Charlty Reglstrallon No.101398 Company Regl8lMtlon No. N1626366 {Nothern lrnland) AMI IRELAND UNAUDITED FILLEfED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 AMI IRELAND CONTENTS Pago Charity reference and admSnistratlve detalls Directors. report Independent examlnerfs report ststement of financial activille5 8alance sheat Noles lo the accounls 7-10 AMI IRELAND CHARITY REFERENCE ANDADMINISTRATIVE DETAILS Dlrector8 Andrew Montgomery Hilary Montgomery Colln Woodward Charlty number 101398 Company number N1626366 Prlnclpal addTes5 19 The Cairn Upper Ststion Road Greenisland Co Antrim BT38 8ZT Reglstered offlce 19 The Calm Upper Stat5on Road Greenlsland CDAntrim BT38 8ZT Independent accountant Jt)hnslon Kennedy DFK 10 Pilots View Heron Road Belfast 8T3 9LE AMI IRELAND DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The dlrector3 present Ihelr report and accounts for the year ended 31 December 2022. Objectlves and activltles The Chafity Is established for the advancement of the Christian rellglon In Northern Ireland throughout the worfd. The objectives are to: preach the Gospel. ancourage Chrlstlan Ilvlng and tha moral and ethical standards Inherent thereln, promote and support missionary endeavours and ¢ontribule lo the spiritual and moral educalion of Chrislians. The direclois have pald due regard to guklance Issued by Ihe Chartly Commlsslon In decldlng what acllvllles the company should undertake. AGhlev•ments and performance The charity signed a lease agreement In March 2022 for Iwo Gornmerdal unlls at CenlTal Park Mallusk, and spent the rest of the year working through the process of securing planning permission and refitting the ￿61$ for our purposes for Desllnation Church 8elfast. We had our las1 Sunday mornlng serilce In Mossley Pavlllon on 11th December 2022 and celebrated our new refurbished home on the following Sunday. This endeavour and its successful complelSon has generated expectancy and momentum ihroughout the year In our fabth communty. 11 looks forward lo Ihe fruit and potential thal this new venue will provid•. AMI Ireland Inlem Programme restarta(J In Septembar 2022. wllh the vlew lo havlng publlc meetlngs In 2023. Flnanclal revlew The tralnlng and educatlon dlvislon of the charity generated a nel deficil 01 £138 during Ihe year. De51inatlon Churth Belfasl generated a net surplus ol £5.267 during Ihe year. Unrestriclad reserves at the year and amounted to £225,930. Th8 compan￿8 reserve pollcy Is to accumulala sufficlent unreslrlcled rnserves lo provlde resources to Eaunch an employed ministry team. Structurn, governance and managemgnt The charity Is a company limited by guarant80 wlthoul share capltal and Is govemed In accordance wtth Ils Memorandum and Arttcle5 ofAssociation. The charity Is reglstered with the Charity Commisslon for Norlhem Ireland. The dlrectors who served during the year and up to the date of signature of the financ181 statements wefe: Andrew Montgomery Hilary Montgomery Colin l*Voodward The first director5 were appointed by the leaders ofActs Ministry Inlemational. The directors received induction training and menlorlng from Acts Mlnlstrles Internallonal. Thelr vlslon was to establlsh a mlnistry in Northem Ireland. None of the directors has any beneficial inter8St in the assets of Ihe company. All of the directors ale members of Ihe company and guarantee lo contrlbute £1 in the evenl of a winding up. The directofs oversee the day to day operations of the company and the board meets fomially on a quarterly basls to revlew operatlons and devebp Ihe strateglc dlrectlon of the company, No emolumonls were paid lo directots during th8 year. AMI IRELAND DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Statement of dlrectors regponslbllltles The dlrectors, who also act as trustees for the charliable acllvilies of AMI Ireland Ltd. are ie5pon5ible for preparing the Directors Report and the accounts In accordance with applicable law and United Klngdom Accountlng Standards (Unlted Klrwdorn Generally A(rRpted Accountlng Practice). Cornpany Law requires the directors to prepare accounts for each ffinancial year whlch give a true and falr vlew of the slate of affairs of the company and of the incoming resources and applScatk)n of resourc8s, including the Income and oxpandllure. of tho charltable company for that year. In preparing these accounts, the dlrectors are requlr8d to: - select suiiable accounting policies and Ihen apply Ihem consistenlly; - obsepée Ihe methods and principlts in Ihe Charities SORP; make Judgemenls and estlmales that are reasonable and prudent: slate whether appllcable UK Accounllng Standards have been followed, subject lo any material departures dlsclosed and explained in the accounts.. and prepara the accounts on the going concam basis unless il is inappropriate to presume that the company wlll ontlnue in operatlon. The diréctors ara responsible for keeping adequate a¢￿untIng records Ihat dl8ck)38 wlth reasonable accuracy al any time the financlal p051tlon of Ihe company and enabl8 Ihem lo ensure thal the accounts comply with the Companies Act 2006. They are also responsible for safeguarding Ihe assets of the company and hence forlgklng reasonable $teps for Ihe preverbtSon and delectlon of fraud and other lrregu1arf￿8s. Polltlcal and charltabl• donatlon• During the year the company did nol make any poliliGal or Gharitable donations, Speclal provl8lons relatlng to gmall companles Thls report has been prepared In accordance wilh Ihe special provision5 of Part 15 of the Companles AGI 2006 relating to small companies. The dlrectors report w85 approved by the Board of DIrecto￿. drew Montgomery Dlrector AMI IRELAND INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF AMI IRELAND In accordanc8 with the engagement letter daled 4 December 2017. and In order to asslst you lo fulfil your duties under the Companies Act 2006. we have compiled the financial slalements of AMI Ireland for the year ended 31 December 2022, set out on pages 5 to 10 from the accounting records and infomalion and explanations you have given lo UB. Respectlve responslbllltles of Dlrectors and Examlner As the dlrectors of the cornpany you are responslble for Ihe preparallon of tha accounts in accordance wlth the requiremenls of the Companies Act 2006. Having salisfied us Ihat the accounls of the company are not required to be audrted under Part 16 of th• Companies Act 2006 and are ellglble for Independent examination, it 15 our responslblllty to: examine the accoun15 under section 65 of the Charltles Act (Northem Ireland) 2008: follow procedures lald down In the general DITeclions given by the Charlty Commlsslon for Northem Ireland under section 65<9)(b) of the Charities Aci; and slate whelher particular matters have come lo our attentlon. 8asl8 of Independent Examln?rfg R•port We have examined your charity accounts as r8qulred under Sectlon 65 of the Charltles Act and oui examinalion was carried out In accordance wllh the general Direclions given by the Charflles Commission for Northern Ireland under 5eGtion 85(9)n of assels less thelr residual values over thelr useful Ilves on Ihe following ba%5- Leasehold Improvemenls Equlpment 10% Straight1Sne 20% Straight line The galn or loss arfsing on the disposal of on asset Is delemilned as the difference between the sala proceeds and the carying value of the asset. and Is recognlsed In the slatement of financlal acilvltles. 1.7 Ca8h and cash equlvalent• Cash and cash equivalents Include ¢aJh In hand, deposlts held al call wllh banks, olher short-term Ilquld Investments wlth original rnaluTities ol Ihree Tnonlhs or18ss, and bank overdrafts. Bank overdrafts are shown wlthln borrowlngs In ojrrent Ilabllllles. 1.8 Flnanclal In•trumgnts The company has elected to apply the provlslons of Section 11 '8a5iG Financial Inslruments, and Section 12 'Other Flnanclal Instniments Issues, of FRS 102 to all of ils financlal Instrumenls. Flnanclal Instruments are recognlsed In the company's balance sheel when the company becorne3 paty lo the conlraclual provlslons of Ihe instrument, Flnancial assels and liabilities are offset, with the nel amounts prosented in the financlal statemenls, when there Is a legally enforceable right to set off the recognlsed amounts and there 15 an inlention to settle on a net bas15 or to reallse the assel and settle the Ilability simultaneously. Baslc flnanclal ass•ts Baslc financlal assels, which include debtors and cash and bank balances. are Inltlally measured ot transaction price Including Iransactlon costs and are subsequently carried at amortised ¢051 using Ihe effectlve Interest melhod unless the arrangemenl constltules a financing transaclion, where the transaction is measured at the present value of the fulure recelpts dlscounted al a markel ral8 of inter881. Financial assets classified as recelvable wllhln one year are not amortised. Bas1¢ ffnanclal Ilabllltl•s Basic financial118bilities, IndudSng credltors and bank loans are In51ially recognlsed at transaction price unless the arrangement constitutes a financlng Iransacllon, where the debt in5twmenl Is measured at the present value of the future payments dl8counted al a market rate of interest. Flnanclal liabililies dassif18d as payable within one year are not amortised. Debt Inslruments are sub5equenlly carrfed at amortlsed cosl, using the effective Interest rate method. Op8rating credltors are obligations to pay for goods or seNlces thal have been acqulred In the ordinary course of operations from suppllers, Amounts payable are classified as current Ilabi1115es if paymenl is du8 within one year or less. If not, they are presented as non-current liabilities. Operating creditors are recognised initially al transaction price and subsequently measufed at amortised cost using the effective interest method, Dere¢ognition of ffnancial liabilities Financial liabilities are derecogni$ed when the company's contractual obligalion5 expire or are dlscharged or cancelled. AMI IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng pollcle• (Cont5nuedl 1.9 Taxatlon The company Is a reglslered chafily and is not liable to tax on surpluses generaled or Investment income derlved from actlvities wrthin the scope of the charitable objective5. DIr￿torn None of the director5 (or any persons connected wilh them) received any remuneration dudng the year, however 2 dlrectors received honorarium payments totalllng £8.800 for the year: Andrew Monlgomery.. £3,950 Honorarium Colin Woodward: £4,650 Honorarium As well as the honorarlum recelvad they also were paid the followlng exp8nsa5: Andrew Monlgomery.. £328 for Mileage and general expenses Colin Woodward: £188 for mileage and general expenses Employees The average monthly number of èmployees during the year was,, 2022 Number 2021 Number Total No employees were pald remunerntlon durlng In the year. Tanglble flxed asuts L••Mhold Impm•Th•nts Equlprn•rt Tot•1 Colt At 1 January 2022 Addltlons 4.843 20.200 4,843 94,602 74,402 At 31 December 2022 74,402 25.043 99,445 Deprnclatlon At 1 January 2022 Depreciation charged in the year 3.379 1,110 3,379 2,869 1,759 At 31 December 2022 1,759 4,489 6,248 Net book value At 31 De￿rnber 2022 72,643 20,554 93.197 Al 31 December 2021 1.464 1,464 AMI IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Credltors: amounts falllng due wfthln one year 2022 2021 Accruals 3,033 An•ly81s of net assets between fund8 Total 2022 Totsl 2021 Fund balances at 310ecember 2022 are represented by.. Tangible assels Current assetsl(liabllltle5) 93,197 132,733 1.464 219.337 225,930 220,801 Flnanclal commllrngnts The company had no flnanclal commitments at 31 December 2022 or 31 Oecember 2021. Capllal Gommltments The company had no capltal comfflitmenls 8131 December 2022 or 31 December 2021. Control The dlrectors conlrol the company. 10-