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2023-12-31-accounts

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Flying torLife
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Mission Aviation Fellowship UK (MAF UK)

A company limited by guarantee, not having share capital

Annual Report and Financial Statements for the year ended 31 December 2023

England and Wales Registered Charity Number: 1064598 Scottish Charity Number: SC039107

Company Number: 3437446

Mission Aviation Fellowship UK - Annual Report & Accounts 2023

Contents
Section Page
Report ofthe Trustees
Public Benefit 3
Operational Impact 3
Rescuing people from domestic violence and enabling education in Arnhem Land 3
Carrying Christians and medical cargo to remote areas in Chad 4
Assisting evangelisation, Bible translation and malaria prevention in Guinea 4
Bringing the Gospel and clean water to Kenya 4
Providing Liberia’s remotest regions with healthcare 5
Combatting the effects ofCyclone Freddy, polio and helping UNICEF in Madagascar 5
Helping vulnerable youngsters and female prisoners in Papua NewGuinea 5
Feeding refugees and providing medical oxygen in South Sudan 6
Providing stress-free flights for mobile clinics in Tanzania 6
Saving lives and promoting health in Timor-Leste 7
Collecting artificial limbs and feeding schoolchildren in Uganda 7
Objectives and outcomes in 2023 8
The MAFTeam inthe UK 9
MAF in Scotland 9
MAF Youth, International Staff 9
Training Schemes 10
Conclusion for 2023, Future Plans 10
Strategic Report i
Financial Review lia
Investment Powers and Policy 12
Reserves Policy 12
Principal Risks and Uncertainties 13
RiskManagement 13
Fundraising Methods and Processes 13
Structure, Governance and Management 15
Governing Document, Appointment ofTrustees, Trustee Induction and Training 15
Organisational Structure 15
Governance 15
Safeguarding 15
Remuneration Policy 15
Related Parties 16
Internal Controls 16
Trustees’ Responsibilities in Relation to the Financial Statements 17
Provision of Information to Auditors 17
LegalandAdministrativeInformation 18

Mission Aviation Fellowship UK - Annual Report & Accounts 2023

Message from the Chair of Trustees

See, | am doing a new thing! Now it springs up; do you not perceive it? Isaiah 43:19

2023 was, for us, a year of new beginnings. We give thanks that Donovan Palmer, the former CEO of Mercy Ships and UK National Director of YWAM, joined MAF UK as Chief Executive at a time when we are seeking to grow in order to fulfil our vision to see isolated people changed by the love of Christ.

Although we are living through a time of political and financial uncertainty, the need to increase prayer, financial support and the recruitment of staff is greater than ever. We look forward to the MAF UK team flourishing under Donovan’s leadership and helping to meet the ever growing needs across the world.

With the help of the Lord we are ready to face the challenges which lie ahead. As the UK faced the biggest downturn in legacy funding in recent history, 2023 saw us begin a far-reaching review of the way we operate as a mission and seek to raise the funds necessary to serve in some of the world’s remotest regions.

All this occurred in the context of the increasing cost of living in the UK, the continuing war in Ukraine and the horrors of another conflict, this time in the Middle East.

Having, in the words of Donovan, placed our 78 year old organisation in a ‘start up’ entrepreneurial mode, we have begun to see some encouraging progress. We have geared up to innovate in facing the physical, spiritual and financial ‘challenges’ preventing us from raising vital support for the vulnerable communities who desperately need the necessities we take for granted.

Our 2023 Trustees’ Report shows that there remains much for which to thank God. Our planes enabled the lost and lonely to experience His light, with our pilots, personnel and partners directly helping lives to be changed and communities transformed as a result of MAF flights.

By way of example; thanks to our selfless volunteers, supporters and staff, we enabled educational activities in Arnhem Land (Australia), carried medical cargo to remote areas in Chad, assisted Bible translation in Guinea, brought clean water to needy places in Kenya, provided access to healthcare in some of Liberia’s remotest regions, helped combat the effects of Cyclone Freddie in Madagascar, met the needs of vulnerable people in Papua New Guinea (PNG), and fed refugees in South Sudan.

As ever, we are extremely grateful to the Lord for keeping MAF’s planes and personnel around the world safe. In particular, we are thankful for His provision of:

We trust that, in the Operational Impact section below, you'll be inspired as you read some of the stories of the work made possible by God’s unfailing goodness and your sacrificial gifts and prayers. The stories provide a brief snapshot of how someofthe world’s poorest and most embattled people were able to experience His help, hope and healing during 2023.

We are so grateful to all those who, by wrestling in prayer for us, enabled us to continue fighting the good fight against death, danger, drought, and deprivation — keeping our planes airborne despite the very considerable economic headwinds of 2023.

| offer a personal message of warm thanks to all those who supported us in 2023.

Matthew Burton

Chairman

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

Message from the Chief Executive

Years ago, in my teens, | was deeply inspired by MAF’s story in South America. The commitment of MAF staff in combining faith with professionalism to operate aircraft in some of the most difficult to reach places in the world is a unique and extraordinary legacy that has stood the test of time.

Joining MAF UK as Chief Executive, I’m increasingly aware of how we stand on the shoulders of spiritual giants such as Stuart King, Jack Hemmings, Betty Green and Nate Saint. Giants who emerged from the destruction of World War || seeking to glorify God by using aviation and technology to bring practical help, spiritual hope and physical healing to remote and isolated areas.

Today, at a time when the need for our light aircraft is as great as ever, world leaders have warned that, without concerted action to reach the most vulnerable and isolated communities, the 2030 global poverty goals won’t be met.

Now, as the year comes to an end and we look towards 2024, | continue — with God’s help and the generous and heartfelt support of our tremendous team of volunteers, financial supporters, prayer partners and personnel — to lead MAF into a future where we can play our part in meeting these goals and be at the heart of this worldwide response to a broken planet.

Apart from improving and enhancing our Folkestone office for new ways of working, we have already spent time identifying and establishing a set of cultural norms that will effectively position the charity for the next chapter of our history and better define how best we can work together.

At a time when we’ve been experiencing a significant hold up in the processing of legacy income alongside a declining number of regular givers, our goal has been to hit ‘net zero’, where the number of new donors equals the number that we lose every year. | therefore give thanks that this has been achieved.

| am extremely aware that, although it’s the aircraft and staff in our overseas programmes that physically meet the needs of countless vulnerable, dispossessed, disadvantaged and despairing people, you are the foundation on which our work is built.

It is your support that has enabled us — despite the challenges mentioned in this Report —to continue reaping a golden harvest of good news among men, women and children in low-income countries worldwide, and for inspiring us to serve them.

| look forward to the exciting New Year ahead of us as we seek to implement ambitious new plans for growth so we can best serve the world’s most isolated people, so please be assured that we will continue to meet your expectations for MAF as we seek to change the world one flight at a time.

Donovan Palmer

Chief Executive

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

Report of the Trustees for the year ended 31 December 2023

The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

The Trustees, who are also Directors of Mission Aviation Fellowship UK (MAF UK) for the purposes of the Companies Act, have pleasure in presenting the Report and Accounts for the year ended 31 December 2023. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 (as amended), regulations 6 and 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended), the Articles of Association, 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, October 2019).

Public benefit

The Trustees confirm that they have had regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. As illustrated in this Trustees’ Report, MAF UK supports the worldwide work of MAF, which aims to reach people living in some of the most isolated parts of the world.

In many countries, insecurity can render road travel highly dangerous. MAF’s fleet of light aircraft enables access to remote communities, connecting those in need with those that can help. Even in places where it is safe to travel, there may be no roads or, if roads do exist, they can become impassable for months at a time due to natural disasters, adverse weather conditions and conflict.

Operational impact

Except where stated otherwise, the references to “MAF” represent MAF’s worldwide operations?.

MAF’s mission is to see isolated peaple changed by the love of Jesus as our overseas personnel use aviation and technology to bring help, hope and healing to some of the remotest places on earth. We swiftly, safely and efficiently fly people and organisations to communities that are hard to reach or are cut off from the outside world due to geographical barriers, natural disasters, war or conflict.

Despite the financial challenges we experienced in 2023, globally MAF pilots flew to over 1,000 remote locations, enabling humanitarian aid and relief organisations, churches and individuals to care for thousands of vulnerable people in 24 low-income countries throughout Africa, South and Central America and the AsiaPacific region.

The following are examples of just some of the activities carried out by MAF programmes in Arnhem Land, Chad, Guinea, Kenya, Liberia, Madagascar, Papua New Guinea (PNG), South Sudan, Tanzania, Timor-Leste and Uganda. The stories give a flavour of the flights that took place in 2023 — showing how MAF continued to bring help, hope and healing to those living in some of the world’s poorest, remotest and most vulnerable areas. The miracles you'll read about below, begin with you.

« Rescuing people from domestic violence and enabling education in Arnhem Land

In Arnhem Land, whose tiny population of 16,000 is geographically spread out, senior students at Laynhapuy Homelands School are making inspirational progress in class, thanks to MAF flights. According to one Year 12 student from Gurrumuru — who hopes to be an MAF pilot one day — ‘I love flying with MAF every week and, during the flights, love talking to the pilots, seeing all the views from the plane, and getting to know different

1 MAF’s worldwide operations include activities managed by MAF International (see page 16), MAF Canada and MAF USA (and their affiliates).

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

students from each Homeland.’ The flights enable students and teachers to reach Laynhapuy from the many distant Homelands and help young people to remain close to their land, culture and family.

Our flights also enabled women and children to reach Miyalk Domestic and Family Violence Shelter safely. The life-saving refuge enables indigenous communities to support women who’ve had to flee from violent and abusive partners and need to live as close to family and cultural connections as they can, but far from danger. According to Miyalk’s Manager, ‘MAF is always willing to help, always very quick to respond because they understand it’s an emergency. MAF’s support means that we are able to get people out of the community and get them back to safety.’

« Carrying Christians and medical cargo to remote areas in Chad

In Chad, where there is no effective way to reach isolated areas without our aircraft, Pilot Eivind Lintjorn flew a Dutch missionary from Maroua to N’Djamena. The grateful passenger has flown with us since 2019, and commented afterwards, ‘We are very thankful for the ministry of MAF as it has helped us in the work we do. The MAF flights not only help cut short our trips but help us to be more profitable for believers both in Chad and Cameroon.’

Another MAF flight saw Pilot Becki Dillingham deliver 220kg of medicine to a hospital in Bardai. The aircraft also carried two personnel from BMS, an organisation providing healthcare, relief and community development in the area. The five-hour flight, which reduced their trip across the Sahara Desert by five days, would not only have been gruelling but, according to Becki, ‘would have exposed the passengers to danger due to the presence of bandits known to rob and harm travellers.’ Without Becki’s flight, the drugs meant for the hospital would probably have perished due to the Sahara’s blistering heat.

e Assisting evangelisation, Bible translation and malaria prevention in Guinea

In Guinea, where about 90% of the roads remain unpaved, we helped a medical team from Mission Partners for Christ to reach an otherwise inaccessible part of the country. Thanks to our flight, 2,380 patients were treated, with 15 people ‘opening their hearts to Jesus during the weeklong outreach.’ The medics treated patients, prayed for the sick, shared the Gospel and distributed 84 solar audio Bibles so people could hear God’s Word in their own language. Within two months of the outreach, the unreached people group had formed its own church, with 24 people gathering regularly to worship Jesus.

We also flew a team from Catholic Relief Services to Kankan to oversee a malaria prevention and awareness project that provided women and children with mosquito nets and enabled a team from Pioneer Bible Translators to join the celebrations marking the arrival of the Toma language Bible. One of the translators, who said he’d had the privilege of flying with MAF in eastern Africa, western Africa and PNG, added, ‘Every time, the pilots have been top-notch, professional, and dedicated to helping us reach our goals.’

e Bringing the Gospel and clean water to Kenya

In Kenya, which hadn’t had a proper rainy season for six consecutive years, and where 95% of water sources in the north had dried up, many people had no choice but to drink dirty water, causing them to contract cholera and diarrhoea. Fortunately, thanks to our flights, organisations such as Food for the Hungry and Concern Worldwide were able to provide food and help communities to restore boreholes so they could extract fresh, clean water from underground. The 2-hour flights from Nairobi to areas like Marsabit and Turkana saved NGO staff an exhausting 12-hour road journey through areas where those still grazing their livestock tended to fight over the tiny patches of grassland that remained, making travel dangerous.

We also partnered with Christ is the Answer Ministries to bring a team of doctors, vets and missionaries to drought-stricken Olturot, reducing an 11-hour road trip to less than 2 hours. The extra time — staff said — made all the difference, enabling the medics to examine 2,957 patients, the vets to treat about 17,520 animals, and the missionaries to share their faith with as many people as possible. They also showed the

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Jesus film to some 1,520 villagers, with more than 800 ‘finding solace and hope in Christ’. Thanking us for making the week-long outreach possible, one of the villagers expressed their ‘gratitude to the mission for providing us with complimentary medical and veterinary services combined with evangelism.’

e Providing Liberia’s remotest regions with healthcare

In Liberia, a country that’s been plagued by civil war and Ebola, and which is beset by poor roads, we assisted Partners in Health (PIH) to transport patients and samples from isolated rural areas like Harper to the capital Monrovia, enabling swift access to patients’ test results and timely treatment. The organisation, which works closely with Liberia’s Ministry of Health, trains local medical students and delivers staff, medicines and quality healthcare to some of the country’s remotest regions. In saving PIH a one-week road journey during the rainy season, MAF’s one-hour flights prevented test results and treatment from being delayed and ensured that fragile medical equipment wasn’t damaged. Apart from transporting specimens three times a week to Monrovia for testing, we flew about 750kg of life-saving medical cargo to Harper each month.

Two other medical flights, this time to remote Greenville, carried a total of 15 people and 743kg of freight. The head of the medical team making the journey with MAF from Monrovia later said, ‘| appreciate MAF being able to fly us. Travelling by road to Greenville would have taken at least 12 hours. We could never bring our team there or our equipment if it wasn’t for MAF.’ Apart from the doctors, nurses and a dentist from Duluth Gospel Tabernacle in Minnesota, our plane’s cargo included 3,000 prescription glasses and the equipment necessary to test the villagers’ eyes.

¢ Combatting the effects of Cyclone Freddy, polio and helping UNICEF in Madagascar

Three days before Cyclone Freddy made landfall on 21 February 2023, we flew seven members of the Medair emergency response team to Mananjary in order to prepare the locals for the cyclone’s onslaught. The team provided food, temporary accommodation and emergency shelters for those whose homes were at risk. When the cyclone eventually struck, staff from Medair and MSF flew with us to inspect the damage, which destroyed many of the rice fields and killed much of the livestock in the southern part of the island, and to provide medical care to those suffering from acute malnutrition.

As well as assisting UNICEF and Madagascar’s Ministry of Health by transporting 7,570kg of polio vaccines to 23 remote locations as part of a campaign to stop the disease from spreading to the farthest corners of the island, we also flew a consultant radiologist and a Bible translator to Mandritsara. According to Debbie, the Bible translator, ‘It’s quite isolated, you know. If you’re ever in trouble there or need to fly back to the capital urgently, MAF just comes and helps.’ The last time Debbie needed to reach Mandritsara and went by road, it took 50 hours due to the terrible weather conditions and a couple of vehicle breakdowns — our troublefree flight making all the difference. ¢ Helping vulnerable youngsters and female prisoners in Papua New Guinea In Papua New Guinea (PNG), when children were displaced by tribal violence, an MAF-supported orphanage provided a loving refuge for defenceless youngsters unable to attend school or find enough to eat. Bible Faith Outreach, which teaches the young people to read and write so they can eventually attend public school, received help from MAF personnel Linda Andresen, Andrea Rominger and Nellicia Van Saane who provided nutritious food for the children and helped with the administration, finances and teaching. The Director, who originally worked in our flight operations department and enjoys her strong links with us, commented, ‘I enjoy seeing MAF staff. | love them like my own soul because they really help me with this work. Otherwise, | couldn’t do it.’

According to Rotarians Against Malaria, 70% of deaths in PNG are caused by malaria, with MAF flying to Lapalama to help the organisation combat this by delivering 20,100 mosquito nets to remote rural

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communities across the Enga, Simbu and Southern Highland Province regions. Another malaria-related flight saw Pilot Bridget Ingham airlift a young girl who’d been suffering from fever, vomiting and weakness for weeks. The 30-minute plane ride from Malaumanda to Kompiam District Hospital saved ‘Esther’ and her family days of trekking through the bush to access medical care. According to the Residential Medical Officer at Kompiam, ‘She arrived at the hospital barely conscious. We diagnosed “Esther” with malaria and started prompt IV treatment as well as IV fluids.’ Fortunately, thanks to our speedy response and flight, the patient responded well to the antimalarial treatment.

MAF staff helped PNG’s people in other ways, too, with Harriétte Knigge and Helen Symmonds— the spouses of two MAF pilots — encouraging female prisoners at Boram Correctional Service in Wewak. The two women led a trauma healing course, taught conflict management, and brought Jesus’ light into a very dark place. ‘Since I’ve come to prison,’ one participant explained, ‘| found freedom. Before, | just found myself in a lot of trouble. But since I’ve been taken out of that situation, I’ve found freedom.’ Helen, who said it was a real privilege serving there, pointed out that ‘they are all women who have made mistakes but are hungry to hear the Word of God. They really want to grow in their relationship with God.’

* Feeding refugees and providing medical oxygen in South Sudan

In South Sudan, where more than 190,000 people fled from conflict in neighbouring Sudan, Pilot Andy Macdonald flew boxes of medicine and food, which was rich in calories and protein, to malnourished children living in Renk’s camps. Our planes also evacuated scores of refugees to Juba and Malakal when the onset of the rainy season flooded the transit camp and made nearby roads impassable. Cordaid’s Country Director for South Sudan thanked us, saying, ‘Yesterday, we saw first-hand your mission of flying for life and really appreciate it. You are contributing to this response, and that cannot be underestimated.’

Thanks to our partnership with Amref Health Africa, hospitals across South Sudan were able to receive a consistent supply of oxygen —our personnel loading pairs of 130kg medical oxygen cylinders onto our aircraft. Each huge white canister helped save the lives of young, vulnerable and elderly patients suffering from pneumonia, childbirth complications and traumatic injuries caused by road accidents. Pilot Jonathan Pound reported that, ‘The first time | dropped off the supply at Malakal, they told me it couldn’t have come at a better time. They had an outbreak of cholera and were desperate for oxygen to treat the patients.’

Sunshine is a plentiful resource in South Sudan, making it a year-round solution for generating power. Many schools, clinics, hospitals and mission stations would be in the dark if it wasn’t for solar technology. In 2023 MAF flew more than 5 metric tons of solar powered equipment including solar panels, batteries, inverters, a solar powered vaccine fridge, water pumps and gospel radios.

e¢ Providing stress-free flights for mobile clinics in Tanzania

In Tanzania, where there’s a dangerously inadequate network of dirt-track roads, a stress-free 10-minute flight from Malambo to Olemilei enabled 84 women and children to benefit from their very first mobile medical clinic, once our aircraft had landed on a demanding mountain airstrip 6,000 feet above sea level. The visiting medical team provided screenings, diagnoses, medical treatments, vaccinations and counselling. According to Pilot Peter Griffin, ‘Despite the challenging airstrip, it was a really satisfying day. Bringing healthcare closer to the community had a positive impact, which was more significant than the obstacles we encountered.’

Another MAF flight saw Peter Griffin fly a team of three trainee doctors and three nurses from Kilimatinde Hospital to Dabia and Mahaka. The two remote areas benefitted greatly from a day-long medical clinic as the medics monitored and weighed any women who were pregnant, providing them with folic acid supplements to help their babies’ development and anti-malarial drugs to protect them from infection. They also

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vaccinated their children against polio, measles, tetanus, diphtheria, whooping cough and TB. Thanks to MAF, the mobile clinic enabled 300 patients to receive essential healthcare, sparing many of the womena fullday’s walk with youngsters strapped on their backs and the scorching sun blazing down on them.

e Saving lives and promoting health in Timor-Leste

In Timor-Leste, where two-thirds of the population is cut off from the outside world due to mountainous terrain and dilapidated roads, our air ambulance service saved the life of Bernadette — a 34-year-old mother who needed urgent medical assistance after giving birth. Because the journey from Atauro Island to Guido Valadres National Hospital in Dili meant a choppy 3-hour ferry crossing, our 15-minute flight to the mainland was the only way she could safely access specialised help. MAF personnel later visited Bernadette in hospital, bringing food, drink and a phone voucher so she could contact her family. Later, her husband thanked us for flying her to hospital, saying, ‘I’m incredibly grateful to MAF for transferring my wife and our baby from Atauro to Dili. MAF did amazing work and saved my wife’s life when she was in a serious condition.’

We also flew World Bank officials so they could explore opportunities to build three new municipal hospitals in Ermera, Viqueque, and Lautém in order to improve healthcare in hard-to-access areas. According to the World Bank Senior Operations Officer for the health sector, ‘Timor-Leste has a high number of children and babies dying because of poor nutrition. Mothers are not receiving good care. The kids are not getting the immunisation, or they get sick. There are a lot of health problems.’ The official, who thanked us for helping her to make the field project visit from the capital Dili to Viqueque in the south to see the municipality administrator and the health directors, added, ‘We were happy to use MAF’s service, of course, and we will use it again. It took only 40 minutes versus a 6-hour drive.’

e Collecting artificial limbs and feeding schoolchildren in Uganda

In Uganda great progress has been made in reducing poverty but pockets of need still remain. We flew Scovia, a double amputee, to St James’ Orthopaedic and Surgical Centre in Jinja so she could collect the prosthetic limbs specially made for her. The flight saved Scovia — who lost her limbs after she contracted malaria when she was only 15 months old — a two-day round trip over long and bumpy roads. According to her mother Jane, ‘Scovia is an active girl who loves playing football with her friends. Artificial limbs are a miracle — we never dreamed that she would walk. | am so happy now because MAF has helped me walk with my child. She is very happy and she can’t wait to get back to school. She loves to learn. Her new legs will change our lives forever.’

Our aircraft also enabled more than 400 children at Ngongosowon Primary School in Amudat — one of Uganda’s remotest districts — to receive food and an education in an area where providing this had, due to a number of failed rainy seasons, become an increasing challenge. MAF’s partnership with the World Food Programme and NGO partner, ZOA, transformed a dangerous one-day road journey from Kampala to Amudat — where frequent exchanges of gunfire caused by frantic attempts at cattle rustling made access to food even harder — to a peaceful one hour’s flight.

All these and many other projects were only possible because of the faithful support of our individual supporters, churches and grants from governments and institutions. These included:

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Specifically, our objectives and outcomes in 2023 were to:

In 2023 we attended five Christian festivals and two other events directly promoting the recruitment needs of MAF. Additionally, we hosted two information events about our training schemes, one inperson recruitment event and two online recruitment events. Through these activities we had at least 200 direct conversations about overseas service.

Our training schemes remain a key element in providing consistent and sustainable staffing for our overseas work. This year we selected another pilot to commence study in 2024 bringing the number of trainee pilots to three. Unfortunately, despite repeated advertising we failed to add additional engineering trainees to our existing five studying and preparing for service.

Following discussions with colleagues in MAF International’, it was felt that this very important initiative was best led by them.

The focus of the Philanthropy and Partnerships team has been to push into more secular spaces to attract more donors. Attendance at aviation industry events, hosting a Golf Day and running ‘Plane Talk’ events has broadened the audience base and resulted in several new contacts. The ambitious target of £5 million for the capital campaign, along with the requirements to fundraise for on-going MAF International needs means that the growth plans for new donors will remain a focus for the forthcoming year, but a good foundation has been laid with a positive increase in new donors being acquired through events, online marketing and magazine inserts.

We initiated an extensive research project with the aim of investigating the factors, perspectives, and interests of potential audiences open to the idea of supporting MAF. Using the findings from this research, we implemented a comprehensive programme to test various messages and campaigns, with the objective of increasing support and prayers from diverse generations. The testing phase encompassed both new and existing digital channels, complemented by a revitalised focus on historically successful offline channels, such as magazine inserts. Consequently, there has been a notable increase in the acquisition of new donors. Additionally, we have been actively exploring and testing innovative methods for receiving donations, employing technology aligned with the lifestyle preferences of our supporters. Some of these platforms are slated for broader implementation during 2024.

? MAF International is the operational arm of the MAF International Family (see page 16)

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

The MAF team in the UK

MAF In the Community in England and Wales and Northern Ireland

2023 saw a 20% growth in church and other group meetings. We attended Big Church Festival, Creation Fest and New Wine with our display aircraft, continued our Church Partnership programme, and engaged with local schools and churches. One event, in Lymington, Hampshire, saw our plane positioned outside a high street church during a particularly busy market day! We held our first in-person Volunteers Conference in Birmingham for four years, followed it with an online conference for those unable to attend in person, and finished our restructuring of the MIC team to meet an increase in volunteers, meetings and partnerships resulting from our Church Engagement Strategy in 2024.

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|||||| |---|---|---|---|---| |Volunteer Numbers|||20238|2022| |Regional Co-ordinators|England and Wales|a|a| |Area|Reps/Speakers|England|and|Wales| |Church|Reps|England|and|Wales| |Prayer Group|Leaders|England|and|Wales|

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MAF in Scotland

2023 saw the team delivering 17% more activity than in 2022, with a total of 149 engagements involving churches, groups and various events, a strong presence at the Magnitude Youth Festival and Refuel Festival in the summer, and in-depth engagement with 9 churches through our Church Partnership scheme — 4 of them beginning in 2023. We also recruited 225 young people to the MAF Youth journey (we had 46 in 2022) and saw an 8% increase in the number of people connecting with MAF’s Discovery Air Pass initiative.

MAF Youth

In 2023, the MAF Youth team attended Limitless and Dreaming the Impossible — two key Christian summer events — and continued to engage well with young people through a variety of youth groups. Many young people signed up to receive MAF Youth’s magazine, which continued to reach a large audience; with positive engagement resulting from various prayer response activities and competitions. We continued to engage with younger children through our Schools Partnership program in 13 participating Primary Schools.

International staff

This year we sent out two new families to serve in Uganda and Arnhem Land. After considering those families who finished their terms with us, this brings the total number of staff supported by MAF UK to 24, who with their families, serve in seven overseas programmes. We also continued to assist several more ‘linked staff’, sent by other MAF groups but with connections to the UK, helping them with support raising, administration and pastoral care. An additional 5 new families are expected to join the programmes in 2024.

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

Training Schemes

Our Engineering Training and Future Pilot Programmes have continued to grow bringing high calibre young people into service. This year two new trainee pilots joined, and three trainee engineers commenced studies in Scotland. Our first trainee pilot is coming to the end of his studies and will head overseas in 2024 and our existing engineer trainees are continuing in practical and theoretical assignments.

Conclusion for 2023

2023 saw us rise to the challenge of engaging a new generation of donors in an economically challenging season. We highlighted our work and its impact in strong communications delivered digitally, in print, at church presentations and event. We worked hard to ensure the number of new donors who joined us this year, exceeded the number lost. This has enabled us to serve a greater number of remote and isolated people overseas.

In 2023 God blessed us with £14m of income and we give thanks for every enquiry, prayer, gift and hour of time given by our volunteers and team throughout the year.

Future plans

Many people across the world continue to live in need, cut off from the essentials of life due to terrain, formidable geographical barriers, civil war or political unrest. The need for MAF’s services in many countries is as great as ever. We will continue to look for opportunities to share God’s love in practical ways with the poorest and most isolated people.

We are committed to continue developing our communications and raising our profile so that we are recognised and known throughout the UK for our work overseas. We will do this by delivering an impactful presence at events and through creative use of media and online channels. Doing so will help grow our fundraising and recruitment activities so that increasing numbers of isolated people will have vital needs met and their lives physically and spiritually transformed in Jesus’ name. We are privileged to do this by working closely with other organisations who share our values and understand the importance of working in the most isolated parts of the world — and the mission to ensure that no one should be left behind.

We are extremely grateful for the generous support we receive. We will continue to review our processes and practices to ensure that the funds available for overseas work are maximised.

During 2024 we aim to help meet the challenges faced by our programmes across the world by:

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Strategic Report

Financial Review

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Income and expenditure £000 2019 2020 2021 2022 2023
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}Expenditure CTC 84 | 265 13,787 | 15,971 | 13,996
Cost of generating voluntary income
|Totalexpenditure = Cs| CS 18,509| 12,264 | 12,598 | 17,122 | 15,739 |
Net incoming/ (outgoing) resources | (1,825)| 387 | 1,189 | (1,151) (1,743)
Page 24 sets out the Statement of Financial Activities for MAF UK for the year. The total income for the year
was £14m (2022: £16m).
----- End of picture text -----

The principal source of funding was through voluntary donations providing some 99% (2022: 99%) of total income. Of this, legacy income amounted to 27% (2022: 31%).

As shown in note 2, donation income from the various donor groupings was by and large comparable. The restricted aircraft gifts were from an individual last year and a company this year.

The benefits of tax-efficient giving were again increased through the securing of a further 1,278 Gift Aid Declarations during 2023 (2022: 1,093). Tax claimed on 2023 gifts amounted to £898,763 (2022: £1,185,208).

Charitable activities include the costs of our overseas staff, unrestricted grants made and restricted funds for flying operations.

During the year, the sum of £1,947,000 (note 4) was paid in staff support (note 6) from the UK serving overseas (2022: £1,735,000).

In addition, unrestricted grants of £6,325,000 (note 4) and restricted income of £3,695,000 (note 13a) totalling £10,020,000 (2022: £12,224,000) were passed to sister MAF groups worldwide, primarily to assist in the provision of mission aviation (2022: unrestricted grants of £7,063,000 and restricted income of £5,161,000).

The assets and liabilities of MAF UK are set out in the Balance Sheet (page 25). All of the assets were used directly in the charitable purpose or in a support capacity.

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

‘Financial Instruments’ are those assets and liabilities of a charity that can be impacted by a third party (e.g. bank deposits, investments, overdrafts, loans, trade creditors etc.). At the Balance Sheet date, financial instruments included bank deposits and trade creditors. Trade creditors are paid within 30 days unless the supplier’s payment terms are less favourable.

Investment income was £146k (2022: £60k), reflecting interest rates starting to rise.

Investment Powers and Policy

The investment powers of the Trustees are as set out in the Articles. Any sums not immediately needed have historically been invested in interest-earning accounts. It is the Trustees aim to ensure that funds are applied as quickly as possible, while also maintaining a suitable risk-based cash reserve to address the risks identified in the risk management process (see Risk Management section). However, given the very low, and below inflation, interest rates, the Board have placed £1m of the funds in the CCLA? COIF Charities Ethical Investment Fund. All income is automatically reinvested.

Reserves Policy

The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. The Trustees have concluded that, together with the reserves established to help in such circumstances, there is 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.

It is the Board’s policy to reserve sufficient funds to ensure the ongoing operations of MAF UK. The reserves include a risk-assessed Base Reserve; during the year the risk elements were reviewed, and the Board decided that the combined fund should have a target level of £3.8m. Additionally, other designated funds may be created by the Board to help ensure MAF UK’s effectiveness. As a regular part of the Board’s work, all risks and reserves were reviewed, and any recommended changes have been implemented. Details of all the designated funds are set out in note 13a.

At the year-end, all the reserves were at or above the minimum policy-level (see note 13a).

The Base Reserve year-end balance of £3.891m was marginally above the revised target of £3.8m. The Board and SLT will look for ministry opportunities during 2024 to apply the extra funds received in 2023. The Fixed Asset Cost fund year-end balance was £437k representing the original cost of all fixed assets. When these reach the end oftheir useful life, they can be replaced using the cash element of this fund. The Board decided to merge the UK Capacity Fund (£310k) and the Future Application Fund (£1m) and rename the combined Fund the Growth and Opportunities Fund that can be drawn upon in future years where operational opportunities appear that were not foreseen in the budget process. The National Staff Development Fund has been repurposed to support the Stuart King Memorial Fund (see below).

The Stuart King Memorial Fund is a training fund and represents unspent donations raised in memory of Stuart King who sadly passed in 2020. The fund will be used to enable training and further training of essential staff over the coming years. At the year-end, the fund amounted to £329k (note 14a).

The International Staff restricted funds represent unspent donations that support our staff families overseas. It is expected that the funds will be used during the staff service period. At the year-end, such funds amounted to £5k.

3 Home | CCLA

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

Principal Risks and Uncertainties

The principal risks are assessed as those most impacting on our fundraising capabilities, including:

impact on donors and our continuing ability to process gifts in a global pandemic such as Covid-19.

The steps taken to manage these risks are set out in the Risk Management section (below).

The principal uncertainties relating to timing and volatility of various income streams are also addressed by the risk management process the Board has adopted, principally by the holding of sufficient liquid reserves (see Reserves Policy above). The Trustees have considered the impact on our various funding streams based on 2023 performance.

Risk Management

As a part of normal operations, the Trustees are responsible for setting the tone and influencing the culture of risk management within MAF UK. As part of discharging their responsibilities the Trustees have:

All MAF UK policies are published on the MAF UK intranet for staff understanding.

Fundraising Methods and Processes

Approach to fundraising

MAF UK supports the work of MAF worldwide and is committed to its charitable aims and fundraises to see the lives of isolated people spiritually and physically transformed. We are a signatory to the Fundraising Regulator’s Fundraising Promise, being open, honest, fair, and legal in our approach to and delivery of, our fundraising practices.

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

Work with, and oversight of, any commercial participators and professional fundraisers

We do occasionally enter into third party contracts for fundraising promotion (not fundraising itself). We have contracts in place and full control and signing off for any communications that are used for these particular campaigns.

Fundraising conforming to recognised standards

We are a member of the Fundraising Regulator, adhere to the Fundraising Standards and are a signatory to the Fundraising Preference Service. It also means our supporters have a simple and transparent process that can help us deal with any complaints quickly and easily.

Monitoring of fundraising carried out on its behalf

We have a member of staff who is responsible for overseeing community fundraising and supporting/monitoring the people that are raising money for us. We also have a team of volunteers that are involved in fundraising for us, they go through an interview programme, havea role description, sign up to a code of conduct, receive training, have annual update conferences, have organisational emails, and are managed and supported through a management structure. Fundraising complaints We have a section on our website explaining our Fundraising Promise and complaints process Our funding - Mission Aviation Fellowship (maf-uk.org) .

This is linked to the Fundraising Regulator and gives our supporters an easy, clear and transparent way of dealing with any complaints.

Protection of the public, including vulnerable people, from unreasonably intrusive or persistent fundraising approaches, and undue pressure to donate

We take our communications and fundraising responsibilities seriously. Actions include being registered with the Fundraising Preference Service, having appropriate policies to cover data protection, ethical fundraising and our approach to fundraising and calls to action. We also make sure relevant staff are confident and equipped for speaking to and dealing with vulnerable people. All our communications are clear and transparent, and we always give an option to change what any person receives from us.

The complaints received have been summarised below:

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

Structure, Governance and Management

Governing Document

MAF UK is a charitable company limited by guarantee and a registered charity. It is governed by the Articles dated 15 September 1997 and revised in April 2015. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.

Appointment of Trustees

The Trustees are elected by the Board. The number of Trustees may not be less than three but is not subject to a maximum. Trustees are elected for 3-year terms, up to a maximum of nine consecutive years.

Board decisions are made by majority vote.

The number of Members may not be less than two. The Trustees are also the Members.

Trustee Induction and Training

In the Trustee induction programme, new Trustees are provided with the Articles and recent annual and management accounts as well as a policies etc. They are required to attend a series of meetings and discussions with the Chair, Chief Executive and others to learn more about the work and how MAF UK operates.

Organisational Structure

Usually, the Trustees meet at least four times a year and are responsible for the strategic direction and good governance of the charity. To ensure good governance and to maximise Board skills, the following subcommittees have been established:

The Board approves an annual operational budget which sets out income targets and expenditure limits. Within the budget, the day-to-day responsibility for the charity’s operations is delegated to the Chief Executive and the Senior Leadership Team (listed as Key Management Personnel on page 18).

Governance

The Board planned to have a further external review of Board effectiveness in 2023, but this was deferred while a trustee recruitment campaign was run and is now booked for early 2024.

Safeguarding

MAF UK is committed to providing a safe and trusted environment for staff, volunteers, and beneficiaries. The organisation requires the highest ethical and moral standards from all our staff and takes misconduct seriously. We have a number of policies with which all staff must comply. These include a code of conduct, safeguarding, bullying and harassment, data protection, and privacy and equal opportunities policies.

Remuneration Policy

MAF UK is a charitable Christian mission organisation and as such aims to balance care of staff with stewardship of the resources entrusted to it. In line with these aims, MAF UK strives to set salaries fairly and comparable to the charity sector while maintaining its ability to attract and retain the right skills, experience and expertise to achieve the mission.

Each UK post is evaluated by a job evaluation panel made up of senior management, HR and staff representation. A salary is then calculated based on a comparison of jobs in the same grade and the points awarded for those jobs.

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

The General Pay Award is considered each year and is primarily dependent on the income of the organisation and ensuring that operational funding to is not adversely impacted. The General Pay Award is based on a range of indices, such as the Retail Price Index, Consumer Price Index, and a comparison with what others are doing regarding salary rises in the third sector. The MAF UK Board are responsible for approving the budget and this includes the recommendation for the General Pay Award.

MAF UK’s Senior Leadership Team sits within the framework of the UK salary structure as set out as above. The MAF UK Board agrees on the salary for the Chief Executive. No bonuses are paid to any member of staff. The pension provision for the Chief Executive and Senior Leadership Team are on the same terms as other employees.

Related Parties

MAF UK is a member of MAF International, the operational arm of the MAF International Family’, to which all operational assets were transferred by the resourcing groups. The central management of all the programmes enables better efficiency in terms of asset deployment and the standardisation of training and safety standards. MAF UK’s overseas staff are seconded to MAF International and all funds raised for operational programmes are passed to MAF International. MAF UK has one subsidiary which is dormant. Apart from the natural transactions with other MAFs, there were no related party transactions.

Internal Controls

The Trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities, and to provide reasonable assurance that:

The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include:

  • The MAF International Family includes MAF International, MAF UK and 12 other resourcing MAFs in Australia, Denmark, Finland, France, Germany, Italy, Netherlands, New Zealand, Norway, South Africa, Sweden and Switzerland

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

Trustees’ Responsibilities in Relation to the Financial Statements

The Trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company and of its income and expenditure for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that show and explain the charity’s transactions, disclose with reasonable accuracy at any time the financial position of the charity, and enable them to ensure that the financial statements comply with the Companies Act 2006.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Financial statements are published on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements, which may vary from legislation in other jurisdictions.The maintenance and[integrity][of][ the][group's] website[is][the][responsibility][of] the Trustees. The Trustees’ responsibility also extends to the on-going integrity of the financial statements contained therein.

Provision of Information to Auditors

In the case of each of the persons who are Trustees at the time when the Trustees’ report is approved, the following applies:

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

Legal and Administrative Information

Trustees and Members (the Trustees are also Members)

Name

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Dates
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Subcommittee Membership

Matthew Burton FCCA CTA MRICS Chair Andrew Hawkins MA (Hons) Fundraising and Communications Carl Knightly Fundraising and Communications Max Gove MA Prayer and People Ann Saunders BA Hons Oxon FCIPD Prayer and People Richard Jones FCMA BSc (Hons) Finance and Risk Steve Osei-Mensah ACIB FloD CDir Finance and Risk Bill Lowe Finance and Risk Fundraising and Communications Andrew Maclay MA FCA (from 20/9/23) Finance and Risk Clare Tunbridge MBA BEng(Hons) (from 20/9/23) Prayer and People Gordon May (from 14/12/23) Finance and Risk Stuart Matheson (from 13/1/24) Prayer and People

Company Information

Company number: 3437446 Website: www.maf-uk.org Date of Incorporation: 16 September 1997 Registered charity in England and Wales (1064598) and in Scotland (SC039107) Registered Office and Principal Address: 1* Floor, Castle House, Castle Hill Avenue, Folkestone CT20 2TQ

Key Management Personnel

Chief Executive (from 20 February 2023) Donovan Palmer Head of Finance Alex Finlow FCA MSc Head of HR David Leek MCIPD Head of Marketing and Fundraising Mike Fagg Head of Communications Vivienne Pattison BA (Hons) Head of Philanthropy and Partnerships Ali Chambers BA (Hons) GGSM Advisers Auditors Moore Kingston Smith LLP 9 Appold Street, London, EC2A 2AP Bankers National Westminster Bank Europa House, 49 Sandgate Road, Folkestone, CT20 Plc 1RU Solicitors Edward Connor Solicitors 10 The Point, Market Harborough, LE16 7QU

Our Advisers

The Trustees Report and the Strategic Report were approved by the Board and authorised for issue on 21 May 2024.

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Matthew Burton (Chairman)

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES AND MEMBERS OF MISSION AVIATION FELLOWSHIP UK

Opinion

We have audited the financial statements of Mission Aviation Fellowship UK (‘the company’) for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of the charitable companyin accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the trustees’ annual report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 17, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s Responsibilities for the audit of the financial statements

We have been appointed as auditor under Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005, the Companies Act 2006 and Section 151 of the Charities Act 2011 and report to you in accordance with regulations made under those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Our approach was as follows:

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due

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Mission Aviation Fellowship UK - Annual Report & Accounts 2023

to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006; and to the charity’s trustees, as a body, in accordance with Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005, and in respect of the financial statements, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charitable company’s members and trustees those matters which we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company, the charitable company’s members, as a body, and the charity’s trustees, as a body for our audit work, for this report, or for the opinion we have formed.

Méore. léinqs ton Sauk LLP

Samir Chandoo (Senior Statutory Auditor)

for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

9 Appold Street London EC2A 2AP

Moore Kingston Smith LLP is eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006.

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Mission Aviation Fellowship UK Annual Report & Accounts 2023 Company Number 3437446

Statement of Financial Activities

(incorporating an Income and Expenditure Account)

for the year ended 31 December 2023

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds funds funds
Note £ 000 £ 000 £ 000 £ 000 £ 000 £ 000
Income from:
Donations and legacies 2a/b 10,160 3,690 13,850 11,380 4,531 15,911
Investments and interest 3 146 - 146 60 - 60
Total 10,306 3,690 13,996 11,440 4,531 15,971
Expenditure on:
Raising funds 2,607 - 2,607 2,161 . 2,161
Charitable activities 9,437 3,695 13,132 9,800 5,161 14,961
Total 4a/b 12,044 3,695 15,739 11,961 5,161 17,122
Netincome/(expenditure)
beforeinvestmentgains		 5 —
(1,738)		 (5) =
(1,743)		 =
(521)		 aa
(630)		 arr
scamiaaie
'
luati
Gains/{losses) on revaluation
of investments		 34 ; 84 fl ; 1
Netincome /(expenditure)
beforetransfers		 5 (1,654) (5) (1,659) (510) (630) (1,140)
Transfers between funds 13a 135 (135) - 41 (41) -
Netmovement in funds (1,519) (140) (1,659) (469) (671) (1,140)
Reconciliation of Funds
Total funds brought forward 13b 7,441 474 7,915 7,910 1,145 9,055
Totalfundscarriedforward 13a 5,922 334 6,256 7,441 474 7,915

All of the above results are derived from continuing activities. All gains and losses recognised in the year are included above.

The notes on pages 27 to 36 form an integral part of these financial statements.

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Mission Aviation Fellowship UK Annual Report & Accounts 2023 Company Number 3437446

Balance Sheet

(Statement of Financial Position)

as at 31 December 2023

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds. funds funds funds funds
Note £ 000 £000 £000 £000 £ 000 £000
Fixed Assets
Tangible Fixed Assets 7 36 - 36 48 . 48
FixedAsset Investments 8 1,084 - 1,084 1,026 - 1,026
Total 1,120 - 1,120 1,074 - 1,074
Current assets
Debtors 9 1,132 - 1132 1,443 - 1,443
Short term deposits 2,000 . 2,000 4,000 - 4,000
Cash at bank and in hand 3,432 334 3,766 2,172 474 2,646
Total current assets 6,564 334 6,898 7,615 474 8,089
Liabilities
Creditors:
A
falling
d
ithi
mounts falling Gaewihin
one year		 =, (1,762) ; (1,762) (1,248) . (1,248)
Netcurrent assets 4,802 334 5,136 6,367 474 6,841
Total assets less current
liabilities 5,922 334 6,256 7,441 474 7,915
Total netassets 3,922 334 6,256 7,A41 474 7,915
Thefunds ofthe charity:
Base Reserve 13a/b 3,891 - 3,891 5,394 - 5,394
Other designated funds 13a/b 2,031 - 2,031 2,047 - 2,047
Total unrestrictedincome
funds		 5,922 . 5,922 7,441 - 7,441
Restricted income funds 14a/b - 334 334 - 474 474
TotalFunds 5,922 334 6,256 7,441 474 7,915

Approved by the Board on 21 May 2024 and signed on its behalf by:

ChairmanMatthew Burton an

The notes on pages 27 to 36 form an integral part of these financial statements.

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Mission Aviation Fellowship UK Annual Report & Accounts 2023 Company Number 3437446

Cash Flow Statement

for the year ended 31 December 2023

2023 2022
Note £ 000 £ 000
Reconciliation ofnetincome / (expenditure) to net cash flowfrom operating activities
Net (expenditure) fortheyear (1,659) (1,140)
Adjustments for:
Depreciation charges z 37 41
Investment income and Interest receivable 3 (146) (60)
Loss/(gain) on investments 8 (84) (11)
Decrease in debtors 9 311 242
Increase in creditors 10 514 660
Netcash (used in) operating activities (1,027) (268)
Statement of cash flows
Cash flows from operating activities:
Net cash (used in) operating activities (1,027) (268)
Cash flowsfrom investing activities:
Investment income and Interest receivable 3 146 60
Proceeds from the sale offixed assets 8 1,050 -
Purchase of fixed assets 7 (25) (6)
Purchase of fixed asset investments 8 (1,024) (1,015)
Net cash provided by/(used in ) investing activities 147 (961)
Change in cash and cash equivalents in the year (880) (1,229)
Cash and cash equivalents atthe beginning ofthe year 6,646 7,875
Cash and cash equivalents at theend ofthe year 5,766 6,646
Analysis ofchanges in net funds 1January cash 31 December
2023 flows 2023
£000 £000 £000
Shortterm deposits 4,000 (2,000) 2,000
Cash at bank and in hand 2,646 1,120 3,766
6,646 (880) 5,766

The notes on pages 27 to 36 form an integral part of these financial statements.

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Mission Aviation Fellowship UK Annual Report & Accounts 2023

Notes to the Financial Statements

for the year ended 31 December 2023

1 =Accounting policies

Basis of preparation

These financial statements are prepared on a going concern basis, under the historical cost convention, with the exception of investments which are included at market value. They are prepared in sterling which is the functional currency of the Charity. Monetary amounts in the accounts are rounded to the nearest thousand.

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Charitable Company is a public benefit entity for the purposes of FRS 102 and therefore the Charity also prepared its financial statements in accordance with the 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 (The FRS 102 Charities SORP), the Companies Act 2006, the Charities Act 2011 and Charities Accounts (Scotland) Regulations 2006 as amended by The Charities Accounts (Scotland) Amendment (No 2) Regulations 2014.

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. The Trustees and the Senior Leadership Team have reviewed all budgets and expected income and expenditure projections and have concluded that, together with the reserves established to help in such circumstances, there is a reasonable expectation that the charity has adequate resources to continue operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Fund accounting

The charity maintains three types of fund. General unrestricted funds (Base Reserve) are available for use at the discretion of the Trustees in furtherance of the general charitable objectives, Designated unrestricted funds are monies set aside by the Trustees from unrestricted funding for specific purposes. Restricted funds are funds subject to specific conditions imposed by donors.

Income

All income is recognised when there is entitlement to the funds, the receipt is probable and the amount can be measured reliably.

Legacies are recognised following probate and once there is sufficient evidence that receipt is probable and the amount of the legacy receivable can be measured reliably. Where entitlement to a legacy exists but there is uncertainty as to its receipt or the amount receivable, details are disclosed as a contingent asset until the criteria for income recognition are met.

Government grants

Income from government or other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants has been met, it is probable that the income will be received, the amount can be measured reliably and is not deferred.

Expenditure

Liabilities are recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all related costs to the category.

The following specific policies apply to categories of expenditure:

Raising funds

Raising funds comprises all services supplied centrally identifiable as wholly or mainly in the support of generating income for this and future periods, and includes a proportion of central overhead, support and governance costs.

Charitable activities

Charitable activities includes all costs associated with our international staff (based overseas), direct (grants) and indirect costs of our overseas operations, and the costs associated with informing and educating our supporters here in the UK about our work, and includes a proportion of central overhead, support and governance costs.

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Mission Aviation Fellowship UK Annual Report & Accounts 2023

Notes to the Financial Statements

for the year ended 31 December 2023

Support Costs

Support Costs include functions such as general management, information technology and human resources. Together with governance costs they are allocated between the cost of raising funds and charitable activities, as shown in note 4a/b.

Critical accounting estimates and areas of judgement

In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

Foreign currencies

Foreign currencies have been translated to sterling as follows:

Current assets and liabilities - rate as at 31 December Other amounts - rate at time of transaction All differences are charged to the SOFA - 2023:£1k, (2022:£1k).

Tangible fixed assets and depreciation

Assets with a useful economic life of more than one year and a value in excess of £750 are capitalised.

Depreciation on assets is calculated as follows:

Equipment and vehicles: charged to write off the expenditure over its expected useful life at 33.33% of the cost per annum.

There is generally expected to be no material residual value when the assets are replaced.

Cash

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of 100 days or less, and bank overdrafts. Deposits with maturity greater than 100 days from the year end are classified within investments.

Financial Instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

With the exceptions of prepayments and deferred income all other debtor and creditor balances are considered to be basic financial instruments under FRS 102. See notes 9 and 10 for the debtor and creditor notes.

Operating leases

Rentals applicable to operating leases are charged to the SOFA over the period in which the cost is incurred.

Pensions

MAF UK operates a 10% non-contributory defined contribution scheme for its employees. The contributions are paid monthly as they fall due. The expense to activity allocation matches the wage to activity allocation. Pensions costs are treated as unrestricted unless a specific restricted gift was received for that purpose.

Transfers between funds

Transfers between the Base Reserve and other designated funds are in line with the policies as set out in note 13a.

Page 28

Mission Aviation Fellowship UK Annual Report & Accounts 2023

Notes to the Financial Statements

Notes to the Financial Statements Notes to the Financial Statements Notes to the Financial Statements
for the year ended 31 December 2023
£ 000 £ 000 £ 000 £ 000 £ 000
2a Donations
Individuals (non legacies) 5,354 1,687 7,041
Churches 423 290 713
Trusts 523 787 1,310
Companies 74 910 984
Other Governments - -
Governments - - -
Other 27 16 43
Legacies 3,759 - 3,759
10,160 3,690 13,850
2b
£ 000 £ 000 £ 000 £ 000 £ 000
Individuals (non legacies) 5,366 3,413 8,779
Churches 450 282 732
Trusts 534 547 1,081
Companies 130 233 363
Other Governments = 22
Governments - 22 22
Other 20 25 45
Legacies 4,880 9 4,889
11,380 4,531 15,911
3 Investments and interest
Investment income 20
Interest receivable 126
2023 146
Investment income 15
Interest receivable 45
20220

Page 29

Mission Aviation Fellowship UK Annual Report & Accounts 2023

Notes Notes to the Financial Statements to the Financial Statements
fortheyearended 2023
4a Expenditure £000 £000 £000 £000 £ 000
Raising funds
Voluntary income 1,881 fm 1,881 237 2,118
Donor acquisition 434 - 434 55 489
2,315 - 2,315 292 2,607
Charitable activities:
International Staff 1,064 883. 1,947 245 2,192
grants: regular 6,355 - 6,355 801 7,156
grants: one-off 115 11s 14 129
restricted funding - 2,812 2,812 354 3,166
Overseas operations . 6,470 2,812 9,282 1,169 10,451
Information and education 432 - 432 EY 489
7,966 3,695 11,661 1471 13,132
Support costs 1,734 - 1,734 (1,734) -
Trustee travel!andmeetings 4
Audit 19
Auditdisbursements and VAT 4
Non-audit fees andVAT 2
Governance 29 - 29 (29) =
1,763 ; 1,763 (1,763) =
12,044 3,695 15,739 : 15,739
* Overseas operations * grants
6,325
Institutionalgrantstotalling£6,325,000(2022:£7,063,000) weremadeduring theyeartoMAFInternational Ltd.
Siagapaiitcantaicles General
_____Management		 Financial
Human
Information
management _Resources ___technology		 Premises Total
aaee8
Basis ofallocation: Apportioned proportionately across cost headings reflecting costeffort (asabove)
ab
£000 £000 £000 £000 £ 000
Raising funds
Voluntary income 1,596 - 1,596 160 1,756
Donor acquisition 368 - 368 37 405
1,964 - 1,964 197 2,161
Charitable activities:
International Staff 8380 855 1,735 174 1,909
grants: regular 5,473 - 5,473 549 6,022
grants: one-off 1,713 - 1,713 i72 1,885
restricted funding - 4,306 4,306 432 4,738
Overseas operations 7,186 4,306 11,492 1,153 12,645
Information and education 370 5 370 37 407
8,436 5,161 13,597, 1,364 14,961
Support costs 1,537 - 1,537 (1,537) .
Trustee travel!andmeetings 2
Audit 17
Auditdisbursementsand VAT F
Non-auditfees and VAT 2
Governance 24 - 24 (24) z
1,561 1,561 (1,561) :
11,961 5,161 17,122 - 17,122
Overseas operations * grants 7,063
Supportcostsinclude: General
—____Management		 Financial
Human
Information
Premises
Total
__management ____Resources __technology0
228 351 357 270 331 1,537
Page30

Mission Aviation Fellowship UK Annual Report & Accounts 2023

Notes to the Financial Statements

for the year ended 31 December 2023

2022
5 Netincome/(Expenditure) Note £000 £000
This is stated after charging:
Depreciation a 37 41
Foreign exchange loss 1 1 1
Payments under Operating Leases 11 157 140
Auditor's remuneration
Audit fee 4a 19 17
Auditdisbursements (and VAT) da 4 3
Other fees paidto auditors (and VAT) 4a ——— 2
SSS		 2
O——
6 Trustee and staff remuneration, related party and othertransactions
Staff costs £000 £ 000
Wages and salaries 3,434 3,129
Social security costs 259 242
Other pension costs 372 344
Redundancy payments - 30
4,065 3,745
SSS ee
Number Number
Average number ofemployees - UK 68 64
Average number ofemployees -Overseas a3 30
101 94
LO
Average number ofemployees - UK (FTE)* 59 54
Average number ofemployees -Overseas (FTE)* 33 30
*FTE Full Time Equivalent 92 84
————————SS_—O—
Employees with total remuneration and benefits Number Number
in excess of£60,000:
£60,000 - £70,000 5 2
£70,000 - £80,000 - 1
£80,000 - £90,000 1 -
£130,000 - £140,000 - 1
£ 000 £ 000
Pension contributions in respect ofthese employees were 41 28
——<«_~—][>"[7—Uu™&—=—£—=—=E~&<&CE—=—E<<~aO>x=&X[XZX{:]:[=—=™
£ 000 £ 000
Total remuneration/benefits of key management personnel 502 556
Trusteereimbursedexpenditure

The number of trustees who received reimbursement for out-of-pocket travel and subsistence expenses was 3 (2022:4) totalling £903 (2022: £700).

The trustees neither received nor waived any emoluments during the year (2022: £NIL).

Related party transactions

Apart from the trustee expenses identified above, there were no other related party transactions.

Page 31

Mission Aviation Fellowship UK Annual Report & Accounts 2023

Notes to the Financial Statements for the year ended 2023

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Vehicles|Equipment|Total|Total| |7|Tangible fixed|assets|£000|£|000|£ 000|£000| |Cost| |As|at|01.01.2023|46|480|526|520| |Additions|25|25|6| |Disposals|(114)|(114)|-| |As|at 31.12.2023|46. ~—~CS—s—<~CSSD'SC(SC SC«S| |Depreciation| |As|at|01.01.2023|46|432|478|437| |Charge|for the|year|-|37|37|41| |Eliminated|on|disposal|-|(114)|(114)|-| |As at 31.12.2023|ee|ee|ee ee| |Net|Book values| |As|at|31.12.2023|-|36|36|48| |As at 31.12.2022|a|es ~~|48|~~|83,| |8|Fixed|Asset|Investments| |Cost|or valuation|£|000|£|000| |As|at|01.01.2023|1,026|-| |Additions|1,024|1,015| |Disposals|(1,050)|-| |Revaluation|84|11| |As|at 31.12.2023|2084.|——SS—«,026|

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

CCLA COIF Charities Ethical Investment Fund (was Edentree Amity Global Equity Fund for charities)

9 Debtors

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Other|debtors|-|-| |Gift|Aid|recoverable|76|192| |Prepayments|92|120| |Accrued|income|964|4,231| |—|[2432S,]| |All|debtors|are|considered|financial|instruments|with|the|exception|of|prepayments.| |The|carrying value|of financial|assets|(in debtors)|is:|4040 saa|

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

Page 32

Mission Aviation Fellowship UK Annual Report & Accounts 2023 Notes to the Financial Statements

for the year ended 31 December 2023

£000 £000
10 =Creditors: Creditors: amounts falling duewithin oneyear
Trade creditors 1,361 996
Taxation and social security 66 59
* Other creditors 281 118
Accruals and deferred income 54 ri)
1,762 1,248
All creditors are considered financial instruments with the exception of deferred income.
The carryingvalue of financial liabilities (in creditors) is: 1,762 1,248
* Othercreditors includes: in respect ofpension schemecontributions 43 37
11 Operating leases 2022
£000 £000
Operating lease rental payments duringthe year:
Land and buildings 130 125
Vehicles 27 15
157 140
At 31 December 2025, the total future minimum lease payments
under non-cancellable leases was as follows:
2002
Land and Land and
buildings Other buildings Other
£000 £000 £000 £ 000
Period:
Within one year 105 29 105 19
Twoto five years 366 65 382 36
Over five years 89 - 179 -
560 94 666 55
ESQSeSaas

Page 33

Mission Aviation Fellowship UK Annual Report & Accounts 2023

Notes to the Financial Statements for the year ended 31 December 2023

12a_—s Analysis of net assets between funds

Fund balances as at 31 December 2023 were represented by:

Base Designated Total Restricted Total
Reserve funds Unrestricted funds funds
£ 000 £000 £000 £000 £000
Tangible fixed assets * 36 36 * 36
Fixed asset investments 1,000 84 1,084 = 1,084
Current assets 4,653 1,911 6,564 334 6,898
Current liabilities (1,762) . (1,762) - (1,762)
———3891 2,031 89228A 8A2G 2G

12b Fund balances as at 31 December 2022 were represented by:

Base Designated Total Restricted Total
Reserve funds Unrestricted funds funds
£ 000 £000 £000 £000 £000
Tangible fixed assets = 48 48 5 48
Fixed asset investments 1,015 11 1,026 = 1,026
Current assets 5,627 1,988 7,615 474 8,089
Current liabilities (1,248) - (1,248) i (1,248)
5,394 2,047 7,441 474 7,915

Page 34

Mission Aviation Fellowship UK Annual Report & Accounts 2023

----- Start of picture text -----
Notes to the Financial Statements
for the year ended 31 December 2023
13a Funds As at Income Expenditure Investment Transfers Transfers As at
01.01.23 Gains in out 31.12.23
£000 £000 £000 £000 £000 £000 £000
Base Reserve 5,394 10,306 (12,044) z 570 (335) 3,891
Designated funds
Fixed Asset Cost Fund 526 - - - 25 (114) 437
UK Capacity Fund 310 = s = - (310) -
Growth and Opportunities Fund 1,000 = 3 @ 310 ‘ 1,310
National Staff Dev' Fund 200. . - . - - 200
Unrealised Gains Fund 11 - - 84 (11) 84
sub-total 2,047 - - 84 335 (435) 2,031
Total unrestricted income funds 7,441 10,306 (12,044) 84 905 (770) 5,922
Restricted funds note 14a 474 3,690 (3,695) = (135) 334
Total funds 7,915 13,996 (15,739) 84 905 (905) 6,256
Scr sce sc sce score. :.:_-—cest SS
The Base Reserve comprises risk-assessed income stream elements ta ensure that the charity can continue operations in the event of adverse or
unforeseen situations. The fund level was reviewed by the Board in 2021 and a new target level of £3.8m was set. In 2024 the Board and SLT will seek to
fund extra projects to reduce the balance to the target level.
The Fixed Asset Cost Fund represents the cost of equipment and vehicles used by MAF UK, purchased from unrestricted funds (the net book value of the
charity’s existing fixed assets along with the amount designated by the Board, for future spending, to replace these assets.) The transfers reflect purchases
and disposals.
The UK Capacity Fund was merged with the Growth and Opportunities Fund (Future Application Fund).
The Growth and Opportunities Fund (formerly the Future Application Fund) was established by the Board at £1m to help fund new initiatives above and
beyond those already in the budget, and was merged with the UK Capacity Fund for application in 2024/5.
The National Staff Development Fund, established by the Board at £200k, was re-designated to support the training of pilots and engineers.
The Unrealised Gains Fund represents gains on investments yet to be reaised.
13b Funds As at Income Expenditure Investment Transfers Transfers Asat
Page 13 01.01.22 Gains in out 31.12.22
£000 £000 £000 £000 £000 £000 £000
Base Reserve 7,390 11,440 (11,961) 11 Al (1,527) 5,394
Designated funds
Fixed Asset Cost Fund 520 : 2 6 $ 526
UK Capacity Fund = - 310 : 310
Future Application Fund s = 3 = 1,000 - 1,000
National Staff Dev' Fund - - - - 200 - 200
Unrealised Gains Fund = = : = il : 11
sub-total 520 - - . 1,527 - 2,047
Total unrestricted income funds 7,910 11,440 (11,961) 11 1,568 (1,527) 7,441
Restricted funds note 14b 1,145 4,531 (5,161) (41) 474
Total funds eae9,055 15,971 (17,122) il 1,568 (1,568) eee7,915
----- End of picture text -----

Page 35

Mission Aviation Fellowship UK Annual Report & Accounts 2023

Notes to the Financial Statements

for the year ended 31 December 2023

14a_ Restricted funds

Restricted income arises where a donor has imposed a restriction as to the use of the gift.

The table below summarises, by major category of restriction, the opening balance, income, expenditure and closing balance for each

restricted fund.
As at Transfers Transfers As at
01.01.23 Income Expenditure in out 31.12.23
Fund restriction: £ 000 £ 000 £000 £ 000 £ 000 £ 000
MAF International aircraft projects - 1,127 (1,127) - - -
MAF International PNG Future Footprint - 501 (501) . . -
MAF International Fuel - 67 (67) - - -
MAF International non-aircraft projects - 873 (873) - - -
MAF International staff - 124 (124) - - -
: 2,692 (2,692) : : -
MAF Australia - 36 (36) - . -
MAF Canada - 54 (54) - - -
MAF France - - - - - -
MAF Germany 7 z = x = <
MAF Netherlands - 1 (1) . . -
MAF NewZealand - 1 (1) - . -
MAF South Africa - 7 (7) - - -
MAF Sweden - - - - - -
MAF Switzerland - - - - - -
MAT USA : 21 (21) . : “
- 120 (120) “ °
2 2,812 (2,812) - . .
Stuart KingMemorial Fund 464 - - (135) 329
MAF UK International Staff 10 878 (883) = 5
474 3,690 (3,695) - (135) 334
SSS sso sss sss aCSOE
14b As at Transfers Transfers As at
01.01.22 Income = Expenditure in out 31.12.22
Fund restriction: £ 000 £ 000 £ 000 £ 000 £ 000 £ 000
MAF International aircraft projects 500 1,251 (1,751) : ; a
MAF International PNG Future Footprint 585 (585)
MAF International Fuel - 537 (537) - . -
MAF International non-aircraft projects - 1,088 (1,088) - - -
MAF International staff - 90 (90) - - -
500 3,551 (4,051) - - -
MAF Australia - 37 (37) - - -
MAF Canada - 53 (53) - - -
MAF Netherlands - 1 (1) . . -
MAF NewZealand - 1 (1) - - -
MAF South Africa - 5 (9) - : -
MAF USA - 24 (24) - - -
e 125 (125) - - “
500 3,676 (4,176) = = .
Stuart KingMemorial Fund 633 2 (130) = (41) 464
MAF LIK International Staff 12 853 (855) . m 10
1,145 4,531 (5,161) - (41) 474
Page36