ANGOLAN LITERATURE FUND
ANNUAL REPORT
AND
ACCOUNTS
FOR THE YEAR ENDED
31st DECEMBER 2024
CHARITY NUMBER: 1077591
ANGOLAN LITERATURE FUND
TRUSTEES’ REPORT
For the year ended 31st December 2024
References & Administrative Details
Trustees:
Michael Buckeridge (Treasurer), Jonathan Conway, Jonathan Docksey, John Fenn, Brian Howden, Victor Michael (Chair), David Montgomery (Secretary).
Principal Address: 3 Neals Crescent, Grantham, Lincs, NG31 7GD
Bankers: Natwest Bank plc, CAF Bank Ltd
Structure, Governance and Management
The Angolan Literature Fund was established by Trust Deed on 30[th] September 1998 and is administered by a body of Trustees whose names are set out above. The Trustees meet twice yearly, to consider how the Fund can fulfil its purpose. At other times the Trustees are in communication with each other regarding needs, developments etc.
The Trustees are aware of the need for new Trustees and will arrange for others to join them as and when necessary. All new Trustees are fully informed about the purpose of the Fund, finances, and opportunities available to help meet the great spiritual and practical needs in Angola.
The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
Objectives and Activities
Under its Trust Deed, the purpose of the Angolan Literature Fund is “to further the spread of the Gospel of Jesus Christ amongst the people of Angola and such other charitable objects as the Trustees may from time to time select.” Through the financial support it receives, the Fund is able to send to Angola Bibles, hymnbooks and other Christian literature as well as paper and consumables for literature production within Angola.
Achievements, Performance and Future Plans
Although the provision of Bibles is the primary purpose of the Fund, this year saw that fulfilled as a greater percentage of expenditure than most due to the completion of the Chokwe Bible Project where 26,000 Bibles were printed, and the purchase of 9,124 Portuguese Bibles. These projects totalled £125,808 excluding any shipping costs. Added to this were 20,000 Chokwe hymnbooks, 50,000 Calendars spread over the Portuguese, Chokwe, Luvale, Songo and Umbundu languages,
Local Christians were again supported in radio work in Bie and Saurimo.
The book room’s sales, while lower than the last couple of years year due to problems with the importation of containers, were still encouraging. This money is able to be ploughed back into the Fund
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The Trustees are very grateful to the Ramsey family for the provision of storage facilities and to Medical Missionary Network for their continued assistance with the shipping of supplies to Angola and other support.
With such ongoing demand for the Scriptures and Bible study aids the Trustees will seek to meet these needs with the resources provided by the Lord.
The Trustees are aware of the guidance of the Charity Commission on Public Benefit and have acted accordingly. The many expressions of appreciation from Christians and others in Angola are evident witness to the benefits, spiritual and otherwise, of the work and support of the Fund.
Financial Review and Policies
The Trustees are pleased again to place on record the faithfulness of the Lord in providing the income received, with it all coming from the Lord’s people, Christian Trusts, charities and sale of literature.
As the primary function of the Trust is to provide Bibles and other literature, stock will remain consistently high as we look to provide an ongoing supply and it can take 3-6 months to arrive in Angola from when it is purchased. A large amount of restricted funds have been held over till next year due to:
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the expected need for more Portuguese Bibles.
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Not yet finding the correct equipment to meet our current needs.
The attached Accounts reflect all income received and expenditure incurred. Wherever possible all funds are distributed promptly and are only retained when the Trustees are conscious of other financial needs arising in the foreseeable future. Some funds held are for restricted purposes; other funds are at times designated by the Trustees to help finance projects in hand and other known needs. The funds are held in various bank current and deposit accounts to enable speedy and ready access.
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern as they consider that there are sufficient cash reserves to meet the charity's liabilities as they fall due. Whilst preparing the accounts, the Trustees have considered the impact of current pressures on the world economy with special reference to printing and transport costs.
Approved by the Trustees and signed on their behalf by:
J Docksey
Trustee
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Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the Trustees are required to
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select suitable accounting policies and then apply them consistently;
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- observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. 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.
Approved by the Trustees on 7[th] December 2025
Signed by order of the Trustees
J Docksey
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ANGOLAN LITERATURE FUND
I report on the accounts of the Trust for the year ended 31 December 2024, which are set out on pages 5 to 13.
Responsibilities and basis of report
As the charity’s Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
A Griffiths
Date: 7[th] December 2025
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ANGOLAN LITERATURE FUND STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2024
| NOTES INCOME AND ENDOWMENTS FROM Donations & Legacies 2 Charitable Activities 3 Investments 4 TOTAL EXPENDITURE ON Raising Funds 5 Charitable Activities 6 TOTAL NET INCOME / (EXPENDITURE) TRANSFER BETWEEN FUNDS 7 NET FUND MOVEMENT RECONCILIATION OF FUNDS Total funds brought forward 8 Total funds carried forward |
UNRESTRICTED RESTRICTED TOTAL TOTAL FUNDS FUNDS 2024 2023 £ £ £ £ 51,313 97,500 148,813 169,041 41,437 - 41,437 78,447 4,296 - 4,296 1,502 |
|---|---|
| 97,046 97,500 194,546 248,990 |
|
| 3,438 - 3,438 6,092 121,898 65,000 186,898 99,798 |
|
| 125,336 65,000 190,336 105,890 |
|
| -28,290 32,500 4,210 143,100 - - - - |
|
| -28,290 32,500 4,210 143,100 161,010 101,000 262,010 118,910 132,720 133,500 266,220 262,010 |
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ANGOLAN LITERATURE FUND BALANCE SHEET
For the year ended 31 December 2024
| NOTES FIXED ASSETS Tangible fixed assets 9 CURRENT ASSETS Stocks 10 Prepayments 10.1 Debtors 11 Cash at bank and in hand 12 LIABILITIES Creditors falling due within one year 13 NET CURRENT ASSETS NET ASSETS THE FUNDS OF THE CHARITY 8 General Restricted funds TOTAL CHARITY FUNDS |
2024 2023 £ £ 376 382 99,194 32,447 29,350 28,944 1,966 38,783 136,879 163,998 |
|---|---|
| 267,389 264,172 1,545 2,544 |
|
| 266,220 262,010 |
|
| 132,720 161,010 133,500 101,000 266,220 262,010 |
Approved by the board and signed on their behalf by:
J Docksey
Trustee
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ANGOLAN LITERATURE FUND STATEMENT OF CASH FLOWS
For the year ended 31 December 2024
| NOTES NET CASH USED IN OPERATING ACTIVITIES 14 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of tangible fixed assets Interest income NET CASH PROVIDED BY INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITES Receipt of donations & Legacies NET CASH PROVIDED BY FINANCING ACTIVITIES CHANGE IN CASH AND CASH EQUIVALENT CASH AND CASH EQUIVALENT BROUGHT FORWARD CASH AND CASH EQUIVALENT CARRIED FORWARD |
2024 2023 £ -178,977 -59,955 -752 -764 4,296 1,502 |
|---|---|
| -175,433 738 148,313 169,041 |
|
| 148,313 169,041 -27,120 109,824 163,998 54,174 |
|
| 136,878 163,998 |
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ANGOLAN LITERATURE FUND
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2024
1. Accounting Policies
1.1 Basis of preparations
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019), Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and Charities Act 2011. The Accounts are prepared under the historical convention to include the revaluation of certain assets.
The Charity constitutes a public benefit entity as defined by FRS102. The Charity is regarded as a small entity and has therefore taken all necessary exemptions available under FRS 102.
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern as they consider that there are sufficient cash reserves to meet the Charity's liabilities as they fall due.
In preparing the accounts, the Trustees have considered whether, in applying the accounting policies required by FRS102 and the Charities SORP 102, a restatement of comparative items was needed. No necessary adjustments were identified so the prior year's figures have not been restated, other than for presentation, as they are the same under either reporting framework.
1.2 Accounting for Receipts and Payments
Receipts are taken to the Income and Expenditure Account in the period in which they are received. Investment income is taken into account only in the period in which it becomes payable. Income tax recoverable is taken into the accounts in the year in which tax is deducted. Expenditure, inclusive of VAT, is included on an accruals basis. Legacies are accounted for when they are received.
1.3 Fixed Assets and Depreciation
Fixed assets are stated as cost less depreciation. Depreciation is provided at the following rate, sufficient to write off the cost less estimated residual value over its expected useful life.
Printing equipment – 50% straight line
1.4 Stocks
Stocks are valued at the lower of cost and net realisable value. The stock valuation takes into account the possible obsolescence risk as well as possible damage. On the basis that some stock is expected to be sold at below cost or given free of charge as part of other items, the realisable value of the stock has been adjusted to take this into account.
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1.5 General Funds
Unrestricted Funds are available to the Charity for its general purposes.
If funds are Designated they are Unrestricted Funds earmarked by the Trustees for certain projects but which can, at any time, be used for other purposes agreed on by the Trustees.
1.6 Restricted Funds
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Expenditure which meets the criteria is charged to the fund.
2 Income from Donations
| Individual Gifts (including Gift Aid) Trusts Assembly Gifts Legacies Total |
Unrestricted Funds Restricted Funds Total funds Total funds 2024 2024 2024 2023 £ £ £ £ 46,082 32,500 78,582 19,165 571 65,000 65,571 53,250 4,660 - 4,660 6,626 - - - 90,000 51,313 97,500 148,813 169,041 |
|---|---|
3 Charitable activities
The income from charitable activities represents the proceeds received from books sold and printing work done.
4 Investment income
The investment income received in this and the prior period relate solely to bank interest on cash deposit balances held in the UK.
5 Expenditure on raising funds
| Bank Charges Travelling expenses Independent Examination Legal Fees Printing, Website, Software Insurance Total |
Unrestricted Funds Restricted Funds Total funds Total funds 2024 2024 2024 2023 £ £ £ £ 257 - 257 85 2,153 - 2,153 45 - - - 250 271 - 271 2,180 757 - 757 1,439 - - - 2,093 3,438 - 3,438 6,092 |
|---|---|
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6 Charitable activities
The Fund is engaged in the printing, distribution, and sale of Christian literature in Angola.
| Supplies and parts Freight Monies paid in Angola Bibles (and other Books) Calendars Radio / other local work Depreciation Equipment / buildings Exchange Rate differences add: Opening Stocks & Prepayments deduct: Closing Stocks deduct: Prepayments Total |
Unrestricted Funds Restricted Funds Total Total 2024 £ 2024 £ 2024 £ 2023 £ 11,412 - 11,412 7,215 48,349 - 48,349 26,849 19,663 - 19,663 24,850 92,760 65,000 157,760 35,409 5,000 - 5,000 3,599 1,256 - 1,256 1,298 758 - 758 1,231 2,585 - 2,585 997 7,268 - 7,268 4,108 |
|---|---|
| 189,051 65,000 254,051 105,556 |
|
| 61,392 - 61,392 55,634 -99,195 - -99,195 -32,448 -29,350 - -29,350 -28,944 121,898 65,000 186,898 99,798 |
7 Transfer between funds
There were no transfers between funds for the year.
8 Analysis of charitable funds
| Current Year Unrestricted funds Restricted funds Total Prior Year Unrestricted funds Restricted funds Total |
Funds b/f Income Expenditure Transfers Funds c/f £ £ £ £ £ 161,010 97,046 -125,336 - 132,720 101,000 97,500 -65,000 - 133,500 262,010 194,546 -190,336 - 266,220 |
|---|---|
| Funds b/f Income Expenditure Transfers Funds c/f £ £ £ £ £ 98,910 145,990 -83,890 - 161,010 20,000 103,000 -22,000 - 101,000 118,910 248,990 -105,890 - 262,010 |
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9 Tangible Fixed Assets
| Equipment Cost At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net Book value At 31 December 2023 At 31 December 2024 10 Stock Chokwe Bibles Other Christian literature Portuguese Bibles Total 10.1 Prepayments Other Literature Portuguese Bibles Total 11 Debtors Trade debtors Other sundry debtors Total |
Total £ 45,524 752 46,276 Total £ 45,142 758 45,900 382 376 2024 2023 £ £ 74,730 - 23,296 16,445 1,169 16,003 99,195 32,448 2024 2023 £ £ 4,125 3,720 25,225 25,224 29,350 28,944 2024 2023 £ £ 1,966 38,783 - 1,966 38,783 |
|---|---|
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12 Cash at Bank
| ank | |
|---|---|
| Nat West CAF Cash CAF Gold Overseas Bank Cash in Hand Total Trade creditors Total |
2024 2023 £ £ 14,759 11,931 5,328 3,305 101,428 139,653 14,844 8,598 1,312 511 137,671 163,998 |
| 2024 2023 £ £ 1,544 2,544 1,544 2,544 |
13 Creditors
14 Reconciliation of net movement in fund to net cash flow from operating activities
| Net movement in funds Depreciation Deduct legacy / donations Deduct investment income shown in investing activities Decrease / (increase) in stock (Increase) / decrease in debtors & prepayments (Decrease) / Increase in creditors Net cash used in operating activities |
2024 2023 £ £ 4,210 143,100 758 1,231 -148,313 -169,041 -4,296 -1,502 -66,747 -1,524 36,411 -32,154 -1,000 -65 -178,977 -59,955 |
|---|---|
15 Related Party transactions
The Fund does not employ any staff. Trustees are sometimes reimbursed for travelling expenses incurred.
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16 Comparative Statement of financial activities for the year ended 31 December 2023
| NOTES INCOME AND ENDOWMENTS FROM Donations & Legacies 2 Charitable Activities 3 Investments 4 TOTAL EXPENDITURE ON Raising Funds 5 Charitable Activities 6 TOTAL NET INCOME / (EXPENDITURE) TRANSFER BETWEEN FUNDS 7 NET FUND MOVEMENT RECONCILIATION OF FUNDS Total funds brought forward 8 Total funds carried forward |
UNRESTRICTED RESTRICTED TOTAL TOTAL FUNDS FUNDS 2023 2022 £ £ £ £ 36,041 133,000 169,041 77,155 78,447 - 78,447 69,174 1,502 - 1,502 101 |
|---|---|
| 115,990 133,000 248,990 146,430 |
|
| 6,092 - 6,092 8,305 77,798 22,000 99,798 153,329 |
|
| 83,890 22,000 105,890 161,634 |
|
| 32,100 111,000 143,100 -15,204 - - - - |
|
| 32,100 111,000 143,100 -15,204 98,910 20,000 118,910 134,114 131,010 131,000 262,010 118,910 |
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