Company Registration Number.. N1648897 Charity Number.. NIC108294 ECF Trust IA company limited by guaranteg. not havlng a share capltal Annual Report and Unaudited Financial Ststements for the financial year ended 31 December 2024 Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Craigavon Co. Amiagh BT66 6AS Northern Ireland
ECF Trust IA company limited by guaiantee, not having a shale capltall CONTENTS Page Trustees, and Other Information Trustees, Annual Report Slatement of Trustees, ResP0Tr5ibililies and Declaration on Unaudited Financial Statements Independent Examiner's Report 10 Statement of Financial Activities Balance Sheet 12 Notes lo Ihe Financial Statements 13- 17
ECF Trust IA company Ilmlted by guarantèe, not having a share capitsll TRUSTEES, AND OTHER INFORMATION Trustggs David Wylie Warwick Mccullough Jonathan Andrew Beggs Alan Emerson Philip Emerson IResigned 3 Dember 20241 Alain Emerson (Appointed 3 Dember 20241 Keith Mccollum (Appointed 3 December 20241 Company Secretary Joanne Briggs IAppointed 3 Dember 20241 Leonard Adamson (Resigned 3 December 20241 Charity Number In Northern Ireland NIC108294 Company Reglstration Numbor N1648897 Registered Office and Principal Address 23a Castle Lane Lurgan Co. Am)agh BT67 9BD Northern Irèland Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Craigavon Co. Armagh BT66 6AS Northern Ireland
ECF Trust IA company limited by guarantee, not having a Share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 Dember 2024 The Iruslees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report, and the unaudited financial statements for the financial year ended 31 December 2024. The financial slalemenls are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Repcirting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their financial statements in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Trustees, Report contains the information requifed lo be provided in the Trustees. Annual Report under the Statement of Recommended Practice ISORPI guidelines. The Iruslees of the company ale also charity Iruslees for the purpose of charity law and under the company'5 constitution are known as members of the board of trustees. In this report the trustees of ECF Trust present a summary of its purpose, governance, aclivilies, achievements and finances for the fi'nancial year 31 Deceml)er 2024. The company is a gIStered charity and hence Ihe report and results are presented in a form which complie5 with the requirements of the Companies Act 2006 and, although not obliged lo comply with the Slalement of Recommended Prttcli applicable in the UK and Republic ol Ireland FRS 102, the organisalion has irnplemented ils recommendations where relevant in these financial statements. Mission, Objectlves and Strategy Mlsslon Ststemgnt As a local church, il is tsur desire lo OUOrk the mission and life of Jesus lo those around us. Our vision slalemenl is "to 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 but also be equipped lo serve Ihe people in our local area to demonstrate God's love in word and action. An example of our services and programmes are.. As a cornmunity of faith, we gather for coffee. connection, worship, and leaching on Sundays. Kids and youth environrnenls on Sunday momings, - Midweek Lifegroups for various age groups, demographics etc. which offer study. training and support in the Christian life and service. We rLJn several drop-in coffee mo¥nin9s and evenings to allow people who are lonelylisolaled lo gather. Provision of a food panty iwice per week and other compassionate support for people in need. Courses lo help explore the English language and how this helps express a mulliculiural. welcoming church environment. Building Project. We have been operating in our new building for one year and have been developing many of the spaces lo maximise ministry. We are paying back our 108n al a lolal of £5k per month, with lilhes and offerinos more Ihall adequately covering these cos15. Thg building continues lo be inlemalty developed in order lo meet the needs of our ConggatiOn and local community. During the year, we established a ' building management team. who meet the limes a year lo help ensure all health and safety requiremen15, policies and procedures are adhered lo. We continue lo have a lol of interest from various ageneies about using the building. To dale we have been able lo facilitate room hire and community space provision for Links Counselling. Vital Connexions. Coalition 91 Christian Voices Against Poverty. Armagh Banbridge Cr2iggvon Council. Nl Housing Executive, Craigavon Area Compassion Project I Craigavon Affta Food Bank, Lisbum City Choir, Chamber of Comrnercelcounsel. Foster and Adoption support group, REACH. Craigavon YFC and Trussell Trust. Governance Our Board of Directors have met regularly and have undertaken a full programme of board strategic and govemance activity throughout the year. All company directors have confirmed their willingness and eligibility lo act as a Director and have declared that they do not have any conflict of interest in doing so. Conflicts of Interest dLJring board meeting5 are managed as per our agreed policy. There are no related parties or signifieanl interest lo be noted. Apart from the lead Pastor, Directors are unpaid and are not remunerated for their trusteeship. New Directors are recruited as per the Mem()randum and Articles of Association. During the year, the Board was slrenglhened by new members. This helps lo diversify board membership and ensures a broad range of skills and experience at Board level. A review of the Articles of Association has occurred during the year which amended the charitable objects to better describe the charitable work of ECF Trusl and lo improve the governance arrangements of the Company. As we look ahead lo next year, and the continued development of close partnership working with Emmanuel Church Lurgan, the Board of Directors will conduct a due diligence review regarding merging the 2 ehartlable trusts so that governance arrangements better reflect the one vision, mission and operations of the churche5 across the City of Craigavon.
ECF Trust IA company limited by gvarantee, not haviny a Share capitsll TRUSTEES, ANNUAL REPORT for the financi81 yeai ended 31 December 2024 Review of Activities, Achlevements and Performance Church Community In Emmanuel Portadown, we have a regular weekly attendance of approximately 220 people. We have seen a number of salvations over the past year and il has been beautiful lo have a"hDme' in which people can find family. We continue lo meet for one morning service on a Sunday morning, and il is such an encouragement lo see so many new people become welcomed and inlegraled into the church family. Our foyer facililales a great family 'feel' as we are able lo ¢onnecl with one another over lealcoffee after our Sunday galtterings. We also use this space lo develop other community and compassion activities during the week as we develop more onnections in the town and further afield. Our Caretaker continues lo help facililale practical developments and implement the neSSary health and safety standards within our building which have been progressing well. In-person gatherings We are continuing lo see the benefit of our leaching that was delivered throughout our 'God Story, serie5. 11 has been an encouragement lo see so many peoplo receive revelation that their story is interwoven in God's bigger story. As our church family grows we have had lo be adaptable in how we use the various spaces within the building. There has been a steady increase in attendance. with new laces coming along more regularly We have begun the process of developing the sensory room, however this will require additional funding lo develop the space fully. The various gatherings each week have been life-giving lo our congregation and enabled us 19 provide additional support lo more vulnerable people. We were delighted to be able lo host both nine baptisms and lols of dedication services for the many babies born into our ehurch family over the year. Our faithful volunteers remain key lo how our Sunday services and weèkly ministries operate. 11 lakes 160 people serving on rota ID make Sundays happen in their current formaL And we are grateful for their commitment and heart as they do so. Courses We have seen an increase in the number of thos8 attending our English classes every week, anywhere beeen 12 to 28 people corne along. This is such a vital and fruitful ministry which helps provide support lo the increasing number of foreign national families God is bringing lo our body. This environment is delivered by 14 volunteers and 1 staff member who f051er a real sense of community for people from all over the world. In addition. the church provides one-tD-Dne support for many people from the migrant community in lemis of employment. housing and access lo various resources. This is carried out in partnership with various local stslulory agencies and charities. We have been able to host two Newcomerfs Cafe environmenls which create a More inlimale environment lo gel lo know those who are new lo the body. Following this we had 15 people attend our 'Believing and Belonging, course which provides a wonderful opportunity lo share our key Vision and Values. Lifegroups Our Life groups continue lo meet every other week, with about 110 people meeting together across the town in 17 groups. This is a key element of our church for building community and connection amongst a growing congregation. This year we were able lo delve deeper into our God Story series as the small group guides proved a useful resource. Prayer Gathered Prayer look on a slightly differenl form this year, by changing venues lo the Glas5 space in Lurgan and The Hub in Portadown. 11 continues lo run every Dlher week alternating between these venues with a new starting lirne of 7.30pm. A faithful group of 6-10 people rneel every Friday night in the church car park lo pray around the town. These have proved lo be great limes of fellowship as well as prayer. Our prayer room has been well established, running weekly on Fridays from 1 Oam- 7pm. It is our drearn lo see this continue lo grow and an appetite for the presence of the Lord lo increase. Prayer ministry is offered after each Sunday morning service with training taking place for all volunteers on the teams. These teams also help lacililale prayer in spaces like Nua and the Tobar conference. We have also seen weekly prayer points established that are communicated across various social media and communications plattorms, including our Friday email, all with the aim lo create a more sustained, infomed and specific culture of prayer. It has been both a joy and an encouragement to see our part time prayer coordinator lead this area so passionately and diligently and to feel the spiritual temperature increase across both churches. It has also been an encouragement lo see coordination of our Prophetic Ministry across Emmanuel Lurgan and Emmanuel Portadown. Training and support happen monthly, whilst also creating an avenue for collective prayer. Pastoral Care Our part lime Paslofal Care Coordinator oversees pastoral support for the members of our chureh body who require specific support in their lives. We continue lo support a wide range of individuals and families from those who have just had babies lo those recently bereaved and a complex range of needs.
ECF Trust IA company limited by guarantee. not having a share capltall TRUSTEES, ANNUAL REPORT for the financial year ended 31 December 2024 Kids &Tols On average we have around 9 pre-school children and 30 Primary School kids on a Sunday. Our additional needs team continues lo evolve. offering support for anywhere belween and four children on any given Sunday. We have made an initial start on fumishing the sensory room which for now gives those children that require it. a safe space lo encounter Jesus during our Sunday morning sessions. Looking lo next year, we see the development of our additional needs provision as being a key priority for the church. We have 9 volunteers for Kingdom Tots, approximately 27 volunteers for kingdom kids, including 4 team leaders and 8 volunteers for our Additional Needs team. It has been really wonderful lo facililale all of our kids accessing the God Story alongside our adult members of the church family. What has also been really beautiful is that we were leaching the same topics as Emmanuel Lurgan which is slrenglhening connections across the city. Sunday mornings have different areas sel up and kids can rotate through with a group of kids their own age. The programme includes Bible leaching, games, memory verses, worship and prayer. Youth Our youth ministry continues lo expand. We now average 30 youth each week, which will increase again come September. We eurrenlly have 9 volunteer leaders facililaling this on a three weekly cycle. Our young people have also been delving deeper into the God Story alongside our leaching theme. 11 was a joy lo see them lead a song during our Carol servi, and we have seèn youth worship mornings estsblishgd once every months. Whilst our youth programs are supported by a dedicated team of volunteer leaders. we are hopeful that a part-lime youth worker can be etnployed in the coming year. We have begun lo fumish our youth room thanks to an anonymous donation, however il does require more funds lo purchase more teen friendly resources. Safeguarding is overseen by a volunteer leaderwith expertise in this area. with regular training carried out for volunteers in all of our environments throughout the year. Local Mission I Compassion Connect Café This environment provides a safe and free cafe-style environment where people can experience a wami welcome and a listening ear. they Can gel tea and snack5 bul also SUPPOrt, care and signposting ID other support mechanisms. This envirollment averaged around 40-50 weekly visitors over the year facilitated by 12 volunteer5 . Over the winter months we have provided a soup lunch on a regular basis to supplement the service we provide. Food Pantry, Foodbank & Compassion servi5 With increasing demand Dn our Freedom Foods Pantry both our Thursday evening and Friday morning sessions continue lo be a busy hive of activity connecting people with practical support and community. Freedom Foods Panty is part of the Your Local Pantry UK wide network of Social Supermarkets. Our social supermarket is connected into the strategic plan for the ABC Council area, working with the ABC Community Food Hub and four other panty's lo cover the whole council area. This area of support continues lo be key lo help lift the f1nancial burden from those in the local community as well as provide practical financial management support. There is a wonderful team of 24 volunteers who help facililale the running of Ihis ministry led diligently and ably by Dur Pantry coordinator. Those from the community who come lo Pantry report how well they are loved which speaks volumes as lo the level of care taken by our team. Hope Café continues lo operate once a month on a Friday evening, creating space for connection through craft, games and music, all over a cup of lea and coffee. Emmanuel Portadown has a strategic partnership with Craigavon Area Food Bank and we act as a distribution centre for this vital community seNice. Working alongside the food bank, we continue lo provide food bank referrals for those in need, ensuring that vital support is given in a timely manner. Additionally. signposting is provided lo other support mechanisms lo provide a wrap-around service. Christmas Support Program Targeted 5UPPOrt was given over Christmas to those in need in our local comsnunity, including food hampers, fuel, electricity. and toys. The needs of our local community continue to grow, and the church seeks to find new ways lo bring solutions and support. We were also able lo bless the local community around the church with a token gift from everyone al Emmanuel Portadown. Christmas dinner for 80 attendees Christrnas movie night- 50 in attendan 120 hampers delivered Hope Cafe open on Boxing Day - Chosen Christmas special Local Mission Partners We hosted a café typ8 environment as a means of connection with our community during the "Country Comes to Town" event, which happens annually during the month of September in Portadown. Our location, right beside key car
ECF Trust IA company limited by guarantee. not having a share capital TRUSTEES. ANNUAL REPORT for the financial year ended 31 Dember 2024 parks. was helpful to create a relaxed. open environment for people lo call for a cup of coffee and a chat. We also had a team of people sharing invilaliong around the town which helped lo draw people in. As our posture is lo connect, support and work together across our communities we partner practically, prayerfully, and financially with the following local organisalions.. 2417 Prayer Ireland Aspire Nl REACH LINKS Counselling Shalom Life Youth for Christ Shalom Life Craigavon Area CompaSSIDn Project l Food Bank D &C Bailie Ballina Home for Good CARA Craigavon Global Mission We may not be able lo go all over the wodd regularfy, bul we believe il is our mandate lo Connect and support global mission. We partner practically, prayerfully, and financially with the following global organisalions.. 24 7 Prayer International P & J Swaffield IWEC Inlernalionall Elam Ministries . Open Doors We continue lo financially and prayerfully support W & S Robinson and their family who are living as mi55ionaries in Madrid, Spain. They are part Of the WEC team there and are still in the language learning phase, while also developing connections lo the local community and supporting local churches and ministries. A small team, led by of our Elders. spend lime with them online with a prayer group, helping lo support and encourage Ihom. Financial Review The sUItS for the financial year are set out on page 11 and additional notes are provided showing income and expenditure in greater detail. Flnan¢lal Results Al the end of the financial year the company has assets of £1.465,97012D23 - £1,494,1461 and liabilities of £296.675 12023 - £392.9691. The nel assets of the company have in¢roased by £68.118. Trustees The Iruslees who served throughout the financial year. except as noted, were as follows.. David Wylie Warwick Mccullough Jonathan Andrew Beggs Alan Emerson Philip Emerson (Resigned 3 December 20241 Alain Emerson IAppoinled 3 December 20241 Keith Mecollum (Appointed 3 December 20241 In accordance with the Constilulion, the Iruslees retire by rolation and, being eligible, offer themselves for re-election. The secretaries who served during the financial year were.. Joanne Briggs (Appointed 3 December 20241 Leonard Adamson IResigned 3 Dernber 20241 Compliance with Sector-widg Legislation and Standards The company engages pro-actively with legislation, standards and codes which are developed for the sector. ECF Trust subscribes lo and is compliant with the following.. The Companies Act 2006 The Charili$s SORP IFRS 1021
ECF Trust IA company lirnited by guarantee, not havlng a shar• capltall TRUSTEES. ANNUAL REPORT for the financial year ended 31 Dember 2024 Approved by the Board of Trustees on 26 June 2025 and slgned on Its behalf by.. Alaln Emer50n Trustee Warwick Mccullough Director
ECF Trust IA cornpany limited by guarantèe. not having a share capltall STATEMENT OF TRUSTEES, RESPONSIBILITIES AND DECLARATION ON UNAUDITED FINANCIAL STATEMENTS for the financial year ended 31 December 2024 General responsibilitles The Iruslees, who are also direclgrs of ECF Trust for the purposes of company law. are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the Iruslees as the directors lo prepare financial statements for each financial year. Under that law the Iruslees have elected lo prepare the financial statements in accordance with United Kingdom GeneralSy Accepted AOUntIng Practice (United Kingdom Accounting Standards and applicable lawl including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Enliliesl. Under Company law the Iruslees musl not approve the financial ststemenls unless they are satisfied that they give a true and fair view of the stsle of affairs of th9 company and of the surplus or deficit of the company for that period. In preparing these financial stalemenls, the twstees are required lo.. select suitable accounting policies and apply them consislenlly., make judgements and eslimales Ihal are reasonable and prudent.. slate whether the financial slalemenls have been prepared in accordance with the relevant financial reporting framework. identify those standards, and note the effect and the reasons for any material departure from those standards., and prepare the financial slaleTnents on the going concern basis unless it is inappropriate lo presume that the company will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial slalemenls. The Iruslees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Company's IransacliDns and disclose with reasonable accuracy al any lime the financial position of the company and enable them lo ensure that the financial slalemenls 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. Trustees, declaratlon on unaudited financial statements In relation lo the financial slalemenls comprising the Slalemenl of Financial Aclivit'es lincorporattng an Income and Expenditure Accountl, the Balance Sheet and the related notes.. The trustees approve these financial slalemenls and confirm that they are responsible for them. including selecting the appropriate accounting policies, applying Ih&m consislenlly and making. on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going conrn basis on the grounds that the charity will continue in oporalion. The Iruslees confirm that they h2ve made available lo Daly Park & Company Ltd, Chartered Accountants. all tho company's accounting records and provided all the informab"on, books and docutnenls necessary for the compilation of the financial slalemenls. The Iruslees confirm that to the best of their knowledge and belief. the accounting records reflect all the transactions of the company for the financial year ended 31 December 2024. Approved by the Board of Trustees on 26 June 2025 and signed on its behalf by- Alaln Emerson Trustee Warwick M¢Cullough Dlrector
ECF Trust IA company limited by guarantèe, not having a share capitsll INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF ECF TRUST We have examined the financial ststemenls of the cornpany for the finan81 year ended 31 Dember 2024. which cornprise the Statement of Financial Activities lincorporaling an Income and Expenditure Aceounll, the Balance Sheet and the related notes. Respective responsibilities of trustees and examiner The company's Iruslees Iwho are also the directors of the company for the purposes of company lawl are responsible for the preparation of the financial slalemenls in accordance with the requirements of the Companies Act 2006. The company's iruslees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It is our responsibility to-. examine the financial statements under section 65 01 the Charities Act". follow the procedures laid dc)wn by the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charib'es Act., and slate whether particular matters have come to our attention. Basls of Independent examiner's report We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the gener81 Directions given by the Charity Commission for Northem Ireland under section 651gllbl of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial slalemenls presented with those records. 11 a150 includes consideration of any unusual items or disclosures in the financial slalemenls and seeking explanation5 from the Iru51ee5 CC)nceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an altdit and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited lo those matters sel out in the slalemenl below. In connection with our examination, no matter has com@ lo our allenlion which gives us causg lo believe that in. any material respect.. accounting records were not kept in accordance with section 386 of the Companies Act 2006 the financial statements do not accord with those accounting records th8 financial statements have not been prepared in accordan with the accounting requiremen15 Of section 396 of the Companies Act 2006 and with the methods and principles of the Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R&public of Ireland IFRS1021 there is further infomat'on needed for a proper understanding of the accounts lo be reached. Independent examlnerf5 Statement We have no concerns and have come across no other matters in connection with the examination lo which attention ho be drawn in this r ort in order lo enable a proper understanding of the financial statements lo be reached. LY PARK & COMPANY hartered Accountants 4 Carnegie Slregt Lurgan Craigavon Co. Amiagh BT66 6AS Northern Ireland TD Date.. 26 June 2025 10
ECF Trust IA company Ilmlted by guarantèè, not havlng a share capilall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expendlture Account) for the financial year ended 31 Dècember 2024 Unrestrlcted Reslricted Funds Funds 2024 2024 Total Unreslricled Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notgs Incoming Resources Donations and legacies Investments 369,718 201 369.718 201 634,383 683 634.383 683 Total incoming resources 369,919 369,919 635.066 635,066 Resources Expended Charitable activities 296.182 5.619 301,801 260,096 6,381 266,477 Ngt ineomingloutgoing rpsources before transf¢ 73.737 15.6191 68,118 374,970 {6,3811 368,589 Tran$fers beNveen ftjnds Net movement In funds for the financial year 73,737 15,6191 68,118 374,970 16,3811 368,589 Reconciliation of funds- Total funds beginning of the year 13 1.095,558 5,619 1,101,177 720.588 12,000 732,588 Total funds at the end of the year 1,169,295 1,169,295 1,095.558 5.619 1,101,177 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate lo continuing activities. The notes on pages 13 to 17 fomi part of the financial statements
ECF Trust IA company lirnited by guarantoo, not having a share capltall Company Nufflber.. N1648897 BALANCE SHEET as a131 December 2024 2024 2023 Notes Fixed Assets Tangible assets 1,398,883 1.428,499 Current Assets Debtors Cash al bank and in hand 10 11.267 55,820 17,206 48,441 67.087 65,647 Creditors: Amounts falling due within one year 11 {296,675) 1392,9691 Net Current Liabilitlgs 1229,588} 1327,3221 Total Assets less Current LlabilitiBs 1.169,295 1,101,177 Funds Reslricled trust funds Designated funds IUnreslricled} General fund lunrestrictedl 5.619 1,054,370 41,188 1.113,883 55,412 Total funds 13 1,169.295 1.101,177 These financial slalements have been prepared in accordance with the special provisions relating lo small companies within Part 15 of the Companies Act 2006. For the financial year ended 31 December 2024 the company was enlilled to exemption from audit under section 477 of the Companies Act 2006.. and no noti has been dapositad under section 476. The Iruslees confirm that the members have not required the company lo obtain an audit of ils financial statements for the financial year in question in accordance with section 476 of the Compaiii&S Act 2006. The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial slalemenls which give a true and fair view of the slate of affairs of the company as al the end of the fi'nancial year and of its profil and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo financial slalemenls, so far as applicable lo the company. The financial stslements have b8en prepared in accordance with the provisions applicable lo companies subject to Ihg 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 thg Board of Trustees and authorlsed for Issue on 26 June 2025 and slgned on Its behalf by Alain Emerson Trustee Warwlck Mccullough Director The notes on pages 13 to 17 form part of thè finan#1 sta18ments 12
ECF Trust IA company lirnited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS lor the financial year ended 31 December 2024 GENERAL INFORMATION ECF Trust is a company limited by guarantee incorporated in NDrthem Ireland. The registered Offi of the ompany is 23a Castle Lane. Lurgan, Co. Armagh, BT67 98D. Northern Ireland which is also the principal place of business rjf the company The financial slalements have been presented in Pound (£1 which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation lo the charity's financial slalemenls. Basis of preparatlon The financial stslemenls have been prepared on the going concern basis under the historical cost convention, modified lo include certain items al fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applyin9 Section 1A of that Standard. As pem)itted by the Companies Act 2006, the company has varied the standard formals in that act for the Slalement of Financial Activities and the Balance Sheet. Departures from the standard formals are lo comply with the iequiremenls of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. statement of compllance The financial statements of the company for the financial year ended 31 December 2017 have been prepared on the soing concern basis and in accordance with the Slalement of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing their acetrunts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Fund accounting The following are the Categories of funds maintained.. Restricted funds Restricted funds represènt income received which can only be used for particular purposes, as specified by the donor5. Such purposes are within the overall objectives of the company. Unrestricted funds Unreslricled funds consist of General and Designated funds. General funds represent amounts which are expendable al the discret'on of the board. in furtheran of the objectives of the CDmpany. Designated funds comprise Ltnrestricted funds that the board has, al its discretion, sel aside for particular purposes. These designations have an adminislralive purpose only, and do not legally restrict the board'5 discretion to apply the fund. Ineoming Resources Voluntary income or capital is included in the Slalement of Financial Aelivities when the company is legally entitled lo it. its financial value can be quantified with reasonable certainty and there is reasonable certainty of ils ultimate receipt. Enlillemenl lo legacies is conSided established when the company has been notrfied of a distribution lo be made by the executors. Income reiVed in advance of due porformance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for leg81 entitlement have been mel. All other income is accounted for on an aecruals basis. Resources Expended All resources expended are accounted for on an accruals basis. Charitable activities include costs of servi8 and grants, support costs and depreciation on related assets. Costs ol generating funds similarly include fundraising activities. NL)n-slaff costs not attributed lo one category of activity are allocated or apportioned pro- rala to the staffing of the relevant service. Finance, HR, IT and adminislralive staff costs are directly attributable lo individual activities by objective. Governan costs are those assoeialed with constitutional and statutory requirements. 13
continued ECF Trust IA company limited by guarantee, not having a share ¢apitall NOTES TO THE FINANCIAL STATEMENTS for the financial yeai ended 31 Dernber 2024 Tangible fixed assets and depreciation Tangible fixed assets are slated al cost or al valuation, less accumulated depreciation. The charge lo depreciation is calculated lo write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows.. Land and buildings freehold Fixtures. fittings and equipment 2Vo Siraighl line 25% Slraighl line Debtors Debtors are r8cognised al the settlement amount dLte after any discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. Income recognised by the company from government agencies and other co-funders, but not yel received al year end, is included in dobtors. Cash at bank and in hand Cash 81 bank and in hand Comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxation and deferred taxatlon No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added lax is expensed as incurred. Deferred lax is recognised in respect ol all liming diffeienees that have originated bul not reversed al the balance sheet dale where transactions or 8venls have 0Urred al that dale that will result in an obligation lo pay more lax in the future, or a right to pay less lax in the future. Timing dIfferenS are temporary differences between the company's tsxable income and its results as slated in the financial statements. Deferred tax is rneasured on an undiscounted basis al the lax rates that are anlicipaled lo apply in the periods in which the liming differences are expected lo reverse, based on lax rates and laws that have been enacted or subslanlively enacted by the balance sheet dale. INCOME DONATIONS AND LEGACIES Unrestrlcted Restrlcted Funds Funds 2024 2023 Donations and legacies 369.718 369,718 634,383 INVESTMENTS Unrestricted Restricted Funds Funds 2024 2023 Investments 201 201 683 EXPENDITURE CHARITABLE ACTIVITIES 2024 2023 Costs Expenditure on charitable activities 301,801 301,801 266,477 14
continued ECF Trust IA company Ilmited by guarantee, not having a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 Dernber 2024 SUPPORT COSTS Charitable Activities 2024 2023 Adminislralion Costs Church Ministry Other Support Costs Support Staff Costs 25,859 60,833 35,477 39,030 140,602 25,859 60,833 35,477 39,030 140,602 23,784 54,762 28,530 33.301 111,158 301.801 301,801 251.535 ANALYSIS OF SUPPORT COSTS 2024 2023 Adminislralion Costs Church Ministry Other Support Costs Support Staff Costs 25.8S9 60.833 35,477 39.030 140.602 23.784 54,762 28,530 33,301 111.158 301,801 251,535 NET INCOMING RESOURCES 2024 2023 Net Incoming Resources are stated after chargingllcr9ditingl: Depreciation of tangible assets Independent Examinees remuneration.. independent examination services 34,120 14,942 1,800 2,400 INVESTMENT AND OTHER INCOME 2024 2023 Bank InteSt 201 683 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed (including executive Irusleesl during the financial year was as follows.. 2024 Number 2023 Number Employees The staff costs comprise.. 2024 2023 Wages and salaries Pension costs 138,219 2,383 108,920 2,238 140,602 111,158 15
continued ECF Trust IA company limtted by guarantèe, not having a share capitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 TANGIBLE FIXED ASSETS Land and Fixtures, buildings tittings and freehold equipment Total Cost At 1 January 2024 Additions 1,390,044 4,504 55.981 1,446.025 4,504 Al 31 December 2024 1,394.548 55,981 1,450,529 Depreclatlon Al 1 January 2024 Charge for the financial year 993 20,125 16,533 13,995 17.526 34,120 Al 31 Dember2o24 21,118 30,528 51,646 N9t book value Al 31 December 2024 1,373,430 25,453 1,398,883 Al 31 December 2023 1,389.051 39,448 1,428,499 10. DEBTORS 2024 2023 Trade debtor5 Amounts owed by connected parties INole 161 Prepayments and accrued income 7,867 {9471 4,347 5,062 6,176 5,968 11,267 17,206 11. CREDITORS Amounts falling due within one year 2024 2023 Property Loan Trade creditors Taxation and stscial security costs Other creditors Accruals and deferred income 285,000 5.306 4,300 Isooi 2.569 350,000 39,761 324 15001 3,384 296,675 392,969 12. RESERVES 2024 2023 Al the beginning of the year Surplus for the financial year 1,101,177 68,118 732,588 368,589 Al the end of the year 1,169,295 1.101,177 16
continued ECF Trust IA company lirnited by guardntee, not havlng a sharè eapltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 January 2023 Movement during the financial year 720,588 374,970 12,000 16,3811 732,588 368.589 Al 31 December2023 Movement during the financial year 1,095,558 73,737 5,619 15,619) 1,101.177 68,118 Al 31 December 2024 1,169,295 1,169,295 13.2 ANALYSIS OF MOVEMENT5 ON FUNDS Balance 1 January 2024 Income Expendituro Transfers Balance between 31 December funds 2024 Wilson TTUSI Grant Unrestricted funds Building Fund Unreslricled General 5,619 5,619 1,054,370 41.188 59,513 159,5131 1,113,883 55,412 369,919 296,182 1,095,558 369.919 1296,1821 1.169,295 Total funds 1.101.177 369,919 301,801 1,169.295 14. STATUS The company is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the eompany undertakes to contribute lo the as5els of the company in the event of ils 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 lo be members. and Ihe cosls, charges and expenses of winding up, and for the adjuslmenl of the rights of the conlribulors among themselves, such amount as may be required, not exceeding £ 1. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 16. TRUSTEE RENUMERATION None of the Trustees received nor waived any kind of remuneration lor their seNices as Tnjslees during the current or previous financial year. One of the Trustees, appointed during the current year. was paid £3.798 by way of salary for his role as Pastor in the Church. 17. INDEPENDENT EXAMINATION Daly Park & Company Ltd charged a fee of £1,800 for their independent examination work in the current year. The comparative years fee was £2,400. 17