Drop Inn Ministries Limited Trustees, Report The trustees. are dire¢tOT$ for the purposes of company lav,. present th¢ annual report together with the finaD¢ial statements and auditors, report of the charitable company for th¢ end¢d 30 September 2023. Obje¢tive5 and activities Objects andtsiftLg Th¢ company's obj¢¢ts ar¢.. - To advance the Christipn religion for the b¢nefii of the public in the area of benefit Asso¢iating together the said inhabitants and the local authoritie5 voluntary and other organisations in the area of benefit in a common ¢ffort to relieve poverty and advance education and to provide fa¢ilitie5 in the Enterests of welfare with the obj¢¢t of tmproving the conditions of life for the said inhabitants Public benefit The principal aciivites of the charity are to equip and mobilise people for mission and to bring hope. help and heIng to the hurting ivorld through the operaiion of various huManitLan projects. The PTtsj¢¢t$ are finan¢¢d through surplw finds generated by the operation of num¢rous charity shops, various donations, sponsorship and fundraising activities. The Iste¢S ¢onfTh that they hav¢ ¢ompli¢d with the requirements of section 17 of the Charitie5 Act 2011 to have due r¢gard to the public benefit guidance published by the Charity Commission for Englana and Waies. Trustees and offifeTS The irustees and otTicers Serving during the year and $in¢e the y¢ax end were as follows.. TrUSes.. Mr Neville Gthland Mr Ronald Dawson Mr Thomas Stewart Mr Michael Rollo Secretary.. Mr Thomas Si¢wart Strntture. governaDee And management Jvature ofgoverning document The ehatity is registered Hqth the Charities Commission for Norther IrelaJJd (Registered Nurnb¢r 101694). The company is controlled by irs truste¢s who are directors of the company for the purposes of the Companies Act 2006 and its gov¢rn¢d by the provisions ¢ontain¢d ID th¢ M¢EnoranduTn and Articles of Assoeiation. Atl trustees membeTS and dire¢iors of th¢ Charitsbl¢ Company and stand as guarantors of the charitable company in the sum of £ 10 each. HeadquArters- BallyaTds Castle Bailyards ClIe is the head office of all Drop Inn Projects. The faciliiies at Ballyards ajlows the chlty to host prayer events. retreats. Christian conftrences pnd visits from rni5510n5 t¢aTn and project partners from vatious nations. During the time period of this financiaI year we began to See the usage of Ca5tl¢ ¢OT]tinu¢d to develop, following on a lull after the COVID period. Page 2
Drop Inn Ministries Limited Trustees, Report Finance5 During this financi year w¢ hav¢ saw a steady, and at time strong fin8ncipJ perfom)anc¢ in our charity shops. with the development of some new 510res. including outl¢t stores that sell off stock at reduced cost. With a steady, and at tirnes growing income b8se we have be able to maintain and grow our support to locally as well as int¢mttionally in 30 different nations &5 ivell a5 to continu¢ with ¢apir2J acquisition to aid ihe long-t¢nn stability of our income base. The charity endeavours to ke a prud¢nt arnount in r¢s¢TV¢ for ¢&sh flow purposes but rnost funds ar¢ spent in the short terni. International Mi55lODS During the year, members of the b0d aJ)d senior lead¢rship t¢m w¢ have been able to Visit internationa] partners, revi¢w project ivork and provide increased leadership support io projects. These visits ar¢ a wai source of engagements to our internationa] p8Jtners. ShoTt-t¢m mission experi¢nc¢s often lead to increed prayer support for Drop Inn as iv¢ll &$ an incre in Child Sponsorships and giving to the various projects people visit. A continued aspect of international support thls y¢ar. has been incr¢&sed support to project partner5 in Ukraine, helping them address the humanitaTiaJ) Crisis that has taken pla¢¢ as a result of the war. Local Missions Lo¢al Outreach Ministries- Our team continue, ls appropriate, to visii loca] people in n¢¢d and off¢r practical support This helps to connect disenfranchised pcoplc with other Organizations su¢h as foodbanks, social workers etc. This serves to provide a 5¢rvi¢e to bring immediate need as well as continuation of 5UPPOrt to facilitate positiv¢ outcomes w4thin our loc community. In addition we have been able to partner the Southem Trust io offer support to unaccompansed rninors arriving in Northern Ireland from nations were their lives wou]d have been at risk. Drop Inn partners with Grace Community Church in Richhill, to operate a youth outr¢ath iT] 'The Living Room, &$ well &8 a Drop Inn Centre for youth on W¢dn¢sday nights. Different staff and volunteers offer a safc plac¢ for lo¢a] youth to ¢o]irtect io positive resources and mentors. Three of our main F0CLeS loc]Y consist of.. Aspire NI. Madlug. and Hop¢ Mission. St8temtnt of trnstees, rtsponsibilities The trustee5 (who are a]so th¢ dir¢ctors of Drop Inft Ministries Limited for the purposes of company law} or¢ responsible for pr¢paring th¢ mist¢¢s' report and the financial statements in accordance with applicable law and Unit¢d KingdoEn Accounting Standard5 (Unit¢d Kingdom G¢n¢Tally Ac¢¢ptrd Accounting Practice), including FRS 102 "The Financiai R¢porting Standard applicable in the UK and Republic of Irelamd" Company law requires the tnjstees to prepare fjnancial statements for each financial y¢ar. Und¢r company law the trustees rnu5t not approv¢ th¢ financial stateTnenlS unless they are satisfied that they give a thje and fair view, of th¢ 5tat¢ of affain of the charitable company and of the incoming resources aJ)d application of resources. including its income and expenditure. of the ¢haritabl¢ wmpany for that period. In preparing these fmancial staiements, the 1Thstee5 requiT¢d to.. sele¢1 suitabl¢ ac¢outtting poli¢i¢s and apply them consistrntly: obs¢rve the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prud¢nt' slate whether applicable accounting standards. comprising FRS 102 hav¢ b¢¢n followed, subject to any material departures disclosed and explained in the financial siarements; and Prepa the fin8n¢ia] statcmcnts on thc going wn¢ern basis unless it is inappropriate io presume that the charitable company Ill continue in bu5ine55. Page 3
Drop Inn Ministries Limited Trustees, Report state whether applicable accounting standards, comprising FRS 102 have been followed. subject to any material departure5 disclosed and explained in the financial stateznents; and prePe the financial statements on the going concern b&8is unless it is inappropriate to presume that the tharitable company will continue in business. The trustees are responsible for keeping proper accounting records that Can disclose with reasonabl¢ accuracy at any time the financial posÉtion of the charitsble cornpany and enable them to ensure that the fanCial statements rnply with the Companies Act 2006and Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the &8sets of the charitsble company and hence for taking reasonable steps for the prevention and detection of fraud and other iesulaTItie8. The 1Thstee5 are responsible for the maintenance and integrity of the corporate and financial infonnation included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdithions. Disclosure of information to auditor Each trustee has taken steps that they ought to have tsken as a trustee in order to make thernselves aware of any relevant audit infonnation and to establish that the charity's auditor is 8Wdre of that information. The tNstees confm that there is no relevant inforn]ation that they know of and of which they know the auditor is unaware. The annual report w&8 approved by the trustee5 of the charity on 17 July 2024 and sigryed on its behalf by: Mr Ronatd Dawson Trustee Page 4