CEF of Ireland 199 Templemore Ave Belfast BT6 4fR EVANGELISE DISCIPLE ESTABLISH CEF Audited Financial Statements For the year ended 31 March 2025 For Child Evangelism Fellowship of Ireland (A Company Limited by Guarantee) Registered Company Number N1622619 (Northern Ireland) Registered Charity Number (Northern Ireland) 100984 Registered Charity Number (Republic of Ireland) 20201509 Child Evongelism Fellowship of Ireland is a Company limited by gutirantee registered in Northern Irelond IN1622619J ot the CEF Nationnl Office, 199 Templemore Avenue, Belfast B T5 4FR.' a Chority, registered with the Chority Commission fo Northern Ireland (NIC 100984),. ond, with the Charitie5 Regulator in the Republic of Ireland (RCN 20201509J. Tele.'028 9073 2263,- Emall hello ce ireland.com" www.ce irelond.com
Cliil(I Ci vAngelism Felloivship Of Irelaiid Statenient of FiJiAllcAiÉ l Activities foi, the yeai. eiide(131 Marcli 2025 2025 Total fiiiid5 2024 Total funds Unrestricted fiinds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 185,757 185,757 225,118 Charitable activities Charilable c2clivities Resource Cenli'es 196,461 259,769 2.142.753 2,339,214 259,769 2,212,505 250,281 Other trading activities Ei)vestmeiil iiicome 43,452 35,822 43,452 35,822 39,417 37,206 Total 721,261 2,142,753 2,864,014 2,764,527 EXPENDITURE ON Raising funds 40,208 40,208 38,997 ChAI'itAble activities Adinii)islration Selling and Distributioii Establisliinenl Fiiiancial Depreciation Cliarilable activities Resoui'ce Cenli'es 226,967 56,156 51.138 11,910 92,047 20,643 311,584 226,967 56,156 51,138 11,910 92,047 2,409,385 311,584 206,298 66,985 65,915 6,374 88,328 2.572,338 275,704 2,388,742 Total 810,653 2,388,742 3,199,395 3,320,939 NET INCOMEI(EXPENDITURE) (89,392) 77,127 (245,989 } (77,127) (335,381) (556,412} Ti'ansfei-s b¢tiveen fiiiiils 19 Net movement iii fuiid5 (12,265) (323,116) (335,381) (556,412) RECONCILIATION or riUNDS Total funds brought foi'wai'd 3,293.875 1,030,407 4,324,282 4,880,694 TOTAL FUNDS CARRIED FORWARD 3,281.610 707,291 3,988,901 4,324,282 The notes form part of these financial stalenieiits Page 22
Cliilcl EvaJ)gelism fielloiy511ip or Ii'elanil (Registered iiumbei.: N1622619) Balaiice Slieet 31 Mai'cli 2025 2025 Total fund5 2024 Total funds Uni'esti'icled funds Reslricled funds Notes FIXED ASSETS Tai)gible assets 14 3,320,323 3,320,323 3,348,686 CURRCI NT ASSETS Stocks Debioi's Inveslimenls Cash at bank and in haiid 55 16 17 23,022 6,016 23,022 20,274 432,783 498,166 24,302 36,448 429,446 601,620 14,258 432,783 520,249 (22,083) 6,955 967,290 974,245 1,091,816 CREDITORS Amounts fallii)g diie wiihiii one year 18 (45,667) (260,000) (305,667) (116,220) NET CURRII NT ASSETS (38,712) 707,290 668,578 975,596 TOTAL ASSE<TS LESS CURRENT LIABILITICI S 3,281,611 707,290 3,988,901 4,324,282 NET ASSETS 3,281,611 707,290 3,988,901 4,324,282 19 Unresti'icted funds Restricted fLiiids 3,281,611 707,290 3,293,875 1,030,407 TOTAL FUNDS 3,988,901 4,324,282 These fiiiancial staleiiienls have beeii pi'epared in accordance willi the PlDvisions applicable lo charitable compai)ies subject lo Ilie small coiiipai)ies reginie. ancial slateinei)ts were approved by the Board of Ti'ustees and aiithorised foi. issue and were signed on its behalf by- 01) Mr M Coi)roy - Trustee Miss J Poi'le - Trustee T]ie notes form part of these financial stalenieiils Page 23
Child Evangelism fielloivship Of Irelancl Casli fi loiv Statemeiit for tlie year eii(led 31 Mai'ch 2025 2025 2024 Note5 Cash floivs fi'om opei'ating activities Casl) geiieraled froin operatioi)s (66,733) (386,825) Net casli iised in opei'aliiig activities (66,733) (386,825) Cash floivs from iiivesting activities Purcliase of tangible fixed assets Intei'est received (52,911) 16,190 (38,687) 10,096 Net cash used in investing activities (36,721 } (28,591) ChAiige in cash aiid cash equivxleiils iii tlie repoi'ting i)eriod Cash aiid cash eqiiivalents at the beginning of the I'epoi-tiiig perio(1 (103,454) (415,416) 601,620 1,017,036 Cash Aiid cash equivalents At the eiid of the Itporling pei'iod 498,166 601,620 The notes foi'iii pHIt of these financial slalements Page 24
Child EvAngelism Felloivship Of li'elan(I Notes to the Cash fi loiv Statement fol. tlie yeai. en(led 31 Mai'ch 2025 Rl<CONCILIATION OF NET EXPENDITURE TO NEIT CASH FLOW fROM OPERATING ACTIVITIES 2025 2024 Net expei)(litiii'e foi. the I'epoi'ling i)ei'ioil (as pei. the Stli temeiit of FiiiAiieiAI Activities) Adjiistmeiils foi.: Depi'eciation cliarges Interest received Uiii'ecognised {gaii)yloss on investments Decreasel(inci'ease) in stocks Decrease iii debtoi's Increase iii creditoi's (335,381 } (556,412) 92,047 (16,190) {3,339) 1,280 16,174 178,676 88,328 (10,096) (12,9471 (1,374) 25,333 80,343 Net cash iised iii opei'at10115 (66,733) (386,825) ANALYSIS OF CHANGES IN NET FUNDS At 114124 Casli flow At 3113125 Net C85h Casl) at bank aiid iii hand 601,620 (103,454) 498,166 601,620 (103,454) 498,166 Liquicl i-esoiii'ees Deposits iiicluded in casli CutTent asset investinents 429,446 3.337 432,783 429,446 3,337 432,783 Total 1,031,066 (100,117) 930,949 The notes forin pait of these fiiiancial stateinei)Is Page 25
Cliild Evaiigelism fiellojvsliip Of li'elond Notes to the fiinAiiciAI Statements foi. tlie year ende(131 MAI'ch 2025 STATUTORY INFORMATION Cliild Evaiigelism Fellowsliip of Ii'eland is a private company, liniited by guaraiilee, I'egislered in Noi'ihei'n Ireland. The coinpaiiy's I'egistei'ed iiuiiiber and registei'ed office address can be fouiid 01) the Coinpany Infoi-malioi) page. Tl)e pre5eiilalion CLlI'rency of the fiiiai)cial slatenienls is Il)e Poui)d Siei'lii)g (£). ACCOUNTING POLICIES Statement of compliance The finai)cial slaleinents of Ihe cliai'itable company, which is a piiblic bei)efit eiitity uiidei. FRS 102, have been prepared in accordance with the Chai'ilies SORP (FRS 102} 'Accounting aiid Repoiting by Cl)arilies- Stateinent of Recon)iiiended Pi'actice applicable lo chai'ilies prepai'iiig Ilieir accouiils in accordance with Il)e Fii)ancial Repoiting Staiidai'd applicable in the UK and Republic of Ii'eland (FRS 102) (effective l January 2015),, Finaiicial Repoiliiig Standai'd 102 'TI)e Fiiiancial Reporting Standai'd applicable in tlie UK aiid Republic of Ireland, and the Compai)ies Act 2006. Basis of Pi'epAI'ation Tlie financial slateineiils l)ave been pi'epai'ed iii)der the historical cost convention, except for investments which are included al market valiie. Ci'itical accoiiiiting jii(Igemeiits an(1 key souj'ees of estimatioii uncertaiiity In the application of tl)e coi)Ipany's accounting policie5, the directoi's are I'eqiiii'ed to make jlidgemeiils, estimate5 and assiiinplioiis about Ihe cai'iying ainount of assets aiid liabilities Il)Mt Ri'e iiot readily appai'eiit from other soiirces. Tlie estimales and associated assumplioiis are based iipon historical expei'iei)ce aiid othei. factoi3 Ilial aiE considered to be I'elevanl. The eslimales aiid underlying assiiinptions are reviewed on an oiigoing basis. Revisions to accoiinling estimates are I'ecogi)ised iii tlie pei'iod in which tlie estimate is I'evised and where Il)e revisioii effects only that period, oi. in the pei'iod of revision and futui'e pei'iods where the I'evision affects boili ¢iii'rei)t and fuluie pei'iods. Ci'itieal jii(Igements The following jiidgeinent5 (apait fiDin those involving estii)iales) have liad the most significant effect on aniouiit5 recognised in Ilie financial slalemenl5. Useful Economic Life of Assets Tl)e ani)ual depreciation chai'ge for tangible fixed assets is sensitive lo changes in th¢ usefLII economic lives and residual valiies of assets. The usefiil econoinic lives and I'esidual values al'e I'eassessed aiinually. They are aiiiei)ded whei) i)ecessaiy to I'eflect ciirrenl estimates, based upon lechi)ological advanceineiit, futui'e investments, e¢onoiJ)iC Lltilisalioii and ihe physical coi)dilion of the assets. Incomiiig i-esoiii'ces A15 incoiiie is included in Ilie Stateineiit of Financial Activities wlieii the Charity is entitled to tl)e iiicome and Ilie ainouiit cai) be quantified witli I'easoiiable accuracy and tliei'e is sufficieiil certainty Il)at I'eceipl of the incoine is coi)sidered piobable. The followii)g specific policies are applied lo particular categories of iiicome:_ Voluntary income iiicludii)g donations, gift5, grai)ts and liihes that piovide col'e fiindiiig or are of a general iialui'e aiE accoiinled foi. as Iliey al'e I'eceived or there is evidei)ce of entitlement lo the gift aiid ils amolint can be iiieasiii'ed will) sufficient reliability. Investineiil income is incliided wheii I'eceivable. Page 26 continued..
Chil(l EvAngelisni Felloivship Of Irelan(I Notes to the fi inxneiAI Statements- eontiiiiied foi. the ye471' ende(131 M411'ch 2025 ACCOUNTING POLICIES- continiied IIRconiing I'esoiii'ces The I'ecogiiilioii of inconie fiDni legacies is recognised when receipt is probable aiid IheiE Is the ability to estiinale with sufficient acciira¢y the aii)oui)t receivable. Oihei. inconie received from the sale of Pliblications and income fiom tl)e cainp cenlres are included in the year in ivhicli it is I'eceivable. Resoiii'ees expended ExpeiJditui'e is I'ecognised 01) an accti]als basis wl)eii a liability 15 inciii'red. Expei)diture includes any V AT which caiii)ot be flilly I'ecovered and is IEported as part of the expenditure lo which il relates. Expenditure is recognised once there is a legal oi. coiisti'uclive obligalioii lo Inake a payniei)t lo a third paity, it is probable that settlement will be reqliired and Ihe ainouiit of Il)e obligation can be measui'ed reliably. Expei)dilure on chai'ilable activities coinprises costs incLlI'red by the Charity in deliverance of ils activities and services foi. its beneficiaries. All costs al'e allocated to expenditiire calegoi'ies I'eflecting Il)e iise of the I'esource. Direct costs Atti'ibulRble lo a single activity are allocated to Il)¢lt activity. Shai'ed costs which coiitribute lo Inore Ihaii one activity and support cosls which are iiot atti'ibulable lo a single activity al'e appoitioned betweei) these activitie5 On a basis coi)sislent with the use of re5011rces. Governance costs incliide these costs incui'i'ed in the govei'iiance of the Chai'ity and its assets and are pi'iiiiarily associated with constitutional and statutoiy iequirements. Tangible fixed assets Tai)gible fixed assets are initially measui'ed at cost, except for fi'eehold property which lias been valued al Ihe open mai'ket valiie al the date of incorpoi'alioii (Marcli 2018). They al'e subseqiiently nieasiired at cost oi. valuation, nel of depi'ecialioi) any impairmeiit losses. Historical cost includes expendittiiE Iliat is diitctly attributable lo briiiging the asset to the location atid condition iiecessaiy foi. it to be capable of opei'atiiig in the mannei. intended by maiiageFneiit. Depi'ecialion is provided at the following annual I'ales in order to wi'ite off the cost less estimated residual value of each asset over ils estiniated usefiil life. Fi'eehold piDpei'ty 1.50/0 011 cost Plant ai)d niacliinery 200/0 on cost Fixtiires and fittii)gs 15 % on rediiciiig balai)ce Coiiipuler eqliipinenl 20010 on cost At each balaiice sl)eet, the carrying amouiits of tangible assets are reviewed to deleiimii)e wl)eil)ei' thei'e is an ii)dicatioii that Iliose assets have siiffei'ed an iinpaii'nient loss. Whei'e Ili¢ cai'rying value exceeds Ilie estiinated recovei'able ainoiint (beii)g the greatei. of fair valiie less costs to sell ai)d vallie-iii-use), an impairinent Ioss is recognised by writing down the assets cash-generaliiig units lo theii. I'ecovei'able amoiinl. An impaii'ment Ioss is I'ecogi)ised iiiiniedialely it) the st8teinei)t of financial activities. Any Irvei'sal of a previous iinpaii'iiient is similai'ly i'ecogi)ised iiniiiedialely in the slalement of finaiicial activities. Stoelis Stocks are vallied at the lower of cost and net realisable value, aftei. making due allowance for obsolete and slow movii)g items. Eleineiits of c05t ii)clude the PLlI'chase price of the pi'odLicI and fi'eight chai'ges. Stock is valiied on a first in, first Ollt basis. Page 27 contiiiued...
Child Ei VAJigelism Felloivship Of Ii'eland Notes to the fi iii4incilll Slatemeiits- eoiitinlled for the yeai. en(le(131 Mai'ch 2025 ACCOUNTING POLICIEI S- eontiiiiieil Stocks Nel I'ealisable valiie conipi'ises the actual or esliiiialed sellii)g price less all further costs inciii'red in iiiarketing, selling and disli'ibiition. Taxation As a chai'ily (Charity Number NIC100984}, Cliild Evangelisin Fellowship of Ireland is exempt fiDIM coiporalion lax on its income ai)d gains falling iviiliin section 505 of Ilie Taxes Act 1988 os s256 of the T{ ation of Cl)argeable Gains Act 1992 10 the exleiil Iliat these are applied to ils cl)aritable objects. No tax cliarges have ai'isei) in Ilie year. i iin(l accouiltiiig Unresli'icled fiinds can be used iii accordaiice with the chai'itable objectives at the discretion of the Iruslees. Resli'icted funds can oiily be used for paitiCLilar resti'icled pui'poses within tlie objecls of the chai'ity. Resh'iclions arise ivlien specified by the donor or wheii funds ait raised foi. particular IEStricted piii'poses. Further explanation of the naliii'e aiid piii'pose of each fLiiid is included in the iiole5 to tl)e finaiicial statements. Casli aiid cash eqiiiv<ileiits Casli at bai)k and in Iiand ¢ompi'ises cash at bank oiily. Foi'eigii ciii'i'eilcies Assets and liabilities in foreign ciiri'eiicies 2c IE translated into sterling at the rates of excliai)ge i'uling al the balance sheet date. Ti'aiisaclions in foi'eigii cui'i'ei)cies are Iraiislated into stei'ling at the rate of exchange ruling at Ilie date of Ii'ansactioii. Excliai)ge diffei'eiices al'e taken into c1CCOllI)t in ai'riviiig at Ilie opei'atii)g I'esiili. Peiision Costs and othei- post-J'etiremei)t beiiefils The chai'itable eoi)Ipany opei'ates a defiiied conli'ibiition pension scheme. Coi)tributions payable lo Il)e Chai'itable coinpany's pensioii scheme are cl)arged to Ilie Statenieiit of Fiiiai)cial Activities iii the period to wliich they I'elate. Investments Inveslinents lield as curi'enl assets are I'evcilued anniially lo I'eflecl opeii Inai'lcel value. The Stateinenl of Financial Activities incliides the iiel gaii)s ai)d losses arising oil revaliiations IliiDughoiit the year. FinAiiei£il ii)sti'umeiits Tl)e coinpany has elected to apply tlie provisioiis of section I I 'Basic Finaiicial Insti'unienls, and section 12 'Otlier fiiiaiicial Insli'ument Issues, of FRS 102 10 all of ils finaiicial iiisli'umeiils. Fiiiancial insti-iiineiils al'e i'ecognised in the company's balance sheet wl)en the company becoines pai'ty lo the coiitraclual provisions of the iiislrun)eiit. Fiiiaiicial Assets. Basic fii)aiicial assets, incliidiiig trade aiid other debioi's and cash aiid bank balaiices are initially I'ecogiiised at Iransactioii pi'ice, unless the ai'i'angenient coi)slitutes a fii)ancing 113nsaclioii, whei'e Ilie traiisaclioii is iiieasiired at tl)e pi'esent valiie of fiitlllE receipts discoLinled at a ni<11'ket rate of ii)lei'est. Such assets are siibseqiienily cari'ied at ainoilised cost Lising the effective iiitere5t 11)eihod. Derivatives. including foi'ward excliic nge conlracls, are not basic fiiiancial instruments. Dei'ivatives al'e initially recognised at fail. valiie on Ilie date a derivative coiitract is entered into and are siibseqliently I'e-measured at Ilieir fair value. Clianges in tlie fair vallie of dei'ivalives are recogiiised in the profit ai)d loss iii fiiiaii¢e costs or finance incoine as appropriate. Page 28 continlied...
Child [( vangelisin Felloivship Of Ii'eland Notes to the Financial Stateineiits- continued foi. the yeai. eiiile(131 March 2025 ACCOUNTING POLICIES- eoiitiniied Fiiiaiicial ii)sti'iimeiits Impaii'meiit of finaiieial assets Fiiiancial assets, other tliaii tl)ose lield al fair valiie tl)rough pi'ofit and loss, al'e assessed for inipaii'iiient at each I'eportii)g date. Financial assets ait impaiird whet) thei'e is objective evidence Ilial, as a result of oiie oi. n)ore events that occiirred after Il)e initial recogiiilion of Ilie financial asset, the eslinialed fiiliire casl) flows have beei) Rffecled. If an Rssel is inipaired, the ii)Ipairment loss is the difference between tl)e cariyiiig aiiiount and tlie pi'eseiil value of the estimated cash flows discoiiiited at the asset's original effective iiilei-est rate. Tlie impairiiient loss is recogi)ised in PlDfit or loss. If there is a deci'ease ii) the iiiipairment loss ai'isii)g from an event OCCLlI'iI)g aftei. the iinpairinei)t was I'ecognised, the iinpmiiment is reversed. Tlie I'evei3al is such that Il)e curi'ent cai'iying ainoiii)t does i)ot exceed what the cai'rying ainount would l)ave been, had the impaii'inent not previously beeii I'ecognised. The iinpairii)ent I'eversal is recognised in profit oi. loss. Dei'ecognitioii of fiiiancial assets Finai)cial assets al'e dei'ecognised only when the contractual l'ights lo ca511 flows froin the asset expire or aiE settled, oi. wheii the coinpany Ii'ansfers tlie financial asset and substaiitially all the ri5k5 and rewards of ownership to aiioihei- entity, or if sonie of the I'isks and rewards of ownei'ghip are retained but coiitiol of the asset has transfei'i'ed to another party tliat is able to sell tl)e asset li) ils entirety to an uni'elated tliii'd party. Financial li2bilities Basic finai)cial liabilities, including trade aiid oiliei. creditoi3 and bank loans and overdi'afts, are initially recogiiised at ti"ansactioii price, Iinless Il)e al.rangeient constitutes a financing Ii'ansaction, wliere the Il'aiisaction is i)ieasured at the pi'eseiit value of future receipts discounted at a Inarket I'Rle of interest. Such assets are subseqiiently cai'i'ied at amoi'lised cost using Il)e effective interest Ineiliod. Debt insti'iimenls air subsequently Cai'i'ied at amortised cost, iisii)g tlie effective inlei-est rate method. Ti'ade ci'edilors al'e obligations lo pay for goods oi. services tl)at have been acquired in the ordiiiary coiirse of business fiDm siippliei's. Amouiits payable are classified as ciii'i'eiit liabilities if paymeiit is dlie iviihin oiie yeai. or less. If not, Il)ey al'e pi'eseiited as iion-ciii'rent liabilities. Ti'ade ci'edilors air initially recognised al Ii?nsactioi) price aiid siibseqiiei)tly Ineasured at amortised cost iisiiig the effective ii)tei'est nieihod. Dei'ecogiiitioii of fiii2neial liabilities Fii)ancial liabilitie5 al'e dei'ecognised when the company's contractiial obligations expire or are discharged or cancelled. Goiiig CoEicei'n At Ilie liiiie of appioviiig Il)e fii)Mncial stateinents the Ii'iislees have a r¢asoiiable expectation tliat Ilie cliai'ity has adeqiiale I'esoLlI'ces to conliniie in operational exislei)ce for Ilie foreseeable future. TIILIS the Ii'iistees continue lo adopt Ilie goii)g coiicern basis of accouiitiiig li) prepai'ii)g the fiiian¢ial slalemenls. Page 29 coi)tinued...
Chilil EvAiigelisni Felloivship Of Ii'elaii(I Notes to the f4 inaiiciAI StAtements- eoihtiniied foi. the yeAI' eii(le(131 Mai'ch 2025 DONATIONS AND LEGACIES 2025 Total flinds 2024 Total funds Unrestricted fiiiids Restricted fliiids Donations ai)d legacies Tithes 40,312 145,445 40,312 145,445 90,998 134,120 185,757 185,757 225,118 OTHER TRADIt4lG ACTIVITIEI S 2025 Total funds 2024 Total funds Uni'esli'icled fiinds Restricted fLlI)ds Shop income 43,452 43,452 39,417 INVESTMENT INCOM 2025 Total funds 2024 Total fiinds Unresti'icted fuiids Resli'icted funds Rei)ts received Uni'ealised gain on investinents Deposit accoiint interest 16,296 3,336 16,190 16,296 3,336 16,190 14,163 12,947 10,096 35,822 35,822 37,206 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Chai'itable activities Resoui'ce Cenlres Incoiiiing resoLlI'ces Camp centre income 2,339,214 259,769 2,212,505 250,281 2,598,983 2.462,786 Page 30 contiiiiied.
Cliilcl Ei vAngelism fielloivship Of Ii'elxnd Notes to the FiJ)AIICiAI SIAtements- eoiitiniie(I foi. the yeai. eiiiled 31 Mai'cli 2025 RAISING fiUNDS Othei. ti'adiiig #ctivities 2025 Total fiinds 2024 Total fLinds Unresti'icted fund5 Restricted funds Opei)ing stock Pui'chases Closiiig stock Staff costs 24,302 23,691 (23,022) 15,237 24,302 23,691 (23,022) 15,237 22,928 26,355 (24,302) 14,016 40,208 40,208 38,997 CHARITABLI AcfiviTIES COSTS Support costs (see note 9) Direct Costs Totals Admiiiistralion Selling and Distribiition Eslablishinei)t Financial Depreciation Charitable activities Resouire Ceiili'es 226,967 56,156 51,138 226,967 56,156 51,138 11,910 92,047 2,409,385 311,584 11,910 92,047 2,389,790 311,584 19,595 3,127,682 31,505 3,159,187 SUPPORT COSTS Govei-nance costs Finance Totals Finai)cial Chai'itable activities 11,910 11,910 19.595 19,595 11,910 19,595 31,505 io. NET INCOME/(EXPENDITURE) Nel iiicon)el(expeiiditui-e) is slated aftei. chai'giiig/{ci'editii)g).' 2025 2024 Auditoi's, I'einunei'alion Depi'eciation - oivned as5els 12,780 92,045 11,760 88,328 Page31 coiitinued...
Cliild Evajigelism Felloivshii) Of I1111d Notes to tlie foijiAnciAI Statemeiits- contiiiiied for the yeai. ei)(leil 31 Mai'ch 2025 TRUSTEES, REMUNERATION AND BENEfiITS Tliei'e wei'e no Ii'iist¢es' I'eniiiiiei'ation or other benefits foi. tl)e yeai. ei)ded 31 Mai'ch 2025 nor for the yeai. elided 31 Mai'cl) 2024. Triistees, expenses There were no b'uslees, expenses paid for the year ended 31 Marcl) 2025 noi. for the yeai. ended 31 Marcli 2024. 12. STAfiF COSTS 2025 2024 Wages and salaries Social seciii'ity c05t5 Otl)ei' pension costs 893,354 67,052 46,393 868,783 56,888 43,785 1,006,799 969,456 The avei'age monthly i)umber of employees diiring tl)e yeai. was as follows: 2025 12 2024 12 Head office Resource Ceiiti'es Shop Field Woi'k¢rs 28 28 45 46 No employees received enioliimeiils in excess of £60,000. J3. COMPARATIVE<S FOR THE STATEMENT or riINANCIAL ACTIVITIES Uiiresli'icled flind5 Restricted fui)ds Total fiiiids INCOME AND ENDOWMENTS FROM Doi)ations and legacies 225.118 225,118 ChAI'itable activities Cl)arilable activities Resouire Centre5 178,144 250,281 2,034,361 2,212,505 250,281 Oihei. Iradiiig activities Investineiit incoine 39,417 37,206 39,417 37,206 TolAI 730,166 2,034,361 2,764,527 EXPENDITURE ON Raisii)g flinds 38,997 38,997 Cliaritable Activities Adiiiiiii5tratioi? Sellii)g and Distribution Eslablishinenl 206,298 66,985 65,915 206,298 66,985 65,915 Page 32 contiiiued...
Chilil Evangelism Felloivsllip Of Ii'eland Notes to the Fiiiancial Stxtements - continued foi. the yeAI' endeil 31 March 2025 13. COMPARATIVEI s fiOR THE STATEI MENT OF FINANCIAL ACTIVITIES- eoIitiiiiied Uni'estricted Reslricled funds fuiids Total funds Fiiiancial Depreciation Cliai'itable activities Resoiirce Centi'es 6,-374 88,328 168,036 275,704 6,374 88,328 2.572,338 275,704 2,404,302 Total 916,637 2,404,302 3,320,939 NEI T IIYCOME/(EXPE4 NDITURE) Ti'Ansfei's betiveeii funils (186,471) 4,264 {369,941) (4,264) (556,412) Net moveineiit in fiiiids (182,207) (374,205) (556,412) REI CONCILIATION OF FUNDS Total funds bioiigl)t foi'wai'd 3,476,082 1,404,612 4,880,694 TOTAL FUNDS CARRIED FORWARD 3,293,875 1,030,407 4,324,282 14. TANGIBLE FIXED ASSII TS Fixtures and fittings Freehold property Compulei. equipmeiil Totals COST Ai l April 2024 Additioiis 3.413,511 31,684 193,442 11,133 115,422 20,865 3,722,375 63,682 At 31 March 2025 3,445,195 204,575 136,287 3,786,057 DEI PRE4CIATION Ai l Api'il 2024 Chaige for yeai. 205,825 51,677 101,298 18,149 66,566 22,219 373,689 92,045 Ai 31 March 2025 257,502 119,447 88,785 465,734 NET BOOK VALUE Ai 31 March 2025 3,187,693 85,128 47,502 3,320,323 At 31 Mai'cli 2024 3,207,686 92,144 48,856 3,348,686 The Iruslees consider tl)al the Net Book Value is Irasonable in relation to ciirrenl values. Incliided in Freeliold pioperty is the Seaview Camp Cei)tre Sports Hall at an estimated Net Book Value of £90,000. The sports hall is situated Glose lo adjoiiiing land whicli I'equiiES reinedial works lo pi'eveiit fiirther land slippage. The estiii)aled costs of I'einedial woi'ks ii)cluded in the opeiating costs for the year lo 31 March 2025 was £198,000 (2024.. £62.000) and is incliided iii acci'uals at the year end. Page 33 contiiiiied...
Chil(l Evoiigelisni Felloivshii) Of Iiyland Notes to the f4 inaiicial Statements- continiied foi. tlie yeAI' en(led 31 Mai'ch 2025 15. STOCKS 2025 2024 Stocks 23,022 24,302 Tlie replaceiiient value of stock did not diffei. malei'ially fiom ils l)i51orical cost. 16. DEBTORS: AMOUNTS fiALLING DUE WITHIN ONC YEAR 2025 2024 Trade debtors Incoiiie lax I'ecovei'able Pi'epaymei)Is 2,558 14,258 3,458 3,660 18,674 14,114 20,274 36,448 17. CURRENT ASSET INVESTMENTS 2025 2024 Other investments 432,783 429,446 18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YII AR 2025 2024 Ti'ade ci'editors Social seciii'ity and otl)er taxes Accrlied expei)ses 12,856 14,026 89,338 8,955 285,001 305,667 116,220 19. MOVIMENT IN FUNDS Nel moveinei)t iii funds Ti'ansfei's between fuiids At 3113125 Ai 114/24 Unresti'icted fuiiils Accumulated fund PIDpeity Capital Fund Undesignated fiiiid Miscellai)eoL15 Fiind {200,838) (51,678} 164,289 (1,164) 200,838 31,684 (149,736) (5,659) 3,207,686 58,336 27,853 3,187,692 72,889 21,030 3,293,875 (89,391) 77,127 3,281,611 Resli'icted fuiids Missioiiary Fund Local Area Fund Miscellaneous Fund 273,502 435,937 320,968 (93,132) (11,083) (141,775) 36,554 {44,036) (69,645 } 216,924 380,818 109,548 1,030,407 (245,990) {77,127) 707,290 TOTAL FUNDS 4,324,282 (335,381) 3,988,901 Page 34 coiitii)Iied...
Child Evaiigelisin Felloivship Of Ii'elii 11(1 Notes to the Fiiiaiicial Statcments- coiitinue(I foi. tlie yeAR' ended 31 MAI'ch 2025 19. MOVEMENT IN FUNDS- coiitinue(I Net Inoveineiit in nds, included in the above are as follows: Incoming resoiirce5 Resources expeiided Movement in fiii)ds Uiii'esti'icted fiiiids Accuinulaled fund Pioperty Capital Flind Uiidesignated fund Miscellaneous Fund 524,800 {725,638) {51,678) {31,972) (1,364} (200,838) {51,678) 164,289 (1,164} 196,261 200 721,261 (810,652} {89,391) Restricted fiinds Missionaiy Flind Local Area Fund MiscellaneoLlS Fund 734,043 766,446 642,264 (827,175) (777,529) (784,039) (93,132) (11,083) (141,775) 2,142,753 (2,388,743) (245,990) TOTAL FUNDS 2,864,014 (3,199,395) (335,381) Comi)aratives foi. movement in funds Net niovenient iii funds Trai)5fers between flinds At 3113124 At 114123 Ujii'esti'icted fuii(Is Acciii)ILilated fund Piopeity Capital Fund Undesignated fund Miscellaneous Flind (175,832) (51,203) 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 Re5tricteil fuilds Missioiiai'y Flind Local Ai'ea Fuiid Miscellaneoiis Fiind 342,843 440,405 621,364 (47,761) (25,093) {297,087) (21,581 } 20,626 (3,309 } 273,501 435,938 320,968 1,404,612 (369,941) (4,264) 1,030,407 TOTAL fiUNDS 4,880,694 (556,412) 4,324,282 Page 35 coiIIiiiLied...
Cliild Vliiigelism Felloivship Of Irelaiid Notes to tlie Finaneial Statemeiits contiiiueil foi. the yeai. eiide(131 Marcl) 2025 19. MOVEMENT IN FUNDS- continiied Comp&rative net Inovenient in fiinds, iiicluded in the above are a5 folloivs.. Ii)coniing resources Resources expei)ded Moveineiit in fui)ds Ujii'esti'ictecl funds Accumiilated fuiid PIDpety Capital Flind Uiidesignated fiiiid Miscellaneous Fund 552,022 (727,854) (51,203) {51,953) (85,627) (175,832) (51,203) 69,441 {28,877) 121,394 56,750 730,166 (916,637) (186,471) Restricte(I fiiiids Missionai'y Fiind Local Ai'ea Fuiid Mi8eellai)eoiis Fund 685,105 855,275 493,981 {732,866) {880,368) (791,068) (47,761) {25,093) (297.087) 2,034,361 (2,404,302) (369,941) TOTAL FUNDS 2,764,527 (3,320,939) (556,412) A ciirrent year12 moi)ths and prior year 12 months coinbined position is as follows.. Net iiioveinent in fuiids Ti'ansfers between fiii)ds At 3113125 At 114123 Uni'estricted fiinds Accuniiilated fi]Iid Property Capital Fiind Undesignaled fund MiscellaneoLlS Flind (376,670) (102,881) 233,730 (30,041 } 376,670 31,684 (314,688) (12,275) 3,258,889 153,847 63,346 3,187,692 72,889 21,030 3,476.082 (275,862) 81,391 3,281,611 Rcsti'icted fiinds Missioi)ai'y Fiiiid Local Ai'ea Fiind Miscellaneoiis Flind 342,843 440,405 621,364 (140,893 } (36,176) (438,862) 14,973 (23,410) {72,954) 216,923 380,819 109,548 1,404,612 (615,931) {81,391) 707,290 TOTAL FUNDS 4,880,694 (891,793) 3,988.901 Page 36 continued...
Child Evaiigelisin Felloivship Of IJ'elAnd Notes to tlie Fiiiancial Statements - eontiniie(I foi. the yeAI' eiideil 31 Mat'eh 2025 19. MOVEMENT IN f4UNDS- coiitinue( A cui'iri)t year 12 Imonths and prioi. yeai. 12 moiiths combined net moveinenl iii fuiids, included in Il)e above are as follows: Incoimiiig resources Resoiirces expended Movement in fuiids Unresti'icted funds Acciiiniilated fijnd Propei'ty Capital Fiind Uiidesignaled fund Miscellaneous Fund 1,076,822 (1,453,492) (102,881) (83,925) (86,991) (376,670 } (102,881) 233,730 (30,041) 317,655 56,950 1,451,427 (1,727,289) (275,862) Restricleil fiinds Missionai'y Fliiid Local Area Fund MiscellaiieoLlS Fiind 1,419,148 1,621,721 1,136,245 11,560,041) (1,657,897) (1,575,107) {140,893) {36,176) {438,862) 4,177,114 (4,793,045) (615,931) TOTAL FUNDS 5,628,541 (6,520,334) (891,793) Uiii'esti'icted FuJi(Is Al'e to be useil foi. the geiiei'#l woi'li of Chilil Evaiigelism Felloivship of Ii'elAnd at home an(1 abi'oAd AS folloivs:_ Pi'o ei. ital Account Repi'eseiils the cost and book vallie of lai)d and buildiiigs AccumulAte(I fi uild Relates lo the funds used to fiiiance tlie continuing runniiig and ceiib'al costs of the Fellowsl)ip. If a deficit ai'ises, tlie ti'iistees agi'ee lo Ii'ansfer the closing deficit froni Uiii'esli'icted Funds. Uiidesi nAte(l Fuiiil This fund represents general Inoney doi)ated to the chai'ity foi. the work of Child Evai)gelism Fellowship of Ireland. MiseellRneous Vuiid This fiii)d I'epi'esents n)oney donated generally lo woi'kers aiid projects both in Ireland and ovei'seas for the advancen)ent of Child Evangelism Fellowship woi'ldwide. Resti-icted Fuiids al'e only to be ilsed foi. the folloiving specific piirposcs:. ilqissiojiai Tliis repi'esenls Missionai'ies fr021) Ii'elaiid wl)o sei've God in the woi'k of Child Evangelisin Fellowship in Ii'elai)d ai)d Europe. Local Area FiiIid These fuiids I'elale lo local areas in Ii'eland iised to siippoil the work cai'ried 01) aniongst cliildren in these ai'eas. IVliscellAiieoiis Fuijd These fiii)ds rela1¢ lo n)oney doiialed specifically for workeis and projects both in Ireland and overseas and for the advaneeinent of Cl)ild Evaiigelisin Fellowship Woi'ldwide. Page 37 continLied...
Cliil(l Evajigelisni fielloivsllip Of Il'eland Notes to tlie FinaneiAI Statemeiits - continiie(I foi. tlie Ye1 I. en(leil 31 Mai'ch 2025 20. CONTINGENT LIABILITIES The Seaview Caimp Centre at Kilkeel has liad a land slippage a5 51aled in Note 14 Thei'e Inay be additional costs in I'elation lo I'emedial work bllt the polei)tial inipact, if any, reinains iinqLiantifiable at appioval date of the aecounls. 21. RELATED PARTY DISCLOSURES There wei'e no related party ti?iisactioi)s foi. the year ended 31 Marcli 2025. Page 38