## **NOVI MOST INTERNATIONAL** 

## **ANNUAL REPORT AND FINANCIAL STATEMENTS** 

## **YEAR ENDED 30 SEPTEMBER 2024** 

Company Registration Number 3006953 

Charity Number 1043501 



**NOVI MOST INTERNATIONAL** 

**TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS** 

## **YEAR ENDED 30 SEPTEMBER 2024** 

|**CONTENTS**|**PAGE**|
|---|---|
|Trustee’s annual report|2-13|
|Independent examiner’s report|14|
|Statement of financial activities (including income and expenditure account)|15|
|Balance sheet|16|
|Notes to the financial statements|17-23|



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**NOVI MOST INTERNATIONAL** 

## **ANNUAL TRUSTEES’ REPORT:  Year to 30 September 2024** 

The Trustees present the annual report and unaudited financial statements of the charity for the year ended 30 September 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the memorandum and articles of association, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. 

## **OBJECTIVES AND ACTIVITIES** 

Our vision is to equip young people in Bosnia and Herzegovina (BiH) to enter their futures with hope and confidence and empower them to become positive instruments of transformation in their communities. 

In order to outwork our vision, we adhere to the following strategic objectives and implement the following activities. 

## **1. Objectives** 

The charitable objectives of Novi Most International (NMI) can be summarised as the relief of hardship of young people living in Europe.  To provide counselling and education for such persons, and social welfare for recreational purposes, in order to improve their conditions of life.   Also, to advance the Christian religion and promote any other charitable purpose for the benefit of young people living both in the UK and overseas. 

In setting our objectives each year we have regard to both the Charity Commission’s general guidance on public benefit and prevention and relief of poverty for the public benefit.  The Trustees ensure that the programmes we undertake are in line with our charitable objects and aims. 

## **2. Activities** 

Novi Most International is operating in 4 towns in BiH and we use four premises (not owned by NMI) for regular weekly activities and programmes, as well as taking young people on trips to the cinema, bowling, barbecues, swimming, for joint events at other Novi Most locations, and special trips out. Omladinski Centre is in West Mostar, Centar Novi Most is in Capljina, Jajce Novi Most holds many activities in the building owned by the Evangelical Church and our Klub in Sarajevo also uses the building owned by the Evangelical Church Sarajevo.  As a pioneering youth agency, we reach young people aged 11-21 years, sometimes older, sometimes younger, depending on the activity. 

Each location has developed a distinctive ministry: 

## **MOSTAR** 

Novi Most Centre in Mostar collaborates closely with the West Mostar Evangelical Church to engage in impactful community initiatives. A key focus of their joint efforts is the thriving Royal Rangers programme, which has demonstrated significant interest of young people in the community. The programme encompasses weekly gatherings and diverse outdoor activities, including hikes and community service projects. This initiative serves as a nurturing space for local youth, fostering physical, social, psychological, and spiritual development. 

The Royal Rangers programme itself is an activity-driven, small group ministry designed for both boys and girls. It aims to instill Christ-like character and cultivate servant leadership in a relational and enjoyable environment. Beyond the regular gatherings, it provides additional opportunities for young individuals to participate in creative workshops. These workshops aim to impart essential skills such as critical thinking, collaboration, self-expression, and compassion. 

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## **NOVI MOST INTERNATIONAL** 

This year Royal Rangers went to Hungary for the Royal Rangers Eurocamp. The camp happens every four years and brings together approximately 8000 young people from all over Europe. It allows young people to meet others from different nations and cultures, share experiences and learn new skills. 

In addition to the Royal Rangers programme, Novi Most Centre hosts activities on Tuesday and Wednesday evenings tailored for young people. These events provide an opportunity for young people to grow in social and spiritual context as well as developing skills and talents like arts and crafts, music and cooking. 

## **CAPLJINA** 

Čapljina Centar continues to provide customised English classes tailored to individual needs. These classes range from structured courses, offering the possibility of earning a Cambridge University diploma upon completion, to opportunities for expanding and practicing English as a second language. The core of Centar's language education initiative is centered on providing a dynamic and confidence-boosting environment for English learning. 

Novi Most Centar reaffirms its commitment to holistic development through weekly drop-in sessions. These sessions serve as a platform for engaging in arts and crafts, games, table tennis, snooker, and more. By participating in these activities, young people have the opportunity to meet new individuals, discover more about themselves, as well as gain insights into the world around them. 

Čapljina Novi Most also aims to broaden the perspectives of young people, both within their local community and beyond. Through offerings such as visits to new places and the chance to try various activities, including snowboarding, the youth are encouraged to step outside their comfort zones. These experiences challenge them to develop, grow, and embrace new opportunities. 

## **JAJCE** 

Jajce Novi Most specialises in music education, offering year-round courses in drums, guitar (electric, acoustic, and bass guitar), keyboards, violin and various wind instruments. Additionally, the centre provides opportunities for artistic expression through arts and crafts as well as singing courses. Edina (Dina) Hajder's unihockey club has gained popularity among the youth, providing them with a dynamic outlet for physical activity. 

During the winter months, the team at Jajce Novi Most integrates snowboarding into their programme. This not only introduces young people to a new skill but also fosters team building and an appreciation for the diverse offerings of their country. 

Matt and Budo are actively involved in the development of music recording and production initiatives. These projects serve as engaging opportunities for young individuals while also functioning as a valuable resource for the broader church community, not just in Bosnia and Herzegovina but across the Balkans. Matt Hellyer further contributes to the local community by producing content for a radio programme, enhancing the cultural landscape. 

Rowan Hellyer offers music lessons and courses in a range of instruments, including clarinet, trumpet, flute, saxophone and violin. Additionally, she holds a part-time position as a music teacher at a local elementary music school and is conducting the brass band of Jajce town. Her dual roles contribute significantly to enriching the local music scene, providing valuable musical education and fostering a vibrant musical community. The Jajce team remains deeply engaged in cultural and community events, participating in activities such as the humanitarian races in Jajce, open-air concerts, and youth festivals. This active involvement underscores their commitment to fostering cultural vibrancy and community cohesion. 

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## **SARAJEVO** 

The Sarajevo location operates in a closely-knit partnership with the Evangelical Church of Sarajevo. Throughout specific months, the team orchestrates engaging courses in music and art, utilizing a well-equipped space that also serves as a haven for young bands to practice and unleash their musical creativity. 

A Saturday night staple is the teenage club, welcoming individuals aged 12 to 17. Here, the team facilitates relevant discussions on pressing challenges faced by young people, delving into topics such as identity, ethics, moral dilemmas, and relationships. 

In line with the outreach initiatives of Jajce and Čapljina, winter sports serve as a unique opportunity during the colder months. The focus on training young people in leadership remains a consistent theme, empowering them to take ownership of the Klub and actively contribute to both church and Novi Most activities. Sessions and trips are organised to help participants appreciate the facilities and scenic countryside, fostering a holistic understanding of their surroundings. 

The commitment to Royal Rangers is evident in the emphasis on leadership development and the active involvement of young individuals in shaping the Klub's direction. This multifaceted approach ensures a well-rounded experience, encouraging personal growth and community engagement among the youth. 

## **JOINT INITIATIVES** 

## **SUMMER CAMPS** 

In collaboration with the Evangelical Church, all our teams actively participated in leading the twomonth summer camp program. Novi Most takes on the vital role of designing and implementing the camp content for all age groups, ensuring a diverse and enriching experience year-round. Matt Hellyer oversees the music aspect, providing technical support and organizing various worship teams throughout the camps, fostering an atmosphere of praise and connection. Damir Trbić focuses on team building and training young volunteers, equipping them for effective service during the camps. This immersive program combines games, adventure, and skill-building, creating a dynamic environment for youth across Bosnia and Herzegovina. Witnessing the growth and development of young adults stepping into servant leadership roles has been a profoundly rewarding and hopeful experience. 

These camps play an important role in covering various essential aspects of our work. They serve as a platform where young individuals, hailing from different cities and ethnic backgrounds, come together for fellowship, discipleship, evangelism and reconciliation. The camps become transformative spaces where preconceived notions and prejudices are dismantled. 

Within the camp setting, young people are afforded the opportunity to discover more about themselves, deepen their understanding of God, and nurture meaningful relationships. This exploration takes shape through adventurous activities, engaging games, and a diverse array of sports and other interactive pursuits. 

Ultimately, the summer camps stand as more than just recreational retreats; they represent a crucial chapter in our mission, fostering unity, personal growth, and an inclusive community spirit among the youth in Bosnia and Herzegovina. 

## **WINTER CAMP** 

The winter camp serves as a remarkable opportunity for young people from diverse ethnic backgrounds to come together for a week of building new friendships. Beyond fostering 

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connections, it provides a platform for learning and honing new skills, set against the backdrop of the breathtaking mountains in Bosnia and Herzegovina. Witnessing the youth develop a love and connection with nature, particularly its winter beauty, is truly rewarding. 

This year, we successfully organised two camps catering to different age groups: one for individuals aged 10 to 15 and another for those between 18 and 28. Amidst the stunning natural surroundings, participants engaged in physical training and skill development, with a focus on skiing or snowboarding. 

The evening programme was crafted to be equally enriching, comprising a blend of fun, games, music, talks, and group discussions. This holistic approach ensures that the winter camp becomes not just a space for outdoor activities but also a forum for personal growth, meaningful conversations and shared experiences. The joy of seeing young people immerse themselves in both the challenges of physical training and the joys of communal engagement underscores the transformative impact of the winter camp experience 

## **OTHER REGULAR MEETUPS BETWEEN NOVI MOST GROUPS** 

As well as camps in both summer and winter the different Novi Most sites organise trips to the different locations to help build the relationships that are created on camp and allow sharing of skills across different locations. 

## **Big teen gatherings** 

In 2024, we organised two significant teen gatherings in Fojnica and Jajce. Our day-long excursions featured a diverse programme that encompassed everything from engaging outdoor and indoor activities to sports, fostering a sense of fellowship and providing nourishing meals. The agenda also included elements of creativity, discipline, and personal development. These gatherings served as enriching experiences, promoting holistic growth and positive connections among the participating teens. 

## **RESOURCES DEVELOPMENT FOR YOUTH** 

Throughout the year, we collaborated closely with young people, fostering their engagement in both music and leadership initiatives. Our emphasis was on hands-on involvement, encouraging them to actively participate in the music-making process, event planning, and the creation of camp programmes. We strongly believe that these experiences contribute significantly to their personal growth. We contributed to Novi Most media this year by producing two new albums, recorded in Maci studios. These albums involved young adult songwriters and musicians from Bosnia and Herzegovina, Croatia and Serbia. 

In addition to these efforts, we successfully created and produced a new puppet play that served as a beneficial resource for multiple towns in Bosnia and Herzegovina, particularly in community outreach initiatives for kids. Furthermore, Matt Hellyer contributed to Novi Most media by producing two new worship albums Lev Šomea and Izvor Života volume II. These albums beside the participation of young people are an immense contribution to Bosnian and Herzegovina worship music in general. 

Our commitment extended to designing three distinct programmes tailored for kids, teens, and young adults, along with a comprehensive training programme for our volunteer camp team. It is essential to note that this programme will undergo revision in the coming years, with a projected completion date in 2025. 

Throughout the year, we conducted a series of workshops covering diverse topics such as music, team building, and spiritual formation. These workshops aimed to provide a holistic learning 

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## **NOVI MOST INTERNATIONAL** 

experience for the participants, fostering not only musical skills but also teamwork and personal development. 

## **FOR NMI FUNDRAISING** 

Phill Hollis produces the NMI ‘New Bridge’ publication which informs supporters of up-to-date NMI work. Matt Hellyer produces the prayer updates. Team members had the opportunity to speak and raise awareness for Novi Most in various different churches in the UK. 

## **ACHIEVEMENTS AND PERFORMANCE** 

## **PARTNERSHIP WITH THE EVANGELICAL CHURCH OF BOSNIA & HERZEGOVINA (ECBiH)** 

All Novi Most international and local workers actively participate as members in their local churches, playing integral roles in church development as leaders, elders, and deacons. Across various locations, Novi Most personnel take on leadership and supportive roles in youth and children's work. The Evangelical Church in Bosnia and Herzegovina (ECBiH), comprising 500-600 members, faces unique challenges in a population of just under 3 million. Regrettably, it is sometimes misconstrued as a sect, given that mainstream religions in BiH are Islam, Catholicism, and Serb Orthodox. The ECBiH, therefore, requires ongoing encouragement, support, and constructive efforts to strengthen and build its presence in the community. Novi Most's engagement in church activities and community outreach is crucial for fostering understanding and acceptance within this diverse religious landscape. 

**In the Brankovac Church located in East Mostar** (on the Bošnjak - muslim side of the city), our newest Intern, Mihaela is a member of Brankovac church and works closely alongside former Novi Most worker Claire Gingell. Together they work alongside the rest of the Novi Most team bringing young people from the region to Hercegovina-wide events, where they can engage with other Novi Most groups. This involvement serves as a bridge between different communities, fostering unity and collaboration within the diverse cultural and religious landscape of Hercegovina. 

**In Centar Dva church, West Mostar,** the church is using the NMI Centre for Sunday Services, knitting courses and English courses as well as weekly arts and crafts. The church also leads the Royal Rangers programme, which is supported by Novi Most workers. The church in West Mostar is looking for a new space. Our plan is to move with the church into this space when this happens. 

**In Capljina** , Ivica is leading the church team and represents them at different church meetings. Once a week our workers in Capljina organise youth meetings and activities and regular discipleship of the youth takes place. The Novi Most team join the church for regular weekly prayer meetings. 

**In Jajce,** Dina Hajder, the church leader, joins the team for weekly planning meetings and prayer, and participates in many NMI activities.  Novi Most team members lead worship in the church and occasionally preach, and work together to reach out and disciple young people. They are creating a bridge between the NMI activities and the church. 

**In Sarajevo** , Beki takes the lead in the youth work within the church. His dedication extends beyond the local church, as he actively participates in country-wide Evangelical Church events and activities, including leading church camps and conferences. Thanks to years of discipleship and mentoring, two young individuals have transitioned to becoming members of the NMI team through the Novi Most scholarship programme. One of these individuals has by the end of this year become full staff member of Novi Most.  Their involvement extends to organising and creating events for children, such as the annual Christmas Puppet show where Samaritan's Purse shoeboxes are distributed.  Beki holds the position of an elder within the Church, and the entire team actively contributes to other church events, playing integral roles in the broader church life. Their commitment showcases the interconnectedness of NMI and the local church, creating a dynamic and impactful presence in Sarajevo. 

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## **NOVI MOST INTERNATIONAL** 

**ECBiH (Evangelical Church of Bosnia & Herzegovina) youth conference -** It was such a blessing and joy to see young people dedicated to create and host Youth Conference that brought 150 young participants from Bosnia and Herzegovina, Serbia, and Croatia, offering them a unique opportunity to connect and grow. The conference was a celebration of fellowship, enriched by delicious food, enlightening master classes covering a wide range of topics, heartfelt worship, inspiring testimonies, and the profound teachings of God's Word. What made this event truly remarkable was its location in a region that was once the tragic theatre of war in the 1990s, marked by deep-seated ethnic, national, and religious divisions. The fact that these young people, representing diverse backgrounds and histories, could come together in unity and harmony speaks volumes about the power of the Gospel and their shared vision for a brighter future. 

The conference emphasised the significance of the culture of belonging in shaping human identity, values, and behaviour. The Apostle John recorded an interesting message and prayer of his teacher, Jesus Christ. "If you belonged to the world, it would love you as its own. As it is, you do not belong to the world, but I have chosen you out of the world. That is why the world hates you." John 15:19 "I have given them your word, and the world has hated them, for they are not of the world any more than I am of the world. My prayer is not that you take them out of the world but that you protect them from the evil one. They are not of the world, even as I am not of it." John 17:14-16. The culture of belonging is a social phenomenon that has a significant influence on human identity, values, and behaviour. In a world that differs greatly from the time of Jesus, the question of belonging remains relevant. Attendees were encouraged to ponder their own sense of belonging, addressing questions such as "To whom do I (not) belong?" and "Why do I (not) belong?" as they contemplated how they fit into today's society. 

## **COMPASSION POT** 

Because poverty is so high in BiH, NMI makes available a small allowance each month in every location to allocate according to perceived needs.  The team corporately agree who will be the beneficiaries of this financial aid and it is made clear that the gift comes from NMI. This year Compassion Pot has funded medicine and hospital bills, winter fuel, school books, and food parcels. 

## **SCHOLARSHIP PROGRAMME** 

We all share the desire to witness the next generation take active roles within NMI. Recognising that education is a crucial factor in the nation's development, we believe that discipleship holds even greater importance. Implementing a scholarship programme allows us to invest in both the academic and spiritual growth of potential future leaders in Bosnia and Herzegovina. Through this programme, we aim to provide scholarships to current or aspiring university students who have demonstrated interest and capability in the youth work programmes we conduct. The unique aspect of this initiative involves inviting these young individuals to engage with us in an internship format, dedicating 2-3 days a week alongside their academic studies. This approach does not immediately entail employment but rather an investment in their personal and professional development. By adopting this strategy, we have the opportunity to discern whether the individual aligns with the vision of NMI. Simultaneously, it provides the young person with a safe space and time to "test their call" for ministry and youth work, fostering their growth and development. This thoughtful and intentional approach allows us to prayerfully consider the potential for a long-term partnership while nurturing the next generation of leaders. 

Our scholarship programme has funded three university students. Angela Bošnjak is pursuing a masters degree in Theological Seminary of Osijek, Vanja Nikolinović was studying at the Faculty of Criminology and Security Studies, University of Sarajevo and Mihaela Kojić is a student at the Faculty of Health Studies, studying physiotherapy at the University of Mostar. They are volunteering with the work of Novi Most Sarajevo and Novi Most Hercegovina teams two days a week and we are financially helping them in their education.  We believe that higher education is an important opportunity for people to pursue here and want to help make it accessible for everyone.  We are also pleased by the opportunity to train up more locals to serve the next generation. Unfortunately, 

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we had to conclude our scholarship support for Vanja Nikolinović due to his decision to transfer to a different university and relocate to another country. 

## **TEAM RETREATS** 

We participated in the annual Josiah Venture conference this year in September. Becca and Ivica took our 3 students to be inspired, encouraged and challenged in their spiritual growth and leadership. The topic was “Lifeline, First responders and the anxious generation” and JV managed to gather 400 participants from 18 countries to talk about the role of “the first responder”. The speaker was Dr. David Van Dyke who brought deep insights coupled with practical strategies on how to respond to current mental health needs. The idea was to equip young leaders as first responders who can later equip their young people so that they can bring hope to this anxious generation. 

The team from Bosnia took the opportunity to also have gatherings in prayer as a form of teambuilding. We’ve also had the chance to bond with young adults from Croatia and Serbia that were at the conference. 

In October, Ivica and Beki had opportunity to take part in the General Assembly Conference, an event organised by the Youth for Christ ministry which took place in the Netherlands. The conference's central theme, "TOGETHER," underscored the critical significance of unity at all levels of Christian life. It was encouraging to witness representatives from all corners of the globe, each grappling with the same essential challenge – how to connect with and empower the youth of their respective regions. The sense of a global community, all working toward a shared goal, was truly inspiring. The conference offered a platform for attendees to share stories and testimonies of God’s faithfulness. Hearing these narratives from different corners of the world served as a powerful reminder of God’s presence. Furthermore, the event presented a golden opportunity to forge connections and exchange valuable resources, particularly with leaders from their home region. It was an occasion to strengthen bonds and gather insights that would undoubtedly further enrich their mission of reaching and guiding young people on their spiritual journeys. 

## **PRAYER** 

Prayer for BiH is facilitated by NMI through monthly e-mail updates (written in and distributed by the Jajce office) to the UK supporters and local BiH churches. Many churches and individuals in the UK pray regularly for the work of NMI and we are grateful for that. 

## **PERSONNEL** 

## _BiH Team_ 

International Novi Most team members in BiH are volunteers who are financially and prayerfully supported by their churches, friends and families. The enormous contribution that supporters make to individual workers and to the ministry of NMI is greatly appreciated and valued. Local workers are salaried, and funded through general NMI funds. At the end of this year we employed 4 local workers, (1 in Mostar, 1 in Capljina, 1 in Jajce and 1 in Sarajevo) and there were 3 international volunteers (from the UK).  All the team regularly meet together for weekly planning meetings, prayer and Bible study and meet with Team Leaders on a monthly basis for review.  Beki Trbić is the Director and we have also formed a Local Leadership Board, which includes team leaders from each location. This board meets once a month to discuss current situations and plan and execute the strategy for the future. 

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## **NOVI MOST INTERNATIONAL** 

## _Herzegovina NMI Team_ 

Ivica Simunovic serves as the Herzegovina team leader. Indira Zovko remains the NMI legal representative and actively oversees youth activities in Mostar. Becca Simunovic takes the lead in youth club activities in Capljina, utilising English teaching, craft activities, and mentoring projects. Ivica contributes to these activities in Capljina and also coordinates initiatives tailored for young men, incorporating sports and challenging activities. 

## _Jajce NMI Team_ 

Matt and Rowan Hellyer, alongside local worker Budo Hajder, have actively integrated themselves into the local community by participating in various outreach opportunities. Leveraging their musical skills, the team has had a significant impact and is currently expanding into songwriting and recording opportunities for young people. Additionally, they are enthusiastic about utilising local winter amenities to provide snowboarding sessions for the youth. 

Matt and Budo extend their support to other locations whenever possible, actively encouraging young people in the realm of music. Their commitment to community engagement and skill development showcases their dedication to fostering positive experiences for the next generation. 

## _Sarajevo NMI Team_ 

Damir Trbic Beki serves as the Director but remains actively engaged in local youth ministry in Sarajevo. In addition to teaching music, including guitars and drums, he plays a key role in leading Saturday evening theme nights. Angela and Vanja have been instrumental in supporting Beki, assisting with event organisation, various activities such as administration, youth club hangouts, and resource creation for work with teenagers. Their collaborative efforts contribute to the vibrant and dynamic youth ministry in Sarajevo. 

## _UK Office_ 

We have 3 staff in the UK, Katie Flory (Part-time) Finance Manager, Linda Eldridge (part-time) Administrator and Phill Hollis (Full-time remote worker) Supporter Development Manager. Katie and Linda make a significant contribution to the smooth running of the office. Phill, along with the team in BiH, produce the newsletters and social media for Novi Most. 

The UK office distributes appeals, banks donations, and resources BiH personnel. Production of appeals is generally being handed over to BiH. Recruitment of short and long term personnel continues to be undertaken by the UK office alongside the director in BiH.   Volunteers (a pool of 10 or so) from local churches assist with our direct mailings. The staff work well together and are flexible and servant hearted; this is appreciated by the Trustees. 

## **FUTURE PLANS** 

The location objectives put together by each of the locations follow the line of the NMI Strategy document. They are very encouraging and show the continued enthusiasm and passion the long term team have about working with the young people of BiH and helping them in their futures. With this in mind the work of Novi Most has the possibility to grow and develop further. However both resources in manpower and finances will be needed for this to happen. 

## **LINKS TO OTHER ORGANISATIONS** 

NMI maintains a strong network of partnerships to enhance its mission and impact. We are a proud member of The Evangelical Alliance of the UK. In Bosnia and Herzegovina, our collaboration extends to the Evangelical Church of Bosnia & Herzegovina, reflecting our commitment to working in unity with local communities. 

Our ongoing partnership with Josiah Venture, an umbrella organisation for Christian youth organisations across Central and Eastern Europe, is a key element of our strategy. Attending their conferences has proven instrumental in providing both NMI and young adults with a broader perspective on youth work. 

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## **NOVI MOST INTERNATIONAL** 

Collaboration with Youth For Christ (YFC) involves the exchange of resources and encouragement, strengthening our shared commitment to youth development. Additionally, we maintain positive relationships with other Christian agencies in Bosnia and Herzegovina, including Operation Mobilisation (OM), Christian Missionary Alliance (CMA), and the Evangelical Union of Students (EUS). These partnerships support the church and contribute to the organisation of events, conferences, and training initiatives. 

In our various locations, we foster loose relationships with other youth organisations and schools, seeking to nurture and build upon these connections for mutual benefit. Notably, Novi Most is supported by over 50 UK churches and maintains links with churches internationally, particularly in Germany, Switzerland, and the United States, through our team members. These diverse connections contribute to the strength and global reach of Novi Most's mission. 

## **FINANCIAL REVIEW** 

NMI seeks to be transparent in its handling of money.  The UK office, although small, has managed to raise funds and support the organisation’s vision as the ministry in BiH has changed.  We have maintained and developed youth work in Mostar, Capljina, Jajce and Sarajevo and the number of projects which occur in those locations. 

We budgeted for a deficit this year, and ended the year with an unrestricted deficit of £46,400. We are tremendously grateful for the generosity of our faithful supporters, and churches, who have given to the work and enabled the organisation grow. We enter the new financial year with more than three months reserves in a high interest account with CCLA. 

## **Fundraising** 

NMI has a targeted fundraising strategy and sends mailings 5 times a year.  The organisation has a committed following of individuals and churches who support us regularly in prayer and financial giving, without which the work could not continue and for which we are extremely thankful. Standing order gifts provided around 64% of our unrestricted income.  We are grateful too for the support of a number of small trusts for their commitment to our work. This includes a grant from the Goodnews Evangelical Mission. 

Catherine Bartlem stood down from investigating grant applications, handing this role over to the new Supporter Development Manager. 

## **Reserves Policy** 

We aim to maintain a flexible reserve equivalent to at least £24,000 which is three months core expenditure. At the year end the general reserve was £78,516. The trustees expect to have to purchase another minibus within the next year and will designate funds for this at that time. 

## **Grants Policy** 

It is our normal practice to apply available funds to projects initiated and run by NMI for the benefit of young people in BiH.  We do not welcome unsolicited applications and will not consider funding any project which falls outside our stated objectives in BiH. 

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## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Constitution** 

Novi Most International is a registered charity and a company limited by guarantee, governed by a Memorandum and Articles of Association. 

## **Organisational Structure** 

Novi Most International (NMI) has a Board of Trustees who meet five times a year.  The Trustees are responsible for the strategic direction and policy of the charity.  The Board must have three members and there is no limit on maximum membership.  Each Trustee brings professional expertise to the organisation relevant to the work of the charity.  All Trustees have personal knowledge of our ministry in Bosnia and Herzegovina (BiH), through field visits, which are encouraged.  The Secretary sits on the Board but has no voting rights. 

The BiH Director is responsible for daily operations and management, policies and strategy implementation in the field. He maintains regular contact with the Board of Trustees. Together, the Director and Trustees ensure that the charity meets its strategic objectives and that the organisation functions in accordance with good practice, both in the UK and in BiH.  The UK office is staffed by Supporter Development Manager, a part-time Finance Manager, part-time Administrator and faithful volunteers who help with fundraising. The BiH office is staffed by a Legal Representative and Team leaders in each location are responsible for their administration, accounts and monthly reports.  Team leaders are accountable to the BiH Director regarding field operations, and report regularly to the Trustees. 

## **Recruitment and Appointment of Trustees** 

Under the requirements of the Memorandum and Articles of Association, Trustees are elected to serve for a period of three years, after which they must be re-elected at the next Annual General Meeting.  All Trustees are required to subscribe to the Lausanne Covenant (1974) which is the charity’s Statement of Faith.  New Trustees are appointed to the Board after attending a meeting as observer (for non-confidential items), so that they have an opportunity to meet all the Trustees. After a formal recommendation and an interview with at least two serving Trustees, the Board coelects the new Trustee, for which ratification at the AGM is sought.   Trustees are usually recruited through personal contact.  In order to help them consider the role, Trustees are given a Trustee Information Pack which includes:  the Role of Trustees, Charity Commission CC3, the Lausanne Covenant, Annual Report and Accounts, current literature/resources on the work of Novi Most International. 

## **Trustee Induction and Training** 

The Company Secretary ensures that the Trustees are aware of the legal commitments they are undertaking before being appointed. Most Trustees are familiar with the ministry of NMI before being elected to the Board.  Trustees are encouraged to visit, and as appropriate, participate in, our ministry in BiH. Trustees are satisfied with the appointment process, and draw on information from the various Charity Commission publications as necessary.  They take up opportunities for training as they are able. 

## **Risk Management** 

The Board regularly reviews the major risks relating to the operation and finances of the charity. Where necessary, action is taken to mitigate the risks the charity faces. 

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## **REFERENCE AND ADMINISTRATIVE INFORMATION** 

Charity Name: Novi Most International Charity Registration No: 1043501 Company Registration No: 3006953 Registered Office and Lee Common Methodist Church Operational address: Oxford Street Lee Common Bucks HP16 9JP **PRESIDENT** Mark Hedley Title: Sir Mark Hedley **TRUSTEES** Miss Anna Hedley Chair Mr Simon Evans Treasurer Mr Peter Flory Mr Michael Elliot Rev Paul Lewis Mr Peter Gray **COMPANY SECRETARY** Mrs Katie Flory **BiH DIRECTOR** Mr Damir Trbic **UK STAFF MANAGEMENT TEAM** Mr Phill Hollis Supporter Development Manager Mrs Katie Flory Finance Manager Mrs Linda Eldridge Administrator **INDEPENDENT EXAMINER** Nicola Anderson FCIE 189 Baldwins Lane Croxley Green Rickmansworth Herts. WD3 3LL **BANKERS** Nat West Bank plc P O Box 92 Hanley Stoke on Trent ST1 1QA Sort Code:  01-03-69 Account No:  13495380 

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## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES** 

Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the charitable affairs at the end of the year, and of its income and expenditure for that period.  In preparing these financial statements the Trustees are required to: 

- Select suitable accounting practices and then apply them consistently 

- Make judgements and estimates that are reasonable and prudent 

- State whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the accounts 

- Prepare the financial statements on the ongoing basis unless it is inappropriate to presume that the company will continue in business. 

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the Company, and to enable them to ensure that the financial statements comply with the Companies Act 2006.  They are also responsible for safeguarding the assets of the Company, and hence, for taking reasonable steps for the prevention and detection of fraud or other irregularities. 

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (SORP FRS102), and in accordance with the small companies exemptions as found in section 415A of the Companies Act 2006 

This report was approved by the Board on 6[th] March 2025                                        . 

Katie Flory, Secretary 

13 



**NOVI MOST INTERNATIONAL** 

## **INDEPENDENT EXAMINER’S REPORT** 

I report to the charity trustees on my examination of the accounts of Novi Most International (company no. 3006953 and charity no: 1043501) for the year ended 30 September 2024 as set out on pages 15 to 23. 

## **Responsibilities and basis of report** 

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 

## **Independent examiner’s statement** 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

## **Nicola Anderson  FCIE** 

dated: 

Independent Examiner 189 Baldwins Lane Croxley Green Rickmansworth Herts WD3 3LL 

14 



## **NOVI MOST INTERNATIONAL** 

## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)** 

## **YEAR ENDED 30 SEPTEMBER 2024** 

|Note<br>Donations<br>**2a**<br>Legacy<br>Grants receivable<br>**2b**<br>**3**<br>**4**<br>**Net income/(expenditure)**<br>**6**<br>**Transfers between funds**<br>**Net movement in funds:**<br>**11**<br>**RECONCILIATION OF FUNDS**<br>**TOTAL**<br>**INCOME FROM:**<br>Bank Interest<br>**EXPENDITURE ON:**<br>**Raising Funds**<br>**Charitable Activities**<br>**TOTAL**<br>_Investments_<br>_Donations and Legacies_<br>Total funds brought forward<br>Total funds carried forward|**£**<br>**97,812**<br>**0**<br>**0**<br>**5,009**<br>**102,821**<br>**38,671**<br>**110,550**<br>**149,221**<br>**-46,400**<br>**0**<br>**-46,400**<br>**124,917**<br>**78,516**<br>**Unrestricted**<br>**Funds**|**£**<br>**30,514**<br>**0**<br>**9,000**<br>**0**<br>**Restricted**<br>**Funds**|**£**<br>**128,326**<br>**0**<br>**9,000**<br>**5,009**<br>**142,335**<br>**38,671**<br>**152,343**<br>**191,015**<br>**-48,680**<br>**0**<br>**-48,680**<br>**136,448**<br>**87,768**<br>**Total Funds**<br>**2024**|T<br>£<br>89,774<br>0<br>0<br>4,315<br>94,089<br>3,744<br>120,601<br>124,345<br>-30,256<br>0<br>-30,256<br>155,173<br>124,917<br>Unrestricted<br>Funds|£<br>35,519<br>0<br>0<br>0<br>35,519<br>0<br>39,047<br>39,047<br>-3,528<br>0<br>-3,528<br>15,059<br>11,531<br>Restricted<br>Funds|£<br>125,293<br>0<br>0<br>4,315<br>Total Funds<br>2023|
|---|---|---|---|---|---|---|
|||**39,514**||||129,608|
|||**0**<br>**41,793**||||3,744<br>159,648|
|||**41,793**||||163,392|
|||**-2,279**<br>**0**||||-33,785<br>0|
|||**-2,279**<br>**11,531**||||-33,785<br>170,232|
|||**9,252**||||136,448|



The charity has no recognised gains or losses other than the results for the year as set out above. All of the activities of the charity are classed as continuing. 

The notes on pages 17 to 23 form part of these financial statements. 

15 



## **NOVI MOST INTERNATIONAL** 

## **BALANCE SHEET** 

## **30th SEPTEMBER 2024** 

|Note<br>Tangible assets<br>**7**<br>Debtors<br>**8**<br>**9**<br>**FUNDS**<br>Restricted Funds<br>**11**<br>**11**<br>Cash at bank and in hand<br>**TOTAL FUNDS**<br>Unrestricted Funds<br>**FIXED ASSETS**<br>**CURRENT ASSETS**<br>Stocks<br>**NET ASSETS**<br>**CREDITORS: Amounts falling due within one year**<br>**NET CURRENT ASSETS**|£<br>£<br>**2**<br>**0**<br>**2,358**<br>**89,534**<br>**91,892**<br>**-4,126**<br>**87,766**<br>**87,768**<br>**9,252**<br>**78,516**<br>**87,768**<br>**2024**|2023<br>£<br>2<br>0<br>3,012<br>134,263|
|---|---|---|
|||137,275<br>-829|
|||136,446|
|||136,448<br>11,531<br>124,917|
|||136,448|



For the year ending 30 September 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. 

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. 

The notes on pages 17 to 23 form part of these financial statements. 

The directors approved these financial statements on 6 March 2025. 

……………….. MR S EVANS 

Company registered No. 3006953 

16 



**NOVI MOST INTERNATIONAL** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 30 SEPTEMBER 2024** 

## **1** _**.**_ **Accounting Policies** 

## **Basis of preparation** 

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (SORP FRS102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. 

The charity constitutes a public benefit entity as defined by FRS 102. 

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. 

## **Income recognition** 

Income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income relating to future periods is deferred. 

Donations under gift aid, together with the associated income tax recovery are recognised as income when the donation is received. 

## **Expenditure recognition** 

Expenditure is recognised when a liability is incurred, it is probable that settlement will be made and the liability can be measured reliably. Irrecoverable VAT is charged against the expenditure heading for which it was incurred. 

## **Allocation of expenditure** 

Direct costs of an activity are allocated to that activity. Where direct costs relate to more than one activity they are apportioned across activities based on the extent to which each activity utilises the resources. 

Support costs comprise costs incurred in support of these activities. Included in support costs are costs incurred in the governance of the charity which are primarily associated with the constitutional and statutory requirements.  Support costs are allocated to activities on a proportional basis. 

## **Capitalisation and depreciation of tangible fixed assets** 

## _UK held assets:_ 

Items in excess of £500 that are of a capital nature are capitalised and depreciated to write off their cost less residual value over estimated useful life as follows: 

Furniture and Fittings – 4 years Computer equipment - 4 years 

## _Overseas held assets:_ 

Vehicles for use in Bosnia & Herzegovina are capitalised and depreciated to write off the cost less residual value over estimated useful life of 4 years. All other assets, which comprise fixtures, fittings and computer equipment, are written off in the year they are acquired. 

17 



## **NOVI MOST INTERNATIONAL** 

**NOTES TO THE FINANCIAL STATEMENTS** _**(continued**_ **)** 

## **YEAR ENDED 30 SEPTEMBER 2024** 

## **Fund structure** 

Restricted funds represent funds received whereby the application of those funds is restricted by the donor. Funds that may be applied at the discretion of the trustees within the charitable objects are unrestricted. Where trustees have set aside funds for specific purposes, these are identified as designated funds. 

## **Foreign Currency Transactions** 

Foreign currency transactions are initially recognised at the spot exchange rate between the foreign currency and GBP sterling rate at the date of the transfer of funds. At the end of the reporting period balances are translated at the closing rate. 

Significant exchange rate profits and losses on translation are taken to the Statement of Financial Activities. 

## **2a.  DONATIONS** 

|Other institutions<br>Great Chesham P C C (4 churches)<br>Bromsgrove Baptist Church<br>Arise Church<br>SMB Charitable Trust<br>St James Styvechale<br>The Forest Hill Charitable Trust<br>St Catherine's Church, Tilehurst<br>Holy Trinity Church<br>Beacon Trust<br>Edgar Milward Charity<br>Significant Church and other institution donors (Over £500)<br>Individuals<br>Churches|**Total**<br>**Funds**<br>**2024**<br>**£**<br>113,166<br>10,225<br>4,935<br>**128,326**<br>**3,000**<br>**1,700**<br>**1,200**<br>**0**<br>**1,000**<br>**1,000**<br>**796**<br>**1,650**<br>**2,500**<br>**500**|**Total**<br>**Funds**<br>**2023**<br>£<br>110,335<br>11,486<br>3,472|
|---|---|---|
|||**125,293**<br>6,076<br>1,750<br>1,200<br>1,000<br>1,000<br>1,000<br>750<br>0<br>0<br>0|



## **2b. GRANTS** 

|GEM<br>The Souter Trust|**Total**<br>**Funds**<br>**2024**<br>**£**<br>9,000<br>0<br>**9,000**|**Total**<br>**Funds**<br>**2023**<br>£<br>0<br>2,000|
|---|---|---|
|||2,000|



18 



**NOVI MOST INTERNATIONAL** 

## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued**_ **)** 

## **YEAR ENDED 30 SEPTEMBER 2024** 

## **3. RAISING FUNDS** 

|Telephone<br>Marketing and advertising<br>Rent, rates, light and heat<br>Postage, printing and stationery<br>Salaries and professional charges|**Total**<br>**Funds**<br>**2024**<br>**£**<br>**32,690**<br>**3,162**<br>**338**<br>**2,426**<br>**55**<br>**38,671**|Total<br>Funds<br>2023<br>£<br>825<br>100<br>245<br>2,474<br>55|
|---|---|---|
|||**3,699**|



## **4. CHARITABLE ACTIVITIES** 

|Grants and<br>volunteer<br>support<br>Project costs<br>Activities and<br>Courses<br>Salaries<br>Travel and<br>vehicle costs<br>Rent, Rates<br>Heat, Light &<br>Maintenance<br>Postage,<br>Printing &<br>Stationery<br>Telephone<br>nsurance<br>Professional<br>Charges<br>Training<br>Bank charges<br>& Sundry<br>expenses<br>**Support**<br>Salaries<br>Office costs<br>Sundry<br>expenses<br>2023|**Volunteer**<br>**funding,**<br>**Grants and**<br>**Aid**<br>**£**<br>**21,287**<br> <br>**928**<br>**0**<br>**0**<br> <br>**0**<br>**0**<br>**0**<br>**0**<br>**0**<br>**0**<br>**0**<br>**0**<br>**3,665**<br> <br>**2,447**<br>**640**|<br> <br> <br>**Central**<br>**£**<br>**0**<br>**0**<br>**4,341**<br>**8,056**<br>**1,409**<br>**66**<br>**185**<br>**603**<br>**0**<br>**464**<br>**0**<br>**817**<br>**2,630**<br>**1,756**<br>**459**|**Mostar**<br>**£**<br>**0**<br>**0**<br>**1,648**<br>**2,994**<br>**2,077**<br>**1,954**<br>**0**<br>**25**<br>**0**<br>**52**<br>**0**<br>**59**<br>**1,453**<br>**970**<br>**254**|<br>**Capljina**<br> <br>**£**<br>**0**<br>**0**<br>**595**<br>**11,592**<br>**3,872**<br>**2,943**<br>**0**<br>**297**<br>**0**<br>**0**<br>**0**<br>**62**<br>**3,194**<br>**2,133**<br>**557**|**Jajce**<br>**£**<br>**0**<br>**0**<br>**5,433**<br>**10,865**<br>**4,314**<br>**1,487**<br>**52**<br>**520**<br>**0**<br>**0**<br>**91**<br>**257**<br>**3,798**<br>**2,535**<br>**663**|**Sarajevo**<br>**£**<br>**0**<br>**0**<br>**3,997**<br>**12,435**<br>**2,362**<br>**2,377**<br>**37**<br>**419**<br>**0**<br>**0**<br>**72**<br>**597**<br>**3,678**<br>**2,456**<br>**642**|**Training**<br>**and Intern**<br>**ship**<br>**Schemes**<br>**£**<br>**0**<br>**0**<br>**0**<br>**5,092**<br>**0**<br>**0**<br>**0**<br>**0**<br>**0**<br>**0**<br>**0**<br>**4**<br>**841**<br>**561**<br>**147**|**Field visits**<br>**and prayer**<br>**£**<br>**0**<br>**0**<br>**0**<br>**8**<br>**0**<br>**0**<br>**0**<br>**0**<br>**0**<br>**0**<br>**0**<br>**88**<br>**16**<br>**11**<br>**3**|<br>**2024**<br>**Total**<br> <br>**£**<br>**21,287**<br>**928**<br>**16,014**<br>**51,042**<br>**14,034**<br>**8,827**<br>**274**<br>**1,864**<br>**0**<br>**516**<br>**163**<br>**1,885**<br>**19,275**<br>**12,869**<br>**3,365**|<br>2023<br>Total<br> <br>£<br>23,421<br>862<br>18,489<br>51,765<br>15,985<br>10,156<br>519<br>2,022<br>0<br>1,333<br>344<br>2,072<br>16,547<br>13,394<br>2,739|
|---|---|---|---|---|---|---|---|---|---|---|
||**28,967**|**20,786**|**11,486**|**25,245**|**30,016**|**29,072**|**6,645**|**126**|**152,343**||
||**30,533**|**20,049**|**10,132**|**25,483**|**36,314**|**27,832**|**9,028**|**277**||159,648|



Costs are allocated directly to relevant expense categories wherever possible. Support costs are allocated based on staff time. 

19 



**NOVI MOST INTERNATIONAL** 

**NOTES TO THE FINANCIAL STATEMENTS** _**(continued**_ **)** 

## **YEAR ENDED 30 SEPTEMBER 2024** 

## **5. ANALYSIS OF STAFF COSTS, THE COST OF KEY MANAGEMENT PERSONNEL AND RELATED PARTY TRANSACTIONS** 

**The aggregate payroll costs were:** 

|**The aggregate payroll costs were:**|||
|---|---|---|
|Contracted Staff<br>No employees had emoluments in excess of £60,000 (2023 nil)<br>Wages and salaries|**2024**<br>**£**<br>**103,008**<br>**0**<br>**103,008**|2023<br>£<br>69,180<br>0|
|||69,180|



## **Particulars of employees:** 

The average number of employees (head count based on number of staff employed) during the financial year amounted to: 

|Raising funds<br>Direct charitable activities<br>Support and Governance|**2024**<br>**1**<br>**4**<br>**2**<br>**7**|2023<br>1<br>4<br>2|
|---|---|---|
|||7|



The trustees of the charity are considered to be the key management. No trustee received any remuneration during the year (2023: nil) No trustee was reimbured for expenses (2023 : 0) Trustees donated £18,057 aggregated to the charity (2023 £5,421) 

## **6. NET INCOME** 

Net Income is stated after charging: 

||**Total Funds**||
|---|---|---|
||**2024**|2023|
||**£**|£|
|Staff pension contributions|**635**|0|
|Depreciation|**0**|2,109|
|Independent examiner's fees|**1,000**|900|



## **7. FIXED ASSETS** 

|**COST**<br>Additions<br>Disposals<br>Disposal<br>At 30 September 2023<br>**At 30 September 2024**<br>**At 30 September 2024**<br>**DEPRECIATION**<br>**NET BOOK VALUE**<br>**At 30 September 2024**<br>Charge for the year<br>At 1 October 2022<br>At 1 October 2023|**Vehicles**<br>**£**<br>**27,406**<br>**0**<br>**0**<br>**27,406**<br>**27,406**<br>**-1**<br>**0**<br>**27,406**<br>**0**<br>0|**£**<br>**2,302**<br>**0**<br>**0**<br>**2,302**<br>**2,300**<br>**0**<br>**0**<br>**2,300**<br>**2**<br>2<br>**Fixtures &**<br>**Fittings**|**Total**<br>**£**<br>**29,708**<br>**0**<br>**0**|
|---|---|---|---|
||||**29,708**<br>**29,706**<br>**-1**<br>**0**|
||||**29,706**<br>**2**<br>2|



Motor vehicles are used for direct charitable activities in BiH. 

20 



**NOTES TO THE FINANCIAL STATEMENTS** _**(continued**_ 

## **NOVI MOST INTERNATIONAL** 

## **YEAR ENDED 30 SEPTEMBER 2024** 

## **8. DEBTORS** 

|Other debtors<br>Trade debtors<br>Gift Aid recoverable<br>Prepayments|**Total Funds**<br>**2024**<br>**£**<br>**0**<br>**1,914**<br>**444**<br>**0**<br>**2,358**|2023<br>£<br>0<br>3,012<br>0<br>0|
|---|---|---|
|||3,012|



All assets are used in the management and administration of the charity. 

## **9. CREDITORS: Amounts falling due within one year** 

|Accruals<br>Other creditors<br>PAYE and social security<br>Deferred Income (Souter Trust grant)|**Total Funds**<br>**2024**<br>**£**<br>**1,026**<br>**450**<br>**650**<br>**2,000**<br>**4,126**|2023<br>£<br>62<br>217<br>550<br>0<br>829|
|---|---|---|



Deferred Income represents income received for activities or services that take place exclusively in future accounting periods. Deferred income will be released in full in the following accounting year. 

## **10. COMMITMENTS UNDER OPERATING LEASES** 

|**Operating leases which expire:**<br>Within 1 year<br>Within 2 to 5 years|**Land and**<br>**Other**<br>**buildings**<br>**items**<br>**£**<br>**£**<br>**0**<br>**0**<br>**0**<br>**2,964**<br>**0**<br>**2,964**<br>**Total Funds 2024**|Land and<br>Other<br>buildings<br>items<br>£<br>£<br>0<br>0<br>0<br>**3,952**<br>0<br>3,952<br>2023|Land and<br>Other<br>buildings<br>items<br>£<br>£<br>0<br>0<br>0<br>**3,952**<br>0<br>3,952<br>2023|
|---|---|---|---|
||||3,952|



21 



## **NOVI MOST INTERNATIONAL** 

## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued**_ **)** 

## **YEAR ENDED 30 SEPTEMBER 2024** 

## **11. FUNDS** 

|**2024**<br>Transit<br>MiniBus<br>**2023**<br>Transit<br>MiniBus<br>Intern/University Scheme<br>Camps, courses & equip.<br>**Total Funds**<br>Unrestricted Funds<br>General Fund<br>Designated Fund<br>**Total Unrestricted Funds**<br>Other restricted funds<br>Project workers<br>**Total Restricted Funds**<br>**Total Restricted Funds**<br>Project workers<br>Other restricted funds<br>**Total Unrestricted Funds**<br>Intern/University Scheme<br>General Fund<br>Unrestricted Funds<br>Herzegovina core costs<br>Camps, courses & equip<br>**Total Funds**<br>Other restricted funds (breakdown)<br>Designated Fund<br>Other restricted funds (breakdown)|**£**<br>2,858<br>8,673<br>**11,531**<br>84,917<br>40,000<br>**124,917**<br>**136,448**<br>0<br>8,197<br>0<br>476<br>0<br>**8,673**<br>£<br>994<br>14,065<br>**15,059**<br>115,173<br>40,000<br>**155,173**<br>**170,232**<br>11,481<br>0<br>476<br>2,108<br>**14,065**<br>**Balance at**<br>**1 Oct 2023**<br>**Balance at**<br>**1 Oct 2022**|**Incoming**<br>**£**<br>20,565<br>18,949<br>**39,514**<br>102,821<br>0<br>**102,821**<br>**142,335**<br>9,000<br>3,539<br>6,410<br>0<br>0<br>**18,949**<br>**Incoming**<br>£<br>25,285<br>10,234<br>**35,519**<br>94,089<br>0<br>**94,089**<br>**129,608**<br>3,895<br>6,339<br>0<br>0<br>**10,234**|**Outgoing**<br>**£**<br>-21,287<br>-20,506<br>**-41,793**<br>-149,221<br>0<br>**-149,221**<br>**-191,015**<br>-9,000<br>-5,096<br>-6,410<br>0<br>0<br>**-20,506**<br>**Outgoing**<br>£<br>-23,421<br>-15,626<br>**-39,047**<br>-124,345<br>0<br>**-124,345**<br>**-163,392**<br>-7,180<br>-6,339<br>0<br>-2,108<br>**-15,626**|**Transfers**<br>**£**<br>0<br>0<br>**0**<br>0<br>0<br>**0**<br>**0**<br>0<br>0<br>0<br>0<br>0<br>**0**<br>**Transfers**<br>£<br>0<br>0<br>**0**<br>0<br>0<br>**0**<br>**0**<br>0<br>0<br>0<br>0<br>**0**|**£**<br>2,136<br>7,116<br>**Balance at**<br>**30 Sept 2024**|
|---|---|---|---|---|---|
||||||**9,252**<br>38,517<br>40,000|
||||||**78,517**<br>**87,768**<br>0<br>6,639<br>0<br>476<br>0|
||||||**7,116**<br>£<br>2,858<br>8,673<br>**Balance at**<br>**30 Sept 2023**|
||||||**11,531**<br>84,917<br>40,000|
||||||**124,917**<br>**136,448**<br>8,197<br>0<br>476<br>0|
||||||**8,673**|



## **Purpose of** 

## **Funds** 

The Project Workers fund represents money received for the support of workers in Bosnia Herzegovina. Other restricted funds includes money given for the purchase of a minibus and gifts received for youth worker training and  the intern scheme. Surplus funds from the minibus appeal have been transferred to general unrestricted funds. The Designated Fund represents funds set aside by trustees to implement the decisions resulting from the Strategy Review undertaken in May 2022 

22 



## **NOVI MOST INTERNATIONAL** 

**NOTES TO THE FINANCIAL STATEMENTS** _**(continued**_ **)** 

## **YEAR ENDED 30 SEPTEMBER 2023** 

## **12. ANALYSIS OF NET ASSETS (between restricted and unrestricted funds)** 

## **OF NET** 

|**2024**<br>Project<br>Other<br>2023<br>Project<br>Other<br>**Restricted funds**<br>**Restricted funds**<br>**Unrestricted funds**<br>**Unrestricted funds**|**Tangible fixed**<br>**assets**<br>**£**<br>**0**<br>**0**<br>**0**<br>**2**<br>**2**<br>Tangible fixed<br>assets<br>£<br>**0**<br>**0**<br>**0**<br>**2**|**Other net**<br>**assets**<br>**£**<br>**2,136**<br>**7,116**<br>**9,252**<br>**78,514**<br>**87,766**<br>Other net<br>assets<br>£<br>**2,858**<br>**8,673**<br>**11,531**<br>**124,915**|**2023 Total**<br>**£**<br>**2,136**<br>**7,116**|
|---|---|---|---|
||||**9,252**<br>**78,516**|
||||**87,768**<br>2022 Total<br>£<br>**2,858**<br>**8,673**|
||||**11,531**<br>**124,917**|



## **13. COMPANY LIMITED BY GUARANTEE** 

Novi Most International is a company limited by guarantee and a registered charity. The liability of each member is limited to one pound.  At 30 September 2024 there were 6 members (2023: 6 members) 

The company is registered with the Charity Commission as a charity (number 1043501) and is exempt from taxation in accordance with Chapter 3 of Part 11 of the Corporation Tax Act 2010. 

## **14. CONTROL** 

The Charity was controlled by the Trustees in this year and the previous year. 

23