REGISTERED COMPANY NUMBER: 05976094 (England and Wales) REGISTERED CHARITY NUMBER: 1123089 Report of th• Trustees and Financlal Statements for the Year Ended 31 March 2024 for RAFFA INTERNATIONAL DEVELOPMENT AGENCY Jassal and Company Chartered Accountants and Registered Auditors Unit 2 Hatherton Court 21 Hatherton Street Walsall West Midlands WS4 2LA
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Contents of the Financlal Statements for the Year Ended 31 March 2024 Page Report of the Trustees 1 to 10 Indepandent Examlner's Report 11 Statement of Financial Actlvltles 12 Balance Sheet 13 to 14 Notes to the Financlal Statements 15 to 22
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Report of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their reportwith thefinancial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims RAFFA (Renewal, Advancement, Financial Freedom, Autonomy) is an International Development Agency which was launched by the Church of God of Prophecy UK in association wilh the Church of God of Prophecy Africa, at the House of Lords in November 2006. The mission of FIAFFA aims to promole community development and reduce poverty by encouraging enterprise and increased productivity amongst individuals. To help develop social action through economic and environmental engagements, helping the poor and deprived to make a positive drfference for the common good. The RAFFA system is a Diaspora-led model (aligned with the Sustainable Development Goals), which brings together local, regional and national stakeholders to embrace the challenges and opportunities associated with the integration of local and International Development co-operation. RAFFA provides early stage support, technical assistance and programme development, to enable individuals. churches and local communities to build capacity and tackle issues Ihrough social action such as business and enterprise, health and wellbeing, learning and skills, volunteering for social action and youth development. RAFFA partners with organisations lo embrace the challenges of Lifelong Learning, Community Development, Social Enlerprise and Co-operatives and Chaplaincy Services. RAFFA is celebrating 17 successful years by paying tribute to the people whose volunteering, talent and generosity played an important part in RAFFA'S development and achievements. We extend our heartfelt gratitude to all the partners, donors, and team members who contributed lo our efforts throughout the year. The collaborative spirit upheld by organisations such as MCW. Angel Foundation, Nehemiah Housing and Grace Foods has been instrumental in achieving our goals. RAFFA has demonstrated Leadership and Community Management lo inspire and empower individuals and organisalions throughout the UK and made an impact in Africa, North America and the Caribbean. Throughout our 17th Anniversary year, we will continue to facilitate Diaspora-led projects and assist with fundraising. RAFFA continues to support young people through the youth skills including programmes aimed at developing and empowering to impact their community by using a range of social media to gain employment and work experience. RAFFA, through the Power of Evangelism programme, encourage young leaders to understand the importance of Identity, Leadership Skills and Evangelism to engage wilh communities, advancing the gospel of love and peace in the process. RAFFA continued to develop the Women In Leadership programme with the aim of inspiring and empowering women and has agreed to support COGOP churches with various initiatives including women's health and wellbeing and supporting the introduction of a carers project. RAFFA will support the 2024 Employability Conference hosted by Reach Society by providing mentors for the various conferences across the country. Page 1
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Report of the Trustees for the Year Ended 31 March 2024 RAFFA acts as a facilitator by providing local, national and international communities with the support to collaborate with local and national bodies to deliver their community priorities. RAFFA is supporting people that are struggling with inequality, the detrimental effect of high energy prices and osts of living. through betler health campaigns and providing a voice that is facililating change. RAFFA has successfully promoted the importance of blood donation and organ transplant and raised awareness across all communities of how donations of blood and organs helps lo save lives. More than 6,000 parents have received health books and more than 40,000 leaflets have been dislributed on behalf of the NHS al organised events to date. Slgnificant activities Joint Working Priorities During the year RAFFA has continued to review its operational goals and as well as the objectives outlined above the trustees have emphasised the importance of working together to achieve integrated and empowered communities, fit for 21 st century. The trustees have outlined seven key RAFFA priorities which have been brought forward from the prior year as follows Priority 1 .' Business and Enterprise African and CARICOM Area FIAFFA continued to exemplify its commitment to international development through dynamic and impactful initiatives. Our efforts spanned mulliple continents, touching lives in Ghana, Trinidad, Kenya, and Jamaica. RAFFA'S contributions have significantly uplifted communities, particularly focusing on educational support and strengthening global partnerships. Priority 2.. Health and Well-being Integrated Health & Well-being Network RAFFA has achieved extraordinary success with the Caribbean and African Targeted Health Improvement Programme, a remarkable collaboration with the Caribbean and African Health Network (CAHN) and four other esteemed organisations. This initiative underscores our commitment to enhancing health outcomes within our communities. particularly focusing on preveniative care and education. The programme, which initially started as a 0-year pilol, involved virtual weekly sessions conducted by qualified General Practitioners (GPS) and health specialists. Each session delved into various health topics, ranging from managing chronic illnesses and mental health to nutrition and preventative medicine. RAFFA'S pivotal role in this initiative was to raise awareness about these valuable sessions. Through our extensive networks and tireless advocacy, we ensured Ihat thousands of individuals across the country were informed about and engaged with this programme. Our concerted efforts in community education and outreach led to a significanl increase in participation, equipping people with the crucial knowledge required to take proactive steps towards their health and wellbeing. The preventative nature of this project cannot be overstated. By educating individuals on preventative heallh measures, we aimed to reduce the incidence of chronic diseases, alleviate long-term healthcare pressLJres, and enhance overall quality of life. Participants received timely information on early detection of potential health issues, lifestyle modifications needed lo prevent disease onset, and the importance of regular health check- ups. Page 2
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Report of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES The benefits of the Caribbean and African Targeted Heallh Improvement Programme have been manifold: 1. Increased Health Literacy.. Attendees gained a deeper understanding of various health issues and the strategies lo manage them effectively. 2. Empowerment.. Knowledgeable individuals are empowered to make informed decisions about their health, ultimately leading to healthier lifestyles. 3. Community Strengthening- By fostering a shared space for learning. this programrne has strengthened community ties, promoting collective health resilience. 4. Sustained Impacl.. Now transitioning from a pilot to an ongoing initiative, the programme ensures continuous support and education for our communities. The overwhelming participation and positive feedback underscore the profound impact of this inillative. As the weekly sessions continue, we remain dedicated to fostering a well-informed, healthy community, leveraging our partnership wilh CAHN and othef organisations to drive lasting health improvements. RAFFA is proud to be at the forefront of this transformative health journey, advocating for a future where preventative care and education are paramount. Priority 3: International Development RAFFA conducted a flagship project that involved extensive support for schools in Jamaica, accompanied by international outreach efforts. We successfully co-ordinated the shipment of essential educational supplies lo schools in Ghana, Trinidad, and Kenya. These supplies included lextbooks, technological devices, stationery. and other learning materials crucial for enhancing the educational experiences of students in these regions. RAFFA has scheduled significant engagements aimed at fostering and celebrating collaborative partnerships. A highlight will be our CEO'S visit to Greater Portmore High School in Jamaica. During this visit, RAFFA will participate in a handing-over ceremony thal acknowledges the vital partnerships with organisations like the Angel Foundation, Grace Foods, and others. This event underscores the collective effort in supporting educational institutions and enhancing student welfare. RAFFA plans to extend its support to Siloh Primary School in Jamaica. This initiative aims to identify and address the specific needs of Ihe school, ensuring a more iailored and effective support system. Our ongoing, hands-on engagement with these schools highlights our dedication to sustainable educational developmenl. FI4FFA's strategic vision for international development also involves forming and nurturing collaborations with global leaders. Our CEO will attend the Church of God of Prophecy (COGOP) International Assembly in Orlando, Florida. This gathering will present a unique opportunity to connect wilh failh-based leaders from around Ihe world. By establishing partnerships with COGOP leaders, RAFFA aims to develop future projects that align with our mission of promoting educalion, health, and community development globally. Priority 4.. Leadership and Community Management RAFFA'S CEO, Angela Clarke, has been awarded the prestigious British Empire Medal by King Charles. This esteemed recognition was bestowed upon Angela in April 2023 followed by an invitation to Buckingham Palace on 3rd May 2023. Angela Clarke's receipt of the British Empire Medal is a testament to her unwavering dedication and tireless work within communities both across the UK and internalionally. Her leadership at RAFFA has not only transformed the organisation but has also fostered positive change in countless lives, transcending borders and boundaries. Page 3
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Report of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES This accolade highlights Angela's relentless commitment to communily service and her inspiring vision, which continue to steer RAFFA towards a brighter future. We are profoundly proud of her achievements and grateful for her exemplary leadership. RAFFA has continued to commit resources to the Home Office Vulnerable Advisory Group to help develop policy on future border controls and the impending e-visa programme. Priority 5: Learning and Skills RAFFA continued to support local community groups and leaders with the provision of safeguarding awareness training as outlined in its Safeguarding Adulls Policy and Safeguarding Policy for Children and Young People. RAFFA continues to collaborate with Reach Society supporting their Career and Employability days that has extended lo other parts of the country. The aim of the employability days is lo provide young people with the opportunity to meet role models, mentors and representatives from organisations who encourage and motivate young people to priorilise the allainment of skills to enhance their employabilily. RAFFA continued to provide support to Senlient counselling service by the provision of volunteer counsellors and clinical supervisors. RAFFA continued to provide support to schools and colleges by givin9 talks about the various opportunities available within the various projects that RAFFA has been running in 2023-2024. Priority 6.. Volunteering for Social Action RAFFA continues to inspire a greater level of volunteering amongst young people and adults, due to its programme-led approach that enables people of all ages, cultures and abilities to participate. RAFFA continues to be an influential and active force with the aim of building a lasting legacy in the following spheres of society: Faith Communities Family Education Government Business Media Arts & Entertainment RAFFA continues with its co-ordination activities to donate medical equipment and devices to support Diaspora individuals and charities who are linked to their High Commissions, Hospilals and Health Centres. Priority 7: Youth RAFFA is enabling young people to shape positive change in their local communities by becoming role models to inspire others, developing their skills to deal with money, mental heallh, employment and in areas where their voices need to be heard. RAFFA'S Power of Evangelism initiative has significantly impacted young people across the nation by providing them with opportunities lo explore their identity, enhance their leadership skills, and deepen their faith. This pioneering effort culminated in two weekend retreats that brought together over 50 young individuals, creating a Iransformative experience. Page 4
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Report of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES The first relreal, held at The House of Bread in London. and the second at the New Jerusalem Church in Birmingham, succeeded in their mission to foster a sense of community and personal growth. Both events were met with enthusiastic participation and have left an indelible mark on the attendees. During these retreats, young people were encouraged to exhibit and share their leadership skills and talents. By engaging with like-minded peers, they not only formed lasting relalionships bul also learned the importance of collaboration and mutual support. The atmosphere was one of inspiration and motivation, providing 8 fertile ground for personal and spiritual development. RAFFA'S CEO, Angela Clarke BEM, alongside notable figures such as Les Isaac OBE and Pastor Stephen Brooks, played an instrumenlal role in Ihe success of Ihis initiative. Their strategic approach embraced the diverse skills, knowledge, and abilities of the young participants, ensuring that each individual felt valued and empowered. The Power of Evangelism initiative has proven to be a vital plafform for young people lo grow in their faith, explore their identity, and develop their leadership capacities. The success of Ihis year's retreats highlights the importance of continued support and investment in our young people, as they are the future leaders of our communities. FIAFFA has demonstrated how organisations benefit from young people's energy, ideas and capacity to create p051tive change. Young people bring a different perspective that can shift their way of thinking and open up new ways of working for the organisations benefit. RAFFA continues io encourage young people to get involved in social action activities lo enable them lo make a positive difference to others in their community or the environment. Young people are encouraged to look at the various ways in which they can take practical action to make a positive difference in a range of contexts both formally and informally. These include volunteering, fund-raising, campaigning, or supporting peers. During this year the charity increased it's support programmes by successfully bidding for and receiving grant funding from a range of sources. Publlc benefit The Trustees are aware of the Charity Commission's guidance on public benefit reporting as set out in section 17 of the Charities Act 2011. The Trustees believe Iheir objectives of working together to achieve inlegraled and empowered communities and the seven priorities set out in this Trustees report are for the public benefit. Grantmaklng During the year the charity provided aid in kind including technical assistance and programme development to individuals, educational and charitable organisations. The activity undertaken by these charitable institutions reflect the objectives of the charity. ACHIEVEMENT AND PERFORMANCE Charitable activities RAFFA has supported various churches with their Social Action event days. RAFFA has supported Reach Society wilh their Careers Conference and will continue to do so in 2025. RAFFA continued to work with COGOP and other churches within the community to provide loneliness and bereavement support initiatives and assisted with signposting of support networks where people can access support. RAFFA continued with ils collaboration with the COGOP National Women's Leader to develop programmes that engage and empower women from the communily as well as those within the church environment. Page 5
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Report of the Trustees for the Year Ended 31 March 2024 RAFFA supported families affected by Windrush and provided leadership and engagement with the Home Office. RAFFA provided support to Reach Society for their 12th Careers Conference and promoted the importance of Social Action. FIAFFA has supported the Careers Conference each year since it's inception in 2011. RAFFA has successfully bid for funding to support it's charitable aclivilies including providing leadership in community engagement, facilitating community investment, blood donation. organ transplant and health promotion. RAFFA has continued to collaborate with four other organisations in The Caribbean and African Targeted Health Improvement Programme (CATHIP). Together they have organised weekly online Health Hour Programmes, held every Saturday morning, to address diverse health topics. These programmes continue lo reach a significant audience, effectively enhancing knowledge and awareness while empowering individuals to make informed choices pertaining to their health and well-being. The trustees will continue to develop charitable activities in the forthcoming year. Fundralslng actlvSties RAFFA has received donations from the congregation of the Church of God of Prophecy. The charity also continues to raise funds as a service provider through a wide range of partnerships and activities. RAFFA has received funds from NHS England to promote community well-being, from The Caribbean and African Targeted Health Improvement Programme to bring together health care professionals lo inform the community through a weekly programme about health issues such as respiratory disease, mental and emotional health, reproductive and sexual health, cardiovascular, blood and cancer disease. RAFFA has received funding from the Home Office io promote community development initiatives and to facilitate community support programmes. RAFFA acted as a community lead to engage with stakeholders and the community about blood donation. FINANCIAL REVIEW Prlncipal funding sources The income generated from voluntary donations was £5,047 (2023: £6,042) and from grants received was £69,332 (2023.. £22,875), a total of £74,379 (2023.. £28,917}, an increase of £45,462. The balance sheet shows fixed assets of £546 (2023.. £1,092>. Net current assets amounted to £7,519 (2023.. £8,545) and total funds carried forward were £8,065 (2023: £9,637). Reserves pollcy The trustees are considering the level of reserves that the charity will need to make it self sustaining. Currently, the charity is being supported by the Church of God of Prophecy which provides financial resources to supplement the charity's fundraising. Discussions are continuing to consider a service level agreement whereby the charily delivers charitable projects on behalf of the Church using RAFFA'S social action expertise and international connections. Funds In deficit There was net deficit of £1,572 {2023.. £14,484) for the year ended 31 March 2024. Total funds carried forward are in surplus by £8,065 {2023- £9,637). The charity has a partnership and support arrangement wilh the Church of God of Prophecy which allows both organisations to draw upon their respective expertise to manage the funds for the benefil of the public. The Board considers that the charity will continue wilh its operations for the foreseeable future and with Ihe continued support of Ihe Church of God of Prophecy. The charity will continue with its efforts to raise funds independently from the Church of God of Prophecy but will continue to rely on the support of the Church, it's congregation and the international connections it ha5 created. Page 6
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Report of the Trustees for the Year Ended 31 March 2024 FUTURE PLANS The charity will continue with its fundraising efforts and the delivery of various projects in the Area of Benefit over the forthcoming year. FZAFFA will continue to support various churches with their Social Action event days. RAFFA will continue to support Reach Society with their Employability Conference. RAFFA will deliver the NHS Blood Transfusion Service project to increase the number of blood donors in the local community. RAFFA will continue to provide Safeguarding training for churches through Angela Clarke. RAFFA will continue to collaborate with the COGOP National Women's Leader to develop programmes of support that will engage and empower women from the community as well as those within the church environment. RAFFA will share knowledge about supporting women with training. leadership and business with other organisations. RAFFA will support events that promote health and well-being including mental health. The Caribbean and African Targeted Health Improvement Programme {CATHIP) stands as a significant initiative that has seen RAFFA collaborate with four other organisations to promote weekly online Health Hour Programmes, held every Saturday morning, to address diverse health topics. RAFFA will continue it's work lo facilitate the procurement of resources for communities in the UK and overseas. RAFFA will continue to develop it's climate change agenda and support the United Nations call for action by supporting the COGOP to use more sustainable and renewable energy sources to reduce environmental impact. RAFFA will provide technical support to the COGOP to upgrade buildings to use energy efficient resources for heating and lighting including the installation of insulation. FIAFFA will continue to support to the King Solomon International Business School to deliver its vision and core values and enable sludents and staff reach their full potential. RAFFA will continue to create awareness of organ donation using the Lets Talk About It initiative. During 2023124 in collaboration with NHSBT, RAFFA will lead a targeted blood donor campaign that aims to heighten awareness about the critical need for more blood donors from the Black Community. This campaign will specifically engage church and faith leaders, leveraging their influence to amplify Ihe message and encourage greater participation in blood donalion efforts. By partnering with community leaders and organisations. RAFFA seeks to dismantle barriers and misconceptions, ultimately fostering a culture of support for blood donation within the Black Community. Page 7
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Report of the Trustees for the Year Ended 31 March 2024 RAFFA will continue it's leadership role to assist Windrush communities and delivery of the Home Office recommendations. The charity will continue lo work diligently with the Windrush generation, offering crucial support to address the challenges that many still face in proving their right to remain in the UK. Additionally, where individuals who are seeking compensation and are in need of assistance, RAFFA will address these concerns by responding to queries regarding eligibility and providing support for successful compensation claims. RAFFA will continue lo work with NHS England to promote healthy living initiatives. RAFFA will continue to work with healthcare professionals to engage with the community on a range of health issues affecting them, on a weekly basis. The charity will concentrate on raising awareness about blood pressure and arterial fibrillation levels, as part of the health checks offered to the community by trained community Ambassadors. RAFFA will develop its volunleer program to offer a valuable platform for young people to access a wide range of opportunities, including gaining work experience across multiple organisalions.Participants can attend career events, access role models and organisalions, and receive training and apprenticeship opportunities. Through this program, RAFFA is actively contributing to the professional development and empowermenl of young individuals by providing them with the tools and support necessary to embark on their career journeys. STRUCTURE, GOVERNANCE AND MANAGEMENT GovernSng document The charity is a company limited by guarantee governed by its Memorandum and Articles of Association dated 18 August 2006 and amended to reflect the change in name on 14 February 2008. 11 is a registered charity with the Charity Commission, registered on 5 March 2008. The Church of God of Prophecy, the "Church" is a member of the charily and membership lo the charity is open to anyone or any organisalion inleresled in the work of the charity and residing in the Area of Benefit. which is considered to be worldwide. There are currently eleven members of the charity. The governing document requires the Church to have a majority of the total membership. R•crultment and appointment of new trustèes According to the Articles of Association, the Board of Directors who are also the Trustees of the charity, will have membership of no less than six and a maximum of fifteen members. At each Annual General Meeting a third of the trustees shall relire by rotation with Ihe longest serving member reliring first and an outgoing member can be reappointed, if helshe is willing to continue unless the Board decide collectively not to fill in the vacancy crealed by the retiring board member. A person may be appointed to the Board provided helshe has attained the age of 18 years and is also a member of the charity and should be eligible to serve as an office holder in accordance with the provisions of Charities Act 2006. The Board is currenlly reviewing the number of Trustees that is required to service the charily and will be recruiting new Truslees in the forthcoming year or amending the Articles of Association to reflect the current level of Board membership. Page 8
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Report of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure At the request of at least three Board members, a meeting of the Board is held. All decisions are based on the majority of the Board attending and voting. The quorum for the Board is the lower of minimum of half of the members of the Board orfour Board members. The Board meets regularly to deal wilh operational and financial developments of the charity. The Board has established a Financial Advisory Group which reports lo the Board on financial matters and a Health Advisory Group that reports to the Board on Health-related projects. Trustees of the Board are assigned lo these groups and some also have responsibilities in respect of marketing and communications, fundraising, adminislralion and commercial contracts. Inductlon and tralning of new trustees New Trustees undergo an orientation day to brieflhem on their legal obligations under the charity and company law, the content of the Memorandum and Articles of Association, the decision-making process, the recent financial performance of the charity, the recent developments and the future plans. During the induction day they meet key officers, stakeholders and other Trustees. Trustees are encouraged to attend external training events relevant to develop their skills and gain experience relevant to their roles and responsibilities. Envlronment Policy The Trustees remain fully committed to a practical and costweffective approach to safeguarding the environment. Priority is given to conserve and make efficient use of energy and the recycling of waste. Health and Safety Policy It is the Charily's policy to provide adequate control of the health and safety risks associated with it's activities. to consult with all involved on health and safely matlers, to provide information including suitable training and to maintain a safe and healthy working environment. Risk Management The Trustees have given consideration to the major risks lo which the Charity is exposed and satisfied themselves that systems or procedures are established in order to manage those risks. The Trustees acknowledge their responsibility to manage risk associated with the Charity's aclivities and during the year have considered the major risks that may have a probable or highly probable likelihood of occurring. The areas of consideration included governance, operations, finances, environmental or external factors and the Charity's compliance wilh the law and regulations. The Trustees identify risk using various processes including risk assessments. The identified risk is recorded and internal controls identified to manage the risk. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05976094 (England and Wales) Reglstered Charlty number 1123089 Registered offlce 6 Beacon Court Birmingham Road Great Barr Birmingham West Midlands B43 6NN Page 9
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Report of the Trustees for the Year Ended 31 March 2024 Trustees Bishop W R Powell OBE Bishop M A Wilson Bishop L F Graham Bishop B K Richards Mrs M Coke Bishop R Veira Bishop T M Powell Mrs M Douglas Mrs S Graham M Laing J Laing Company Secretary Bishop B K Richards Independent Examlner Jassal and Company Chartered Accountants and Registered Audilors Unit 2 Hatherton Court 21 Halherton Street Walsall West Midlands WS4 2LA Bankers National Westminster Bank PIC Wolverhampton WV1 1TR COMMENCEMENT OF ACTIVITIES The charily was incorporated on 24 October 2006 as a company limited by guarantee and was registered with the Charity Commission on 5 March 2008. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on and signed on its behalf by- Bishop W R Powell OBE - Trustee P8ge 10
Independent Examiner's Report to the Trustees of RAFFA International Development Agency Independent examinerfs report to the trustees of RAFFA International Development Agency ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basls of report As the charity's trustees of the Company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statemont I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of Section 396 of Ihe 2006 Act other than any requirement that the accounls give a true and fair view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with Ihe methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounls in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021). 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 lo be reached. Mr Rajinder Jassal FCA The Inslitute of Chartered Accountants in England and Wales Jassal and Company Chartered Accountants and Registered Auditors Unit 2 Hatherton Court 21 Hatherton Street Walsall West Midlands WS4 2LA Page11
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Statement of Financlal Actlvltles for the Year Ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 5,047 69,332 74,379 28.917 Investment income 124 124 47 Total 5,171 69,332 74,503 28,964 EXPENDITURE ON Raising funds 400 400 Charltable actlvltles Providing support lo internalional projects Providing support to community development projects 3,000 3,000 13,669 57,519 71,188 41,570 Other 1,487 1,487 1,878 Total 57,519 76,075 43,448 NET INCOMEI{EXPENDITURE) (13,385) 11,813 {1,572) {14,484) RECONCILIATION OF FUNDS Total funds brought forward 3.253 6,384 9,637 24,121 TOTAL FUNDS CARRIED FORWARD 10,132) 18,197 8,065 9,637 The notes form part of these financial statements Page 12
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Balance Sheet 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund funds Notes FIXED ASSETS Tangible assets 546 546 1,092 CURRENT ASSETS Deblors Cash at bank 5,825 6,540 5,825 7,437 897 9,984 897 12,365 13,362 9,984 CREDITORS Amounts falling due within one year 10 (5,743> (5,743) (1.439) NET CURRENT ASSETSIILIABILITIES) 4,846) 12,365 7.519 8.545 TOTAL ASSETS LESS CURRENT LIABILITIES {4,300) 12,365 8,065 9,637 NET ASSETS 12,365 8,065 9,637 FUNDS Unrestricted funds Restricted funds (10,132) 18,197 3,253 6,384 TOTAL FUNDS 8,065 9,637 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial slalements for the year ended 31 March 2024 in accordance wilh Section 476 of Ihe Companies Act 2006. The trustees acknowledge their responsibilities for (a> ensuring that the charitable company keeps accounting records that Comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at Ihe end of each financial year and of ils surplus or deficit for each financial year in accordance wilh the requirements of Sections 394 and 395 and which otherwise comply with the requirements of Ihe Companies Act 2006 relating to financial slatements, so far as applicable to the charitable company. (b) The notes form part of these financial statements Page 13 continued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Balance Sheet - continuad 31 March 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on /. I0¥........ and were signed on its behalf by.. Bishop W R Powell OBE - Trustee The noles form part of these financial statements Page 14
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparin9 their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) {effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard 8pplicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. These financial statements are prepared in Sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. Income All income is recognised in Ihe Statement of Financial Activilies once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlturo Liabilities are recognised as expenditure as soon as Ihere is a legal or constructive obligation committing Ihe charity to that expenditure, il is probable that a transfer of economic benefits will be required in settlement and Ihe amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the calegory. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Raising funds Cost of generating funds are those costs incurred in altracting voluntary income, and those incurred in trading activities that raise funds. Governance costs Governance cosls include those incurred in the governance of the charity and its assets and are primarily associated with constilutional and statutory requirements. Tanglble flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its esiimated useful life. Fixtures and fittings Computer equipment 33 % on cost At each reporting period end date, the charity reviews the carrying amounts of its tangible assets lo determine whether there is any indication thal those assets have suffered an impairment loss. Any impairment loss arising is charged to the Statement of Financial Activities in Ihe year to which it relates. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricled purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Page 15 conlinued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - contlnued Fund accounting Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charilable company operates a defined contribution pension scheme. Contribulions payable to the charitable company's pension scheme are charged lo the Statement of Financial Activities in the period to which they relate. Flnancial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 10210 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 sel 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. Basic financlal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at the transaction price including transaction Costs and are subsequently carried al amortised cost using the effective interest melhod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classlflcation of financlal Ilabilitie8 Financial liabilities and equity instruments are classrfied according lo the substance of the contractual 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. Baslc financlal Ilablllties Basic financial liabilities. including creditors, loans and are initially recognised at the transaction price unless the arrangement conslilutes a financing Iransaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for good5 or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If nol, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method. Going concern At the time of approving the financial statements, the trustees have a reasonable expectation thal the charity has adequate resources to continue in operational existence for the foreseeable future. The validity of this assumption is on the basis that the charity will conlinue to be supported by The Church of God of Prophecy and the congregation. Thus the trustees continue lo adopt the going concern basis of accounting in preparing the financial stalements. Page 16 continued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements - continued for the Year Ended 31 March 2024 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY n the application of the charity's accounting policies, the trustees are required to make judgements, eslimates, and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision or future periods where the revision affects both current and future periods. INVESTMENT INCOME 2024 2023 Deposit account interest 124 47 NET INCOMEI(EXPENDITURE) Net incomellexpenditure) is staled after chargingl{crediting)- 2024 2023 Depreciation - owned assets 546 547 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trust•os' expenses During the year, Mrs S Graham, a trustee was paid £3,000 to cover travel costs to administer a project in Gambia. The travel was undertaken as part of the charitable activities of the charity. There were no other trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS Average number of employees for the year 3 (2023 - 2> Page17 continued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements - contbnued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 6,042 22,875 28,917 Investment income 47 47 Total 6,089 22,875 28,964 EXPENDITURE ON Charitable activilies Providing support to communily development projects 9,574 31,996 41,570 Other 1,878 1,878 Total 11,452 31,996 43,448 NET INCOMEI(EXPENDITURE) Transfers between funds (5,363) 7,790 (9,121) {14,4841 Net movement In funds 2,427 (16,9111 (14,484) RECONCILIATION OF FUNDS Total funds brought forward 826 23,295 24,121 TOTAL FUNDS CARRIED FORWARD 3,253 6,384 9,637 TANGIBLE FIXED ASSETS Fixtures and fittings Computer equipment Totals COST At 1 April 2023 and 31 March 2024 441 3,170 3,611 DEPRECIATION At 1 April 2023 Charge for year 441 2,078 546 2,519 546 Al 31 March 2024 441 2,624 3,065 NET BOOK VALUE At 31 March 2024 546 546 At 31 March 2023 1.092 1.092 Page 18 continued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements - continued for the Year Ended 31 March 2024 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 5,825 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accrued expenses 5,743 1,439 11. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unr•strlct•d funds General fund 3,253 (13,385) (10,132) Restrlcted funds NHS BTCI Windrush CATHIP NHS England Health Mullicultura Limited Home Office Commonwealth Games Legacy Birmingham and Solihull NHSBT Churches Campaign 5,310 (3,000> (2,723) 5,310 2,092 {2,5461 1,115 500 3,054 3,500 4,232 940 5,092 177 1,115 500 3,054 3,500 4,232 940 6,384 11,813 18,197 TOTAL FUNDS 9,637 Page 19 continued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements - continued for the Year Ended 31 March 2024 11. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 5,171 (18,556) (13,385) Restricted funds NHS BTCI Windrush CATHIP Multicultura Limited Home Office Commonwealth Games Legacy Birmingham and Solihull NHSBT Churches Campaign 15,000 (9,690) (3,000) (17,723) 5,310 (3,0001 (2,723) 500 3,054 3,500 4,232 940 15,000 500 7,332 3,500 22,000 6,000 (4,278) (17,768) 69,332 57,519) 11,813 TOTAL FUNDS 74,503 76,075) 1,572) Comparatlves for movement in funds Net movement in funds Transfers beeen funds At 31.3.23 At 1.4.22 Unrestrlcted fund8 General fund 826 (5,363) 7,790 3,253 Restrlcted funds Windrush CATHIP NHSBT Community Engagement Leadership NHSBT Communily Investment Lead NHS England Health Celebrating Communities 15,395 3,694 (3,900) 12,817) (6.403) (700) 5,092 177 3,164 392 650 {1 ,995) {392) 465 (1,169) 1,115 482 23.295 9,121) 7,790 6,384 TOTAL FUNDS 24,121 14 484) 9,637 Page 20 continued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements - continued for the Year Ended 31 March 2024 11. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 6,089 (11,452) (5,363> Restricted funds Windrush CATHIP NHSBT Community Engagement Leadership NHSBT Community Investment Lead NHS England Health Celebrating Communities (3,900> {7,817) (3,900) (2,817) 5,000 (1 ,995) {392) (9,485) (1,995) (3921 465 9,950 7,925 22,875 31,996) 9,121 TOTAL FUNDS 28,964 43,448) 14,484) A current year 12 months and prior year 12 months combined position is as follows: Nel movement in funds Transfers between funds Al 31.3.24 At 1.4.22 Unrestrlcted funds General fund 826 (18,748) 7,790 {10,132) Restrlcted funds NHS BTCI Windrush CATHIP NHSBT Community Engagement Leadership NHSBT Community Investment Lea(f NHS England Health Multicultura Limited Celebrating Communities Home Office Commonwealth Games Legacy Birmingham and Solihull NHSBT Churches Campaign 5,310 {6,900) (5,540) 5,310 2,092 {2,546) 15,395 3,694 (6,403) (700) 3,164 392 650 (1 ,995) (392) 465 500 (482> 3,054 3,500 4,232 940 {1,169) 1,115 500 482 3,054 3.500 4,232 940 23,295 2,692 7,790 18,197 TOTAL FUNDS 24,121 {16,056} 8,065 Page 21 conlinued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements - continued for the Year Ended 31 March 2024 11. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 11,260 (30,008) (18,748) Restricted funds NHS BTCI Windrush CATHIP NHSBT Community Engagement Leadership NHSBT Community Investment Lead NHS England Health Multicultura Limited Celebrating Communities Home Office Commonwealth Games Legacy Birmingham and Solihull NHSBT Churches Campaign 15,000 (9,690) (6,900) (25,540) 5,310 (6,900) (5,540) 20,000 (1,995) (392) (9,485) (1,995) {3921 465 500 (482) 3,054 3,500 4,232 940 9,950 500 7.925 7,332 3,500 22,000 {8,407) (4,278) (17,768) 92,207 89515) TOTAL FUNDS 103,467 (119,523) 16,056) 12. RELATED PARTY DISCLOSURES The Iruslees noted on page 10 are all considered to be related parties. There were no transactions outside of normal charitable activities that require to be disclosed for the current or previous year. 13. ULTIMATE CONTROLLING PARTY The Church of God of Prophecy Trust (The "Church"), registered charity in England and Wales, registration number 287868 is entilled to 510/0 representation of the total membership of the charity. The charity regards the Church as its Ultimate Controlling Party by virtue of control exercised on the charity. Page 22