REPORT OF THE TRU8TEES ANLI COIYSOLIDATED FINANCIAL 8TATKMzNf8 FOR THK YIAR RNDBD 4 APRIL 2024 GOVERNANCL MINISTRIES CIIARITY
COVERNANCE MINISTRIES CIIARITY C¢XITENf8 OFrn CONSOLIDATED ]qNANCIAL gfATEMEM3 FOR THE YL4RENDED 4 APIUL2024 PAie R•p•rt gfth• Truthfr3 Rwrt orth# 4dfrAt Andltorl Cow•ltd4lod StAtewptof F1U•nÈT4IAiVtt c•)Wolltht BalneeSh• I to 4 10 Ch•rlty Sb••t CoJuolld•r•d Fjuw Stit¢mtAI 12 13 Not¢s to th• C•wblid4tgdFA4Allchl Statements D¢t4lled Cwoltd•tsd St4t•mellt otFlnAA¢lal Aodvlti 14 to 26 27 to 28
GOIERNANCE LIIITIISTRILS CHARfTY MZPORT OFThETRIFSfEE8 Fok ThE YEAR ENDED 4AFPJL2024 The usteos pr¢J¢nt their report with ¢OJ)IldteJ th4191 tstorn¢nt8 rknity tbr tha yeAr +Jndtd 4 Aprll 2(124. Thp tr]$t¢ hAve Jdoptryl the prov1&0ffj5 of Accoulltitig on4 R¢porkn£ by Chlttr&' Ststoment or R¢¢omm¢nded Prn¢tl¢¢ oppli¢able to chwiileA prJ>wJ£ thelr g¢coThlAno¢ with the Flwigl R¢porllng tsdard app]laAbla in the UK Republi¢ of tAland (FRS Jo2){ètredI J JamFAry 2019). OBJECTIVES AND AcrtvmES caDt #rtlvlitH aod pl4u8 Dllrins the y8ar to 21Tr24 Iloverllanc• &thlfft1 ntinued ts btyoad¢44 101lV th• TBN UK QD T¢nstrlAt Fre 66 rnd on Satelllte Sky Chonne] $82. TBN UK contJnue8 to put tho SOApd of JeJuJ Chrfst b4hind th¢ front door of than gJ% of tho •pproximalv 29 illion In the Unit4d dll And2m homeg In 11. The impact ol TBNUK algo eonthu•s to swi through Dwtsl fvfqdi• kndudin8 on Jim thrwk wAt¢h.Ibn.uk and Is vhwed awtjud th¢ W. The TBNUK man48¢rn¢nt And leadoyshlp team contiDu¢ ¢0 foAs ork buJineJJ inGome rhrouth airtlmo loleh ro pmsramm¢rn, VertiSem •nd sponsoF& while dghdy manaiing b•d¢¥tIng c05tS Omd w4y we build the TV bu$es1 othity Ofe81n¥ IncrnlI?¥ mjmkn of vieworJ on FT¢oview. SAtElllt£ and Di8ltsL mty. It b qlIty pm8rkmrnln8 with vipwv •n8•8•rnenl through n¢ourwm¢n4 support prayerond the Wd of Ood, whl 4whin8 and tr41nlllS them th Ilff knd on biblical triilh, that to Mtttwi viwen to TBNUK, In oxp¢ot Iiomiol TV Verti018 wnd8wJn8onhlp 551•1 fv Ill¢[# gs wo 8ttrnctmox¢ v1•Tal0 TrN UK. blk benefft ¢30rgAGe Mi0•5 lurtheyg Its prlnqry objects by prornotlfj8 th <knpel ofJe4us Chribt and 4xt•#d1 the Chrijti fafth the ¢h4nu¢l. TBN UK. broidoA¥tinll 24ry to th¢ UDit¢d KinBdotM. Th¢ whtdule eontertt ftdvancès the ethiatton of ikn¢ public by te&chin¥ alld encowa8illh the adoption 4f Biblffi¢AI prlhoiplea and ¢thlos and Is supported by Radio, W¢b Sile, w4tch.tbll.uk str¢atnio¥ un F4¢¢boDk ThYitt•r, lttstwim, YouTuh.Colldtbmth ond TikphoDe wppgrt Includlng PrAyer Ilne The Chority do¢1 notVI w forniol ¢tant rnokin4 polioi¢s, YNANCIAL REVIEW Prluclp•l wurtei And ravlew of¥xp0ndltur• The primvlpl¢ sow¢p3 of inGom¢ ID the yeqr "&ir Itrne sajes" to other mlniytries Who pm8Ammes on TBN iJK 4dvkn¢v tho ChriJtiLn Rlt8ton by pmmothis the GOI1 ofJ¢sus ChrisL ID addlOn. adV¢rti.rnCnts And gpon¥orshlp wer¢ thtrEd. TV viewets a]Jo d¢cid#trJ make glfta and dollations Ilov¢mw Minialrl¢g hav¢ been dolnK this for * nvmbprofy¢arn aud 811 sy8tomi p¢Se8 ori wurklng wqll. GlobAI Proad¢wt TV trellds ere mostly to tho downslde ond ths p(M£ Covid enviTODmettt for msnistries b¢ins prepared to buy alrtlme on Chdstian Broadoast TV Ckannel8 to pioMot• thelr m¢ssa82 is down by appraxlm4t•ly 5(W• in ihe USA and the tIK 8inco th¢ high rewhod in thv 202212023 yQAr. Tht prmiiiini twmly to ihe upi14oATe all Hbout 8¢ttin8 N UK co1Stent via thq internt to th? most ¢OJw¢ni¢tst d¥v1 for owry ViEwer via tts¢ TBN UK app anytillL guywkw Ind ih•14tM¢s¢n¢ralffion of inm& ready smortrr8. Th¢ truslecy eoutin¢ to lighity mEneAe the eiwnditure PTQEW. Tnuro•s AppJovo ev¢ry paymont i¢b¢dult by ¢mail, rwglknawins how thuch is in the bank accourf b¢tbr4 4nd 4ft6r thEy 80 to Appn)v¢ lh¢ 3ch¢dth of pAymints. We ad0¢ th¢ Chri#ian r¢lision by prom¢)tinr& tlic gospel of Jesus Chriit to millfiom of htsrnes in ihe UK #nd Europ¢ Ihrou8h the business acttvity of a broR&ast TV ¢baJuLgL buyln% airti Disilal T¥restrl4t Platrni IFr4eYiew) Nnd Satellite Platfm (AstrA) $¢eM throu8& Slw electroni¢ progTWllmO Kuld PTowim¢ produ¢tion ciJJlJ continne to brittg mDr¢ UK and European produced connt to 7BN UK s¢hedul¢. Pllye I
REPORT VF THE TRITSTEES FOR THE VEARINDED 4 APIUL 21F24 Pro8r•nm¢ produdion l¥ 8oing to be gn thpreAOin8 of expets¢Jlture In ¢omth¥ y#ths. Howm¥r th¢ TrnX¢¢J pIad w réport tbat St)% ¢)f Ilie io th¢ ]BN UK sch¢ilule ore prothr¢ad within thE'UK gnd E4mp4 •ad alr¢o4y oornpty with Oknm'sT4qlllrnmellts. FiNANCL4L REVIEW 11•8¢T¥¢J poIIcy R¢serv¢3Poh'y which 18 intended forilie wl¢ urpose ofJupportiDgu8tstiAI stdff Ind tlId18 OPm¢ions la Ihp 0v¢nl of]Mforospon dlfflculll¢& Th¢moni18 forthORlIVeS PoJl¢y be¢ll wpfiom I0m0 ar¢Motitgrt orRSthd. Th¢ Trst¢¥ sgreed M r•s¥ryu poliey that requtra re8erv¢s be mabhtsin¢d I61 whkh th•t GrMAnCemEn1$I1J ¢or•ivity could continuo durins a p¢riod of Lmfor¢se¢n CDY¢rnlnB The chvity li ¢thll¢d by dooKmart, J d¢edoftrustMd ¢onJllsut•J #A othicorpgfeted ¢hqrfty. abJ¢ot of th• Tnt Is to JdvAnU thé Chrsstian hitlL ty the proelaThailon fotoTa¢t of th¢ 00 of God 1¢ornln8 His Son Jesus Chrf# our Lord and pnachfjn8 And ts&Uh of thc Word af Qod Jn the Vfjil¢d Kins4om And Eurpp¢ and 4Jthu p14ttJ d¢ty.Idad UPOD by the trn$r¢e5 ¢0)J81stent with th8 L)o¢trinE and Artioles of Bdl•f J•1 forth ID the fwgl ded. WI pritturfly athleva thlj throulh th• buJineJ6 of brOodcl1 on FV1¢Wh Sky and on Dllhal crullmintgnd ¥pputh#mtOff JAew tn Tho1• ihAII b#4t l¢art thrrn TJust¢•s. Bv¢ry Ilkn trujtu Ib1 b¢ appoinl¢d by a r¢iol¥¢ion Df th¢ Trusts¢s pas8¢d 41 a Apedal me¢till8 called undvr ClauM I I. In sel¢ctinB PèTSQW to b8 app)int¢d a¥ TTU5tsei, the Trnyte¢J shall lak¥ illto account th¢ b¢n¢filB of APPOilltln8 I pers011 ho 1$ able by Ylilut of hiy or her pwxmoj or profesg1s)nol quxlrfic8tiorA kn mak¢ A ¢ontrlbulion w thp pw$uit of th¢ obje¢t8 or them1nw4At Dftk• Chwity OwnliatknnAlilrw¢ur• Gov¢rnanetr MiwtheA has t¢St•d lh• Worklns Namas of TBN Europe, ( TV Clwinel ) 13N UK, ( TV Channel ) , workpl Mini8terJ ( Pfojnotlug •nd E8tsbli6hing WorkplE¢¢ or Mark¢tptac4 Chw¢h's ¢ioa$ citt¢i S¢minarg, Teftchlns M4tariAlJ, one to one m¢h¢oiing A l&iving Sleds ( Trolnlrng AndBuslneJs &tsool Estsblifjhtd im Si¢rra L¢on¢ ), nd One Palm Outr¢Aoh ms1On ID Nopal ( E8tsbllshins WorkplAu Chuto& itt N4¥At ). Mllllons of p¢opl• Are reAehgd thelrn•e& minTswMd t¢ wl¢h houaand$ makbiz cojitsul to tell u%. TTIDIty Btoadcpslins Netwthk he1dquprt• in CAlifornl4 USA <TeCSA) haj been o Ylilow p8rtaeE w11h GovernlJi MlntatdeA ftir both 7BN Euw¢ T3N UK 91nc8 2000, TCCYA has b&eTh ihe pximw sponipr to TBN Eurw and TYN UK for 25 yefjrf. Whil• we 4r• cornplrtety ¥¢pmte legal ¢niltle4 we cooperott to achieve a muth41 vislon. Th4t IJ to preach the Gospel of Jegus Chriik ond waking disclpks throu8k the Konomle Jcti¥ity of TV owdia nd In¢t¢8sln8ly ]nultitoedl& Trinlty BmDdwt Ntwurk bave notified the Tttttes tbil they hav¢ d¢vitsJ io Stop sponsorlng TBN UK from D<wnber 202& The Tw¥f¢eg th#nk Trinlty Broad¢t Notwork for 411 support AiVaL Th¢ GM TruAtee8 havo b¥ell in IAlks with rwlar•menl JponsorB $in¢• July 2Q24 expeel 10 a new sppnsor by Dec4mbor 2024. IDd4¢lloll andtrqioiog of new tntyt•J Th¢ Induclion and trdininsof trws¢8 Invojvej l. M8klMg Thte iwori of aIl curre chlty Commi$5ioM Gui4lanoe she8ts for Tnutws and the b¢gt th should follow lo ¢dny outthe rol¢ of trust¢e Z. Qlve c8ch ¢ copy of the fjOy¢nttc Mlnistriel Irugt deed and ortie1¢9 of b¢li¢f and anumber0lhf8tI¢ Bo fvI£eting Minur¢s ts siv¢ som¢ hi$tor1¢41 text. 3. Walk Tnwe£i Il)rnu3h Ihc Authori8i0814pprpvinA of weektylnwntkty sddule¥ ofexpendituri and htsiv kn contaGI th¢ fLoanco mgnwifthoy hrtve qu¢ri¢6 oy re91¢• iryfornwion. 4, KA. Flemlhg as fownder smior *4¢hhw thom every aspectof the Chariti¢s IJu5ine9s. their aKistin8 Pug¢
PORTOF THETRusfEES
FOR THE YEdREI¥DED 4APJUL1024
JtThgyandoppoththiii¢$ kn imptov4 iTrFludingvlsits4gMJrntaliv¢ &takd1th th th8Chtitity
srRUCTVRE, GOVUll¥AThCE AND.MANAGEM
R•Jt¢d p4rt
Th¢ ChHrity pay8MrRi¢hordFlkffjins ITrllyee) 4 fr4 (oli pK¢seiilalwm of Itivoi> fvr<on8ultsnGy xrViC (t4voioed by
Mknglon Gvd•n EJtht¢J .
• ¢Wy whh TnuiettIrc
RKPORT OFTHE TRUS9 FOR THÈ YEAR ENDKD 4 APRIL1024 STATEhlEI4TQFTRusfEESI RESPONSIBILfTJE8. conllnued The wJi¢#bk to ¢hAAtiu Ill EnÉldAd and Wal¢4 th¢ Clartti¢J A¢t 2011. Cèorfty (A¢counts 0011 Rtyts) Re8y&tioKg 2DDI th¢ pmvtsions of the triut d¢¢d wuirns the trnSt¢eJ to prq4Ar¢ financknl Ststents for £a¢h fm8llcial yar whicl £iy¢ i and f4ir view rrfthu #tst¢ of AffAirJ of tkn &riLy th¢ Iravp ond of the In¢omiDg TrY4Ju fj•d 4yUcatipn of r¢8oryKJ, includlft4 the in¢oDW p•1]r, Df the ¢Ity Ib¢ wrÉp for that Ptriod. ID pr¢p4fAwthose flwid41 ¥lAt¢rnw th¢ trust1 ar¢ roqutr#d ts . s¢l#t •il•bl¢ ttCCOWiryp)Ikl¢s 4fjd Ih•n •ppty them ¢Onsistoty: th• ntsthod5 Hud yill¢lpl¢J in the Chgrity 8OJiP, . rnakeiud8¢m¢Thts reasonllble alld pntht; 6twh¢ther applle4bl¢ 4o¢oiintin8 thndards have baen follow*4 SUbrt to w mqt•rlal d¢pknue8 diyck>3¢d and vjphinal ID the rje10] sthkniqnts,, pr¢pAr¢ the fjnanplgl stalemellts on th& going ¢on¢em b49ls uol•w It i81•4ppn>prf#ts lo sY¢gutyG that th¢ charlty pnd the w)upwiJl contlnue lu buBin¢ Tr¢ qr¢Np)llsibJe for k¢epiTr8propor acoountlag rewrd8 whkh diseLosewAth ff•sonabk accw any timo th¢ Ilnkn4N position tho chority and thi group and to Bndilc them to ens that lh¢ rMCIal s181oibeiits cojmpty Iwjth th# ¢h8rid¢s A¢1 2011. th¢ chty (Accounts aJ]d R4pDrisl R•Au]elioJhB 2008 and th pruvision5 of the tru¥l deed. Try •rc otsp respoJslbl¢ forsafe8uardlng the aJset$ of the charity And th¢ grwp h¢J¢ fot tAkiu¥ &sonable Atepi rorilK pr¢110 oDddqt4¢tfgn of fraud other Irr¢8uladti¢& Apprned by order 4f th¢ b0d of twsweo on .. . . .. . , SI8 ojh its IwhAJf by: RA Flemlni- TnJst¢¢ Page 4
REpoirfoF THE XNDEPENDENfAlmTfoRS TO TRUgTXES OF GOVERNANCE MSfRS CHARTTY FOR THE YEAR ENDED 4 APRIL2024 We have avdSted th¢ fllwiehj 6t#t¢ of GovorJisao• MlnistrifJ Chlty (the tlwlV) oryt fts Jwb5Athar&es {Ilp¢ °wupTr tht paided 4April 2W24 whieh compisp th¢ CoAJolidatyd Stst¢m¢Jrt of Jlinqnoi81 Advkle4 th¢ Con80li4at¢d Bal3[ Shcal, the CaThwliWcofth StAt4meLt notes lo the eollsolidat¢d fmwJ¢lal ttteluaing A of al8ttrfivant a¢eoumiti8poli¢io3. TAL¢ fittandal r¢ydng frameyrk thath&s b¢¢n wliod in lknii IYePAMtTOll Is icAbl¢ law and Unit¢d Kin8dom A(nting Siandads (Unlt¢d Killgdom Le11Y Aecwe In ¢)uropinionth•15nn¢lal ststernojrts: . 8iv¢ a fr[ attd fanv wow of the * of th• Arourfs Rftd &4wrlry'i affth gs 114 AprLI 2014 ¥Ad 4f its Inmi arnd 4pplle4tlan oft¢8OWtt6, forthoy¢arib¢ffi ¢nded,. hav¢ b¢•n pPerlY in ordanc4 whh ljnitsd Kirtgdom C¢rA)lY Awled A¢wuntiN%PThc¢1¢4' wid kna¥¢ be¢n prnpdred th Iccordm with ith¢ re4uiremehts of the Chriti¢i Agt 2011. BABli oplnlon W¢ gonductsd onr audii a¢vor4allee wlth ]nMrnational SIAndftrdJ on Audifing (UK) (ISAI OJK)) Jppll¢Rble IRW. Olr r¢8pon8ibilideJ undet those stllDdards Bre furthvr des¢rib•d in th¢ Auditors, r¢sportslbiLitws Ibo audli of the rinaDd41 gtstenwnts M¢(lan of rwrt. We or• indepead¢nt of the ¢hwlty 0] th¢ group in •¢¢ordm¢¢ with the ethi¢a] re4uArem¢nts that aro r•kv4ni kn ow Audlt of the finanoial $thtwnents In thè UK In¢Judini th¢ FRC'S h1¢&I Stsndord, and we hthve fu]All•d our othv elhlcal rn8pon8lbilltlu im g¢cQTdaI With thrft requirom¢nts. W¢ bolltv¢ that th¢ ludit WTdenoe w• hv¢ obmitt 5$ andapprnprilts to pmvid¢ A iwis ftir our oplnioD, ColleluJloll3 r¢lathig to golu co¢• In oudliifts th4 fjnHD¢lal w¢ laavè ¢oJJolu&d that th¢ tru1tve ofthe 1$ ¢onc¢m blS af 1)Ili8 thè prnp8r•tknu of th¢ fJn4nclal stjtements ts appropriat¢. B45ed on the work ha pwforrn¢d, we hAve Jyjt idelltified Any rnfjterl urt¢ertAinilegrelotlnsto events QT conditio9 thOL IndivlduAIIy OT ¢oUrIvety, miy Cast gi8rrifjcgnt OJJ th¢ ¢k8ritls ability lo ¢onUnu¢ •8 a ¥oln8 ¢ono¢m for a p•rlod of * leut twelve months from when th• fi¢1•1 BteffteAts Ar¢ authortsed lor155U¢. Our re¥on9ibilili¢4 Ibe re¥pon51bJliii¢s of tho tru1815 wilh rtspect to golng Collcern qre de5crlbed in th• rElm 8e¢(ioDs oftbly report, Othpr InfoTMat Iho trustcea Bre roJpon3lble for th¢ ¢)ther IntormAtlon. Tb¢ oth¢ff infom)atioll uomptiS00 ths inforniation iA¢lud¢d in th¢ Broup Annual R¢poi< other than the finanolal atstem¢nts Rgport of th¢ Indopondwrf Auditors th¢ffon. Omr oplnion on th¢ lhtte1 8mellts doej tt cover the other infonuation wept to otkeThiie •xplioitly st4t¢d In our nport, do not exw•JB ry fo]m of ¢on¢luJioA ther1. Ill ronnegtlon wlth our adI1 of th• fuMn¢ioJ 3tatempnts> our r¢SPom8ibility1s lo fead the other infomiation doi0¥ Jo, consider wh¢ther pther inforni&ttvn 18 rnaterlalty Inconsistent with the fuwnaiol ilthmnty Cr oyr knuwl¢dse obin¢d In the Audlt or oth¢twfrse 4ppe#rs kn be mHt¢rlally miBBtated. If w¢ id¥ntlfy Styoh mater[21 iD¢on8iMt¢nci¢s or appor¢nl mat¢rial rnisJlai¥ment4 W¢ 4r¢ iequlred to determln• whethr thi• 8111$ rix to & mat¢rial mlJ¥t•toment In th¢ finott¢ial slolernents thems¢lvos. If, on th¢ work w• haw pKf0nUe w¢ co>ndudg th4t there 15 a mkloryil mi$3t•t¢mentof thls cthér Infoth14lioD, we are x¢qulred to r¢port that fR¢t. We have nothittg to r#port in tb18 M¥tt•rs on whlch iv¥ are requlr4d to report by exeeptlon We have nothing to r4port itt r¢$peol of the fgllDwlng mer$ wh¢re the Chtrldej (A¢¢ounts artd R¢port¥) Roylat102 2008 re4uires us to r¢port È0 you if. in our opilln", th¢ ioforniAtion glv¢n in the Report of the TThstees 14 InFoAsisten¢ In aDy materf81 Tr8p¢rt wlth Ihe fu181 sIRt¢Thents' or iuftl¢ionta¢¢f)untins rrfoYd$have not b6¢n k¢pt' or (h¢ finan¢lal 8tatqm¢nts or< Aotin Egr¢emeJ)t wiiii the acroundns rn¢ords and rehS- or w* hovo noere¢eAY¢d Allthe InfOrn]r0ll aod explanations w¢ require forour dk.
REPORT OF THE JNDZPENDZNT Aviim)RS TOTHE TAUSTEES OF COVERNAI¥CE MINMsfRtE8 CHARtrY FOR THE YEAR EIIDZD 4 APAIIL2024 R•lbllltles of tnM¢•¢ As ewjwmd More filY in th# Staknwrt oeThuteeY'Re%ponhlfr the tru¥t•var• Y¢¥PQA#ibl¢ for the grepNFatlon or the ilnall¢Jal stqtollgnts whleh giv¢ 4 ojxl fAfr iy¢w, nDd for such Intox conlrol ¥ th2 d¢ierJnille is fr•ttl or to ¢nabl¢ th¢ prepArÈtlM of fmanoial stht¢m¢nts that Jre fr¢e m8t¢dd mlgStatua¢nL wh¢th¢r ID px¢ptrkn8 th¢ JMtsNènts, thi Inutees ar• xe5puthk for wtssills tb wup's nd the ¢harity's 4bllJty to tontill golog c<w dl¥¢losin¥, as appli¢abl4 molt¢n rdAt¢d to going ooneem End usins thé Aoins concetn bASiS of ¢•tIng ue$S thr trnmeB eithet iutvnd to liquidot¢ the or to ¢¢ase (v•110n4 ox hll no reaUstl¢ ahemattvo butw •0, Ppge 6
REPORT OFTIIZ ll4DEPE14DENT AUD01L8 TOTHE TRUSTEES OF IIOVEHNANCE CHAatTY FOR THE YEAR &NDED 4 APRIL2024 Ovr forth•udk ofho lwlAI 4tht•ment• W¢ hav£ bA¢n appoittled audltors undvsertitsn 144 ofthe Charltg Act 2QA I r¢p(xt iry 4¢Mwda1I Acr rolovAttr¢8thttow madeorkn¥iD& thot ther¢¢T. Our pbi1oFYfJ Ar¢ to r¢Ayonabk whethir th# finfiu¢tsl ¥18tÈm•J)ts wljolo or fre¢ from mfjt¢Ay wh¥thvr du¢ ro frAud or oyrofi to issu tt Report of tho ]Ld¢pd¢llt AudilOTS that inGludeJ our oprttiwj. R¢4Fonffbl¢ 40sutall is a level of as8uraoc4, bui Is Aol e guor& that art 4udit ¢omdud acMrdan¢¢ with ISAS (UK) will alwpy¥ de a mqtrf#l mis3tatem¢nt w]Kn 11 exlstL from fiwd Jre con8ld¢r¢d marial bf. Indiv[dA}ty OE lrt the AAMr¢8ate, Iljy could reasoAably be e¥ected lufiuenc¢th¢ of ustts th• b•18 of these fillan¢i¥l Thé oxt•ntlo whi¢h 0p10¢$ 4ree4pthb ofdetecting Irre8ulariti¢8, fraud IJ d¢t•ikd hpjow. Our appr04¢h Idethiifyln8 tho rIar¥ of Thdqriol MISIement In roJp4Qt of itioludEn8 frwl and non-¢ompllaNe Jaws Ind re8uiati¢)ns, aj followo: - the ¢n8agemffiE partner enswed that th¢ enVnIent teaw ¢olLed¢ty had the ippmprlw¢ comAe. capabiIltles Dnd skills to Ad¢D(ify non.¢ompliauo8 wlth 8pplieabl• IAWA #nd re8ulatiOn8: we idthJtlll¢d th# IAWJ ¢od r¢gulatlonJ lpplicablc to th6 Chorlty through dtscusiioni with trusl¢¢ Ind frnm our LblIMei41 knowl¢d8#afjd ¢xprrlence of the Clwity Sector. - w¢ dw¢lop¢d fjtd mnirrt8in¢d our und¢¥sthnding of thele IAWS gnd r¢sulations thmu3h rn8Thd1ry prDfwth c1011 focu108 specifjc laws fjnd voBulationJ whith we ¢onstder6d m8y h8v¢ o dir¢pt 3llthri810ffvL¢ on tbe att&iAI JlAt¢rn¢nts or opvr4lion6 of ihe ¢hqrltyi including the Charftl¢$ A¢1 2011. SORP {FRS102), th¢ Coffjmojj Reporttng Siwdard,. Aftd - Id¢MiifKd 18wJ And r¢wJhtion• w•rp uottwwnloat•d within th¢ oudli tM r¢8thty tho team r¢mo1thl alort to Inst5 of rn•COMplI80e thmu8hoNtth¢ audSt. Wt ¢tha th• Jujc¢pllblllty of th¢ Gmp'8 gnd the Cha¢ity¥ fjn4noio13tOt¢Ments to mtsiql mlJsto(#m•uL lttcludinB obtlnln8 in wdwstaodln% ofhow huud rni8ht Occr, by: - enquiries of mAnq8¢m6llt 49 ro whw• they ¢ONidered then w93 i¢116111ty to frnud, their knowl¢d8e of O¢tuaL 2uJp¢¢l¢d and 811e8ed fraud. ond - ¢onslde¥InB the Anttrn ¢Ontro]s Irt pl to mhi84k rliki Of frqud and non.cmp1lm wlth laws •od lewi1. W¢ r¢vA¢wed the Charityy Fro¢edum not gnly for ¢ngur]fjg It remains within th¥ Jaw, 11 how it ¢ks to prtyent b•comln8 a vithlm olintem and ext•rng1 iry¢8ul8Atleg Ingludinzfruud. To iddreBs th• risk of frd throu8h Jhwwemmt blas and mrrlde of wrttrols, w¢.. . perfornied wlytical wocedtyrcs lo Identify ony unuJ4al or tm¢xpe¢tsd re]ationthips,' Aad inv¢3ti8aled th¢ T4tM>nalr bchittd si8ulfiFAlltor unu8ual traDsa¢ilony. In Te4ponse to the risk of Irregu14TIti48 non-¢ompli8n¢¢ with13ws gnd regulations, de8i¥o¢d pmmdurns which include4 buf wu• limitsd ro: - Agr¢elfft& ftnAnoi41 slalement diJ¢lo8ur¢s to underlyin8 supwiiti¥ dncum¢ntAt50n' - roAding tht thinutssrfmeetlngg of those ¢h4rg¢d with 8oYefflan¢e,' and - qnquirkng of nww?nt49 lo Acts¢I ond POi¥ntialliti8atitin and olainll. B¢¢Au8e of the inh¢r¢nt ]iffjit4tions of Mudi4 therv Is a risk thqt wt will not det¢¢t all lffowlgrlti¢g, In¢lludi those luadimz lo 4 Mate thi¥jIatA¢ll1 In Iho )1nwlal sl4lqm¢ftts or nfjn.compllant¢ Nwlth Thi$ risk incre¢5 th morothat wli8D¢v WAth •18W Ot regulotion IJ rmov¢d from the wents Alld trAnsACtton$ ieflected in the finAncial at81 as we wllj bv hss lik¢lytr) b¢rom¢ awpre of in5¢ances of J]oll-compllance. Th< rlsk i? also 8r¢akr OrdIn¥ Itt¢iLdatrtMs o¢eurrkng du¢ to fraud rather thpo errori 89 traud knvolY¢g Intendonql fors¢ry, lI51Q11, ornlsilon or rniw¢pr¢3¢Ation. A furthw d¢sorlptlom pf our responsibllhlog fvr th¢ audit of the fin0141 stat¢ments iy IDcaled th¢ Flnanclal Reportlng Coun¢ll'$ wgbsilF fit www.frox>ry.ukJHuditornreJponsibititiy, Thig de8¢riplitsn fonxs parf gfour Report ofthe Indq)eDaent Auditor5, P48e 7
REPORT OF THE INDEPENDENT AiIDITORS TOTHE TRusfEES OF COVERNANCE MINISTRILS CEIARITY FOR I'HE YEAR ENDED 4 APRIL2024 Use of ollr report This report is made solely to the ch&rity's a body, in a¢Gordan¢e with Part 4 of the Charlties (Accounts and Reports) RegationS 2008. Our audit woth ha5 been undertakEJJ 50 that might slote to thF Glwity's knstees tho$0 matters we are rn4uiird to state to them in an auditors, report and for no otIr purpo8¢. To the fullest extent pemiitted by law, we do not accept or awin]e responsibilty to ally0 other than th¢ charity and the Gharity's trust¢¢s a5 a boty. fly our audit work. forth1¥ roport, or for the opinions we have fornie Mocabe Ford Williams Chartered Accountallts and Statutory AuditOi8 Charlton House Dour Streot Dover K¢nt CT16 IBL Da*.. Z3. Iz_z+ Page S
CONSOLIDATED STATENT OF FThANCIAL ACTivm£8
FOR THEYEARENDED4 APRIL 2124
207A
2023
UYC
coL]DATED HALANCE SHEYT 4 APRIL 2014 2024 2023 FIXED ASSETS T¥nslble gas¢ts No fllads 12 62A75 39,347 1,577.1 11 1,562J15 Stock Dobton 41 bank illhand 13 3JOO 6,018.439 4,047J34 3 68&553 8.980,462 8,333087 CREDrroR8 Amoujkn faJJio8 dul with1nY¢1r 14 (750,301) (1247,826) NET CURRENT ASSETS TOTAL A88ETS LESS CURRENT LIABILITlnS 9,307284 s41,$76 ?ROVI510NS FOR UABILmE8 16 (28,131) PO,286 NET ASSETS 9779 153 90 Unr¢strl6ted firf$ Flir va]u¢ • 17 P,694,761 .527,433 84 392 7 TCKTAL FUNDS All *pprovod by th¢ BoArd of Truit¢es and authoriied for i59uc on .. and w¢¢JiWd oll its behojf by,. R A Fi#mins- Trysts¢ M RAMw<- TThst¢v
4APRIL1024 2024 VJrvtrirt¢d i) 39,347 1,467,4lJQ 1.443A92 Casb at bahkandift hd 13 10661 4ffj39.599 3 673 121 9,990,Wa 8J33,420 CAKDITOXS Amounts foutsgdutwlthill ontyeBr 14 (743J93) (1,24L150) IqET CIIRRENT AS8V18 TQTAJ, A&4LTSLES8 CUAaENT UAJILrriKs 9,71S.169 8,531.862 NITASSETS 35 FUNDS Unreylrl¢t•d tsllds 17 IS 169 862 9715 169 a2 TOTAL FufiDS A¢ments w¥• appmved by th• Bo9zd of Trust¢¢a Ind Authorlryi for 115U• On -44,...... gnd wor• UD Its bel1[ by,, RA Fiimjn8. Trulee PA8¢ 11
CONSOUDATED CASH FLowsfAIEMENT FOR YEARENDUI 4 APRIL 2024 2024 CAsh Ilm from operAdDg¢ll¥hl•A Net casl prnvld¢dby4usod in) qiémlinsottivilies Cash Ilow• from IhYe¥thi¥ athlttss PDrdweoltwibJ¢ Sole oftaowble fwd tJt¢r¢stff¢¢iY4d (3fj723) 37AOJ N¢t ¢a3h (u#od inyprovlded ty Invtstlnl ?IvItI0$ In atsd ¢AJh ¢qulvl¢nts tkn reportthz perfod Cwh •ud equlvalonts at tho •ftbe i¢porllllKgwlod (797.834) 321.421 3 686 553 ph #nd ¢•th equlvA1¢411 At th• •nd or tk• repDrtJllgporAod 2 888 719 3 686 553 The fonn patt of th¢y¢ flnm¢l#l 51Arq5Denrg PAse J2
NOTZSTO THX CONSOLIDA7£D CASHSLQW TEmETr
RECONCJLIATION OF NETINCOMK TO NET CISH FLOWFROM OPEUTJNC
AcfJviTIES
2023
dlvAti•J)
AdJwfth•nts for:
rkpriolatioD thar
IDt¢sert rqth•d
In¢r
NOT£STO IHE CYJNSOLTDATEDFIMANCIAL 8TAT£MEiwf8 FOR THE YEAR END£D 4 APMILZ021 ACCOIINTJTriG pouaES Bqsii th fiB#atJal Jtatem¢nts Th¢ fujwial st4t¢thcnls of the cbarity. wh¥¢h 18 a p11¢ bpoefit FRS RiJ2. kne beell Pryor hj 4x0rda¢ wlih th¢ Charltkj SQRP IFRS 7412) ,AeÈu1lD5 Ajd R•pwtins by Clwiti¢s'. Statement o ROrtuI¢d Pra¢tl¢¢ appliL]• to ahartileg pr¢porin8 their In a0wrdall with ts Finan¢lat Reporting STAndard appli¢bl¢ In thi UK ond Republie of JrnJW tFRS J02) (¢ffetlivo l 2019), Finan¢l#l Re1& Slindwd 102 The Finanrtd Rcporthjs Stffjdard appIlble tn the UK alld Rkpublia of I8, ¥Trd lh¢ Qaritlts Aet 2011. Th¢ finAlleial stalemeJts bave bE¢n pjlpwed tsllder th• hiJtorA¢al co IWnVelltio4 wlth th# ¢x¢¢prion of Jnv¢sbnpnts which are In¢•d vohT¢. Iht Trngtsi¥ (offjd¢r th&t thtre mAt¢rfql Upminiiu th¢ 8r¢Jup'3 alld th¢ ¢lioTity'J ablllty to CoDthI u awin8 con¢¢rn. Tl¢ pr8s¢nMtional ofthe flnanowl statements Is the PowJdShtlin& (£). Th¥ 8rollp financlal 8tatements ¢oThwlidato the fmfmclal ststemejts of th¢ vhrity And its b8idiarle$ om a IIDe by lina b8sJ$. Unlform aocountlng p(trlicies 4r¢ adJpt¢d tho 8n>up4nd Interwup trIneonS ar• ¢IIffjioAt¢d on consolid41iaJL Ine AJI In4 i¥ ¢08[9•d in the Styt¢ment ofFiJ]an¢ial Agdyiiley on¢¢ the has entI¢¢t to th¢ Tt Is PTob8bk that th• in¢jon wiu be r¢qolv4d th¢thc•uth ¢m bvme45ur&1 rellobly. Thls ts olayJifi¢d as uurejtrloted fuad8 tsmle8s there Ji a contr4¢¥A] reqvirome4t Ibr li ¢0 bt iAt on A Pth11 pwpo¥e ond T¢thrn¢d if unspont• in whi¢h case it m4y bo re8ordod TtrA¢t Expelldlure Llfjbilities are rKo8nised al ¢XT¢nditure is soon 01 there iy 8 le841 or ¢on¥trudve obliption commirtioB IhB ¢harlty to thot exp¢ndlthr¢. It ts probabl¢ thAt A trgnyf¢r of eoonotyiG will be r4quired In &ittlnerti Aod th¢ amoujrt of thr obll4ation ¢gn b¢ meosured r¢llably. Expmdtture Sy d¢wunlpd for on an 4ccrual8 4nd his been LIw83ifi¢d und#r headlll8¥ th4t J8srogHle All Cosi relBtsd to the ¢a¢oxory. Where costs canttol be dir¢dly Attyibuted to particut4r headlnBs ¢h•y have b¢en aNtr¢Ad to llrtivlti¢J pn a bj6 nSiStenI wlth the uao of resources. AUotatioi14nd 4ppordonm411t of0jtr Costsh4ve been ollooot¢d 85 d¢¥med appropriaie by th¢ Tm•k¢'s, Dwi4tioll IJ provided at the followin$ onnuai In Ordw to writ¢ off 4a¢h sJsvl ovw Its ¢gtinhed llsvful PtQ8Tamm* Cojls Fllrnityre & Equlpm¢nt Motor v¢hides Computsr & Sound Equipment T#x4110 The ¢kHrty Iv oxempl froth thx on Its ehqrltsbk hrtivtil¢5. Fwxl •¢wuntlllg UnYvAri¢t¢d fiLLdi Can b• ed in 8c¢ordofr]o• with tho ¢harilible 0bJ•ottv¢J at the discTetfon of ih¢ 33% on cost 2J% oa r¢dJeknA b814lltt• 2D% on ¢0st 33% on r¢du¢iD& balance Restrio¢¢4 fynd$ Can onty b¢ USKI for Partioulfir re5tri¢ted yuo0s•6 Wrttbin the obJ¢¢ts of ihe charity, Re9tr1¢tions Aris# when èpeeifi¢d by the donor urwlion Amds are rafs¢d f¢xparti¢ul3rreatriLlcd purposes, FtsTth•r ¢xplaoation of th¢ And purpo¥ of oa¢h fitnd 15 in¢lud¢d in the nol¢s ¢0 th¢ rjaIl12tements. Pdge 14 continuvd,..
NOTll$TO THE COYSOLTDATLD FINANCIAL STATrMKFif8.rotstlnu FOR THE YRARENDED 4 APIUL2024 R¢lltyls pald are cbryd to the Ststement of Fil¢181 A4tivitieJ On a sts¥i8ht lint bJ 4)v•r tho p4rlodth¢ tsaye. eogts oth•r pog1-rellpam¢M¢ b•ll¢nt The chty npttatos contriTrutlon pwitin 8¢hemè. CoJlbutifjN paygbk to tha ¢harityY pe[Ort i¢hem¢ chwto the SIAl•mtntofFlnan¢talAG4ividJ tha p•rlod to whkh th¢y re]et R•Bat The ha5 tsk*n Ady4Thtage of exempli0 the tew of FInancial Rppthqs Standard FRS102 "Th¢ FIll4Doial Reporti St•lldArd appllo&blo in th# UK Ad Republio of Iroland., Dot to dlsGkn¢ re]ot¢d p IrOnJACtk)nswlth wholly obvwd Mbyldlarlu wlthiJJ tho8toup. Fixed InT¢Jlm¢nts Fixed ANa¢l IthV¢8thw Are IDItilY rrtorded at cost And subsequ¢nty me#sured at falr vtluts, If fair volDe nnot be r¢liabty mwured. ossets 4r¢ m4w5ured Ht c1 l¢M Imp4imi•AL Page15 ¢)ntinued.,.
N(YrEs TO THE CONSOLIDATEDFtNANCIALSfATETrIENTS.oollllDM¢d FOR THXYEAR£fiDED 4 APRIL ZQ24 IIONATIONS AND LEGACIES 2024 2023 DoDAtlons offvlngs 1509 876 2024 2023 Contributlon wod to belpJh#to¥rr)tiJw ¢ommibo¢Jrty Brdt airtim¢ sAles Pm8rtsmm•gyJ•sw5hip Ati¢ Ipots & advertith'8 saks 4.313,043 1.366.760 461,400 4,487,398 2,137,319 4Jl.2UO 217 322 JNCOM 2024 2023 129 150 ECONOMICACTIVITIES IN FURTHERANCE OFTHE CHARITY OBJKCf8 Otb¢r tr4dlni attlvltl 2Q24 2023 Stattw Rent of SdI08 Llc¢rt9• & EPG co8tg PTO8romm¢ ¢05 Fr¢¢vi¢wlGlob£o4stalrtlin¢ 566,270 120,500 $75.976 1.614.638 400,759 120,500 508,689 1789.3JO 5 402 388 0 309 165 Pw16 continued...
NfflZSTO IH£ CONSOLIDATED FINANCIAL STATKfvIKNTS-unthutd FOR THE YEARENDED 4 APM[LI4 SuppDrt {se¢ 0tr7) 70th19 Support Cojis Llving S•¢d5 210004 2AOJ04 928.444 4729 519 294 933 J73 1231467 29 SVPPORTCOSTS Qovern•n¢¢ To11 SpOrt Cèsts LlvhJ8 S¢¢ds 476,478 451,966 104 928,444 432 933 L73 TIIUSTEEY REMuf¥ERallOIY AND BENKFIT8 The Iru61¢eg' nrnun¢ron or other kM¢tlts for th• year ended 4 Aprll 2024 nur for th• ytsr end•d 4 Aprll 2023. Mr R Fl¢mlng J¢c•iveil pym¢lli duiin8 the y•ar for oonMltanoy $¢Tvi¢es knvolced prnitted by the Tn Deed and subMqu¢nt 5ppentsl D¢¢d Thè Annual ¢ost for Ih¢s¢ s¢rylc¢g was £90,QOO.12023 - £90.000) net of VAT, Invol¢ Monthly. Durkns th• Lyiir•ni y¢Er, thls amount W•S iow)iced through MI10n G•rd•n Egtal¢i LEmii¢d ampany of whlch MrSl¢ming l¥ o diJe¢tor, During thpyear, Tn#t¢do Indettthlty IDguranrA CO•tillg £6.104 (2023 . 16,104) pur¢has¢ In odditio4 trustee trr4v¢I ¢xp¢nse8 totHllini .871 (2023 - £9,872y W•T¥ knurred io the yeor, in thE maln to ¢LTrYer tyav#l to SitrraLtDne whgrn th¢ Charlty Is onAgiDB SUPPOrtErofa woj¢¢t Ibe, 8rAFF com 2024 2023 w¢3 JaI8ri¢s Oth¢r p¢nsion eosts 806JJ7 16 672,787 66 Th¢ 4rA8¢ roortthlynumberof employ•es durin8 the yeirwa8 u thltows,, 2024 2023 Admlnistrdtion & FlllBnc¢ DouoiMana8enw 15 ij Pw17 continue<t..
NOTE8 1f) THI CONSOUDATED FJNANCIAL STATEMErrr8. eootlllved FOR TJIEThR RNDED 4 APRIL 2024 srAfF COSTS tthlltknu¥ During th¢ye4r. oJi• memb•rofMffl2QZ3-iuD r¢¢eld¢th bttvKea £90.OOo xffd £iOO.QOO, In addiilofy otse meDthwofstthl2023- 1) r¢cel1 r¢MUD¢M b¢rw £60,000 £70,00D. IIK COMPARATIVISFORIIIK5TAThMKNT OFFINANCIIL ACTIVITIE9 XNCOMR AND ENDI)WMENfs FROM DomAtion8 8nd118a¢i¢s 1.509,876 E¢oAomi¢ wAivk]•s In furthtrw• ofthe CbArlty Obje¢tJ Investmonl ill¢om¢ Other trndins a¢tlvld¢8 7293239 46J13 EXTrENDrruRE O E¢onond¢ arttvltL¢s its furth¢rAO¢• olth¢ Charity Obie¢ts Othertrading aotivitiis 0.309,165 2,774 ge¢fvill DOTh10n• Support Costs Livln8 S¢¢dJ 377,859 1.006.032 404.859 Tol41 NETJNCQiVIE 751h21 G4lAlJoN 04 revaIAtIOn oliD¥tellts 121,143 Tax provhlon OJJ revaluAtlon of Iov¢91mthts TOTAL SVRPLUSI(DEVJcm FOR THE Y%AR RKCOf4CILtATION OFFUPID8 Totsl fuDds brou8ht forward 841478 7.775I12 TOTAL FUNDS CARRIED FORWARD Pa8e 18 ontlnurd...
PIOTE5TO THE CQK8OLIDAYED FINANCLL STATEMEwfs-roDtluued FOR THI YEAR It¥DEA APAUL2024 IL TANGIBLE iIIXEDAETS-CRO1lr AND C&41urY llowC Fmijlwe & Stmmd & Equipmtht ll1ment Totals COST At5 Aprll 2023 Addiiiooi 182.60 51J99 211.657 451864 At4April 102A 489 DEPRECIAnON At5 Awil 2023 CFthrye fw the year 111608 45fj24 185,285 413,517 At 4 Apri121)24 A95 536 427 012 NET BOOK YALiIE Al 4 April 21)24 At 4 Apr512023 39 12. FIXED A&g£T INVBSTMEfiT8- GROUP 2024 2023 1,514,548 1.523.168 1523 165 Unlisted invitmear8 MARKET VALVE At 5 April 2123 Fatr valuB 44Julm¢lli ID ycar At 4 April 2024 I,J23.168 1514548 i¥rr BOOKVALUK AI 4April 2024 1 SA4 548 At 4 Aprll 2023 1 $23 168 (IDvmance Mllllgtri¢8 Qarity Owlls IOOQA of th¢ pitAl In Oov¢nWj Wnijtrin Ltd, Oovnnuco MIoiJtri05 2 Lid •hd TBN iIK Lln)lts& Th¢¥p Share8 #re r¢movgd on conwlldadon. Po¥q 19 ootinu¢d...
NufEsTO THE CQN80LIDATED FJNANCIAI. StATEMENTS- ttfflthied SOR Thx AENDED 4 APRIL2D24 202J 325 Unllsled iovestm¢ LIIARKETVALU kns ApJ712023 32J At4AN112 32J NET BOOK VALVE At4Apth 2024 325 t 4 April 2023 32J Lo•w lo undertakln81 Al 5 Aprll 2023 1.403.92Q New 14 yeur lJ)80 At 4 Aprll 2fj24 The Chotrity jet up wholly owned 8ub#ltharle8 in the year 4 April 2022 and the itiV¢ikn¢ntr¢prig¢J]ts th¢%JQO Okn cAyitstl iu It al hos & 25% holdin8 in ISrbaD DffjvelopLtd (£25) dormant compny. Full d*laiJs a5 to the mov¢ments and puryoit8 ofth¢ INv¥fnMnli are Conthined in AQt¢ IS . Pqse 20 ntinued,..
NOITS TO CONSOUDATXD FtNANCIAL sfATEMEiYf8. eonthiued FOA TJIZYEAR ENOXD 4 APRIL2024 11 DEBIDR8: Amour FAiLD4C l)ui IvllHIN yKaR 2IY24 2023 J38349 21957 641,048 5.164,610 122 575 159,347 19,946 183.755 4,219.119 Oth¢r &btW6 VAT Pryaym¢nts 6 088 43SI 4 647 334 Th¢ VAT d•bior ttlit•s VAT f•f ¢lalms totsllin8 %5,16410 <2023.£4219,1191 whlcl hava be¢h withhem by IIMRC folknwlh8 onquiry bythm 7nto the ttcovvablbty of Input VAT on sorne ¢l¢m¢nt$ of rh¢ Clmritys op#atioo, The Trnotets b¢llèv•, huvthg nsIderabl¢ lesa] pmfesiional advlce. th2t the VAT 15 recoverabl¢ in full attd do not believe lh aproviiiskn 4ainyt th¢ d¢btor is Fcqulrtd. The Tniit1¢5 furtb¢rb2Jiw¢ that th• outrora¢ of th• thwulry and sny furth¢r ftclion by IW will bo G¢ttl¢d in the Charityi favour. 2024 2023 Trade dobtoro A¢orned in£t)me Oth¢r d¢btor6 LrAn to submdiories VAT Pripayments 138.249 21.957 641.0 19,058 5,163,749 122 575 lJ1267 19.946 183,780 J3,320 4219,119 6 106 661 4 659 599 14. CREDITORS; AMOUNT8 FAUING DUK wrrHIN ONE I'EAR GR13UP 2024 2023 Bank loan$ and ovardratb Trod¢ ¢r¢dltor8 Taxadon And soci81 se¢urity Oth¢r wditors 700,214 13.260 994.Q62 16.119 237 57J 750 301 CHATy onk I0S overthfts Trq<fr Gr¢diton Taxatioti 8nd s0¢iAI &¢curity OthCredIt3 700,214 15,266 994,020 15,970 743 124K IJO
NOM TO THE CONSOLIDATED FIIW4CtAL STATEMENTS-fOAt&thed FOR THK YEAR EFIDED 4 APRIL2024 Mfniumun l¢tsc paythts uDder m0n.L¥n£eliAble ope• kases fAII due u follow¥: 2024 2023 4)M and11 y4 200.OJI 2,633235 94 S50 10 118 234 The Charity has • LYJntrAOt with a providlr of the di$trlbuiioAL Pl*fon for Fr¢pview wstSng £2Q8J33 net per mollth. Awnin¥ undl 31 2027. Thi# l¥ guRr8Dtttd by TCCSA, tt US CbTity th has glw¢d belirti The Charity k8s¢s atydlo gpo¢e frorn Volunt4ry Se4tor c¢lltr x ehvlty with TThsts¢s In eornmon, al op•n offi¢¢ 4ace frotD ManBIotL Gardall Etht¢8 oiso 4topeA llthtV41u I& PROVJSIONS FOR LIABILrnZS 2024 2023 Defr¢d t&x 30 Def¢tr Inx B4f4net At S Apnl 2023 PMvid¢dthlll8 perAod 30,286 155 Balatt at 4 Aprll 2024 Pise 17
GOVERNA LWINiSTRtY8 CIIARYrY NiyrEs TO THE CONSOLIDATED FINANCIAL STATEMEwfs- ¢OXltsu¢d FOR THEYEAR ENDED 4APIIIL2024 17. CROUP At5A,23 4A.24 iInr¢mtrkt fond8 General fiwd Yatr va]u¢ a4lusth]ints 8,327A33 90,157 1,167,328 (6A65} 9ffj94.761 J92 1160 163 Not rnoveumt in tlmd4 kncluded in thc above 8r¢ follo InM9 Ro8ouNpJ m0vell7£ oxponded IN funds Unmtrfttod funds QrA1 7.803,317 (6135,989) 1,167) TOTAL FUND8 7803317 0 635 989 1107 328 Not moveme In fwid$ At 4.424 At 3,4.23 Unre41wlet4d Iulld• Q¢nor41 fund 8,535,862 I,A79,3 9.715.169 TOTAL FUNDS 8 J13 862 07 9 715 169 Npt movement In included in th above are As followj: I01¥ rogoiirc•s R¢iourc¢J M)vem4nt ¢xpended Uhrestrirtsd fullts G¢n¢ral lld 7,8QO,252 (fj,620,945) 1.179,3tr1 IWAL FUND8 7 $00 252 6 620 945 Page23 ¢Otslinll¢rl.,
NOTBfj TO TIII CONSOLII)ATKDFJf4A14 CIAL sfAT%MENTS- tILed FOR THE YEARENDED4 APRIL20Z4 GROUP Nel v¢Jll¢nl in ftytsds At 4.4.23 At5AJ2 Gener4lfuud F&trv2luv 4diy¥tsn¢JJls 7.775.112 ,527M33 90,937 90.157 TOTAL FVNDS 8 6L8 290 Comprflva nrtmovomertt kn thods, includ¢d In theabove Frn as fpllowL JncomlnK rèJDUT¢ R¢K*WC¢S MovemeTrt •xpellded In thndi Unr00trl¢t¢d a¢nthl fund 18513lO 18,100,6B9) 751,021 TOTAL FUNDS 852310 751621 CHARITY movoment ill funds At 4.4.23 At 3,4,22 Unr¢JtrJcted fll4 Gth¢ral f 7,777,192 758J?O 8,535.862 7 777 192 8 535 862 Compu4rlYenrf movum¢nt in funds. inchulcd kn tho Af4 u fouom: lacoming Y¢aQllM46 Re5QUto¥ ¢xpcTrled Moven7ent UnrnAtrlorodfMads Gen¢T•I fulld 8,850,028 (8.091.358) 758fi70 TOTAL FUNDS 7J P48¢ 24 contlnued,..
N(YfFS TO THE CONSOLIDATED FINANCIAL sfATZMEJYTg- coMtwMI FOR THEYEARRNDED 4 APBILm4 J7. AcmMa¢yoar U nthS prkny¢ar12 Month oombin¢d poJtiton18 * fgUow4; GllOiJP At 4A24 AJA.22 UDr¢Jlrki¢d GooEEo1 f¥nd Fairvalu¢ wljustmanlg 7.7Y5.812 1918,949 84J92 9,694.701 84J92 7 775 812 aL41 9 779 IJ3 A yur12 monih gTrd prfor year12 monthi ¢ombin¢d net moverjelli kn fulld4 Indvded In the aknv¢ •ft follows., Movuerti In fiwdg ourc¢i eXpdea UttYotrJ¢ied 0¢r01 16,6SJ,627 {14.730fj78J 1,91&949 TOTAL FUNDS 16 655 627 &L678) 1911949 CHA]UTY NI At 4.424 AtS,4.rA Vtttestrjcted 7,Tn,192 1,937,977 9.715,169 7777 192 1937 977 9715 169 A ¢llryont yw12 mofjib$ Alld prlpryear12 rnoniha combined n¢t movement In fulld5. inolpded in the &bov¢ arv ej follDWJ: In¢vmiD8 r¥wrc¥ movem11 in lund5 •xp¢nded UnTe4trA¢ted General fid 16,650,28Q (14,712J03) 1,937,977 TQTAL FUNDS 16650280 LL031 71
NIYITSTO THE CONSOLIDATED FIIWCIALSTATEhlKrn- tIU¢d FOR"IH£YEAR&3¥DED 4 APIIIL2024 18. RELATED PARTY IIISCLOSm$ R¢latsd porty 4r• IF dEsthdinilxr Trysrets Reprt Duriti$ 2019. an AnbrAt of £JWWO Was rn8d¢ kn On Intmtional LLG a co)Dpw]y In¢owDf&kd Rn th• US, Compatty numhr 69890. This is a vld¢o on drnnd chrftt1 m¢dii platthrn . Dur&llg •Jrlkr y¢ar. this W4 IraU¥y Inlo Governu¢¢ Miulsrrlu L1ryI1 a wholly sub)Adlwry. Th• loan Oovemw NfwiJtrk% Ltd li showths Js a Fixed As¥¢t InvHIMent in th¢ yqar Wh3lit thls plthiforn]16 not y¢t tljlty up th¢ Ih8fU$ are of th• opinioll tbat tliero h rjo ithpainn¢ntJn r¢spe¢t oftbls loan ot the bal¢¢ sheotor 91 offdth. Durlng a pt•vtous yeori th4 Chority had al) tr8nsf4ry4d its illv#8tmelll InManJli)n Llmi¢od InJ a wholly own¢d Jubsldlw, fjoysrnonce Mnistrlus 2 LImit. This T¢wEsents 8 Jharoholding of18.57% It th¢ eThl qnd 1$ not eonBAd¢r¢d by the Trustet4 to be in oxy WAY Impair¢d at the year end. The purpose of thlj Inveslm¢nl b to 0981st Ill devobpini th¢'Llf¥ C4mpb8" Wjcct alowide its vi¥wJary parther, Vojunlw Swk>r Thi$ InYertffj•rf ts olso showins ¥ aFix¢d Asyrt InveJlm¢Dt atihe yeqren
TAILED CQIISOLJDATED ATEMENT OF FINANCIAL AeTIVIYJES FOR THE YEAR 4 APRILIQ24 2029 IJ80,494 J,509,876 jotlvldw in thrth¢r4ne• orth¢ Cb4AtyObJect8 CoJtrAbultoa us¢d to helpllJ¢¢t OP¢Ati48 mod¢ast8lrtirn¢ s•5 4313.645 l J66,760 461,400 4,4VJ98 2,137,319 45121)0 217 322 Alrtlm¢ ippts & advttti8Ett8 JTrloJ 6,290.610 7,293,239 Othir IrAthitA¢dvliipJ 3.063 2,282 DI14¢) illttr 1291S0 TotAi thcomlDI T¢sowr¢ 7,803,317 8,852,310 EXPEP4DJTURE Oth•r trndlng 4¢¢1e3 Ec•Domlo 8thltit8 In funh¢ron£i olihe Chjrlty ObJeets W8s¢6 Penslool RBn¢otsbJdlts$ Lit¢nse & IIPG Ots Progr8nllDe FreevlEwlGlob¢¢ost oirtlm¢ 2,134 1774 553,t14 ?91,59l 11996 9,168 120,SOO 120,500 375,976 508,689 Ih14,638 2,789,310 04 2 439 907 3,402,388 6,309,105 Charltybl• •ctlvlil¢• PEJJ5iOIIS T¢chnI1 ¢quip & auwort Don&tlon$ FndraIsIn8 90,139 2.452 17,903 102,574 134?63 3.745 17,858 590,91J6 298,294 771659 This pft8e do4¥ not fonn part oPth¢ atolutyry financial styt¢ments Pogv 27
DETAILFIICONSOLIDATKD STATXMENT OF mATrICL4LAcfivITIZS FOR TUEITAR ZNDRD 4 APRIL2024 2Q24 2023 SllPPOrt¢oAts ManaEém¢n¢ Equlpmott hir¢ L)ffi¢¢r¢nt & nuMTng¢osls Told Postsse olld stAilon Advertiji rr & softwAre Tralnkn8 Trav¢1 & Jub&i$ltne• R¢pAirs & ienewd$ Deprec110rt 4ffvmltur• & ewipm¢ut Mntor vohlol¢J D¢pr•¢iadon of¢omputsr&t¢¢lmlcttJ ¢qulpmont 1.716 J5.829 6543 9J39 109fj37 390281 57,864 12,A71 7A66 41.214 135,862 19J,01S 21.799 28258 10,756 3J44 33,928 16.099 4.326 9,648 io 481,103 668.399 GonrJwne•cgJ41 Wa84S P¢n8ion¥ AudilWI' M?na8¢m¢nl fe¢har8e Lew & pwf¢s8lonAI feJ Flnonr¢ & sundry ¢hgr I63A04 1,234 21110 90,000 150.468 146.83J 1,281 13.745 90,QOO 76,039 452 070 347 Tothl r¢80pr¢pJ ¢xpendéd 6 635 989 8 100fj89 1167 328 751621 Thi# pgse I1nOt fonn part of¢h tstatutory finanolal at0th¢nts Pw28