Company registration number.. 636953 Chlty registration number: 102665 European Christian Mission Ireland (A company limited by guarantee) Annual Report and Finallcial Statements for the Year Ended 31 December 2024 David Lyttie & Co Ltd Chartered Accountants Station House 46 Molesworth Street Cookstown Co Tyrone BT80 8PA
European Christian Mission Ireland Contents Reference and Administrative Details Trustees, Report 2to6 Independent Auditors, Report 7t0 10 Statement of Financial Activities Ilto12 Balanc¢ Sheet 13 Statement of Cash Flows 14 Notes to the Financial Statements 15to27
uropean Christian Mission Ireland Reference and Administrative Details Trustees Mr Andrew Graham McCorn]ick Ms Jean Tubman Mr Geofftey Baxter McIbath Mrs Lorraine Moore Mr Tom Greer Mr Gary Mahood Mr Geoff Donaldson Secretary Charity Registration Number 102665 Company Registration Number N1636953 Th¢ ¢harity is incorporated in Nortbern Ireland. 3 Ballymacross Avenue Lisburn Co Antrim BT28 2GX Registered Office Auditor David Lyttie & Co Ltd Chartered Accountants Station House 46 Molesworth Street Cookstown Co Tyrone B T80 8PA Page I
European Christian Mission Ireland Trustees, Report Th¢ trustees, who are directors for the purposes of company law, present the aDnua] report together with the fmancial statements and auditors, report of th¢ charitable company for th¢ year ended 31 December 2024. objectiv and acttvities Objecthiay, strntegies and aclivilies The piincipal activities of the charity are to promote ministries of evangelism, discipleship, church planting and hurch development in Europe along with their associated Social action projects. It also seeks to recnJiL traio send, support and care for workers caIled and equipp¢d to lfil such ministries. Public benefil Under the Public Benefit guidelines, for religion to be charitsble, it must be 'advanced', i.e. promoted or extended. As our clwitable objects include the evangelisation of the peoples of Europe. and the estsblishing and strengthening of evangelical churches across Europe, we consider that we meet this defjnition. The identifiable benefits include the transfornlation of lives through the gospel of Jesus Christ, and the fellowship, friendships and relationships created or restored througb participation in the life of a local church. Furthermore, the outworking of the Gospel of Jesus Christ by the newly established Cbristian communities tends to the promotion of the relief of povety and sicl(ness and the propagation of positive ethical values. These benefits are available to members of the public from all levels of social life across Europe, as we work in cornmunities ranging from the affluenL such as in Austri4 through to the very needy. such as in Bosnia. There is no private benefit or harm flowing from the purposes. The trustees confirn] that they have compiled with the requirements of section 4 (6) of the Charities Act (Northern treland) 2008 to have due regard to the Charity Commtssion for Northern Ir¢land's guidance on public benefit and the public benefit requirem¢nt has infornied the activities of the charitable company. Trustees and OleerS The trustees and officers seNing durlng the year and since the year end were as follows: Trustees.. Mr Andrew Graham Mccorniick Mr John Leslie Patterson (resigned 28 February 2024) Ms Jeall Tubman Rev Thomas Alastair McNeeley (resigned 31 May 2024) Mr Geoffrey Ber McIlrath Mys Lorraine Moore Mr Tom Greer (appointed l February 2024) MT Gary Mahood (appointed l Feb 2024) Secretsry: Mr Geoff Donaldson Page 2
European Christian Mission Ireland Trustees, Report Structureg governance and management Organisationol structhre The charity was incorporated as a company limited by guarantee on 8 March 20 16. The company is exempt under the legislation from using 'lin]ited' as part of its name. The charity is registered with The ChaTKties Commission for Northern Ireland, NIC102665. The charity is controlled by its trustees who are directors of the company for the pwposes of the Companies Act 2006 and is governed by the provisions contained within the Memorandum and Articles of Association. All trustees are members of the charitable company and stand guarantors of the charitable company in the sum of £1 each. There can be up to twelve trustees. Onc¢ appointed, trustees serve for a period of four years. At least two trusfres are appointed by the existing board and at least one by the member of the mission at the annual genernl meetings. Affiliation European Cbristian Mission Ireland is in a covenant agreement with ECM (International) and the ternis of this relationship are set out in a Covenant agreement signed by both parties. The board of trwstees of ECM (International) is the overall governing body responsiTrile for doctrinal and spiritual principles and the general direction and development of ministri¢s in Europ¢. Th¢ tti]st¢es of European Christian Mission Ireland are responsible for the promotion of work in Ireland, the recruittnent and member care of personnel and the raising of resources to further the objectives of the charitable company in Europe. EtUMAN RESOURCES Office Staff In 2024 there were four part time staff and two volunteers. Missiollaries and Associate Members The core business of the mission continues to be recruitment and support of workers who serve the church in Europe. At the end of 2024 ECM Irelalld was supporting 43 members serving in AlbanÈa, Frdnce, Kosovo, SloveniA Serbi4 Polall Portugal, Spain, Irelan4 Greece, Bosnia, and Gern]any. Prornotion and CommuDÈcations ECM Ireland has continued to make known th¢ spiritual needs of Europe known through our websits, social medi4 monthly prayer diary, tri-annual ECM LÈf¢ magazine, videos and tl]rough a variety of speaking engagements. We also hosted an ECM Supporters Day. Page 3
European Christian Mission Ireland Trustees, Report Achievements and performance ECM Ireland's principal activity is that of Clristian missionary work in Europe, specifically tbe support of burch-planting and discipleship through ECM (International). The ongoing focus in 2023 was in the areas of promotion of service opportunities in Europe, recruiting new mission workers, care for existing mission work¢TS, encouragement of prayer and giving for Europe. ECMS Mission Statement ECM'S mission statement is to 'equip, connecL and multiply followers of Jesus through church planting and discipleship across Europe,. The mission ststement can be expanded upon and explained more clearly through the key words of "Equip, CoDn¢ct,Multiply" EQUIP We identify people's God-given gifts and abilities and develop them into ministy and leadership. We train people to live out and speak out tbe good news where they are. We lovingly care for people, so they thrive Rn both life and ministry. CONNECT We build networks so that God's resources in one place caTh extend hi5 kingdom in another. We encourage people to work in teams, so their ministries have greater impact. We actively work together and forn] partnerships as a way of showing the unity of Chrisvs church. IuLT[PLy We mobklise and inspire people for God's mission in Europe. We Challenge people to become dis¢ipl¢s of Jesus who themselves make more disciples. We make possible the planting of healthy Churches that r¢pToduce natUTally. Financial Review The results for tbe year are detailed on the Statement of Financial Activities of the flltsncial statements. The net expenditure for 2024 is (£51,862) (2023 - Income of £46,053). The balance on unrestricted funds at 31 Dec¢tnber 2024 w&s £70,826 (2023 - £83,442) with a PTOPOrtion of this made up of property capital being £62,000. The balance on restricted fimds at 31 December 2024 was £377,850 (2023 - £417,096) and all of this is contained within the bank balances at the year end. Plans for the future Recruitment We cuThntly have no candidates applying for metnbership although one enquiry is being followed up. We have a team that is cunently planning for 2026 'Gospel Workers Gathering, event, which aims to encourage national workers in their knowledge of God, and to build up prayer contact and other support for tbeir ministries. This is a follow up to the same event success11Y held in May 2025. We will continue to follow up any enquiries from those who have an interest in working long or short tern] in Europe. Office Management Page 4
European Christian MissioD Ireland Trustees, Report ECM Ireland employ5 an Operations Manager (St¢ph¢n Megrath) who reports to the ECM Ireland Director (Geoff Donaldson). Partnering with others Continue to build and develop partnerships within ECM and with other Christian organisations through MAP, IMAP and Global Connections. In 2024 a MOU w&s established between Exodus and one of the ECM ITeland missionaries serving in Spain - this facilitated the creation of Exodus Spain. Communications To shao)en our communications via the channels mentioned abov¢, we held roadshow style events early in 2025 to rais¢ the profile of ECM. Member Care Continue to support and equip our members who are involved in Church planting and discipleship in Europe. ststement of trustees, responsibilities Th¢ trustees (who aTe also the dir¢rtors of European Christian Mission Ireland for the puryoses of company law) 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), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of ITeland Company law requires the trnstees to prepare financial statements for each fll]ancial year. UndeT company law the trustees must not approve the financial staten]ents unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company aThd of the incoming resources and application of Tesources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prndent. state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departur¢s 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 charitabl¢ company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any titne the financial position of the charitable company and enable them to ensure that tbe financial statements comply witb the Companies Act 2006and Charities Act (Nortbern Ireland) 2008. They are a150 responsible for safeguarding the assets of the charitable company and hence for tsking reasonable st¢ps for the prevention and detection of fraud and other irregularities. The ttvstees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable con]pany's website. Legislation governing the preparation and dissemination of f]nancial statements may differ from legislation in other jurisdictions. Page 5
European Christian Mission Ireland Trnstees, Report Disclosure of infonnation to auditor Each trustee Ims taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit inforniation and to establish that the charity's auditor is aware of that infonnation. The trustees confirni that there is no relevant infonnation that they know of and of which they know the auditor is unaware. The annual report was approved by tbe trust¢es of the charity on 18 September 2025 and signed on its behalf by: Ms Jean Tubman Trustee Page 6
European Christian Mission Ireland Independent Auditor's Report to the Members of European Christian Missxon Ireland Opinion We have audited the financial ststements of European Christian Mission tr¢land (the 'charity') for the year ended 31 DecembeT 2024, which comprise the Ststement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Staternents, including a SUMM of SI11fiCant accounting policies. The fjnancial reporting framework that has been applied in their prepardtion is United Kingdom Accounting Standards, cornprising ChaTities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ir¢land' and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the stste of tbe charity's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year th¢n etkded. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi¢¢' and have been prepared in accordance witb the requirements of the Companies Act 2006. Basis for opinion We conducted our audkt in accordance wkth International Standards on Auditing (UK) OSAS (UK)) and applicable law. Our responsibilities und¢r those standards are fillther described in the auditor responsibiIities for the audit of the financial statements section of our report. We are indep¢ndent of the charity in accordance with the ethical requirements that are relevant to our audit of the fAnancial statements in th¢ UK, including the FRC'S Ethica] Standard, and we have fulfilled our other ethical responsibilities 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 relating to going concern In auditing the financial statements, we have concluded that the tntstecs use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perforn]e(L we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast SIlficant doubt on the charity's ability to continue as a going oncern for a period of at least twelv¢ months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the tsvst¢¢s with respect to going concern e described in the relevant sections of this report. Other information The trustees are responsible for the other inforniation. The other infornmtion comprises the inforn]ation included in the annual report, other than the fmancial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other inforniation all except to the extent otberwise explicitly stated in our reporL we do not express any fonn of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the otbeT inforniation and, in doing so. consider whether the other inforn]ation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to b¢ materially misstated. If we identify such material inconsistencies or apparent materkal misstatements, we are required to detern]ine whether there is a material misstatement in the fjnancial statements or a material misstatement of the other iDfom]ation. If, based on the work we have perfoTmeQ we conclude that there is a material misstatement of this other Inforniatlo we are required to report 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 on other matter prescribed by the Companies Act 2006 In our opinioffj based on the work undertaken in the course of the audit: the ]nforntioll given in tbe Trustees, Report for the financial year for which the financial statements are prepared is consistent with the fiJ]aDcial statements. and the TTustses' Report has been prepared in accordance with applicable l¢gal Tequirements. Matters on which we are required to report by exception In the light of our knowledge and undeTStanding of the charity and its environment obtsined in the cours¢ of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters wheTe the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kep¢ or returns adequat¢ for our audit have not been received from branches not visited by us. OT tbe financial statements a not in agreement with the accounting records and rettwns. or certain disclosures of trustees remuneration specified by law are not nthde. or we have not received all tbe infornlation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of trustees, responsibilities (set out on page 5), the trustees are responsible for the preparation of the fmancial statements and for being satisfied that tbey give a tsue and fair view, and for such internal control as the tnteeS deterniine is necessary to enable the preparation of fanCIal ststernents that ar¢ free from material mi5StatemenL whether due to fraud or error. ID preparing the fmancial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disc105ing, as applicable, matters related to going concern and using tbe going concern basis of accounting esS the trustees either infrnd to liquidate the charity OT to cease operations, or have no realistic alternative but to do so. Auditor responsibilities for the audit of the fancIal statements Our objectives are to obtain reasonable assrnce about whether the financial statements as a whole ar¢ free from material misstatement, whetber due to fraud or e0[, and to issue an auditor's report that includes our opinion. Reasonable assuTance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material mi5Statement when it exists. Misstatements can arise from fraud or error and are Considered material if, individually or in the aggregats. they could reasonably be expected to iDfiuence the economic decisioD5 of users taken on the basis of these fmancial statements. The extent 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 Mission Ireland Because of the inherent limitations of an audit, there is a risk that we will not d¢tect all irregularitie5, including those leading to a material misstatement in the financial statement5 or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities ocCU1ng due to fraud rather than ern)r, as fraud involves intentional concealment, forgery, collusion, omission or rnisrepresentation. As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the f]cial statements, whether due to fraud or error, design and perfonn audit procedures responsive to those risks, and obta3n audit evid¢nce that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstat¢ment resulting from fraud is higber than for one resulting from error, as fraud may involve Collusio forgery, intentional omissions, misrepresentations, or the overTide of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures tbat are appropriate in the circumstallces, but not for the purpose of expressing an opinion on the effectiveness of the charity's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and T¢lated dksclosures made by the trustees. Conclude on tbe appropriateness of the trustees use of the going concern basis of accounting and, based on the audit evidence obtaIThe whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or. if such disclosures are inadequate, to modify our opRnion. Our conclusions are based on the audit evidence obtained up to the date of OUT auditor's report. However, future events or conditions may cause the chority to cease to continue as a going concern. Evaluate the overall presentation. structure and content of the fanCIal statements, including tbe disclosures, and whether the flljancial statements represent the underlying transa¢tions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, tbe planned scope and timing of the audit and significant audit fmdings, including any sigThificant deficiencie5 in internal control that we identify duTing OUT audit. Pag¢ 9
European Christian Mission Ireland Independent Auditor'5 Report to the Metnbers of European Christian Mission Ireland Use of our report This report 2s mado solely to the C]ritable ¢ompany's truste¢s, as a body, in &CrdIn¢e with Chapter 3 of Part 16 of the Comp)1¢S Act 2006. Our audit ivork has been undertaken so that we might stst¢ to th¢ charity's truste¢s those ma rs we 8re require to stste to them in an auditor's report and for no other purpose. To the fullest extent itted by law. we not accept or essume r¢5ponsibility to anyone other than tb¢ charitsble ¢ompany and its es as ? body, for audit work, for this report, or for the opinions we have formed. McG¢agh (Senior Statutory uditor) r and on behr of David Lyttie & Co Ltd, Statutory Auditor Station House 46 Molesworth Street Cookstom Co Tyrone BT80 SPA 18 September 2025 Page 10
European Christian Mission Ireland Statement of Financial Activities for the Year Ended 31 Deeember 2024 (Ineluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2024 Note Income and Endowments from: Donations and legacies Investrn¢nt income Other income 46,248 4,597 6,417 846,790 893,038 4,597 6,417 Total income 57,262 846,790 904,052 Expenditure on: Charitable activities Other expenditure (154,163) (975) (800,776) (954.939) (975) Total expenditure Net (expenditureyincome Transfers between fidS (155,138) (800,776) (955,914) (97,876) 85,260 46,014 (85.260) (51,862) Net movement in fidS (12,616) (39246) (51,862) Reconciliation of funds Total fimds brought forward Total funds carried forward 83.442 417,096 500,538 19 70,826 Unrestricted funds 377,850 Restricted funds 448,676 Total 2023 Note Income and Endowments from: Donations and legacies tnvestn]ent income Other income 46,427 4.106 5,475 804,568 850,995 4,106 5,475 Total income 56,008 804,568 860,576 ExpendÉture on: Charitable activitÈes Other expenditure (160,391) (911 (653,221) (813,612) {9ll) Totsl expenditure Net (expenditure)lincome Transfers between fimds (161,302) (653,221) (814,523) (105,294) 98,580 151.347 (98,580) 46,053 N¢t movement in funds (6,714) 52.767 46,053 The notes on pages 15 to 27 fonn an integTal part of these financial statements. Pagell
European Christian Mission Ireland Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrlcted funds Restricted funds Total 2023 Note Reconeiliation of funds Total funds brought forward Total fidS carried forward 90,156 364,329 454,485 19 83,442 417,096 500,538 All of th¢ charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 19. The notes on pages 15 to 27 forni an int¢ part of these financial ststements. Page 12
European Christian Mission Ireland (Registration number: N1636953) Balanee Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets 15 63,367 64,342 Current assets Debtors Cash at bank and in hand 16 17 16,012 376.237 21,288 423.038 392,249 444,326 Creditors: Amounts falling due witbin one year Net current assets 18 (6.940) (8,130) 385,309 436,196 Net assets 448,676 500,538 Funds of the charity: Restricted income funds Restricted fimds 377,850 417,096 Unrestrieted income funds Unrestricted thds 70,826 83,442 Total funds 19 448.676 500,538 The financial statements on pages I I to 27 were approved by the tnte¢s, and authorised for issue on 18 September 2025 and signed on their behalf by.. Ms Jean Tubman Trustee The notes on pages 15 to 27 forn] an integral part of these fjnancial ststements. Page 13
European Christian Mission Ireland Statement of Cash Flows for the Year Ended 31 December 2024 2024 2023 Note Cash flows from operating activities Net cash (expenditUTe)lincome (51.862) 46,053 Adjustments to cash ftlows from noll-cash items Depreciation Investtnent income 975 (4,597) (55,484) 911 (4,106) 42,858 Working capital adjustments Decre&se/(in¢re&se) in debtors (Decrease)/increase in creditors 16 18 5,276 (1,190) (4,269) 4,339 Net cash flows from operating activities (51,398) 42,928 Cash flows from investing activities Interest receivable and similar income Purchase of tangible fixed assets 4,597 4,106 (768) 15 Net cash flows from investing activities 4,597 3,338 Net (decrease)/incre&se in cash and cash equivalents (46,801) 423,038 46266 Cash and cash equivalents at l January 376.772 Cash and cash equivalents at 31 December 376,237 423,038 All of the cash flows are derived from continuing operations during the above two periods. The notes on pages 15 to 27 forn] an integral part of these fJnarAcial statements. Page 14
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 I Charity status The charity is litnited by guarantee, incoryorated in Northern Ireland and consequently does not have share capital. Each of the ttvstees is 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 Ballymacross Avenue Lisburn Co Antrim BT28 2GX These financial statem¢nts were authorised for issue by the trustees on 18 September 2025. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years pres¢ntel unl¢ss otherwise stated. Statement of compliance The financial statements have been Prepared in accordance with Accounting and Reporting by Charities.. Statement of Recotnmended Practice (applicable to charities Preparing their accounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORTr (FRS 102)), tbe Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) and the Companies Act 2006. Basis of preparation European Christian Mission Ireland meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at hkstorical cost or transaction value unless otherwise ststed in the relevant accounting policy notes. Going coneern The trustees consider that there are no material uncertainties about the charity's ability to continue &s a going concern nor any significant a5 of uncertainty that affect the carrying value of ass¢ts held by the charity. Income and endowments All income is recogThised once the charity has entitlement to the income, it is probable that the income wÈll be received and the aTnount of the income receivable can be measured reliably. Page 15
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 DonaÉions and legacles Donations are recognised when the charity 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 perfomiance by the charity before the charity is entitled to the fids, the income is deferred and not recognised until either those conditions are fully mel or the fulfilment of those conditions is wholly within the control of th¢ charity and it is probable that these conditions will be fulfill¢d in th¢ reporting period. Legacy gifts are recognised on a cas¢ by case basis following the grant of probats when the adrninistratorjexecutor for the estate has communicated in writing both the amount and settlement date. In the event that the gth is in the forni of an asset other than cash or a fmanciaI asset traded on a reCols¢d stock exchang¢, recognition is subject to the value of the gift being reliably measuTable with a degree of reasonabl¢ accuracy and th¢ title to th¢ &sset having b¢¢n transfeed to the charity. Inveslmenl ineoffte Dividends are recognised on¢¢ the dividend h&s been declared and notification has been received of the dividend due. Expenditure All expellditure is recognised once there is a legal or constrnctive obligation to that expenditure, it is probable s¢ttlement is required and tbe amount can be me&sured reliably. All costs are allocated to the applicable expenditure heading that aggregate stmilar costs to that category. Where costs caDnot be directly attributed to particular headings they have been allocated on a basi5 consistent witb the use of resources, with central stsff costs allocated on the basis of time spenL and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. ChdrlÉable ocllvltles Charitable expenditure compTises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocat¢d directly to such activities and those costs of an indirect nature necessary to support them. Governanee costs These include the costs attributable to the charity's cornpliance with constitutional and statory Tequirements. including audit, strategic management and tru5t¢es meetings and reimbursed expenses. Taxation The charity is considered to pa55 the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meet5 the definition of a charitable company for UK COTporation tax Poses. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I I of the CoTporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gain5 are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed &ss¢ts costing £250 or more are initially recorded at cos¢ less any subsequent accwnulated depreciation and subsequent accutnulated impairn]ent losses. Page 16
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 Depreciation and amortisation Depreciation is provided on tangible fLxed assets so as to MTite off the cost or valuation, less any estinuted residual value, over their expected usefill economic life as follows.. Asset class Fixtur¢s, fittings and equipm¢nt Depreciation method and rate 25D/o straight line basis Trade debtors Trad¢ d¢btOTS are amounts due froTll ¢Wtomers for merchandlse sold or services perfornied in the ordinary course of business. Trade debtors are reCOlIsed initially at tbe transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision foT in]pairn]ent. A provision foT the itnpainnent of trdde debtors is established when there is objective evidence that the charity will not be able to collert all amounts due according to the original ternis of the receivables. Casb and cash equivalents C&sh and cash equivalents comprise cash on hand and call deposits, and other short-terni highly liquid investments that are readily convertible to a known amount of cash and are subjert to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified &s Cent liabilities rf tbe charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve n]onths after the reporting date. If there is an unconditional right to defer settlem¢nt for at least tw¢lve months after the reporting date, they are presented noll-cuffent liabilitie5. Trade creditors are recognised initially at the transartion price and subsequendy measured at amortised cost using the effective interest metho(L Borrowings Interest-bearing born)wings are initially recorded at fair value, net of transaction costs. Interest-bearing bOowingS are subsequently carried at arnortised cosl with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activiti¢s over the period of the relevant bOOwing. tnterest expense is recognised on the basis of th¢ effective interest method and is included in interest payable and Similar charges. BOowing5 are classified as current liabilities unless the charity has an unconditional right to d¢feT settlement of the liability for at least twelve months aft¢T the reporting date. Page 17
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 Foreign exchange Transactions in foreign cuttencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. The results of overseas operations are translafrd at the average rates of exchange during the period and their balance sheets at tbe rates rnling at the balance sheet dat¢. Exchange differences arising on traDSlation of the opening net assets and Tesults of overseas operdtions are reportcd in other comprehensive income and accumulatsd in equity (attributed to non-controlling interests as appropriate). Other exchange differences are recognised in the Statement of FinaD¢ial Activities in the period in which they arise except for.. l) exchange differences on transactions entered into to hedge certain foreign currency risks (see above). 2) exchange differences arising on gains or losses on non-monetary Items which are recognised in other comprehensive income. and 3) in the case of the Consolidated financial statements, exchange differences on monetary items Teceivable from or payable to a foreign operation for which settlement is neith¢r plattned nor likely to occur (therefore forn]ing part of the net investment in the foreign operation), which aTe recogDi5ed in other comprehensive income and reported under equity. Fund structure Unrestricted income fimds are general funds that are available for use at the tnteeS discretion in filltherance of the objectives of the charity. Designated funds are UDrestricted fimds set aside for specific purposes at the discretion of the trustees. Restricted Èncome funds are those donated for use in a partÈcular area or for specific purposes, the use of which is r¢stricted to that area or PUTPQS¢. Financial instruments c11fICUlon Financial &ssets and fjnancial liabilities are recognised wh¢n th¢ Charity b¢comes a paTty to the contractual provisions of the instrument. Financial liabilities and equity instruments are ¢las5ified according to the substance of the contractual aTrdngemeThts entered into. An equity iD5truD]ent is any contract that evidences a residual interest in the assets of the Charity after deducting all of its liabilities. Page 18
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 Recognition andmeasuremenl All financial assets and liabilities are initially me&sured at transaction price (including transaction costs), except for those fanCIal assets classified as at fair value through profit or loss, which are initially measured at fair value (which is nornlally the transaction price excluding transaction costs), unless the amngement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the fanCial asset or fjnancial liability is measured at the present value of the tUre payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilitics are only offset in the ststement of financial position Whe and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the &5s¢t and settle the liability sitnultaneously. Financial assets are derecognised when and only when a) the contractual rigbts to the c&sh flows from the financial asset expire or are settleQ b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and r¢wards of ownership, has transferred control of the &sset to another party. Financial liabilities aTe derecognised only when the obligation specified in the COntrt is discharged, cancelled or expires. Page 19
European Christian Mission Ireland Note5 to the Financial Statements for the Year Ended 31 December 2024 Debl Instruments Debt instruments which n]eet the following conditions are subsequently me&8ured at amortised cost using the effective interest method: (a) The contractual return to the holder is (i) a fixed amount. (ll) a positive fixed rate or a positive variabl¢ Tate. or (iii) a combination of a positive or a negative f¢d Tate and a positiv¢ variable rate. (b) The contract may provide for repayments of the principal OT the return to the holder (but not both) to be linked to a single relevant ob5¢rvable index of gener pri¢e infiation of the CUencY in which the debt instrument is denominate provided such links are not leveraged. (c) The contract may provide for a determinable variation of the return to the holder during the life of the instrumen¢ provided that (i) the new rate satisfies condition (a) and the variation is not contingent on tUre events other than (l) a change of a ContraCttl variable rate. (2) to protect th¢ holder against credit deteriordtion of the issu¢r" (3) changes in Sevies applied by a central bank or arising from changes in relevant ttIOn or law" or (li) th¢ new rate is a llwket rate of interest and satisfies Condition (a). (d) There is no contractsal provision that coul¢ by its tern, result in the holder losing the principal amount or any interest attributable to the ¢urTent period or prior periods. (e) Contractual PTovisions that pennit the issuer to prepay a debt instrument or pemjit the holder to put it back to the issuer befoTe maturity are not contingent on future events, oth¢r than to protect the holdeT against the credit deterioration of the issuer or a change in control of the issuer, or to PTOtect th¢ holder or issuer against changes in levies applied by a central bank or arising from changes in relevant t&xation or law. (fj Contractual provisions may perniit the extension of the t¢rni of the debt instrument, provided that the rettrn to the bolder and any other contractual provlsions applicable during the extend¢d terni satisfy the conditions of paragraphs (a) to (c). Debt instruments that are classified &$ payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the Cash or other consideration expected to be paid or receivel net of impairment. With the exception of some hedging instruments, other debt instrum¢nts not meeting these conditions are measured at fw value tbtough profit or loss. Conllnitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairnient. Inveslments Investtnents in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measuTed reliably, investments are measured at cost less impairnient. Investments in subsidiaries and associates are measured at cost less impainnent. For investments in subsidiaries acquired for consideration including the issue of shar¢s qualifying for merger relie( cost is measured by refer¢nce to the no]ninal value of the shares issued plus fair value of other consideration. Any premium is ignored. Page 20
European Christian Mission Ireland Notes to the Finaneial Statemellts for the Year Ended 31 December 2024 Derivalivefinancial instruments The charity uses derivative fmancial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charlty does not hold or issu¢ derivative financial instruments for speculative purposes. Derivatives are initially recognised at fair value at th¢ date a derivative contract is entered into and are subsequently rerlleasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of fall¢la1 activiti¢s imtnediately unless the derivative is designated and effective &s a hedging instrumen¢ in which event the timing of the recognition in statement of fanCial activities depends on the nature of the hedge relationship. Fair value measurentent The best evidence of fair value 15 a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a SilfiCant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own.are not a good estinte of fair value, the fair value is eStinted by using a valuation t¢cEJnique. 3 Income from donations and lega¢ie5 Unrestrieted funds Designated General Restricted funds Total funds Donations and legacies. Legacies Gift aid reclaimed Regular giving and capital donations 5,000 2,500 30,615 5,000 61,212 826,826 758 7,375 57,954 788,836 Total for 2024 8,133 38,115 846.790 893,038 Total for 2023 13,737 32,690 804.568 850,995 4 Investment ineome Unrestricted funds General Total funds Interest receivable and similar income" tnterest receivable on bank deposits 4,597 4,597 Total for 2024 4,597 4,597 Total for 2023 4,106 4,106 Page 21
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 5 Other income Unrestricted funds General Total funds Rental income 6,417 6,417 Total for 2024 6,417 6,417 Total for 2023 5,475 5,475 6 Expenditure on eharitable aetivities Unrestricted funds Designated General Restricted funds Total funds Note Charitsble Activities Stsff costs Governance costs 9,757 61,482 75,694 7,230 800,776 872.015 75,694 7,230 Total for 2024 9.757 144,406 800.776 954,939 Total for 2023 24,508 135,883 653,221 813,612 Activity undertaken directly Total expenditure Direct Costs Employment Costs Establisbment Costs Office Expenses Printing, Postage & Stationery Subscriptions Sundry and other costs Travel and Subsistence Advertising and Promotion Bank Charge5 Forei Currency Gains / Losses 810,553 75,694 5,945 9,211 5,635 742 30,700 4,473 2,315 454 1,988 810,553 75,694 5,945 9,211 5,635 742 30,700 4,473 2,315 454 1,988 Total for 2024 947,710 947,710 Total for 2023 808,093 808,093 Page 22
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 In addition to the expenditure analysed above, there are also governance costs of £7,230 (2023 - £5,520) which relate directly to clwitable activities. See note 8 for further details. 7 Other expenditure Unrestrieted funds General Total funds Note Depreciation, amortisation and other similar costs 975 975 Total for 2024 975 975 Totsl for 2023 911 911 8 Analysis of governance and support costs Governance costs Unrestricted funds General Total funds Audit fees Audit of the financial ststements Independent examin¢r fees ExaD]i]Jation of the fu1¢1a1 statements Legal fees 3,900 3.900 2,610 720 2,610 720 Totsl for 2024 7,230 7.230 Total for 2023 5,520 5.520 Page 23
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 9 Net incomingloutgoing resources Net (outgoingyincomiDg resources for th¢ year include: 2024 2023 Audit fees DepT¢ciation of fixed assets 3,900 975 2,550 911 10 Trustees remuneration and expenses No trustees, nor any persons connected with them. have received any remuneration from the charity during the yeaT. 11 Staff costs The aggregate payoll costs were as follows: 2024 2023 Staff costs during the year were: Wages and salaries Pension costs 73,489 2,205 75.694 68.182 2,045 70,227 No employee received emoluments of more than £60,000 during the year. 12 Independent examiner's remuneratÉon 2024 2023 Examination of the financial statements 2,610 2,250 13 Auditor5, remuneration 2024 2023 Audit of the financial statements 3,900 2,550 Page 24
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 14 Taxation The charity is a registered charity and is therefore exempt from taxation. 15 Tangible rued assets Land and buildings Furniture and equipment Total Cost At l January 2024 62,000 14.632 76,632 At 31 December 2024 62,000 14,632 76,632 Depreciation At l January 2024 Charge for the year 12,290 975 12,290 975 At 31 December 2024 13.265 13,265 Net book value At 31 December 2024 62,000 1,367 63,367 At 31 December 2023 62.000 2,342 64,342 16 Debtors 2024 2023 Prepayments Other debtors 16,012 20,288 1,000 16,012 21,288 17 Cash and cash equivalents 2024 2023 Cash at bank 376,237 423,038 Page 25
European Christian Mission Ireland Notes to the Financial Statements for the Year Ellded 31 December 2024 18 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security Other creditors Accrnals 796 2,344 1,784 2,248 (2) 4,100 3,800 6,940 8,130 19 Funds Balance at 31 December 2024 Balanee at I January 2024 Incoming resources Resources expended Transfer5 Unrestricted funds General 66,138 49,129 (145,381) 9,757 85,260 55,146 Designated 17.304 15.680 Total unrestricted funds 83,442 57,262 (155,138) (800,776) 85,260 70,826 Restricted funds 417,096 846,790 (85,260 377,850 Total funds 500,538 904,052 955,914) 448,676 Balance at 31 December 2023 Balance at I January 2023 Incoming resources Resources expended Transfers Unrestricted funds General 79,978 42,271 (136,794) 80,683 66,138 Designated 10,178 13,737 (24,508) 17,897 17,304 Total unrestricted funds 90,156 56,008 (161,302) (653.221) 98,580 83,442 Restricted funds 364,329 804,568 (98,580) 417,096 Total funds 454,485 860,576 (814,523) 500.538 Page 26
European Christian Mission Ireland Notes to the Financial Statements for the Year Ended 31 December 2024 20 Allalysi8 of net assets between funds Unrestricted funds General Total funds at 31 December 2024 Restricted funds TarAgible fixed assets Current assets cUent liabilities 63,367 14.399 (6,940) 70,826 63,367 392,249 (6,940) 448,676 377,850 Total net assets 377,850 Unrestricted funds General Total funds at 31 Deeember 2023 Restrieted funds Tangible fixed assets Current assets Current liabilities 64,342 (33,253) (8,130) 64,342 444,326 (8,130) 477,579 Total net assets 22,959 477,579 500,538 21 AnaIysis of net funds At31 December 2024 At l January Financing cash 2024 flows Cash at bank and in halld 423.038 (46.802) 376,236 Net d¢bt 423,038 (46,802 376,236 At31 December 2023 At l January Financing cash 2023 flows Cash at bank and in hand 376,772 46,266 423,038 Net debt 376,772 46,266 423,038 Page 27