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Registered number: NI039603
Charity number: NIC101796
JONTHREE TRUST LIMITED
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
CONTENTS
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Reference and administrative details of the company, its Trustees and advisers
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Independent examiner's report
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Statement of financial activities
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Notes to the financial statements
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2026
Company registered number
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Charity registered number
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Suite 2.06, Custom House,
Custom House Square
Belfast
BT1 3ET
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Danske Bank
P.O. Box 183
Donegal Square West
Belfast
BT1 6JS
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Page 1
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The Trustees present their annual report together with the financial statements of the company for the year from 1 April 2025 to 31 March 2026. The Trustees confirm that the Annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 is not required.
Objectives and activities
a. Policies and objectives
The object of the charity, as set out in the Memorandum of Association, is the advancement of the Christian
religion. The Christian religion shall be interpreted to mean those fundamental truths of Christianity as revealed in Holy Scripture.
b. Activities for achieving objectives
The charitable activities to achieve the charity's objective were:
- Christian mission;
- Bible and Christian literature; and
- Portuguese discipleship.
c. Main activities undertaken to further the charity's purposes for the public benefit
During the year the main activities undertaken to further the charity’s purposes for the public benefit included:
Providing leadership to various Christian organisations and movements for example Biblica, The International Bible Society, illumiNations Europe, Fitzroy Presbyterian Church Belfast, Restoration Ministries and South Belfast Foodbank;
Providing resource development to International Evangelical Church of the Algarve; and
Providing grant making to various Christian organisations.
Page 2
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
Achievements and performance
a. Review of activities
During the year Jonthree Trust were involved in the following projects:
• Making grants to The International Church of the Algarve for youth outreach and discipleship amongst English and Portuguese speakers in the Algarve Portugal;
• Ongoing work with Biblica (biblica.com) who are involved in Bible Translation, Bible Access and Bible Engagement. Michael Fitch is on the Biblica Global Board serving as Board Vice Chair from September 2024 to September 2026;
• We also participated in meetings and three national dinners for illumiNations Europe, a movement to eradicate Bible poverty by 2033;
• Working with Fitzroy Presbyterian Church in Belfast (fitzroy.org.uk), where our Trustees have a leadership role in mission, worship, pastoral care and spiritual development;
• Encouraging and supporting Premier Christian Communications enabling people to put their faith at the heart of daily life and bring Christ to our community in the UK;
• Encouraging and supporting the work of Prison Fellowship International, restoring prisoners lives, helping their families and integrating them back into their communities for good;
• Encouraging and supporting the work of Scripture Union Scotland;
• Encouraging and supporting the work of Christianity Explored;
• The Trustees continue to be involved in peace and reconciliation work in Ireland. Michael Fitch is currently Chairman of Restoration Ministries, based in Lisburn;
• Gillian Fitch, one of the Trustees continues to be involved in South Belfast Foodbank where she is a shift supervisor; and
• Matthew Fitch, one of the Trustees continues to be involved in Young Life, particularly their emerging University work in Ireland.
During the year grants were paid to various organisations to further advance the objects of the charity. Details of these grants can be found in the notes to the accounts.
During the year Jonthree Trust received a minority interest in the shares of Peterock Limited. The Trustees are very grateful for this gift of shares which are held as a long-term investment. The Trustees are hopeful of receiving regular donation income from the Peterock Limited group.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The Trustees assess the level of reserves on a continual basis to ensure that they are able to meet any commitments that could reasonably arise.
Page 3
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
Structure, governance and management
a. Constitution
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of
Association on 7th November 2000.
The company is registered as a charity with the Northern Ireland Charity Commission under the registration
number NIC101796 and accepted by HMRC as a charity under the reference XR42883.
The principal object of the company is the advancement of the Christian religion. The Christian religion shall be
interpreted to mean those fundamental truths of Christianity as revealed in Holy Scripture.
b. Methods of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the
terms of the Articles of Association.
The Trustees who served during the year are as listed in the reference and administrative details of the charity
on page 1.
c. Risk management
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees 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 of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
∙select suitable accounting policies and then apply them consistently;
∙observe the methods and principles of the Charities SORP (FRS 102);
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees 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.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Page 4
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2026
Independent examiner's report to the Trustees of Jonthree Trust Limited
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I report on the financial statements of the company for the year ended 31 March 2026 which are set out on pages 7 to 20.
Respective responsibilities of charity Trustees and examiner
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As the company's trustees (and also the directors of the company for the purpose 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 company 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 (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; and
∙state whether particular matters have come to my attention.
Basis of independent examiner's statement
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I have examined your company 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.
My examination included a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as company trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
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that accounting records were not kept in accordance with section 386 of the Companies Act 2006;
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that the accounts do not accord with those accounting records;
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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 (FRS 102);
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that there is further information needed for a proper understanding of the accounts to be reached.
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Page 5
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
Independent examiner's statement
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Since your company's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Chartered Accountants Ireland, which is one of the listed bodies.
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.
This report is made solely to the company's Trustees, as a body, in accordance with section 65(3)(a) of the Charities Act (Northern Ireland) 2008 and regulations made under section 66 of that Act. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
Signed: Scott McCullough FCA Dated: 28 July 2026
Scott McCullough FCA Chartered Accountants Ireland
UHY Hacker Young Fitch
Suite 2.06, Custom House
Custom House Square
Belfast
BT1 3ET
Page 6
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2026
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Total funds brought forward
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Total funds carried forward
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The Statement of financial activities includes all gains and losses recognised in the year.
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The notes on pages 10 to 20 form part of these financial statements.
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Page 7
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
REGISTERED NUMBER: NI039603
BALANCE SHEET
AS AT 31 MARCH 2026
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Net assets excluding pension asset
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The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Page 8
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
REGISTERED NUMBER: NI039603
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
The notes on pages 10 to 20 form part of these financial statements.
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Page 9
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Jonthree Trust Limited is a private company limited by guarantee, incorporated and registered in Northern Ireland under registration number NI039603.
The company's registered office is situated at Suite 2.06, Custom House, Custom House Square, Belfast, BT1 3ET.
The company is registered as a charity with the Northern Ireland Charity Commission under the registration number NIC101796 and accepted by HMRC as a charity under the reference XR42883.
The charity's principal activity is the advancement of the Christian religion.
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Jonthree Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 10
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
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. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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Liabilities and provisions
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Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
Page 11
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 12
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Income from donations and legacies
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Grants to Institutions
2026
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Grants, Portuguese Discipleship
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Grants, Christian Mission
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Page 13
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
5.Analysis of grants (continued)
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Grants to Institutions
2025
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Grants, Portuguese Discipleship
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Grants, Christian Mission
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Analysis of expenditure on charitable activities
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Page 14
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Analysis of expenditure by activities
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Grant funding of activities
2026
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Grant funding of activities
2025
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Independent examiner's remuneration
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Fees payable to the company's independent examiner for the independent examination of the company's annual accounts
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Fees payable to the company's independent examiner in respect of:
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All other services not included above
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Trustees' remuneration and expenses
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During the year, no Trustees received any remuneration or other benefits (2025 - £NIL).
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During the year ended 31 March 2026, travel expenses totalling £716 were reimbursed or paid directly to Trustee (2025 - £1,805 to 3 Trustees).
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Page 15
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 16
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Financial assets measured at fair value through income and expenditure
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Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand.
Page 17
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Statement of funds - current year
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Balance at 1 April 2025
£
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Balance at 31 March 2026
£
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General Funds - all funds
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Restricted Funds - all funds
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Statement of funds - prior year
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Balance at
1 April 2024
£
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Balance at
31 March 2025
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General Funds - all funds
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Restricted Funds - all funds
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Page 18
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Summary of funds - current year
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Balance at 1 April 2025
£
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Balance at 31 March 2026
£
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Summary of funds - prior year
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Balance at
1 April 2024
£
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Balance at
31 March 2025
£
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Analysis of net assets between funds
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Analysis of net assets between funds - current year
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Creditors due within one year
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Page 19
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JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
16.Analysis of net assets between funds (continued)
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Analysis of net assets between funds - prior year
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Creditors due within one year
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Related party transactions
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UHY Hacker Young Fitch Limited, a company in which M C Fitch has significant influence provided
accountancy and payroll services to Jonthree Trust Limited.
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The ultimate controlling party of the company is the Board of Trustees.
Page 20
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