R¢g18tered number: 02564320 Charlty number: 1008196 OPERATION MOBILISATIC TRUSTEES. REPORT AND FIIIANCIAL STATEMENTS FOR THEYEIR ENDED 31 DECEMBER 2023 WR Partners
OPERATION MOBIUSATIOM (A Compary Llmltsd by Guarantsg) CONTENTS Page R•f•ren¢e and Admlnl8lrafjve D•lalls of thè Charity. Its TfUSt•8s and AdvlrArs Tnmtees. Report Indep•nd•Trt Audltors. Rort on th• Fln•Thclal Slat•m•nts 8lat•m•ffit ol Flnanelal A¢llvlti 3-12 13-16 17 Balanc• 8he•t 18-19 Statoment of Cash Flow* Notes to Ihg Flnanclal Statom•nts 21-41
OPERATION MOBIUSATION (A C¢)mpany Llmtted by Guarant••} REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Tru$teos Amos Falokun Chittoor George (aPinted 5 Jun8 2024) Paul Lindsay {resigned 8 December 2023) Pot8r Loo (appointed 8 March 2024) Gefftey Mey8r. Deputy ChairpeT50n Kathryn My8rs David 05t, Chairperson 1 March 2023 onwards (rgapw)Intgd 1 March 2023) Nioel Tween {appoled 8 Decemljer 2023) Mlchael Wlld$mlth Ml¢ha81 Young, Chelrper6M lo 1 March 2023 {rgslgned 8 Dernber 2023) Company roglstarnd numbor 02564320 Ch•rfty f•glsterod numb•r 1008196 Reglst•r¢d office The Qulnta Weston Rh Shropshire SYIQ 7LT Company retary Mithael Young Chlel •xecutlv• offlcer Matthew Sklrion Indépendent audltors WR Partners Chgrtered Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG Bankfjrs Natlonal Weslminst8r Bank PLC Suite 5 Prospè¢t House Belle Vue Road Shrewsbury SY3 7NR 8ollcltor8 Wrigleys 19. C¢)okrfdg8 Strnet Leeds LS2 3AG Page f
OPERATION MOBILISATION (A Cornpany Limlt•d by Guaranleo) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS (coiinNUED> FOR THE YEAR ENDED 31 DECEMBER 2023 Director of Strot•9l¢ Partn•r8hlps Chris Lawley DIMetor of P•oplo In Mlsslon Andrew Bery Dlractor of Operatlons Jaco Swart Dlrector of Cornmunity Kevln Boy¢e, resigned Cttob8r 2023. Sandi8 Davies, appointed Sepi8mb8r 2023 Dlr•ctor of moblll¥lng Mlnlgtrles Amold Mabiala, appolnled Jung 2023 Pagè 2
OPERATION MOBILISATION (A Company Llmll•d by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present thelr annual report together with the audited financial statèments of the Charity for the year from 1 January 2023 to 31 Decemb8r 2023. The Annual Report serve5 the purposes of both 8 TTUStees' Report and a Directors, Report under company law. The Tru5tee5 confirm that the Amual Report and financial StatennIS of thp Gharitable LY)mpany comply with Ihe CUTrent siatutory requirements. the requirements of the dritable companls govemtng document and the provisions of Ihe Statement of Recommended Pr8clice (SORP) gppllGable lo charltles preparlng thelr accolmts In accordance with the Financial Reporting Standard ap1¢able in Ihe UK ancs Republic of Ireland (FRS102) {effective 1 January 2019). Background Operation Mobilisation (OM) in the UK is part of an Internathal Clylstlan nSsIOn mov8m8nt also krKvwn internationally as Operation Mobilisation. This report is conCed with the operation of the UK charitable company which woth5 in partn8rshlp wilh othèr OM éntities around the world. For the sake of darily. future referen to the wlder OM organisation is tem)ed Th Worldwide" whSt thg UK charitable Mmpany IB slmpty termed Treration Mobilisalion. or'om UK". ObA Worhywlde was e5t8bllshed In 1957 and now wCS In over 120 countrles 2nfl on board the OM Shlps, Lo9os Hope and Ooulos Hope. Overall, the 8re over 4.500 w(ykerB from 128 nationalit18s, 51.20/• of whom are sarving outside Iheir passport county. There are over 3SX) from the UK working in approxlmately 50 different countries. OM UK works in the UK involving ongoing partnerships vAth churches, ag8ncles, and individuals. OM UK wants to s•e Christlans partnering with OM through the following three objectives: Inspire, Equip, Conne. The vi61on of OM UK, In collaboratlon with olher OM teams. Fidds and Areas, Is locusèd on 88elr¥J vlbranl comm1lUeS of Jesus followers (VCJF) established in the least reached aroa8 a¢ro55 the world. OW¢11$ and •¢llvltlo$ a. Poll¢le$ and obJoctlv•8 Operation Mobillsation's charitable obieclives, as set out in the Memcnndum ol Association. ar8 lo do th8 fdlovling in any parl of the world.. The advancement of education (particularly fcff the improv8ment of litefacy and vocational skills) fc* the benefit of all people: The dlrect relief of sicknes5 and povety by asFistirvJ sith or necessitQU5 persons. The advancement of health: arKI The advancement of Ihe Christian religion. The principal activlties carrled out by OM are: The advancement of the Chrfstlan falth within the UK by equipping people foT service in the UK and around the wortd: 'education and the advanc8rnent of the Christian faith": Support for personnel from the UK working with ovetseas parthers. and Carn9 out aclivities lo pr(xnote Ihe 3dvancemgnt of the Chrlstian falth, r8llef wwk. education and the 8dvancement of heallh,. 1pport for ovets8as partners": Fundralslng lo provlde grants to promote the advancement of the ChrFstian faith, relief work. education, and the advan¢ement of health: "direcl payments": and Compllancè th 18glslallvvs requiremeiits assockted wllh carrylng those Charftable purposes for the public benefit. Page 3
OPERAnoN MOBILISATION IA Company L1rnIt by Guar•nt••l TRUSTEES. REPORT (CONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2023 Oblecllv•8 and actlvftlM (¢onllnu•d) In obi8ctiv88 and planning for 8CtivitS88. tha Tntstees have given due )nSIderatIon to general guidan(£ published by th8 Charlty Commissi(m relatirvJ lo public benefit, indudlng thè guidance 'Pubii¢ benèfit: runnlng charity (PB2y. b. Strat•gles for achlavlng objectlves OM Worldwlde which includes OM UK. 18 commlttad to the fve outcomes thai are belng pursued as part of the stroiegic objectives. These arn.. - Moblllglng bolthy We encourage arKI equip Jesus follthvets to live and work in C>)mmunltles Wre the gospel is r¥)t knovm. establlshlng cr6dlblè. authentic relailonshlps In Jesus. name. - Engaglng deepty We demonslrate God's love for the whole peTsoll-rnind. body an(f spirit-through edu¢alion, medlc81 Care, vwional trah4ng. antl-traffi¢kln9 Inlliallves. disaster rellef and more. - Sowing widely We take every opportLmlty lo provide a dear gospal presentallon, uslng the rKJht chaMg18 to touth right hearts at the right time. Dl8¢lpllng radlcally We walk atongslde people wb) have shown an Snterest In word, stutylng the Blble. developyy local leaders, encouraging su8lalnabSllty and promotlng multipllcatlon. - Glvlng g•n•rou•ly We celebrate parlners wfKJ make our mission possit481 Goj works through genen¥Js finala1 gifts, enabling Jesus lollow•rs to take the gospel to the natlons. seeir¥J lives and communities transforrn8d through God's to¥e Within the UK, OpereUon Mobili5alion seeks lo work aloroside the churcj) lo mintster to thaspora communltie8. W6 work alorwJside t1 church to a(t¥ance the Christian faith among the leAsl reached eofflmunilles livlng In the UK. The three words that b8St encapsulate our strategic goals Br8: - To Inwre - Toequip . To Gonnect r long-lemi strategy is to develop ongoing Tel8tion5hips with thurches, agencies and IndNidu8ls which: - encourage and support them in their Chrislian faith; - asslsl in they education 0)8M1n9 varh)us worldwide situaticK)s. focuslng on methods of supporting the poorest. most vuknerable and expbilvd in society- - dellver wdl-prepared opportunities for volunteers to tske part in wojects transform lives and communllies: and . assist in ralslng funds lo support Ihe chitable work of OM Wotldwkl8. . SpGial inveslmont and publlc benèfit pollel•s The Board of Ttusle8$ is committed to ensuring thal all the aclivitiÈs thst are undertaken are aHgned with the defined obiects ststed in Ihe founding di>Guments of Operalion Mobilisatiort. The Trustees have taken note of the Charity Conmmission's guhlelin8s cffi both the social investment and public beneffit requir6monts. This report details whal ha8 been Undertak ov•r th• course of the year to meel th659 reqwrements. Page 4
OPERATION M081LISATION (A Company Limlted by Guaranto¢) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Stratsglo report AchlgY•mont8 and perfomian¢o a. Maln achlevomentB of the Chartty MOBILISATION MINISTRIES This year has been a slgnificani yoar as vh leunthed new proied8 and an Increasè In the numbei of P8ople Joinlng our mlnlstries. Short T•mi outrea¢h•s We facililateil 155 people to go on 20 8hort-term rnlssbn oPptUnI.eS.I1o of these want as Indlviduals and 45 wenl as part of 7 d5ff8rent groups. The top 3 destinAlon$ were Moldova (35 PBop19), Poland (28 peopl8) ar Serbia {22 people), We also receivgd 74 foreigners to P8rt8ke In our different events. We held our seeond T•enStreel UK evenl in Lethury with an atlendanc• of 80 teens from 18 diff•r8nt church85 ams the UK. We lau}ed our nÈw4ook REACH programme and had S particlpants Joln Ihe progr8mmg from 5 different counlries - France, Nelherlands, South Korea, Ukralne, Plong-Kong. We laundd the first Race Across Europe mission advenluro and hed 2 young people Joln Ihe adventure. Long Term workerg (Abroad) There are 219 8dults idenllfy OM In th8 UK as Ihelr 'sendlng offlc8' and w8 88w 15 people join our WlwIde work (including in the UK) in 2023. Twenty-fNe peoth who Sd8ntlfied OM in th8 UK as their sendlng rId serve el58wh8r8 in oth&r agenctes. A substantial part of Ihe work carrfed out by the Ptrsonnel T8am enlails dealino wlth enqulreg, applleations. orlenlation, on field and re-entry care. D18elph Maklng Mlnlstr5•5 In the UK. In line wlth Om's mlsslon slatemeftt we seek to see vlbranl communllies of Jesus followers amongst Ihe1888t- reached in the UK. Wlth the UK havlro large numbers of people groups from All ovèr the world and Commu118$ of pewles from least reached countries. theTe are many opportunities to reach Ihem wlth Ihe gospel and see communities of believers established. We find that our seasoned OM staff In the UK, many with lIural experlence overseas, can engage with angelIcal gospel churches to help them establlsh vitrKanl ¢ommunlti•s in th• UK. We have worked along$ld8 Turklsh churches Sn north London. rnultlcultural churches In Wolverhampton, south Asian bible study groups in east Londan, arKI Iranianllraql and Egypllan work In northoast London. We have also be8n involv8d In other evangellsm and disclpl84naklng mlnlslrl85 amongst rèfug888 in both the London and West MidlarKls area. lis encouragin9 to 889 growlh working alongside Ihese various groups. Page 5
OPERAnoN PAOBILISATION (A Company Limited by GuoraTrle•) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Strae¢gk r•port Icontlnued) hhv•m•nl$ and porfornianc• (¢ontInu} PARThER MINISTRIES ENGAGEMENT HUB ThB year, Ihe leam proces$ed over 95.OCrf) individual glfts orfglnallng frorn appeals, Global Magazines and support for OM staff. We wlcomed over 1,1X)O partrrs and glvé thanks for the hw numb•r of loyal supporters glving on a regular basis. Our goal Is always to ensure Ihat our partnefs, thelr ¢hur¢hes. and their families remaii Informed and engaged wilh the diverse range of <)pp)rtunllles we have avalable for Ihem to pray for, to glve to or to serve In. We held over 140 pr8sentalions al churcheg. Wo processed over 650 conlact enquiry c8rds, Plured at the many events we attended the UK. We also had a slmllar number of enquiTies directty from partners vlsllro our b511¢. We ccffitinuo to prepare for the Implemenlation of a new P8rther Relall¢>ns Management (CRM) plallorni which wll further onhance Ihe Hub's abirty to connect with partners. MARKEfiNG & COMMUNICATIONS In 2023 VR appointed a new marketiThJ agew. SomethlrKJ More Creatfve Is a vlbrant team of Chrlstlan marketlng gr8du8le$ and alrnady havè bèen infiuonllal wllh our r•viow of Om's currant marketing strategy. Ir 3 Blllion Reasons campa*3n rolled across all ow media ChanlS and will b9 SUPPOrted Y4ith new marketin9 materf81. glvlng a much Clea and dlred Cal to artlon. Over Iwelve ilwsand parthers recelved our Global rnagazlne and Heartbeat prayer gukles. and thwsands more visil our web$ile to read it onlin•. PARTNER GENEROSITY 2023 was a year of crlsls. tragadles. and emergencies to which OM leams around the world resporthd. In April the CO•fouJer of Operatlon Mobilisation. George VepNer, passed away. OM received over £250,000 in tributs gifts towards th8 rnlects clos& to Gecrtge's haart and we contlnuo to Jourw with the58 donor8. We bvwe able to respond to natural disaslers such as the 7.8-rnagnltude earthquake on the Turkeylsyria border ftoodlng In Mozambique and Malawl due lo Cydone Freddy and an earthquake In Morocco later In the year. Due to pofitical inslablllty In the Sahel region and Sudan, OM in th8 UK provided financial support to evacuatiL)n vrkerS as well as for providing necessilieg for Ihose caughl up in Ihese situatk)ns. OM UK was able to fmancSally asslst national V•vrkerB In developing countries who fflnd it difficull to ral6e support. In 2023 we also 8s$i$l8d with the costs of two key conferences in deveknping counliies. Followkng sl9nificant interest and giving tThvards an additi"on81 vessel for the OM Ships ministry - th8 Doubs Hope. completed a period ol r&ft¥blshment and entered ser¥ice In May. 2023. Page 6
OPERATION MOBILISATION (A Company Llmlted by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Str4t¢glc report Icontlnu•d) A¢hlev•m•nts and porlorn7on¢• (¢onllnuod) CARING FOR OUR STAFF As an organisation. OM endeavours to support QM rkerS in the UK Ihrough encouragemant, pastoral support. fèllowship and leaming and development. Whether in smaller groups. or as a whde team. regular devotional sessions and prayer Ilmes enabled loam members lo svpw>rt one arK)ther and to pray lor people and ministries around the world. Sonie taam mombers have had an Lyportunity to wthance iheir learning. 8ith8r onlln8 or In person, Ihrough various cours88. Our fi81d-wlde weekend treat in October 2023 provided an opportunlly for around 120 people lo enjoy fun and f8llowship tcgelh8r as w611 as receive spiritual inpul Ihrough the teaching of Undsay Brown. b. Fundralslng aGtlvltles and kncome generatlon OM in the UK raises funds through mailings, appeals, indivldual support ralsing and by approachlng tru8ts. We hold consent or hav• legltlmate Interest to c¢)ntact Ihe parties Ihat rec8iV8 our m8ilings and alm to compty fully wtth GDPR requrements. As part of our ¢omplSance WIU) GDPR we ensure that peopl8 only receive Ihe infomwlion they want. If a partner r8qU8St8 their data to b6 deleted, or rf a partner 18 8uspectod of boing vulnerable, OM enSuS th8t partn•r does not rec¢lve solicitations for fvnds. Th¢y would then 0Y r8ceiva informatlon and updates al)out areas or projècts they havè requested. Our mlssfonarles approach thelr own frlends, famllles arKI churches to raise financial 5UPPOrt. We also apply to trusts lo support specfflc projecls. All people servin9 with OM for more Ihan a month recelve traintng on how lo rase fundg lor their migsion work 89 part of Ihe joining 8nd orlentatlon proc8ss. They are encouraged lo have an Online fundraising pa98. the contenl for which is checked and monitored by our fundraising and markeling teams. Once they ar6 8grving with us. they are requested to send copies of thelr newsletlers and updale$ to our personnel departmenl who can mon5tor any Infomialion about thèlr fundraislng requests. Fundraising for the work of OM in other countrles is ¢effied oul thrwgh OM In th8 UK and serKI out newsletkr6 to donors in the UK who support work overseas. We therefore monitor communications for both the solicitation of funds and reporting bad( on the use of funds. During the year. we dld not use exiemal professknrkql fundraisers. nor have ever tjsed lists ol conta(*5 supplled by thlrd partles. We alm to comply wrth Ihe Fundraising RegvlaloT'S Code of Fundraislng Practic8. During 2023. we received no GT)mplaints regarding our fundraising praclices. OM UK sends a maximum of six mailing5 to any individual year unless they have elected to SUbscfi to specific mailings. As parl of our data tentiOn policy, regularfy r8VièW th8 data hdd and rèmovè those paflies who longer meel the criteria for holding u1r details. Page 7
OPERATION MOBIUSATION (A Comp•ny LIMIt by Guaranto•) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Slrategk r•wi l¢ontlnued) Achlev•m•nts and porforniance (contlnuod) Inve8tm•nt pollcy and rIornIanca Thé Tmstees have powers to invest surplus funds In Investments, securllles and propety 4$ they think frt. subject to the provlslon8 of any relevant legislatlon. This pollcy Is rovlfjwod pgrlodlcally by the Board uslng WOfesnaI advice where appropriate. Flnancial rnvl . Golng ¢onGern After fflaklNJ approprlate enqulrles, Ihe Truste8s havo a feasonable expectatlon Ihat ihe Chaflty has &Y8quale resources to continue in operational existen far foreseeabl¢ future. For this reason, they conl#iue lo athpt the con¢em basls in preparlng the financial stalemenl8. Furlher det8118 regafding the adoplk>n of tha golry concam basls can be four In the account pollclas. b. Resems pollcy The reserve pollcy states that a Free Re8erve equlvalent of between three and 8lx monlhs operatl eypenditure be kept. The average rnonthly operalvig eXPditUTe in 2023 was three hundred and twenty thousand pounds. Based on thi8 flgure OM UK18 ¢urYenlty meellng its ie8eNe policy. Th18 16 required to 8llow for Iho uncertain limlng of Income Iogether with Ihg size aThJ complexity of the oiganisatiotb. OM UK Cufrenlly hokls adequate re8erve8 88 per Ihis poli Totsl Funds 140 Réstri¢ted Funds 571750 Unfestricted Funds DeSIated Undesignated Reserve8 £2,769,478 £1.799.754 Free Res¢rv¢8 UrKleslgnaled ReseNes mlnus LlnrestdGled Investments £1,799,754 £470.275 Page 8
OPERATION MOBILI8ATION IA Comp•ny Llmited by Guarantefj TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Prln¢lpal rl$k8 and uncertalntl•• Management has a Risk Management Stralegy that 18 regularfy reviewed. Some of Ihe potential risk$ that are assessed In¢de tho followlng., Posslblo Lylllcal incidents Possible critical system or equipment farfures Potential negative changes in operating wKome and expenditure Failure to comply with legislative as well as operational requirements Ongo#)g global Instabillty Poss¢ble lack of resource requirements induding key staff d. Principal f14ndlng Our princrpal source of funding is gifts and donations from individuals, churth&s and organi$atK)ns. {96Yo) Structure. gowrnane• and management . Con•titutlon Op8ratSon Mobllisailon is reglstered as a charftable company limlted by guarantee and is govemed by iv$ Memoiandum a1 Artic4es of Assoriation. b. Méthods of appolntm•nt or •lt¢tlon of Trust0• The management of th8 Charity Is the responsibllty of the Trustees tho are elocled and cmpted undèr the terms of the MerrK>rarHlurn and Altides of Association. c. Organlsatlonal 6tructure and d•¢lslon4naklng polleles The 8oard of Truste8s Is responslble for tIMat6 strataglc declslons. havlng regard to International Pollcy under the Jolnl Minlstrles Agreement (JMA) (see page 9) and advic• from senior managern8nt. As charfty Tfustees. they receive no remuneration for their services. All the Members of the Board are non-executive. The Board normally meets four limes a year and is asststsd by a Fffnce and General Purposes Committee consisting of tsvo Board members (one of whom is Ch8irman of th8 Commlttee). tha Chi8f Executivè Officér (also known as the UK Director) and memb6TS of Ihe UK Exewtive comprising kèy rn8nag8ment pgrsonnel. The Tru$le85 approv8 thé strategic goals set for each year. These goals are reviewed and assessed regularfy by the UK Executiv8 and Tnjstees as part of the pr5S of setting goals for Ihe next aTrJ subsequenl years. Day to day opeTalional decisions are laken by ihe UK Execullve headed by Ihe CEO, Matthew Sklrton. Operation Mobilisation operates annual planniw and budgeiing systems. The ann(41 str*egy stalemenl 15 apptovtd alortg with th8 consequential budgèl by tha BcMrd of Trustses. Performance a9ainst the strategic goals is reviewed by the Board. including any Proposed changes to the strategic goals and any major capital investments. There is a flnancial reportirKJ syslem which Compares results to the goals. wlth quarterfy repc¥ts to Ihe Board. Pa9
OPERATION MOBIUSATION (A Cornpany Llmltsd by GuarantO0) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Structum. governance and management Iconllnued) d. Policies adcpt•d for the Indu¢tlon aftd tralnlng ol Trugt• Potential new Trusle8s are invited to attend s8v8ral Thetings before any decislon Is taken on Ih6lr appoinlment and x provided with suitable materi81 to give them background to the organisation. This bnclud&s the Mem¢xandurn and Articles of Assoclation. Tru5tee5 a150 notif of developments in the tharty sector by th8 and General Purposes Commlttee. . Pay pollcy for key managorn•nl porsonn•l The Trusiees ¢SkIer the Board of TnJst8es, and the Executive Leadership tearn (as detailed on page 1) comwlse Ihe key rnanAgÉm8nt pÉrsonnél ol the charlty In charge of directin9 and controlling. runnirYJ and operatlng Ihe d)arltable company on a day-to-day basls. All Trustèés givè of thgir time froely and no trustee received r8muneraUon in the year. Delails of Truslees, expenses and related party transactions are disclosed in notes 12 aKI 27 tr) the accounts. The pay of tha senior slaff IB reviffwed annually by Ihe Board. OM UK strives lowards benchmarking pay agalnst other sirni18r mlsslon organisation8. f. R•lated party rnlatlonshlpj The charflable company share3 the core valu8s of an int8rnational partnership oparallng In over 110 cwntrles worldwide, also known 85 'OperaOn Moblllsatlon.. It Is a slgnatory to a °Jolnt MlnSstrles Agreement" (JMA) which sets oul the ways in which Ihe various eonslilu8nl parts sh811 work logether. In this reporL this Intemalional pathershlp. Is called 'Operatiorb Mobilisation Worldwide. (or "OM Worfdwid6'1 and the charftable company is called -operation MotAll$atlon' or'om UIC. The charltable company its 8 m6mb&T of the Evangelrxl Allance and Global Connecllons. g. Flnan¢lal management The Trusle8s have assessed the major rbsks to vthich Ihe Charity is exposed. in particular those relaled to Ihe operations and finances of the Charbty, and are satisfied that systems and proMdures are in pl8¢e tt) miligate exposu to the major risks. h. Trust••s' Ind•mnltl•s Trusteg members are covered under OM VK'S general Insuranca policy. Page 10
I)PERATION MOBIUSATION (A Company Llmlted by Guarantso) TRU8TEE8' REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Looklng ahead to the future 2023 has been a year In whlch we began lo resh3p8 our connectlcm wrfth partner8 and potenllal partne The Three Billion Reasons, tour Is an Innovative new approach lo connectlng th UK Churches. Further development of this programme in Ihe comlng y&qr wll sè8 this iour c£)nn8ct with num8rou8 cknrch8s by sprfng 2025. We want to build on the enTr)ur8giry In partlclpath)n In our Global Prayer meetlng8 In dlfferent parts of the UK. In 21)24. we plan to double the number af participants g8tting involved in inltiatives such as our Reech tralnlng programme, Race across Europe and Teen Street. Teen Streel 2024 wlll wn in partnership with Capernwray Bible S¢hool. With th8 planrt8d appointment of a major 9ift manager. we are anticipating a significant increase in glft Inctxne io fund the many ministrie$ of OM in bolh the UK and overseas. Following 60rrp difficullies, we plan lo comF4ete the transltlon to a new CRM In order trj better on9ag8 wlth our valued parlners, At every level. bvanl 10 8ee more people engaging with our mission, ether this 15 through govemanckn. 8eNlng wlth OM In the UK or overseas or jolning one ol our short tami prtyrammès. StAtement of Tru8t?u' re8pon8lbllllles The Trustees (who arè also the dlrectors of the Charfty for Ihe pJrposes of company law) are respon8ble f preparing Ihe Trustees, Report including the Strateglc Report and the ffinan¢i81 statements In aOrdanC0 wilh applicable law and United Kingdom Accounting StarKJards (Unlled Kingdom Generally Accepted Accounting Practicel. Company law requlros the Tru¥te•s to pr•p8re financlal stalem8rn1s for each Ilnanclal . Under company18w. tt Truste must not approve tho financial stat8ments unl8ss thèy ar8 satisfied thal they give a true and falr view of Ihe slate of affairs of the Charity and ol its incoming resources and application of resources, Includlng Its In¢omè and expèndltuM, for that period. In preparfng these flnanclal $t8lement8, the Trustees are requlred to; select sultable accounting pollcles and Ihen apply them cornslstenty, obserye the methods and prfnclples of Charftles SORP (FRS 1 Ir2>', make judgments and acCounn9 estimates that are ieasonable and prudent. slate wh&ther applicable UK Accounting Standards (FRS 1021 have been follow9d, subpct to any material dapartures dlsclosed and explalned In Ihe finandal statements. prepare the financial stat8ments on the going con¢em basis unl&ss it is In8ppropAate to presume thal the Charity will continue in busines8. The Tfustees are responsible for keeplng adequate accounting records that ar8 sufficlent lo $lW and explain the Charftls transactions and disclose wlh reasonable accuracy at any tlme th& financial FK)silion of the Charity and enable them lo ensure that the flnanclal stalements comply with the Companles Act 20fJ6. TW arè also re$pon5itrl& for safeguarding the assets of Ihe Charity and hence for taking reanable steps for th? prevenilon and detectlon of fraud and other Irragularities. Page 11
OPERATION MOBILISATION (A Company Llmll•d by Guarantsa) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Dlxlosurn of inforrnatlon to audltor8 Each of the persons who are Trustaes al Ihe time when th18 Trustees, Report18 approved has confwmed that: so far as thal Trustee Is aware. there Is rK• r•lèvant audll Infomiation of ¥thlch the charltys aud118 aro unaware., and that Trustea has tak•n all the steps Ihal wght to have been taken as a TnEsts8 in order to b8 aware of any relevant audit infomiatlon and to eslab115h Ihal the charity's audilors 8re aware of Ihat Informatlon. Audltors The audit(Ks, WR Partners, have indicated Ih8lr lIlInneSS to ntinue in olTice, The designaled TNslees *ill propose a motion reappoinling the audilLVS at a meetlng of the Trustee8. Approved by <)rder of the members of the board of Tw8tee$ and slgned on Ihelr behalf by: (Chair of Trustee8) /F/9/2 4 Page 12
OPERATION MOBIUSATION (A Company Llmlted by Guarantse) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF OPERATION MOBILISATION Opinion We have audited the financlal stÈlements of Operalion Mobilisalion (the 'charity') for the year ended 31 D•canbar 2023 [Ch comprfge the Statement of Financial A¢tivlties, lh8 B818nce Sheet. the Statement of Cash Fkws and the related noles, Including a summary of significant accounting polld85. The financial reportlng framework thal has been appli in thtir pparatIon is applicable law and United Kngdom Aceknunlng Standards, Including Financial Reporting Stand8rd 102 The Flnanclal Reporting Standard applKatAe in Ihe UK and RepubliG DI Irelan(r (United Kingdom Generally Accepted Accountlng Practlcel. In our opinion the financi81 statements: give a true and fair vlew of the state of the charltat4e companvs affalrs as at 31 December 2023 end ol its Irteoming rasourcas and application of re8LxArce8. includir¥ its income and 8xpendliure for Ihe year have be8n properly pr8par8d In acc(Kdane8 with Unil•1 Kingdom Generally Accepted Aexounting Pracllce,, and have been prepared In acc*)rdance wlth ihe raquirements of the Compani08 Act 2008. Basls for oplnlon W• conducted cwr Èudil In awA)rd8nce with IntematK)rI Standards cm Audltlng {UK) (ISAS (UK)) and applicable law. Our re5por4ibilities under th08e stsndards are fvrther descrlbed in Ihe Auditors, responsibikli8S for Ihe audlt of the financial ¥latementS section of our reFQrt. We are Independent of the charitable company In aecfjrdance wlth the ethicol requirtmtnts thal ere relevant to our audit of the financial 8tal8menls In lh8 United Kingd¢)m. including the Finanoal Reportlng Counc41's Ethical Slandard, and we have fuffiHed our olher ethlcal respon$ibililes in accordancè with thès¢ rèquiréments, wè believe thal the audit evidence wo h8ve oblalned Is suffi¢lent and appropriate lo provide a basis for our opinion. Concluslons relatlng io golng concern In alitIng the finanGlal statsments. have concluded Ihal thg TrustO88' U89 of Ihe going Conrn basis of accountlng In the preparatlon of the financlal slatements is appropriale. Bas8d on the work we have performed. we Pove rot Identllbd any materlal uncer181ntles rel8tlng to evènts OT conditions that. indivldually or coll8Cttvely, may cast slgnificant doubt on thè charltable company's ability to contlnue as a golng concem for a period of at least twelve months from when the fmancial statements are authoris8d for Issue, Our responslbllltles 8nd the responslbllities of thè TrLL%te85 wrfth resped to going concem are de5Nlb8d In the relovartt sections of this repDrt. Page 13
OPERATION MOBIUSATION (A Company Llm#ed by Guaran¢ee> INDEPENDENT AUDITORS, REPORT TO ThE MEM8ERS OF OPERATION MOBILISATION ICONTINUED) Oth8r Infomiatlon Thè other Informatlon comprises the Infomiatlon Induded the Annval Report olher than tho fina1 statements arO our Audilors, Report thereon. The Trustees are regponsible for the other Infomialon contaln8d tythin the Annual Report. Our opinion Dn the financial stat¢m¢nis doès ¢over the other in1om1at and. exGept to the extent othenNise expllcllly steled in our reporL do not express any fom of assur ¢oncbJslon thereon. Our responslblllty Is lo read the other information and, in doing so, conslder v1ther Ihe othei Inknmation is materially inconsistent wllh Ihe financ181 statements or our knowledge obtalned In tha course of the 8udlt, or other1$• appèars to be materfally mlsstaled. If we Identlfy such materlal Inconslslendes or apparent rnaterial rnissiatements. are requlred to detemilne whether thls gfves rlse to a rnalerfal sststement in the financial statements thamselves. If. ba$8d on the WO have pèrformed, ccffidudo thal Ihere Is a material misstatement ol this other inf0m1aQn, we are required to report that fad. We have nothlng to report In thls regard. Oplnlon on other mattérs pr•8¢rlb•d by th• Companl•s A¢1 2006 In our opinion, based on the work undertaken in tho course ol Ihe audit: the infomalion glven in the Twstses, Report Includlng Ihe Strateglc Report for the financial year for whlch the financlal statem8nts are prepared is consistent wlth the financial statements, Ihe TNst•e8' Report and the Strate Report have been prepared in accordance wlth appllcable legal quirements. Mattér• On whl¢h w• aro r•qulrod to rnport by exceptloTr In the Ilght of our knedge and understandlng of the charitable company and Its envlronment obtalned In the of lh& audlt. ¥4 have not identifiad mat8rfal mlsstatements in the Truste85' Report induding the Stralegic Report. Wo have nothing io report in resp8Ct of Ihe followlng matters in relation to which Cornpanies Act 2006 requres us to report to youll, in our opinion: adequate accounting records have not been kepL or rrn5 adequat8 for our audit have not b88n recefved from branches not vislted by us; Of tha fknanclal statements are not in agreement with the accounting record5 and retums; or certain disdosure$ of Trustees, remuneratlon speclfied by law are not rnadè: or we have not rec8iv8d all tha information and explanalions we require for our audit. Page 14
OPERATION MOBIUSATION (A Company LiMlt•d by Guarantse) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF OPERATION MOBILISATIOM (CONTINUED) Responslbllltl•$ of tni$tsos As explaSned more fully in the Trus188s' R8sponslbllltles Ststement. th8 Trustees (who are al tt)e director5 of the d)aritable company for th6 purposes of Company law) are responsible foi the preparation of the financial statements and for being satisfied Ihal they give a true and fair view. and for su¢h intemal control as the Truslees determlne Is necassary to enable the prepatalion ol financial statements that are free from materi81 misstatement. wh6ther due lo fraud or ernr. In preparing the financial statements Ih8 TNslees are r8sponsibl8 for a$sSIng the chariiable c4)mpanls abilily lo continue as a going concem, disclosing. as applicable, matters related to gn concern and using Ihe going eoncem bagls of accounlng unless Ihe Trustees ellher Intend to liquidate the charitable cornpany or to ease operations, or have no realistiG alt¢malive but to do so. Audltors. rospoTh8lbllltles for tho audll of ¢h• Ilnanclal •tatemonts Our objectiV&8 are to obtaln ffjasonable assurance aljout vthether Ihe financlal statemenls as a whole 8re free from material mlsstatèment, vthether due lo fraud or error, ano to issue an Audltor8' R&port that indudes our opinion. Rea60nabl8 a&surar 1$ a high lev81 of a$swance, but is not a guarantee that an atsdlt conducled in 8ccordance wSlh ISAS (UK) will always deled a material misslalement vthen It exists. Misstatements arfse from fraud or error and are considered material if. individually or In fv aggrggale. th•y could reasonably be expected to influenca the economSo declsions ol users taken on the basls of thesg financial statements. IrregularS1ies. Including fraud, are ins1ance5 of non.complianc8 wtth laws and regulations. We design procedures in line with our re8ponslbllltie$, outllned above, to detect material rnisstatements in resped of Irregularftles. Includlng fraud. The exlent to wllich our procedures are capable of delectlng IrreguFarllies, IrUding fraud is detailed below.. The audit team oblained an urKlerslanding of the lègal and regulatory frameworks that are appllcable to the ChaiitablÉ Company and determined that most significanl are those that relate to th8 r8porting framework (FRS102 and th8 CuThpani8s Acl 2006). the relevant tsx Complianc8 Regulations, employment law, Healtri andsafety Regulations and the EU General Data Protection Regulati( (GDPR). We Lmder5toL%J how Ihe Charitable Company is corylying with lh frameworks by makiw enqulries of Mareml and those r8spJ)sible for legal and compliance pdUleS, We also reviewed board minutes toldentify any recorded inslances of lThegularlty or non compliance that might hav8 a material impacl on Ihestatements, We assessed the su5ceptibllity of the Charitable Companys financial staternents lo material mlsstatemenlg. including how fraud mlght occur by meeling with key management to understand where they consld8red th8r8 Nwas susceptibilily to fraud. Based on our understanding our procedures involved enquiries ol managemenl and Ihose tharged with governance, manual joumal enlry. cashbook reviews for large and unusual items and the ¢halleng6 of slgnlficanl accounting estimates used in preparfftg the financlal Statements. Page 15
OPERATION M081USATION (A Company Limlted by Guaranlee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF OPERATION MOBILISATION {coNnNUED) B•¢auw of the Inherenl Ilmltatlons of audlt. there Is a ii8k that 11 not detect all Irregularltles, including those leading io a materlal mlssialement In the financlal statements or non-compliance wllh regulallon. Th18 sk increases the more that compllanc8 with 8 law or regulalFon is removed from Ihe events and Iran8actions reflected in the financtal statements. as we 111 be lass likely to becoma awaro of instarbces Df nonwcompliance. The rlsk Is a180 gre81ar regardhg Irregularilies o¢¢urmg due to fraud rather Ihan error. as fraud Invelvè$ Int•ntk*nal C4)ncaalment, forgery, colluth, omlsslon or m18represeniat1. A further descrlptlon of our responsibiliti6s for the audil of the finanaal statements 1$ local•d on the Financ4al ReIft9 Council's websile at.. This d8SCXiPtion foirns part of our Aud61ors' Report. Use of our rnport Th15 report is made solely to the charitable company's rnombers. as a body. In accordance wilh Chapter 3 of Part 16 01 the Companles Act 2006. OUT audii Y•vrf( has been undertakan so that wo mlghl state to the tharitable companls members those matters are requlrod 10 slatè io them in an Audilors, Report and for no othw purpose. To the fullest exieni perniltted by law, do not accept or as8ume respon5ibillty to anyone other than ihe eharitablo cornpany and its member8. as a body. for our audil work, for thls report, or lor the opinlons have formed. Andr•w Malp BA FCA {8gnlor $talutory audllor) for and on behalf of: WR Partnèr8 Chartered A¢¢ountants Statutory Auth'lors Belmont Hou¥e Shrewsbury Business Park Shrewsbury Shropthtre SY2 6LG Date: Page 16
OPERATION MOBIUSATION (A Company Limlied by Guaranl•o) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUND FOR THE YEAR ENDED 31 DECEMBER 2023 As rnsfaled Restrlctod Unr•strlct•d lufftds fund8 2023 Total fund• 2023 funds 2022 Not• Income from: Donaon$ and legacles Charilable activities Invéslments 5,890,825 61,157 72,649 703,039 $2,317 9,463.474 764,196 $2,347 11.029, 756 945. 768 23.747 Total incomé 5,952,012 4,328.005 10,280.017 11,999,271 Expendliur• on: Raising funds Charilable actmtles 439A84 3.888.014 439.484 9.903.048 414.994 11,298.401 6,015.034 Total expeThdlture 6,015.034 4,327,498 10,342,532 11,713.395 Net (•xpondltur•)nncom• b•ft*r• n•t galTrs11lo$s•$l on Investmènts Nel gai)sl(losses> on inv6slments (63,022) 507 2,933 162,515> 2,933 285.876 (7,186) Nel (expendlturg)lincomo Transfers between fvnds (63,022) (185.291) 159,582> 278,690 20 185,291 Net movement irt funds (248.313> 188,731 (59,582) 278,690 Reconclllatlon of fund8: Total funds brought forward Nel movement In funds 820.064 1248.313) 4.380.500 188,731 5,200.564 (59,$82) 4.927,874 278,690 Total funds ¢arrled fomard 571,751 4,669,2J1 5,140,982 5.200,564 Tho Statement of FinanGial AGtlvities Incbdes all galns and losses wognised in the year. The notes on pages 21 to 41 form part ol these finandal stalemenls. Page 17
OPERATION MOBILISATION (A Company Llmft•d by Guaran1••) REGISTERED NUMBER: 02564320 BALANCE SHEET AS AT 31 DECHIBER 2023 2022 Flx•d a38•ts Tangble asset$ Invoslments Invéstrnenl property 13 15 14 2,401810 20,275 450,000 2,496,326 17,342 2,877,085 Z963,668 Currnnt assets 16 17 295 617,234 2,283.345 18,179 359.185 2.344,851 Debtors Cash at barth and In hand 2.900.874 2.722.215 CdItOrS. affunts falling due wilhin one 18 {409,640) (250.7081 Net ¢urrgn¢ 2.491,234 2.471.507 Tolal assets less curr•nt Ilabllltl•• 5,368,319 5.435.175 Credliors.. amounts fa#ing due after more than one year 19 P27.337) (234.611) Total n•t as$•ls 5.140,982 &200.564 Page 18
OPERATION MOBIUSATION (A Company Llmlted by Guarantso) REGISTERED NUMBER: 02564320 BALANCE SHEET {coKfiNUED) AS AT 31 DECEMBER 2023 2023 2022 Chwlty funth Rtistricted funds Unrestrlthd funds 20 20 571.751 4.569.231 4.380.51XI Tolal funds 5.140.982 5.200,564 The Trustees acknovledge thelr responsbllftles foT comptylng wlth the requlrements of Ihe Act wlth respect to accoun1jJ records and preparation of financlal slatements. The flnanclal statements were approved and a(rtl)orlsed for Issue by the Trustees and slgn8d on thelr behalf by: Dav (Chair of Trustses) */f/2< The noles on pages 2110 41 fomi part ol these financial sfalement8. Page 19
OPERATK)N MOBLISATION IA Company Llmtted by Garano) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash 110 from operatlng aetlvSti Net cth used n operating activiti88 (69,5371 648,355 Cash Ilows from investing Hclivilies Dividends, intwests and rents from investments Purchase of tangible fixed assets 34,347 (26,3161 5, 747 (53.868) Nel cash provlded byl{us•d In} Inv••tlng actlvltles 8,031 148,1211 Ca•h flowg from financing actlvltle• Nol cash provlded by flnanclng actlvltles Change Sn rash and cash equlvalonts in Ihe year Cash 8nd cash equivalents at Iha beginning of tho yèar 161,506) 2.344,851 600234 1.744.617 Cash and c•sh •qulvalonts at th• •nd of th• year 23 2283.345 2.344.851 The r¥3te8 on pages 21 to 41 form part of those financkql Statements Page 20
OPERATION MOBILISATION (A Company Limited by Guarnntse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2Q23 General Informallon Operntlon Mobilisatbn Is a Charitable C4)rnpany limited by Guaranté& and vd& incorporatad on 12 F8bruary 1992. The company 15 registered in Ennd and Wales. The obioctives of the Charity ar8 lisled on page 2 of Ihe annual report. Accountlng pollcles 11 Basls of preparakn ol Ilnanclal statamonts The financial staiem8nts h8v8 be8n préparéd In accordance wlh the Charilies SORP (FRS 11Y2) - AccountiwJ Rwrting by Charilies: Statement of Recommended PraGtlc aprAtcablo to chaithes preparing their accounts in accordance wilh the Pinancial Reporting Siandard applkable In th8 UK and Republic of Ireland (FRS 102) (effecllve 1 Janu 2019), th6 Financial Reportin9 Standard applicable in the UK and Republlc of keland (FRS 102) and the Companie8 Acl 2006. Operallon Mobllisgtw)n meels Ihg definition of a wblic benefrt •ntity under FRS 101 Assets and Ilabilities are Inlb'ally recognised al historical c051 or transactn value unle88 olhepmse slated in the relevanl accounling policy. The financial stalements have been prepared In Pound SterlirKJ as this is the currency of the pnmary economlc envlronmenl In whlch the Charity operates. 22 Gdng ¢oiicern The Truslees have reviewe(l the Charitjls fanCIal posili¢)n and are en¢(raged by the onping levèl of glvkng and the Inwrovement In the free reserves poslllon. With the recognltlon of the Charws not current asset position, the dlr8ctors have confkknce thal the Charfty has adequale reswrces to remaln in opef•i(fft for at least the next twelve months and ¢an conlinve to adopl the golng concem basls of ac¢ountiNJ In preparlrKJ th8 flnandal statements. 2.3 Incom• All Inme Is Mcognised onc8 thè Charity has 8ntltlement lo lh8 income. it Is probable that the income will be received and the amouni of incom8 r8C8ivabl8 can be measured reliably. The r8cognitlon of Income from18gades Is dependent on establishing entitlement, Ihe probabilty of re(xlpt and the abilily to estima18 With sufficient acTrJracy the amounl receivable. Evidence of entitlement to a legacy exists the Charity has sufficiènt ovid8n that a gift has been left to them (through kno7+Ied98 of Ihe exisknce of a valid will and thg death of the benefactor) and the executor is salisfied that the property in quesliji wll not be required to satisfy clalms in lh8 8Stat8. Receipl of a legacy must be recognised when it is probable Ihat it will be received and Ihe fair value of the amount recAivable, which will generally be the expected amount to be distributed to the Charfty. ¢4n be reliably mèasured. Gifts in klnd donated for distribulKm are Included at an estimated valuation. provNJed the value is quantirb1e. Income tax recoverable In relatlon to Inveslment Sncome is iecognised at the tlme the Investrnent in(x>me is retsivable. Page 21
OPERATION MOBILISATION (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 Accountlng pollcl•$ {contlnuod 2A Exp•ndlture Expenditure is recognised once there is a legal or nStrUGtive obligation to tran5feT econ(*mic benefit to 3 third party. it is probable that a transfer of economic benefits will be required in selllemafflt and the amount of tho obligation can be measured reliably. Expenditure Is daSsffjd by 8¢tlvlty. The ttists of éach aetlvlty aré made up of tha total of diiect costs and shared ca)sts. Including supp)rt C051s involv8d in undertaking eadi activlty. Direct costs attrbi ulable to a singla aciiviiy are allocated directly to Ihat activity. Shared costs whiGh contribute to more than one activity and supwt which are not attributable to a single actlvlty are apportioned itheen Ihose activities on a basls Gon$istent wllh lh8 us8 of re80urco8. Central staff costs are allocated on Ihe basls of tlme spent, and deprec¥ation charges allocated on the porknon of the assef s use. EXpdIlure on raising funds Includ all expe11(ure 1Thrred by the Charity to ralse funds lor tts charitable purposes and includ8S (X)st Incurred in motivating individual path8r8 to don81è to the work ol Operatlon Mobillsatkn wort0. Expandllure on chadtable acllvltles Is IncuTred on dlrth undertaking Ihe aclivities whth further the Charitys objectives. and comprise5 the folknviro: . Dlre¢t Payment8 - This represerrts amounts gNen to Bwport Om's work worldwide by (a) UK supporters and Ib) OM from its (ywn resou$. . Support for Oversoas Partners - The amount detailed here Includos Ihv cost to the UK Nalional Office of support for UK personnel (Including those overseas) In the areas of personnel, finance etc. It also includes expenditure intJJrred irb education and infomiing SpporterS of Om's work wDrldwld8 and the general public on the woth of the tharity. It Sndudès such Ihlngs as regular prayer lette project Inlorfflalion sheets. advertisro and the costs associated wlth developing and implementing these. Educatlon and the Advancement of the Chrfsllan Fallh - Thls r8pres8nts expendSture by our training bases in Birmingham and ¢)n evaryelisllc a1 Iralning eclivrtie¥ wlthin Ihe UK. All expendllure Is InGluslve of Irre¢Verable VAT. 2.5 Intsr•Bt receivabl• Interost on fvnds held on JJ8posIt h hduded when reGelvable and the amount can be measured rellably by the Charfty: Ihls Is rbormally upon notlfi¢atlon ol the Interèst paid or pardbl8 by Ih8 insillutlon with whom the funds are deposited. r2
OPERATION MOBILISATION IA Company LIMIt by Guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounling poll¢lo5 (Contlnued) 2.6 For8lgn cuffancles Mon8tsry assels and Ilabilities denominatoil in ft)reign currencies ato tranal into storling al rates of exchange ruliro at Ihe 18porting dat8. Transactlcrt8 In forelgn currencies are translated into sterfing at the rat8 njllng for the month of the tran&xtion. These rates (provided by Iha International Finance Office) are used in Oporation Mobilisati worldwide. Exchange gains and10sses racognised In the Slatement of Flnan¢l81 Actliitiès. 2.7 Taxatlon The Charity Is ¢onsldered lo pass the tests sel out In Paragraph 1 Schedule 6 of Ihe Fnce Acl 2010 and th8refore it meats the definition of a charitable rnPany for UK COTporatlon tax purposes. Accordingly. the Charity Is polentially exempl ffom taxatlon In respect of Income or c8Pital galns receSved wllhln ¢ate9orfes ¢ov8red by Chapter 3 Part 1101 the Corporntlon Tax Act 2010 or Seclion 256 of the Taxalion of Chargeable Gains Ad 1992. to Ihe extent that such income or galn$ are applièd èxclusiv8ty to charllable purposes. 2.8 Tanglble fixed ass•ts and dépré¢iation Tangible fixed assgts CDstirwJ £300 or more 8ffj ¢apitalised and rec<3nised when future economlc beJffits are probable and the cost or valua of ihe ass8t can m8asur8d raliably. Tangible fLxed ass8tS ¥8 initially reColsed at cost, After recognltim, under Ihe $t model, langible fNed assets arè m8asured at cost less accumulat8cl depreclation and any accumulated ImpaiTmenl losses, All costs ncurred to bring a tangible fixèd asset into its intended working onthlion should be included in Ihe m?osurement of cost. Depreciation 1$ tharged so to allocata the cost of tangible fed assets less Ih8lr residual valu8 over their ests'mated useful lives. 415irig Ihe slraighl-line method. Depre(ialion is provided on thg following ba$is: Freehold propety Lon*temi leasehold propety A on purchases, 6.7Yts on ren(wations 3% 110QA on renovatlons,18asè purchases written off over the remainder of lh8 lease- rnaxlmun 50 yea 20% - 50% 33% for computer equipment. 20% for the rwnaind8r Molor vehid&s Fixlures and fftllngs Page 23
OPERATION MOBIUSATIO (A Company LSmlt•d by GuaraTrlèe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng IlIcleS (Continuedl 2.9 Investm•nts FIx•d asset Inveslments are a foTm of flnanclal Instrument and ar8 Inltlally re¢ognlsod et th•lr transaction Lt and subsequently measured al felr value at the Balance Sheel date, unless the value cannot be mea5ure¢l reliably In whSch case11 is measured at s1 less impairmenl. Invastment galn8 8nd108888, wh8lh8r reallsed or unraallsed, are u)mbined and pres8nted as 'Goinsl(Loss6s} on investments. in the Statement of Financial Activities. lfiveslments comprfse Investment propety, donated shares and longer tem cash deposlts, Cash deposits are in¢luded al the year-end balance in the relevant bank accr)unt. Investment woperty is values usln9 a dlrectors, estlmale of the mwkel value, supported by professional valuatlons as approprlate. Shares are reviewed annualy thrw Mllne stock exchange vbsites. 2.10 sto¢ks Slockg ara valugd 01 the lower of cost ar Nat reallsabla valu8 after maklng du• a1l)ware f obsolete and slow4nDving slocks. 111 Debtors Trade and other debtors are recognisod at tha seitlement amounl after any trade discount off8r8d. Prepayments are valued at th& amount prepaid nel of any trade discounts due. Z12 Cash al bank and In hand Cosh Bt bank and In hand irKludes cash sfrKJrt-terni highly liquid investments wllh 8 strJrt rnaturity of three months OT I5 from the date of acwisition or opening DI Ihe deposil ty similar account. 2.13 Llabllltl•$ and provlslons LlablllUos aro rocognlsed wh8n Ihèré is an obli9811 at Ihè Balanc8 She81 date as a resvll of a p88t event, It is probabl8 that a transfer of economic benefit will be required in sewement, and the amount of the settlem•nl eAn be estimated rellably. Liabilities are recognised at the am(MJnt th the Charfty anticlpales il will pay to settle the debt or the amounl it has re¢ebved as advah¢èd paymefits for the goods or seNices it must provide. Provlsions are measured at the b8St 8sllmats of the amounts requlred to settle the oblyation. Where the 8ffe¢l of the time value ol money is malerial, Ihe provision 18 based on the prosenl value of those amounts. dls¢ounte(1 at Ihe pre-tax dlscount rate Ihal reflects the rfsks spe¢tfi¢ to Ihe Ilablllty. Thè unwlndlrtg of tha dItnI Is r•c4nlsed in the Statement of Financial Actlvltles as a finance cost. 2.14 FIancIal Instrum•nts The Charity only has financlal assets and financlal Ilabililies of a kind that quality as ba¢ flnanclal instruments. Bask flnandal knstruments ere Initialty recognlsed at Iransactlon Value and 8ubsequ8nlty masured at their seennI value with the exception of bank loans which we subsequently measured at amortlsed cost uslng ihe ellective interest method. Page 24
OPERATION MOBILISATION (A Cornpany Llmltod by Guaranto•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AGwintlng polkl•s (¢ontlnuod) 115 Operatlng l•ai•8 Rentals pald und8r op8ralng 18as8s are chargad to lh8 Statam8nt of Flnanclal Aclfviti88 on a stralghl-llne basis over the1&7se term. 2.16 P•nslon8 Th8 Ch8rlty operates a dgfined contsibullrM pension 25theme and pen$lon charge represents Ihe amounts payable by the ChaTlty to the lund In respect of the year. 2.17 Fund ac¢ountlng General funds are unrestricled funds whth we avallable for use at th8 dlscretlon of the Trustees in rther8n¢e of Ihe general objecllves of the Charity and which have not been denated for olher purposes. Designated lunds mprise unrestricted rd$ that have b8&n s8t aside by the Tfustses for partiujlar purpo8eB. Restrlcted funds are funds whlch are to b8 used in accordance wilh Speci r8Strictions imposed by dcxoryJ or whith have been raised by the Charity for particular purposes. The costs of raising and adrnlnistering Such kn)ds are charged agaytst Ihe Self1¢ lund. The aim and use of eath rnstricted fijnd is set out in the notes to th8 financial statements. Investrnenl income. gains arKI losses are allocated to the approwate fund. Page 25
OPERATION MOBILISATION (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Cfitieal aecountlng estlmates and ar•a8 ol ludwont In applying the Charitys ae¢ounting pollcies, the TteeS are required to make judgements, estimates and as5umpiions in determining the cafrying amounts of assels and liabilities. The TfUStees' Judgemènts. estlmstes and assumpiions are based on the best and most rellable evidence available at th8 time vth8n lh8 decisions are made arKI are basèd on Imstorical oxparienc8 and othar factors thal are considered to be applicable. Due to the inhorent subie¢tivily Involved in making such judgemenls, estimate$ and assumption5, the actual results and oulcomes rnay differ. The esllmatos and undortylng assumplions are revi on an ongoing basis. Revi$ion$ to a¢wunling esttmate5 are recognlsed In the perbd In whlth the estlrnate Is revlsed, If the revlslon affects only thal perlod, ¢1 in the perfod of th8 rovlslon and fure perfods. If the ravlslon affects t*)th Cufrenl and future perK$. Crftl¢al acc4Juntlng estlmates and gssumplionB: The crfllcal accounilng Judgements that Ihe Twstees have made in the process of applying the charitys accounting policies that hava Iho mosl slgnlffieant eflect on the amounts recognlsed in Ihe statutory financial statements are discussed below. Crilical areas of ju(Jgment: Assesslng Indlc&tors of Impalnnent In assesslng whether there have been any indKators of impaimient in relation to assets, the Trustees hava CJ)nslder&d both exiemal arKI Sntem81 sources of Informalion such as market condilitins and OXWTience of recov8rability. There have been no indicators of impaimonts identifled during tho curronl finan(xal year. Income recognltlon Operatlon Mobilisation accounts for monies received as donations on behalf of olhei OM entities Yr1dde as Income and matthing expendlluTr as the money Is transferred via OM workhwKI8'$ intemational Iransfer 8yslem, The Truslees have referred to the guidance in the 2019 Slatement of R8commend8d Pracllco (FRS 1021 when delemiining whelher to account for these tr8nsod¢)n5 85 agent or ndPa1 and conslder Operatkjn MDblllsatlon to be acllng as prlnclpal. Pagè 26
OPERATION MOBILISATION (A Company Limited by Guarantee) NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 th¢om• from donalion• and l•g•ci•8 R•strlcted Unr•stri¢t•d funds funds 2023 2023 Total funds 2023 Tolal funds 2022 Donatlons InCce from Overseas Supporters Inccyne from OM Fields Overseas Incoma from UK sw)porters Income from UK Supporters lor Fi6kJs Overseas Income for Refief & Development work 701.112 571,762 1.272.874 480,928 1.541.764 1.802,9f3 51&049 1.541.764 1.392.069 4.410,483 630,535 4AI0.483 4.827,730 630,535 1.922. 765 Svbtotsl detslled dls¢losure 5.742.130 2.594.454 8.336,384 10.483.526 L8gacie& 148.695 978,1 1,126,890 566,230 Sublolal 148.695 978,195 1,126.890 566. 230 5.890,825 3.572,649 9A63.474 11,029, 756 Total 2022 8, 116,953 2,912,803 11.029. 756 In¢om• from ¢harhabk Actlvlties As rnstat8d To181 funds 2022 RestrScted Unrègtrlcted funds funds 2023 2023 Totol funds 2023 Literature and Other Sales Servlces lo Overseas Partners Other 2,506 5,256 53,395 6.2( 18.270 678.563 8,712 23.526 731.958 8.179 29,245 908,344 61,157 703.039 764,196 945. 768 Tot812022 88 restated 100, 766 845,002 945,768 Page 27
OPERATION MOBILISATION Company Limited by Guaranto0) OTes TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Investment Income R¢strl¢l¢d Unre$trlct•d funds funds 2023 2023 Total funds 2023 rot fvnds 2022 Rental Ino)rne Interest Income 18,O¢XI 34,317 18,000 34,247 18.000 5.747 30 30 52,317 52,347 23. 747 Total 2022 17 23, 730 23.747 Exp•ndltur• on ralslng lunds Costs of ra181ng voluntary Income Unrestrlcted funds 2023 T**1 funds 2023 Tolal runds 2022 Minlstry Admlnlstratlon Travol Communi¢alion Other Wages and salaTie8 710 23,145 33,362 56,347 3,986 321.934 710 23,145 33,362 56,347 3,986 321,934 2,821 18,420 33.540 44.878 2.665 311670 439.484 439,484 414,994 Total 2022 414.994 414.994 Page 28
OPERATION MOBIUSATION (A Company Limlt•d by Guaranieo) NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2023 Analys1$ of oxpgndlturo on charltable activlties Summary by nd typo Restrlcted UNe•trlctsd lunds funds 2023 2023 Total 2023 Total 2022 Educalk>n and the PAlvancement of the Christ1 Faith Support kn Overseas Partne Direct PayMts 174.605 924.868 4,915.561 1,689,566 1.864171 1.758.846 2.079.575 3,004.443 2,838,599 118.873 5,034,434 6,71)0,956 6,015.034 3.888.014 9,9D4048 11,298.401 Tot812022 8.154,•104 3. 143,997 Yl.298.401 Analysls of •xp•ndlturn by activlti•8 Actlvlllos und8rtak•n dlre¢tly 2D23 Total futtd$ 2023 Toiel lunds 2022 Educ8lion and the Adv8ncem8nt of Ihe Christian Faith Supporl for Overseas Partners Dlrect Payments 1,864.171 3,004,443 5.034,434 1,864,171 3,004,443 5,Q34,434 1, 758,846 2.838, 599 8,700,956 9,903,048 9,903.048 11,298.4LII Total 2022 11.298,407 11.298.401 Page 29
OPERATION MOBIUSATION (A Company Llmtt•d by Guarnnt••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 Anaty¥i8 of •xpendilur• by actlvltlos (GontInu> Anaty81¥ of dlrort Costs Educatlon artd Ihe Advancem ent of lh• Support for Christian Overseas Dirt¢t Falth Partners Paymènts 2023 2023 2023 Total nds 2023 Total funds 2022 staff Costs Ministy Admlnlstration 1.079269 25.179 247,873 152.823 $9,347 53.715 1,693213 316.2S1 396,233 2.772,482 341,430 643.906 152.623 149,830 124,980 5,034,434 57,349 626.014 2,461,964 684.841 533,113 92, 780 158,786 108,172 6. TOO,956 29,525 528.464 Travol Communication Grants 90,483 71,265 5.034.434 Prolessional Feés inc Audlt Other 25.807 220.558 31.542 405,456 1,864.171 3.004.443 5,034,434 9,903,048 11, 298,401 Total 2022 1, 758.846 Z838,599 4700,956 11,298,401 GovernarK8 costs are Ilded within the lotal Tr8our5 eXpded as shown above. These tolalled £63.971 in 2023 (2Q22: £48.693) 10. Audllors, ramuneratlon 2023 2022 Fees payable lo the Charws audltor for th8 audlt of the Charftys annual accounts 21,750 24,900 Fees payable lo the Charlws auditor in respect ol: I non-audit sepiices nol induded above 2,100 Page 30
OPERATION MOBILISATION (A Company Llmlted by Guarant•o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11. Staff costs AS restated 2022 2023 Wages and salaries Soclal secwlty costs Contrlbution to defined coniributi(Jn pension schemes 2,830,732 178,242 85.442 2,541.519 154,931 78.184 3,094A18 2. 774.634 Wages induth salaries of £467.520 (2022.. £460.080) r8latlng to 18 (2022: 20) employees vhw) havè been seconded to other fields. These were excluded from the accounts last year and therefogr last yearfs comparatlves hav8 b88n restated $0 that the iwo years are corry)arable. The average number of person$ employed by th8 Charity duftng th8 year was as follows: 2023 No. 2022 Support to other missions Education and the Advancement of the Chrl$tian Falth Fundraislng and Govemance Se¢ondod 8rnployees 48 30 25 18 145 141 No employge re¢elved romuneratbn amountin9 to morè than £60.000 In alther year. The key managemant P8rsonn81 of the Charity comprise of the UK execulive ieam of 5 peopl• {2022: 5 people) looking after the day-to-day affairs of the charity. The totsl employeè benefits ol the key management personnel of the Trusl were £208,968 (2022." £174,732). 12. Trustees. remuneratlon and expenses During the year, no Trustees recelved any remuneratiDn or other b8nefits (2022- £NILJ. During the ar ended 31 December 2023, exp8nses totaling £2.436 were relmbursed or pakl dlreclly to 1 Tntsiee (2022- £1.591 to 3 fry8lpps). Page 31
OPERATION MOBILISATION (A Company Lknlted by Guarant••> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Tanglble flx•d a$80ts Frnohold property l•aseh•)Id property Molof Flxtur•$ and véhlcla$ fittlngs Total Cost or valuatlon Ai 1 January 2023 1772,SQO 513,556 82,505 5,500 16,1501 297,686 20.816 120A29} 3.6fjfj347 26.316 126.679) Disposals At 31 December 2023 1772,500 513,556 81,855 297173 3.665,884 D¢pr•¢lallon At 1 January 2023 Charge for the year dISp(lS 576,900 61,050 279M36 14985 40,210 14,0$1 (5,000) 272,975 22.055 119,988) 1,169,921 124,988) At 31 December 2023 637950 296021 49,261 275,042 1.259,074 Nét book value Al 31 December 2023 2,134,550 216,735 32,VJ4 22.931 2,404810 Al 31 Decernber 2022 2.195.600 233, T20 42,295 24,711 2.496,326 P8ge 32
OPERATION MOBIUSATION IA Comparby Llmitod by Guaranteo NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DEGEMBER 2023 14. Invosthient property Fmhold Inveslment property Valuallon At 1 January 2023 450.0 At 31 De¢embw 2023 inv85tm8nt propety Is in North London w¥J prevu8 used for our ¢h8rltable purwJ588. However. this propety Iwas deemed to b8 to our requiremenls from an operational point pl view In 2017 and has been reclassllled by the Trustees as hekl for Inveslment as of 1st January 2017, with valuation of £450.000. The valuatlons wgrg based on the Dlrectors, estimate of the market value, supp(xted by valuations provided by Eslale Agents. This is r8nt8d out lo geneTrt8 an incoma for the Charity. Fdrovn9 a deskiop vIEW, the valuation was confimwd as shown above. IS. Flx•d asset investments Llst•d Inv•stments Co$1 or valuation At 1 Januwy 2023 Revaluati8 17.342 2,933 At 31 De¢ember 2023 20,275 N•t book valu• At 31 December 2023 20,275 At 31 December 2022 17,342 16. Stocks 2023 2022 Good51{ resalp 18. 179 Page 33
OPERATION MOBIUSATION (A Company Limlted by Guarantoo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17. Debtors 2023 2022 Du¢ after Thor• than on• y•ar Other debiors 30,833 41,173 30,833 41,173 wlthln one yeaF Other debtors Prepayments and a(rUed in¢ome 564,796 21,605 284.568 33.444 617,234 359.185 In¢ludod In d•blor8 arè bèn•flclal loans as follows: 2023 2022 Due wlihln one year Due after one year 16,177 30.833 17,929 41.173 47,010 59,IL)2 The abov8 loans hav• been made In furlherance of Ihe objeclives of Operatlon Mobilisation. These are generally low interest or interest free loans with variable repayment lerms as agreed wlth irKllvlduals. 18. Cr•dltors: Amounts falmng within one year 2023 2022 Trade crediiorB Oth8r tsxatbn and 80cial securfty Other editOrS Accruals and deferred Inwrne 123,724 52.020 205.068 28,820 56,405 40,557 128,846 24,900 250, 708 Page 34
OPERATION MOBILISATION (A Company Limii•d by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 19. Croditors: Amounls falllng due after more Ihan one year 2023 2022 53,100 174237 53. 100 181.511 Accruals 227,337 234,611 The Accnjals fyure 18 Ihe Rè-Enty R8ser4e. %thlth18 to provtde for 8ny altowances ghmn to Indivlduals from the UK after the agreement schedule. However, the amount provided here is likely to be pald out belween nll and 25 years. Pa9e 35
OPERATION MOBIUSATIOII IA Company Umlted by Guaranl¢al NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 20. Staloment of funds stalement of funds - Gurront yoar Bal at 31 Transfers Galnsl D•c•mb¢r inlout (Losms 2023 Balance al 1 Jarnry 2023 Income ExpoTrdituTe Unrostrlet•d fvnd$ Dq•i9nal•d funds Asset Furnj UKNO 2,289,106 622,265 174.649) 16A95 2314,557 5548SO 17.842 (101,652) 2.911.371 17.842 1101.652> 158.054) 2.769.507 General fvnd• General Funds 1,469,129 4A10,163 {4225.846) 243,345 2.933 1,799.724 Totsl Unr•strlcl•d funds 4380,500 4,328.005 (4A27A98) 184291 1933 4,569231 Restrlcted funds UK Supporters for Fiebjs overseas R8118f of Sickness & Povety UK Spaclal Projects UKNO restricted- appeals UKNO reslficled - short term mi88ionS 4,fA1 UKNO restricted. olher 200,486 Asset Fund 207,815 Relief of &cknèss & Poverty 3,$48.946 (3.528,946) 20.IIIJO 89,569 330,921 1379,698) 260.683 1,076,020 (1208,85S) 5Q870 189,019 (237,396) 40,792 84997 162.851) 81,693 425,790 (90.463} 1270.OS3) {106.8T9) {15,S61) 14.12•) 249,344 192,254 299,623 1299.623) 820,064 3,952,012 (6.01&034) 1185,291) 571.751 Total of fvndl 5200.564 10,280,017 110,3415321 2.933 5,140M82 Page 36
OPERATION MOBILISATIOM (A Company L5mltad by Guarantso) NOTES TO THE FINA14CIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 20. Slatemanl of funds {coTrtinued) Statement of funds . prfor year Balance at 31 Galns/ December (Losses) 2022 Balanco at l January 2022 Incon Expendthire Transfers inlout Unrestrlthd funds Doslgnat•d lunds A66el Fd UKNO 2,351,049 308.405 (61.943) (103.610) 171.960 2,289,106 621265 245,510 2,659,454 245,610 (103.610) 110.017 2,911,371 Génèral lunds Geral Funds 1,337,998 3,075,944 (2,995.300) 57,673 IT, 186) 1,469,129 T¢)tal Unrestrletèd funds 3,997,452 3,321,454 (3,098,910) 167.690 (7, 186) 4.380.500 Ré8trfctad funds UK Supporters lor Fields ov&n8e8s 3,912.636 (3,912,636) Rell•f of Slckness & Poverty UK Spaclal Projects UKNO reslrlcted - 8pp8818 UKNO rèsliicl8d- short term misstons UKNO reslrEcted - other Relief of Sickness & Povety Asset Fund 133,310 1,413,978 (1,45T.732J 13 282,228 1,868,364 (7,833. l84) (56, t25) 92,730 377,542 (404,889) (8,513) 89.569 260,683 56,870 339 200,336 75,967 207,054 171,665J (711,503) (95,401) 4.641 200,486 362. 195 (362.195J 215,4T9 17, 664) 207.815 924.422 8.217.736 (8.154.404) (167,690) 820,064 Total of funds 4.921.814 11.539.190 (11,253,314J (7.186) 5.200,564 Page 37
OPERATIQN MOBILISATION (A Company Umlted by Guarantee) NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Stal•m•nt of fund$ leontlnu•d) DESIGNATED FUNDS The income funds of the Charlty Includ8 Ihe following desiwatod fvnds that have been Sel aslde out unrestricted funds held by the Twustees for wific purposes: Desl9nated Asset Fund - represents funds thal are tied up in fixed a888ts. The utlllsatlon of th888 funds is commensurale bvith the d)ang& In Ihe lotal Value of fNed osset5 durlng ihe year dug to aU[SI110n5. diswsals and depreciation. Other- monies allocated for speclllc projects by the Trustees. RESTRICTED FUNDS The re51ricted funds of the Charty consist of certain inwm¢ which Ihere 15 a re5tricl*)n on th8ir UB8 and are detailed as follows: UK Supporters for Flalds Over8ea¥ - moni8s recgiV9d OM'$ work overseas and transferr8d dlreGUy to them. Rellef of Sickness and Povety- nK>nie$ rd1$ In the UK and overseas spedfically lor the r8llef of sld(ness and poverty world1de. Special Projects - gifts raised and distributed by Ihe tharlty's founder. Followin9 the dealh of George Verwer, the foundar, thi$ lund w411 be wwnd up by tho end of Sgptember 2023. UK Natlonal Offlce rgstrtcted appeals - funds ralsed by UK natbnal oftlce as a resLIt of speofic appeals. UK Netlonal Office rnstrictèd Short Tom Mi98ion8 - funds recelved from participants to cover the cost af their short4eTm mission8 8XP8ri8nca. UK Other- funds held in relation to evangelism and outroach projects. Asset funds - monles tled up kn assets for the restrlcted fvnds. As above. the utilisation of reseNes reflects Ihe movement In value of assets In the yew. 11. Anatysl8 of nat assèts bètwèèn fund• Analysls of not a•sets betwèen funds - current year R••trlcl•d Unrn$trl¢t•d funds lunds 2023 2023 fund• 2023 Tangitjle fixed assets Fixed assel inveslments Inv8Stm8nt propety Debtors due ar moro than one yèar Current assets Creditors due withln ona year Cre(knr¥ du8 in more than one year 2.406.810 1406M10 20.275 20375 450.000 450,000 30.833 30,£33 2.298.290 2,870,041 {409.640} (409.6401 {227,337) (227,337) 571.751 Tol41 571,751 4.569,231 5,140,982 Page 38
OPERATION h1081LISATION (A Company Umlted by Guaranleel NOTES TO THE FINAMCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysls of n•1 assets between fund8 {¢ontlnuod) Analyslg of nol assets beten lunds - prfor year R8s1ri¢18d Unrnstrfetèd funds funds 2022 2022 Tot81 2022 TaNJible ed assels Fixed asset investrnenls Inveslmenl propety Debtors due after rnore Ihan one year Curfent assets Credilors due within one year Crtdilors due In more than one yee4r 207,815 2,284511 2,496.326 77.342 17.342 450,0(X) 450.oc 41.173 41.173 2,06a793 2.681.042 (250.708) (250, 708) (234,611) {234,611J 612.249 Total 820.064 4.380,500 5.2CX).564 22. R•¢onclllatlon of n•1 movornenl In lunds to net cash flow frorn operating acllvltles 2023 2022 Net incomelexpenditure for the year (as per Slatement ol Financial A¢iiviti•S) 169,582> 278.690 Adjustrnents for. Depreciation charges GalnvJ(losses) on investments Dividends. interests and rents from inveslments Loss on the sale of fixed assets Deuease in stocks Dec¥easel(Inea$e) in debtors Increase in credllors 114,141 (2,933) (34,347) 1.691 17,884 (258,049) 151,658 122,253 7,187 {5. T47) 1.192 2.847 230,431 11.502 Nel ¢ash providèd byl(u86d In) operallng art5vltles (69,537) 648.355 Page 39
OPERATION MOBILISATION (A Company Llmlted by Guarant40) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 23. Analy•ls of Ga•h and ush oqulv•lonts 2023 2022 Cash In hand Notlce depo31ts (le88 than 3 months) 601879 1,680,466 289.315 2,055.536 Tolal ¢uh and ush •qulval•nts 1283.345 2.344,851 24. Analysll of chan905 In net debt At1 January 2023 Cash flow5 A131 1)g¢fjmbgr 20TJ Cash at bank and li hand Debt due after 1 year 2,344851 (S$.100) (61.506) 2383,345 (53.100) 2,291,751 161,506) 2,230,245 25. Ponslon commllfflents Th? Charity coerates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independenlly adminislér8d nd. Contributions tolaling £85,442 (2022 - £78.184) were paid In the year. At year end £7,539 (2022: £6.623) was Outs&di and induded within Creditors. Oporatlng1oas• nnItonts Ai 31 Dec8mber 2023 Charily had comrnitments lo make fulure minimum lease paymenls under nortrcancellable operallng lease8 as follow8: 2023 2022 Nol later than 1 Later than 1 yew and not later Ihan 5 year5 Later than 5 years 31.517 96.468 265.287 43,801 93,0 259,200 393.272 396,001 Page 40
OPERATION MOBIUSATION IA Company Llmlt•d by Guarantse) NOTES TO TrIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2023 R•latsd party tran8actlon$ tlurlng 2023 8 grant of £65,339 vas receNed as final settlement of tho loan that had en provhjed to Alum Rock Hall Trust an entlly under the common control of the ¢harlty. Th8r& TApf8 no other relaled Party trartsaclrons dwing 2023. Page 41