Celebration House Statement of Financial Activities for the Year Knded 30 September 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2024 Note Income and Endowments from: Charitable activities 12,276 112,276 Total income 112.276 112,276 Expenditure on: Charitable activities 110525 110 525 Total expenditure 110,525 110,525 Net income 1.751 1.751 Nc¢ movemenl in fvnds 1.751 1,751 Recontili4tlon of funds Tolal funds brought forward Total funds carried forward 12,833 16 11,082 11,082 'I'otRI 2023 Unreytricted fund$ Nott Income and Endowments from: Chariiable activities 76,298 76,298 Total income 76,298 Expenditure on: Charitable 4¢1ivities 93.182 93,182 Total eXndItUre Net expenditure 16.884 16,884 Net movement in funds (16,884) (16.884) Reconciliation of fund$ Toial fvnds brought ftirward Total fvnds Carri forward 4,051 4.051 16 All of the charitys activiti¢5 derive from continuing operations during the above two periods. The ndS breakdown for 2023 is shovm in note16. The notes on pages 8 to 16 form an Inte[ part of these financial statements. Page 6
Celebration House (Registration number: N1641052) Balanee Sheet as at 30 September 2024 2024 2023 Nott Fixed fissets Tangible assets 6.901 7,622 Currenl gsset$ Debtors C8sh at bank and in hand 12 13 1,025 6,272 573 4,115 7.297 4,688 Creditor¥: Amounts fAlling dw¢ wlthin on¢ year 14 25,280) 25,143 Net current liAbilitleg 17.983) 20,455 Net liHbiliti¢s 11,082 12,833 Funds of the charlty: Unrtstritted income funds Unr¢slri¢led funds 11,082 12.833 "rotal funds 16 11.082 12,833 ror the financial year ending 30 September 2024 ihe charily was entiiled to cxcmption from audit under section 477 of the Companies Ath 2006 relating to small companies. Directors. rcsponsibililies.. The meinbers have noi requir the charity lo obtain an audit of its accounts for the year in questii)n in a¢cordancc with section 476; and The directors acknowledge their responsibilities for complying with Ihe requirerncnts of the Act with respcct io a¢¢ouniin8 records and the preparation of accounts. 'rhe financial statements on pages 6 to 16 were approved by the trustees, and authorised for issue on 18 March 2025 and si8ned on their behalf by: Pastor K A Stewart Truslcc M J Miirp U5tee The noies on pages 8 to 16 form an integral part of these financial statements. Page 7
Celebration House Notes to the Financial Statements for the Year Ended 30 September 2024 I Charity s¢atU5 The charity is limited by guarante4 incorporated in Northern Ireland. and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: 2-4 Railway Street Ballymena Co Antrim BT42 2AB These financial statements were authorised for issue by the trustees on 18 Marth 2025. 2 Accounting policies Summary of significxnt Accounting policie$ And key Aeeounting estimates The principal accounting policies applied in the preparation of ihcse financial statements are sel out below. These policies have been consistently applied io all the years presented, unless otherwise staled. Statement of compliAnce The financial statements have been prepared in accordance with Accounting And Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordance wilh the Financial Reporting Standard applic&ble in the UK and Republic of Ireland (fRS 102) (effectivL l January 2015) - (Charities SOIiP (FRS 102)), the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102). They also ¢omply with the Compani&s Ad 2006 and Charities Ad (Northem Ireland) 2008. BASIS of prep&ration Celebration House meets the definition of a public nefIt entity under FRS 102. Assets and liabilities are initially reeognised at historical cost or Iransaciion v&lue unless oth¢rwise stated in the relevant accounting policy notes. The presentational currency of these financial siatements is sterlin8 and the amounts have been rounded to the nearest £ l. Going roncern The financial slalements have been prepared on a going concern basis. The trustees have assessed a period of12 months from the date of approving the financial statements with reEard to the appropriatenegs of the going concern assumption in preparing the financial statements. The Iruslees note the negative cashflow position al the date of sign off of the financial statements, however they believe the Church wi51 continue a5 a going ¢on¢¢rn and be able to realise ils assets And discharge its liabilities in the normal course of business. Pa8e 8
Celebration House Notcs to the Financial Statements for the Year Ended 30 September 2024 Judgom¢nts The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the appli¢ation of accounting policies and th¢ reported amount of assets and liabilities, income and expenses. Actual results may differ from ih¢5e e5timales. Income And endowments All income is recognised once the charily has entitlement to the income, it is probable that the income will be received and the amounl of the income receivable can measured reliably. Donailoiis anil legaLles Donations are recognised wh¢n the charity has received the incom¢. In the event that a donation is subje¢( lo ¢ondilions that require B level of performance by the charily before the charily is entiiled to the fijnds, the income is deferred and not recogniscd until either those conditions are fijlly mel. or the fvlfilment of those conditions is wholly within the control of ihe charity and it is probable that these condition5 wil I be fulfilled in the reporlin8 period. Grunls receivuble Cjrants are rccognised when the charily has an entiilernen¢ to the funds and any condilions link to the grants have been mei. Where performance conditions are att&ched to the grant and are yet to be met, the income is r¢co8nised as a liabilily and included on the balance sheet as deferred income to be released. Lxptnditure All expendilure 15 rero8nised once there is a legal or Constructive obligation to that expenditure. it is probable .seiilemeni is requir1 and the amount Gan bc measured reliably. All cosis are allocaied to Ihe applicable ¢xpendiiurc headin8 that aggrega similar costs to that category. Where costs cannot be directly atlribuied to particular headings they have been allocated on a basis consistent with the use of resources, with central staff ¢0s1S allocated on the basis of tim¢ spent, and depreciation charges allocaled on the portion of Ihe asset's use. Other support costs ar¢ allocaied based on the spread of staff Cost5. Cliorslftble ac'livlties Charitable expenditure comprises those costs Incurr by the Charity in the delivery of its activities and services for ils beneficiaries. It includes knth costs that can be allated directly to such activities and those costs of an indirect nature necessary io support ihem. Support costs Support cosis include central fiJn¢¢ions and have been al located to activity cost calegorics on a basis consistent with the use of resources, for example, allocaling property costs by floor are4 or per capita. staff Costs by the lirnc spent and uthcr costs by their usage. GovtrnAnee costs These in¢lude th¢ costs attributable to the charity's compliance with constitutional and statutory requirement4 includin8 audit, strategic management and tru5te¢s meetings and reimbursed expenses. Page 9
Celebration House Notes to the Financial Statements for the Year Ended 30 September 2024 Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the finance Act 2010 and Iherefore it meet5 the definition of a charitable company for UK Corporation tax purposes. Accordingly, the charity is potentially exempt from taxalion in respect of income or capital gains received within categories ¢over¢d by Chapter 3 Part I l of the Corporation Tax Act 201 O or Seclion 256 of the Taxation of Chargeable Gains Ael 1992, to the extent that su¢h income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets Costing £0.00 or more are initially recordcd at cost. less any subsequcni ac¢umulaied depreciatiC and subsequent accumulated impairment losses. Depreciation and amortlsalion Depreciation is provided on tangible fixed assets so as to WTite off the cost or valuation. less any estimated r¢sidual value, over their expcct¢d uscful economic lif¢ as follows: Asset cl455 Furniture )nd equipment DepreclAtlon method and rate 200/0 reducing balance basis TrAde debtors Trade dcbtors are amounts due from customers for merchandise sold or services performed in the ordinary ¢ourse of business. Trade debtors are recognised initially at ihe iranSalon price. A provision for th¢ impairment of trade debtors is established when there is objective evidence that Ihe Charity will not be, able to collect all amounts due according to the original terms of the rxeivables, CAsh and cAgh equivAlents Cash and cash equivalen15 comprise cash on hand and call deposits. and other short-lemi highly liquid investments that are readily convertible to a known amount of cash and arc Subject to an in5igrtificanl risk of ¢hange in value. TrAde creditors Trade creditors are obligations to pay for gocds or services that have been acquired in the ordinary course of business from suppliers. Accounls payable are classified as current liabilities if Ihe charity does not have an unconditional righl at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting dale. If there 15 Bn unconditional righi to defrr settlement for at lust Iwelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortisoj cost usin8 the effective interest method. Fund structure Unrestricted income funds are 8eneral funds that are available for use at the trust¢e5'5 discr¢lion in furtherance of ihe objectives of the charity. Restricted fijnds ar¢ subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Page 10
Celebration House Notes to the Financial Statements for the Year Ended 30 September 2024 Pensions and other post rttir¢ment obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contribulions are paid into a pension nd and the charity has no legal or constructive obligation lo pay fijrther coniributions even if the nd does not hold sufficient assels to pay all employees the benefits relaling to employce servi¢¢ in the current and prior periods. Contribulions to defined contributicffi plan5 are re¢ogniscd in ihe Siatem¢nt of Financial A¢tivilies when they arc due. If contribution payments exceed the contribution due for service. ¢h¢ excess is recognised as a prepayment. 3 Income from charitable activities Unrestricted runds GenerAI Total 2024 Celebrati¢M House church 112,276 112.276 Unrestricted funds Generwl Total 2023 Celebralion 14ouse chur¢h 76,298 76,298 Pagell
Celebration House Notes to the Financial Statements for the Year Ended 30 September 2024 4 Exp¢ttditur¢ on charitAble activities Unrestricted fund$ Gener81 Total 2024 Note Celebraiion House church Depreciation, amortisation and other similar eosts Siaff costs Allocated support costs Governance costs 76.884 1.725 30,067 109 1.740 76,884 ,725 30,067 109 110,525 110,525 Unr¢stricted funds General TotAI 2023 Note Cclebraiion House church Depreciation, amort158tion and other similar costs Staff costs Governance costs 63,720 1,906 26,016 1.540 63.720 1,906 26,016 93,182 93,182 In addition to the expenditure analysed above. there are also governance costs of £1,740 (2023 £1,540) which relate directly lo charitable Activities. See note 5 for further deiails. 5 Analysis ofgovernance and support ¢osts Governance costs Unr¢$tricted funds General Totrtl ruTrds Independent examiner fees Examination of the financial statements Othtr fees paid to examiners 1,260 480 1,260 480 Totll for 2024 1,740 Total for 2023 1,540 Pa8e 12
Celebration House Notes to the Finaneial Statements for the Year Ended 30 September 2024 6 Net incomingloutgoing resources Nei incoming/(outgoing) resources for the year include: 2024 2023 Deprecialion of fixcd ass¢ts 1.725 .906 7 "frustot$ r¢mun¢r8tion and exp¢n$eJ During the year the charity made the following transactions with trustees: PAStor R A StewArt Pastor R A Stewart re1ved remuneration of £1 0,200 {2023: £10,200) during the year, Ai the balance Sheet date ihe amount due to Pastor R A Stewart was £5,532 (2023: £4,956). 8 Staff costs The a8grc8ate payroll costs were as follows.. 2024 2023 Staff Lo¥t5 during thc year were: Wa8es and salaries Pension Costs 29,654 413 25,778 238 "I'hc nioiiilily uv¢rage number ol. persons (including senior mana8emertt I Icadership l¢am) employ¢d by the charity during Ihe year expressed as full lime equivalents was as follows.. 2024 No 2023 Charity employees No employee received emoluments of more than £60,000 during the year. 9 Independent examiner'$ r¢muner4tion 2024 2023 Examination of the financial statements 1.260 1,200 Other fees to oxftmlnerg All other services 480 340 Page 13
Celebration House Notes to the Financial Statements for the Year Ended 30 September 2024 10 Tgxation The charity is a regisleral charity and is therefore ¢xempl from taxation. I l Tangible fixed assets Furniture and equipm¢nt Total Cost At l October 2023 Additions 15,294 1,004 15.294 1,004 AI 30 September 2024 Doprecigtion At l October 2023 Chargc for the year 7,672 1,725 7,672 1.725 At 30 September 2024 Net book value At 30 September 2024 At 30 September 2023 12 Debtors 2024 2023 Trpdde debtors 573 13 Cash And cash equivalent5 2024 2023 Cash on hand Cash At bank 169 99 6,272 4,115 Page 14
Celebration House Notes to the Financial Statements for the Year Ended 30 September 2024 14 Creditors: Amounts falling du¢ within one year 2024 2023 Trade crcditors Other taxation and social security Othu creditors Accruals 8,250 655 13,036 3,339 8,250 668 11.366 4,859 25,143 15 Pcnslon And other $ch¢meg Defincd contribution pension scheme The charity operales a defined conlribution pension sGheme. The pension cost ¢hargc for the year represents ¢oniributions payable by the charity to ihe scheme and amounted to £238 (2023 211). Conlribulions lolalling £(186) (2023 - £(468)) were payable to the scheme at the end of the year and are includ¢d in creditors. 16 Fund$ Balance at 30 Septemb¢r 2024 Balance At I October 2023 Incoming r¢$ourt¢$ Resources txptnded Unrestrtcted fund5 General 110525 B¥lgnce at 30 September 2023 BIlAnce at I October 2022 Incoming re50ur¢¢$ Resources expended Unrestricted funds Gcneral 4,051 12.833 Page 15
Celebration House Notes to the Financial Statements for the Year Ended 30 September 2024 17 An8lysis of net assets between fund$ Unr¢stricted funds General Total funds at 30 September 2024 Tangible fixed assets Current assets Current liabilities 6,901 7,297 25,280 6,901 7,297 25,280 Total net assets Unrestriet¢d funds General Total funds at 30 September 2023 Tangible fixed assets Curr1 a55ets cUrrt liabilities 7.622 4.688 25,143 7,622 4,688 Toial nel assets 12.833 18 Analysis of ntt funds At30 Seplcmbcr 2024 At l Octobcr 2023 FlnAnclng c8$h flows Cash al bank and in hand 4,115 2,157 Net debt At30 September 2023 At l October 2022 Fin#Deing cash nowg Cash ai bank and in hand 2,628 4,115 Net debt 4.115 Page 16
Celebration House Detailed Statement of Financial Activities for the Year Ended 30 September 2024 Total 2024 Total 2023 Income and Endowments from: Charirable activil'i¢s (analysed below) 112.276 76.298 Total income 112.276 76,298 Expenditur¢ on: Charitable &ctivities {analyscd below) 110,525 93.182 Total expcndilure 110,525 {93,182 Net incomeJ(expenditure) 16.884 Net movement in funds 1,751 (16,884) Il¢¢on¢iliAtion of fund$ Total funds brought forward Total funds ¢arriLxl forward 4.051 11,082 This page does noi form part of the ststutory financial statements. Page 17
Celebration House Detailed Statement of Financial Activities for the Year Ended 30 September 2024 TotAI 2024 TotAI 2023 Cliorilable aclivilio Tithes and donations Gift Aid tax reclaimed Other income 95,533 16,496 247 69.563 6,483 252 112,276 76.298 Cliarilable ocilvilies Materials Wages and 5alaria8 Staff pensions (Defined contributi¢)n) Minisiry Philippines Ministry Trip Rent (1,2?8> (29,654) (413) (9,161) (3,107) (33,000) {175) (14.018) (1,835) (5,627} (1,755) (415) {907) (2,705) (870) (985) (141) (955) (1,725) {109) (1.260) 480 (1,008) (25.778) (238) (3,486) (33.000) (165) {lJ,218) (1,638) (6,169) (1.553) (382) (367) (1.059) (680) (190) Water rai¢s Light, heal and power Insuranc£ Repairs and maintenan Telephone and fax Computer sotiware and rnaintenance costs Printing, postage and stationery Catering and hospitality Licences Sundry expense5 Travel and subsistence Bank ¢har8&S Depreciation of plant and machinery Other interest payable AccountAncy fees Accountanw ftes other services (805) (1,906) (1.200) 340 110.525 93,182 This page does ft)rm part of the 51alutory financial statements. Page 18