Company registration number: NI645354 Charity registration number: 107975
New Ground Ireland Limited
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 April 2025
Thomas Oliver and Associates Limited Certified Public Accountant 1 Moygashel Mills Park Dungannon Co Tyrone BT71 7DH
New Ground Ireland Limited
Contents
| Reference and Administrative Details | l |
|---|---|
| Trustees’ Report | 2 to3 |
| Independent Examiner's Report | 4 to 5 |
| Statement ofFinancial Activities | 6 to7 |
| Balance Sheet | 8 |
| NotestotheFinancialStatements | 9to15 |
New Ground Ireland Limited
Reference and Administrative Details
Charity Registration Number 107975 Company Registration Number NI645354
The charity is incorporated in Northern Ireland. Registered Office 6 The Meadows Annaghmore Portadown BT62 1AJ Accountants Thomas Oliver and Associates Limited Certified Public Accountant 1 Moygashel Mills Park Dungannon Co Tyrone BT71 7DH
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New Ground Ireland Limited
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 30 April 2025.
Objectives and activities
Public benefit
The principal activities remain those of fund raising for religious and charitable purposes and focused on four key areas of Ministry:
Disciple Making
The primary ministry of New Ground Ireland is to make disciples of Jesus who will also become disciple makers.
Journeying one-on-one with people and training them to lead discovery groups where some key contacts live.
Training
We have continued developing our friendships with partners in South Africa and USA. Another partnership has been developing with Forge Ireland, an organisation which provides training for pioneers.It has been very encouraging to see trainees begin to pursue their dreams and fulufil their purpose in various projects and pioneering initiatives
Pioneering Outreach Ministry
Our friendships continued with many throughout Ireland during this period. However, while training will be provided to churches and individuals through Ireland, our focus will be in Mid-Ulster.
Also, we have begin to actively explore a pioneering base in Mid-Ulster. We intend to pursue this further as we consider specific steps.
Fund Raising
During this period we have been building relationships with individuals,, Charitable Trusts, churches and some businesses who havea desire to help finance our ministry.
We have found this to be increasingly challenging.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mrs Karen Oliver Mr Andrew Murdock Mr David Legge
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New Ground Ireland Limited
Trustees’ Report
Structure, governance and management
Organisational structure
The charitable company is a company limited by guarantee, not having share capital.
The charitable company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
Statement of trustees' responsibilities : The trustees (who are also the directors of New Ground Ireland Limited for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ofIreland”.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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° observe the methods and principles in the Charities SORP* make judgements and estimates that are reasonable-and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed-and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to.ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets 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 company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on 19 January 2026 and signed on its behalf by:
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a
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Mrs Karen Oliver : Trustee
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New Ground Ireland Limited
Independent Examiner's Report to the trustees of New Ground Ireland Limited (‘the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2025.
Respective responsibilities of trustees and examiner
As the charity’s trustees of New Ground Ireland Limited (and also its directors for the purposes 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 New Ground Ireland Limited are not required to be audited under section 65 of Charities Act (Northern) Ireland 2008 and that an independent examination is needed. It is my responsibility to:-
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examine the accounts under section 65 of the Charities 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
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to state whether particular matters have come to my attention
Basis of Independent Examiners' Report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.
An examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking expalnations from the trustees concerning any such matters.. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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That accounting records were not kept in respect of New Ground Ireland Limited as required by section 63 of the Charities Act; or
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That the accounts do not accord with those records; or
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That the accounts do not comply with the accounting requirements of the Charities Act.
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That there is further information needed for a proper understanding of the accounts tobe reached.
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New Ground Ireland Limited
Independent Examiner's Report to the trustees of New Ground Ireland Limited (‘the Company’)
Independent Examiner's Statement
I have completed my examination and have no concerns in respect of the matter (1) to (4) listed above and in connections with the following directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention
Thomas Oliver and Associates Limited Certified Public Accountants
19 January 2026
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New Ground Ireland Limited
(Including IncomeStatementand ofExpenditure Financial ActivitiesAccount for and theStatement Year Endedof Total 30 AprilRecognised 2025 Gains and Losses)
| Unrestricted | Total | ||
|---|---|---|---|
| funds | 2025 | ||
| Note | £ | £ | |
| Income and Endowments from: | |||
| Donations and legacies | 3 | 2,520 | 2,520 |
| Total income | 2,520 | 2,520 | |
| Expenditure on: | |||
| Raising funds | 4 | (3,600) | (3,600) |
| Charitable activities Other expenditure |
5 6 |
(610) (2,504) |
(610) (2,504) |
| Total expenditure | (6,714) | (6,714) | |
| Net expenditure | (4,194) | (4,194) | |
| Netmovement in funds | (4,194) | (4,194) | |
| Reconciliation offunds | |||
| Total funds brought forward | 10,875 | 10,875 | |
| Total funds carried forward | 14 | 6,681 | 6,681 |
| Unrestricted | Total | ||
| funds | 2024 | ||
| Note | £ | £ | |
| Income and Endowments from: | |||
| Donations and legacies | 3 | 7,260 | 7,260 |
| Total income | 7,260 | 7,260 | |
| Expenditure on: | |||
| Raising funds | 4 | (3,550) | (3,550) |
| Charitable activities | 5 | (533) | (533) |
| Otherexpenditure | 6 | (3,622) | (3,622) |
| Total expenditure | (7,705) | (7,705) | |
| Net expenditure | (445) | (445) | |
| Netmovement in funds | (445) | (445) | |
| Reconciliation offunds | |||
| Total funds brought forward | 11,328 | 11,328 | |
| Totalfundscarriedforward | 14 | 10,883 | 10,883 |
The notes on pages 9 to 15 form an integral part of these financial statements. Page 6
New Ground Ireland Limited
Statement of Financial Activities for the Year Ended 30 April 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 14.
The notes on pages 9 to 15 form an integral part of these financial statements. Page 7
New Ground Ireland Limited
(Registration number: N1I645354) Balance Sheet as at 30 April 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 1] | 5,346 | 6,817 | ||
| Current assets | |||||
| Cash atbankand inhand | 12 | 2,326 | 4,480 | ||
| Creditors:Amounts fallingduewithinoneyear | . | 13 | (991) | (414) | |
| ’ | Netcurrentassets | 1,335 | 4.066 | ||
| Net assets | 6,681 | 10,883 | |||
| Funds ofthe charity; | |||||
| Unrestricted income funds | |||||
| Unrestricted funds | 6,681 | 10,883 | |||
| Totalfunds | 14 | _6,681 | 10,883 |
For the financial year ending 30 April 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records .and the preparation of accounts.
The financial statements on pages 6 to 15 were approved by the trustees, and authorised for issue on 19 January 2026 and signed on their behalf by:
Mrs Karen Oliver Trustee bd ff a
The notes on pages 9 to 15 form an integral part of these financial statements. Page 8
New Ground Ireland Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
1 Charity status
The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.
The address of its registered office is: 6 The Meadows Annaghmore Portadown BT62 1AJ
These financial statements were authorised for issue by the trustees on 19 January 2026.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial ReportingSORP Standard applicable in the UK and Republic ofIreland (FRS 102)) (issued in October 2019) - (Charities the Companies(FRS 102)),Act 2006.the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and
Basis of preparation
New Ground Ireland Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
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New Ground Ireland Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the 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 conditions will be fulfilled in the reporting period.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable 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 to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £250.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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New Ground Ireland Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
Trade 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 the charity does not have an unconditional right, at the 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 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 amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of[the] liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
3 Income from donations and legacies
| Unrestricted | ||
|---|---|---|
| funds | Total | |
| General | funds | |
| £ | £ | |
| Donations and legacies; | ||
| Donations from individuals/charitable trusts | 2,520 | 2,520 |
| Total for2025 | 2,520 | 2,520 |
| Totalfor2024 | 7,260 | 7,260 |
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New Ground Ireland Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
4 Expenditure on raising funds
a) Costs of generating donations and legacies
| Unrestricted | ||||
|---|---|---|---|---|
| funds | Total | |||
| General | funds | |||
| Note | £ | RS | ||
| Other direct costs ofgenerating voluntary income | 3,600 | 3,600 | ||
| Total for 2025 | 3,600 | 3,600 | ||
| Total for 2024 | 3,550 | 3,550 | ||
| 5 | Expenditure on charitable activities | |||
| Unrestricted | ||||
| funds | Total | |||
| General | funds | |||
| Note | £ | £ | ||
| Governance costs | 7 | 610 | 610 | |
| Totalfor2024 | 533 | 533 |
In addition to the expenditure analysed above, there are also governance costs of £610 (2024 - £533) which relate directly to charitable activities. See note 7 for further details.
6 Other expenditure
| Unrestricted | |||
|---|---|---|---|
| funds | Total | ||
| General | funds | ||
| Note | £ | £ | |
| Depreciation, amortisation and other similar costs | 1,474 | 1,474 | |
| Other resources expended | 1,030 | 1,030 | |
| Total for 2025 | 2,504 | 2,504 | |
| Totalfor2024 | 3,622 | 3,622 |
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New Ground Ireland Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
7 Analysis of governance and support costs
Governance costs
| Unrestricted | |||
|---|---|---|---|
| funds | Total | ||
| General | funds | ||
| £ | £ | ||
| Independent examiner fees | |||
| Examination ofthe financial statements | 576 | 576 | |
| Other governance costs | 34 | 34 | |
| Total for 2025 | 610 | 610 | |
| Totalfor2024 | 533 | 533 |
8 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
9 Independent examiner's remuneration
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2025 2024
£ £
Examination of the financial statements 576 498
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
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New Ground Ireland Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
11 Tangible fixed assets
| Furniture and | ||
|---|---|---|
| equipment | Total | |
| £ | £ | |
| Cost | ||
| At 1 May2024 | 9,365 | 9,365 |
| At 30 April 2025 | 9,365 | 9,365 |
| Depreciation | ||
| At 1 May 2024 | 2,546 | 2,546 |
| Charge for the year | 1,473 | 1,473 |
| At 30 April 2025 | 4,019 | 4,019 |
| Net book value | ||
| At 30 April 2025 | 5,346 | 5,346 |
| At 30 April 2024 | 6,819 | 6,819 |
| 12 Cash and cash equivalents | ||
| 2025 | 2024 | |
| £ | £ | |
| Cash at bank | 2,326 | 4,480 |
| 13 Creditors: amounts falling due within one year | ||
| 2025 | 2024 | |
| £ | £ | |
| Trade creditors | 541 | < |
| Accruals | 450 | 414 |
| 991 | 414 |
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New Ground Ireland Limited
Notes to the Financial Statements for the Year Ended 30 April 2025
| 14 Funds | |||||
|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at30 | ||
| May2024 | resources | expended | April2025 | 2025 | |
| = | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | 10,875 | 2,520 | (6,714) | 6,681 | |
| Balance at 1 | Incoming | Resources | Balance at30 | ||
| May2023 | resources | expended | April | 2024 | |
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General | 11,328 | 7,260 | (7,705) | 10,883 | |
| 15 Analysis ofnet funds | |||||
| Financing cash | At30 April | ||||
| At 1 May2024 | flows | 2025 | |||
| £ | £ | £ | |||
| Cash atbank and in hand | 4,480 | (2,144) | 2,336 | ||
| Netdebt | 4,480 | (2,144) | 2,336 | ||
| Financing cash | At 30 April | ||||
| At 1 May2023 | flows | 2024 | |||
| £ | £ | £ | |||
| Cash atbankand in hand | 5,454 | (974) | 4,480 | ||
| Netdebt | 5,454 | (974) | 4,480 |
16 Related party transactions
There were no related party transactions in the year.
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New Ground Ireland Limited
Statement of Financial Activities by fund for the Year Ended 30 April 2025
Unrestricted Funds
| Total | Total | |
|---|---|---|
| Unrestricted | Unrestricted | |
| Funds | Funds | |
| 2025 | 2024 | |
| £ | £ | |
| Income and Endowments from: | ||
| Donations and legacies | 2,520 | 7,260 |
| Total income | 2,520 | 7,260 |
| Expenditure on: | ||
| Raising funds Charitable activities Otherexpenditure |
(3,600) (610) (2,504) |
(3,550) (533) (3,622) |
| Total expenditure | (6,714) | (7,705) |
| Netexpenditure | (4,194) | (445) |
| Netmovement in funds | (4,194) | (445) |
| Reconciliation offunds | ||
| Total funds brought forward | 10,875 | 11,328 |
| Totalfundscarriedforward | 6,681 | 10,883 |
This page does not form part of the statutory financial statements. Page 16