2022-12-31-annual-report

Society of African Missions {Nl Communities) TRUSTEES. REPORT for the fir￿n￿al year ended 31 December 2L122 The trustees present their Twstees. Report and the audited financial statements for the financaal year ended 31 December 2022. The finanaal statements are prepared in aCcO￿aT￿ wilh FRS 102 Yhe Financial Repowling Stsndard applirAble in the UK and Republic of Ireland" and Acrounting and Reporting by Charilies". Slatemenl of Recommended Practice applicable to charities preparing their finanaal statements in at￿rdance wih the Finanual R8p)rting Standard applicable in the UK and Republic of Ireland (FRS 1W2). The Trustees, Report contains the infomiatron required lo be provided in the Trustees. Nnnual Report under the Statement of Recommended Prdciice (SORP) guidelines. In this report the trustees of Soaety of Africzn Missions (Nl Cornmunities) present a summary of its purpose. govemance. activities. achievements and finances for the finanoal financial year 31 December 2022. Mission, Objectives and Stsate9y Objectives The charrtable purpose of the Society ofAfrican Missions {SMA) the advancement of ￿uCatiOn and religion. The direct benefits which flow from the SMA purpose indude improved spiritual awa￿ne$S and refigious well being as a result of various aspects of work undertaken by The Society. These beneffts are detnonstrated through fe￿￿back from the generd public together with evaluations piovmled by attendees at cOnferen￿S and retreats held al The Societvs facilities. The purposes" of The Society are entirety benefical and do not lead to any harrn. The beneficiaries of The Soaety's purposes are the general public to include p￿pIe Iwing wrthin Ihe island of Ireland who wish to explore and enhance their spiritual and religious V￿lfare. A private benefit to trustees may arise due to their facilitation of conferences. courses and other educational aclivilies. Through such arAivities trustees gain skills and experien￿ which are transferable to other settings. These benefits are incidental and necessary to ensure the benefit is provKled to The SoryeV$ benefKiaries. The Soaety ensures the upkeep. maInten￿Ce and provision of a retreat and conference centre offering a modern. comfortable. well equipped facility in Ihe most idyllic of rural settings away from the noise and distractions of everyday life. The beauliful grounds, tranquil. pea￿[U1 al￿¥js￿e￿ along with the modern facilities make it the perfect venue for retreat5 and conferences. Results and Dividends At the end oflhe finanaal year the tharity ha5 assets of £303.177l￿2l- £307.UJ) and liabilities of £169.79512021 - £183.435). The net assets of the th￿lty have inueased by £8,927. In a￿ordance with the Arkncles of Associalion, the directors retire by rotslion and, being eligible, offer themselves for re-election. Compliance Tthrfth Sector-wide Legislation and Stsndafds The charity engages pr(￿actiVelY Y•ryth legislation, stanéards and codes whith ate developed for the sedor. Society of Afri￿n Missions {Nl Communities) subscribes to and is (rJmFdiant with the follo￿￿n9. The Charitie5 SORP (FRS 102) Approved by the Board of Trustees on 20 Octolxr 2023 and signed on its behalf by: Rev Damian Bresnahan Trus Rev Jarlath Walsh Trustee