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 2024
Sharing of Ministries Abroad Ireland Contents Page Legal and administrative inforn]ation Trustees report Independent examiners, report Statement of fmancial activities Balance sheet Notes to the financial statements 8- 11 Appendix l - Summary of Receipts & Payments 12
Sharing of Ministries Abroad Ireland Legal and administrative information Charity Commission number NIC108500 HMRC registration number 76418 21191 Registered address 2 Church Walk Lurgan CraiRavon Co. Tyrone BT67 9AA Trustees Rev Andrew Quill Venerable David Huss Rev George Okikiolu Rev Adam Pullin Rev Isaac Hanna Secretary Mrs Helen Blair Accountants Crudden Dolan Ltd. 23-25 Darling Street Enniskillen Co. Fennanagh BT74 7DP Bankers AIB NI 2-4 East Bridge Street Enniskillen Co. Fernianagh BT74 7BT
Sharing of Ministries Abroad Ireland Report of the trustees for the period ended 31 December 2024 The trustees present their report and the fllyancial statements for the period ended 31 December 2024. The trustees who served during the year and up to the date of this report are set out on page l. Structureg goverDance and management The Charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. The comDanv is limited bv guarantee. Recruitment & appointment olnew trustees There has been an average of 5 trustees throughout the period. Any new appointments are at the recommendation of the board. but after consultation with the membeTS. Induction & Iroining 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 current 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 fornial 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 ststement 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 MinRStries Abroad Ireland Report of the trustees for the period ended 31 December 2024 AchievemeDts and performance During the year 2024 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 was 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 Review During the period ended 31 December 2024 we had a surpIus of £14.979 compared to a surplus in 2023 of £6,911. We fmished the year with cash reserves of £27,553. 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 funds 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 statement of receipts and payments and statement of assets and liabilities in accordance with applicable law and regulations. 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 fmancial 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 irreRularities. On behalf of the board on by Rev Henry Blair National Director
Sharing of Ministries Abroad Ireland Independent examiner's report to the eharity trustees of Sharing of Ministries Abroad Ireland I report on the accounts of the Trust for the year ended 31 December 2024, which are set out on pages 5 to 9. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to: examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of examiner's statement I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further inforniation needed for a proper understanding of the accounts to be reached. Independent examiner's qualified statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Alan raham FCA Date: Independent Examiner Crudden Dolan Ltd 23-25 Darling Street Enniskillen Co. Fern]anagh BT74 7DP
SharRng of Ministries Abroad Ireland Receipts and Payments Account for the year ended 31 December 2024 Unrestricted Restricted funds funds Total funds Total Funds 2024 2023 Receipts Donations & legacies Grants Fundraising activities Charitable trading receipts Transfer from Reserve Account Other charitable receipts 28,837 1,000 28,837 1,000 11,871 7,215 7.215 Receipts & Payments Accounts Asset and investment sales Proceeds from sale of fixed asset Loan repayments received Total receipts 37,052 37,052 11,871 Payments Cost of fundraising events Administration Expenses Direct charitable activity Grants & donations paid Governance costs 22,073 22,073 4,960 Sub total 22,073 22,073 4,960 Asset and investment purchases Purchase Plant & Equipment Purchase of Land & Buildings Sub total Total payments 22,073 22,073 4,960 Net of receiptsl(payments) £14,979 £14,979 £6,911 Transfers between funds Cash funds last year end 12,574 12,574 5,663 Cash funds this year end £27,553 £27,553 12,574
Sharing of Ministries Abroad Ireland Statements of assets and liabilities at the 31 December 2024 Unrestricted Restricted Total funds Total Funds funds funds 2024 2023 Cash funds Current account Cash account 29,264 29,264 13,074 Total cashfunds 29,264 Unrestricted Restricted Total funds Total Funds funds funds 2022 2022 Other monetary assets Debtors Total Fund to whieb asset belongs Current value (optional) 2022 Assets retained for the charity's own use Plant & Machinery Freehold Property Unrestricted Unrestricted Total Fund to which liability relates Amount due (optional) 2022 Liabilities PAYE Trade Creditors Accrual Unrestricted Unrestricted Unrestricted 655 219 240 500 Total 1,114 500 Trustee Date Trustee Date
Sharing of MinRStries Abroad Ireland Notes to the financial statements for the year ended 31 December 2024 Analysis of receipts and payments 1.1 Donations Unrestricted Restricted Total Total funds funds 2024 2023 28,837 28,837 28,837 28,837 11,871 11,871 Total 1.2 Grants Unrestrieted funds Restricted funds Total 2024 Total 2023 Release Grant to P & L 1,000 1,000 Total 1,000 1,000 1.3 Gross receipts from other charitable activities Unrestrieted funds Restricted funds Total 2024 Total 2023 Rental Income Fundraising Events Grants Donations and Legacies Other Charitable Receipts 1,000 28.837 7,215 1,000 28,837 7,215 11,871 Total 37,052 37,052 11,871
Sharing of Ministries Abroad Ireland Notes to the financial statements for the year ended 31 December 2024 1.4 Payments - Administration expenses Unrestricted Restricted Total Total funds funds 2024 2023 Wages & salaries Pension costs 5486 5,486 256 256 Water rates Insurance 280 280 Light & heat Repairs & Maintenance Printing, postage & stationery Advertising Telephone Computer costs Companies House Fees Accounts 197 197 212 122 34 34 13 220 220 220 Bank Charges Mission Trip Overseas Costs Mission Trip Home Costs SOMA UK Contribution 132 132 61 11,219 1,249 3,000 11219 1249 3,000 3,031 Support Bursaries Conference Costs 647 394 National Director Expenses Subscriptions Depreciation 260 Total 22,073 22,073 4,960
Sharing of Ministries Abroad Ireland Notes to the financial statements for the year ended 31 December 2024 1.5 Payments relating directly to charitable activities Unrestricted funds Restricted funds Total 2024 Total 2023 Total 1.6 Payments - Governance Costs Unrestricted Restricted Total Total funds funds 2024 2023 Governance Costs - Bank Fee's Governance Costs - Accounts Governance Costs - Legal Total
Sharing of Ministries Abroad Ireland Notes to the financial statements for the year ended 31 December 2024 2. Breakdown of restricted funds Peice Fund Grants TotAI restricted runds Total restricted funds last period Receipts Grants Receipts from fundraising activities Total receipts Payments Expenses for fundraising activities Payments relating directly to charitable activities Governance costs: Payments relating to asset and investment movements Purchases of fixed assets Purchase of investments Tolalpaymenls Net receipls / (payments) Transfers to l (from) funds Surplus / (deficit)foryear 3. Nature and purpose of funds Unrestricted Funds - are available for general purposes in accordance with the charity's purposes. Restricted Funds 4. Trustees remuneration and expenses Trustees receive no remuneration or expenses payments.
Sharing of Ministries Abroad Ireland Appendix to the financial statements for the year ended 31 December 2024 Summary of receipts and payments 3.1 Receipts 2024 2023 Grants Donations & Legacies Fundraising Activities Other Charitable Receipts 1,000 28,837 11,871 7,215 37,052 11,871 3.2 Payments Wages & salaries Pension Costs Insurance Light & heat Repairs & Maintenance Printing, postage & stationery Advertising Telephone Computer costs Support Bursaries Mission Trip Costs Overseas Mission Trip Costs Home SOMA UK Contribution Conference Costs National Director Expenses Companies House Fees Accounts Bank charges 5,486 256 280 197 212 122 647 3,031 11,219 1,249 3,000 394 260 13 220 61 34 220 132 22,073 4,960 3.3 Surplus Total for the year £14,979 £6,911
Sharing of Ministries Abroad Ireland Appendix to the financial statements for the year ended 31 December 2024 3.4 Cash funds at year end £27,553 £12,574