Drop Inn Mlnlstrles Llrnited Tnee¢ Annual Report IlncludFng Dlrectors Report) Year Ended 30 Septrmber2022 TheTrustees and Directors present thelr report and the audlted flnanaal ststements of Drop Inn Mlntstrfes Limlted tof the year ended 30 September 202Z The Trustees and Dlrettors have adopted the prov15ions of the Ststement of Recommended PTattice ISORP) 'A¢countlng and Reportln& by Charitle< IFRS 1021 In prepèring the annud report and financlal stètements ofthe tharfty and company. TTUStees otthe tharfty The trustees who haveserved duriyjg the year were as follow.- Mr Ronald Dawson Mr Neville Gaand MrThtsmas Stewart The trustee5 meet quarterlyto l$cuSs.the board strategy, the 'day ts da adminlstratsan is delegated to the director and the stsff leadershlp tezm. Structure, governan and management The tharitvs Trustees formed Drop Inn Mlni5tries knrnited which was in¢tsrporated as a ¢omp3ny Imited by guarantee on 11 December 2017. The charfty ConnUed In Sts prevlou5 fomat unll l October 2019 when ittrdnsferied artlvities and assets to the Company. The charlty is registered wlth The ¢Jarffjes Commlssionfor Northern Ireland IRegistered number1016941.Thecompany is controlled by Its tru5tee5 who are director5 of the ¢ornpany for the purposes of the Companles Att 2D06 and is governed by the provislons contalned In the.Memorandum and Arti¢le5 of A5$0Ci¥tlon. AII tN5tees are meml>er5 and dlrectors of the Charitable Companyand stand as guarantors ofthe ¢harftable company Inthe sum of£lQeath. Th£ are ¢urrently4 trustees and dlrector5 of the ¢harlty and campanv. Objectives and Actlvltles The compart$ oblects 3re: To advance the Christian [10 forthe benefit of the publS¢ln the area of benefiL A5sociatingtDgetherthe seld inhabitants and the local authoTtties voluntary and other organlsatlons In the area of benefit In a Cornmvn effort to relieve poverty and aoljance educ3tlon and to provlde fadlltles In the IMtere5ts of welfare with the oblect of improving the conditsons of Ilfe for the sald inhabitrnts. The prIndpal artlvltles of rhÈ thortty are to equlp and moblllse people for mlsslon, and to brlng hope. help and healing to the hurtin8world through the operation of various human5tsrlan prolects. The prolects are financed thfQU8h surplus funds generated bythe operatlon of numerou5 chartyshops. varfausdonations. spon50rship• andfvndraislngartlvities. Page 3
Drop Inn Mlnlstries Umited Trustee< Annual Report (Inclttdlng Dlrectors Report) continued Year Ended 30 September 2022 Headquarters- Ballyards Qstle B3llyards Casde is the he8d offiof all Drop Inn Projects. The fadlities at Ballyards ¥llowsthethirltyto hostprayerevents, Tetreats, ChTtstian ctsnferen¢e5 and visltsfrom m155ion teams and pr0JectpartnfrCM various nations. During the time period of thisfinanual yearw2 began toseethe u53ge of Casde be&n ta wow ogaln. followFng on from tho relaxin8 of Ctswd-19 restrictions. Flnances During this financial year we have saw 4 steady, and at times Strong Ilnanclal perfomanee In our tharfty 5hups. with the developmentof some new wnceptstor¥. This has allowed usto stsblllse operatlon5 followlng theC#vid-19 period. ith a Steady, and at time$ 8rowing income base we have been able to maintair* ènd grow our support loolly as well as Internètionally In 30 different nation5 as well as tg consider appropriate capital acqui5iUon ts aid long-terni 5tsbility of our Incomè base. The charity endeavours to keep a prudent ?mount In reserve for cash flow purposes bLrt rfjost funds ore spent in the short tsrm. Internatlonal MFsslonS Durfng the year, post Cov1d- restrictions we hwe been able to visit International partners, revlew projeci work and provide increased leadership supportto projects. These vislts are a greatsource of encouragementto ourlnternation31 partners. Short-term misslon experlence5 often lead to increased prayer 5UPPQrt lor Drop Inn gs well as an Increase In Child SpDnsor5hip5 and 8lvlng to the varfous projects people visit. One addtuonal ospert of Intematlonal support thls year. 51nct February 2022. has been Increased support to prtsje Partne In Ukralne, helplng therft addres5 the humanitarlan that hès taken place a5 a result of the war. Local Mlsslons LoGal Outreach Mlnlstrie5- Our tearn and our Intems have vlsrfced local peoylÈ in need to offer physl¢al help such as yard worl deanin& help wlth ftnances and support for addletions. Thls helps to connectdisenfr3nthised people wtth other organisarion5suth as ftsodbank5, sooal workets. eto Th15 Serves to provlde a serVIt0 brln8 Immedlate need as well as continuatlon of support to faalitste p051tive outcomes wlthln Dur Incal communlty. Drop Inn partner5 wlth Grace Cmimunlw (thurth in Pichhlll, to operate a youth outreath In The bving Room. as well as a Drop Inn Centre foryouth on Wednesday nigtts. Different staff and voluntsers offer asafe plare for loGI youth to connect to PQ51tlve resources and mentors. Three ol our main focuse5 locally £on51st ofr. ksplre NE, Madlug and Hope Mtsslon. Other Information Drop Inn MinlstMestran5ferred to a ¢ompany Ilmited by guarantee under the name of Drop Inn Mlnlstrles Limlted OTr I October 2019. Assets and liabilities were transferred to the company at book.value on l October 2019. excluding the thurch which was transferred to another tharitable cornpary. The thLErch was also transferred on l October 2019 to a compony limited by 8uarantee under the name of Grar¢ Communlty Churth Ilrelandl Umltsd. P3ge 4
rop Inn Minlstrles Umited TN5tees' Annual Report {Indu&mg Dire¢tOTS Report) contlhued Year Ended 30September 2022 Trusteeg responslbltitles The trustees (who are also dlrectors of Drop Inn Minlstries Umited for the purpose5 of company lawl are respon5ibie for preparing theTru5tees' Annual Report and the flnanclal ststements in actard3n with appllcable law and United ngdom Asounting St3ndard5{Uftited ngdorn Generally AèPt?d Accounting Practice). Company law requlres the trustees to prepare financial ststements for each flrtanclal year, whith give a trtke and f?IT view of the state of affalrs of the charitsble compariy ard Df the Incom5ng resources attd applicatlgn of resources includin8 the Incorne and expendityre of the charitable company for that period. In preparing th¢$e financi31 statsments, the trurtees are requlred ttr. select sultable attounting pollcles end then ¥pplythem conslstently; observe the methods and prfneiples In the tharities SORP 2015 {FR5 102? make judgements and estimate5 that are reasonable 2nd prudent stste whether applloble UKAccounting Standords h4ve been followed, subjett to any materlal departure5 L5d0$ and explained In the financ5al ststements,- prepare the finaneial statements on the going concern basls unless It 15 Inapproprlate to Presume that the tharitable companywill Continue In operation. The trustee¥ are responsible for keeping prDper accotsnling records that dlsclose with re350nable a¢Guracy ary time the flnancial ptssltion ofthe tharitsble company and enable them to ensure that the finanual statements compty with the Comp3nle5 Att 2006. They are aiso respor51ble for safeEuarding the assets of the charity and hence for tskng reasonable steps for the prevenOn and detecuor of fraud and ther IrregularltÈEs. Disclosure gf Informatlon to the wjdltors We, the dlrect015 of thecijmpanywho held offiatthe date ofapproval of the* Flhanaal Ststsments as 52t out above each confiTh, so far35 we are aware, that: there 55 no eVant atsdit Inforniation of which the companV5 autlitots are unaware; and we have taken all the steps that we ought to have taken as directors in orderto make ourselves aware of any relevant audlt infomation and to establish that the companvs audthor5 are aware of that Infonnation. Small company prov151ons Thi5 report has been prepared In accordance with the prov151ons applicable to tompanles enUtted to the sm?11 companles exempUoTr. On behalf of the board Mr Ronald Dawson ITru5tee and dlrector} 20 June 2023 Pa8e 5