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..