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|lndependentAudito/sReport|24|
|---|---|
|StatementofFinancialActivities foryearended3l'tDecember|2023..28|
|BalanceSheetat31't December 2023|29|
|StatementofCashflowsforyearended 31't December2023|31|
|Notesto theFinancialStatements|32|





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|(lncorporatingan lncom|e and E|xpenditure|A|ccount)|||||
|---|---|---|---|---|---|---|---|---|
|||||||2023||2022|
||Unrestricted||Designated||ReSricted|Total|Unrestricted<br>Restricted|Total|
|||funds||funds|funds|Funds|funds<br>funds|Funds|
||Notes|€||Ê|€|â|r.<br>€|Ê|
|lncornefrom<br>Donationsandlegacies|3|2,211,019||7|1,1gz,4ol|3,993,426|1,828,5661,200,279|3,028,845|
|Gharitableactivities<br>LiteratureandEvents|7|27,96s||_7|527|28,492|22,534<br>283|22,817|
|lnterest receivable|7|28,194||||28,194|'18,460|18,460|
|Other|7|11,270||||11,270|14,378|14,378|
|Totalincome||2,278,48|||'t,182,9U|3,461,382|1,883,9381,200,562|3,084,500|
|Expenditure on|||||||||
|Costsofraisingfunds<br>Fundraising|4|290,089|||25,171315,260||252,52829,391281,919||
|Gharitableactivities|4||||||||
|ProvidingthemtheTOOLS||635,493|||1,265,471|1,900,964|518,779<br>1,434,319|1,953,098|
|Raising their VOICE||1,305,890||169,297|13,998|1,489, 185|I ,010,950<br>24,114|1,035,064|
|Totalexpenditure||2,231,472169,2971,304,æ0||||3,705,409|1,782,2571,487,824|3,270,08',1|
|Netincome/(expenditure)||46,976||(169,297) (121,706)||(244,027)|101,682(287,263)|(185,581)|
|Transfers|||||||177,801(177,801)||
|Net income/(expenditure)<br>aftertransfers||46,976||(169,297)(121,7061||(24ø,,0271|279,483(465,064)|(18s,581)|
|Totalfundsbroughtforuvard<br>at1January2023|16&17 684,366500,126539,443|||||1,723,935|1,222,684686,830|1,909,514|
|Total fundscarried|||||||||
|forwardat31December|16&17 731,U2|||330,829417,737||1,479,908|'1,502,167221,766|1,723,9U|
|2023|||||||||





## 

|ForReleaselnternational-CompanyNumber0|1506576||||||
|---|---|---|---|---|---|---|
||||2023|||2022|
||Notes||Ê|Ê|â|€|
|Fixed assets|||||||
|Tangibleassets|11|||242,Q20||250,865|
|lntangibleAssets|11|||1,044||2,100|
|Gurrent assets|||||||
|lnvestmentsheldforresale|20||675,000||4,876||
|Debtors|12|7|93,604||105,620||
|Shortterminvestments|||357,225||397,996||
|Cashatbankandin hand||7|540,501||1,055,096||
||||1,666,330||1,563,588||
|Creditors-Amounts fallingdue<br>within one year|13||(209,484\||(e2,61e)||
|Netcurrentassets||||1,456,846||1,470,969|
|Greditors-Amountsfalling duein|14||||||
|over one year||||(220,000)|||
|Total assets lesscurrent liabilities||||1,479,910||1,723,934|
|Reserves|||||||
|Unrestricted funds|||||||
|GeneralFund|16|||731,345||684,366|
|Designated Funds|16|||330,828||500,125|
|Restrictedfunds|17|||417,737||539,443|
|Totalfunds||||1,479,910||1,723,934|





## 

|GashflowStatementforyear ended3lst|Dece|mber2023||
|---|---|---|---|
|||2023|2022|
|||€|â|
||Notes|||
|Net cash(usedin)/generatedbyoperatingactivities||(583,560)|(215'157)|
|CashflowsfromInvestingActivities<br>Purchase ofpropertyplantand equipment|||(5,265)|
|Purchase ofintangiblefixedassets<br>lnterest received||28 194|18,460|
|Net cashgenerated by/(used in)investing activities||28,194|13,195|
|Net (decrease)/increasein cash|10|(555,366)|(201,962)|
|Cash at the beginningoftheYear||1,453,092|1,655,054|
|Cash at the endoftheYear||897,726|1,453,092|



## 

|Reconciliation of netmovementin|fundstonetca|shflow fr|
|---|---|---|
||2023|2022|
||Ê|E|
|Netlncome /(ExPenditure)|(244,027)|(185,580)|
|Adjustedfor|||
|Depreciation charge|8,845|11,586|
|Amortisationcharge|1,056|2,050|
|Receiptofgiftofinwstmentfor resale|(675,000)|(4,875)|
|Saleofinwstments|4,878||
|lnterest fromdePosits|(28,194)|(18,460)|
|(lncrease)/decreasein debtors|12,017|(32,655)|
|lncrease/(decrease)in creditors<br>Netcash usedin operatingactivities|(583,560)<br>336,865|(215,157)<br>12,778|





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||||||2023||||2022|
|---|---|---|---|---|---|---|---|---|---|
|||Unreslricted|Restricted||Total|Unresfricted|ReSricted||Total|
|||funds||funds|funds|funds||funds|funds|
|||Ê||Ê|â|I||Ê|Ê|
|lndividuals||1,843,681||661,037|2,504,718|1,407,981||581,2461,989,227||
|Churches&<br>othergroups|7|7<br>282,337||115,112|397,449|132,082||130,075262,157||
|Trusts|7|7<br>37,597||12,701|50,298|30,802||18,991|49,793|
|ICA partner<br>ministries|||7|393,559|393,559|||469,967|469,967|
||7|||||||||
|Legacies||47,402|||47,402|257,701|||257,701|
|||2,211,0181,182,408|||3,393,426|1,828,5661,200,2793,028,845||||





## 

|4.Expenditure||||||
|---|---|---|---|---|---|
||||||2023|
||Grants|DirectcostsSupportcosús|||Total|
||€||â€||Ê|
||(see note5)||(see note6)|(see note7)||
|Costsofraisingfunds<br>Fundraising||7|29o,OB9F25,171||<br>315,260|
|Charitableactivities||||||
|ProvidingthemtheTOOLS|1,164,763||631,899|104,301|1,900,963|
|Raising their VOICE|||1,133,584|186,305|1,319,889|
||1,164,763||2,055,572315,777||3,536,112|



|The aboreexpenditure excludes|exceptionalrepairc|ostson ourpr|emisesatPriory Bui|ldings,Orpi|
|---|---|---|---|---|
|||||2022|
|Costsofraisingfunds<br>Fundraising|Grants<br>€<br>(see note5)|Directcosts<br>Ê<br>(see note6)|Supportcosts<br> <br>Ê<br> <br>(see note7)|Total<br>Ê|
|Charitableactivities|-|245,288 36,631||<br>281,919|
|ProvidingthemtheTOOLS|1,420,508|423,855|108,735|1,953,098|
|Raising their VOICE||888,419|146,645|1,035,064|
||1,420,508|1,557.562292,011||3,270,081|



## 



## 

|A. ReslrictedFunds||||||
|---|---|---|---|---|---|
||No.||Ê|No.|Ê|
|CentralAsia||t6|68,462|10|66,426|
|Middle East/Gulf||26|273,748|34|318,483|
|North East Africa||t6|423,461|22|409,450|
|WestAfrica||18|154,786|27|151,768|
|South Asia||43|139,898|118|258,675|
|South EastAsia||t2|91,240|19|144,763|
|Other||L3|13,169|13|70,943|
|||144|1,164,763|243|1,420,508|
|B.Unrestr¡ctedFunds||||||
|CentralAsia||5|37,475|3|8,000|
|Middle East/Gulf||||1|26,54L|
|North East Aftica||L|10,000|||
|South Asia||6|3L,526|||
|South East Asia||1|&003|||
|Other||t|67,742|1|56,339|
|||t4|154,746|5|90,880|
|TotalGrantpayments||158|1,319509|2ß|1,511,388|





## 

|6.<br>DirectCosts|||||||
|---|---|---|---|---|---|---|
||||2023|||2022|
|*Seenote8||Staffcos{s*Othercosts<br>ÊÊ|Totalcosts<br>Ê|Staffcosts*Othercosts<br>€â||Totalcosfs<br>t|
|Costsofraising funds<br>Fundraising|t|<br>121,1641sl,g2s29o,oa9||117,316|127,972245,288||
|Gharitableactivities|||||||
|ProvidingthemtheTOOLS||273,743<br>358,'156|631,899|244,774|179,081|423,855|
|Raisingtheir VOICE||630,368<br>503,215<br>7|1 ,133,583|564,182|324,237|888,419|
|||1,035,8751,019,6962,055,571||926,272|631,2901,557,562||





## 

|7.<br>SupportCosts||||||||
|---|---|---|---|---|---|---|---|
||||2023||||2022|
|*See note8|Staffcosts*Othercosts<br>Ês|Totalcosts<br>Ê||Staffcosts*Othercosts<br>EÊ||Totalcosts<br>Ê||
|Costsofraising funds||||||||
|Fundraising|30,414 10,441||<br>40,855|28,986|7,645||36,631|
|Charitableactivities||||||||
|ProvidingthemtheTOOLS|76,774<br>26,356||103,130|68,797|18,145||86,943|
|Raising their VOICE|136,844<br>46,977||183,821|116,039|30,606||146,645|
||244,032 83,773||327,805|213,823 56,396|||270,219|



## 

|8.<br>StaffCosts|||||||||
|---|---|---|---|---|---|---|---|---|
||||2023||2022||||
||Notes||Ê||Ê||||
|Wagesandsalaries||7|1,057,057||942,604||||
|Social security costs||7|106,644||94,255||||
|Pension costs||7|105,022||93,810||||
|||7|||||||
|GroupLifepolicy|||11,185||9,425||||
||||1,279,908||1,140,094||||
|Total splitasfollows:|||||2023|||2022|
|||Direct|Support|Totalstaff<br>cosús||Direct|Support|Totalstaff<br>costs|
|||(note6)|(note7)|||(note 6)|(note7)||
|Gostsof raising funds|7|1g1,764v30,414|||162,178|117,316|28,986|146,302|
|Gharitable activities|||||||||
||7|7|||||||
|Providingthem theTOOLS||273,743|76,774||350,517|244,774|68,797|313,571|
|RaisingtheirVOICE|7|630,368|136,844||767,212|564,182|116,039|680,221|
|||1,035,875244,032|||1,279,908|926,271|213,8231,140,094||





|The average number of employeeswas:|2023|2022|
|---|---|---|
|[Vhnagement|5|5|
|Administration andsupport|5|6|
|Overseasproject management andUK|21|18|
|information and education|||
||31|29|



|9|Net lncome/Expenditure|for theYear||||
|---|---|---|---|---|---|
||Thenet income/ expenditure for theyearisstated aftercharging:|||||
|||||2023|2022|
|||||€|r|
||Depreciation ofassets|(see note11)<br>7||9,901|13,634|
||Auditors'remuneration||7|21,132|15,990|
||Hire of equipment||7|5,005|6,794|
|10|AnalysisofCash, CashEquivalentsand Net Debt|||||
|||||Non cash||
|2023||AsatIJan2023Cashflows||movements|Asat3lDec2023|
|Cash|atbank|237,766|36,917||274,683|
|Cash|on deposit|1,215,326<br>7|(592,283)|7|623,043|
|Net Cash||1,453,092(555,366)||7|897,726|
|||||Non cash||
|2022||AsatlJan2022Gashflows||movements|Asat3lDec2022|
|Cash|atbank|665,179|(427,413)||237,766|
|Cash|on deposit|989,875|225,451||1,215,326|
|Netcash||1,655,054(201,962)|||1,453,092|





## 

## 

|tL.<br>Fixed Assets|FO|RYEAR EN|DED31STDE|CEMBER202|3||
|---|---|---|---|---|---|---|
|||Property|Computer<br>Equipment|Office<br>Equipment|Leasehold<br>lmprovements|Total|
|||Ê|â|Ê|c|Ê|
|Gosi|||||||
|At1st January2023||250,000|82,782|33,338||366,120|
|Additions|||||||
|Disposals|||||||
|At31st December2023||250,000|82,782|33,338||366,120|
|Depreciation|||||||
|AtlstJanuary 2023||560<br>4,|77,357|33,338||115,255|
|Chargeforyear|7|420<br>3,|5,425|||8,845|
|Disposals|||||||
|At31stDecember 2023||7,980|82,782|33,338||124J00|
|Netbook values|||||||
|At31stDecember 2023||242,020||||242,020|
|At3lstDecember2022||245,440|5,425|||250,865|



## 

|lntangibleAssets|||
|---|---|---|
||Software<br>Development|Total|
||Ê|Ê|
|Cos{|||
|At1st January2023|25,345|25,345|
|Additions|||
|Disposals|||
|At31stDecember 2023|25,345|25,345|
|Depreciation|||
|At1st January 2023|23,245|23,245|
|Chargeforyear|1,057|1,057|
|Disposals|||
|At31stDecember 2023|24,301|24,301|
|Netbook values|||
|At31st December2023|1,044|1,044|
|At31stDecember 2022|2,100|2,100|





## 

|L2.Debtors|FOR YEAR E|NDED31ST|DECEMBER|
|---|---|---|---|
|||2023|2022|
|||â|Ê|
|Duewithinone year||||
|Otherdebtors|7|69,715|54,068|
|Prepayments|7|23,889|25,852|
|Accrued legacies|||25,700|
|||93,604|105,620|



## 

|13.Creditors-AmountsF|allingDueWithinOneYear||
|---|---|---|
||2023|2022|
||Ê|â|
|Tradecreditors|68,731|28,504|
|Other creditors|21,069|18,725|
|lnterestfree loan|30,000||
|Accruals|89,684|45,390|
||209,484|92,619|



## 

||2023|2022|
|---|---|---|
||Ê|Ê|
|lnterestfeeloan|220,000|0|



## 

## 



## 

## 

|1,6.UnrestrictedFunds||||||
|---|---|---|---|---|---|
||Balance|IncomeExpenditure||Trans{ers|Balance|
||01-Jan-23||||31-Dec-23|
||€|t|â|r|â|
|General ReseneFund|684,366|2,278,448|(2,231,470)||731,344|
|DesignatedFund-Grant ReponseFund|1,917||(20,518)|100,000|81,399|
|DesignatedFund-Property resen€|250,000||(s7o)||249,430|
|DesignatedFund-Propertyrepairs|148,209||(148,209)|||
|DesignatedFund-newproperty|100,000|||(100,000)||
||1,184,492|2,278,448(2,400,767)|||1,062,173|
||Balance|lncomeExpenditure||Transfers|Balance|
||01-Jan-22||||31-Dec-22|
||Ê|Ê|Ê|Ê|r|
|GeneralReseneFund|602,684|1,883,938|(1,782,256)|(20,000)|684,366|
|DesignatedFund-Grant ReponseFund|200,000|||(1e8,083)|1,917|
|DesignatedFund- Property resene|250,000||||250,000|
|DesignatedFundPropertyrepairs|170,000||(21,791)||148,209|
|DesignatedFund-newproperty||||100,000|100,000|
||1,222,684|I,883,938(1,804,047)||(r18,083)|1,184,492|





## 

|<br>where appropriatehave beengrou<br>describedonpage5.|pedintogeograp|hicalareas.Theyareallwithinour|hicalareas.Theyareallwithinour|hicalareas.Theyareallwithinour|obj|ectivesas|
|---|---|---|---|---|---|---|
||Balance|lncomeExpenditureTransfers||||Balance|
||01-Jan-23|||||31-Dec-23|
||€|€|Ê|€||Ê|
|Christiansforced toffee|21,090|85,8567|(r06,400)|7,264||7,810|
|Familiesof Christian martyrs<br>Prisonersoffaith andtheirfamilies|0<br>39,786|106,9327<br>75,4687|(e9,250)<br>(57,854)|(e1s)<br>(4,e80)|7|6,763<br>52,420|
|Christianssuffering oppression and violence<br>CentralAsia|(0)<br>1,864|172,3987<br>I0,988|(15e,00e)<br>(12,720)|(8,0e6)<br>5,145|7|5,233<br>5,277|
|Middle East/Gulf|5,233|51,231|(51,4ee)|14,237||19,202|
|NorthEastAfrica|398,275|299,636|(452,810)|5,829||250,930|
|WestAfrica|9,369|108,774|(75,786)||7|42,357|
|SouthAsia|36,046|92,474|(100,254)|(4,111)||24,155|
|South East Asia|25,389|22,176|(3e,787)|4,421||12,199|
|Personal Support|1,187|22,009|(22,00e)|||1,187|
|Generic funds andother|1,203|39,450|(31,661)|(18,7e0)||(9,798)|
||539,443|1,087,333|(1 ,209,038)|||417,735|
||Balance|lncomeExpenditureTransfers||||Balance|
||014an-22|||||31-Dec-22|
||€|Ê|€|Ê||€|
|Christians forced to flee|2,023|169,322|(87,8e5)|(62,359)||21,091|
|Familiesof Christian martyrs|93,108|32,736|(113,220)|(12,624)||0|
|Prisonersoffaithandtheirfamilies|45,901|100,876|(106,991)|||39,786|
|Christianssuffering oppression and violence|78,702|78,221|(223,622)|66,699||(0)|
|CentralAsia|1,898|37,215|(64,750)|27,501||1,864|
|MiddleEast/Gulf|12,286|83,402|(r02,9e3)|12,538||5,233|
|NorthEastAfrica|329,112|445,672|(376,971)|462||398,275|
|West Africa|13,199|11,175|(37,548)|22,543||9,369|
|SouthAsia|46,496|71,025|(140,148)|58,673||36,046|
|South East Asia|18,183|19,211|(12,118)|113||25,389|
|Personal Support|195|38,907|(37,915)|||1,187|
|Gener¡c funds andother|45,726<br>686,829|32,206<br>1,119,968|(81,268)<br>4,539<br> (1,385,439)118,085|||1,203<br>539,443|





## 

||Fixedassets|Cash|NetGurrent<br>assets|Totals|
|---|---|---|---|---|
||e|€|Ê|t|
|Restrictedfunds||399,493|18,244|417,737|
|Unrestrictedfunds|243,064|278,231|540,876|1,062,172|
||243,064|677,724|559,1 20|1,479,909|
|2022|Fixedassets|Cash|NetCurrent<br>assets|Totals|
||Ê|Ê|Ê|Ê|
|Restrictedfunds||529,198|10,245|539,443|
|Unrestrictedfunds|252,965|923,893|7,632|1,184,491|
||252,965|1,453,091|17,877|1,723,934|



## 

|19.OtherFinancialCom|mit|ments||||
|---|---|---|---|---|---|
|||2023||2022||
|||Office|Premises|Office|Premises|
|||Equipment|Rental|Equipment|Rental|
|OperatingLeases||g|Ê|â|Ê|
|Dueunder1year||6,674|225|6,674|225|
|Due between 2to5years|7|6,674|900|13,348|900|
|Due after morethan5years||7|14,794||15,019|
|||13,348|15,919|20,022|16,144|





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