COMPANY REGISTRATION NUMBER: N1653064 CHARITY REGISTRATION NUMBER.. NIC108608 Nl Kingdom Connections Company Limited by Guarantee Unaudited Financial Statements 31 May 2023 DONALDSON & THOMPSON Chartered accountants 3 Limavady Road Londonderry BT47 6JU Nl Kingdom Connections Company Limited by Guarantee Flnancial Statements Year ended 31 May 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements Nl Kingdom Connections Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 May 2023 The Iruslees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 May 2023. The charity has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year.11 is anlicipaled that the charily will remain dormanl for the foreseeable future. Reference and admlnlstratlve detalls Reglstefed Charity name Nl Kingdom Connections Charlty reglstratlon number NIC108608 Company registration number N1653064 Prlnclpal offlce and reglsterod 24 Tullymore Dale office Broughshane Ballymena Co Antrim BT43 7TD The trustees Mrs Emma Dallas Mr Nigel Dallas Independent examlner Donaldson & Thompson Chartered Accountants 3 Limavady Road Londonderry BT47 6JU Structure, governance and management The organisalion is a charitable company limiled by guarantee. incorporated on 16th May 2018 and registered with the Charilies Commission for Northem Ireland on 22nd February 2022 under charity number 108608. The company was established under a Memorandum of Association which eslablished the objects and powers of the charilable company and is governed under its Articles of Association. In the event of the company being wound up members are Tequired to contribute an amount not exceeding £1. Objectives and actlvltles The charity's objects are: la) The advancement of the Christian religion., Ib) The advancement of education- Ic} The relief of poverty.. Id) Tlie provision of facilities in the interest of social welfare for recreation and olher leisure time occupation of people who are in need as a Tesull of Iheir youth, age. infirmity of social and economic circumstances. Nl Kingdom Connections Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrectorfs Report) {contlnu•d) Year ended 31 May 2023 ObJectlve$ and actlvltles (eontlnu•d) Th8 charltls trustees have had regard to the Charlty Commission for Northem Ireland's guidance on public benefit. A¢hl6vèm6nts and perfomiance The charity did not undertake any activities durlng Ihe year. Flnanclal review The charity did not undertake any activities during the year, consequenuy no income was received and no expenses were incurred. Plans for future perlods The trustees plan to conllnue to impact and improve the community through Kingdom Connectlons. Small company provlslon8 This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 25 July 2024 and signed on behalf of the board of trustees by.. Mrs Emma Dallas Trustee Mr Nigel Dallas Trustee Nl Kingdom Connections Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Nl Kingdom Connections Year ended 31 May 2023 I report lo the trustees on my examination of the financial slatements of Nl Kingdom Connection51'lhe charity,) for the year ended 31 May 2023. Responslbilltles and basis of report A5 the Iruslees of the company (and also ils directors for the purposes of company law) you are responsible for the preparation of the financial slalements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Acl'l and the Companies Act 20061'the 2006 Act,). You are satisfied that the accounts of the company are nol required by charity or company law to be audited and have chosen instead to have an independent examinalion. Having satisfied myself Ihal the accounts of Ihe company are nol required lo be audited under Part 16 of the 2006 Act and are eligible for independent examinalion. I report in respect of my examination of the charity's financial statemenls as Carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commi55ion for Northern Ireland under section 65{91{bl of the 2008 Acl. Independent examlnerfs Statement I have completed my examination. I confirm that no matters have come to my atlenlion in connection with my examination giving me cause to believe that in any material respect.. accounting records were nol kept in respect of the charity as required by section 386 of the 2006 Act, or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which is not matter considered as part of an independent examination: or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. I confirm that Ihere are no other matters to thich your attention should be drawn to enable a proper understanding of the accounts to be reached. Donaldson 8 Thompson Chartered Accounlanls Independent Examiner 3 Limavady Road Londonderry BT47 6JU 25 July 2024 Nl Kingdom Connections Company Limited by Guarantee Statement of Financial Activities {includlng income and expenditure account) Year ended 31 May 2023 2023 2022 Total funds Total funds Nole Income and endowments Donations and legacies Total Income Total expenditure Net Income ReconcllSatlon of funds Total funds brought forward Total funds carrled forward No significant accounting Iransactions as defined by section 1169 of the Companies Act 2006 Occurred in the current year or prior year. The notes on pages 6 to 9 fomi part of these flnanclal stalements. Nl Kingdom Connections Company Llmlted by Guarantee ststement of Flnanclal Posltlon 31 May 2023 2023 2022 Not• Current assets Debtors Cash al bank and in hand Creditors: amounts falllng due wlthln one year Not current Ilabllltles Total assets less current Ilabllltles Net Ilabllltles Funds of the charity Unrestricted funds Total charity fund8 For the year endlng 31 May 2023 the charity was entitl8d to exemption from audit under sectlon 480 of the Companies Act 2006 r8lating lo domianl companies. Directors, responsibilities.. The members have noi requlred the company to obtain an audit of its financial statements for the year In question in accordance with section 476- The directors acknowledge their responsibilities for complying with the requlrements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance wlth the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for Issue on 25 July 2024, and are signed on behalf ol the board by: Mrs Emma Dallas Trustee Mr Nigel Dallas Trustee The notes on pages 6 10 9 lomi part of those financlal 8tatern8nls. Nl Kingdom Connections Company Limited by Guarantee Notes to the Financial Statements Year ended 31 May 2023 General Information The charity is a public benefit entity and a privale company limited by guarantee, registered in Northern Ireland and a registered charity in Northem Ireland. The address of the registered office is 24 Tullymore Dale, Broughshane, Ballymena. BT43 7TD. Statement of compllance These financial stalemenls have been prepared in compliance wilh FRS 102, 'The Financial Reporting Standard applicable in the UK and Ihe Republic of Ireland,, the Stalemenl of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (Charilies SORP {FRS 102)) and the Companies Act 2006. A¢countlng policies Basis of preparallon The linanclal slalements have been prepared on the historical cost basis, as modified by ihe revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial statements are prepared In slerling. vthich is the functional currency of the entity. Golng concern There are no malerial uncertainties about the charity's abilily to continue. Statement of flnanclal actlvities (including Income and expendlture account) The entity is domianl as defined by section 1169 of the Companies Act 2006. The entily incurred no significant transactions during the cuTrenl year or prior year. Judgements and key sources of estlmation uncertalnty The preparation of the linancial statements requires management to make iudgemenls, estimates and assumptions that affect the amounts reported. These estimates and judgemeiils are continually reviewed and are based on experience and other factors, including expeclatioiis of future events that are believed to be reasonable under the circumstances. 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 eamiarked by the tTUStee5 for particular future projecl or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms ofan appeal. and fall into one of Iwo sub-classes: restricted income funds or endowment funds. Nl Kingdom Connections Company Limited by Guarantee Notes to the Financial Statements fconllnuod) Year ended 31 May 2023 AccountSng poll¢les {¢onllnued) Incomlng resources All incoming resources are included in the slalemenl of financial activitie5 when entitlement has passed lo the charity. it is probable Ihat the economic benefils associated with the Iransaclion will flow to the charily and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of enlillement to the gift. receipt is probable and its amount can be measured reliably. legacy income is recognised when receipi 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 thich case the value is derived from the cost to the donor or the estimated resale value. Donaled 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 services is recognised with the delivery of the conlra¢led service. This is classified as unrestricled funds unles5 there is a conlraclual requirement for it to be spent on a pa￿'Cular purpose and returned if 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 ofthe statement offinancial activities to which il relates: expenditure on raising funds includes the cosls of all fundraising aGlivities, events, non- charitable trading aclivilies, and the sale of donated goods. expenditure on charitable activities indudes all cosls incurred by a charity in undertaking activities thal further its charilable aims for the benefit of its beneficiaries. including those support costs and costs relating lo Ihe governance ol the charity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the cliarily nor part of ils expenditure on charitable activities. All costs are allocated to expenditure categoTies reflecting ihe use of the resource. Direct costs altribulable to a single activity are allO￿ted direclly to that activity, Shared costs are apportioned between the activities they contribute to on a reasonable, lustifiable and consistent basis. Financial Instruments A financial asset or a financial liability Is recognised only when the charity becomes 8 party to the conlraclual provisions of the inslrumenl. Nl Kingdom Connections Company Limited by Guarantee Notes to the Financlal Statements (con&nu•d) Year ended 31 May 2023 Accountlng pollcles (contlnu•dJ Flnanclal Instruments (conlinuedj Basic financial inslrumenls are initially recognised at the amount receivable or payable including any related transaction costs. Current asset5 and current Iiabililies are subsequenlly measured al the cash or other consideration expected to be paid or received and not discounted. Debt in5truTnents are subsequently measured at amortised cosl. IM)ere investments in shares are publicly traded or their fair value can olherwlse 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 impaimient. Other financial instruments. including derivalives, are initially recognised al fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate. in which case Ihe asset is measured at the present value of the future payments discounted at a market Tate of interest for a similar debt instrument. Other financial instruments are 5ubsequenlly measured at fair value, with any changes recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairmenl, an impairment105s is recognised under the appropriate heading in the statement ol financial aclivilies 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 financial assets are either assessed individually or grouped on the basis of similar credit risk characleristics. Any reversals of impaiment are recognised immediately. to the extent Ihat the reversal does not result in a carrying amounl of the financial asset that exceeds whal the carrying amount would have been had the impairmenl not previously been recognised. Llmlted by guarantee Nl Kingdom Connections is a company limiled by guaranlee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amoLJnt as may be required not exceeding £1 to the as5els of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. Nl Kingdom Connections Company Llmited by Guarantee Notes to the Financial Statements (continued) Year ended 31 May 2023 Staff costs The average head count of employees during the year v￿$ Nil12022.' Nil). No employee received employee benefits of more than £60.000 during the year (2022.. Nil). Trustee remuneratlon and expenses No remuneration or other benefits from employment wlh the charity or a related entity were received by the Irustees.