REGISTERED COMPANY NUMBER: N1666904 (Northern Ireland REGISTERED CHARTITY NUMBER: 108166 Report ofthe and Flnanclal Statements for the year ended 31 December 2022 Centre 61 Mlnistries (A Cofflpany Umlted by Guarantee) Ivan Shannon & Company Chartered Accountants 39 Church Street Ballynahinch BT30 8AF Centre 61 Ministries Contents of the financlal Statements for the year ended 31 December 2022 Report of the Trustees Independent Examiners Report ststement of Financial Artivities Balance Sheet Notes to the Financial Staternents Centre 61 Mlnlstries (Registered Number: N1666904) Report of the Trustees Forthe period l January 2022 to 31° December 2022 The trustees who are aSs0 directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period i# January 2022 to 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts In accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FSR 102) (effective l January 2019). OBJEcnvES AND AcllviTES Centre 61 Ministries desire is to build up, encourage and nurture people who profess a Falth In Jesus Christ and to see people come to faith in Jesus Outside of the church communty. The charity aims to provide a place where the￿ is regular biblical teachin& worship and support forour members and children. The charity alms to work locally will all sections of the communityto provide support and care to those tn need therefore demonstrating the love of God. ACHIEVEMENT AND PERFORMANCE Throughout 2022 we held regular Sunday services, Tuesday night worship and prdyer services and Thursday morning prayer meetings. A bible study on Friday evenings was started which allowed ft)r more exploration of the bible in a smaller group setting. These provided much support and education to the church community. There was increase in regular attendance with new families and individuals also being added to our church. Throughoirt the year we also had guest speakers at our Sunday services from local churches. At Easter time we all gathered for a church BBQ at Greenleaf Forest school which was a wonderful tlme together. In May 2022 the first Nua festival was launched which saw the charity work In collaboration with Emmanuel Church Lurgan and Lagan Valley Vineyard. Thls festival was a wonderful time to come together with other believers from all over Northern Ireland for fellowship. worship and inspirational biblical teachlng. Most encouraging was the response of the youth ￿presented at Nua who finished the weekend energized and uplifted in their own personal faith in Jesus. Many of our church rnembers volunteered to help at Nua which was a blessing to the event and a chance for them to be blessed by serving In thls event. In August the charity ran a sunflower field that was planted In a member's land. This was opened to the publlc and proved a wonderful opportunity to connect with the local community and build relationshlps. It provided a place where families and individuals could come and enjoy the sunflowers, make memories. and even tske time to refiert. October saw the arrival of the Carter Familyfrom Seattle to help estsblish and build up an inner healing and prayer ministry through the charity. In December the Sunday services moved from our rented building on Causeway Road to Glenanda conferen￿ Centre to accommodate the increase in numbers attending and to provide more suitable facilities for the children's ministry. Through out the year we also have served the local community through our food bank. FINANCIAL REVIEW The charity has a healthy cash flow and has no outstanding debts. The charivs income comes through donations from the church members and from individuals known to the ministry. Most of the money donated is used for the day to day running costs of the charity with some plaod into a saving account for future plans. FulliRE PLANS The charity aims to continue to build up its connection with the community of Newcastle as well as establish more connections within a wider church community. It is keen to see the physical and spiritual needs of the community around us met by continuing to provide biblical teaching. practical help and pastoral care. In the future the charity would aim to have a permanent structure that can house all the servi￿5 in one place and be a hub for ongoing ministriesto work from. STRUCTURE, GOVERNANCE ANO MANAGEMEKr. The trustees also act as Directors for the charty. The charity has a joint leadership team made up of the directors. They each have equal responsibility. authority and power in decision making. When a unanimous decision cannot be made, a majority decision is reached. Within the context of Centre 61 Ministries these directors serve as leaders and are responsible for all decision making along with the wider church leadership team. Centre 61 ministries has a memorandum and articles of association, the charity is construrted as a Lirnited Company by guarantee. All trustees must pass a strict criterion. they must be above reproach. of a good reputation and be responsible with money. A unanimous decision must be reached by all trustees when appointing new trustees. All risks posed to the charlty are covered by professional indemnlty Insurance. All appropriate procedures and systems are in place to ensu￿ that criteria are met to comply with insuran policies. The charity has safeguarding policy in place for working with children and all volunteers are appropriately vetted. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Number N1666904 (Northern Ireland) Reglstered Charfty number NIC108166 Reglstered Office 39a Ballyloughlin Road Newcastle BT33 OJU Trustees Mr Neil Al&Yander Mr Philip Cousins MrAaron Molesky Indewdent Examiner Ivan Shannon & Companv Chartered Accountants 39 Church Street Ballynahinch BT24 8AF Approved by order of the board of trustees on 25 September 2023 and signed on its behalf by: Mr Neil Alexander- Trustee Centre 61 Minlstries ststement of Financial ActfvitFes for the year ended 31 December 2022 Notes unrestricted Funds Total Funds 2022 Total Funds 2021 INCOME AND ENDOWMENTS FROM Donations and legacles 73,248 73,248 57,876 Totsl 73,248 73,248 57,876 EXPENDITURE ON Charltable activities Direct Costs Support Costs 33,308 21.443 33,308 21,443 34,909 18,752 Total 54,751 54,751 53,661 NET INCOME I(EXPENDITURE) 18,497 4,215 RECONCIUATION OF FUNDS Total funds brought forward 12,830 12,830 8,165 TOTAL FUNDS CARRIED FORWARD 31,327 31,327 12,380 Centre 61 Ministries (Registrath>n number N1666904) Bala￿e Sheet 31 December 2022 Note5 Unrestritted Funds Total Funds 2022 Total Funds 2021 FIXED ASSETS Tanglble assets CURRENT ASSETS Cash at bank and in hand 30,878 30A78 12.380 30,878 30.878 12.380 CREI)ITORS Amounts falllng due within one year NEfcuRRENT ASSETS 30,878 30A78 12,380 NEf ASSErs 30B78 30,878 12,380 The tharitable company is entitled to exemption from audit underseclion 477 of the Companie5 Act 2(106 for the year ended 31 De￿rnber 2022. The members have not required the companyto obtsin an audit of its financial statements for the period ended 31 December 2022 in accordance wlth section 476 of the Companies Act 2006. The Trustees acknowledge their responslbility for Al ensuring that the charitable cornpany keeps accountlng records that comply wlth sectlons 386 and 387 of the Companies Act 21x16 and Bl preparing financial statements which grive a tTue and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplu5 or deficit for each fiancial year In accordance with the requirement of sertion 394 and 395 and which otherwise comply with the requirements of the Companles Art 2006 relating to finanaal Statements, so far as applicable to the charitable company. These financial statements have been prepared in accordan￿ with the provisions applicable to tharitable companle5 subject to the small companies regim& The financial statements were appfoved by the Board of Trustees and authorised for issue on 25 September 2023 and we e $58ned on Its behalf bv: Mr Nell Alexander- Trustee Centre 61 Mlnlstries Notes to the Flnancial Statemerrts for the year ended 31 December 2022 I. ACCOUNTING POUCIES Basis of preparfnz financlal statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 20191, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act (Northern Ireland) 2008. The financial statements have been prepared under the historic cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be recesved and the amount can be measured reliably. Expendlture Liabilites are recognlsed as expenditure as soon as there is a legal or construrtive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be reliably measured. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular heading5 they have been allocated to actNities on a basis consistent with the use of resources. Taxation Centre 61 Ministries is recognised as a charity for the purposes of applicable taxation legislation and therefore is not subject to tax on its charitable artivities. The charity is not registered for VAT and resources expended therefore indude irrecoverable input VAT. Fund accountlng Funds are classified as either restrirted or unrestricted funds defined as follows: Restricted funds are subject to specific requirements as to their use which may be declared by the donor with their authroity or created through the legal process, but still within the wider objects of the charity. Endowrnent funds are funds which have been given on the condition that the original capital fund is not reduced, but the income from there is used for the purpose defined in accordance with the object of the charity. Centre 61 Mlnlstrfes Notes to the Financial Statements for the year ended 31 December 2022 2. DONATIONS AND LEGAaES 2022 2021 Donations 73.248 57,876 3. TRUSTEES REMUNERATION AND BENEFITS There were no trustees remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 310ecember 2021 There were no Trustees expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021 4. STAFF cosrs 2022 2021 Wages and salaries Social security costs Other pension costs 1,922 8,479 1.922 8,479 The average number of persons employed by the tharity during the year was as follows: Ministerial Administrative No employees re￿IVed emoluments in excess of £60,OCX). Centre 61 Mlnlstries Notes to the Financial Statements for the year ended 31 December 2022 5. MOVEMENTIN FUNDS Atol January 2022 Net movement in funds At31 December 2022 Unrestrirted funds 12,830 18,497 31,327 12.830 18,497 31,327 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement In funds Transfers Unrestrirted funds 73.248 54,751 18,497 73,248 54,751 18,497 6. RELATED PARTY DISCLOSURES There were no related party transactions requiring disclosure for the year ended 31 December 2022 nor for the year ended 31 Deomber2021.