Charlty regislratlon number NIC105515 Company registration number N1038083 (Northern Ireland) FRONTIERS IRELAND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FRONTIERS IRELAND LEGALAND ADMINISTRATIVE INFORMATION Directors Mr H Mccomiick Miss R Baxter MrDWBest Dr S A Rodgers Secretary Mr R McKay Charlty number NIC105515 Company number N1038083 Prlnclpal address 1st Floor 623 Lisburn Road Belfast BT9 7GT Roglstered office 1st Floor 623 Lisbum Road Belfast BT9 7GT Independent examlner GMCG LISBURN Century House 40 Crescent Business Park Lisburn BT28 2GN Bankers Bank of Ireland 364 Lisburn Road Belfast BT9 6GL Soll¢ltors Maccorkell Legal & Commercial Garvey Studios 8-10 Longstone Street Lisbum Co Antrim BT28 1TP
FRONTIERS IRELAND CONTENTS Page Dlrectors. report Independent examinerfs report Statement of financial activities Statement of financial position Notes to Ihe financial statements 10-20
FRONTIERS IRELAND DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The direclors present Iheir annual report and financial statements for Ihe year ended 31 March 2023. Th8 financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and 'Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparSng thair accounts in accordanc6 with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" {effeclive 1 January 2019). Objectlvos and activities The charity's oblect are the advancement of the Christian faith. The directors have paid due regard to guidance issued by the Charity Commission In deciding what activities the charity should undertake. Achlovements and performan¢o In the fulfilment of our charilable purpose, the advancement of the Christian Faith, we se8k with love and respect to invite 811 Muslim peoples to follow Jesus. prioritlsing those pÈoplp.s. places and citiès with least access lo the Gospel. This is done through church planting teams who live locally using théir professional skills lo demonstrate and share the love and compassion of Jesus in word and deed, through Ih8ir lives together, learning the local languag8 and culture. We continue to have a family serving in SE Africa, who are involved in church planting and engaging in a number of humanitarian projects. The team were able to publish two more composile books of Scripture, adding the books of Matthew, Luke, John, Acts. Romans. 1 & 2 Corinthians and Hebrews in volumes, to their collection of printed Scripture. Th8y had th8 joy of baptising a local believer, who came to faith partly by listening to an audlo-bib18 provided by the t8am. The Sending Base Director and his wife were able to visit the family in Juty 2022, a trip postponed from the first Easter of Covid. It gave a valuable insighl into the levels of poverty in the area and also was a great encouragement to the team there. Bible study groups ar8 continuing separately with rnen and women in several different groups. During the year, the women's bible study group began, which has been a great encouragement. The couple had to return to Nl during th8 autumn for corrective surgery on a broken arm. following the husband's motorbiko accidont. The original surgery done In a neighbouring country, was inadequate. In partnershlp with th8 team there, we completed a 30 day prayer guide for the people group among whlch th8y seNe. This will be used for an international focus of prayer during July 2023. We again saw a further glft from The Henderson Charilable Trust of £62.500 for several initiatives: funding for more boreholes in SE Africa.. further funding for the midwifery centre of lh6 team in N. Africa. funding for mobillsatlon and for the mission guesthouse In Groomsport. Through funding from the TBF & KL Thompson Trusl we were able to help revise the Mom8ntum Yes course in order to amend and angliclse th6 American online misslons mobilising course. The full version of this course in now available to Ihe public. Personal funding also came from the Lynas Charitable trust and the Belmore Trust. The Open House Trust also contributed to our work again this year. as did the Ardbarron Trust. which has partnered wilh us for over 20 years.
FRONTIERS IRELAND DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The soclal media campaign in North Africa continues to bear fruit. Fortnightly. 20,000 peopl8 watch a new clip of 8 video on th8 life of Jesus. A local responder contSnues to do follow up with those who show and interèst in learning more and he meets up with those who are keen to leam more face to face. The family in North Africa also had the joy of seeing new team members from France join their team Ihls year to move to a new lown. where there has not been a Christian witnoss before in living memory. The family will slay part of the team for 2 years, before splicing off and recruiting their own team. The midwifery clinic in Norlh Africa continues to see hvndreds of women each month, trealing them with kindness and compassion in the name of Jesus. Prayèr continues to be the bedrock of our ministry. Regular daity staff prayer. as well as quarlerly days of prayer are part of our prayer rhythm. Our prayer groups in Belfast, Coleraine, Lisbum and Lurgan continue to meet regu18rly. The Belfast and Lurgan groups are meeting on Zoom, with the Coleraine and Lisburn groups meeting in person. We held a celebration of the Pray for Zero initialive at the T3 Conference Centre at the House of VlcRyn. 86 peoplg. groups have become adopted and there are 77 people groups that became engaged with a church planting team and there are reports of 11 more engagements. still lo be confimied by the partnership of agencies who keep the official slalistics. We used this event to pay tribute to Robert 'Robin' Watson. a founding Board member who passed away on 4th July 2022, still active as a Board member up to a couple of weeks before his death. We give thanks to God for his life and ministry to many organisations, including Frontiers Ireland. We also acknowledged the service of Hugh Mccomick who this year stepped aside as Chairman. a ro18 he has had slnce our formation in 2000. Wo are grateful to God for the service of bolh of these men and the support and encouragement given by their wives too. We welcomed David Best into his new role as Chairman. At the celebration. we also launched the follow on from Pray for Zero. which is Pray for Thirty. The vision of this is lo pray for thirty churches to send out thirty workers in the next three years. The main thrust of this is mobilisation, prayer and Iraining. We are asking churches to commit to pray for three years using three prayer guid85 and to consider sending out one worker at the end of the three years. The first of the three prayer guides is on 30 occupalions, the second is on 30 priority cities. as highlighted by our Field Leadership Teams and the third is on 30 Unengaged People Groups. Our commitmeni to the churches Is to provlde training on areas Such as Waiting Dn GDd. Entertaining th Stranger, Islam, Dlscovery Bible Studies. Momentum Yes and Kairos. Thi5 year again we have been the coordinaior in Nl for the 30 Days of Prayer, which encourages Christians lo pray for Muslims across the world during the month of Ramadan. We had 30 partner churchés and misslon organisalions involved this year with over 1200 prayer guides purchased and distributed. We continue to play an aclive part in the Mission Action Partnership (MAP), a group of mission agencies seeking to work together lo resource the church for global and local mission. We regularly attend the quarterly ger)eral meetings which are a good opportunity to network with others in the mission community and also lo pray and encourage one another, as well as share resources. A new initiative developed this year is the quarterly Global Disciples programme which has been a partnership with AWM, SIM. Latin Link and OMF. It is designed for young adults to help gather together in a larger number, rather than doing smaller events individually. It has been a real encouragement to be able lo work logether as agencies, but also to do more together than we could have done otherwise by ourselves. for the benefit of those who come along.
FRONTIERS IRELAND DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 This year w& have also continued to play an active part in the Irish Mission Agencies Partnership (IMAPI. Our director has served for a second year as one of the Exec members of IMAP. Thls helps develop our reach into Ireland and also gives a good insight into some of the challenges. needs and opportunities within the island of Ireland. One of our staff parlicipated in an online event during the year. We have consolidated our links with th8 Elim network in Ireland over the year. We also invited their leader to speak at on& of the IMAP quarterly members, meetings and his presentation was very much appreciated. We had a very strong presence at Bangor Worldwide Missionary Convention and we used hospitality as a theme, which brought a lot of attention and interest in our main focus. which was the Pray for ThSrty material. We were thus able lo introduce Ihe new initiative to a wide audience including lo several people from Irish churches. A new couple of workers who were approved late last year were able to visit North Africa and meet up with a leam leader. Unfortunately, duè to unforeseen circumslances. they will not be able to join this team, so the search for a new team contlnues. We are delighted to hav8 recruited a new single femal6 Worker to SeTr in the Gulf. She will be working alongside an established team. which has a focus on prayer. She is the first person to be sent out as part of Pray for Thity. WB ran a shortened Candidate School for her, given that she had completed a YWAM Discipleship Training School in th& region recently. She will serve from Septsmber 2022 untll June 2023. We provided the financial administration for a major internalional prayer event. held in Europe before Easler. The director was able to travel to participate in this muttinational and multF-agency prayer event. At the end of the year in March 5-10, we were able to host the Field Leadership Team Gathering (FLTG), an annual event for 38 of our international organisation's senior field leaders. It was a real privilege lo be able lo host this group at the Castlewellan Christian Conference Centre. providing them with our famous hospitality and 8 lour of St Patrick's heritage around the Downpalrid( area. We continue to speak regularly in churches to promote our work and mlnistry. Flnanclal revlew The results are set out in detall on pages 8 to 19. The company retumed net incoming resources for the year of £7,265 (2022 £13,415} unrestricted funds of £227,520 (2022 £235,760) and restricted funds of £56,39812022 £40,893). The unrestricted funds are required to provide sufficient funds to cover any unforseen costs which may arise and fulfill legal obligations of the charity in the event that current levels of income are not maintained. It is the policy of the charity to tnaintain sufflclent unr6stricted reserves as are conslstent with the ongoing financlal réquirements of the charity. The directors has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place lo mitigate exposure to the major risks.
FRONTIERS IRELAND DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Plan5 for the future W8 plan lo provide training with each of the Pray for Thity churches over the next 12 months. We plan to continue to offer th8 Momentumyes course. which has been revised. The Director and his wife will visit our new workers for a pastoral visit in the Gulf at Easter 2023. We plan to send a prayer team to the Gulf region in June 2023 and also possibly on& later in the year. Supporting churches will pray duting the month of July 2023 for a people group in SE Africa. We 11 again provide financial administration for the intemational prayer event In 2024. The Irish couple hope to move to Norlh Africa in early 2024 The leam in SE Africa plan lo (Jrill 4-5 boreholes and acquire 100 more audiothbibles. The one day a week seoondment for one of our staff lo th• Bangor Woddwido Missionary Convention will com8 lo a close at the end of July 2023, after 5 years. The Director met with the secretary of the event and It was agreed that the secondment had been very valuable for bolh parties. We aim to recruit two or three new Board members. Structure, governance and management The charity is a company limiled by guarantee incorporated on 8 March 2000 and registered with Ihe Inland Rev8nue on the same date. Th8 charitable company is govemed by its Memorandum and Articles of Association. The company is not for profit and limited by guarantee, the liability of the members is limited to £1. The organisalion is governed by its Board of Directors who meet iegularly. The directors who served during the year and up to the date of signature of the financial slatements were: Mr H Mccormick Miss R 8axter MrDWBest Dr S A Rodgers Mr R Watson (D8c8ased 4 July 2022) New directors ar8 appoinled by the members of the charity at the annual general meeting. All directors are required to partlCiP8te in training relating to good gov8mance and directors are regularly updated on legislation Ihal impacts upon Ihe running of a charitable organisation e.g. recent changes in legislation introduced by the Charities Commission and the GDPR. The Board of Directors oversees the work of Ihe Sending Base Director. who In turn is responsible for the volunteers. The Sending Base Director is nol a director under Company Law. Frontlers Ireland is affiliated to the Frontiers network worldwide.
FRONTIERS IRELAND DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Key Management Personnel Romuneratlon The Board consider the board of directors and the chief executiv8 as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All board members give their time freely and no board remuneration was paid in the year. Board members ar8 required lo disclose all relevant conflicts of interest and register them at each monthly board meeting and in accordance with the Trust's policy. withdraw from decisions wh8re a conflict of interest arises. This report has b8en prepared in accordance with the provisions applicable to companies entltled lo the small compani85 exemplions. The directors, r8POrt was approved by the Board of Directors. MrDWBest Director Dr S A Rodgers DSrector Dat8d'. Dated.. 11-?-£S
FRONTIERS IRELAND INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF FRONTIERS IRELAND We report to the directors on our examination of the financial statements of Frontiers Ireland (the charity) for Ihe year ended 31 March 2023. Respeclivè responsibilities of trustees and oxamlner As the Iruslèes ol the charity (and also its directors for the purposes of company law) you are rèsponsible for the preparation of the financial statements in accordance wilh the requirements of the Companies Act 2006. Having satisfied ourselves Ihal the chariiy is not subject to audit under company law. and is eligible for independent 8xamination, it is our responsibility to: examine the accounts under section 65 of the Charikn"es Aci {Northem Ireland) 2006., follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65{9llb) of the Charities Act- and state whether particular rnatiers have come to our attention. Basis of Independent examlners, report We have 8xamined your charity accounts as required under sectlon 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)Ib) of the Charities Acl. The examination included a review of the accounting records kept by ihe charity and a comparison of the accounts presented with Ihose records. 11 also includes consideralion of any unusual items or disc5osures in the accounts, and seeking explanations from you as charily trustees concerning any such matters. Our role is lo state whether any material matters have come to our attention giving us cause to believe: Ihat accounting records were not kept in respect of the charity as requirèd by section 386 of the Companies Act 2006", that the financial statements do not accord wilh those records-. that Ihe accounts do not comply with the accounting requirements of section 396 of Ihe Companies Act 2006 and with the methods and principles of the Charities Statement of Recommènded Practice 8pplicable to charities preparing their accounts in accordanc8 wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland., that there is further information needed for a proper understanding of the accounts to be reached.
FRONTIERS IRELAND INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE DIRECTORS OF FRONTIERS IRELAND Independent examIneS Statement Since your charity's gross income exceeded £250,000 your examiner must b8 a member of a listed body. We can confirm that we are qualified to undertake the examination because we are a registered member of Chartered Accountants Ireland whlch is one of the listed bodies. We have ¢omplet8d our examination ar)d have no concems in respect of th8 matters {1) to (4) list8d above and, in connection with following the Directions of the Charity Commission for Northern Ireland, We have found no matters that require drawing to your attention. GMCG LISBURN Chartered Accountants Century House 40 Crescent Business Park Lisburn BT28 2GN Dated..
FRONTIERS IRELAND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unreslrlcted Restrfcted funds funds 2023 2023 Total Unrestrlcted Restrl¢ted funds funds 2022 2022 Total 2023 2022 Notes Income and endowments from: Donations and legacles Olh8r income 98,158 908 188.553 286,711 908 85,816 3,195 184,718 270,534 3,195 Total Income 99,066 188.553 287,619 89,011 184,718 273,729 enditure on: Charitable activities 106,757 173.597 280,354 77,733 182,406 260,139 Other 10 175 175 Total expendlture 106,757 173,597 280.354 77.908 182,406 260,314 Net loutgolng)lincomlng resources befor8 transfers {7,691) 14.956 7.265 11,103 2.312 13,415 Gross transfers between funds (549) 549 Net {expenditure)Iln¢ome for the yearl Net movement in funds (8,240) 15.505 7.265 11,103 2,312 13,415 Fund balance5 at 1 April 2022 235.760 40.893 276.653 224.657 38,581 263,238 Fund balances at 31 Mar¢h 2023 227.520 56,398 283,918 235.760 40.893 276,653 The stal8ment of financial activities includes all gains and losses recognised in th8 year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an incom8 and expendllure account under the Companies Act 2006.
FRONTIERS IRELAND STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023 2023 2022 Notes Flxed assets Tangible 8ssets Current assets Debtors Cash at bank and in hand 12 191,779 194,497 13 1.601 92.218 1.496 82,340 93,819 83,836 Credltors: amounts falling due wlthln one year 14 {1,680) (1,680) Net current assets 92.139 82,156 Total assets less current liabllltles 283,918 276,653 Income funds Restricted funds Unreslricled funds 15 56,398 227.520 40,893 235.760 283,918 276,653 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023. No members have required the company to oblain an audil of its financial statements for Ihfj year in question in accordance with section 476 of the Companies Act 2006. Th8 directors acknowledge their responsibilities for rA)mplying with the requirements of ihe Companies Act 2006 with respect to accounting records and the prepaiation of financial statements. These financial statements have been prepared in accordance with the provlsions applicable to companies subject to the small compani8s regime. The financial slatemenls were approved by the Directors on ........ and signed on their behalf by: MrDWBest Dlrector Dr S A Rodgers Dlrector Company Registratlon No. N1038083
FRONTIERS IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢counting policies Charlty informatlon Frontiers Ireland is a private company limited by guarantee incorporated in Northern Ireland. The registered office and place of business is 1 sl Floor. 623 Lisbum Road, Belfast, BT9 7GT. 1.1 Accounting conventlon The financial statements have been prepared in accordan with the charivs Memorandum and Articles of AssocialS0n, the Companies Act 2006 and 'Accounting and Reporting by Charities: Slat8m8nt of Recomm8nded Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Rapublic of Ireland (FRS 1021 (8ffective 1 January 2019)" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the prowsions in the SORP for charitles applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in steding, which is thè functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounling policies are set out below. 1.2 Going concern At the lime of approving the financial statements, the directors have a reasonable expectalion that the charity has adequate resources to conlinue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds ar8 available for use at the discretion of the directors in furtherance of their charitable objectives. Restricted funds are subject to specific condilions by donors as to how they may be used. The purpos8s and uses of the restrioted funds are set out in Ihe notes to the financial statements. 1.4 Incoming resources Incom8 is recognised when the charity is legally entitled to il after any performance conditions have be8n mat, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donalions are recognised once the charity has been notified of the donation. unless performance conditions require deferral of the amounl. Income lax recoverable in relation to donations received under Gifl Aid or deeds of covenant is recognised at the tim8 of the donation. Legacies are recognised on receipt or otheiSe if the charity has been notified of an impending dislribulion, the amount is known, and receipl is exp8Cted. If the amount is not known, Ihe legacy is treated 8s a contingent assel. Donatgd assets glven for use by the charity are recognised when recelvable. 10-
FRONTIERS IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcies {Contlnued) 1.5 Resources expended Expenditure is recognised once there is a legal or constructive oblig8tion to transfer economic benefil to 8 third party. il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expendllurè is classified by activity- The costs of each activity are made up of the total of direct costs and shared costs, includlng support costs involved in undertaking each activity. Dlr8ct costs attributable to a single activity are allocated direclly to that activity. shar costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consist8nt with the use of resources. Central staff costs are allocated on the basis of time spent, and d8preciation charges are allocated on the portion of the asset's use. All 6xpenditure is accounted for on an accruals basis and has been classified und8r headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties. it is probable Ihat the settlement will be required and the amount of th8 oblSgalion Gan be measured ieliably. It is categorlsed under one of the following headings.. Cosls of ralsing funds, Expenditure on charit8ble actlvities and Other expenditure. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Support costs are those that assist the Work of the charity but do not directly represent charit8ble activities and include office costs. govemance costs. depreciation costs and payroll costs. They are incurred directly in support ol expenditure on the objects of the charity and include project management carried out at the office. Office costs. depreciation costs, govemance costs and payroll costs are allocated to charitable activities bas&d on the percentagè share of restrlcted income for each charitable activity. Th8 allocation of the support costs is analysed in note 7 . 1.6 Tanglble fixed assets Tangible fixed assets are initially measured al cosl and subsequently measured at cost or valuation. nel of deprecialion and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings Flxtures and fittings Motor vehicles 2 /0 Straight line 20% Straight line 200A Reducing balance The gain or loss arising on the di$SaI of an asset is determined as Ihe differen betwe8n the sale proceeds and the carrying value of the asset, and is recognised in the slalement of financial activities. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposils held at call wilh banks, Other short-term liquid inveslmenls with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowlngs in current liabilitles. 11
FRONTIERS IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Contlnued} 1.8 Flnancial Instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Sactlon 12 'Oth8r Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in th6 tharivs balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offsel, with the net amounts presented in th8 financial statements, when there is a legally enforable right to set off Ihe recognised amounts and there is an intention to settle on a net basis or to realise the asset and setile the liability simultaneously. Bas1¢ flnanclal assets Basic financial assets, which include deblors and cash and bank balances, are Inltially measured at transaction price including transaction costs and are subsequenlly carried at amortlS8d cost uslng the 8ffeclive interest m8thod unless the. 8rr8ngem8nt constitutes a financing trans8Ction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc financlal Ilabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction Prtce unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a market rate of interest. Financial liabilitl8s classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective int8r8St rate method. Trade creditors are obligations to pay for goods or s6rvices that have been acquired in the ordinary course of operations from suppliers. Amounls payable are classified as current liabilities if payment is due within one year or less. If not, Ihey are presented as non-current liabilities. Trade credilors are recognised initially at Iransaclion pric8 and subsequenuy measured at amortised cost using the effective interest method. Derecognition of financlal Ilabllltles Financial liabilities are derecognised when th8 charity's contractual obligations expire or are discharged or cancelled. 1.9 Employeg benellts The cost of any unused holiday entitlement is r8cognSsed in the period in which the employee's services are received. Termlnallon benefits are recognised immediately as an expense when the charity is demonstrably commltted temiinate the employment of an employee or to provlde termination benefits. 1.10 Rollr•ment benefits Payments to defined conlribtjlion retirem8nt benefit schemes are charged as an expense as they fall due. 12-
FRONTIERS IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Crltlcal aecountlng estlmates and Judgements In the appllcatlon of the charity's accounting policies. the direclors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities Ihat ar8 not readily apparent from other sources. The estimates and associated assumptlons are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimatas and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting 8Stima18s are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both cuirenl and future periods. Key sources ol estlmation uncertalnty Flxed Assets The annual depreciation charge on fixed assels depends primarily on the estimated lives of each type of asset and estimates of residual values. The directors regulady review these assels Ilves and change them as necessary to rellect current thinking on remaining lives in light of prospectiv8 economic ulilisation and physical condition of the assets cOnmed. Changes in assets lives can have a significant impact on depreciation charges for the period. Detail of the useful lives is included in the accounting policies. Restricted and Unrestricted Funds Judgements are made in relation lo allocation of income and expendilure to restricted and unrestricted funds. The directors consider it appropriate lo allocate these funds based on interpretation of donations received. Donatlons and legacies Unrestrlcted Restricted funds funds Total Unrestricted funds Restrtcted funds Total 2023 2023 2023 2022 2022 2022 Donations and gifts 98,158 188.553 286.711 85,816 184.718 270,534 Donations and glfts Gen8ral donations Donations for missionaries Donallons for projects Sending Base Levy Tax reclaimed on Glft Aid donations 81,797 81.797 70,253 70,253 125,128 63.425 125,128 63,425 9.405 125.145 59,573 125.145 59,573 9,594 9,405 9.594 6.956 5.969 5,969 98,158 188.553 286.711 85,816 184,718 270,534 Donated goods and servl¢es During th8 previous year ther8 were Donations in-kind made in respect of professlonal indemnity insurance for the Board of Directors to the value of nil (2022 - £367). 13-
FRONTIERS IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Other Income Unrestricted Unrestrlcted funds funds 2023 2022 Tralning Book sales 1,905 1,290 908 908 3,195 Charllable a¢tlvltles Missionarles & pastoral care Staff appeals Project North Afrlca appeals projects Total 2023 Total 2022 2023 2023 2023 2023 staff costs Deprecialion and impairment Missionaries and pastoral care Prajecl costs Meeting and travel costs Missionary costs Books and publicalions Board expenses 32.820 19.828 7.567 3,869 64,084 58.333 5.507 5,507 4.307 128.669 128,669 40.971 7,020 10,369 2,561 736 129,696 39,020 796 6.411 184 367 26.135 14,836 7,020 10.369 2.561 736 187,682 19,828 33.702 18,705 259,917 239,114 Share of support costs {se8 nol8 7) 13,562 2,149 3,127 1,599 20,437 21,025 201.244 21.977 36,829 20,304 280,354 260,139 Analysi5 by fund Unreslricled funds Restricted funds 88,446 112.798 2,149 19,828 10.694 26.135 5.468 14,836 106,757 173,597 77,733 182,406 201,244 21.977 36,829 20,304 280,354 260,139 14-
FRONTIERS IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltable actlvllles (Contlnued) For the year ended 31 March 2022 Mlsslonaries & pastoral ¢are Staff appeals Project North Afrlca appeals projects Total 2022 Staff costs Depreciation and Impairment Missionaries and pastoral care Project costs Meeting and travel costs Missionary costs Books and publications Board expenses 28.126 4.307 129.696 21,694 4,893 3,620 58,333 4,307 129,696 39.020 796 6,411 184 367 23.102 15,918 796 6,411 184 367 169,887 21,694 27.995 19.538 239,114 Share of support costs (see note 7> 14.245 2.469 2,478 1,833 21,025 184,132 24,163 30,473 21,371 260,139 Analysls by fund Unrestricled funds Reslrlcted funds 62.440 121.692 2.469 21.694 7,371 23.102 5,453 15,918 77,733 182,406 184,132 24.163 30,473 21,371 260,139 Descrlpllon of charltable activltles Mlsslonaries & pasloral care Providing assSstance and pastoral care to our missionaries seTving in Ihe mission field. Staff appeals ProvSding support for the work of staff members. Project appeals To support the water boreholes project. North Africa projects Providing support for individual projects in North Africa. 15-
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FRONTIERS IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Dlroctors None of the directors (or any persons connecled wilh them) received any remuneralion or benefits from the ¢harily during the year. Employees Number of employees The average monthly number of employees during the year was.. 2023 Number 2022 Numbor Governan and administration Development Employment costs 2023 2022 Wages and salaries Social security costs Olher p8nsion costs 62,155 65 1,865 56,502 135 1,695 64,085 58,332 The charity considers it's key management personnel to comprise of th8 trustees, and the Sending Base director. The total employment benefits including employers pension contribution of Ihe key management peisonnel were £28,892 (2022 - £28.5641. There were no employees whose annual remuneration was £60.000 or more. 10 Other Tolal Unreslricled funds 2023 2022 Net loss on dlsposal of tangible fixed assets 175 175 11 Taxatlon The charlty is exempt from tax on income and gains falling wllhin section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Acl 1992 to the extent that these are applied to its charitable objects. 17-
FRONTIERS IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Tanglble flxed assets Frèèhold land Flxtures ond Motor vehicles and bulldlngs fittlngs Total Cost At 1 Aprfl 2022 Additions 210.000 7,751 2,790 3.810 221,561 2,790 At 31 March 2023 210.000 10.541 3,810 224,351 Deprecialion and impairment At 1 April 2022 D8pr8ciallon charged in the year 19,250 4.200 7.751 558 64 749 27.065 5,507 At 31 March 2023 23,450 8,309 813 32,572 Carrylng amount Al 31 March 2023 186.550 2,232 2.997 191,779 At 31 March 2022 190,750 3,747 194,497 13 Debtors 2023 2022 Amounts falllng due wlthln one year: Prepayments and accrued income 1,601 1,496 14 Credltors: amounts falling due withln one year 2023 2022 Accruals and deferred income 1,680 1,680 18-
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FRONTIERS IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 Analysis of nel assets between funds Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Rostrlcted funds funds 2022 2022 Total 2023 2022 Fund balances at 31 March 2023 are represented by= Tangible assets Current assetsl{liabilities) 191,779 35.741 191.779 92.139 194,497 41,263 194,497 82,156 56.398 40,893 227.520 56,398 283,918 235,760 40,893 276,653 17 Related party transactions There were no disdosable related paty transactions during th8 year (2022 - none). 20-