2023-04-05-accounts - The Society For Irish Church Missions

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		Page
Trustees' report		1-4
Independent examiner's	report
Statement offinancial activities		6-7
Balance sheet		e-g
Statement ofcash fiows		10
Notes to the financial statements		11-29

Current financial	Current financial	year
					Unrestricted	Restricted	Total	Total
					funds	funds
				Notes	2023 6	2023	2023f	2022
t
Donations and	legacies				147,364	182,831	330,195	549,728
Charitable activities					17,093		17,093	1,247
Investments					9,174		9,174	9,326
Other income						41,085	41,085
Total income					173,631	223,916	397,547	560,301
~Edit
Raising funds				7	14,209		14,209	10,232
Charitable activities					179,342	241,031	420,373	574,151
Other								403,812
Total expenditure					193,551	241,031	434,582	988,195
Net gains/(losses)		on investments		14	(37,416)		(37,416)	36,382
Net outgoing	resources		before transfers		(57,336)	(17,115)	(74,451)	(391,512)
Gross transfers	between		funds	24	117,020	(117,020)
Net incoming/(outgoing)			resources		59,684	(134,135)	(74,451)	(391,512)
Other recognised		gains	and losses
Other gains or	losses			16	15,473	13,511	28,984	(26,602)
Net movement	in funds				75,157	(120,624)	(45,467)	(418,114)
Fund balances	at 6April 2022				1,922,862	608,750	2,531,612	2,949,726
Fund balances	at	5April 2023			1,998,019	488,126	2,486,145	2,531,612

Prior financial	yea	r
					Unrestricted	Restricted	Total
					funds	funds
					2022	2022	2022
				Notes	6	6	8
Income from:
Donations and	legacies				91,290	458,438	549,728
Charitable activities					1,247		1,247
Investments					5,992	3,334	9,326
Total income					98,529	461,772	560,301
~Edd
Raising funds					6,658	3,574	10,232
Charitable activities					151,184	422,967	574,151
Other						403,812	403,812
Total expenditure					157,842	830,353	988,195
Net gains/(losses)		on investments		14	15,198	21,184	36,382
Net outgoing	resources		before transfers		(44,115)	(347,397)	(391,512)
Gross transfers	between		funds		(31,467)	31,467
Net incoming/(outgoing)			resources		(75,582)	(315,930)	(391,512)
Other recognised		gains	and losses
Other gains or	losses			16	(23,878)	(2,724)	(26,602)
Net movement	in funds				(99,460)	(318,654)	(418,114)
Fund balances	at6April		2021		2,022,322	927,404	2,949,726
Fund balances at		5April 2022			1,922,862	608,750	2,531,612

				2023		2022
			Notes	6		6
Fixed assets
Tangible assets			17		1,012,893		1,032,948
Investments			18		603,066		714,287
Programme	related	investments	19		330,211		395,514
					1,946,170		2,142,749
Current assets
Debtors			20	10,268		10,291
Cash at bank and in		hand		547,691		507,930
				557,959		518,221
Creditors:	amounts	falling due within
one year			21	(17,984)		(83,122)
Net current	assets				539,975		435,099
Total assets less current liabilities					2,486,145		2,577,848
Provisions	for liabilities						(46,236)
Net assets					2,486,145		2,531,612
Income funds
Restricted	funds		24		488,128		608,750
Unrestricted	funds
General unrestricted		funds		1,335,937		1,260,780
Revaluation	reserve			662,082		662,082
					1,998,019		1,922,862
					2,486,145		2,531,612

				2023		2022
			Notes	6		6
Cash flows from operating		activities
Cash absorbed by operations			28		(43,218)		(858,000)
Investing	activities
Proceeds	from disposal oftangible fixed
assets						479,841
Purchase	ofinvestments			(142,776)		(169,239)
Proceeds	from disposal of	investments		216,581		579,618
Investment	income received			9,174		9,326
Net cash	generated from investing
activities					82,979		899,546
Net increase in cash and cash equivalents					39,761		41,546
Cash and	cash equivalents	at beginning	ofyear		507,930		466,384
Cash and	cash equivalents	at end ofyear			547,691		507,930

						Unrestricted	Restricted	Total	Total
						funds	funds
						2023 6	2023	2023 8	2022f
Donations	and gifts					111,065	174,081	285,146	546,165
Legacies	receivable					36,299		36,299	3,563
Grants from government			departments				8,750	8,750
						147,364	182,831	330,195	549,728
Donations	and gifts
Donations						100,031		100,031	57,7ee
Tax repayments						11,034		11,034	29,939
Donations	for Mission	Partners					48,040	48,040	74,692
Donations	to Iranian	Ministry					6,447	6,447	8,641
Donations	to City Church								63,100
Donations	to Christ Church			North	Dublin		12,640	12,640	19,850
Donations	to 28BWproject						12,544	12,544	271,120
Donations	to Immanuel		Church				72,145	72,145
Other							22,265	22,265	21,035
						111,065	174,081	285,146	546,165

		Unrestricted	Restricted	Total
		funds	funds
		2022	2022	2022
		8	6
Donations	and gifts	87,727	458,438	546,165
Legacies	receivable	3,563		3,563
		91,290	458,438	549,728

					Unrestricted	Restricted	Total
					funds	funds
					2022f	2022f	2022
							(Continued)
Donations	and gifts
Donations					57,788		57,788
Tax repayments					29,939		29,939
Donations	for Mission Partners					74,692	74,692
Donations	to Iranian	Ministry				8,641	8,641
Donations	to City Church					63,100	63,100
Donations	to Christ Church		North	Dublin		19,850	19,850
Donations	to 28BWproject					271,120	271,120
Other						21,035	21,035
					87,727	458,438	546,165

		2023	2022
		6	5
Charitable	rental income	17,093	326
Other income			921
		17,093	1,247

		Unrestricted	Unrestricted	Restdcted	Total
		funds	funds	funds
		2023 8	2022	2022 5	2022f
Income	from listed investments	8,482	5,960	3,326	9,286
Interest	receivable	692	32	8	40
		9,174	5,992		9,326

Restricted	Total
funds
2023	2022
8
41,085

			Unrestricted	Unrestricted	Restricted	Total
			funds	funds	funds
			2023	2022	2022	2022
			8	6	6	6
Fundraisin	and	ublic'
Seeking donations,		grants and legacies	6,680
Fundraising	and publidty		6,680
Investment	ana	amen	7,529	6,658	3,574	10,232
			14,209	6,658	3,574	10,232

			2023	2022
			6
Staffcosts			121,468	200,215
Depreciation and	impairment		20,054	7,598
General expenses	within the mission		2,297	854
Telephone			1,693	1,898
Printing, postage	and	stationery	3,353	4,956
Book purchases			21	855
Computer expenses			3,153	2,034
Travel and subsistence			1,335	1,523
City church Dublin	expenses			169,153
Christ Church North		Dublin expenses	20,235	7,188
Building costs towards 28 BWproject			120,961	36,041
Immanuel Church	expenses		10,466
Sundry expenses			957	1,000
			305,993	433,315
Grant funding ofactivities (see note 9)			44,887	48,377
Share ofsupport costs (see note 10)			56,771	58,024
Share ofgovernance		costs (see note 10)	12,722	34,435
			420,373	574,151
Analysis by fund
Unrestricted funds			179,342	151,184
Restricted funds			241,031	422,967
			420,373	574,151
Grants payable
			2023	2022
			6	6
Grants to individuals			44,887	48,377
			44,887	48,377

Support	costs
			Support	Governance	2023	Support	Governance	2022
			costs	costs		costs	costs
			6	8		6
Staff costs			31,336		31,336	33,382		33,382
Rent and	rates		8,110		8,110	5,033		5,033
Light and	heat		3,516		3,516	1,466		1,466
Repairs,	renewals	and
service contracts			753		753	3,477		3,477
Insurance			8,906		8,906	6,301		6,301
Cleaning						22		22
Administrative support			1,550		1,550	1,694		1,694
Bank charges						858		858
Computer	expenses		2,600		2,600	5,791		5,791
Legal and	professional			10,356	10,356		24,213	24,213
Accountancy				5,593	5,593		6,453	6,453
Independent examination				3,360	3,360		3,540	3,540
Trustees'	meeting
expenses				93	93		229	229
			56,771	19,402	76,173	58,024	34,435	92,459
Fundraising				6,680	6,680
Charitable	activities		56,771	12,722	69,493	58,024	34,435	92,459
			56,771	19,402	76,173	58,024	34,435	92,459

The average monthly number ofemployees during the yea	r was:
	2023	2022
	Number	Number
Management and administration
Mission workers
Total
Employment costs	2023	2022
Wages and salaries	128,038	199,528
Social security costs	17,327	20,970
Other pension costs	7,439	13,099
	152,804	233,597

			2023	2022
			Number	Number
F60,000	-	870,000

			Unrestricted Unrestricted	Unrestricted Unrestricted	Restricted	Total
			funds	funds	funds
			2023f	2022	2022 6	2022f
Revaluation	of	investments	(28,481)	6,653	1,099	7,752
Gain/(loss)	on	sale ofinvestments	(8,935)	8,545	20,085	28,630
			(37,416)	15,198	21,184	36,382

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2023	2023f	2023 6	2022 5	2022 8	2022 6
Foreign	exchange	gains	(15,473)	(13,511)	(28,984)	23,878	2,724	26,602

Tangible	fixed asset	s
			Freehold	Fixtures,	Total
			land and	fittings and
			buildings 6	equipment f
Cost
At 6April	2022		1,239,138	33,279	1,272,417
At 5 April	2023		1,239,138	33,279	1,272,417
Depreciation and impairment
At 6April	2022		206,482	32,987	239,469
Depreciation charged		in the year	20,011	44	20,055
At 5April	2023		226,493	33,031	259,524
Carrying	amount
At 5April	2023		1,012,645	248	1,012,893
At 5April	2022		1,032,656	292	1,032,948

		Listed
		investments
		(unrestdi cted)
Cost or valuation
At 6April	2022	714,287
Additions		142,776
Valuation	changes	(28,481)
Disposals		(225,515)
At 5April	2023	603,067
Carrying	amount
At 05April	2023	603,067
At 05April	2022	714,287

Programme	related investments
		Loan	to City
		Church	Dublin
At 6April 2022			395,514
Impairments			19,211
Repayments	received		(84,514)
At 5April 2023			330,211

The inmme funds ofthe charity	The inmme funds ofthe charity	The inmme funds ofthe charity	The inmme funds ofthe charity	indude mstricted	funds comprising Ihe following	funds comprising Ihe following	funds comprising Ihe following	unexpended	unexpended	unexpended	balances	ofdonations	and grants held on	and grants held on	and grants held on	trust for	specriic purposes;	specriic purposes;
						Movement	in funds						Movement			in funds
				aalancs ~I		R o	Tran fera		R	I	ti	es m	In omina	R	ourm		Transfers	Balance at
				SAp 'I 2a21		~xpenCed				garne snd		6Ap 12e22						5 April 2e22
											8
Building	Fund	- North		158,500	60,000		(12,800)					205,700	12,500				(22,008)	196,192
Bllllding	Fund	—Republic of
Ireland				52,378	211,120	(55,38D)					(1,642)	206,476	8,793	(115,980)				99,289
Camercn Jones				56,174	29,080	(46,623)		22,910			101	81,442	44,974		(45,D35)		21,883	83,264
oily Church				146,012	63,100	(213,805)					2,493
Chnst Churcil		Norlh	Dublin
(CCND)				8,576	19,850	(7,238)	(I0,754)				(810)	l!,626	12,640		(I	8,017)		4,249
House	at Crty Crty					401					(401)
Iranian	Ministry				19,078	(218)		(7,811)			(610)	10,439	8,121			817	(8,939)	10,438
loeron	Lynch			98,665	45,612	(33,520)		(8,381)			(1,600)	100,776	3,066			4,114	(107,956)
Patrons	Fund			7,685	10,598	(i,eei)		(1,856)			(255)	14291	661			511		15,463
etannus	Fund			397,432	3,334	(472,109)		50,159			21,184
Youth mrnistry													19,930			(41)		19,889
Immanuel Church													113,231		(55,Mg)			59,342
				927,404	481,772	(830,353)		31,467			te,4eo	eoe,yeo	223,916	(227,520)			(117,D20)	486,126

28	Cash generated from operations	Cash generated from operations					2023	2022
							8	6
	Deficit for the year						(74,451)	(391,512)
	Adjustments for:
	Investment income recognised	in statement			offinancial	activities	(9,174)	(9,326)
	Foreign exchange differences						28,984	(26,602)
	Loss/(gain) on disposal ofinvestments						8,935	(28,630)
	Fair value gains and losses on	investments					28,481	(7,752)
	Depreciation and impairment oftangible			fixed assets			20,054	7,598
	Movements in working capital:
	Decrease/(increase) in programme		related		assets		65,303	(417,490)
	Decrease/(increase) in debtors						24	(3,737)
	(Decrease)/increase in creditors						(65,138)	59,076
	Increase in provisions						(48,238)	(39,625)
	Cash absorbed by operations						(43,218)	(858,000)
29	Analysis ofchanges in net funds
	The Mission had no debt duding	the	year.