Company registration number.. N164149J Charity registration number.. 10784) Living Branch Ministries known as The Way Bible College (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 June 2023
Living Branch Ministries known as The Way Bible College Contents Reference and Administrative Delails Trustees, Report 2109 Independent Examiner's Report 10 Staiemeni of Financial Activities Balance Sheet 12 Notes to the Financial Statements 13to 18
Living Branch Ministries known as The Way Bible College Reference and Administrative Details Trust¢¢s Jeannie Diane Hartley Mallory Anne Richardson Sainuel Patrick Hartley Bruce Richardson Secretary Samuel Patrick Hartley Charity Registration Number 107843 Company Registration Number N1641493 Re%istered Olee 43 F.&41 Mount Newtownards BT23 8SE Jidependent F.xaminer Mr John Hoyle 4 Brackenwood Drive Belfast BT8 6SQ Page I
Living Branch Ministries known as The Way Bible College Trustees, Report Trustees and officers The trustees and officers serving during the year and since the year end were as follows.. Trustees.. Jeannie Diane Hartley Mallory Anne Richardson Samuel Patrick Hartley Bnlce Richardson (appointed 16 March 202i) Secretary: Samuel Patrick Hartley Statement of trustees, responsibilities The Irusiees (who are also ihe directors of Living Branch Ministries for the purposes of company law) Ill-e responsible for preparing the trustees, report and tlie financial siaiL'iiients in acLordai)Le witli appl iLable law aiid Uniied Kingdom Accounting Standards (United Kiiigdom Generally Accepied Accounting Pi'aclice). includ iiig FRS 102 'Tlie Financial Reporting Standard applicable in Ihe UK and Republic of Ireland" Tlie I'epori and accounts have been prepared in accordance with Ihe provisions in the Coinpanies Aci 2006 relatiiigy 10 sinall companies. Company law requires the truslees to prepare financial siatements for each financial year. Uiidcr coiiipany law the Ii'u5tees musi noi approve the financial Siatgmei)ts unless ihey are satisfied Ihal they give a true aiid fail. vie of Ihc slate of alTairs of the charitable company and of Ihc incoming resources and applicaiion of I'esources, includin<Y ils income and expenditure, of the charitable company for tl)ai period. In preparing tliese fiiiaiicial slateinents, the trustees are required to.. select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP: Inake judgements and estiinates tliat are asonable and pnidenl. slate wl)eil)er applicable accounting standards, conipri5ing FRS 102 have been followed, subject lo any material dcpartures disc105ed and explained in ihe financial Sthfeinents; and prepare th¢ financial slatemenls on thc going concern basis unless il is inappropriate to presuine Il)al tli¢ charitable company will continue in business. The trustees are responsible for keeping proper accounting records ihat can disclose with reasonable accurac)i al any time the financial p051tion of the charilable coinpany aiid enable ihein 10 ensure that tlie fiiiancial slaleini'iitq compl) with the Con)panies Aci 2006and Charities Aci (Nor(hern Ireland} 2008. They are also respoiisible foi. safeguard ing the assets of the charitable company and hence for laking reasoiiable steps for tlie preveiitioll <ind detection of fraiid and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial inforniation incliided on the charitable company's websiie. Le(yislation governing the preparation and disseniiiiation of financial slalemenls may differ from legislation in other jurisdictions. Sm4111 companies provision statement Tl)is report has been prep¢ir¢d in acrordance with the small companies regime under the Companies Act 2006. Page 2
Living Branch Ministries known as The Way Bible College Trustees, Report The annual Teport was approved by the trustees of the charity on 29 February 2024 and signed on its behalf by.. Samuel Patrick Ha Coinpany secretary and trustee
Lii'ing Branch Ministries known as The Way Bible College Trustees, Report Report of the trustees (including Directors report) for the year ending )0 June 2023 The Trustees and Directors of the chariiable compaiiy for the purposes of tlie Coinpanies Act ?006, have pleasure in presenting tlieir report with the unaudited financial slatemenls of the charitable compaiiy for tlic year ended JO June 2023. The Trustees have adopted the provisions of Accounlino and Reporting by Charilics.. Statement of Recoinmended Practice applicable to charities prcparin their accounts in accordance with tlie Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021, effective l .lai)uai'y ?019 (Charities SORP 2019 (FRS 102)). in preparing the aniiual report and fiiiancial StatelentS of ihe cl)ai'itable company, which are 1¢ Iso prepared to meet ihe requirements for a directors, repon and accounts for coinpany aiid charity law purposes. REFERENCE AND ADMINISTRATIVE DETAILS Company Registration number N1641493 {Northern Irelaiid) HMRC Charity Registration number NIOI150 Cliarity Cominission foi. Nl Registration number NIC10784i Registered office 43 East Mounl Newtownards BT2J 8SE Directors The Directors who served the charitable company during the year and up to Ihe date of approval were as follows.. Diane Hartley Sam Hartley Mallory Richardson Bruce Richardson (appoiiited 16 March 2023) Page 4
Living Branch Ministries known as The Way Bible CoIlege Trustee5' Report Independent Examiner John Hoyle FCCA 4 Brackenwood Drive Belfast BT8 6SQ Bankers Ulster Bank 11-16 Donegall Sq East Belfast BTI SUB STRUCTURE, COVERNANCE AND MANAGEMENT Governing docliment Living Branch Ministries formed a company limited by guarantee. witli conipany number N1641493 011 17 October 2016 and registered as a charity with ihe Charity Commission for Northeni Ireland NIC10784) 011 17th May 2021 The company is governed by its Articles of Association. Organisalional structure Living Branch Ministries has a Board of Trustees which meets formally a miniiiiuin of twice a yeai. aiid is responsible for the strategic direction and policy of the charity. There were two meetings of the dircclors in this accounting period. For the period covering thi5 report the Board had four members. The day-to-day Inana(vement and operation of activities is carried OLII by thc founders of Livin(p Branch Ministries Sain and Diane H¢?rtley. Recruilinent and Appointment of Board of Directors The Directors of the company Sam and Diane Hartley are also charity Trustees for tlie purposes of cliarity law. Tlie Directors of the compan), are elected throuoh the consideration of oiher Direclors and biG sed ui)oii examination of Iheir Christian faith, character and conduct. Tlie preseiit Directoi's liave a gvood knowled(Fe of the ministry, how it operates and its plans and vision for the fijture. They have sliowii 5ti-ong, leadei'sliip iii Ilieii. contribution to the decision makino within the ministry as well as in how Il)ey serve in the iiiiiiistry in tei'iii% of leadin(J and parti¢ipation in various a5pe¢ls of the ministry. They are keen ¢0 ensure that tlieir coniribulion, and that of the ministry it.%elf alwavs benefils and adds value to those iinpacted by l.ivints Branch Ministries. Tlie Directors are committed to the minislry, as evidenced by their contribution as Directors, attendance at iiieeliiigs and how they help others within the ministry. Page 5
Living Branch Ministries knoivn as The Way Bible College Trustees, Report Risk Management The Board has assessed the major risks to which the charitable company is exposed. in particular those related to its operations and finances. and systems and procedures have been established 10 mitigate tliosc risks. PUBLIC BENEFIT STATEMF.NT The Trustees have complied with the duty to have due regard to the Charity Comnii5sion for Northern Ireland's statutory guidance on the public benefit requirement issued under the Charities Act {Nl) 2008. OBJECTIVES AND ACTIVITIES The year to 30 June 202J has been one of continued charitable activities and provision of Public Benefit in niany areas. The Trustees would like to thank all volunteers. staff. and all involved with tlie Charity's activities this year. In this operating year Living Branch Ministries continued iheir Tuesday evening Bible study with the use ot- Zooin which enables the group lo meet as many would not be able to atlei)d because of Iravel difficulties. The Way Bible College continues io use the premises of Urban Grace Church York Road Belfilsl. The Trustees would like to iliank Pastors. Craig and Tracey Seawrighi for their Coliiinued support. The college is regiilg( led and accrediied by Open College Nelwork Northcrn Ireland. Our aim is 10 makc leaming acce.%sible and affordal)le lo anyone who wishes lo learii l)oiv 10 ful ly realise theii. Polenlial throu .h undersiaiiding scientific and biblical principles ihai goverii life lo enliance tlieir own qlialily of life and develop their Ciod-bFivei) purpose. The course is designed to unlock and nurture poleiirial thal 4liideiits Ill<iy not have hiid previous opportunity lo develop but also can build on previous le(irning that students i?iay iiol have had 11)e opportunity lo lake fonvard and use. The course is open lo anyone with a desire to learn. Accessibility to the course is of paramount importance io us, therefore we offer 3 leaniing pathways IEiidoi'sed OCN cDui'5es at level% 3 and 2 (and a Certificate of Attendance for those who feel they are iiol aeadeinically inclined but wish to leam)]. The specilic aims and objectives of Living Brdnch Ministries are as follows.. The prevention or relief of poverty The advanceinenl of ¢ducation The <idvan¢ement of religion The relief of those in need by reason of youth, age, ill-health, disability. financial liardship oi. otlier disadvantage Page 6
Living Branch Ministries
known as The Way Bible College
Trustees, Report
ACHIEVEMENTS AND PERFORMANCE
Below is a brief report on how Living Branch Ministries has fulfilled our aiins and objectives:
The
reventi
r relief of
overt
The above objective has been met by-
We are committed to improving the quality of life of individuals through teaching principles thal develop
potential (i.e. understanding personal worth ihrough identity) and teach life skills that serve to protect life (i.e.
setting boundaries in life), build confidence (i.e. through idenlifying and utilising iintapped skills). We believe
that if we equip individuals with skills ihey can use to improve einployabiliiy ai)d/or for personal developiiieiil
then thi5 serves to devclop all area5 of lifc.
A nuiiiber of our student5 are froin disadvantaged economic back.grounds and do not have access to coinputers
or iniemel. We are currently workino wilh Ihese students to teacli tliein ba.sic word proceqsii)(F skill% usii)b
borrowed equipment.
We are also working with students who have a hi510ry of addiction, sign postiiig, Inakingy I'eferrals aiid offei'iii
ontinued support and educating on its harniful effects and boundary seiiing. We also include life skil15 traiiiing
such as budgeting.
Tlie i)dv
Living Branch Ministries known as The Way Bible College Trustees, Report The purpose of the College is to help teach people their true identitie5 accordints to God's original blueprint foi. their life and scienlific principl¢s. Wc aim To eqLliP people to chai)ge establ ished negative thiiiking paiieriis and replace them wilh healihy productive ones thal M'ill help individual overcome challenging circuinstaiices. We believe that what we offer is a unique integrated learning experience lo coinbiiie coiitextual biblical kiiowledge with related practical teachino that equip students to find and establisli tlieir destin51 and puiyose, ii,l)ilst build iiio character and confidence to ¢mpoiver them to makc ncccssary adjustinents to eiihance Ilicir qualit!, of life. improve relationships. reduce stress and improve crnployability opportunities. The relief of those in need ill-heal Innneii11 11ard lil r othei- The above objective has been met by: We cUentlY have arouiid 15 sludenls with a mix of full aiid part-tiine Students. Curreiit studeiits al-e froin various background5, abilities, and cultures. We have 6 different narionalilies represented iviiliin Il)j8 (Fi'oiip IEiiglish. Irish. Filipino, Finnish, African and CJermaii] with 4 students having English as iheir secoiid langiia(Fe. Ai least seven students are over 65 years of age. The college has several siudeiiis ivitli disabilities wliicli are all catered for. Fut Pl*1 We envisage continued growth of tlie College as current sludents have reported significaiit iinproveinent in Ilieii. menial health, ability lo sei healthy boundaries and general siabiliiy in theii. Ivell-being and copiiiu iyjil) lifL s challenges. M1< ny have observed Ihat the Colleoe provides a safe plaLe witli a Loiniiiunily cglinospI)ei'e. It u.'oiild be Olir hope tlial we will contiiiue lo grow and provide this wide variety of %upport ai)d educalioi) iii liiriire vear%. We hope 10 seciire our own preinises to facililale Ilie projected expaiision. FINANCIAL REVIEW Fiiiiincial Posiiion The accotjnts on pages 11-18 set out the income and expendilure of the chariiable coinpany, as well as its financial position at the year end. The accounts show an overall deficit of £1,521 for the year in unrestricted funds, Ihere being no restricted fuiids. The total unresiricied funds are £i,699 as at Joth June 2023. Concern After makinn appropriale enquiries. the Truslees have a reasonable expectation that the charitable coinpaiiy lias adequate resoiirces to conliiiue in operational existence for the foreseeable fuiyre. For this reasoii. Iliev coiiliiiue lo adopt the (Foinfy concern b85i.s in preparing the financial slalenien15. Further details regarding Ilie adoplioii of the going concern basis can be found in the AccountinfJ Policies. Page 8
Living Branch Ministries known as The Way Bible College Trustees, Report STATEMENT OF TRUSTEES, RESPONSIBILITIES The I'rustees and the Directors of Living Branch Ministries for the purposes of coinpany law are respoiisible for prepariiig the Report of the Truslees and the financial statements in accordance witli applicable law aiid United Kingdom Accounting Standards {Uniied Kingdom Generally Accepted Accountin Practice). Company law require.s the Directors lo prepare financial statements for each financial year which give 2 frue and fair view of the state of affairs of the charitable compaiiy and of the inconjing resources and applicatioii of resources, includino ihe inconie and expenditure, of the charitable company for tliat period. In prepariiig those rinancial sialements, the Direclors are required to Select suitable accouiiting policies and then apply them consistenily. Observe the Inethods and principles in the Charity SORP 2015 (FRS102). Make judgemenis and eslimales that are reasonable and prudenl. State wheiher clpplicable Uniled Kin.dom Accounting Siandards liave been followed. subject to any Inaterial departui'es disclosed and explained in the financial stateinenis. IPrepare ihe fin<incial siaiemenls on ihe going concem basis uiile5S It is inappropi'iaie io Ipi'esuine that the charilable con)pany continue in operation. The Directors are responsible for keeping adequate accountin(F records which disclose with reasonable accLifilC!' ai any time the fiiiai)cial position of the charitable compaiiy and cnable tl)ein to ensure Ilial Ilie fiiiaiiciiil sialcincnts comply with the Coinpanies A¢1 2006. They are also respoiisible for safeguardiiig, tl)e a%seis ot Il)e charilablc company l< nd hence for taking reasonable steps for the prevention and detection of fraud and oihei. irregularities. INDEPENDENT EXAMINER John Hoyle FCCA will be proposed for re-appointment at tlie forthcoming Annual Geiieral Meeting. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relalinLF to small companies. Approved by order of the board Of Trustees 29 February 2024. Sam Hartley Director -£X Diane Hartley Director Page 9