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2025-12-31-accounts

Charity number: 1062847

Africa Services International

Registered number: 3371156

Trustees' Report and unaudited Financial Statements

For the year ended 31 December 2025

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1 - 2
Trustees' Report 3 - 9
Independent Examiner's Report 10 - 11
Statement of Financial Activities 12
Balance Sheet 13
Statement of Cash Flows 14
Notes to the Financial Statements 15 - 29

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS For the year ended 31 December 2025

Key management personnel
Trustees T Basupi
P Chiang
T W Cook (Chair)
M S Jones (appointed 1 January 2026)
A K Mahmoud
R L Maples
C McDougall
D Pate (resigned 31 March 2025)
H S Shepherd
A P Swanson
R K Thiel (resigned 31 December 2025)
A R Thiessen (appointed 31 March 2025)
Senior management personnel P J Everingham
K W Hart
W L Middleton
L Metz
M Pugh
Z Seid
R K Thiel
Company registered number 3371156
Charity registered number 1062847
Registered office Scott Place, Unit E
Abbey Wood Business Park
Emma-Chris Way
Filton
Bristol
BS34 7JU

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS For the year ended 31 December 2025

Independent examiner David Hoose, Forvis Mazars LLP
Chartered Accountants & Registered Auditors
90 Victoria Street
Bristol
BS1 6DP
Bankers UK HSBC Bank plc
Grosvenor Court
149 Whiteladies Road
Bristol
BS8 2RR
Bankers International Bank of America
2727 South 48th Street
Tempe
AZ 85282 USA
Solicitors Tozers LLP
Broadwalk House
Southernhay West
Exeter
EX1 1UA
Investment manager Merrill
225 Liberty Street 41st Floor
New York
NY 10281 USA

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

TRUSTEES' REPORT For the year ended 31 December 2025

The Trustees (who are also the directors of the Charity for the purposes of the Companies Act) present their annual report together with the independently examined financial statements of Africa Services International ("ASI" or "the Charity") for the year ended 31 December 2025. The Trustees confirm that the annual report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document 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 (FRS 102) (effective 1 January 2015).

Purpose, objectives and activities

ASI exists as a charity for the purpose of providing leadership and administration to a group of independent charities that co-operate together under the organisational name of AIM International. These charities include Mobilising Organisations that mobilise personnel to accomplish the stated goal of the larger organisation: "Go and make disciples of all nations, baptising them in the name of the Father and the Son and of the Holy Spirit, and teaching them to obey everything I have commanded you."

In setting objectives and planning activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit and in particular to its supplementary public benefit guidance on The Advancement of Religion for the Public Benefit.

Achievements and performance

ASI’s Board of Trustees met two times, in person, in June and November 2025. The Board of Trustees reviewed the stated ends of the organisation and received reports on the progress towards those ends. The Board also thanked Dr R K Thiel for his 12 years of service as International Director of AIM International and welcomed Dr M Jones as the new International Director, effective from January 2026.

The Board of Trustees continued to monitor AIM International's progress towards its stated ends, the risk environment, and its financial position, through executive limitation reports presented to them by the International Director throughout the year.

The Board of Trustees continues to lead AIM International under the following ends statement:

In dependence on the grace and power of the Lord, in partnership with African churches, with priority for unreached people groups:

Christ-centred, reproducing, culturally-appropriate churches formed among African peoples.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

TRUSTEES' REPORT (continued) For the year ended 31 December 2025

Achievements and performance (continued)

Specific sub-ends of the Charity include the training of African church leaders, mobilising of African missionaries, inviting African missionaries into AIM International's membership, engaging and reaching unreached people groups with the Gospel, reaching out to Africans who live outside of Africa, and a commitment to challenging, equipping, and educating the church in the organisation's sending nations towards mission through AIM International. The International Director reports to the Board of Trustees detailing progress towards each of these ends (most of the sub-ends have now been incorporated into the revised AIM International ends statement).

The Trustees and other key personnel were able to travel widely in Africa during 2025. The Trustees provide mentorship and oversight for field-based leaders and encourage and facilitate dialogue with partner churches and other like-minded organisations.

ASI held different training and management meetings in person and online for its members and leaders in 2025. An annual meeting for leaders of AIM International was held in Nairobi in June 2025. Significant discussions were held around the use of collaboration processes to explore key issues. Topics included resource mobilization, intergenerational ministry, marketplace ministry, communication, short-term programmes and conflict resolution. Two biennial conferences were also held during the year for between 200-300 AIM International missionaries, which focused on providing resources and encouragement to personnel engaged in outreach to specific people groups.

During 2025 the International Director visited various countries in Africa as well as connecting with mobilising directors and other key leaders throughout the year.

ASI also assisted a number of African missionaries in 2025 through its African Missionary Assistance and Majority World Missionary Assistance funds as well as its MK Education fund. AIM International is placing a specific emphasis on the mobilization of African missionaries and therefore ASI will continue to support initiatives that seek to achieve this.

During 2025 ASI expended £6,708 of its Famine Relief and Crisis Response fund to assist with emergency aid for refugees displaced due to conflict in the Central African Republic.

Financial review

ASI received unrestricted income which amounted to £513,361 for the year ended 31 December 2025 (2024: £342,943). Restricted income for the year amounted to £256,666 compared with £153,267 in 2024. Unrestricted expenditure amounted to £806,266 (2024: £758,596). Restricted expenditure amounted to £151,415 (2024: £237,901). The net movement in funds for the year amounted to an outflow of £120,902 (2024: £362,356 outflow) after unrealised gains on investments of £66,712 (2024: £137,931 unrealised gains on investments) and exchange losses of £72,628 (2024: £19,573 exchange gains).

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

TRUSTEES' REPORT (continued) For the year ended 31 December 2025

Financial review (continued)

ASI's income from charitable activities was £262,619 for the year ended 31 December 2025 compared with £274,693 in 2024. The decrease in ASI's income from charitable activities was a result of slightly higher member allocation income, offset by lower support income compared to the previous year.

ASI received unrestricted donations and gifts totalling £248,088 for the year ended 31 December 2025 compared with £46,254 in 2024, all of which related to donations to the Charity's designated funds.

Investment policy and performance

Stewardship is the driving principle regarding how ASI manages finances in general and specifically how the Charity invests the reserve funds of ASI. Detailed below are the investment stewardship principles that ASI has adopted:

  1. Investments must be made with an appropriate awareness of the need to protect capital;

  2. Investment of reserves and other liquid assets must take into consideration the need for liquidity to meet cash flow needs;

  3. Investments and holdings must seek to take advantage of opportunities for competitive returns; and

  4. Investments must address currency risks.

ASI has invested its cash reserves with Merrill which at 31 December 2025 had a market value of £319,504. The portfolio reported an unrealised gain in the 12 months to 31 December 2025 of £66,712.

The annualised time weighted rate of return for the year was 12.42% (2024: 12.49%). This compared with the following benchmark indices: S&P 500 Total Return: 17.88% (2024: 25.02%); ICE BofA US Broad market Bond: 7.15% (2024: 1.47%); and ICE BofA 3-Month US Treasury Bill: 4.18% (2024: 5.25%).

Reserves policy and going concern

ASI has a stated reserves policy that specifies that the Charity must maintain minimum general reserves greater than or equal to 6 months' or 50% of ASI's budgeted operating expenditure and not above 150% of ASI's operating expenditure. ASI's budgeted costs for 2026 is £319,800, and its budgeted income is £254,800, resulting in a budgeted deficit of £65,000. The Trustees expect to utilise ASI's retained general reserves during 2026 in order to continue to fund its charitable activity at normal levels.

ASI's unrestricted funds at 31 December 2025 were £1,727,910 (2024: £1,954,063). The Charity's general fund reserve at 31 December 2025 was £395,910 (2024: £527,150) and designated funds had decreased from £1,426,913 to £1,332,000 at 31 December 2025. The Charity's reserves during the financial year were maintained at a level over the policy's minimum requirement but below the policy's maximum requirement.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

TRUSTEES' REPORT (continued) For the year ended 31 December 2025

Reserves policy and going concern (continued)

ASI manages a number of international projects which results in it holding restricted funds at any time. Restricted funds increased from £98,848 to £204,099 at 31 December 2025. ASI also owns an office property and a number of residential properties occupied by personnel who serve at the Charity. The properties were historically purchased using the Charity's general funds.

Plans for the future

ASI will continue to pursue the objectives of AIM International as stated above, including the sub-objectives as defined by the Board of Trustees. The priority for the unreached peoples of Africa to hear the Gospel will continue to be the focus of activity.

ASI continues to support AIM International through the provision of a wide range of activities, which includes services in the areas of child safety, health ministry, education and wellbeing of third culture children, crisis and contingency planning, encouraging language acquisition, training and leadership development, developing partnership initiatives, supporting Africans in theological education, advising on the use of information technology, and providing financial and personnel co-ordination and member care

Structure, governance and management

Constitution

Africa Services International is a registered charity (No. 1062847) and also a company limited by guarantee (No. 3371156), registered in England and Wales. The Charity is governed by its memorandum and articles of association.

Method of appointment or election of trustees (continued)

The Charity's Trustees are selected in consideration of their godly character, good governance, and Board diversity in terms of men and women, AIM international's regions, ethnicity, age and experience. The composition of the Board is: the International Director, the Chair, seven AIM members and one to three nonAIM members appointed by the Board of Trustees. The Chair and all other Trustees are invited to serve a three-year term, and may be appointed to one additional term of up to three years.

New Trustees receive induction training from the International Director and the Chair of ASI as required. The Board also receives training periodically in relation to governance, risk management and their other legal responsibilities as Trustees of ASI.

Policy Governance and the Charity Governance Code for smaller charities

The Board of Trustees utilise the practices found in Policy Governance. The Board welcomes the guidance contained in the Charity Governance Code for smaller charities published in July 2017. The Trustees' application of Policy Governance ensures that the principles outlined in the Charity Governance Code are regularly reviewed and proportionately applied to ASI's operational context.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

TRUSTEES' REPORT (continued) For the year ended 31 December 2025

Structure, governance and management (continued)

Organisational structure and decision making

AIM International's seven Mobilising Councils send members to work together in countries in Africa or with African peoples living in their home country.

Members are assigned to work in either one of seven regions or one of two departments.

ASI co-ordinates the placement of AIM International's personnel and provides leadership, strategic planning, leadership development and accountability to ensure that AIM International as a worldwide organisation is accomplishing its stated objectives.

Related parties and co-operation with other organisations

None of the Trustees receive remuneration or other benefit by reason of their position as a Trustee from their work with ASI. Trustees are required to disclose to the Board of Trustees all relevant connections and interests in the same way as any other contractual relationship with a related party. During the year no such related party transactions were reported save for the Trustees' common interest as representatives of AIM International. The Charity's relationship with the Mobilising and Receiving Organisations that make up AIM International is set out in Note 14 to the financial statements.

Key management personnel

The Board of Trustees provides governance for the organisation and guidance and accountability for the International Director. Key management personnel of the Charity comprise the International Director, the Africa Ministries Director, the Chief Finance Officer, the African Development Director, the Communications Director, the Innovation Director, and the Personnel Director, who are in charge of operating the Charity on a day to day basis. All Trustees give of their time freely and no Trustee received remuneration in the year. Details of Trustee expenses and related party transactions are disclosed in Note 4 to the financial statements.

Volunteers

The Charity relies on voluntary help from members of AIM International to fulfil most of its key management personnel roles and in providing administrative and other practical support to the organisation. With the exception of the Chief Finance Officer and the Personnel Director all other key management personnel roles were fulfilled by volunteers during the year. The pay of senior staff is reviewed annually and normally increased in accordance with average earnings. Remuneration is benchmarked with charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.

Risk management

The Trustees have a risk management strategy which comprises:

AFRICA SERVICES INTERNATIONAL ~~(A~~ Company Limited by Guarantee)

TRUSTEES' REPORT (continued) For the year ended 31 December 2025

Structure, governance and management (continued)

Risk management

A key element in the management of financial risk is the regular review of reserves and the availability of liquid funds to settle debts as they fall due. The Charity currently has a good level of unrestricted reserves which mitigates this risk in the medium term.

Attention is also given to non-financial risks including governance and operational risks, external and environmental risks and compliance with law and regulations. The risk management review has not identified any significant new risks for AIM International in the past year. The review specifically considered the risk of climate change to AIM international and the work of its personnel. While recognising that this is a significant worldwide issue, no new policies or procedures were considered necessary at this point. Other reviews also evaluated risks associated with the training or preparation of new AIM international personnel, and found the existing policies and procedures to be adequate.

The availability of key management personnel who are eligible to reside in the UK during their term of office is a major non-financial risk for the Charity. A key element in the management of this non-financial risk is the regular monitoring of UK Visa and Immigration policy, undertaking personnel contingency planning and developing procedures that facilitate international operational flexibility.

Trustees' responsibilities statement

The Trustees (who are also directors of ASI for the purposes of company law) are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

TRUSTEES' REPORT (continued) For the year ended 31 December 2025

Trustees' responsibilities statement (continued)

This report has been prepared in accordance with the small companies regime of the Companies Act 2006 and was approved by the Trustees and signed on their behalf by:

M S Jones

Date 05/06/2026

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AFRICA SERVICES INTERNATIONAL

I report on the financial statements of Africa Services International for the year ended 31 December 2025 which are set out on pages 12 to 29.

Respective responsibilities of trustees and examiner

The trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements 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(b) of the 2011 Act.

This report, including my statement, has been prepared for and only for the charity's trustees as a body. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of the independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

Since the charity's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England & Wales which is one of the listed bodies.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AFRICA SERVICES INTERNATIONAL

In connection with my examination, which is complete, no matters have come to my attention which give me reasonable cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Signed:

David Hoose (Jun 5, 2026 08:29:24 GMT+1)

David Hoose Forvis Mazars LLP 90 Victoria Street Bristol BS1 6DP

Date: 05/06/2026

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (incorporating the Income and Expenditure Account) For the year ended 31 December 2025

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Restricted Unrestricted
funds funds 2025 2024
Note £ £ £ £
Income
Donations and gifts 2 256,666 248,088 504,754 199,521
Income from charitable activities 2 - 262,619 262,619 274,693
Investment income 2 - 2,654 2,654 21,996
Total income 256,666 513,361 770,027 496,210
Expenditure
Expenditure on charitable activities 3 151,415 806,226 957,641 996,497
Total expenditure 151,415 806,226 957,641 996,497
Net income / (expenditure) before
gains / (losses) on investments 105,251 (292,865) (187,614) (500,287)
Net gain / (loss) on investments 8 - 66,712 66,712 137,931
Net income / (expenditure) before transfers 105,251 (226,153) (120,902) (362,356)
Transfers between funds 11,12 - - - -
Net income / (expenditure) and net
movement in funds for the year 105,251 (226,153) (120,902) (362,356)
Reconciliation of funds
Total funds at the start of the year 98,848 1,954,063 2,052,911 2,415,267
Total funds at the end of the year 13 204,099 1,727,910 1,932,009 2,052,911
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The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure relates to continuing activities.

The notes on pages 15 to 29 form part of these financial statements.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

Registered number 3371156 BALANCE SHEET As at 31 December 2025

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31 December 2025 31 December 2024
Note £ £ £ £
Fixed assets
Intangible assets 6 198,454 186,896
Tangible assets 7 574,194 574,194
Investments 8 319,504 815,265
1,092,152 1,576,355
Current assets
Debtors 9 86,874 58,743
Cash at bank and in hand 765,919 437,878
852,793 496,621
Creditors
Amounts falling due within one year 10 (12,936) (20,065)
Net current assets 839,857 476,556
Total assets less current liabilities 1,932,009 2,052,911
Net assets 1,932,009 2,052,911
Charity funds
Restricted funds 11 204,099 98,848
Unrestricted funds 12 1,727,910 1,954,063
1,932,009 2,052,911
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For the year ended 31 December 2025, ASI was entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006. No notice has been deposited with the Charity under section 476 of the Companies Act 2006 requiring an audit to be carried out.

The Trustees acknowledge their responsibility for:

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

The financial statements were approved by the Trustees and signed on their behalf by:

----- Start of picture text -----
M S Jones Date
05/06/2026
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The notes on pages 15 to 29 form part of these financial statements.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS For the year ended 31 December 2025

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2025 2025 2024 2024
£ £ £ £
Cash flow from operating activities
Net movement in funds (120,902) (362,356)
Add: Amortisation of intangible assets 22,172 15,154
Less: Interest (included in investing activities) (2,654) (1,577)
Less: Foreign exchange on bank balances 91,655 (16,596)
Less: Investment revaluation gain (66,712) (137,931)
Add: Investment portfolio charges 6,770 10,710
Decrease / (increase) in debtors (28,131) (3,830)
Increase / (decrease) in creditors (7,129) (2,061)
15,971 (136,131)
Net cash inflow / (outflow) from operating activities (104,931) (498,487)
Cash flows from investing activities
Purchase of intangible assets (33,730) -
Purchase of investments (240,598) -
Proceeds from sale of investments 740,528 655,817
Interest received 2,654 1,577
Net cash inflow / (outflow) from investing activities 468,854 657,394
Net change in cash and cash equivalents 363,923 158,907
Cash and cash equivalents at the start of the year 437,878 279,605
Change in cash and cash equivalents due to
exchange rate movements (35,882) (634)
Cash and cash equivalents at the end of the year 765,919 437,878
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An analysis of the changes in net debt is provided in Note 16 of the financial statements.

The notes on pages 15 to 29 form part of these financial statements.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

General Information

ASI is a private company limited by guarantee and registered in England and Wales (Company Number 3371156 and Charity Number 1062847). Its registered office is Scott Place, Unit E, Abbey Wood Business Park, Emma-Chris Way, Filton, Bristol, BS34 7JU.

1. Accounting policies

1.1 Basis of preparation

The financial statements have been prepared in accordance with 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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Africa Services International meets the definition of a public benefit entity under FRS 102. The presentation currency of the financial statements is Sterling (£) and the financial statements are rounded to the nearest £. The comparative period is for the year ended 31 December 2024.

Going concern basis of preparation

After reviewing the Charity's forecasts and projections, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.

1.2 Company status

Legal status

The Charity is a company limited by guarantee and has no share capital. The members of the company are the Trustees named on page 1 of these financial statements. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. At 31 December 2025 there were 9 members (2024: 11).

Taxation

The company is registered with the Charity Commission as a charity and its main activities are exempt from taxation in accordance with the Corporation Tax Act 2010.

1.3 Income

Income is recognised in the Statement of Financial Activities when the Charity has entitlement to the funds and it is probable that the income will be received and the amount can be measured reliably.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

1. Accounting policies (continued)

1.3 Income (continued)

In accordance with the Charities SORP (FRS 102), the contribution made by unpaid volunteers to the Charity is not recognised as income in the financial statements. A description of the role played by volunteers and the nature of their contribution is provided in Note 5 to the financial statements.

1.4 Deferred income

Income received in advance is deferred in the Balance Sheet until the criteria for income recognition is met, at which point the income is recognised in the Statement of Financial Activities.

1.5 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the Trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Charity's work or for specific projects being undertaken by the Charity.

1.6 Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Expenditure on charitable activities comprises direct charitable expenditure and support costs incurred in overseeing and supporting the activities of AIM International and in the running of the International Office. Governance costs are those costs incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.7 Intangible fixed assets

Intangible fixed assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

1. Accounting policies (continued)

1.7 Intangible fixed assets (continued)

Software development costs are recognised as an intangible asset when the technical feasibility of the software has been proven, the software is in use within the Charity, it has been determined that the software will generate future economic benefits, there are sufficient resources to complete its development and there is an ability to measure reliably the expenditure attributable to the software during its development.

Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight-line method. Intangible assets are amortised over the following useful economic lives:

If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.

No amortisation is charged on assets in the course of construction until they are brought into operational use, at which point the assets are transferred to the relevant asset category and are amortised over their useful economic life.

1.8 Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets other than property costing over £1,000, over their expected useful lives, using the straight-line method. The rates applicable are:

Freehold and long leasehold property is not depreciated as it is the Trustees' policy to maintain them to a high standard. As a result the properties maintain their residual value at least equal to the book value. This means that any depreciation charged in the year and accumulative depreciation is rendered minimal. The properties are reviewed for impairment, in accordance with Section 27 of FRS 102, at the end of each accounting period.

1.9 Investments

Investments are stated at their market value on the balance sheet date. Realised and unrealised gains or losses are accounted for in the Statement of Financial Activities.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

1. Accounting policies (continued)

1.10 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amounts relating to future periods.

1.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.12 Creditors

Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

1.13 Financial Instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.14 Foreign currency translation

The functional and presentation currency of the Charity is Sterling (£). Transactions in foreign currencies are translated into Sterling at the rate ruling on the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into Sterling at the rate of exchange prevailing on the balance sheet date. Exchange differences are recognised in the Statement of Financial Activities in the period in which they arise.

1.15 Pension costs

Contributions to defined pension contribution plans on behalf of employees are recognised as an expense in the Statement of Financial Activities in the period in which they are incurred.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

2. Income

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|||||| |---|---|---|---|---| |Restricted|Unrestricted| |funds|funds|2025|2024| |£|£|£|£| |Income from donations and gifts| |Donations and gifts|256,666|248,088|504,754|199,521| |Income from charitable activities| |Member allocations|-|160,942|160,942|152,965| |Conference, training, IT & support income|-|101,677|101,677|121,728| |-|262,619|262,619|274,693| |Investment income| |Rental income|-|-|-|300| |Sundry income|-|-|-|546| |Interest received|-|2,654|2,654|1,577| |Exchange gains|-|-|-|19,573| |-|2,654|2,654|21,996| |Total income|256,666|513,361|770,027|496,210|

----- End of picture text -----

In 2024 income of £342,943 was attributable to unrestricted funds and £153,267 was attributable to restricted funds.

----- Start of picture text -----
|||| |---|---|---| |Income analysed geographically was as follows:|2025|2024| |United Kingdom|27%|51%| |Europe|21%|0%| |Rest of the World|52%|49%|

----- End of picture text -----

3. Expenditure

----- Start of picture text -----
|||||| |---|---|---|---|---| |Restricted|Unrestricted| |funds|funds|2025|2024| |£|£|£|£| |Expenditure on charitable activities| |Direct charitable expenditure|151,415|441,638|593,053|719,961| |Governance costs|-|19,429|19,429|26,753| |Support costs|-|345,159|345,159|249,783| |Total expenditure|151,415|806,226|957,641|996,497|

----- End of picture text -----

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

3. Expenditure (continued)

In 2024 expenditure of £758,596 was attributable to unrestricted funds and £237,901 was attributable to restricted funds.

Net income / (expenditure) is stated after charging:

Amortisation
Independent examiner's fee		 2025
£
22,173
2,898		 2024
£
15,154
3,000

a) Analysis of direct charitable expenditure

Directorate travel and activities
Consultant travel and activities
Meetings, conferences and training
Ministry and outreach support
Development activities		 Restricted
funds
£
-
-
10,384
141,031
-
151,415		 General
fund
£
28,203
45,680
14,348
-
10,406
98,637		 Designated
funds
£
-
-
232,378
86,002
24,621
343,001		 2025
£
28,203
45,680
257,110
227,033
35,027
593,053		 2024
£
29,382
48,747
232,881
339,862
69,089
719,961

In 2024 direct charitable expenditure of £189,241 was attributable to unrestricted general funds, £292,819 was attributable to designated funds and £237,901 was attributable to restricted funds.

b) Analysis of governance costs

International Council meeting costs
Independent examiner's fee		 Restricted
funds
£
-
-
-		 General
fund
£
16,531
2,898
19,429		 2025
£
16,531
2,898
19,429		 2024
£
23,753
3,000
26,753

In 2024 all £26,753 of governance costs was attributable to unrestricted funds.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

3. Expenditure (continued)

c) Analysis of support costs

Staff costs
Co-operative support
Residency and housing support
Insurance and business rates
Property repairs and maintenance
Office running costs
IT, communication and printing costs
Amortisation
Bank and portfolio charges
Exchange losses		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-		 General
fund
£
135,171
-
10,330
7,482
27,958
6,535
55,701
22,173
7,181
72,628
345,159		 Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-		 2025
£
135,171
-
10,330
7,482
27,958
6,535
55,701
22,173
7,181
72,628
345,159		 2024
£
145,537
1,721
15,251
7,215
21,157
10,042
21,487
15,154
12,219
-
249,783

In 2024 all £249,783 of support costs was attributable to unrestricted funds.

4. Staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs during the year were as follows:

Salaries and wages
Social security costs
Pension costs		 2025
£
117,366
5,866
11,939
135,171		 2024
£
123,338
7,535
14,664
145,537

The emoluments of one employee was within the range £60,000 to £69,999 during the year (2024: One employee received emoluments in the range £60,000 to £69,999).

No Trustee received any remuneration from the Charity for their services as a trustee during the year (2024: £nil) [neither were they reimbursed expenses during the year] (2024: £nil).

The total employee benefits of the key management personnel of the Charity was £92,622 (2024: £104,832).

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

5. Staff numbers

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |No.|No.| |Administration|4|5|

----- End of picture text -----

In addition to its employees, the Charity received voluntary help from members of AIM International which amounted to an additional 5 Full Time Equivalent staff during the year (2024: 5).

6. Intangible fixed assets

----- Start of picture text -----
|||| |---|---|---| |Software| |development| |costs|Total| |£|£| |Cost| |At 1 January 2025|202,050|202,050| |Additions|33,730|33,730| |At 31 December 2025|235,780|235,780| |Amortisation and Impairment| |At 1 January 2025|15,154|15,154| |Charge in the year|22,172|22,172| |At 31 December 2025|37,326|37,326| |Net book value| |At 31 December 2025|198,454|198,454| |At 31 December 2024|186,896|186,896|

----- End of picture text -----

Amortisation of intangible fixed assets is included in expenditure on charitable activities within support costs.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

7. Tangible fixed assets

Properties &
improvements
£
Cost
At 1 January 2025
574,194
At 31 December 2025
574,194
Depreciation
At 1 January 2025
-
At 31 December 2025
-
Net book value
At 31 December 2025
574,194
At 31 December 2024
574,194		 Computers &
equipment
£
2,740
2,740
2,740
2,740
-
-		 Total
£
576,934
576,934
2,740
2,740
574,194
574,194

Property historic cost and value

At 31 December 2025 the Charity owned 5 properties in Bristol which had a combined historic cost of £524,770. Four properties are freehold (historic cost: £469,690) and one property is long leasehold (historic cost: £55,080). Subsequent capital improvements on certain of these properties has increased their historic cost by £49,424. All of the properties are shown in the financial statements at their historic cost.

The Trustees believe the market value of the Charity's properties significantly exceeded their historic cost. The properties had a combined insurance value of approximately £1.9 million.

8.
Fixed asset investments
Market value
At 1 January 2025
Additions
Disposals
Portfolio charges
Revaluation gain
Exchange rate loss
At 31 December 2025		 Listed
securities
£
815,265
240,598
(740,528)
(6,770)
66,712
(55,773)
319,504

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

8. Fixed asset investments (continued)

All of ASI's fixed asset investments were held overseas in a pooled investment fund arrangement on behalf of AIM International. The pooled investments comprise equity and fixed income holdings which are managed on behalf of the Charity by Merrill.

9. Debtors

Due within one year
Other debtors
Prepayments and accrued income		 2025
£
4,655
82,219
86,874		 2024
£
16,847
41,896
58,743

10. Creditors: Amounts falling due within one year

2025
£
Other creditors
6,260
Accruals and deferred income
6,676
12,936
An analysis of the movement in deferred income during the year was as follows:
At 1 January 2025
Resources deferred during the year
At 31 December 2025		 2024
£
7,376
12,689
20,065
Deferred
income
£
-
-
-

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

11. Analysis of movements in restricted funds

Year ended 31 December 2025:

Majority World Missionary
Italy Property
AIM Stories Projects
African Missionary Assistance
Famine Relief & Crisis Response
African MK Education Fund
Assistance
Restricted funds
TIMO Development
Support Funds		 Brought
forward
£
3,559
41,813
-
13,526
-
6,713
23,235
10,002
98,848		 Incoming
resources
£
4,829
11,054
485
23,388
143,374
7,397
65,757
382
256,666		 Resources
expended
£
(4,109)
(38,208)
-
(6,708)
-
(16,755)
(75,251)
(10,384)
(151,415)		 Transfers
in / (out)
£
(4,279)
-
-
-
-
4,279
-
-
-		 Carried
forward
£
-
14,659
485
30,206
143,374
1,634
13,741
-
204,099

Restricted fund transfers during the year ended 31 December 2025 comprised a transfer of £4,279 from ASI's African Missionary Assistance fund to ASI's Majority World Missionary Assistance fund which have compatible project objectives. ASI's African Missionary Assistance restricted fund was then closed.

Year ended 31 December 2024:

Restricted funds
African Missionary Assistance
African MK Education Fund
Famine Relief & Crisis Response
Majority World Missionary
Assistance
Support Funds
TIMO Development		 Brought
forward
£
25,925
74,462
29,838
43,921
11,408
9,928
195,482		 Incoming
resources
£
19,624
10,689
14,925
8,267
99,688
74
153,267		 Resources
expended
£
(41,990)
(43,338)
(31,237)
(33,475)
(87,861)
-
(237,901)		 Transfers
in / (out)
£
-
-
-
(12,000)
-
-
(12,000)		 Carried
forward
£
3,559
41,813
13,526
6,713
23,235
10,002
98,848

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

11. Analysis of movements in restricted funds (continued)

Description of restricted funds

12. Analysis of movements in unrestricted funds

Year ended 31 December 2025:

Designated funds
General fund
Unrestricted funds		 Brought
forward
£
1,426,913
527,150
1,954,063		 Incoming
resources
£
248,088
265,273
513,361		 Resources
expended
£
(343,001)
(463,225)
(806,226)		 Transfers
in / (out)
£
-
-
-		 Gains /
(losses)
£
-
66,712
66,712		 Carried
forward
£
1,332,000
395,910
1,727,910

Designated funds comprise the following:

African Member Health Insurance
CHARIS II Project
Contingency Fund
AIM West Africa Fund
Global Integrated Strategic Plan
Vision Funds
AIM Stories Grants & Equipment
International Capital Property
Designated funds
Global South Leader Support
Leadership Transition Support
and Organisation Development		 Brought
forward
£
31,721
24,839
39,188
188,828
244,672
52,799
15,500
574,194
36,500
218,672
1,426,913		 Incoming
resources
£
-
4,960
3,479
17,347
-
-
-
-
21,116
201,186
248,088		 Resources
expended
£
(1,516)
(5,702)
(42,667)
(10,649)
(3,620)
(23,638)
(15,500)
0
(16,997)
(222,712)
(343,001)		 Transfers
in / (out)
£
-
-
-
-
-
840
-
-
(256)
(584)
-		 Carried
forward
£
30,205
24,097
-
195,526
241,052
30,001
-
574,194
40,363
196,562
1,332,000

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

12. Analysis of movements in unrestricted funds (continued)

Designated fund transfers during the year ended 31 December 2025 comprised the following:

Year ended 31 December 2024:

Brought
Incoming
forward
resources
£
£
Designated funds
1,561,478
46,254
General fund
658,307
296,689
2,219,785
342,943
Designated funds comprise the following:
Brought
forward
£
33,194
14,542
48,115
248,024
248,453
94,669
-
574,194
-
300,287
1,561,478
International Capital Property
AIM Stories Grants & Equipment
CHARIS II Project
Global South Leader Support
Leadership Transition Support
and Organisation Development
Vision Funds
Designated funds
Unrestricted funds
African Member Health Insurance
AIM West Africa Fund
Contingency Fund
Global Integrated Strategic Plan		 Resources
expended
£
(292,819)
(465,777)
(758,596)
Incoming
resources
£
-
15,780
-
-
-
-
-
-
-
30,474
46,254		 Transfers
in / (out)
£
112,000
(100,000)
12,000
Resources
expended
£
(1,473)
(5,483)
(16,843)
(59,196)
(3,781)
(31,599)
-
-
-
(174,444)
(292,819)		 Gains /
(losses)
£
-
137,931
137,931
Transfers
in / (out)
£
-
-
7,916
-
-
(10,271)
15,500
-
36,500
62,355
112,000		 Carried
forward
£
1,426,913
527,150
1,954,063
Carried
forward
£
31,721
24,839
39,188
188,828
244,672
52,799
15,500
574,194
36,500
218,672
1,426,913

Designated fund transfers during the year ended 31 December 2024 comprised the following:

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

12. Analysis of movements in unrestricted funds (continued)

Description of designated funds

African Member Health Insurance - a fund to assist paying for African members' health insurance. - AIM Stories Grants & Equipment a fund to assist AIM Stories (formerly OFM) projects and equipment. AIM West Africa Fund - a fund to assist in developing AIM ministry in West Africa. CHARIS II Project - funds for the research and development costs of a new HR system. - Contingency Fund a fund to assist with emergency or evacuation costs for members. Global Integrated Strategic Plan - a fund to assist with innovation, intercultural training, missional church partnerships and mobilisation initiatives.

13. Analysis of net assets between funds

Intangible assets
Tangible assets
Investments
Debtors
Cash at bank and in hand
Creditors due within one year		 Restricted Unrestricted
funds
funds
£
£
-
198,454
-
574,194
-
319,504
-
86,874
204,099
561,820
-
(12,936)
204,099
1,727,910		 2025
£
198,454
574,194
319,504
86,874
765,919
(12,936)
1,932,009		 2024
£
186,896
574,194
815,265
58,743
437,878
(20,065)
2,052,911

14. Related parties and co-operation with other organisations

Mobilising Organisations

The Charity is connected with the Mobilising Organisations that form the member body of AIM International. There are currently seven Mobilising Organisations: Asia-Pacific, South America, Canada, Europe, South Africa, Korea and the USA.

Amongst other activities, Mobilising Organisations are responsible for collecting and then distributing member allocations to ASI that usually comprises the majority of the Charity's annual income as recorded in the Statement of Financial Activities.

AFRICA SERVICES INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025

14. Related parties and co-operation with other organisations (continued)

Receiving Organisations

The Charity is also connected with the Receiving Organisations that form the member body of AIM International. These organisations, usually registered in their country of operation as an NGO, comprise regional offices as follows: Central Region in Kampala, Uganda, Eastern Region in Nairobi, Kenya, Southern Region in Johannesburg, South Africa, Diaspora Region in California, USA, and Northern and Western Region. In addition to these regional offices AIM International also has training and support service offices located in Nairobi, Kenya. Most of the charitable activity undertaken by ASI is facilitated in co-operation with this network of regional offices.

15. Pension commitments

The Charity makes defined pension contributions on behalf of eligible employees. The assets of the scheme are administered by an independent pensions provider. Pension payments, recognised as charitable expenditure within support costs during the year amounted to £11,939 (2024: £14,664).

16. Post Balance Sheet Event

After the balance sheet date, the Charity entered into arrangements to acquire an office property in Italy for €325,000, with completion on 15th January 2026. This office will be used by Northern Region's office team. This is a non ‑ adjusting post balance sheet event and therefore no adjustment has been made in the financial statements.

17. Analysis of changes in net debt

Cash and cash equivalents
Cash
Borrowings
Debt
Total		 At 1
January
2025
£
437,878
-
437,878		 Cash
flows
£
363,923
-
363,923		 Foreign
exchange
movements
£
(35,882)
-
(35,882)		 At 31
December
2025
£
765,919
-
765,919