Norihern Ireland charity number 108180 Norihern Ireland company registration number N16665J6 Patrons International (a company limited by guarantee) Directors, & Trustees, Report and Financial Statements Period ended 30 June 2023
Patrons International Ltd Contents of the Financial Statements for the period ended 30 June 2023 Page Report of the Directors Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statements
Patrons International Report of the Director for the period ended 30 June 2023 The Directors are pleased to present their report together with the financial statements of the company for the period ended 30 June 2023. Principal and registered orrice Hall Gate House 39a Cranfield Road Kilkeel Co Down N Ireland BT34 4LJ Status of Company and Governing Document Patrons International is a private company limited by guarantee (Number N1666516). The Company is controlled by its governing document, a deed of trust. It is a charity registered in Northern Ireland with the number 108180. Directors and Office Bearers The Directors who served during the period were as follows: Directors Mr S Chestnutt Mr J Innes- appointed 3 October 2022 Compaiiy Secrelary Ms M McKibbin - resigned 9 March 2022 Ms G Cully -appointed 28 March 2022 Recruitment and appointment of Directors The maximum number and minimum number respectTvely of the Directors may be determined from time to time by ordinary resolution. Subject to and in default of any such detertnination there shall be no maximum number of Dir¢ctors4nd the minimum number of Directors shall be two. No person shall be admitted as a member of the company unless helshe is approved by the Directors. Every person who wishes to become a metnb¢r shall deliver to the company an application for membership in such forni as the directors require. Objectives and activities The Trust is established for charitable purposes only, specifically in relation to the advancement of the Christian faith, education, and the relief of poverty. The organisation aims to highlight any given need or project that aims to give r¢lief of those in need, by reason of youth, age, ill-health, disability, financial hardship, or other disadvantage. Organisational structure The charity is organised such that the Management Team and the members of the committee meet regularly to manage its affairs. Achievements and performance During the year the organisation has continued the process of identifying needs and gathering inforniation. The covid 19 pandemic this has proved challenging due to various travel and meeting restrictions, but during the period, the company has made donations to various organisations tolalling £59,644. These donations were made to help further the work of supporting church ministries in Ireland and further afield.
Patrons International Report of the Director for the period ended 30 June 2023 Financial review Results for the year The financial statements for the year are set out in pages 4 to 9. The Statement of Financial Activities on page 4 reflects net incoming resources of £22,661. (2021 outgoing resources £6,385.) Reserves It is the Company's policy to maintain funds at a level that equates to at least three months expenditure. This target was met at the end of the year. Statement on risk The Directors and Management have been looking at the company exposure to risk and have taken measures to mitigate these and this prdCtic¢ will continue. Principal funding sources We are very grateful to the organisations and individuals for donations received. Statement of Directors, responsibilities The trustees are responsible for preparing the Tn]stees' Annual Report and the flliancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 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 company and of the incoming resources and application of resources, including the income and expenditure, of the company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2019; make judgements and estimates that are reasonable and prudent" state whether applicable UK Accounting Standards have been followed, subject to any materfftal departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitabl¢ company and enable theFn to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Director's Report has been prepared having taken advantage of the small companies, exemption in the Companies Act 2006. On behalf of the Direetors Samuel Chestnutt Direclor Dated: 25lQ.812024
Patrons International Report of the Independent Examiner for the period ended 30 June 2023 I report to the charity trustees on my examination of the accounts of the company for the period ended 30 June 2023 which are set out on pages 4 to 9. Respective responsibilities of trustees and examiner As the charity trustees (and the directors of the cornpany for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to: examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008. 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. and state whether particular matters have come to my attention. Basis of independent examiner's 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 Coininis5ion for Northern Ireland under section 65(9}(b) of the Charities Act. The exainination included a review of the accounting records Lept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations froin you as charity trustees concerning any such matters. My role is to state whether any material matters have come to rny attention giving me cause to believe.. l. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland 4. That there is further infonnation 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 of the matters ( l ) to (4) listed above and, in connection with following tlie Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Mr ASC Wylie FCA ASC Wylie UBU Ltd 7 Lisburn Street Royal Hillsborough BT26 6AB r 90
Patrons International Statement of Financial Activities {incorparating Income and Expenditure Account) For the 18 Months ended 30 June 2023 General fund 2023 Total 2021 Total Notes Income Donations and legacies Other income HMRC SMP grant 93.360 120 5.303 93J60 120 5a03 24,094 Total ineome 98,783 98,783 24,094 Expenditure Charitable activities 76.122 76,122 76,122 30,479 30,479 Total expenditure Net (expenditure)lincome before transfers 76,122 22,661 22,661 (6J85) Net movement in funds after transfers 22,661 22,661 (6J85) Total funds brought forward 4,075 4,075 10,460 Total funds carried forward 12 26,736 26,736 4,075 Represented by: Unrestricted fund 12 General 26.736 26,736 26,736 26,736 4,075 4,075 Total funds The notes on pages 6 to 9 fonn part of these financial statements. Page 4
Patrons International {Registered No= Nt1665161 Balance sheet As at 30 June 2023 General fund 2023 Total 2021 Total Notes Current assets Cash at bank and in hand 30,889 30,889 30,889 30,889 8,229 8.229 Total current assets Liabilities Creditors". falling due within one year Net current assets li (4,153) 26,736 26,736 (4,153) 26,736 26,736 (4,154) 4.075 Total assets less eurrent liabilities 4,075 Total net assets 26,736 26,736 4,075 The funds of the Charity Unrestricted fund 12 26,736 26,736 4,075 Total eharity funds 26,736 26,736 4,075 These financial statements have been prepared in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 Section Small entities) and with the provisions applicable to companies subject to the small companies, regime. For the period ended 30 June 2023 the company was entitled to exemption from audtt under section 477 of the Companies Act 2006 relatin% to small companies. Directors, responsibilities The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accountinR records and preparation of the accounts. The financial statements were approved by the Board on251Q312Q24. and signed on their behalf by: Jc Mr S Chestnutt (Director) The notes on pages 6 to 9 form part of these financial statements. Page 5
Patrons International Notes to the Financial Statements for the period ended 30 June 2023 l. Accounting Policies Aecoiinting coiiveiitioii Patrons international is a company limited by guarantee in Northem Ireland. The address of the registered office is given in the charity inforn)ation on page l ofthese financial statements. The nature of the charity's operations and principal activities are shown on page l. The company constitiites a public benefit entity as defined by FRS 102. The financial statements are prepared under the historical cost convention, &8 modified by the revaluation of certain fixed assets, and in accordance with FRS 102, the Statement of Recommended Practice - Accounting & Reporting by Charilies SORP 2019 (FRS 102), the Charities Accounts (Northern Ireland) Regulations 2008 (as amended) and the Companies Act 2006. The principal accounting policies adopted in the preparation of the financial statements are set out below. The accounts are prepared on a going concern basis as the Trustees consider that there are no rnaterial uncertainties about the Charity's ability to continue &8 a going concern. Basis offinaneial stalemenls The financial statements have been prepared on an accruals basis. Ineome and debtors All incoming resources are included on the Statement of Financial Activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy. Donations in kind have been recognised at mark¢t value at the date of the donation. Debtors are valued at cost at the year-end and adjusted for any amounts considered to be irrecoverable. Expenditure and creditors Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Creditors are valued at cost at the year-end and split between amounts due in less than one year and amounts due in more than one year. Slatenient of FinancialAcliviÉies For the purpose of the Statement of Financial Activities as shown on page 5, funds are defined as follows: Up7Yesli'icled funds comprise income received for the objects of the company without further specified purpose and are available as general funds or are placed with designated funds which can be used for purposes in agreement with its charitable objectives.
Patrons International Notes to the financial statements for the period ended 30 June 2023 2 Income Unrestricted Designated fund fund 2023 Total 2021 Total Donations Other income HMRC SMP grant 93.360 120 5,303 93,360 120 5,303 24,094 98,783 98,783 24,094 Income from donations was £93,360 (2021 .£24,094) of which all was unrestricted. 3 Charitable activities - expenditure Direct costs 2023 Total 2021 Total Activity Charitable activities (note 4) 76,122 76,122 76,122 76,122 30,479 30,479 Of which: Relating to general fund 76.122 76,122 30.479 4 Direct costs General fund 2021 Total 2021 Total Staff costs Postage and stationery Administration costs Professional fees Interest charges Independent examination fee Donations Accountancy fees (note 5) 9.091 9,091 17,631 170 3,898 170 3,898 130 1.200 2,160 59.644 1,159 2,160 59,644 1,159 1,080 9.000 1,438 (note 13) 76,122 76,122 30,479 Page 7
Patrons International Notes to the financial statements for the period ended 30 June 2023 Staff costs and numbers 2023 2021 Gross salaries Pension contributions 8.716 375 17,298 333 9.091 17.631 The average number of employees during the year was l. There are no employees receiving more than £60.000. Directors, remuneration and expenses The Directors received no remuneration or reimbursement of expenditure during the year in their capacity as Directors. Liability of Members The company is limited by guarantee, with the liability of each member limited to £1. There were 2 members at 30 June 2023. Grants and donations received Unrestricted funds 2023 Total 2021 Total Stewardship Trinity Evangelical Herd trust Anonymous 85.244 8.116 85.244 8,116 18,094 6,000 93.360 24,094 Re12ted party transactions During the period Patrons International was due to receive £120 from EdenGate Travel Limited of which Mr Samuel Chestnutt is a director. EdenGate Travel paid £125 and £1.036 in respect of professional fees. There is a creditor for £1,393 owed to EdenGate Travel which will be repaid in 2024. Page 8
Patrons International Notes to the flnancial statements for the period ended 30 June 2023 10 Taxatlon No liability to UK Corporation Tax arises in the light of (he company's charirable status. IJ Creditors: amounts falling due within one year 2023 2021 Trade creditor5 Taxalion and social security Pension creditor Other crediiors 1,080 125 138 66 3825 3.073 12 Unrestricted funds Balance at 31.12.2021 Balance at Income Expenditure 30.06.2023 General fund 4,075 98,783 (76,122) 26,736 Total unrestricted funds 4,075 98,783 (76.122) 26,736 Balance at 31.12.20 Balance at 31.12.21 Income Expenditure General Fund 10.460 24,094 (30.479) 4,075 10.460 24,094 (30,479) 4,075 Explanatioii offiiiids The Geiieralfuiid represents all income and expenditure relating to the primary focLTS activities of the charitable company, other than ihose for which funding is designated or restricted. 13 Donations pafid 2023 2021 City Church Dublin Acts 29 Christian Conference Association of Baplist Churches Ireland Evangelical Presbyterian Church Ireland Baptist Missions Refomied Presbyterian Chur¢h Ireland Biblica 43,659 1,000 14,985 2,000 2,000 2,000 2,000 1,000 59,644 9,000 Page 9