IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.7.23 30.6.24 30.6.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6648332023-06-30NI6648332024-06-30NI6648332023-07-012024-06-30NI6648332022-06-30NI6648332022-07-012023-06-30NI6648332023-06-30NI664833ns0:CharitableCompanyLimitedByGuarantee2023-07-012024-06-30NI664833ns15:PoundSterling2023-07-012024-06-30NI664833ns11:FRS1022023-07-012024-06-30NI664833ns11:IndependentExaminationCharity2023-07-012024-06-30NI664833ns11:SmallCompaniesRegimeForAccounts2023-07-012024-06-30NI664833ns11:FullAccounts2023-07-012024-06-30NI664833ns11:CharitiesSORP2023-07-012024-06-30NI664833ns16:EnglandWales2023-07-012024-06-30NI664833ns11:RegisteredOffice2023-07-012024-06-30NI664833ns0:Trustee22023-07-012024-06-30NI664833ns0:Trustee32023-07-012024-06-30NI664833ns0:Trustee42023-07-012024-06-30NI664833ns0:Trustee12023-07-012024-06-30NI664833ns0:TotalUnrestrictedFunds2023-07-012024-06-30NI664833ns0:TotalRestrictedIncomeFunds2023-07-012024-06-30NI664833ns0:Activity82023-07-012024-06-30NI664833ns0:TotalUnrestrictedFundsns0:Activity82023-07-012024-06-30NI664833ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-07-012024-06-30NI664833ns0:Activity82022-07-012023-06-30NI664833ns0:TotalUnrestrictedFunds2023-06-30NI664833ns0:TotalRestrictedIncomeFunds2023-06-30NI664833ns0:TotalUnrestrictedFunds2024-06-30NI664833ns0:TotalRestrictedIncomeFunds2024-06-30NI664833ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-06-30NI664833ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-06-30NI664833ns10:WithinOneYear2024-06-30NI664833ns10:WithinOneYear2023-06-30NI664833ns10:PlantMachinery2023-07-012024-06-30NI664833ns10:FurnitureFittingsToolsEquipment2023-07-012024-06-30NI66483322023-07-012024-06-30NI66483312023-07-012024-06-30NI66483312022-07-012023-06-30NI664833ns10:OwnedAssets2023-07-012024-06-30NI664833ns10:OwnedAssets2022-07-012023-06-30NI664833ns0:TotalUnrestrictedFunds2022-07-012023-06-30NI664833ns0:TotalRestrictedIncomeFunds2022-07-012023-06-30NI664833ns0:TotalUnrestrictedFundsns0:Activity82022-07-012023-06-30NI664833ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-07-012023-06-30NI664833ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-06-30NI664833ns10:PlantMachinery2023-06-30NI664833ns10:FurnitureFittings2023-06-30NI664833ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-07-012024-06-30NI664833ns10:FurnitureFittings2023-07-012024-06-30NI664833ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-06-30NI664833ns10:PlantMachinery2024-06-30NI664833ns10:FurnitureFittings2024-06-30NI664833ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-06-30NI664833ns10:PlantMachinery2023-06-30NI664833ns10:FurnitureFittings2023-06-30
REGISTERED COMPANY NUMBER: NI664833 (Northern Ireland)















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

3:16 TRUST LIMITED

3:16 TRUST LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024










Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 13

3:16 TRUST LIMITED (REGISTERED NUMBER: NI664833)

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: 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 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
3:16 Trust Limited is a Christian organisation and the main 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 spirit, in particular though not exclusively as an adjunct to ongoing
medical treatment.
(c) offer hope, ongoing support and encouragement for anyone struggling with life controlling issues, such as
depression or addictions in the form 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 Fermanagh.

The activities of the Charity include:-
- providing 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 prayer and Christian counselling
- provide Christian education in the form of literature and teaching.

Significant activities
The charity also carries out its work by opening to the public to:
- offer emergency support in times of crisis, for example 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 coffee 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 needed.

Public benefit
The Trustees seek to ensure that the public benefit requirement is considered and 3:16 Trust Limited facilitates this having regard to the Charity Commission guidance on public benefit.

Financial Review
The results for the year ended 30 June 2024 are set out on pages 4 and 5 of the financial statements.

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 amounted 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 grant 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 resources to continue in operational existence for a period of at least 12 months from the date of this report. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of going concern can be found in the Accounting Policies.

3:16 TRUST LIMITED (REGISTERED NUMBER: NI664833)

REPORT OF THE TRUSTEES
for the Year Ended 30 JUNE 2024


OBJECTIVES 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 is 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 document, 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 2019 and 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 1 April 2020.

Prior to incorporation the charity was previously known as 3:16 The Pantry.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
NI664833 (Northern Ireland)

Registered Charity number
108792

Registered office
165 Main Street
Lisnaskea
Co. Fermanagh
BT92 0JE

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. Fermanagh
BT74 7BT

Approved by order of the board of trustees on 20 December 2024 and signed on its behalf by:






3:16 TRUST LIMITED (REGISTERED NUMBER: NI664833)

REPORT OF THE TRUSTEES
for the Year Ended 30 JUNE 2024


Mr J Johnston - Trustee

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 thirteen.

Respective responsibilities of charity trustees and 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 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:
- 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 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 trustees 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 applicable to charities preparing their accounts in accordance with the Financial Reporting 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 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.








STEPHANIE STENSON FCA

Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT

20 December 2024

3:16 TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 30 JUNE 2024

30.6.24 30.6.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 17,407 2,405 19,812 18,294

Other trading activities 2 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

3:16 TRUST LIMITED (REGISTERED NUMBER: NI664833)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 132,524 - 132,524 128,343

CURRENT ASSETS
Stocks 9 273 - 273 930
Cash at bank 71,437 - 71,437 68,612
71,710 - 71,710 69,542

CREDITORS
Amounts falling due within one year 10 (1,379 ) - (1,379 ) (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 11
Unrestricted funds 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 the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)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 its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


3:16 TRUST LIMITED (REGISTERED NUMBER: NI664833)

BALANCE SHEET - continued
30 JUNE 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


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

3:16 TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024


1. 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 1 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 settlement 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 category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Equipment - 20% on reducing balance
Fixtures and fittings - 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 tax on its 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 funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

3:16 TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024


2. OTHER TRADING ACTIVITIES
30.6.24 30.6.23
£    £   
Coffee shop income 17,918 10,478

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30.6.24 30.6.23
£    £   
Depreciation - owned assets 3,030 1,985

4. TRUSTEES' REMUNERATION AND BENEFITS

Trustee's remuneration of £10,400 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.


5. STAFF COSTS

The average monthly number of employees during the year was as follows:

30.6.24 30.6.23
Support Staff 1 -

No employees received emoluments in excess of £60,000.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund 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


3:16 TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024


6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£    £    £   

RECONCILIATION OF FUNDS
Total funds brought forward 180,823 - 180,823

TOTAL FUNDS CARRIED FORWARD 197,600 - 197,600

7. CHARITABLE DONATIONS

During the year the following donations were made to charities with similar charitable objectives:


2024 2023


Hilltop Ministry 500 -
Cancer Connect 300 -
Master Key Movement 2,000 -
Lisbellaw PW 200 -


-------

---------
3,000 -


=====

=====

8. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property Equipment fittings Totals
£    £    £    £   
COST
At 1 July 2023 120,402 5,964 4,725 131,091
Additions - 5,145 2,066 7,211
At 30 June 2024 120,402 11,109 6,791 138,302
DEPRECIATION
At 1 July 2023 - 1,677 1,071 2,748
Charge for year - 1,886 1,144 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 or valuation of land and buildings is freehold land of £120,402 (2023 - £120,402) which is not depreciated.

3:16 TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024


9. STOCKS
30.6.24 30.6.23
£    £   
Stocks 273 930

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Accrued expenses 1,379 285

11. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 197,600 5,255 202,855

TOTAL FUNDS 197,600 5,255 202,855

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 35,325 (30,070 ) 5,255

Restricted funds
FODC Grant 2,405 (2,405 ) -

TOTAL FUNDS 37,730 (32,475 ) 5,255


Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 180,823 16,777 197,600

TOTAL FUNDS 180,823 16,777 197,600

3:16 TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024


11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 28,772 (11,995 ) 16,777

TOTAL FUNDS 28,772 (11,995 ) 16,777

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.7.22 in funds 30.6.24
£    £    £   
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 net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended 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


3:16 TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024


12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.