COMPANY REGISTRATION NUMBER: N1653064 CHARITY REGISTRATION NUMBER: NIC108608 Nl Kingdom Connections Company Limited by Guarantee Unaudited Financial Statements 31 May 2024 DONALDSON & THOMPSON Chartered accountants 3 Limavady Road Londonderry BT47 6JU Nl Kingdom Connections Company Limited by Guarantee Flnanclal Statements Year ended 31 May 2024 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 2024 The trustees, 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 2024. The charity has been dormant as defined in Section 1169 of Ihe Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the charity will remain dormant for the foreseeable future. Reference and admlnlstratlve detalls Reglsterod charlty name Nl Kingdom Connections Charlty reglstratlon number NIC108608 Company reglstration number N1653064 Prlnclpal offlce and reglstered 24 Tullymore Dale office Broughshane Ballymena Co Antrim BT43 7TD The trustees Mrs Emma Dallas Mr Nigel Dallas Independent examiner Donaldson & Thompson Chartered Accountants 3 Limavady Road Londonderry BT47 6JU Structure? governance and management The organisalion is a charitable company limited by guarantee, incorporated on 161h May 2018 and registered with the Charilies Commission for Northern Ireland on 22nd February 2022 under charily number 108608. The company wa5 eslablislied under a Memorandum of Association whicl) established the objects and powers of Ihe charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required lo contribute an amount not exceeding £1. Objectlves and activitles The charity's objects are.. lal The advancenient of the Christian religion., Ibl The advancement of education; Icl The relief of poverty., Idl The provision of facilities in the inlerest of social welfare for recreation and other leisure lime OCCLipation of people who are in need as a result of their youth, age. infirmity of Social and economic Circumstances. Nl Kingdom Connections Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (¢ontlnuodJ Year ended 31 May 2024 Objectlves and actlvities (contlnu•dJ The charIt￿8 trustees have had regard to the Charity Commission for Northem Ireland's guidance on public benefit. Achlevements and performance The charlty did not undertake any aclivities during the year. Flnanclal revlew The charity did not undertake any activitles durlng the year. consequently no income was received and no expenses were incurred. Plans for future perlods The trustees plan to continue to impacl and improve the community through Kingdom Connections. Small company provisions This report has been prepared in accordance with the provisions applicable to cA)mpanles entltled to the sm811 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 Trustee Nl Kingdom Connections Company Limited by Guarantee Independent Examiner's Report to the Trustees of Nl Kingdom Connections Year ended 31 May 2024 I report to the Iruslees on my examination of the financial statements of Nl Kingdom Connections ('the charily'l for the year ended 31 May 2024. Responslbllltles and basis of report As the trustees of the company (and also ils directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance wilh the requiTenients of Charilies Act INorthern Ireland) 2008 {the'2008 Act.) and the Companies Acl 2006 {'Ihe 2006 Act,) You are satisfied that the accounts of the company are not required by chariiy or company law lo be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act, In carrying out my examination I have followed the general Directions given bylhe Charity Commis510n for Northern Ireland under section 6519)Ib) of the 2008 Acl. Independent examiner's slatement I have completed my examination. I confimi that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act, or the financial stalemenls do not accord viith those records., or the financial statements do not comply with Ihe accounting requirements of section 396 ofthe 2006 Act other Ihan any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with Ihe methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wilh the Financial Reports'ng Standard applicable in the UK and Republic of Ireland IFRS 102). I confirm Ihal there are no other matters to thich your attention should be drawn to enable a proper understanding of the accounls lo be reached. Don8ldson & Thompson Chartered Accountants Independent Examiner 3 Limavady Road Londonderry BT47 6JU 25 July 2Q24 Nl Kingdom Connections Company Limited by Guarantee statement of Financial Actlvitles (including income and expendlture account) Year ended 31 May 2024 2024 2023 Total funds Total funds Note Income and endowments Donations and legacies Total Income Total expendlture Net Income Reconclllatlon of funds Total funds brought forward Total funds carrled forward No significant accounting transactions as defined by section 1169 of the Companies Act 2006 occurred in the current year or prior year. The nol¢s on pages 6 to 9 form part of thèsè flnanclal stalements. Nl Kingdom Connections Company Limited by Guarantee ststement of Financial Position 31 May 2024 2024 2023 Current assets Debtors Cash al bank and in hand Credltor8: amounts falllng due within one year Net current liabilities Total assets less ¢urr•nt Ilabllltles Net Ilabllltles Funds of the charlty Unrestricted funds Total charlty funds For the year ending 31 May 2024 the charity was entltled to exemption from audil under section 480 of the Companies Act 2006 relatlng io dormant companies. Directors, responsibililies-. The members have not required the company to obtaln an audit of its financial statements for th8 year in question in accordance with section 476: The directors acknowledge their responsibllltles lor wmplying with the requlr8ments 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 lo the small companies. regime. These financlal slatements were approved by the board of trusiees and aulhorised for Issue on 25 July 2024, and are signed on behalf of the board by: Mrs Emma Dallas Trustee Mr Nigel Dallas Trustee The nota8 on pago8 6 to 9 fomi part of these finan¢lal slatements. Nl Kingdom Connections Company Limited by Guarantee Notes to the Financial Statements Year ended 31 May 2024 General Informatlon The charity is a public benefit entity and a private company limiled by guarantee, regislered in Northern Ireland and a registered charily In Northern Ireland. The address of Ihe registered office is 24 Tullymore Dale. Broughshane, Ballymena, BT43 7TD. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Ihe Republic of Ireland., the Statement of Recommended Praclice applicable lo charities preparing their account5 in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. AccountSng pollcles Basls of preparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expendilure. The financial statements are prepared in sterling, which Is the functional currency of the entity. Golng concern There are no material Un￿rtaInlieS about the charily's ability to continue. Statement of flnancial actlvltles (Includlng Income and expendlture account) The entity 15 dormant as defined by section 1169 of the Companies Act 2006. The entity incurred no significant transactions during the current year or prior year. Judgements and key sources ol estlmatlon uncortalnty The preparation of the financial slatemenls requires managemenl to make iudgemenls, 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 Ihat are believed to be reasonable under the circumslances. Fund accountlng Unrestricted funds are available for use al the discretlon of Ihe trustees to further any of the charity's purpose5. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commilnient, Reslricled funds are subjected lo restrictions on their expenditure declared by the donor or Ihrough the terms of an appeal. and fall into one ol IV￿ sub-dasses. restricled income funds or endowmenl funds, Nl Kingdom Connections Company Limited by Guarantee Notes to the Flnancial Statements (conllnuedj Year ended 31 May 2024 Accountlng policies (conilnu•d) Incomlng resource8 All incoming resources are included in the statement of financial activities when entitlement has passed lo the charity, it is probable that the economic benefils associated with the transaction will Ilow lo the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income,. income from donations or grants is recogni5ed when there is evidence 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 eslablished, income from donated goods is measured al Ihe fair value of the goods unless this is impractical to measure reliably, in thich case Ihe value is derived from the cosl to the donor or the estimated resale value. Donated facilities and services are recognised in the account5 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 Se￿ICe$ is recognised with the delivery of Ihe contracted service. This is classified as unrestricted funds unles5 there is a contractual requirement for it to be Spent on a particular purpose and retumed if unspenl, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expendilure 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 indudes all costs incurred by a charity in undertaking activities that furlher its charitable aims for the benefit of ils beneficiaries, including Iliose support costs and costs relating lo the governance of the charity apportioned to charitable aclivilies. other expenditure includes all expenditure that is neither relaled to raising fund5 for the charlty nor part of its expenditure on charitable aclivilies. All costs are allocated to expenditure categories reflecting the use of the resource. Direcl costs allributable to a single activity are allocated directly lo that activily. Shared costs are apportioned between the activities they contribute to on a reasonable. juslifiable and consistent basi5. Financlal Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the conlra¢lual provisions of the instTumenl. Nl Kingdom Connections Company Limited by Guarantee Notes to the Flnanclal Statements (conliftuedj Year ended 31 May 2024 Accountlng pollcles (eontlnuod) Financial instruments {¢onlinued) Basic financial instruments are initially recogni5ed al 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 al amortised cosl. ere investments in shares are publicly traded or their fair value can otherwise be measured reliably, the inveslmenl is subsequenlly measured al fair value with change5 in fair value recogni5ed in income and expendilure. All other such inveslments are subsequently measured at cost less impairment. Other financial instruments, including derlvatives, are initially recogn15ed at fair value, unless payment for an asset is delerred beyond normal business terms or financed at a rate of interest that is not a Tnarkel rate. in which case the asset is measured al 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 aclivilies, with the exception of hedging instruments in a designated hedging relationship, Financial assets that are measured al c051 or amortised cost are reviewed for objective evidence of impairment al 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 equily 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 ba515 of similar credit risk characteristics. Any reversals ol impairment are recognised immediately. to the extent that the reversal does nol result in a carrying amount of the financial assel 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 limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes lo contribute such amount as may be required not exceeding £1 lo the assets 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 lo be a member. Nl Kingdom Connections Company Limited by Guarantee Notes to the Financlal Statements (CQnlinvedl Year ended 31 May 2024 Staff cosls The average head counl of employees during the year was Nil (2022-. 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 with the charity or a related entity were received by the trustees.