Company regi51ralion number.. 04378696 Charity registration number. 1096919 The East African Missionary Society (A company limited by guarantee} Annual Report and Financial Statements for the Year Ended 29 February 2024
The East African Missionary Society Contents Reference and Administrative Details Trustees, Reporl 2to4 Independent Examiner's Report Statement of Financial Activities Balance Sheet Note5 to the Financial Statements 81016
The East African Missionary Society Reference and Administrative Details Trustees MrDWatt Mrs R Watt Rev S Thomson Secretary Mrs R Watt Charity Registration Number 1096919 Company Registratlon Number 04378696 The charity is Incorporated in England and Wales. Reglstered Office Southcombe House Salcombe Regis Sidmoulh Devon EX10 OJN Independent Examiner Mr Philip Whitlock Independent examiner Kepple Gate Higher Ridgeway oitery Sl Mary Devon EX11 1TJ Bankers Lloyds Bank Harrow 286-288 Station Road Harrow Middlesex HA12EB Page 1
The East African Missionary Society Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report together wtth the financial statements of the charitable company far the year ended 29 Februaiy 2024. Objectives and activities Objects and aims The objects of the charity are the advancement of the Christian faith in East Africa and beyond. The Charity seeks to achieve its objectives by raising funds for the "East African Missionary Society" in Uganda which is a Ugandan registered company (the "Company") The Christian principles ol the Charity as sel out in its Memorandum and Articles of Association are mirrored in the Memorandum and Articles of Association of the Company. The Charity monitors the aclivities of the Ugandan Company and provides advi and supporl Ihrough regular communications and through two of its Trustees 0 are directors of the Ugandan Company and visit Uganda on a regular basis when travel restriclions and health considerations permit. The two trustees fund their expenses themselves and thus their visits are al no cost to the Charity. Public benerrf The Iruslees confirm that they have complied with the requirements of section 17 of the Chafilies Act 2011 to have due regard lo the public benefit guidance published by the Charily Commission for England and Wales. Page 2
The East African Missionary Society Trustees, Report Achievements and performance This year staned in a very sad way. Its young and dynamic Ugandan Pastor, Charles. was diagnosed wth Bowel Cancer and died a few months later leaving a young wife and 2 children He was just 34. The UK Board did what it could to assist with Charles's medical expenses which naturally pul a strain on our finances. Nevertheless, the fund-raising efforts in the UK lo support Charles raised TEAMS profile and Sin then, new supporters have come forward Isaiah and Bru, Charles's 2 children, now form part of TEAMS'S new child educational support programme This is designed lo help vulnerable children by giving them access lo education until they reach 18 A generous donor stepped forward lo start this programme and further sponsors are being sought There are many needy children close lo where we operate so we pray that sufficient sponsors come foward lo enable this programme to grow. As usual. a number of fund-raising events were organi5ed during the year, including a Barn Dance and Bank Holiday Cream Teas in the Churchyard. These were enjoyed by all and produced a much-needed boost to income. TEAMS UK Chairman and Secretary (his wife!} visited TEAMS centre in Uganda in June 2023 and in addition to their usual work th TEAMS, the hospital and prison, were able to oversee the rebuilding of the road tsoundary wall which Wds paid for from the compensation received when the road authority compulsorily acquired half an acre of TEAMS land This was the couples 34th visit lo Uganda, all ol which has been funded by themselves. On their return to the UK, a series of la5ks and presentations were given to TEAMS supporters which resulled in the idea to lake 2 volunteers with them back lo Uganda in June 20241 The latter part of this financial year was dominated by the very successful fundraising efforts of the 2 new volunteers. again boosting income and TEAMS profile. Finally, after an interregnum of 5 months, TEAMS recruited a new pastor in his early 30's, Pastor Anthony. Anthony has a Bachelor's degree in Theology from the Bible College In Uganda and was a professional singer before becoming a Pastor. He is married to Sunny and already lived in Gulu He is very OLrtgoing and popular. He has already doubled our weekly attendances al church and initiated a "Love in Action" programme reaching out lo the vulnerable and needy. Members of the church congregation give Iheir time and talents free to run this programme which unite5 the community We look forward to the next year with great optimism. Financial review The results for the year and the charity's financial position at the end of the year are shown in the allached financial stalemenls. Structure, governance and management Nature of governlng documenl The charitable company was incorporated at Companies House on the 21 February 2002 and registered with the Charily Commission 8 April 2003 and is governed by ils Memorandum and Articles of Association dated 21 February 2002. amended 29 January 2003 and 10 August 2011. The Trust is managed by the board of trustees. which meets on a regular basis. Page 3
The East Afrlcan Mlsslonary Soclety Trustees. Report Statement of trustees. responsibllltles The trustees (who are also Ihe directors of The East African Missionary Socieiy for the purposos of company law) are responslble for preparing the trustees. report and Ihe financial statements in accordance with appliGable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), inclu(Jing FRS 102 "The Financi81 Reporting Standard applicable in the UK and Republic of Ireland" The report and accounts have been prepared in accordance with th8 provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepare financial stalemenls for each financi81 yèar. Under company law the trustees must not approve thè financial statements unless they are satisfied that they glve a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resources, including ils income and expenditure, of the charitable ornpany foi that pariod. In preparing these financi81 stalemanls, the trustees are required to.. select suitabla accounting policies and apply them consistently. observe the melhods and principles in the Charities SORP- make judgemenls and estimates that are reasonable and prudent: state whether applicable accounting standards, comprising FRS 102 have been followed, subject lo any material departures disclosed and explained in the financi81 stalemenls.. and prepaf8 th8 financial statements on the going concem basis unless it is inappropnate to presume that the charitable Company will continue In busin8SS. The trustees are responsible for keeping proper accounting records that can disclose with reasonabl8 8¢curacy at any time the financial position of the charitable company and enable them to ensure Ihal Ihe financial statements ¢omply with the Companies Act 2006. They are also responslble for safeguarding the assets of the charitable company and hence for taking reasonable sleps for the preventlon and detection of fraud and other irregularities. The trustees are responsible for thé maintenance and inlegrity of the corporate and financial infomation included on Ihe charitable companvs website. Legislation governing the preparation and dissemination of financial statements may differ from legislalion in othef jurisdictions. Small companle8 provlslon statement This report has been prepared in accordan¢e with the small companies re9ime under Ihe Companies Act 2006. The annual report was approved by the Iruslees of the ch8rily on Lfy...kL.ZoU+and signed on ils behalf by: Watt Company $8cretary and trustee Page 4
The East African Missionary Society Independent Examinews Report to the trustees of The East African Missionary Society ('the Company,) I report to the charity trustees on my examination of the account5 of the Company for the year ended 29 February 2024. Responsibilities and basis ol report As Ihe charity's Irustees of the Company (anLI also Its directors for the purposes of company law) you are responsible for the pieparation of Ihe accouTh(s Itb aCCDfdance with Ihe Teouiremen15 of Ihe Companies Act 20061'the 2006 Acl,). Having salisfied myseff thal the accounts of Ihe Company are nol required lo be audited undei Part 16 of the 2006 Act and are eligible for independent examinalion. I reporl in respect of my examination of your charrty'5 accounls as carried oul under section 145 of Ihe Charitie5 Act 2011 ('Ihe 2011 Acl'l. In Carrying out my examination I have followed the Diiections given by the Charity Commission under section 145(SJ{b) of the 2011 Act. Independent examiner's statement I have completed my exarninalion. I confimi thal no matters have come lo my attention in connection with Ihe examination giving me cause to believe". 1. accounting records were not kept in resped of The East Afncan Missionary Society as required by section 386 of the 2006 Act. o.. 2. the accounts do noi accord wrth those records. or 3. the accounts do not comply wth the accounting requiremenls ol seclion 396 of the 2006 Act other than any Tequiremenl that the accounts g¢ve a 'true and fair view. which is nol a matter considered as part of an independent examination. oi 4. the accounts have not been prepared in accordance with the melhods and principles of Ihe Slalemenl of Recommended Practice for accounting and reportino by charilies lapplicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)]. I have no conce¥ns and have come across no other mallers In connection with the examinalion lo which attention should be drawn in this report in order to enable a proper underslanding DI the accounls to be reached. Mr Philip Whltlock Ind8pendent examiner Kepple Gate Higher Ridgeway L)ttery St Mary Devon EX11 1TJ Page S
The East African Missionary Society Statement of Financial Activities for the Year Ended 29 February 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Fundraising Total income 17,523 1,408 10,431 27,954 1,408 19,976 18,931 10,431 29,362 19,976 Expenditure on". Raising funds Charitable activitie5 {81) 31,939 161) 35,738 11561 18.257 (3,799 Total expenditure 32,000 13.799 135,799 118,413} Nel (expenditurellincome 13,069 6,632 16.437 1,563 Net movement in funds {13,0691 6,632 16,437) 1,563 Reconciliation of funds Total lunds brought foward 42,318 42,318 40.755 Total funds carried foTward 13 29,249 6.632 35,881 42,318 All of the charity's 8clivilies derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 13. The notes on pa9es 8 to 16 fom an inlegral part of these financial slalements. Page 6
The East African Missionary Society (Registration number: 04378696) Balance Sheet as at 29 February 2024 2024 2023 Nota Current assets Debtors Cash at bank and in hand 10 4,249 32.250 3.052 39,860 36,499 42,912 Creditors: Amounts falling due wlthin one year Net assets 12 618 (5941 42,318 35.881 Funds of the charlty: Reslrlcted income funds Restricted funds 6,632 Unrestrlcted Income funds Unrestricted funds 29,249 42,318 Total funds 13 35,881 42,318 For the financial year ending 29 February 2024 the charity was entFtled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting rècords and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of Ihe Companies Act 2008. The financial stateménts on pages 6 to 16 were approved by the trustees, and authorised for issue on 4 December 2024 and signed on their behalf by. Trus The notes on pages 8 to 16 form an integral part of th8ge financial stat8ments. Page 7
The East African Missionary Society Notes to the Financial Statements for the Year Ended 29 February 2024 1 Charity status The charily is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the truslees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. The address of its registered Offi is. Soulhcombe House Salcombe Regis Sidmoulh Devon EX10 OJN 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation ol these financial statements are sel out below. These policies have been consistently applied lo all the years presented, unless otherwise stated. Statement of compliance The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practi {applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102>1 {issued in October 2019) (Charilies SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006. Basis of preparation The East African Missionary Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless olheNise stated in the relevant accounting policy notes. Going concern The Iruslees consider that there are no material uncertainties about the charity's ability lo conliniie as a going concern nor any signih'canl areas of uncertainly that affect the carrying value of assets held by the charity. Exemption from preparing a cash flow statement The charity Qpled to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Page 8
The East African Missionary Society Notes to the Financial Statements for the Year Ended 29 February 2024 Income and endowments All income is included in the statement of financial activities then enlitlemenl has passed lo the charity. It is probable Ihal the economic benefits associated wth the transacliorl will flow lo the charity and the amount can be reliably measured. The followng specific policies are applied to particular categories of income: Income from donations or grants is recognised when there is evidence of enlillement to the gift. receipt is probable and its amounl can be measured reliably Legacy income is recognised when receipt is probable and entillemenl gs established Income from donated goods Is measured at the fair value of the goods unless this is impractical lo measure reliably, in which case the value is deriv&d from the cost to the donor or the estimaled resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers Expenditurft Expenditure is recognised on an accruals baSS as 3 liability is incurred. Expenditure Includes any VAT lch cannot be fully recovered, and is classified under headings of the statement of financ131 activities lo which il relates Costs of generating funds.. This comprises of all expenditure incurred relating to the services provided by the charitable company. Charitable expenditure.. This comprises all of the expenditure incurred for charitable purposes and donated by the charitable company to other registered charities or churches whose objects are consistent with those of the charitable company, and to individuals whom the Trustees deem Il appropriate and the donalion is consistent wth the charitable company's main objectives Support costs.. This comprises of central costs including salaries, premises and other expenses relating to the running of the charitable company. Governance. This comprises all the costs associated wth meeting the conslilutional and slatulory requirements of the charitable company. Other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and consislenl ba51S. Page 9
The East African Missionary Society Notes to the Financial Statements for the Year Ended 29 February 2024 Taxation The charity is considered to pass the lests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company lor UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital g31ns received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent thal such income or gains are applied exclusively to charitable purposes Tangible fixed assets Tangible assets are initially recorded al cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assels so as to lte off the cost or valuation, less any esli mated residual value. over theii expected useful economic life as follows. Asset class Fixtures and fittings Depreciation method and rate 25¥0 Straight line lrnpairment of fixed assets A review for indicators of Impairment is carried out 31 each repuiing date, with the recoverable amount being estimated where such indicators exist Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible revers31 at each reporting date For the purposes of impairment testing. when it is not possible lo eslim31e the recoverable amounl of an individual 3ssel, an estimate is made of the recoverable amount of the Cash-generating unil to which the asset belongs. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid inveslmenls that are readily convertible lo a known amount of cash and are subject to an insignificant risk of change in value Fund structure Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes. restricted income funds or endowment funds. Page 10
The East African Missionary Society Notes to the Financial Statements for the Year Ended 29 February 2024 Financial instruments Classification Financial assets and financial liabilities are recognised en the charity becomes a party lo the conlraclual provisions of the instrument. Financial liabilities and equity instruments are classified according lo the substance of the conlraclual arrangements entered into. An equity instrument 15 any contract that evidences a residual Interest in the assets of the charity after deducting all of its liabilities Recognition and measurement All linanci81 assets and liabilities are initially me8sured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profil or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs}, unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured al the present value of the future payments discounted at a market rate of interest for a similar debt Instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only en there exists a legally enforceable right to set off the recognised amounts and the charity Intends either to settle on a net basis, or lo realise the asset and settle the liability simultaneously Financial assets are derecognised en and only en al the contractual rights to the Gash IIow5 from the financial asset expire or are settled, bl the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or cl the charity, despite having retained some. but not all, significant risks and rewards of ownership, has transferred control of the asset to another party Financial liabilities are derecognised only en the obligation specified in the contract is discharged. Canlled or expires. 3 Income from donatlons and legacies Unrestricted funds General Restricted funds Total 2024 Oonalions and legacies., Gift aid Donations 4,249 13,274 4.249 23.705 10,431 17,523 10.431 27,954 Page11
The East African Missionary Society Notes to the Financial Statements for the Year Ended 29 February 2024 Unrestricted funds General Restricted funds Total 2023 Donations and legacies, Gift aid Donations 3,052 12,524 3.052 16.924 4,400 15,576 4,400 19,976 4 Income from fundraising Unrestrlcted funds General Total 2024 Fundraising. Events and activities 1,408 1,408 1,408 1.408 5 Expenditure on raising funds a) Other costs of generating donations and legacies Unrestricted funds General Total 2024 Note Office costs 61 61 Unrestricted funds General Total 2023 Note Office costs 156 156 6 Expenditure on charitable activities Page 12
The East African Missionary Society Notes to the Financial Statements for the Year Ended 29 February 2024 Unrestricted funds General Restricted funds Total 2024 Note Activities in Uganda Support costs - Offi costs Governance costs 31,140 61 738 3.799 34,939 61 738 31,939 3,799 35,738 Unrestricted funds General Restricted funds Total 2023 Note Activities in Uganda Support costs - office costs Governance costs 13,100 155 642 4.360 17,460 155 642 13,897 4.360 18,257 Page13
The East African Missionary Society Notes to the Financial Statements for the Year Ended 29 February 2024 7 Trustees remuneration and expenses No trustees. nor any persons connected with them, have received any remuneration from the charity during the year. No Iruslees have received any reimbursed expenses or any other benefits from the charity dLtring Ihe yeai. 8 Taxat¥on The charity 1$ 3 registered charity and is therefore exempt fr(xn taxation. 9 Tangible fixed assets Fixtures and fittings Total Cost Al 1 March 2023 2,776 2,776 At 29 February 2024 Depreciation Al 1 March 2023 2,776 2,778 2,776 2,776 At 29 February 2024 Net book value 2.776 2,776 At 29 February 2024 Al 28 February 2023 10 Debtors 2024 2023 Other debtors 4,249 3,052 11 Cash and cash equivalents 2024 2023 Cash at bank 32,250 39,860 Page 14
The East African Missionary Society Notes to the Financial Statements for the Year Ended 29 February 2024 12 Creditors: amounts lalling due within one year 2024 2023 Accruals 618 594 13 Funds Balance at 29 February 2024 Balance at 1 March 2023 Incoming resources Resources expended Unrestrlcted funds General Main general fund 42.318 18.931 (32,000) 29,249 Restricted funds Mission trip Pastor Charles Child fund 8.871 1.060 500 12,389) 11,0601 350 6.482 150 10.431 13,799) 6,632 Totsl funds 42,318 29,362 35,799 35,881 Balance at1 March In¢oming Resources 2022 resources expended Balance at 28 February 2023 Transfers Unrestricted funds General Main general fund Restricted funds Orphan lund Mission trip 40.605 15,576 {14,0531 190 42,318 150 1150) 40 4,400 4.360 150 4.400 {4.360 1190 Total funds 40,755 19,976 118.4131 42 318 Page 15
The East African Missionary Society Notes to the Financial Statements for the Year Ended 29 February 2024 The specific purposes for which the funds are lo be applied are as follows.. Orphan fund- funds held lor the Orphan Support Programme In Uganda Mission tnp - funds received received during the year to cover the costs of flights to Uganda Pastor Charles - funds received during the ye2r to assist with the healthcare costs for Pastor Charles Child fund- funds received during the year for the Child Support Programme in Uganda 14 Analysis of net assets between funds Unrestricted funds General Total funds at 29 February 2024 Current as5e15 Current liabilities 36,499 618 36.499 618 Total net assets 35,881 35,881 Unrestricted funds General Total funds at 28 February 2023 Current assets Current liabilities 42,912 594 42,912 1594 Total nel assels 42,318 42,318 15 Related party transactions There were no related party transactions in the year. Page 16