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2022-04-05-accounts

Page
Trustees'
report
1-4
Independent
examiner's
report
Statement offinancial activities 6-7
Balance sheet 6-9
Statement ofcash flows to
Notes to the financial statements 11-25

Current financial Current financial year
Unrestricted Restricted Total Total
funds funds
2022 2022 2022 2021
Notes f 6
Income from:
Donations
and
legacies 91,290 458,438 549,728 538,902
Charitable
activities
1,247 1,247 1,428
Investments 5,992 3,334 9,326 5,740
Other income 899
Total income 98,529 461,772 560,301 546,969
E~dlt
Raising funds 7 6,658 3,574 10,232 9,655
Charitable
activities
151,184 422,967 574,151 513,412
Other 13 403,812 403,812
Total expenditure 157,842 830,353 988,195 523,067
Net gains/(losses) on investments 14 15,198 21,184 36,382 121,480
Net (outgoing)/incoming resources before transfers (44,115) (347,397) (391,512) 145,382
Gross transfers between funds 23 (31,467) 31,467
Net (outgoing)/incoming resources (75,582) (315,930) (391,512) 145,382
Other recognised gains and losses
Other gains or losses 15 (23,878) (2,724) (26,602) (899)
Net movement in funds (99,460) (318,654) (418,114) 144,483
Fund balances at 6April 2021 2,022,322 927,404 2,949,726 2,805,243
Fund balances at 5April 2022 1,922,862 608,750 2,531,612 2,949,726

Prior financial yea r
Unrestricted Restricted Total
funds funds
2021 2021 2021
Notes 6 6 6
Income from:
Donations
and
legacies 142,212 396,690 538,902
Charitable
activities
1,428 1,428
Investments 3,225 2,515 5,740
Other income 899 899
Total income 147,764 399,205 546,969
~ddlt
Raising funds 5,415 4,240 9,655
Charitable
activities
8 171,761 341,651 513,412
Total expenditure 177,176 345,891 523,067
Net gains/(losses) on investments 14 68,009 53,471 121,480
Net (outgoing)/incoming resources before transfers 38,597 106,785 145,382
Gross transfers between funds 23 74,378 (74,378)
Net (outgoing)/incoming resources 112,975 32,407 145,382
Other recognised gains and losses
Other gains or losses 15 711 (1,610) (899)
Net movement in funds 113,686 30,797 144,483
Fund balances at 6April 2020 1,908,636 896,607 2,805,243
Fund balances at 5April 2021 2,022,322 927,404 2,949,726

2022 2021
Notes 6 f
Fixed assets
Tangible assets 16 1,032,948 1,507,921
Investments 17 714,287 1,078,775
Programme related investments 18 395,514
2,142,749 2,586,696
Current assets
Debtors 19 10,291 6,553
Cash at bank and in hand 507,930 466,384
518,221 472,937
Creditors: amounts falling due within
one year 20 (83,122) (24,046)
Net current assets 435,099 448,891
Total assets less current liabilities 2,577,848 3,035,587
Provisions for liabilities (46,236) (85,861)
Net assets 2,53t,612 2,949,726
Income funds
Restricted
U~tid
funds
d I
23 608,750 927,404
General unrestricted funds 1,260,780 1,360,240
Revaluation reserve 662,082 662,082
1,922,862 2,022,322
2,531,612 2,949,726

2022 2021
Notes 8
Cash flows from operating activities
Cash (absorbed
by)/generated
from
26
operations (858,000) 19,895
Investing activities
Proceeds on disposal oftangible
fixed assets
479,841
Purchase of investments (169,239) (1,112,203)
Proceeds on disposal of investments 579,618 1,116,158
Investment income received 9,326 5,740
Net cash generated
from investing
activities 899,546 9,695
Net cash used in financing activities
Net increase
in cash and cash equivalents
41,546 29,590
Cash and cash equivalents at beginning ofyear 466,384 436,794
Cash and cash equivalents at end of year 507,930 466,384

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022f 2022f 2022f 2021f 2021
f
2021f
Donations and giffs 87,727 458,438 546,165 130,212 396,690 526,902
Legacies receivable 3,563 3,563
Donated goods and
services 12,000 12,000
91,290 458,438 549,728 142,212 396,690 538,902
Charitable activities
2022f 2021f
Charitable rental income 326 378
Other income 921 1,050
1,247 1,428

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022f 2022f 2022
E
2021f 2021
f
2021
f
Income from listed
investments 5,960 3,326 9,286 3,198 2,508 5,706
Interest receivable 32 8 40 27 7 34
5,992 3,334 9,326 3,225 2,515 5,740

Total Unrestricted
funds
2022f 2021
E
Other income 899
Raising funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022
E
2022
E
2022
E
2021f 2021f 2021
f
Investment management 6,658 3,574 10,232 5,415 4,240 9,655

2022 2021
8 6
Staff costs 200,215 217,743
Depreciation
and impairment
7,598 26,303
General expenses within the mission 854 81
Telephone 1,898 2,003
Printing,
postage and stationery
4,956 1,168
Book purchases 855 440
Computer expenses 2,034 1,491
Travel and subsistence 1,523
City church
Dublin
expenses 169,153 48,519
Christ Church
North
Dublin expenses 7,188 1,784
Building costs towards 28 BWproject 36,041
Sundry expenses 1,000 23
433,315 299,555
Grant funding
of activities (see note 9)
48,377 100,656
Share ofsupport costs (see note 10) 58,024 82,748
Share ofgovernance costs (see note 10) 34,435 30,453
574,151 513,412
Analysis
by fund
Unrestricted
funds
151,184 171,761
Restricted funds 422,967 341,651
574,151 513,412
9 Grants payable
2022 2021
8
Grants to individuals 48,377 100,656
48,377 100,656

Support costs
Support Governance Total Support costs Governance Total
costs costs 2022 costs 2021
f f f f f F
Staff costs 33,382 33,382 32,098 32,098
Rent and rates 5,033 5,033 11,628 11,628
Light and heat 1,466 1,466 2,388 2,388
Repairs, renewals and
service contracts 3,477 3,477 24,944 24,944
Insurance 6,301 6,301 4,947 4,947
Cleaning 22 22 429 429
Administrative
support
1,694 1,694 2,139 2,139
Bank charges 858 858 1,514 1,514
Computer expenses 5,791 5,791 2,661 2,661
Legal and professional 24,213 24,213 12,538 12,538
Accountancy 6,453 6,453 10,613 10,613
Independent
examination
3,540 3,540 7,302 7,302
Trustees'
meeting
expenses 229 229
58,024 34,435 92,459 82,748 30,453 113,201
~AI
dl
Charitable
activities
58,024 34,435 92,459 82,748 30,453 113,201

The average monthly
number ofemployees
during
the yea
r was:
2022 2021
Number Number
Management and administration
Mission workers
Total

Employment
costs
2022 2021f
Wages and salaries 199,528 218,237
Social security costs 20,970 21,224
Other pension costs 13,099 10,380
233,597 249,841
2022 2021
Number Number
2022
Number
2021
Number
F60,000 -f70,000
13 Other
Restricted Total
fundsf f
2022 2021
Legal fees for HIA Inquiry 7,452
Settlements paid under HIA Inquiry 396,360

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022f 2022f 2022f 2021f 2021f 2021f
Revaluation of
investments 6,653 1,099 7,752 10,487 5,898 16,385
Gain/(loss) on sale of
investments 8,545 20,085 28,630 57,522 47,573 105,095
15,198 21,184 36,382 68,009 53,471 121,480

15 Other gains orlosses Other gains orlosses Other gains orlosses Other gains orlosses
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
5 E E E
Foreign exchange gains 23,878 2,724 26,602 (711) 1,610 899
16 Tangible fixed assets
Freehold Computer Fixtures, Total
land and equipment fittings end
buildings
f
f equipment
6
Cost
At 6April 2021 1,706,515 25,391 7,888 1,739,794
Disposals (467,377) (467,377)
At 5 April 2022 1,239,138 25,391 7,888 1,272,417
Depreciation
and
impairment
At 6April 2021 198,935 25,391 7,545 231,871
Depreciation
charged
in the year 20,011 51 20,062
Eliminated in respect of disposals (12,464) (12,464)
At 5April 2022 206,482 25,391 7,596 239,469
Carrying amount
At 5 April 2022 1,032,656 292 1,032,948
At 5 April 2021 1,507,579 342 1,507,921

Listed Listed Total
investments investments
(restdicted)
f
(unrestricted)
Cost or valuation
At 6April 2021 474,650 604,125 1,078,775
Additions 48,459 120,780 169,239
Valuation changes 10,145 6,653 16,798
Disposals (437,669) (112,855) (550,524)
Reclassification (95,585) 95,585
At 5 April 2022 714,288 714,288
Carrying amount
At 05April 2022 714,288 714,288
At 05 April 2021 474,650 604,125 1,078,775

Programme
related investments
Loan to City
Church Dublinf
At 6April 2021
Loan issued 417,490
Impairments (21,976)
At 5April 2022 395,514

19 Debtors
2022 2021
Amounts
falling due
within one year: E E
Trade debtors 3,893 2
Prepayments and accrued income 6,398 6,551
10,291 6,553
20 Creditors: amounts falling due within one year
2022f 2021
E
Other taxation and social security 12,568 11,416
Other creditors 62,754
Accruals and deferred income 7,800 12,630
83,122 24,046
21 Provisions for liabilities
2022 2021
E
46,236 85,861
At 6April 2021 85,861
Reversal of provision (39,625)
At 5April 2022 46,236

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24 Analysis of net assets between
funds
Analysis of net assets between
funds
Unrestricted Restricted Total Unrestricted Restricted Total
tunds tunds tends tunds
2022f 2022f 2022
6
2021 2021
E
2021
f
Fund balances are represented by:
Tangible assets
1,032,948
1,032,948 1,478,359 29,562 1,507,921
Investments 714,287 714,287 604,125 474,650 1,078,775
Programme
related
assets 395,514 395,514
Current assets/(liabilities) (173,651) 608,750 435,099 25,699 423,192 448,891
Provisions (46,236) (46,236) (85,861) (85,861)
1,922,862 608,750 2,531,612 2,022,322 927,404 2,949,726
25 Related party transactions
There were no disclosable
related party transactions
during the year (2021 - none),
26 Cash generated
from operations
2022 2021
5
(Deficit)/surplus
for the year
(391,512) 145,382
Adjustments
for:
Investment
income recognised
in statement offinancial activities (9,326) (5,740)
Foreign exchange differences (26,602) (899)
Gain on disposal ofinvestments (28,630) (105,095)
Fair value gains and losses on investments (7,752) (16,385)
Depreciation
and impairment
oftangible
fixed assets 7,598 26,303
Movements
in working
capital:
Increase
in programme
related
assets (417,490)
(Increase)
in debtors
(3,737) (1,768)
Increase/(decrease)
in creditors
59,076 (553)
Increase
in provisions
(39,625) (21,350)
Cash (absorbed
by)/generated
from operations (858,000) 'I9,895
27 Analysis ofchanges
in net funds
The Mission had no debt during the year.