Registercd Charili number: NIC 103806 HIIR(' number-. R67448 The South Ameriean Mission Society (Ireland) Trustees, report and finaneial Statements for the year ended 31 Deeember 2024
South American Mission Soeiet), (Ireland) Contents Pagc L¢oal unil adminislraiivL inti)mialion I rustLY5 rL'pwi Inidependent examiner5, re]xTrrt Slaieineni ufiin¢in¢iJl 1]I.1t¢S Ba1ce sheei C'.ash floii Siuiemeni Noi¢s lu the lillan¢ial bldtementb
South American Mission Soeftety (Irelandj Ikgal and administrative information Charity number 103806 11 IfvIRC RII.: XR67448 Busine&s address I Ini'in Crescent Coiini), Aniiagh BT66 7F.7_ Trustees Mr N'uel &iTr'd Ven. E"lizabetli Cainis ReN Rosi¥ DilTin ReTr. t)iTrrothy D¥in{jodI. Mr_% Judiili fsiiLlI Ilu Sepiemb¢T 20241 Rf. Rev. .4ndrew piirster Mri H¢k"n firoi'¢S Eivv. GT;tham Hare Mrs Alison Ilulchillsnn R¢v. P¢i¢r Jones-clidirpersun Rbfv. MuTk l.enno ReN' John IlTrii¢ Rei.Sieplien mLElhInneliE5tQn Dir<tur (1£1 SLPILniber 21)?41 Mrs Cjillian l.¥nn- A£bniiii%trator Miis L lairc l.lolnics- lIS51n Dki'¢lLspm¢nt o(fi¢¢r Accountants Dal!. Park & (.'(Trmpanw Ltd 4 Lttmegie Street Liirgan Ci)unii ilnllagh B T()6 6.4S Banke UlbleT Flank ljellasl C'il%' IIITii¢ I PU Box 2) Fk41& Bl-l ib'B
South American MÉssion Society (Ircland)
Report ol the trustees
for the year ended 31 Deeember 2024
'he trtee5 preseiii ihLii'l-riisiees' iknthu41 Re[rL i(trmblnng th¢ nir¢aors' RepL)n the'lruslees. Report under
IIIL Charilie5 Sc)RP in acLordanie ii'iih Aciouniiiig Rep¢)riing b} C-liaFiIiLS .' SiaiiEnciii of KLeL)llini£nd¢d
PrnLliL¢ applicabl¢ tu chariiies prep41ring Iheir dccounls JLiuriianee ii.iih th¢ FTndnvial R¢p(irting Siandryi rd
<ippIiL£ible iii Ili¢ l IK aiid Reptiblic ()t' Ir¢lJiid IfRS I 011 {L.fleLtI¥'L l jrI 2015I- Ichiiriiies %C)Rl' IF'EiS IV?11.
th¢ I'-itwncial Rcwning .%Mndard appliL-able in th¥ ISK and RepubliL ol- Irelafjd IFR410?i. pnd thc LhJrities
(ALLouiII.% 3nd R¢wrLSI RigLilalions IN'orthem Ir¢l8Ddl 2V15. "Ih¢ IriJslS servcd during th¢ }'car and lip lo
tlie dale ol-this rep)rt are sei out 4)n p¥ un¢.
Struclurei governance Dd management
SAMS (Ireldi is Wi utiii)Lortxiraied LhaTity goi'Lmed bw its coiisiitiilion. llie Lh1rilJ" Murks il'ith rhe church ITJ
.%oLirh Ani¥rica and ii) fellowthip iKirh rlic 'CM% iiiiei'naiinr121 nilmork. ItDmieTI! thc 4AI¥l4 IniLlI)ational
nehyorki ()f Anglilttn fvlibsiuii Agencies. The Lhdtiti. regis1t with Ihe ChaTiIK C.vHirni4sii)i) Ic)T Nunh¢m
Iiel<]nd 28th OLib¢r 2015.
-giTllC'liirÉ'
Th¢ G¢n
South Ameri¢2n Mission Society (Ireland) Report of the trustees for the year ended 31 December 2024 Introduction ThL liilliiii'ing T¥piiri provi(ks an oTren'ieii' of Ihe achiLTremenis and PLrlorMlLe ufihe S011lh Americu17 Mission Sfrii¢i} Iiiland duri1 ihc }'Ldr 20?4. llwots¥l)OLIt the vear. S..iMS 1rel.tnd Lvijlinued ils mission lo 'ork iii pdrtikrship ivtih IliL Ivc411 LJiurLh in Irtrlai?d ¢iiid %"IirsU115 LVUTilri¢s in Suuih Ain¢rE¢& p&rliclilI!. tn Afgentiiia. Chile. klolivi{ Pangtiay, L'riiguai. gnd Peru. -rhe society remains ¥ommiirLyd io follering meanii)glul relaliiin5hipY•. faiililating mutual support. ai)d ddianLing the gospel ol"Je.4Lth C'hrist IOi1¥h praLtical endL'akouT5. AchRe'ements and performance Annual conlerence Fridai Nigh[ Lii¢.- Th¢ loLaiion of ihe Fridai. Nighi Live eient again held in Aiina¥?Iiinore Plirisli proi'ided an opp)rtunity tor Lnhanccd LollaburalioTI and felloii'ship. ThL eiLni. themed"Roored.. Siatidine Finn. Spr¢adin£ Hop¢,. m.as well-r¢ceiY¢d and str¢1thened lies to mission in Soutl) ikn?eriLa. Mission t)trn'¢ior Visits.. The MiSiion Direcii)r'& I'iSit io PerLI in Jiine as pan o(a sThall gFOilP o( LhurLh IL>ad¢rs io strLiigthL'n linkb ¥i'iih Uie Periivian ihurlh albo io enLoiirage ihL I{Ul LliurLli IhryTrugh d series ol-seinii)ars for LhurLh IL'ad¢r%. FJL¢- t&J-ItiL¥ interd¢tions emph&815cd ih impvrtdFILe ot peT50nal Telationsliip5 in gospLI mission. 3. FIJSION VoluntL'er Pro4iam- S.Jihq.I bid rarel11 lo a i'alu¢d voluiiic¥r fn)In Cliil¢ ii'ho li.as based in Lisbiirn Ki'hil¢ ivelLUtnin¥ ? neiv %'oluIii¢¢rs fTL)In Cliil¢. ()n¢ bL"un voluntrering in l.isburA ILoi]ni)r Dith$¢) and th¢ oth¥T iIi I'l)e HIIB C'haplBlnC ai Ween's LiniveTSiTh'. BL]fa. TIILSL connections sen'e os a bridgL beiiveen Church ol. Ireland pttris11¢5 ttnd oi.er5tas churches. fosi¢Ting miitual iinLlerstLtrk(liEE #nd siipwrE. Pr&v¥r Pock¥ts IALinch.. The Mibsivtt D¢i'¢lDpnienl OITtL¢r IfvIL)O) IdunLhed ihe llLlV illtli(Ili?¥ in 2 are&% si Iiiifjgld a21d ljalltrinoiith. l-hi5 has been eTra)iiraging a5 Ftople En the hre gather io sp¢oific&lli pra). lÉ)r pnijtcis ¢n Soutli .4rn¢rtC Mi5>i(Trn BT¢8k1I ()¥t0r.. Ib¢ 11151 SA.M% Irel&id fvqissiiin Breakfdst iius hrld In Ihe"1-3 C'entry al ViL-R}."n Lisbum. IÈ was ¢iKouraging to hear tsom ihe frusion i'olunlccrs and aLxiui Imelissa Nem'ell's miiiiitr¥ In EciJad(Ir and iiEILome sup]x)tters this iniimatL' bLfiing. 6. Chiirch fvl¢etings iii Ireland. SIIMS rep¥esenfatlN"es tta%'eled io wariiilts ehtircli meetin$ Irelan otT¢ring tiiLourag¢mLnr wid sui)port to local congregattons mission aclis'¢llCS. MembeY¥hip ui Ass(bCiJiiOll Ot Mlssion SciLielies". -%AMS dem(InsTrnied lis commitmeiit io ihe m.idvr ihurLh b} 111atain}n1y iii¥oli emeAt in Ihe .4ssJciaiion ol'mission SoLieiies IAN.tS i. P<ifiiLIPtsliiig in ekenlg such ax the Chureh ot Ireland Gcnkral S! n()d_ 8. Di()Lesan Liiik's.. SAMS Helped It) IdLililaie ille de¥'eli)pnieiit uf ne dioLYSl links N4'een Saft1141gu L)iuLes¢. Cliil¢. aiid Doi¥ii and Dromore Dioctse. here IR IrelJniJ. li)siering mutuul leariiing and collalxiraiion. Y. SAMS IrLland PortJXT in %lission.' il e 14ere d¢liohied io hai'L N'll"Ll] conie 01) Ird as %AM% Ircldnd PartrKr in Nlissioi) ii'hLfL sh¥ is b¥sL(J iii 14isahu4?Ili. L.Likadi)r. le are £l¢eplY gTaleful for ihose E¥e Cieiieral C'()IinLiI Irriisleesl. in J i'uliintilry" iapaLili' gii'inq iheiF lime. Isisdom w7d ¢ncTV in ¥ausc ol-mission. Nlissic)11 Dirccior. R¢i, S¥¢ph¢n 1£1-.[hinnei. stLPPid d()ii'ii frotn Iiis roll In SepTcinkr ?Q?4 attLr b i'eais. M.'e are i erk ttiiPlLClative ot %tcphcn )d all that Iii has achiLied in his iiillL as SAKMS IrLland kligiion DireLltsf. We a thank.liil li)r K,Irs (iilliai) l.i'nn %h0 c(IntinuLd her rolL as Adminisirsitii'e ttnd C(Immuniellli<)ns Coi)rdiJ?uliir Holmes li ho coniinued as . hliiSltl¥E l)ei Lli?piiieiit ()IIiLer. th sf¢?11- Lind L'i)Iiiicil urL IhanLlul It)r.klr Pliil .1 4)diiiaii itrh41 prni-ides i'jiliiahle i1nd dili¥eiil Iii¢r.4ighi L)I' Ihe li114niri uf 4AM% Ir¢l¢ll)d. Bill J" Blair dnd Iiis l.aurts icTrnljlll Li) on ilitrir he and hiime io SAls i-ulunteers tsom Si)Iiih A¥nLI"icJ. %ANIS Ireland dn inie¥(?eneraliL)nal f£YI ro it ii'iih a struiig %UPPiirr in Jmani. li)Lal churchcs and QLIILfous Prai'ino inLlii idiial illPFrf)rr¢rs. l.iTl41111". 10 all iNho havo sen"¥d and ivh() tsr¥' s¢TI'ing ij] the SANqS Ireland lamil) Ive . o N'ern" in¢Lr¥" thunk vou.
South American Missioll Society (Ireland)
Report of the trustees for the year ended 31 Deeember 2024
Fiijancial review
.1 h¢ chatit}' s kid5 sn¢1sed bj £93.-370 during ?11?4 follong un inLre&%e (Jf L)1,704 during 702.3. Ihi5 was
prUthl1), dut to in¢r¢as¢ OÈ'r¢5tricled tunds ITh 2U?4 and ihe incredse In the i'alue of Ihe i[Le[Men[ units b),
£4.?62 dutinu ?024. lulloiiing the incTea5¢ in N'aluc ot £16.120 ¢.xperieRced in 2023. A5 Lan bL trorn th¢
aiiniial accotsnts, total incotllc and cxpenditure 14LJe Lxith miirL in 2(J?.I than in 2D?3. Tlie reslriLtL.d inLome was
£1{18.??11 nior¢ in ?0?4 conipared 10 20?"
-J. mainl) due lo IL¥dLN ÉtILun)¢. 'I"he r¢siri¢iLd ¢NndItUr¥ ifvas kilso up
b) E_14.hl)0172G/(t) LOTIIPaTcd to 20?-
This meant That in 10?4 ihLfe Il"tLS iiet unrrsiriLied fund eAp¢ndiliir¢ tst £12.77?12Q23-. rKt unres%ri¢trd income £1441 and
fty.qtricted ii?¢i)n?e ira ?0?4 ot £ It16.14? 1?02i n¥'l rLstri¢wxl iniOm¥ £i1.-S6()l inLludiTig the g4i¥i in the i'alutr o- thc
inve%Lm¥iil unils. lis )'ULI Ii'ill iee froin Ihe accolints. rhe ivork of Ihe ehdrit). lias noi resiriLicd b¥. a laLk of lindnLial
PTOlS1O dI*ng ?0?4. As tve look ahead. gii"e thynkf. i%¢ g(} flir1[d alarL Qt our depLndince on God, hi5 PL(TrpII.
tl?¢ i12LirLh: lor the linLia1 PTUI i¥ll>ll l() Lntsbl¢ lh¥ char2lN tu lijifil tls PVSP()s¢ anil nii55i(In.
Resenres Polic)F
'IhL ¥haTItI' OPLrnies a reservLS Pl)liLN w"herekn. th¢ trutsitres aim lu hvld u TninimiEm of mniiths of th¢ Pr¢70
Jear 5 t¥nditre as urwestricted iesL'rne& to enwre the Ctharity" Lan conÉinu¢ i15 mission and a¢tii'iti¢s iIi lh¢
¢i'cnl nf¥Linie iu)foreseen dilFiLLtlh._ llie reserve% w)IicK' t5 Ejn inlt8rnl prt of iht Llwil!,'s PITr¥1g.
lpivesliitel Pulicifr
ThL fruste¢4 havL the wivcrro invest in SilLh asseis as thel see fil. Invcsm1¢ntdecisions are based on loi%' risk.41igli
reiuTn #nd dr¢ Ina. i%ith Ilie iiiter¢s1.% ul. Ihe Lharil). in mitkl. rhe charil). willLlgin¥% I)L¢' to T¢[ 412iLLlk li?
paFIiLuI2T n¢eds and h&5 iL w>lici of kccping adequate surplus liquid liiiids ifi s]Mlrt-temi d¢pL)sils. ilhich L) be
aLLLSsed rtlL dil}". 'l-hL Ini.stees LUTrentli rL"iain El30.0011 in Lhe CC)Il" clilties Investnieiil Funit Tnanag¢d b}
LCLA InN"LsIEnenl anagerS, the i'alue ot was £192.915 on 31 D¢ce2nb¢r ?U24 120)J'. £188,6i31.
Statemen¢ of trustees, responsibilities
"I'h¢ Irust¢e> resptsiisible lor prLp
t¢ps for the prevention and de(ecli(In of fraud and Dtlier iffe8Lilaritie5. On behdll'of tlic board l)Eter JLines Trustee k LEntX 'rruslee
South Ameriean Mission Society {Ir¢land) E>%tt-. 24 June 2Ql Indepelldent examiner's report to th¢ trustees OD the un¥udited fin#TJci#I statements of South American Emission Society (Irel#nd). I 1?4ve ¢.iJThi51eLt Ihv rji1)ll7 .tslLIIILiilS ol- Il)L ilitsrjty tor tJJL ttl1)c18j I'tar eJid¢d 31 DeLI'mber !{1?4. Iiliiih comprisL the SLaitment of Fanla1 ,4itivilL¢S IiiiLL)tPVfaiing aft In¢om¥ Exp¢iiditur¢ Account). Iht StdlLmLRI l)r Q"ash fiiJii'5, IhL Sh¥il Ih¢ r¢l4d 1¢ Rspettivo r¢spoosllbilities of trnslw ex4win¢r "Th¢ ihani!'% 1rustr¢ respiinsiblc ftsr Ibe PlEP3Yaiivn (If Ihc liipaiiiial 51atem¥nls In abei)rdktnLL' iilh ihc re4uirtin¢nts uk Ihe Charitie5 .l¢i (North¢rn Ireland) ?(K)8. Tli¢ kharity'.% Inislees L()JJsid¢r Ih&il an dudii EIOI requ¢d for Ihis lindn¥ial iLar uiidei ih¢ Lliariiies A¢t IN'orth¢rn Irelandi 21111¥ and IhAI illd¢p¢nilLoi LNamin4lllllL IS reqiiired El Ès ou¥ K'wnsibiljty to.. iKaminL thi siatemeni5 Linder sectioii bi (Trl'ih< I'.httrill¢.% ALI. fvllow" tli# pioLeduFeS latd doi%n b). Ih¢ g¢nLral l)ty¢¢iionb 8JVtn b!. the Charitv Commissioli for Ntsrthem Ireland IEnder seirilTr h_flgiibi of ihe Q'httniies A¥1. and Slaiu wliether particular maners hai'e coiiie its our att¢nt7(Trn. Basi.9 of indeptnilent txtsmincr's report I hui'¥ i.xaiiiiii¥d Lharil! s f1£i&l siateinents as required unQ¢r s¢¥XiOii Trfr'ihL ChaTilitiS attd oir cxllmin4inon a5 iarri¢d out In aLLordLe ikith the 8eTh¢ral DiTec¢loi given bi. Ihe Cha¥ii)' LotnEni5SiOn tor NortherK Irelid undLr secliuii Oiiyiibi tslihe L'hdriiies ..ILt. ..In ¢.%)Inall1)n iRLludL5 41 YLkjeI of IhL aCCOU]]ling tvLI?Ids kepi bi diL ioinpan5 antj o roiopiifLSOJi ofd?L fiiianLial sialeinents Presented iyith those Te¥ilTLis. li alstr inLludiS onsIdratiO11 of ani. un115ual itLni% lir di%Llo.sut¢s iti Ihe Itlltsll¥ial lila1¢}ents tipltsiititi(Ins frottj the (rusiees conierning lal. suLli i)ialtLis 'l'liL proLcdiiiLs Ltndcrtak¢i) do not p¥oK.Id¢ all thL Li thai ivoiild lyt req11e in an audil ionsequcnil%" no opitJoJE is given a5 t i¥hLihLr the aelthunts preseni a -Irue and ljir vieii, dnd thi report Js limited 10 th05¢ mall¢TS $¢1 out in the siaEtT17eni beloii.. This repod is made sol¢l!' ii) the Lhani! trusiees. as a di. Trie Hith ili¢ Cli#Filie5 AL1 INDEth¥m Irelandl ?U08 Uui hos been UnLlertaken so ilidt c mi4hi compile Ihc lin4nLial slate¢1}l$ thai li'e h1.¢ bryn #nllag¢d 10 conipil¢. r¢pon lo tht chaTÈt) 8 Board of'rtU5teLs thai i¥t h#i'e done so. and sraie rhi>se marter£ thAI ¥VL hATrL agreed to ilJt¥ to Iliem in tlii% TeP()rt ;Ind fDT fLtI ckthtg purp(w. To ihe tiillesi exient [111¢{t bv law_ i*e do not icLepi 01 a5siiiiie respoilsibilit to ani¢)ne other than The Chat2 anrf the Lhwity's B0d i)fTruslees. Js k both. lor OUT %%uik". OT lor Ihis report. Indepelldent examitr,$ 1tr1ttm¢t In ¥OiiiieLllI)11 our L.Xtu]JindLlOn, JTro niattLY liLs cotne to our attenlton i¥hJvh g&ses us La11 10 btlJLvt that in, any Fn&ti'rial ILspeLt. -aL¥oiiniing reLords iK¢r¢ iiiil k¥PI 111 S.11 sekniion 6"i of¥lie Cliartties kl -Ilie tiiittncial siJl¢iiieni8 du not 3LLoid ii'ith t]iose aicouiIIIIi8 l[d$ -the linati¥Jal slalrn1Li5 do iioi cothplk th'iih tli¢ aittsunting rL'qiiiremLmiS of the C.hiiritits Ail -thL finanLial siaten?enis hake noi beeii PT¢parLd in aL)r{laLE ii'ith ihe Sttsieznent Iil-ReLiimmended PraLIILX' appli¥ablc 10 whtiritsts preparing their ac¥ouni£ in a¢i¢)rdtsnLe i¥iih the Finaniial Reporting Stundurd appliiablL the b'k and RtpubliL of Irelan(t I trRSI(P21 -ttLere 15 fiirtheT inli)midlitsn iiw.ded lor a proper t5ndeT51aiidEng ul"IhL aLI{iunts t(¥ bl. rLaJwd. 'e hailt Ilinterns #nd hjie come acro n4) othLr mancis in cvnne¥tt¢>ll iKiilI the examinatjon ii'hiLh aiienLion 5hotsld be drailm in this repon In oril¥r tv enJblL a priipyr unde15tandI¥J ulihe liiianlial bial¢niei?Is li) be reaihLd Ruhiri Il#gixn Dali. Park & Compsin) Cl?tsriered.4Lit)untsuits td 4 C-.arRe8ie SI¢1 Liirgwi Dfb6 OAS Date: 74 Junt 202$
South Ameriean Mission 4Society (Ireland) Statement of financial aetivities For the year ended 31 December 2024 I'ttrestricted Reitritttd fuTrds 2024 Total 21123 T(Trtal Incoming resources liicomintt resourct5 Ironi g¢nerdiing tdS.. Voliintar¥ illcom Aciii'iiib8 IOT oenerating fiinds Ini"¢sttncnf Ioe CJihLr IncLTrlliiELg resoiiTIKS 188.718 ?71..j29 3.980 111.5<10 196 178.411 4.01.1 10.500 196 6(K) Total illegmiDg resources 97.787 188.?1¥ 286.(105 19(I,i83 Resourees expended C.0515 ()fr geneT£IIIDg fL¢nds: Fiind142lSillg". 1.4fK> 110.?09 1.40f) 2.1()7 171.-lJ4 Charilabl¢ activiliLS upport costs ?,544 Total resources expended 114,li9 82.738 196.¥97 174 ()9 Net in£oming/{outgoingl resourees before trallsfers 116.1721 105.480 89,108 15.514 Translir5 Ix'libLx'n tiinils Ifkn21 'et incomilltsl{outgoin¥) resovrees for the year hefore other g#in5 117.0341 IU6.142 89.108 15.584 11,05sllCiain on invLstTneni 16.1?0 (12.77?1 106.142 93.370 31,7114 Tolal lunds broughi lorward 3)1),185 ? ?8.)51 5Y4. 1?6 5173.03? Totgl funds earritd fonwgrd 34.i.413 i44.643 688.11)6 594,73b Tlie staiem¢nt uf financial aLtii'itleS IIILlude& all gdins a]id 10ssL> in Ihc i'¢ar and the[ore a sepatdie slu1[1£{ 4)1. Ll)¢ 10t1 reiagJii5ed gains atiLI IE)s%es hds nol bcesa prepared. All of ilie abiive ani(iiinis ljIL Iii cuntinuing aelii'iLiLS.
Soutb Ameriean Mission Society (Ireland) for the vear ended 31 December 2024 Balance sheet at 31 December 2024 21r24 2U23 Fixed Assets IiiTr'estmenlS ilttgible a55¥1S Cllrrent assets Ik.btnri c4h ai bank and in l)atKI 12 13 192.915 120.16.5 14 2111)2 369.OQi -179.49$ -791.416 C".reditors: amounts falling due IvithiTh one ye#r 14.J041 {).4981 llet current ass¢ts IN'et assets SJJllJ6 Funds R¥%Lrict¥*d in¢ome futids L21)resifiLled inLYime fimd 17 18 344.69) 15_6 1& Total funds -Ihe tiNaEi¢ial 51ut¢m¢nts ivirc apprnFid b). Ihe Irustf¥5 ()n 24 Jvne ?025 Imd sign¢d on its bthttlt-kn. JFUL PeterJon£s Trustee Mark Lennox Trustee
South American Mission Societv {Ireland) for the year ended 31 December 2024 Cashflow Statement For the ye#rended 31 December 2024 2024 2023 Cash flows from operating act¥vities Adjustments t.or: 99,938 25.097 Depreciation 165 978 99,773 ?4,119 lov¢ments in ivorkiiig capilai: Movement in Debtors (12J40) 9.586 Movement in Creditors l.l94 Cash Cienerated fri)m Op¢rdtions 110.919 Cash floH's from investing dclivities Iiiierest receiN'ed 10,500 7.5.57 Pa}'meJ)ts lo acqiiir¢ tangibleliiivestment assets N¢1 ¢ash generated trom investment aciifv'ities 10,5(10 7,557 Net In¢aSe ill exsh 8nd casb ¢quI.alenÈS Cash #Thd eash eqlliv8lents at 01 2024 100,419 1,669 766,915 Cash und cash equivalents at 31 December 2024. 369,003 ?68.584
South Ameriean Mission Society (Ireland) for the j'ear ended JI December 2024 AecountiRg polities 'I'lie priti¥ipal acLoiinling poli¢i¢s are summarisL,d irk)N%.. Th. a¢¢Duniing policies havL Ln applied Lonsistenil). illrou8hut the i."edr. Basis of Prep9r2tion ThL Iinanctal slaiLmLnls ha%'L been prepdred in aL£ordiuKe iviili Aciounling and Rcportiiig bj Lharilie.s.' SiaiLmLmi ol. R¢iQll)mLiidLd Pra¢iicc ppIiLiL hle tv Lhl{l#S prepariiig ihLir aicounis in aLLordancL l¥lth thc inatlLial RLportii)¥ %tdiid4lrd appliLhble iii th¢ liK alid Itepiiblic ofiTclaiid IFk% l O? I Icftrcctii'e l Jc?i)Iiar)' )lJl il {( hariiies %()Rl) I fR%10?11. thL Financial RLporting Stsii(lard applilable in the U'K and Republic of Ireland IFRS10?i. lh¢ CuRipaiii¥s Act 2006 aiid th ch](7¢ IIlLLoiillls dnd R¢wtts1 Regultilitsns INorihern IrLliindl ?015. In prLparing ihe aLinunts: the'l iuylees Iidtre Lonsidered w'hether in appli'ing thc accniinting policiLS rL'qLiiYed hi. FRSIO? and the C'hariiies SORI, the restdieTnLnt ol-comparalivc it¢it15 M75 r¢quird. 1.2. Illeomiisg resor(rtes All inionjing r¥S()ufLf% are included in 117e staletpjenl É)1 financi&l aLti7p'ities whcn the cliwity is enliiled lo the iiiLiimL cijid ihL ali1)I Ltui 4uai)lified li ith rcasontkble &LCLLrac!. "the folloii.ing 5pvcific pc>licics appli d ro partlLular iatL'gories oj. iJ1LOt)ie. Voluniari. incoEne is reLe1.¢ b). wai. of gr3llES. donations and gifti aFtd 1$ Inoluded ITr fiLII iii lh¢ stsl¢tnvni ol- riJ)aiiisal ailivttits ikli¢n r¢iiil'4blL. Granls ihliK i'nlitlLintsnl Is 1)01 LuJidili(Inal c)n the delii-en. ofti speLiIiL peTfottLianee bv the LhdrtL)', lte teLugnised i%,hen Ihe charits, beconie8 uiicondilionall!.- ¢nlitled to ihe grL Donaied serviLYS and fariliiiLs are incliiocd ar rhe alUe to Ihe cliafil!. Ivh¢r¢ this qtwitifi¢d. Th¢ i'<iluL ol. qernylLCS proi.ided h. volurtieers noi been tncluded. Gifls doated fL)r Tesale are inLluded as inLYiming rL"sources iviihin aLtiiiiies For generaiinx ftjnds when thth. are sold. lilln)l. froim inve8imenis is inLluded in the )'L'ar in i%hiLli ir is r¥¥¢["&bIe. Lcgatyics are inLlii(kd i%'h¢n th¢ cliaril¥' 15 advi%cd b), the rept¢sentaLive of an estdte ihllt pu)""meni itrill be Inthl¢ or prnp¢ trwistL'ifLd. alld ihe amouiil ini'()Ived Ldn bc quaniil-Kd. 1.3. Resources expended EipLndiiurL is reLI)8ni8cd on an dLcnial a liabiliti is in¢tirr¢d_ F_%ndit[We illLliide dni VAI. iihich iannot be fully rccovered and ts Fewrted Js paiL ¢)l-Ihe e%ndItrE io h1¢h it Tel. C'asts of generBting tunds comprise the cosls a5soLialed i¥iili attra¢tiEig Volunt income. Charitable eNpe1iditte ¥omprisi.% thosc inciIrred by Ihe Lhariiv tn Ihe dL.livern' of its ilctiviiies cind Jerk iie81()F lis Ik'nLIILiariLS. 11 irtLliidL5 botli Losls th&il Lilli b¢ ollo¢at¢d dir¥cilI' to SULli aLlii'iries LlJ)d tliosL Costs ot'an indirect nattirc necessar¥. lo supp)rt them ufi(Irai51ng LOSts' Iiie ihtise iniufE¥d iii seeking ¥olw?tarn. conttibutions atut do nDÈ inLldde the Los15 01- ,lis.%¢mii)tsiiO inlormilllLlI) in siippon ol-the Lhariiable ciLlii'iliL.%. UPl)l)tt L(?.%l% :Irc Ihi)S¢ Losls inL'urred direcili in supptsri i)f eNpL'ndiwrL on IhL ohjects ot- the charits. and iIILliiKIL pri)JiLI iiianagiin¢n(.
South Ameriian MissAon Society (Ireland) i Otes to financial 5tatemellts for the ye#r ended 31 December 2024 T#ngible fixed assets 4Ad depreelAtion TangiblL IixLd 1lSSLI¥ drL %l£llLd <11 ¢l).%i IL.*) iiccumulaiLd dLpYeciaiii)ii. Depreciuiii?n is provided ai rates ealcu111ed io ii'rite otl-lhe cost less rknsidual i'alu¢ 01"¥h a55el over ils eNFLCted usefitl life. &% folloi¥5'. Land and buildings Lornputcr r.qiiirment Rei'alucd ewcr)." J )rws 33 J /0 pcr annum on qtraight-line basis Defined contrtbutiofj pension schemes Th¢ "1]siOn i0515 LhargLd in thv IiiidflLial slalLfflLnls reprl.0( IhL" £ontribiiti(Trn p4ti1i hle b) the Lharil). during ilk foluntary iiieomt l-nr¢stricttd funds Rutricted nd.s 2024 Tnt#l D<)iiation5 from churclies i ilkxrili DuRalioi?s Irom oth¢T organisalions DoiiaiiL)ns I[0 iiidii'idui115 CTift Aid on (kniiations l_egttci¢slLltlicr donat10115 54.7tM 43,407 18.040 111.167 10,-367 Iry) IXK> 1811.?IX Activities for gener#tillg fuuds I'nrestricied Resiricteil rullds 2024 Tfjtol Ev¢nis incom¥- Fridai. nioht liv .).980 Ini'estment income [Inre5trirted funds 2024 InLome frum ini'estmei)ts 111.5flQ 111.5nO 111.500 10.il)O
South American Mission Soeiety {Irel#nd} Notes to financial statements for the year ended 31 December 2024 Other Illconiing resourc¢s l.'nrestrfficted funijs 2V24 Total CiflL nts r¢c¢ii'cd P.xihangL fiiL giiin Pr()p¢rti. rLvaluL Oiher inLI)ni¢ 196 Fundr¥i5ing #nd tr8ding ¢osls I nre$tricled Restricted fund5 fund5 2024 Total Fundr4i¥ing ibV¢nts InN"e%tmtiit r]iataagem¥nt cos1$ 1.406 Costs of eh#riÉgble 2ctiI'ities- bv fund tvpe I'nre5trirted Re5trieted rund5 21J24 Total Lharitablc acliviti¢b 110.?09 19?947 110.?09 19?.t)4? Support ¢osts I..TrTestrii'ied Rt.Itricte(I fund% 2024 Totxb Protessiunal- Ac£tiuni&ic).' feL'S .1 rustcc cxpe%iscs C'LlSt ol-ErusteiS' mL¥(inos Insui'anLc- rc t¥¢8 1.260
South Ameri¢aD Mission Society {Ireland) Notes to finan¢Aal st#tementS for the year ended 31 December 2024 Gaftns on investnient assets Im"estENent costs 21124 'rotfjl C(Isl nt inY¢stJn¢nt- 7014 Cu.s101 ini'estmeni - Deceinber ?018 L'ost oF]n¢s$enÈ- June ?11?1 611.0110 411.(b()O 30.0(NJ 60.000 4(>.11011 -iii.o(10 Value of In1-eMen1- il D¢ccniber 19• 915 19?915 Gain in wal 6!.915 io. Employees Emplo)ment C05t5 2024 2024 l otol la&Te5 Salaries linLluduig En)plu)¢r's Nli Empl(Tri'er p¢nsi4)n %lii"IllL' LcFnirihiiiKJns (?9,giH 8.779 7¥.717 Nij eiiipl(TrFee r¢LeiNed ¢molunie121% iTrl' Jniire ihaii £bO.011111211?i: NO). Number of employees Ic avcT2ge mDJ?rlil J niimber ofeiyiplv)'ec% durinb7 ihe lear. ialiulalLd 17n Ili¢ bi%15 (11. full-tim¢ ulillalLy}tS, as &$ tolloiv5: 2024 Support Sratl I I tull-iinie. - pan-timel Pension costs ThL' chariTi proNides a difin¥d Ll)l)ti'ibulii)11 PLI)sioiI.sch¢n)e sn resLt ol- its emplo)'LL.q. l-hL schcme and its asaets are held indepLndL'nt nianagcrs. TPT. RL"lirenient Solutiiins.-Ilie pen5iOII Lhargc includc5 payiiicnls to ilial schLniL nd iu ilie Llergi 5il)¥mL'. plu% ()th¢r LUlltribiiti012s paid hi the chttritN fc>lloi%s'. 2V24 Pensioii charg¢ lincluding eniplover and eTriplo!'ec ¢ontribuliunsl 11.17i
South Ameriean Mission Soeiety (Ireland) Notes to financial statements for the year ended 31 December 2024 12. Investments The IruslLes piirchiis¢d £hIl.OI units in th¥ coir Lharities I'ls1}eA{ fund vn 8 April )014. £40.aoo units on ?u tJcr¢ll)IKr"Ol 8 and allL)Iher L30.111)O Luiilb on 3rd j4¢ 2021. "I h¢ i'alur ofr ih()se Llliits toialled £19?.91 £ nn J l DLiember ?{1)41 iU)3-. £188.fyi31. Land and buildings frtehDld 13. Tangible fixed assets- Buildings for use b"v charity TDt#l Lost or valuation Ai l JapLtdrN" ?0?4 RevaluJtioip i ?o.(xTro Ai )1 DL¢emr 2024 120.0110 i ?a.on[I Nct book %'8lue Ai 311)eLen]r ?073 'nie pmperl) Iv05 retra]U in ?0? I follciwing diScilonS M'ith the Ind¢ndent ¢¥amiutt.-lThe voiu41ion was agreed . th¢ TntSi¢Y$ al thi General Coun¥il ffl¥¥ting held an 70th Mas. ?0?4. Tallgible fixed assets- Computer equipment During 2021 replacement l-l. ewiipment ivas purehttsed &t L Lost tst £• QJ7. The e11pmen{ is ex[Cted to have a lif¢ Dl-#t I¢t ihTeL I"edf4. A depr¢iialion iharge 17f £165 mad¢ flir ?lJ241211?3.. £978}. The NLI book %'iiluv u1- the ¢oinput¢r ¢qiiipmtrnl at ) l Lk¢¢Jt]b¢r 20)4 Iv85 £Nil 110)).. £1051. 14. Debtors 2024 Debturs arid pr¢paymeni8 15. Creditors". amounts fglling due witbin one year 2U24 ALcrual.% wid JeFerred inLoEnt 16. .4ual)$is of net assets beth'een funds I'n¥¢stricted Rosirirted rund5 fund5 funds Fund balanLLS w 31 DELYiiiber ?0?4 iYpres¢nle¢J bl.: Ini'È%tTnen15 ld-fangIb1e Itxed sel$ Currenl 15 Curreni liabilities jl?415 34.80? 14.31HI 344.693 179.495 14oU4 4_).413 J44.697 688.10(i
South American Missiou SoLiet)' (Ireland) Notes to fjnancial statements for the year ended 31 December 2024 17. Restrifted funds .4t l JaDuary' 2024 At 31 Dteember 2024 IDeom¥4g Outgoing reyotrrcts resources Transfers Restricted Funds 2)&551 188.218 182.7J8} 344.693 Purposes of restricted fuuds The resiriLt¥d funds thL VLW-end Lonsist i)f H l)iiniber i)1- separaÉe indi%'idual '(1jeCts and bc wial>sed as fulluM's'.- Par2guas'_ Si ilndrciv s ATkn¥XC WMI Sciyjol ParagLiai,. Conce10n P1¢ rayLia _ ESranZa Pdragud% ParaDiia Mission Paraoua), Pard¥l141 Bak.erlCusti11dI1k11KiPrQjeCts Paragua). _ Dioces¢lpr()jei1s N ..ir¥eniiiia- IAuid riBliisl(illrdenlDiocese projects N ATg¢ntino- Cha¢i> Lhurch Trust pr(iiL"cts Chile- DivLeselPrdibTrain¥ng leam projeLÈs Bolivid. Bwil. Pern. IlrLiyisa!' Other projects 9.7()4 l i.9( 91.469 2.017 16'.60? 18.80 i& LlaresTiCted funds Incoing ()ut%oin% re50urees resourtt5 Ini. 31 Dc¢ember l-rhnfc 2024 2V24 ljnrestricted iLndesign4ited Flux15 D¢sioii¢llLiI funds 94.712 6.Ir27 12,4?71 ?y2.95J 49.810 J56.185 97.787 1114.1591 3.C)O(I j4 j.417 Purpu5¢5 of UDre51rirted Cunils designated 'Ihe designdled lunds. & lh¥ )'tur*nd consist of a fei¥ separate indi¥idirdl projects aRal)'sed a5 tolloii"R- %uppiTrrl lor t¢ople 121 mission 46.R64 Pr()j¢ct. TO'FAL
South American Mission Society (Ireland) l%otes to financial statements for the year ended 31 December 2U24 19. Appr1 IifAccountS These accounts ivere appri?¥'ed bi ihL. Board and atEthcirised foi issue 24th Jiine ?O?S. 20. Trustee Remunf ration The iiusie¢s did 1101 r¢¢¢i¥¥. did ih¢N ii"aii'¢. a]ii' tRUnerli0 dvTing th¢ wrtetLI linaniial i'cJr. 120?i £nill. 21. In(Icpendeni Examiners RemuDeratiu Th¥ indipLnclcnl LyiRInL[. Dal)" I'drk & CDmpthnY. Lid. rLc¥ivLd ath ind¥pkndLnt Lxaminatiott fcL ol'£1260 snclu5ii'e ol'Tral l-tsr Ilk'ir profL%SlnJ)21 wtsrk i?1123 - £120111.