Company Registration Number: N1033371 Charity Number: 100816 African Missions Northern Ireland Limited IA ¢ompany Ilmlted by guaranteo, not havlng a Sharo caplt211 Annual Report and Audited Financial Statements for the financial year ended 31 December 2024 Daly Park & Company Ltd Chartered Accountants and Registered Auditors G Trevor Hill Newry Co. Down BT34 1DN
African Missions Northern Ireland Limited (A company Ilmlted by guaranteo, not havlng a share capital) CONTENTS Pago Reference and Administrative Information Trustees, Annual Report Statement of Trustees, Responsibiliti85 Independent Auditor'8 Report Statement of Financial Activities 10 Balance Sheet 11 Not&8 to the Financial Stalements 12-15 Supplementary Information relating to the Financial Statements 17
African Missions Northern Ireland Limited IA company limlted by guarantee. not having a sharg ¢apltall REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Rev Malachy Flanagan Rev John Brown Rev Damian Bresnahan Rev Eamonn Finn8gan Rev Anthony Kelly Rev Jarfalh Walsh Rev Colum Petrick O'shea Rev John Dunne (Appolnted 14 March 2025) Rev Martin Kavanagh IRe8lgned 14 March 2025) Company Secretary Mr Paul Murphy Charity Number In Northern Ireland 100816 Company Reglstratlon Number N1033371 Règisterèd Offlce and Prln¢lpal Addre88 96 Glen Road Jerretspa¥s Newry Co. Down BT34 1RH Auditor8 Daly Park & Company Ltd Chartered Accountants and Registered Auditors 6 Tr8vor Hlll Newry Co. Down BT34 1DN Prlnclpal Banker8 Flrst Trust Bank 4244 Hlll Straet Newry Co. Down BT34 1AU Northern Ireland Sollcltors Luke Curran & Co 6 Marcus Square Newry Co. Down BT34 1AY Unlled Klngdom
African Missions Northern Ireland Limited IA company Ilmlted by guarantee, not havlng a sharo ¢apltal} TRUSTEES, ANNUAL REPORT for the financial year ended 31 December 2024 The trustees present their Trustees, Annual Report, comblnlng the Directors, Report and Trustegs, Report, and the audited financial statements for the financi85 year ended 31 December 2024. The flnanclal statements are prepared In a¢¢ordanGe with the Companies Act 2006, FRS 102 The Financlal Reportlng Standard appllcabla In th& UK and Republlc of Ireland" and Accounting and Reporting by Charities.. Statement of Racommanded Practlce appllcabla to charities preparing their financial statements in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). The Trustees, Report conlalns the Infomiallon requlred to be provided in the Trustees, Annual Report under the Statement of Recommended Practice {SORP} guldellnes. The trustee5 of the company are al80 charity trustees for the purpose of charity law and under the company's constitutlon ara known as members of the board of trustees. In thls report the trustees of Afrlcan Ml88lon8 Northern Ireland Limited present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 Decemb&r 2024. The charity Is a reglstered charity and hence the report and results are presented In a form which complies wlth the reqU1MentS of the Companles Act 2006 and, although not obliged lo comply with the Statement of Recommended Practice (Charities SORP effective January 2015), the organisation has Implemented its recommendatlons where relevant in thèse financlal statements. M186lon, ObJ•ctlv•8 and Strategy ObJe¢tlve$ The charitabl8 purpose of the Society of African Missions {SMA) Is the advancément of edueauon and rèligion. The direct benefits which fiow from the SMA purpose includ8 Improved Spiritual awareness and rellglous well being as a result of varioug aspects of work undertaken by Th8 Soci&ty. These benefits are demonstrated through feedbad( from the general publlc together with evaluation5 provided by attendees at conferences and retreats held at The Society's facilit18s. Th8 purposos of The Society are enurely benefical and do not lead to any harm. The beneficiaries of The Society's purposes are general publlo to Include people living withln th8 Island of Ireland who wish to explore and enhance thelr splritual and r8llglous welfare. A private benefit to Iruslees may arise du@ to Ihelr facililatlon of conferences, courses and other educational actSvS1Ses. Through such activities trustees gain skills and exp8rlence which are transferable to other settings. These benefits are incidental and ngcessary to ensure the benefit Is provlded lo The Soclety's beneficiaries. Th8 Society ensures the upkeep, maintenance and provl8lon of a retreat and conference centre offering a modern, comfortable, w811 equipped facility in the most Idylllc of rural settings away from the nolse and distra¢lions of everyday Ilfe. Tha beautiful grounds, tranquil, peaceful atmosphere along with the modern facllltles make it the perfect venue for retreats and conferences. Revlow of Actlvltles, Achlovements and Perfomion¢o Each year Tha Society is involved in the organisatlon and running of an Annual Open Day and Famlly Fun Day together with the faciliation of weekly residentlal camps during the summer months attended by teenagers which cumulatively cater for up lo 20,000 people each year. Provision of fundSng for the purposa of work carried out by The Soclety of African Ml88lons primarily in the African continent. SMA missionaries dedlcate thelr lives lo providing help and support to the people of Africa and in thls capacity seNe as pastors, teachers, health care workers, constructlon workers, famiers and In any other capaclty that enables them to help the people of Africa. Th&y provide training, educatlon and practical support which encourge and asslst the development of the necessary skllls need8d to become self sufficlent and employable, SMA missionaries promote justice and peace through working with soclal service agencies, governments and in all other capacities for the purpose of providing help and assistance to those who are oppressed, Impoverished and dlsplaced. Flnan¢ial Revlew The financial results for the year are fully detalled from pages 10 onwards and show the overall deficll for the year ol £69,943. The closing resetves as at 31st December 2021 are £5,057,637. How these are made up can be seen in note 11 to the accounts. The trustees consider the financial results to be satisfactory. Financial Results At the end of the financial year the charity has assets of £11.183,501 (2023 - £11.170,1201 and liabilities ol £5.898,067 {2023 - £5,990,6261- The net assets of the charity have increased by £105.940.
African Missions Northern Ireland Limited IA company limited by guarantee, not having a shafg capital) TRUSTEES, ANNUAL REPORT for the financial y8ar ènded 31 De¢omber 2024 Trustees The Iru¥lees who 6erv4d throughout th# Iinanclal year, excepi as noted, i¥ere as l¢llows', Rev Malachy Flanagan Rev John Brown Rev Damian Bresnahan Rev Egmonn Flnnegon Rev Anthony Kelly Rev Jarlalh Wa15h Rev Colum Palrlck O'shea Rev John Dunne (Appointed 14 March 20251 Rev MRrtln Kavanagh IResiined 14 March 20251 In ac¢ordanc¢ wllh the Arti¢le6 ol Association, the dlreclcrs relir? by rolatson an(t, belng ellgi¥le, offer Ih$m$elYes lor re.¢lcclicn. The secretary who served during Ihg financial y¢ar w86,, Mr Paul Murphy Cumpllanco wlih Sector-wlde Leglslatlon and Standards The charity ongjoes pro-•¢livoly with l¢g151alion, standards antl deS vihlch are (feveloped for th• se¢lor. Afrlcan Mlssions Northern Ireland Lim118d subscribes lo and Is compliant with tho following.. The Companles Act 2006 The Charlli6s SORP IFRS 1021 Publlc Bgnefit Tlie Soci8ly has given Careful conslderalion lo the Charity Commlsslon for Northern Ireland'g guidancts on public benefit to ensure thai th8 activities trnlereo Into durSn9 the yo8r have helped 10 8chiovo tho Socloty's obleclives ond acllvllles, as well as providlng public benefit. Thg Audltors Tho oudilors, Daly Park & Company Lid, (Chortered Accountant91 hav& Sndical•d their willinun&ss lo conllnue in offl¢e In thccord8nce wllh Ihe provS$l¢ns of Soclion 485 01 Ihe Gomponie$ Aci 2006. Approved by tho Board ol Trustees on 27 Octob•r 2025 and $lgned on Ils b•half by: Rov Malachy Flaiiagan Trus ee Rpv JarlaLii Walsh Tru$t*o
African Missions Northern ITeland Limited IA ¢ompany limited by guarantee, not having a share capital) STATEMENT OF TRUSTEES, RESPONSIBILITIES for th• finan¢lal yeor ¢ndod 31 Doc¢mber 2024 The truglees, who are alstr direclcr5 of AlrIn Missions Northern Ireland Llmiled for lh¢ purpose5 01 company law, are responsible Icr preparing the financial $tal¢ments in accordance wilh aPPlie8bl8 law and r8gulallon5. Company law requires the Iruslaes as the director5 to prepare financial slalemenls lor ea¢h fin4rsGlal year. Under that law th8 truste85 have eleclÈd lo prepafe the flnancial slalem¢nls In 8ccord4nG? wllh United Kingdom Generally Accepied Accounting Practice (United Kingdom Accounting Standards ond appllcable lawl 5nelu¢Jing FRS102 "The Financlal Rèportin9 Standard appllcable In the UK and Republic cl Ireland. Und•r company law the Irusleo9 musl ng1 opprev• IhF finandal statements unles5 they are $a115fiod that Ih•y 9iv• a true and falr view of the slate al affalrs of the cherlty and of the ntyi Income or expenditure ol Ihp Gharily1o1 Ihol period. In preparing these financlal 51al¢ments, the Iru5:¢e5 are requlred lo.. select 5ui13ble accounllng pollcles and apply them conslslenlly.. observe tho mglhods anE1 principlos In tho Chorillas SORP make judgemen15 and a¢ccunling estimates Ihgl arè reasonable and prudent., stalo whether the financial sklemenls have been prepared in accordanc• with appllcable aGMunllng slandardi, Idanlify those standards, Bnd note the effect and tha reasons lor any material departure from Ihgse slondards., and prepare the flnancial slaiemenls on the going concern basls unle5811 ly Inepproprlale lo presume Ihal the charity will Mnlinug in up?ralion. The Irusleés are responsible lor keeping Adgouglo accountinq records thai Ara sufficient 10 show and explaln the charity's Iran5acllons and dlsclose wi+h reasonable accuracy at any timo th6 finanoal position ol the chorily and enab',& th¢m Its &nsur• IhAI th8 financlal 51Hterngn15 comply wllh th8 Companitts Aci 2006. They ère •lso rèsponsibla for saleguording th8 8ssols of tho charfty and honco for loklng reosonoblo gleps for the preventlon Bnd dotaellon ¢1 fraud and other Irregularilles. In $0 lar #s the Iruslees are aware.. there is na rel8vanl audil Information linlorm3Ion needed by the charfly's 3udilor In connfjcllon wllh preparing the aiidilor's reportl tsl which the ¢h8riVs Éudilor is unaware. and th8 Iru51eas have taken all the steps that they ought lo hava taken as Iru$l68s in ord8r to m8ke Ihemselvos oware ol any rolovanl audit Inlomi81ion #nd lo ¢slablish thai th8 charity's auditor is 3ware ol Ih81 InformatS0n. Approvod by thè Board of Trustèes on 27 Ociobor 2Q25 and slgned on118 èohall by: Rov Malachy Flanagan Trustee Rev Jarlalh Walsh Tru¥le8
INDEPENDENT AUDITOR'S REPORT to the Members of African Missions Northern Ireland Limited IA company limited by guarantee. not having a share capltall Report on the audlt of the finanGlal statements Opinion We have audited the charity finanGial statements of African Mlsslons Northern Ireland Limited {'the charity,) for the financial year ended 31 t)e¢ember 2024 which comprise the Statement of Financial Activities {incorporatlng an Income and Exp8ndilure Accounti, the Balance Sheet and notes lo the financlal statements, including ihe summary ol significant accounting policies set out in note 2. The financial reportlng framework that has bean applied in their preparation is applicable law and Unilod Kingdom Accounllng Standards, including FRS 102 "The Financial Reporting standard appllcable In the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement ol Recommended Pradice applicable to charities preparing their accounts In accordance with FRS 102, In our opinion, when reporting in accordance with a fair presentatlon framework the financial statements.. give a true and fair view of Ihe state of the charity's affairs as at 31 December 2024 and of its surplus for the financlal year then ended., have been properly preparèd In accordance with United Kingdom Generally Accepted Accounting Practlce,. and have been prepared In accordance wllh the requirements of the Companies Act 20Cfj. Bas18 for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) IISAS {UK)) and applicable law. Our rasponsibl1183 under thos& standards are further described in the Auditor's responsibilities for the audit of the financial statemonls Section of our report. We are independent of the charity in sccordanc8 wllh ethlcal requirements that are relevant to our audit of the financial statements In the UK, Including the FRC'S Ethlcal Standard, and w6 have fulfilled our other ethical responsibilities in accordance wlth these requirements. We bellave that thè audit evidence we have obtained is sufficient and appropriate to provide a basls for our opinion. ConcluBlons relatlng to golng concern In auditing Ihe financial statements. we have concluded that thè trustees, uso of the golng conrn basis ol accounting In the preparation of the financi81 statements is 8pproprfal8. Based on Ihe wort< we have performed, we have not identified any materlal unc8rtainties relatlng lo events or conditions that. individually or collectively, may cast significant doubt on the charity's ability to continu8 as a golng concern for a period of at least Iwelve months from th8 date when the finan¢lal sla18m8nts are authorised for Issue. Our responsibllities and the responslbllltlgs of the trustees with respect to golng concem are described In the relgvant sections of this report. othor Informatlon The other infomialion comprises the infomialion Included In the annual report other than the financial statements and our Audilovs Report thereon. The trustees are responsible for the other Information contained withln the annual report, Our oplnlon on the flnanclal statements does not cover the other information and, except to the extent otherwise expllcitly staled In our report, we do not express any form of assurance concluslon thereon. Our responslbllity Is to read the olh8r information and, In doing so, consider whether the other infomialion is materially inconsistent with the financlal statements or our knowledge oblalned In the course of the audlt, or otherwise appears to be materially misslaled. If we Identify such material inconslstencles or apparent materlal misstatements, we are required to delemilne whèther thls gives rise to a material ml$8tatemenl in the financlal slalemenls themselves. If, based on tha work we have perfomied, we conclude that there Is a material misstatement of this other infomallon, we ere requlred to report that fact. We have nothing to report In Ihls regard. Oplnlon on other matter prescrlbod by tho Companles Act 2006 In our opinion, based on the work undertaken in the course of the audlt: the infomiBtion glven In the Trustees, Annual Report for the flnanclal year for which th& financial statements are prepared is consistent with the financlal statemènts., and the Trustees, Annual Report has been prepared in accordance with 8pplicable legal quIreMents. Mattèrs on whlch we are requlred to report by exeeptlon In the light of our knowledge and understanding of the Charity and ils environment obtsined in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report. We have nothing lo report in respect of the following matters where the Companies Act 2006 requires vs to report to you if, in our opinion.. adequate accounting records have not been kept., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of Iruslees, remuneration specified by law are not made., or the trustees were not enlilled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemption in preparing the Tnjstees, Annual Report.
INDEPENDENT AUDITOR'S REPORT to the Members of African Missions Northern Ireland Limited IA Company limited by guarantee, not having a Share capital) Responsibilities of trust¢es for the financial ststements As explained more fully in the Statement of Trustees, Responsibilities set out on page 6. Ihe trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as they delemiino is necessary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ablllty lo continue as a going concern, dlscloslng, as appllcable, matters related to golng concem and using the going concern basis ol accounllng unless management elther Intends to Ilquldale the charlly or lo cease operations, or has no realistic alternative but to do so. Audltor's responslbllltle8 for the audit of the ftnanclal ststgments Our objectives are lo obtain reasonable assurance about whether the financlal statements as a whole are free from material misststemenl, whether due to fraud or error, and to issue an Auditoffs Report that includes our oplnlon. Reasonable assurance Is a hlgh18vel of assurance, but Is not a guarantee that an audit conducted In accordance with ISAS (UK} will always d8t8Ct a materfal mls3lalemenl when it exists. Misstatements can erlse from fraud or error and are considered material if, Indlvldually or In the aggregate, they could reasonably be expected to Influence the economic decisions of usgrs taken on the ba818 of Ih&s& financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulatlons. We design procedures In Ilne with our responsibilities, outlined above, to delect material misstatements In rèspect of irregularities, Includlng fraud. The ext8nl to whlch our procèdur88 are capablè of d8t8Ctlng Irregularities, including fraud Is d8tallÈd below.. Further Informatlon rogardlng the g¢ope ol our responslbllltles a8 audltor AS part of an 8udil in accordance with ISAS IUKI. we exercise profession81 ludg8ment and maintain professional scepticism throughout the audiL We also.. Identlfy 8nd assess the risks of material misstatement of the financlal slatam8nts, whether due to fraud or error, design and perform audit procedures responsive lo those risks, and obtaln audit evidence that is sufficient and appropThate to provide a basls for our opinion. The risk of not detecting a materlal mlsstatement resulting from fraud 15 higher than for one r8sulling from error. as fraud may involve colluslon, forgery, int8ntional omissions. misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audlt In order to design audit procedur8S that ar8 approprlate In the clrcumstgn¢es, but not for th& purpose of expressing an opinion on the effecliven8ss of the harily's internal control. Evaluate th8 approprlateness of accountlng pollcles used and the re8son8bleness of accounllng esllmales and related dlsclosures made by Irustegs. Conclude on Ihe appropriateness of the Ifuslees, use of the golng concern basis of accounting and, basod on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a golng concern, If we conclude that a materlal uncertainty exists, we are required to draw attention in our Audilorfs Report to th& related disclosures in the financlal slalements or, if such disclosures are inadequate, to modify our oplnlon. Our conclusions are based on the audlt evidence obtained up to the dale of our Auditorfs Report. However, future events or conditions may cause the the charity to cease lo continue as a golng concern. Evaluate the overall presenlatlon, structure and Content of th8 financial statements, Including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentstion.
INDEPENDENT AUDITOR'S REPORT to the Members of African Missions Northern Ireland Limited A company Ilmlted by guaranteo. nol havlng a sharo capltall We communi¢ate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Tho purposo of our audlt work and to whom we owo our ro$ponslbllitias This report is made solely to the charity's membors, as a body, In accordance with Chapter 3 of Part 16 of the Companies Act 2008. Our audit work has bean undertaken so that we might slate to the charity's members those mattars w8 are requlr8d to stale lo them In an auditors report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responsibility to anyone other than the charlty and the charity's members as a body, for our audit work, for this report, or for the opinions we hav8 fomiod. Darragh C r (Senlor Ststutory Audltorl for and on behalf of DALY PARK & COMPANY LTD Chartered Accountsnts and R8glsl&r&d Auditors 6 Trevor Hill Newry Co. Down BT34 10N 27 Octobor 2026
African Missions Northern Ireland Limited IA company limited by guaranteg, not havlng a sharg capilall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expenditure Accounti for the financial year ended 31 December 2024 Unrestrlcted Funds 2024 Total Unrestricted Funds Funds 2024 2023 Total Funds 2023 Notes Incomlng Resources Activities for generating funds 708,612 758,612 885,339 665,339 Re8our¢es Expended Charitabla activltles 652,672 652,672 581,650 581,650 Not Incomlngloutgolng resources before transfers 106,940 105,940 103,689 103,689 Gross transfers betsveen funds Net rnovement In funds for the ftnanclal year 103,940 105,940 103,689 103,889 Reconclllatlon of funds: Total funds beginning of the year 11 6,179,494 5,179,494 5,075,805 5,075,805 Total fundg atthe end of tho year 6,285,434 5,285,434 5,179,494 5,179,494 The Statement of FSnancS81 Actlvltles Includes all gains and losses recognised Sn the financial year. All income and expenditure relete to continuing actlvltles. The notes on pages 12 10 15 form part of the financial slalemenls 10
African Missions Northern Ireland Limited IA company Ilrnlted by guaran¢pe, noi havln9 a share capitall Company Number.. N1033371 BALANCE SHEET as al 31 Decembor 2024 2024 2023 Noto$ Flxgd Assots Tangible assets 10,994,539 10,991,393 Curront Assets Dèbltsr5 Cash al bank 8nJ in hand 188,905 57 178,671 56 188,962 178,727 Credltors.. Amgunts fallln9 due wlthln one yoar 15,896,067} 15,99D,6261 Nat Current Llabllltlos 18.709,105) 15,e11,8991 Total Assets ltrss Current Llablllll¢s 5,285,434 5,179,494 Funds G&neral fund lunresincledl 5,285,434 5,179,494 Total funds 11 5,285,434 5,179,494 Thèse financial slalomerils havfy b¢on prepared In occordancè with Ihg spoclol provlsion& relatino to small companiek wlthln Part 15 01 the Companies Acl 2006. Approved by thg Bo&rd of Truglee5 and authorlsed forlssuo on 27 October 2025 and slgTh9d on Ils behalf by Rov Malachy Flanagan Truitee R•v Jurlath Walsh Trustge Tlie n¢;es oo p&ges 12 to 15 form part of the f13ncia'. stalements
African Missions Northern Ireland Limited {A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for Ihe financial year ended 31 December 2024 GENERAL INFORMATION Afrlcan Mlsslons Northem Ireland Limited is a Company limited by guarantee incorporated in Northern Ireland. The registered office of the company is 98 Glen Road, Jerrelspass, Newry, Co. Down, BT34 1RH whlch Is also the principal place of business of the company The financial statements have b88n presented In Pound {£) which Is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applled conslslenlly in dealing with Items which are considered material in relation to the charity's financial statements, Ba8ls of preparatlon The financial statements have been prepared on the golng concern basis under the historical cost convenllon, modified to include certain items at falr value. Tha financial statements have been prepared in accordanca with the Statement of Recommendèd Pracllce {SORP) Accounting and Reporting by Charities preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 As permitted by ihe Companles Act 2006, the charity has varied the standard formats in that act for the Statement of Financial AclivitSes and the Balan¢8 Sheét. Departures from the standard formals are to comply with the requirements of the Charities SORP and are in compliance with sectlon 4.7, 10.6 and 15.2 of that SORP. Statgmont of compllance The financial statements of the charlty for th8 financial year ended 31 Decamb8r 2024 have been prepared on the going concem basis and in accordance wlth the Statement of Recommended Practice ISORPI "Accountlng and Reportlng by Charltles preparing their accounts In accordan with the Financlal Reporting Standard appllcable In the UK and Republic of Irèland FRS 102" Cash flow ststemgnt The charity has availed of the exemption in FRS 102 from the requirement lo produce a cash flow statement bec8use il is classified as a small charfty. Incomlng Resources Voluntary Income or capllal Is Included in the Statement of Flnanclal Activities when the charity is legally entitled lo it, Ils financlal value can be quantified with reasonable certalnty and there is re880nable certainty ol Its ultTmat8 recelpL Entitlement to legacies 1$ considered establlshed when the charity has been notified of a dlstrlbullon to be made by the executors. Income received In advance of due performance under a contract is accounted for as deferred income until earned, Grants for actlvitles are recognised as Income when the related conditions for legal entitlement have been mat. All other income is accounted for on an accruals basis. Tanglble flxad assets and d8preclatlon Tanglble flxed assets ar8 slated at cost or at valuation, less accumulated depreclatlon. The charge to deprecl8tlon Is calculated to write off the original cost or valuallon of tangible fixed assets, less their estimated resldual value, over their expected useful lives as follows.. Land and buildings freehold Plant and machinery Fixtures, fittings and equipmenl 20% Reducing balance 20% Reducing balance Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the the charity from government agencies and other co-fijnders, bul not yet received at year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months noti of withdrawal. Taxation No current or defed taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. 12
continued African Missions Northern Ireland Limited IA company limited by guarantee, not having a share capital} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 INCOME QTHER TRADING ACTIVITIES Unrostrlctod Restrleted Fund8 Funds 2024 2023 Conference Centre Income 758,612 758,612 885,339 EXPENDITURE CHARITABLE ACTIVITIES Dlrect Costs other Costs Support Costs 2024 2023 Governance Costs 652,672 652,672 561,650 NET INCOMING RESOURCES 2024 2023 Net Incomlng Rosources are Btated after charglngl(crgdltlng): Depreclation of tangible as58ls 14,882 14,098 EMPLOYEES AND REMUNERATION Nurnbor of employe08 The average numb8r of persons employed {including executlve trustees) during Ihe flnanclal year was as follow5.. 2024 Number 2023 Number Conference Centro 27 20 The staff costs comprise.. 2024 2023 Wages and salarfes 288,941 242,951 TANG18LE FIXED ASSETS Land and Plant and Flxtures, buildings machlnery fittlngs and freahold equlpment Total Cost At 1 January 2024 Addiuons 10,935,011 36,649 473,212 18,028 11,444,872 18,028 At 31 December 2024 10,935,011 36,649 491,240 11,482,900 Depreclatlon At 1 January 2024 Charge for the financial year 28,118 1,706 425,361 13,176 453,479 14,882 At 31 December 2024 29,824 438,537 468,361 Net book value At 31 Dember 2024 10,935,011 6,825 52,703 10,994,539 At 31 Dernber 2023 10,935,011 8,531 47,851 10,991,393 13
continued African Missions Northern Ireland Limited IA company limited by guarantee. not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 Demkner 2024 DEBTORS 2024 2023 Prepayments and accrued Income 188,905 178,871 CREDITORS Amounts falllng due wlthln one year 2024 2023 Taxatlon and soclal securlty costs Other credltors Accruals and deferred income 19,029 5,140,548 738,490 9,207 5,244,867 738,552 6,898,067 5,990,626 10. RESERVES 2024 2023 At th8 beginning of the year Surplus for the financial year 5,179,494 105,940 5,075,805 103,689 At Ihe end of the year 5,285,434 5,179,494 11. FUNDS 11.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrostrlcted Fund8 Totsl Funds At 1 January 2023 Movement during the ftnanclal year 5,075,805 103,689 5,075.805 103.689 At 31 Dgc8mber 2023 Movement during the financlal year 5,179,494 105,940 5,179,494 105,940 At 31 December 2024 6,285,434 5,285,434 11.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2024 In¢ome Expenditure Transfor8 Balance betsveen 31 December funds 2024 Unrestrlcted funds Unrestricted General 5,179,494 768,812 652,672 5,285,434 Total funds 6,179,494 758,612 652,672 5,285,434 11.3 ANALYSIS OF NET ASSETS BY FUND Flxed assets - charity use Current assets Curront Il#bilitie$ Total Unrestricted general funds 10,994,539 188.962 (5,898,067} 5.285.434 10,994,539 188,962 (5.898,067} 5,285,434 14
continued African Missions Northern Ireland Limited IA company limitod by guarant¢e. not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial yearended 31 ember 2024 12. STATUS The charity is limit8d by guarantee not having a share Capital. The Ilablllty of lh& members is limited. Every member of the company undertakes to conlribute to th8 assets of the company in the event of Its being wound up whlle they are members, or within one year thereafter, for the payment of the debts and Ilablllties ol the company contracted before they ceased lo be members, and the costs, charges and expenses of winding up, and for the adjustment of the rlghts of the contributors among themselves, such amount 85 may be required, not exceedlng £1. 13. POST.BALANCE SHEET EVENTS Th8re have been no significant events affectlng the Charity since the financlal year4nd. 15
FRIC RTHERN IRELAND LIM IA Company Ilmlted by guaranteg, not havlng a 8har• ¢apltall SUPPLEMENTARY INFO Tl ELATIN TO THE FINANCIAL STAT ENT FOR THE FINANCIA ENDED 31 DECEMBE ERED BY THE REPORT OF THE A DIT RS 16
African Missions Northern Ireland Limited (A company limited by guarantee, not having a share capltall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 December 2024 2024 2023 Income Retreat & Conference Centre Income 758,612 665,339 768,612 665,339 Expanses Wages and salaries Light and heat Kitchenware Repairs and m8lntenance Upkeep of Grounds Establlshment - Other Maintenance Fees Printing, postage and stationery Telephone Computer CDsI$ Travelling and entertalnment Accountancy Provisions and Supplles Depreclallon 288,941 91,775 9,665 33,603 14,686 5,980 8,030 2.233 9.423 6,600 1,785 4,935 160,134 14,882 242,951 92,038 6,771 29,753 10,800 3,717 7,496 5,773 6,940 3,120 2.757 5.079 130,359 14,09S 652,672 581.850 Net 6urplu8 105,940 103,689 The supplementary information does not fom part of the audited financial statements 17