COMPANY REGISTRATION NUMBER: N1614721
CHARITY REGISTRATION NUMBER: NIC104734
North West Methodist Mission
Company Limited by Guarantee
Financial Statements
31 December 2022
DONALDSON & THOMPSON
Chartered Accountants & statutory auditor
3 Limavady Road
Londonderry
BT47 6JU

North West Methodist Mission
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2022
Page
Trustees, annual report (incorporating the director's report)
Independent auditor's report to the memb8rs
Statement of financial activities (including income and
expenditure account)
Statement of financial position
13
14
Statement of cash flows
15
Notes to the financial statements
16

North West Methodist Mission
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Dlrector's Report)
Year ended 31 December 2022
The Irust6es, who are also th8 directors for the purpos&s of company law, present their r8POrt and Ihe
flnancial statements of th8 charity for the year ended 31 December 2022.
Refornnce and admlnlstratlv8 detalls
Reglstered charlty name
North West Methodist Misslon
Charlty reglstratlon number
NIC104734
Company reglstratlon numb8r N1614721
Prlnclpal offlce and roglstered 36 Cloon8y Terrace
offlce
Londonderry
BT47 6AR
The trustee8
Mrs J Doherty
Mr J Glbson
Ms M Hamilton
Ms T R Hegarty
Mr M Johnston
Dr W P Leeson
Mr J G Lusby
Miss J Mccandless
Rev Dr S F Skuce
Mrs H Wray
Mlss J Given
Mrs M Young
(R8sign8d 31 D8C8mber 20221
(Roslgned 31 Decomber 20221
Mlsslon Dlreclor
Liam Mllllgan
Audltor
Donaldson & Thompson
Charterod Accounlants & statutory auditor
3 Llmavady Road
Londondery
BT47 6JU
Bankers
Ulster Bank Ltd
29 Clooney Terrace
Waterside
Londonderry
BT47 6AS
Sollcltors
Babingtons Sollcltc)rs
9 Limavady Road
Londonderry
BT47 6JU

North West Methodist Mission
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Dlrector's Report) (oontlnued)
Year ended 31 December 2022
structure, govérnance and manag8ment
North West Methodist Mission is part of the Methodlst Church in Ireland and is a charltable company
limited by guarantee, incorporated on 1st Oclober 2012, acceptod as a charity by HM Revenue &
Customs under referance XT39218 and registered with th6 Charity Commission for Northern Ireland on
8th February 2017 under charity number NIC104734. The company was astablished under a
Memorandum of Association which states the objects and powers of the charitable company and is
governed under its Articles of of Association. In the event of the company being wound up, members
are required to contribute an amount not exceeding £1.
North West Mothodist Mission is a providerofsupporting People servic8s, as accredited bythe Northern
Ireland Housing Executlve.
Governance
During the year Ihe Mlsslon Board mel quarterly. The Board membershlp as a whole was approved by
the Melhodlst Conference in Ireland. The Board continues to monitor its membership. A skills audit of
the Board rnembershlp has taken place and is reviewed on a regular basis. A Reglster of Interests for
Board Members has also been compilad. Doclaralion of int8r8Sts is a standing Itam on all of the agendas
for Board me8tings. The Board has devised a Confllcts of Interests Pollcy as well as financlal polici8S
and procedures.
The Board provides training on various issuas including recruitment and seleclion, appraisal, etc. Board
members must always act in the best Intorests of NWMM and as such are covered by qualifying for third
Party indemnity provlsion, whlch has been in place throughout the pasl yoar and will remaln in place.
Policies ar8 reviewed and updated on a circulatory basis and also in response to legislative changes,
whllo new pollcles and procedures are devised as required. In line wllh new requirements the Board wlll
review its Safgguarding of Vulnerable Adults and Childrgn Policy on an annual basis. The Board has
devolved some of its powers to thg Executive Board, which meets when n8c8ssary.

North West Methodist Mission
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnu•d)
Year ended 31 December 2022
structure, governanco and management {oontlnuod)
Primary Purposes
Mission
The purpose of NWMM is to demonstrate faith in action by responding affectively to the needs of people
in the North West and enable them lo achieve their potential
Vision
The vision of NWMM is of a soclgty enrlched by a commltmant to promote social lustlce In all aspects
of Ilfe
Values
Social lustlce
A commitment to the principles of equality, solidarity and human rights that re¢ognises the dignity of
every human balng
Empowerment
Supportlng the development of Indlvlduals and communltSes to take more responslblllty for, and control
of, thelr own lives
Compassion
Llvlng our fallh In action through s&lftess conc8rn for others
Incluslon & DSverslly
A commitment to a welcoming hospitality that treats everyone with dignity 8nd respect, celebrates
dlverslty, and en8bles the marglnalized to fe81 they belong
R8sponsiven8SS
Respond effectlvely to the changlng needs and asplratlons of the local communlty
Inlegrity
Belng open and tr8nsparent In all our actlvltles - dolng what we say and saylng what we mean
Risk manag8ment
During 2022 the Mlsslon Board and Senlor Management consldered the major rlsks thal the charily
faces through its strategic planning proc855. This eiiables compliance with relgvant regulations and
leglslation. Tho Mission Board has devised a Rlsk Register, and thls is revlewed at each of our meetlngs.
A Fixed Assets list has been compl6t0d.
In respect of financlal rlsk, the Board recelves regular flnancial reports with systems and controls in
plac& to mitigate significant financial risks. Flnance policies are r8viewed and updated. During these
uncertain economic condltSons, we contlnue to revlew our business rfsks. The current external
onvironment continues to have a significant impact post pandemic.
We contlnue to maintaln posltive relations wlth our clients, funders and stakeholders.

North West Methodist Mission
Company Limited by Guarantee
Trustees. Annual Report (Incorporatlng the Director's Report) (contlnuodj
Year ended 31 December 2022
ObJ8ctlv8s and activltles
Prlmary Objectives
North West Methodist Mission has within its Strategic Plan 2020 - 2025 eight core objectlV8S'.
Homelessness
To respond effectively lo homelessness in the North-west.
Community
To respond affectivel to the n8ads of the local community in the North-west. Collaboration
To ensure that NW
collaborates effectively with other churches and organisatlons In achieving its
mission.
Communlcatlons
To ensure 8ffective communication with NWMM internal and 8xt8rnal stakeholders
Finance
To ènsure that NWMM has the financlal r8sources It requir8S to achleve its plans and thase rasources
are effectlvely and efflclently managed,
Human Resources
To ensure that NWMM has the staff and volunteers that It needs lo achleve Its plans and these
volunt88rs and staff arg effectively utillzgd, valued, supported and managed.
Premises and Physlcal Resources
To ensure that NWMM has the premises and other physical r8sourc8S It requlr8S to achi8V8 its alms
8nd prlorltles efflclently and effectlvely and thes6 resources are well managed and malntalned.
Governance
To onsure thal the governance 8nd structure of NWMM are fll for purpose and comply wlth th8
requiremenls of the law and best practice.
Publlc Beneflt
The Trust8&s have consid8red relevant Gharity legislation, which sets out the requirements for charities
to demonstrate their aims and activities are for public benefit. The Trustees confirm that they have had
regard to the Charlty Commisslon for Northern Ireland guidance on publlc benefit.
Homeless
The direct benefit flowing from our purposes include r8duced numbers of men experiencing
homelessness. The support ofclients In our service to overcome the causes that lead to them becoming
homeless in Ihe first place, enabling them to integral8 back into the community and sustain tenancies.
This reduces the pressure on other statutory seNices a5 8 result of harm reduction interventions whilst
in our service. The wider community benefits due to a reduction in rough sleeping and anti social
bohaviour. Sociely benefits as clients acquire skills and become able to live independently and seek
training andlor employment.

North West Methodist Mission
Company Llmited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnu8dJ
Year ended 31 December 2022
ObJ8Ctives and actlvities (¢ontlnu8d)
The Mission has been fortunate Ihat there have been no major Covid outbreaks impactlng servlGe
delivery however, there hava been soma instances of recorded positlV8 cases. These resulted in
periods of occupancy voids due to isolation requir8ments however Supporting People have provided
funding support in respect of lost income. Supporting Peop16 Covid claims have also covered additional
costs incurred and tolal around £342. There has bèen no major impact on income or expenditure as a
result of Covid. On Ihis basis. the Trustees are satisfied that there are adequate resources available to
continue operating for the foreseeable future.
As w8 progros$8d through the year there was a significant easlng of restriction and by the end of 2022,
most restrictions have been Ilfted. We havg continued to support blended working over the perlod for
relevant staff.
Booklngs at our Clooney Centre remaln slow to return to pre pandemlc levels and thSs is belng kept
under revlew.
On Ihls basls. th8 Trustees are satlsfled that there are adequate resources avallable lo contlnue
operatlng for the foreseeable futur8.
stratoglc report
The followlng sections for achievements and performance and financial revlew form the 5trat8gic report
of the charity.
Achl8vernents and performance
Our homeloss services contlnue to b8 delivored lo Fligh standards with the emphasis on person centred
support.
Clarendon Shelter has been successfully Integrated into the Mlssions structure and ethos whllst
retainlng its unique Identity and caring approach to h81ping wom8n and children experiancing
homelessness.
Considerable preparation had b88n completed ahead of mergerto ensure the harmonlsation of systems
and approaches and this has resulted in a relatively seamless transitlon for both Clarendon and the
Misslon ben&filing both service users and staff alike.
The delivery of services is against a backdrop of inc'reasing demand and challenging economic and
flnancial circumstances, driven in large part by Ihe cost-of-living crisis.
Thls has resulted In challenges to control costs and maximlse revenue. As well as the expected cost
increases, such as utilities, we have seen a sharp rise in bad debts from non-payment of services
charggs and rent. Glven the vulnerable nature of tlie cllonts we serve It Is unlikely this situatlon wlll
Improve and thls issue is being highlighted with our funders and key stakeholders.
The Mission held an Awareness Event in December to reflect on tho work over the year and provide
greater awareness on homolessness issues lo religious, civic, business and community leaders in the
clty which was very well attended.

North West Methodist Mission
Company Limlted by Guarantee
Trustees. Annual Report (Incorporating the Director's R8POrt) (conllnuod)
Year ended 31 December 2022
Achl8v8ments and p8rformanc8 (contlnued)
Men's Hostel Key Performance Indl¢ators
Referrals
Admissions
Move On
utilisation
Occupancy
900
85
98
Clarendon Sheller Key Performance Indlcators
Referrals
Admisslons
Move On
Utilisation
Occupan¢y
139
44
42
94,55010
Flnanclal r8vlew
Review of activities 2022
The Statement of Flnanclal Actlvltles for the year ended 31 December 2022 Is set out on page 13 of th8
Financial Statements. The company returned a d8ficil for the year of £71,758 after other recognlsad
galns and losses.
Income generated from the company's actlvltles was £1,646,113 (2021
£1,704,714) of which 630/0 was grants from the Nl Housing Ex8CUtiva and the Western Health Social
Care Trust. Supportlng People provSded addltlonal fundlng support durlng Ihe year vla the Covld 19
emèrgency Funding in respect of lost incom8 and additional costs incurred to maintain staff and rosidenl
safety- clalms for the year totalled £342. Support servlces are regulated and funded by the Supporting
Peopl8 policy and funding framework, which is administered by th& Northern Ireland Housing Executive.
The Mission Board share collective responslbility and ar8 committed to good stewardship of funds
receiv8d, a high standard of servic8 provision and a prudent reserves policy. Tha aims and obj8CtIV8S
for 2022 included continuing enhancement of quality services, including staff restrucluring, greater
partlcipatlon of residents, the strengthenlng of resettlement services, actlvely supportlng residents to
"move- on" and to sustain more independent tenancies and the development of management
informatlon reportlng systems. The Mlsslon Board Is pleased to roport that slgnlflcanl progress has been
made to meet the alms and objectives durlng 2022. A budget income and expendllure account
including the above objectives is is prepared at the start of each flnancial year and Ihe 2022 objectives
were largely met desplte the threat from Covid-19.
The NWMM Board considers it prudent to hold funds in resgrv8 in case unforeseen circumslan¢8s
should lead to financial difficulties, which might put the future of its employment capacity, residents,
wellbeing, genèral mission work and property in jeopardy. Reserves may be defined as restricted or
unreslricted. Restricted reserves relate lo surpluses accumulated as a result of a blnding restriction by
the donor over the use of the income donated. Unrestricted reserves relate to surpluses accumulated
from all othor sources of income and will be applied to general purposes within Ihe company at the
discretion of the Board. Deslgnated reserves refer to thal Portlon of unreslrlcted reserves whl¢h the
Board has allocated for 8 specific purpose.
The Board considers 100 /0 of annual operating costs lo be adequate reserves. Accumulated reserves
as at 31 December 2022 were £1,520,91912021- £.1,592.677) of which £771,242 (2020 £687,064)
wero designated funds and £69.356 (2021- £60,196) were restricted funds.

North West Methodist Mission
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnu8dJ
Year ended 31 December 2022
Plans for future perlods
Contlnue to provide hlgh quality temporary accommodatlon and support to homeless men Includlng
harm reduction support through our Men's Hostel.
Continue to provide refuge and temporary accommodalion to women fleeing domestic abuse,
homeless single women and children via our Clarendon Shelter services.
Continue to work in partnership and build sustainability.
Explore and research longer-term accommodation solutions for our service users.
Re-establish other services such as the Drop-in Centre. Parenl & Toddler Group, Luncheon Club when
it is saf& to do so.
Further develop Clooney Centre as a community resource
Further develop and communicate the work oflhe Five Missions Forum
Continue to develop and deliver our homelessn855 aducation and awareness programme to schools
and community organisations withln Ihe region
Continue to invest in lh8 skills and d8v&lopment of our Trustees, staff and volunteers through
appropriate Irainlng and development opportunltles b()th on and off the lob
Continue to ensure quality standards are underslood and met across the organisation
Ensure our core values and clients are at the centre of all we do
At the time of wrltlng this report we recognise the continued cost of Ilvlng challenges, the Impact of the
absence of stormont.and the posslblllty of fundlng cuts given Ihe recent budget announcement. Thls
wlll have an Impact on our ablllty to dellver on fulur8 plans and the management of r15k In the comlng
year.
Tru8toes' re8pon8lbllltles 8tatemont
The trustees, who are also directors for the purposes of company18w, aro responsibl& for preparing the
trustees, report and the financial statements in accordanGe with applicable law and United Kingdom
Accountlng Standards (Unlled Klngdom Generally Accepted Accounting Practlcel.
Company law requires the charity trustees to prepare financial statements for each year which glve a
true and falr vlew of the state of affalrs of the charltable company and the Incomlng resources and
application of resources, including the income and expenditure, for that period.
In preparlng theso flnanc181 statements, the trustees are requlr8d to:
select suitable accounting policles and then apply them consistently.,
observe the methods and principles In thè applicable Charit18s SORP.,
make judgments and accounting estimates that are reasonable and prudent.,
stale whgther applicable UK Accounting Standards have been followed, sublect to any material
departures disclosed and explained In th8 financial statements;
prepare the financial statements on the going concern b851s unless It is inappropriale lo presume
that the charity will continue in business.

North West Methodist Mission
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnuod)
Year ended 31 December 2022
The trust88s are responsible for keeping adequate accounting records that ara sufficient to show and
explaln the charity's transactions and disclose with reasonable accuracy at any time the flnancial
position of the charity and anable them lo ensure that the financial stalements comply with the
Companles Act 2006. They are also responsible for safeguardlng the assets of the charity and hence
for taking reasonable steps for Ihe preventlon and detectlon of fraud and other irregularllles.
Atsdltor
Each of thè parsons who is a trustee at the date of approval of this r8POrt confirms that:
so far as they are aware, th&r8 is no relevant audit information of whlch the charity'5 audltor Is
unaware; and
they have taken all steps that they ought to have taken as a trustee to mak8 themselves aware of
any relevant audit information and to establish that the charity's auditor is aware of that information.
The auditor 15 deemed to have been re-appointed in accordance with section 487 of the Companles Act
2006.
The Irustees, annual report and the strateglc report were approved on 18 May 2023 and slgned on
behalf of the board of trustees by..
J Doherty
Trustee

North West Methodist Mission
Company Limited by Guarantee
Independent Auditor's Report to the Members of North West Methodlst Mission
Year ended 31 December 2022
Oplnlon
We have audited the financial statements of North West Methodist Mlsslon (the 'charity'l for the year
ended 31 December 2022 which comprise the st8temont of financial activities (including income and
expenditure account), stalemant of financial position, statement of cash flows and the related notes.
including a summary of significant accounling policies. The financial reporting framework that has been
applied in their proparation is applicable law and United Kingdom Accounting Standards, including FRS
102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial stat8ments'.
give a true and fair view of the state of the charity's affairs as at 31 December 2022 and of ils
Incomlng resources and applicatlon of resources, includlng its income and expendlture, for the
year thon ended;
have been properly prepared in accordance wlth United Klngdom Generally Accepted Accounting
Practlce.,
hav8 been prepared in accordance wlth the requlrem6nts of the Companies Act 2006.
Basls for oplnlon
We conducted our audlt in accordance wllh International Standards on Audiling (UK} (ISAS {UK)) and
applicable law. Our responslbllltles under those standards 8re further descrlbed In the auditorfs
responsibilities for the audit of the financlal statements sectlon of our report. We are independent of the
charlty In accordance wlth the elhlcal requirements that are relevant to our audit of the flnanclal
statements in th8 UK, including tho FRL'S Ethical Standard, and the provisions available for small
enti118s, in the circumstances sel out in note 28 to the firiancial statements, and wo have fulfilled our
other ethlcal responslbllltles In accordance wlth these requlrements. We belleve that the audit evldence
we have obtained is suffl¢lent and approprlat8 to provide a basls for our opinlon.
Concluslon8 relatlng to golng concern
In auditing the financial statem8nts, we have concluded that the trust8GS' use of the golng concern basis
of accoLtntlng In the preparatlon of the flnanclal statements Is appropriate.
Based on the work we have performed, we have not Identlflod any materlal uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubl on the charity's ability to
continue as a going concern for a period of at least iwelve months from when the flnancial statements
are authorlsed for issue.
Our responslbllltles and the r8sponsibilities of the trustee5 Wlth respect to going concem are described
in the relevant sections of this report.

North West Methodist Mission
Company Limited by Guarantee
Independent Auditor's Report to the Members of North West Methodist Mission
(contlnuèd)
Year ended 31 December 2022
oth8r Infomiatlon
The other information comprises the information in¢luded in the annual report, other than the financial
stratements and our audltor's roport thereon. The trustees are responsible for the other information. Our
opinion on the financial statements does not cover the other information and, ex¢6pt to the extent
otherwise explicitly stated in our report. we do not express any form of assurance conclusion Ihereon.
In connoction with our audit of the financial statements, our responsiblllty is to read the other information
and, In doing so. conslder whether the other informatlon is materlally inconsistent wlth the financial
statements or our knowledge obtainod in the audit or otherwise appears to be materially misstated. If
we identlfy such materlal Inconsistencies or apparent material misstatements, we are requlred to
datermine whether there is a material misstatement in th8 financial statements or a material
misstatement ofthe other Information. If, based on the work we have perfomed, we conclude that there
is a matarial misstatemant of this other Information, wa are required to report that fact.
We have nothing to report in this regard.
Oplnlon8 on other matters prescrlbed by the Companles Act 2006
In our opSnlon, based on th6 work undertakon In the course of the audlt..
the Informatlon glven In the trustees, report for the flnanclal year for whlch the financial statements
are pr8par8d is cons1$16nt with the financial statements; and
the trustees, report has been prepared In accordance wlth appllcable legal requlrements,
Matter8 on whlch we are requlred to report by excapllon
In the Ilght of the knowledge and undgrstandlng of Ihe charlty and Its envlronment obtalngd In the course
of the audlt, we have not identifi8d material mlsslatements in Ihe Irustees, report.
We have nothing to report In respect of th8 following matters In relation to whlch the Companies Act
2006 requlres us to report to you If, In our oplnlon:
adequate accounting records have not been kept, or returns adaquate for our audit have not been
received from branches not visited by us., or
the flnanclal statements are not In agreement wlth the accountlng records and returns., or
cèrtain disclosures of trustees, remuneration specifled by law are not made; or
W8 have not r8ceived all the information and explanations we r8quir8 for our audit.
10

North West Methodist Mission
Company Limited by Guarantee
Independent Auditor's Report to the Members of North West Methodist Mission
(¢ontlnued)
Year ended 31 December 2022
Rosponslbllltles of trustees
As explained more fully in the trustees, responsibilities statement, the trustees {who are also the
dlrectors for the purposes of company law} are responslble for the preparatlon of the financlal statements
and for being satisfied that they giv6 a true and fair view, and for such internal control as the trustees
determlne Is necessary to enable the preparation of financlal statements that are free from materlal
misstatement, whethgr due to fraud or error.
In preparlng the financlal statements, the trustees are responslble for assesslng the charity's ablllty to
continue as a going concern, disclosing, as applicabl8. matters related to going concern and using Ih@
going concern basis of accountlng unless the trustees either Intend to Ilquidale the charlty or to cease
operations, or have no r6alistic alternative but to do so.
Audltor's responslbllltles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whath8r the financlal statements as a whole
are free from material mlsstatement, whether due to fraud or error, and to issue an audltor's report that
includes our opinion. Reasonabla assuranc8 is a high level of assuranco, but is not a guarantee that an
audlt conducted In accordance with ISAS (UK) will always detect a materlal mlsstatement when it exlsts.
Mlsslatements can arise from fraud or arror and are considered m8terlal if, individually or In the
aggregate, thoy could reasonably be expected to Influence the economio declslons of users taken on
the basis of those financial slataments.
Irregularltles, Includlng fraud, are Instances of non-compllance wlth laws and regulations. We design
proc8dures in line with our responslbllities, outlined above, to delect malerial misstatem8nts in respect
of Irregularltles, Including fraud. The extent to whlch our procedures are capable of delectlng
irregularitS8s, including fraud is detailed below.,
Because of the Inherent Ilmllatlons of an audlt, there Is 8 rlsk that we wlll not detect all Irregularltles,
Including those leading to a material misstatement In the financial statements or non-complianc& wlth
regulatlon. Thls risk Increases the more that compllance wlth a law or regulatlon 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-complianGe. The risk is also greater regarding Irregularlties occurrlng due to fraud
rather than error. as fraud Involves Inlentlonal concealm8nt, forgery, colluslon, omlsslon or
misr@presentation.
As part of an audit in accordance wlth ISAS (UKI, we exercise professlonal judgment and maintaln
profession81 sceptlcism throughout the audit. We also..
Identlfy and assess the risks of material misstatement of the financlal slatements, whether due to
fraud or error, design and perform audil procedures responsive to those risks, and oblain audit
evidencg that is sufficient and appropriate to provlde a basis for our oplnlon. The risk of not
detocting a matarial misstatement resulting from fraud is high@r than for one resulling from error,
as fraud may involve collusion, forgery, intentional omissions, misreprasentations, or the override
of internal control.
Obtain an understanding of internal control relevant lo the audit in order to design audit procedures
that are appropriate in the clrcumstances, but not for the purpose of expressing an oplnlon on tho
effectiveness of the inlernal control.
Evaluate the appropriateness of accounting policies used and Ihe reasonableness of accounting
estimates and related disclosures made by the trustees.
11

North West Methodist Mission
Company Limited by Guarantee
Independent Auditor's Report to the Members of North West Methodist Mission
(contlnued)
Year ended 31 December 2022
Conclude on the appropriateness of the trustaes, use of th8 going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the charity's ability lo continue as a going concern.
If we conclude that a material uncertainly exists, we are requlred to draw attentlon in our auditor's
report to the related disclosures in the financial statements or, if such disclosures are inadequat6,
to modify our oplnlon. Our concluslons are based on the audlt evldence obtained up to the date of
our auditor's report. However, future events or conditions may cause the charity lo cease to
continue as a going concern.
Evaluate the overall presentation, structure and Gontent of the financial statements, including the
disclosures, and whether th8 financial statement8 represent th6 underlying transactions and ev8nts
In a manner that achleves fair presenlatlon.
We communicate with thos& charged with govomance regarding, among other matters, th8 planned
scope and timing of the audlt and signlflcant audlt flndlngs, includlng any significant deficiencies In
internal control that we Identify during our audit.
Use of our report
Thi5 report is made so161y to the charity's members, as a body, in accordance wlth Chapter 3 of Part 16
of the Companles Act 2006. Our audlt work has been undertaken so that we mlght state to the charSty's
members those matters wa are required lo state to them in an auditor's report and for no olher purpose.
To the fullest extent pemiltted by law, we do not accept or assume rèsponslblllty to anyone other than
th6 charity and th8 charity's m8mb8rs as a body, for our audit work, for thls report, or for the opinlons
we have formed.
Alistalr Sterrilt (Senlor Statutory Auditor)
For and on bahalf of
Donaldson & Thompson
Chartered Accountants & statutory audltor
3 Llmavady Road
Londonderry
BT47 6JU
18 May 2023
12

North West Methodist Mission
Company Limited by Guarantee
Statement of Financial Activitles
{including income and expenditure account)
Year ended 31 December 2022
2022
Restricted
funds Total funds
2021
Unrestrlcted
funds
Total funds
Note
Income and ondowments
Donations and legacles
Charitable activities
Other tradlng activities
Investment income
Other income
70,329
657,170
6,338
6,230
1,696
904,350
72,025
1.561,520
6,338
6,230
65,733
1,283,031
11,257
2,219
342,474
Total Income
740,067
906,046
1,646,113
1,704,714
Expendlture
Expendlture on ralslng funds..
Costs of other trading activit16S
Expendlture on charltable actlvltles
Total expendlture
10
11,12
50
601,094
50
1,591,010
1,591,060
989,916
1,330,758
601,144
989,916
1.330,758
Net Income
138,923
(83,870)
55,053
373,956
Transfers between funds
(93,0301
93,030
Othar recognl8ed galn8 and losse8
Losses from revaluation of fixed assets
(126,811)
(80,918)
(126.8111
(71,7581
(24,129)
349,827
Net movement In funds
9.160
Reconclllatlon ol funds
Total funds brought foNard
Total funds carrled foThvard
1,532,481
1,451,563
60,196
1,592,677
1,520,919
1,242,850
1,592,677
69,356
The statement of financial aclSvities includes all gains and loss&s recognised in th8 year.
All incom8 and expendlture derive from continuing activitles.
The notes on pages 16 to 28 form part of these flninclal statements.
13

North West Methodist Mission
Company Limited by Guarantee
statement of Flnancial Posltlon
31 December 2022
2022
2021
Note
Fixed assots
Tangible fixed assets
17
14,945
11,212
Current ass8ts
Debtors
Investments
Cash at bank and in hand
18
19
57,352
656,998
956,090
53,584
703,809
992,888
1.750,281
1,670,440
Crodltors.. amounts falllng due wlthln one year
Nat current assets
21
164,466
168,816
1,505,974
1,520,919
1,520,919
1,581,465
1,592,677
1,592,677
Total as8Ot8 le85 current Ilabllltle8
Nat as88t8
Funds of the charlty
Restricted funds
Unrestrlcted funds..
Revaluatlon reserve
other unrestricted income funds
69,356
60,196
126,602
1,405,879
1,532,481
1,451,563
1,461,563
Total unrestrlcled funds
Total charlty funds
23
1,520,919
1.592,677
These flnanclBI statements were approved by the board of trustees and authorSsed for Issue on 18 May
2023, and are signed on behalf of th6 board by,.
- W-JbWy • JL
rs J Doherty
Trustee
Rev Dr S F Skuce
Trustee
The noto8 on pages 16 to 28 fomi part of these flnan¢lal statements.
14

North West Methodist Mission
Company Llmited by Guarantee
Statement of Cash Flows
Year ended 31 December 2022
2022
2021
Not•
Cash flows from operatlng actlvltles
Net income
55,053
373,956
Adjustments for."
Depreciation of tangible fixed assels
Divldends, interest and rents from investments
Accrued income
6,761
(6,2301
(69,986)
10,181
(2,219)
14,4051
Changes in..
Trade and other debtors
Trade and other creditor5
15,661
45,777
2,756
26,423
Cash generated from operations
Nel cash from operating activities
47,036
47,036
406,692
406,692
Cash flow8 from Investlng actlvltles
Dividends, interest and rents from investmen18
Purchase of tangible assets
Purchases of other investments
6,230
{10,494)
(80,000)
(84,264)
2,219
(13,281)
Net cash used In investing aclivltles
(11,042}
N8t (d8crease)Ilncr8a8e In cash and cash equlvalents
Cash and cash 9qulvalonts at bgglnnlng of year
Cash and cash equlvalenls at end of yaar
(37,228>
992,782
955,554
395,650
597,132
992,782
20
Thé notes on pages 16 to 28 form part of these flnanclal statement8.
15

North West Methodist Mission
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2022
G8n8ral Informatlon
The charity is a publlc benefit entity and a private company Ilmited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the regi5ter8d office
is 36 Clooney Terrace, Londonderry, BT47 6AR.
statement of Compllanca
These financlal statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable In the UK and the Republic of Ir8land', the Statem8nt of
Recommended Practlce applicable to charlties preparing thoir accounts In accordance with the
Financial Reporting Standard applicablo in th8 UK and R8public of Ireland IFRS 102) (Charities
SORP (FRS 102)) and the Companles Act 2006.
Accountlng pollcles
Basls of preparatlon
The financial statements have beon prepared on the historical cost basls, as modified by the
revaluatlon of certaln flnancial assets and Ilabilltles and Investment propertles measured at falr
value through income or expendilure.
The flnanclal statements are pr8pared In sterllng, whlch Is the functlonal currency of the entity.
Golng concern
There are no m8tgrf8l uncertalntles about the charlty's ablllty to contlnue.
Judgements and key sources of estlmatlon un¢ertalnty
The preparatlon of the financlal statements requlres management to make Judgements, estimates
and assumptions that affect the amounts reported. Thes8 estimates and judgements are
conllnually revlewed and are based on experience and other factors, Includlng expectations of
future events that are believed to be reasonable under the circumstances.
Fund accountlng
Unrestricted funds are available for use at the discretlon of the trustees to further any of the
charlty's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future prolect or
commitment.
Restrictod funds are subjected to restrictions on their expenditur8 declared by the donor or through
the terms of an appeal, and fall Into one oftwo sub-classes.. restricted income funds or endowment
funds.
16

North West Methodist Mission
Company Limited by Guarantee
Notes to the Financial Statements (conllnuedj
Year ended 31 December 2022
Accountlng pollcles (¢ontlnu8d)
Incomlng resources
All Incoming resourc85 ar8 included in the statoment of financial activities when 8ntitlamanl has
passed to the charity., it is probable that the economic benefits associated with the Iransaction will
flow to the charity and the amounl can be reliably measured. The following specific policies are
applied to particular categories of income:
income from donatlons or grants Is recognised whon there Is evidence of entitlement to the
gift, receipt is probable and its amount can b8 measured reliably.
legacy Income is recognised when receipt is probab16 and entitlement Is 8Stab1ished.
Income from donated goods is measured al the falr value of the goods unless thls Is
impractical lo measure reliably, in which case the valuo is derived from the cost to the donor
or the estlmated resale value. Donated facllltles and seNlces are recognised in the accounts
when received if the valuo can be reliably measured. No amounts are included for the
contribution of general volunteers.
Income from contracts for th8 supply of servlces Is recognlsed wlth the dellvery of the
contracted seNlce. This is classified as unrestricted funds unless there is a Contractual
requirement for il to be spent on a particular purpose and returned if unspent, in which cas&
it may be regarded as restricted.
Resources expended
Expendlturo is recognised on an accruals basi5 as a Ilability is incurred. Expenditure includes any
VAT which canriot be fully recovered, and 1$ classlfled under headlngs of the statement of flnanclal
activities to which it relates:
expenditure on raising funds includes tho costs of all fundralsing aclivities, events, non-
charltabl8 trading actlvltles, and the sale of donated goods.
expenditure on charitable activiti85 includes all costs incurred by a charity in undertaking
activities that further its charitable alms for the beneflt of ils beneficiaries, including thos8
support costs and costs r91ating to the governance of the charity apportioned lo charitable
activities.
other expenditure Includes all expenditure that Is neither related to ralslng funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expendllure categorles reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contrlbute to on a reason8ble, lustlfiable and conslstent basls.
Tangible assets
Tanglble assets are inltially recorded at cost, and subsequently stated at ¢ost18ss any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded
at the falr value at the date of revaluation less any subsequent accumulated depreclation and
sub$8qU@nt accumulated impairmont losses.
17

North West Methodist Mission
Company Limited by Guarantee
Notes to the Financlal Statements (contlnuod)
Year ended 31 December 2022
Accountlng pollcl8s {contlnu•d)
Tanglble a88ets {contlnuedJ
An increase in the carrying amount of an asset as a result of a rgvaluation, is recognised in other
recognised gains and losses, unless il reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, Is racognised in other recognised gains and losses,
except to whlch It offsets any prevlous revaluatlon galn, in which case th8 loss Is shown wlthln
other recognI5ed galns and losses on the statement of flnancial actlvllles.
Deproclatlon
Depreciatlon Is calculated so as to wrlte off the cost or valuation of an assot, less its resldual value.
over the useful 8conomic life of that asset as follows..
Fixtures & fittlngs
Motor V8hicles
Equlpment
25 % straight line
33010 Straight line
20910 slralght line
Impalmient of flxod a888ts
A revlew for Indlcalors of Impalrment Is carrled out al each reportlng date, wlth the recoverable
amount being estimated wher8 such indicators exlst, Wher8 Ihe carrying value exceeds the
recoverable amount, the 8ssel Is impaired accordlngly. Prlor Impalrments are also revlewed for
possible reversal at oach reporting dat8.
For the purposes of impairment testing, when il is not possible to estimate the recoverable amount
of an indlvidual asset, an estimate is mad8 of Ihe recoverable amount of the cash-g8neraling unil
to whSch the asset belongs. The cash-generatlng unit Is the smallest Idenllflable group of assets
that includes the assel and genèrates cash inflows that largely ind8p8ndent of the cash inflow8
from other assels or groups of assets.
For impairment testing of goodwill, the goodwlll acquired in a business combinatlon Ss. from the
acquisition date, allocated to each of the cash-generating unlls that are expected to benefit from
the synergies of th8 comblnatlon, Irrespective of whether other assets or Ilabilities of the charity
are assignod to those units.
Flnanclal Instruments
A financial asset or a financlal Ilablllty is recognlsed only when Ihe charlty becomes a party to the
contractual provisions of the instrument.
Baslc flnancial in5trumenls are initially recognlsed at the amount receivable or payable Includlng
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected lo be paid or received and not discounled.
Debt Instruments are subsequently measured at amortised cost.
18

North West Methodist Mission
Company Limited by Guarantee
Notes to the Financial Statements (contlnuod)
Year ended 31 December 2022
Accountlng pollclès (contlnuod)
Flnanclal Instruments fcontlnu•d)
Wh8re investments in shares are publicly traded or their fair value can olherwiso be measured
reliably, Ihe investment is subsequently measured at falr valLte with changes in fair value
recognis8d in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instrum8nts, including derlvatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal buslness temis or financed at a rate of interest
that is not a market rate, in which case the assot is measurgd at the present value of the future
payments dlscounted at a market rate of Interest for a slmllar debt instrument.
other financial instruments are subsequently measured at fair value, with any changes recognised
In the statement of flnancial actlvltles, with the exceptlon of hedglng Instruments In a designated
hedging relationship.
Flnanclal assets that are measurad at cost or amortlsed cost are revlewed for oblecllve evldence
of impairm8nt at the end of each reporting dat8. If there is objoclive evid8ncG of impairment, an
Impaimient105s is recognis8d under the appropriate heading in the statement of flnanclal actlviti8S
in which the Initial gain was r8cognis8d.
For all equlty Instruments regardless of slgnlflcance, and other flnancl81 assets that are Sndlvldually
significant, these ar8 assessed indlvidudlly for impairment. other financial assets are esther
assessed Indlvldually or grouped on the basls of slmllar credlt rlsk characteristlcs.
Any reversals of impairmenl are racognised imm8diately, to the ext8nt that the r8v8rsal does not
result In a carrylng amount of the flnanclal asset that exceèds what the carrylng amount would
have been had the impairment not previously been recognised.
Deflned contrlbutlon plans
Contributions to defined contribution plans are recognl$6d as an expense in the period in which
the related servic8 Is provided. Prepald contribullons are recognised as an asset to the extenl that
the prepayment wlll lead to a reduction in future payments or a cash refund.
When contribullons are not expected to be settled wholly wlthln 12 months of the end of the
reporting date in whioh Ihe employees rander the related sorvice, the liability is measured on
dlscounted present value basis. The unwinding of the dlscount is recognlsed as an expense In the
period in whlch it arises.
Llmlted by guarantee
North West Melhodist Mission is a company limited by guarantee and accordingly does not hav8
a share capital.
Every momber of th8 company undertakes to contribute such amount as may be required not
exceeding £1 to the assets of the charitable company in the event of Its being wound up while he
or she is a member. or within one year after ha or she ceases lo be a member.
19

North West Methodist Mission
Company LimSted by Guarantee
Notes to the Financial Statements (¢ontlnu8d)
Year ended 31 December 2022
Donatlons and legacles
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donations
Clooney church donations- restrlcted
Clooney church donations- unrestricted
Other donations
1,696
1,696
50,402
19.927
50,402
19,927
Legacles
Clooney church legacles
70,329
1,696
72,025
Unrestricted
Funds
Restricted Total Funds
Funds
2021
Donatlons
Clooney church donallons- restrlcted
Clooney church donalions- unrestricted
other donations
777
777
51,148
13,708
51,148
13,708
Legaclo8
Clooney church legacles
100
100
64,956
777
65,733
Charltable actlvltle8
Unrestricted
Funds
Rostricted Total Funds
Funds
2022
Grant incom8- Supporting People
Grant income- W.H.S.C.T.
Hostel accommodation & personal charges
Room hlre & related Income
Facilities rental
Project & actlvltles income
884,504
884,504
84,893
488,665
32,092
11,000
60,366
1,561,520
84,893
488,665
32,092
11,000
40,520
657,170
19,846
904,350
Unrgstricled
Funds
Restricted Total Funds
Funds
2021
Grant Income- Supportlng People
Grant inGoma - W.H.S.C.T.
Host61 accommodation & personal charges
Room hire & related income
Facilities rental
Project & activitSes income
838.191
838,191
80,916
310,336
19,945
11,000
22,643
80,916
310,336
19,945
11,000
8,545
14,099
430.742
852,290
1.283,031
20

North West Methodist Mission
Company Limited by Guarantee
Notes to the Financlal Statements (conllnu8dJ
Year ended 31 December 2022
Charltable actlvltles (contlnu•d)
Included within Grant Income - Supporting people for the year ended 31st December 2022 are the
following grants..
Provider Investment Fund
Covid 19 Emorgency Fund
£9,629
£6,424
other tradlng actlvltle8
Unrestricted Total Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Fundralslng events
Provision of support Services
2,412
3,926
2,412
3,926
6,338
2,317
8,940
2,317
8,940
6,338
11,257
11,257
Investment Incom8
Unrestrlct8d Total Fund8 UnrestrSct8d Total Funds
Funds
2022
Funds
2021
Income from Ilsted Investments
Incom8 from cash investments
4,254
1,976
8,230
4,254
1,976
6,230
1,902
317
1,902
317
2,219
2,219
Other Income
Unrestrlcted
Funds
Restrlcted Total Funds
Funds
2022
Othar exceptional Income
Unrestricted
Funds
Restricted Total Funds
Funds
2021
Other exceptional income
278,509
65,965
342,474
10. Costs of other tradlng actlvltles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2022
Funds
2021
Fundraising costs - church
50
50
21

North West Methodist Mission
Company Limited by Guarantee
Notes to the Financlal Statements (contlnued)
Year ended 31 December 2022
11. Expendlture on charltable actlvltl83 by fund typo
Unrestrlcted
Funds
Restrfcted Total Funds
Funds
2022
Clooney Church
Clooney Hall activities
General charitable
Clooney Church
Homeless Servi¢8S
Support costs
1,696
1,696
58,916
81,765
32,901
1,311,783
103,949
1,591,010
58,916
81,765
32.901
368,541
58,971
601,094
943,244
44,976
989,916
Unrestricted
Funds
Restricted Total Funds
Funds
2021
Clooney Church
Clooney Hall actlvltles
General charitahle
Clooney Church
Homeless Sarvices
Support costs
777
777
39,251
34,231
20,150
1,111,171
125,178
39,251
34,231
20,150
218,148
67,527
893,019
57,656
951,452
379,307
1,330,758
12. Expendlturn on charltable actlvltles by acllvlty type
Actlvitles
undertaken
dlrectly
Support Total funds
costs
2022
Total fund
2021
Clooney Church
Clooney Hall activit185
General charltable
Clooney Church
Homeless Servlces
Governance costs
1,696
58,916
81,765
32,901
1,311,783
1,696
59,011
83,637
75,493
1,359,290
11,883
1,591,010
777
39,251
34,666
70,785
1,159,357
25,922
95
1,872
42,592
47,507
11,883
1,487,061
103,949
1,330,758
13. Analysls of support costs
Support
costs
Total 2022 Total 2021
Finance costs
Governance costs
Other Support costs
1,152
11,883
90,914
103,949
1,152
11,883
90,914
1,330
25,923
97,925
103,949
125,178
22

North West Methodist Mission
Company Limlted by Guarantee
Notes to the Financial Statements (¢ontlnu•d)
Year ended 31 December 2022
14. Net Income
Net Income is stated after chargingl{credltlngl'.
2022
2021
Depreciation of tangibla fixed assets
Fees payable for the audit of the financial statements
6,761
9,130
10,181
9,140
15. Staff costs
The total staff costs and employee b6n8fits for tha reporting p8riod are analysad as follows..
2022
2021
Wages and salaries
Social security costs
Employer contrlbutlons to penslon plans
948,082
76,812
24,111
1,049,005
808,029
47,575
17,693
873,297
Th& average head count of employees during the y8ar was 45 {2021: 451. The average number of
full-tlme equSvalent employees durlng the year Is analysed as follows..
2022
2021
No.
Number of staff
45
45
No employee received employ88 b8nofils of more than £60,000 durlng the year (2021: NII),
Key Management Personnel
Key management personnel include all persons that have aulhorlty and responsibility for planning,
dlrectlng and controlllng the actlvltles of the charity. The total compens8tlon pald to key
management personn81 for services provided to the charily was £187,40112021.'£177,4711.
16. Trustee r8muneratlon and expenses
No exponses, remuneration or other benellts from employment with th8 charity or a related entity
were received by the trustees.
23

North West Methodist Mission
Company Limlted by Guarantee
Notes to the Flnancial Statements (¢ontlnu8dJ
Year ended 31 December 2022
17. Tanglble flxed assets
Fixtures and
fittings
Molor
vehi¢1gs
Equipment
Total
Cost
At 1 January 2022
Additions
87,504
20,125
23,507
10,494
34,001
131,136
10,494
141,630
At 31 December 2022
87,504
20,125
D8preclatlon
At 1 January 2022
Charge for the year
At 31 December 2022
77,071
5,804
82,875
20,125
22,728
957
119,924
6,761
126,685
20,125
23,685
Carrylng amount
At 31 Decembèr 2022
4,629
10,316
14,945
At 31 December 2021
10,433
779
11,212
18. Debtorn
2022
2021
Trade debtors
Prepayments and accrued Income
Other debtors
9,639
43,163
4,550
57,352
6,659
24,455
22,470
53,584
19. Investments
2022
2021
Llsted Investments
Unlisted investments
41,649
615,349
28,985
674,824
656,998
703,809
20. Cash and cash equlvalents
Cash and cash equivalents comprise tho following..
2022
2021
Cash at bank and in hand
Bank overdrafts
956,090
(536)
955,554
992,888
(106)
992,782
24

North West Methodist Mission
Company Limited by Guarantee
Notes to the Financial Statements (contlnu•d)
Year ended 31 December 2022
21. Credltors: amount8 falllng du8 wlthin on8 year
2022
2021
Bank loans and overdrafts
Trade creditors
Accruals And deferred in¢om8
Soclal security and other taxes
Other creditors
Other creditors
536
40,468
26,359
31,040
48,742
17,321
106
10,676
76,916
21,656
42,799
16,663
164,466
168,816
22. Penslons and other post retlrement beneflt8
Deflned contrlbutlon plans
The amount recognised in income or expenditur8 as an expense in relation to defined contribution
plans was £24,111 (2021.. £17,693).
25

North West Methodist Mission
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlrtu•dJ
Year ended 31 December 2022
23. Analysls of charftable funds
Unrestrlcted fund8
At
Gains and 31 Dec 202
Ioss8S
At
1 Jan 2022
Income Exp8ndltur8
Transfers
General funds
Revaluation
res8rv8
Designated fund -
Clooney Church
Deslgnated fund -
Homeless
services
718,815
85,915
{124,200)
{209}
680,321
126,602
209
(126,8111
130.717
68,434
(75,543)
123,608
556,347
585,718
740,067
(401,4011 193,0301
(601,1441 193,0301 1126,8111 1,451,563
647,634
1,532,481
At
Gains and 31 Dec 202
losses
At
1 Jan 2021
Income Expendlture
Transfers
General funds
Revaluation
reserve
Designated fund -
Clooney Church
Designated fund -
Homeless
Bervlces
658,011
126,683
{65,879)
718,815
150,731
(24,129)
126,602
146,224
55,508
(71,015)
130,717
287,884
1,242,850
603,492
1242,413) (92,6161
(379,307) (92,616) {24,129) 1,532,481
556,347
785,683
26

North West Methodist Mission
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnued)
Year ended 31 December 2022
23. Analy8ls of charltable funds (contlnuod)
Restrlcled funds
At
Gains and 31 Doc 202
losses
At
1 Jan 2022
Income Expenditure
Transfars
Restrlcted Fund -
Clooney Church
Restricted Fund
Homeless
S8lWIC8S
1.696
(1,6961
60,196
904,350
1988,220)
1989,916)
93,030
69,356
69,356
60,196
906,046
93,030
At
Galns and 31 Dec 202
losse5
At
1 Jan 2021
Incom8 Expenditure
Transfers
Restrfcted Fund -
Clooney Church
Restricted Fund -
Homele88
services
777
(777)
918,255
919,032
(950,675)
(951,452)
92,616
60,196
60,196
92,616
24. Analysls of net assets between funds
Unrestricted
Funds
Restrlcted Total Funds
Funds
2022
Tangible fixed 8$5ets
Investments
Current assets
Creditors less than 1 year
Net a8SOt8
14,945
656,998
944,086
(164,466)
1,451,563
14,945
656,998
1,013,442
(164,466)
1,520,919
69.356
69,356
Unrestricted
Funds
Restrfcted Total Funds
Funds
2021
Tangible fixed assets
Investments
Current assets
Creditors less Ihan 1 year
Net assets
11.212
703,809
969,552
(152,092)
1.532.481
11,212
703,809
76,920
1,046,472
(16,724) (168,816)
60,196
1.592,677
27

North West Methodist Mission
Company Limlted by Guarantee
Notes to the Financial Statements (¢ontlnu•d)
Year ended 31 December 2022
25. Flnanclal Instruments
The carying amount for each category of flnancial instrument is as follows:
2022
2021
Flnanclal assets that are debt Instrumonts measured at amortlsed Cost
Financial assets that are debt instruments measured at amortised
cost
1,610,513
1,703,356
Flnanclal liabilities measured at amortlsed cost
Financial liabllitles measured at amortlsed cost
40,992
10,782
26. Analysls of changes In net debt
At
At
1 Jan 2022 Cash flows 31 D8c 2022
Cash at bank and In hand
Bank overdrafls
Current assel Investments
992,888
1106)
703,809
(36,798)
(4301
146,8111
(84,0391 1,612,552
956,090
{536}
656,998
1,696,591
27. Related partles
Durlng the year the charlty entered Into the followlng Iransacllons wlth related partles..
Balance owed byl{owod
to)
Transactlon value
2022
2021
2022
2021
Payment in resp8cl of church
assessmenl contrlbutlons
Payment in respect of pastoral support
Receipts In respect of admlnlstration
expenses rècharged
42.313
21,730
50,436
30,180
11,918)
(2,333)
38
480
As detalled above, durlng the year North West Methodist Mlsslon made payments lo and recelved
amounts from the Londonderry, Inishowen, Limavady and Strabane Mission Circuit, an
organisation which is also governed by the Methodist Church in Ireland and which has some
officials who are also directors of North West Methodist Misslon.
North Wesl Methodlst Mission is under tha direction of the Methodist Church in Ireland. During the
year the Methodist Church in Ireland continued to Invest funds wilh Epworth Investment
Management on behalf of the company. At the year end these funds were valued al £615,349
(2021.. £674,824).
28. Ethlcal Standards
In common with many other charities of our size and nature we use our auditors to assist with the
preparation of the financial statements.
28