Registered number: N1670936 CHRIST THE REDEEMER INTERNATIONAL MINISTRIES- PORTADOWN LIMITED DIRECTORS, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Proactive Chartered Accountants Limited Hands-on Financial Reporting
Christ The Redeemer International Ministries- Portadown Limited Directors, Report and Unaudited Financial Statements For The Year Ended 31 July 2024 Contents Page Company Infomiation Directors, Report Independent Examiner's Report Accountants, Rep)rt Income and Expenditure Account Balance Sheet Notes to the Financial Statements 8-11
Christ The Redeemer International Ministries- Portadown Limited Compan!" Infonnation For The Year Ended 31 July 2024 Directo Mr Danilo SantOS Mr Slephen Martin Mrs Veriza Sandoval Mr Edizon Sandoval Mrs Milaflor Hunler Ms Janel)'n Martin Ms Judy Flannioan Secretary Ms Regina Biscocho Company Number N16709J6 Charity Ref No. 108081-0 Registered Office 19 Gilford Road Portadown Craigavon BT6i 5EF Accountants Proactive Chartered Accountants Limited Chartered Accounlants Opus House l i7 York Road Bellast BT15 )GZ Page I
Christ The Redeemer International Ministries- Portadown Limited Compan) No. IY1670936 Direclors, Report For The Year Ended 31 July 2024 The directors present their report with the financial statements of the company for the year ended i l Jul), 2024. Principal Activity The principal activity of the company in the year under review was to support the advancement of the Christian religion by promoting, through the work of the Christ the Redeemer International Ministries, the whole mission of the Church. pastoral, evangelistic, social and ecumenical. Being open to and engaging with society as a whole and offering support for those needing help are fundamental to the practical delivery of the benefits of Christianity. Charitable Status Christ the Redeemer Inlemaiional Ministries - Portadown became a registered compan>, on 8 Julv 20?0. The Directors subsequently applied to Her Majesty's Revenue and Cusloms to become a Charity and were awarded Charitable Status from incorporation. Revieiv of Operations The results for the year. financial position of the company. and recommended transfers to reserves are as shown in the annexed financial statetnents Director5, Report Directors The directors who held office during the year were as follows: l. Stephen Martin 2. Janelyn Martin Danilo delos Santos 4. Milaflor Hunter 5. Judy Flannigan 6. Veriza Sandoval 7. Edizon Sandoval The company is limited by guarantee and does not have a share capital. Janelyn Martin and Regina Biscocho have agreed to contribute such amount (not exceeding £1.00) in the event of a compulsory winding up. Public Benefit The main objects of our Church are: To advance the Christian faith (in accordance with our Statement of Beliefs) in such ways and in such parts of the UK or the World as the Trustees from time to time may think fit To relieve sicknes5 and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the Provision of counselling and support in such parts of the UK or the World as the Trustees from time lo lime may think fit To advance education in such ways and in such parts of the UK or the World as the Trustees from time to time may think fit To cater for the spiritual needs ol the members in N Ireland by preaching and teaching the gospel of our Saviour Lord Jesus Christ To take care of members for their soul, Spirit and bodv, building and equipping them for the Lord Jesus Christ To act and respond for the great commission of our Saviour Lord Jesus Chrisl in ihe lifestyle of the members by making disciples and saving the lost To prepare. organize and manag¢ public and privat¢ worship services, pray services and Bible study services To perforn] in public or private- Water Baptism: The Lord Supper: Marriage Services, Child Dedication and funerals, to minister prayer for all believets, pasloral Ca and pre and wsi maritsl counselling To receive and properly administer tithing, offerings, gifts. donations and fundraising events Page 2
Christ The Redeemer International Ministries- Portadown Limited Compan) No. IY1670936 Direclors, Report For The Year Ended 31 July 2024 Review of Progress and Achievements During the }'ear we have collected donations through offerings from our Church members at services and continued to develop many programmes including regular teaching and educational talks and events whilst continuing to provide appropriate gifts and donations to those in need. Our beliefs are incorporated in all that we do and these are highlighted through: OUR PURPOSE.. To Love God And To Love People OUR MISSION: To Win Souls And Make Di5ciple5 OUR STRATEGY: 4 E'S STRATEGY: Evangelize (WIN) Edifj, (CONSOLIDATE) Equip (DISCIPLE} Engage (SEND) Slatemenl of Directors, Responsibilities Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable compan), and of the incoming resources and application of Tesources: including the income and expenditure. of the charitable company for that period. In preparing these financial statements. the directors are required to.. select suitable accounting policies and then apply them consistently; observe ihe methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standard5 have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also reswnsible for safeguarding ihe assets of the charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Directors are aware: There is no relevant infonnalion of which the Charity's Independent Examiner is unaware; and The Directors have taken all steps that they ought to have taken to make themselve5 aware of any relevant infornlation and to establish that the Independent Examiner is aware of that inforn]ation. Aeeounting Policy The Companies Act 2006 also detemiines the level of scrutiny required. Since ourgross income is less than £250,000, we may ch005e to have an independent examiner rather than a registered auditor exwnine the annual accounts - we have chosen to appoint an Independent Examiner rather than an Auditor. The Director's report is also prepared having taken advantage of the small companies exempiion of the Companies Act 2006 By Order of the IK)ard of Directors Edizon Sandoval IApr , 2025 11..59 GMT*II Mr Edizon Sandoval Director 1510412025 Page 3
Christ The Redeemer International Ministries- Portadown Limited Independent Examiner's Report For The Year Ended 31 July 2024 I report on the accounts of the Trust for lh¢ )'¢ar ended i l July 2024. Respective responsibilities of charity trustees and examiner As the charitv's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northem Ireland) 2008. It is my responsibilit). to: examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general directions given b)- the Commission under section 65{9){b} of the Charities Act state whether particular matters have come to my attention Basis of independent examiner's report I have examined your charity accounts as quired 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. My 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 consideralion of any unusual items or disclosures in the accounts and seeking explanalions from you as charity trustees concerning any such matte. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kepi in accordance with section 6) of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further infortnation needed for a proper understanding of the accounts to be reached Independent examiner's statement I have completed my examination and have no concerns in respect olthe matters (l ) to (4) listed above and, in connection with following the direction5 of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. 017 M Dickiiilo Jon M Dickinson IAJ)_r 30, 2025 09:32 GMT+I) 1510412025 Jon M Dickinson FCCA Associlllion of Chartered Certified Accounlants l i7 York Road Belfast BT15 3GZ Page 4
Christ The Redeemer International Ministries- Portadown Limited Aceountants, Report For The Year Ended 31 July 2024 Report to the directors on the preparation of the unaudited 5tatutor)' account5 of Christ The Redeemer International Minislries- Portadom n Limiled for the )'ear ended 31 July 2024 To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Christ The Redeemer International Ministries Portadown Limited which cotnpri5e the Profit and Loss Account, the Balance Sheet and the related notes, from the company s accounting records and from inforn]ation and explanations you have given us. As a practising member firn] olthe Association of Chartered Certified AccounL2nts. we are subject to its ethical and other professional requiretnents which are detailed at http:l/www.accaglobal.cotnlen/member/professional-standard51rules- standardslacca-rulebook.html. This report is made to the directors of Christ The Redeemer International Ministries - Portadown Limited, as a body, in accordance with the tertns of our engagement letter dated 25 September 2020. Our work has been undertaken solely to prepare for your approval the accounts of Christ The Redeemer International Ministries- Portadown Limited and state those matters thal we have agreed to state to the directors of Christ The Redeemer International Ministries - Portadown Limited, as a body, in this report in accordance with the Association ol Chartered Certified Accountants &s detailed at http:l/www.accaglobal.cornlcontent/dam/ACCA Globaltrechnicallfacdtechnical-factsheet-16J.pJf. To the fullest extent pern]itted by law, we do not accept or assume responsibility to an}ione other than Christ The Redeemer International Ministries - Portadown Limited and its directors as a body for OUT work or for this report. It is your duty to ensure that Christ The Redeemer International Ministries Portadown Limited has kept adequate accounting records and to prepare statutor! accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Christ The Redeemer International Ministries - Portadown Limited. You consider thal Christ The Redeemer International Ministries - Portadown Limited is exempi from the statutory audit requirement for the year. We have not been instructed to carTr' out an audit or a review of the accounts of Christ The Redeemer International Ministries - Portadown Limited. For this reason, we have not verified the accurac}, or completeness of the accounting records or infom)alion and explanations )'ou have given to us and we do not, Iherefore, express an>, opinion on the financial statements. Jon M Dickin50n IApr 30, 2025 09.'32 GMT411 Jon M Dickinson FCCA 1510412025 Proaclive Chartered Accountanls Limited Chartered Accounlanls Legal & Financial House York Road Belfast Antrim BT15 3GZ Page 5
Christ The Redeemer International Ministries- Portadown Limited Income and Expenditure Aecount For The Year Ended 31 July 2024 Total 2024 Total 2023 Restrieted Unrestricted Income Donations Charitable Activities Grants Received Notes 60234 60234 54,518 Total Income 60234 60234 54,518 enditure Charitable Activilies Bank Fees (55,119) (55,119) (60,759) Total resources Ex ended 55,119 55,119 60,759 Net Income before Transfers Transfers Between Funds 5,115 5,115 (6,241) Net Income for the ear 5,114 5,114 (6,241) enin funds at l Au 2023 12,076 12,076 18.317 Closin funds at 31 Jul 2024 17,191 17,191 12,076 The notes on pages 8-1 I forn) part of th¢s¢ financial statements. Page 6
Christ The Redeemer International Ministries- Portadown Limited Balance Sheet As at 31 July 2024 2024 2023 Noles FIXED ASSETS Tangible Assets io 2,622 1,941 2,622 1,941 CURRENT ASSETS Debtors Cash at bank and in hand 14,933 10,135 14,933 10,135 Creditors: Amounts Falling Due Within One Year (365) NET CURRENT ASSETS (LIABILITIES) 14,568 10,135 TOTAL ASSETS LESS CURRENT LIABILITIES 17,191 12,076 NET ASSETS 17,191 12,076 General Funds 17,191 12.076 TOTAL FUNDS 17,191 12.076 For ihe year ending J l July 2024 the companv was enliiled to exemption from audit under section 477 of the Companies Act 2006 relaling io small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their reSFK)nsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. On behalf of the board Edizon Sand val pr 29, 2025 11.'59 GMT+II Mr Edizon Sandoval Director 1510412025 The notes on pages 8 to I I fortn part olthese financial statements.
Christ The Redeemer International Ministries- Portadown Limited Notes to the Financial Statements For The Year Ended 31 July 2024 l. Accounting Policies The financial statements have been prepared in accordance with applicable accounting standards and follow the recommendations in Statement of Recommended Practice: Accounting by Charities. Voluntary income received by wa}- of donations and gifts to the company is included in full in the Profit and Loss Account and the Statement of Financial Activities when received. Intangible income is not included unless it represents goods or services which would have othen4'ise been purchased. Rev¢nu¢ grants are crediled to incoming resources on the earlier date of when they are received or when the). are receivable, unless they relate to a specified future riod. which case they are deferred. Grants for the purchase of fixed assets are credited to restricted incoming resources when receivable. Depreciation on the fixed assets purchased with such grants is charged against the restricted fund. Restricted fund are to be used lor 5pecifJed purposes as laid down by the donor. Expenditure which meets criteria is identified to the fund, together with a fair allocation of overheads and support costs. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earniarked by the directors for particular purposes. Staff costs and overhead expenses are allocated to activities on the basis of staff time spent on those activities. Fixed assets are slated at original cost or valuation less capital grants and donations received or receivable. i.io Depreciation: The cost of olCe equipment is written off in the year in which the expenditure is incued. 2. Income Donations & Gifts 2024 Tithe/Offerings 60234 54,518 Total 60234 54,518 Pag¢ 8
Christ The Redeemer International Ministries- Portadown Limited Notes to the Finaneial Statements (eontinued) For The Year Ended 31 July 2024 3. Expenditure Charitable activities Total 2024 Total 2023 Restricted Unrestricted Charitable Activities Staff Training Rent Light & Heat Repairs Cleaning Software Insurance Church Events Love Gifts Salaries Printing, Stationery Advertising Telecomms Accountancy Professional fees Travel Other 925 9,600 2,927 925 9,600 2,927 9,600 184 23 23 428 168 6i8 8,074 22,88) 595 9,132 7,289 17,800 1,041 595 9,132 7,289 17,800 1,041 570 639 I,)25 639 I,)25 222 ,500 327 3296 327 3,296 1,082 2,718 55,119 55,119 60.759 4. Staff Costs and Numbers 2024 202) Salary and Social Security Costs 17,800 li,310 Total 17,800 li,ilO The average number of emploj'ees during the )'ear w&s as follows: 2024 202i Average number employed Other paymenls including an honorarium. transport costs and 'Lov¢ Gifts, have been paid to Pastor Edison who is an employee and director. Page 9
Christ The Redeemer International Ministries - Portadown Limited Notes to the Finaneial Statements (eontinued) For The Year Ended 31 July 2024 5. Net Income before Transfers This is stated after charging: 2024 2023 Directors, Emoluments (including pension contributions) Depreciation 17,8 788 li,ilO 772 6. Transfers belween Funds 2024 2022 Transfer to Restricted Funds Transfer to Designated Funds Transfer from Designated Funds Transfer from Unrestricted Funds 7. Funds 2024 2022 Restricted Designated Unrestricted 17,185 12,071 17,185 12,071 8. Bank 2024 2022 Bank and Cash Donations received after year end 14,568 10,135 14,568 10,135 9. Creditors Amounts falling due within one year 2024 2022 Other taxes and social security Accruals and D¢f¢rr¢d Income 365 Page 10
Christ The Redeemer International Ministries- Portadown Limited Notes to the Finaneial Statements (eontinued) For The Year Ended 31 July 2024 10. Tangible Assets Fixtures & Fittings Computer Equipment Total Cost As at l August 2023 3,981 1.078 5,059 As at 31 July 2024 1.078 5,059 Depreciation As at l August 2023 Provided during the period 894 755 1,649 787 518 269 As at 31 July 2024 1.412 1,024 2,436 Net Book Value As at i l July 2024 2,569 54 1,274 As at l August 202i 1,618 1,941 11. Income and Expenditure Account 2024 2023 Turnover Administrative Expenses 55,119 60,759 (55,119) (60,759) Grants Received Other Operating Income 60,234 54,518 Operating Profit 5,115 (6,241) Taxation on profit of ordinary activities Retained profit for the Year 5,115 The company has no recognised gains or losses other than the results for the year as set out alx)ve. All activities of the company are classed as continuing. Pagell