Company registration number: 636953 Charity registration number." 102665 European Cl]ristian Mission Ireland (A company limited by guarantee) Annual Report and Financial Statemellts for the Year Ended 31 December 2023 David Lyttle & Co Ltd Chartered Accountants Station House 46 Molc5WOrth Street Cookstoivn Co T)Tone BT80 8PA
European Christian Mission Ireland Contents Reference and Athninistrative Details Trustees, Report 2to6 Independent Auditors, Report 7tolO Statement of Financial Activities Ilto12 Balance Sheet 13 Statement of C&gh Flows 14 Notes to the Financial Statements 15to27
European Christian Mission Ireland Reference and Administrative Details Secret&ry Mr Geoff Dona]dson Charity Registration Number 102665 Company Registration Number 636953 The charity is incorporated in Northern Ireland. 3 BaIlymacross Avenue Lisburn Co Antrim BT28 2GX Registered Office Auditor David Lyttle & Co Ltd Chartered A¢¢ountants Station House 46 Molesworth Street Cookstown Co T)Tone BT80 8PA Page I
European Christian Mission Ireland Trustees, Report The trustees, who are directors for the purposes of comp8ny law, present the annual report together with the financial statements and auditors, rwort of the charitable company for the year ended 31 December 2023. Objeetives ind activities Objeclivu, slrategles and ocdviiles The principa] activities of the charity are to promote ministries of evangelism, discipleship. church planting and church development in Europe along with their associated social action projects. It also seeks to reouil train. send. support and care foT workers call¢d and equipped to fulfil such ministrie5. Publlc benefil Under the Public Benefit guideline& for religion to be charitable, it must be 'advanced'. i.e. promoted or ¢xtended. As our charitable objects include the evangelisation of the peoples of Europe. and the establishing and Strengthening of evangelical churches across Europe, we consider that we meet this definition. The identifiable benefits include the transformation of lives through the gospel of Jesus ChrisL and the felloivship, friendships and relationships created or restored through participation in the life of a local church. FurthennoTe. thc outworking of the Gospel of Jesus Xhrist by 1he newly established Christian communities tends to the promotion of the relief of poverty and 5ickn¢ss and the propagation of positive ethi¢al values. Th¢se benefits are available to members of the public from all levels of social life across Europe, as we work in communities ranging from the affluenL such as in Austri4 through to the very needy. such as in Bosnia. Ther¢ is no private benefit or harni flowing from the purposes. The trustees conf that they havc compiled with the requirements of section 4 (6) of the Charities Act (Northern freland) 2008 to have due regard to the Charity Commission for Northern Ireland's guidance on publi¢ benefit and the public ben¢fit requirement has inforn)ed the activities of the charitable ¢ompany. Trustees and officers The trustees and officers serving during the year and sinc¢ the y¢ar end were as follows.. Trustees: Nfr Andreiv Graham Mccorniick Mr John Leslie Patt¢rson (resigned 28 February 2024) Ms Jcan Tubman Rev Thomas Alastair McNeeley (r¢sigDed 31 May 2024) Mr Gcofftey Baxter McIlrath Mrs Lorraine Moore (appointed l January 2023) Mr Tom Greer (appointed l F¢bnwy 2024) Mr Gary Mahood (appointed l February 2024) Secretary: Mr Geoff Donatdson (appointed l January 2023) Page 2
European Christian Mission Ireland Trustees, Report Structurfy governance alld management oryanisl0al SÉructhre The charity was incorporated as a company limited by guarantee on 8 March 2016. The company is exempt under the legislation from using 'limited' &q part of its name. The charity is registered with The Charities Commission for Northern Irelan& NIC102665. The charity is controlled by its tnths who are directors of the company for the purposes of the Companies Act 2006 and is governed by the provisions contained within the Memorandum and Articles of Association. All te$ are members of the charitsble cotnpany and stand &s gu8rnitors of the charitsble company in the sum of £1 each. There ¢an be up to twelve trustees. Once appointed. 1TUStees serve for a period of four years. At le&st two truste¢s are appointed by the existing board and at least one by the member of the mission at the annual general meeting& Affiliation European Christian Mission Ireland is in a covenant agreement with ECM Unternational) and the ternis of this relationship are set out in a Covenant agreement signed by both parties. The board of tnjstees of ECM {EnternationaI} is the overall governing body responsible for doctrinal and spiritual principles ad the gcneral direction and development of ministries in Europe. The trnstees of European Christian Mission Ireland are responsible for the promotion of work in Irelan the recruitment and member ¢are of personnel and the raising of resourccs to furth¢r the objectives of the eharttable company in Europe. HUMAN RESOUECES Office Staff In 2023 there were four part time staff and two volunteers. Missionaries and A5so¢iate Members The core business of the mission continues to be recruitment and support of workers who servc the church in Europe. At the end of 2023 ECM Ireland was supporting 43 members serving in Albani4 France. Kosovo, Sloveni Serbi4 Polall Portugal. Spain. Irelan Greece, Bosni4 and Germany. Promotion and Communications ECM Ireland has continued to make knoivn the spiritual needs of Europ¢ kno1) through our websi, social medi monthly prayer diary, tri-allnual ECM Life magazine. videos and through a variety of sp¢aktng ellgagents. We also hosted an ECM Supporters Day. Page 3
European Christian Mission Ireland Trustees, Report Achievements and performance ECM Ireland's principal a1Vity is that of Christian Missionary work in Europe. specifically the support of Church-planting and discipleship through ECM (International). The ongoing focus in 2023 was in the areas of promotioll of seryice opportunities in Europe. recruiting new mission workers. care for existing misston workers, encouragement of prayer and giving for Europe. ECWS Mission Statement ECM'S n]ission statcm¢nt is to 'equip, ¢onnecL and multiply followers of Jesus through church planting and discipleship across Europe,. The mission statement can be expanded upon and ¢xplained more Clearly through the key words of "Equip. Conneffjmultiply" EQUIP We identify people's God-given gifts and abilities and develop them into ministy and leadership. W¢ train people to live out and speak out the good Deiys where they are. We lovingly care for people. so they thrive in both life and ministy. COIYNECT We build networks so that God's resource5 in one place can extend his kingdom in another. We encourage people to work ID teams. so their ministrie5 have greater impact. We actively work together and form Pajtherships as a way of showing the unity of Christ's churth. IULTIPLY We mobilise and inspire people for God's mission in Europe. We challenge people to become disciples of Jesus who thcmselves make more disciples. We make possible the planting of healthy churches that reproduce naturally. Financial Review The results for the year are detailed on the Statement of Financial Activitics of the fancIal statern¢nts. The n¢t income for 2023 is £46.053 (2022- £87,664). The balance OD unrestri¢ted fund5 at 31 D¢cember 2023 wa5 £83,442 (2022- £90,156) with a proprtion of this made up of propert Capital being £62.000. The balance on restricted funds at 31 December 2023 was £417.096 (2022 £364,329) and all of this is contained within the balances at the year end. Plans for the future Recruitment We currently have no candidates applying for membership although one enquiry is being followed up. We have a team that is currently planning for 2025 'PastoTs to Pastors, evenl which aims to encourage national workers in their knowledge of God. and to build up prayer eontact and other support for their ministries. We will continue to folloiv up any enquiries from those who have an interest in working long or short lem in Europe. Office MAnagemeot ECM appointed a new Ireland Dirtor. Geoff Donaldson. Page 4
European Christian Mission Ireland Trustees, Report Partnering with others Continue to build and develop partherships within ECM and with other Christian organisations through MAP. IMAP and Global connections. Communications To sharpen our eommunieations via the chaT)nels mentioned above. W¢ are also aiming to run a roadshow style event in 2025 to raise the profile of ECM. Member C8re Continue to support and equip our members who are involved in Church planting and discipleship in Europe. Ststemettt of trustees, responsibilities The tDJstees {who are aiso the directors of European Christian Mission Ir¢land for the purposes of company law) are responsible for preparing thc ttustecs, report and the fmancial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ir¢land" Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a trne and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, iDcluding its income and pendItur of the charitable company for that period. In preparing these fancial stat¢m¢nl4 the trustees are required to: sele¢t suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates are reasonable and pdenl stste whether applicable accounting standards, comprising FRS 102 have been folloived, subject to any material departures diselosed ad explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that cau disclose with reasonable accuracy at any time the financiat position of the charitable company and enable them to ensure that the fmancial statements comply with the Companies Act 2006and Charities Act Orthern Ireland) 2008. They ar¢ also responsible for safcguarding the assets of thc charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees ore responsible for the maintenance and integrity of the corporate and financial information includ¢d on th¢ charitable company's website. Legisl&tiOD governtng the preparation and disseEnination of financial statements tnay diffcr from legislation in other jurisdictions. Pag¢ 5
European Christian Mission Ireland Trustees, Report Disclosure ofinformation to audltor Each trtee has tsken steps that they ougbt to have taken as a trustee in order to make theJ2)selves awaTe of ally relevant audit infoLTnation and to establisb that the cklarity's auditor is aware of that iOrnatiOn. The trustees Cotth that there is no reievani illfotmation that they know of and of which they kllow the auditor is unaware. The anllual report was approved by the trustees of the chaTity on ?8 October 2024 and signed on its behalf by: J-QL Ms Jean Tubman Trste¢ Page 6
European Christian Mission Ireland Independent Auditor's Report to tbe Members of European Cbristian Mission Ireland Opinion We have audited the financial statements of European Christian Mission Ireland (the '¢harity) for the year ended 31 December 2023. which comprise the Statement of Financial Activities. Balance Sheet, Statement of C&gh Flows. and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Stsndards, eomprising Charities SORP - FRS 102 'The Financid Reporting Standard applicable ill the UK Republi¢ of Ereland, and applicable law (United Kingdom Genera]ly Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the stats of the ¢harity's affairs as at 31 D¢¢ember 2023 and of its incoming resources and application of resourees. including its income and expenditure, for th¢ year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting PrdCti¢e; 8lld have been prepared in accordance with the requirements of the Companies A¢t 2006. Basis for opinion We conductcd our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applieable law. Our responsibilities under those andardS are further described in the auditor responsibilities for the audit of the financial statements seetion of our report. We are independent of thc charity in a¢cordance with the cthical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitics in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatiug to going concern In auditing the fman¢ial statement& we have con¢luded that the trustees use of the going concern basis of accounting in the preparation of the financial slateEneDts is appropriate. Based on the work we have perforn)e4 we havc not identif&ed any material uncertainties relating to events or conditions thal individually or collectively. may east significant doubt on the cbarity's ability to continue as a going concern for a period of al least twelve months from when the originaI fjnanciai statements were authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other infonnation. The other illfornation comprises the inforniation included in the anDual repor¢ other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other inforniation and, except to the extent othcnvise explicitly stated in our repory we do not express any forn] of assurance conclusion thereon. In eonnection with our audit of the fmancial statements. our responsibility is to re the other inforniation and. in doing so. Consider whether the other infomiation is materially ineonsistent with the financial statements or our knowledg¢ obtatned in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or appar¢nl material misstatements. we are required to determine whether there is a material misstatement in the financial statem¢nts or a material misstatem¢nt of the other inforn)ation. If. based on the work we have perfornied. w¢ Conclude that there is a material n]isstatement of this other infornlation. we are required to rq)ort that fact. Page 7
European Christian Mission Ireland Independent Auditor's Report to the Members of European Christian Mission Ireland We have nothing to report in this regard. Opinion OD Other matter prescribed by the Companies Act 2006 In our Opinio based on the ivork undertaken in the course of the audit: the infornlation given in the Trustees, Report for the financial year for which the financial statements are prq)ar¢d is consistent with the f1¢la1 statements. and the TnceS, Report has been prepared in accordance with applicable legal requirements. Matters on wbicb we are required to report by exception In the light of our knowledge and understanding of the charity and its enviro]llnent obtained in th¢ course of the audiL we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters where the Companies A 2006 requires us to report to you if, in our opioion: adequate accounting records have not bcen kepL or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreellient with thc accounting records and retUrn5' or ¢¢rtain disclosurcs of trustees remuneration 5CIfIed by law are not made. or we have not received all the inforniation and explanations we require for ow audit. Responsibilitie5 of trustees As explained more fully in the Statement of trustees, responsibilities (set out on pag¢ 5), the trnstees are responsibl¢ for the preparation of the financial statemcnts and for being satisfied that they give a tsue and fair view, and for such internal control &8 the trustees dctermine is necessary to enabl¢ th¢ preparation of financial statements that are free from material misStateenL whether due to fraud or error. In prq)aring the financial statemenQ the trustees are responsiblc for assessing the charity's ability to continue &8 a going concern, disclosing, as applicable, matters related to going concern and using the going Concern basis of accounting unless the ttustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor responsibilities for the audit of the fJnanci#l statements Our objectives are to obtain r¢asonablc assurance about whcther the financial statements as a whole are free from material misstatement, whether due to fraud or eThor, and to Issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISA5 WK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influ¢nce the economic decisions of users tsken on the basis of these financial statements. The ¢xtent to which our procedures are capable of detecting irregularities. including fraud is detailed below.. Page 8
European Christian Mission Ireland Independent Auditor's Report to the Members of European Christian Missioll Ireland Because of the inherent limitations of an audiL Ihere is a risk that we will not detect all irregularities, in¢luding those leading to a materia] misstatement in the fmancial sta(ements or non-compliance with regulation. This risk increases the more that ¢ompliance with a law or regulation is removed from the events and transactions reflected in the f]nancial s&tement& as ive will be less lik¢ly to becom¢ aware of instances of non-compliance. The risk is a150 greater regarding irregulwities occurring due to fraud rather than error. &8 fraud involv¢s intentional eoncealmen¢ forgery. Collusio omission or misrepresentstion. As part of an audit in accordance with ISAS (UK), we exercise professionla judgement and maintain professional scepticism throughout the audit. We also'.- Identify assess the risks of material misstatement of the financial statemenw whether due to fraud or error, design and perfortn audit procedure responsive to those risk& and obtain audit evidence that is sufricient and appropriate to provide a basis for our opinion. The risk of not dctccting a materia] misstatement rcsulting from fraud is higher than for one resulting from error. as fraud May involve collusion. forgery, intentional omissions. misrepres¢ntation& or the override of intern Obtain an understanding of interna] control relevant to th¢ audit in order to design audit procedures that a appropriate in th¢ circumstances, not for the purpose of expressing an opinion on the eff¢¢tiveness of the intcrnal control. Evaluate thc appropriateness of ac¢ounting policies used and the rthsonableness of accounting estimates and related disclosures made by the trnstees. Conclude on the approprtatcn¢s5 of the trustees use of the going concern basis of COUntIng and, based on the audit evidcnce obtained, whether a material uncertainity exists related to events or conditions that may cast significant doubt on the company's ability to Continue as a going concern. If we conclude that a matcrial uncertainty exists, we are required to draw attention in our auditols rcport to the related disclosures ill the fman¢ial statements or. if such disclosures art inadequate, to modify our opinion. Our conclusions are bastd on the audit cvidence obtained up to the date of our auditorfs report. How¢ver. future events or conditions may cause the company to cease as a going concern. Evaluate the overall pr¢sentatioD. Strncture and content of the financial statementy including the disclosures, and whether thc fmancial statements r¢pTesent the underlying transactions and events in a manner that acheive fair presentation. We communicate with those charged with govemance regarding, among other matters, the pled scope and timimg of the audit and significant audit findings. including any significant deficiencies in internal control that ontrol identify during our audit. Pag¢ 9
European Christian Missioll Ireland Independent Auditor's Report to the Members of European Christian Mission Ireland Use of our report This ieport is made solely to the charitable company's trusree& as a body, in accordance Chapl¢r 3 of Part 16 of the Companies Act 200 matters w¢ aTe require . Our audit WO has been undertak¢n $0 that we might slate lo the charity's tn¢C$ those perniitt by law, we to state to them in an auditor's report and for no other purpos¢. To the fvlle5t ement a body. for o not accept OT &Ssume responsibility to anyone tsther than the ¢haritable company and its audit worK for this report. or for the opinions we have fonned, cGeagh (S¢nior S For and on beha]f of David Lytt]e Auditor) Ltd. Statutory Auditor Station House 46 Molesworth Stre¢1 Cooksioivn Co Tyrone BT80 8PA 28 October 2024 Pag¢ 10
European Christian Mission Ireland Statement of Financial Activities for the Year Ended 31 December 2023 n¢luding Income and Expenditure Account and Statement of Totsl Recognised Gains and Losses) Unrestricted funds Restrieted funds Total 2023 Note Income and Endowments from.. Donations and legacies Investment income Oth¢r income 46.427 4.106 5.475 804.568 850,995 4.106 5,475 Total income 56,008 804,568 860,576 Expenditure on: Charitable activities Other expenditwe Total expenditure (160,391) (911) (653.221) (813.612) {911) (161,302) (653,221) (814,523) Net (expenditur¢)/income Trdnsfers between funds (105.294) 98,580 151.347 98,580) 46.053 Net movement in funds (6,714) 52,767 46.053 Reconciliation of funds Total funds brought fonward Total funds carried forward 90,156 364,329 454,485 19 83,442 Unrestricted funds 417,096 Restricted fuuds 500,538 Total 2022 Note Income and Endowtnents from: Donations and legacies Investment income Other income 75,882 610 5,573 682,179 758.061 610 5.573 Totst inei>me 82.065 682,179 764,244 Expenditure on: Charitable activities Other expenditure (160,949) (803) (514.828) (675.777) {803) Total expenditure (161,752) (514,828) (676,580) Net (expenditur¢)lincome Transfer5 between fidS (79.687) 125,775 167,351 (125.775) 87.664 Net tnovement in funds 46.088 41.576 87,664 The notes on pages 15 to 27 forn] an integral part of th¢5e financiat ststemen Pagell
European Christian Mission Ireland Statement of Financial Activities for the Year Ended 31 December 2023 Uncluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2022 Note Reconciliation of fulld5 Total funds brought fonvard Total funds catri¢d fonvard M,068 322,753 366,821 19 90,156 364,329 454.485 All of the charity's activities derive from continuing operdtions during the above two periods. The funds breakdown for 2022 is shown in note 19. The notes on pages 15 to 27 fonn an integral part of these financial statem¢nl& Page 12
European Christian Mission Ireland Olegistration number: 636953) Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets 15 64,342 64,485 Currellt assets Debtors C&sb at baDk and in band 16 17 ?1,288 42J,038 17.019 376,772 444,326 39J.791 Creditors: Amounts falling due within one year Net current assets 18 3,791) 4J6.196 390.000 Net 2%sets 500,538 454.485 Fullds of the charity: Restricted income funds Restrkcted 417.096 364.329 Ullrestricted incom¢ funds Unrestricted fjjnds 83,442 90. I56 Totsl funds 19 500.538 454,485 The financial statements on pages I I to 27 weTe approved by the trustees, alld &uthorised for issu¢ on 28 October 2024 and signed on their belf by: Ms Jean Tubman TnLStee The notes OD pages 15 to 27 forra an inkgral part of tbese financial statements. Page 13
European Christian Mission Ireland Statement of Cash Flows for the Year Ended 31 December 2023 2023 2022 Note Cash flows from operating activities Net c&8h income 46.053 87,664 Adjustments to cash flows from non-cash items Depre¢iation Investtnent iD¢ome 911 (4,106 803 610) 87,857 42,858 Working capitsl adjustments (Increas¢)/decrease in debtors Increasel{decrease) in ereditors Net cash flows from operdting activities Cash flows from investing activities Interest receivable and similar income Purchase of tangible fixed assets Net cash flows from investing activities Net increase in cash alld cash equivalents Cash and cash equivalents at l January Cash alld cash equivalents at 31 December 16 18 (4,269) 4,339 1,893 {376 42,928 89,374 4.106 {768) 610 (1,772) 15 3.338 (1.162) 46,266 88,212 376.772 288,560 423,038 376,772 All of ihe cash flows are derived from contiriuing operations during the above two periods. The not¢s on pages 15 to 27 fonn an integral part of these financial statemen Page 14
European Christian Mission Ireland Notes to the FiDaDcial Statements for the Year Ended 31 December 2023 I Charity status The charity is limited by guarantee, incorporated in Northern Erelan(L and consequently does not have share ¢apit&l. Each of the trustees 1$ liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of its registered office is.. 3 Ballymacr05s Avenue Lisburn Co Antrim BT28 2GX These financlal statements were authorised for issue by the trustees on 28 October 2024. 2 AccountjDg policies Summary of signifjcant accounting policies and key accounting estimates The principal accounting polici¢s applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented. unless otherwise stated. Ststement of compliance The financial sternents have been prepared in accordance with Accounting and Reporting by Charities: Sthtement of Recommcnded Practice (applicable to charitics preparing their a¢counts in accordan¢e with the Financia] Reporting Standard applicable in the UK and R¢public of Ireland (FRS 102)) (issued in October 2019) - {Chariti¢s SORP IFRS 102)), the Financial Reporting Staudard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006, Basi5 of preparation European Chrisliao Mission Ireland meets the d¢finition of a public benefit enlity under FRS 102. Assets and liabilities are initipjly recOls¢d at historical cost or transaction valu¢ unless oiheTWiS¢ Stated in the relevant accountÈng policy notes. Going concern The trustees consider that there ar¢ no material uncertainties about the charity's ability to continue a going concern nor any significant areas of uncertainty that affect ihe carying value of Sets held by the charlty. Income and eDdowmeDts All income is recognised once the charity has entitlement to the income. it is probable that the income will be received and the amount of the income receivable ¢an be measured reliably. Page 15
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2023 Donlon$ andlegdcies Donations are recognised when the cbarity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of perforniance by the ¢harity before the charity is entitled to the fjjnds, the income is deferr¢d and not recognised until either those conditions are fully me¢ or the fulfi]ment of those conditions is wholly within the eontrol of the charity and it is probable that these conditions will be fulfilled in the reporting period. IAveslmeAt incoft Dividends are recognised once the dividend has been declared and llotifi¢ation h&s been received of the dividend due. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditurc, tt is probabl¢ settlement is requir¢d and the amount cau be measured rcliably. All costs are atlocated to the applicable expenditure heading that aggregate siznilar costs to that category. Wbere costs eaTtnot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resour¢es, with central staff costs allocated on the bagis of time spenL and depreciation charges located on th¢ portion of the ass¢t's use. Other support costs are allo¢attd based on the spread of staff costs. Charitable aetlviti Charitable expenditure comprises those costs incurred by the charity in the delivery of its a¢livities and services for its benefi¢iaries. It iTrcludes both Costs that can be allocated directly to such activities and those costs of an indirect natwe necessary to support them. Governance Costs These include the costs atiributable to th¢ charity's compliance with constilutional and statutory requirements, including audit. strategi¢ management and trustees meetings and reitnbursed expenses. Taxation The charity is considered to P&5S the tests set out in Paragraph I Schedule 6 of the Finan¢e Act 2010 and therefore tt meets the def]nition of a charitable company for UK corporation t&x purposes. Accordingly, the charity is potentially exempt from tsxation in respect of income or capital gains received within categories covered by Chapter 3 Part I I of the Corporation Tax Act 2010 or Section 256 of the T&xation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. T#ngible fJx¢d assets Individua] fixed assets costing £250 or more are initially recorded at ¢osL less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreeiation #nd amortisatioD DepCIation is provided on tangible fixed assets so as to write off the cost or valuation. less any estimated residual value. over their exp¢rted useful economic lif¢ as follows.. Page 16
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2023 Asset class Fixtures. fittings and equipment Depreciation method and rate 25 % strdight line blS Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest metho¢ less provision for impairmenL A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the o[igin ternis of the receivables. Cash cash equivalents Cash and cash equivaIents comprise cash on hand and call deposits. and other short-terni highly liquid tnvestments that arc readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade credfitors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable aTe classified &8 current liabilities if the charity does not have an unconditional righL at the end of the porting period. to defer setttemcnt of the credilor for at least twelve mollths aft¢r the reporting date. If there is an unconditional righi to defer settlement for at llxst twelve months after the reporting date. they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective intcrest method. Borrowings Interest-bearing borrowings are initially recorded at fair value, Det of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cosL with the diffcrenGe between the proceeds, llet of transaction costs, and the amount due on redemption being re¢ognis¢d as a charge to the Statement of Financial A¢tivitie5 over the period of the relevant borrowing. Interest expense i5 recognised on the basis of the effective interest method and is included in interest payable and similar charges. BOOWingS are classified as current liabilities uDIes5 the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Page 17
European Christian Mission Ireland Notes to tbe Financial Statements for the Year Ended 31 December 2023 Foreign exchange TranStionS in foreign currellcies are recorded at the rnte of exebange at the date of the transaction. Monetary assets and liabilities denominated in foreign currcncies at the balance sheet date are reported at the rate5 of exchange prevailing at that date. The results of overseas operations are trnnslated at the average rates of exchange during the period and their balance sheets at the rate5 ruling at the balance sh¢¢t date. Exchange differences arising Oll translation of the opening net assets and results of ovtrse&s operations are reported in other comprehensive income and a¢¢umulated in equity (attributed to non-controlling interests a5 appropriate). Other exchange diLferences are recOlSed in the Statement of Financtal Activities in the period in whicb they arise except for: l) exchange dtffer¢DC¢S on transactions entered into to hedge certain foreign curreney risks (see above). 2) exchange differences arising on gains or losses on non-monetsry it¢in5 which are recognised in other comprehMsive iticome. ond 3) in the case of the consolidated fmanciaI sta*m¢nt% exchange differences on monetary items receivable from or payable to a foreigu operation for which settlement is neilher plallned nor likely to occur (therefore forniing part of the net investment ffin the foreign operation). which are r¢cognised in other comprehensivc income and reported under equity. Fund structure Unrestricted income funds are general fimds that are available for use at the tru5te¢s discretion in furtherance of the objectives of the charity. Designated funds are unre5trictrd funds Set aside for specific Purposes at thc discretion of the trustees. Restricted income funds are those donated for us¢ in a particular area or for specifi¢ purposes. the use of which is restricted to that area or purpose. Financial instruments Clossificalion Financia] assets and financial liabilities are recognised when the charity becomes a party to the contractuat provisions of the instntment. Financial liabilities and equity instruments are class?fied according to the substance of the contractual aTrangements enter¢d into. An equity instrument is any contra¢t that eYidenc¢s a residual interest in the assets of the charity after deducting a]1 of its liabilities. Page 18
European Cbristian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2023 Recognition and meusuremenl All financi assets and liabilities are initially me&%ured at transaction price (including transaction costs), except for those financial &ss¢ts Classified as at fair value through profit or loss, Ivhich are initially measured at fair value (which is nomally the transaction price excluding transaction costs). unless the arrangcmtnt constitutes a financing transaction. If an arrangemeDt ¢onstitutes a financing transaction. the financial asset or fm8n¢ial liability is me&sured at the present value of the future payments discounted at a market rat¢ of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of fillanci position and only when there exists a Icgally enforceable right to set off the recognised amounts and the charity intends either to settle on a net bls. or to realise the &5set end settle the liability simultaneously. Fittancial assets are derecognised when ond only when &) the contractual rights to the cash tIow5 from the financial asset expire or are settled. b) the chlty transftts to another paty substantiatly a]1 of the risks and rewards of oMership of the financiat &sseL or c) the charity, despite having retained some, but not all. Significant risks and rewards of ownership. has transferred control of the asset to another paty. Financial liabilities are derecognised only wh¢n the obligation specified in the contracl is discharged. eaneelled or expires. Page 19
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2023 Debi lftstruments Debt instruments wbich meet th¢ following conditions are subsequently measured at amortised cost using the effective interest method.. (a) The contr&ctual return to the holder is (i) a red amounL (li) a positive fixed rate or a p051tive variable rate. or {iii) a combination of a positive or a negative flxed rate and a positive variable rate. (b) The coDtrart may provide for repayments of the prin¢ipal or the Teturn to the holder (b not both) to be linked to a single relevant obscrvable index of general price inflation of the currency in which the debt instrument is denominated, PTovided such links are not leveraged. (c) The contract may provide for a detenninable variation of the return to the holder during the life of the insttvmen¢ provided that (i) the new rate sat15fies condition (a) and the variation is not Contingent on future events other than (l) a change of a contractual variablc rate. (2) to protect the holder against credit deterioration of the issuer; {3) changes in levies applied by a centra] bank or arising from changes in releVt taxation or law. or {ii) the new rate is a market rate of interest and satisfies condition (a). (d) There is no contractual provision that could. by its tenDS. result in the holder losing the principal amount or any interest attributsble to the current period or prior periods. (e) Contractual provisions that p¢rn]it ihe issuer to prepay a debt instrument or pcrnilt the holder to put it back to the issuer before maturity are not contingent on future events. other than to protect the holder against the credit deterioration of the issuer or a change in Control of the issuer, or to protect th¢ holder or issuer against changes in levies applied by a central bank or arising from changes in r¢levant t&xation or law. (O Contractuat provisions may pennit the extension of the temi of the debt instrumenL providcd that the return to the holder and any other contra1 provisions applicable during the extended tenn satisfy the conditions of p&ragraphs (a) to (c). Debt instruments thai are classified as payable or reeeivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other eonsideration expected to be paid or reeeivel net of impainnent. With the exception of some hedging instruments. other debt instruments not meeting these conditions ar¢ measured at fair value through profit or los& Commitments to make and re1ve loan5 which meet the conditions mentioned above are Me&gUr at cost (which may be nil) less impairniellt. Inves¢ments Investments in non-¢onvertibl¢ preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurabl¢) are mcasured at fair value through profit or loss. Where fair value cannot be measured reliably, investtllents are measured at cosi less impairrnent. Investments in subsidiaries and associates are m¢a5ured at cost less impairnient. For investments in subsidiaries acquired for consideration including the issue of share5 qualifying for merger relief, cost is measured by reference to the nominal value of the shares issu¢d plus fair value of oth¢r consideration. Atiy premium is ignored. Page 20
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2023 Derlv¢tslveflnancial instrumeftts The charity Uses derivativ¢ financi instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold OT Issue derivative financial instruments for speeulative purposes. Derivatives e initially recognised at fair value at the date a derivative contract is entered into and are subsequently r¢rneasured to their fair value at each reporting date. The resulting gain or loss is reeognised in statement of financial tivities itnmediately unles5 the derivative is designated and effective as a hedging instrumenl, in which event the timing of the recognition in statement of fmancial activities depends OD the nature of the hedge relationship. Fair value measuremenl The best evidence of fair value is a quoted price for an identical &%set in an active market. When quoted price5 are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long there has not been a significant change in economic circumstances or a significant lapsc of time sinc¢ the transaction took place. If the Enarket is not active and re¢ent transactions of an identical &gset on their own are not a good estimate of fair value. th¢ fair value is estimated by using a valuation technique. 3 Income from donations and legacies Unrestricted funds De$ignated General Restricted funds Total fulldj Donations and legacies,. Gift aid reclaimed Regular giving and capilal donations Total for 2023 1.188 12.549 1,407 31,283 50.037 754,531 52.632 798,363 13,737 32.690 804,568 850,995 Totsl for 2022 53,857 22,025 682.179 758,061 4 Investment income Unrestricted funds General Total funds Interest receivable and similar income. Interest receivable on bank dcposlts Total for 2023 4,106 4.106 4.106 4,106 Totsl for 2022 610 610 Page 21
European Christian Mission Ireland Notes to tbe Financial Statements for the Year Ended 31 December 2023 5 Other income Unrestrietsd funds Gener¥1 Totsl funds ReDtal income 5,475 5.475 TotAI for 2023 5,475 5,475 Total for 2022 5.573 5,573 6 Expenditure on charitsble activities Unrestricted funds De$igDated General Restricted funds Total funds Note Cbaritable Activities Staff costs Governance costs 24,508 60,136 70,227 5,520 653,221 737.865 70.227 5.520 Total for 2023 24,508 135.883 653.221 813,612 Total for 2022 55,126 105.823 514,828 675.777 Activity undertaken directly Totsl expenditure Direct Costs Employment Costs Establishment Costs Office Expenses Printing. Postage & Stationery Subs¢riptions Sundry and other costs Travel and Subsistence Advertising and Promotion Bank Charges Foreign Currency Losses TotAI for 2023 678,642 70.228 4.660 8,613 5.378 744 678.642 70.228 4,660 8,613 5.378 744 31,031 5,647 3,405 400 (655) 31,031 5.647 3.405 400 (655) 808,093 808,093 Totsl for 2022 670,979 670,979 Pagc 22
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2023 In addition to the expenditure analysed above, there are also governanee costs of £5.520 (2022 - £4.800) which relate directly to charitable activities. See note 8 for further detsils. 7 Otber expenditure Unrestrietsd funds General Total funds Note DeplatiOn. amortisation and other similar costs 911 911 Totsl for 2023 911 911 Totsl for 2022 803 803 8 Aualysis of govern#nee aDd support costs Governance Costs UDre5tricted funds General Total funds Audit fees Audit of th¢ financial ststcments Illdependent examiner fees Examination of th¢ financia] statements Legal fees 2,550 2,550 2,250 720 2,250 720 Totsl for 2023 5,520 5,520 Totsl for 2022 4.800 4,800 Page 23
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2023 9 Net incomingloutgoing resources Net incoming resources for the year include: 2023 2022 Audit fees Depreciation of fixed assets 2,550 911 2,400 803 10 Trustees remuneration and expenses No trustees. nor any persons connected wtth them, have received any remuneration from the charity during the year. 11 Staff Costs The aggregate payroll costs were a5 follows: 2023 2022 Stsff costs during the year were: Wages and salortes Pension costs 68.182 2.045 49,923 1,175 70.227 51.098 No employee re1Ved emoluments of more than £60.000 during the year. 12 Independent examiner's retDuneration 2023 2022 Examination of the fman¢ial statements 2,250 1,740 13 Auditors, remuneration 2023 2022 Audit of the fmancial statements 2,550 2,400 Page 24
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2023 14 Taxation The charity is a registered charity and is therefor¢ exempt from tatIOn. 15 Tangible fixed assets Land and buildings Furnithre and equipment Totsl Cost At l January 2023 Additions 62,000 13,864 768 75.864 768 At 31 December 2023 62.000 14,632 76.632 Depreciation At l January 2023 Charge for th¢ year At 31 December 2023 11.379 911 11,379 911 12,290 12.290 Net book value At 31 December 2023 62,000 2.342 64,342 At 31 De¢en)ber 2022 62,000 2,485 64,485 16 Debtors 2023 2022 Prepaym¢nts Other debtors 20.288 1.000 15,907 1,112 21,288 17.019 17 Cash and cash equivalents 2023 2022 Cash at bank 423,038 376,772 18 Creditors: amounts falling due witbin one year Page 25
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2023 2023 2022 Trade creditors Other tsxation and social security Other creditors Accruals 1.784 2,248 (2) 4,100 292 (i) 3.500 8,130 3.791 19 Funds Balance at 31 December 2023 Balance at I JAnuary 2023 Incoming resources Resource5 expended Transfers Unrestritted funds General 79.978 42.271 (136,794) 80,683 66.138 Designated Total unrestricted fllnds 10.178 13,737 24.508) 17,897 17.304 90.156 56,008 (161,302) (653.221) 98,580 (98,580) 83.442 Restricted funds 364.329 804,568 417.096 Tot*1 funds 454,485 860.576 {814,523) 500,538 Balance at 31 De¢ember 2022 Balance #t I January 2022 Ineorning resources Re50ur¢¢s expended Transfers Unrestricted funds Generat 41.052 28,208 (106,626) (55,126) 117.344 79,978 Designated 3.016 53,857 8,431 10,178 Totsl unrestricted funds 44,068 82,065 (161.752) (514,828) 125,775 90.156 Restricted fund5 322,753 682,179 {125.775) 364.329 Totsl funds 366.821 764.244 (676.580) 454.485 Page 26
Europeall Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2023 20 Analysis of net assets between funds Unrestricted funds Genergl Total funds at 31 December 2023 Restrieted funds Tangtble fjxed assets Current assets Current liabilities 64.342 {33.253) (8,130) 64,342 444,326 (8,130) 500.538 477.579 Total net assets 22.959 477.579 Unrestricted funds General Total funds at 31 December 2022 Restricted funds Tangible fLxed assets Current assets Current liabilities 64.485 29,462 (3,791) 90,156 64.485 393.791 (3,791) 364.329 Total n¢t assets 364,329 454.485 21 Analysis of net fund5 At31 December 2023 At l January 2023 C8sh at bank and in hand 376.772 376.772 Nd debt 376.772 376,772 At31 December At l Janu#ry 2022 2022 Cash at bank and in hand 288,560 288.560 Net debt 288.560 288,560 22 Related party transactions There were no related paty Iran5action5 in the year. Page 27