RECEIVED 2 5 SEP 3024
RwandaAction
RWANDA AcfioN
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Company Re8iStration Number.
06610865
(England and Wales)
Registered Charity Number:
1124634

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
Contents
Company Information
Report of the Trustees
Statement of Trustees, Responsibilities
Independent Examiner's Report
io-ii
Statement of Financial Artivities
12
Statement of Financial Position
13
Notes to the Financial Statements
14-17

ANNUAL REPORT AND UNAUDITED FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
Company Information
Company Registration Number
06610865 (England and Wales)
Reglstered Charity Number
1124634
Trustees
Mrs Deanne Thomas (Chair)
Mr William Gellin8
Dr John Giles (appointed 22 April 20241
Mr Patrick Henchoz (appointed 16 September 2023)
Ms Emma Messias
Mrs Jane O'Brien {appointed 20July 2023}
Mrs Emma Ogilvie
Mr RemyTwirin8iyimana
Mrs Alison Wri8ht
Mrs Deborah Clayton-Hatfield {resigned 21 March 20231
Mr Simon Caffyn (resigned 30 April 2023)
Ms Stephanie Piper (resigned 6 June 2023}
Mr Mark Chamberlen (resigned 12June 2023}
Mr Tim Haynes (resigned 13 June 20231
Key Management Personnel
Ms Janyis Watson (CEO)
Mr David Chaplin {Founderl
Re8FStered Office
Bugsell Fami, Bugsell Lane
Robertsbridge
East Sussex TN32 SEN
Secretary
Mr Charles Ogilvle, ACA
Independent Examiner
Keith M Luck FCA, LLP Partner
Gibbons Mannin8ton & Phipps LLP
24 Landgate
Rye. East Sussex TN317U
Bankers
Barclays Bank pic
New Market Place
Beccles. Suffolk NR34 9HD
l and M Bank (Rwandal Limited
Kamembe
Rusizi
Rwanda

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
Report of the Trustees
The Trustees present their Report along with the Financial Statements of the Charity for the
year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set
out on pages 14 and 15 and comply with the Charty's Articles Of Association, the Charities
Act 2011 and the Statement of Recommended Practice: Accountin8 and Reporting by
Charities 2005.
Structure, Governance and Management
The Charity is a private Company Limtted By Guarantee and was registered at Companies
House under number 06610865 on 4 June 2008. The Charitywa5 registered by the Charity
st
Commission under number 1124634 on 21 June 2(Xi8. The Charity changed its name from
"Rwanda Aid- to -Rwanda Action" on 17 November 2020, in order to better reflect its
objectives and activities.
The Charity is governed by a Memorandum and Articles Of Association, which were last
amended by Special Resolution on 14 December 2019 and are available to be viewed at
Companies House.
The Trustees hold Board Meetings quarterly to review the status and progress of the Charity.
Formal minutes are taken and retained by the Company Secretary.
The number of Trustees permitted by the Articles Of Association shall be not more than
twelve and not less than three. If the numberfalls to three, a fourth shall be appointed. The
existing Trustees appoint new Trustees as and when required. One third {or the number
nearest one thirdl of the Trustees must retire at each AGM in order of appointment. Eligible
Trustees may be re-appointed. A new Trustee would be fully briefed by the Chair and given
relevant documents about the Charity and the responsibilities of Trustees.
The number of Trustees currently on the board is 9. Mrs Deanne Thomas and Mr William
Gelling resigned by rotation at the AGM on 16 September 2023 and were subsequently re-
elected as Trustees.
Mrs Jane O'Brien and Mr Patrick Henchoz were appointed Trustees during the financial year,
and Drjohn Giles was appointed as a Trustee afterthe end of the financial year. Mrs Deborah
Clayton-Hatfield. Mr Simon Caffyn, M5 Stephanie Piper, Mr Mark Chamberlen and Mr Tim
Haynes all resigned as Directors during the financial year.
The Charity is managed by a Chief Executive OfFicer. a Rwandan Country Manager and a
Flnance Director. They report to the Trustees at Board Meetings. The Trustees approve
annual budgets, discuss progress on the ChartWs activities and projects, review expenditure
reports, review bank balances, approve policies and monitorfuture action plans.

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
Report of the Trustees (convd)
Structure, Governano and Management IconYd}
The CEO regularly visits Rwanda and review the delivery of services and budget with the
Rwandan team. The Charity employs a Rwandan Country Director who runs the office there
and oversees the projects. Each project has a Rwandan manager.
Risk Management
The Charlty has assessed risk in the UK and in Rwanda. Trustees are presented with a financial
report at each meetin& showin8 the movement of all funds. The accounts are examined
independently annually. A number of sub-committees of Trustee5 have been established to
review areas of operations in detail, such as Finance and Fundraisin& which meet on a regular
basis and report to the Board. Trustees and managers have public and employment liability
insurance and travel insurance.
A safe8uardin8 policy has been established and a Safeguarding sub-commtttee formed, which
meets quarterly and reports to the Board. In addition, there is a rolling programme of
safeguardingtrainingwithin Rwanda to ensurethat all relevant employees are up to date with
best practice for safeguarding. This training consists of recognised online training courses
supplemented with training bysenior Rwandan staff. In the UK. Trustees participate in an on-
going programme of online safeguardingtraining.
In Rwanda the Charity complies with relevant employment legislation and seeks independent
legal advice when necessary. It has assessed the risks of all its activities and has put
procedures in place to minimise thern. With these procedures and the insurance cover, the
Charity is satisfied that it is operating safely, and its assets are not in jeopardy.
Objectives and Activities
The Objects of the Charity. updated on 14 December 2019 are to relieve poverty in Rwanda,
particularly in thewestern Province.to advance education and to provide relief in thecountry
to those in need by reason of youth. age. ill-health. disability or financial hardship. The Chartty
aims to achieve this by working with the government and local communities in Rwanda to
identify the most pressing challenges and then piloting sustainable initiatives to address those
challenges. In particular the Charity promotes effertive education. vocational and fann
training and enterprise. It also supports inclusivity particularly for those on the margins of
society. especially street children and young people living with disability.

ANNUAL REPORT AND UNAUDITED FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA ACTION
Report of the Trustees (conyd)
Public Benefrt Entity
The Trustees are of the view that Rwanda Action meets the definition of a public benefit
entity. Its primary objective is to provide services for the general public or social benefit and
there is no objective to provide a financial return to members.
Achlevements and Perforniance
2023 saw significant changes to Rwanda Action's personnel in both Rwanda and UK.
Following the departure of the previou5 CEO, Janyis Watson was promoted into this role from
the Operations Director position. This gave us the opportunityto build capacity and increase
the responsibilities of the team in Rwanda, rather than further recruitment in the UK. At the
request of the trustees the CEO produced a three year strategic plan which was given Board
approval in March 2024. Thi5 will help guide the development of each project area, financial
forecasting and ￿ndraiSIng.
Administration
The CEO spent time recrutting and inducting a new Country Director in Rwanda and the
management teams from both countries continue towork closelytogether. following policies
and procedures set out in the Organisational Manual. Policies were revised and approved by
the Board in September. Further training in safeguarding was delivered to staff in Rwanda.
Annual reports, budgets and action plans were submitted to Rwandan authorities and a three
year certlficate of registration was awarded by central government. allowing us to continue
to operate in Rwanda.
Disabili
At the Alivera Centre. 45 children were resident during term time and all the school-age
children with disabilities and learning challenges attended the local mainstream school,
supported by RA staff and RA-trained local teachers. We have worked closely with teaching
staff to overcome some additional challenges faced by children this year, due to changes to
school hours and public examinations.
Parents of children wf(h hearing disabilities attended residential training in sign language each
term as well as disability awareness and safeguarding training. Trainees in residence at the
Alivera Centre receive training in sign language and basic numeracy and literacy, alongside
their chosen profession.

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
Report of the Trustees (cont'd)
Achievements and Performance {conYdl
Disabilit {conYd)
A further three students were supported will senior school requirements at boarding school.
The café and workshops in the Alivera Willage continue to be rented to small enterprises and
we have further developed the farm and the dairy goat project. which will link to our farmer
training programme in communities.
Rwanda Action supports trainees with disabilities to find employment after graduating from
the Village. Throughout 2023 there were 43 trainees in the Willage and eight of those have
graduated and are now in employment.
We continue working with a local doctor to provide health screening for all students and
trainees. This helps to inform both basic heaFthcare and recommendations for additional
medical support. In 2023. there was significantly greater support for the project from local
government, including funding for running costs and the development of an inclusive
education programme in government schools in fifteen sectors.
Enter
Rwanda Action completed the support of ten new enterprise groups set up in 2022 in Kinyaga
and Save and continues to monitor the progress of their businesses. A further five enterprise
groups were set up in Rugabano cell, which gave trainin& equipment and support to a total
of 71 young people who were previously unemployed.
We held an Enterprise networking event for enterprise groups supported by Rwanda Attion
over the past few years. Advice was shared by speakers from government and banks and
representatives of the enterprise groups shared experiences and offered peer support.
Farm Trainin
In 2023, we provided training in keeping livestock and growing crops to fifteen associations
of farmers in Kinyaga, Rugabanoand Save cells. Atotal of 225 farmers were supported beyond
their training with a goat each and materials to build a pen. Each association was also given a
rented plot of land for three years. seeds and basic tools. All these associations are being
monitored and all members report improvements in their standard of living and general
stabiltty.

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
Report of the Trustees (conyd)
Achievements and Performance Icont'dl
Farm Trainin
{conVd)
Rwanda Action supported two community-based tree nurseries, each of which produced
more than 20,OCKI tree seedlings for the benefft of farmers and the wider community. We
also supported five tree nurseries via RDIS (Rural Development Inter-Diocesan Services). With
this support, more than 151,000 seedlings were produced and planted in the communities in
five sectors. The species planted offer many benefrts, including food, shade, protection
against soil erosion, construction materials and soil improvement.
Student S
onsorshi
The population of Nkombo Island in Lake Kivu relies on fishing because land for farming is in
short supply. To improve prospects for young people. some years ago Rwanda Action built
Nkombo TVEf, a centre for technical and vocational education and training. In 2023, we
completed the support of 60 students in the 2022-23 academic year and began support for
further 60 students in the September intake. The students received theoretical and practical
training in one subject {either masonry, tailorin& carpentry. welding or electrics).
In 2023, we recruited new children to our Saturday club and this time we were delighted to
see both boys and girls attending. The club is aimed at children who are considered to be at
risk due to their living conditions. The children benefrt from breakfast and lunch. game5,
dancing and drurnming lessons. support with homework and counselling. We also liaise with
theirfamilies and teachers to ensure the best outcomesforthe children in theircommunities.
The 20 Saturday club members and another 19 students were supported with school fees,
materials and unrforms across the two academic years.
Education
Whilst over 90% of children in Rwanda are registered in nine years basic schoolin& there is a
high drop-out rate. A key reason for this is the absence of enough well-trained teachers.
Rwanda Action has piloted and developed an innovative School-Based Mentor ISBMI
programme which provides in-service training for teachers with a special emphasis on
learner-centred teaching and careful assessment and differentiation.

ANNUAL REPORT AND UNAUDITED FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
Report of the Trustees (convd)
Achievements and Performance {cont'dl
Education {conVd)
In 2023 we targeted two areas of education.
Through Continuous Professional Developmentwe continued to train and support our
33 Lead Teachers across thetwo districts. broadening out from teaching them English
to providing training to deliver the curriculum effectively. RA'S team monitors the
LeadTeachers asthey providedtrainingto 889 education professionals including Head
Teachers. Directors of Studies, School Subject Leads and School Based Mentors, who
in turn provided peer training. In total. 9,422 students benefrtted from improved
teaching across the two districts.
The Learning Initiative ITLI) started in 2020 to provide in-depth training to teachers
from the 16 lowest performing schools in our area. Having demonstrated very
encouraging results in these schools, the programme was extended to 50 primary
schools. although dueto a new programme beingrolled out, this numberwas reduced
to 36 schools in 2023.
TLI equips teachers wtth the skills to teach more effectively and improve learning by
using formative assessments to plan lessons and teach at the right level. Initial results
have been very encouraging. Showing improvements in student performance and
retention in TLI schools as well as when compared to non-TLI schools.
Financial Review
The Charitrfs income in 2023 was £315.763. Expenditure in 2023 was £295,917, resulting in
net incoming resources for the year of £19.846.
This, together with prior years, funds brought forward, resulted in charitable funds at 31
December 2023 of £275.682.
Reserves Poli
The Trustees have examined the ChariVs requirements for reserves and have established a
policy whereby undesignated funds should be maintained such that between &9 months of
expenditure are covered.

ANNUAL REPORT AND UNAUDFTED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
Report of the Trustees (conyd)
Finanual Revlew {conYd)
Investment Poli
The Charity does not intend to hold any long-tem investments. Cash not immediately needed
is held in an interest-earning savings account.
Post Balance Sheet Events
There were no material post Balance Sheet events to report.
Plans for Future PerFods
The Charity intends to continue the projects detailed above where appropriate and as far as
funding is available.
Rwanda Artion is committed to devofving increasing responsibilty to the Rwandan team for
providing care and trainin& working closely with the Districts and the community.
Condusion
TheTrustees would liketo express theirappreciation toall who have so generouslysupported
the work of the Charity by their gifts of money, time, energy and expertise.

ANNUAL REPORT AND UNAUDITED FINANCIALsfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
Statement of Trustees, Responsibilities
The Charity Trustees (who are a150 the Directors of Rwanda Artion for the purposes of
company law) are responsible for preparing a Trustees. Annual Report and Financial
Statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
Company law and the law applicable to charities in EngEand and Wales requires the Charity
Trusteesto preparefinancial statementsforeach financial yearwhich give a trueand fairview
ofthe state of affairs ofthe charitable company and of the incoming resources and application
of resources, including the income and expenditure, of the charitable company for that
period.
In preparing those finanaal statements the Trustees are required to:
la) select Suitable accounting polictes and then apply them consistently-
Ib} observe the methods and principles in the Charities SORP;
Icl make judgements and estimatesthat are reax)nable and prudent;
Id) state whether the policies adopted are in accordance wlth the appropriate
Statement of Recommended Practice on Accounting bycharrties and the Accounting
Regulations. and with applicable accounting standards. subjett to any material
departures disclosed and explained in the financial statements: and
le) prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the Charity will continue in business.
The Trustees are responsible for keeping proper accounting records which dlsclose, wlth
reasonable accuracy at any time, the financial position of the Charity. and enable them to
ensure that the financial statements comply with applicable Accounting Standards and
Statements of Recommended Prartice and the Companies Act 21J)6. They are also responsible
for safeguarding the assets of the Charity and hence for taking reasonable steps for the
prevention and detection of fraud or other irregularities.
By order of the Board of Trustees
Date:
September 2024
Deanne Thomas
Chair
Rwanda Attion

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
Independent Examiner's Report
Report to the Trustees l Dirertors of Rwanda Act70n (Charity no. 1124634, Company no.
06610865) on accounts for the year ended 31 December 2023.
I report to the CharFty Trustees on my examtnation of the accounts of the Company for the
year ended 31 December 2023.
Responslbllltles and basis of report
As the Charttrfs Trustees of the Company (who are also the Directors of the Company for the
purposes of company law), you are responsible for the preparation of the accounts in
accordance with the requirements of the Companies Act 2(K)61-the 21]]6 ACV).
Having satisfied myself that the accounts of the Company are not required to be audited for
this year under Part 16 of the 2CM)6 Act and are eligible for independent examination, I report
in respect of my examination of your Charitvs accounts as carried out under section 145 of
the Charities Act 2011 {"the 2011 Arf). In carrying out my examination. I have followed the
Directions gNen by the Charity Commission {under section 145{5llb) of the 2011 Act.
Independent examiner's statement
The companws gross income exceeded £250,OLX) and l am qualified to undertake the
examination by being a qualified member of the Institute of Chartered Accountants in England
and Wales.
I have completed my examination. I confirm that no material matters have come to my
attention which gives me cause to believe that:
accounting records were not kept in accordance with section 386 of the
Companies Act 2006.- or
the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requirements under section
396 of the CompaniesAct 21])6otherthan any requirementthatthe accounts give
a 'true and fairf wew whKh is not a matter considered as part of an independent
examination; or
the accounts have not been prepared in accordance with the Charities SORP
{FRS1021.
io-

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
Independent Examiner's Report (cont'd)
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
Date:
September 2024
Keith M Luck FCA
LLP Partner
Gibbons Mannington & Phipps LLP
24 Landgate
Rye
East Sussex TN317U
li-

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
Company Regi5tr3tlon Number= 06610865
Rew'stered Charity NUmt￿r. 1124634
STATEMENT OF FINANCIAL ACTIVITIES
Ilncorporating an Income and Expenditure Account)
for the year to 31 December 2023
Notes
2023 £
2023 £
2022 £
2022 £
Incoming resources
Incoming resources from
generated funds
Voluntary income-
general funds
Interest Income
294,875
187.256
2,772
2,868
297.647
190,124
Voluntary income-
designated funds
Tott71 incoming resources
18,116
12,921
315.763
203.045
Resources expended
Charitable artivities-
general funds
Charitable activities -
designated funds
Totol resources expended
233,722
269,515
62,195
79,443
295.917
348,958
Net incoming / {outgoing} resources
19.846
1145,9131
Total funds brought forward
255,836
401,749
Net incoming / (outgoing) resources
19,846
{145,9131
Total funds carried forward
275.682
255,836
-12-

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
Company Registration Number= 06610865
Registered Ch8tity Number= 1124634
STATEMENTOF FINANCIAL POSITION
at 31 December 2023
Note5
2023 £
2023 £
2022 £
2022 £
Fixed Gssets
Tangible Assets
Current a55ets
Debtors and prepayments
Cash at bank and in hand
1.436
276.658
278,094
2.412
2,069
258,125
260,194
4,358
Creditors
275,682
275,682
255,836
255,836
Total Assets
Capital and Reserves
Called up share capital
Charitable funds Designated
Undesi8nated
28,685
246,997
72,764
183,072
275,682
275,682
255,836
255,836
For the year ended 31 December 2023 the company was entttled to exemption from audit
under section 477 of the Companies Act 2(M)6 relatin8to small companies.
Dirertors, responsibilities
The members have not required the companyto obtain an audit of its accounts for the year
in question in accordance with section 476.
The directors acknowledge their responsibility for complying with the requirements of the
Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to
tompanies subject to the small companies, regime.
The financial statements were approved by the Board of Trustees on
eptember 2024.
Deanne Thomas
Chair of Trustees on behalf of the Trustees
13-

ANNUAL REPORT AND UNAUDITED FINANCIALSfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA ACTION
NOTES TO THE ACCOUNTS
Statuto
Information
Rwanda Action is an incorporated charity. limited by guarantee. registered in England &
Wales. The charttws registered number and registered office address can be found in the
Report of the Trustees.
Accounting policies
The principal accounting policies adopted. judgements and key sources of estimation
uncertainty in the preparation of the financial Statements are as follows:
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting
by Charities: Statement of Recommended Prartice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 {effective l January 20151- {Chartties SORP IFRS 102}I, the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the
Companies Act 2006.
Assets and liabiltties are initially recognised at historical cost or transaction value unless
otherwise stated in the relevant accounting policy notels).
Public benefft entity
TheTru5teesare oftheviewthat Rwanda Action meetsthe definition of a public benefit entity
under FRS 102. Its primary objective is to provide services for the general public or social
benefit and there is no objective to provide a financial return to members.
Preparation of the accounts on a going concem basis
The Trustees are of the view that there are no material uncertainties around the ability to
raise donations and voluntary income and around the ability of the Chartty to continue to
provide funding for its charitable activities. The Trustees therefore consider that the Charity
is a going concern.
Income and recognition of incoming resources
Income represents the amounts receivable from donors and other parties by the Charity
excluding value added tax. These are included in the Statement of Financial Activities (SOFA)
when the Charity becomes entitled to the resources," the Trustees are virtually certain they
will receivethe resources," and the monetaryvalue can be measured with sufFicient reliabiltty.
Donations are only included in the SOFA when the Charity has unconditional entitlement to
the resources. The value of any voluntary help received is not included in the accounts but is
described in the Trustees, Annual Report. Investment income is included in the accounts
when receivable.
-14-

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
NOTES TO THE ACCOUNTS (cont'd)
Accounting policies Iconyd)
Liability recognition
Liabilities are recognised as soon as there is legal or construttive obllgatlon commlttlng the
Charity to pay out resources.
Foreign currency translation
In preparing the finanual statements. transactions in currencies other than the functional
currency of the company are recognised at the spot rate at the dates of the transactions, or
at an average rate where this rate approximates the actual rate at the date of the transaction.
At the end of each reporting period, monetary items denominated in foreign currencies are
retranslated at the rates prevailing at that date. Non-monetary items that are measured in
terms of historical cost in a foreign currency are not retranslated.
Exchange differences are recognised in profft or loss in the period in which they arise.
Tangible Fixed assets and depreciation
These are capitalised if they can be used for more than one year, have a re-sale value and cost
at least £5￿. They are valued at cost or a reasonable value on receipt. Depreciation is
provided on a straight line basis so as to write down the cost of tangible assets. less their
estimated residual value, over their estimated lives. The rates used are:
Motor vehicle5
25% per annum
Net Incoming Resources forthe Year
The net incoming ￿SoUrceS for the year is stated after.
2023 £
2022 £
The net incoming resources forthe year is after charging:
Director5, and Trustees. emoluments and expenses
Independent examiner's fees for reporting on the accounts
Otherfees paid to the independent examiner
Depreciation charged during the period
Foreign exchange losses / (gains)
996
271
{1,2571
15-

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
NOTES TO THE ACCOUNTS (cont'd)
Staff Costs
2023 £
84.900
4,833
1,663
7,500
98,896
2022 £
78,000
3,346
2.000
Salaries and wages
Social security costs
Pension costs
Ex gratia payments
Total
83,346
No employee received emoluments of more than £60,￿j0.
The average number of employees during the year, calculated as average head count on the
basis of full-time equivalents, was 212021- 2)
Creditors
2023 £
1,155
1,257
2,412
2022 £
3.337
1.021
4,358
Taxation and Social Security
Other creditors
Total
Taxation
2023 £
2022 £
UK and Rwanda current year taxation
Tangible fixed assets
Motor vehides
Cost
At l January 2023
Additions
Disposals
At 31 December 2023
44,625
44,625
Depreciation
At l January 2023
Provided in the year
Disposals
At 31 December 2023
44.625
44,625
Net book value at l January 2023
Net book value at 31 December 2023
-16-

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
RWANDA AcfioN
NOTES TO THE ACCOUNTS (cont'd)
Designated Funds
Balances
brought
forward
Balances
carried
fO￿ard
Income Expenditure
Funds Summary
The Alivera Village
Educational development and
scholarships
Baho Neza MV￿na Street Child Willage
New Enterprise funding and support
Tree nurseries
37.353
37,353
5,173
2,864
3,166
4,871
5.855
3,849
9,197
2,006
9.197
200
21X)
Dairy Goat Projett
30,238
8,430
21,808
72,764
18,116
62.195
28,685
Ail the funds are Income Funds and have no restrictions other than for general use in the
specified fund.
There were a number of transFers from the general lundesignated} fund to designated funds
during the year. This is considered normal practice for the company. These transfers are
made to ensure that the activities within the designated projects were fully funded: £8,019
was transferred to New Enterprise funding and support; £3.133 was transferred to Tree
nurseries.
Voluntary income
2023 £
295.452
17.539
312,991
2022 £
180,797
19,380
200,177
Income from donations and legacies
Income from other trading artivities
Total
Share capwtal
The company is a private company. limited by guarantee and exempt under section 30 of the
Companies Act, and therefore has no share capital.
10. Transactions with related parties
There were no transactions with related parties durin8 the period.
-17-