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2023-09-30-annual-return

Charity registration number NIC101661

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr G F W Hewitt
Mr F McMorrow
Mrs H F Brown
Mr D Howe
Mrs E Whyte
Mr R Loade
Mr M Coates
Charity number NIC101661
Independent examiner Moore Braniff
2 Beechill Business Park
96 Beechill Road
Belfast
Northern Ireland
BT8 7QN
Bankers Ulster Bank Ltd
11-16 Donegall Square East
Belfast
BT1 5UB

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

CONTENTS

Page
Trustees report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 19

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

TRUSTEES REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

The Trustees present their annual report and financial statements for the year ended 30 September 2023.

The accounts have been prepared in accordance with the accounting policies set out in note to the accounts and comply with the charity's constitution, the Charities Act (NI) 2008 and the Statement of Recommended Practice, The Charities (Accounting and Reports) Regulation (NI) 2015.

Objectives and activities

The charity's objectives are to offer members of the public prayer for healing together with the laying on of hands and anointing/blessing with oil at regular weekly services in the Greater Belfast area and, by invitation, throughout Northern Ireland. Also to be praying for the land and praying in unity.

The policies adopted in furtherance of these objects are to have regular prayer groups to support the various areas of activity, to hold regular Healing Team meetings and Committee meetings and there has been no change in these during the year.

Objectives

To continue the work of the charity the Trustees lead by the Director Fergus McMorrow have been engaged in a 5 year plan covering 2020 – 2025. The objectives of this plan have been set as follows:

  1. Renewal of Trustees and Committee.

  2. Organise prayer support for the whole ministry.

  3. Increase the number of individuals, churches and communities reached by Divine Healing Ministries. Weekly and monthly healing services including St. Patrick’s Ballymacarrett, Shankill Methodist Church, Hope Centre, Berry Street, Larne Churches, parishes across N. Ireland and Rep. of Ireland.

  4. Strengthen the interdenominational aspect of the ministry with new healing services at Catholic parishes.

  5. Developing online downloadable resources, both free and paid for booklets, audio and video recordings.

  6. Developing phone ministry provision with a new VOIP phone system which allows team members to answer phone calls from people requesting prayer.

  7. Developing the online ministry which has expanded significantly.

  8. Developing further links with South America in partnership and existing reciprocal mission trips with pastors in Colombia and Bolivia.

  9. Developing youth outreach within the ministry in partnership with the Summer Madness Youth Festival, the Hub Church of Ireland/Methodist Chaplaincy at Queen’s University, and other youth ministries/agencies.

  10. Developing monthly satellite healing services in Larne, Holywood and Lisburn and in other towns.

  11. “Days of Prayer for the Land” in towns across N. Ireland and Republic of Ireland.

  12. Online and in person training in prayer ministry for new team members and advanced training for existing team.

Compliance with Public Benefit

The Trustees have paid due regard to guidance issued by the Charity Commission for Northern Ireland to ensure the activities entered into during the year have helped to achieve the organisations objectives in providing a public benefit.

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Achievements and performance

Achievements

Key aspects include:

Training:

Days of Prayer:

Development of ministry with young people:

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Partnerships and networking with other ministries:

Interdenominational aspects of the ministry:

Divine Healing Resources:

Financial review

At the reporting date of 30 September 2023, the following is an overview of the charity's position.

The accounts documented an overall net deficit of £31,715 (2022 deficit: £80,373).

Restricted fund donations regarding Colombia and Bolivia, remained the same during the year; 2023: £180 (2022: £180). Income from general donations was allocated to this fund in order to continue the success achieved to date and cover necessary expenditure.

Net assets held by the charity at the year end were £155,904, (2022: £187,619). Of this the Ulster Bank account had a closing balance of £20,515 (2022: £59,939). The charity investment increased in value by £2,057 (2022: £5,797 decreased ) during the year.

Going Concern

Considering the above and current year budgets the Committee is satisfied that there are adequate funds in place to ensure that the charity can continue its activities and the financial statements for the year ended 30 September 2023 can be approved as a going concern.

The Trustees has assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Plans for the future (from 2020-2025 Strategic Plan)

Training:

Unity:

Communication:

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Structure, governance and management

The charity was founded in 1992 and is administered and managed from 32 Townsend Street, Belfast, BT13 2ES. On 19 February 2015 the charity adopted a revised constitution which now governs the charity. The charity is registered with the Charity Commission for Northern Ireland under charity reference NIC101661.

The Trustees who served during the year are listed below. Of the Trustees the following acted as Officers:

Director: Mr F McMorrow Honorary Secretary: Mr R Loade (Appointed 23 April 2022) Honorary Treasurer: Mr G Hewitt

The full list of Trustees:

Mr G F W Hewitt Mr F McMorrow Mrs H F Brown Mr D Howe Mr H Love (Resigned 28 April 2023) Mrs E Whyte Mr R Loade Mr M Coates

Recruitment and appointment of trustees

Officers and Trustees are elected at the charity's general meetings. Other Trustees are appointed by the Officers of the charity. Each Trustee must retire with effect from the conclusion of the annual general meeting next after his or her appointment but are eligible for re-election at that annual general meeting. No-one may be elected unless prior to the meeting the charity is given a valid notice signed by a current Trustee and the proposed candidate. Once an office is filled another Trustee cannot be nominated for that office until it is vacated.

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Organisational structure

The charity is managed and administered by the committee of Trustees. The Committee of Trustees must have a minimum of three members termed as Officers consisting of a Director, an Honorary Secretary and an Honorary Treasurer. The Trustees from within themselves will elect these officers. The committee has no maximum threshold of Trustees who can serve the charity.

The charity's organisational structure is outlined in this diagram:

The trustees report was approved by the Board of Trustees.

Mr R Loade

Trustee Dated: 14 March 2024

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

I report to the Trustees on my examination of the financial statements of Interdenominational Divine Healing Ministries (the charity) for the year ended 30 September 2023.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008 (the 2008 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 65 of the 2008 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission Northern Ireland under section 65(9)(b) of the Charities Act 2008.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Moore Braniff

2 Beechill Business Park 96 Beechill Road Belfast BT8 7QN Northern Ireland

Dated: 14 March 2024

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Unrestricted
Restricted
funds
funds
designated
2023
2023
Notes
£
£
Income and endowments from:
Donations and legacies
3
28,350
2,000
Other trading activities
4
15
-
Investments
5
134
-
Other income
6
22,025
4,427
Total income
50,524
6,427
Expenditure on:
Charitable activities
84,180
6,427
Other
10
116
-
Total expenditure
84,296
6,427
Net gains/(losses) on investments
11
2,057
-
Net movement in funds
(31,715)
-
Fund balances at 1 October 2022
187,619
-
Fund balances at 30 September 2023
155,904
-		 Total
Unrestricted
funds
2023
2022
£
£
30,350
19,169
15
72
134
131
26,452
1,578
56,951
20,950
90,607
95,432
116
94
90,723
95,526
2,057
(5,797)
(31,715)
(80,373)
187,619
267,992
155,904
187,619

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

BALANCE SHEET

AS AT 30 SEPTEMBER 2023

Notes
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds		 2023
£
9,270
23,033
32,303
(3,061)		 £
402
126,260
126,662
29,242
155,904
155,904
155,904		 2022
£
2,500
61,494
63,994
(2,997)		 £
2,419
124,203
126,622
60,997
187,619
187,619
187,619

The financial statements were approved by the Trustees on 14 March 2024

Mr G F W Hewitt Mr R Loade Trustee Trustee

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies

Charity information

Interdenominational Divine Healing Ministries is a non incoroparated entity.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Software

33% straight line

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers

33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Restricted Total Unrestricted
funds funds funds
designated
2023 2023 2023 2022
£ £ £ £
Donations and gifts 27,350 - 27,350 19,169
Grants received 1,000 2,000 3,000 -
28,350 2,000 30,350 19,169
Donations and gifts
Donations 26,750 - 26,750 17,197
CIDA 600 - 600 1,972
27,350 - 27,350 19,169
Grants receivable for core activities
Society of Saint Francis grant 1,000 - 1,000 -
Benefact grant - 2,000 2,000 -
1,000 2,000 3,000 -
Other trading activities
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Sale of CDS 15 72

4 Other trading activities

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

5 Investments

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Interest receivable 134 131

6 Other income

Unrestricted
Restricted
funds
funds
designated
2023
2023
£
£
Sundry Income
22,025
4,427
For the year ended 30 September 2022
1,578
-		 Total
2023
£
26,452		 Total
2022
£
1,578
1,578

The charity received Nil (2022: £1,578 ) towards the group retreat.

The charity received £20,000 (2022: £Nil) from the Glen Mason Trust and £2,025 other donations towards training, Going Deeper Day , leaflets etc (2021: £Nil).

Note 17 shows the breakdown of the designated funds of £4,427 (2021: £Nil).

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

7 Support costs

Support costs
Governance
costs
£
£
Staff costs
55,849
-
Depreciation
-
2,017
Accountancy fees
-
1,940
Legal and professional
-
-
Donations
-
3,750
Rent
-
5,055
Rates
-
-
Insurance
-
1,582
Light and heat
-
-
Postage and stationery
-
4,810
Telephone and fax
-
4,730
Fees and travelling expenses
-
901
Sundry expenses
-
3,198
Computer running costs
-
6,775
CIDA costs
-
-
Retreat costs
-
-
55,849
34,758		 2023
£
55,849
2,017
1,940
-
3,750
5,055
-
1,582
-
4,810
4,730
901
3,198
6,775
-
-
90,607		 2022
£
47,492
5,311
1,614
900
500
3,598
1,893
1,473
269
1,308
4,757
-
2,948
13,486
7,423
2,460
95,432

Governance costs includes payments to the independent examiner of £1,032 (2022- £960.00) for independent examination fees, the charity does not require or incur audit fees.

8 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. During the year two trustees were reimbursed for expenses paid on behalf of the charity.

Mr G Hewitt was reimbursed £2,638.08 for transfer to Bolivia £1850, two display stands £430 and meals for visitors £358.

Mr F McMorrow was reimbursed £972 for Mail Chimp subscription, Streamyard Livestreaming and Wix.

9 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
2 2

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

9
Employees
Employment costs
Wages and salaries
Other pension costs		 (Continued)
2023
2022
£
£
54,586
46,509
1,263
983
55,849
47,492		 (Continued)
2023
2022
£
£
54,586
46,509
1,263
983
55,849
47,492
47,492

There were no employees whose annual remuneration was more than £60,000.

10 Other

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Financing costs 116 94
116 94
Net gains/(losses) on investments
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Revaluation of investments 2,057 (5,797)

11 Net gains/(losses) on investments

12 Taxation

Divine Healing Ministries is a registered charity with HMRC reference XN/91984 and is exempt from tax on income and gains to the extent these are applied to its charitable objects.

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

13 Tangible fixed assets
Computers
£
Cost
At 1 October 2022 9,895
At 30 September 2023 9,895
Depreciation and impairment
At 1 October 2022 7,476
Depreciation charged in the year 2,017
At 30 September 2023 9,493
Carrying amount
At 30 September 2023 402
At 30 September 2022 2,419
14 Fixed asset investments
Listed investments
£
Cost or valuation
At 1 October 2022 124,203
Valuation changes 2,057
At 30 September 2023 126,260
Carrying amount
At 30 September 2023 126,260
At 30 September 2022 124,203
15 Debtors
2023 2022
Amounts falling due within one year: £ £
Other debtors 9,270 2,500

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

16 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 2023
£
625
1,181
1,255
3,061		 2022
£
675
1,235
1,087
2,997

17 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in Movement in funds Movement in funds
funds
Incoming
Balance at		 Incoming Resources Balance at
resources 1 October 2022 resources expended 30 September
2023
£ £ £ £ £
Luana Herrera In Bolivia - - 1,850 (1,850) -
University Fees Bolivia - - 400 (400) -
Staff Christmas donations - - 725 (725) -
Brother David's 80th donations - - 1,452 (1,452) -
Benefact Grant - - 2,000 (2,000) -
- - 6,427 (6,427) -

18 Analysis of net assets between funds

Unrestricted
funds
Designated
funds
2023
2023
£
£
Fund balances at 30 September 2023 are represented
by:
Tangible assets
402
-
Investments
126,260
-
Current assets/(liabilities)
29,242
-
155,904
-		 Total
Unrestricted
funds
2023
2022
£
£
402
2,419
126,260
124,203
29,242
60,997
155,904
187,619		 Total
Unrestricted
funds
2023
2022
£
£
402
2,419
126,260
124,203
29,242
60,997
155,904
187,619
187,619

19 Related party transactions

INTERDENOMINATIONAL DIVINE HEALING MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

19 Related party transactions

(Continued)

During the year the charity incurred costs of £Nil (2022: £7,423) relating to the Christian Irish Diaspora Association an affiliated ministry of the charity. During the year the charity received donations of £600 (2022: £1,972) from the Christian Irish Diaspora Association.