| Trustees' Annual Report |
Pages |
|---|---|
| Statement of Financial Activities | |
| Balance Sheet | |
| Statement of Cash flows |
|
| Notes to the Accounts | |
| Detailed Statement of Financial Activities | 6to8 9to 10 |
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| funds | Total funds | Total funds | ||||
| Notes | 2021 | 2021 | 2020 | |||
| Income and | endowments | |||||
| from: | ||||||
| Donations Other |
and | legacies | 60,257 | 60,257 | 75,034 | |
| 34,200 | 34,200 | |||||
| Total | ||||||
| 94,457 | 94,457 | 75,034 | ||||
| Expenditure | on: | |||||
| Charitable | activities | |||||
| Other | 16,441 | 16,441 | 4,760 | |||
| Total | 88,510 | 88,510 | 30,468 | |||
| Net gains on | investments | 104,951 | 104,951 | 35,228 | ||
| Net (expenditure)/income | ||||||
| Transfers between | funds | (10,494) | (10,494) | 39,806 | ||
| Net (expenditure)/income | ||||||
| before other gains/(losses) | (10,494) | (10,494) | 39,806 | |||
| Other gains and losses | ||||||
| Net movement | in | funds | ||||
| Reconciliation | offunds: | (10,494) | (10,494) | 39,806 | ||
| Total funds brought Total funds carried |
forward forward |
16,660 | 16,660 | 18,323 | ||
| 6,166 | 6,166 | 58,129 |
| Charities Act 2011 | g an Republic of Ireland (FRS102 . |
)and the |
|---|---|---|
| Change in basis of |
accounting orto previous accounts |
|
| There has been no change to the accounting policies (valuation rules and method of accounting) last year and no changes have been made to accounts for previous years. |
since | |
| Fund accounting | ||
| Unrestricted funds |
These are available for use at the discretion ofthe trustees in furtherance general objects ofthe charity. |
ofthe |
| Designated funds Revaluation funds Restricted funds |
These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms ofan appeal. |
|
| Income | ||
| Recognition of income |
Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. |
|
| Income with related expenditure |
Where income has related expenditure the income and related expenditure reported gross in the SoFA. |
is |
| Donations and legacies |
Voluntary income received by way ofgrants, donations and gifts is included in the the SoFA when receivable and only when the Charity has unconditional entitlement to the income. |
|
| Tax reclaims on donations and gifts |
Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates. |
|
| Donated services and facilities |
These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and |
|
| material. | ||
| Volunteer help Investment income |
The value of any volunteer help received is not included in the accounts. This is included in the accounts when receivable. |
|
| Gains/(losses) on revaluation offixed |
This includes any gain or loss resulting from revaluing investments to market at the end ofthe year. |
value |
| assets | ||
| Gains/(losses) on |
This includes any gain or loss on the sale of investments. |
|
| investment assets |
| LVARY OF FREEDOM tes to the Accounts |
EVANGELICAL MINISTRY | |
|---|---|---|
| Expenditure | ||
| Recognition of expenditure |
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part ofthe expenditure to which it relates. |
|
| Expenditure on raising funds Expenditure on charitable activities |
These comprise the costs associated with trading costs and investment management These comprise the costs incurred by the services in the furtherance of its objects, governance costs. |
attracting voluntary income, fundraising costs. Charity in the delivery of its activities and including the making ofgrants and |
| Grants paya b le | All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end ofthe year but not yet pa ICI. |
|
| Governance costs |
These include those costs associated with requirements ofthe Charity, including any costs linked to the strategic management other administration costs. |
meeting the constitutional and statutory audit/independent examination fees, ofthe Charity, together with a share of |
| Other expenditure | These are support costs not allocated to a | particular activity. |
| 2 Statem |
e | nt | o | f Financia | l Activities - prior year | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||||
| funds | Total funds | ||||||||
| 2020 | 2020 | ||||||||
| Income and | endowments | from: | |||||||
| Donations | and legacies | ||||||||
| Total | 75,034 | 75,034 | |||||||
| Expenditure | on: | 75,034 | 75,034 | ||||||
| Charitable | activities | ||||||||
| Other | 4,760 | 4,760 | |||||||
| Total | 30,468 | 30,468 | |||||||
| Net income | 35,228 | 35,228 | |||||||
| Net income before other | 39,806 | 39,806 | |||||||
| gains/(losses) | 39,806 | 39,806 | |||||||
| Other gains and | losses: | ||||||||
| Net movement | in funds | ||||||||
| Reconciliation | offunds: | 39,806 | 39,806 | ||||||
| Total funds brought | forward | ||||||||
| Total funds carried | forward | 18,323 | 18,323 | ||||||
| 58,129 | 58,129 | ||||||||
| 3 | Income from | donations | and legacies | ||||||
| Unrestricted | Total | Total | |||||||
| 2021 | 2020 | ||||||||
| Donations | are also inform | of | |||||||
| Thithes and | Offerings | 60,257 | 60,257 | 75,034 | |||||
| 4 | Other income | 60,257 | 60,257 | 75,034 | |||||
| Unrestricted | Total | Total | |||||||
| 2021 | 2020 | ||||||||
| 18,363 | 18,363 | ||||||||
| 15,837 | 15,837 | ||||||||
| 34,200 | 34,200 |
| Unrestricted | Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||
| Expenditure on charitable |
|||||||||
| acti vities | |||||||||
| WEALFARISM | |||||||||
| Governance costs |
16,441 | 16,441 | 4,760 | ||||||
| 6 | Other expenditure | 16,441 | 16,441 | 4,760 | |||||
| Unrestricted | Total | Total | |||||||
| 2021 | 2020 | ||||||||
| Other interest payable | 830 | 830 | |||||||
| Employee costs | |||||||||
| Motor and travel costs Premises costs |
34,323 21,541 |
34,323 21,541 |
14,012 10,642 |
||||||
| Amortisation, depreciation, |
20,941 | 20,941 | 800 | ||||||
| impairment, profit/loss disposal offixed assets |
on | 3,737 | 3,737 | ||||||
| General administrative Legal and professional |
costs costs |
4,918 2,215 |
4,918 2,215 |
3,859 1,150 |
|||||
| 7 | Net (expenditure)/income | before | transfers | 88,510 | 88,510 | 30,468 | |||
| This is stated after charging: | 2021 | 2020 | |||||||
| 8 | Depreciation of owned Staff costs |
fixed | assets | 3,737 | |||||
| Salaries and wages Social security costs |
2021 33,887 436 |
2020 13,188 |
|||||||
| 34,323 | 13,188 | ||||||||
| No employee received emoluments |
in excess off60,000. | ||||||||
| The average monthiy number |
offull | time equivalent | employees | during the year was as follows: | |||||
| 2021 | 2020 | ||||||||
| Number of Employees | Number | Number |
| Cost or revaluation | Cost or revaluation | |||
|---|---|---|---|---|
| At 1January | 2021 | |||
| At 31December 2021 | 25,527 | 16,708 | 42,235 | |
| Depreciation | and | 25,527 | 16,708 | 42,235 |
| impairment | ||||
| At 1January | 2021 | |||
| Depreciation | charge for the | 16,548 | 12,986 | 29,534 |
| year At 31December 2021 |
2,993 | 744 | 3,737 | |
| Net book values | 19,541 | 13,730 | 33,271 | |
| At 31December 2021 | ||||
| At 31December 2020 | 5,986 | 2,978 | 8,964 | |
| 10 Debtors | 8,979 | 3,722 | 12,701 | |
| 2021 | 2020 | |||
| Other debtors | ||||
| 13,483 | ||||
| 11 Creditors: | 13,483 | |||
| amounts falling |
due within one year | |||
| 2021 | 2020 | |||
| Trade creditors | ||||
| Other creditors | 181 | |||
| 1,875 | ||||
| 12 Creditors: | 2,056 | |||
| amounts falling |
due after more than one year | |||
| 2021 | 2020 | |||
| Other creditors | ||||
| 17,981 | ||||
| 13 Provisions | 17,981 | |||
| Other | ||||
| provisions | Total | |||
| At 1January 2021 | f | f | ||
| At 31December | 2021 | (4,567) | (4,567) | |
| (4,567) | (4,567) |
| Incoming | ||||||
|---|---|---|---|---|---|---|
| resources | ||||||
| (including | Resources | At 31 | ||||
| other | expended | December | ||||
| At 1January | gains/losses | 2021 | ||||
| 2021 | ) | |||||
| Restricted funds: | f | |||||
| Unrestricted | funds: | |||||
| General funds | 16,660 | 94,457 | (104,951) | 6,166 | ||
| Total funds 15 Analysis ofnet assets between |
funds | 16,660 | 94,457 | (104,951) | 6,166 | |
| Unrestricted | Restricted | |||||
| funds | funds | Total | ||||
| Fixed assets | ||||||
| Net current assets Creditors due in more than one |
year and | 8,964 10,616 |
8,964 10,616 |
|||
| provisions | 4,567 | (17,981) | (13,414) | |||
| 24,147 | (17,981) | 6,166 | ||||
| 16 Reconciliation | ofnet debt | |||||
| At 31 | ||||||
| At 1January | December | |||||
| 2021 | Cash flows | 2021 | ||||
| Cash and cash equivalents | 30,611 | f (19,995) |
10,616 | |||
| 30,611 | (19,995) | 10,616 | ||||
| Net debt | 30,611 | (19,995) | 10,616 |
| 2021 | 2020 | ||
|---|---|---|---|
| f | f | ||
| Cash flows from operating activities |
|||
| Net (expenditure)/income per Statement |
of Financial Activities | (10,494) | 39,806 |
| Adjustments for: |
|||
| Movement in provisions Depreciation ofproperty, plant and equipment Dividends, interest and rents from investments Decrease/(Increase) in trade and other receivables Increase in trade and other payables |
(4,567) 3,737 (34,200) 13,483 15,925 |
(13,483) 1,875 |
|
| Net cash (used in)/provided by operating |
activities | (16,116) | 28,198 |
| Cash flows from investing activities |
|||
| Dividends, interest and rents from investments |
34,200 | ||
| Net cash from investing activities |
34,200 | ||
| Net cash from financing activities |
|||
| Net increase in cash and cash equivalents |
18,084 | 28,198 | |
| Cash and cash equivalents at the beginning |
ofthe year | 30,611 | 2,413 |
| Cash and cash equivalents at the end ofthe |
year | 48,695 | 30,611 |
| Components ofcash and cash equivalents |
|||
| Cash and bank balances | 10,616 | 30,611 | |
| 10,616 | 30,611 |
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds | Total funds | Total funds | |||
| 2021 | 2021 | 2020 | |||
| f | f | ||||
| Income and endowments | from: | ||||
| Donations and legacies |
|||||
| Donations are also | inform | of | |||
| Thithes and Offerings | 60,257 | 60,257 | 75,034 | ||
| Other | 60,257 | 60,257 | 75,034 | ||
| 18,363 | 18,363 | ||||
| 15,837 | 15,837 | ||||
| Total income and endowments Expenditure on: |
34,200 94,457 |
34,200 94,457 |
75,034 | ||
| Charitable activities |
|||||
| WEALFARISM | |||||
| 16,441 | 16,441 | 4,760 | |||
| Total ofexpenditure | on charitable | 16,441 | 16,441 | 4,760 | |
| activities | 16,441 | 16,441 | 4,760 | ||
| Other expenditure | |||||
| Other interest payable | 830 5 |
830 5 |
|||
| Employee costs | 835 | 835 | |||
| Salaries/wages Employer's NIC Staff welfare |
33,887 436 |
33,887 436 |
13,188 | ||
| 824 | |||||
| Motor and travel costs | 34,323 | 34,323 | 14,012 | ||
| Vehicles —Repairs and |
|||||
| maintenance | 221 | 221 | 433 | ||
| Travel and subsistence | 21,320 | 21,320 | 10,209 | ||
| Premises costs | 21,541 | 21,541 | 10,642 | ||
| Rent | |||||
| Light, heat and power | 19,760 1,181 |
19,760 1,181 |
800 | ||
| General administrative | costs, | 20,941 | 20,941 | 800 | |
| including depreciation |
and | ||||
| amortisation | |||||
| Depreciation of Information and publications Stationery and printing |
3,737 348 40 |
3,737 348 40 |
338 39 |
| Detailed Statement of | Financial Activities | |||
|---|---|---|---|---|
| Subscriptions | ||||
| Sundry expenses | 16 | |||
| Telephone, fax and broadband |
4,530 | 4,530 | 540 2,926 |
|
| Legal and professional | costs | 8,655 | 8,655 | 3,859 |
| Accountancy and bookkeeping |
2,215 | 2,215 | 1,150 | |
| Total ofexpenditure ofother costs Total expenditure Net gains on investments |
2,215 88,510 104,951 |
2,215 88,510 104,951 |
1,150 30,468 35,228 |
|
| Net (expenditure)/income | (10,494) | (10,494) | 39,806 | |
| Net (expenditure)/income | before | |||
| other gains/(losses) | (10,494) | (10,494) | 39,806 | |
| Other Gains | ||||
| Net movement in funds |
(10,494) | (10,494) | 39,806 | |
| Reconciliation offunds: |
||||
| Total funds brought forward |
16,660 | 16,660 | 18,323 | |
| Total funds carried forward | 6,166 | 6,166 | 58,129 |