Company registration 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 28 February 2025
The East African Missionary Society Contents Reference and Administrative Details Trustees, Report 2to4 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8t017
The East African Missionary Society Reference and Administrative Details Trustees.. MrDWatt Mrs R Watt Rev S Thomson Mrs J Sawyer (appointed 28 August 2025) Mrs D C Richards {appointed 5 September 2025) Secretary Mrs R Watt Charity Registration Number 1096919 Company Registration Number 04378696 The charity is incorporated in England and Wales. Registered Office Southcombe House Salcom1 Regis Sidmouth Devon EX10 OJN Independent Examiner Mr Philip Whitlock Independent examiner Kepple Gate Higher Ridgeway oitery St 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 truslees, who are directors for the purposes of company law, present the annual report together th the financial statemenls of the charitable company for the year ended 28 February 2025. Objectives and activities Objects and aims The objects of the charity are the advancement of the Christian faith in East Africa and beyond. The Charily seeks to achieve its objectives by raising funds for the "East African Missionary Society" in Uganda which is a Ugandan regislered company (the "Company"). The Christian principles of the Charity as set 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 support through regular communications and through two of its Trustees who are directors of the Ugandan Company and visit Uganda on a regular basis when travel restrictions and health considerations permit. The two trustees fund their expenses themselves and thus their visits are at no cost to the Charity. Public benefit The trustees confimi that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 2
The East African Missionary Society Trustees, Report Achievements and performance This was a year of steady gr0h, both in financial terms and also in raising TEAMS profile. Fundraising events were both popular and successful. The annual August Bank Holiday Monday "cream teas in the churchyard" event was particularly well patronised raising almost £900. The first attempt at staging a Burns Night fundraiser on 25th January 2025 attracted 70 guests and. judging by the compliments- should also become an annual eventl A lavish 3 course traditional Scotlish meal was laid on, the Haggis was piped in and then traditionally addressed by Revd Bruce Thomson one of TEAMS trustees. Afler the meal a ceilidh was great fun, enabling many of us to shed some of the calories absorbed earlier in the evening! This event raised an amazing £9351 3 Trustees (Duncan and Rosalind Watt and the Revd Bruce Thomson, together with volunteer Geoff Purkiss visited TEAMS Uganda in June and participated in prison and hospital visits, as well as lending a hand with maintenance and general administrative matters. The charity is not able to afford to pay for such visits so each traveller must fund the costs themselves. Bruce & Geoff successfully raised considerably in excess of the costs which were generously gifted to TEAMS. This new fundraising attracted new supporters from other parts of the country, land in one case Canada!). Some of these new people have now become regular supporters of TEAMS. The Sanctuary church on TEAMS Uganda's main site close to the large city of Gulu, has experienced increased growth during the year requiring a second, and latterly a third, Sunday Servi to be started lo cope with the growing congregalion. In turn, this has led to the introduction of new programmes, notably Love in Action - a community Outreach project. Volunteers from the church community give their time in the local Community to help the vulnerable, sick, and needy people. TEAMS pays for any consumables., the church vol unteers give f reely of their time. During the year, consent was obtained from the Minister for Prisons in Uganda to commence a new Prison Ministry programme. This weekly programme is proving popular with the Main prison's inmales. A service is held once a week with about 150 regular inmates who are keen to learn more of God's word. TEAMS assists in practical ways by funding the purchase of soap and toiletries as funds permit. Financial review The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements. Plans for future periods Structurei governance and management Nature of governing document The charitable company was incorporated at Companies House on the 21 February 2002 and registered with the Charity Commission 8 April 2003 and is governed by its Memorandum and Articles of Associalion 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 Missionary Society Trustees. Report Slatement of trustees, re3pon8lbllitles The trustees {vtho are also the directors of The East African Mis8lonary Society for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and account$ have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including its income and expenditure, of the charitable Company for that period. In preparing these finan¢lal statements, the trustees are required to: select suitable accounting poli¢ie$ and apply them consistentty- observe the methods and principles in the Charities SORP., make judgements and ests'mates that are reasonable and prudent., state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements", and prepare the financlal Statements on the going concern basi$ unless it 1$ Inappropriate to presume that the charitable company will continue in business. The twstees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking asOnable steps for the PventIon and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation goveming the preparation and dissemination of f5nancial statements may dtffer from legislatlon in other jurisdlctions. Small Companies provlslon ststement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. eis The annual report was approved by the trustees of the charity on . by: Mrs R Watt Company secretsry and trustee Page 4
The East Afrlcan Missionary Society Independent Examiner's Report to the trustees of The East African Missionary Society ('the Company,) I report to the charity Irustees on my examination of Ihe accounts of the Company for the year ended 28 February 2025. Responsiblllties and basis of report As the charity's trustees of the Company (and also its ditOrS for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companias Acl 2006 ('the 2006 Acl.). Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent ex8min8tion, I report in respecl of my examination of your charity's a¢¢ounts as carried out under section 145 Df the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Direclions given by Ihe Charity Commission under . section 145(5llb) of the 2011 A¢1. Independant oxamlner's statement I have completed my examinalion. I confirm that no matters have come to my attention in connection wilh th8 examinalion giving m& cause to believe.. 1. accounting records were not kept in respect of The East African Missionary Society as required by section 386 of the 2006 Act: or 2. the accounts do not accord wilh those records,. or 3. the accounts do not Gomply wth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair Vie which is nol a matter considered as part of an independent examination,. or 4. the accounts have not been prepared in accordance wlth the melhods and principles of the Statement of Recommended Practice for accounting and reporting by chaflties [applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicabje in Èh& UK and RA>¥C ol Irejand {FRS 902)?. I have no concerns and have come across no other matters in connection wlth the examination to which allenlion should be drawn in this report in order to enable a proper understanding of the accoun to be reached. Mr Philip Whitlock Independent examlner Keppl8 Gate Hlgher Ridgeway Ottery St Mary Oevon EX11 1TJ Page S
The East African Missionary Society Ststement of Flnancial Activities for the Year Ended 28 February 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2025 Total 2024 Note Income and Endowments from: Donations and legacies Fundraising Investment income 19,817 2,435 307 23,327 43,144 2,435 307 27,954 1,408 Total income 22,559 23,327 45,886 29,362 Expenditure on: Raising funds Charitable activities (1,590} 15,526 (1,590) 31,579 161) 35,738 16.053 Total expenditure 117,116 16.053 33,169 35.7991 Nel incomel(expenditure) Transfers beeen funds 5,443 1,199 7,274 (1,1991 12,717 16,437) Net movement in funds 6,642 6,075 12,717 (6,437) Reconciliation of funds Total funds brought fomard Total funds carried forward 14 29,249 6,632 35,881 42,318 35,891 12,707 48,598 35,881 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 14. The notes on pages 8 to 17 fom an integral part of these financial statements. Page 6
The East African Misslonary Society (Registration number: 04378696) Balance Sheet as at 28 February 2025 2025 2024 Nole Currenl assets Debtors Cash at bank and in hand 3,180 46,060 49,240 4.249 12 36,499 Creditors: Amounts falling due wilhin one year 13 642 618 Net assets 48,598 35,881 Funds of the charily.. Reslricled income funds Reslricted funds 12,707 6,632 Unrestricied Income funds Unrestricted funds 35,891 29,249 Toial funds 14 48,598 35,881 For the financial year ending 28 February 2025 the charity was entitled to exemplion from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required Ihe charity to obtain an audit of its accounls for the year in question in accordance with section 476., and The directors acknowledge their responsibilities for complying with the requirements of Ihe Act with respect to accounting records 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 the Companies Act 2006. The financial stalements on pages 6 to 17 were approved by the trustees, and authorised for issue on J.q/i!IAs. anol signed on their behalf by: rDWati Trustee The notes on pages 8 to 17 form an integral part of Ihese financial statements. Page 7
The East African Missionary Society Notes to the Financial Statements for the Year Ended 28 February 2025 1 Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards Ihe assets of the charity in the event of liquidation. The address of its registered office is.. Southcombe House Salcombe Regis Sidmouth Devon EX10 OJN 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years Pfesented, unless otherwise stated. Statement of compliance The financial slatements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended practi (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102>) (issued in October 2019) (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Basls of preparatlon The East AfrCan Missionary Society meets the definition of a public benefil entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheiSe staled in the relevant accounting policy notes. Golng concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Exemption from preparing a cash flow statement The charity opted 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 Misslonary Society Notes to the Financial Statements for the Year Ended 28 February 2025 Income and endowments All income is included in the statement of financial activities when entitlement has passed lo the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Legacy income is recognised when receipt is probable and entitlement is established. Bank interest is recognised when credited to the account. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated 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 Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it 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 it appropriate and the donation is consistenl with the charitable company's main objectives. Support costs.. This comprises of central costs including salaries, premises and other expenses relating lo the running of the charitable company. Governance.. This comprises all the costs associated with meeting the constitutional and statutory requirements of the charitable company. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consislent basis. Page 9
The East African Missionary Society Notes to the Financial Statements for the Year Ended 28 February 2025 Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Acl 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains 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 that such income or gains are applied exclusively to charilable purposes. Tanglble fixed assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impaimient losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to wrile off the cost or valuation, less any estimated residual value, over their expected usef ul economic life as follows.. Asset class Fixtures and fittings Depreciation method and rate 25 /0 Straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting 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 reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit 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 investments that are readily convertible lo a known amount of cash and are subject to an insignif icant 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 sub-classes.. restricted income funds or endowment funds. Page 10
The East African Missionary Society Notes to the Financial Statements for the Year Ended 28 February 2025 Financlal Instruments Classlficatlon Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contraclual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Recognition and measurement All financial assets and liabilities are initially measured at transaction price (including transaclion costs), except for those financial assels classified as at fair value through profit 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 conslitLStes a financing transaclion, the financial asset or financial liability is measured at 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 when there exists a legally enforceable right to sel off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the f inancial asset expire or are settled, b) the charily transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) 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 when the obligation specified in the contract is discharged, cancelled or expires. 3 Income from donations and legacies Unrestricted funds Genoral Restricted funds Total 2025 Total 2024 Donations and legacies. Gift aid Donations 7,883 11,934 7,883 35,261 43,144 4,249 23,705 23,327 23,327 19,817 27,954 Page11
The East African Missionary Society Notes to the Financial Statements for the Year Ended 28 February 2025 4 Income from fundraising Unrestrlcted funds General Restrlcted funds Tolal funds Total 2024 Fundraising., Events and activities 2,435 2,435 2,435 1.408 2,435 1,408 5 Investment income Unrestrlcted funds General Restricted funds Total 2025 Total 2024 Interest receivable and similar income,. Interest receivable on bank deposits 307 307 6 Expenditure on raising funds a) Costs of generating donations and legacies Unrestricted funds General Restricted funds Totsl 2025 Total 2024 Note Fundraising costs 1.470 1,470 b) Other costs of generating donations and legacies Unrestrlcted funds General Restricted funds Total 2025 Total 2024 Note Office costs 120 120 61 Page 12
The East African Missionary Society Notes to the Financial Statements for the Year Ended 28 February 2025 7 Expenditure on charitable activities Unrestrlcted funds General Restricted funds Total 2025 Total 2024 Note Activities in Uganda Support costs - office costs Governance costs 14,631 120 775 16.053 30,684 120 775 34,939 61 738 15,526 16,053 31,579 35,738 Page 13
The East African Missionary Society Notes to the Financial Statements for the Year Ended 28 February 2025 8 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 9 Taxation The charily is a registered charity and is therefore exempt from taxation. 10 Tangible fixed assets Fixtures and fittings Total Cost At 1 March 2024 2,776 2,776 At 28 February 2025 2,776 2,776 Depreciation At 1 March 2024 2,776 2,776 At 28 February 2025 Net book value 2,776 2,776 At 28 February 2025 At 29 February 2024 11 Debtors 2025 2024 Other debtors 3,180 4,249 12 Cash and cash equivalents 2025 2024 Cash at bank 46,060 32,250 Page 14
The East African Missionary Society Notes to the Financial Statements for the Year Ended 28 February 2025 13 Creditors." amounts falling due within one year 2025 2024 Accruals 642 618 14 Funds Balance at 1 March 2024 Balance at 28 February 2025 Incomlng Resources resources expended Transfers Unrestricted funds General Main general fund Restricted funds Prison Ministry Mission trip 2024 Child fund Love in Action Mission trip 2025 Borehole at CooPe Education at CooPe SEAMS TEAMS microfinance 29,249 22,559 {17,116} 1,199 35,891 352 5,140 825 350 13,425 1,755 1,100 80 300 {40) (10,4231 (2001 (275) (5,040) 312 6,482 150 (1,199) 775 75 8,385 1,755 1,100 {75) 300 6,632 16,053 1,199 12,707 Totsl funds 35,881 45,886 33,169 48,598 Balance at 1 March 2023 Balance at 29 Fobruary 2024 Incoming resources Resources expended Unrestricted funds General Main general fund 42,318 18,931 (32,000) 29,249 Restricted funds Mission trip 2024 Pastor Charles Child fund 8.871 1.060 500 {2,389) {1,060} 1350 3.799 6,482 150 10,431 6,632 Page 15
The East African Missionary Society Notes to the Financial Statements for the Year Ended 28 February 2025 Balance at 1 March 2023 Balance at 29 February 2024 Incomlng resources Resources expended Total funds 42,318 29,362 35,799 35.881 The specific purposes for which the funds are to be applied are as follows.. Prison Ministry - funds received for the Prison Ministry Programme in Uganda Mission trip 2024 - funds received received to cover the costs of the 2024 visit to Uganda Child fund - funds received for the Child Support Programme in Uganda Love in Action - funds received for the Love in Action Programme in Uganda Mission trip 2025 - funds received received to cover the costs of the 2025 visit to Uganda Borehole at CooPe - funds received lowards the costs of providing a borehole in the village of Ayac in CooPe district Education at CooPe - funds received towards the costs of establishing a school in the village of Ayac in CooPe district SEAMS- funds received from the sale of items made in Uganda under the SEAMS project TEAMS microfinance - funds received lowards the set up costs of the TEAMS microfinance proje¢l 15 Analysis of net assets between funds Unrestricted funds General Total funds at 28 February 2025 Restricted funds Current assels Current liabilities 36,533 642 12,707 49,240 642 Total net assets 35,891 12,707 48,598 Unrestricted funds General Total funds at 29 February 2024 Restricted funds Current assets Current liabilities 29,867 618 6,632 36,499 618 Total net assets 29,249 6.632 35,881 Page 16
The East African Missionary Society Notes to the Financial Statements for the Year Ended 28 February 2025 16 Related party transactions There were no related party transaclions in the year. Page 17