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2025-03-31-accounts

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Company registration number: NI684479 Charity Commission for NI No: 109066

Liberty Church Mid-Ulster Company limited by guarantee

Unaudited financial statements

Year ended 31st March 2025

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

Contents
Page
Directors and other information 1
Report of the Directors 2 - 6
Independent Examiners report 7
Statement of Financial Activity 8
Statement of Financial Position 9
Notes to the financial statements 10 - 17

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

Directors Mr David Adair Mr Paul Harper Mrs Helen Hart Mr Jason Shiels Company number NI684479 Registered office 33a William Street Cookstown Co Tyrone BT80 8AX Business address 33a William Street Cookstown Co Tyrone BT80 8AX

Accountants JSR 44 Blackisland Road Annaghmore Portadown Co Armagh BT62 1NE Bankers First Trust Bank 18-20 Scotch Street Dungannon Co Tyrone BT70 1AZ

Page 1

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

The Directors are pleased to present their annual directors’ report together with the unaudited financial statements of the charity for the year ended 31[st] March 2025. 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 strategy of the charity to include areas of activity for the charity, assessment of reserves and risk management. The day-to-day administration of the charity is delegated to Mr Jason Shiels (Director).

Risk Management

The Directors actively review any major risks, which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined 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 have established systems to mitigate the most significant risks.

Objectives of Liberty Church Mid-Ulster

The church is established and has a primary area of benefit in Mid-Ulster for:

a) the promotion of the Christian faith b) to relieve sickness, poverty, hunger, hardship and promote well-being c) to further Christian education d) partnership for the common good in society e) any other exclusively charitable purposes

Activities, meeting objectives and public benefit

The Directors have had regard to the Northern Ireland Charity Commission's Public benefit 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[st] March 2025.

This is the second annual report for Liberty Church Mid-Ulster.

Charitable Activities and Impact Report

This period has seen considerable success in meeting the aims and objectives of the charity.

Directors report – 2024-25

Charitable Activities and Impact Report

The following is an overview of the ways in which the activities of the church meet the aims and objectives of the charity.

Church meetings – During the year the church has continued to meet every Sunday for worship at 11am and monthly with an evening meeting. Since the end of the financial year being reported on, we have not been having an evening service. The purpose of public meetings is to promote the Christian faith in the congregation and community (through evangelism, teaching, and discipleship) and to develop the church body along with the associated activities of the church body, and to

The notes on pages 10 to 17 form part of these financial statements.

Page 2

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

educate members and the public on the teachings of the Bible. Our vision is derived from our doctrinal statements found in the meta-narrative of Scripture and the specific commands of Jesus Christ.

Life Groups – Life Groups met in different homes and areas for the purpose of fellowship, prayer, Bible study, support and spiritual growth. We encourage the groups to practise the teachings and the ‘one another’s’ of Scripture to grow as a maturing local body of believers. We also encourage the Life Group members to be missional.

Prayer – we have regular prayer meetings at Liberty and believe that our value on prayer is a measure of our dependence on the Lord.

Prayer ministry – this impactful ministry has been offered for those requesting ministry after meetings or when requested.

King’s Kids – we are so thankful for those who have volunteered their time this year to serve in our vibrant King’s Kids children’s program for ages 4-11 years on a Sunday morning. Tracey Carson has taken on the co-ordination of this ministry. Her enthusiasm and vision for the work are deeply appreciated and so beneficial for the children. The children are taught Scripture and what this means. They sing together, make crafts and talk about how faith meets life.

‘Parent and child rooms’ – we have two comfortable rooms upstairs for parents with small children who can watch the preach through video-link if they need to leave the main meeting area, while allowing for a space for toddlers and infants to play and interact.

Refreshments team – a big thanks to all the volunteers who have served us tea/coffee and treats throughout the year. This is always done with excellence and a smile! Thanks to Cherith Deacon who is co-ordinating this rota.

Hospitality team – thanks to all who have helped during the year with hospitality and hosting of events.

‘Christianity Explored’ course – a Christianity Explored course was run at Liberty during the year and was excellently led by Rachel Lawrence and her team. Thanks to those on team and to those who attended.

‘REACH’ – Liberty has been connected to a churches-together initiative in the Cookstown area.

Liberty Foodbank – alleviating food poverty:

The notes on pages 10 to 17 form part of these financial statements.

Page 3

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

with referral partners and donors, and much more. Most of those involved are volunteers and in so many ways are unsung heroes of our community. This has become a significant service in our community and has latterly been recognised through Hardship fund awards from MUDC (2024-25, £4,000). We are grateful for their support and for that of community champion Janice Gibson (Asda community champion) and Asda Foundation. We would also like to recognise the generous support of other local churches, especially in Harvest season, and the public at manned food collections at Asda.

Liberty Café – a place to connect :

Hire of facilities – Liberty premises in the centre of Cookstown provides an affordable option for community groups and organisations to host their meetings.

‘Home for good’ - Liberty continued to highlight the work of ‘Home for Good’ during the year. They work with fostering and adoption in NI.

Counselling services – Liberty offers quality counselling sessions towards alleviation of mental and emotional health struggles in our community. Information and bookings can be made via phone, email or the booking platform on the church’s website. Many testimonials are available of the significant help this has brought to service users.

Partnership – Liberty Church Mid-Ulster works in partnership with other churches and organisations where there is a strong sense of relational connection, shared philosophy of ministry and beliefs.

Signposting and referral partners – one key element of our philosophy of ministry is signposting . This happens through building relationships of trust and understanding with other

The notes on pages 10 to 17 form part of these financial statements.

Page 4

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

agencies, churches, and organisations over time. Liberty is now well established in Cookstown. We are pleased to say that we have a range of referral partners to our public benefitting services. We are equally pleased to say that we also refer people we have contact and relationship with to other local services which are best positioned to assist and meet needs.

Education and training – Bible classes and courses, mental health seminars, and volunteer training. The ministry of the Word has been taught and studied in various forums and applied to various facets of life.

Young Adults – this ministry has developed well over the past year and has been a source of connection and spiritual encouragement to those involved.

Ladies ministry – events and meetings for ladies have been an important part of the church since it began in 2014 and in the past year too.

Ali Shiels and a team of ladies now lead the new Liberty lady’s ministry called ‘ Wholehearted ’.

Media and Sound team – a big thanks to all involved in this important work over the past year. Opportunity exists for new volunteers for sound, audio-visuals, video, and social media.

Worship team – we have a team of musicians who serve us so well through song, music and the creative arts.

Fundraising for mission – we are deeply grateful for the donations for mission during this financial year. This included donations for a ‘Nepal fundraiser’. Most of the outgoing expenditure from the latter fundraiser were spent after the end of the financial year and will be seen in next year’s report.

A word of thanks…

We would like to thank Gillian Brown for her hard work on staff as a part-time Administrator at Liberty Church Mid-Ulster . Gillian’s employment at the church ended in February 2025. We wish Gillian well in her future endeavours.

We would also like to recognise and thank all volunteers / leaders who gave of their time and service in the past year, including those who are no longer involved in these roles.

We would also like to acknowledge and offer thanks for the generous donations by Dropinn Ministries £7,700 (2024; £11,900), Delmarva Foundation £10,913 (2024; £11,087) during the year to help facilitate our public benefitting vision and activities.

Financial Overview:

The Financial Accounts are presented to the Church annually at the Family Meeting by David Adair, Director and Treasurer, with an opportunity for any members of Liberty to ask questions and receive answers on all aspects of Liberty's accounts. Copies of accounts are also made available for members at this meeting. This is in line with the value and ethos of all Directors to be both accountable for, and transparent in all aspects of Liberty Finances

The notes on pages 10 to 17 form part of these financial statements.

Page 5

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

The Financial Statements are presented in the standard format required by the Charities SORP (FRS 102) 2015 and in accordance with The Charities (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 £ 96,790 (2024; £ 120,163 ) Total Resources Expended £102,455 (2024; £ 116,025 ) (Deficit)/ Surplus for year £(5,655) (2024; £ 4,138 )

No funds held by the charity were in deficit either during the year or at the year end.

Registration Details:

Registered Northern Ireland Charity No: NIC109066 Registered Limited Company No: NI684479 Company Registered in Northern Ireland

Statement of directors responsibilities

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 to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the Board of Directors on 14[th] November 2025, and signed on its behalf by:

wea= [ PaulHarper Mr David Adair Mr Paul Harper Director/ Treasurer Director

The notes on pages 10 to 17 form part of these financial statements.

Page 6

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

Independent examiner’s report to the charity Directors of Liberty Church Mid-Ulster charitable company.

I report on the accounts of the company for the year ended 31st March 2025, which are set out on pages 8 to 17.

Respective responsibilities of charity Directors and examiner

As the charity Directors (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements 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:

Basis of independent examiner’s 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 65(9)(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 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 the 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 Practice

CCNI ARR07 – supporting document 7 August 2016 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland

  1. 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 concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

(nat by:

Jonathan Ross FCA

44 Blackisland Road, Annaghmore Portadown BT62 1NE

Date: 14[th] November 2025

The notes on pages 10 to 17 form part of these financial statements.

Page 7

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee Statement of Financial Activities (to include Income and Expenditure account) Year ended 31 March 2025

For the period ended 31 March 2025
Incoming Resources
Notes
Incoming Resources from generated
funds
Voluntary income
2
Activities for generating funds
3
Other incoming resources
Total Incoming Resources
Resources Expended
Charitable activities
4
Running Costs/ Administrative costs
5
Governance Costs
6
Other Resources Expended
7
Total Resources Expended
Net incoming/ outgoing resources
before transfers
Gross transfers between funds
Net incoming resources before other
recognised gains and
losses
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
68,593
845
13
69,451
54,118
20,291
1,445
(145)
75,709
(6,258)
-
(6,258)
(6,258)
6,682
424		 Restricted
Funds
£
27,339
-
-
27,339
14,639
12,097
-
-
26,736
603
-
603
603
78,655
79,258		 Total
Funds
£
95,932
845
13
96,790
68,757
32,388
1,445
(145)
102,445
(5,655)
-
(5,655)
(5,655)
85,337
79,682		 Prior year
£
117,658
1,250
1,255
120,163
80,677
34,127
1,221
-
116,025
4,138
-
4,138
4,138
81,199
85,337

All income was derived from continuing activities, therefore no statement of total recognised gains and losses is required.

The notes on pages 10 to 17 form part of these financial statements.

Page 8

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee Statement of Financial Position 31st March 2025

Notes: 2025 2024
£ £
Fixed Assets
Tangible fixed
assets 8 48,331 52,595
48,331 52,595
Current Assets 9 32,299 35,701
Creditors: amounts falling due within one
year 10 909 2,907
Net Current
Assets 31,390 32,794
Total assets less current liabilities 79,721 85,389
Creditors: amounts falling due
after more than one year
Net assets
Represented by:		 11 39
79,682		 52
85,337
Unrestricted funds 12 424 6,682
Restricted funds 12 79,258 78,655
12 79,682 85,337

For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

• The members have not required 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 requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 14[th] November 2025, and are signed on behalf of the board by: ( Mr David Adair Fer4A18B577263F410... by: [Paul Mr Paul Harper CD5FB26793D44B8...by: Director/ Treasurer Director Company registration number: NI684479

The notes on pages 10 to 17 form part of these financial statements.

Page 9

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

Notes to the financial statements

Year ended 31st March 2025

1. 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, Co Tyrone, BT80 8AX.

1.1 Accounting policies

The principal accounting policies adopted, 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 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 1A) (effective January 2015) – Charities SORP (FRS 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.

Going Concern

At the time of approving the accounts, the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. This expectation has been arrived at based on their regular reviews of income and expenditure, and their routine cash-flows. On this basis they have determined the charity to be a going concern.

Fund Accounting

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 Directors 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 following criteria are met :

Donated Services and facilities

In accordance with the Charities SORP (FRS 102), the general volunteer time of supporters is not recognised.

Expenditure 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:

Page 10

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

Notes to the financial statements

Year ended 31st March 2025

Continued…..

The charity is not registered for VAT; all VAT incurred on purchases is therefore irrecoverable. The cost inclusive of VAT is therefore charged to the income and expenditure account against the activity 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 any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, 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 the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates. Basis of depreciation calculations:

Impairment

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 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 cashgenerating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Page 11

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

Notes to the financial statements Year ended 31st March 2025

Continued…..

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the 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 support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Under the performance model, where the grant does not impose specified future performancerelated 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 recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

2. Voluntary Income
Church Offerings
Donations rec'd - Drop Inn
Donations – Foodbank
Missions – Collections
Donations – Festivals
Gift Aid
Donations - Café
Delmarva Education
Donations - Rent
Counselling Income		 Unrestricted
£
47,092
7,700
-
-
-
12,592
1,209
-
-
-
68,593		 Restricted
£
-
-
7,073
6,281
-
-
-
10,913
157
2,915
27,339		 Total
Funds
£
47,092
7,700
7,073
6,281
-
12,592
1,209
10,913
157
2,915
95,932		 Prior
year
£
54,307
11,900
3,445
10,414
4,224
12,340
1,289
11,087
1,515
7,137
117,658

Page 12

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

Notes to the financial statements Year ended 31st March 2025

Continued…..

3. Activities for generating funds
Hall Hire
4. Cost of charitable activities
Monetary Gifts
Monetary Gifts - Alms
Visiting Speakers/ Honorarium
Kings Kids
Missionary Support
Foodbank Purchases
Foodbank - Motor Exp
Café - purchases
Outreach in Community
Counselling Services
Unite Festival
Videography & Media
Wages & Salaries
Pension Costs
Catering/ Hospitality
Resources
Conference/ Retreat
Training Courses
Missions Trips		 Unrestricted
£
845
845
Unrestricted
£
3,054
-
1,000
442
300
-
-
633
40
-
-
291
43,608
2,011
958
833
-
944
4
54,118		 Restricted
£
-
-
Restricted
£
-
1,106
-
-
-
4,018
245
-
-
2,700
-
-
-
-
1,519
-
-
-
5,051
14,639















Total
Funds
£
845
845
Total
Funds
£
3,054
1,106
1,000
442
300
4,018
245
633
40
2,700
-
291
43,608
2,011
2,477
833
-
944
5,055
68,757

















Prior
year
£
1,250
1,250
Prior
year
£
917
-
1,575
31
703
3,067
464
166
134
7,948
5,168
1,800
43,128
1,650
1,780
1,169
272
1,143
9,562
80,677

Page 13

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

Notes to the financial statements

Year ended 31st March 2025

Continued…..

5. Running costs/ Administrative expenses

Rent
Insurance
Computer Bureau
Light & Heat
Repairs & Maintenance
Printing, postage & stationery
Telephone/ Broadband/ Text
Motor
Travel
Bank Charges
Bank Fees - Go Cardless
General expenses
Subscriptions
Depreciation
6. Governance Costs
Legal & Prof.
Accountancy
7. Other resources expended
Bank Interest paid
Hire Purchase interest paid		 Unrestricted
£
4,930
796
642
2,204
1,225
418
818
-
-
460
390
140
522
7,746
20,291
Unrestricted
£
-
1,445
1,445		 Restricted
£
11,070
-
-
741
-
49
-
-
197
-
40
-
-
-
12,097
Restricted
£
-
-
-		 Total
Funds
£
16,000
796
642
2,945
1,225
467
818
-
197
460
430
140
522
7,746
32,388
Total
Funds
£
-
1,445
1,445		 Prior
year
£
16,000
826
455
2,875
454
175
1,078
150
1,289
786
325
726
750
8,238
34,127
Prior
year
£
133
1,088
1,221
Unrestricted
£
(145)
-
(145)		 Restricted
£
-
-
-		 Total
Funds
£
(145)
-
(145)		 Prior
year
£
-
-
-

Page 14

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

Notes to the financial statements Year ended 31st March 2025

Continued…..

8. Tangible Fixed Assets
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge
Disposals
At 31 March 2025
Net Book Value
At 31 March 2025
At 31 March 2024
9. Current Assets
Cash at bank and in hand
Debtors
10. Creditors less than 1 year
Trade creditors
Accruals
PAYE
Credit card		 Buildings
(Leasehold)
£
44,122
44,122
4,412
3,971
8,383
35,739
39,710		 Furniture
&
Fittings
£
2,345
2,345
234
211
445
1,900
2,111		 Equipment
£
14,365
3,482
17,847
3,591
3,564
7,155
10,692
10,774
2025
£
26,405
5,894
32,299		 Total
£
60,832
3,482
-
64,314
8,237
7,746
-
15,983
48,331
52,595
2024
£
32,681
3,019
35,700
2024
£
723
1,390
795
-
2,908
2025
£
120
790
-
-
910

Page 15

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

Notes to the financial statements

Year ended 31st March 2025

Continued…..

11. Deferred Grants and Deferred Income
At 1 April 2024
Received in year
Released in year
At 31 March 2025
12. Reconciliation of Reserves
Unrestricted
£
B/fwd 1 April 2024
6,682
(Deficit)/ Surplus
(6,258)
C/fwd 31 March
2025
424
13. Trustee/ Director & Staff Costs
Unrestricted
£
Staff wages
43,608
Staff Social Security
-
43,608		 Restricted
£
78,655
603
79,258
Restricted
£
-
-
-		 2025
£
52
-
(13)
39
Total
Funds
£
85,337
(5,655)
79,682
Total
Funds
£
43,608
-
43,608		 2024
£
75
-
(23)
-
52
Prior
year
£
81,199
4,138
85,337
Prior
year
£
43,128
-
43,128

The average number of persons (including Directors/ Trustees) employed by the company during the period ended 31st March 2025 was:

2025 2024 Number Number 3 3

Page 16

Docusign Envelope ID: 0215F361-F77E-48B8-A090-694C1DDF3611

Liberty Church Mid-Ulster Company limited by guarantee

Notes to the financial statements

Year ended 31st March 2025

Continued…..

14. Disclosure of trustee and staff remuneration, related party and other transactions

No Director/ Trustee received any remuneration or were reimbursed expenditure from the charity during the year in their capacity as Director/ Trustee (2024: £N/a).

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 Videography/Media services. The arrangements with both parties - immediate family members of a director, were undertaken without 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 these services is well below market rate which represents excellent value for money 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 Director/ Trustee of the charity. This employment contract was entered into in accordance with the governing document, the Articles of Association.

Transactions with connected persons – the charity employed one member of staff who is also a Director/ Trustee of the charity. This employment contract was entered into in accordance with the governing document, the Articles of Association.

15. Limited by guarantee

The Liability of each member is limited to £1.00, being the amount that every member of the company, in the event of the same being wound up while he or she is a member, or within one year after he or she ceases to 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 contributories among themselves.

Page 17