Registered Charity number". NIC 103806 HMRC number: XR67448 The South American Mission Society (Ireland) Trustees, report and finaneial statements for the year ended 31 December 2022
South American Mission Society (Ireland) Contents Page Legal and administrative information Trustees report Independent examiners, report Statement of fll)ancial activities Balance sheet Cash flow Statement Notes to the fmancial statements 9-15
South American Mission Society (Ireland) Legal and administrative information Charity number 103806 (HMRC Ref: XR67448) Business address I Irwin Crescent Lurgan County Annagh BT66 7EZ Trustees Rt. Rev. Andrew Forster- Chairperson Mr Noel Boyd Ven. Elizabeth Cairns Rev. Dorothy Dunwoody Mrs Judith Finch Mrs Ali Hutchinson Rev. Peter Jones Rev. Mark Lennox Rev.Stephen McElhinney- Mission Director Mrs Gillian Lynn- Administrator Miss Claire Homes- Mission Development Officer Miss Julie Allen - Administrator (from August 2022) Accountants Daly Park & Company Ltd 4 Carnegie Street Lurgan County Arn]agh BT66 6AS Bankers Ulster Bank 14-16 Market Street Lurgan Co Armagh B T66 6AP
South American Mission Society Ureland) Report of the trustees for the year ended 31 December 2022 The trustees present their Trustees, Annual Report, combining the Directors, Report and the Trustees, Report under the Charities SORP in accordance with Accounting and Reporting by Charities . Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. The trustees who served during the year and up to the date of this report are set out on page one. Structure? governance and management SAMS (Ireland) is an unincorporated charity governed by its constitution. The charity works with the church in South America and in fellowship with the 'CMS intemational network. (fonnerly the SAMS International network) of Anglican Mission Agencies. The charity was registered with the Charity Commission for Northern Ireland on 28th October 2015. Siructure The General Council are elected triennially at the AGM of the Society. 2022 was not a triennial year when elections were held. All members rnust retire after their three- year appointment but are eligible for re-election at this time. The Council is elected by the members of the charity. Membership is open to all those who are members of the Church of Ireland on the condition that they have made a contribution to the charity during the previous calendar year. The charity is under the control of the General Council. The General Council meet at least twtce per year. Purpose, objectives, activities and values Our Purpose and Vision.. The great commission fulfilled in South America Our Mission.. The charity's main activities focus on the proclamation of the Gospel and the building up of Christian Churches throughout the world but primarily in South America. Objectives and uctivilies.. The South American Mission Society (Ireland) is a community of people in mission obeying the call of God, to proclaim the call of God, to proclaim the gosp¢l in all places and to draw peoples into fellowship with the Lord Jesus Christ. The charity is also sometimes known as SAMS (Ireland) or SAMS. Our Value." In relationship to God, His word and the human family, the charity always aspire5 to hold to the values of: Biblical mission A family led by the Spirit Engaging Empowering KingdoTn principles Excellence in all things Public Benefit SAMS Ireland believes that the Christian faith is of benefit to society and individuals bringing a vision of transforniation for peace and social harn]ony which grows from what Christians believe is God's ultimate purpose to bring all things into unity and perfection in Jesus Christ. Most people are likely to become disciples of Jesus Christ if Christians "live a Christ-like life amongst them, share the good news of Jesus, dernonstrate God'5 love and prayerfully expect the spirit's power to transfonn individuals, communities and whole Nation5" SAMS Ireland seeks to demonstrate this benefit though it5 mission activitie5 in South America, Iberia, all of Ireland and Great Britain.
South American Mission Society (Ireland) Report of the trustees for the year ended 31 December 2022 Achievements and performance This report wlll help outline some of the specific moments that SAMS Ireland as an organisation can be extremely thankful to God for during 2022. The work of SAMS Ireland continues despite the difficulties of recent years. We thank God that during this year, life was able to return to some sort of normality following the pandemic. With the restrlctions lifted on alr travel, more meaningful face-to-face relatlonships were able to be enacted once again. Building on the work begun by Alan Gardner in the 18505, SAMS Ireland seeks to partner with the local church in many dioceses of the Southern Cone of South America. Partnerships have developed based on the gospel of Jesus Christ which seek to show His love in personal and practical ways. One of the stsndout moments of 2022, was an event called 'Kingdom Voices., In partnership with CMS Ireland, a week-long event was organised which allowed the attendance of 18 bishops and their partners from nations in South America, Africa and Nepal. This event followed the larger bishops gathering at Lambeth (Kent) during the month of August'22. Local N. Irish churches welcomed the overseas church partners who were able to encourage church members in world mission. The week's events culminated in a special event in St. Annes Cathedral, Belfast, where over 450 people attended to hear stories of service, church planting and reaching out in the name of Christ. One attendee to the event made the comment- "this event has put the spark back into world mission for mel" New relationships were formed between churches in Ireland and overseas bishop5, as well as older friendships being rekindled. What was lacking in the last two years since Covid, was dramatically overturned in a relatively short space of time. As a society. we look forward to building on these new relationships. We are very thankful to see new partnerships beginning to form as communication and friendship develop in this important two-way proces5. To facilitate this, we recognise that travel to South America needs to recommence. However, due to difficulties of fuel prices and the knock-on effect to aviation travel, it has not yet been possible for church groups to commence travel to South America at present. This remains a priority for the future plans of church engagement. Monitoring of projects that are overseen by the society was able to recommence during this year. Travel by the mission director and mission development officer meant that local partners were encouraged to continue in their strategic collaborative project work. A new initiative by the Anglican church in North Argentina, welcomed members of the indigenous church from neighbouring countries. A conference looked at issues of mission contextualised from the vantage point of the indigenous church. With greatly reduced numbers of overseas mission partners present in these areas, small local churches continue to seek encouragement from each other in efforts to remain faithful to the call of the gospel. Holistlc ministry needs are being met in such places like the far north of Argentina. Alec Deane and the garden project continue to meet the basic needs of freshwater and horticultural techniques to provide nutritious food for communities in these often forgotten rural i501ated areas. Clean water and the ability to learn new techniques in growing vegetsbles, has provided increased self-esteem in these small communities. Even in the isolated areas of South America, the mobile phone is never far away. Mission partnership must look at providing assistance in the utilisation of this technology with local churches. We continue to seek ways of partnering with the local church to access and build on these new means of modern communication. Collaboration continues to drive many new partnership initiatives. Travel has really helped facilitate the ongoing work within this area. Many fruitful conversations have planted the seed for future partnership developments. We pray that progress will be made with the provision of skilled personnel. The development of trust is key in thi5 regard, and a highly prized outcome. Thls year, safeguarding was an example of an ongoing partnership initiative. In response to local requests over many years, SAMS Ireland has this year once again offered theological training grants. These grants have been provided mostly to those in full-time education training to a5S15t those in preparation for church leadership. And future objective5 would be to look at ways in which discipleship can be enhanced, building on such thing5 which will strengthen and deepen a mature understanding of effective Christian leadership. We are deeply grateful for those who Serve on General Council Itrusteesl, and have seed, in a voluntary capacity giving their time, wisdom and energy in the cause of mission. Our Chairperson, Bishop Andrew Forster, continues to chair the SAMS Council meetings with skill and wisdom. Mission Director, Rev Stephen McElhinney continues in his role. As SAMS Administrative and Communications Coordinator, Mrs Gillian Lynn took maternity leave later in the year. We are grateful for the Services of Julie Allen who has aSSlSted during this maternity cover. Both staff and Council are thankful for Mr Phil Tadman who provide5 valuable and diligent oversight of the finances of SAMS Ireland. Billy Blair and his wife Laura continue to open their hearts and home to SAMS volunteers from South America. The annual Friday Night Live event at the beginning of February was this year held in person for the f irst time following the pandemic. A live 'Video Premierf enabled vlewing particlpation frorn South American partners. The event is a useful source of information and an evening of inspiration too many SAMS supporters. SAMS Ireland ha5 an intergenerational feel to it with a strong support base in many local churches and generou5 praying individual 5UPPOrters. Finally, to all who have Served and who are serving in the SAMS Ireland famlly we say a very sincere thank you.
South American Mission Society (Ireland) Report of the trustees for the year ended 31 December 2022 Financial review Although the charity's fvnds decreased by £42.2)3 during 2022 {2021- an increase of £81.776), this wa5 primarily due to the use of restricted reserves, which wgre increased significantly in ?021. and the decrease in the value of the investment unit5 in 2022. which we expect to rise again in due course. As can be 5e¢n from the annual accounts, total income and expenditure were both less in 2022 than in 2021. However, it was the restricted incorn¢ that was 40Q/o down, due to the exceptional restricted income in 20? l. but the reslricled expenditure was greater in 2022 than in 20? l. This meant that in 2022 unrestricted fund expenditure only exceeded unrestricted income by £2,027. Ivhich was encouraging as 2022 was a challentsing financial year for many SUpportS of charities. As you will see from the account5, we give thanks that the work of the chariry did uot have to be held back during 2022 due to finance, and as the work of the charity progresses in 2023 we go forward in confidence, aware of our dependence 01) God. and his people, the church. for the financial provision to enable the charity to fulfil its purpose and mission troing forward. Reserves Policy The charity operates a reserves policy whereby the trustees aim to hold a minimum of six months of the previous year's expenditure as unrestricted rcserves, to ensure the Charity can continue its mission and activities in the event of some unforeseen diffI¢ulty. The reserves policy is an integral part of the charity's planning. InvestmeFJf Policy The Trustees have the power to invest in such assets as they see fit. Investment decisions are based oil low riskthiJ return and are made with the interests of the ¢harity in mind. The charity sometimes needs to react quickly to particular situations and has a policy of keeping adequate surplus liquid fitnds short tenn deposits, which can be accessed readily. The trustees currently retain £130,000 in the COIF Charities Investment Fund, mankged by CCLA Investment managers, the valuc of which was £172,533 as at 31 December 20?2 (2021.. £195.229). Statement of trustees, responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kinirdom Generally Accepted Accounting Practice). Law applicable to charities in Northern Ireland require5 the trustees to prepare flnancial statements for each fancIal year which give a true and fair view of charity and of the incoming resources and application of resources of the Gharity for that year. tn preparino these financial statements the trustees are reqLÈired to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP. make judgements and estimate5 that are reasonable and prudent,. state whether the Charitie5 SORP (Updated January 2015) has been followed, subject to any material departtjres disclosed and explained in the financial statements. and prepare the financial statement5 on the going concern basis unless it is inappropriate to presume that the ¢harity will continue in operation. The trustees are responsible for keepin(r proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with applicable law. They are also responsible for safeguarding the assets of the charity and hence fortaking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board Andrew Forster Trustee Date: 22 May 2023 Mark Lennox Trustee
South American Mission Society Ureland) Independent examiner's report to the trustees on tbe unaudited financial statements of South American Mission Society (Ireland). I have examined the financial statements of the charity for the financial year ended 31 December 2022, which comprise the Statement of Financial Activities (ineorporating an Income and Expenditure Account), the Statement of Cash Flows, the Balance Sheet and the related notes. Respeetive responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements in aecordance with the requirements of the Charities Act (Northern Ireland) 2008. The charity's trustees ¢onsider that an audit is not required for this financial year under the Charities Act (Northern Ireland) 2008 and that an independent examination is required. It is our responsibility to= examine the financial statements under section 65 of the Charities Act. follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and state whether particular matters have come to our attention. Basis of illdependent examiner's report I have examined charity's financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Norihem Ireland under section 65(9)(b) of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The proLedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. This report is made solely to the charity trustees. as a body. in accordance with the Charities Act (Northem Ireland) 2008. Our work has been undertaken so that we might compile the financial statements that we have been engaged to eompile. report to the charity's Board of Trustees that we have done so, and state those matters that we have agreed to stale to them in this report and for no other purpose. To the fullest extent pemiitted by law, we do not aecept or assume responsibility to anyone other than the charity and the charity's Board of Trustees, as a body, for our work, or for this report. Independent examiner's st8tement In connection with our examination. no matter has come to our attention which gives us cause to believe that in. any material respect: -accounting records were not kept in accordance with section 63 of the Charities Act -the financial statements do not acwrd with those accounting records -the finan¢ial statement5 do not comply with the accounting requirements of the Charities Act -the financial Statements have not been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) -there 15 fvrther inforniation needed for a proper understanding of the accounts to be reached. We have no concerns and have come across no other matters in wnnection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be Teached. Ruairi Maginn Daly Park & Co ny Ltd Chartered Accountants 4 Carnegie Street Lurgan BT66 6AS Date: 22 May 2023
South American Mission Society (Ireland) Statement of financial activities For the year ended 31 December 2022 Unrestrieted Restricted funds funds 2022 Total 2021 Total Notes Incoming resources Incoming resources from generating funds: Voluntary income Activities for generating funds Investment income Other Incoming resources 118,495 2,068 5,480 68,030 186,525 220.435 2,068 15,623 5,480 4,835 33,095 Total incoming resources 126.043 68,030 194,073 273,988 Resources expended Costs of generating funds.. Fundraising.. cost of goods sold and other costs Charitable activities Support costs 1,172 125.565 1,333 1,172 211,125 1,333 345 212,687 1,974 85,560 Total resources expended 128,070 85,560 213,630 215,006 Net incomingl(outgoing) resources before transfers (2.027) (17,530) (19,557) 58,982 Transfers between funds (10,824) 10,824 Net incomingl(outgoing) resources for the year before other gains (12,851) (6,706) (19,557) 58,982 (Loss)/Gain on investment assets (22,696) (22,696) 22,956 Net movement in fund5 for year (35,547) (6,706) (42.253) 81,938 Total funds brought forward 391,588 213.697 605,285 523,347 Total funds carried forward 356,041 206,991 563,032 605,285 The statement of fmancial activities includes all gains and losses in the year and therefore a separate statement of the total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities.
South American Mission Society (IreIand) for the year ended 31 December 2022 Balance sheet at 31 December 2022 2022 2021 Notes Fixed assets Investtnents Tangible assets Current assets Debtors Cash at bank and in hand 12 13 172,533 121.143 195.229 1?2.121 14 13,246 ?66,915 ?.728 291,796 280,161 294,524 Creditors: amoullts falling due within one year Net Current assets 15 (10,805) (6,589) 26 287 935 Net assets Funds Restricted income llds Unrestricted income fjjnds 17 18 206,991 2L3,697 Total funds The fmancial statetnents were approved by the trnstees on 22 May 2023 and signed on its behalf by Andrew Forster Trustee Mark Lennox Trustee
South American Mission Society (Ireland) for the year ended 31 December 2022 Cashflow Statement For the year ended 31 December 2022 2022 2021 Cash llows from operating activities -12,121 -25,262 Adjustments for.. Depreciation 978 978 -13,099 -26,240 Movements in working capital: Movement in Debtors 10,518 1,370 Movement in Creditors -4,216 2,021 Cash Generated from Operations -19,401 -29,631 Cash flows from investing activities Interest received 5,480 4,835 Payments to acquir¢ tangible/investment assets -32,937 Net cash generated from investment activities 5,480 -28,102 Net decrease in cash and cash equivalents Cash and cash equivalents at 01 January 2022 -24,881 -I,529 291,796 293,325 Cash and cash equivalents at 31 December 2022 266,915 291,796
South American Mission Society (Ireland) for the year ended 31 December 2022 Accounting policies The principal accounting policie5 are 5ummarised below. The accounting policies have been applied consistently throughout the year. 1.1. Basis of Preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2015) (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Companies Act 2006 and the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. In preparing the accounts. the Trustees have considered whether in applying the accounting policies required by FRS102 and the Charities SORP the restatement of cornparative items was required. 1.2. Incoming resources All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of fmancial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific perfonnance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generdting funds when they are sold. Income from investments is included in the year in which it is receivable. Legacies are included when the charity is advised by the personal representative of an estate that payment will be made or property transferred and the amount involved can be quantified. 1.3. Resources expended Expenditure is recognised on an accrual basis as a liability is incued. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of generating ndS comprise the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and service5 for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of indirect nature necessary to support thern. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating inforniation in support of the charitable activities. Support costs are those cost5 inCUed directly in support of expenditure on the objects of the charity and include project management.
South American Mission Society (Ireland) Notes to financial statements for the year ended 31 December 2022 1.4. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Land and buildinos Computer Equipment Revalued every 3 years 33.30/0 per annum on a straight-line basis 1.5. Defined contribution pension schemes The pension cosls charged in the financial statements represent the contribution payable by the charity during the year. Voluntary income Unrestrieted funds Restricted funds 2022 Total Donations from churches / charities Donations from other organisations Donations from individuals Gift Aid on donations Legacieslother donations 80,516 31,923 4,063 32,044 112,439 4,063 51,681 10,518 7,824 19.637 10,518 7,824 118,495 68,030 186.525 Activities for generating funds Unrestricted Restricted funds funds 2022 Total Events income- Friday night live 2,068 2,068 2,068 2,068 Investment income Unrestricted funds 2022 Total Income from investment5 5,480 5.480 5,480 5,480
South American Mission Society (Ireland) Notes to financial statements for the year ended 31 December 2022 Other Incoming resources Unrestricted funds 2022 Total Grants received Exchange rate gain Property revalued Other income Fundraising and trading costs Unrestrieted Restricted funds funds 2022 Total Fundraising events Investment management costs 1,172 1,172 1,172 1,172 Costs of charitable activities - by fund type Unrestricted Restricted funds funds 2022 Total Charitable activities 125,565 85,560 211,125 125,565 85.560 211.125 Support costs Unrestrieted funds Restricted funds 2022 Total Professional - Accountancy fees Trustee expenses Cost of trustees, meetings 1,080 253 1.080 253 1,333 1.333
South American Mission Society (Ireland) Notes to financial statements for the year ended 31 December 2022 Gains on investment assets Investment costs 2022 Total Cost of investment- April 2014 Cost of investment- December 2018 Cost of investment- June 2021 60,000 40.000 30,000 60,000 40,000 30,000 Value of investment- 31 December 2022 172,533 172,533 Gain in value 42.533 42.533 10. Employees Employment costs 2022 2022 Total Wages and Salaries {in¢luding Employer's NI) Employer pension scheme contributions 76.632 83.744 No employee received emoluments of more than £60,000 (2021.. None). Number of employees The average monthly number of employees during the year, calculated on the basis of full-time equivalents. was as follows: 2022 Total Support Staff (I full-time, 3 part-time) 11. Pension costs The charity provides a defined contribution pension scheme in respect of its employees. The scheme and its assets ale held by independent managers. TPT Retirement Solutions. The pension charge includes payments to that scheme and to the clergy scheme, plu5 Other contributions paid by the charity as follows.. 2022 Penslon charge (including ernployer and employee contributions)
South American Mission Society (Ireland) Notes to financial statements for the year ended 31 December 2022 12. Investments The trustees purchased £60,000 worth of units in the COIF Charities Investment Fund on 8th April 2014, £40,000 units on 20th December 2018 and another £30,000 worth of units on 3rd June 2021. The value of those units was £172,533 as at 31 December 2022 (2021.. £195.229). Land and buildings freehold 13. Tangible fixed assets - Buildings for use by charity Total Cost or valuation At l January 2022 Revaluation l20,000 120,000 At 31 December 2022 120,000 120,000 Net book value At 31 December 2021 120,000 120,000 The propety was revalued in 2021 following discussions with the independent examiner. The above valuation was agreed by the Trustees at the General Council meeting held on 27th September 2021. Tangible fixed assets - Computer equipment During 2021 replacement IT equipment was purchased at a cost of £2,937 . The equiprnent is expected to have a life of at least three years. A depreciation charge of £978 was made for 2022 (2021.. £978). The Net book value of the cornputer equipment at 31 December 2022 was £1,143 (2021= £1,959). 14. Debtors 2022 Debtors and prepayments 15. Creditors: amounts falIing due within one year 2022 Accruals and defe¢d income 16. Analysis of net assets between funds Unrestricted Restricted fund5 funds Total funds Fund balances at 31 December 2022 as represented by.. Investments and Tangible fued assets Current assets Cuent liabilities 293.676 73,170 (10,805) 293,676 280,161 (10.805) 206,991 356,041 206,991 563,032
South American Mission Society (Ireland) Notes to financial statements for the year ended 31 December 2022 17. Restricted funds At l January Incoming Outgoing 2022 resources resources At 31 Decem ber 2022 Transfers Restricted Funds 213,697 68,030 {85,560) 10,824 206,991 Purposes of restricted funds The restricted fAmds at the year-end consist of a number of separate individual projects and can be analysed as follows'.- Paraguay- St Andrew's School and Annexe Paraouay - Concepcion Paraguay - Esperanza Paraguay - FEISA Paraguay- Mission Paraguay Paraguay- Baker/Curtis/HawksbeelProjects Paraguay - Dioceselprojects N Argentina- Land rightslGardenltranslation projects N Argentina- Chaco Church Trust projects Chile- DioceselPrattlTraining Team projects Bolivia, Brazil, Peru, Uruguay Other projects 258 5,067 29,938 6,196 8,377 2,361 12,611 10,716 92,954 6,061 3,996 16,609 11,847 TOTAL 18. Unrestricted funds At l January Incoming Outgoing 2022 resources resources At 31 December 2022 Transfers Unrestricted undesignated Funds Designated Funds 332,910 58,678 122.483 3,560 (144.457) (6.309) (10,824) 310,936 45,105 391.588 126.043 {150,766) (10,824) 356,041 Purposes of unrestricted funds designated The designated funds at the year-end consist of a few separafr individual projects and can be analysed as follows'.- Support for people in mission 42.362 Projects TOTAL
South American Mission Society (Ireland) Notes to financial statements for the year ended 31 December 2022 19. Approval of Aecounts These accounts were approved by the Board and authorised for issue on 22nd May 2023.
South American Mission Society (Ireland) for the year ended 31 December 2022 South American Mission Society (Ireland) The following pages do not form part of the statutory accounts. l (I
South American Mission Society Ureland) Detailed statement of financial activities For the year ended 31 December 2022 2022 2021 Incoming resources Incoming resources from generating funds: Voluntary income Donations from churches / charities Donations from other organisations Donations from individuals Tax repayment on donations Legacieslother income 112,439 4,063 51,681 10,518 7,824 110.258 2,388 93,414 14.375 Activitiesfor generalingfunds Events income 2,068 15,623 Investment income Income from investments (Decrease)/Increase in value of investments 5,480 (22,696) 4,835 22,956 Total incoming resources from generating funds 171,377 263,849 Incoming resources from charitable activities Other income from charitable actÈvjties 33,095 Total incoming resources Resources expended Costs of generating funds: Fundraising trading: cost of goods sold and other costs Fundraising events Events - FNL Friday Night Live 345 Total fundraising trading cost of goods sold and other costs Total costs of generating funds 1.172 345
South American Mission Society (Ireland) Detailed statement of financial activities For the year ended 31 December 2022 2022 2021 Charitable activities Investment expenses Aclivities underlaken dire¢t4J.' Loss on value of Euro account 1,446 3,732 Investment expenses total expenditure 1,446 3,732 Charitable activities Activities underlaken directly Staff - Wages & Salaries (gross) Staff - Employer Pension costs Expenditure on Mission Projects Expenditure on Mission Activities Office building running costs Office building repairs & maintenance Office equipmentlsupport costs Payroll and other professional fees Office expenses- Telephone Office expenses - Printing, stationery & postage Office expenses - IT Costs Sundry costs Banklbank card fees 76,632 7,112 91,695 14,094 741 1,584 987 9,358 1,020 3.817 1,235 769 635 76,531 6,372 100,281 8.003 689 1,176 1,430 8.635 944 3,028 968 248 647 Charitable activities total expenditure 209 679 208 955 Total charitable activity expenditure £211,125 £212,687 Governance costs Activities under(aken directly Ind¢pendent Examination fees Trustee expenses Office Expenses - other Cost of trustees, meetings Bank charges & fees Other charges 1.080 253 1,080 894 1,333 1,974 Support costs Loss on revaluation of propety Total governance costs £1,333 £1,974 Net (outgoing)/incoming resources for the year £(42253) £81,938