Company Registration Number: N1648897 Charlty Number: NIC108294 ECF Trust IA ¢ompany limited by guarantéè, not havin9 a Share capital) Annual Report and Audited Financial Statements for the financial year ended 31 December 2023 Daly Park & Cornpany Ltd Chartered Accountants 4 Carnegie Street Lurgan Cralgavon Co. Armagh BT66 6AS Northern Ireland
ECF Trust IA company limlted by guarantee. not having a share capital) CONTENTS Page Trustees, and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Auditor's Report 9- 11 Statement of Financial Activities 12 Balance Sheet 13 Statement of Cash Flows 14 Notes to the Financial Statements 15-20
ECF Trust IA cornpany limited by guarantee. not having a share capltall TRUSTEES, AND OTHER INFORMATION Trustees David Wylie Warwick Mecullough Jonathan Andrew Begg5 Alan Emerson Philip Emerson Company Secretary Leonard Adamson Charlty Number in Northern Ireland NIC108294 Company Registration Number N1648897 Reglstered Offieè and Principal Address 23a Castle Lane Lurgan Co. Armagh BT67 9BD Northern Ireland Auditors Daly Park & Company Ltd Chartered Accounlanls 4 Carnegie Street Lurgan Craigavon Co. Armagh BT66 6AS Northern Ireland
ECF Trust IA company limltad by guarantee, not having a shar& capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 December 2023 The trustees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report. and the audited financial slalements for the financial year ended 31 December 2023. The financial slalements are prepared in aecordance with the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. ststement of Recommended Practi applicable to charities preparing their financial ststements in ac¢ordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. The Trustees. Report contsins the information required lo be provided in the Trustees, Annual Report under the ststemenl of Recommended Practice ISORPI guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's eonslitulion are known as members of the board of Iruslees. In this report the Iruslees of ECF Trust present a summary of its purpose, governan. aclivilies. achievements and finances for the financial financial year 31 December 2023. The company is a registered charity and hence the report and results are presented in a fom which complies with the requirements of the Companies Act 2006 and, although not obliged to eomply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation ha$ implemented its recommendations where relevant in these financial slalements. Mission. Objectives and Strategy Mission Statement As a local church, it is our desire to outwork the mission and life of Jesus to those around us. Our vision statement is "lo help rewrite the story of Craigavon. Ireland and the Nations with the good news of the Kingdom of God.. Al Emmanuel. we seek lo be a community which is there to support one another bul also be equipped lo serve the people in our local area to demonstrate God's love in word and action. An example of our services and programmes are-. As a community of faith, we gather for coffee, connection, worship. and leaching on Sundays. Kids and youth environments on Sunday mornings. Midweek Lifegroups for various age groups. demographics elc. which offer study, training and support in the Christian life and service. We run several drop-in coffee mornings and evenings lo allow people who are lonelylisolated to gather. Provision of a food pantry lce per week and other compassionate support for people in need. Courses lo help explore the English language and how this helps express a multicultural, welcoming church environment. Review of Activitles, Achievements and Performance BUILDING PROJECT We lebrated the completion and occupancy of our new building in Meadow Lane, Portadown.11 has been such a joy to begin lo 'live into. the Inheritan of this particular space. We are paying back our loan at a lolal of £5k per month, with tithes and offerings more than adequately covering these costs. The building continues to be internally developed in light of the various ministry needs as they evolve. SUMMARY OF ACTIVITIES 2023 CHURCH COMMUNITY In Emmanuel Portadown, we have a regular weekly attendance of over 200 people. We We able to move into our new building in Meadow Lane in September 2023. This allowed us to have one service each Sunday moming and all the kids and youth In the same building. Our foyer is the heart of where we build family as we are able lo ¢onnect with one another over lealcoffee after our Sunday gatherings. We also use this space to develop other community and compassion activiti8s during the week as we developed more connections in the town and further afield. We have been able lo employ Trevor Kane for one day a week to help facilitate practical developments and health and safety standards within our new building. We have been able to bless both Alain and Chris with some lime for Sabbaticals, releasing them for some much needed rest and resloralion as they have pioneered Emmanuel Portadown. Since Alain's return from Sabbatical. he has taken on increased re5ponsibilily within the 2417 community which has released some funds back into the church body for further investment in employment as we seek lo see the ehurch become more established. IN-PERSON GATHERINGS With the move into our new building, we have seen the need for various ministries lo grow to help make Sunday
ECF Trust A company limited by guarantee, not havlng a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 December 2023 mornings funelion well. There has been a steady increase in attendance, with new faces coming along more regularly. We have also been able to develop an Additional Needs team to help support ehildren who require 1..1 so they can connect well in their appropriate leaming environments and see their families released into and nourished by the church community. The different gatherings each week have been life-giving to our congregation and enabled us to provide additional support to more vulnerable people. We were delighted lo be able lo have both baptism and dedication services over the year to welcome people into the church family. COURSES We have been running English classes weekly to help provide the increasing number of mulli-nalional families the Lord is bringing to our body. We currently have beeen 12-15 people attending each week. There has been much fruit from this ministry and we have been able to employ Cathy Gordon for one day a week to help facililale this and lo help grow our compassion ministries. Cathy is assisting many foreign nationals in the town with employment. housing and access lo various reSoUrS provided by the local councils. She is doing a tremendous job. LIFEGROUPS Our Lifegroups continue to meet every other week. With about 110 people meeting together across the town in about 17 groups. This year we were able lo delve deeper into our leaching series as resources have been made available through the Emmanuel Chureh app for lifegroup leaders to use. We have also eslabloshed an 'in house, lifegroup which serves as a taster group lo lrfegroup for those who are curious about exploring further. We have seen a few new lifegroups fomi from this which has been encouraging and others have been fed into exi$ting lifegroups. PRAYER With prayer in Portadown we are sharing our church space with ECL every other Wednesday night for Corporate prayer. A faithful group of 6-12 people meet every Friday night in the church car park to pray around the town. These have proved lo be great times of fellowship as well as prayer_ Our prayer room has been well established. running weekly on Fridays from 10am- 7pm. We have also recently had a week of prayer walking around our town, and have been able lo employ Karen McGuire for one day per week, sharing the cost and Kaien as a resource across both Emmanuel Lurgan and Emmanuel Portadown. Prayer ministy is offered after each Sunday morning service with training taking place for everyone on the teams. PASTORAL CARE Debbie Leech continues to provide pastoral support for the members of our Church body who require such in the various circumstances they find themselves in. We continue to support a wide range of individuals and families from those who have just had babies lo those recently bereaved and a eomplex range of needs. KIDS & TOTS On average we have around 9 pre-school children and 35 140 Primary School kids on a Sunday. having ju51 established our additional needs team for children in particular. We have 9 volunteers for Kingdom Tots.approximately 25 volunteers for kingdom kids, including 4 team leaders and 8 new volunteers for our Additional Needs team. Their topic for most of this year has been women of the bible. Sunday mornings have different areas set up and kids can rotste through with a group of kids their own age - our new building has facilitated this program really well as previously the children had been using the old Iceland building which involved maintaining sites in the interim. The programme includes Bible leaching, games. memory verses. worship and prayer. YOUTH We saw a big increase in the number of youth with about 12 10 18 each week. This also meant an increase in the number of volunteers to 7. They followed the Youth Alpha course and went deeper into the book of John. The youth also had several social evenings and barbeque$ lo build friendship5 and a sense of fun and community. joining with Emmanuel Lurgan and Cara lo build a sense of community across the churches within our borough. LOCAL MISSIONICOMPASSION CONNECT CAFÉ This environment provides a safe and fe ¢afe-styl8 environment where people can experien a warm welcome and a listening ear, they can get tea and snacks but also support, care and prayer. This environment averaged around 30- 40 visitors over the year with many people coming along regularty. FOOD PANTRY, FOODBANK & COMPASSION SERVICES We have been able to establish OUT Food Pantry in a purpose made room within the upstairs of our new facility. There is such demand for this service that Sharon has now established a second pantry session on a Friday morning loo. This area of support has been key lo help lfft the financial burden from those in the local community as well as provide practical financial management support. There is a wonderful team of volunteers who help facililale the running of this ministry. We continued to provide a food bank referrals seNice for those in need, ensuring that vital support was given in a timely manner. Additionally, signposting was provided to other support mechanisms lo provide a wrap-around
ECF Trust IA company limited by guarantse, not having a share capttall TRUSTEES. ANNUAL REPORT for the financial year ended 31 December 2023 service. CHRISTMAS SUPPORT PROGRAMME Targeted support was given over Christmas to those in need in our local community, including food hampers, fuel, electricity. and toys. The needs of our local community continue lo grow and the church seeks lo find new ways to bring solutions and support. We were also able lo bless the local community around the chuich with a token gift from everyone at Emmanuel Portadown. LOCAL MISSION PARTNERS As our posture is lo connect. support and work together across our communities we partner both practically, prayerfully, and financially with the following local organisations.. - 2417 Prayer Ireland - Aspire Nl - REACH LINKS Counselling Shalom Life Youth for Christ - CAP Emmanuel Portadown Craigavon Foodbank . CARA GLOBAL MISSION We may not be able lo go all over the world regularfy, but we believe il is our mandate lo connect, support and we partner both practically. prayerfully, and financially with the following global organisations.. 2417 Prayer Inlemalional Paul a Julie Swaffield IWEC Inlemalionall We continue lo financially and prayerfully support Wayne & Sue Robinson and their family who are living as missionaries in Madrid. Spain. They are part of the WEC team there and are still in the language leaming phase. while also developing connections lo the local community and supporting local churches and ministries. Keith and Sharon also spent some Financial Review The results for the financial year are sel out on page 12 and additional notes are provrded showing income and expenditure in greater detail. Financial Results Al the end of the ffnancial year the company has assets of £1,494,146 {2022 - £791,553) and liabilities of £392.969 {2022 - £58.96SI. The net assets of the company have increased by £368.589. Trustees The trustees who served throughout the financial year. except as noted, were as f¢ll¢)ws.' D8vid Wylie Warwick Mccullough Jonathan Andrew Beggs Alan Emerson Philip Emerson In aecordan¢e with the Constitution. the trustees tire by rotation and, being eligible, offer themselves for re-election. The secretary who seNed during the financial year was.. Leonard Adamson Compliance wlth Sector-wide Legislation and Standards The company engages pro-acb'vely with legislation. standards and codes which are developed for the sector. ECF Trust subscribes to and is compliant with the following". The Companies Act 2006 The Charities SORP IFRS 102)
ECF Trust IA company limlt•d by gLtaranto•, not havlng a 5hara ¢apitall TRUSTEES. ANNUAL REPORT for the financial year ended 31 December 2023 The Audltors The auditors, Daly Park & Company Limited, (Chartered Accountants) have indicated their willingness lo continue in office In accoidance wth the provlsions of Section 485 of the Companies Act 2006. Approved by the Board of Trustees on 28 June 2024 and slgned on Its behalf by: Phlllp Emers Diredor Warwlck Mccullough Dlrector
ECF Trust IA company limited by guarant••. not having a share capTrtall STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 December 2023 The Iruslees. who are also dlreclors of ECF Trust for tho purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the trustees as the directors lo prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial slalemenls in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl induding FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Enlilies}. Under company law the trustees musl not approve the finandal ststements unless they are satisfied that they give a true and fair view of the stale of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial slalements. the trustees are required to.. select suitable aecounling policies and apply them consislenlly., observe the methods and principles in the Charities SORP make judgements and aecounling estimates that are reasonable and prudent., state whether the financial statements have been prepared in accordan with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards.. and prepare the financial slalements on the going concern basis unless it is inappropriate lo presume that the company will continue in operation. The trustees are responsible for keeping adequate aOUntIng records that are sufficient lo show and explain the companys transactions and disclose with reasonable accuracy at any lime the financial position of the company and enable them lo ensure that the financial statements comply with the Companies Act 2006 and. 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. In so far as the trustees are aware.. there is no relevant audit information {infomialion needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware. and the trustees have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that infomialion. Approved by the Board of Trustees on 28 June 2024 and slgned on its bohalf by: Philip Eme Director on Warwick Mccullough Dire¢tOT
INDEPENDENT AUDITOR'S REPORT to the Members of ECF Trust IA company limitèd by guarantee. not having a sharè eapilall Report on the audlt of the financial ststements Opinion We have audited the company financial statements of ECF Tnjst I'the company'l for the finaneial year ended 31 December 2023 which comprise the Slalement of Financial Activities {incorporating an Income and Expenditure Account). the Balants Sheet, the Statement of Cash Flows and notes lo the financial stalemenls, induding the summary of significant accounting policies sel out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Standard and Accounting and Reporting by Charities.. Statement of Recommended Practi applicable lo charities preparing their accounts in accordan with FRS 102. In our opinion. when reporting in accordan with a fair presentation framework the financial ststements.. give a true and fair view of the slate of the company's affairs as al 31 De¢ember 2023 and of ils surplus for the financial year then ended., have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Pracbce.. and have been prepared in a¢cordance with the requirements of the Companies Act 2006 and the Charities Act (Northem Ireland) 2008. Basis for oplnlon We conducted our audit in accordance with Inlemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fUilled our other ethical responsibilities in accordan with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial ststements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that. individually or collectively. may cast significant doijbl on the company's ability lo continue as a going concern for a period of at least e1ve months from the date when the financial slalemenls are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going conrn are described in the relevant sections of this report. Other Information The other information comprises the infomialion included in the annual report other than the financial statements and our Auditorfs Report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly slated in our report, we do not express any fomi of assuran conclusion Ihereon. Our responsibility is lo read the other information and. in doing so. consider whether the other information is materially inconsislenl with the financial slalements or our knowledge obtained in the wurse of the audit. or otherwise appears to be materially misslaled. If we identify such material inconsislencie5 or apparent material misstatements, we are required to determine whether this gives rise lo 8 material misstalemenl in the financial statements themselves. If, based on the work we have performed, we conclude that there is a rnalerial misststemenl of this other infomialion, we are required to report that fact. We have nothing lo report in this Tegard. Opinlon on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Annual Report for the financial year for which the financial slalemenls are prepared is ¢onsislent with the financial slatemenls.. and the Trustees, Annual Report has been prepared in accordance with applicable legal requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of ECF Trust IA company limltèd by guarantee. not having a sharg capital) Matters on which we are rgquired to report by exception In the light of our knowledge and understanding of the company and ils environment obtsined in the course of the audit. we have not identified material misststemenls in the Trustees, Annual Report. INe have nothing lo report in respect of the following matters whete the Companies A¢t 2006 requires US to report to you if, in our opinion.. adequate accounting records have not been kept., or the financial statements are not in agreement with the accounting records and returns,. or ertain disclosures of trustees, remuneration specified by law are not made.. or the trustees were not entitled lo prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies, exemption in prepartng the Trustees, Annual Report. Responsibilities of trustees for the financlal statements As explained more fully in the Slalemenl of Trustees. Responsibilities sel out on page 7, the Iruslees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such inlemal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the company's ability to continue as a going concern. disclosing, as applicable. matters related lo going concern and using the going concern basis of accounting unless management either intends lo liquidate the company or to cease operations, or has no aliStiC alternative bul to do so. Auditorfs responsibilltles for the audit of the financial statements Our objectives are to obtain reasonable assuranee about whether the financial slalements as a whole are free from material misslatemenl, whether due to fraud or error. and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordan with ISAS {UKI will aayS detect a material misslalement when il exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud, are InStanS of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, lo delecl material misstatements in respect of irregularities. including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below.. There is an inhefenl difficulty in detecting irregularities during audit. However the effecttveness of entitys eonlrols. the nature and exlenl of audit procedures performed, gives us Confiden in detecting irregularits'es. Furthgr information regarding the scope of our responsibilities as auditor As part of an audit in accordance with ISAS IUKI. we exercise professional judgement and maintain professional sceplicism throughout the audit. We also.. Identify and assess the risks of material misslalement of the whether due lo fraud or error, design and perfomi audit ProdureS responsive lo those risks. and obtain audit evidence that IS sufficient and appropriate lo promde a basis for our opinion. The risk of not detecting a material misslalement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion, forgery. intentional omissions, misrepresentations. or the override of intemal control. Obtain an understanding of inlemal control relevant to the audit in order to design audit proeedurès that are appropriate in the circumstances, bul not for the purpose of expTessing an opinion on the effectiveness of the company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of 8ceounling estimates and related disclosures made by Iruslees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and. based on the audit eviden obtained. whether a material unrtainty exists related to events or conditions that may cast significant doubt on the companls ability to continue as a going concern. If we conclude that a material uncertainty exists. we are required to draw attention in our Auditorfs Report to the related disclosures in the financial Statements OT, if such disclosures are inadequate, to modfy our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Audilorfs Report. However, future events or conditions may aus8 the the company to cease lo continue as a going conrn. Evaluate the overall presentation, structure and content of the financial slatemenls, including Ihg disclosures. and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 10
INDEPENDENT AUDITOR'S REPORT to the Members of ECF Trust IA company Ilmlted by guarantee. not having a sharn capital) We communicate with those charged with governance regarding, among other matters, the planned scope and liming of the audit and signrficanl audit findings. including any significant deficiencies in internal control that we identify during our audit. DALY PA & COMPANY Chartere Accountants 4 Camegie Street Lurgan Craigavon Co. Amagh B T66 6AS Northem Ireland 28 June 2024 11
ECF Trust IA company limltèd by guarantee. not having a shar• capitsll STATEMENT OF FINANCIAL ACTIVITIES Ilneorporating an Income and Expondlture Accounti for the financial year ended 31 Dernber 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Unreslricled Restricted Funds Funds Funds 2023 2022 2022 Total Funds 2022 Notes Incoming Resources Donations and legacies Charitsble activities - Grants from governments and other co-funders Activities for generating funds Investrnenls 634,383 634.383 355.706 355,706 12,000 12,000 20 20 683 683 402 402 Total incoming resources 635,066 635,066 356,128 12,000 368.128 Resources Expended Charitsble activities 260,096 6.381 266,477 196,888 196.888 Net incomingloutgoing resources before transfers 374.970 (6.381) 368,589 159,240 12,000 171.240 Transfers betsveen funds Net movement in funds for the financial year 374,970 (6,3811 368,589 159.240 12,000 171.240 Reconciliation of funds: Total funds beginning of the year 14 720.588 12.000 732,588 561,348 561,348 Totsl funds at the end of the year 1.095.558 5.619 1.101.177 720.588 12,000 732,588 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing aclivilie5. The notes en page5 15 to 20 form part ofthe finanaal statements 12
ECF Trust IA company limited by guarantso. not having a $har8 ¢apitall Company Number: N1648897 BALANCE SHEET as at 31 December 2023 2023 2022 Notes Flxed Assets Tangible assets 1,428,499 393,590 Current Assets Debtors Cash at bank and in hand 10 11 17,206 48.441 13.377 384,586 65,647 397,963 Credltors: Amounts falling due wlthln one year 12 1392,9691 {58,965) Net Current ILiabllltlesllAssets {327.322) 338.998 Total Assets less Current Liabilities 1,101,177 732,588 Funds Reslricled trust funds Designated funds (Unrestricted) General fund {unrestricled) 5,619 1.054,370 41.188 12,000 322.322 398,266 Totsl funds 14 1.101.177 732.588 These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. The financial statements have been prepared in accordance with the provlsions applicable lo companies subject to the small companies, regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Standard. Approved by the Board of Trustees and authorlsed for issue on 28 June 2024 and signed on its behalf by Philip Emer Director Warwick MGCullough Dlrector The notes on pagès 15 to 20 form part orth8 fin8naal 5ts1gments 13
ECF Trust STATEMENT OF CASH FLOWS for the financial year ended 31 December 2023 2023 2022 Notes Cash flows from operating activities Nel movement in funds Adjustments for.. Depiecialion Interest receivable and similar income 368.589 171.240 14,942 16831 1.710 14021 382,848 172,548 Movements in working capital.. Movement in debtors Movement in creditors 13.9531 {1 S,9961 {2.9861 49,129 Cash generated from operations 362,899 218.691 Cash flows from Investing activities Interest received Payments to aequire tangible assets 683 11.049.851) 402 1191,6251 Net cash used in investment aelimties {1.049,168) 1191.2231 Cash flows from finaneing activities New short term loan Advances to subsidiarieslgroup companies 350.000 124 (3,5491 Net cash generated fioml{used inl financing activities 350,124 13.5491 Net (decrease}lincrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year (336,1451 384.586 23,919 360.667 Cash and cash equivalents at the end of the year 11 48,441 384,586 14
ECF Trust {A company limited by guarantee, not having a share eapitall NOTES TO THE FINANCIAL STATEMENTS for the finaneial year ended 31 December 2023 GENERAL INFORMATION ECF Trust is a company limited by guarantee incorporated in Northern Ireland. The registered office of the company is 238 Castle Lane. Lurgan, Co. Amiagh, BT67 9BD. Northern Ireland which is also the principal place of business of the company The financial ststemenls have been presented in Pound 1£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following a¢¢ounting policies have been applied consistsnlly in dealing with items which are considered material in relation to the charity's ffnancial stalemenls. Basis of preparation The financial statements have been prepared on the going concern basis under the historical cost convention, modified lo include rtain items al fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice ISORP} "Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As permitted by the Companies Act 2006. the company has varied the standard formats in that act for the Slalement of Financial Activities and the Balance Sheet. Departures from the standard fornials are lo comply with the requirements of the Charities SORP and are in compliance with section 4.7. 10.6 and 15.2 of that SORP. Statement of compliance The financial statements of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORPI "Aecounting and Reporting by Charities preparing their accounts in accordan with the Finaneial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Fund accounting The following are the categorises of funds maintained- Restricted funds Restricted funds represent ineome reiVed which can only be used for particular purposes, a5 specified by the donors_ Such purposes are within the overall objectives of the company. Unrestrlcted funds Unreslricled funds consist of General and Designated funds. General funds represent amounts which are expendable at the dis¢retson of the board. in fvrtherance of the objeelives of the company. Designated funds comprise unrestricted funds that the board has, al ils discretion, sel aside for particular purposes. These designations have an administrative purpose only. and do not legally restrict the board's di$¢relion to apply the fund. Incomlng Resources Voluntary income or capltal Is in¢luded in the Slalemenl of Financial Activities when the company is legally enlilled lo it, ils financial value can be quantled with reasonable certainty and there is reasonable certainty of its ultirnale reipt. Enlitlemenl to legacies 15 considered established when the company has been notified of a distribution to be made by the executors. Income reIVed in advance of due perfom)ance under a contract is a¢counted for as deferred income until earned. Grants for activities are recognised as income when the related Conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Resources Expended Al resour$ expended are accounted for on an accwals basis. Charitable activities include costs of services and grants. Support costs and depreciation on related assets. Costs of generating funds Sifnilarly include fundraising 8elivtlies. Non-staff costs not attributed lo one category of activity are allocated or apportioned pro-rata lo the staffing of the relevant service. Finan, HR, IT and adminislralive staff costs are directly attributable to individual activities by objective. Governance costs are those associated with conslilutional and statutory reqU1Ments. 15
continued ECF Trust {A company limited by guarantee. not having a share capltal NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 Tangible flxed assets and depreciation Tangible fixed assets are stated at cost or at valuation, less auMUlated depreciation. The charge lo depreciation is Calculated lo write off the original cost or valuation of tsngible fixed assets, less their estimated residual value. over their expected useful lives as follows.. Land and buildings freehold Fixtures. fittings and equipment 2% Straight line 25¥0 Straight line Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued al the amount prepaid nel of any trade diseounts due. Income recognised by the the company from government agencies and other co-funders. but not yel received at year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit al banks requiring less than three months notice of withdrawal. Taxation and deferred tatIOn No current or deferred taxation arises as the Company has been granted charitable exemption. Irrecoverable valued added lax 1$ expensed as incurred. Deferred tax is recognised in respect of all timing differences that have Originated bul not reversed at the balance sheet dale where transactions or events have occurred at that date that will result in an obligation lo pay more tax in the future. or a right lo pay less lax in the future. Timing differences are temporary differences beeen the company's taxable ineome and its results as slated in the financial ststements. Deferred lax is measured on an undiscounted basis at the tax rates that are anticipated lo apply in the periods in which the timing differences are expected lo reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 Donations and legacies 634,383 634.383 355.706 CHARITABLE ACTIVITIES Unrostrictgd Restricted Fund$ Funds 2023 2022 Grants from governments and other co-fundgrs: Income from charitable activities 12,000 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Other trading activities 20 INVESTMENTS Unrestrict8d Rgstrictgd Funds Funds 2023 2022 Investments 683 683 402 EXPENDITURE 16
continued ECF Trust {A company Ilmltsd by guarantee, not having a sharè capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 CHARITABLE ACTIVITIES Dlrect Costs Other Costs Support Costs 2023 2022 Expenditure on charitable aclivltes 14.942 251,535 266,477 196.888 SUPPORT COSTS Charitsble Activities 2023 2022 Adminislartion Costs Church Ministry Other Support Costs Rent Staff Costs 23,784 54.762 28.530 33,301 111,158 23,784 54,762 28.530 33,301 111,158 4,369 25,833 27,360 39.140 98.476 251,535 251.535 195,178 ANALYSIS OF SUPPORT COSTS 2023 2022 Administartion Costs Church Ministry Other Support Costs Rent staff Costs 23,784 54.762 28.530 33.301 111,158 4,369 25,833 27.360 39.140 98.476 251,535 195,178 NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are stated after chargingllcreditingl: Depreciation of tangible assets Audilorfs remuneration.. audit services 14.942 1,710 2,400 INVESTMENT AND OTHER INCOME 2023 2022 Bank interest 683 402 EMPLOYEES AND REMUNERATION The staff costs comprise.. 2023 2022 Wages and salarie$ Pension costs 108.920 2,238 96.345 2.131 111,158 98,476 17
continued ECF Trust IA company limited by guarantee, not havlng a sharè capilall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 TANGIBLE FIXED ASSETS Land and Flxtures, buildings fittings and freehold equipment Totsl Cost Al 1 January 2023 Additions 389,428 1.000.616 6,746 49,235 396,174 1.049.851 At 31 December2023 1.390.044 55.981 1,446,025 Deprgciation At 1 January 2023 Charge for the financial year 46 947 2,538 13,99S 2,584 14,942 Al 31 December 2023 993 16,533 17.526 Net book value At 31 Dember 2023 1,389,051 39.448 1.428.499 Al 31 December 2022 389,382 4,208 393,590 10. DEBTORS 2023 2022 Trade debtors Amounts owed by connected parties (Note 17} Prepayments and accrued income 5.062 fj.176 5,968 4,200 6,300 2.877 17,206 13,377 11. CASH AND CASH EQUIVALENTS 2023 2022 Cash and bank balances 48,441 384.586 12. CREDITORS Amounts falllng due within one yoar 2023 2022 Propety Loan Trade creditors Taxation and social security costs Other creditors Accruals and deferd in¢ome 350,000 39,761 324 {5001 3.384 51.243 845 3.700 3,177 392,969 58.965 13. RESERVES 2023 2022 At the beginning of the year Surplus for the financial year 732.588 368.589 561.348 171.240 Al the end of the year 1,101,177 732,588 18
continued ECF Trust IA company Ilmltèd by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 14. FUNDS 14.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Restrictgd Funds Funds Total Funds Al 1 January 2022 Movement during the financial yeai 561,348 159,240 561.348 171.240 12,000 Al 31 December 2022 Movement during the financial year 720.588 374,970 12.000 {6.3811 732,588 368.589 At 31 De¢ember 2023 1.095.558 5,619 1,101.177 14.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2023 Income Expenditurg Transfers Balance betwggn 31 December funds 2023 Restricted funds Wilson Trust Grant Unrestricted fund$ Mission Fund Building Fund Unreslricled General 12,000 6,381 5.619 1.300 321,022 398,266 1.300 733.348 1733.348} 1,054,370 41.188 63S.066 258,796 720.588 635.066 1260,096) 1,095,558 Total funds 732.588 635.066 266,477 1,101.177 15. STATUS The company is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute lo the assets of the company in the event of its being wound up while they are members. or within one year thereafter, for the payment of the debts and liabilities of the company Contracted before they ceased to be members. and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves. such amount as may be required. not exceeding £ 1. 16. CAPITAL COMMITMENTS 2023 2022 Details of capital eommitments al the accounting dale afe as follows= Appioved but not yet contracted for 710,000 17. RELATED PARTY TRANSACTIONS The company had transactions with other connected parties. The foll¢)wing amounts are receivable at the financial year end.. Balance Movgment 2023 In financial year Balance 2022 Maximum in financial year 6.176 1124) 6.300 19
onlinued ECF Trust IA company Ilmlted by guarantee. not having a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 The Emmanuel Church Lurgan Trust is a Related Party, operating and registered in Northern Ireland. At the year end £6.176 owed lo ECF Trust for management services provided lo The Emmanuel Trust Church Lurgan Trust. At the year end £2.550 was also owed to The Emmanuel Lurg8n Trust for services provided to ECF Trust. During the year £72,498 was donated from The Emmanuel Church Trust lo ECF Trust Building Fund. 18 RECONCILIATION OF NET CASH FLOWTO MOVEMENT IN NET DEBT Opening balance Cash flows Closing balance Short-term borrowings 1350,0001 {350.0001 Total liabilltles from flnancing activities (350.000} 1350.0001 Total Cash at bank and in hand {Note 111 48,441 Total net debt 1301.5591 19. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 20. TRUSTEE REMUNERATION None of the Trustees reiVed or waived any kind of remuneration for their servitss as Trustees during the current or previous financial year. 20