Cornpany registration number.. N1650636 Charity registration number: 107947 Association of c1￿1stIan Leaders Ltd (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 January 2023 Thomas Oliver & Associates Limited Certified Public Accountant l Moyga5hel Mi113 Park Dungannon Co Tyrone BT717DH Assoeiation of Christian Leaders Ltd Contents Reference and Administrative Details T￿stee8, Report 2to3 Independent Examinevs Report 4t05 Ststement of Financial Artivities Balance Sheet Notes to the Financial Statements 8t013 Association of Christian Leaders Ltd Reference and Administrative Details Charity Registration Number 107947 Company Registration Nujnber N1650636 The charity is incorporated in Northern Ireland. 27- 28 The Coutyard Galgorn] Castle Bailymena C(Tr Antrim BT42 IHL Re2istsrtd Offit¢ Independellt Examiner Thoma5 Oliver & Associates Limited Certified Public Accountsnt l Moygashel Mills Park Dungatjnon Co TsTone BT717DH Page I Association of Christian Leaders Ltd Trnstee$' Report The trn￿tee$. who are directors for the PU￿)seS of Company law. present the amiual report together with the financial statements of the charitable company for the year ended 31 January 2023. Objectives and *ctivities Objects ond alms During this year pmgress has continued to develop significantly, particularly online and in person as the restrictions of Covid lifte(L Fundrnising disclosur Most of the funds raised have been by of voluntary donations from donor5 wl)o have either made a one-off donation or have a monthly direct debit commitment. Applications were submitted for funds to a number of Trust fiu)ds. Funding was secured from TBF Thompson Trust Fun(L Public benef Funds have been expended on administratioffj office costs, travel and venuen￿Spits1ty cost5. This has enabled us to:. a) Hold board meeting5 b) Develop and meet wtth our volunteers c) Source content from article5 and build an online resource library d) Successfiilly run leadership development courses for leaders onltne via Zoom e) Develop the Encouragers Network O Engage with leaders in 2(>+ nations g) Provide leaders Hryth access to weekly online prayer 5UPIKJrt h) Develop the 'Wisdom DO￿￿Oad podca5t' framework TnEstees and office The trustees and officers serving during the year and since the year end were as follows: Tnjstees.. Mr Thomas Stsw3rt (resigned 5 Mar¢h 2022) M5 Audrey Curry Professor Christopher Shaw Mr James ATmstrong (resigned 5 June 2023) Mr Fergu5 Mcmoryow (appointed l Febru8ry 2022) Secretary: Mr David Preston {C¢ased l April 2022) Strncturei goventance and DJ4llagemeDt Ivqthre ofgoverning doeumenf The charity is a company limitsd by guarantee. governed by its Memordndum and Articles of Association. It has been granted ¢haritable stau5 by the Charities Colluni55ion for Northern Ireland under registration Number NIC107947. Page 2 Association of Christian Leaders Ltd Trustees, Report ststement of trustees, responsibilities The trustees (who are also the directors of AssocÉation of Christian Leaders Ltd for the puryoses of company law) are responsible for preparing tbe trustees, report and the financial statements in accordance with applicable law alld United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the ifK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law tbe trustees must not approve the financial statements unless they ore satisfied that they give a ttue and faiI view of the State of affairs of the charitable company and of the illcoming resources and application of resources. including its income and expenditure. of the charitable company for that period. In preparing these fjnallcial statements, the trnstees are required to: select suitable accounting policies and apply them consistently" observe the methods and principles in the CP￿ritieS SORP. make judgements and estitllates that aTe reasonable and prndent. state whether applicable accounting standards, comprising FRS 102 have been followe4 subject to any material departure5 disclosed and explained in the financial ststements" and prepare the financial statements on the going concern basi5 unless it is inappropriate to presume that the Ch￿[table company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at ally time the fiJMncial position of the charitable company and enable them to ensure that the financial ststements compty with the Companies Act 2006. They are also responsible for safeguarding the &ssets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable ¢ompanVs website. Legislation governing the preparation alld dissemination of financial statements may differ from legislation in other jurisdictions. The annual report was approved by the t￿￿teeS of the charity on 3 October 2023 and signed on its behalf by: MrFe Trustee cmorrow Page 3 Association of Christian Leaders Ltd llldependent Examiner's Report to the trustees of Association of Christian Leaders Ltd ('the Company,) I report to the charity trustees on my examination of the acwunts of the Company for the yrdr ended 31 January 2023. Respective responsibitities of truste¢5 And examiner As the charity's trustees of Association of Christian Leader5 Ltd (and also its directors for the pury)oses of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Having satisfied myself that the accounts of Association of Christian Leaders Lld are not required to be audited under section 65 of Charities Act (Northern) ￿eland 2008 and that an independent examination is needed. It is my responsibility to:. - examine the accounts under sethion 65 of the Charxties Act - to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65 (9){b) of the Charities Act - to stste whether parttcular matters have come to my attention Basis of Independent EuDJiDers' Report I have examined your charity accounts as r4utred under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission foT Northern Ireland under section 65(9)(b) of the Charities Ad. An examination included a review of the accounting records kept by the charity and a comparison of the ounts presented those records. It also included consideration of any unusual items or disclosures in the accounts. and seeking expalnations from the trustees wncerning any such matters.. I confum that no matters have come to my attention in connection with the examination giving m¢ cause to believe: l. That accounting records were not kept in respect of Association of Christian Leaders Ltd as required by srftion 63 of the Charities A¢ or 2. That the a¢counts do not accord with those records. or 3. That the accounts do not o)mply with the accounting requirements of the Charities ACL 4. That there is further infonnation needed for a proper understanding of the accounts tobe reached. Page 4 Association of Christian Leaders Ltd Independent Examiner's Report to the trustees of Association of Christian Leaders Ltd ('the Company,) Illdependellt Examiner's Statement I have completed my examination and have no Concerns in respect of the matter (l) to (4) listed above and in connections with the following directions of the Charity Commission for Northern Irelan￿ I have found no matters that require dra￿ryn8 to your attention Oliver and Associates Limited ertified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH 3 October 2023 Page 5 Association of Christian Leaders Ltd Statement of Financial Activities for the Year Ended 31 January 2023 cluding Income and Expenditure Account alld Statement of Total Recognised Gains and Losses) Unrestricted funds Totsl 2023 Note Income and Elldolvmeuts from". Donations 8J)d legacies 9.044 TotsI income 9.044 9,044 Expenditure on: Raising funds Charitable activities (7,740) (270 (7,740) {270) Total expenditure (8.010 (8,010) Net incom¢ 1.034 1,034 Net movement in fimds 1,034 1,034 Reeonciliation of funds Total funds brought fonvard 786 786 Total fiU￿S carried forward li 1.820 1,820 Totil 2022 Unrestricted runds Note Income and Endoivments from". Donations and legacies Investsnent income 2,667 2,667 Total income 2,669 2.669 ExpeDdi¢utt on: Raising funlts Charitable activities (5.268) 312 (5,268) (312) Tota] expenditure (5.580 (5.580) Net expendittjre Net movement in fiu)ds (2,9E I) (2,911) (2,911) (2,911) Reconciliation offuLds Total funds brought fonvard Total funds caThied forward 3,696 3,696 li 785 785 All of the charity's activitie5 derive frorn continuing operdtions during the alK)ve two P¢Tiod5. The fimd8 breakdowi for 2022 is shown in note I l. The notes on page5 8 to 13 forn] an integral part of these financiaI statements. Page 6 Association of Christian Leaders Ltd (Registration number: N1650636) Balance Sheet as at 31 January 2023 2023 2022 Note Fixed assets Tangible assets 495 809 Current asset5 Cash at bank and in hand 1.878 259 Creditors: Amounts falling due within olle year Net current assetsloiabilities) Net assets io 553) 283) 1.325 24) 1.820 785 Funds of the ¢barity: Unrestricted income funds Unrestricted funds 1,820 785 Totsl fund5 li 1,820 785 For the financial year ellding 31 January 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not iequired the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acl(nowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The finan¢ial statements on pages 6 to 13 were approved by the ITUStees, and authorised for issue on 3 October 2023 and signed on their behalf by: gus Mcmorrow Tn￿tte The notes on pages 8 to 13 forni an integral part of these fjnancial ststements. Page 7 Association of Christian Leaders Ltd Notes to the Financial Statements for the Year Ended 31 January 2023 I Charity statu5 The charity is 12mited by guarantee, incorporated in Northem Irelan￿ and consequently does not have share capitaI. Each of the trustees is liable to ￿ntrIbute an amount not exceeding £Nil towards the assets of the ¢harity in the event of liquidation. The address of its registered office is". 27- 28 The Courtyard Galgorni Castle Ballymena Co Antrim BT42 IHL These fmancial statements were authorised for issue by the trustees on 3 October 2023. 2 Ateounting policies Summary of 5ignifAcant accollnting policies and key aecounting estimRte5 The principal accounting tK)lici¢s applied ill the prepardtion of these financial statements are set out below. These policies have been consistently applied to all the years presented. unless otherwise stated. Ststement of compliallce The fmancial statements have been prepared in accordance with Accounting ond Rep)rting by Charities: Ststement of Recommended Prnctice (applicable to charities preparing their accounts in accordatice with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis ofprep•ration Association of Christian Leaders Ltd meets the definition of a publiG benefit entity under FRS 102. Assets and liabilities are initially recogtltsed at historical cost or transaction value unless othenvise stated in the relevant a￿oUntIng policy notes. Going concern The trustees ¢onsider that there are no material uncertainties about th¢ tharity5 ability to continue as a going concern nor aoy significant area5 of uncertainty that affert the canying value of &55¢ts held by the charity. Ineome and endowmellts All income is recognised once the charity has entitlement to the income. it is probable that the income Mll be received and the amount of the incorne receivable cau be measured reliably. Donations and legad Donation5 are recognised when the clwity has been notified in MTiting of both the amount and settlement date. In the event that a donation is subject tr) conditions that require a level of perfoman¢e by the charity before the harity is entitled to the funds. the illcome is deferred and not recogtli5ed until either those conditions are fjjlly mel or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled tn the retx)rting period. Page 8 Association of Christian Leaders Ltd Notes to the FiJJancial Statements for tbe Year Ended 31 January 2023 InV￿th￿nt incopne Dividends are recognised once the dividend has been declared and notification ba5 been received of the dividend due. Expenditsre All expenditure is recognised once there is a legal or wnstructive obligation to that expendittwe. it is probabl¢ settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed tr) particular headings they have been allocated on a basis (x)nsistent with the use of resources, with ¢entral staff costs allocated on the basis of time spenL and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Rthingfvndy These are costs incurred in attracting voluntary income, the management of invesknents and those incurred in trading activities that raise funds. GoverDallce costs These include the costs attributable to the charity's compliance w2th wnstitutional and Statutory requirem¢nts, including audiL strategic management and tThstees meetings and reimbursed expenses. TaxatioD The charity is considered to pass the tests sel out in PaTagrdph I Schedule 6 of the Finance Ad 2010 and therefore it meets the definition of a charitable company for UK corporation t&Y purposes. Accordingly. the charity is potentially exempt from t￿tIOn in respect of income or capital gains received within categories covered by Chapter 3 Part i i of the Coryyoration Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such In￿Me or gains are applied exclusively to charitable purposes. Tangfible fixed as$¢ts Individual fixed assets costing £150.00 or more are initially recorded at cosl less any subsequent acaunulated depreciation and subsequent accumulated impaimient losses. Depreciation and amorti5ation Depreciation is provided on tangible f￿ed assets so as to ThTite off the cost or valuation. less any estimated residual value. over their expected useful economic life a5 follows: Asset class Office Equipment Depreciation method and rate 20°h straight line Cash and casb equivalent5 Cash and cash equivalents LX)mprise cash on hand and call deposit5, and other short-tem highly liquid investments that are readily convertible to a knoHTA amount of cash and are subject to an insignifiGant Tisk of change in value. Page 9 Association of Christian Leaders Ltd Notes to the Financial Statements for the Year Ended 31 Jalluary 2023 Trade creditors Trade creditors are obligations to pay for g(K)ts 01 services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional righl at th¢ end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve month5 after the reporting date, they are presented as non