Registored Charity Numbor: 269640 (UK
ST PATRICK'S MISSIONARY SOCIETY UK
TRUSTEE'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

ST PATRICK'S MISSIONARY SOCIETY UK
CONTENTS
Page
Reference and admlnlstrativw detsils
Trustee's report
Stat9mpnt of Trustee's ro$F)onsibiliti8s
Indep&ndent auditors. report
10-14
statement of financial actlvlties
15
Balancè sh••t
16
Statem8nt of cash Ilows
17
Notes to the financial statements
18-34

ST PATRICK'S MISSIONARY SOCIETY UK
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustee
St Palrsck's Missionary SocEty Trustee Limited
Charlty reglstered
number
269640 (UK)
Principal office
242 Brooklands Rd
Weybridge
Surrey
United Kingdom
KT13
Independent auditors
RBK Business Advisers
Chartered A¢counlants & stsI￿Ory Audit Firm
Termini
3 Arkle Road
Sandyford
Dublin 18
Ireland
Bankers
Barclays Bank PLC
29-30 Htgh Street
Windsor
Berkshire
United Kingdom
Solicitors
Millet & Matthews Solicitors
Main Street
Baltinglass
Co. Wicklow
Page 1

ST PATRICK'S MISSIONARY SOCIETY UK
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustee ol St Patrick's Missionary s￿Iety UK has the pleasure in presenting this Report and Financial
Statements for the year ended 31st December 2023.
The Trustee's Report is prepared in a¢cordance with Charities SORP and the audrted financial statements for
the year endecl 31st December 2023, which are prepared In accordance with the Statement of Recommended
Praetice applicable to Charrties Preparing their accounts in accordance wrth the Financial Reporting Standard
applKable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191 and FRS 102.
During 2023 the spiritual and promotion activity of Sl Patrick's Missionary Society, based at 20 Beavchamp
Road, East Molesey, Surrey, and covering both England and wa￿$, continued lo focus on promoting spiritual
and financial support for the Society and the missionary work of the Lord throughout these countries. The
ever- generous response of the people of both countries can be seen in the financial returns.
STRCTURE, GOVERNANCE AND MANAGEMENT
a. History
The Distncl HouselPromotion Office of Sl Patrick's Missionary Society is k)caled at 20 Be8u¢h¥mp Road, Ea51
Molesey, Surrey. The District Leader is Fr Joseph Mccullough, assisted by Fr Chris McGuinne55. The Director of
Promotion is Fr. Stephen lfjmani. Fr. Timothy Redmond 15 a resident at 242 Brooklands, he is the
communications offi¢er for SPMS, and the safeguarding lead for SPMS UK. The Society does not have any
premises in Wales.
b. Members
Throughout 2022123 there were a total of seven members of St Patrick's Missionary Society resident in England.
There are no members resident in Wales. Five members are resident outside the Sociells London house, of
whom four are involved in parishlchaplaincy ministry in their respective locations. There are three members
resident al 242 Brooklands - one of whom is directing the promotion programme of the Society and onè holds
Society posrtion.
The main focus of thè work of the Society In England & Wales is the promotion ol the Society and ils missionary
work. This work involves parish visitation al weekends to those parishes allocated lo the Society by the Catholic
Missionary Union, under the auspices of the Catholic Bishops Conference of England & Wales. During these
weekend visits lo parishes, our priests invite people lo support the missionary work of the Society, both spirilually
and financialty. During the week, the Director of Promotion administers the Promotion Office and is assisted in
this by an Offi¢e Manager and two full time Office Assistants.
Page 2

ST PATRICK'S MISSIONARY SOCIETY UK
TRUSTEE'S REPORT ICONTINVEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
STRCTURE. GOVERNANCE AND PdlANAGEMENT Icontinuedl
¢. Governance
In accord8nce with the constitution of the Charity the four members of the Central Leadership Team residing in
Kenya are Trustees together with the Bursar General of Sl. Patrick's Missionary Society who resides in Ireland
and is. by virtue ol his office, Secretary lo the Board. The local Leader residing in the UK is also appointed as a
Trustee_
As all the Trustees. on assuming office, are members of the Society they already have knowledge of the work of
the Charty and its sliuclure. There is a policy of indUCt￿n and on-going training of Trustees. On being appointed.
after the General Chapter every six years, the new Trustees are required lo spend a week with the Trustees who
art leaving office, for a comprehensive briefing and hand-over. They also re¢oive a briefing from the S¢xiety's
accountant and legal and investment advisers in order to becL¥ne aware of their responsibilitie5 and the Charity's
financial position.
The Trustees have a good knowledge of the principles of good governance and they understand their
responsibilrties and duties as Iruslèes of the Charity. They are fully committed as a 80ord to complying wth all
the legal and st8tulory regulations governing the Charity Seclor.
A6 all Trustees are members of Sl. Patrick's Missionary Society their liwng costs are bome by the Charty. They
receive no remuneration or expenses lor their services as Trustees. The names of the Trustees who served
during the year are set out as part of the legal and adminislralive information on page l of this annual report and
accounts.
Page 3

ST PATRICK'S MISSIONARY SOCIETY UK
TRUSTEE'S REPORT (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
STRCTURE. GOVERNANCE AND MANAGEMENT Icontinuedl
d. Risk managèm•nl
In line with the requirement for the Trustee lo undertake a risk assessment exercise snd report on the same in
their annual report, the Trustee has looked al the risks the Charity currently facès and have reviewed the
measures alreaty in place or needin9 to be pul on place. The Trustee has identified six areas where risks may
occur..
Govemance and management
Operational
Financial
Reputstional
Laws, regulations, external and environment
Governance and managernenl looks at the risk of the Charity suffering from a lack of direction, at the skills and
training of rts members and staff, and the good use of its resources. The appointment of a Governance Sub-
committee t¢ advise the Board and lo set in place the necessary structures, policies and prot￿01$ is 8 key
strategy in mi119aling this risk.
Operational looks at the risks Inherent in thè Char￿$ actiwties, including the Mission Awareness Programme
carried out in parishès throughout England and Wales. 11 looks al the risk trf members engaging in inappropriate
activities, the unsuttabilily of buildings, poor maintenance, shortcomings in the Services provided, dfficulties with
staff, poor health and safety provisions and the provision of a disaster recovery policy. The appointment of key
appropriately trained personnel, e.g. a Child Safeguaiding Officer and a Data Prole¢lion Coordinator, helps to
miligale these risks.
Financial risks inelude those arising as a result of poor budgetary control, inappropriate spending. poc>r
accounting, Inappropriate inve51menl policies, foreign currency exchange, elc. The appointments of a qualified
Charter8d Accountant and appropriately qualified support staff help to mitigate these risks.
Reputational looks al possible damage to the Charills reputation and the risk 15 lessened by a dedi¢ated
communulions department.
Laws, regulations, external and environment look al the effects of government policies and the consequence of
non<ompliance wilh laws and regulations. The Trustee and rnanageTS are encouraged and resourced lo avail of
in-5ervice training lo update their skills and knowl8dg@ of the ever increasing regulations and legislation in the
Charity SecloT.
Having assessed the major risks lo which the Charity is exposed. the Trustee believes that by monrtoring reseNe
levels, by ensuring controls exist over key financial systems, and by examining the operational and business
risks faced by the Charty, it has established effective systems lo miligale those risks. The Trustee has
maintained a policy of continuous monitoring of the risks that th8 Charf(y faces.
Page 4

ST PATRICK'S MISSIONARY SOCIETY UK
TRUSTEE'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
STRCTURE. GOVERNANCE AND MANAGEMENT Icontlnuedl
. ProtKtlon of Chlldrgn and vulnerable adults
Along with all other organisations who serve in the communtty, the Trustee reco9nises the absolute necessity of
ensuring the protection and safely of all those the Chanty serves. They are commilled lo protecting and
promoting children's rights. 11 is the responsibility of every mernber, volunleer and employee of the Charity lo
uphold the law and adhere lo Gospel values by respecting the dignity and rights of all children, young people and
vulnerable adults, and lo work together lo ensure their safety and wellbeing.
Sl Patrick's Missionary Society is committed to working in partnership wf(h Ihe Civil Authoritiès to ensure all
aspects of the safeguarding of children are managed properly, professionally and justly. We adhe￿ lo the
slalulory policy and are committed to following besl practice as SF*crfied in the National Safeguarding Policies
for the Catholic Church in Englarid anLI Wale5 and lo followin9 our own Child Protection Policy and Procedures
as sel out in the documents "Policy and Procedures for Safeguarding Children in Sl Palri¢k's Missionary S￿IetY-
and "2D18 Revised Safeguarding Policy for the Distri¢l of Ireland" Iwww.spms.orgl. All members of the Society,
Dur employee$, volunteers and those working in association wlh the Society are required lo comply with these
policies.
f. Organi5ational structure and rnanagoment reporting
The Trustee is ultimately responsible for the policies, aclivil*s and assets of the Charity. The board meets on a
règular basis lo review developments with regard to the Charity and its aclivilies, lo plan for the future and lo
make any important decisions that need lo be made. When necessary the Trusteè seeks advice and support
from th8 Charitls professional advisers including Investment Managers, Solicrtors and Accounlanls.
The Bursar General and the Society Accountant meet with the Trustee to discuss and ￿VIeW the quarterly
management and financial reports. the annual budget and whenever necessary to provide as31s1ance lo the
Trustee in carryin9 Out their responsibilities.
The annual budget PToce5s involves detailed projections for planned expenditure and the calculation of expected
Income. This is carefully analysed and On￿ approved by the Trustee must be strictly adhered to. The Bursar's
office monitors this closely. The Trustee receives a statement of income and cash ftow on a monthly ba51S.
The day-l04ay management of the Charity's financial aclwities and the implementation of budgetary and other
financial policies are delegated to the Bursar General, who is a member of St. Patrick's Missionary Society. The
Bursar General admintslers the financial affairs of Sl Patrick's Missionary SoGiely under the diieclion of the
Trustee and is assisted in his work by Ihe Society Accountant and other senior staff.
Page 5

ST PATRICK'S MISSIONARY SOCIETY UK
TRUSTEE'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECTIVES & ACTIVITIES {INCORPORATING ACHIEVEMENTS AND PERFORMANCE}
. Objective5 & activities
Th8 objecllsl for which the Association is established is the advancement of r81igion. In furtheranc& of thi5 the
primary objectives are..
lal To engage in missionary activities in Africa or in any other eountry or any other continent in which the Society
may be asked lo assist by the Holy See
Ibl To bring the teaching of Christ to the peoples of any of the countries of Africa or any other country in wh￿h
the Society may be asked to assist by the Holy See
Ic) To Care for the spiritual welfare of its members and those Christians in Afri¢a or in any of the countries
referred lo in the preceding paragraph
Idl To educate, train and maintain students preparing for the priesthood in any Society or Congregation engaged
in promoting the foregoing objects, or any of the foregoing objects, and lo educate: train and maintain persons
preparing for admission as lay brothers in any such Society or Congregation
le) To maintsin and support the priests and lay brothers of any such Society
lfj To educate, train. maintain and support poslulanls, novices and professed sisters of or in any religious
Society or Congregation engaged in promoting the objects or any of the objects sel out in sub-dauses (a), Ibl
and Ic} of this Clause, and lo contribute to the funds of any such S(xiety oi Congregat￿￿
(gl To educate, train and maintain and support, and remunerate and provide pensions or retiring allowances for
teachers, catechists and any per$on$ who assist or who inteThJ lo assist in any of the foregoing objects.
The Society promotion programme, which h8s been functioning for many years, is 8nd remains the main
purpose for the Scciety's presence in England and Wales. This programme has helped enomously over the
years lo build up a very loyal and generous family of supporters throughout England & Wales, almost all of whom
Contribute ragularty and generously.
The following are the main aspects of the Promotion Progranwne
Parish Weekend Appeals - whereby people are invited lo missionary awareness and support. Usually we are
albcated dioceses per year. Not all parishes respond lo our request to come and make our MissK)n Appeal
but we generally visit all who invite u$- usually about 80190 parishes per year.
Bulk Mail Appeals - of which there are four throughout the year- gefterale considerable income for the Society
and the missionary work ol the Lord, especialty the Lenten Appeal. These activities were carried out successfully
in 2022.
Africa magazine - the Society magazine, is distributed nine times a year to OLJr benefactors. Approximately
eleven thousand three hundred copies are sent out as a mean5 of cornmunication and ¢ont&l with our
benefactors. While not income generating, Africa magazine helps greatly to make the Socievs name and
mission known and supported.
Other income streams - Goordinaled from the Promotion Office, bring in considerable income. These include
donations for our Occasion Cards, Mission Circle income, Perpetual Enrolmenl, Bequests and general
donations. These activrties were particularfy successful during 2022 and may be largèty due to the pandemic
when supporters were mDre confirred to home and had more time lo attend lo their mail.
Social medla using our website and Facebook page - is fast becoming more and more important as a means of
Page 6

ST PATRICK'S MISSIONARY SOCIETY UK
TRUSTEE'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJEcnvES & ACTIVITIES (INCORPORATING ACHIEVEMENTS AND PERFORMANCE) Icontlnuedl
publicising the name and mission of the Society. This is an area of growth in the Charitles activities and
perfomiance.
The Society gratefully acknowledges the wonderful generosity of the people of England & Wales over many
years and the ¢onlribution, both spiritually and financialty. which they have made, and continue lo make, to the
missionary work that the Charity supports.
Work is ongoing in streamlining the activities of the Promotion Office through sharing the resources and
expertise of our very committed and professional staff in our promotion offi¢es in Kittegan 8nd Scotland.
The weekend Parish Appeals are a vital element of gathering and adding names lo our database. This is as
important, il not more important, than the actual direct income received from the Mission Appeals. Not being able
to gather such names in 2021 undoubtedly will have a long term negative effect on our alieady de¢lining
database.
Our database has reduced lo nineteen thousand member5, due to a clean up before the new database was
installed. Tidying up our database and removing any inaclDie members remains an ongoing task.
We are very conscious of increasing expenditure eosls and continuing efforts are made lo reduce them where
possible.
One of our largest expenditUTe stream5 15 postage. We continue lo make every effort to reduce this as much as
possible and especially by inviting people to allow us to acknowledge their generosrty by email and text
acknowledgment rather than by letter.
FINANCIAL REVIEW
a. Financial information
Total Income for the year amounted lo £1,635,822 12022.. £1.794,9551 which are the total reserves of the
Society.
Total charitable expendiluro, in¢luding Inlra-fund transfers, for the year amounted lo £1.910.521 12022..
£1,693,110).
This resulted in a net deficit of £274,699 leamng an accumulated fund balance of £1.033.727 al 31 December
2023.
FUTURE DEVELOPMENTS
The Society does not expect lo make any significant Changes lo ils activities in England & Wales in the near
futu￿.
EVENTS AFTER THE BALANCE SHEET DATE
There have been no significant ev8nts affecting the Charity since the financial year*nd.
Page 7

ST PATRICK'S MISSIONARY SOCIETY UK
TRUSTEE'S REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Signed on behalf of tha Tru51ee by..
Trustee
rustee
Dale.. 4 September 2024
Page 8

ST PATRICK'S MISSIONARY SOCIETY UK
STATEMENT OF TRUSTEE'S RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustee 1$ responsible for preparing the Tru51ee'5 Report and the financial statements in accordance ￿th
appI￿able law and United lfjngdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Th8 law applicable lo charities in England & Wales requires the Trustee to prepare financial statements for each
financial year which give a true and fair view of the 5ts1e of affairs of the Charity and of f(s incoming resources
and appli¢alion of re$our¢es, including its income and expendrture, for that period.
In Preparing these financial slalemenls. the Trustee 18 required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of thè Charities SORP IFRS 1021.,
make judgements and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material
departures disc105ed and explained in the financial slalemenls.,
prepare the financial slalemenls on the going conc8rn basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustge is r8sponsibl& for keeping adequate accounting records that are sufficient lo show and explain the
Charity's transactions and disclose with reasonable accuracy al any lime the financial posit￿n of the Charity and
enable them to ensure that the financial slalements compty with the Charities Act 2011, the Charity IAccounls
and Reportsl Regulations 2008 and the PTovisions of the Trust deed. They are also responsible for safeguarding
the assets of the Charity and hence for laklng reastmable steps for the prevention and detection of fraud and
other irregijlarilies.
Approved by..
-trustee
rustee
Date.. 4 September 2024
Pa9e 9

ST PATRICK'S MISSIONARY SOCIETY UK
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ST PATRICK'S MISSIONARY SOCIETY UK
Opinion
We have audited the financial slalemenls of Sl Patrick's Missionary Society UK Ilhè 'Charty) for the year ended
31 December 2023 which comprise the Statement of financial activities, the Balance sheet. the Slalemenl of
cash flows and the related noles, including a summary of signrficanl accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and Unrted Kingdom Accounting
Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and R8public of Ireland, {United Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial slalemenls..
give a true and fair view of the slate of the Charil¢s affairs as al 31 December 2023 and of ils incoming
resources 8nd application of resources, including ils income and expendf(ure for the year then ended.,
have been properly prepared in accordance wrth United Kingdom Generally Accepted Accounting
Practice", and
have beèn prapar8d in accordan￿ with the requirements ofthe Charf(ies Act 2011.
Basis for opinion
We conduded our audit in accordance wrth International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilit￿$ under those standards are further described in the Auditors, responsibilrties for the audrt
of the finan¢ial statements section of our report. We are independent ol the charily in accordance with the ethical
requirements th81 are relev8nl lo our audit of the financial statements in the United Kingdom, including the
Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
2ccordance with these requirements. We beI￿ve that the audit evidence we have obtained is 5uffKient and
appropriate lo provide a basis for our opinion.
Concluslons relating to going concem
In auditing the financial slatemenls, we have conduded that the Trustee's use of the going concem basis of
accounting in the prepaiation of the financial slalemenl$ 1$ appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or cDllectThiely, may cast significant doubl on the chanty's abilty to continue as a going
con¢efn for a period of at least ￿e1ve months from when the financial statements are aulhorised for issue.
Oui respon5ibililies and the responsibilities of the Trustee wlh respect lo going concern are des¢ribed in the
relevant sections ol thi5 report.
Page 10

ST PATRICK'S MISSIONARY SOCIETY UK
INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF ST PATRICK'S MISSIONARY SOCIETY UK
ICONTINUEDI
other information
The other information comprises the infomation included in the Annual report other than the financjal slalements
and our Audf(ors' report thereon. The Trustee is responsible for the other information contained within the Annual
report. Our opinion on the financial statements does not cover the other infomalion and, except lo the extent
otherwise explicitly slated irb our report, we do not express any fomi of assurance conclusion Ihereon.
Our responsibility is to read the other Information and. in doing so, consider whether the other information is
materially inconsistent wlh the financial statements or our knowledge ob18ined in the Course of the audit, or
otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material
misslatemenls, we are required lo delemine whether this gNes rise lo a material misslatemenl in the financial
slalemenls themselves. If, based on the work we have perfomed, we conclude that there is a material
misstatement ol this other information, we are required lo report that faet.
We havè nothing to report in this regard.
Matters on whlch we are required to report by ex¢gPtion
We have nothing lo report in respect of the follcv4ing matters where the Charities Act 2011 requires us lo report
lo you if, in our opinion..
the information given in the Trustee's report is inconsistent in any material respect with the financial
slatemenls., or
sufficient accounting records have not been kept." or
the financial statements are not in agreement wrth the accounting records and returns,. or
we have not reC￿Ved all the Information and explanations we require lor our audit.
Responsibilities of trustees
As explained more fully in the Trustee'5 responsibilities stslement. the Trustee is responsible for the preparation
of the hnan¢ial statements which give a true and fair view, and for such internal control as the Trustee
delemines is necessary to enable the preparation ol financial slalemenls that ar@ Iree fiom material
misstalemenl. whether due to fraud or error.
In preparing the financial slalemenls, the Trustee is responsible for assessing the Charity's ability to ¢onlinue as
a going concem, disclosing, as applicable, matters ￿lated to going concern and using the going concem basis of
accounting Ljnless the Trustee either Intènds to liquttjale the charity or to cease operations, or have no realistic
allernalive bul lo do so.
Page11

ST PATRICK'S MISSIONARY SOCIETY UK
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ST PATRICKS MISSIONARY SOCIETY UK
ICONTINUEDI
Auditors. responsibilities for thg audit of the financlal statemonts
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance wrth
the Act and relevant regulaliohs made or having effect thereundei.
Our objectives are to obtain reasonable assurance aboth whether the financial statements as a whole are free
from material misslalemenl, whether due lo fiaud 01 erioT, and lo issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assuran¢e, bul is not a guarantee that an audit conducted in
accordance with ISAS IUKI will a￿ayS detect a material misstatement when ¢t exists. Misslalemenls can arise
from fraud or èrror and are considered material if, individualy or in the aggregate. they could reasonably be
expected lo influence the economic decisions Of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non•compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, lo delecl material misslalèmenls in respect of irregularities,
including fraud. The extent lo which our procedures are ¢apable of detecting irregularities, including fraud is
detailed below..
We identify and assess the risks of material misstalemenl of the finan¢ial slalemenls, whether due to fraud or
error, and then design and perform audrt procedures responsive lo those risks, including obtsining audit
evidence Ihal is sufficient and appropriate lo provide the basis for our opinion.
In Identi￿n9 and assessing risks of material miss181emenl in respect to irregularities, including fraud and
nonwmplk?nce with laws and regulations, we considered the following..
the nature of the industry and sector, control environment and business performance,"
the Gharily's own assessment of the risks that irregularities may occur either as a result of fraud or error,
results of our enquires of management and other key persons about their own identification and assessment
of the risks of itregularilies,.
any mallers we identified having obtained and reviewed the Charty's documentation of their policies
and procedures relating to..
idenlifw"ng, evaluating and complying with laws and regulations and whether they were aware of arby
instances of non-compliance.. and
delecling and responding lo the risks of fraud and whether they have knowledge ol any actual,
suspected or alleged fraud,. and
the internal conlrols established lo mitigate risks of fraud or non-compliance with laws and
regulations..
the matters discussed among the audit engagement team regarding how and where fraud might occur in the
financial statements and any potential indicators of fraud.
As a result of thes6 procedures, we considered the opportunities and incentives that may exist wlhin the
organis81ion for fraLJd and identified the greatest polential for fraud in the areas in which management is required
lo exercise significant judgement. In common with all audits under ISAS {UKI we are also required lo perform
specific procedures lo respond lo the risk of management override.
We also obtained an understanding of the legal and regulatory framework that the Charity operates in. focusing
on provisions of those laws and regulations that had a direct effect on the deleminalion of material amounts and
dI￿lOsureS in the financial statement$.
In addition, we considered piovisions of other laws and regulations that do not have 8 dire¢l effect on the
financial slalemenls bLrt compliance with which may be fundamentsl lo the Charity's ability lo operate or lo avoid
a material penaty. These included the competition and anti-bribery laws, data protection, employment,
environmental and health and safely regulations.
Page 12

ST PATRICK'S MISSIONARY SOCIETY UK
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ST PATRICK'S MISSIONARY SOCIETY UK
(CONTINUED)
Audit Response lo Rlsks Identified
As a result of performing the above we identified sever81 potential risks of fraud. Our procedures to respond lo
risks idenlifEd included the following..
revpwing the financial slalemenl dis¢losures and testing to supporting documentation to assess compliance
with provisions of relevant laws and regulat￿n$ described as having a direct effect on the fi'n8n¢ial
slalements.,
enquiring of management and external legal counsel concerning actual and potential litigation and claims-
performing analytical and subslanlive procedures to idenlrfy any unusual or unexpected relationships that
may indicate risks of material mis51atemenl due lo fraud.,
reading minutes of meeting5 of those Charged with govemance.,
addressing Ihe risk of fraud through management override of controls, testing th8 appropriateness of journal
entries and other adjustmenÉs, assessing whether the judgements made in making accounting estimates are
indicative of potential bias. and evaluating the business falionale of any significant transactions that are
unusual or outside the normal course ol business.,
W& also communicated relevant identified laws and reoulalions and potential fraud risks to 811 engagement team
members who remained alert to any indicators of fraud 01 non-compliance with laws and regulations throughout
the audit.
As part of an audrt in accordance with ISAS IUKI, we exercise professional judgement and maintain professional
scgplicism throughoul the audit. W& also..
Id¥nlfy and assess the risks of material misstatement of the financial stalemenls, whether due lo fraud or
error, design and perforw audit procedures responsive lo those risks, and obtain audit evidence that is
sufficient ar)d appiopriale lo provide a basis for our opinion. The risk of not detecting a material
misslatemenl resulting from fraud is higher than for one resulting from error, as fraud may involve ¢ollusion,
forgery, intentional omissions. misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant lo the audrt in order lo design audit procedures that are
appropriate in the circumstances, bul not for the purpose of expressing an opinion of the effectiveness of the
Charitys inlemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of %Gounting eslimales
and related disclosures made by the Trustees.
Conclude on the appropriateness of the Trustees. use of the going concern basis Df accounting and, based
on the audtt evidence obtained, whether a material uncèrtainty exists relatèd to events or Conditions that may
ast signrficanl doubl on the Charty's ability lo continue as a going concern. If we Conclude that a material
uncertainly exists, we are required to draw attention in our Auditors, Report lo the ielaled disclosures In the
financial slalemenls or. if such disclosures are inadequate, to modify our opinion. Our conclusions are based
on the audit evidence obtained up lo the date of our Auditors, R@port. However, future events or conditions
may cause the Charty lo ¢ease lo continL* as a going concern.
Evaluate the overall presentation, structure and Gontenl of the financial stalemenls, induding the
disclosures, and whelher the financial statements represent the underlying Iran5aclions and events in a
manner that achieves fair pr8senlalion.
We communicate wrth those charged with govemance regardiny, among other mallers, the planned scope and
liming of thé aLJdit and significant audit findings, including any 5ignilicanl defi¢ien¢ies in internal conlToI that we
identify duTing our audit.
Page13

ST PATRICK'S MISSIONARY SOCIETY UK
INDEPENOENT AUDITORS. REPORT TO THE MEMBERS OF ST PATRICK'S MISSIONARY SOCIETY UK
(CONTINUED}
Thè purpose of thè audit work and to whom we owe our responsibilities
This report Is made solely to the Charitys Trustee, in accordance Imth Part 4 of the Charities (Accoun15 8nd
Reports) Regulations 2008. Our audrt work has been undertaken so that we might stste to the Charrtls Trustee
those mattefs we are required lo stale lo therN in an Audrtors, report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and its
Trustee, for our audit work, for this report, or for the opin￿n5 we have formed.
kJL
Ronan Kllbane
for and on b8half of
RBK Business Advisers
Chartered Accounlanls & Statutory Audit Fimi
Temiini
3 Arkle Road
Sandyford
Dublin 18
Ireland
4 September 2024
Page 14

ST PATRICK'S MISSIONARY SOCIETY UK
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
funds
2023
RestTiGted
funds
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Donations and legacies
Charitable activities
Othèr income
1,536,914
70,835
3,000
105,942
25.073
1,642,856
95,908
3,000
1, 701.675
85,380
7.900
Total in￿rne
1,610,749
131.016
1.741.764
1, 794,955
Expenditure on-
Charitable ￿lY￿[leS
1,885.448
131.015
2,016,463
7.693, 170
Tolal expenditure
1,885,448
131.015
2,016,463
1,693, 110
Net movoment In fund$
{274.6991
1274.6991
tOl,845
Reconciliation of fvnds-
Total funds brought frirward
Net movement in funds
17
1,308,426
1274,6991
1.308,426
1274.699)
1,206.587
101.845
Totsl funds carried forward
17
1.033,727
1.033,727
1,308,426
The Statement of financial acliwties includes 811 gains and losses re¢ogni$ed in the year.
Page 15

ST PATRICICS MISSIONARY SOCIETY UK
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Note
Fixed assets
Tangible assets
12
732,128
766,2LIg
732,128
766,200
Curr•nt assets
Stocks
Debtors
Cash al bank and in hand
13
14
9.003
11,974
324,454
8,546
6,631
577,933
21
345,431
593, 110
Creditors.. amounts falling ijue within one
year
15
143.832
(50,884J
Net current assets
301.599
542, 226
Total net assets
1,033.727
1,308,426
Charity funds
Reslricled funds
Unrestricted funds
17
17
1.033.727
1,308,426
Total funds
1,033,727
1,308,426
The financial slalemenls were approv8d and authorised for issue by the Trustee and signed on their behalf by".
Trustee
rustee
Dale.. 4 September 2024
Page 16

ST PATRICK'S MISSIONARY SOCIETY UK
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Cash flows trom opeTating activitie5
Nel cash (used inllprovidecl by operating aclivilie5
1256,479
130,964
Cash flows from investing a¢tivitle$
Proceeils from the sale of tangible fixed assets
Purchase of tangible fixed assets
3.000
7,900
(55,675)
Net cash provided byl(used inl investing activlties
3,000
147.7751
Cash flow5 from finan¢lng activiti•$
Net cash provided by financing activities
Change In cash and cash equivalents in th¢ yoar
Cash and cash equivalents at the beginning of the year
1253,4791
577,933
83.189
494. 744
Cash and ¢a$h equivalents at the end of the yèar
324,454
577,933
Page 17

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
General infomiation
Sl Patrick's Missionary Society UK is a Charity regislera in the United Kingdom. The registered oflice of
the Charity is 20 Beauchamp Road, East Molesey. United Kingdom, which is also the principal place of
business of the Charity. The nature of the Chaiity's operations and rts principal aclivitses are sel out in the
Trustee's Report.
These financial stslemenls comprising the Stat8m8nl of financial activities, the Balance sheet. the
Statement of cash flows and the related notes constitute the individual financial slalements of Sl Patrick's
Missionary Society L+K for th8 financial year ended 31 December 2023.
Currency
The financial statements have been pre8ented in (£1 Sterling which is also the functional currency of the
Charity.
Accounting policies
2.1 Basis of proparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 1021
Accounting and Reporting by Charities. Slalemenl of Recommended Practice applicable lo Gharilies
preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (efiective 1 JanLJary 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
st Patrick's Missionary Society UK meets the definition of a public benefrt entity under FRS 102.
Assets and liabilities are initially recognised al hisloii¢al ¢osl or transaction value unless otherwise
slated in the relevant accounting policy.
The significant accounting policies adopled by the Charity and applied consistently are as follows..
2.2 Going ¢onGern
The financial statements have been prepared on the going concern basis which assumes that Ihe
Organisalion will continue in operalK)nal existence for the foreseeable future.
The organisalion has unrestricted reseNes of E1,033,727 al the balance sheet dale.
Projections and budgets indicate that these unrestricted reserves and available liquid cash resources
are more than adequate lo cover ryerating costs and anticipated liabilitie5 in the short lo medium
terni.
On this triasis and based on the above factors, the Trustee is satisfied and confident that the entity
has the ability lo ctsnlinue as a going concern for a penod of at least 12 months from the date of
approval of these financial statements and that the Going Con￿rn basis of preparation of the
financial slalemenls is appropriate.
The financial statements do not contain any adjustments that rnay be necessary should the going
concern basis of preparation not be deemed ¥propriale.
Page 18

ST PATRICK'S MISSIONARY SOCIEfY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Ac¢ounllDg policiès leontinuedl
2.3 Income
Don3tions and legacies
Donations are recognised whe the chartty has enlillemenl lo the Income. the amount can be reliably
measured, and il is probable that the income will be received. In the event that a donation is subje¢l
lo conditions that require a level of perfomiance before the Charity is enlilled lo the funds, the Incomè
is deferred and not recognised until either those conditions are fully mel. or the fulfilment of those
conditions is wholly within the control of the Charity and il is probable that those condiliDns will be
fulfilled in the reporting period. Cash donations collected are recognised as Income when Ihe Charty
gains control, and the amount can be reliably measured.
Legacie5 aTe included in the slalemenl of financial activities when the Charity has been notrfied by
the execulorfs that the payment will be made, property transferred, and the amount can be reliably
measured.
Income from charitable 8clivilies
Income f¥om charitable activilies is recognised to the exlent that il is probable that the economic
benefrts wll flow lo the Charity and the revenue can be reliably measured. It Is measured at fair value
of the consideration received 01 receivable, including any relevant value addèd tax.
Other income is recognised in the period in which il is receivable and lo the extent the goDJs havé
been provided or on completion of the service.
2A Expendlturg
Expenditure is recognised once there is a legal or conslrudive obligation lo transfer economic benefit
lo a third party, Il is probable that a transfer ol economic benefits will b& raquired in settlement and
the amount of the obligation can be measured reliably. Expenditure is ¢lassified by aclivily. The costs
of each activity are made up of the lolal of direct costs and shared costs, including support Costs
involved in undertaking ea¢h aclivily. Direct costs allribulable to a single acliwty are allocated directly
lo that activity. Shared costs which contribute to more than one activty and support eosls which are
not attributable lo a single a¢livtty are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Charity lo raise fund5 for ils
charitable purposes and includes Costs of all fundraising a¢livities events and non-charilable trading.
Expenditure on charitable activities is incurred on directly undertsking the aclNilies which lurther the
Charity's objectives, as well as any asswialed support costs.
All expenditure is inclusive of irrecoverable VAT.
Support ¢o$tS are those that assist the work of the Char(ty bul do not directly represent charitable
a¢livilies. They are incurred directly in support of expenditure on the objects of the Charity.
Governance costs comprise the costs directly attributable lo the organisalional procedure5 and the
necessary le9al procedures for compliance with statutory requirements.
Page 19

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles Icontinuedl
2.5 Foreign currencigs
Monetary asset$ and liabilities denominated in foreign currencies are Iianslaled into sterling at rates
of exchange ruling at the reporting dale.
Tiansaclions in foreign currencies are translated into slerting at the rate wling on the date of the
Iransaclion.
Exchange gains and losses are recognised in tho Statement of financial a¢livities.
2.6 Tanglblg fixod assets and deprecialSon
Tangible fixed assets are initially iecognised al cosl. After recognition. under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed a55el into rts intended working condrtion should be
included in the measurement of cost.
Dep￿claI10n is charged so as lo allcKale the wsl of tangible fixed assets less their residual value
over their estimated useful lives.
Depreciation is provided on the following basi5.'
Land and freehold property
Motor vehicles
Fixtures and fittings
Furniture and equipm8nl
2V/o Straight line
300/• Slraighl line
150/0 Reducing balance
100/ SITaighl line
Gain5 and losses gn disposals are deterniined by comparing the proceeds with the carrying amount
and are recognised in the Statement of financial activil*s.
2.7 Stock$
Stocks are valued al the lower of cost and nel r8alisable value after making due allowance lor
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.8 Debtors
Tradè 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.
2.9 Ca$h at bank and in hand
Cash al bank and in hand includes cash and short-tetm highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the dep051t or Similar account.
2.10 Credltors
Trade and other creditors are classified as ¢urrent liabilities if payment is due within one year or less.
If not, they are presented as non-currenl liabilrtie5. Trade payables ale recognised initially al the
transaction price and subsequently measured al amortised cost using the effective intere$1 method.
Page 20

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
2.11 Contingencies
Contingent liabilities, arising a5 a result of past events: are not recognised when li} il is not probable
that there will be an ouffiow of resources or that the amDunl cannot be reliably measured al the
reporting dale or lill when the existence will be ctsnfirrned by the occurrence or non-oc¢urren¢e of
uneertain future events not wholly within the charity's control. Conlingenl liabilities are disdosed in the
financial slalemenls unless the probability of an outhow of resources is remote.
Conlingenl assets are not recognised. ConlirrfJenl assets are disclosed in the linancial slalemenls
when an inflow of economic benefrts is probable.
2.12 Provlslons
Provisions are recognised when the Charity has a present legal or constructive obligation 8$ a result
of past events,. it is probable that an outflow ol resources will be required lo settle the obligali)n", and
the amount of the obligation can be eslimaled reliably.
Where there are a number of similar obligations, the likelihood that an outflow will be required in
settlemenl is determined by considering the class of obligations as a whol@. A provision is reeognised
even if the likelihood of an outflow with respect to any one item included in the same class of
oblpalions may be small.
Provisions are measured al the present value of the expenditu￿ts expected lo be required lo settle
the obligation using a pr&lax rale that reflects current market assessments of the lime value of
money and the risks specific to the obligation. The increase in the provision due to passage of time is
re¢ognised as a finance cost within expenditure on Charitable actiwlies.
Page 21

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢counting policies {continuedl
2.13 Flnahciol instruments
Th8 Charity has elected lo apply the provisions of Section 11 'Basic Financial InslTumenls' and
Se¢tion 12 '01her Financial Instruments Issues, of FRS 102 to all of its financial inslrumenls.
Financial Insturments are recognised in the Charity's balance sheet when the Charity becomes paty
lo the Contractual p¥oMsk)ns of the inslumenl.
Financial assets and liabilities are offset, wrth the nel amounts presented in the financial statements,
when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo
settl8 on a net basis or lo realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets. which include debtors and cash and bank balances, are intially measured al
transaction price including transaction costs and are subsequently carried al amortised ¢osl using the
effective interest method unless the arrangement conslrtules a financing transaction, where the
transaction is measured al the present value of the lulure receipts discounted at a market rale of
interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilrties
Basic financial liabilities, including Creditors and bank loans are inlially recognised at transaction pric&
unless the arrangement conslilues a financing transaction, where the debt instrument is measured at
the present value of the future payments discounted al a market rale of interest. Financial liabilities
classified as payable within one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rale method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary
course of operations from Suppliers. Amounts payable are classtfied as current liabilities if payment is
due wlhin one year or less. If not, they are presented as non-current liabilities. Tfade creditors are
recognised initially al transaction price and subsequently measured al amortised cost using the
effective inlerels method.
2.14 Taxation
The Charity is a registered Charity and, therefore, is not liable lo income lax or corporation tax on
income derived from their charitable aclrvilies. as rt falls within the various exeniptions availab￿ lo
registered charities.
Page 22

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2023
Accounting policies l¢ontlnued}
2.15 Fund aecounting
General funds are unre51ricled funds which are available for use al the discretion of the Trustee in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been s8t aside by the Trustee for particular
purposes. The aim and use of each d8signated fund is set out in the notes to the finan¢ial
slalements.
Restricted funds are funds which are to be used in 8¢¢oidance wlh spècrfic reslriclions imposed by
donors or which have been raised by the Charty for particular purposes. The costs of raising and
administering such funds are charge£l against the specific fund. The aim and use of each reslrided
fund is sel out in the notes lo the financial slalemenls.
2.16 SeDilces provldgd by members of thè charity
No monetary value has been pFaced on administrative and other services provided by the members
of the charty.
Crltl¢al accounting estimates and judgements
In the application of thè Charills accounting policies, the Trustee is required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The eslimales and associated a5sumption$ are based on historical
experience and other factors that are considered lo be relevant. Adual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting
estimates are recognised in the period In which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Key sources of •stlmation uncertainty
Useful 9conomic lives of tangible a$s8ts
The annual depreciation on tangible fixed assets is sensitive lo changes in the estimate usefLJI economic
lives and residual values of the assets. These estimates are reviewed annualty and amended wh&n
necessary.
The Trustee does not consider that there are any key assumptions concerning the future, or any other key
sources Of eslimalion uncertainly, that have significant risk of causing a material adjustment lo the
carryng amounts of assets and liabilrties within the next reporting period.
Page 23

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
In¢ome trom donations and l•ga¢ies
Unrestricted Restricted
lunds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Donations and gifts
Bequests
Gift aid
Mission donations
Promotion worf(
204,952
642,908
79,418
204.952
642,908
79.418
105.942
609.636
258,238
712,673
70,170
75,204
585, 190
105,942
609,636
1,536,914
105,942
1,642.856
1,701,675
Total 2022
q,626,471
75,204
1, 701,675
Income from ¢harltsble activities
Unrestrided Restricted
funds
funds
2023
2023
Total
funds
2023
Total
fvnds
2022
Afriea magazine
Mass income
70,835
70.835
25.073
67,672
17,708
25,073
70,835
25,073
95.908
85,380
To1812022
67,672
17.708
85,380
Page 24

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
other incoming r8soui¢es
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Nel gain on disposal of tangible fixed assets
3.000
3,OCKI
7.900
Tot812022
7,900
7,900
Surplus on Ordlnary Activities
2023
2022
The operating surplus 1$ $tstes after charging-
DeprecIat￿n of Tangible Fixed Assets
Auditors, Remuneration
34.072
4.275
35,613
7,643
38,347
43,256
Page 25

o ￿ 0>
(g ￿ ¢L)
DJ
uc
J cc

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Support costs
Support Govemance
Costs
costs Total funds
2023
2023
Support Govemance
costs
costs
Total funds
2022
2023
2022
2022
Audit feas
4275
4,275
7643
7,643
4.275
7,643
Governance costs are all￿taed lo Charitab￿ aclMtie$ on a percentage ba51S.
Governance costs includes payments lo the auditors of £4,275 (2022 £7.6431 for audit and advisory
services.
10. Staff costs
2023
2022
Wages and salaries
120,501
110, 128
120,501
110, 128
The average number of persons ernployed by the Charity during the year was as follows..
2023
No.
2022
No.
Employees
No employee rgceiv8d remuneration amounting to more than £60,000 in either year.
11. Trustee'$ remuneration and expons8s
The Directors of the Trustee cornpany lor any persons connected with them) have not received any
remuneration or benefits from thè charity during the year. The living and personal expenses of Directors
who are members of St. Patrick's Missionary Society UK are borne by the charity but the received no
remuneration in connection w((h their duties.
Page 27

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
12. Tangible fixed assets
Land and
freehold
property
Furniture
and
equlpment
Motor Fixtures and
vehlcles
fittings
Total
Cost or valuation
Al 1 January 2023
Disposals
768.121
60.368
113,2441
69,697
134,720
1,032.906
{13,2441
Al 31 December2023
768.121
47,124
69,697
134,720
1.019,662
Depreciation
At 1 January 2023
Charge for the year
On disposals
76.810
15,362
35,805
10,527
(13,2441
52,435
2,589
101,656
5,594
266,706
34,072
113,244)
At 31 December 2023
92.172
33,088
55,024
107.2SO
287,534
Net book valug
At 31 December 2023
675.949
14,036
14,673
27.470
732,128
At 31 December2022
691,311
24,563
17,262
33,064
766,200
13. Stocks
2023
2022
Finished goods
9,003
8,546
14. Debtors
2023
2022
Due within one year
Prepayments and other debtors
11,974
6,637
11,974
6,631
Page 28

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15. Creditors: Amounts falling dug within on• y•ar
2023
2022
PAYEINIC
Deferred Inco￿￿- Africa magazine
Accruals
2.154
23.531
18,147
2.401
28,496
19,987
43,832
50,884
16. Deferred Incom8 {Africa Magazine)
2023
2022
Opening balance
Released
28,496
14,9651
30,887
(2,397)
Closlng balance
23,531
28,496
Page 29

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Statement of funds
Statement of funds - current year
Balance at
31
December
2023
Balance at 1
January
2023
Income Expendituie
Unrestrlcted funds
Vnrestricted Funds- all funds
1.308,426
1.610.749 11.885.4481
1.033,727
Restricted funds
Restrleted Funds- all funds
25,073
{25,0731
Total of funds
1,308,426
1,635,822 {1,910,5211
1,033,727
Page 30

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Statement ot funds {continued}
ststement of funds - prior year
8al&nce al
31
December
2022
Balanee al
l January
2022
Income Expendilu
Unrastricted funds
Unre$tri¢led Funds - all fvnds
1.206,581
1, 702.044 (1,600,199)
1.308,426
Restrlcted funds
Restrscted Funds - all funds
92,912
{92,9t2J
Total of funds
1,206,581
1, 794,956 (1,693, 111)
Y,308,426
18. Summary of funds
Summary offunds-currentyear
Balance at
31
December
2023
Balanee at 1
January
2023
Income Expenditure
Unrestricled funds
Re8tri¢ted funds
1,308,428
1.610,749 11.885,4481 1,033.727
25,073
125,0731
1,308,426
1,635,822
11,910,521> 1.033,727
Page 31

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
18. Summary offunds (continued}
Summary of funds- prioryear
Balanc8 al
31
Decembei
2022
Balance al
l January
2022
Income Expenditu
Unrestricted funds
Reslricled funds
1,206,581
1, 702,044
92,9t2
(1,600, 199)
(92,912)
1,308,426
1,206.581
1, 794,956 (1,693, 111)
1,308,426
19. Analysls of nèt assets between funds
Analysis of net assets between lunds - current year
Unrestricled
funds
2023
Total
funds
2023
Tangible fixed assets
Current assets
Credrtors due within one year
732,128
345,431
143,8321
732,128
34S,431
{43,8321
Total
1,033.727
1,033,727
Analysis of net assets between funds - prior year
Unreslncled
funds
2022
Tol&l
funds
2022
Tangible fixed assets
Current assets
Creditors due within one year
766,200
593. 110
{50.884J
766,200
593, 110
150.884)
Total
1,308.426
1,308,426
Page 32

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
20. Reconcilialion of net movement in funds to net cash flow from operatlng activit1¢$
2023
2022
Nel Ilossllin¢ome for the year las per Slalemenl of Financial Activities)
1274.699}
101,845
Adjustmonls for..
Depreciation charges
Gain on disposal of tangible fixed assets
Ilncreasel in stocks
Ilncreaselldecrease in debtors
(Decreasellincrease in creditors
(Decrease) in deferred income
34.072
13.0001
14571
15,3431
12.0871
14,9651
35, 613
[7,900)
(1,058)
23
4,832
f2,391)
Not ca$h (used inllprovlded by operating activities
1256,4791
130,964
21. Analysis ol ¢a$h at bank and in hand
2023
2022
Cash at bank and in hand
324.454
577,933
Total cash and cash equivalents
324,454
577,933
22. Analysis of changos In net debt
At1
January
2023 Cash flows
At31
December
2023
Cash al bank and in hand
577,933
1253,479)
324,454
577,933
253,4791
324.454
23. Contlngent Ilabllltles
There were no capital commitments as al 310ecember 2023.
Page 33

ST PATRICK'S MISSIONARY SOCIETY UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
24. Related party transactions
St Patrick's Intèrnational In¢orporated
Directors Fr. Richard Filima, Fr. Patrick Esekon. Fr. Sean Cremin and Fr. Raphael Mwend8 of Sl Patrick's
Missionary Society Trustee Limited (who is sole Trustee of Sl Patrick's Missionary Society UK), are also
Diieclors of Sl Palri¢k's International Incorporated.
During the year Sl Palri¢k's Missionary Society UK transferred the following amounts to Sl Patrick's
International Incorporated".
Contiibulions of £NIL12022.. £1,150,000)
Restricted mission donations ol £NIL12022.' £29,806} for disbursement.
As at 31st December 2023, no amounts were due lolfrom Si. Pal¥ick's International Incorporated by St
Patrick's Missionary Society Scotland.
St Patrick's Mlsslonary So¢Sety Ireland
Dire¢lors Fr. Seamus O'Neill, Fr. Richard Filima and Fr. Sean Cremin of Sl Patrick's Missionary Society
Trustee Limited (who is sole Trustee of Sl Polri¢k's Missionary S(tiety UK), are also Trustees of St
Patrick's Missionary Society Ireland.
During the year St Patrick's Missionary Society UK transferred the following amounts to St Patrick's
Missionary S¢xiely Ireland".
£18,57112022." £17,792 for the Afrtca magazine)
£4,960 12022.. £13.5181 lo refund expenditure incurred by Sl. Patrick's Missionary Society Ireland on
behalf of Sl Patrick's Missionary SoGiely UK.
During the year Sl Patrick's Missionary Society Ireland transferred £57,650 {2022' £4,130) to St Patrick's
Missionary Society UK for expenditure incurred on its behalf.
As al 31$1 December 2023, £96 (£951 was due by St Patrick's Missionary S¢xEty UK lo Sl Palrick's
Missionary Society Ireland.
St. Patrlck's Missionary Society Scolland
Sl Patrick's Missionary Society Trustee Limited is the sole Trustee of both Sl Patrick's Missionary Society
Scotland and St Patrick's Missionary Society UK.
During the year Sl Patrick'5 Missionary Society Scotland transferred £8,18612022.. £15,363) lo St Patrick's
Missionary Soeiety UK lo refund expenditure incurred on its behaw.
During the year Sl. Patrick's Missionary Society UK transferred £290 (2022.. £2,000) to St Patrick's
Missionary Society Scotland lo refund expenditure incurred on ils behalf.
Post balance sheet events
There were no significant events affecting the Charty since the year end.
26. Approval of financial statements
The Trustee approved these financial statements and authorised them for issue on 4 September 2024.
Page 34