EXODUS TRUST
(A COhlPANY LIMITED BY GUARANTEE)
ANNUAL REPORT
AND
FINANCIAL STATEMENTS
YEIAR NDED 31 AUGUST 2022
Registered with Ilic Charity Con)Jnission lorNoithem Ireland.. NIC 102463
Conipany regisiralion number.. N1065788

EXODUS TKUST
l&1 COIJPANY LIhllTED BY GUARAKIEE)
YTr:AII F-NIJTr'I) 31 AUGUST 2022
CONTENTS
Page
Charity Tr)formation
Tnislees, Report
3-10
Iiidepeiideiit Aiiditors, Report
Stalemei)t of Fiiiaiicial Activilies (ii)cludiiig incoine ¢lnd expeiiditui'e accoiint)
17
B<11ance Sl)eel
18
Sialeiiiei)l of Casli Floivs
19
Noies to tlie Fiiiaiici1< I Sic1teinei)ts
20-36

EXODUS TRUST
{Il COIIPANI. I,INlttED IIY 6UARANfEL)
YEAR ENDED 31 AUGUSI. 2022
CHARITY INFORMATION
Reglstei'ed iyitli Tlie Charity
Coinnilssioii for Nortlierll Irejand
NIC 102463
Company Registralion Number
NI 065788
Trustees
Mr A R Lynas
Mr P R Lynas
Mrs G A Wiiherow
Mrs L R Lynas
Mr S J Richtiiond
Mrs K Welsh
Dr C Agneiv
Mrs G Maxiyell
Chlel Execullve offleer
Mr J Broivn
UK & Ii'elalld Dlrector
Mr J Cumniings
Seci'etary
Mr S Broivii
Reglstered o￿lee
29 Railivay Sireet
Li5burn
BT28 IXP
Auditors
Jackson Ai)dreivs
Chc1rlered Accouiilants & Registered Auditoi.
6 Miindeville Mews
Porliidoivn
BT62 3NS
Accountaiits
Aiken & Co LLP
Building 2
The Sidings
Anlriiii Road
Li5biJrn
BT28 3AJ
Sollcltor
McFar111 nd Griqhli m Mccornbe
41-43 Bachelors Walk
Lisburn
BT28 IXN
Maiii Bankei
Bank of Irelaiid
2 The DianioIid
Coleraine,
BT52 1 DE

EIODUS TRU.ST
Ill CO.IIP&lNI' l.IhllTED DI GUARAKfEE)
I'EAR ENDED 31 AUGUSI 2022
TRUSTEI Ei S, REPORT (INCLUDING DIRECTORS, PORT)
The TnJsl¢es presenl their report and audited financial statenienls for the year ended 31 August 2022.
The fiiii< ncial slaleniejils Iiave been prepared in accordance ivith ihe accoiinling policies set oiil iji Il)e
iiotes lo the fin¢1nci%il slalenienls and comply ivilli the cliarity's MeIiioTaiiduJn and Article5 of
Association, Ilie Charities Acl (Noriliern Ireland) 2(K)8, Charilie.s Act (Norihern Jreland) 2013. Tl)e
Clidrilies (Accounls and Reports) Regulalioiis (Northern Ireli¢ lid) 2015, Con)PL11)ies Act 2006 and
Accoiinliiig aiid Reporting by Charilies: SiateEiieiit of Recoiiiiiiended Prnclice applicable to cl)(Irilies
pi'epai'ing tlieir accounts iii accord4111ce ivith Ilie Fiiiancial Repoi'lino Slrfiiid41rd applicable iii Ihe UK Iiiid
Repiiblic of Ii'eland SORP 2019 (FRS 102).
STRUCTURE, GOVEI RNANCE AND MANAGIMEI NT
Exodus TrLisI is registered chi1rily iviih the Chariiy Cornmissioi) for Noi'iliern Irelaiid and d Colllpally
lii)iiled by g1142raniee. registered in Northern Irel41nd. The coii)pAny ivas iiieorpornied 0116th August 21x17.
Th¥ company iv1￿ esl<iblished linder a meiiior4iiiduiii of Association ivhich eslablished the objects E1T)d
poivers of Ilie ¢oii)pany and is governed by ils Arlicles of Associ¢1tion. The liability of ils niembei's is
imiied in Ihlll every Iiieiiiber of the coiiipaiiy undertakes lo coniribiiie <lll 1111i0uni not exceeding £ l in
tlie eveiit of the conip1¢ ny being ivoiind lip.
Refereiice aiiil a(IministraliYe (letails
The registered Iianie of Ilie charily is Exodus Trusl. charily regislrillion niliiiber: NIC 102463 aiid
COl))P¥1ny regisiralion nuiiibei.. NI 065788.
Registered o￿let
Clilef Executlve Offlcer
29 Rciilivay Slreel, Lisburii, BT28 1 XP.
Mr J Brown
UK & Ii'elaiid Dlrector
Mr J Ciiinniings
Jackson Andreivs, Chartered Accounl4inls & Sl4?lulory Auditor
6 Maiideville Meivs, PoTladoiYJi. Co. Arniilgh, B T62 3NS
Bank of Ireland, 2 The Diamond, Coler<iine, BT52 1 DE
McFarlaiid Grahaiii Mccoiiibe. 41-43 Bachelors Walk.
Li5burn, BT28 IXN
Audiloi.
BAiikers
Sollcltoi's
Trustees
The TrLisl¢¢s, Ivho arc iilso Ihe direclors for ihe piirpose of coiiipany laiv, and ivho served diirlng ihe
ye&ir ivere..
Mrs C Aiken
Mi. D Keys
Mr A R Lynas
Mr P R LyI)as
Mrs G A Willierow
Mrs L Bell
Mrs L R Lyiias
Mr S J Richniond
Mrs K Welsli
(resigned 6 December 2022)
(resigned 17 February 2022)
(resigiied 13 October 2022)
(appointed 17 February 2022)
Dr C Agiieiv and Mrs G Maxivell ivere appointed Iriistees on 6 DeCen)￿r 2022.

EXOI)US TRUST
IA CO,IIP&lNY l.IhifTEDBY GUARANrv.L)
YEAR Tr:NDED 31 AUGUST 2022
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
STRUCTURI, GOVIRNANCE AND MANAGCMEtNT (CONTINUfD)
Trustees (ctsiiliiiiied)
Neiv Triislees are appoiiiled ivhen iippropriate. Suilable candidales are considered on ilie basis of their
skills, exi)erience and syiiipaihy iviih Ihe ilillis of Ilie charily to ensure Ih&l1 they al-e coiiipetent to fulfjl
Iheir role. Neiv Th'LlStees ivill be agreed al a board nieeling before being invited to join. Ti'&1ining ai)d
suppoi'l for Trustees is provided as required.
Ilow tlie charlty iiiakes (leei51ons
The Trustees and execulivc iiiailageiiieiil nieei 3 10 4 liiiies a year to sel strategy. disciiss significi111t
niatlers 42nd reviciv inanageTiienl accouiils for Ilie charily. Dui'ing these iiieeliiiBS jIllPOrtaiil decisio)Is
are m¢lde by coi)sensus of the board. D4iy lo day decision 111<1king responsibililies rfire delegated lo the
ch¢1rily'.s .senior iiianageiiienl leai)i and ils deparlnieiilal leaders.
Reniuiiei'allon of key niaiiagenient
The Trusiees sel the Pliy for k.ey iiiaiiageiiienl al a level Ihey believe reflects ilie Iialiire of the i'ole aild
Ilie level of responsibility involved. This is revieived aiiiiually in lighi of current perforiiiaiice, cost of
liviiig and budgetary coiisidei-alions.
RelAtlonslJlps ivitli related partles
The charity requii'es Triisiees to con)plele disclosure of interesl fornis on appoinlii)eIil and lo iipdale
these ¢1S required in order io idenlify potential relaled parlics Ihlll n7ay require disclosure iii Ilie fiiiaiicilll
sl¢11ements. Tliis disclosure llnd il descripiioii of Iliose re111 ted Pllrties Clln be found al Iiole 25 to Ihe
financiAI stalenienls.
Ad(lilional i'elAted partles
Aiken & Co I.l.P are eiig<iged oiir accountaiils aiid a parlner in ihis rim) is i))arried to Claire Aiken,
one of the ch4qrity's Ti'tsslees.
OBJECTIVES AND ACtIVlTILS
Tlie princip471 aclivlty of Ihe ¢h¢lrily is lo advaiice the Chrisliaii religion and proIiiole the benefit of
youiig people prim(Irily but iiol exclusively in Ireland.
We i?r¢ a cliarity 11)at ediicclles and assisls such young people, i￿eSpective of tlieir religious beliefs,
Ihi'ough their leisure-liine activities so as lo develop iheir physical, ii)¢nlal aIkd spiriiual capacilies Ihiil
they ii)ay grow to full iniilurily as individuals and inenibers of society. Iii particuli￿, Ive:
Provide fd1cilities for recrealion or oiher leisure tiine occupation ii) the interest of social welfare
for young people in Irell& nd iviih the object of iiiJprovii)g the coiidilions of life for sucli person5;
Provide 1< 11 <ilcohol aiid drug free ¢ro8s comniunily environiiieIil for Ilie spiritlliil, Sociiql and
pI)ySlC<111'ecreiilion aiid Iraining of young people iviih Ihe object of iiiiproving the condilions of
life of siich yoiing people;
Piovide progfiommes of n)entoriJ)g and small groups whereby young people can learn from and
be supported by older people and so help achieve their full educational and persoilal polenlial.
We also provide developnienl aid and support lo local coniiiiuiiilies. priniarily biii not excliisively in
developing coiinlries, for tlie furtherance of the relief of poverty, the advaiicenienl of edtication aiid
oiher purposes beneficial lo these I￿￿11 cojimnunities.

EXODU.S Tllus'r
(A CO)IPANY LlhllTED IJI. GUA]IANfEE)
IEAR ENDTr,D JJ AUGUST 2022
TRUSTEfi S, REPORT (INCLUDING DIRECTORS) REPORT) (CONTINUED)
OIIJECTIVES AND ACTIVITIKS (CONTINUED)
Exodus ivas esl<iblislied in Portsteivart, Northern Ireland in 1997 #nd our vision is to see generaliojis of
youiig people boldly folloivlng Jesus aiid becomiiig lifelong disciple 1114ikers.
We currently ivork" 1¢ loJ)gside youn8 people. disciple niakers. chiiithes and conimui)ilies in li'eland,
Huiigary iiiid RoiiiaiJi<?. We see our role as r¢iisiJig up yoiing people who ivill live oiil a bold ai)d aciive
Cl)iislian fnilh ivhere they live and throiigh 25 years ol disciplc Ii)aking, Ive have joiirneyed i%'illi over
15,000 youiig people and leaders.
We offer four primary opporliinilies fiill of depth. fun aiid dventU￿.
I. TEAMS - Unforgeiiable sii11&11 group Iidi'eiilures coii)bii)ing discovery, friendsl)ip and ini.ssion.
2. EVENTS & RESIDENTIALS - Full, ii)lenlional aiid cre4ilive opi)orluiiilie8 ivhicli build coimmiinily
and cre4ile discipliiig iiion)eiils.
3. MENTORING - Deep discipliiig relaltonships beiiveen youiig people and older Christians.
4. TRAINING AND RESOURCES Cre11 live 11111 lert<l1.s and ivoiK"8hop.$ 10 equip le¢1d¢rs, pareiits and
youiig people lo iiiake disciples.
GrAiit iiiaking pollcy
Tlie cliariiy 11147y provide some finaiici411 assislaiice to or8anisalioiis Iliii l il believes ivill advance its
oiperall objectives. Prin)arily Ihis is directed lo our sister org4inisalioi) 'Exodus CEE" operalii)g in
Hiingary and Roiiiani2¢ .
Use of volui)teers
The chai'ity conlii)ues lo rely on ihe iyork of voliinleers ivho assisi in office odihinislrsilive roles, help
al v(Irioiis eveiils Ihroiighoiil Ilie year <2nd lei2d Ihe le<1ms ivl)ich nieel Ilirouglioul Ihe year and ITiivel
dui'ing the siiiiiiiier. We esliii)ale a conlribiilioii oral lerfisl 45.51K) volunieer llours in 2021122 eqiiivalent
10 £568,750 ai ail iiveri1ge hourly Tille of £12.50.
Fiill Tliiie.8elf Fuiided Voluiiteers - e.g. Mi5.sionarAes & Interns - 18.IM)O hours
ReEiIIAr & Sesslonttl Yoiith Ivoi'k Volunteers - e.g. Team leaders & iiienlors - 25,000 hours
Regulai. pxi* tlfftiie supi)oi't voluiiteers- e,g. Flnancial & Adinin Siipporl - 2,5(X) hoiiys
PUBLIC BEI NfFrr STATCMINT
The Board of Exodiis Trust confirni Ihal they have had due regiird for the guidance produced on piiblic
benefit by the Charity Cominission for Northern Ireland and c1re pleased io Teport Ihi( I during Ilie ye1( r
the chLlrilable conipany h1¥ s coiilinued io provlde public benefjls lI￿oUgh Ihe prograiiiine8 aiicl services
we offei.. II) P41rticiil¢ir, Ilie directors ¢oiisider how plani)ed aclivilies ivill conli'ibule to the 1¢ inis aiid
objectives they have sel out.
Public benefsts
The iruslees believe that boih our purposes .salisfy boih elenieiits of ihe piiblic benefit requireiiient.
Piiryose l..
The direct benefils ivhicli floiv from this puq)ose include:
The opportiinily lo consider, celebrale and express ilie Chrislicin faith.
The 1& doptioii of il morqil franieivork folloiving the leacliiiigs of Jesus. This includes proiiioliiig
peace, iiieeting the i)eeds of others, lolerance cind respeci for diversily recognising all 4iS being created
by God i1nd therefore all are equal.
The provision of Cljrislian religious educc?lion.
Provision of Iraii)iiig nd sK"ills developiiienl linked lo Exodus proorammes thai iyill have aid oIigoing
coiiIEKlence in areas such as public speaking. groiip facilitation. good Pnciice in youth work,
leadership, eveiit nianagenient aiid teaiiiivork".

EXODUSTRUST
IA CO,IIPANI' r.IhItrED BY GUARANtEE)
YEAR ENDED 31 AUGUST 2D22
TRUSTEES, REI PORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
OBJECTIVES AND ACTIVITJLS (CONTINUED)
Public benefits (continued)
- The provision of youth cenlres and activities opeii to all whicli encourage social contacl aiid inleractioii
Iviih il positive ethos.
The i)rovisÉoii of volunleeriiig opporlunities iviihiii cenlres and I(￿al coi)Iniunilies.
These benefils are denionslraled Ilirough stories recorded froni participanls aiid ￿￿rtner organisalions,
feedback fi'oiii voliinteers, quartei'ly iipdales and Ilic aiiiiual report. Iii providing Ihes¢ bei)efits, Exodus
seeks to share the core tenets of the Chrislian faith, however, il ivill iiol condone aIiy acliyilies ivhich
put uiidue pressiire on Individuals lo laK"e on Ihese beliefs. The beiieficiaries of this piirpose are young
people liviiig in Ireland Aged 15-25, There ivill also be a diTeci beiiefil lo youth leaders Irained in roles,
,111 iIidir¢cl benefit lo the f4iniilic.s of youiig people and a ivider benefil lo the local coiiiiiiiiiiilies. A
i)I'ivale beiiefil lo staff ivill &1rise as Iliey are patd <iiid lllso Irained lo carl'y out Ilie role bul Ihis is neces8¢1ry
c lid iiicidei)l&il aT)d Pciyiiienl Is iii liiie ivilli appropri¢il¢ levels of reiiiuiieralion. Aiiollier priv¢11e beiiefil
floiyiiig frojii this purpose is Il)at gaiiied by 11 Tnislee ivho also lias a leenage child ivho lake8 pai'l iii
aclivilies. This Ii'iislee applies for and is assigiied places iii Ihe saiiie ivay 41S lill oiher beiieficiuries. This
b¢i?¢fil is incidciilal and iiecessai'y lo ejisure Ilie bcJ)efil is tx'ovided lo oiir beneficiai'ies.
Piiryose 2..
The direct beiiefils ivliich floiv froni Ihis purpose iiiclude:
The provision of practical repairs. niaiiilei)ance and food dislribiilion lo care for those iii iieed.
The provision of Christian religious educalioIi.
These benefils are dei))oiislraled Ihrougli siories recorded froiii participaiils aiid Pl& rliier orgrfinisaiions,
feedback froin voliinleers, qiiarlerly updates and Ilie ai)niial report. In providiiig these beiiefils Exodus
seek.s lo shal'e Ihe core leiiels of the Chrisliaii f4iilh, however il ivill iiol condoiie aiiy activities ivhich
pill iindiie pi'essure OI) individuals 10 lake on Ihese beliefs. The beiieficiaries of this purpose are
iiidividuals aiid coIiiiiiunilies priiijarily bul iiol excliisively in developii)g couiilrie5.
ACHIEVEMENTS AND PERFORMANCE
Marcli 2022 Tepresenled 25 years since ihe Exodiis ivas foui)ded and ive h4ive been able 10 enjoy a
speci<il year lo inark the occasion!
Beliveen I September 2021 aiid 31 Aiigusl 2022, Exodus slaff and voliinleers in Ilie UK & Irelaild
delivered 489 unique Iiiinislry opporliinilies and experiences to an aniaziilg 12619 pJi'licip&i)Is,
These ivere delivered across oiir 6 localion5 Coleraine, Lisburn, Derry, Belfast, Currick, Baiibridge
aiid represeiil significaiit celebraiioii.
Teanis
49 Teaii)S <111d 420 P£qTlicipants
Teaiiis represenl our core youih niinislry aclivity represen111￿ an iiivestii)ent of at lea51250 houiE ITI
each P*irli¢ipi1111. This year saw teams return lo interiiational voluiileering (alongside Jiiuliiple groups
serviiig in Irelaiid) and partlclpiltion nuiiibers increase by 12% (althougli still Short of ihe pre-covid
level of aroiind 420).

Tr.XOI)US TRUST
(A Coll IPANI. LINirrED BY GUAKANrF:fr')
I'fr.AK Tr.NDED JI AUGUST 2022
TRUSTEES, REPORT (INCLUDENG DIRECTORS, REI PORT) {CONTINUED)
ACHIEVE￿1￿1 NTS AND PE4 RFORMANCE (CONTINUED)
I vents & Resldenllals
426 events <2nd 11917 participants
Events t1¢ke either an oulreacli focus
enabling young people io coiinecl iviili peers cind Ihe
oi'gi2nis¢ltion foi. the first liine or a discipleship focus ivhere the priorily is investing in young people
Ivho are keen to develop thetr fJilh.
Tl)is year has seen 11 .signific?( nt groivih in our school's ivork ivliich represenls 30% of these
participants aiid incliides a ivide riinge of aclivilies includiiig Asseinblies. Clwislilin Unioiis. Alpha
courses Klnd our neiy SOAR leadership coiirse.
Mentoi'ing
Meiitoring for Iipprox 60 young people
Mentoring rcniilil)s a prioi'ily for our approach lo youili iiiiiiislry, hoivever reslarliiig activilies post-
Pli ndeniic has required greater efforl in our leaii)s ai)d iiienloring and seeii this restart IllOTe sloivly.
Ti'aliilng & Resoureing
350 youth leaders trained aiid 2501)arliier i1Ctivilies
Over 50% of oiir <iclivities ivere Ci1rried out in Pi1rlnei'.ship iviih one or ii)ore chiirclies or organis¢11ion8.
This i'epresenls <7 sigiiific1L Iii liighlighi in our aiin lo Iraii). equip and r¢leilse oihers as Iliey work ivilh
yoiiiig people.
Olliei. Higliliglits & Aclileveiiieiils
Neiv Ai'eas - Exodus Ilelfcisl found a honie in Si Andreiv's presb￿erian chui'ch and Exodus Ci( rrick
ii)oved lo creiiliiig consisleiil oppoi'luiiities Iliroiighoiii Ihe year.
SOAR coui'se - Developiiienl aiid roll oiil of a neiv 6 session self-leadersliip progranlme for school
pupils. Wrfftlleii in liiie iviih Ihe LLW curriculiiiii aiid
Llsbui'ii Ceiitre Refurb - After l O years.lhe ceiilre ivas renovaied to create 1¢ lighier, brigliier space
Ivilli a iiiore ii)ulii-fiiiiclional approcich lo reflect Ihe ivider raiige of opportuiiiiies ive noiv deliver.
ioun(liiig of Exodus Latvla - Our sister organisalioii Exodus CEE ivork'ed iviili parlners in Li?Ivia lo
establish the niinislry Iliere beginniI)g iviih leiims iiicliiding over 90 p47fiicipaiiis!
Drive 25 - To celebrate oiir 25 years, Jiiii Broivn (CEO & founder) drove to RoJi)ania and I'L ised
£15.(M)O lo support £1nd inspire a grealer focus on outreach.
FINANCIAL REVIEI IV
Tl)e deliiiled fiiiancial resulis for Ihe year ended 31 August 2022 are shoivii oli page 17 of the finaiicial
staleiiicnls. The i)el incoii)e for Ihe year Lliiioiinled lo £76.472 {2021- nel expenditure of £15,292). Ai
31 Augiisl 2022. the fiii)ds of the cliL1ri1y aniounled to £589,400 (2021: £512.928) coinprising
iiiiieslricled i ncoine fuilds of £559.102 (2021: £476,479) unr¢slri¢led designated fiinds of £Nil (202 I:
£Nil) and reslyicted funds of £30.298 (2021: £36.449). Ai 31 August 2022. fIxed assets included iviiliiIi
iini'eslricled fuiids are £248.549 (2021.. £245,830) i￿nd iviihin restricted fiJnd5 al'e £16,215 (2021."
£12,008). AI 31 Aiigiisl 2022. free reserves being total funds afiet dediicling reslricled fund5, desigiialed
ruiids ai)d fixed <issels are £310.553 (2021: £230,649).
Principal Soiirces of liicoiiie
Olir pi'liicipal SO￿rceS of inconie came from:
Geiiei'ated - 20Yo - Coi)Iribiilion5 froii) participanls toivard I1￿[r ini'olyemeiil in opportunities
Coiiii)iitted 28V
Pledges & standing orders from churches. trusts & individuals
Oi)e Off - 400/0 Linke<l io project grai?Is & don1¢ lions froim individu2d Is & chui'ches - iiicluded a on¢-
off appeal for Ukrainian partn￿S working ivith ￿ fii(rees. (Also includes Gift Ald).
Team fiiiiidrAlsliig . 12Q70

.XODiiS TRUST
IA CO,%IPANI' I.INIIA'fr.D IIY GUARiiNfEEI
I'*:AM Tr:h'DLD 31 AVGUST2022
TRUSTEI ES, REPORT (INCLUDING DIRE* CTORS, REI PORT) (CONTINUED)
rtlNANCIAL REVIEIV (CONTINUED)
I xpenditure
Olir priiiiiiry areas of expenditure are linked io:
Salaries 40% Priniarily front line youih WOTk" investing in voliinieer leaders & young people
(including suppon for Exodus CEE (sisler organisalion)
Teani Costs - 2110 Flights. accoiiu)iodalioii & i)iat¢rials
- Youth Minlslyy Costs- 10 %
Ruiiiiliig Costs - 9Q/
Oiie Off - 20% - Ukraine Appe2& l & Centre renoviilion
Resei'yes po]icy and goiiig eoneern
The charily's reserves sliould provide tlie org.IlliSlllion iviih adequate financial stability and Ihe J)ielrf ns
for it lo Ineel its ¢h¢iril&1ble objectives for Ihe foreseeable future.
The Trustees iiileild lo maiiilain the ch4irily'S reserves at level ivhich is al lecisl equiv<ilenl to three
i))onihs operaiioiial expeiidilure and have done so h<iving regards lo ils manner of operntion of likely
fiinding Slrei?IllS.
Tl)e board iyill revieiv the re8erves lo ensure Ihat ilRy are adequaie to fulfil the charity's ¢oniiJiuiiig
obligations on ai) aiinual basis.
Of the lolal funds reported above, £309.288 (2021: £243.972) is Jnade lip ofcii sh nl bil nk. The Tnislees
are coi)fidei)I that the Clish reserves, logeilier iviili expected fulure ineoiiie, Ivill be sufficieiil to iiieet the
woi'king capi11( I requii'einenls for ihe forihcoliiiiig year. The Truslee have also considered the exlenl io
vhicli existing activities coiild be curtailed, sliould Ilie need arise.
Tlie level of reserves incre%￿ed due lo a Iiiiinber of signifjcllnl eveiils:
A Covid Recovery Programnie Grant - received againsl losses.
Ali unexpected and iinreslricled legiicy gifi
A nuiijber of gr47nls or conlribuiions ￿CeiVed in advaiice of developnienl ivork in the ii)comiiig
year for projecls iiicludiiig
Neiv siiiall group niiilerials
Upd4lte of Mentoring App
tA)Ccil Outreach projects
We expecl to speiid inuch of this allocation in 22123 ivhich ivill create deficit for the year and see the
casli reserves in line iviih wl)ai Ihe trustees 11re expecting.
Factors AfTectlJig Fulure Flnaiiclal Performance
t£vel of inflation liiiked lo cost of iilililies and cost of international Iravel
l£vel of P1( rlicipation in oiir leanis prograjiiine
Success of 41 siiiall niiinber of specific Granl applications
Consistency of larger ongoing doiiors
Rlsk MaiiRgement
The Trlislees h￿7ve &ssessed Ihe 11i&1jof ii5k-s lo ii.llicli Ihecharity is exposed, aJ)d are salisfjed Il)at sysleIi)s
are iii place lo niiligale exposure lo the iiiajor risk-s. The Trustees iiiainlaiii a NvritteI) risk regislei ii)
order lo docuIiieiil aiid revieiv identified risks. The piincipiil risks conliniie to be-
Operational strain caused by changeover of personnel
The need for a iiiore coii)preheiisive approach to fire .8afely Jnanlc genienl- and
The challenges of ivorkiijg froin aiid maintaiiiing a large listed building in Lisburn.

EXODUS TRUSf
IA CO,%IPANI' LIhllTEDBY C.VA]blNTTr.Tr:)
YEAR ENDED 31 AUGUST 2022
TRUSTEES, RE*PORT (INCLUDING DIRECTORS, REI PORT) (CONTINUED)
rilNANCJAL REIVIEW (CONTINUED)
Plans foi" tlie futui'e
Ii) Marcli 2022 Exodus released a neiv 3 year plan lo coiiuilence in Septeiiiber 2022.
In i'espoiise 10 a shift of young people aivay fron) Ihe Clirislian laith aiid ehurcli life ive h2( ve set our 3
pi'iorities REACH, DISCIPLE, PARTNER. As such we recogiiise the need io accelerate the
developiiienl of oppoituiiilie5 and slep inlo neiv areas lo support great youth inii)iSlry. Our tivelve
developniei)I goals dre
l. To eiiiploy a neiv, fully fund¢d worK"er for Exodus NE focused oji Te1¢ ching neiv young people.
2. To pilot a te4?In oppoi'lunily liiiked 10 le.Idcrsl)ip dei'elopiiieni ihai appeals Io 12nd eiigciges tliose
Ivlio aren'l Chrisli<gns.
3. To catl£ lyse a range of iieiv dl)d crealive oulreach iiiilialives pioneeied by our b¢1ses.
4. To deliver I'eshaped ai)(I re-branded inlern prograiiime iviih an inteJilion11 I fociis on disciple
11)¢ik"iiig leadership developiiienl.
S. To ci'ecile a lull Sel of leaiii coiirses - re-wrillen, disiially delivered.
6, To build a slralegic Iipproiich to developiiig innovative and advenliiroiis placeiiieiils for leaiiis.
7. To build and1i1lll)cli a neiv iiiodel for Churcli coi)Iiiiissioned L*xodus ivorkers ivho reach local
youiig p¢oplL ivill) Ihe gospel r42ise lip lifeloi)g disciples of Jesus.
8. To11d iinch a niiiiislry 10 Iielp fathers disciple Ilieir children
9. To appoiiil a ivorker iyho will unlock Jylore of Ihe poiential of Ik ivilh Me Ihi'ough refining
tlie process aT)d largeled iiivilnlion, Iraiiiijig aiid sijpport.
10. To sei up a honie for the iiiii)islry in Cclrri¢k and Neivloivnnbbey.
I l. To build neiy database aiKI onliiie pliiilonn io sii)Iplify & slreaiiiline aclivilie.s for pai'ticipanls
& staff
12. To forni a voliinleer suppori groiip for eiicll Exodus A￿a ivorkii)g lo help Ilie ivork flourish
locally.
The.5e projects will e42ch be sel al a pace that is recilisii¢ for Ilie slaff leam and achievablc wtihin existing
biidgels or iieivly soiirced income. As ive hli ve grown froni I centre lo 6, Ive noiv iecognise the need
for (1 Iieiv, iiiore siislainable iiiodel for fiitiire ivork. Tliis Jnodel Ivill seek slronger P&1rliierships wiih
local churches Éind iiidividuiils lo secure Ihe ois'iiersliip and invesiinent for long lei'ni consisleiil youth
iyork in s?n area.
With all this in mind ive look out expectant of the nexl 25 years and n)any Inore lives Iransfornied.
STATCMII NT OF DIREcfoRS' R￿PoNSIBILITIEs
Tlie twstee.s (who are also Ihe direclors of Exodus Trusl) are responsible for prepariiig the Truslee5'
Report ai)d Ihe fiiiancial slilleineJ)Is in accoid<1nce iviih applicable laiv aiid Uiiiled Kingdom Accounliiig
Siaiidards (United Kingdoni Generally Accepted Accounling Pnciice).
CoiiipKlny laiv requires the direclors lo prepare fiiiaiicicil stalenienis for ei1ch financial year. Ivhich give
a true 12nd fi?ir Yieiv of the sl<ile of i1ffairs of the cliarilable conipaiiy aild of the inconie aiid expenditure
of ihe charitable coIiipany for that period. In prepariiig these financial stateinei)Is Ihe directors are
reqiiired to:
• select suitable 41ccounling policie5 and ihen apply thetn consislenily;
observe the methods aiid principles in the Cliarlties SORP 2019 (FRS 102).
i)iake jiidgeimenls and esltmales that are reasonable and prudent-

EXODUS TRUST
IA COIIP,%NI' I.INJII'EI) TII. GUARANTEEI
YEAR ENDED 31 AUC.UST 2022
TRUSTEES, REPORT (INCLUDING DIR￿1 CTORS, REPORT) (CONTINUED)
STA TEI MENT OF DI￿¥ CTORSI RESPONSIBILITILS (CONTINUED)
slate ivheil)er applicable UK Ac¢ouDling Slandi1rds have beeli folloived. subject lo any inaterial
dep<lrlures disclosed aiid explained iii ilie fii)anci¢11 statemenls:
prepare the fin42llcicil sl<21emei)Is on the going concern basi5 ujiless it is inappropriate lo presunie
tlial the charitable comp<iny will contiiiue in operalion.
The Trustces are responsible for keepiiig adequale accountiiig records that disclose with reasonable
1cciiracy al <iny liine ihe finailcial position of the cliartloble conipany aiid enable thein ¢0 eiisure Ihi( t the
rin1& llciiil s11< lenieiils coiiiply iviih the Compaiiies Acl 2006. Tlie directors are also responsible foi.
.S?I fLg111É rdiiig Ilie assets of the ch4irilc1ble cojnpaiiy aiid hence to lake reasoIiable sleps foi- the prevention
lid deleciioii of fraud aiid other irreguliirities.
Disclosiii'e of Infoi'n)atloii to auditors
Ive. Ihe direcioi's of11)e coi)Ipai)y ivlio l)eld office al the dale of approval of these fin<incicil Sialejiieiils
.7$ scl oiil above each eoiifiriii, so f4?r 11 s ive i& re aivare, Ih¥ll:
there is iio relevanl iiudil inforni&1tion of ivhich Ihe charitable COmP41ny's audiiors iinaware;
ve hiive lakeii all Ilie sleps Ihal iY¢ ought to liave taken us directors in order lo make OUT5elves
.iivare of aiiy r¢l¢vaDt aiidil iiiforinalion and lo eslablisli Ilial Ihe chciriiable coiiipany, s Iiiidilors
are aiyare of Ihal infornialion.
Tlie Iruslees are responsible for the n)aiiilei)ance and inlegrily of the corporale aTid fJJianciiil inforlnalioii
incliided oli ihe cliii rilable Coiiipilny's ivebslte. Legisli4 lion in Ihe Uniled Kingdom goveriung Ihe
preparaiioii and disseininalion of flnancial slaleiiienis may differ froIi) legislalioii iii otlier jiirisdiclioiis.
SniRII coiiipaiiles exeI￿p110n
Tliis report has been prepared in accordance wilh the special provisions iel*ting lo sninll conipaiiies
Iviihin Pi?rl 15 of the Companies Act 2006.
Aiidltors
J?1 cksoii Aiidreivs liave indicaicd their iyillii)giiess lo conlinue iii o￿lee and qi resolulioii coiicerning Iheir
re-appoinirnent ivill be proposed al ilie Aniiuiil General Meeliiig.
By order of the Board
Mrs L R Lynas
Trustee
Dale:
io

.XODUS'rRusr
IA CO%fPANS' LlhllTED BY GUARANIEE)
I'LAR Tr.NW)Tr.D JI AUGUST 2022
IND￿1 PEI NDfi NT AUDITORS, Rfi PORT TO MIMBERS ofi XODUS TRUST
(A COMPANY LIMITED BY GUARANTEIE)
Oi)inioii
We h2¢ ve ¢?udiled the fini?llciiil sl%Trleiiienls of Exodus Trust (the 'charilable compaiiy.) for the yeai. ended
3]M August 2022 ivhich coiiiprAse the Stateiiienl of Financial Aclivilies (incliiding inconie ¢lnd
expenditure accoiint). the Balaiice Sheet. Ihe Sialetiienl of Cash Floivs and notes lo Ihe fin(In¢ial
sti2lemeiils, including a siimm1& ry of significcinl &1CCOITnling policies. The finciiicial reportiiig fr¢11neivork
th¢21 h(￿ been applied in Iheir prep4iralion is <2ppIic4ible111IV iind United Kingdom Accouiiiii)g Sl1¢ 1)dili'ds,
iiicliiding Fii).Inci<il Reporting Siaiidard 102 Tlie fiiiaiicial Reporliiig Siaiidai'd applicable iii ilie UK
aiid Reyiiblic of li'elaiid (Ui)ited Kingdo1￿ Gener.Illy Accepted Accounliiig Practice).
In our opinion Ihc financial sliilcm¢nls:
give <7 Iriie and fiiir vieiv of ihe slale of the cliJril¢lble coi)Ipany's affairs a$ 111 31 Aiigii812022fr cind
of ils incoiliing resoiirces and qipplicalion of resources. including its income and expenditure. for
the year ilien elided;
hlliie beeii properly prepared in accordance ivlth Uniled Kingdoni GeIierally Aceepied AccoLinliiig
Priiclicey lind
h&ive been prepilred in ccordance wilh Ihe reqiiirements of Ihe Coinpiinies Act 2(X)6.
Basls foi. opliiion
W¥. Coiiducl¢il our i?iidil in ccordance iviih Inlernalionol Siandards on Audiling (UK)(ISAs(UK)) nnd
applici1ble law. Oiir responsibililie.s under those $161nd1i rds are fi)I'ihei' described in Ihe Aiidilor's
responsibilities for Ilie audit of the finttnci£il slaleiiieiils section of our reporl. We inde￿nden1 of Ihe
chiiril¢1ble comp¢lny in 47ccordc1nce with IhL elhiciil re(iiiii-emenls Ihic I cire I'eleviinl lo oiii. audit of Ilie
finaiicial slaieineiils iii the UK, iiicliiding Ilie FRC'S Eil)ical Standard, ai)d ilie provisions aipailable for
siiiall eiitities, iii Ihe circuinslaiices set out in iiote 24 10 Il)e flnancial slaleiiients, and we have fulfjlled
our other eiliical respoiisibililies in accordaiice ivilli these requiremen15. We believe Ihai the audil
evidence ive h47ve obiained is sufficienl lind i?ppropriilte lo provide a b4iSiS for our opinion,
Concluslon5 l'elatlng to goiiig concern
In aiiditiiig Ilie fii)anciiil slalenienls. Ive have concluded Ihat the Iruslees, use of the going COiKerJi basis
of accouiitii)g in tlie prepariltioi) of the fiiiancial slatemenls is appropriate.
Based oil the ivork ive have perfornied, Ive have ilol ideiilified ally n)aleriiil unc¢rlainlies relaling lo
eveiils or conditions Iliil, iiidividually or collectively. niay cast significant doubi on Ihe chqirilable
COIIIP4111y's ability lo coiiliiiue q< s a goiiig concein for a period of .11 leiisl livelve inonihs froili ivhen the
fin?¢ llciill .slillemenls are ¢?Iiihorised for issiie.
Oiir responsibililies Thd Ihe responsibililies of the Iruslees iviih respect lo going concern are described
in the releviTrnl sections of this report.

EXODUS TRU.ST
(A COIIVAP4Y I,1￿]rrED BY GUARAKfEE)
ITAtt ENDED JI AUGUSI 2022
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF EXODUS TRUST
(A COMPANY LIMITED BY GUARANTEE) (CONTINUED)
Othei. informatlon
The Ti'iislees rfll'e respoiisible for the other inforjnalion. The otl)er inforTnil1ion coinprises aiiy
ii)foriiialion other Ih%in the fJnanci411 slalenieJ)1s and our auditor's report Iheieon. Our opiiiioii on il)e
ftiiaiicial sli£ leiiienls does not cover the other inforilialion and. except to the extent othei'ivise explicitly
slated in our report, Ive do not express aiiy fonii of assurdnce coiiclusion Ihereon.
In coniieclion ivilh our audit of the financial slatemeiits, our responsibilily is lo read ilie other
inforn)(21ion c1nd. li) doing so. consider ivhether ihe other inloriiialioij is nialerially ii)coi)sisleiit ivilli the
fiiiL111cial slalenienls or our k'nowledge obtained in Ihe audit oi. oiheriyise appei¢ I's lo be nialerially
Inisslaled. If Ive idei)lify such nii?teriii l incoJ)sislencies or appareiil iiiaterial nusslaleiiienls, ive are
required lo delerinine ivhell)er there is Illiilerial Inisslaleiiient iii Ilie fiJ)aiicial 51<ilemenls or a Iiialerial
iiiisstateiiient of Ihe ollier inforiiici1ion. If, bit Sed on Ihe ivork ive have ￿rfor1]]ed, ive conclude thi¢ I there
is 11 lli¢1teri111 iiiisslalemenl of this other ijifoTlI)ation: Ive are required 10 repon Ihal facl.
We have tiothing to report in this regivd.
Opiiiions 011 othew iiiatters presci'lbed by Ilie Compaiiles Ac12006
Iii our opiIiioi), b£lsed on Ihe Ivork iindertaken iii the course of Ihe aiidil.,
the inforniiilion given in Ilie directors, report for the finailcial year foi. iyhich Ihe fjnaiicial
slaieiiienls are prepared is consislenl wilh Ihe financial slaleiiienls. aiid
the directors, report has beeii pr¢pq( red in accordaiice ivith 41pplicable legal requireiiieIits.
Mfttters on ivhicli Ive air i'eqiilred lo repDrt by exception
In the light of our knoivledge and uiiderslaiiding of Ihe charitable coinpany aiid ils environinenl obiained
in the coiirse of the audit, we have not ideiilified nialerial n)isslaleiiieiits in Ihe directors, i'eporl.
We l)ave noihiiig lo report in respecl of the following iiiaiiers in relalioii lo ivhich the Compllnies Act
2006 requires us lo report lo you if. in our opinion:
,1deqiiate accouiiliiig records h47ve ttol been kepi, or returns 21 dequl1 le for our audtt have nol been
received fi'oin brcinches not visiied by us; OT
the finc1ncial st<lteniei)Is are nol in agreeiiienl wilh the accounting records and returiis. or
ccrti2in disclosures of directors, reJMuneT14 tion specified by laiv are noi mil de- or
ive have not received 811 the iiifornialion aiKI explanations we require for our audil; oi.
the Iruslees were not ejiiitled lo prepare the financial stateinents in accordance iviili tlie sIiiall
coinpanies. i'egiine aiid lake advaiilage of the small coiiipaiiies, exempiions in preparing the
directors, KepoN lind froln Ihe requireineiit lo prepare cl strategic report.
12

EXODUS TRUST
IA COIIPANY LIhlITED BY GUARANTEEI
YEAR ENDED 31 AUGUST 2022
INDEPENDENT AUDITORS, REPORT TO THE NqEMBERS OF EXODUS TRUST
(A COMPANY LIMITEI D BY GUARANTEE) ICONTINUED)
Respoiislbllltlos of Trustees
As explaiiied n)ore f1511y in the Slatejiienl of Trustees, Responsibililies sel out on pages 9 aiid l O, the
Trustees (Ivho l< re also the direclors of ihe charilable conipany for Ihe puipose of coiiipany law) are
responsible for Ilie preparation of the finaI)cial slaleii)ei)Is and for being salisfied Ihlil they give aiid ti'iie
and fc1ir vieiv. and for sueli internal control Ihe Iru.4lees detern)?i)e is iieces8ary lo encible Ilie
prep¢1ralioii of fii1l¢ iicial 8iai¢mL'nts th1¢ l are free froi)i ii)alcrial Inisslaleinent, Ivhellier due to fraud or
error.
In pi'ep¢11'ing Ilie fJnai)cial statenienls, Ihe Inislees lire re.sponsible for assessing the charilable coinp4?Ily'S
abilily to conliniie ¢18 11 going concerii. disclosing, as appliciible, In<illers related lo going coiicerii and
Lising the going concern b41SiS of accoui)liiig uiiless Ilie Iru51ees iviiher inleiid 10 liquidate Ilie cliarilable
coinpuiiy or to cease oper4ilions, or have no realislic aliernalive but lo do so.
Auilitor's respoiislbllllles for Ihe auillt of the tliiaiielal slfileiiients
Oiir objectives cire lo obti1in reasoni2ble assurance aboul ivheiher the fin4incial slaleniei)Is as a ivhole are
free froiii Tll<iiericil iiiissl411eiiiei)t. Ivlietl)er diie lo fr￿lud or etTof, 1¢ nd lo issue ali auditor's i'cporl Ihlll
incliides our opinioi). Reasonable assurilnce is a l)igh lel'el of assiirance, bill is iiol a giiaranlLc that ali
audit coiidiicied iii accord11 nce ivilh ISAS (UK) will alivays delecl a in471erii¢ l iiiisslaleJi)eJil ivlieii it
exists. Misslatemenls can ￿lse froi)I fraud or error aiid are considered nialerial if. individually oi- in Ihe
ggi'egale. Iliey coiild Keiisonably be expected 10 influence the econoniic decisioIis of users taken on the
bl& sis of these fin4incial slaleiiieiils.
Irregiilarilies, iiicludiiig fraiid, are iiislances of non-coJ)Ipliaiice will) l4iiVS and regiilalions. We design
pi'ocediii'es ii) liiie iviih our i'espoi).sibililies, oiillined iibove. to delecl iillllerial i?iisslalenienl.s in respect
of in'egiil(IriliLs. Ancludiilg fraiid. The specifi¢ prixeduies for Iliis engageiiieiil aiid the extenl lo which
tliese are ClipAble of delLLling irrcgularilies, including fraud is deiftiled beloiv..
I xlenl to Ivlilcli tlie Rudit li'a5 eonsldei'ed capfil)l¢ of dctectlng Iri'egularities, includli)R fi'aud
We idenlify &ind 1ssess the risks of i11￿71ericil n)issliileiiienl of Ilie fiiiaiicial slalenienls, Ivhether due lo
fralid or error, aiid then design 47nd perforiii tlie audii procedures responsive to Ihose risks. including
oblciiiiiiig audil cvidence thal is sufficienl and approprillie to provide 47 basis foi oui opiiiioii.
lllentifying And Assesslng poteiitlal rlsks related to irregularltles
Iii identifying cind assc.85ii)8 risks of Iiiaicrial InisslaleTnenl in respect of irregularlties, includii)g fraud
aiid IioIi-coinpliance ivilh laiv.s and regulations. Ive considered Ihe folloiving:
Aiidlt i'espoiise to rlsks identified:
Ilie n611ure of Ihe induslry .Ind sector, control environn)enl and charily's finaiicial results aiid
position.
currei)I COVID-19 environinenl
resiilis of oiir eiiquiries of inaiiageinenl abolit their oivn idenlificatioii and assessiment of the
risks of irregul&lrilies:
,qny IiTratters ive identified having obtained revieived the Charity's documenlalion of their
policies and procediire.S Tel411ing lo-
idenlifyiiig, evalualing and coiiiplying iviih Iclivs aiid tegulatioiis and ivheiher Ihey wei'e
aivcire of i?ny instances of noii-coiiipliaiice.
deieciing and responding lo Ihe risks of fraud ai)d wlieiher they have knoivledge Of any
1clual, suspected or alleged fraiid. and
13

F,YODU,S TRUST
(A COIIP*lNI' 1,1241tTED BI. GUARANTEEI
Yli.AR Tr.NDTr,D 31 AUGUST 2022
INDEPEINDENT AUDITORS, REPORT TO THE MEMBERS OF EXODUS TRUST
(A COMPANY LIMITED BY GUARANTEE) (CONTJNUED}
Auditor's responsibilltles for the &udll of the financial staten?eiils (coiili1114ed)
Audit response to rlsks fdcntificd (coiiliiiiied):
the internal controls eslabli5hed to ii)iligale risks of fraud or i)on-complIai￿e iviili laivs and
regulaiions-,
Ilie iiiallers discussed among ihe audit engageinent teaiii regiirding hoiv and ivliere fraud might
occur in tlie fiiianci4?l .sl<iiemenls i1nd poieiiiiiil indicators of fnud.
As a i'esLIII of these procediires. Ive considered tl)al Ihe particul4if iire¢l8 in the fii)aiicial slalei)iei)Is Il)at
Ivere ,8uscepiible io niissiateineni ivere related to 1111¢ nagemenl bias iij accouiiiiiig ¢stiinales aiid
jiidgei)ients' recogThitioii. cl&1ssificalion Ilnd coinpletei)ess of iiicoiiie. In coii)iiion iviili all audits uiider
ISAS (UK), Ive also required 10 perform specific procedures to respoiid to the risk" of iiiniiagei)ieiil
OVelTide,
We also obi14 ijied an undersl¢lnding ol the legal And regulalory (raiiieivoi'k"s ihal Ihe Cliarily opeTaies iii,
focu.sing on provisioiis of those laivs and regulations Ihlil had a direct effect on ihe delerniin4lioi) of
Inalei'ial aiiioiinls ai)d disclosures iii Ilie fin&ill¢i111 sliilemeiils. The key laivs and Yegiilalions ive
considered in 11)is context iiicluded Cliarlly legisl4ilioii applicable lo Northern Irelaiid, Chayily's
goveriiiiig docuiiieiil, eniployinenl law, he&?Iih and safely aiid lax legislalioii.
In 41ddilion, Ive con8idered piovisions of oiher laivs alid reguli?lions Ilial do iiol have a direct effecl on
the fiiiclncilil slaleinents bul coiiipliaiice iviih ivhich irÉay be fuIid4inicnl¢il lo Ihe Charily's ability to
operi11e or lo avoid a Ji)aierial penaliy. for ex¢iniple coJ)Ipliance ivilh appliccible ATOL regulalions.
Our procedures lo i'espond lo risks ideiitified include Ihe folloiving:
ideiilifyiiig aiid assessing Ihe d&sign effe¢iiveness of coiilrols nianic gen)eiii has iii place to
pi'evenl aI)d detect fraiid-
revieiving the finaiicial slalenieiils disclosures 1¢ nd lesttng to siipportiiig d(Kuiiienlation 10
ssess conipliaiice ivilh provisions of Televanl Iilivs and regLilaltoI)s described as having
direct effect on the financial slaienienls;
eiiqiiirii)g of iiian4igeiiient 4ind exiernal legal advisors concerning AclLial and poleiilial
litigation and c114 ims-
perforIi)ing analyiici?I procedures lo identify any unusual or uiiexpected relatioiisl)ips th4lt
iiiay indic411e i'isk of n)aterial iiiisslalejmeiils due lo fraud:
reading minutes of meetings of ihose chllrged iviih goveriiance:
oblaii)ing ali iiiiderslailding of provftsions and holding discussion5 Iviih managemeiil lo
Liiidei'slaiid Ilie basis of recogiiilion. and
in addressing the risk of fraud throiigh manageinenl override of conti'ols, testing 11)e
,Trpproprialeness of jOUTiial entrie5 <ind other adjusliiieiils including those relc11ing to reveniie
recognilioI)' <lsse55tng wheihei. the judgeineiils.Ji)iide in m(1king accouiiliiig esiiinates 4ve
indicative of polenli¢il bi1( s; llnd evaluating the ratioiiale of 16 ny sigi)ificani Iransaclioiis that
are large, ujiusual or ou15ide Ihe nomi<l1 course of tlie charily'S <iclivilies.
14

F:XOY)US U'IIUST
(A CO.IIPANY LI￿1[[ED BY GUARANTEE)
I'Tr.AX Tr.NIITr.I) 31 AUGUST 2022
INDEPENDENT AUDITORS9 REPORT TO THE MEMBERS OF EXODUS TRUST
(A COMPANY LIMITIID BY GUARANTEE) (CONTINUED)
Auditor's responsibilllles for the audlt of the financlal slatements (coiiliiiiied)
We also comniiinic4iled relev¢inl identifjed IRivs and regulaiioiis aiid potei)tial fraud risk.s to all
eiigageiiienl leaiiis nieinbets <ind iemained alett 10 4iny indicaiions of fraud or I)oii-coniplidiice ivitli1&2IVS
nnd itgiilaiioijs Ihi'oiighoul the audil.
BecnLise of the inherenl liniil¢llioiis of an audit, Ihere is a risk Ihai ive ivill iioi delect all irregularilies,
incliiding those leilding to ll malei-i141 niisslal¢i?i¢nl in ilie fjiiaiicial slatenieJ)Is or non-coJJiplj¢?nce ivilh
regulalion. This risk incre14 ses the Jnore Ih4i1 complirf1nce with a laiv or regiilaiion is i'ejnoved frojii the
eveiils aiid Iralisaclions retlecled iii Ihe fiiiancial slaleJiiei)Is) 14 s ive ivill be less likely lo becon)e aiv<ire
of insliiiices of non-coii)pliaiice. The risk is lilso gTei4 ler iegarding iTregulai'ilies IKcuiring due 10 fraud
rallier 11)aii error. as fr4iiid involves inieniionftl conceii lineni, foi'gery, collusioii. oiillssion oi.
niisrepresenlalion. We 4ire noi respoi)sible for preveniing noii-conipliaiice aTid caniiot be expecled 10
deie¢i non-compliiiiice ivilh all laivs and regulalions.
As parl of 01) audit in accordaiice wilh ISAS {UK). Ive exercise professionic l jiidgeiiienl 1¢ nd maiijlain
pinfessioiial scepiicisni Ihroughoul the udil. We nl.$0:
deiilify and asse.ss Ihe risks of millerial iiiisslaleiiieiil of Ihe fiiiancial slalenienls, Ivhelher diie 10
fi'&liid or eNor. desigii aiid perforiii audit procedures responsive to ihose risks, ond obioin aiidit
evidcncc Ihat is .sufficienl ancl appropriate lo provide a basis for our opinion. The risk of nol
deiecling 1& iiialerid11 nii5slaleTii¢nl res111iing from fraud is liiglier Ihan for oi)e resuliiiig froiii error,
as fr<iud n11¢ y involve colli)sion, forgery, inleiilioiial oniissioiis, iiiisrepreseiilalioiis, or Ihe
oveiTide of inlernnl conlrol.
Obiaiii an iiiiderslai)diiig of iiiieriial conlrol relevaiit lo Ihe aiidil in order lo design audit
pi'ocedures thai are appropriate in the circuiiislances. bul not for ihe piirpose of expressiiig ali
opinioIi the effeeiiveiless of Ilie ehic rilal)Ic COlllPil1)y's inlcrnal control.
Evalu<iie Ihe approprialeness of a¢¢ounling policies used aiid the reasonableiiess of accouIiting
e51iiii<il¢s llnd relnled disclosur¢s made by Ihe Irustees.
Conclude on the &ippropri<lleness of Ihe truslees. use of ilie goiiig concern bosis of accouilling
1nd. b1( sed on Ihe Iiiidil evidence obtained, w'helher a Inaierial iii)cerl.iiiily exists i'el2L led lo evenls
or coiidilioiis Ihal iiiay cast sigiiiftcaiil doubt oil ihe clLirilable Coiiipii ny'.$ i?bilily lo conliiiiie <18 a
goiiig concerji. Jf ive conclude ili(Il iiiaterlal uiKertaiiily ¢xisls. Ive ¢ire iequircd lo draw i?Ileiilion
iii oui. aiidilor's report io Ilie related disclosures in the financial .slaleiiienls or. if siich disclosui'es
.ire ii)adequ4?le. lo iiiodify our opinion. Oiir conclii8ions are based oil Ihe audit evidence oblaiiied
up lo Ilic dale of our auditor's reporl. Hoivever. future eveiils or coildilions iiiciy cause Ihe
charilcible conipiiny lo ce(Ise lo continue as a goii)g coiicerIi.
Evaliial¢ ihe overall presenlalion, slruclure and coiitenl of Ilie fiijaiicial slatenient5. iIicluding the
disclosiires, Iqnd ivheiher (he finan¢iig1 slalements represei)t Ilie ujiderlyiiig iransactions lind evei)Is
in a iiliqnner IhqTrl Iqchieves flqif presenl4l1ion.
We coniiniiniciile with those chc1rged ivith governance regarding, aniong oiher Jiiallers, the planned
scope iiiid tiTiiing of Ihe audit and significant audit findings. including significani deficiencies iii inlernal
onlrol lh1￿1 ive idenlify during our iiiidit.
15

EXODUS TRUST
(A COIIPANI l.lli Ji'fED BY GUARAKTEEI
I'EAR ENDED31 AUGUST 2022
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF EXODUS TRUST
{A COMPANY LIMITED BY GUARANTEIE) (CONTINUED)
Use of our repoi't
Tliis report is ni4ide solely to the charilable coiiipany's menibers. as body. in accordaIice iviih Chapter
3 of Parl 16 of the Conipaiiies Acl 2006. Our 1¢ iidil ivork has been underl¢lk"en so that ive iiikghi slale lo
Ihe cliiirllable coiiipany's iiieiilbers those inaiiers ive are required lo slate to il)eni iii Illl iluditoi s report
und for 110 other purpose. To Ihe fullesi exleilt perniiiied by laiv, Ive do nol accept or assiiine
responsibility lo anyoiie other Ihan the chiirilable eoii)pai)y and the chiiriiable coiiipany's mejnbers as a
body, for our aiidil ivork. for this report, or for lh¢ opinions ive hcive forn)ed.
Michael Mccarler FCA (Senior Siaiiitory Auditor)
For ai)d on behiilf of Jacksoii Andreivs
Charlei'Ld Acrounlaiils and Sialulory Auditor
6 Maiideville Mews
Porladoivn
BT62 3NS
. qp4& LL
16

EXODUS TRUST
(A CO,IIPANI' LI￿lI.1.￿l) Ill. GUAKANI'Tr:Tr.
YF.AR ENDED 31 AUC.U.ST 2022
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME & EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2022
Unreslrlcted
generRI
fuiids
Unre5tdcled
desiguated
funds
TotHI
Fuiids
Tot2LI
Fuiids
2021
Resti4cted
fuiids
2022
Notes
Jiicome fi'oni:
1)0114l1ioi)s tii)d Icg41cies
Cliic fillible 4lClivilies
Oiher Irilding ¢icliviliey
Oilier
653,553
294,790
32,844
4,036
80
657,589
294,870
32,844
495,829
102,470
8,636
87
Tolnl Income
981187
985 303
607,022
Exi)endllui'e
Ch4lriliible aelivilies
908 831
622,314
Totnl exyeiidlture
Not Iiicon)e I
(expeiidllui*)
Traiisfoi's between funds
Net inovement li) fiinds
(898 564
(908 831
622,314
82,623
(6,151)
76,472
(15,292)
82,623
(6,151)
76,472
(15.292)
Reeoiitlllallon of fiinds:
Toldl fuiids brouglil
forw7rd
Tol#l fuiids ¢g1'rled
foi'iynrd
476
79
528.220
SS9 102
589 400
512,928
All incomc and expendilure derive from coniinuing nclivilies.
Tlie slaieiiieni of fini?ncial acliviiies includes all gains und losses recognised in ihe year.
17

LXOI)IlS I ItLI.S J.
IA LO.IIPANY LIF411Tlt.D JII. GUARANTEF.)
YFJIR F.NDED.11 AU'Gusf 2022
BALANC￿ SHE4 f*T- 31 AUGUST 2022
2022
Fixed H&scl8
Tingible ii SSCIS
14
264 764
257.818
Cili'l￿nI Awts
-76,Df3
309,2811
J45,341
(20 705
324 636
C'asl) lll bliiik ftiid ii) liaiid
243.972
2C)9,519
(14.44C)
255,090
Ci'edltTrr.s: aiiioijiits fallliig duc ii'ilhin one )ear
Ncl ciii'rcnl ￿￿e18
16
Toll1 l a￿￿C.IS le&4 c'ui'i'eiil lialjililli's
Net A.￿et8
589 400
512.9?8
Clinrity Tr iinds
Ilnre.%lrrf tpl fiinil.s
55Y,IU2
47CI.479
Designii led
TolAI tsrtr¢slrictcd fiiiids
19
559 102
476,479
Reslrlcled fui)ds
18
30,298
36.449
Tiit•il ¢hiirily I'un(Is
5¥Y4UO
512.928
The fiiiai)Liiil.slalcsnciii.s ￿'Cr¢ approvcd and llii1horisL￿ for is5uc by Ihe Tnjslees on .
Si8ned oil bchalf of Ih 'D'olrd ofTnisltYS'.
Mr% l.
I'l.yn8S
fv(VJ
Tlie noi0% un pagc$ 20 In 36 lonn pl￿ ri of Ihcsc ucrounls.
C'nnipii)y rryi4if.TrlTnn i)iirMhe.r' NI1(￿$788
18

EXUDUS TkUS1'
IA CONIVANY I.IIUTFD B Y (:UARANfir.F.
yi,'.Iii i.-%i)[?I).11 .4T-,C'(T,ST 2n22
S'l'A'fiMENT or CASH fiLOWS- 31 AUGUST 2022
Not
2022
2021
Casli floii's froiii operaliuR ncllyilles:
tNet L41&1i pri)viiled iiy UP¢1411iRg 4lLlivilic5
40.377
Liisli noi'.s from ini'isliR&¥ 41cli*ilies:
Proc¢Lils froiii s?le of iaiigible lixed a%sL%i8
Purchi2SC OK tJngible fixed assels
19.-584
N'¥1 iiisli U>*C'd in iiivcsÉinK 4Llivili
19.225
Net Incrense In cash ai$h equivaliiilR in ilie reyoi'iliig i)erlort
65,316
27.1.12
C.fLsh llnd cJ]81i equli&leiil.s al tlie l)eglnnliig of the repThrllng peri(>d
243,972
216,R2
Cash Iiiid eAsh cfjulv¥leiits Al tlic ¢ii(l of (h¢ rrportii)R pcrlod
309 288
241,972
Aiialysls oftnsli Aiid eSLsh tquli'Alelltx
Cusli b¢liik ulld iii hand
'I'ot81 c8.4h Riid c&sli eqiili'olellL
3092XR
243 l)72
A. Rtt'onelllalion ttf iitl incniiiel(txp¢lldilyrc) to iicl c#511 noiv
froni opei'nllJiK Acilvliies
2022
2021
Nct incoiiitl(cxyriidllurcl for tlie reporliii% pcrlod (as per Ilie
8fiiteiiieni of fiii&iic*AI Aclivitiesj
Dcprcci4ilion
Profjl oil Ilie.sal¢ of fixed .Iswl.%
(IncrL'iS¢)Idecrcas¢ iii debiors
Iiicreilsel(decrei1se) in etedilur¥
Net Cli811 pr¢)i'ldtil liy opernllng aelii'llle%
7ts,472
46,663
11.5.24)2)
110,486)
25,4311
118,905
116.377

Tr:XODUS'fiiusT
(A COIIPANI, Lllk IITED BY GUARAKfEE)
YEAR ENDED 31 AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS- 31 AUGUST 2022
I. ACCOUNTING POLICIFS
(A) Geiiei'al inforniation and basEs of prepai'atloii
Exodus Trii81 js pfiv£lle compaily lijnited by giiarantee, iiicorpornted in Noilhern Ireland.
Comp<1ny registration iiuniber. N1065788. The registered office is 29 R41ilivay Sireel, Lisbiiri),
BT28 IXP.
Tlie cl)aritable coinpany conslilLiles a piiblic beiiefit eiiiily as defined by FRS 102.
Slalejiieiil of Coiii
lirfince
The fin1( ncii?I siaienieiils have been prepared in ￿7CcOrd￿n¢e iviili Accouilling and Reporling by
Cliarilies: Stiilenieni of Reconimcnded Praclice applic14 ble lo charilies prei)ai'iiig tlieir accoiinls
in E1ccoKd<iiice with 11)e Financial Reportiiig Siandrfird applicable iii the Ui)ited Kingdoni and
Republic of Ire11& 1)d issued iii October 2019. Ihe Finaiicial Reportiiig SILliidard applicable in the
Uiiited Kingdoiii iiiid Republic of IiEl&1nd (FRS 102), Ilie Ch&ll'ilies A¢l (Noi'iliern Irelai)d) 2008,
Charities Acl (Norihern Ireli1nd) 2013, 11)e Coli)￿2n1es Act 21X)6 and UK Gci)erally Accepted
Practice.
The finaiicial stalejnenis are prepared on ll going coiicerji ￿lS￿S under Ihe hisiorical cost
conveiilion,
The finiiiicial slalenienls are prepared iii sterlin8 which is Ihe funclional cu￿e11¢Y of Ihe ch4rily.
Monetary aiilouiils iii Ilie5e financial slalemeiils are rounded lo the neaT¢sI £,
The signific4int d1c¢oiinling policies are set out beloiv. The Trustees consider Ilial these
accounling policies are siiithble, h4?ve been consislenlly applied nnd are supported by reasonable
aiid prudei)i judgeniei)t aiKI eslimales.
{b) Golng concern
The fin1¢ nci<ql .slat¢menls have been prepared on a going concei'n basis as Ihe Iru51ees believe
Ihcgt iio iiialerial iincerlaiiilies exist. Tlie Ilusiees have considered Ihe level of funds held cind the
expecled level of incoliie and expeiidilure for 12 Jiionihs froiii auiliorising these fin¢1Ticial
slffj2lenienls. The biidoeled inconie and expendiluTe is sU￿1¢icnI with the level of reserves for the
cl)arity lo be able lo conliniie o going coiicerii.
(c) Chai'fitable funds
Fuiids held by the charity are eilher:
Unreslricled general fuiids- Ihese are funds ivhich cali be used ill accordance with the
charilc1ble objects ai the discTeiion of Ilie iruslees.
Designated funds- these are fuiids Sei asid¢ by Ihe iruslees out of uilreslricted general
fuIids for specific fulure purposes or projecls.
Reslricled fLinds
these ilre funds that can only be used for particular restricted
purposes ivithin the objecls of the charity. Resirictions ivhen specified by the
donor or ivhen Ihe funds are raised for particular reslricled purposes. The purposes and
uses of the reslricied funds are scl oiit in nole 18 to Ilie fii)aiicial statemenls.
20

EXODU.S TRUST
(A COIIPANI l.IhllT*.I) III. GUARANTEE)
I'EAR F.NDED 31 AUf.UST 2022
NOTES TO THE FINANCIAL STATEMENTS- 31 AUGUST 2022
(CONTINUED)
I. ACCOUNTING POLICIES (CONTINUFD)
(d) Inconie reeogiillion
All ii)coming resources are included in the Statejiienl of Finaiicial Aclivilies (SOFA) Ivhen the
ch&1rity is legrfilly enlitled lo the iiicoiiie after aiiy perforniance conditions have beei) mel. the
aiiioiinl can be niecisured reli14 bly lind il is probl1 ble thal Ihe incoiiic ivill be received.
For doiialions lo be recognised the ch?( rily Ivill h¢lve been nolificd of the ati)ounts aiid tlie
seiilenient date iii ivriling. If Iliere re coiidilioiis allached lo Ilie donation 1¢ nd this requii'es
level of perforiiiaiice before enliilen)enl can be oblaiiied Ihen incoine is deferred iintil ihose
conditions are fully iiiei or the fuifili)ieni of those conditions is ivilhiii the conli'ol of the chl& rily
ai)d il is pi'obiible Ih<?t they ivill be fulfilled. Voluiilary iiicoii]e is received by ivay of gici111s,
donalioi)s aiid gift.s i?nd is included in full in Ihe Sialeiiienl of Fiiiancial Aciivilies (SOFA) Ivliei)
receivable. liicome received froni collections is recognised when received.
Don&led facililies and donaled professioiilll services are recognised iii incoIi)e al their fair value
Ivhen Iheir econoiiiic benefit is probable, it can be iiieasuied relii1bly aiid the chai'ily hÉiS conli'ol
over the ileiii. Fair value is deleriiiined on Ihe biisis of the value of the gift lo the cl)arily. For
exaiiiple Ihe anioiiiii the chi1rily ivould be willing Io P41y in Ihe open ii)arkel for sucli facilities
aiid services. A correspoiidiiig amount is recognised in expendilLire.
No amoiint is included in the fiii&incial slaieiileiils for voluiileer liine iii IiT)e iviil) the SORP (FRS
102).
Graiits aiid coiilracls. iiicluding capital grants, froni ihe governinenl and oiher ugencies l)&lve
beeii ii)cluded as iiiconie froni aclivilies in furtherance of the charily's obj¢cls ivhere ihese
aniouiil lo a contract for services. but iiicliided as donations where Ihe iiioney is given in
respos)se to an appeal or iviih 8rei2ler freedoni of iise.
Oiher income represents income thal caJin(A be reported under tlie other ailalysis headings
provided ivithin Ihe SOFA.
(e) Ei xpei)diture recoEIiltlon
All expenditiiie is iecogni5ed on &1n 47cciuals basis as a Itabilily Is incurred, 21)clusive of VAT
whicli cannot b¢ recovered aiid ha5 been classified Ul￿er IieadiI)gs il)al aggregate all costs related
to the c&legory.
Fiiiiding s)rovided throiigh con11aclu￿2I L1greenientS nd perfornilc nce ielaled gran15 al'e recogiiised
as goods and serviccs are supplied. Oiher grant Piiyinenls cire recogi]ised ivhen a conslruclive
obligalioi) arise.s ihat resulis in the P41yJiienl being uiiavoidable.
21

EXODU.S TRUST
{A CO)IIJ,INI' I.INIITED BI. GUARANTEEI
Yb.AIE ENDED 31 AUGUST 2022
NOTES TO THE FINANCIAL STAT￿1 MENTS _ 31 AUGUST 2022
(CONTINUED)
ACCOUNTING POLICIES (CONTJNUED)
(e) Ei xpendlture reeogiiition (coiiliiiited)
All other expendiliire is recognised ivhere there is a legal or conslruclive obligation lo i)iake
payiiiei)Is lo tl)ird parlies. il is prob1& ble Ihlit the seltlen)ent ivill be required and the aiiioiinl
of the oblig1¢ lion Ccin be measiired reliably.
It is C¢ltegorised iindcr the following headiiigs:
Costs of raising fiiilds include5 Ihe cosls associrflled with allracliiig volui1114 ry incoiiie;
Expendilul'e oil charitable aciivilies includes those cosls incurred by Ihe cli&irily iii Ilie
delivery of ils 11 clivilies cind services for its beneficiaries. Ji includes both costs Iliat can
be 4illocilted direclly io such activities and those costs of an indii-ecl iialure necessary lo
support Iheni, and
Other cxpeIidilure represenls Ihose ileii)s nol falling ijiio the categories above.
(Q Support costs allocation
Siipporl costs are those Ihal assisl the work of the charity biii do not directly represeiit
cl)arilable aclivilies &111d include office ¢osis. governaii¢e cosls ai)d adniii)islralive P¢2ywoII
costs. They are inciirred directly in supporl of expenditure oi) the object.s of the chRI'ily.
Where siipporl ¢OSlS Ciiiiiol be directly allribuled to P¢lriiciilai' headiiigs, they l)ave beeii
lllloc4iled to expendilure on charilable a¢iiYities oil a basls consislenl ivilh the use of the
resources.
(g) TAI)glble filxed assets
Tangible fixed assets are iiulially iiieasured al cost less and subsequenlly iiieasui'ed ai cosl
or valuaiion, nei of deprecialion and any ii))paimienl losses.
Capital graiits received in respect of t4ingible fixed assets are ainortised over Ilie life of the
assel in line with deprecicilion.
Depreciation is recognised so as to ivrile off ihe cost or Yaliialion of assets less Ilieir
residual V&ilites over Iheir useful lives on ihe folloiving bases:
Iiiiprovenieiils lo property
Fixliires and fillings
Equipiiienl
510 slraighl line
IO% reducing b<ilciiice
IO% reduciiig balance
22

>.¥ODUS TRUST
(A COIIPANY LIhIrrED BY GUARANTkTr.
EAR ENDED 31 AUCUST 2022
NOTES TO THE FINANCIAL STATEMENTS - 31 AUGUST 2022
(CONTINUED)
ACCOUNTING POLICIES (CO&Y71NUED)
{h) Debtors and creditors recelvhble / payable wltliin oiie year
Debtors and credilors ivilh iio slated ijileresl rate and receivable or payable iviihin one year
are recorded al Iransaclion price. Any losses arising froiii inipaimienl are I'ecognised in
expenditure.
{1) Impaliinent
Assets nol nieqisured al f4?ir valiie are revteived for 14 ny indicalion Ihai Ihe asset iiiay be
iinpaired al eacli balaiice slie¢l ds?le. If .such iiidicalioii exists, Ilie recovei'able aiiiounl of the
.Issel, or rhe assel's cash generaling unil. is estiiiialed ￿1nd coinpli red lo Ihe carrying ainouiil.
Where Ihe carrying aniounl exceeds ils recoverable <llllOI)nl, iiiipaii'nieiil loss is recogJ)ised
in pi'ofil or loss iii)less the asset 15 caiTied al a revaliied aniouiil where the iiiipiiirnieni1088 i.s
a revalLl<ilioI) decrease.
a) Casli Aiid cfisli equivhlenls
Casli aTid casli equivalents incliide Ccish in hi?nd, deposils lield al call ivith bcinks, olher,shorl-
leriii liqiiid inveslinenls ivilli original iiiaiurilies of Ihi'ee months or less.
(k) fi iiiaiieial instruments
The charily has elecled lo apply Ilie provisions of Seclion I I 'Basi¢ Fiiiaiicial Inslrui)ienls'
and Section 12 '0iher Fii)ancial Iiislruiiienls Issues, of FRS 102 to all of its fini¢ iicial
ii)slrunients.
Financial instrunienls are recognised in the charily's balaiice sheet ivhen Ihe ¢hai'ily becoiiies
P&lrly to ihe conlracluiql provisions of Ihe inslruiiieiil.
Fiiiancial assets aiid liabililies are offset, Iviih ihe iiei ainounls presented iii Ihe finai)cial
stalenieI)Is. Ivlieii Ihere is a legally enforceable rigl)I lo set off Ilie recognised amoiii)1s and
Ihcre is i1n inlenlion lo settle on a net basis or lo iealise the asset aild settle the liiibilily
simullaneoiisly.
Basicfiiiaiicial llssets
B4?5ic fin¢incial t155ets, Ivhich include debiors and cash lind b<ink b411an¢es, are iiiilially
Jneasured al Iransaclioji price iiicluding Iransaclioji costs 4?nd are subseqiienlly C<ll'ried at
amorlised cosl using the effective interest Ineih(Kl unless ihe arraiigeiiienl coi)slitules a
fii)Iqncing trans41clion. Ivhere the IransactiOJi 15 Ine4isiired al the preseiit value of the fului'e
receipts discouiited at a niarkei rate of intere51. Financial assets classified as recetV47ble ivilhin
one year i1re i)ot ainortised.
23

EXODUS TRUST
IA CONIPJSNI LihifTED BI. GUARAKfEE)
I'F.AR Tr.NI)F.D 31 AUGusf 2022
NOTES TO THE FINANCIAL STATEMENTS- 31 AUGUST 2022
(CONTINUED)
ACCOUNTING POLICIES (CONTINUED)
(k) Fliiftnelal li￿trumentS (coiiliiiiied)
Basicliiiaiicial liabililies
Basic flnancial liabililies. iiicludiiig credilors q?nd bank loaT)s are iiiilially recogiiised ai
Iiansaclion price iinless the Iirr41ngement coi)slilules a fiiiancii)g IraIisaclion, Ivhei'e the debt
iiislrunieiil is measui'ed al Ilie preseiil value of ihe future Piiyiiienls discounted al a iiiarkel rale
of inleresl. Finii nci111 liabilities cliissified as payable ivilliin oIie year are noi aiiionis¢d,
Debt inslrunien15 are subseqiienily carried al aiiiorlised cost. suiiig Ille effective iiilerest rale
nieiliod.
Trade crediloi's lire oblig¢ilions Io P1¢ y for goods or services Il)al llave beeIi <icquired in Ilie
oi'dii)<ll'y coiirse ol operalioi)s froiii suppliers. Aiiiounls payable fti'e cliqssified lls ciirreiit
liilbililies il yiiiei)l is due iviiliiI) oiie year or le55. If not, Ihey al'e pre.sented as iion-ciiii'eiil
linbililies. Trjde credilors are recogiiised initially al Iraiisaclion price aIid subsequenlly
Jiie&sured 411 aiiiortised cost usiiig the eff¢clive interest meihod.
(l) Leasos
Renials payable lind receivable under operaling leases are charged lo ilie SOFA on a slraighl-
lii)e basis over Ihe period of ihe le￿e.
(m) Ei)Iployee bencllts
The cost of nny iiniised holiday enlillement IS Tecognised in the period iii Ivhicli the einployee's
s¢rYices are received.
Terminalion benefils are recognised iinmedialely as an expense ivhen the chwc'ily is
deiiioiislrably conllnilled to termii)ate11)e eiiiployiiienl of an employee or to provide ieiiiiiT)alion
benefils.
(li) Relli*l￿e11lS beiiefits
The charily operales a defined contribution plaii for the benefit of ils en)ployees. Conlribiilioiis
are expensed as they beconie payable.
(o) Taxation
As a charity, the cojnpaiiy is able to recover Jnosl Iclx deducled al soiirce froiii its iiivesliiieiil
incorne and is nol liable for corponlion lax on ils (Aher iiicoine or on capffilal gains. Recovery
is therefore Inude of tax credils and lax deducled from inconie received uiider deed of covenant
or gift aid,
24

kXOI)US TRUST
IA COIIPANI, LlhllTED tly GUAHANTTr:Tr.)
'fr:AR Tr.NDED 31 AUCUST 2022
NOTEI S TO THE FINANCIAL STATEMENTS- 31 AUGUST 2022
(CONTINUED)
ACCOUNTING POLICIFS (CONTJNUFD)
(p) Judgenients and estin)afes
Iii Ihe application of Ihe churily's accounting policies, Ihe Trustees are required to 11)42k'e
jiidgemenls, esliinales and assunipiions aboiil Ihe cA￿Y]ng ai)iouiil of fÉssets and li1¢ bililies th1¢ 1
al'e not readily app(Ireiil froIi) olhLr soiii"ces. Tlie estiniales aiid l2ssociaied 1¢ SSLillipiioi)S Llre based
on hi.storical exi)ei'ience aiid other faciois Ihal ai¢ considered lo be relevanl. Aclu.211'esulls
differ froiii Ihese estiii)ales.
The esliiii¢11es nnd Linderlyiiig assiiiiipiioi)s are revieived oil an ongoiiig basis. Revlsions lo
accounting esliiiic1tes are recognised iii Ilie period in ivhich Ihe esiiT)iaie is rei'lsed ivhere Ihe
revision affecls only Ihal period. or ill Ilie period of the revision aiid future periods ivhere the
ievisioii affects botl) curreiit aiid fuiure periods.
The folloiving jiidgenienl.s incliiding iliose involving eslimi?les hcive been i))ade iii the process
of applyiI)g the above accoiinling policies Ihat l?ave Iiad the niosi significani effect oil tlie
aiiioun15 recognised in the flnancial slaleiiiei)ts and Ih4lt have a signifieanl risk of causing
iiialerial adju51iiienl to Ilie carrying 4imounis of asseis ajid liabililies ivithin Ihe iiexl financial
ye<lr.'
(i) depreciaiion nielhod and assei useful lives
INCOME FROM DONATIONS
Unreslrlf ted
rullds
Reslrlcled
(unds
Total Unresiricieil
2022
funds
Rcsiriclcd
funds
Tolal
2021
Doniilions,
Icgncics and gifts
Gi'.2nls
Trus15 and
or£i( nis<ilions
Gift Aid
Job l<cteiiiion
,Schcinc grani
276,527
91,IAO
50
276,577
91,11
231,218
13.675
244.308
26,260
258,852
27,(164
3,978
262,830
27,072
163.289
24.384
6,400
169.689
17,513
450 079
17,513
49.5,829
653 453
657 589
45.750
ncluded ivilhin donation5 is £20,000 (2021: £20.0(Ml) Ivliich rel¢iles lo the fil cililies provided freely lo
the charily. This figure is Ihe value of the gifi lo 11)e ch1¢ Tily ivhich i.s Ilie anioiiiil Ihal the ch?( I'lly ivoiild
expecl to pay in Ihe open markel for an alternative ilem Ihal woiild provide an equiv¥?lent benefit. The
Sc11ne aIiiouiit is included iviihin renl and rates eApeiises. Addilioniilly. dojialioiis also incliide an 4iiiioiinl
of £lO,(X)0 (2021: £Nil) Ivhich ivas received io coiilribule loward expendilure in Ihe folloivii)g fiiianci¢11
yeiqr,
25

EXODUS TRUST
IA CO%IPANI' LihirrED BY GUARANTEEI
'EAR ENDED 31 AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS- 31 AUGUST 2022
(CONTINUED)
INCOMEI FROM CHARITABLE ACTIVITIFS
Unrestrlcted Reslrl¢¢td
fiinds
(unds
Total UnT¢sirieied
2022
funds
Resiricied
funds
Total
2021
isciple$liip
fiindr4qising
isciplesliip
personiil
¢oniribiilions
l)oor 1< dmissions
aiid lill sales
126,663
126,663
52.725
52,725
147,667
147,667
44,042
44.042
80
80
5.703
102,470
294 790
294 870
102,470
OTHER TRADING AC'fiviTILS
un￿strIcted Re51rlcted
ruiids
(Iinds
TolAI Uiire51ricted
2022
funds
R¢siri¢i¢d
runds
2021
Residei)tial centrc
income
Hirelrenial
Iniernship iiicome
Oilier incoiile
15,228
15,485
1,452
679
15,228
15,48S
1,452
679
1,649
6,231
756
8.636
1,649
6,231
756
8,636
OTHER INCOME
Unyeslrlcted
fiin(Is
Reslrlcled
funds
TotAI Unrestricted
2022
funds
Rcstricied
funds
Toliil
2021
Profit on disposal
of fixed assels
87
87
87
87
26

EXODUS TRUST
(A COIIPANI. i.IhirrED BY GUAKINTTr:Tr.
YEAR ENDED 31 AUGUST 2022
NOTES TO THE INANCIAL STATEMENTS - 31 AUGUST 2022
(CONTINUED)
ANALYSIS OF TOTAL EXPENDITURE
Clbarllable
aclli'illes:
Enlioncement
of Clirislillii
rellglon
ljasls of
a110¢41ilon
Total
2022
Costs dlreclly ouocated to acilvltles
Graiit fuiiding
Depreci?1 lion nnd illlP&iirffl¢nl
Discipleship expei)ses
Tri2vel exp¢ns¢s
Flighis nild YISKIS
Dirc¢l
nirecl
84,055
46,663
95,904
16,639
89,497
12,352
1,229
3,226
207
84,055
46,663
95,904
16,639
89,497
12,352
1,229
3,226
207
4,816
3,587
33,359
33,489
21,788
Dirccl
Direcl
Direcl
Dircci
Direci
Direcl
Subscriptioils
Licence fees
Sundry expenscs
.Siic ff d¢v¢lopiiienl
Meeling cxpci)scs
Gifts
Prograinii)e expenses
Roiii(1111%2 cenire
l)irect
DiTeci
Direci
4,816
3,587
33,359
33,48Y
21,788
Dhrecl
DiTccI
Dirccr
Dirccl
Refreslimenls
448,000
448,000
Suyporl Cost$
GoYern%ince (see note 7)
.814ilf ¢osis (See note 12)
Rent and F?¢ les
Cost
15,064
358,027
22,406
13,765
3,354
23,638
4,424
16,212
15,064
358,027
22,406
13,765
3,354
23,638
4,424
16,212
Cosl
Cos1
Lighi ¢ll)d lieal
TelLphone
Postsige. slalionery 4ind priiiling
Cle<1ning
Insiirllnce
Bil nk eharges
Cosi
Cost
Cost
Cosi
Cost
460,831
460,831
908,831
908,831
27

EXODUS TRUST
(A COIIP,INY I.ThI￿ED BY GVARANfEE}
YEAR ENDED 31 AUGUST 2022
NOTES TO THE f4JNANCIAL STATEMENTS- 31 AUGUST 2022
(CONTINUED)
ANALYSIS OF TOTAL EI XPENDITURE (CONTINUED)
Cliarilable
aclivilies:
Enhancemeni
of Chrisli¢1n
religion
Tolal
2021
•IIoc¢11ion
Cosés dli'eclly allocoled to Aellvltles
Graiit fuiidiiig
Depr¢ciaiion aiid inipairmeni
Disciple511ip expeiises
Travel expeiises
Flighis and visas
Repli irs
Subscriptions
Liceiice f¢c5
Siiiidry expeiises
Siaff developii)ent
Mceling cxpcnses
Gifis
Progrllninie expcnscs
Roii)ai)ift ceiilre
Direct
Direci
74.030
45,716
59,954
3,636
200
74.030
45.716
59.954
3,636
200
Direci
Dir¢¢i
Direct
l)irecl
22,379
3.436
5.899
42
22,379
3,436
5,899
42
1,280
1,012
2.216
16,856
2,900
2.114
241,670
Direcl
Direci
Direcl
l)ir¢¢i
1,280
1.012
2.216
16.856
2.900
2,114
241,670
Direct
Direct
Direct
Direei
Direct
Refr¢5hmenl$
Siipport Costs
Govem41nce (see nole 7)
Staff COS13 {sc¢ noic 12)
Renl ftnd rftles
Cost
Cost
12.387
308.757
21,298
6.901
2,814
11,302
2.246
12,180
2.759
380.644
12,387
308,757
21,298
6,901
2.814
11,302
2,246
12,180
2,759
380,6M
Cosl
Cost
Liglil and Iicnl
Tclephone
Posl%igc, slationcry and printing
Cleaiiithg
Insur¢1nce
Cosl
Cost
Cost
Cost
B.211k- cli2rges
Co
622.314
622,314
28

EXODUS TRUST
IA CO.IIPklNI l.IhllTED III. GUARANTEE)
AR ENDED 31 AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS- 31 AUGUST 2022
(CONTINUED)
ANALYSIS OF TOTAL EXPENDITURC (coMriNUED)
£7.179 (2021- £19.214) of the cost of activities Under1￿1ken dii¢ctly and £3,088 (2021 £22) of supporl
costs iyei'e 1¢llYibulable lo reslricled lunds. £440,821 (2021 £222,456) of Ihe cost of activitie5
ui)derlakeii directly aiid £457,743 (2021 £380,622) of supporl costs ivere atlribiildble lo uiuestricled
fuiids. £Nil (2021 £Nil) of the cost of 4lCtivilies iinderlaken direcily and £Nil (2021- £Nil) of support
costs were aiiribulable to desigilaled funds.
7. GOVERNANCE COSTS
Uiwesli'lcte(J Re51rlcted
funds
funds
Total Unrestricled
Restricted
funds
2022
funds
2021
Trusic¢ remuncralion
'rrusi¢c Iravcl
Au(lilor's rcinuiicralion
Legal .Iiid proFcssional
3,456
3,456
3,456
3.456
8.931
12,387
15,064
GRANTS PAYABLE
Tlie ch&lrily ljl12de griint P1yJnenis of £83.095 (2021: £73,070) duriiig Ihc year lo Exodus Ccnli'iil 1( nd
Ea51ern Europe ivlllcli is based iii Hungary Io 11ssisI il in rei1chiiig Ihe Sc1111e 801( Is as those ii) Exodus iii
the UK. Tlie iigreeiiieiil is for iiioiiihly payinenl8 ivhich can be aliered or cancelled by Ilie Iruslees at
lilly liiiie.
NEIT INCOMfi(EXPENDITURE) FOR THEI YEAR
Nel inconiel{expei)dilure) for the year is slaied after charging l (crediling):
2022
2021
Deprecirf1tioI) of taiigible fixed asse¢s
Operating le&lse rent¢ils
Audilors, reniiineration
46,663
45.716
3,456
10. AUDITOR'S REMUNERATION
The aiidiior's reniuneration amoui)Is to an 1¢ udit fee 01£3.456 {2021: £3.456) and other services of £Nil
(2021." £Nil).
29

EXODUS TRUST
IA COIIPANI. LI￿lTr£￿ BY GU&lRANTTr.Tr.)
ENDED 31 AUGUST 2022
NOTES TO THE VINANCIAL STATEMENTS - 31 AUGUST 2022
(CONTINUED)
11. TRUSTE￿, AND KEY MANAG￿mENT PERSONNEL REMUNERATION AND
I XPEI NSES
Tlie charity coiisiders ils key iiiaiiagenienl personnel comprise the Board of Trustees and the senior
leadership leaiii.
The 1011& l aTnounl of remiiner<ltion Alnd benefits received by trusiees aiid senior leadership te?1 l)) in the
ye<lr was £78,180 (2021: £75,683).
Tlie Iriisiees did Jiot have aiiy expenses reijnbursed during ihe yeiv (2021: £Nil).
12. STAFf cosi's AND E1MPLOYE￿I BENifiTS
The average nionlhly nuiiiber of employees during the year ivas as folloivs:
2022
Nuiiiber
2021
Nuiiiber
Office Tiian<lg¢iiienl
17
15
The lolal slaff costs and employees, benefils was as folloiys:
2022
2021
Wages and saliiries
Soci111 seciirily
DefiIied conlribiilion pension cosls
323,848
27,196
281,795
20,363
6,599
308,757
358 027
2022
2021
Allocaled lo:
Enhanceineni of Chrislian religion
358 027
358 027
308.757
308,757
No eiiiploye¢ received rernuneralion of niore than £00.0￿ duriiig the year.
13. TAXATION
As a chai'ily, the conipaiiy benefils froin various exeiiipiions afforded by lax legislalioii. 11 is Iherefoi'e
not licible lo corporation l<iX oil iiiconie oi. gains falliiig due iviil)in those exeinpiions. Recovery is niade
of lax deducled froi)i receipts linder gifi Ilid.
30

EXODUS TRUST
(A CO,%IPANI Llhifib,D IIY GUIlllANTTr'Tr.I
YEAR ENDED 31 AUGUST 2022
NOTES TO THE4 FINANCIAL STATEMENTS - 31 AUGUST 2022
(CONTINUED)
14. TANGIBLE FIXED ASSETS
Improvements
to properly
riixtures
and Equlpnieiit
fittiiigs
Tolnl
Cost
At I Sepianber 2021
Additi011S
At 31 August 2022
840,801
26.447
867.248
64.248
7,976
84.845
19.166
104,011
989.894
53.58L)
1,043.483
Depi'eclatloi)
Al I Septeinber 2021
Ch<1rge for the year
At 31 Augu512022
625,626
40.949
666,575
52,379
1,810
54,051
3,904
57.955
732,056
46,663
778,719
Net book valiie
At 31 Aiigu5t 2022
200 673
18,035
264 764
Ai 31 Aiigiisl 2021
215,175
1,869
30,794
257 838
Iiiiprovenienls lo properly represent costs in respect of Ilie folloiving properlies, owned by Padly
Limited..
1. 36 Long Coniilions, Coleraine
2. 29 Railway Sireei, Lisburn
Tivo of the directors of Pcidly Limited are directors and Irusiees of Exodus Tnist.
15. DEBTORS
2022
2021
Trnde Debtors
oihei. debtors
Prepayi))ents and accrued income
10,869
20,596
455
21,337
3,775
25.567
31

F:XOt)US TIIUST
IA CO.IIPANY LINI￿ED BY GUARANTEE)
I'LAR ENDED3A AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS - 31 AUGUST 2022
(CONTINUED)
16. CREI DITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
2021
Trade creditors
4,067
1,328
15,310
4,134
1,209
9,106
14.449
Oiher creditors
Acci'11471s
17. RETIREMENT BENEFITSCHEMLS
Defiiieil conti'ibutioii sclieines
Tlie cliarily operaies 11 defined conlribulion pension schejne for all qualifying eiilployees. The assels
of Ilie scli¢Iiie 1lr¢ held 5ep¢lrat¢ly froni Ihose of ihe cliai'ity in an iiidependently adi))inisleied fi)nd.
The charge lo profil or loss in respecl of defjiied contribution scliejnes iV<15 £6,983 (2021: £6,599).
18. RLSTRICTED fuNDS
The inconie of Ihe fiiiids of the chariiy incliKle reslricted fuIids coi))prising Ihe folloivins unexpeiided
balances of doiialions aiid graiils held on Irust for spe¢ific purposes.
Baliince
I September
2021
Moveineiil
iii fuiids
Income Expendilure
Balance
31 Aiigust
2022
Transfers
SOAR
Erasnius
Spanish Developiiient
Coleraiiie refLirbishiiieni
8,767
2.879
2,240
2,580
1,478
(4,479)
6,868
4,357
1,280
(960)
i'eveniie
10.555
12,008
58
{3,449)
{1,379)
(5,586)
5.586
1,578
16,215
capital
36,449
4,116
(10,267)
32

XODUS TRUS'I
(A COIIPANY LlhJITED BY C.UARANTEE)
I'F.AK F:NI)F.l) 31 IIUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS- 31 AUGUST 2022
(CONTINUED)
18. RLSTRICTCD FUNDS (CONIINUED)
B4llcince
I Sepieiiiber
2020
Moveinenl
in funds
Income Expeiidilure
Balance
31 AugLSsI
2021
Transfers
SOAR
4,825
.910
3,200
5.000
6.260
{1,058)
(5,291)
(960)
8.767
2,879
2,240
Eri?811111S
Spanish Developmenl
Coleraiiie refurbi8hmenl
i'evciiue
34,490
(11.638) (12.297)
(289)
12,297
10,555
12,008
capital
9,935
45.7.fj0
19,236
36,449
Pur
Ose of Restrlcted Fuiids
SOAR is li schools b¢￿ed leadership developjiienl programnie.
Erasiiiiis is an exehaiige progTaiiiiiie ivhere inleriis froiii Europe coIiie and ivork iviili tlie charity.
Spanish Developnienl is to lielp fuiid a niissionary in Spain.
The chfirily is refLirbishing Ilie Coleraine properly and has received funding ioivfirds Ilie
refurbishnienl.
19. UNRfsTRICTED FUNDS
Balance
I Sepieiyiber
2021
Moveinent
iii fuiids
Inconie Expendilure
Bnlance
31 Aiig115t
2022
Transfers
Unrestricted funds:
Cjciieral
476.479
476.479
981.187
981,187
898.564
(898,564)
559 102
559,102
Desi2n¥ll¢d
Fixed assel fund
476,479
981.187
898.564)
559 102
33

EXODUS TRUST
IA COIIPANI. Llf+ITfED B), GU,IRANfEE
'EAR ENDED 31 AUGusf 2022
NOTE4 S TO THE FINANCIAL STATEMENTS- 31 AUGUST 2022
(CONTINUED)
19. UNRESTRICTED FUNDS (CONTINUED)
Moven)ent
in funds
Income Expendilure Transfers
B¢ilaiice
31 Aiigiisl
2021
I Scpteiiiber
2020
Uiiiesiricted fui)ds:
General
299.883
299.883
561,272
561,272
(603,078
1603.078)
218 402
218,402
476.479
476,479
DesiRiialed
Fixed asset fuiid
218,402
218.402
218,402
(218,402)
518.285
561,272
(603,078
476.479
Pui.
ose of Desl Jiate(I fuii(Is
Flxcd Asset fiuiid - Coi)sisls of fiiiids designaled for Ilie purchase of fixed assets and is released
over tlie related assets. useful lives.
Tlie Iruslees dceiii as Ilie purcl)ase of Ihe Iissels h47ve beei) iiiade, releasii)g Ihe depi'eciÉ21ion over tl)e
life of Ihc assels is Iio loiiger prudeili. Tlie reniaiiiing luiid been Iransfe￿ed lo unreslricied funds.
20. TRANsfiERS
Trai)sfers repi'esenls: siirplus fuiids moved from reslricled funds to unre51ricied general fiinds ivhen the
resirictioIi lias ended. for ¢Xfiiiiple, Ivhen Ihe associated projecl is coiiipleie and Ihis has been
con)iiiiinic42ted lo the cl)arily by the fiind provider: fui)ds iiioved froi)i iinreslricled geiieral fiinds 10
reslrict¢d flinds to iiieel aiiy shorifi2lls* lind fixed assets pUrch￿lSed Irai)sfeiTed fi'on) revei)ue 10 capilal
restricted funds.
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tai)Eible
rixed assets
Cun'enl
assels
Balaiice Rt
31 Aiigiist
2022
Unreslrirlcd funds..
General reserve
248,549
310.553
559,102
Restricted
16,215
16,215
Rei'eJ)ue
14,083
14,083
16,215
30,298
264.764
324,636
589 400
34

EXODUS'I'JIUST
{A COIIVANY LI￿llr￿F.D III. GUAR4pifEE)
YEAR Tr.NDED JI AUGUST 2022
NOTES TO THE FINANCIAL STATEMENTS - 31 AUGUST 2022
(CONTINUED)
21. ANALYSIS OF NET ASSETS BEI TIVE4 EN FUNDS (COJVYINUED)
Tangible
fixed assets
Curreiit
assets
B1¢ lai)ce at
31 Aiigiisl
2021
Uiireslricied fiinds:
Geiieral Teserve
245.830
230,649
476.479
Reslricted
Capital
Reyeniic
12,(K)8
12,008
24.441
36,449
12.008
24,441
257,838
2.55,090
512,928
22. CONTINGENT LIABILITJLS
Tlie chq?ri11¢ ble coinpaiiy lias conliiigeiil liability lo rep&iy gr•nis received if the coiiipaiiy fails lo coinply
Iviih cer141ill condilioiis Slipuli11ed in Ilie leller of offeT and lei'i?Is aiid condiiions of contracl undei. Ivhich
th¢ grants ivere paid. The direclors Ilo iiol expecl ciny clainis lo be Ji)1ide in Ihis i'especi.
23. COMPANY STATUS
The ¢oiiipany is liiniled by giiaratllee and has no share capiial.
On a iviiidiiig up members niay be requird to contribute a ii)aximurn of £ l.
24. ETHICAL STANDARDS
In coii)nioi) willi iiiany other organis<i1ions of oilr size aiid iialuie, we use our auditors to preprf1￿ aiid
llssist in the i)reparalioii of Ilie financial slalenienls.
25. RELATED PARTY TRANSACTIONS
Trustees key Inanageiiieni personnel reinuneralion 4gnd expeiises are disclosed ii) note I I to the notes
lo tlie fiiianci411 slatemenls.
Iiicluded ivilhln expenditure on charilable activities are aniouiils lotallillg £234 (2021: £2.240) paid lo
Lynas Foodservice, a coiiipaiiy in which Mr A Lynas is a director. The amount oivii?g al the yeiir-end.
iiicliided in trade creditors ivcis £Nil (2021: £Nil).
Incliided ivithiii expendilure on legal aild professional fees are ainoiinls lotalliiig £3.960 (2021: £3,960)
paid to Aikei) Accoiinlancy LLP, a cotllP61ny in Ivhich the spouse of Claire Aiken is a direclor. Tlie
iiiouiit oiviiig %il the year-end, ijicluded in credilors ivas £Nil (2021.. £Nil).
35

EXODUS TRUST
IA CO_IIPANY lJl4llYTr.D IIY GUAIIANTTr,K)
YLIR ENDED JI AUC.UST2022
NOTES TO THE FINANCIAL STATEMENTS- 31 AUGUST 2022
(CONTINUED)
25. RELATED PARTY TRANSACTIONS (CONTINUED)
Incliided iviihin donalions and legacies is an aniouiil of £143.333 (2021: £110.799) froii) The Lynas
Ch41rilable Triisl Fund. of ivhich a Iruslee is a close faniily iiieinber of ali Exodus Trust Irusiee. There
vei'e iio aniouT)Is oulslanding at the year-ei)d (2021: £Nil).
Included iviihin donations ai)d legacies is an aiiiouiit of £1,150 (2021: £900) frojii Mr A Lynas. There
Ivei'e Iio diiiounls oulslandii)g al Il)e year-end (2021.. £Nil).
Iiicluded ivithin doi)alions 4lnd legacies is 4in aiiioiinl of £Nil (2021: £2,IM)O) from Mi's C Aikeii. Tl)ere
Ivere no ainounls oiilslandi))g at the year4nd (2021: £Nil).
36