REGISTERED CHARITY NUMBER: 107138 Re ort of the Trustees cind Unaudited Financial Statements for the Yecir Ended 31 December 2022 for Lisburn Inde endent Methodist Church KGA Accountants LLP Building 2 The Sidings Antrim Road Lisburn Co. Antrim BT28 3AJ
Llsburn Inde endent Methodlst Churc Contents of the Financlal Statements for the Year Ended 31 December 2022 Page Report of the Trustees Statement of Financlal Actlvities Balance Sheet Notes to the Financlal Statements 6 to 11 Detalled Statement of Flnanclal Actlvitles 12
11 The trustees present thelr report wlth the flnanclal statements of the charlty for the year ended 310ecember 2022. The trustees have adopted the provlslons of Accountlng and Reportlng by Charltles: Staternent of Recommended Practlce appllcable to charltles preparln8 thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) (effectlve l January 2019). The Trustees have regard to the Charlty Commlsslon for Northern Ireland Annual Reportlng and Publlc Beneflts requlrement Statutory 8uldance In the preparatlon of thls report and In the course of thelr buslness In the reportSng perlod. OWECTIVES AND AcfiviTIES Organlsatlon actlvltles . We hold services of worship each Lord's Day and a Blble Study and Prayer Meetlng each week. Where avallable we also hold a Sunday Sthool and Bible Class for teenagers. - We provlde a structured programme of actlvitles for prlmary school chlldren In weekly Blble clubs and Summer Hollday Blble Clubs for children from wlthln the church and outslde 5t. We seek to reach people outslde of the Chrlstlan falth as well as nurturing those who profess It, through the preachlng and teachlng of the Word of God, as contalned In the Bible, and through pastoral support and vlslts. - Where available we run a Mother and Toddler Group and a Children's Club. - Where available we host a website with Information about us and our meetings together with downloadable sermons. - We hold speclal meetings from time to tlme, to give a Christian perspective and for evangellstic purposes. We hold mlsslonary meetlngs and endeavor to support a number of misslonaries and Misslonary Socletles both Inslde and outsfde our denomlnation, and both wlthin Northern Ireland and abroad. Thls support Is given through prayer, encouragement, and flnanclal aid. We dlstrlbute Invltations to meetings and Chrlstlan literature to homes On the area of benefit and the surroundlng area. We may also seek to support Indivlduals who flnd themselves In need, elther at horne or abroad. - We also provlde a structured prograrnrne for teenagers and young people both Inslde church premises and outslde and a varied programme of activitles, both soclal and rellgious, for women from wlthln and wlthout the church fellowship. Pa8e I
hu 11 OBJECTIVES AND ACTIVITIES Publlc beneflt The organlsatlon contlnued to operate wlthln Its Publlc Beneflt statement throughout 2022. - The adoptlon and maintenance of a 5plrltual, moral, and soclal framework that encourages people to be good cltlzens In thelr local communlty. - The beneflt of provldlng the opportunlty to worshlp God by conductln8 publlc servlces, to pray and to hear the Gospel of Jesus Chrlst explalned and taught. - The provlslon of Pastoral rnlnlstry to members, attendees, and those who request It from outslde the church. - The promotion of good relatlonshlps. Support Is provided to Individuals who find themselves In need, through Mlsslonarles and Misslonary organlsatlons In the UK and overseas both financlally and through prayer as the trustees thlnk fit from tlme to tlme. The benefits are demonstrated by: Lives transformed for the better, as people seek to Ilve by the teachlng of Jesus Chrlst, to love God as thelr neighbour as themselves. The promotlon of good relatlonships. support offered to people in the communlty who are elderly• alone, disabled, hospitalized. Promotlon of a worldwlde vlslon and helplng mlsslonary causes. Bridging relatlonshlps with people outsode the church. Young people are being kept 'off the streets, as they Interact wlth others, develop spirltual, soclal, moral improvement, learnlng about the Chrlstlan faith. Developlng spiritual strengths to help cope with the challenges of personal and famlly life. There Is no harm flowlng from our purpose. Our benefldarles are the general publlc In and around the distrlrt where a church Is located, vlsltors from further afield, and any who Ilsten to servlces over the Internet, where that facllity Is provlded. Our servlces and programmes are open to all sectlons of the communlty. The only prlvate beneflt flowing from our purpose Is related to the employment of our Ministers who receive benefits as a result of their employment. However, this is Incidental and necessary in order to further our charltable purpose. the advancement of religion. FINANCIAL REVIEW Flnanclal p051tlon Usburn IMC has three funds, the General Fund (unrestrlcted), the Mlsslonary Fund (restrlcted) and the Church Manse Maintenance and Development Fund (restricted). The Misslonary fund Is used to support mlssionaries, missionary organlsations and mlssion trlps as decided by the Trustees. The Church Manse Maintenance and Development fund is used for Lisburn IMC property expendlture. The recelpts for 2022 were £113,207 compared to £81,880 for 2021. The Increase was mainly due to Increased donatlons of £16,886 for the misslonary fund, whlch Included speclflc donations to the Ukralne support. In addltion, financial contrlbutlon5 were recelved from Bloomfield Independent Methodlst Church and the Fellowshlp of Independent Methodlst Churches of £23,005 towards salary of asslstant Pastor McFarland, compared with the contrlbutlon In 2021 of £1,260. Total payments In 2022 were £126,532 compared to £105,294 In 2021. The Increase Is malnly due to an Increase In gifts to mlssionaries, with specific glfts to Ukralne support. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The church is governed by the Fellowshlp of Independent Method15t Churches Constltutlon. The Constitution was reviewed, and the revised document was adopted at our annual members meeting on 26th March 2014. Page 2
Al STRUCTURE, GOVERNANCE AND MANAGEMENT Charlty constltutlon Llsburn Independent Methodlst Church Is a member of the Fellowshlp of Independent Methodlst churches and vas formed In October 1980. The charlty was re8lstered wlth the Charlty Commlsslon for Northern Ireland on 17th October 2018. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 107138 Prlnclpal address 68 Causeway End Road Llsburn BT28 2ED Trustees Rev E Moore (Pastor, Chalrman) Mr B Hamilton (Church Secretary) Mr V Kealey (Treasurer) Mrj Anderson Mr R Boles Mr P Bond Mrj Park Mr K Wllson /3-09.. 29 Approved by order of the board of trustees on ......... .... . and slgned on Its behalf by: Trustee Page 3
IA Al 2022 Total funds 2021 Total furKIs Unrestrlcted funds Restrlcted fund Notes INCOME AND ENDOWMENTS FROM Donations and le8acles 90,199 16,886 107,085 75,134 Investment Income 6,121 6,121 6,745 Total 96,320 16,886 113,206 81,879 EXPENDITURE ON Charltable actlvltles Misslonary funds Church servlces 5,236 91,370 29,924 35,160 91,370 105,294 Total 96.606 29,924 126,530 105,294 NEf INCOME/(EXPENDITURE) (286) (13,038) (13,324) (23,415) RECONCILIATION OF FUNDS Total funds brought forward 795,323 60,091 855,414 878,829 TOTAL FUNDS CARRIED FORWARD 795,037 47,053 842,090 855,414 The notes form part of these financlal statements Page 4
Met Al 2022 Total funds 2021 Total funds Unrestrlcted funds Restrlcted fund Notes FIXED ASSETS Tanglble assets 608,308 608,308 608,308 CURRENT ASSETS Cash at bank and In hand 186,729 47,053 233,782 247,106 NET CURRENT ASSETS 186,729 47,053 233,782 247.106 TOTAL ASSETS LESS CURRENT UABILITIES 795,037 47,053 842,090 855,414 NEf ASSETS 795,037 47,053 842,090 8S5,414 FUNDS Unrestricted funds Restrlcted funds 795,037 47,053 795,323 60,091 TOTAL FUNDS 842,090 855,414 The flnanclal statements were approved by the Board of Trustees and authorlsed for Issue on and were signed on its behalf by: Trustee /3.(>?.Z3 The notes form part of these flnancial statements Page 5
Al the ece AA 20 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The flnanclal statements of the charlty, whlch Is a publlc beneflt entlty under FRS 102, have been prepared In accordance with the Charltles SORP (FRS 102) 'Accountln8 and Reportlng by Charlties: Statement of Recommended Practlce appllcable to charltles preparlng thelr accounts In accordance wlth the Flnanclal Reporting Standard appllcable In the UK and Republlc of Ireland (FRS 102) (effectlve l January 2019),, Flnanclal Reportlng Standard 102 'The Flnanclal Reportlng Standard appllcable In the UK and Republlc of IrelarKJ' and the Charltles Act 2011. The flnanclal statements have been prepared under the hlstorlcal cost conventlon. Income All Income Is recognised In the Statement of Flnanclal Actlvltles once the charlty has entltlement to the funds, it Is probable that the Income wlll be recelved and the amount can be measured rellably. Expendlture Liabilities are recognlsed as expendlture as soon as there Is a legal or constructive obligatlon committing the charlty to that expendlture, It Is probable that a transfer of economlc beneflts wlll be required In settlement and the amount of the obllgatlon can be measured rellably. Expenditure Is accounted for on an accruals basls and has been classlfled under headings that aggregate all cost related to the category. Where costs cannot be dlrectly attributed to partlcular headings they have been allocated to activitles on a basls consistent with the use of resources. Grants offered subject to conditlons whlch have not been met at the year end date are noted as a commitment but not accrued as expenditure. Taxatlon The charlty Is exempt from tax on its charltable actlvltles. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretlon of the trustees. Restricted funds can only be used for partlcular restrlcted purposes within the objects of the charlty. Restrictions arlse when specifled by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is Included in the notes to the financial staternents. INVESTMENT INCOME 2022 2021 Rent from bungalow Bank account interest 5,642 479 6,172 573 6,121 6,745 Page 6 contlnued...
11 AA TRUSTEES, REMUNERATION AND BENEFITS Trustee remuneratlon pald durlng the year ended 31 December 2022 was as follow: Rev E Moore recelved £31,0(X) In salary. Rev S McFarland recelved £22,000 In salary. Trustees, expenses There were no trustees, expenses pald for the year ended 31 December 2022 nor for the year ended 31 December 2021. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted funds Restrlcted fund Total funds INCOME AND ENDOWMENTS FROM Donatlons and legacles 73,768 1,366 75,134 Investment Income 6.745 6,745 Total 80,513 1,366 81,879 EXPENDITURE ON Charltable activltles Church servlces 88,844 16,450 105,294 NET INCOME/(EXPENDITURE) Transfers between funds (8.331) (17,331) (15,084) 17,331 (23,415) Net movement in funds (25,662) 2,247 (23,415) RECONCILIATION OF FUNDS Total funds brought forward 820,985 57,844 878,829 TOTAL FUNDS CARRIED FORWARD 79S,323 60,091 855,414 Page 7 continued..
Al TANGIBLE FIXED ASSETS Fixtures and fittlngs Freehold property Short leasehold Long leasehold Totals COST At l January 2022 and 31 December 2022 336,808 55,500 90,000 126,(X)O 608,308 NET BOOK VALUE At 31 December 2022 336,808 55,500 90,0(XI 126,000 608,308 At 31 December 2021 336,808 55,500 90,000 126,000 608,308 MOVEMENT IN FUNDS Net movement In funds At 31.12.22 At 1.1.22 Unrestrlcted funds Unrestrlcted Funds General Fund 2021 Unrestrlcted funds Church & Manse MaSntenance & Development Fund 2021 718,205 10,560 728.765 77,118 (10,846) 66,272 795,323 (286) 795,037 Restrlcted funds Restricted Funds Missionary Funds 2021 60,091 (13,038) 47,053 TOTAL FUNDS 855,414 {13,324) 842,090 Page 8 contlnued..
AA 11 MOVEMENT IN FUNDS. contlnued Net movement In funds, Included In the above are as follows: Incomln8 resources Resources expended Movement In funds Unrestrlcted funds Unrestrlcted Funds General Fund 2021 Unre5trlcted funds Church & Manse Malntenance & Development Fund 2021 96,321 (85,761) 10,560 (i) (10,845) (10,846) 96,320 (96,606) (286) Restrlcted funds Restricted Funds Mlsslonary Funds 2021 16,886 (29,924) (13,038) TOTAL FUNDS 113,206 (126.530) (13324) Comparatlves for movement In funds Net movement in funds Transfers between funds At 31.12.21 At 1.1.21 Unrestrlrted funds Unrestricted Funds General Fund 2021 Unrestricted funds Church & Manse Malntenance & Development Fund 2021 738,973 (3,367) (17.401) 718,205 82,012 (4,964) 70 77,118 820,985 (8,331) (17,331) 795,323 Re5trlcted funds Restrlcted Funds Mlsslonary Funds 2021 57,844 (15,084) 17,331 60,091 TOTAL FUNDS 878,829 (23,415) 855.414 Page 9 continued...
11 11 MOVEMENT IN FUNDS. ¢ontlnued Comparatlve net movement In funds, Included In the above are as follows: Incoming resources Resources expended Movement In funds Unrestrlcted funds Unrestrlcted Fund5 General Fund 2021 Unrestrlcted funds Church & Manse Malntenance & Development Fund 2021 80,455 (83,822) (3,367) 58 (5,022) (4,964) 80,513 (88,844) (8,331) Restrlcted funds Restrlcted Funds Mlsslonary Funds 2021 1,366 (16,450) (15,084) TOTAL FUNDS 81,879 (105,294) (23,415) A current year 12 months and prlor year 12 months comblned posltlon Is as follows: Net movement In funds Transfers between funds At 31.12.22 At 1.1.21 Unrestrlrted funds Unrestrlcted Funds General Fund 2021 Unrestrlcted funds Church & Manse Malntenance & Development Fund 2021 738,973 7,193 (17,401) 728.765 82.012 (15,810) 70 66,272 820.985 (8,617) (17,331) 795,037 Restrlcted funds Restricted Funds Mlsslonary Funds 2021 57,844 (28,122) 17,331 47,053 TOTAL FUNDS 878,829 (36.739) 842,090 Page 10 continued...
MOVEMENT IN FUNDS- contlnued A current year 12 months and prlor year 12 months comblned net movement In funds, Included In the above are as follows: Incomlng resources Resources expended Movement In funds Unrestrlcted funds Unrestricted Funds General Fund 2021 Unrestrlcted funds Church & Manse Malntenance & Development Fund 2021 176,776 (169,583) 7,193 57 (15,867) (15,810) 176,833 (185,450) (8,617) Restrfcted funds Restricted Funds Mlsslonary Funds 2021 18,252 (46374) (28,122) TOTAL FUNDS 195,085 (231,824) (36.739) RELATED PARTY DISCLOSURES Mlsslonary support Is provFded to Mr S ParK who Is the brother to our trustee. Mr J Park. TANGIBLE FIXED ASSETS The property held by the charity Is included at hlstorlcal cost. Page 11
2022 2021 INCOME AND ENDOWMENTS Donatlons and legacles Glfts, tlthes & offerlngs Salary contrlbutlon bloomfleld & fellowshlp SMCF Glft ald 75,284 23,005 8.796 63,349 1,260 10,525 107,085 75,134 Investment Income Rent from bungalow Bank account interest 5,642 479 6,172 573 6,121 6,745 Total IncomlnB resources 113,206 81,879 EXPENDITURE Charltable actlvltles Staff costs Utilitles & other bulldin8 exp Speakers & singers etc Mlsslonary glfts 58,828 22,372 2,930 35,160 55,294 16,618 4,830 21,450 119.290 98,192 Support costs Management Admin & general 7,240 7,102 Total resources expended 126,530 105,294 Net expendlture (13,324) (23.415) Thls pa8e does not form part of the statutory financlal statements Page 12