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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|
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|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|
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|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|
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|||||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|
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|||||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|
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|||||||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|
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|||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|
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||||||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|
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|||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|
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|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|
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||||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|
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|10|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|
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|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|||
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||||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|
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||||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|
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|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|
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|||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|
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|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|
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|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|
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|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.||||||