African Missions Northern Ireland Llmlted IA ¢ompany Ilrntted by guarant80, not havlng a share ¢apltall TRUSTEES. ANNUAL REPORT for the financial year ended 31 December 2023 The trustees presenl thelr Trustees, Annual ReporL comblning the Dlrectors. Report and Trustges, Repor( and the audited financial statements for the financial year ended 31 December 2023. The flnancial statements are prepared In a¢¢ordanrA wlth the Companies Act 2006. FRS 102 Tr Flnanclal Reporting Standard applicable In the UK and Republic of Ireland. and AGGounting and Reportlng by Charlues.. Statement of Recommended Pr8Ctlce appllcab18 to charftl8s preparfng th8lr financlal Statements In accordance the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 102}. The Trustees, Report Contsins the Infornauon requlred to be provided In the Trustees, Annual Report under lh6 statement of ReGommended Practice {SORPI guldellnes. The trustees of the company are also charity trustees for the purpose of ¢harity law and under the company8 cOnStu0n are krthvn as members of the board of trustees. In thls report the trustegs of African Mlsslons North8m Ireland Llmlled present 8 8ummary of Its purpose, govemance, acUvllie8. achlevements and finances for the financlal year 31 December 2023. The ¢harity 1$ a rogislered charity and hence the report and results are presented in a form whiGh mplIeS with tho requirements of the Companies A¢t 2006 and. although not obliged lo comply with the Stalem8nl of Recommendad Pra¢ll¢e (Charttles SORP effectlve January 20151, the oryanlsalion has Implemented Its recommendatlon5 where ralevanl In thosa flnanclal statem8nt8. Ml•8lon, ObJ•ctlves and Strat•gy ObJoctlv•• Tha charltablo purposo of the Society of Afrfcan MIs8lon8 {SMAI18 the advancement of education and roliglon. The dSrect bengffts which flow from the SMA PUfPO88 include improved spiritual awareness and religious well belng 88 a r08uIt of varlou$ aspeGts of work undertaken by The Socl8ty. These benefits are demonstrated through fo6dback from tha gon8ral public tog8thgr wlth evaluallons provlded by attendeas at conferencos and ralreals heid al Tho Socioty's facililles. The purposeg of The Swigty are entiroly bgnofical and do not lead lo any harm. Thg b6n6ficlarfe$ of The Soclgvs purposes are gener81 publlc lo In¢lude people Ilvlng within the Island of Ireland who wlsh lo explore and enhance their $piriluo1 and religious welfaro. A privote benefft lo tru$tse$ may aris8 due lo thelr fadlltallon of conferences, cours88 and othor eduG•tlonal aGtlvlUes. Through su¢h a¢tlvlle8 InJ8t88s galn skllls and experlen¢e which are transferable to other setlings. These beneflis are Sncklental and necessary to ensure the b&nefil 18 provlded to The Soclety'8 b8neficiari88. The Soclaty 8nsure8 the upkeep, malntenance and provlslon of a retreat and conferen¢9 centre offerlng a modam, comfortable, w811 equlppad fadllty In the m051 Idyllic of rural 5ettlngs away from th8 nolse and dlslracllons of everyday The beautiful grounds, tranquil, pga¢6ful atrnosphere along with the modern facllfties make11 the pgrfoGt venue for r8lr8ats and conferences. R•vl•w of Actlvlllo•, AGh10MOnts and Porfornianc• Each year The So¢l8ty Is Involved In the organlsauon and running of an Annu81 Open Day and Famlly Fun Day together wlth the faclllatlon of weekly resldenllal camps durlng Ihe summer months attended by tsenagers whlch umulauvely cater for up to 20,000 people each year. PrO810n of fundlng for the purp080 of work ¢arrf8d txrt by The Sodety of Affican MI881on8 prfmarlly In the Afrlcan contlnent. SMA mls51onades dedicatg thgir liv8s lo providing help and 5UPPOrt to the people of Afrlca and In thls capacity serve 88 pastors, teachers, health care workers, construction workers. fanners and in any olh6r capauty that enables them to help the people of Afrl¢a. They provlde trainlng. educallon and pradcal sUPPOrt whl¢h encourge and assisl the development of the necessary 8kllls needed to become Self 8uffkient and employable. SMA mlsslonade8 promote jusuce and peace through worklng wlth social s8Nlce agencles, govemmenls and in all other capaclUa8 for the purpos8 of provldln9 help and a$si$tsn¢e to those who are oppressed, Impoverfshed and di$plarAd. Flnanclal R•vl•w The financl81 results for the year are fvlly delailed from pages 10 onwards and show the overall deficit for tho year of £69.943. Tha ¢to$ing reserves as at 31st December 2021 are £5,057,637. How these ar8 made up can be seen in note 11 to the accounts. The trustees Gonsider the financial results to b8 satisf8Ctory. Flnanclal Results Al the end of the financial year the charfty has assets of £11,170,120 (2022 - £11.143.6341 and liabilitiès of £5.990.62612022- £6,067,829). The net assets of the charity have increased by £103,689.
African Missions Northern Ireland Lirnited IA comp&ny Ilmlted by guarantoé, ntrt havlng a share c4pItsII TRUSTEES. ANNUAL REPORT for the financial year ended 31 December 2023 Tru51ees The Iiu$lees who served throughout flr4n¢lal year, except as noted, were as follows: Rev Johr Blown Rgy MalaGhy Flonagan Rev Martin K¥vanagh Rev Damian Bresnahan R8v Eamonn Finnegan Rev Anthony Kelly Rav Jarlalh Walsh Rev Colum PalriGk O'shea In a¢cord8nce wlth the Mcle$ ol AssoEiaUon, Ihg dlrfrclors rouro by rotation and. b•Sng gllgible, off•r th•ms?Ive5 for relection. The secretary who served during the financial y•ar wag: Mr Paul Murphy Compli4nc• wlth S•etor-Wld• Leglslatlon and Stsndord$ Tho charSly engag¢$ pro-actively wllh legi$laJon, slandards and codes whlth are developed for th• Jedor. Afilcan Misslons Northern Ireland Llmited Jubscribes to and Is Compllanl wrth the followlng.. Tlie CompAni¢g Act 2006 The Chariti85 SORP IFRS 1021 Publlc B•n•fft Th8 SoGi&ly has given car•lul considéralitsn lo the Charity Commisslon lor Northern Ireland'8 guidanc¥ on publlc benefit to ensLtre that the acbvilles èntgr•d Inio durlng the y8ar have helped lo achigv¢ ¢ho So¢laty's obj'ectivas and ctlvltles, as wg118s provldin9 publlc benefit. Tn• Audltor$ The auditors, Daly Park & Company Ltd, Ichartered Accounlantsl have Indicated Ihelr wllllngness lo conllnue in office In 8¢¢ord8n¢g wlth the prov5Bions ol Sgctlon 485 of the Cornpanigs Act 2006. Approv•d by th• B¥•rd ol Trust••s on 23 S•pt•mb•r 2024 and Slgn•d OTr Its b•h•lf by: Rcv Damian Bresnahan Tru3tee Rov Jarl8lh Walsh Trust•B