Company registration number N1629985 (Northern Ireland)
Charity registration number 105799 (Northern Ireland)
PRECEPT MINISTRIES IRELAND LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

PRECEPT MINISTRIES IRELAND LTD
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mr N Watts
Mr C Green (Chairperson)
Mrs P Jones
Mr S Broad (Board seGretary)
Mr D Mcclurg
Ms C Mcmillan
(Appointed 1 April 2025)
Country of incorporation
United Kingdom
(Northem Ireland)
N1629985
Charity registration
Northern Ireland
105799
Principal address
Unit 9A
NCM House
218 York Street
Belfast
BT15 1GY
Registered office
Unit gA
NCM House
218 York Street
Belfast
BT15 1GY
Independent examiner
GMCG Lisburn
Century House
40 Crescent Business Park
Lisburn
BT28 2GN
Bankers
Ulster Bank
37 High Street
Carrickfergus
BT38 7AN

PRECEPT MINISTRIES IRELAND LTD
CONTENTS
Page
Trust&es' report
Independent examinerfs report
Statement of financial activities
Statement of financial position
Notes to the financial statements
9-15

PRECEPT MINISTRIES IRELAND LTD
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of Precept Ministries Ireland Ltd
(PMI Ltd) for the year encled 31 March 2025.
The 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 Assoicalion, the Companies Act
2006 and "Accounting and Reporting by Charities.- Statement of Recommended Practice applicable to charities
preparlng their accoLtnls in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activitie5
Our Mission and Wision
The mission of Precept lfflinistries International and Precept Ministries Ireland is, 'Engaging people in relationship
with God through knowing His Word. throughout the Island of Ireland. The vision ts 'Every believer in Christ living
oul God's Word everyday..
The objects of the company are to advance the Christian religion. Thi5 is aGhieved through:
equipping people with Inductive Bible Study skills to help them to sludy and understsnd the Bible for
themselves.
providing various levels of study resOur￿S and leader training
making training and resources available to all.
PubliG benefit
The truslees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
chartty should undertake.
Achievements and perfonnance
Introduction
The year 2024125 provided Precept Ireland with opportunities to visit churches and provtde
encouragement to Bible study leaders as well a5 employ an intern.
1.Staff
The staff team consists of a National Director (full time), Finance Manager (part-time) and
Administrative Assistant Ipart-time). Precept Ireland were able to offer a paid internship programme for which an
intern was appointed to work from 1st October 2024 to 31st August 2025. This created a broader staff tearn and
gave Precept an opportunity lo invest in a young person. The focus was digital marketing and so Precept was able
to develop more digital content and increase their reach via social platforms.
Both the National Director and intern undertook training provided by Belfast Metropolitan College in association wtth
the Sknll Up initiative, and were both awarded an OCN Level 4 Award in Social Media and Digital Markeling.
2. Leader Training & Support
During the year 202412025. Precept Ireland has continued to support and encourage leaders.
The administration staff in the offits are also trained Bible study leaders and are equipped to advise and encourage
leaders wha contact the office. These conversations have played a key role in making leaders feel connected to Ihe
ministry and given them confidence as to where to find help and support. Precept also delivered a number of
leaders, events and leader training to encourage those who wish to start their own class.

PRECEPT MINISTRIES IRELAND LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3. All Ireland Strategy
Precept Ireland was able lo visit churches throughout Ihe year and speak about inductive study through Sunday
sermons and workshops. These churches were from a variety of denominations and included Scrabo Hall (County
Down), Magherafelt First Presbyterian Church (County Londondery), St. Aidan's Parish Belfast (County Antrim) and
Carrickmacross Baptist (County Monaghan).
During the year Precept was able to visit Youghal Baptist Church in Count Cork twi￿ (May 2024. March 2025).
spending time with the Ghurch leadership and speaking to the church about indudive Bible study.
Precept Ireland hosts an all-lreland study group online each month which has been attended by students from
across the island. This has been beneficial for encouraging students from different parts of Ireland.
Precept was also able to exhibit at an Irish Christian conferen* called lQnfire in August 2024 where they made
many new connections with churches across Ireland.
Pre￿p1 also had meetings With several church leaders from different denomination5 wliich may lead to further
speaking engagements.
4. Social Media
Precept Ireland have a presence on F3￿book, Instagram and Twitter with an average of 4-5 posts per week. Over
the year engagement has increased on all platForm5. The digital intern was also able to expand the network by
launching a TikTok account where videos and content can be shared with a younger dernographic.
5. Classes & Training
During the year we were able to deliver six leader training events, with ￿enty students trained to be leaders, six of
whom were trained in the Precept Upon Precept material.
The National Director was a150 involved in the delivery of Iwo Precept Leader Academies. This was done in
partnership with Pre￿p1 UK and focused on the New Inductive Study Series (April 2024) and the Precept Upon
Precept Study Series (November 2024).
6. Bible Study Resources
The Administrative A5SiStant has produced several free resources throughout the year Ihal have been made freely
available. There has been regular encouragement following these and so it is planned to continue producing them.
Resources have been provided by Precept International (Chattanooga, USA) while on demand printing has been
provided by Print'NI (Mallusk. Northem Ireland).
Precept has continued to provide free resources to Ukrainian refugees living acros5 Ireland when requested.
7. New Initiatives
Following the success of a partnership with Bible Society Northern Ireland in 2023124. Precept ran a joint seminar
with the other charity at New Horizon, August 2024, and Gontributed to a new Podcast series in November 2024.
Precept also partnered with Prison Fellowship Nl during the autumn 2024 to provide free study resources for newly
released male prisoners.
The benefit that the charity provides can be demonstrated in the following statistics for the 2024- 2025 year.
The average number of Bible study students (excl. JulylAug) 498
Number of Students March 2025 550
The average number of classes (excl. JulylAug) 41
Number of classes March 2024 46
The number of Bible study leaders active 59
These statistics indicate a slight decrease in the total monthly users of Precept material, bLrt also show an increase
in Glasses, which suggests groups are smaller in size.

PRECEPT MINISTRIES IRELAND LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial review
The results are set out in detsil on pages 7 to 15. The charity retumed nèt outgoing resources for the year of£1,856
(2024 - nel incoming resourGes £10,171} leaving unrestrictèd funds of £41,722 12024 - £43,578) and restricted
funds of £nil (2024 - £nill. The unrestricted funds are considered to be essential to provide sufficient funds to cover
any unforeseen costs which may arise and fulfill legal obligations of the charity in the event that current levels of
income are not maintained.
The Ministry's principal funding sources are voluntary donations, the sale of Inductive Bible Study resources. one off
gifts and financial suppori from Precept Ministries International. Costs have been maintained to a rninimum.
The charity operates as a debt-free Ministry.
R&seNes policy
In relation to financial pl¢inning the Trustees strive to achieve a goal lo provide a cash operating reserve of not
less than 90 days operating funds (excluding depreciation) at the year end.
Structure, governance and management
The company is registered as a charttable company limited by guarantee. company number N1629985, and was sel
up by a Mernorandum of Association, on 13 March 2015. The company is constttuted under a Memorandum of
Association and is a registered charity, charty number NIC105799, registered 3 April 2017.
The charity is constituted with a Board of Dire¢lors and one National Director who oversees the day io day running
of the Ministry. The registered office for the Ministry during this reporting period is Unit 9A. NCM House, 218 York
Street, Belfast, BT15 1 GY.
At the beginning of the financial year the Ministry employed four members of staff. the National Director {full time),
an Office Administrator (part tim&), an Administrative Assistant (part time) and a Digital Intern (part time).
The truslees, who are also the directors for the purpose of company law. and who served during the year and up to
the datè of signature of the financial statements were-.
Mr N Watts
Mr C Green (Chairperson)
Mrs P Jone5
Mr S Broad (Board secretary)
Mr D Mcclurg
Ms C Mcmillan
(Appointed 1 April 2025)
Routine decisions are made by the National Director. Major decisions are decided corporately by the Board of
Directors and the National Director. The Ministry is affiliated to Precept Ministries International based in
Chattanooga, Tennessee. USA.
Thè day to day management has been delegated by the Trustees to Ihe National Director. GMCG Chartered
Accountants and Registered Auditors served as accountants during the period of this report.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and
guarantee to contribute £1 in the event of a winding up.

PRECEPT MINISTRIES IRELAND LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Other matters
The Trustees regularly review the work of the Ministy to identify the major risks to which the Ministry is exposed.
They then implement procedures designed to minimise any potential impact on the Ministy. A special risk
assessment was PLrt in pla￿ for a retum to office working post covid.
The truste
s, report was approved by the Board of Trustees. and signed on its behalf by:
Mr G Green (Chairperson)
Trustee

PRECEPT MINISTRIES IRELAND LTD
INDEPENDENT EXAIMINER'S REPORT
TO THE TRUSTEES OF PRECEPT MINISTRIES IRELAND LTD
We report to the trustees on our examination of the financial statements of Precept Ministries Ireland Ltd (the
charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the
preparalion of the financial statements in accordance with the requirements of the Cornpanies Acl 2006 (Ihe 2006
Act).
Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independenl
examination, it is our responsibility lo=
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008-,
follow the procedures laid down in the general Direotions given by the Charty Commission for Northern
Ireland under section 6519)(b) of the Charities Acl-, and
state whether partiGular matters have come to our attention.
Basis of independent ea(aminers' report
We have examined your charity accounts as required under section 65 ofthe Charities Act and our examination was
carried out in accordance with the general Directions given by the Charty Commission for Northern Ireland under
section 65(9){b) of the Charities Act. The examinalion included a review of the accounting records kept by the
charity and a comparison of Ihe accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any
such matter5.
Our role is to stste whether any material matters have come to our attention giving us cause to believe..
accounting record5 were not kept in respecl of the charity as required by section 386 of the Companies Act
2006.
the finan¢ial ststements do nol accord with those records., or
That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006
and with the methods and principles of the Charities Statement of Recommended Practice applicable to
harities preparing their accounts in accordance with 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.

PRECEPT MINISTRIES IRELAND LTD
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF PRECEPT MINISTRIES IRELAND LTD
Independent examinerfs statement
We have completed our examination and have no concerns in respect of the matters (1) to (4) listed above and, in
connection with following the Directions of the Charity Commission for Northem Ireland, we have found no matters
that require drawing to your attention.
GMCG Lisbum
Century House
40 Crescent Business Park
Li5burn
BT28 2GN
Dated".

PRECEPT MINISTRIES IRELAND LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOh1EAND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
Notes
Income from:
Donations and legacies
Charitable activities
43,151
52,749
44,794
14,052
44.794
55.914
41,862
Totsl income
95,900
58,846
41,862
100,708
Expenditure on:
Charitable activities
97,756
47.136
43,4D1
90,537
Total expenditure
97,756
47.136
43,401
90,537
Net incomellexpenditure)
(1,856)
11,710
(1,539)
10.171
Transfers bekneen funds
(36n
367
Net movement in funds
(1.85S)
11,343
(1,172)
10,171
Reconciliation of funds:
Fund balances at 1 April 2024
43,578
32,235
1,172
33.407
Fund balances at 31 March 2025
41,722
43,578
43,578
The statement of financial activities include5 all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

PRECEPT MINISTRIES IRELAND LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
163
Currentassets
Stocks
Debtors
Cash al bank and in hand
10
11
9.220
1,371
33.439
2,982
2,4D5
40,660
44,030
Creditors- arnounts fallin9 due within
one year
46.047
12
12.3081
(2.6321
Net current assets
41,722
43,415
Total assets less current liabilities
41.722
43,578
Income funds
Unreslrtcted funds
41,722
43,578
41,722
43,578
The company is enlstled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company lo obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
lo the small companies regime.
The financial statements were approved by the Trustees on
and signed Dn their behalf by=
Z£•
Mr C Green (Chairperson)
Trustee
Company registration number N1629985

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
Pre￿pt Ministries Ireland Ltd is a private company limited by guarantee incorporated in Northern Ireland. The
registered office is Unit 9A, NCM House, 218 York Street, Belfast, BT15 1 GY.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of
Association, the Companies Act 2006, FRS 102 °The Financial Reporting Standard applicable in the UK and
Republic of Ireland" I'FRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Statement
of Recommended Practice applicable to charities preparing their accounts in accordan￿ with 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 a5 defined by FRS 102.
The charity has laKen advantage of the provisions in the SORP for charities not to prepare a Statement of
Cash Flows.
The financial stateinents are prepared in sterling. which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial ststements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable fLrture. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for USÈ at the discretion of the trustees in fvrtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are sel out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entilled lo it after any performanGe conditions have been met,
th& amounts can be rneasured reliably, and it is probable that income will be received.
Cash donations are recognisÈd on receipt. Other donations are recognised On￿ the charity has been notifièd
of the donation, unless performance Conditions require deferral of the amount. Income tax recoverable in
relation to donations re￿Ived under Gfft Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies Icontinuedl
1.5 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic benefit to a
third paty, it'is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The cosls of èach actlvlty are made up of the total of direct costs and
shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directty to that activity. Shared costs which contribute to more than one actlvlty and
support costs which are not attributable to a singlè activity are apporknoned be￿￿en those activities on a basis
consistent with the use of resources. Central stsff costs are allo¢ated on the basi5 of tirne spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tangible fixed assets
Tangible fixed assels are initially measured at cost and subsequently measured at cost or valuation. net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their rèsidual values over their
useful lives on the following bases..
Fixtures and fittings
25D/o Straight line
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeLIs
and the carrying value of the asset, and is recognised in the statement of ffnancial activities.
1.7 stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complele and sell. Cost
comprises direct rnaterials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling pri￿ less all estimated cost5 of completion and costs to be
incurred in marketing, selling and distribulion.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's 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 the financial statements. when
there is a l&gally 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 simullaneously.
10-

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitules a financing transaction, 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.
Basic financial liahilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future paymènt5 discounted at a market rate of interest. Financial liabilitie5 classified as payable
within one year are not amortised.
Debt instruments are subsequently Ca￿led at amortised cost, Using the effecttve interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised iniiially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefi
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an Èmployee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefrt schemes are charged as an expense as they fall due.
Income from donations and legacies
Unrestricted
funds
2025
Unrestricted
funds
2024
Donations and gifts
43,151
44,794
11

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charitable activities
2025
2024
Precept Ministries International support
Workshops and training income
Books sales
39,310
233
13,206
41,862
99
13,953
52,749
55,914
Analysis by fund
Unrestricted funds
Restricted funds
52,749
14.052
41,862
Charitable activities
2025
2024
Staff costs
Depreciation and impairment
Rent and service charges
Venue costs
Postage and office supplies
Books and printing
Training
Travel and subsistence
Computer costs
Sundry expenses
Equipnent rental
Cost of sales
Special events and conferences
Advertising and recruitment
Telephone and internet
69.930
163
6,183
500
1,285
998
65,172
426
5.928
600
1.288
5,713
153
1.052
2,147
412
128
2,545
1.335
452
923
2.330
2,357
527
7.673
2,564
125
732
95.367
88,274
Share of governancè costs (see note 5)
2,389
2,263
97,756
90,537
Analysis by ftind
Unrestricted funds
Restricted funds
97,756
47,136
43,401
12-

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to activities
2025
2024
Governance costs
2.389
2,263
2025
2024
Governance costs comprise:
Accountancy
Bank fees
Insurance
Legal and professional
1.380
497
418
94
1.380
398
412
73
2.389
2,263
Trustees
None of the trustees (or any persons connected with them) recetved any remuneration or benefits from the
charily during the year.
Employees
The average monthly number of employees during the year was:
202S
Number
2024
Number
Employment costs
2025
2024
Wages and salaries
Other pension costs
68.892
1,038
64,222
950
69,930
65.172
There were no èmployees whose annual remuneration was more than £60,000.
Taxation
The charity is èxernpl from taxation on its activities because all ils income is applied for charitable purpDses.
13-

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Tangible fixed assets
Fixtures and
fittlngs
Cost
At 1 April 2024
4,369
At 31 March 2025
4,369
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
4,206
163
At 31 March 2025
4,369
Carying amount
At 31 March 2024
163
10 Stocks
2025
2024
Finished goods and goods for resale
9,220
2,982
11
Debtors
Amounts falling due within one year:
2025
2024
Trade debtors
Other debtors
Prepayments and accrued income
262
713
396
1,294
700
411
1,371
2,405
12 Creditors: amounts falling due within one year
2025
2024
other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
728
998
146
108
1,380
36
1,544
2.308
2,632
14-

PRECEPT MINISTRIES IRELAND LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Retirement benefit schemes
2025
DefIned contribution schemes
2024
Charge to profil or loss in respect of defined contribution schemes
1.038
950
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
14 Restricted funds
The restricted funds of the charty comprise the unpxpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
Previous year:
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
Precept Ministries International
Support
1,172
41,862
(43,401)
367
15 Unrestricted fund
The unrestricted fuiids of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2024
Incoming
resources
Resources
expended
Transfers At 31 March
2025
General funds
43,578
95,900
(97,756)
41,722
Previous year:
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
General funds
32,235
58,846
(47,136)
1367)
43,578
16 Related party transactions
There were no di5closable related party transactions during the year (2024- none).
The charity is under the umbrella of Precept Ministries International. a charity based in USA. During the year
the charity received donations of £39,310 {2024 - £41,862) from Precept Ministries International.
15