Child Evangellsin fiello)vship Of Ireland Stateinent of Flnanclal Actlvities foi. the year elided 31 Mai'ch 2023 2023 Total lids 2022 Total funds Uni'esti'icled funds Resti'icted funds Notes INCOME AND ENDOWMENTS FROM Donatioiis ai)d legacies 198,277 198,277 173,155 Charitable actlvltles Adininistralion Chai'itable activities Resoui'ce Cenlres 15,687 2,505,077 68,381 329,041 177,989 2,052,505 2,381,546 177,989 Other ti'ading activities Investment inconie 33,341 18,635 33,341 18,635 36,847 22,074 TotAI 757,283 2,052,505 2,809,788 2,821,221 EXPENDITURE ON Raising ndS 48,235 48,235 52,664 Charitable activities Administration Selliiig 2nd Disti'ibution EslablishmeIit Fin211cial Depreciation Charitable activities Resource Centres 164,731 63,092 54,377 27,756 83,013 843,281 251,388 164,731 63,092 54,377 27,756 83,013 2,069,573 251,388 149,439 51,112 30,256 11,098 58,064 1,758,943 104,010 1,226,292 Total 1.535,873 1,226,292 2,762,165 2,215,586 NET INCOMEI J(EXPENDITURE) Ti'aiisfers behveen funds (778,590) 685,849 826,213 (685,849) 47,623 605,635 19 Net movement ill funds (92,741) 140,364 47,623 605,635 RECONCILIATKON OF FUNDS Total filnds bt-oughl forwai'd 3,568,822 1,264,249 4,833,071 4.227,436 TOTAL FUNDS CARIUED FORWARD 3,476,081 1,404,613 4,880,694 4,833,071 The notes foi'in pai'l of these financial slatenieiits Page 19
Child E( vangelism fiellowship Of Ii'eland (Registei'ed iiuinbei-: N1622619) BAIAn¢e Sheet 31 March 2023 2023 Total funds 2022 Total i)ds Uni'estrieted funds Restricted fiiiids Notes FIXED ASSETS Taiigible assets 14 3,398,327 3,398,327 3,370,926 CURRENT ASSETS Stocks Debtors Investments Cash at bank and in hand 15 16 17 22,928 27,365 22,928 61,781 416,499 1,017,036 23,691 23,027 435,817 1,017,668 34,416 416,499 953,697 63,339 113,632 1,404,612 1,518,244 1,500,203 CREDITORS Amounts falliiig diie within one year 18 (35,877) (35,877) (38,058) NET CURRENT ASSETS 77,755 1,404,612 1,482,367 1,462,145 TOTAL ASSETS LESS CURRENT LIABILITIES 3,476,082 1,404,612 4,880,694 4,833,071 NET ASSETS 3,476,082 1,404,612 4,880,694 4,833,071 FUNDS Urll'eslricled funds Restricted fuiids 19 3,476,082 1,404,612 3,568,822 1,264,249 TOTAL FUNDS 4,880,694 4,833,071 These fii)ancial slalen)ents have been pi'epai'ed in accordance with the provisioiis applicabl¢ to charitable conipaiiies subject lo Ilie sinall conipanies regime. The fin tateinents were approved by the Board of Trustees and authorised foi. issue and were signed on its behalf by: on Mr M Conroy- Tiuste Q(1 (? LD Miss J Poi'te - Trustee The notes foi'i)I pai'l of tliese finaiicial slateinents Page 20
Cliild Evangelisin Fellowsliip Of Ii'eland Cash Flow Statement for the year elided 31 Mai'ch 2023 2023 2022 Notes Cash floivs fi'om operating aetivities Cash generated fi'oIn operations 108,086 698,994 Net cash provided by operating activities 108,086 698,994 Cash floivs froin investing activities Pui'chase of tangible fixed assets Intei'est received (112,804) 4,086 (1,182,898) 2,230 Net cash used in iiivesting activities (108,718) (1,180,668) Change fin cash aiid cash eqllivalelits in the reporting period Cash and cash equivalents at tlie beginniiig of the repoi'ting perlod (632) (481,674) 1,017,668 1,499,342 Cash and cash equivalents at tlie end of the i'eporting period 1,017,036 1,017,668 Tlie notes forin parl of these fiiiaiicial slateiiienls Pi(ge 21
Child E4 vangelisin Felloivshlp Of Ii'eland Notes to the Cash fioiv Statement for the year elided 31 Mai'ch 2023 RECONCILIATION OF NET INCOME TO NEI. CASH FLOW FROM OPEI RATING ACTIVITIES 2023 2022 Net income for tlie i'eporting period (as pei- the Statement of Financial Activities) Adjllstnients foi.: Depi-eciation chai'ges Loss oli disposal of fixed assets Inlei'est I'eceived Uiii'ecognised (gain)Iloss on investments Deci'ease in stocks (Inci-ease)/decrease in debtoi's (Decrease)linci'ease iii ei'editors 47,623 605,635 83,013 2,390 (4,086) 19,318 763 (38,754) {2,181) 59,214 (2,230) (6,884) 5,575 11,104 26,580 Net cash provlded by opei'ations 108,086 698,994 ANALYSIS OF CHANGES IN NET FUNDS Al 114122 Cash flow At 3113123 Net cash Cash at bank and in hand 1,017,668 (632) 1,017,036 1,017,668 (632) 1,017,036 Liquid resources Deposits iiicluded in cash Ciirrent asset investmei)Is 435.817 {19,318) 416,499 435,817 (19,318) 416,499 Total 1,453,485 {19,950) 1,433,535 Tlie notes foi'iii pai't of tlies¢ financial statements Page 22
Cliild Ei vangelisin Fi elloivship Of Ireland Notes to the FinanciAI Statemeilts for the year ended 31 Mal'ch 2023 STATUTORY INFORMATION Child Evangelisin Fellowship of Ireland is a pi'ivate con)pany, liinited by guarantee, registered ii) Noi'tliei'n Ireland. The company's registered nuinbei- and registered office address can be fouiid on the Company Inforinalion page. The pi'esenlation ciiri-ency of the financial statements is the Pound Sterling {£). ACCOUNTING POLICIES Statement of compliance The financial slalemenls of the chai'itable conipany, which is a public benefit entity under FRS 102, have been prepared in accoi-dance with the Cliarities SORP (FRS 102) 'Accounting and Repoi'ting by Cliarities.. Statenient of Recommended Practice applicable to charities prepai'ing theii. accounts in accordaiice with the Financial Reporting Standard applicable in the UK and Repiiblic of Ii-eland (FRS 102) (effective l January 2015),, Fii)aiicial Reporting Standard 102 'The Financial Repoi'ting Standard applicable in the UK and Republic of Irelai)d' and the Companies Act 2006 Basis of Pi'eparatlon The financial statements have been pi'epai'ed undei- the histoi'ical cost convention, except for iiivestinenls wliich are included at market value. Critical accounting judgements and Iiey sources of estimation uncertainty In the application of the company's accounting policies, the directors al'e L'equired to make jiidgemenls, estin)ates and assuinptions abolit the carrying ainoiint of assets and liabilities that al'e not I'eadily appai-ent froni othei. sources. The estiinales and assocsaled assuinptions are based upon histoi'ical experience and other factors that are considered lo be relevant. The estiniates and undei'lyii)g assuinptions are reviewed orl an ongoing basis. Revisions to accounting estiniales are recognised in die pei'iod iii wliicl) the estiinate is revised aiid where the revision effects only that pei'iod, or iii the pei'iod of revision and future periods whei'e the revision affects both current and fiitui'e periods. Critical judgeinents The following judgements {apai-I froni those involving estimates) have had the most significant effect on ai)iounls recognised in the financial stateii)eiils. Useful Economic Life of Assets Tlle annual depi'eciation charge foi. tangible fIxed assets is sen51tive to chaiiges in the usethl economic lives and residual values of assets. The useful economic lives aiid i'¢sidual values are reassessed aiinually. They are an)ended when iiecessary lo reflect cui-rent estiinates, based upon technological advaii¢ement, ft]tui'e investnients, econoniic utilis8tioii and the physical conditlOLI of tlie assets. Inconiing resoui'ces All incoine is included in the Siatenienl of Finaiicial Activities when the Chai-ity is eiititled lo the income and the aiiiount can be quaiitified with i'easonable accui'acy and there is sufficieiit cei-lainty that receipt of the incoine 15 considered pi'obable. The following specific policies are applied lo particular categories of income-_ Voliiiitary income including donations, gifts, gi'ants aiid lithes tliat provide core nd]llg or al'e of a genei'al nature are accouiited foi. as Iliey are I'eceived oi. there is cvidence of entitlenient lo the gift and its ainoiinl cai) be measiii'ed with sufficient i'eliability. Investment iiiconie is included when receivable. Page 23 coiitiiiiied...
Child Evangelism Fellowsliip Of Ireland Notes to the Flnailcial Statements - eontinued for tlie yeaR' ended 31 Mai'ch 2023 ACCOUNTING POLICIEI S- continued liicomlng I'esoui'ces Tlie recognition of incoiiie fi'oin legacies is i'ecognised wheii I'eceipt is probable aiid Ihei'e is the ability to estimate with sufficient accui'2cy the amount i'eceivable. Other ii)come received fj'oin the sale of publications ai)d it)coiiie froin the camp centres al'e included iii the yeai. ii) which il is i'¢ceivable. Resources expended Expenditure is recognised oil an aecivals basis when a liability is incui'red. Expenditure iiicliides any V A T which cannot be fully recovered aiid is i'epoi'ted as parl of the expenditure to which it I'elates. Expenditui'e is recognised oiice tlier¢ is a legal 01- constructive obligation to inake a paynient to a thii'd party, it is probable that settlenient will be required and the amount of the obligation can be measui'ed i'eliably. Expenditui'e on charitable activities eoniprises costs incurred by the Charity iii delivei-ance of its activities and services for ils beneficiaries. All costs are allocated lo expendittire categories reflecting the use of Ilie i-esource. Direct costs attributable to a single activity are allocated to that activity. Shai-ed costs wliich con¢ribLlte to more than one activity and suppoi't costs which are iiol atlribulable to a single activity al'e appoi-lioned between these activities oil a basis consisleiit witli the iise of resoui-ces. Govei'iiance costs include these costs inciirred in the govei'nance of che Chai-ity aiid ils assets aiid are priniarily associated with conslilulional and slattitoiy i'equii'emei)Is. Tangible fixed assets Tangible fixed assets al'e initially ineasut'ed at eosl, except for fi'eehold property which has been valued at the open Inarket value ac tlie dale of incoi'poi'ation (March 2018). They are subsequently Ineasui'ed at cost oi. valuation, net of depi'eciatioii and any impaii'iiient losses. Historical cost includes expenditui'e that is dii'ectly attribiilable to brii)gii)g tlie asset lo the loeation and condition necessary for it to be capable of opei'ating in the mannei. iiitended by management. Depi'e¢ialion is pi'ovided at the following ai]nual i'ales in order to wt'ite off the cost less estiinaled residual value of each asset over ils estimated useful life. Freehold properly 1.50/0 on cost Plant aiid Inachinery 200/0 on cost Fixtui'es and fittings 150/9 on reducing balan¢¢ Computer equipineiit 20 % on cost At each balance sheet, the carrying amounts of tangible assets al'e i'eviewed to determine whethei. there is an indicatioii that those assets have suffei'ed an impairment loss. Where the cai-rying valiie exee¢ds the estimated recoverable aniount (being the greater of fail. value less costs lo scll and value-in-use), ail iinpaii'ineiit loss is I'ecogiiised by wi'lling down the assets cash_generating units to Iheii. recoverable ainounl. Ali impairnient loss is recognised iiwnediately in the slalement of financial activities. Any revei'sal of a previous iinpairm¢nt is siniilarly recogiiised inimediately in the slalenieiil of financial activities. Stocks Stocks al-e valued at the lower of cost and net realisable value, aftei. Inaking due allowaiice foi. obsolete ai)d slow moving iteins. Elements of cost include the purcliase price of the product and fi-eight chai'ges. Stock is valued ot] a first in, first out basis. Page 24 conliiiued..
Child F.vaiigelisi)i Fellowship Of li'elaiid Notes to the f< iiiaiicial StAtements - eontiiiued foi, tlie yegr ended 31 Mai'ch 2023 ACCOUNTING POLICIEI S- contillued Stocks Net realisable value eompi-ises the actual oi. estimated selling price less all fiii'lhei. costs incurred in marketiiig, selling and dists-ibution. Taxatlon As a charity (Charity Nuinbei. NIC100984), Child Evangelisim Fellowship of Ireland is exempc from corporation lax on its inconie and gains falling within s¢ctioii 505 of the Taxes Act 1988 os s256 of the Taxatioii of Chai'geable Gains Act 1992 10 the extent that these al'e applied to its charitable objects. No tax ch81.ges have arisen in the yeai.. Fund accounting Unresti'icled funds can be used in accoi'dance witli the charitable objeclives at the discretion of the trustees. Resti-icted funds can oiily be iised foi. parliculai. I'esti'icled purposes wtthin the objects of the cliarity. Restrictions arise when specified by the donoi. oi. when funds al'e raised foi. pai'ticular r¢sti'icted purposes. Furthei. explaiiation of the natui'e and purpose of each fund is included in Ilie notes lo the fii)ancial statemeiils. Cash and cash equivalents Cash al bank and in haiid comprises cash at bank only. Foi'elgn cui'rencies Assets and liabilities in foi-eign currencies are translated into sterling at the rates of exchange iiiling at the balance sheet date. Ti'ansactions in foreign eiiiTencies at'e translated into slei'ling 81 Ilie rale of exchange ruling al the date of transaction. Exchange diffei'ences al'e taken iiito account in ai'riving at the operating i'esiilt. Pension costs and otlier post-retiren)ent benefits The chai'itable conip2ny opei'ates a defined conli'ibution pension scheme. Contributions payable to t]ie chai'itable company's pension scheme are chai'ged to the Siaceinent of Financial Activities in the pei'iod lo which they i'elale. Investments liivestments held as cui'i'ent assets al'e revalued annually lo reflect open market value. The Slaleinenl of Financial Activities includes the net gaiiis and losses arising on i-evaluatioiis Ihroughoiit Ilie yeai-. Financial iiisti'uments The company has elected to apply the provisions of section I I 'Basic Financial Instruinents, and section 12 'Oiher Financial Iiislrumenl Issues, of FRS 102 to all of its financial instrunients. Financial instrunients are i'eeognised in the conipany's balaiice sheet when the company beconies pai'ly lo the contractual provisions of the insti'iiinent. Financial assets. Basic financial assets, includiiig ti'ade aiid othei. debtoi's and cash at)d bal balances are initially i-ecogi)ised at IraI)saclion price, iiiiless the arrangemeiil constitutes a fInancing ti'ansaction, wlicre the ts'ansaclion is ineasui'ed at the present value of fiittii'e i'¢¢eipls discounted at a mai'kel i'ale of inlei-est. Such assets are subsequently catTied at amorlised cost using Ilie effective intei'est Iiieihod. Dei'ivalives, includiiig foi'ward exchange conli'acls, are not basic financial ii)slrumenls. Derivatives al-e initially recognised at fail. valiie on tl)e date a dei-ivative conti'act is eiitei'ed into aiid al'e subsequently i'e-lmeasui'cd at their fail- value. Clianges iii the fail- value of derivatives are I'ecogiiised in the pi'ofil and loss in fiiiance costs oi. Iiiiaiiee income as appropi'iale. Page 25 continued..
Cliild Evangelism Fellowship Of Ireland Iyotes to the Financlal Statements - eontinlled foi. the year ended 31 Mai'ch 2023 ACCOUNTING POLICIEI S - contiiiued Financial instruinents Impaii'ment of finaneial assets Fii)ancial assets, other than those held at fail. v21iie througli profit and loss, are assessed foi. impaii'menl at each repoi'ting dale. Financial assets are iinpaii'ed when Ihei'e is objective evidence that, as a result of one or more events that occui'i'ed aftei. the initial i'ecognitioii of the finaiicial asset, the estimated futut'e cash flows have been affected. If an asset is impaii'ed, the iinp2ii'in¢iit loss is the diffei'ence between the cai"i'ying anioiint and the present value of the estimalcd cash flows discounted at tl)e asset's original effective inteL'est race. The impairment loss is I'¢cognised in profit oi. loss. If there is a deci'ease Én the iinpairnient loss ai'ising froiii an event occuring aftei. the iinpaiin]ent was i-ecognised, the impaii'iiient is i'eversed. The i'eversal is such that the curi'ent cari'ying amount does not exceed what the cariying amount woiild have been, liad the iinpairment not pi'eviously beeii recognised. The impaii-ment revei'sal is i'ecognised iii profil or loss. Derecognition of financial assels Financial assets are dereeognised only when the eonlratttual rtghis to cash flows fi'om the asset expii'e or are settled, or when the coinpany Ii'ai)sfers the financial asset aiid substantially all thc risks and rewards of ownei'ship to another entity, or if soiiie of the i'isks and rewai'ds of own¢rship al'e retained but control of the asset has traiisferred to anothei. party that is able lo sell the asset in its entirety lo an unrelated Iliird party. FlngnciAI liabilities Basic financial liabilities, iiicluding ti?de and other creditors and bank loans and overdi'afts, are initially recognised at traiisaction price, unless the ai'rangemeiit constitutes a financing transaction, where the transaction is measured at the present valiie of tll1-e receipts discounted a¢ a mai'ket rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. Debt instiuineiits are subsequently carried al amoi-lised cost, Iising the effective interest l'ate metliod. Trade ci'editors are obligatioiis lo pay foi. goods oi. serviccs that have been acquii'ed in the oi'diiiaiy course of busiiiess fi'oiii suppliei-s. Ainounts payable are classified as cui'i'ent liabilities if payineiil is due within one year 01- less. If not, they are preseiiled as non-curi'eiit liabilities. Trad¢ crediloi's are initially Lecognised at transaction price 2nd subsequeiitly measured at ainoi'tised Cost using the effective interest Inethod. Derecognitioii of l]nanclal liabilities Finaiicial liabilities are derecognised when the coinpany's contractual obligatioi)s expire or are dischai'ged or cancelled. Golng Concern Ai the time of approviiig the financial statements tlie Iruslees have a reasonable expectation that the charity has adequate resoui-ces to concinue ii) operalioiial existeiice for the foi'eseeable futui'e. Thus Il)e Irlislees continue to adopt the going concei'n basis of accountiiig in pi-eparii)g Ilie financial statements. Page 26 conliiiiied...
Child 14 vangelfism Felloivshlp Of Ii'eland Notes to the Financial Statenients - coiitliiued for the year ejided 31 Mai'ch 2023 DONATIONS AND LEGACIES 2023 Total fiinds 2022 Total nds Uiii-estricted fill)ds Restricted fuiids Donations and legacies Tithes 73,506 124,771 73,506 124,771 46,285 126,870 198,277 198,277 173,155 OTHER TRADING ACTIVITIES 2023 Total fiinds 2022 Total nds Uni'estricled funds Restricted lids Shop inconie 33,341 33,341 36,847 INVESTMEI NT INCOME 2023 Total funds 2022 Total funds ulestriCted funds Restricted funds Rents i'eceived Uiii'ealised gaiii on investinents Deposit account intei'est 14,549 14,549 12,960 6,884 2,230 4,086 4,086 18,635 18,635 22,074 INCOME FROM CHARITABLE ACTIVITIES 2023 2022 Activity Administi'ation Charitable activities Resource Cenli'es Resoui'ce Ceiits'es Graiits Incoming resoui'ces Cami) cenli'e incoine Gi?nls 15,687 2,505,077 53,022 15,359 2,381,546 177,989 2,559,535 2,589,145 Page 27 continucd...
Child vangellsm Felloivship Of li'elaiid Notes to the Flnancial StatemeIits - eontinued for the ye21. ended 31 Mai'cli 2023 RAISING FUNDS Otliei. trading activities 2023 To¢al funds 2022 Total nds Um-estricted funds Restricted funds Opening stock Pui-chases Closing stock Staff costs 23,691 36,769 {22,928) 10,703 23,691 36,769 {22,928) 10,703 29,266 28,467 {23,691) 18,622 48,235 48,235 52,664 CHAIUTABLE ACTIVITIES COSTS Support costs (see note 9) Dii'ecl Costs Totals Adn]inistration Selling and Disli'ibution Establishment Finaiicial Depreciation Charitable activities Resoiirce Centi'es 164,731 63,092 54,377 164,731 63,092 54,377 27,756 83,013 2,069,573 251,388 27,756 83,013 2,043,595 249,140 25,978 2,248 2,657,948 55,982 2,713,930 SUPPORT COSTS Govei'nance costs Finaiice Totals Financial Chai'ilable activilics Resoiii-ce Cenlres 27,756 27,756 25,978 2,248 25,978 2,248 30,004 25,978 55,982 Page 28 conliniied...
Child Evangellsm Felloiv5hip Of li-eland Notes to the Finaiicial Statements - coiitinued for the yeai. ended 31 Mai'ch 2023 io. NET INCOMEI(EXPENDITURE) Net income/(expenditui'e) is slated aftei. chai'ging/(crediting)'. 2023 2022 Auditors, i-emuneration Depreciation ~ owtied assets Deficit oil disposal of fixed assets 11,400 83,013 2,390 9,500 59,214 ii. TRUSTEES, REMUNEI RATION AND BEIYEFITS There were i)0 tsiislees, reniiinei-ation or othei- benefits for the year elided 31 Marcl) 2023 noi. foi. tlie yeai. ended 31 March 2022. Trustees, expejises There weiE 110 trustees, expenses paid for the year elided 31 March 2023 noi. for the year ended 31 Mxrch 2022. 12. STAFF COSTS 2023 2022 Wages and salai'ies Social seeui'ity costs Othei. pension costs 777,510 59,713 41,069 701,887 43,800 37,880 878,292 783,567 The avei'age monthly numbei. of employees dui'ii)g the year was as follows: 2023 10 2022 12 Head olee Resoui'ce Cenlres Shop Field Workei's 29 24 45 41 No employees I'eceived emoluments in excess of £60,000. Page 29 conliniied...
Child Evangellsni f4 ellowsliip Of li-eland Notes to the f< iiiancial Statemeiits - continued for the year ended 31 Mai-ch 2023 13. COMPARATIVES FOR THE STATEMENT or filNANCIAL ACTIVITllI S Um-esli'icted fui)ds Resti'icted funds Total nds INCOME AND II NDOWMENTS FROM Doiialions and legacies 173,155 173,155 Chai-itable activities Adininisli?tion Charitable aetivities Resource Centi'es 15,687 321,846 68,381 15,687 2,505,077 68,381 2,183,231 Other Érading activities Investment incoiiie 36,847 22,074 36,847 22,074 Total 637,990 2,183,231 2,821,221 EXPENDITURE ON Raisii)g fuiids 52,664 52,664 Charitable activities Administration Selling and Distribution Establislm]ent Finaiicial Depreciation Cliarilable activities Resource Cenlres 149,439 51,112 30,256 11,098 58,064 600,723 104,010 149,439 51,112 30,256 11,098 58,064 fi,758,943 104,010 1,158,220 Total 1,057,366 1,158,220 2,215,586 NET INCOMEI(EXPENDITURE) Tl'ansfers behveeii funds (419,376) 1,652,361 1,025,011 (1,652,361) 605,635 Net Inovement in funds 1,232,985 (627,350) 605,635 RECONCILIATION OF FUNDS Total fw]ds bi'ought foNiai'd 2,335,837 1,891,599 4,227,436 TOTAL FUNDS CARRIED FORWARD 3,568,822 1,264,249 4,833,071 Page 30 coiitinued...
Child Evangelism Fellowship Of li'eland Notes to the ji)ai)eial Statements - continued foi. the yeai. eiideil 31 Mai'ch 2023 14. TANGIBLE FIXEI D ASSETS Fixtui'es and fillings Freeliold propei'ty Coniputei. equipment Totals COST At l April 2022 Additions Disposals 3,368,845 44,666 140,123 52,85 (19,063) 81,751 15,287 {772) 3,590,719 112,804 (19,835) At 31 Mai'ch 2023 3,413,511 173,911 96,266 3,683,688 DE4 PRECIATION At l April 2022 Charge for yeai- Eliniinated oli disposal 103,419 5L,203 86,086 15,201 (16,673) 30,288 16,609 (772) 219,793 83,013 (17,445) At 31 Mai'ch 2023 154,622 84,614 46,125 285,361 NET BOOIC VALUE At 31 Mai'ch 2023 3,258,889 89,297 50,141 3,398,327 At 31 Mai'ch 2022 3,265,426 54,037 51,463 3,370,926 The ti'ust¢¢s consider that the Net Book Value is reasonable in i'elalion to ciirrent values. 15. STOCKS 2023 2022 Stocks 22,928 23,691 The i'eplacement value of stock did not diffei. materially from its hisloi'ical cost. 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Ti'ade debtoi's Income lax i'ecovel'able Genei'al loans VAT Pi'epayments 24,723 34,416 1,586 17,755 100 3,211 375 2,162 480 61,78L 23,027 P28e31 coi)linued...
Child Evangelisni Felloivship Of Ii'eland Notes to the Fiiiancial Statements - continued foi- the year ended 31 March 2023 17. CURRENT ASSEI T INVESTMENTS 2023 2022 Othei. ii)vestinents 416,499 435,817 18. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditoi's Social security and olhei. taxes Staff Peiisions Creditor Accnied expei)ses 6,533 12,623 8,619 0,503 4,386 14,550 16,721 35,877 38,058 19. MOVEMENT IN FUNDS Nel movement in funds Transfei's between funds At 3113123 Ai 114122 Unrestrlcted funds Acciimulaled fund Property Capital Fund Missionary Fund Miscellaneous Flind 51,668 3,265,426 237,964 13,764 (869,914) (51,203) 72,173 70,355 818,246 44,666 (156,290) (20,773) 3,258,889 153,847 63,346 3,568,822 (778,589) 685,849 3,476,082 Restrlcted funds Missionary Fund Local Area Fund M McQiiilkeii Flind Miscellaneous Fund 296,155 438,742 260,000 269,352 242,209 364,978 (195,521) (363,315) (260,000) 132,987 342,843 440,405 219,025 621,364 1,264,249 826,212 (685,849) 1,404,612 TOTAL FUNDS 4,833,071 47,623 4,880,694 Page 32 continued...
Child Evangelism Fellowsliip Of Ireland Notes to the Financlal Statements coiitinued for the year ended 31 Marcli 2023 19. MOVEI MENT IN FUNDS - continueij Net niovenient iii fuiids, included in the above are as follows.. Incoining I'esoui'ces Resources expeiided Movement in fuiids Ulii'estricted funds Accumulated nd Propei-ty Capital Fund Missioiiary Fund Miscellaiieous Flind 428,242 (1,298,156) (51,203) {146,310) (40,203) (869,914) (51,203) 72,173 70,355 218,483 110,558 757,283 {1,535,872) (778,589) Restricted funds Missionai'y Fuiid Loeal Area Fuiid Miscellaneous Fund 791,927 759,700 500,878 (549,718) (394,722) (281,853) 242,209 364,978 219,025 2,052,505 (1,226,293) 826,212 TOTAL fiUNDS 2,809,788 (2,762,165) 47,623 CompAI'atives foi. movement in funds Net movement in funds Transfers between ft]iids At 3113122 Ai 114121 Unrestricted funds Accumulated fiind Property Capital Fund Missionary Fund Miscellaneous Fund {693,172) (34,420) 301,666 6,550 744,841 1,074,189 (166,669) 51,669 3,265,425 237,964 13,764 2,225,656 102,967 7,214 2,335,837 (419,376) 1,652,361 3,568,822 Resti'lcted fullds Missionary Fund Local Area Fund M McQuilkeii Fund Miscellaneous Fiiiid 271,382 430,008 260,000 930,209 8,577 319,789 16,195 (311,055) 296,154 438,742 260,000 269,353 696,645 (1,357,501) 1,891,599 1,025,011 (1,652,361) 1,264,249 TOTAL FUNDS 4,227,436 605,635 4,833,071 Page 33 contiiiued...
Cliild li iiangelism Felloivsliip Of Ireland Notes to the Financial Stateinents - continued foi. tlie year elided 31 Mai'ch 2023 19. MOVEMENT IN FUNDS- contliiued Cornparative net movement in fiinds, included in the above are as follows: Incomiiig resOlCeS Resources expendcd Moveinent in fuiids Unresti'icted funds Accumulated Property Capital Fund Missionary Fuiid Miscellaneous Fund 316,144 (1,009,316) (34,420} (13,630) (693,172) (34,420) 301,666 6,550 315,296 6,550 637,990 (1,057,366) (419,376) Restricted funds Missionary Fund Local Area Fund Miscellaii¢ous Fund 632,895 722,419 827,917 (624,318) (402,630) (131,272) 8,577 319,789 696,645 2,183,231 (1,158,220) 1,025,011 TOTAL FUNDS 2,821,221 (2,215,586) 605,635 A current year 12 months and pi'ioi. year 12 months coinbined position is as follows: Net movement iii funds Transfers betweeii fiinds At 3113123 Ai 114121 Unresti'icted fuiids Accuniulaled ft]iid Property Capital Fund Missionaiy Flind Miscellaneous Fund (1,563,086) (85,623) 373,839 76,905 1,563,087 1,118,855 (322,959) (20,773) 2,225,656 102,967 7,214 3,258,888 153,847 63,346 2,335,837 (1,197,965) 2,338,210 3,476,082 Resti'lcted funds Missionary Fund Local Area Fund M McQuilk¢i) Fuiid Miscellaneous Fui)d 271,382 430,008 260,000 930,209 250,786 684,767 (179,326) (674,370) {260,000) (1,224,514) 342,842 440,405 915,670 621,365 1,891,599 1,851,223 {2,338,210) 1,404,612 TOTAL FUNDS 4,227,436 653,258 4,880,694 Page 34 coiitiiiued.
Chlld Evaiigelisni Felloivsliip Of Ii'eland Notes to the Financial Statements - coiitinued foi. the yeai. ended 31 March 2023 19. MOVEMENT IN FUNDS - coiitinued A current year 12 months and prior year 12 months combined net n)ovement in funds, iiicluded in the above are as follows.. Incoining resoui'ces Resources expended Moveinent in funds Unresti'icted funds Accumulated fund Property Capilal Fund Missionaiy Fuiid Miscellaiieoiis Fiind 744,386 (2,307,472) (1,563,086) (85,623) (85,623) (159,940) 373,839 {40,203) 76,905 533,779 117,108 1,395,273 (2,593,238} (1,197,965) Restricted funds Missionary Fund Local Area Fiind Miscellaneous Fund 1,424,822 1,482,119 1,328,795 (1,174,036) {797,352) {413,125) 250,786 684,767 915,670 4,235,736 (2,384,513) 1,851,223 TOTAL FUNDS 5,631,009 (4,977,751) 653,258 Unrestricted Funds are to be used for the general iyork of Chlld Evangelism Fellowship of ll'eland at home and abroad as folloivs:. Pro ital Account Represei)Is the cost and book value of18nd and buildings Accumulated Fuiid Relates lo the ndS used lo fii)ance the contii)uing iunning and ceiiti'al costs of the Fellowship. If a deficit arises, the Iruslees agi'ee to transfer the closing deficit froin Unrestricted Funds. Undesi nated Fund This fuiid repr¢s¢nls geiiei'al money donated to the chai'ity for Ilie work of Child Evangelism Fellowship. Miscellaneous Fuiid This fund repi-esenls nioney donated genei'ally to workei's and projects both in Ireland and overseas foi. Ilie advancement of Child Evangelisiii Fellowship worldwide. Restricted Funds are only to be used for the following specific pui'poses:_ Missionai. Fuiids This I'epresenls Missioiiaries from Ii'eland wlio sei've God in the work of Child Evangelism F¢llowsl)ip ii) li'eland and E.Ope. Local Area Fund These ndS relate to local ai'eas in li'elaiid used to suppoi't the work cai'ried on amongst cliildren in thes¢ ai'eas. Mmc uillcen Fund This relates to a donation given by the McQuillcen faillily to be used for the woi'k of Cliild Evaiigelisni Fellowship in Ii'elaiid. Miscellaiieous Fuiid Tliese funds I'elate to Inoiiey donated specifically for woi'kei's and projects both iii Ireland and overseas and foi. the advaiicenient of Cl)ild Evangelisiii fellowship Woi'ldwide. Page 35 conliiiiied..
Chlld Evxiigelisni Fi elloivshlp Of li'elaiid Notes to tlie Flnaiicial Statements - coiitinued for the yeai. ende(131 March 2023 20. RELATED PARTY DISCLOSURES There were no I'elated party transactioiis foi. the year ended 31 Mat'ch 2023. Page 36