REGISTERED COMPANY NUMBER: 05976094 (England and Wales) REGISTERED CHARITY NUMBER: 1123089 Report of the Trustees and Financlal Statements for the Year Ended 31 March 2025 for RAFFA INTERNATIONAL DEVELOPMENT AGENCY Jassal and Company Chartered Accountants and Registered Auditors Unil 2 Hatherton Court 21 Halherton Street Walsall West Midlands WS4 2LA
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees 1 to 9 Independent Examlnorfs Report 10 Statement of Flnanclal Actlvitles Balance Sheet 12 to 13 Notes to the Financlal Ststements 14 10 21
RAFFA INTERNATIONAL DEVELOPMENT AGENCY (REGISTERED NUMBER: 05976094) Report of the Trustees for the Year Ended 31 March 2025 The trustees who are also directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for Ihe year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Ch8rilies.' Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and alms RAFFA (Renewal, Advancement, Financial Freedom, Autonomy) is an Intemalional Development Agency which was launched by the Church of God of Prophecy UK in association with the Church of God of Prophecy Africa, al the House of Lords in November 2006. The mission of RAFFA aims to promote community development and redu povety by encouraging enterprise and increased productivity amongst individuals. To help develop social action Ihrough economic and environmental engagements, helping the poor and deprived to make a positive difference for the common good. The RAFFA system is a Di8spora-led model (aligned with the Suslainable Development Goals), which brings together local, regional and national stakeholders to embrace the challenges and opportunities associated with the inlegrats'on of local and International Development Co-operation. RAFFA is dedicated lo fostering community development, allevialing povety. and enhancing enterprise and productivity among individuals. Our mission emphasises social action driven by economic and environmental engagement, empowering the marginalised and underprivileged to make a meaningful impact for the collective good. As we reflect on our activities over the past year, we are proud to highlight the contributions of our dedicated volunteers. generous donors, and committed team members as we celebrate 18 years of impacttul service. RAFFA continues lo provide essential early-stage support through technical assistance and program development aimed al individuals, communities, and churches. Our approaches are aligned with a diaspora-led model that reinforces the United Nations Sustainable Development Goals, ensuring that our initiatives are relevant and effective in tackling global challenges RAFFA partners wilh organisalions to embrace the challenges of Lifelong Leaming, Community Development, Social Enterprise and Co-operatives and Chaplaincy Services. RAFFA is celebrating 18 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 to 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 demonstraled Leadership and Community Management lo inspire and empower individuals and organisations throughout the UK and made an impact in Africa, North America and the Caribbean. Throughoul our 18th Anniversary year, we will continue to facilitate Diaspora-led projects and assist with fundraising. RAFFA continues to support young people and Ihe comerstone of our efforts is the 'Power of Evangelism" programme, now in its third year. This initialive focuses on empowering young people by addressing critical aspects of identity, leadership, and evangelism. This year, we have supported over 30 emerging leaders through weekend empowemient events. Furthemiore, as a partner of the Reach Society, we have successfully facilitated employability and career events that have positively impacted more than 1.600 young people across the nation. Page 1
RAFFA INTERNATIONAL DEVELOPMENT AGENCY {REGISTERED NUMBER: 05976094) Report of the Trustees for the Year Ended 31 March 2025 RAFFA recognises the importance of empowering women through initiatives like the Game Changer programme. Our active engagement in various women's conferences has provided a plafform for discussions on issues impacting women today. This year, we participated in 27 events. reaching over 580 women, fostering dialogue, sharing experiences. and facilitating the transfer of knowledge. RAFFA will support the 2025 Employability Conference hosted by Reach Society by providing mentors for the various conferences across the country. RAFFA acts as a facilitator by providing local, national and intemational 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 costs of living, through better health campaigns and providing a voice that is facilitating change. Slgnlflcanl actlvitiei Joinl Working Priorities During the year RAFFA has conts'nued to review ils operational goals and as well as the objectives outlined above the trustees have emphasised the Importan 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 We have made strides in supporting the InfStrUctUre of COGOPS counselling services, providing critical resources and training to enhance their capabilities. This initiative lays the foundation for sustainable community support. Priority 2.. Health and Well-being Our commitment to health and well-being has been exemplified through conducting health checks, organising diabetes talks, and promoling general health education. These initiatives have significantly contributed to improving the overall health literacy of the communities we serve. RAFFA has achieved extraordinary sucess with the Caribbean and African Targeted Health Improvement Programme, a remarkable collaboration with the Caribbean and African Health Network and four other esteemed organisations. The benefits of the Caribbean and African Targeted Health Improvement Programme have been manifold: 1. Increased Health Literacy.. Attendees gained a deeper understanding of various health issues and the strategies to manage them effectively. 2. Empowemient.. 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 leaming, this programme has strengthened community ties, promoting colleclive health resilience. 4. Sustained Impact.. Now Iransitioning from a pilot to an ongoing initialive, the programme ensures continuous support and education for our communities. The overwhelming participalion and positive feedback underscore the profound impact of this initiative. RAFFA is proud to be at the forefront of this transformative health joumey, advocating for a future where preventalive care and education are paramount. Page 2
RAFFA INTERNATIONAL DEVELOPMENT AGENCY (REGISTERED NUMBER: 05976094) Report of the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTMTIES Priority 3.. International Development RAFFA has extended its reach lo various countries, including St. Vincent, Trinidad, Montserrat, Jamaica, Ghana, and Nigefia. We sucSsfUllY shipped clothes, food, and supplies to those in need, and we are planning a comprehensive mapping exercise to capture the vital contributions of individual COGOP churches in the UK. Our collaboration with Compassion UK has nolably increased support, with 185 children now benefiting from the support of COGOP UK churches, a commendable 200/0 rise. RAFFA played a pivotal role in sponsoring the Big Caribbean Lunch, an evenl that brought together over 100 members of the Windrush generation and their descendants. Featured on national news and various local newspapers, the event saw hundreds of family members and local residents congregate in Windrush Square. RAFFA successfully gathered support from Grace Foods UK and utilised this platfomi to invite NHS Blood and Transplant INHSBT) to collaborate, aiming to attract new blood donors following the opening of the new Donor Centre in Brixton. Earfier in the year, we coordinated efforts that resulted in six members of one family attending donor centres in both London and Birmingham on the same day, further raising awareness about the importance of blood donation campaigns. RAFFA, in collaboration with the US Charitable Trust, inilialed meetings to explore support for Tutume-mcconnell College in Botswana. established 52 years ago by Serena Balfour. Our commitment to intemational developmenl extends to Jamaica, where we continued our collaboration with Angelia Christian of the Angel Foundation. RAFFA donated fumiture and essential equipment, including desks, chairs, and computers, to Portmore Primary School. We proudly attended the handover ceremony of the IT Suite on 17th September 2024, in Greater Portmore, where the Minister of Education and other dignitaries were present. Priority 4: Leadership and Community Management RAFFA CEO Angela Clarke BEM was honoured as a Fellow of the Reach Society for her outstanding contributions as a mentor and leader, particularly in her work with young people. Recognition for our leadership efforts continues to grow Priority 5.. Learning and Skills RAFFA continues to make significant advancements in technical skills developmenl by securing funding for digital and technical skills training across churches. The two-year project, created and led by COGOP'S Nation81 Youth Director, aims lo enhance digitsl literacy and engagement. The ConnectFaith project, spearheaded by Rachel McKoy, will empower over 60 churches to amplify their digitsl presence and improve community outreach via social media and online platfomis. Priority 6: Volunteering for Social Action RAFFA'S impact has been significantly bolstered by the active involvement of volunteers. This year, we engaged over 30 volunteers, contributing more than 5,000 hours of Servi lo various projects across the communilies we serve. Our volunteer pro9mmeS have focused on building capacity within local organisations, conducting training workshops. and organising community events that promote social cohesion and empowerment. RAFFA implemented a series of training sessions aimed at enhancing the effectiveness of our volunleers. equipping them with essential skills in community engagement, project management, and health education. These workshops nol only foster personal development but also ensure that our volunteers can provide high-quality support to the communities we serve. Page 3
RAFFA INTERNATIONAL DEVELOPMENT AGENCY (REGISTERED NUMBER: 05976094) Report of the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES RAFFA will launch a new recognition programme that will acknowledge the outstanding contributions and dedication of our volunteers. This initiative will Culminate in a Volunteer AppreGialion Event that will be held in June 2025, where we celebrate the efforts of individuals who go above and beyond in their service. Awards will be presented in various categories, highlighting achievements in leadership, innovation. and community impact. 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 lasling legacy in the following spheres of society.. Faith Communities Family Education Govemment Business Media Arts & Enlertainment RAFFA continues with its ctrordination activities to donale medical equipment 8nd devices to support Diaspora individuals and charities who are linked to their High Commissions, Hospitals and Health Centres. Priority 7.. Youth RAFFA is enabling young people to shape posilive change in their local communities by becoming role models lo inspire others. developing their skills to deal wilh money, mental health, employment and in areas ere 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. The Power of Evangelism initiative has proven to be a vital platfomi for young people to grow in their failh. explore their identity, and develop their leadership capacities. RAFFA continues to encourage young people to get involved in social action activities to enable them to make a positive dIffenCe to others in their community or the environment. Young people are encouraged to look al the various ways in which they can take practical action to make a positive difference in a range of contexts l)olh fomially and informally. These include volunteering, fund-raising, campaigning, or supporting peers. During this year the charity inGreased it's support programmes by successfully bidding for and receiving grant funding from a range of sources. Public beneflt The Tnjstees 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 their objectives of working together to achieve integrated and empowered communities and the seven priorities set out in this Trustees report are for the public benefit. Grantmaking During the year the charity provided aid in kind including technical a5SiStance and programme development to individuals, educational and charitable organisalions. The activity undertaken by these charitable institutions reflect the objectives of the Charity. Page 4
RAFFA INTERNATIONAL DEVELOPMENT AGENCY (REGISTERED NUMBER: 05976094) Report of the Trustees for the Year Ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE Charitable activities FiAFFA has supported various churches wlh their Social Action event days. RAFFA has supported Reach Society with their Careers Conference and will continue to do so in 2025. RAFFA continued to work with COGOP and other churches wilhin the community to provide loneliness and bereavement support initiatives and assisted with signposting of support neOrkS where people can access support. RAFFA continued wilh ils collaboration with the COGOP National Women's Leader to develop programmes that engage and empower women from the community as well as those within the church environment. RAFFA supported families affected by Windrush and provided leadership and engagement with the Home Office. RAFFA provided support to Reach Society for their 13th Careers Conference and promoted the importance of Social Acts'on. RAFFA has supported the Careers Conference each year since it's inception in 2011. RAFFA has successfully bid for funding to support it's charitable activities including providin9 leadership in community engagement, f8cilitating community investmenl, blood donation. organ transplant and health promotion. RAFFA has continued to collaborate with four other organisalions in The Caribbean and African Targeted Health Improvement Programme (CATHIP). Together they have organised weekly online Health Hour Programmes, held every Saturday moming, to address diverse health topics. These programmes continue to 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 actlvltles 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 Blood and Transplant lo promote community well-being, from The Caribbean and African Targeted Health Improvement Programme to bring together health care professionals to infomi the community through a weekly programme about heallh issues such as respiratory disease. mental and emotional health, reproductive and sexual health, cardiovascular, blood and cancer disease. RAFFA has received funding from Ihe Home Office to 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 Principal funding sources The income generated from voluntary donations was £4,910 {2024.. £5,047} and from grants received was £33,24912024.' £69,332), a total of £38,159 {2024: £74.379), a decrease of £36,220. There was a net surplus of £137 (2024.. £1.572 deficit). The balance sheet shows fixed assets of £nil {2024.. £5461. Net current assets amounted to £8,202 12024.. £7,519) and total funds carried forward were £8,202 (2024. £8,C65). Page 5
RAFFA INTERNATIONAL DEVELOPMENT AGENCY (REGISTERED NUMBER: 05976094) Report of the Trustees for the Year Ended 31 March 2025 FINANCIAL REVIEW Reserves policy The trustees are considering the level of reseNes that the charity will need lo make il self sustsining. Currently, the charity is being supported by Ihe 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 charity delivers charitable projects on behalf of the Church using RAFFA'S social action expertise and inlemational connections. Funds in surplus There was net surplus of £8.20212024.'£8,065 Sufplus) for the year ended 31 March 2025. The charity has a partnership and support arrangement with the Church of God of Prophecy which allows both organisations to draw upon their respeclive expertise to manage the funds for Ihe benefit of the public. The Board considers that the charity will continue with its operations for the foreseeable future and with the continued support of the Church of God of Prophecy. The charity will continue with its efforts to raise funds independently from the Church of God of Prophecy bul will continue to rely on the support of the Church, it's congregation and the intemalional connections it has ¢ated. FUTURE PLANS The charity will continue with ils fundraising efforts and the delivery of various projects in the Area of Benefit over the forthcoming year. RAFFA will aim to expand our digital literacy initiatives. especially among underserved populatsons. This includes the development of new online resources and partnerships with tech companies to provide training and access to technology. RAFFA will pursue strengthened collaborations with local government agencies to align our projects with community development plans and facilitsle better resource allocation for our initiatives. RAFFA will continue to align with the United Nations Sustainable Development Goals that will guide our future programmes, ensuring that our efforts contribute to global priorities such as reducing povety, quality education, and suslainable communities. RAFFA will continue lo recognise the urgent need for climate action, we will integrate environmental sustainability into our programme while fostering awareness and initl8tives that promote resilience in local Communities. 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 Gollaborale 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 knoedge about supporting women wth 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) stsnds as a significant initiative that has seen RAFFA collaborate with four other organisalions to promote weekly online Health Hour Programmes, held every Saturday moming, to address diverse health topics. Page 6
RAFFA INTERNATIONAL DEVELOPMENT AGENCY (REGISTERED NUMBER: 05976094) Report of the Trustees for the Year Ended 31 March 2025 RAFFA will continue il's work to facilitate the procuremenl of resources for communities in the UK and overseas. RAFFA will continue it's leadership role to assist Windmsh communities and delivery of Ihe Home Office recommendations. The charity will continue to work diligently with Ihe Windrush generation, offering crucial support lo 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 assistan, RAFFA will address these concerns by responding to queries regarding eligibility and providing support for successful compensation claims. FiAFFA will continue lo 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. FIAFFA will develop ils volunteer program lo offer a valuable platfonn for young people lo acces5 a wide range of opr)ortunities, 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, FIAFFA is aclively contributing to the professional development and empowemient of young indiwduals by providing them with the tools and support necessary lo embark on their careerjourneys. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is a company limited by guarantee govemed by its Memorandum and Articles of Association daled 18 August 2006 and amended lo reflect the change in name on 14 February 2008. It is a registered charity wlh the Charity Commission, gIStered on 5 March 2008. The Church of God of Prophecy, the "Church", is a member of the charity and membership to the charity is open to anyone or any organisation interested 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 goveming document requires the Church to have a majority of the total membership. Recrultment and appointment of new trustogs 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 . Al each Annual General Meeting a third of the trustees shall retire by rotalion with the 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 member of the charity and should be eligible to serve as an office holder in accordan with the provisions of Charities Act 2006. The Board is currently reviewing th8 number of Trustees that is required to service the charity and will be recruiting new Trustees in the forthcoming year or amending the Articles of Association to reflect the current level of Board membership. Page 7
RAFFA INTERNATIONAL DEVELOPMENT AGENCY (REGISTERED NUMBER: 05976094) Report of the Trustees for the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure At the request of al least three Board members, a meeting of the Board is held. All decisions are based on Ihe 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 or four Board members. The Board meets regularly to deal with operational and financial developments of the charity. The Board has established a Financial Advisory Group which reports to 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 to these groups and some also have responsibilities in respect of marketing and communications, fundraising. administrats'on and commercial contracts. Induction and tralnlng of new trustees New Trustees undergo an orienlalion day to brief them on their legal obligations under the ¢hanty and company law, the content of the Memorandum and Articles of Association. Ihe decision making process, th8 recenl financial performance of the charity, the recent developments and the future plans. During the induction day they meel key officers, stakeholders and other Trustees. Trustees are encouraged lo attend external training events relevant to develop their skills and gain experience relevant to their roles and responsibilities. Envlronment Pollcy The Trustees remain fully committed to a practical and costoffective approach to safeguarding the environment. Priority is given to conserve and make efficient use of energy and the recycling of waste. Health and Safety Pollcy It is the Charity's policy to provide adequate control of the h8alth and safety risks associated with it's activities, lo consult with all involved on heallh and safety matters, to provide information including suitable training and to maintain a safe and healthy working environmenl. Rlsk Managoment The Trustees have given consideration to the major risks to 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 activilies 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 govemance, operatsons, finances, environmental or external factors and the Charity's compliance with the law and regulations. The Twstees 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 Charfty number 1123089 Reglstered offica 6 Beacon Court Bimiingham Road Great Barr Birmingham West Midlands B43 6NN Page 8
RAFFA INTERNATIONAL DEVELOPMENT AGENCY (REGISTERED NUMBER." 05976094) Report of the Trustees for the Year Ended 31 March 2025 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 Examlnor Jassal and Company Chartered Accounlants and Registered Auditors Unit 2 Halherton Court 21 Halherton Street Walsall West Midlands WS4 2LA Bankers National Westminster Bank PIC Wolverhampton WV1 1TR COMMENCEMENT OF ACTIVITIES The ¢hanty 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 accordan 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 . r? 1 0<££<77b. a, ?4". and signed on its behalf by: Bishop W R Powell OBE - Trustee Page 9
Independent Examinorfs Report to the Trustees of RAFFA International Development Agency Independent examlner's report to the trustees of RAFFA International Development Agency (Ihe Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibllities and basis of report As the Charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with Ihe reouiremenls of the Companies Act 2006 ('the 2006 Act'}. Having satisfied myself th81 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 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 1495) (b} of the 2011 Act. Independent examiner's statement I have completed my examination. I confimi 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 reqUId by Section 386 of the 2006 the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a Irue 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 the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)}. I have no concems and have come across no other matters in connection with the examination to which attenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Rajinder Jassal FCA The Inslilute of Chartered Accountants in England and Wales Jassal and Company Chartered Accountants and Registered Auditors Unil 2 Hatherton Court 21 Hatherton Street Walsall West Midlands WS4 2L4 Date.. .O.<£¢.m&</... a,. Page 10
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Statement of Financial Activities for the Year Ended 31 March 2025 2025 Totsl funds 2024 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 13,130 25,029 38,159 74,379 Investment income 98 124 Total 13,228 25,029 38,257 74,503 EXPENDITURE ON Raising funds 324 324 400 Charitable actlvities Providing support lo intemational projects Providing support to community development projects 3,000 12,899 22,418 35.317 71,188 Other 2.479 2,479 1,487 Total 15,702 22.418 38,120 76,075 NET INCOMEI{EXPENDITURE) Transfers between funds (2,474) 13,280 2,611 (13,280) 137 (1,572) Net movement In funds 10,806 (10,669) 137 (1,572) RECONCILIATION OF FUNDS Total funds brought forward 110,132) 18,197 8,065 9,637 TOTAL FUNDS CARRIED FORWARD 674 7,528 8,202 8,065 The notes form part of these financial statements Page11
RAFFA INTERNATIONAL DEVELOPMENT AGENCY (REGISTERED NUMBER: 05976094) Balance Sheet 31 March 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 546 CURRENT ASSETS Debtors Cash al bank 3,400 16,038 7,528 10,928 16,038 5,825 27,763 19,438 7,528 28,966 33.588 CREDITORS Amounts falling due within one year 10 (18,764) (18,764) {26,069) NET CURRENT ASSETS 674 7.528 8,202 7,519 TOTAL ASSETS LESS CURRENT LIABILITIES 674 7.528 8.202 8,065 NET ASSETS 674 7,528 8,202 8,085 FUNDS Unrestricted funds Restricted funds 674 7.528 110,132) 18,197 TOTAL FUNDS 8,202 8.065 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the 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 the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirement5 of the Companies Act 2006 relating to financial ststements. so far as applicable to Ihe charitable company. (b) The noles form part of these financial statements Page 12 continued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY (REGISTERED NUMBER: 05976094) Balance Sheet- continued 31 March 2025 These financial statements have been prepared in accordance wilh the provisions applicable to charitable companies subjecl to the small companies regime. The financial sla ements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. Bishop W R Powell OBE - Trustee The notes form part of these financial statements Page 13
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements for the Year Ended 31 March 2025 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 Chanties SORP (FRS 1021 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been ppared under the historical cost convention. These financial stslements are prepared in Steding, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearesl £. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendituro Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, il is probable that a transfer of economic benefits will be required in settlernenl and Ihe amount of the obligation can be rneasud reliably. Expenditure is accounted for on an accruals basis and has been classified under headings Ihal agggate all cost related lo the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis Consistent with the use of resources. Ralslng funds Cost of generating funds are those costs incurred in attracting voluntary income. and those incurred in trading activities that raise funds. Governance costs Govemance costs include those incurred in the govemance of the charity and its assets and are primarily associated wth constitutional and statutory requirements. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings Computer equipment 250/0 on cost 33 % on cost At each reporting period end dale, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assels have suffered an impaimient loss. Any impairment loss arising is charged to the Statement of Financial Activities in the year to which il relates. Taxation The charity is exempt from corporation lax on ils Charitable activities. Fund accounting Unrestricted funds Can be used in accordance with the charitable obltIveS al the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Page 14 continued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements - continued for the Year Ended 31 March 2025 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-relirement benefits The charitable company operales a defined contribution pension schefne. Contributions payable to the Chantable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Financlal Instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Inslruments Issues, of FRS 102 to all of its financial instrumenls. 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. Baslc financial 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 amortiS8d cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaclion is measured al the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable wlhin one year are not amortised. Cla8slfl¢atlon of financial Ilabllilies Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract Ihal evidences a residual interest in the assets of the charity after deducting all of its liabilities. Basic financial liabilities Basic financial liabilitses, including creditors. loans and are ini11811y recognised at the transaction price unless the arrangement constitutes a financing transaction, where Ihe debt instrument is measured at Ihe present value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised, Trade creditors are obligations to pay for goods 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 not, they are presented as non-current liabilities. Trade creditors are initially recognised al transaction price and subsequently measured at amortised cosl using the effective interest method. Going concern Al the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequale fesources to continue in operational exislence for the foreseeable future. The validity of this assumption is on the basis that the charity will continue to be supported by The Church of God of Prophecy and the congregation. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. Page 15 continued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements - continued for the Year Ended 31 March 2025 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the charity's accounting policies, the trustees are required lo make judgements, eslimales, and assumptions about the carrying amounl 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 eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates a recognised in the period in which the estimate is revised where Ihe 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 2025 2024 D8POSit account interest 98 124 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting)'. 2025 2024 Depreciation - owned assets 546 TRUSTEES, REMUNERATION AND BENEFITS There were no truslees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no truslees, expenses paid for the year ended 31 March 2025 nor for Ihe year ended 31 March 2024. STAFF COSTS Avepge number of employees for the year 312023 - 2) COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 5,047 69,332 74,379 Investment income 124 124 Total 5,171 69,332 74,503 EXPENDITURE ON Raising funds 400 400 Page 16 continued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements - continued for the Year Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unreslricled Restricted funds funds Total funds Charitable actlvltles Providing support to intemational projects Providing support to community development projects 3,000 3,000 13,669 57,519 71.188 Other 1,487 1,487 Total 18,556 57,519 76,075 NET INCOMEI(EXPENDITUREI {13,385) 11,813 (1,572) RECONCILIATION OF FUNDS Total funds brought forward 3,253 6.384 9,637 TOTAL FUNDS CARRIED FORWARD (10,132) 18,197 8,065 TANGIBLE FIXED ASSETS Fixtures and fittings CompLrter equipment Totals COST At 1 April 2024 and 31 March 2025 441 3,170 3,611 DEPRECIATION At 1 April 2024 Charge for year 441 2,624 546 3,065 546 At 31 March 2025 441 3,170 3,611 NET BOOK VALUE At 31 March 2025 At 31 March 2024 546 546 Page 17 continued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statemenls - continued for the Year Ended 31 March 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors 10,928 5.825 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors Accrued expenses 15,180 3,584 20,326 5,743 18,764 26,069 11. MOVEMENT IN FUNDS Net movement in funds Trdnsfers between funds At 31.3.25 Al 1.4.24 Unrestricted funds General fund Connected Faith - Digital Evangelism {10,1321 12,474) 28,460 115,180) 15,854 (15,1801 (10,132) (2,4741 13.280 674 Restrlcted funds NHS BTCI Windrush CATHIP NHS England Health Multicultura Limited Home Office 5,310 2,092 (2,5461 1,115 500 8.926 (6,7081 (2,0921 9,645 7,528 (7,099) 3.054 3,500 4,232 940 1,159 (4,2131 (3,5001 (3,857) {940) Commonwealth Games Legacy Bimiingham and Solihull NHSBT Churches Campaign (375) 18,197 2,611 (13,280) 7,528 TOTAL FUNDS 8.065 137 8,202 Page 18 continued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements - contlnued for the Year Ended 31 March 2025 11. MOVEMENT IN FUNDS- continued Net movement in funds. included in the above are a5 follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund Connected Faith - Digital Evangelism 8,408 4,820 110.882) (4,820) {2,474) 13,228 (15,702) (2,474) Restrlcted funds NHS BTCI CATHIP Home Office 22,134 1,276 {13,2081 (8,375) 8,926 {7,099) {8351 1,159 1375) Birmingham and Solihull 25,029 (22,418) 2,611 TOTAL FUNDS 38,257 (38,1201 137 Comparatlves for movement in funds Net movement in fvnds At 31.3.24 At 1.4.23 Unrestrictod fund8 General fund 3.253 (13,3851 {10,132) Restricted funds NHS BTCI Windrush CATHIP NHS England Health Multicultura Limited Home Office 5.310 (3,000) (2,723) 5,310 2,092 {2,5461 1,115 500 5,092 177 1,115 500 3,054 3,500 4,232 940 3,054 3,500 4,232 940 Commonwealth Games Legacy Birmingham and Solihull NHSBT Churches Campaign 6,384 11,813 18,197 TOTAL FUNDS 9.637 (1,572) 8,065 Page 19 continued.
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements - continued for the Year Ended 31 March 2025 11. MOVEMENT IN FUNDS- contlnued Comparative 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 15,000 19,690) (3,000} (17,723) 5,310 (3,0001 (2,723) 500 15,000 500 7,332 3,500 22,000 6,000 (4,278) 3,054 3,500 4,232 Commonwealth Games Legacy Bimiingham and Solihull NHSBT Churches Campaign 117.768) (5,060) 69,332 {57,519} 11,813 TOTAL FUNDS 74,503 (76,075) {1,572} A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers beeen funds At 31.3.25 At 1.4.23 Unrostricted funds General fund Connecled Faith - Digital Evangelism 3,253 (15,859) 28,460 115,180) 15,854 115,1801 3,253 (15,859) 13.280 674 Restrlcted funds NHS BTCI Windrush CATHIP NHS England Health Multicullura Limited Home Office 14,236 (3,000) (9,822) (6,7081 (2,0921 9,645 {1,115) {500) 7,528 5.092 177 1,115 500 4.213 3,500 3,857 940 (4,213) (3,500) {3,857) {940} Commonwealth Games Legacy Birmingham and Solihull NHSBT Churches Campaign 6,384 14,424 (13.2801 7,528 TOTAL FUNDS 9.637 (1,435) 8,202 Page 20 continued...
RAFFA INTERNATIONAL DEVELOPMENT AGENCY Notes to the Financial Statements . continued for the Year Ended 31 March 2025 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 Unrestricted funds General fund Connected Faith - Digital Evangelism 13,579 4,820 {29,438) {4,820) 115,859) 18,399 (34,2581 (15,8591 Restricted funds NHS BTCI Windrush CATHIP Multicultura Limited HoTne Office 37.134 (22,898) {3,000} (26,098> 14,236 13,000) 19,822) 500 16,276 500 9,326 3,500 21,625 6,000 {5,113) 4.213 3.500 3,857 Commonwealth Games Legacy Bim)ingham and Solihull NHSBT Churches Campaign (17,7681 (5,0601 94,361 179,937) 14,424 TOTAL FUNDS 112,760 {114,195) {1,435) 12. RELATED PARTY DISCLOSURES The trustees noted on page 9 are all considered to be related parties. There were no transactions outside of normal charitable aclivilies thal 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 entitled lo 51010 representation of the total membership of the charity. The charity regards the Church as its Ultimate Controlling Paty by virtue of control exercised on the charity. Page 21