CEF of Ireland 199 Teniplemore Avo Belfast BTS 4fR EVANGELISE DISCIPLE ESTABLISH CEF Audited Financial Statements For the year ended 31 March 2024 For Child Evangelism Fellowship of Ireland IA Company Limited by Guarantee) Registered Cornpany Number N1622619 (Northern Ireland) Registered Charity Number (Northern Ireland) 100984 Registered Charity Number (Republic of Ireland) 20201509 Child Evongelism Fellowship of Ireland is ti Compurtylimited by guorontee reglstered In Northern Ireland (N1622619J at the CFF Notional Office, 199 Templemore Avenue, Belfust B T5 4FR.' ts Chority, reglstered with the Charity Commissionfor Northern Irelond (NIC 100984J,' and, with the Choritles Regulutor in the Republic of Ireland (RCN 20201509). Tele.'028 9073 2263,- Emoil hello ce irelond.com" www.ce irelund.com
Cliild Li vAiigelisin lielloiysliii) Ol. Ii'elfind stnlemeiil of Iiin4qiieial Aelivilies foi. tlie yeAI' enilo(131 Mxi'eli 2024 2024 Total riinds 2023 Total funds Unresli'icted tiinds Resti'icled fi)nds Notes INCOML AND NDOWMEI NTS fiROM Donations and legacies 225,118 225,118 247,599 Cliai'itxlTrle activities Ch¢ll'ilable activities Resoui'ce Ce1]t 178,144 250,281 2,034,361 2,212,505 250,281 2,381,546 77.989 -39,417 37,206 39,417 37.206 33,341 18,635 Inveslinenl ii)con)e Totnl 730,166 2,034,361 2,764,527 2,859,110 EXPENDITURE ON Raising fiinds 38 ()1)7 38,997 48,235 Cliai'ilablc Ctivilies 206,298 66,985 65,915 6,374 88,328 168,036 275,704 206,298 66,985 65,915 6,374 88,328 2.572,338 275,704 164,730 63,092 54,377 27,756 83,013 2,118,896 251,388 Selling an(1 Disli'ibulioii stablishinent Financial Depi¢cialion Chai'itable activities Resouire Cenli'es 2,404,302 916,637 2,404,302 3,320,939 2,811,487 NEI T INCOMEI l{EI XPEINDITURE) Tt'ansfci's behvecn fiin(Is (186,471) 4,264 (369,941) (4,264) (556,412) 47,623 19 Net moveineiit in funds (182,207) (374,205) (556.412) 47,623 IILI CONCILIA'I'ION ofi fi UNDS Total funds bi'olight foi'ivai'd 3,476,082 1,404,612 4,880,694 4.833,071 TO'fAL fiUNDS CAIIRIEI D FIORWARD 3,293,875 1,030,407 4,324,282 4,880,694 The noles foi'in part of tliese fii)ai)cial slaleinenls Page21
Cliilil Ei vHngelFSlll fielloivsliii) Of li-elAn(l (ReEiStct'od iiiinibei.: N16226191 Balaiice Sliect 31 Mai'ch 2024 2024 Total fiinds 2023 Total ft]nd5 UIiiEStricted fiinds Resli'icied fiinds Noies IIXCD ASSC<TS Tangible assets 14 3,348,686 3,348,686 3,398,327 CIIRRLI NT ASSL'I'S Slo¢ks Debioi's Inveslnients Cash al bank aiid in Iiaiid 15 16 17 24,302 36,448 429,446 )01,620 22,928 61,781 416,499 1,017,036 17,774 27,853 {71,7831 18,674 401,593 673,403 (1,854) 1,093,670 ,091,816 1,518,244 CREDITORS hoiints falliiig due witliin one yeai. (52,957) (63,263) (116,220) {35,877) NEIT CURREI NT ASSEITS (54.811) 1,030,407 975,596 1,482,367 TOTAL ASSETS LESS CURRENT LIABJLITIE<S 3,293,875 1,030,407 4.324,282 4,880,694 NEI'I. ASSEI TS 3,293,875 1,030,407 4,324,282 4,880,694 FUNDS UniEslI'icted funds Resli'icled Aiiids 19 3,293,875 1,030,407 3,476,082 1,404,612 TOTAL fiUNDS 4,324,282 4,880,694 These liiiancial slalenients have beeii PlEpaied in accoi'diince with the PlDViSions appli¢able lo cliai'itable coinpaiiies subjecl to tlie siiiall con)panies I'eginie. The fii)an ial stalenienls iyere appiDved b), the Boalxl of Trustees and authoi'ised fL)I' issiie and Miel'e sigiied 011 ils belialf b),: on Mi. M CoiJiDy - Ti'usl Miss J Poi'ie Ti'uslee The Iiotes foi'm i)ai'L of these finaiicial slalcinei)Is l)ag¢ 22
Cliilil Ei vnngelisin ficlloivsliip Of li'elAiid Cash Floiy Slnteiiient foi. Ilic yc#i' ¢n(leil 31 fvlml'tli 2024 2024 2023 Notes Cisli Iloivs fi'oni 01)ei'Atiiig Ctiv51ies Cash genei'aled fi'oin opei?tioiis (386,825) 108,086 Net casl) (Iised iii)Ipi'oviiled by opei'aling aclivili&8 {386,825) 108,086 CAsli floiys fi'oni iiivcstlTig iiclivilics Pui'cl)ase of tangible filed ¢1ss#Is lnle1.ebl I'eccived {38,687) 10,096 (112,804) 4,086 Nel ca511 used in inv¢slii)g aclivities {28,591) (108,718) Cliange in CAsh llTid casli o(IiiivalcTIIs ii) (415,416) {632) Cgsli diid ca.%li equivAleiits at 11)e begii)IliTig of11)e i'epofft.ting pci'iod 1,fl17,036 1,017,668 CHsli aiid casli eqiiiv¢iltiils al tlie eiid or Ilie i'epoTr'tiiig pei'io(I 601,620 1,017,036 'riie iioies foiin pai't of these fiiiaiicial slal¥inenis Page 23
Cliild Ei VAngelism ffelloivsliiEI Of li'el¢1nd Notes to Ilie Cnsli Floiv St8temeiil foi. tlie yext. tn(led 31 Mai'cli 2024 REI CONCILIATION ofi NEIT (EXPENDITUREIIINCOTrIE TO NCI'I. CASH fLONV f4ROM OPL< RATING AcfivITIES 2024 2023 Net {txi)eii(liliii'e)liiicoinL foi. Ilie i'epoi-ting pei'io(l {as i)et' tlie Slatenieiit of Fiiniiicial Aetivitios) AdjiislIiieiits fiii.. Depieciation cliai'ges Loss oli disposal of fixed assets Iiiteiesl ieLeived lJni'ecogiiised Igainyioss on inveslnients {Inci'eic se)Ide¢i'¢a5¥ il) stocks De¢i'easellinci'¢ase) in del)loi's Iiicreasel(deci'ease) in LrediloiB (556,412) 47,623 88,328 83,013 2,390 (4,086) 19,318 763 138,754) {2,181) (10,096) (12,947) (1,374) 25,333 80,343 Net eRsli {u5ed in}Ipi'oviiled by 01)erat10115 {386,82S) 108,086 ANALI'SIS or c.HANCEI S IN Yi CIT fiUNDS Al 114f23 Cash floiv At 3113124 Nel casli Cash at hank and iii hand 1,017,036 (415,416) 601,620 1,017,036 (415,416) 601,620 Liqiiid i'csoiIi'¢es Deposils ii)¢luded in casli Ciii'i'enl &s.%el iiivcslii)enls 416,499 12,947 429,44C) 416,499 12,947 429,446 Tol¥LI 1,433,535 (402,469) 1,031,066 The notes foi'm pai't ufih¥%e fiiianci2¢ I slalcinenls Page 24
Cliilil li vangclism Felloiv511ii) Of Ii'elAiid Notes to tlie fiinaJiciAI Slateinents fol. tlie yeai. enileil 31 MAI'cli 2024 STATUTORY INFORMATION Child Evangelisin Felloivship of Ii'elaiid is a pi'ivale compaiiy, liinited by guaiai)tee, I'egistcied ii) Noi'ili¥i'n Ii'elai)d. Tlic comp4iiy's I'egistei'ed numbei. and I'cgislei"ed orrice address cun be found 011 the Compaiiy Infoi'maliun page. The preseniation currency of Ihc financi81 slatemcnls is the Pound Sterling (£). ACCOUNTING POLICIEI S Stiltement of eoiiipliniiee Tlie financial siateineiils of Ihe chai'ilable coinpaiiy, kvl)ieh is a piibli¢ benefit entitr)J iindei. fRS 102, 1)ave l)een piepared iii accordan¢e iviili tlie Chai'ilies SORP IFRS 102) 'Accounling and Repoi'ling by Chai'ities: Sialei))ei)I of Recoiniiien(led PiaLlice applicable lo cl)arilies pi'ei)ai'ii)g Iheii. accounts in a¢eoi'dance with tSie Finaiicial Repoi'ling Siaiidai'd appliLable ii) Ihe UIC and Republic of Ii'eland (FRS 102) leffectiiic l Janiiai'y 2015),, Fiiiancial Repoi'ling Siandaid 102 'Tlie Financial Repoiling Standard applicable in tl)c UK ai)d Republic of Ii'cland, ai)d tlie Con)pa11ies Act 2006 JIRsis of PrepRI'Atiun The fiiiaiicial $18lemei)Is have beeli pi'epaird undei. Il)e hisloi'ical ci)%t eonvciilioi), except for inveslmei)ts ivhich al'e ii)¢luded at Tnai'kel value, Ci'iticnl 1¢ ccountiiig jiTdgeintiil£ Aiid Iiey s0111'¢es of cstiiiialion iineeTr'laiiily In the applicalioii of Ihe compai)y's accoLinling poliLies, Ihe dii'cclois aye ieqiiiied to niakc jvdgement8, eslimales and assun)ptioiis aboul tlie cai'iyii)g aiiioiiiil of ass¢l8 aiid liabilitics that are not readily appai'ei)I fi'om otl)ei' soiii'ces. The estiiiiates ond ic ssocialed assiimptions al'e based upon lii5toi.ical expei'ience and oihcr fa¢toi% that al'e considei'ed lo be I'clevanl. The estimates and iiiidei'lying as.%uinpli0115 ai'c I'¢iii¢wed oil ali oiigoing basis. Revisioll.% to accoiinlii)g csliinales al'e i'ecogiiised in tl)e period iii ivliich tl)c csliniale is i'evised and i¥hei'e the I'evision effects only Ihat pei'iod, oi. in th¢ pei'iod of i-tvision an(1 future pei'iods ivheiE Ilic I'¥vision alfecls boili curiEI)I ttiid futtii'e pci'iods. Ci'itlcll l jiidgeinciits Tl)e folloiving jiidgeiiicnls lapaii fi'oin those involving e51imales) have had tlie Inost significant e(fecl on aTnotinls IEcogiiised iii ilic fiiiaiicial slolei))eiilS. Usefiil Ci coiioiiiic Life of Assets 'I'lie aiiiiiial depiecialion ¢liai'ge foi. tangible fixed assels is s¢iisitive lo clianges in the iisefiil ecoiioinic lives aiid iesidiial V¢ilu¢s of asscls. 1'5ie usefiil ccoiioinic lives aiid I'¢sidiial values at'e ieasses8ed l)i)Iially. Tliey al'e on)ended ivhen neces5<11'y lo I'eflecl cuii'enl estimates, based upon lechnological advancenienl, fi]lui'e inveslnienls, ecoiiomic utilisation and Il)e pliysical eondition of ilie a.8scIs. Iiiconiing I'esoiii'ees All iiicoiiie is ii)cliided li) Ilie Sialeinent of fin8neinl Activiliu wl)ei) the Cliai'ity is enliiled lo Ilie ii)conic and Ihc ai)ioiint can be quai)tified iyiil) I'easoilable (qecuiaLy tiiid Ihci'e is .%iifficieiil cei't<?iiity thi¢ 1 i'eceipl of ihe iiicon)c is coiisideied pi'obable. The followiiig specific policies arc applied lo pai'liculai. calcgories of iiicome'.- Voliiiitai'y incoine incliidiiig donati0118, gifl%, gi'ai)Is ai)d liihe5 that piDvide eoi'e fiiiidii)g oi. are of a genei'al nalui'c ai'¢ a¢couiiled foi. as tlie)p arc ie¢eived oi. IIILI'e is ¢videiice of eiititleimeiil lo the Eift and ils ainouiil can bc mellsuiycl willi sufficient i'elilc bility. Iiivesiinenl income is iiicluded ivhen ieceivable. Page25 coiitiiiued...
Cliil(l vlliigelisiii fi elloivsliip Of Ii'clAnd NolLiS lo tlie fijn?i IICll¢ I St¢ileinciits- coiilinued foi. tlie ycHI' cnde(131 M?I'eli 2024 ACCOUNTENG POI.ICIES- eoiitinue(I liicoiiiiiiE I'esoui'eos Tl)e I'ecogiiilioii of income fi'oin legacies is recogni5ed Ivhen receipt is piY)l)able aiid Ihei'e is tlie ability lo ¢Sliimate iviili 5uffi¢iciil accuiacy the ainounl I'eceival)Ic. Oihei. ii)¢on)e received fi'om tlie sale of publication5 and incoille fi'()m ihe canip cenlres air ii)cliided iii tlie yeai. in ivhicli il is I'eceivable. Resoui'co.s cxpeii(leil Expendiliiie is iecognised 01) ali a¢¢ruals basis 14phcn u liability is incLlI'ied. Exp¢ndiliiiE incliides ai)y VA'I. vliich caiii)ol be ftilly i'ecovcied aiid is I'epoi'lcd as pai'l ol the expendiliiie 10 I41hi¢h it IElates. Expeiidiiui'e is ie¢ogni5ed 01)¢¢ Ihei'e is a legal oi. consli'uctive obligatioii lo Jn#k¥ a payinent to a tl)ii'd i)ai'ty, it is pi'obablc that 5eiileinent ivill be Icquiied aiid Il)e aiiiouiit of Il)e obligation can b¢ nic85u1.ed I'eli<1bly. 'YpenditUTe on Lh1.11a61e aclivit1¢5 con)pi'ises cosls incurred by il)e Charity in delivei'8iice of ils activities and sei'vices foi. ils beneficiai'ies. All c051s ale allocated lo cxpendilure categoi'ie5 fleCtIng Ihe iise of Il)e resoiii'ce. Diyecl costs atti'ibiilable lo a qingle aciivits, al'e 811ocaled lo Ilial a¢livity'. Shai'ed c051S which coi)ti'ibute lo Inui'¢ than one activity aiid suppoit cosls wlii¢l) ale not atti'ibulablc lo a %ingle activity al'e appoi'tioned belwecn Iliese a¢livilies on a basis consislenl will) Ilie use of resoui'ces. Govei'nance costs iiicludc Ih¢se costs iiicuri'ed ii) the goveiiiance of the Charity and its asscls and al'e pi'imarily associated with coi)stiliilional and slaluloiy I'equii'cincnls. Taiigible fixeil as3et5 Taiigibltt fi.xed £issels ait iiiilially iiieasiiird al cost, except foi. fi'eehold pi'apeity ivhich l)a.8 been valued at Ihe open Iiiaykel valuc al Il)c dale of incoi'poi'alion (Maycl) 20181 They al'e subsequei)tly nieasuied É)1 Lost oi. valiiation, iiel of depi'eciation ¢ind inipaiiineiit losses. Histoi'ical cost includes expeiidilui'e Ilial dii'ecily Iti'ibut8ble lo bi'iiiging thc asscl lo Ihe locatioii tsnd condilioi) i)ecessai'y foi. it lo be capable of opei%linE in Ilie i)iaiinei' iiitei)ded by maiiagemei)t. DBpi'e¢ialion is piY)vidcd al Ihe folloiving annu¢il lyles in oi'dei. to Ivi'llc off Ilie cost less e5limaled residiial value ofeach a55el ovei. its estiiiialed iisefiil life. Freehold piDpeity 1.5Vo on cosl Plaiit and 11)acliiiieiy 20 /D 011 Cost FiAtuits and fittings 150/ts on I'ediicing balance Con)pulei' eqiiipineiil 200/0 011 cost Al #£ich balaiice slieel, Ilie cai'iying anioui)t5 Ot tangible a.%%el8 ale IEvicived lo delei'ii)11)e ivhether thei'e is an ii)diealion that Ilios¢ assets have suffeitd ali iinpaii'inei)I loss. Wheie Ilie cali J'iiig V1( lue exceeds Ilie esliinaled I'ecovei'able aii)ouiil (b¥ing Ilie gieatei. of fail. Vciliie less costs lo sell and value-iii-u5cI, an iinpaii'nient Ios5 15 I'ecognised by i¥i'iliiig doivn the <1ssets cash-genei'aling iinils to Ilieii. ie¢ovei'able aiiiount. An iinpairn)eiil loss is IEco£I)ised iiniiiedialely iii Il)e slaleinenl of fiiiuncii£ l ic clivities. Aiiy i-cvei'sal ol a PlEViOUS in)paii'menl is siiiiilai'ly Iccogiiised iininedialcly in Ilie slalcmcnt of financial aclivilies. Slocl(s Stocks 81'e valiied al the loivei. of cost and nel IEalisablc value, 8flei' Inakiiig duc allowance foi. obsolete and sloiv i)ioving ilenis. Eleii)en15 of cost include Ilie pui'chasc priLe of the pi'oduct ai)d fiEighi ¢haiges. Stock is valued on a fii'st in, first out basis, Nel I'ealisable valiie coinpi'ises Ihe actual oi. e51iinaled selling pi'iLe less all fui'iliei. cosls incuri'ed iii Inai'keling, Page 26 Lonliniied,,.
Cliild Cf vAngclisIii fielloivsliii) Ol. Ii'elAn(I Note5 tts t5ie fiiiiRiitinl StxlcmeTlts- coiitiiiiieil foi. the yeRI' ende(131 MAI'clI 2024 ACCOUNTING POI.ICIES- coIilinued I'AXHtion As a chai'ity (Cliai'ity Nui))bei' NIC100984), Child Evaiigelisin Felloiysliii) of IIEland is exempi finn) eoi'poi?lion lax oli ils income and £ains falling wiihiii seclioii 505 of the Taxes Act 1988 os.q256 of the Taxc lion of Cl)ai'geable G¢iiliS Acl 1992 10 the eKtei)t that these al'e ¢lPI)lied to ils eh81'11able objec15. No lax chai'ges have ai'isen in the yeai.. iunil aecoiiiiliiig uiiirs11.i¢led fiiiid.% can be ii.%ed iii accoiylaiice with tl)e chol'itable objeclivcs al Ilie di5cI'elion of Ilie Ii'uslees. Resli'icled fiinds can oiily be iised foi, parliculai. I'esli'icted piii'pose5 lylthin Ihe objecls of the chai'ily. Resli'iclioiis ai'ise when specified by the doiioi. or ivheii fiinds ui'¢ I'aised foi. paiticiilai. resli'icted PLlI'poses. 'uillicr explanil tion of the nalui'e and purpose of eacl) fvnd is ii)cliided in the Iioles lo ihe financial slateineiils. Cfish An(1 c?sh equivaleiit5 Cash al baiik aiid li) hand con)pi'ises cash ai b#nk only, i oi'eigii ciii'reiicios Assets aiid liabilities iii foi'eign CLlI'I'eii¢ies aiE tian%18ted ii)to stei'ling at the i'ales of excliaiige I'iiling al Ilie balance shecl dale. Ti'aiisaclions in foi'eigii ciii'rencics al'e ti'anslaled into sterliiig dl the iale of ¢x¢l)aiige I'uling al Ilie date of ti'ansu¢lion. Exchange diffei'eiices al'e 1c1 keli inlo account in ai'i'iving at Ilic opei'aling Icsuli. Pen5ioii eosls and otliei. post-i'ctii'enierit bL¥nefils Tl)e cliai'itable coi))paiiy operates a dcfiiied conli'ibulion pension scheme. Coi)Ii'ibulioiis payable to Ili¢ Charitable coinpany's pensioii scheme al'e charged lo Il)e Sllc lenient of Fii)anLial ALliviiies in the period to ivhi¢h they I'elale, Inveslments Inveslinei)Is lield as curi'ti)l assc15 air ievalLied aniiiii211y lo Itflect open mai'ket iialiic. Tl)e Statcinenl ur Finaiicial Aciivilies includes the nel gains urid losses ai.i5illE 01) I'evaluations tliroiighoiit the yeai.. iinAiiciAI iiisli'uinenls The uuinpaiiy lias el¢cled to ai)ply the piY)visions of seelinn I I 'Basic Financi¢il Insli'uinenls, and 5eclion 12 'Olhci' Financial Iiisli'llii)eiii Issues, of FRS 102 10 all of its fiiiancial ii)sltumeiitS. Fiiiancial insli'iimenls ale I'ecognised in the ¢oinpil1)y's balance sl)eel when the coinpany becoittes paity lo lh¢ conli'aclii81 PlDViSiOliS of the insli'umeiil. Fiiiftncinl issels. Basic finaneial assets, ii)cludii)g ti'ade ai)(l oil)ei' debioi's and cash ai)d baiik balances al'e iiiiliallji I'ecogiii5ed Ii'ai)saction pi'ice, Iinless Ihe ai'iYi)geiiiei)I coii.stitiiles a fii)ancing 112nsaclioi), Ivhei'e tlie Iiansaclion is Ine11 siii'cd al Il)e pi'esent valu¢ ur riitlllE ieceipls discoui)led at a mai'kel rale ol- intei'esl. Such assets al'e siibseqiiently cai'i'ied al amoitised cost u8111g thc ctTcclive iiilerc511))eihod. Dei'ivalives, ii)cliidii)g foi'ivard excliange coiili'acls, at'e i)ol basic fiiiaiicial ii)sli'uineiils. Dei'ivalives ale inilially I'ecogi)ised Ilt fair Vic liie oli Il)e ddle 1¢ dci'jiicilive coiili'acl is enleied iiito aiid air siibseqiiently ie-measuied ¢21 Ilieii. fail. valiie. Cliaiiges in tl)¢ fail. vaSuc of dei'jiiatives lire I'ecognised iii I1)e pi'ofil aiid loss iii fii)ai)ce costs oi. finai)ce incoine as ai)pi'opi'iale. Inipaii'iiient of fiiiftiici¥il Assols FiiianLial assets, oihei. tliat) those licld ai fail. valiic Ihi'oiigh profil and loss, are assessed foi. iii)paii'inei)t at each IEPOI'lii)g date. Page 27 conlii)Iied...
Cliilil Ei vxrlgeli5l fielloivsliip Of Ii'e11¢ lid
Notes to tlie FiiiaiiciRI SIHtcrtieiit.%- ei)ntinucd
foi, Ilie ye81. ende(131 M¢l1'clI 202LI
ACCOUNTINC POLICIL4S- eoiitiTiucd
Finaii¢ial assets al-e iinpaiiEd ii'l)eii tl)ei'e is objective evideiice Ihal, as a IE5uII of one or evenls Ilial
occui'itd aftei. Ilie iniiial re¢ognilioi) of Ihe financial asset, Ihe esliinated fiitui'e casli floivs l)ave been affecled. If
an asset is ii)11)aiied, tli¥ iinpaii'meiit loss Is the diffci'eiTrcc bclweeii the cai'i'ying aniouiil and Il)e piesent value of
the esliiiiated ca.%li flows discounlcd al Ihe asset's oi'igiiial effective interest I'ale. n)e imp8irmeiit loss is
iecognised iii pi'ofii oi. loss.
If IheiE is a deei'ease in Ihe ill1171e( loss arising fiDm an event occiiyino aftei. the inip
Cliilil Li VilTigelism Fi clloiv8liip or It'elllnil Notes lo the fijii¢iiicial SlatenicT)ts toiitinued foi. tlie yeRI' eiideil 31 Tr1ii'eli 2024 DONATION'S AND LEGACIES 2024 Total funds 2023 Total Uni'esli'icled Re511'iGted Doiialions aiid legacie5 Tithes 90,998 134,120 90,998 134,120 122,828 124,771 225,118 225,118 247,599 OTHER TRADING ACTIVITIES 2024 Total funds 2023 Total funds Uni'esli'icied fuiids Resli'ieled Shop iiicome 39,417 39,417 33,341 INVESTMENT INCOME 2024 Total fiinds 2023 Tolal funds UI)IEslI'icled runds Restricted funds Rents Irceived Unieali5ed gail) ot) inveslii)eiils Deposit accoLint intei'e51 14,163 12,947 10,096 14,163 12,947 10,096 14,549 4,086 37,206 37,206 18,635 INCOME fiROIM CHARII'ADLC ACTIV11'1fiS 2024 2023 Activity Charitable aclivities Resouire CenliES Inconiing I'esoiiices Camp cenli'L inLume 2,212,505 250,281 2,381,546 177,989 2,462,786 2,559,535 Page 29
Cliild C4 vxiigelisii) fielloivsliii) Of li'elAiid Notes to the fiin?i Eieiil StAleineiits- coiitiijiied foi. Ilie yeHI' LK[iil¢d 31 Mai'cli 2024 RAISINC FUNDS Otlicp. ti'#iling.Iclivities 2024 Toial 2023 Tolal fuiid5 Uiii'esli'icled Resli'icled funds Opening stock Piii'chases Closiiig siock Siaff cosls 22,928 26,355 (24,302) 14,016 22,928 26,355 (24,302) 14,016 23,691 36,769 (22,928) 10,703 38,997 38,997 48,235 CIIARITABLfi ACTIVITICI S C()s'rs Suppoit ¢osls (see note 9) Dii'ect Costs Tolals Admiiiisli?tion Selling and Dis11'ibiition Eslablisl)meiit Financial DepiEcialion Cl)ai'it&ble activities Resoui'ce Ceiiti'cs 206,298 66,985 65,915 206,298 66,985 65,915 6,374 88,328 2,572,338 275,704 6,374 88,328 2,552,229 268,882 20,109 6,822 3,248,637 33,305 3,281,942 SUPPORT COSTS Govei'iiance ¢osls Fii)aiice Tolals 6,374 6,374 20,109 6,822 Chcll'ilable aclivilies Resoui'¢e Cenlies 20,109 6,822 13,196 20,109 33,305 10. NEIT INCOMCI{II XPEI NDITURCI) Net iiicoii)ellexpeiidiiui'e) is slaled aftei. chai'gingl(creditii)g)'. 2024 2023 Aiiditoi's, I'einiiiiei?tion D¢pi'eeiatioii owi)ed assets Deficit on disposal of fixed assets 11,760 88,328 11,400 113,1113 2,390 Page 30
ClTrÈl(l vAngeli5111 fielloivsliiii Ol. li'ellliid Notes lo the FiiiAneial Statemeiits- continucil foi- the ye.g1' cii(le(131 Mai'cli 202 TRUSTEEI S, RII MUNEIRATION AND BENEI FITS Theie iveie no Ii'ustees, Iriniiiiei'alion 01- other benefits foi. Ilie year ei)ded 31 Mai'ch 2024 noi. foi. Ihe yeai. ended 31 Mai¢li 2023. Ti'iistee5' exi)enses There wei'e no trustees, expeiises paid loi. the yeai. ended 31 Mairh 2024 1101. foi. the year ended J l Mairli 2023. 12. STAfi r COSTS 2024 2023 WaEes and salaries 8acial secui'ity costs Othei. pei)sion cosls 868,783 56,888 43,785 777,509 59,713 41,069 969,456 878,291 The avei'age Inoiiihly IlLimbei' vf employees duriiig the yeai. was as follows.. 2024 12 2023 10 Head office Resoui'ce Ceiilies Sliop Ficld Workers 28 29 46 45 No employees received cmoluments in excess of £60.000. 13. COMPARATIVES FI OR THE STATEI Mli NT or rINANCIAL ACTIVITILI S Uni'esli'icled Iiinds Resli'icied funds Tolal INCOMI AND ENDOWMENTS f<ROM Doiiatioiis and legacies 247,601 {2) 247,599 CIIAI'iIAble Activilies Chai'ildble activilieg Rc50uI'ce Cenlres 329,041 177,989 2,052,505 2,381,546 177,989 Othei. Ii'ading aclivilies 33,341 18,635 33,341 18,635 TotHI 806,607 2.052,503 2,859,110 I XPCNDITURE ON Raisiiig funds 48,235 48,235 Clini'itable activities Adminisli?lion Selling and Dis11'ibiilion Establishmeiil FinFJncilll 164,730 63,092 54,377 27,756 164,730 63,092 54,377 27,756 Page31 Loi)linued...
Cliild E4 vaiige15511) fielloivsl)ip Of li'clqiid Notes to Ilic Fi iliA TIClI?I StatenieiiÉs- eonlitiue(I foi. Ilic yeiii. ciideil 31 MRI'cli 2024 13. COMPARATIVliS foR THE STATEMENT or rJNANCIAL ACTIVITIES- continiied UJ)iesli'iLled R¢slriLled ruiids nds Total ftjiids Depitciation Chai'itablc activities Resoiii'ce Ceiitirs 83,013 243,963 251,388 83,013 2,118,896 251,388 1,874,933 Total 936,554 1,874,933 2,811,487 NEI T INCOhqLI1ifi XPENDI'I"UIIL} Transfei's behveen funds (129,947) 37,207 177,570 (37,207) 47,623 Net iiiovenieTIt iii fuiids (92.740) 140,363 47,623 RECONCILIATION or FIUNDS Total funds biDught foi'wuiKI 3,568,822 1,264,249 4,833,071 TOTAL fiUNDS CARRIEI D FIORWARD 3,476,082 1,404,612 4,880,694 14. TANGIBLE FIJXEI D ASSETS FixluiES and rittinES rreehold pi'opeity Computer equipmenl Totals COST Al l Api-il 2023 Addilions 3.413,511 173,911 19,531 96,266 19,156 3,683,688 38,687 Al 31 Mai'ch 2024 3,413,511 193,442 115,422 3,722,375 DEI PRECIATION Ai i Api'il 2023 Chaige foi. yeai. 154,622 51,203 84,614 16,684 46,125 20.441 285,361 88,328 At 31 Mat'ch 2024 205,825 101,298 66,566 373,689 NIIT BOOICVALUC Ai 31 M81'cI) 2024 3,207,686 92,144 48,856 3,348,C)86 At 31 Mai'ch 2023 3,258,889 89,297 50,141 3,398,327 -I'lie Ii'uslees coiisidei. Ihal the Nel Book Valiic is Irasonable in I'elalion lo cuirenl values. Included in freel)old piDpei'ly is the Seaviciv c.ainp Ceiiti'e Spoi'15 Hall 81 an esliiiiatcd Nel Book Value of £90,000. The spoi'15 liall is silualed Llobe ti) adjoiiiing laiid kvliich Icqiiires I'einedial ivoi.k5 to pi'eveiit fuiiliei. land slii)page. 'fiie cts.81.8 of I'ciiicdial woi'ks iiicluded iii the opei'atiiig cosls foi. the yeai. to J l Mai-cl) 2024 ond whicli liad be¢ii accn]ed at thc y¢ar end was £62,000. Page 32
Chilil Ei v#ngcli5Jn F¥lloiYsliii) Of li'elaiid Notes to tlit f<iiiAiiiiril StalEinciils- coiiliiiued foi. tl)e yeRI' en(le(131 Mi1'clI 2024 Is. STOCI<S 2024 2023 Stocks 24,302 22,928 The Irplacemenl vulue of stock did iiol diffci. Inatei'iall), fi'oin ils histoi'ical ¢ost. DEI BTORS; AMOUNTS fiALLINC DUE WITHIN ONE YEAR 16. 2024 2023 Tiade dEbtoi's Income tax recoverable VAT 3,660 18,674 24,723 34,416 2,162 480 l)IEpa)Imenls 14,114 36,448 61,781 17. C'URREI NT ASSET INVESTME( NTS 2024 2023 Oihei. invesiments 429,446 416,499 18, CREDITORS.. AMOUNTS fALLING DUL WITHIN ONE YEI All 2024 2023 Trade creditors Social secui'ity and other taxes Accrued e.Ypenscs 12,856 14,026 89,338 6,533 12,623 16,721 116,220 35,877 19. iVIOVlI MEI NT IN f4UNDS Nel Inovenieiil in funds Ti'aiisfeis betivecn funds At 3113124 At 114123 Ujii'csti'ietcd fiiiiils Aceiiinulaled fund PIDpeity Capital Fiiiid Missionai'y Flind Miscellaneous Fund (175,832) 151,203) 69,441 (28,877) 175,832 3,258,889 153,847 63,346 3,207,686 58,336 27,853 (164,952) (6,616) 3,476,082 (186,471) 4,264 3,293,875 Rosti'iele(I fiiiids Misgioiiai'y Fui Local AIEa fiiiid Mis¢ellaiieous Flind 342,843 440,405 C)21,364 147,761 } (25,093) (297,087) (21,581) 20,626 (3,309) 273,501 t135,938 320,968 1,404,C)12 {369,9411 {4,264) 1,030,407 TOTAL fiUNDS 4,880,694 (556,412) 4,324,282 Page 33 conliiiued...
Cliil(l vaiigelisln f4 clloiysliip Of li'elfiii(I Notes to the fi in2iieial Stntcmcnls- eoiiliiiiie(I roi. tlie yeAI' eniled 31 Mai'cli 2024 19. MOVII MLINT IN fiUNDS- coiitinueil Nct Inovement in fiinds, included ii) the above 81'e as folluws: Iiicoining IESOUI'¢es Resoiiires expended Movement in fiinds Uiii'esti'icle(I fiin(Is Accumulated fui)d Pi'opei'ty Capital Fund Missionaiy Fund Miscellaneous Fiind 552,022 {727,854) (51,203) (51,953) (85,627) 1175,832) (51,203) 69,441 {28,877) 121,394 56,750 730,166 (916,637) (186,471) Reslt'ieted funds Missionai'y Fui)d Local Area Fund Misccllai)eous Fiind 685,105 855,275 493,981 {732,866) 1880,368) (791,068) {47,761) (25,093) (297,087) 2,034,36 (2,404,302) 1369,941) TOTAL fuNDS 2,764,527 (3,320,939) (556,412) Coinpxi'Atives foi. movcineT]t iii fiiiiils Nel Inovcinent in funds Ti'ansfeis bettveen funds Ai 114122 3113123 Uni'eslrictcd funds Accuinulaled fui)d Pirpei'ty Capital f1111d Missionai'y Fiind Miscellaneoiis Fiind 51,668 3,265,42C) 237,964 13,764 (200,499) (51,203) 72,173 49,582 148,831 44,666 11 $6,290) 3,258,889 153,847 63,346 3,568,822 (129,947) 37,207 3,476,082 Resti'icleil fun(15 Missioiiai'y Fuiid Local Ai'ea fund M McQuilkeii filiiid Miscellaneous fund 296,155 438,742 260,000 269,352 29,469 (70,924) 17,219 72,587 (260,000) 132,987 342,843 440,405 219,025 621,364 1,264,249 177,570 (.37,207) 1,404,612 TO'fAL FUNDS 4,833,071 47,623 4,880,694 Page 34 Coiiliniied..
Cliil(l Ei vllijgelisiii Fielloivsliip Of lTr'claii(I Notes to the fiin¢?neinl Statemeiit8- coiilinued foi. tlie yeai, eniled 31 M¢ll'eli 2024 19. MOVEI MEN'f IN fiUNDS- coiitinued Conipai'ative Iicl moiien)ent li) fvnds, included in Ihe above al'e J5 follows.. Incoilling IE8OUI'ces Re50111res expei)ded Moveinenl in fvnds ljiii'esti'icteil fuiids Aeciimulated fund Pi'opei'ty Capilul Fuiid Missionai'y Fund Miscellaiieous Fiii)d 477,567 {678,066) 151,20J) (146,310) (60,975) (200,4991 (51,203) 72,573 49,582 218,483 110,557 806,607 (936,554) (129,947) Resti'icted fiinils Missionai'y Fuiid l.ocal Ai'ea Fund Miscellaneoiig Fund 791,925 759,700 500,878 (762,456) (830,624} (281,853) 29,469 (70,924) 219,025 2,052,503 (1,874,933) 177,570 TOTAL FUNDS 2,859,110 {2,811,487) 47,623 ciii'i'enl year 12 months ai)d pi'ioi- yeai. 12 nionihs coii)bii)ed position 15 85 follows.. el moveillenl Ti'8nsfe13 belmieeii funds At 3113tt4 Al 114122 Uiii'esti'ieted fiiiids A¢¢uinulaled fuiid PIDpei'i)' Capital I".iind I issionai'y Fund Misccllaiieoiis fiind 51,668 3,265,426 237,964 13,76LI (376,331) {102,406) 141,614 20,705 324,663 44,666 (321,242) (6,616) 3,207,686 58,336 27,853 3,568.822 {316,418) 41,471 3,293,875 Resli'ieteil flin(15 Missionai'y Fui)d Local Aiea l-.und M McQuilken Fund Miscellaiieoiis Flind 296,155 438,742 260,000 269,352 (18,292) (96,017) (4,362) 93,213 (260,000) 129,678 273,501 35,938 (78,062) 320,968 1,264,249 (192,371) (41,471) 1,030,407 TOTAL fiUNDS 4,833,071 {508,789) 4,324,282 Pa8e 35
Clk51d Ei vaiigelism f<ellD)vsliip Of Ii'cland Notes to 11)e fiinaneial SIAteniei)t5- Colltinued foi. tho yeai, en(leil 31 Mai'eli 2024 19. MOVEI MEI NT IN fi UNDS- coiilii)Iied A ciiiieni yeai. 12 mollihs and pi'ioi. )'eai' 12 months coinbined nei Inovcmeni in funds, included in the ahDve al'e as folloivs.. Incon)ing resouires Resoiiices expei)ded Movei)i¢nt Uni'esti-ietc(I fiilld5 Acciiiiiiilaled fiiiid Pi"opei'ty Capital Fuiid Missioi)ai'y flind Miscellai)eous Fiind 1,029,589 (1,405,920) (102,406} (198,263) (146,602) 1376,331) 1102,406) 141,614 20,705 339,877 167,307 1,536,773 (1,853,191) {316,418) Rtysli'ieteil fujids Mission1( I'y Fund Local A Yea Fiind Miseellaiicous Fund 1,477,030 1,614,975 994,859 (1,495,322) (1,710,992) (1,072,921) (18,292) {96,017) (78,062) 4,086,864 14,279,235) (192,371) TOTAL fiUNDS 5,623,637 (6,132,426) 1508,789) Uni'tsli'ieled Fiinds arc lo l)e used foi. tlie geiiei'AI Ivoi'li of Chilil EIYAiigelisiii f<ello%vsliip of IJ'elAn(l at IIDnie ¢1nd qbi'oad lis folloiys:_ Pt'o )ei't Ci IIAI Account Rcpiesenls the cosl and book valiie ol-land and buildiiigs Aceumiilated fiiin(I Relates lo Ilie ftinds iised lo finaiice tlie coiitinuing riinning aiid cei)Ii'al costs of the l.'elloiv.ship. If a deficit arises, tlie Ii'ustees agiee to Ii'ansfci. Ilie closing deficit from Uiii'estricled Fiinds. Uiidesi nAle riuiid Tlii5 fund I'epi'esei)ts general Inoiiey doiialed lo tlie cliai'ity foi. Ilie woi'k of Child Evangelisiii Fellowsliip. Miscellaneoiis fiuj) This fund I'epresenls money doiiited gei)ei?Ily lo woi'kei'.s and pi'ojects both iii IIEland and ovei'seas foi. the advancemei)t of Cliild Evangelism Felloiirship ivoi'ldwide. RestI'icted fiiii}I1$ 21'e oiily to be u.$eil foi. tlie follo)viiig speeifie piii'poses'.- MissioIiM iuiiils This I'epi'esenls Mi.*8ionai'ies fix)In IiYl8nd ivho serve Gud in Ihe Ivoi'k olchild Evangclisin Fellowsliip ii) Ii'eland and FiiiY)i)e. Loc] 'ea r ii(I Tlie9e fiiiids I'elate lo local ai'eas in Ii'elaiid iised ID sui)poit ihe Ivoi'k cari'icd on aniongsl cliildi'en in tl)ese areas. mi5cellineoiis Fun(1 Thesc funds relate to Inoncy donated specifically foi. woi'k#i's and piY)jects both in Ii'eland aiid ovei-seas ai)d foi. Il)e advanceiiienl of Cliild Evangeli.%ni F•ellowship Woi'ldkiiide. Pdge 36
Cl)jlLI Ei vaT]gtlisni fielloivsliii) Of Ii'elaiid Notes to tlie Iiiiiancial Statemtnts- contiiiue roi. Ilie yec11- ¢nded 31 Tr1ai'cli 2024 20. IiELATE4 D PARTII DISCJ.OSUREI S "rhcjr ivei'e no IElaled pai'ty ti?nsaciion5 foi. the yeai. ended 31 Mui'tyh 2024. Page 37