Charity reglstratlon number 105799
Company reglstration numbèr N1629985 {Northern Ireland>
PRECEPT MINISTRIES IRELAND LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

PRECEPT MINISTRIES IRELAND LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trusteos
Mr N Walls
M C Green (Chairperson)
Mrs P Jones
Mr S Broad {Board secretary)
Mr D Mcclurg
CharSty number
105799
Company number
N1629985
Princlpal address
Unit 9A
NCM House
218 York Street
Belfast
BT15 1GY
Registered offlce
Unit 9A
NCM House
218 York Street
Belfast
BT15 1GY
Independent examlner
GMCG Lisburn
Century House
40 Crescent Business Park
Lisbum
BT28 2GN
Bankors
Ulster Bank
37 High Street
Carrickfergus
8T38 7AN

PRECEPT MINISTRIES IRELAND LTD
CONTENTS
Page
Trustees, report
Independent examinerfs reporl
stat8ment of financial aclivities
statement of financial position
Notes lo the finanaal statements
9-15

PRECEPT MINISTRIES IRELAND LTD
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their annual report and financial statemenls for Ihe year ended 31 March 2023.
The finanu81 statements have been prepa￿d in accordance with the accounting policies set out in note 1 to the
financial slalemenls and comply wilh Ihe charity's Memorandum and Articles of Assoicalion, the Companles Act
2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 1021" leffeclive l January 2019).
Objectives and activities
Our Mlsslon and Vlslon
The mission of Precept Ministries International and Precept Ministries Ireland is. 'Engaging people in relationship
with God through knowing His Word" throughout the Island of Ireland. The vision is -Every believer in Christ living
out God's Word everyday..
The objects of the company are to advance the Christian religion. This is achieved through..
equipping people with Inductive Bible Study skills to help them to sludy and understand Ihe Bible for
themselves.
providing various levels of study resources and leader Iraining
making training and resources available lo all.
The Iruslees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the
Charity should undertake.
Achlovements and performance
Post Covid
The year 2022 12023 has seen a retum to more in-person gatherings and the shift away from online classes.
Over the year, there was a slow and gradual restart of some study groups meeting in person. However, meeting
onlino using Zoom was slill key to the life of the minislry as seek to engage wtth students over the whole island
of Ireland. The following inilialives which were commenced in response lo Ihe Covid situation have proved lo be
beneficial in unexpected ways and will continue to be a patt of our ministry plan=
We wrote and provided free online weekly Bible study resources wth permissions for Ihese to be passed
on and downloaded as required. These studies still attract around 200 downloads per month. We will continue lo
provide new studies al regular intervals throughout the y8ar.
Online Bible sludy groups called "Zoom into the Bible" have attracted people from all over th8 Island of
Ireland and have enabled those who do not have local dasses to engage in Precept Bible Studies. The diversity
within the groups has added a fresh dynamic to the discussions which is very positive.
We developed an intentional social media strategy to increase the reach of our ministry. and this continues
to be developed. and monito￿d for effectiveness and impact.
We developed a variety of online workshops to inlrcmluce people lo Inductive Bible Study Skills and, due to
low costs in providing these, we were able to offer these free of charge lo attendees. Thrge more workshops have
been develO￿d during the year 202212023, each focusing on a differenl biblical genre.

PRECEPT MINISTRIES IRELAND LTD
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1. Staff
During this year staff have returned lo normal pre<ovid pattems of work.
There have been no changes in i)ur Staff team although some of their roles and responsibililies have b8en adapled
lo th8 changing needs of the ministry.
In Oclober 2022 the Nattonal Director indicated she would be stepping down at 31st March 2023. The Board
commenced a recruitment process and a new National Director for the ministry has been appointed to ￿mMenCe in
post on 1 sl April 2023.
2. Leaders l Trainers
During the year 202212023. much of our foc#Js has been to support and encourage leaders.
The administration staff in Ihe officg are also trained Bible study leaders and are equipped lo advise and encourage
leaders who contact the office. These conversations have played a key role in making ￿aderS feel connected lo the
ministry and given them conlidence 8S to where lo find help and support.
We have delivered a number of Precepl leaders. events and Lead8r training to encourage those who wish to stsrt
ihelr own class.
A number of churches were also (y)ntacted and training gNen to their small group Bible study leadèrs.
We have also had the privilege of supporting a leader in a misston81 d)urch community in Belfast as they set up
some studies with members of the communty.
3. Blble Study Resources
The team has conlinued to write short studies that werè offered free of charge as downloadable documents.
and these were made available to churches to use during the times when they were unable to meei In the
church building.
These resources were used widely not only in Ireland. but we had reports of them being used in many countries
around the world including England. Scouand. Switzerland, China, Malaysia, New Zealand and America. The
number of people that have been reached is unknown, but il is exciting and encA)uraging lo see that, despile the
restricllons of this past year. we have been able to reach a much wider audience. We receive much
encouragement to continue to produce these studies and one of our adminislralion team has been increasingly
involved in producing these studies for reguLqr distribution.
Print Nl in Mallusk continue to print many of our resources on demand arKI the remainder of our studies are sent
from Precept in the USA. Due to increased printing and carriage charges. we are conlinually reviewing costs on
these materials. It has been necessary lo review our prieing and increase the cost of books as well as postage.
As the situation in Ukraine deteriorated and refugees started to arrive in Ireland. we were able lo print suitable
resources in bolh Ukrainian and Russian. and we have been offering these sludy books free of charge, thanks lo
the generous giving of many of our students. This is one of the benefits of being part of a global ministry.

PRECEPT MINISTRIES IRELAND LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
4. Soclal Media
Precept Ireland have a presence on Facebwk, Instagram and Twitter wtth an average of 8 posts per week. Over
the year engagemenl has increased on all plalfofms.
Precept Ireland also has a channel on YouTube. and some leaders have been using the videos posted there to help
them as they lead their classes.
5. Tralnlng
During Ihis year we have continued lo teach four basic workshops:
i. Short taster workshop lasting 3040 minutes based on Psalm 23.,
ii. Inlroduclion to Inductive Study- 1 hour workshop based on Psalm 1;
iii. Bible skills workshop- 2 hour Workshop based on Psalm 95..
Iv. How lo study 40 Minute BitrAe Study sertes.
These four workshops have been offered free and through them new contacts have been made throughout Ihis past
year.
Three new half day workshops have been added lo this list during this past year. They a￿ intended to equip
attendees with basic skills lo study a var￿ty of Biblical genre.
i. How to study the Psalms.
ii. How to study a New Testament ktter.
iii. How to study Old Testament PTophecy.
We have a team of trainers who are equipped to deliver each of these workshops.
This year saw the launch of the Precepl Leader A¢ademy UK. Working in partnership wilh our UK office. we plan
to run 6 x 4 day sessions over 3 years. and each session will equip attendees lo use and lead one of our Precept
resources. The first 4-day session was in November 2022 and we studied the 40 Minute study series. The nexl
seSS￿n is in Aprll 2023 when we will be training in the use of the children's reSoU￿s- Discover4Yourself.
6. New Inltlatlves
During the past year Precept Ireland has conlinLFed to devebp several new iniliatives as we conkn'nue to fulfil our
mission of helping people to engage with God through studying his word.
Precept Equip Sludents -11 has been our desire lo equip and train the next generation of leaders (aged 16-
24) and wilh this in mind we launched PES in March 2022. 11 was formatted as a three one day course based
on Ihe life of J8SUS, teaching on the theme of disapleship while introducing students lo inductive study skills.
We were encouraged to have 12 students sign up for the first seSs￿n in June 2022, and after the last session.
we evaluated the course and are in process ol reviewing the malerials and refomialting them into a weekend
course.
li. Agency Partnerships Thls year we had the prrvilege of being involved in New Horizon and the Bangor
Worldwide Mission convention, as part of their mission agency exhibitions. This offered us many opportunities
for making new contacts. as well as renewing oid (x)ntacts from the pasl.

PRECEPT MINISTRIES IRELAND LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The benefit that the charity provides cxn be demonslraled in the following statistics for the 2022- 2023 year:
The average number of Bible Study students {Not Incl.JulylAug) 646
Number of Students March 2023 781
The average number of classes 55
Numbor of classes March 2023 55
The number of Biblo study leaders active 94
These statislics demonslrale an increase in th8 average number of students studying with us during this year. 8nd
continues lo grow toward pre-pandemic levels.
Flnancial revigw
The results are set out in detail on pages 7 to 15. The charity relufned nel outgoing resources for Ihe year of £1,14g
{2022 net incoming resources= £3.5891 leaving unrestricted funds 01 £32.21712022'. £29.294) and restricted funds of
£1.33712022.' £5,409). The unrestricted funds are considered to b8 essential to provide sufficient funds to cover any
unforeseon costs which may arise and fulfill legal obltgations of the charity in the event that currenl levels of income
are not maintained.
The Ministry's principal funding sources are voluntary donations, thè sat8 of Inductive Bible Sludy resources. one off
gifts and financial support from Precept Minislries Inlernalional. Costs have been mainlained to a minimum.
The charity operates as a debt-freè Ministry.
In relation to financial planning the Trustees strive to achieve a goal to provide a cash operaling resetve of not
less than 90 days operating funds (excluding deprecialionl at the year end.
structure. governance and management
The company is registered as a charitable company limiled by guarantee, company number Nl829985. and was
set up by a Memorandum of Association. on 13 March 2015. The company is constituted under a Memorandum
ofAssociati(In and is a registered charity. thaTity number NIC105799, registered 3 April 2017.
The charity is constituted wilh a Board ol Directors and one National Director who oversees the day to day runnlng
of the Ministry. The registered office for the Ministry during this reporting period is Unit 9A. 218 York Slreel, Belfast,
BT15 1GY.
At the beginning of the financial year the Ministry employed four m8mbeTS of staff. the National Director (part
lime}, an Office Administrator {part time). an Administrative Assistant (part time), and a full lime Database and
Social Media Manager.
The trustees, who are also the directors for the purpose of company law. and who served during the year and up lo
the dale of signature of th8 finan￿al statements wer&..
Mr N Watts
Mr C Green (Chair￿r$On)
Mrs P Jones
MT S Broad {Board secretary)
Mr D McCIuTg
Routine decisions are made by the Nabonal Direclor. Major decisions are decided corporalely by the Board of
Directors and the National Diieclor. The Ministry is affiliated to Precept Minislries International based in
Chatlanooga, Tennessee, USA.
The day to day management has been delegated by the Trustees lo the National Director.
None of Ihe trustees has any beneficial inlerest in the company. AJI of the trustees are members of the company and
guarantee lo contribute £1 in Ihe evenl of a winding up.

PRECEPT MINISTRIES IRELAND LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees regulady review the work of the Ministry lo identify Ihe major risks lo which Ihe Ministry is exposed.
They then implement procedures dgsigned lo minimise any potential impact on the Ministry. A special risk
assessment was put in place for a return lo office working post covid.
The Iruslees, report was approved by the Board of TFUStees.
Mr C Green (Chairperson)
Trustee
Dale..

PRECEPT MINISTRIES IRELAND LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PRECEPT MINISTRIES IRELAND LTD
We report lo the trustees on our examinatlon of t1￿ financial statements of Precept Ministries Ireland Lld (the
charily) lor the year ended 31 March 2023.
Responsibilities and basls of report
As the trustees of the charity (and also ils directors for the purposes of company lawl you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006
A¢tl.
Having satisfied ourselves that the charity ts not subject to audit uThJer company law, and is eligible for 1Th1ep￿ndent
examination, it is our responsibility to:
examinè the accounts ijnder *ectinn R£ t)f Ihp. eharilies Act {Northern Ireland) 2008:
follow the procedures laid down in the general Directions given by the Charity Commisslon for Northern
Ireland under section 65(9)(b) of Ihe Charities Act- and
slate whether particular matters have come lo our attentions.
Independent 9xaminefs Statement
We have completed our oxamination. We confimi that no matters have come to our attention in connection wllh the
examination giving us cause lo believe that in any material respect=
accounting records were nol kept in respect of the charity as required by section 386 of the 2CKJ6 Act., or
the financial alatementg do not Bccord with th￿C rC￿rd-.' or
the financial statements do not comply wilh the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accAwnts give a true and fair view which is not a tnatter considered as part of an
independent examinalK)n', or
that there is further infomalion needed for a proper understanding of the accounts to be reached.
We have completed our examination and have no concems in respecl of the matters (11 to (4) Ilsleij above and, In
connection with following the Directions of the Charity Commission for Northem Ireland, we have found no matters
thal require drawing to y{￿r attention.
GMCG Lisburn
C8nliJry Hnilsg.
40 Crescent Business Park
Lisburn
BT28 2GN

PRECEPT MINISTRIES IRELAND LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unrestrlctod Restricted
funds
fiinds
2023
2023
Total
Unrostricted R8strlctod
funds
funds
2022
2022
Total
2023
2022
Notes
Income from:
Donations and
legacies
Chantable activilies
43,369
13.123
43,369
58,738
44,097
14.546
44,097
54,082
45.615
39,536
Total income
56.492
45.615
102.107
58,643
39,536
98,179
endlture on:
Charitable activities
53,551
49.852
103,403
54.853
39,737
94.590
Net incomel(expendlturn)
for the yearl
Net movement in funds
2,941
{4.237)
(1,296)
3.790
(2011
3,589
Fund balances at 1 April
2022
29,294
5.409
34.703
25,504
5.610
31.114
Fund balances at 31
March 2023
32,235
1.172
33,407
29.294
5,409
34,703
The slalement of financial activities indudes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The slalement of financial activities also complies with Ihe requirements for an income and expenditure account
under the Companies Act 2006.

PRECEPT MINISTRIES IRELAND LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023
2023
2022
Notes
Fixed assets
Tangible assels
589
1,295
Current assets
Stocks
Debtors
Cash at bank and in hand
10
11
3.564
1.877
30,012
4,105
1,467
31,132
35.453
36.704
Creditors: amounts falling due wlthl
one yoar
12
(2.6351
(3,2961
Net current assets
32,818
33,408
Total assets less current IlabllltFes
33.407
34.703
Incorne funds
Reslricled funds
Unrestricted funds
13
1.172
32,235
5,409
29,294
33.407
34.703
The company is entitled to the exemption from the audil requirement contained in section 477 of the Companles Acl
2006. for the ygar ended 31 March 2023.
The directors acknowledge their responsibilities for complying with the requ1￿mentS of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not requlred the company lo obtain an audit of its financial statements for the year in question in
accordance with seclion 476.
These financial slalements have been prepared in aC￿rdanCe with the provisM)ns applicable to companies subject
lo the small companies regime.
The financial sialements wer8 approved by the TTU3tees on ...
. and signed on their behalf by..
Mrc
reen (Chairperson)
Trustee
Company reglstratlon number N1629985

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounling policlo$
Charlty Infom7ation
Precept Ministries Ireland Ltd is a private company limited by guarantee incorporated in Northem Ireland. The
regislered office is Unil 9A. NCM House. 218 York Street. Belfasl, BT15 1GY.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Memorandum and Ariicles of
Association, the Companie5 Act 2006. FRS 102 "The Financial Reporting Standard applicable in Ihe UK and
Republic of Ireland" {"FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charities: Slatemenl
of Recommended Practice 8pplicable lo charities preparing their accounts in accordance wilh the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (effective 1 January 2019)- The
charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charilies not to prepare a Statement of
Cash Flows.
The financial statements are prepared in steiling. which is the functional currency of the charity. Monelary
amounts in these financial slalements are rounded lo the nearest £.
The financial slatements havè been prepared under the hislorical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At Ihe lime of approvlng the finanual statements. the trustees have a reasonable expectation that the charity
has adequate resources to continua in operational existence for the forasoeable fvlure. Thus the trustees
continue lo adopt the going concem basis of accounting in preparing the financial stalemenls.
1.3 Charltable funds
Unrestricted funds are available for use at the disuetK)n of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject lo specific ￿nditionS by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes lo the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any perfonnance conditions have been mel,
the arnounls can be measured reliably, and it is probable that incorne will b8 received.
C8sh donations are recognised on receipt. Other donations are recognised once th8 charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised al tho lime of the donation.
Legacies are recognised on receipt or othetwise rf the charity has been notified of an impending distribution,
the amount Is known, and receipt is expected. If lh& amount rs not known. the legacy is treated as a
conlingenl asset.

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting poli¢les {Contlnued)
1.5 Expendltur8
Expenditure is recognised once Ihere is a legal or constructive obligation lo transfer economic benefit lo a
Ihird party. il is probable that a transfer of economic benefits will be required in setuement, and the amount of
the obligation can be measured reliably.
Expenditure is classifth by acbwty- The costs of each aclivily are made up of the total of direct costs and
shared costs, including supporl cosls involved in undertaking each activity. Direct costs attribulable lo a single
activity are allocated directly to Ihal acltvity. Shared costs which contribute to more than one activity and
support costs which are not attribulable to a single actiwty are apportioned be￿88n Ihose activities on a basis
consistent with the use of resources. Central stsff costs are allocaled on the basis of time spent, and
depreciation charges are alkjcated on Ihe porti(H) of the asset's use.
1.6 Tanglble fixed assets
Tangible fixed assets are initially rneasu￿d at cost and sUbseqUen￿Y measured at cost or valuation, net of
deprecialion and any 1mpairn￿nI losses.
Deprecialion is recognised so as to wrile off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Fixtures and fillings
25% straight line
Tho galn or loss arising on the disposal of an asset is detèmiined as the difference belween the sale proceeds
and the carrying value of the assel, and is Tecognised in the stalemenl of financial activities.
1.7 Stocks
Stocks are slated at the lower of cost and estimated selling pri￿ less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those ovetheads that have been
incurred in bringing Ihe stocks to their present location and condition. Items held for distribution at no or
nominal considerdlion are measured the K)wer of replacement (x)st and cost.
Net realisable value is the estimated selling price less all estimated costs of complellon and costs to be
incurred in markets'ng, selling and distribulion.
1.8 Cash and cash equivalènts
Cash and cash equivalenls include cash in hand, deposits held at call with banks, olher short-term liquid
investments with original maturities of three months or less, and bank overdiafts. Bank overdrafts are shown
within borrwngs in current liabilities.
1.9 Financial instruments
The charTrty has elected to apply the provisions of Section 11 'BaS￿ Financial Instruments. and Sectlon 12
'Other Financial Instruments Issues. of FRS 102 to all of its finanual instruments.
Financial instruments are recognised in the charity's balance sheel when the charity becomes party to the
conlrdclual provisions of the instrumenl.
Financial assets and liabilities are offsel. with the net amounts presented in the financial statements, whan
there is a legally enforceable right to set off the recognised amounts and there is an intention to Settle on a net
basis or to realise the asset and settle the liability simultanei)usly.
10-

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng policles (Contlnued)
8asl¢ financial assets
Basic financial assets, which include deblors and cash and bank ba18nces, are initially measured at
transaction Pri￿ including transaction cosls and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaclion. where the transaction is
measured at the present value of the future ieceipls discounted at a market rale of interest. Flnancial assets
classified as receivable within one year are nol amortised.
8aslc flnancial Ilabllltles
Basic financial liabilities. including creditors and bank102ns are initially recognised at Iransaction price unless
the arrangement conslitules a financin9 transaction. where the debt instrumenl is measured al the present
value of the future payments discounted at a market rate of inleresl. Financial liabilities dassified as payable
within one year are not amortised.
Debt instruments are subsequenuy caTwred al amortised cost, uslng the effective interesl rate melhod.
Trade creditors are Obligat￿n5 lo pay for gocKls or services that have been acquired in Ihe ordinary course of
operations from suppliers. Amounts payable are classified as c#Jrrent liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised ir)itially at
transaction price and subsequen15y measured at amortised cost using the effeclive interest method.
D•recognition of financial liabilities
Financial liabilities ale derecognised when the charity's conlraclual obligations expir6 or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entiuemenl is recognised in the period in whlch Ihe employee's servlces are
recelved.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an emrloyee or to provide ieminalion benefils.
1.11 Retirement beneflts
Payments to defined oonlribution retirernent benefit schemes are charged as an expense as they fall due.
Donations and l&gacle5
Unrestricted Unr•stricted
funds
funds
2023
2022
Donalions and gifts
43,369
44.097
11

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charltable activitl•s
2023
2022
Precept Mlnlstries Inlemational supp(Kt
WoTkshops and training income
Books sales
45.615
237
12,886
39,536
305
14.241
58,738
54,082
Analysls by fund
Unresliicted funds
Restricted funds
13,123
45,615
14,546
39,536
58,738
54,082
Charltable a¢llvltles
2023
2022
Staff costs
Depreciation and irnpairment
Rent and seTvlce charges
Venue cosls
Postage and office supplies
Books and printing
Training
Travel and subsistence
Computer costs
Sundry expenses
Equipment rental
Cost of sales
Special events and conferences
Advertising and recruitment
Telephone and inlernel
73,817
706
5,713
760
939
7.522
10
1.258
1.621
816
618
4,906
1.224
306
960
69,305
707
5,000
100
2.113
5.108
35
1,767
1,655
381
604
2.717
961
292
853
101.176
91,598
Share of governance costs (see note 51
2,227
2.992
103,403
94.590
Analysis by fund
Unrestricted funds
Reslricled fLtnds
53.551
49,852
54,853
39.737
103.403
94.590
12-

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Support cosls
Support Governance
costs
costs
2023
2022
Accountancy
Bank fees
Insurance
Legal and professional
1,380
348
411
1,380
348
411
2.460
111
383
38
2,227
2,227
2,992
Analysed b8tween
Charitable aclivities
2.227
2.227
2.992
TNstoos
None of the trustees lor any persons connecled wth them) received any remuneration or beneffts from the
charity during the year.
Employees
The average monthly number of employees during the year was".
2023
Number
2022
Number
Employmènt costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
72,844
297
676
68,194
529
582
73,817
69,305
There were no employees whose annual remuneration was MO￿ than £60,000.
Taxatlon
The charity is exempl from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxalionof Chargeable Gains Act 1992 lo the exlenl that these are applied to ils charitable obj'ects.
13-

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THEYEAR ENDED 31 MARCH 2023
Tangible fixed assets
Flxtures and fittings
Cost
At 1 April 2022
4,369
At 31 March 2023
4.369
Depreciatlon and impalrment
At 1 April 2022
Depreciation charged in the year
3,074
Al 31 March 2023
3,780
Carrylng amount
Al 31 March 2023
589
Al 31 March 2022
1,295
10 Stocks
2023
2022
Finished goods and goods for iesale
3.564
4,105
11 Debtors
2023
2022
Amounts falling due within one year.
Trade debtors
other deblors
Prépayments and accrued income
257
1,215
405
153
910
404
1,877
1,467
12 Credltors: amounts falling due within one year
2023
2022
Olher taxation and social security
Trade creditors
Other creditors
Accnjals and deferred income
1,015
207
33
1.380
1.101
35
2,160
2,635
3.296
14-

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
13 Restrl¢tod funds
The income funds ot the charity indud& restricted funds comprising the following unexpended balances of
donations and grants held on trust for speufic purposes:
Movèmont In funds
Incomlng
Rosourtes
Balancè at
fesourcès
e¥pend•d 1 April 2022
Movement in funds
In¢omlng
Resourc•s
Balance at
r850urces
èxpended 31 March 2023
Balance at
1 Aprll 2021
Precept
Minislrles
International
Support
5,610
39,536
(39.737)
5.409
45.615
(49,8521
1.172
14 Analysls of net assets between funds
Unrestrlctèd Restrlcted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Fund balances al 31
March 2023 are
represented by-
Tangible assels
Current assetsl(liabilities)
589
31,481
589
32.818
1.295
21,999
1,295
33,408
1,337
5,409
32.070
1.337
33,407
29,294
5,409
34,703
15 Related party transactions
There We￿ no disclosable relaled party transadions during the year (20Y2- none).
The charity is under the umbrella of Precept Ministries International. a charity based in USA. During the year
the charity re￿iVed donations 01 £45,615 (2022 - £39,536) from Precept Ministries Inlemational.
15-