Northern Ireland Charity Commission Reg: HMRC Reg No. . NIC108500 7641821191 Sharin2 of Ministries Abroad Ireland Trustees, report and financial statements for the period ended 31 December 2023
Sharing of Ministries Abroad Ireland Report of the trustees for the period ended 31 December 2023 The trustees present their report and the financial slatements for the period ended 31 December 2023. The trustees who served during the year and up to the date of this report are set out on page l. Structure? governance and management The Charity is controlled by its governing document, a deed of trust and constitutes an unincorpornted charity. The comDanv is limited bv L7uarantee. Recruitment & appoinlmen¢ of new truslees There has been an average of 4 trustees throughout the period. Any new appointments are at the recommendation of the board, but after consultation with the members. Induction & training of new Irustees All new trustees are given, in the view of the board, sufficient training and have enough knowledge of their specific field to understand the nature of the charity and fully comply with the charities cent views of its progression. Organisalional structure The Board of Trustees is responsible for the running of the organisation and guides the strategic direction of it. They meet regularly on a formal basis to discuss the activities of the organisation. They delegate the day to day management of the organisation to their manager. Risk Management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide a reasonable assurance against fraud and error. Objectives and Activities The charity exists to advance the Christian faith in accordance with the ststernent of faith appearing in the schedule attached by fostering spiritual renewal throughout the Anglican Communion and encouraging co- operation with Christians of all churches in ministering to the Body of Christ through teaching, preaching, evangelism and edification.
Sharing of Ministries Abroad Ireland Report of the trustees for the period ended 31 December 2023 Achievements and performanee During the year 2023 SOMA Ireland has sought to engage more with churches across Ireland to actively raise the profile of SOMA locally and also to engage more internationally with the National Director taking a team to Rwanda in April and then hosting an international team for a large scale church mission in the Diocese of Down and Dromore where an international team of 40 people joined a number of local churches for two weeks, raising the profile of SOMA locally. In November, a further trip w&s undertaken with a team to South Rwenzori Diocese in Uganda in conjunction with SOMA UK and the team experienced a great time of spiritual awakening with the local community there. This year has seen a significant increase in activity which is beginning to be reflected in the income generated by SOMA. Financial RevieTrv During the period ended 31 December 2023 we had a surplus of £6.911 compared to a deficit in 2022 of £(1,452). We finished the year with cash reserves of £12,574. It has been our policy to bring the charity to a position where the posts of National Director is no longer a voluntary post but can be a full time paid position. This will require further work at growing our giving base over the next few years but the Directors are pleased with the start that has been made and the benefits to the charity at this time. We have prepared the accounts using the receipts and payments basis. Going Concern We consider it reasonable that the Charity can operate on a going concern basis and has sufficient fimds and an income stream to allow it to continue for the foreseeable future. Statement of trustees, responsibilities The trustees are responsible for preparing the Trustees, Report and the ststement of receipts and payments and statement of &ssets and liabilities in accordance with applicable law and rcgulations. The law applicable to charities in Northern Ireland with Income of less than £250,000 requires the trustees to prepare a statement of receipts and payments and a statement of assets and liabilities for each fllwicial year. The trustees are responsible for keeping accounting records that are sufficient to show and explain Sharing of Ministries Abroad Ireland's transactions and disclose with reasonable accuracy at any time the assets and liabilities of Sharing of Ministries Abroad Ireland. They are also responsible for safeguarding the assets of Sharing of Ministries Abroad Ireland and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board on by Rev Henry Blair National Director