Celebration House Statement of Financial Activities for the Year Ended 30 September 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrict¢d funds Total 2023 Not¢ Incomo and Endowments from: Charitable activities 76,298 76,298 Total income 76.298 76,298 Expenditure on". Charitable artivities {93,182 (93,182) Total expenditure Net expenditure (93.182 93,182 16,884) (16,884) Net movement in funds (16,884) 116,884) Reconciliation of fund5 Total funds brought foi'ward 4,051 4,051 Total fuiids carried forward 16 (12,833} (12,833) Total 2022 Unrestricted funds Note Ineomo and Endowments from: Charitable activities 83,052 83,052 I'otal income 83,052 83,052 Expenditure on: Charitable activities (98,220) (98,220) Total expenditure (98,220) (98,220) Net expenditure (15,168) (15,168) Net movement in funds (15,168) (15,168) Reconciliation of fund5 Total fund5 brought forward 19.219 19,219 Total funds carried forward 16 4,051 4,051 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 16. The notes on pages 8 to 16 form an integral part of these financial statements. Page 6
Celebration House (Registration number: N1641052) Balance Sheet as at 30 September 2023 2023 2022 Note Fixed Assets "l angible assets 7,622 9,528 Current assets Debtors Cash at bank and in hand 12 573 4,115 1.124 6,743 7,867 13 4,688 Creditors: Amounts falling due within one year 14 (25.143) {13.344) Net current liabilities (20,455) (5,477) Net (liabilities)IAssets (12.8J3) 4,051 Funds of the ¢h4rity: Unrestricted income funds Unrestricted fund5 (12.83)) 4,051 Total funds 16 (12,833) 4.051 For the financial year ending 30 September 2023 the charity wa5 entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Director5, 1'e5ponsibilities: 'riie members have not requii'ed die charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their re5POD5ibilitie5 for complying with the requirements of the Act with respect to accountiiig records and tlie prepardtion of accounts. The fiiiancial statemeiits on pages 6 to 16 were approved by the trustees, and authorised for issue on 25 March 2024 and signed on theii. behalf by.. Pa".tor R A Stewart Trustee Dr C H ,Stewart Trustee I'he notes on pages 8 to 16 form an integral part of tiiese financial statements. Page 7
Celebration House Notes to the FinancRal Statements for the Year Ended 30 September 2023 I Charity status The charity is limited by guai'antee. incorporated in Northern Ireland, and conseqiiently does not have share capital. Each of the trustees is liable to contribule an amouiit not exceeding £1 towards the assets of the charity in the eveiit of liquidation. Tlie address of its registered oifice 15.. 2-4 Railway Street Ballymena Co Antrim B T42 2AB These financial statements were authorised for issue by the trustees on 25 March 2024. 2 Accounting policies SummAry of significAnt accounting policies and key accounting estimate5 The principal accounting policies applied in the preparation of these financial statenieiits are set out below. These policies have been consistently applied to all the years pi'eseiited. unless otherwise stated. Statement ofcompliance Tlie financial statements have been prepared in accordance with Accounting and Reporting by Cliarities: Statement of Reconimended Practice applicable to cliarities preparing their accoiints in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Siaiidard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act (Northem Irelaiidl 2008. Basis of preparation Celebration House meets the definition of a public benefit entity linder FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting poli¢y notes. The presentational currency of these financial Statements 15 Sterling and the amounts have been rounded to the nearest £1. Going concern The financial statements have been prepared on a goiiig concern basis. The trustees have assessed a period of12 months trom the date ot. approving the tinancial 5tatement5 With regard to the appropriatene55 of the going concern assumption in preparing the financial statements. The trustee5 note th¢ negative cashflow p051tioii at the date of sigii off of tlie finaiicial statenients. however they believe tl)e Cliurcl) will contiiiue as a goiiig concern and be able to realise its assets and discharge its liabilitie5 in the nornial course of business. Page 8
Celebration House Notes to the Financial Statements for the Year Ended 30 September 2023 Judgements The preparation of the financial statement5 requires m8nag¢ment to make judgements. estimates and assiimptions that affect the application of accoiinting policies and the reported amoiint of assets and liabilities, income and expenses. Actual results may differ from these estimates. Incomc And endowments All income is recognised once the charity has entitlement to the inGome. it is probable that the income will be received and the amount of the iiicome receivable can be measured reliably. Donations and legacies Donations are recognised when the charity has received the income. In the event that a donation i5 subject to conditions that require a level of performance by the charity before tlie charity is entitled to the funds. the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these condition5 will be fiilfilled in the reporting period. Granls receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance condition5 are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred incoine to be released. Expenditure All expenditure is recognised once there is a legal or construGtive obligation to that expenditure. it is probable settleiiicnt is required and Ilie aniount can be nieasured reliably. All costs are allocated to the applicable expcnditure heading Il)at aggregate similar costs to that category. Where costs cannot be directly attribiited to partiCLilar Iieadings they liave been allocaled on a basis consistent with the use of resources, with central staff 0Stb allocated on the basis of tiit)e spent, and depreciation charges allocated on the portion of the asset's use. Other 5llPPOrt Costs are alloeated based oli the spread of staff cost5. Cliaritrtble aclivilies Charitable expenditure Goinprises those costs incurred by the charity in the delivery of its activitie5 and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to 5UPPOrt them. GOvernnCe ¢ost$ These include the Costs attribLltable lo the charity's compliance with constitutional and statutory requirements. including audit, strategie managemenl and trustees meeting5 and reimbursed expenses. Taxation The cliarity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets tl)e definition of a charitable company for UK corporation tax purpose5. Accordingly. the charity is potentially exenipt from taxation in respect of incoine or capital gains received within categories covei'ed by Chapter 3 Part I l of the Corpoi'ation Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extenl that 5Lich incoine or gains are applied exclusively to Gharitable purposes. Page 9
Celebration House Notes to the Financial Statements for the Year Ei nded 30 September 2023 Tangible fixed Assets Individiial fixed assets C05ting £0.00 oi. more are initially i'ecorded at Cost, less any subsequent accumiilated depreciation and subsequent accuinulated impairment losse5. Depreciation and amortiSAtion Depreciation 15 provided on tangible fixed a55ets so as to write off the cost or valuation. less any estimated residual value, over tlieir expected useful economic life as follows.. Asset class Fui'niture and equipment Depreciation method and rate 200/D I'educing balance basis TrAdc debtor5 Trade debtors are amounts due froin customers for merchandise 501d or service5 performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Ca511 and casli equivalent5 comprise ca51i on hand and call deposit5, and otlier short-lerm higlily liquid investinents that al'e i'eadily convertible to a known amount of cash and are subject to ali i115ignificant risk of change in value. Tr4ide creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if tlie charity does not liave an unconditional riglit, at tlie end of the reporting period, to defer settlen)ent of tlie creditor for at least twelve months after the reporting date. If there 15 an unconditional right to defer settlement for at least twelve month5 after the reporting date. they are pi'esenled as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest iiiethod. Fund structure Unre5tri¢ted income funds are general fund5 that are available for use at the trustees's discretion in furtherance of the objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terins of an appeal. Page 10
Celebration House Notes to the Financial Statements for the Year Ended 30 September 2023 Pensions and other post retirement obligxtions The charity operates a defined contribution pension scheme whiGlI is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or Gonstriictiv¢ obligation to pay further coiilributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payinen15 exceed tlie contribiition due for service. tlie excess is recogni5ed a5 a prepaynient. 3 Income from charitable activities Unrestricted funds Gener#1 TotAI 2023 Celebration House church 76.298 76.298 Unrestricted funds General Total 2022 CGIGbL"alioLi I lousG GIIuL"GII g3,05 Pagell
Celebration House Notes to the Financial Statements for the Year Ended 30 September 2023 4 Expeiiditure on chAritable Aetivities Unrestrietod funds GeiierAI Totnl 2023 Note Celebration House church Depreciatioii. amortisation and other similar c05t5 Staff costs Governance costs 63,720 1,906 26,016 1.540 63,720 1,906 26,016 1,.540 93,182 93,182 Unrestricted funds Gcncral Total 2022 Note Celebrdtion House church Depi'eciation. amoitisation and other similar costs Staff costs Governance costs 68,320 2.382 25,338 2.180 2,382 25.338 2.180 98,220 98,220 In addition to the expenditure analysed above. there are also goveriiance cosls of £1.540 (2022 - £2,180) whicli relate directly to charitable activities. See note 5 for furtlier del'ails. 5 Analysis of governAnee and support costs Governance c05t5 Unrestricted funds General Tot471 funds Independent examiner fees Exaniination of the fiiiaiicial statements Other fees paid to exaininers 1.200 340 1.200 340 Total for 2023 1,540 1,540 Total for 2022 2.180 2.180 Page 12
Celebration House otes to the Financial Statement5 for the Year Ended 30 September 2023 6 Nct incomingloutgoing re50urees Net outgoing resoiirces for the year incliide: 2023 2022 Depreciation of fixed assets 1,906 2,382 7 Trustee5 remuneration Rnd expenses During the year the charity made the following transactions with trustees.. Pastor R A Stewart Pastor R A Stewart received i'emuneration of £1 0.200 (2022.. £10,200) during the year. At the balance sheet date the amoiint due to Pastor R A Stewart was £4,956 (2022: £Nil). 8 St*ff costs The aggregate payroll costs were as follows.. 2023 2022 Staff costs during the ye8r were: Wages and salaries Pension costs 25,778 238 25.100 238 26.016 25,338 Tlie Inonthly average number of persons (including Senior management / leadership team) employed by the charity during tlie year expressed as full tiine equivalent5 was as follows.. 2023 2022 Charity employees No employee received emoluments of more than £60.000 during the year. 9 Independent examincr'5 remuncration 2023 2022 Exaininatioii of the fiiiancial stateinents 1,200 1,100 Other fecs to exAminers All other 5ervice5 340 1,080 Page 13
Celebration House Notes to the Financial Statements for the Year Ended 30 September 2023 10 TaxAtion Tlie charity 15 a registered chp4rity and is therefore exempt from taxation. I I TAngible fixed As$ets Furniture and cquipment 'rotAI Cost At l October 2022 15.294 15,294 At 30 Septeinber 2023 15.294 15.294 Depreciation At l October 2022 Chai'ge for the year 5,766 1,906 5.766 1,906 At 30 September 2023 7,672 7,672 Net book value At 30 September 2023 7,622 7.622 At 30 September 2022 9,528 9.528 12 Debtors 2023 2022 Trade debtors 573 1.124 13 CAsh and CAsh equivalents 2023 2022 Cash on hand Cash at bank 99 4,016 40 6,703 4,115 6,743 Page 14
Celebration House Notes to the Financial Statements for the Year Ended 30 September 2023 14 Creditors: Amounts falling due within one year 2023 2022 Trade ci'editor5 Other taxation and social security Other creditor5 Accruals 8,250 668 11,366 4,859 5,500 2.326 1,253 4.265 25.143 13,344 15 Pension and other schemes Dcfjned contribution pension scheme The charity operates a defined contribution pension scheme. The pension cost charg¢ for the year represents contributions payable by the charity to the scheme and amounted to £238 (2022 - 211). Contributions totalling £(468) (2022 - £(495)) were payable to the scheme at the end of the year and are included in creditors. 16 Funds Balance At 30 September 2023 Balance at I October 2022 Incoming resources Resourc¢5 expended Unrestricted fund5 General 4.051 76.298 (93,182) (12.833) Balxnce 4lt 30 September 2022 Balance At I October 2021 Incoming resources Resources expended Unrestricted funds General 19,219 83.052 (98,220) 4.051 Pa8e 15
Celebration House Notes to the Financial Statements for the Year Ended 30 September 2023 17 Analysis of net assets between funds Unrestricted funds General Total fund5 at 30 September 2023 Tangible fixed assets Current assets Current liabilities 7,622 4,688 (25,143) 7,622 4,688 {25,143) Total net assets (12,833) (12,833) Unrestricted funds General Total funds at 30 September 2022 Tangible fixed assets Current a55et5 Current liabilitie5 9.528 7,867 (13,344) 4,051 9,528 7,867 (13,344) 4,051 Total net assets 18 Analysis of n¢t funds At30 September 2023 At l October 2022 Cash at bank and in hand 6,743 6,743 Net debt 6,743 6,743 At30 September 2022 At l October 2021 Financing cash flows Cash at bank and in hand 21.369 14,626) 6,743 Net debt 21,369 (14,626) 6,743 Page 16
Celebration House Detailed Statement of Financial Activities for the Year Ended 30 September 2023 Total 2023 Total 2022 Incorne and Endowments from: Clioritable activities (aiialys¢d below) 76.298 83.052 Total income 76.298 83,052 Expenditure on". Charitable activities (analysed below) (93,182) (98,220) Total expenditure (93,182) (98,220) Net expendittire (16.884) (15,168) Net movement in funds (16,884) (15,168) Reconciliation of funds Total funds brought forward 4,051 19,219 Total funds carried forward (12,833) 4,051 This page does not forn) part of the statutory financial statements. Page 17
Celebration House Detailed Statement of Financial Activities for the Year Ended 30 September 2023 Totlll 2023 Total 2022 Cliurilable aclivilies Tithes and donations Gift Aid tax re¢laimed Odier income 69,563 6,483 252 77,010 5,787 255 76.298 83,052 Cliarilable aetivilies Materials Wages and salaries Staff pensions (Defined coiitribution) Ministry Rent (1,008) (25.778) (23 8) {3.486) (33,000) (165) {13,218) (1,638) (6,169) (I,ii3> (382) (367) (1,059) {680) (190) (1,382) {25.100) (238) (5,359) (33.000) (157) (13,515) (1,711) (8,174) ( I,OiO) Water rate5 Light, heat and power Insurance Repairs and maintenance Tclcphonr and fax Coinpiiter software and Inaintenance costs Pi'intiiig, postage and stationery C,alei'ing and hospitality Licences Sundry expenses Consultancy fees Legal and professional fees Bank charges Depreciation of plant and machinery AccOuntcY fees Accountancy fees other services (156) (604) (6701 1147) (6001 (243) (1,161) (2,3 82) (1,100) (1,080) (805) (1,906) (1,200) (340) (93,182) (98,220) This page does not form part of the statutory finanGia5 statements. Page 18