The African, Indian and Slavlands Christian Fellowship Financial Statements and Trustees, Annual Report for the 12 months ending 30 April 2024 Registered Charity No. 1037023
Contents Page Charity Information Report of the Trustees Independent Examiner's Report Receipts and Payments Account Page 2
THE AFRICAN. INDIAN AND SLAVLANDS CHRISTIAN FELLOWSHIP Charity Information Charity Trustees.. All the following Indmduals acted as trustees for tk charity durir%J the 12 months to 30 April 2024. Richard Evans che surnr$ Roger Weil Chanty Registration Nurthr. 1037023 Principal Add$$ MrRJWeil 28 Hayesford Park Dnve Bromley Kent BR2 9DB Independent Examiner. Heather Wdls MIAB Heather's 8cK)kkeepThJ SeNces 7 Muston Gardens Leicester LE2 6FX Bankers.. CAF Lld 25 Kiros Hill Ave Kings HIN West Malling ME19 4JQ Page 3
THE AFRICAN, INDIAN AND SLAVLANDS CHRISTIAN FELLOWSHIP Report of the Trustees for the period l May 2023 to 30 April 2024 The trustees of The African, Indian arxj Sl&arKJs Christian Fellowship I'the Chari1 present trustee annual re}rt ard indepEndendy exanwned financial statements for the 12 months ending 30 Apnl 2024. Objert The (Ibject of The AfricarL Indian Slthand5 Christian Felk)w5hip Is, for the public benefit the advancement of Chn5ban faith in AfrKa, the Indian SUtsnent sIarKI5 countries. In particular, the charty seek5 to 5UPPOrt pasrors and others worknro In chrisb.an ministry by aking grants to enable them to prcKlaim aThJ teach the go51. arKJ share Christ's love in assisting with the relief of povety Over the course ol the last financial year, the charty has been able to wpwrt pastors aTrJ Chnsb'an workers in Ukra1ne, India and Zimbabwe, as summansed below. Ukrae Funding for van load5 of aid that are tsken to the needy who thr from the invasion and bombardment by Ru55ia. indudiro ndiCal SUPFAies warm dothing a1 f(KQ, as well as some Christian literature and c(nSelling. Personal monthty support for the pastor la1 hi5 famity). based in Odessa VA Ofganises and leads the relief work. India Ongoing support for a range of Chrisban worker5 tharTDes in India. including suPrt for widows and orphans. needy pastors ar their children. and pastors training seminars. A grant to help equip a new Chrisban Training Centre that has been constructed in West Bengal. Zimbobwe Continued support of the work of some ofthe pastors %wytirKJ for tr* thurch denominats.on United Church of Christ in Zimbabwe (UCCZ). indudirKJ furKJing for UCCZ trainir%J conferences as well as the support of irKliwdual pastors. A grant to finance a new two year lelerShiP trainirYJ c(yJrse njn UCCZ to train up new leaders for the growiry number of Churc5, several r chUrtrS currenty without a pastor. Page 4
StrucbJre, Man)3errnt The African, Indian and SlawlaThJs Christian Fellowship OTateS as a tnjst. It has been registered with the Charities Commission since 1994 hiih charty referen mr1037023. The charit5 goveming dcthment is its trnst deed. New trustees are rK)minated by the current trustees Mr VerrK)n Soare was apwinted to be a new rrustee in September 2024, IrKrea9rYJ the numtEr of trustse5 to four. The charity has no employees. Correspondence ttE chariiys beneficiaries. banking acbwt'es, record keeping and accounting is Tnanaged on a K)luntsry ba95 by trustees. Financial Review During the 12 months to 30 Apnl 2024. re has been an unde.rO net surplus of reIpts re13twe to PayTnents of £14.5k12023". £4.6kl. Most of the g1fts recewe(I have been restricted for Ukrai, lThJia or Zimbathye. The charity is not currentty operaDng in other sIarKI$ countries. Reseffts Policy The charty has no fixed costs arKI theref has a tY to ts[n £2,511) to cover rts low annual administration costs, which mainty rdate to communKation with supph)rters At 30 April 2024, the tharty held reserves of £J.9k P023'. £76.3kl, ¥wth £19.Ik restricted for ministry In Ukraine. general pracbce of the charity is to pass on restncted donations soon after the inwards donaticn has tRen rec8ved. This has LEen the case for India and Zimbabwe, for which the restricted reserves are zero at 30 April 2024. However, Ukraine. the tharity currentty supports only Or pastor and trEfe Is a limit to ttt amwnt of pastoral wsiting and aid provision he can oversee The trustees have agreed that then the war betsveen Russia ar Ukraine is over, there may be many opportunib'es to supFx)rt Christian work In turtherarKe of the aims ar($ objects of the trust. For this reason. the trustees are rDt Ur(MfOrtab1e the level of reserves currently being held Investhent Policy The charty's invesbnent wlicy is to hdd liquid assets wth k)w risk. tkJriThJ the financial year, a new bank acccKJnt with CAF wa5 opwed In order to [llItate eager Onli banking atKI better Investment opbons. T1 Sanrander aCCnt was still in OFErabon at 30 April 2024. but after most of the supporters had moved their regular gifts Kross to CAF. the SantarKler bank acctxjnt wa5 closed in August 2024. A Charty Deposit account th CCLA was Ope in December 2023 to rnake use of the better Interest rates available, given the higher reser thanty is now carrw"ng. Funds can be withdrawn within a few days wth no pen3"e5. Page S
Key Risks and unrtntieS There may be challenges to transfer rrNyryoverseas to the (xgan15ations arKI individuals tl)ai we support financialty TrefOre risk5 we Ige associaied th the restrictions thèt banking sysierns may Imwse. We Mgate these as much as rx)ssikAe by usiNJ regulated bank Jccounts and SWIFT transfets thai te trked Ckcawxwlty use twsted individuals knoNn to one or mre of the trustee5 to art as cash ccxJrier5 for srnaller arrAxJnts of that is pa55ed on to individuals, wth d0Cunnted receipts fc all trant. The war in Ukraine Fx)ses 1)oth pers(Mwi risk wyertainbes Ic¥ partner pastor and his team operating Out of Ode55a Approved Lry Trustees on 11 january 2025 Si1 ts tehalf Signature ol Trustee I.. Trustee 1 name and datè". Signature of Trustee 2.. CHeKYL rrustee 2 name and datè., Page 6
THE AFRICAN. INDIAN AND SLAVLANDS CHRISTIAN FELLOWSHIP Independent Examiner's Report to the Trustees of the charity Charity Number 1037023 I report to the trustees on my examination ol the accounts of the aEx)ve charity I"Ihe Charity'l for the 12 month5 ending 30 April 2024. These are set out on pages 8 and 9 following th15 report. ResponbIlItieS and Basis of Report As the charity trustee5 of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.lhe Act'l. I reFX)rt in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and In carrying out my examination, I have followed the applicable oirecb.ons given by the Charity Comrnission under section 14515llbl of the Act. Independent Examinerfs Statement I have completed my examinaty'on. I confirm that no material matters have come lo my attention in connection with the examination which give5 me cause to believe that in, any material respect.. accounting records were not kept in accordance with secb'on 130 of the Act or the accounts do not accord wth the account1r records. I have rK) concerns and have come across no other matters in connection wth the examination to which attention should be drawn to enable a proper understanding of the accounts to be reached. 11 january 2025 Heather Wells MIAB Heather'5 Bookkeeping SeNices 7 Muston Gardens Leicester LE2 6FX Page 7
THE AFRICAN, INDIAN & SLAVLANDS CHRISTIAN FELLOWSHIP RECEIPTS AND PAYMENTS ACCOUNT FOR THÉ YEAR ENDED 30 APRIL 2024 Notes Unre5trlcted Fund Re5trlrted Fund Totsl 2024 Totsl 2023 Recelpts Voluntary income Gifts & donatlons Gift Aid tax redaim 4,146 2.336 107,771 4,235 111,917 6,571 146,012 7,439 Investment income- interest 1.645 1,645 39 8,128 112,006 120,134 153,490 Payments Grants and donations 11,466 92,901 104.367 146,745 Activities for charitable objectives- Slavlands newsletter 625 625 1,392 Managernent and administration- Bank charges Postage 25 196 25 196 330 Govemance costs- Exarniner's fee 401 401 401 12,714 92,901 105,61S 148.868 Net RecelptsllPaymentsl 4,586 19,105 14,519 4,622 Cash funds last year end 76,343 76,343 71,721 Ca$h fundsthls Yr end 71.757 19,105 90.862 76.343 Page 7
THÉAFRICAN. INDIAt4 & SLAVLANDSCHRISTIA14 FEILOWSHIP STATEME14T OFASSEfsAND UABIUTIES FOR TIIE YEAR ENDED30APRIL2024 I Cash Funds 2024 Tot•1 Futhd 20Z3 Total Fund Santander bank balance CAF CAFCash account balance CCLACharity Deposit Furhd 693 19 76.343 ,150 90.862 76.343 2 Uabllltl•s Independent Ex8minÈrt5fee 165 401 3 Grantsanddonatlons. expended 2024 2023 9.585 55.082 39.700 7A70 48,225 72,275 18,775 146,745 Indl Ukraine Slavlandsother 104,367 Approved bythe trustees on 2Di theryl Summers Trustee Trustee Page 8