PRS Patton Rainey I Stenson Limited CHAR TERED ACCOUNTAN & REGISTERED AUDITORS REGISTERED COMPANY NUMBER: N1664833 (Northern Ireland) REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FOR 3: 16 TRUST LIMrfED Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fernianagh BT74 7BT CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers RegislereLI lo carry out audit work and regulated for a range of inveslmenl business activities in the United Kingtjom by Ihe Inslilule ol Chartered Accounlanls in Ireland
3..16 TRUST LIMITED CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 JUNE 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 12 Detailed Statement of Financial Activities 13
3:16 TRUST LIMITED REPORT OF THE TRUSTEES for the Year Ended 30 JUNE 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Stateinent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives 2nd aims 3:16 Trust Limited is a Christian organisation and the tnain objectives are= (a) to provide emergency practical assistance to those in crisis, free of charge. This may include, but not limited to, providing food and pastoral care. (b) provide relief of suffering in mind, body and spiriL in particular though not exclusively as an adjunct to ongotng medical treatment. (c) offer hope, ongoing support and encouragement for anyone struggling with life controlling issues, such as depression or addictions in the fonn of a drop in centre. (d) offer spiritual guidance and instruction in Christian teachings. This will be done without distinction of age. sex, race, political, religious or other opinion, primarily in the county of Fennanagh. The activities of the Charity include'.- providino food bank, opened to the public, using volunteers raising funds through grants and donations to aid the work of the charity co-operate with the support other charities with similar charitable purposes offer prdyer and Christian counselling provide Christian education in the form of literature and teaching. Significant activities The charity also carrics out its work by opening to the public to". offer emergency support in times of crisis, for exainple food parcels provide accredited counselling services offer a drop-in facility for the local community offer bible studies, prayer and other Christian activities We work with local businesses, churches and other organisations to encourage generosity in giving donations to 3..16 Trust Limited . All this work is done by a small dedicated group of volunteers. A coffee shop runs every Tuesday and Friday with the help of volunteers. The corree shop sells hot drinks, tray bakes and scones. Any profits from the coffee shop are used to further the charitable objectives of the charity. The main aim of the coffee shop is to provide an opportunity for the local community to seek help and advice if n¢¢ded. Public bellefit The Trustees seek to ensure that the public benefit requirement is considered and 3..16 Trust Limited facilitates thi5 liaving regard to the Charity Commission guidance on public benefit. Financial Review The results for the year ended 30 June 2024 are set out on pa(Fes 4 and 5 of the financial stateinents. The total income for the year ended 30 June 2024 amounted to £37.730, £17,918 of which related to the coffee shop. The total expenditure for the year aoUnted to £32,475 and the cash at the bank at 30 June 2024 amounted to £71,437. During the year the charity received a restricted grdnt from Fermanagh and Omagh District Council towards provisions for the foodbank. Going Concern After making appropriate enquiries the trustees have a reasonable expectation that the Charity has adequate resource5 to continue in operational existence for a period of at least 12 nionths from the date of this report. For thi5 reason they continue to adopt the going concern basi5 in preparing the financial statements. Further details regarding the adoption of going concern can be found in the Accounting Policies. Page I
3:16 TRUST LIMITED REPORT OF THE TRUSTEES for the Year Ended 30 JUNE 2024 oKtECTIVES AND ACTIVITIES Future aims and objectives The Charity hopes to continue to offer a welcoming service within the community during the year ended 30 June 2025 and beyond. Donations and support from volunteers remains strong and there 15 a strong uptake of services within the community. Reserves Policy It is the policy of the Charity that reserves that have not been designated for a specific purpose should be maintained at a level equivalent to 2 months expenditure. The Charity considers that reserves at this level will ensure that, in the event of a signifIcant drop in funding, it will be able to continue its activities. The reserves at 30 June 2024 are deemed at an appropriate level to satisfy this policy. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing docurnent, a Memorandum and Articles of Association, and constitutes a limited company, as defined by the Companies Act 2006. The company was incorporated on 3 October 20 l9 aThd has applied to be registered with the Charity Commission for Northern Ireland. The charity activities were previously carried on by 3:16 Lisnaskea Limited and the assets were transferred on l April 2020. Prior to incorporation the charity was previously known as 3:16 The Pantry. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company nutnber N1664833 (Northern Ireland) Registered Charity number 108792 Registered olee 165 Main Street Lisnaskea Co. Fennanagh BT92 OJE Trustees Mrs V Crozier Mrs S Johnston Mr D Phair Mr J Johnston Independent Examiner Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fernianagh BT74 7BT Approved by order of the board of trustees on 20 Decetnber 2024 and signed on its behalf by: Page 2
3:16 TRUST LIMITED REPORT OF THE TRUSTEES for the Year Ended 30 JUNE 2024 Mr J Johnston - Trustee Page 3
PRS Patton Rainey I Stenson Limited CHAFITERED ACCOU NTANfs & REGISTERED AUDITORS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 3:16 TRUST LIMITED I report on the accounts of the company for the year ended 30 June 2024, which are set out on pages five to twelve. Respective responsibilities of charity trustees 2nd examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts tn accordance with the requiretnents of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination. it is my responsibility to.. examine the accounts under Section 65 of the Charities Act 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 state whether particular matters have come to my attention. Basis of the independent examiner's report I have exatnined 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 Cotrllnission for Northern Ireland under Section 65(9)Ib) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparisoTh of the accounts presented with those records. It also included consideration of any unusual items or dtsclosures in the accounts, and seeking explanations from you as charity tnjstees conceming any such matters. My role is to state whether any tnaterial matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles olthe Charities Statement of Reconunended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepLEblic of Ireland That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concems in respect of the matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I hav¢ found no matters that require drawing to your attention. STEPHANIE STENSON FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fern]anagh BT74 7BT 20 December 2024 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered lo carry out audit work and regulat6d lor a range of inveslm8nt business aclivilies in the United Kingdom by the Insiilule ol Chartered A¢counlanis in Ireland
3:16 TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 JUNE 2024 30.6.24 Total funds 30.6.23 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 17,407 2,405 19,812 18,294 Other trading activities 17,918 17,918 10,478 Total 35,325 2,405 37,730 28,772 EXPENDITURE ON Raising funds 4,497 4,497 3,183 Charitable activities Charitable 25.573 2,405 27,978 8,812 Total 30,070 2,405 32,475 11,995 NET INCOME 5.255 5,255 16,777 RECONCILIATION OF FUNDS Total funds brought forward 197,600 197,600 180,823 TOTAL FUNDS CARRIED FORWARD 202,855 202,855 197.600 The notes forn] part of these financial statements
3:16 TRUST LIMITED BALANCE SHEET 30 JUNE 2024 30.6.24 Total funds 30.6.23 Total funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets 132,524 132,524 128,343 CURRENT ASSETS Stocks Cash at bank 273 71,437 273 71,437 930 68,612 71,710 71,710 69,542 CREDITORS Amounts falling due within one year (1,379) (l?79) (285) NET CURRENT ASSETS 70,331 70,331 69,257 TOTAL ASSETS LESS CURRENT LIABILITIES 202,855 202,855 197,600 NET ASSETS 202,855 202,855 197,600 FUNDS Unrestricted lld$ 10 202,855 197,600 TOTAL FUNDS 202,855 197,600 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that th¢ charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of ils Surplus or deficit for each financial year in accordance with the requirements of Section5 394 and 395 and which otherwise comply witli the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regiine. The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2024 and were signed on its behalf by: Mr J Johnston - Trustee The notes form part of these financial statements Page 6
3:16 TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 JUNE 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settleinent and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the Lategory. Where costs cannot be directly attributed to particular headlligs they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed a55ets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. EquTpment Fixtures and fittings 20 /0 on reducing balance 20 % on reducing balance Tangible assets are originally recorded at cost. The property owned by the Charity has not been depreciated which is a deviation from FRS 102. The property was purchased in a dilapidated condition and a lot of renovations were carried out on a voluntary basis. It is believed that given current market conditions that to depreciate the property would not give a true reflection of its current net book value. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and Slow moving items. Taxation The charity is exempt from corporation lax on ils charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity- Restrictions arise when specified by the donor or when fvnds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial 5tatetnent5. PeDsion costs and other post-retirement beiiefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheine are cliarged to the Stateineiit of Financial Activities in the period to which tliey relate. Page 7 continued...
3:16 TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- Continued for the Year Ended 30 JUNE 2024 OTHER TRADING ACTIVITIES 30.6.24 30.6.23 Coffee shop income 17,918 10.478 NET INCOMEI(EXPENDITURE) Net incomel(expeiiditure) is stated after chargingJ(crediling): 30.6.24 30.6.23 Depreciation - owned assets 3,030 1,985 TRUSTEES, REMUNERATION AND BENEFITS Trustee's remuneration of £1 0,400 was paid for the year ended 30 June 2024. {2023:Nil) Trustees, expenses There were no trustees, expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Utbre5tricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 18,294 18,294 Other trading activities 10.478 10,478 Total 28,772 28,772 EXPENDITURE ON Raising funds 3.183 3.183 Charitable activities Charitable 8,812 8,812 Total 11,995 11,995 NET INCOME 16,777 16.777 RECONCILIATION OF FUNDS Total funds brought fonvard 180,823 180.823 TOTAL FUNDS CARRIED FORWARD 197.600 197,600 Page 8 continued...
3:16 TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 JUNE 2024 CHARITABLE DONATIONS Duiincr the year the following donations were made to charities with similar charitable objectives= 2024 2023 Hilltop Ministry Cancer Connect Master Key Movement Lisbellaw PW 500 300 2,000 200 3,000 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Equipment Totals COST At l July 2023 Additions 120,402 5,964 5,145 4,725 2,066 131,091 7,211 At 30 June 2024 120,402 11,109 6,791 138,302 DEPRECIATION At l July 2023 Charge for year 1,677 1,886 1,071 1,144 2,748 3,030 At 30 June 2024 3,563 2,215 5,778 NET BOOK VALUE At 30 June 2024 120,402 7,546 4,576 132,524 At 30 June 2023 120,402 4,287 3,654 128,343 Included in cost OT valuation of land and buildings is freehold land of £120.402 (2023 £120,402) which is not depreciated. Page 9 continued.
3:16 TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 JUNE 2024 STOCKS 30.6.24 30.6.23 Stocks 273 930 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.24 30.6.23 Accrued expenses 1,379 285 io. MOVEMENT IN FUNDS Net movement in funds At 30.6.24 At 1.7.23 Unrestrieted funds General fund 197,600 5,255 202,855 TOTAL FUNDS 197.600 5,255 202.855 Net movement in funds, included in tlie above are as follows: Incoming resources Resources expended Movement in funds Unrcstricted funds General fund 35J25 (30,070) 5,255 Restricted funds FODC Grant 2.405 (2,405) TOTAL FUNDS 37.730 {32,475) 5,255 Colnparatives for movement in funds Net movement in funds At 30.6.23 At 1.7.22 Unrestricted funds General fund 180,823 16.777 197,600 TOTAL FUNDS 180,823 16,777 197,600 Page 10 continued...
3:16 TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 JUNE 2024 io. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 28,772 (11,995) 16,777 TOTAL FUNDS 28,772 (11,995) l6.777 A current year 12 months and prior year 12 monihs combined position is as follows: Net movement in funds At 30.6.24 At 1.7.22 Unrestricted funds General fund 180,823 22.032 202.855 TOTAL FUNDS 180,823 22,032 202.855 A current year 12 months and prior year 12 months combined nel movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 64,097 (42,065) 22.032 Restricted funds FODC Grant 2.405 (2,405) TOTAL FUNDS 66,502 (44,470) 22,032 Page 11 continued...
3:16 TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for tlle Year Ended 30 JUNE 2024 Ii. RELATED PARTY DISCLOSURES There were no related party trdnsactions for the year ended 30 June 2024. Page 12
3:16 TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 JUNE 2024 30.6.24 30.6.23 INCOME AND ENDOWMENTS Donations and legacies Donations Grants 17,407 2.405 17,794 500 19,812 18,294 Other trading activities Coffee shop income 17,918 10,478 Total incoming resources 37,730 28,772 EXPENDITURE Other trading activities Opening stock Purchases Small equipment Closing stock 930 3,604 236 (273) 1.695 2,144 274 (930) 4,497 3,183 Charitable activities Wages Pensions Rates and water In5urnnce Light and heat Telephone Sundries Repairs and renewals Charitable donations Accountancy Bank charges Staff uniforms Foodbank purchases Depreciation of tangible fixed assets 10,400 125 552 1,618 3,092 745 598 ,130 3,000 600 222 461 2,405 3,030 292 1,608 2,737 607 13 775 600 195 1,985 27,978 8.812 Total resources expended 32,475 11,995 Net income 5,255 16,777 This page does not form part of the statutory financial statements Page 13