Charity registration number NIC102643 IRISH COUNCIL OF CHURCHES ANNUAL REPORT AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 IRISH COUNCIL OF CHURCHES LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rt Rev Sarah Groves Very Rev Dr Charles Mcmullen (Appointed 11104124) Mr Clive Knox (Appointed 0310912024) Mr William Hunter Most SeniorApostle Olusola Obube Rt RevAndrew Forster Ms Georgina Copty Dr Bridget Nichols 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 Very Rev Dr Ivan Patterson (Resigned 11104124) Rev Helen Freeburn Rev Trevor Gribben Rev Barry Mccroskery Pastor Tunde Adebayo-oke James Nelson Fr Calin Florea Colonel Neil Webb (Resigned 10109124) Captian Marion Rouffet (Appointed 11109124) Fr Dr Jobymon Skaria Moravian Church, President Presbyterian Church, Vice-President Hon Treasurer Antiochian Orthodox Church Cherubim and Seraphirn Church Church of Ireland 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 Presbyterian Chur¢h Redeemed Christian Church of God Religious Society of Friends Romanian Orthodox Chur¢h Salvation Army (Ireland Division) Salvation Army (Ireland Division) Syrian Orthodox Church Charity number NIC102643 Principal address Suite 1 Belfast Cathedral Centre Donegall Street Belfast BT12HB Independent Miscampbell & Co examiner 6 Annadale Avenue Belfast BT7 3JH IRISH COUNCIL OF CHURCHES CONTENTS Pag8 Trustees, report Statement of Trustees, responsibilities Independent examiner's report Statement of financial activities Statement of financial position Notes to the financial ststements 9-19 IRISH COUNCIL OF CHURCHES TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial ststements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practi￿ 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 activities a. Publi¢ Benefit Statement The Irish Council of Churches is Committed to the advancement of the Christian religion and the promotion of religious harmony. Its vision is to be a benchmark of unity 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 ourjourney 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 justice, 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 ways- 1. The advancement of religion.. The formal ecumenical body in Ireland, established in 1922, its current membership reflects the ¢hanging 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 between the Irish Council of Churches and the Irish Epis¢opal Conference. Together, the Council and the Meeting bring together senior leader5 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 internationally. The direct benefits which flow from this purpose include the ability of member churches to work together to raise awareness and understanding of their religious beliefs and practices. The Irish Council of Churches provides an opportunity 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 ChurGhes' 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 publi¢ 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 benefits which flow from this purpose include the promotion of political, social, ethnic and religious harmony by promoting good relations be￿een 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 soGiety. There is no private benefit. IRISH COUNCIL OF CHURCHES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 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 reconciliation across historic political, social, ethnic, and religious divides. Facilitating joint co-operation through our liaison groups, enabling collaboration, Co-operation and the sharing of information by bringing together representatives with specific responsibilities for a wide variety of aspects of the mission and ministry of our members. Coordinating working groups which advise on topics of mutual concern, 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 information on initiatives and communicating joint statements. Engaging with government and civil society on issues of mutual concern and advocating on public policy issues, as requested by our members. for the benefit of so¢iety at large. Working with our member churches on extemally funded project5 whi¢h fulfil our charitable purposes. Assisting the churches in relating to newer migrant-led churches and building informal relationships with leaders of other faiths. Working closely with other national and intemational 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 publi¢ events, including supporting joint public worship. Exploring the ongoing development of our nelworks 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 2024 Financial review The accounts for the year show a surplus of £128,713. This includes a gain, of £124,669, on the disposal of 48 Elmwood Avenue, Belfast, the Council's former offices, giving an operating surplus of £4,044 (2023., deficit of £19,153). This Compares to a budgeted deficit of £7,974 and one of the main reasons for this is a saving in staffing costs. Contributions from Member Church's and the Irish Episcopal Conference increased from £116.490 to £122.247, reflecting a 5Q/o increase on the previous year, and the Trustees are grateful for their continued support and commitment to the work that is done together through Irish Council of Churches (ICC) and Irish Inter Church Meeting (IICM). The Trustees are also grateful for the financial support received toward the work of its Good Relations Officer. In 2024, funding amounting to £42,664 was received, while staffing and other costs totalled £39,060. Programme expenses were lower than expected and are projected for 2025. Net proceeds on the sale of 48 Elmwood Avenue have been allocated to a designated Building Fund pending a decision about future premises for ICC'S activities. In the interim the Council has re-located to Suite 1, Talbot street. StAnnes Cathedral. Total reserves increased from £526.144 as at 31 December 2023 to £654,857 a5 at 31 December 2024 and are mainly represented by bank balan￿8. Thanks are due to the members of the Joint Management Committee, who oversee the day-to-day affairs of the Council and to the ICC Executive and Irish Inter Church Committee for their support and careful attention to matters of finance and governance during the year, as well as the staff team for their ongoing diligence and commitment in pursuing the mission of ICC and IICM. The Trustees acknowledge the significant contribution of Dr Damian Jackson, who resigned from his role as General Secretary at the end of 2024 and now look forward to the leadership of Rev Dr Karen Campbell who assumed the role in March 2025. Member church subscriptions will increase by 3.50A in 2025, ensuring ICC and IICM maintain a strong financial footing. The Trustees are satisfied with the financial position of ICC and IICM at the end of 2024. 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 concern basis in preparing the financial statements. Further details regarding the adoption of the going concern 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 between 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 a¢tivities while consideration is given to ways in which additional funds may be raised. This leve5 of reserves has been maintained throughout the year. IRISH COUNCIL OF CHURCHES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 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 Sarah Groves Very Rev Dr Charles Mcmullen (Appointed 11104124) Mr Clive Knox (Appointed 03109120241 Mr William Hunter Most SeniorApostle Olusola Obube Rl Rev Andrew Forster Ms Georgina Copty Dr Bridget Nichols 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 Very Rev Dr Ivan Patterson (Resigned 11104124) Rev Helen Freeburn Rev Trevor Gribben Rev Barry Mccroskery PastorTunde Adebayo-oke James Nelson Fr Calin Florea Colonel Neil Webb (Resigned 101091241 Captain Marion Rouffet (Appointed 111091241 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. The Trustees, report was approved by Ihe Board of TnJslees. Rt Rev S Groves Trustee Date.. IRISH COUNCIL OF CHURCHES STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming ￿SOurceS 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., obseNe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed 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 accounting 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 Charity Act {Northern Ireland) 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 Irish Council of Churches {Ihe charity) for the year ended 31 December 2024. Responsibilities and basis of report As the Trustees of the Trust you are responsible for the preparation of the financial statements in a¢cordance with the requirements of the Charities Act (Northern Ireland) 2008. I report in respect of my examination of the Trust's financial statements carried out in accordance with the Charities Act (Northem Ireland) 2008. In carrying out my examination I have followed all the applicable direclions given by the Charity Commission under the Charities Act (Northern Ireland) 2008. Independent examiner's statsment Since the charity's gross income does not exceed £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. l ¢onfirm that l am qualified to undertake the examination because l am a member of Chartered Accountants Ireland, which is one of the listed bodies. 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 {9){b) of the Charities Act state whether particular matters have come to my attention. I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance wilh the general Diredions given by the Charity Commission 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 consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees conceming any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe.. accounting records were not kept in a¢¢ordance with section 63 of the Charities Act the financial statements do not a¢¢ord with those records., or the financial statements do not ¢omply with the applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair view which is not a matter considered as part of an independent examination. that there is further information needed for a proper understanding of the accounts to be reached. I have Completed my examination and have no con¢erns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawing to your attention. Miscampbell & Co 6 Annadale Avenue Belfast BT7 3JH Dated.. 20 March 2025 IRISH COUNCIL OF CHURCHES STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestri¢ted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies Other trading activities Investments Other income 61,585 4,689 10,139 124,669 60,662 42,664 1,333 122,247 47,353 11,472 124,669 58,687 6,649 8,605 57,803 116,490 6,649 8,817 212 Total income 201,082 104,659 305,741 73,941 58,015 131,956 Expenditure on: Charitable activities 137,968 39,060 177,028 151,109 151,109 Total expenditure 137,968 39,060 177,028 151.109 151,109 Net incomel(expenditure) 63,114 65,599 128,713 {77,168) 58,015 (19,153) Transfers be￿een funds 68,984 (68,984) 75,554 (75,554) Net movement in funds 132,098 (3,385) 128,713 (1,614) (17,539) (19,153) Reconciliation of funds: Fund balances at 1 January 2024 462,103 64,041 526,144 463.717 81,580 545,297 Fund balances at 31 December 2024 594,201 60,656 654,857 462,103 64,041 526,144 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 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Property, plant and equipment 13 1,297 267,409 Current assets Trade and other receivables Cash at bank and in hand 14 11,722 675,268 15,274 311,066 686,990 {33,4301 326.340 167,6051 Current liabilities 15 Net current assets 653,560 258,735 Total assets les5 current liabilities 654,857 526,144 Net assets excluding pension liability 654,857 526.144 The funds of the charlty Restricted income funds Unrestricted funds 17 60,656 594,201 64,041 462,103 654,857 526,144 The financial statements were approved by the Trustees on . rtC/Lk 20 IS- Rl Rev S Groves Trustee IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity information Irish Council of Churches is a registered charity wilh the Charity Commission Nl and has the charty number NIC102643. The principal activity of the charity continued to be the advancement of the Christian religion and the promotion of eligious harmony 1.1 A¢¢ounting convention The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Stat6Ynent of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports} Regulalions 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. 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 existenGe for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of a¢counting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to spe¢ifi¢ Conditions by donors or grantors 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 charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to third paty, it is probable that a transfer of economi¢ 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 dIr￿t costs and shared Gosts, 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 activily and support costs whi¢h are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Property, plant and equlpment Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Fixtures and fittings Computers Not depreciated 200A straight line 33 % straight line The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of non-current 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 indication 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 equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 10- IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) Basic financial assets Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabiliti.es Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contpctual obligations expire or are discharged or ¢an¢elled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined Contribution retirement benefit schemes a￿ Charged as an expense as they fall due. Critical accountlng estimates and judgements In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that a￿ Considered to be relevant. Actual results may differ from these estimates. The estimates and underiying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 11 IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Donations and legacies Unrestricted Restricted funds funds Total Unrestricted Restricted funds funds Total 2024 2024 2024 2023 2023 2023 Donations and gifts 61,585 60,662 122,247 58,687 57,803 116,490 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 30,329 11,464 30,329 34,739 28,898 10,918 28,898 33,084 23,275 22,166 23,275 11,464 34,739 22,166 10,918 33,084 5,913 2,912 8,825 5,631 2,774 8,405 1,526 753 2,279 1,454 716 2,170 1,526 753 2,279 1,454 716 2,170 1,526 1,526 753 753 2,279 2,279 1,478 1,454 726 716 2,204 2,170 379 186 565 361 178 539 379 186 565 361 178 539 379 186 565 361 178 539 369 181 550 352 173 525 379 186 565 366 180 546 379 186 565 361 178 539 379 186 565 361 178 539 375 184 559 361 178 539 61.585 60,662 122,247 58,687 57.803 116,490 12- IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Other Income Unrestricted Restricted funds funds Total Unrestrided funds 2024 2024 2024 2023 Programme officer funding Benefact Trust Churches Together in Britain Irish Episcopal Conference other 20,166 10,000 3,750 8,748 20,166 10,000 3,750 8,748 Miscellaneous Income 4,689 4,689 6,649 Total other income 4,689 42,664 47,353 6,649 Investments Unrestricted Restricted funds funds Total Unrestricted Restricted funds funds Total 2024 2024 2024 2023 2023 2023 Rent received Interest receivable 3.365 6,774 3,365 8,107 2,825 5,780 2,825 5,992 1.333 212 10,139 1,333 11,472 8,605 212 8,817 other Income Unrestricted Unrestricted funds funds 2024 2023 Net gain on disposal of tangible fixed assets 124,669 13- IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitable activities Charitable Charitsble Expenditure Expenditure 2024 2023 Staff costs Meeting costs Publications Bad debts write offl (write backs) Travel and subsistence 114,462 12,815 1,347 1,276 6,357 93,050 18,982 2,754 (929) 10,098 136,257 123,955 Support costs (see note 8) Govemance costs (see note 8) 37,121 3,650 23,570 3,584 177,028 151,109 Analysis by fund Unrestricted funds Restricted funds 137,968 39.060 151,109 177,028 151,109 14- IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs Support Governance costs costs 2024 Support Governance costs costs 2023 Depreciation Insurance Office expenses Staff welfare and recruitment Cleaning and upkeep Office removal costs Bank charges utility costs Legal and professional Repairs and maintenance Accountan¢y and legal fees 886 2,799 10,334 886 2,799 10,334 470 1,966 7,807 470 1,966 7,807 2,435 2,011 2,630 456 4,681 6,742 2,435 2,011 2,630 456 4,681 6,742 3,775 1,149 3,775 1,149 297 3,974 360 297 3,974 360 4,147 4,147 3,772 3,772 3,650 3,650 3,584 3,584 37,121 3,650 40,771 23,570 3,584 27,154 Analysed between Charitable activities 37,121 3,650 40,771 23.570 3,584 27,154 Governance costs includes payments to the independent examiners of £3,000 (2023- £2,700) for independent examination fees. Not movement in funds 2024 2023 The net movement in funds is stated after chargingl{crediting)- Fees payable for the independent examination of the charity's financial statements Depreciation of owned property. plant and equipment Profit on disposal of propety, plant and equipment 3,000 886 {124,669) 2,700 470 10 Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 11 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Stsff 15- IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Employees (Continued) Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 99,193 5,671 9,598 78,013 6,736 8,301 114,462 93,050 There were no employees whose annual remuneration was more than £60,000. 12 Taxation The Charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13 Property, plant and equipment Freehold land Fixtures and and buildings fittings Computers Totsl Cost At 1 January 2024 Additions Disposals 266,470 1,870 4,004 1,244 272,344 1,244 (266,470) (266,470) At 31 December 2024 1,870 5,248 7,118 Dep￿CiatIon and impairmont At 1 January 2024 Depreciation charged in the year 1,870 3,065 886 4,935 886 At 31 December 2024 1,870 3,951 5,821 Carrying amount At 31 December 2024 1,297 1,297 At 31 December 2023 266,470 939 267,409 16- IRISH COUNCIL OF CHURCHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Trade and other receivables 2024 2023 Amounts falling due within ong year: Trade receivables Other receivables Prepayments and accrued income 4,415 7,307 7,424 6,161 1,689 11,722 15,274 15 Current liabilities 2024 2023 Other tsxation and social security Trade payables other payables A¢¢ruals and deferred income 3,945 391 321 28,773 3,935 156 286 63,228 33,430 67,605 16 Retirement benefjt schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 9,598 8,301 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund. 17- ¢£1 £7)