Charity reglstratlon number NIC102643 IRISH COUNCIL OF CHURCHES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
IRISH COUNCIL OF CHURCHES LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rt Rev Andrew Forster Rt Rev Sarah Groves Mr Jonathan Wilson (Resigned 3010312023) Very Rev Dr Ivan Patterson Mr William Hunter Most Senior Apostle OIu501a Obube Ms Georgina Copty Dr Bridget Nithols (Appointed 1712123) Rev Canon Dr Daniel Nuzum Mr George Sayegh FrAnish John Ms Yvonne Langebach Rev Brian Anderson Ms Gillian Kingston Rev Dr Heather Morris Mr Mark Kernohan Rt Rev Colin Campbell Rev Helen Freeburn Rev Trevor Gribben Rev Barry Mccroskery (Appointed 2113123) Pastor Tunde Adebayo-oke James Nelson Fr Calin Florea {Appointed 2315123) Colonel Neil Webb Fr Dr Jobymon Skaria Church of Ireland, President Moravian Church, Vice-President Hon Treasurer Presbyterian Church, Immediate Past-President Antiochian Orthodox Church Cherubim and Seraphim Church Church of Ireland Church of Ireland Church of Ireland Greek Orthodox Church Indian Orthodox Church Lutheran Church Methodist Church Methodist Church Methodist Church Moravian Church Non-subscribing Presbyterian Church Presbyterian Church Presbyterian Church Presbyterian Church Redeemed Christian Church of God Religious Society of Friends Romanian Orthodox Church Salvation Army (Ireland Division) Syrian Orthodox Church Charity number NIC102643 Principal address 48 Elmvrfood Avenue Belfast BT9 6AZ Independent Miscampbell & Co examiner 6 Annadale Avenue Belfast BT7 3JH
IRISH COUNCIL OF CHURCHES CONTENTS Page Trustees. report statement of Trustees, responsibilities Independent examineffs report Statement of financial activities Balance sheet Notes to the financial statements 10-19
IRISH COUNCIL OF CHURCHES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report and financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the a¢¢ounting policies set out in note 1 to the financial statements and comply with the charity's goveming document, the Charities Act 2011 and "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)" {effe¢tive 1 January 2019). Objectives and activltles a. Public Benefit ststement The Irish Council of Churches is committed to the advancement of the Christian religion and the promotion of religious hamiony. Its vision is to be a benchmark of unty in Christ for churches and communities globally by developing and providing a Channel for Ireland's churches to connect through a common belief in Christ. Five values underpin its work: The goal and grounding of all that we do is our shared Faith in Jesus Christ- we seek to be faithful to God and committed to our journey together. Holiness- willing to be opened and Changed by God as we connect with each other and meet together in the Lord., experiencing God's holiness as we spend time together in prayer and seeking to be reconciled in Christ. Respect: respecting and seeking to understand each other's beliefs,. we are aware of our diversity while recognising the presence of Christ in each other as we seek to understand the fullness of God's revelation for the world. Hope- hoping in Christ and living in the power of the Holy Spirit sustaining us and fueling our courage., we are courageous in our vision and mission having the strength together to fulfil our reason to be. Witness: witnessing to God's kingdom of justi¢e, peace and reconciliation through word and action., to our common discipleship in the way we live and work together., and as we listen to the world in which we live and serve. The Irish Council of Churches meets the public benefit requirement in two ways.. 1. The advancement of religion.. The fomial ecumenical body in Ireland, established in 1922, its current membership refleds the changing landscape of Christianity in Ireland across Protestant, Orthodox, Reformed, Independent and Migrant-led churches. Since 1973 it has coordinated the Irish Inter-church Meeting, a formal dialogue befvrfeen the Irish Council of Churches and the Irish Episcopal Conference. Together, the Council and the Meeting bring together senior leaders representing the majority of Christian traditions in Ireland. Member churches express their Christian witness working together for the benefit of all peoples, in Northern Ireland and intemationally. The direct benefrts which tlow from this purpose include the ability of member churches to work together to raise awareness and understsnding of their religious beliets and practices. The Irish Council of Churches provides an opportunty for member churches to better understand each other- promoting co-operation, joint working, and greater efficiency. The direct benefits are demonstrated through regular evaluation of the Irish Council of Churches, services and activities and through feedback from representatives of each of the member churches. The Irish Council of Churches is accountable to all its member churches and its work is reported to their governing bodies. This purpose does not lead to harm. The beneficiaries of this purpose are the member churches of the Irish Council of Churches. The beneficiaries also include the public generally in Northern Ireland specifically those involved in or associated with the Christian faith. There is no private benefit. 2. Through reconciliation and the promoting of religious harmony: The Irish Council of Churches enables churches to work together to promote reconciliation across the historic political, social, ethnic and religious divides in Northern Ireland and through the island of Ireland. The direct beneffts which flow from this purpose include the promotion of political, social, ethnic and religious harmony by promoting good relations between people of different Christian traditions, building cooperation and understanding, and sharing information with the general public. This purpose does not lead to harm. The beneficiaries of this purpose are the public generally in Northern Ireland especially those who look to their church and the Irish Council of Churches to provide guidance on how they should treat others in society. There is no private benefit.
IRISH COUNCIL OF CHURCHES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance Principal Activities Key activities of the Irish Council of Churches include.. Formally bringing together senior representatives from across our member churches to meet, dialogue and plan activities of mutual concern, at least quarterly. Promoting re¢on¢iliation across historic political, social, ethnic, and religious divides. Facilitating joint co-operation through our liaison groups, enabling collaboration, ctroperation and the sharing of infomiation by bringing together representatives with specific responsibilities for a wide variety of aspects of the mission and ministy of our members. Coordinating working groups which advise on topics of mutual concem, bringing together nominated experts representative of the diversity of views expressed by our members. Enabling dialogue, sharing and joint action with the Irish Episcopal Conference through the Irish Inter-church Meeting, representatives of which meet at least quarterly. Highlighting the work of member churches before each other and the wider public in Ireland through disseminating resources, aggregating news on our website, sharing infomiation on initiatives and communicating joint statements. Engaging with govemment and Civil society on issues of mutual con¢em and advocating on public policy issues, as requested by our members, for the benefit of society at large. Working with our member churches on extemally funded projects which fulfil our charitable purposes. Assisting the churches in relating to newer migrant-led churches and building infomial relationships with leaders of other faiths. Working closely with other national and international ecumenical bodies, particularly those established to work in England, Scotland and Wales, as well as Churches Together in Britain and Ireland, the Conference of European Churches and the World Council of Churches. Representing the member churches at keynote public events, including supporting joint public worship. Exploring the ongoing development of our networks to achieve our purposes. Full details of Council activities are available at- www.irishchurches.org.
IRISH COUNCIL OF CHURCHES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Financlal revlew The a¢wunts for the year show a deficit of £19,153 which is more than was budgeted (£15,051.63). The primary reason for this larger than budgeted deficit is due to one off costs associated with events marking the centenary of the Irish Council of Churches and the 50th anniversary of the Ballymascanlon Talks. These Talks led to the establishment of the Irish Inter-Chur¢h Meeting. In January we held a service of Celebration and thanksgiving in St Anne's Cathedral, Belfast. In September we organised "Being Churches Together in 21st Century Ireland": Symposium at which "Called to be One" an updated history of ICC and IICM was launched. These events were significant, both in marking the occasions of the anniversaries, and in providing an opportunity for us, as churches in Ireland, to consider how to continue the vision of hope for reconciliation to which our forebears responded decades ago. The Trustees agreed that these events should be funded from reserves. The Church Leaders, visit to Rome at the invitation of the British and Irish Ambassadors to the Holy See was a particularly significant event. This visit offered the opportunity to speak about the role of the churches in peacebuilding in Ireland, North and South, before and since the Good Friday Agreement at a symposium at which many of the ambassadors to the Holy See were present. Another significant journey was that of the ICC President to the Coronation of King Charfes in May. The theme of the Irish Inter-church Meeting was "Our Re¢on¢iling Vision of Hope- Fifty years since the Ballymascanlon Talks.. It explored the context around the Ballymascanlon Talks, including the priorities, challenges and achievements of those early years. There was also a session exploring current dynamics in intemational Inter- Church Relations. Fr. Martin Browne {Di¢astery for Promoting Christian Unity) shared about recent developments and directions in international ecumenical relations and how they can inform our journey here in Ireland. A varied approach to meetings, whereby some are held in-person and some online-only, continues to prove useful and allows for more efficient use of time and resources, whilst also fostering the connection and trust that underpin the relationships essential to the effediveness of the organisation. We find these relations are only truly developed through in-person encounter. During 2023 we continued to prioritise partnership working, both with our neighbouring ecumenical organisations, and in our ongoing relationships with Christian Aid, CTBI and the DCU Centre for Religion, Human Values, and Intemational Relations. We are grateful for the continued support of our member churches and their commitment to the work that is done together through ICC and IICM. Particular thanks are due to the members of the Joint Management Committee, ICC Executive and Irish Inter- Church Committee for their support and ¢areful attention to matters of finance and governan during the year, as well as the staff team for their ongoing diligence and commitment in pursuing the mission of ICC and IICM. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the accounting policies. Reserves policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to beeen three and six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintsined throughout the year.
IRISH COUNCIL OF CHURCHES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The charity incurred deficit of £19,153 mainly due to the cost of the anniversary events mentioned above, and expenditure on meetings and travel costs for staff and trustees, which has retumed to pre-¢ovid levels. In response to the underlying deficit, the ICC Trustees have agreed to an increase in membership subscription levels of S % for 2024, which will reduce our anticipated deficit to about £9,000, with a view to further measures in subsequent years in order to reduce it further. This increase comes after five years in which subscriptions were maintained at the same level, resulting in an effective decrease in funding, as a result of inflation. Nevertheless, due to the cautious management of the organisations, financial resources, despite increasing costs, underlying deficits have been kept at a manageable level up to this point. Our total reserves now stand at £526,144 and are sufficient to provide for the financial requirements of the organisation going foNiard. Structure, governance and management Irish Council of Churches is a registered Charity, number NIC102643, and is constituted under a Trust deed. The Trustees who served during the year and up to the date of signature of the financial statements were.. Rt Rev Andrew Forster Rt Rev Sarah Groves Mr Jonathan Wilson (Resigned 3010312023) Very Rev Dr Ivan Patterson Mr William Hunter Most SeniorApostle Olusola Obube Ms Georgina Copty Dr Bridget Nichols (Appointed 1712123) Rev Canon Dr Daniel Nuzum Mr George Sayegh FrAnish John Ms Yvonne Langebach Rev Brian Anderson Ms Gillian Kingston Rev Dr Heather Morris Mr Mark Kemohan Rt Rev Colin Campbell Rev Helen Freebum Rev Trevor Gribben Rev Bary Mccroskery (Appointed 2113123) Pastor Tunde Adebayo-oke James Nelson Fr Calin Florea (Appointed 2315123) Colonel Neil Webb Fr Dr Jobymon Skaria The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Funds held as custodian trustee No funds are held as custodian on behalf of others.
IRISH COUNCIL OF CHURCHES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees, report was approved by the Board of Trustees. fv/ Rt Rev A Forsler Trustee 14 March 2024
IRISH COUNCIL OF CHURCHES STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees are responsible for preparing the Trustees. Report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each ffinancial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements, the Trustees are required to- select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent., stste whether applicable accounting stsndards have been followed, subject to any material departures disdosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient a¢¢ounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
IRISH COUNCIL OF CHURCHES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF IRISH COUNCIL OF CHURCHES I report to the Trustees on my examination of the financial statements of Irtsh Council of Churches {the charity) for the year ended 31 December 2023. Responslbilitles and basis of report As the Trustees of the Trust you are responsible for the preparation of the financial statements in accordance wth the requirements of the Charities Act {Northem Ireland) 2008_ l pOrt in respect of my examination of the Trust's financial statements carried out in accordance with the Charities Act (Northern Ireland) 2008. In carying out my examination I have followed all the applicable directions given by the Charity Commission under the CharitiesAct (Northem Ireland) 2008. Independent examiner's statsment It is my responsibility to.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commission under section 65 19)(b) of the Charities Act State whether particular matters have come to my attention. I have examined your charity accounts as required under sectlon 65 of the Charitlas Act and my examination was carried out in accordance with the general Dire19n5 given by the Charity Cornmission for Northern Ireland under section 65(9){b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also Included consideratlon of any unusual items or disclosures the accounts, and seeking explanations from you as charty trustees conceming any such matters. My role is to state whether any material matters have come to my attention givlng m& cause to belSeve: accounting records were not kept In accordance wlth section 63 of the Charlties Act the financial ststements do not accord with those records., or the financial statements do not comply with the applicable requirements ooncernlng the forrn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have completed my examination and have no concems in respect of the matters {11 to {4) listed above and, in connection with following the Directions of the Charty Commission for Northern Ireland, I have found no matters Ihat require drawing to your attention. iscampbell & Co 6 Annadale Avenue Belfast BT7 3JH Dated: 14 Mardi 2024
IRISH COUNCIL OF CHURCHES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restrlcted funds funds 2023 2023 Total Unrestrlcted Restricted funds funds 2022 2022 Totsl 2023 2022 Not88 Incom8 from: Donations and legacies Other income Investments 58,687 6,649 8,605 57,803 116,490 6,849 8,817 59,124 3,009 4,519 58,027 117,151 3,009 4,815 212 296 Total income 73,941 58,015 131,956 66,652 58,323 124,975 re on: Charitable activities 151,109 151,109 130,782 130,782 Net (outgolng)Ilncomlng resources bofore transfers (77,168) 58,015 (19,153) (64,130) 58,323 (5,807) Gross transfers beeen funds 75,554 (75,554) 65.391 {65,391) Net expenditure for the yearl Net movement in funds (1,614) (17,539) (19,153) 1,261 (7,068) (5.807) Fund balances at 1 January 2023 463,717 81,580 545,297 462,456 88,648 551,104 Fund balances at 31 December 2023 462,103 64,041 526,144 463,717 81,580 545,297 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
IRISH COUNCIL OF CHURCHES BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets 11 267,409 266,470 Current assets Debtors Cash at bank and in hand 12 15,274 311,066 14,687 305,080 326,340 319,767 Creditors: amounts falling due within one year 13 (67,605) (40,940} Net current assets 258,735 278,827 Total assets less current liabilities 526.144 545,297 Income funds Restricted funds Unrestricted frjnds 14 64,041 462,103 81,580 463,717 526,144 545,297 The financial statements were approved by the Trustees on 14 March 2024 Rt Rev A Forster Trustee
IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charity information Irish Council of Churches is a registered charity with the Charity Commission Nl and has the charity number NIC102643. The principal activity of the charity continued to be the advancement of the Christian religion and the promotion of eligious hamony 1.1 Accounting convention The financial ststements have been prepared in accordance with the charty's goveming 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 Pra¢ti¢e 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 Statwnent of Cash Flows. The financial ststements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exient required to provide a true and fair view. This departure has involved following the Statement of Recommended Pra¢tice 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. 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 ¢oncem basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the Trustees in fvrtherance of their charitsble 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. 1.4 Income Income is recognised when the charty is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and rt 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 perfomance 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 otheThvise 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. 10-
IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, 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 dIrt 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 beeen 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. 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 impaiment 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.. Freehold land and buildings Fixtures and fittings Computers Not depreciated 200h straight line 330h straight line The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the Carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairnient of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such IndatIOn exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tem liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and selOn 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 simultsneously. 11
IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcles Icontlnued) Bas1¢ financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequenlly 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. Baslc flnanclal 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 fijture 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 ¢redttors are recognised initially at transaction price and sUbseqUenY measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the ¢harty'$ contractual obligations expire or are discharged or ¢an¢elled. 1.10 Employee benefrts The Cost of any unused holiday entitlement is recognised in the period in which the employee's services a received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to temiinate the employment of an employee or to provide termination benefits. 1.11 Retiroment beneflts Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due. crftlcal a¢¢ounting estimatos 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 cuent and future periods. 12-
IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donations and legacies Unrestrlcted R88trictsd funds funds Total Unrestricted Restricted funds funds Total 2023 2023 2023 2022 2022 2022 Donations and gifts 58,687 57,803 116,490 59,124 58,027 117,151 Donations and gifts Irish Episcopal Conference The Church of Ireland The Presbyterian Church of Ireland The Methodist Church in Ireland The Non-subscribing Presbyterian Church The Religious Society of Friends The Redeemed Christian Church of God The Salvation Army The Moravian Church Irish District The Lutheran Church in Ireland The Greek Orthodox Church in Ireland The Romanian Orthodox Church in Ireland The Cherubim and Seraphim Church in Ireland The Antiochian Orthodox Church in Ireland The Indian Orthodox Church in Ireland The Syrian Orthodox Church in Ireland 28,898 10,918 28,898 33,084 28,904 10,918 28,904 33,084 22,166 22,166 22,166 10,918 33,084 22,166 10,918 33.084 5,631 2,774 8,405 5,631 2.774 8,405 1,454 716 2,170 1,454 716 2,170 1,454 716 2.170 1,454 716 2,170 1,478 1,454 726 716 2.204 2,170 1,398 1,454 688 716 2,086 2,170 361 178 539 361 178 539 361 178 539 361 178 539 361 178 539 361 178 539 352 173 625 1,010 497 1,507 366 180 646 344 170 514 361 178 539 361 178 539 361 178 539 354 174 528 361 178 539 249 124 373 58,687 57,803 116,490 59,124 58,027 117,151 13-
IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Other Incomo Unrestrlcted Unrestricted funds funds 2023 2022 Miscellaneous income 6,649 3,009 Investments Unrestricted Restricted funds funds Total Unrestricted Restricted funds funds Total 2023 2023 2023 2022 2022 2022 Rent received Interest receivable 2,825 5,780 2,825 5,992 2,700 1,819 2,700 2,115 212 296 8,605 212 8,817 4,519 296 4,815 Charitable activities Charltsble Charltable Expendlture Expendlture 2023 2022 Staff costs Committees and working groups Cost of trustee meetings Write backs Exchange Rate Variance Travel and subsistence staff Office expenses 90,536 11,547 10,058 (9291 19 10,098 4,724 83,305 7,330 1,433 3,345 {329) 9,070 2,373 126.053 106,527 Share of support costs (see note 7) Share of governance costs (see note 7) 18,958 6,098 17,855 6,400 151,109 130,782 14-
IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support Costs Support Govemance costs Costs 2023 Support Governance costs costs 2022 Staff Costs Depreciation Insurance Office expenses Travel and subsistence staff Cleaning and upkeep Publication costs Bank charges Utility costs Stsff recruitment costs Legal and professional Repairs and maintenanr 2,514 2,514 470 1,966 3,064 2,508 2,508 470 1,966 3,064 2,138 2,222 2,138 2,222 3,696 1,149 131 297 3,974 79 360 3,696 1,149 131 297 3,974 79 360 1,697 1,199 40 526 2,846 257 1,669 1,697 1,199 40 526 2,846 257 1,669 3,772 3,772 5,261 5,261 Accountsncy and legal fees 3,584 3,584 3,892 3,892 18,958 6,098 25,056 17,855 6,400 24,255 Analysed between Charitable activities 18,958 6,098 25,056 17,855 6,400 24,255 Governance costs includes payments to the independent examiners of £2,700 (2022- £2,100) for independent examination fees. Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. Employ88S The average monthly number of employees during the yearwas.. 2023 Number 2022 Number Stsff 15-
IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employees (Continued) Employment costs 2023 2022 Wages and salaries Social security costs Other pension costs 78,013 6,736 8,301 72,691 5,452 7,670 93,050 85,813 There were no employees whose annual remuneration was more than £60,000. 10 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 11 Tangible fixed assets Freehold land Flxtures and and buildings ftttlngs Computers Totsl Cost At 1 January 2023 Additions 266,470 1,870 2,595 1,409 270,935 1,409 At 31 December 2023 268,470 1,870 4,004 272,344 Depreclallon and Impalrnient At 1 January 2023 Depreciation charged in the year 1,870 2,S95 470 4,465 470 At 31 December 2023 1,870 3,065 4,935 Carrying amount At 31 December 2023 266,470 939 267,409 At 31 December 2022 266,470 266,470 16-
IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Debtors 2023 2022 Amounts falllng due within one year: Trade debtors Other debtors Prepayments and accrued income 7,424 6,161 1,689 7,539 3,537 3.611 15,274 14,687 13 Credltors: amounts falling due within one year 2023 2022 Other taxation and social security Trade Creditors Other creditors Accruals and deferred income 3,935 156 286 63,228 3,873 996 36,071 67,605 40,940 17-
IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Anatysis of net assets between funds Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Fund balances at 31 December 2023 are represented by.. Tangible assets Current assetsl(liabilities) 267,409 194,694 267,409 258,735 266,470 131,856 266,470 278,827 64,041 146,971 462,103 64,041 526,144 398,326 146,971 545,297 16 Related party transactions There were no disclosable related party transactions during the year (2022 - none). 19-