REGISTERED COMPANY NUM8ER: N1690759 REGISTERED CHARrrY NUMBEFi" NIC109252 Report of the Trustees and FinancAI Statements for the Year Ended 31st August 2024 for Immanuel Church Mllllsle D.N. Robinson Limited Chartered Certified Accountant and Chartered Tax Adviser 17 Grays Hill Bangor. County Down BT20 3BB
Immanuel Church Mlllisle Company Limited by Guarantee Unaudlted Flnanclal Statoments Year Ended 31 August 2024 Pages Trustees. annual report (incorporating the dlrectofs report) 1to3 Independent examinefs report to the trustees Statement of financial activities (including inc(Th and expenditure account) Slalemenl of flnanclal posltbn Notes to the financlal 81atements 7t012
Immanuel Church Millisle Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) Year Ended 31 August 2024 Reference and admlnl8trdtive detall$ Registered charity name Immanuel Church Millisle Charity regislrallon number NIC109252 Company roglstration number N1690759 Prlnclpal offlce and reglstered offlce 17 Grays Hill Bangor BT20 38B The trustees Mr T Rawson Mr P Gibson Mr N Gilmour (resigned 28104r2025) Ms D Lennon Mr D Maybery Ms C McKinley (resigned 13112r2024) Ms C Wthe (SIgned 24103r2025) Independent examlner D.N. Robinson Limited 17 Grays Hill Bangor BT20 3BB Structure, govomance and management The company is limited by guarantee and has no shafe capital. It is recognised as a charrty by HM Revenue & Cusloms and 15 registered the Charities Commission for Northem Ireland. Pag8 1
Immanuel Church Mllllsle Company Limited by Guarantee Trustees, Annual Report (InGorporatlng the Dlrectorfs R•port)(contlnued) Year Ended 31 August 2024 The trustees who are also direclors of the chanty for the purposes of the Companies Act 2006, presenl their report with the financi81 statements of the charity for the year ended 31 August 2024. The tnjstees have adopted the provislons of Accounting and Reporting by Charities.. Slalemenl of Recommended Practic8 applicable lo charities preparing thelr accounls In acwrdance wilh the Financial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102) (effectlve 1 January 2019). Objectlves and a¢tlvltles The objectives of the Charity. as laid out In the goveming document. are- 1. To promote the Christian Religion In Northem Ireland 2. To provide weekly public worship services and enable charitable works among the local communlty on the Ards Peninsula and other such places as the Trustees may decide. AGhlevomgnts and perfomiance During the accounting period covered by this statement. the church has Continued lo fulfil its expressed objectives. The cenlral actlvty of the church is our weekly Sunday morning seprfice. which seek5 to engage the wholé famlly Sn age 8pproprlate eduGalion and worship. Also, on a weekly ba515. we have a mid-week discipleship meeting, prayer meeting and youlh gathering. Our objectives have further been fulfilled by th8 employment of a Youth Ministry Associate. On a monthly basls, our over 60's hold a meeting. Sporadically. our calendar Indudes many other events and activitie5, such as fvn days, and meetings with other Ghuches. Church life and activity is supported by an active volunteer learn who ar8 all commilled to Ihe hur¢h, have underdone appropriate training, and are vetted and approved by Ac¢essNI. These volunteers are integral to continued success of the church. Volunteers serve in a vast array of roles. including youth and children's work. music mlnislry, hospitality. and pastoral mlnislries. The church is p051tloned to welcome and received newcomers arKI sees this as an Important part of ils purpose. Every visilor can avail of church welcome packs. which provido information about Ihe life and activity of the church and ils objectives in the community. LookSng forward. it is the Intenlion of the Trustees lo govem and oversee the church into greater fulfilmenl and Its oblectlves as m8npower and finances allow. Flnancial Review The main $our¢e of Income Ihrough weekly free will offering. donations and gift aid. Tolal income for the year was £152,497 of whiGh £1.500 was given Specifically towards a bullding fund. Expenditure for the year vms £65.204, leaving an unrestricted balance of £197,631. Page 2
lrnmanuel Church Mllllsle Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Directo5 Report)(continued) Year Ended 31 August 2024 The organisation is currently in r8nted accomodation and Is actively looking at the polential either lo purchase or build its own premises in the future. The Trustees have considered the level of unrestricted funds as matching the needs of Ihe organlsallon at the Current lirn8 and the forseeable fvture. Srnall Company provl$lon• This report has bean prepared in accordanrA vllh the provisions applicable to companiès entltled lo the small companies exemption. The Irustees. annual report was approved on 19th May 2025 and signed on behalf of the board of trustees by: ennon Trustee P8ge 3
Immanuel chUh Mllll$le Company Llmlted by Guarantee Independent Examlner's Report to the Charlty Trustees Year Ended 31 August 2024 I report on the accounts of the company for the year ended 31 August 2024 on pages 5 to 12. R8sp•ctlvè rè•ponslllbllltlo• of ch•rlty truste0• and examlner As the charitys trustee8 land also the dlrertors of the company for Iha purposos ol company lawl you 8re r05ponsiblo lor Iho preparatlon of tho accoun15 in acGcrdance vAlh tho requirements of the Companles Act 2006. Havlng 5allsfied mysell that the charity 18 not Subje to audit under ¢ompany1ow, and 18 ellglble for Independent 8xamSn8b'on, it is my responslbility lo.. Examlne tha acwunls under sectlon 65 of the Charftlés Act Follow the procedures lald down In the general Dlrecllons glven by the Comml8sion undor 58¢tion 6519)Ibl of the Chariti85 Act stste whether partlculaT matter¥ have come to my attenllon. Basls ol Indopondent examlnef• report I havtr tX8mined your charlty Accounts as required under 80ctlon 65 of the Charlll88 Act and my examlnollon was carrled out in accordance with the general Dlrectk>ns glven by the Charlty Commlsslon for Northern Ireland under section 8519llb) of the Charities kt. My examination included a revlew of the accounting records kept by the charity and a comparison ol the accounts presented wllh thos8 records. It 8lBO includ8d considerallon of any unu8ual i18ms or disclosurè5 in tha accounts, and seeklng explanallons from you as ch8rlty Iru8te9g concamlng any such matters. My role 15 lo statg whether any materfal matters have eoma to my attentl¢)n glvlng me U58 to belleve.. 11. Ttt81 a¢countSng records were not kept In accordanco wllh sectSon 388 ol the Companles Act 2008 21. That the accounts do not accord with those accountlng records 31. That th8 accounts do not comply with Ihe accounts'ng requirements of seGtion 398 ol the Comp8nigJ Act 2006 and wSlh the method8 and principl&s of tha Charities Stslemenl of Re¢omm8nd8d PTaclice applicable lo chadlleg preparing Ihelr accounts In accordance wllh the Financlal Reporung Slgnd8rd appll¢able In the UK and the Republlc of Ireland 4). That there Is lurth•r Inlornialion needod for o proper underntondlng of the accounts to ba reach¢d. Indop•nd•nt ex•mlngI1 8tatfrm•nt I have completed my examlnalion and have no GonGerns In respect of the m8tter¥ (11 to141 listed abov• and, In conneciion wilh followlng the Oirections ol the Charity Commission lor Northern Ireland, I have found no mattèrs that require dI8n9 lo your att•ntion. Michelle Robinson O.N. Robinson Limited 17 Gr8ys Hill. 8angor, 8T20 3B8 19th May 2025 Page 4
Immanuel Church Milllsle Company Llmited by Guarantee Statement of Flnanclal Actlvlties lincludlng Income and expenditure account) Year Ended 31 August 2024 2024 Unrestricted 2024 Reslricled funds 2024 2023 Total funds Total funds Not? Incom? and endowmonts Donations and legacies Snveslment income 150.997 1.51x1 152,497 181,880 Total In¢ome 150,997 1,51XI 152.497 181,880 Expendlture Expendllure on charflable acllvStlgs 65.204 6S,204 69,042 Total oxpendltur• 65.204 65,204 Net Income 85.793 1,500 87,293 112.838 TransfeT8 betsveen lund8 Not movem•nt In fund• 85.793 87.293 112.838 Reconcillation of lunds Totsl funds brought forward Totsl funds carrled fOard 111.838 197631 1,000 112838 200 131 112.838 The slalemenl of flnanclal adivities includes 811 gains and losses recognised In the year. All income and expenditure derive from conlinuing a¢livlUe$. The notes on pages 7 to 12 form part of these 8tatern?nts. Pagg 5
Immanuel Church Mllllsle Company Limited by Guarantse Statement of Flnanclal Posltlon Year Ended 31 August 2024 2024 2024 Unrestricted Restricled fvnds funds 2024 2023 Total funds Total funds Nots Flxed assets Tangible fixed assets 12 Currentassets Debtors Cash at bank and in hand 13 11.773 187.922 199,695 11,773 190,422 202,195 2.500 2.500 132.181 132,161 Credltors: amounts falllng due wlthin one year Net current assets Total assets less current Ilabllltl 14 19.323 112.838 112.838 197.631 197.631 2.500 200.131 200,131 Net assets 197.631 200 131 112.838 Funds of the charity Restricted fund5 Unreslricled fiJnds Total charity funds 2,500 197,631 200 131 1.000 111.838 112.838 15 For the year ending 31 August 2024 the charity was entilled to dmpli0n from audit under seclion 477 of the Companies A¢t 2006 relating lo small c4)mpanies. Directors. respon5ibilities- {a) The membefs have not requlred the company lo obtain an audit of its financial stalemenl for the year In question in accordance *lth seclion 476; {bl The dtrectors acknthyledge th£yr responsibilities for complying with the requirements of the Act with respect lo accounting records and the preparallon of the financial statements. These financial slatemenls have been prepared in accordance with the provisions applicable to companles subjeGI to Ihe small companles, regime. These financlal statements We approved by the board of trustees and authorised for issue on 191h May 2025 and are Signed on behalf of the board by: ersnon Trustee The notes on pages 7 to 12 fomi part of these stslements. Pap6
Immanuel Church Mllllsle Company Llmlted by Guarantee Notes to the Flnanclal Statements Year Ended 31 August 2024 1. General Inforniatlon The charity is a public benefll entity and prfvate company Ilmlted by guarant&&, regi5tergd in Northem Ireland and a re9iStered charity in Northern Ireland. The address of the reglslered offlce b$ 17 Gray5 Hill. B8ngor. BT20 3BB. 2. Statement of compllanco These financial stalements have been prepared In compllance wllh FRS 102, The Flnanclal Rèportlng Standard appllcable lo the UK and the Republic of Ireland,. the Statement of R8commended Pracllce appllcable lo charllles preparlng Ihelr account$ In 8w)rdance wlth the Flnanclol Reportlng Sl8nd8rd appllcable In the UK an(1 Republlc ol Ireland IFRS 1021 (Charitie8 SORP (FRS 102)) and the Cornpanles Act 2006. 3. Accountlng pollcle• 8•sl• of pr•parntlon The flnancial statements have been prepared on the hlstorical cost basls, as modlfied by the revaluatlon of certain rinanGlal assets and Ilabllltlei and Investment propertles measured al lair value through income or expendllure. The flnanclal stalementi are prepared In slerllng, whlch18 the functional currency of the enlty. Golng Concern There are no malerlol uncertalnlles about the charV$ ablllty to conllnue. Dl•clo•ure ?xemptlon8 The enlSty sallftes the Cfllerla of bélng a quallfylng entlty as datlned In FRS 102. lal No cash flow statement has been presented for the company Ibl Dls¢losures In rosped of financlal instruments have not been pres8nled. Judgements and key gourc•s of estlmatlon uncertalnty The prep8ratlon of the financlal statements requlre8 management to make ludgement8. 88tlmat8s and a$¥umptions that affect the amounts reported. These e81Srnale5 and judgements are conllnualty reviewed and are based on experlence and olher factors, Including expectatlons of fulure evenl8 that are belleved to be reasonable undor the clrcumjtgnces. Fund accontIng Unreslrlcled funds are avallable for use al the d18cretion of the Iru81ee81o fvrther any of th• Chartvs purposes. Designated funds are unrestricted funds earmarked by the trustees for partlcular fulure projects or commitments. Reslricled fund5 are subjected lo restrlcttons on their expendilure declared by the donor or through the terms of an appeal, and fall into ong of two suwasses.. reslrlcted Income funds OT endowment funds. Incomlng rexourcol All incoming resources are Included In the slalemenl of finandal actNitieJ when enlitlemenl has passed lo the charity,. il is probable Ihal the economlc benefits as3oclated wlh the transaction will flow to the charlty and the amount can be reliably me85ured. The followlng specific Polle$ are applied to partiGular categorles of Income: Income from donatlons or grants is recognisod when there L8 evidence of entitlment to Ihe glft. recelpt is probable and Its amount can be measured rellabty. legacy income Is recognised when recelpt Is probable and entitlement is established. Pag9 7
Immanuel Church Mllllsle Company Llmited by Guarantee Notes to the Financlal Statements (conllnued) Year Ended 31 August 2024 income from donaled 9oods Is measured al the falr value ol the goods unless this Is Imprathl to measure reliabty, In whlch case the value Is defl¥ed from the cost lo the donor or the eslimaled resale value. Donaled fadlltle5 and serviG8$ are recognised In the accounts when CeIved if the value can be fellabty measured. No amounts are Included for Ihe contrlbution of generAI volunteers. Income from contracts for the Supp of ser¥lces l¥ recognOd wlth the d8llvery of the contracted 8er4lce. ThSs 55 dassrfed as unr8strlcted funds unless there b a contractual requlremenl lor M to be 8penl on 8 particular purpose and relurned rf unspenL in whlth se ft may be regarded as restried. Resou •ipendod Expendllure Is recognl¥ed on an accruals basls a¥ a Ilabllty Is (rred. Expenditu Includes and VAT which cannot be fulty reeovefed. and18 classiflad under haadlngs olthe Statement of Itnan¢io1 arAlvttlg3 to whlth11 relates.. expenditure on raising funds Includes Ihe costs 018tl fundraislng actlv5ties. events. non-charllable trading activites, and the sale ol donated goods. expenditure on charitable actlviles Indudes all costs Incurred ty a ¢h8rity In undertaklng 8ctivitle8 that further ils charitable alms lor the benefit of Ils beneficlaries. Including those support G05ts and costs relating io the g0v8n¢e ol the ¢h8rity apportloned to charitable adiville8. other expendfture Indudes all exp¢ndlturg that 1$ nelther rnlated to ralslng funds for the tharlty no part of Ils expendllure on charitable athlle$. All costs are allocated lo expendrture categorles reftectlng Ihe use of the resource. Olrect cosls attrlbutable lo a slngle activity are allocated dlreclty to thal acllvty. Shared cosls are apportioned between the actlvilles they contribute lo on a roasonablo. luslffiablo and conslslont ba818. Tanglblg 38wts Tanglble assets are InItllY recorded at cosl. and $ubsequenlty stated at cosl less any accumulated depredallon and Imp8irmenl108808. Any tanglble 88aels cjrrled at revalued amounts are recorded at thg falr value at the dale ol revaluallon leBs any subsequenl acojmulaled depredallon ofKI subsequent accumu181ed Imp8lrment losses. An Increase In the carr>rfng amount of an a¥Jol al a resutt of a reVaIuatk. 18 recognlsed In other recognlsed galn8 and 10$se8. unl988 tt rfjversos 8 charge for Impalrmenl that has prevlously b•on r•eognlsod a$ expendllure wllhin Ihe s18lements ol financlal actfvlues. A decreaso In Ihe canytng amount of an asso1 as a r8$utt of ravalualion. Is recognised In othef regnISed galns and losses. except to which it offset8 any previous revaluat gain. in whth ¢ase the loss is •htrKI v•thln other recognlsed gains and losses on the ¥tstement of finanal aclNlte•. Depre¢latlon Depreciation is calculated so as to write off the cost or valuatsn of an asset. le Ks reslduol value. over the useful eGonomlc Ilfe of thal asset as follm: Equlpment- 20% reducing balanca Impalmient of flxed a88Qt• A revlew for dICatOrS ol Impalmient is carried out at each reporting date. with Ihe ¢0¥erable amount being eslimated where such Indicator5 exist. Where the carrylng value exceeds the recoverabl8 amounl. the as$81 Is impaired accordingty. Prior impaiments are also reviewed for possible reversal at each reporting dale. FOT the pufposesof impaimient tesllng. when 51 is not possible to eslimale the cOverable amount of an individual assel, an estimale Is made of the reVerable amounl of the cash generating unit to which the asset Page 8
Immanuel Church Mlllisle Company Llmited by Guarantee Notes to the Fbnancial Statements (contlnued) Year Ended 31 August 2024 belongs. The ca5h-genèraling unit15 the smallest idenlifiable group of assels Ihal indudes thè asset and generates $h Inllows that largely Independenl ol Ihe cash Inltows from other assets or groups of assets. For impairment lesling of goodwill, the goodwlll acqulred In a buslness comblnation Is, from the acquisllion date. allocated to each of the cash-generating unlts that are expectsd to benefrt from the synergles of the comblnallon. iThespective of whether other asse15 or Ilabllitles ol the chatity are assigned to those unlts. Financlal Instruments A financlal asset or 8 flnanclal Ilablllty Is recognlsed only when the charity becomes a party to the contractual provlslons of Ihe Instrument. Basic finanoal In51ruments are initialty recogni5ed al the amount receNable or paYae Including any related transactlon co$t$. Current as$e15 and current liabilities are subsequenlty measured at the sh or other consideration expected to be paid or received and not discounted. Debl inslrumenls are subsequently measured at amortlsed cosl. Where investments In Share8 are publicly traded or th8ir fair value can otherwise be measu0 reliably. the investment Is Subsequently measured at fair value with thanges in falr value recognised In Income and expendilure. other such Investmenls are subsequently measured at Gost less Impalmienl. Other financlal Instruments. Including dedvatives, are In[tl]Y recogn15ed al lalr valuè. unless payment for an asset Is deferred beyond nonnal business terms or financed al a rate of interest that 15 not a mafket rate. In which case the asset 15 measured at the present value of the future paymenls discounted al a mafket rale of Interest lor a slmilar dent Instrument. Other financlal Instruments are subsequenlty measured at falr value, wlth any Changes recognised in the stalemenl of financial activites, wilh the excepllon of hedglng inslrumenls Is a designated hedglng relallonshlp. Flnancial assets Ihal are measured al c05t or amortlsed cost are revlewed for oblectlve ewdence of impairment at the end of each reportlng dale. 11 Ihere Is obleclfve evldence of impalrmenl, an Impairment loss Is recognlsed under the appropriate headlng In the slalemant of flnanclal activities In whlch the Inltlal galn was CoUn1Sed. For all equity Inslrumenls regardless ol slgnificance. and other fand81 assets that are indNldually signlficant. Ihesg are assessed indlvldualty for impalmient. Other financial assets are either assessed Indlvldually or grouped on tha basis of slmllar credit risk characterl6tlcs. Any reversals of irnpaimient are recognised immediate. to the extent that the reversal does not re5uII In a canying amount of lh8 financlal assel that &x¢eeds what the carying amount would have been had the impairrnenl not previously been recognlsed. For flnanclal inslnjmenls measufed al falr value. the basis for delefmining fair value must be dlsclosed. When a valuation technique is used. the assumptions applied In delermining fair value lor each class of finanaal assets or financlal Ilabllllles musl be dlsdosed. 4. Llmlted by guarnnte The company is limited by guarantee and has no share capllal. It is recognised as a charity by HM Revenue & Customs and is registered with the Charities Commlsslon. P89e 9
Immanuel Church Millisle Company Llmlted by Guarantee Notes to the Flnancial Statements (continued) Year Ended 31 August 2024 5. Donatlons and1og•¢l?s Vnrestrithd Funds Restricied Funds Total Fund8 2024 Total Funds 2023 Donatlons Freewill offefing Youth mlssions Bulldlng account Gift Ald reclalmed 125,057 125,057 151,488 1,000 1,500 25.940 152497 25,940 150.997 29,392 181,880 1.500 6. Investment Incomè Unreslrlcled Funds Restrtcted Funds Total Funds 2024 Total Funds 2023 Bank Inlare5t recelved 7. Expendlturn on charltable acllvltles Unrestricted Funds Restricted Funds Total Funds 2024 Totsl Fund3 2023 Staff costs Premises costs Support ¢o$ts 31.823 18.829 14,552 65.204 31.823 18,829 14.552 6S,204 50.276 4.228 14,538 69,042 8. Analy818 ol support CO8ts Unrestricted Funds Restricted Funds Total Fundj 2024 Total Funds 2023 Pastoral care and hospitality Gifts for mlnlsterlal a5SiStance Post. slallonery and office costs Govemance costs Olher expenses 1.896 4.250 1.099 1.978 5,329 14.552 1,896 4,250 1.099 1.978 5.329 14.552 3,850 3,400 824 5,019 1.445 14,538 9. Net Incom¢ Nel income is staled after charging: 2024 2023 Independent examinalEon fees 630 630 PAg8 10
Immanuel Church Millisle Company Llmlted by Guarantee Notes to the Flnanclal Statements (contlnued) Year Ended 31 August 2024 10. Staff costs 2024 2023 Gross salaries Employers National insurance costs Pension costs 30,747 49.742 1.076 31.823 534 50.276 The avèragè monthw number of employees durfng the year was as follows: 2024 2023 Charllable activllles No employee5 reGeived emoluments h excess of £60.000. 11. Trustees, remuneratlon and benetlls Mr Twer Rawson received gross salary of £30,747 as remuneration for his ministerial duties and the Church paid £1.076 in employers. pension contributions. No remuneration or olher benefits from employment wllh the Church were receIved by any other trustees, 12. Tanglble flxed a810ts Equlpmenl Total Cost At 1 September 2023 Addltlons Dlsposals At 31 August 2024 Dèpreclatlon At 1 September 2023 Charge for the year At 31 August 2024 Net Book Value At 31 August 2024 At 31 August 2023 13. Debtors 2024 2023 Other debtors 11.773 Pago 11
Immanuel Church Mlllisle Company Llmlted by Guarantee Notes to the Flnanclal Statements (contlnued Year Ended 31 August 2024 14. Crèditor¥: amounts falllng due withln one year 2024 2023 Other credilors Accruals and deleffed uicome 14,167 5,156 19,323 2,064 2,064 15. Analysls of charltable fund8 Current yoar Incomlng Al 01.09.23 resour(*s Resources expended Transfers belween lunds Al 31.08.24 Unrestrfcted funds Youth misslon Building fund 111.838 150.997 (65,204) 197.631 1,000 1.500 Total lunds 112,838 152.497 65,204 200.131 Prlor year Incoming resources Resources expended Transfers between funds At 01.09.22 Al 31.08.23 Unreslrlcted lunds Youth mission Building fund 180,880 1.000 69.042 111.838 1.000 Total funds 181.880 69.042 112,838 16. Related party dlsclosures There were no related party transactlons for the ded 31st August 2024. P•ge 12