Church of God at Shankill
Independent Examinerfs Report to the Trustees of Church of God at Shankill
Year ended 30 September 2024
I report on the financial statements for the year ended 30 September 2024. which comprise the
statement of financial activits'es, ststement of financial position and the related notes.
Respective responsibilities of trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
Charities Act (Northem Ireland) 2008. It is my responsibility to:
examine the accounts under sects.on 65 of the Charities Act.,
to 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
to state whether particular matters have come to my attentlon.
Basls of Independent examlnorfs 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
Commission for Northern Ireland under section 6519)(b) of the Charities Act. The examination included
a review of the accounting records kept by the charity and a comparison of the accounts presented
with those records. It also included consideration of any unusual items or disclosures in the accounts,
and seeking explanations from the trustees conceming any such matters.
My role Is to state whether any material matters have come to my attention giving me cause to
believe..
That accounting records were not kept in accordance with section 63 of the Charities Act
That the accounts do not accord wth those accounting records
That the accounts do not comply with the accounting requirements of the Charities Act
That there Is further information needed for a proper understsnding of the accounts to be
reached.
Independent examlnerfs statement
I have completed my examination and have no concems in respect of the matters {1) to (4) listed
above and, in connection with following the Directions of the Charity Commission for Northem Ireland,
I have found no matters that require drawing to your attents-on.
&7
Finegan Gibson
Independent Examiner
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Church of God at Shankill
Statement of Financial Activities
Year ended 30 September 2024
2024
Unrestricted
funds Total funds
2023
Total funds
Income and 8ndowments
Donations and legacies
Charitable activities
Other trading activities
Investment income
Other income
60.545
12,290
11.730
73
1,230
85.868
60,545
12,290
11.730
73
1,230
56,922
9,174
3,977
77
Total income
85,868
70,152
Expendlture
Expenditure on charitable activities
Total expenditure
9,10
86,742
86,742
86,742
86,742
70,266
70,266
Net expenditure and not movoment in funds
(874)
{874)
(114)
Reconclllatlon of funds
Total funds brought fornard as previously reported
Prior year adjustment
Total funds brought forward as restated
Total funds carrfed forward
499.886
499.886
500,000
499.886
499,886
500,000
499,012
499,012
499,886
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 10 to 17 fomi part of these financial statements.

Church of God at Shankill
Statement of Financial Position
30 September 2024
2024
2023
(restated)
Flxed assets
Tangible fixed assets
15
490,000
500,000
Current assets
Cash at bank and in hand
11.028
1,806
Credltors: amounts falling due within one year
Net current assets
16
2,016
1,920
9,012
499,012
1114)
499.886
Total assets loss current Ilabllltles
Not assets
499.012
499.886
Funds of the charity
Unrestricted funds
499,012
499,012
499,886
499,888
Total charity funds
These financial ststements were approved by the board of trustees and authorised for issue on 9
March 2026. and are signed on behalf of the board by..
ol
Pastor S Reynolds
Trustee
The notes on pages 10 to 17 fomi part of these finan¢lal statsments.

Church of God at Shankill
Notes to the Financial Statements
Year ended 30 September 2024
General information
The charity is a public benefit entity and a registered charty in Northern Ireland and is
unincorporated. The address of the principal office is Church Of God Shankill, 225 Conway
Street, Belfast. BT132DE. Northem Ireland.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102. 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) (Charities
SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008.
Accountlng pollcles
Ba818 of preparatlon
The financial statements have been prepared on the hlstortcal cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling. which is the functional currency of the entity.
Golng con¢em
There are no material uncertainties about the charty's ability to continue.
Judgements and key Sources of ostlmation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstsnces.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular fvture project or
commitment.
Restricted funds are subjected to restrictions on their expenditure deCla￿d by the donor or
through the tems of an appeal, and fall into one of two sub-classes.. ￿$tricted income funds or
endowment funds.
10

Church of God at Shankill
Notes to the Financial Statements (continuerfj
Year ended 30 September 2024
Accounting policies (eonthu•dJ
Incoming resources
All incoming resources are included in the statement of financial adivities when entitlement has
passed to the charity., it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be ￿liablY measured. The following specific policies
are applied to particular categories of income..
income from donations or grants is recognised when there is evldence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
Impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of seNices is recognised with the delivery of the
contracted service. This is Classified as unrestricted funds unless there Is a contractual
requirement for it to be spent on a particular purpose and returned rf unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure Is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities. events.
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories ￿flectIng the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activtties they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impaimient losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impaimient losses.
11

Church of God at Shankill
Notes to the Financial Ststements (continued)
Year ended 30 September 2024
Accounting policies (conlinue
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss Is shown within
other recognised gains and losses on the statement of financial activtties.
Depreclatlon
Depreciation is calculated so as to wrrte off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows..
Freehold property
2% straight line
Impalrment of flxed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Ipthere the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impaimient testing, when it is not possible to estimate the recoverable
amount of an Individual asset. an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition dale, allocated to each of the Cash-generating un5ts that are expected to benefit from
the synergies of the combination. irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Flnanclal Instruments
A financial asset or a financial liabilty is recognised only when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are inrtialty recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impaimenL
12

Church of God at Shankill
Notes to the Financial Ststements (coneinued)
Year ended 30 September 2024
Accounting policies (contlnuedj
Flnancial instruments (conthjued)
Other financial instruments. including derivatives, are inttially recognised at fair value, unless
payment for an asset is deferred beyond normal business temis or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value. with any changes
recognised in the statement of financial acb'vities, with the exception of hedging instruments in
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objedive evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the Initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant. these are assessed individually for impairment. Other f5nancial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of Impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impaiment not previously been recognised.
Defined contrlbutlon plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settEed wholly within 12 months of the end of the
reporting date in which the employees render the related seprfice, the liability is measured on a
dlscounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Donatlons and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
(r•stAted)
Donations
Offerings
Donations
Mission Donations
37,252
14.928
7,365
37,252
14.928
7,365
31,259
11,444
914
31,259
11,444
914
Grants
GrantslFunding
1,000
1,000
10.050
10,050
13

Church of God at Shankill
Notes to the Financial Statements {continuedJ
Year ended 30 September 2024
Donatlons and legacles {¢onllnu8dJ
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
freslated)
Other donatlons and legacles
Start up Donation
3,255
3.255
60,545
60.545
56,922
56,922
Charitable activities
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
(r•st•t•d)
Access Nl Payments
Gift Aid
Bullding Fund
2,053
6,494
3,743
2,053
6,494
3,743
1,310
6,269
1,595
9.174
1,310
6,269
1,595
9,174
12,290
12.290
Other tradlng actlvltles
Unrestricted Tolal Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
(rest•l•d)
Fundraising events
11,730
11,730
3,977
3,977
Investment income
Unrestricted Totsl Funds Unrestricted Total Funds
Funds
2024
Funds
2023
(r•st•ted)
Bank Interest receivable
73
73
Other Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
(restated)
Misc Income
1.230
1.230
77
14

Church of God at Shankill
Notes to the Financial Ststements (continueo)
Year ended 30 September 2024
Expendlture on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
(rnst•t•dJ
Charitable Activity
Support costs
86.646
86.646
96
68,346
1,920
68,346
1.920
86.742
86,742
70.266
70,266
10. Exponditur8 on charltable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Charitable Activty
Governance costs
86,646
86,646
96
68,346
1,920
86,646
86,742
70,266
11. Net expendlture
Net expenditure is stated after chargingl(crediting):
2024
2023
(r•slat•dJ
Depreciation of tangible fixed assets
10,000
12. Independent examlnation fees
2024
2023
(r•st•l•d)
Fees payable to the independent examiner for..
Independent examinats'on of the financial statements
2.016
1,920
13. Staff costs
The total staff costs and employee beneffts for the reporting period are analysed as follows..
2024
2023
frestat•dJ
Wages and salaries
Employer contributions to pension plans
Other employee beneffts
23.234
1,200
345
28,950
908
553
24.779
30,411
15

Church of God at Shankill
Notes to the Financial Statements (continued)
Year ended 30 September 2024
13. Staff costs (continuedj
The average head count of employees during the year was 1 (2023: 2).
One trustee was in re￿Ipt of renumeration, during the year in relation to their engagement as
Pastor. The total of such remuneration during the year. excluding pension and social security
costs was £21,520.
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
14. Trustse remuneratlon and expenses
One twstee was in receipt of remuneration as outlined in note 12. No other twstees received
remuneration in their role as trustee.
No other trustees received reimbursement of expenses in their role as trustee.
15. Tanglble fixed assets
Froehold
property
Cost
At 1 October 2023 (as restated) and 30 Septembor 2024
Depr8clatlon
Al 1 October 2023
Charge for the year
At 30 September 2024
Carrylng amount
At 30 September 2024
At 30 September 2023
500,000
10,000
10,000
490,000
500,000
16. Credltors: amounts falling due wlthln one year
2024
2023
(restat￿)
Accruals and deferred income
2.016
1,920
17. Penslons and other post retlrement benefits
Defined contrlbutlon plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £1.200 (2023.. £908).
16

Church of God at Shankill
Notes to the Financial Statements (continuod)
Year ended 30 September 2024
18. Analysis of charitable funds
Unrestricted funds
At
1 October 20
23
At
Prior year 30 Septembe
Sncome Expenditure adjustments
r 2024
General funds
499.886
85,868
(86.742)
499,012
At
1 October 20
At
Prior year 30 September
Income Expenditure adjustments
2023
General funds
70,152
(70,268)
500,000
499,886
19. Analy818 of net assets botween funds
Unrestrlcted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
490,000
11,028
(2,016)
499,012
490,000
11,028
(2,016)
499,012
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
500,000
1,806
(1,920)
499,886
500,000
1.806
(1,920)
499,886
20. Rolated partles
There are no related party transactions in the year.
17