Company registration number: N1684479 Charitv Commission tor Nl No: 109066 Liberty Church Mid-ulster Companv Ilmlled by auarantee Unaudllod Ilnanclal statements Year ended 31st March 2024
Liberty Church Mid-ulster Company limited by guaranlee Contents Page Directors and olh8r informalion Report of the Directors Independent Examiners report Statement of Financial Activity Statem8nt of Financial Position Noies to the financial statgments 8.15
Llberty Church Mid-ulster Company limited by quarantee Directors Mr David Adair Mr Paul Harper Mrs Helen Hart Mr Jason Shiels Company number N1684479 Registered ottice 33a William Street Cookstown Co Tyrone 6Tou i5AA Bu51ness address 33a William Street Cookstown Co Tyrone BT80 8AX Accountants JSR 44 Blackisland Road Annaghmore Portadown Co Armagh BT62 1 NE Bankers First Trust Bank 18-20 Scotch Street Dungannon Co Tyrone BT70 1 AZ
Liberly Church Mid-utster Company limited by guarantee The Directors are pleased to present their annual directors, report together with the unaudited financial statements ol the charity for the year ended 31 Sl March 2024 {note, the comparative period figures relate to the four month period ended 31° March 2023, for this reason they are not directly comparable). This report has also been prepared to meet with the requirements for a directors report and accounts for the purposes of the Companies Act. The Directors who served during the year were as follows: Mr David Adair Mrs Helen Hart Mr Paul Harper Mr Jason Shiels The directors meet regularly to discuss the broad slrategy of the charity to include areas of activity for the charity, assessment of reserves and risk management. The day-to-day administration of the c.hArity is dplpnAlpd tn Mr ,la.qnn qhiel.q !Dirpr.tnr)- Rlsk Mana ement The Directors actively review any major risks, which the charity faces on a regular basis and believe that maintaining reserves at current levels, cornbined with an annual review of the controls over key financial systems, will provide sufficient resources for the incoming year. The Directors have also examined other operational and business risks faced by the Charity and confirm that they hav8 established systems to mitigate the most significant risks. Ob'ectives of Libert Church Mid-ulster The church is established and has a primary area of benefit in Mid-ulster for.. al the promotion of the Christian faith b) to relieve sickness, poverty, hunger, hardship and promote well-being cl to further Christian education dl partnership for the common good in sociely e) any other exclusively charitable purposes Aciivitles meetln ob'ectives and ublic benelit I ne uireciors nave nao regaru io the NorTnern Irelana iharily uommission's vubiiG Denefil requirements, as demonstrated though the following overview of the years activities. This report provides an overview of the work of Liberty Church Mid-ulster for the year ended 31 $t March 2024. This is the second annual report for Liberty Church Mid-ulster. Charitable Activiiies and Im act Ile ort This period has seen considerable success in meeting the aims and objectives of the charity. - Promotion ol the Ghrislian laith - Church meetings have included Sunday seniices- morning and (monthly) evening services, Life-groups to build community, discipleship and study the Word of God. There have also been regular prayer meetings, courses, training times and special events involving visiting speakers. We have had various outreach programs. These met the aims of Ihe church. - Promotion of the alleviation ol hardshipy distressj poverty- Liberty Foodbank Gontinues to Meet food poverty needs in the community. Our bank ol referral partners is as strong as ever, and indeed, is expanding. This is a key marker of the growing footprint in how Ihe church is helping to meet food poverty needs in Mid-ulster. We continue to deliver parcels where needed. However, we The llotes on pages 8 to 15 lorm part of these financial statements. Page 2
Llberty Church Mid-ulster Company limited by auarantee are transitioning lo higher percentage of recipients who now collect their food parcels from the building. During the year, approximately 62 people are being served weekly by around 20 food parcels per week from Liberty Foodbank. The growth in parcel collection at our base also furthe enhances our effectiveness in sign-posting people to our other services and indeed to broader community wide services. In this regard, we have a very 'joined up approach to connecting people IAI including Asda grant award, Foodshare, and of course the superrnarkets. We are also very grateful for local churches and individuals who give generously towards the Foodbank during the year. Foodbank Co-ordinator Gillian Brown and her team of hard-working volunteers are to be commended for their tireless work on behalf of lood poverty. -Liberty Counselling service.. has developed and expanded in reach and volume of clients over the period under review. This service has had a very significant impact during the year wilh several- ulia'rea riours of counseiiing Deing corioucieo io neip inose wiin a range ui rneNiai aria emotional health issues. Ali Shiels, lead counsellor, has expertise with trauma and has helped clients wilh 'Troubles' trauma, domeslic violence, and sexual abuse, among many other areas of distr8SS. nvry+nli Ll +rs A pyl &1 I -S8fe Families and Home for Good- we have had speakers from these charities to Liberty in the past year and have promoted their work. There are now volunteers associaled with each of these charities from members of Liberty and we couldn't be happier about that because their work and vision are amazing. -we have had very successful mental health support groups for ladies using crafts as the common interest and lacililated menlal health support. Jeanette Logan has done a great job wilh these, along with Tracey Carson. We have Befriending community support and have seen how this links in well with our other services, especially Ihe Foodbank, in alleviating dislress - 8specially loneliness and isolation. All of these met the aiffls of the church. -Promotion of educatlon land Iraining) - we are a faith-based charity that also has valued a holistlc Dersnective and approach on the well-beino of people in our communitv- bodv, soul. and spirit. We promote training and education times around understanding of the Christian Gospel aiid Biblical worldview but also how varied types of education are valuable for the community. We have had seminars open to the public on health related topics. These seminars were well-attended and great feedback was given 10 the facilitators. -we have a weekly group for children aged 4-11 years known as 'King's Kids,. These are fun times for children that incorporate games, singing, crafts, Bible teaching and discussion applied to lii/oe ol t.ljp childrAn ?lon.g with fl In trjno anrl 01 Itinnq .A!I n! thpqg .* thp ?imo nl tho chi Irph -Ladies' nights were also held giving lalks on various topics relevanl lo women. -Tralnlng was given on sound and medla during Ihe year wilh an enthusiastic group of volunteers in this service. -Training on leadership and volunteering was given to our volunteers. -Training took place on pastoral prayer ministry with Kairos Trust in Belfast. We now have a trained prayer ministry team operating weekly. -Financial Support- we would like to acknowledge the generous financial support of DelmaFva Education £11,087 (2023.. £4,773) and Drop Inn Ministries £11,900 {2023- £2,500). I he noles on pages 8 to 15 lorm parl ot Ihese Iinancial statements. Page 3
Liberty Church IVlid.Ulster Company limited by guarantee Flnanclal Overview: The Financial Statements are presented in the standard format required by the Charities SORP {FRS 102) 2015 and in accordance with The Gharities (Accounts and Reports} Regulations (Northern Ireland) 2015. The Statement of Financial Activities on page 9 shows the gross income from all sources. Total Incoming Resources £ 120,163 (2023; £30,096) Total Resources Expended £ 116,02512023. £34,903) Surplusj {Deficit} for year £ 4,138 12023., £14,807)) No funds held by the charity were in deficit either during the year or at the year end. Realstrallon Delalls: Regislered Northern Ireland Charity No: NICI 09066 Registered Limited Company No: N1684479 Company R8gistered in Northern Ireland Statement of dlrectors res onslbllltles The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations. Company law requires the directors lo prepare -'N t4e direTr*orv fin3nTrial vta,eme,,.- for ea•b, f ryanc a, '/ear. Unrler tli,a+ Ig are tb,e financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Uniled Kingdom Accounting Standards and applicable lawl. Under company law the directors must nol approve the financial statements unless Ihey are satisfied that they give a true and fair view of the state of aff airs of the Gompany and the profit or loss of the company for that P8riod. In preparing these financial statements, the directors are required to: • select suitable accounting policies and then apply them consistently. make judgments and accounling estimates that are reasonable and prudent; prepare the financial siaiemenis on the going concern tsasis unless 11 Is Inappropriaie to presume that Ihe company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and 8xplain the company's transactions and disclose with reasonable accuracy at any time the financial position of the cornpany and enable them to ensure that the financial statements Gomply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence lor taking reasonable steps for the prevention and detection of fraud and other irregularities. Small Com an Provlslons This report has been prepared in accordance with the provisions applicable to companies entitled to the srnall companies exemption. This report was approved by the B rd f Dir tors on 41h October 2024, and signed on its behall by.. Mrs Helen Hart Director Mr Paul Harp Director The notes on pages 8 to 15 farm part ol these financial statements. Page 4
Liberty Chuich Mld-ulstei. Company limited by auarantee Independent examiiier's report to the charlty Directors ol Liberty Church Mid-ulster charilable company. I report on the accounts ol the company lor the year ended 31 st March 2024, which are set out on pages 6 to 16. Respeclive responsibilities of charity Directors and examiner As the charity Direclors land also the directors of Ihe company for the purposes of company law) you are responsible for Ihe preparation of the accounts in accordance with the requirements of the Companies Acl 2006. Having satisfied myself that the charity is not subject to audil under company law, and is eligible for independent examination, it is my responsibility to: exarnine the accounts under section 65 of the Charities Acl follow the procedures laid down in the general Directions given by the Charity Commission for INoriflerii ireidllu uriuer seLiiuii oi j¥1 jui oi li ie knriariiies klGi state whether particular matters have come to my attenlion. Basis of independent examiner's report I have examined your charity accounts as required under seclion 65 of the Charities Act and my examination was carried oul in accordance with the general Directions given by the Charity Cornmission for Northern Ireland under section 65191(bl ol the Charities Act. The examination included a review of Ihe accounting records kept by the charity and a comparison of the accounls presented with those records. It also included Gonsideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity Directors concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. That accounting records were not kept in accordance with section 386 of th8 Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the charities Statement of Recommended Praclice CCNI ARR07 supporting document 7 August 2016 applicable to charities preparing their accounts in accordance with the Financial Reportiiig Standard applicable in the UK and Republic of Ireland 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statemenl I have completed my examination and have no concerns in respect ol the matters (1) to141 listed ij) rnrnnpftfrin.n with fn.!inwinn ni.raptirnne .ry! tho nth?.rito n.nmrni<¢in.n foy N.nrthprn Ireland, I have found no matters Ihat require drawing to your attention. Jonathan Ross FCA ** uiatyrriittiaiiu iluau nriiiiiyiiiiiur Portadown BT62 1 NE Date.. 41h October 2024 I ne noles on pages 8 to 15 lorm payl ol tnese Iinancial slatemenls. Page 5
Llberty Church Mld-ulster Company limited by guarantee statement of Flnanclal Actlvlll8S (to Include Income and Expendlture accounl) Year ended 31 March 2024 SlaterInt of Financlal Aclivilies Unrestricted Funds Restricted Funds Total Funds Prior year For the period ended 31 March 2024 Incomlng Resources Incoming Resources from generated funds Voluntary incoma Aclimties for generating funds Oiher incoming resources Tolal Incoming ResourGes Noles 78,547 1,250 39,111 117,658 1,250 30,036 60 Resources Expended Charitatle activities Running Costsl Administrative cosls Governance Costs Other Resources E4)ended Tolal Resources Expended Net Incornlngl outgolng re8oruces before translors 54,899 20,458 1,221 25,778 13,669 80,677 34,127 1,221 24,098 8,823 1,980 116 025 4.474 336 Gross transfers between funds Net incorning res(¥ur¢es ijetore otT reGognlsed galns and losses Net rnvement In funds Reconclllatlon ol funds Total lunds broughl forward Tolal funds Carried forward 336 4,807 4.474 13361 4,138 14,8071 12 Ali income was (Jerived from conlinuing activities, Inerelore no statement ol total recognised. gains and losses is required. The notes on pages 8 to 15 form part ol these financial slalements. Page 6
Liberty Church Mld-ulster Company limited by.quaranlee Statemenl ol Flnancial Position 31st March 2024 Notes: 2024 2023 Fixed Assets Tangible fixed assels 52,595 52,595 60,832 60.832 Current Assets 35,701 23,261 Credltors: amounts falllng due wlthin one year 10 2,907 2,819 Net Currenl Assets 32,794 20.442 Tolal assets less current liabilities 85,389 81,274 Credltors: amounts falllng due afler mole than one year 52 75 Nel assels 85,337 81,199 resen Unrestricted funds Restricted funds 12 12 12 6,482 78,855 85,337 2,008 79,191 81,199 For the year ending 31st March 2024 the company was entitled 10 exernpiion from audit under section 477 of the Companies Act 2006 relatina to small companies. Directors responsibilities: The members have not required the company to obtain an audit of its financial slaternents for the year in question in accordance with section 476,. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. i iiebe iiridllulcll &LdLgirieriis fidvg uegii prepdieu iri dGGofudTlCg wiiri trig PTOVibiuns appiiGdiJie iu companies subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland,. These financial statements were approved by the board ol dir October 2024, and are signed on behalf of the board by.. tors nd authorised for issue on 4 rs elen Hart Director Company registration number: N1684479 Mr Paul Director ar The notes on pages 8 to 15 form part ol these finanGial slatemenls. Page 7
Liberty Church Mid-ulstev Company Ilmlted by guarantee Notes lo the flnancial Statements Year ended 31st March 2024 Company Information Liberty Church Mid Ulster is a private company limited by guarantee. The company is incorporated in Northern Ireland. The registered office address is 33a William Street, Cookstown, Go Tyrone, BT80 8AX. Accountlng policies The principal accounting policies adopte(J, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Basis of preparation The financial statements have been prepared in accordance with the Accounting and Reporting Charities., Statement of Recommended Practice apDlicable to charities Dreparing their accounts in aGcordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102 1 A) (effective January 2015) - Charities SORP IFRS 102)). 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 profit of loss. The financial statements are prepared in Sterling, which is the functional currency of the entity. Golng Concern Ai tne Time OT approving rne accouiits, Tne DIreOrS nave a reasonable expeaaiion Inai Tne company has adequate resources to continue in op8rational existence for the foreseeable future. This expectation has been arrived at based on their regular reviews of incorne and expenditure, and their rouiine cash-flows. On this basis they have determined Ihe charity to be a going concern. Fund Accounling General Funds are Unrestricted Funds which are available for use at the discretion of the Directors in the furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated Funds comprise Unrestricted Funds that have been set aside by the Direclors for a particular purpose. Restricted Funds are funds that are to be used in accordance with specific restrictions as imposed by the donor/s, or which have been raised by the charity for a particular purpose. Income Recognition Policy Items of income are recognised and included in the accounts when all of the lollowing criteria are met: Tne cnarity is enTiiieuTO Tne Tunas Any performance conditions attached to the item of income has been met or are fully within the control of the charity There is sufficient certainty that the receipt of the income is considered probable- and The amount can be measured reliably Donated Servic8s and facilities In accordance with the Gharilies SORP (FRS 102), the general volunteer lime of supporters is not rp.r.nnnisp.d Expendilure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. Expenditure on charitable acilvities includes Ihe purchase of foodstuff for delivery to those in need Other Expenditure represents those items not falling into any other heading Page 8
Liberty Chuych Mid-ulster Company Ilmlted by ouarantee Notes lo the financial statements Year ended 31st March 2024 Continued..... The charity is not registered for VAT; all VAT incurred on purchases is therefore irrecoverable. The Gost incSusive of VAT is therefore charaed to the incorne and exDenditure account aaainst the activilv for which the expenditure was incurred. Tangible assets Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less anv subseauent accumulated deL)reciation and subseaueni accumulated impairment losses. An increase in Ihe carrying amount of an asset as a result of a revalualion, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to Ihe exlenl of any previously recognised revaluation increase accumulated in capital and reserves In respect ot Ihai asset. Wliere a revaluaiicn oecrease exceeds tlie aGcumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Deprecialion is calculated so as to write off Ihe cost or valuation ol an asset, less its residual value, over the useful economic life ol that asset as follows.. If there is an indication that there has been a sianificanl chanae in deDreciation rate. useful life or rasidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates. Basis of deprecialion calculations.. Building (Leasehold) 10°/. Reducing Balance Equipment 25°/. Reducing Balance Fixtures, f itting and 10 % Reducing Balance furniture Impairmeni A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When il is nol 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- cash inflows that are largely independent of the cash inflows from other assets or groups of assets, Stocks Stocks are measured at Ihe lower of cost and estimated selling price less costs to cornplete and sell. Cost includes all costs of purchase. costs o( conversion and other costs incurred in bringing the stocks to their present location and condition. Page 9
Liberty Church Mid-ulster Company limlted by guarantee Notes to the financial statements Year ended 31st March 2024 Continued..... Government gran15 Government grants are recognised at the fair value of the asset received or receivable. Granls are nol recoanised until there is reasonable assurance that the companv will complv with the conditions attaching to them and the grants will be received. Government grants are recognised using Ihe accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial suppor1 to the entity with no future related costs are recognised in income in the period in which it becomes receivable. ranis reiaiing 10 assets are recogniseo in income on a sysiemalic Dasis over Ine expecieu useTui life of the assel. Where part ol a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount ol the asset. Under the performance model, where the grant does not impose specified future performance- related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the reciDient. it is recoanised in income onlv when the Dertormance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition crileria, they are recognised as a liability. Flnancial instruments There are no major issues affecling the amount, timing and certainty of future cash flows as Ihe prirnary source ol day to day funding comes from Department of Education; and the primary source of funding for capital expenditure comes from Department of Education. The directors of the company are aware oi Ineir iunaing aiiocaiions in aavance oi Ine incoming year, ana prepare ineir budgets accordingly. Volunlary Incorne Unrestricted Reslricled Total Fund5 Prior year Church Ollerings Donations rec'd Donations Foodbank Missions Collections Donations Festivals Gift Aid Donations Calé 54,307 11.900 54,307 11.900 3,445 15,142 2,500 3,442 3,445 10,414 10,414 4,224 4,224 12,340 12,340 1,289 2,378 1,289 11 n7 no? 77? Educalion Donations - Rent Counselling Income 1,515 7,137 1,515 7,137 1,801 78,547 39,111 117,658 30,036 Page 10
Liberty Church Mid-ulster Companv limiled by quarantee Notes to the financial statements Year ended 31st March 2024 Continued..... Activilies f or generating funds Total Funds Prior year Unrestricted Restricted Hall Hire 1,250 1,250 1,250 1,250 60 60 Tolal Funds Prior year Cost of charitable actlvities Unreslricled Restricted Donations Donations- Alms Visiting Speakers/ Horourarium Kings Kids Missionary Support Foodbank Purchases Foodbank - Motor Exp Calé purchases Outreach in Community Counselling Services Unite Festival Videography & Media Wages & Salaries erisiuri vlS Cateringl Hospitality Resources Conlerencel Retreat Training Courses Missions Trips 832 85 917 300 400 1,425 31 703 150 1,575 31 703 3,067 464 166 134 7,948 5,168 1,800 43,128 1,107 159 750 426 50 3,067 378 166 86 134 811 944 1,800 43,128 408 1,675 7,137 4,224 1.000 14,823 i,iiiu 1,614 1,039 272 430 166 130 1,780 1,169 272 1,143 1,169 778 184 182 713 9,562 80,677 24,098 Page11
Liberly Church Mid-ulster Company limited by guaranlee Notes to the fir13ncial statements Year ended 31st March 2024 Conlinued... Running Gostsl Adminislrative expenses Total FLJnds Prior year Unrestricted Reslricted Rent Insurance Computer Bureau Light & Heal Repairs & Maintenance Printing, postage & stationery Tpltti.phnnp.l Brnadhanrjl Tp.yl Motor Travel Bank Charges Bank Fees - Go Cardless General expenses Subscriptions Depreciation 3,398 826 455 2,875 454 175 1 n7A 150 437 571 325 726 750 12,602 16,DOO 826 455 2,875 454 175 1 07R 150 1,289 786 325 726 750 8,238 5,333 312 130 1,359 359 126 852 215 325 183 127 60 20,458 13.669 34,127 8,823 Governance Cosls Total Funds Prior year Unreslricled Restricted Legal & Professional 133 133 1,080 4 rtrt nh uv rnC4•vufiLarii4y Other resources expended Total Funds Prior year Unrestricted Reslricled Bank Interest paid Page12
Liberty Church Mid.Ulster Company Ilmlted by auarantee Notes to the tinancial statements Year ended 315t March 2024 Conlinued.. Furniture Tangible Fixed Assets Buildings Equipment Total (Leasehold) Fittings Cosl Al 1 April 2023 Additions Disposals At 31 March 2024 44,122 2,345 14,365 60.832 44,122 2,345 14,365 60,832 reci Al t April 2023 Charge Disposals Al 31 March 2024 4,412 234 3.591 8.237 4,412 234 3,591 8,237 Net Book Value Al 31 Matrch 2024 At 31 March 2023 39,710 2.111 10.774 52.595 2024 2023 Currenl Assets Cash al bank and in hand Debtors 32,681 22,512 749 23,261 35,700 10. year Credltors less than 1 2024 2023 Trade credilors Accruals PAYE Credit card 723 1,390 795 298 2,238 283 2,908 2,819 Page13
Liberty Church Mid-ulster Company limited by guarantee Notes to the fin3n¢ial statements Year ended 31st March 2024 Contlnued. Deterred Grants and Deferred Income 2024 2023 At 1 ADril 2023 Rec8ived in year Released i n year At 31 March 2024 75 75 1231 52 75 12. Reconclllatlon of Reserves Total Funds Prior year Unrestricted Restrict8d B/fwd 1 April 2023 Tfr from Liberty Ghurch (Delicitll Surplus ilwa 8 l Marcn 2024 2,008 79,191 81,199 86,006 4,807 4,474 4,138 78,855 85,337 81,199 13. Trusleel Dlrector & Staff Cosls Total Funds Prior year Unrestricted Reslricled Stall wages Stall Social Security 43,128 43,128 14,823 43,128 43,128 14,823 The average number of persons (including DireGtorsl Trustees) employed by the company during the period ended 31 sl March 2024 was., 2024 Number 2023 Number Page 14
Liberty Church Mid-ulster Company limited by.auarantee Notes to the tiiiancial statements Year ended 31 st March 2024 Continued..... 14. Dlsclosure of Irusiee and staff remuneration, related party and other transactions No Directorl Trustee received any remuneration or were reimbursed expenditure from the charity during the year in their capacity as Director/ Trustee12023'. £Nla). Staff remuneration is set out in Note 13 {above). Transactions with Connected persons during the period under review the charity entered into arrangements for the delivery of Counselling and Videographylmedia services. The arrangements with tsoth part5es - Immeaiale family members ol a director, were unoeriaken witnout the Involvement of the director concerned and were entered into in accordance with the governing document.. the Articles of Association. It should also be noted that the remuneration agreed for services is well below market rate which represents excellent value for rnoney to the directors involved, Transactions with connected persons the charity employed one member of staff who is a connected person, by way of marriage, to a Directorl Trustee of the charity. This employment conlract was enlered into in a£cordance with the governing dor.umenl. the Articles of Association. Transactions with connected persons the charity employed one member of s1aff who is also a Directorl Trustee of the charity. This employment contract was entered into in accordance wilh the governing document, Ihe Arlicles of Association. 15. Limited by guarantee The Liabilitv of each member is limited to £1.00. beina the amount Ihat everv member of the company, in the event of the sarne being wound up while he or she is a member, or within one year after he or she ceases lo be a member, for the payment of the debts and liabilities of the company contracted before he or she ceases to be a member, and of the costs charges and expenses of winding up, and for the adjustment of the rights of the contribulories among themselves. Page 15