Charity registration number NIC107211 (England and Wales)
Company registration number NI666902
OPEN ARMS CHURCH LIMITED
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr R S Foster Mr B J Milligan Mr A Barr Charity number NIC107211 Company number NI666902 Registered office 16a Harford Street Portadown Craigavon Co Armagh BT62 3AA
Independent examiner
GMcG PORTADOWN 17 Mandeville Street Portadown Craigavon Co Armagh BT62 3PB
Bankers
Co-Operative Bank Delf House Southway Skelmersdale WN8 6WT
OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 - 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 13 |
OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JANUARY 2025
The trustees present their report and financial statements for the year ended 31 January 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019).
Objectives and activities
The objectives of the charitable company are set out in the Memorandum of Association of Open Arms Church Limited. They include:-
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To advance the Christian faith.
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To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby.
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To advance education in accordance with Christian principals.
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To promote and fulfil such other charitable purposes beneficial to the community.
The trustees have paid due regard to guidance issued by the Charity Commission for Northern Ireland in deciding what activities the charitable company should undertake.
Achievements and performance
During the year to 31 January 2025 the charitable company received donations and undertook the promotion of their above objectives.
Activities included:-
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Sunday morning worship and Children's Sunday School.
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a holiday bible club for children across the community with volunteers running minibuses to transport children to and from the premises.
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an outreach team of volunteers to help teenagers, addicts and homeless, specifically around the Bann Boulevard in the evenings.
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Friday lunch for the local community, those in need and the homeless in the area.
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volunteers cleaning up the streets around the church removing litter, weeds which had grown in alleyways between houses and removing graffiti from neighbouring houses by painting gable walls.
Financial review
The charitable company's financial results are set out in detail on pages 5-13.
There was an overall surplus for the year of £6,939 (2024 - £6,632). Unrestricted funds at 31 January 2025 were £29,951 (2024 - £23,012). The charitable company has no restricted funds.
Reserves
The level of reserves will be reviewed annually and built up in stages consistent with the charitable company's overall financial position and its need to maintain its charitable activities. The trustees consider a level of £30,000 to be appropriate.
Structure, governance and management
The charitable company is a company limited by guarantee, governed by its Memorandum and Articles of Association dated 10 January 2020. The charitable company is registered with the Charity Commission for Northern Ireland. The charitable company is controlled by its trustees who are directors of the company for the purposes of company law.
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OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 The trustees who served during the period and up to the date of signature of the financial statements were.. Mr R S Foster Mr B J Milligan MrA Barr Under the requirement of the Memorandum and Articles of Association. one third of the directors retire from office each year. The minimum number of directors is Ihree and is not subject to any maximum. None of the trustees has any beneficial interest in the charitable company. All of the trustees ¥e members of the charitable company and guarantee to contribute £1 in the event of winding up. Organisation The day to day running of the charitable company is overseen by the trustees. In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. Registered Office.. 16a Hartford Street Portadown Craigavon Co Armagh BT62 3A4 Company Registration No". N1666902 Charity Registration No= NIC107211 The trustees, report was approved by the Board of Trustees. Mr B J Milligan Trustee Dated.. .1.1
CHARTERED ACCOUNTANTS OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OPEN ARMS CHURCH LIMITED I report to the trustees on my examination of the financial statements of Open Arms Church Limited (the charitable company} for the year ended 31 January 2025. Responsibllltles of trustees and examiner As the trustees of the charitable company (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. It is my responsibility to= examine the financial statements under section 65 of the CharitiesAct (Northem Ireland) 2008., follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65{9}(b) of the Act- and state whether particular matters have come to my attention. Basis of independant examinerfs report I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act.. or the financial statements do not accord viith those records. or the financial statements do not comply wth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter consided as part of an independent examination. or the financial statements have not been prepared in accordance vrith the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 17 MandMrylle Street PORTADOWN Craigavon BT62 3PB Centl]L)' Ho 40 cStent Business Park LISBU'RN BT28 2GN 19 A]fred Street BEIE.4sr BT2 8EQ DX39kO NR Bellast 50 Tel: +44 (0)28 3833 2801 FI. +44 (0)28 3835 0293 Tel.. +4410128 9031 1113 F&¥: +44 {0)28 9031 OTn Tel: +44 (0)28 9260 7355 Fax". +44 {0)28 9260 1656
OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF OPEN ARMS CHURCH LIMITED Independent examinerfs statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Illian JohnstonACA GMCG PORTADOWN 17 Mandeville Street Portadown Craigavon Co Armagh BT62 3P8 Dated. ..l..l....flvt4asr Ao&s
OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income and endowments from: | |||
| Donations and legacies | 3 | 28,283 | 32,430 |
| Other income | 4 | 13,583 | - |
| Total income | 41,866 | 32,430 | |
| Expenditure on: | |||
| Charitable activities | 5 | 34,927 | 25,798 |
| Net income for the year/ | |||
| Net movement in funds | 6,939 | 6,632 | |
| Fund balances at 1 February 2024 | 23,012 | 16,380 | |
| Fund balances at 31 January 2025 | 29,951 | 23,012 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 JANUARY 2025 2025 2024 Notes Flxed assets Tangible assets 5,018 8,781 Current assets Debtors Cash at bank and in hand 10 8.113 19.225 1,398 15.143 27,338 16.541 Creditors: amounts falling due withln one year 11 (2.405) (2,310) Net current assets 24,933 14.231 Total assets less current Ilabllltles 29.951 23,012 Income funds Unrestricted funds 29.951 23,012 29.951 23,012 The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 January 2025. The twstees acknowledge their responsibilities for ensuring that the charitsble company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of tts incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2008 relating to financial statements, so far as applicable to the charitable company. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subje to the small companies regime. The financial statements were approved by the trustees on ....... Mr B J Milligan Trustee Company Registration No. N1666902
OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
1 Accounting policies
Charity information
Open Arms Church Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 16a Harford Street, Portadown, Craigavon, Co Armagh, BT62 3AA.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charitable company's Memorandum of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102.
The charitable company has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company.
1.4 Incoming resources
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025
1 Accounting policies (Continued)
1.5 Resources expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity.
(i) Charitable activities
This comprises all the resources applied by the charitable company in undertaking its work to meet its charitable objectives.
(ii) Governance costs
Governance costs include the costs of governance arrangements which relate to the general running of the charitable company.
(iii) Support costs
Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements Over 5 years Furniture and equipment 20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025
1 Accounting policies (Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025
2 Critical accounting estimates and judgements (Continued)
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Fixed assets
The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset and estimates of residual values. The trustees regularly review these asset lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation and amortisation charges for the period. Detail of the useful lives is included in the accounting policies.
3 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations | 28,283 | 32,430 |
4 Other activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Gift Aid recovered | 13,583 | - |
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OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
5 Charitable activities
| Training Rent Heat and light Website, media, music and sound expenses Donations Staff costs Insurance Depreciation GIVT fees Relief Pastor Printing and stationery Ministry and outreach expenses Repairs Share of support costs (see note 6) Share of governance costs (see note 6) Support costs Support costs Governance costs £ £ Staff cost 1,100 - General expenses 28 - Accountancy, taxation and payroll services - 2,469 1,128 2,469 Analysed between Charitable activities 1,128 2,469 |
Unrestricted Unrestricted funds funds 2025 2024 £ £ 426 - 6,000 500 1,400 100 1,977 1,010 1,078 356 9,900 11,811 644 562 4,796 4,804 - 91 - 1,800 183 71 3,883 1,032 1,043 305 31,330 22,442 1,128 1,416 2,469 1,940 34,927 25,798 2025Support costs Governance costs 2024 £ £ £ £ 1,100 1,312 - 1,312 28 104 - 104 2,469 - 1,940 1,940 3,597 1,416 1,940 3,356 3,597 1,416 1,940 3,356 |
Unrestricted Unrestricted funds funds 2025 2024 £ £ 426 - 6,000 500 1,400 100 1,977 1,010 1,078 356 9,900 11,811 644 562 4,796 4,804 - 91 - 1,800 183 71 3,883 1,032 1,043 305 31,330 22,442 1,128 1,416 2,469 1,940 34,927 25,798 2025Support costs Governance costs 2024 £ £ £ £ 1,100 1,312 - 1,312 28 104 - 104 2,469 - 1,940 1,940 3,597 1,416 1,940 3,356 3,597 1,416 1,940 3,356 |
|---|---|---|
| 22,442 1,416 1,940 |
||
| 25,798 | ||
| 2024 £ 1,312 104 1,940 |
||
| 3,356 | ||
| 3,356 |
6 Support costs
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.
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OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
8 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 |
|---|---|
| Number | Number |
| 1 | 1 |
| 9 Tangible fixed assets Leasehold improvements Furniture and equipment £ £ Cost At 1 February 2024 19,333 8,107 Additions - 1,033 At 31 January 2025 19,333 9,140 Depreciation and impairment At 1 February 2024 14,298 4,361 Depreciation charged in the year 3,867 929 At 31 January 2025 18,165 5,290 Carrying amount At 31 January 2025 1,168 3,850 At 31 January 2024 5,035 3,746 10 Debtors 2025 Amounts falling due within one year: £ Other debtors 7,201 Prepayments and accrued income 912 8,113 11 Creditors: amounts falling due within one year 2025 £ Other taxation and social security 200 Accruals and deferred income 2,205 2,405 |
Total £ 27,440 1,033 |
|---|---|
| 28,473 | |
| 18,659 4,796 |
|
| 23,455 | |
| 5,018 | |
| 8,781 | |
| 2024 £ 400 998 |
|
| 1,398 | |
| 2024 £ - 2,310 |
|
| 2,310 |
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OPEN ARMS CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
12 Explanatory notes to the funds
Unrestricted funds
This fund includes all core funding that the charitable company receives and is expendable at the discretion of the trustees for the general purposes of the charitable company.
13 Related party transactions
During the year the trustees, as congregational members, made donations to the charity by way of general church offerings.
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