The Trustees present their annual report and financial statements for the year ended 30 June 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the company's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
The company's objects are the advancement of the Christian Religion by the proclamation and furtherance of the Gospel of God concerning His Son Jesus the Lord and the preaching and teaching of the Word of God under the auspices of the Assembly in accordance with the statement of truths of Portrush Pentecostal Church. Such other charitable purposes as shall further the attainment of the above objectives of the Assembly or any of them. The furtherance of the work of Portrush Pentecostal Church, the promotion of the spiritual teaching and the maintenance of the statement of truths of Portrush Pentecostal Church.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the company should undertake.
In our previous report for the year ending March 2023, we reported that the affects of Covid 19 had caused us to consider how we delivered “Church”. Whilst maintaining a small core, in person attendance on Sundays and Tuesdays, we have developed and online presence which is being of use weekly by between 20 and 140 persons. This is now challenging us to deliver as well as we can and, upskill those responsible and ensure all ‘online’ requirements are being met. The pastor and congregation have maintained meaningful contact with members of the congregation via regular phone calls and live WhatsApp/messenger calls. Our weekly Bible study and worship has been broad cast via Facebook. This has created a wide range of interest from people not connected directly with the church and they are responding with prayer requests and conversation/befriending.
Accommodation
We continue to meet primarily at the church owned building in 13 Hamilton Place, Portrush. Work is always ongoing to maintain these facilities to a safe and useful standard as required.
Public benefits statement
It is important that as a church we maintain our responsibilities to Charity Law and our governance documents therefore we will review our public benefits statements and governing documents in the coming year.
This accounting period has begun to demonstrate the financial effects of the Covid 19 Pandemic. The church, in order to maintain its buildings has continued supply, heat etc., and maintained a meeting place for its members for the time when we will be meeting once more with the general public in accordance with the fulfilment of the organisations aims and purposes as defined in the public benefit statement.
In keeping with the organisations aims we have run events and meetings online to proclaim the Gospel, offer physical, emotional and spiritual support to the community in which we sit.
As we have been unable to meet we have been unable to maintain our charitable fundraising events to support other organisations achieve their objectives in a charitable manner. We have purchased necessary services to run the building safely and efficiently administer the day to day life and work of the church as well as insure and furbish the property appropriately.
We have purchased outreach materials for distribution and bought educational materials and equipment. In the course of the year we have bought essential food and health items for those who have expressed significant need.
We give thanks for the continued love of God, the love and fellowship between the members and friends and are committed to continued reaching out to the community to be a support and help and beneficial part of this community in Portrush and beyond.
Thank you to every member and friend for your continued love, practical and financial support.
Income
Total income this period was £10,830.
Expenditure
Total expenditure this period was £20,054. As we return to more face to face meetings, the running costs of the premises continue to rise. As ever we will continue to monitor expenditure.
Net movement in funds
Overall we have a deficit for the period of £9,224. We are meeting the running costs of the church and have a healthy cash at bank and in hand balance of £251,590 at the year end.
It is the policy of the company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the company’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The company is a company limited by guarantee.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
The Trustees' report was approved by the Board of Trustees.
I report on the financial statements of the company for the year ended 30 June 2025, which are set out on pages 6 to 12.
Having satisfied myself that the financial statements of the company are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, it is my responsibility to:
examine the financial statements under section 65 of the Charities Act (Northern Ireland) 2008;
follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act (Northern Ireland) 2008; and
state whether particular matters have come to my attention.
I have examined your charity financial statements as required under section 65 of the Charities Act (Northern Ireland) 2008 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 financial statements presented with those records. It also included consideration of any unusual items or disclosures in the financial statements, 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 that:
1. Accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
2. The financial statements do not accord with those accounting records; or
3. The financial statements 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102); or
4. There is further information needed for a proper understanding of the financial statements to be reached.
I have completed my examination and I 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.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Portrush Pentecostal Church Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 13 Hamilton Place Lane, PORTRUSH, Co Antrim, BT56 8DP.
The financial statements have been prepared in accordance with the company's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The company is a Public Benefit Entity as defined by FRS 102.
The company has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Cash donations are recognised on receipt. Other donations are recognised once the company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
In the application of the company’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
One trustee received remuneration from the company of £8,400 (2024 - £7,800) during the year.
The average monthly number of employees during the year was:
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
There were no disclosable related party transactions during the year.
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each ember to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.