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2025-08-31-accounts

iSERVE AFRICA UK TRUST (A company limited by guarantee and not having a share capital)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] AUGUST 2025

Charity Number: 1144995 Company Registered Number: 07680782

iSERVE AFRICA UK TRUST (A company limited by guarantee and not having a share capital)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] AUGUST 2025

Contents Page
Reference & Administrative Details 1
Report of the Directors 2 - 4
Independent Examiner’s Report 5
Statement of Financial Activities 6
Summary Income and Expenditure Account 7
Balance Sheet 8
Notes to the financial statements 9 - 12

(1)

iSERVE AFRICA UK TRUST (A company limited by guarantee and not having a share capital)

REFERENCE & ADMINISTRATIVE DETAILS

Company Registered Number 07680782 Charity Registered Number 1144995 Registered Office Dundonald Church 577, Kingston Road, Raynes Park London SW20 8SA Company Secretary Mrs J Z Horn Bankers CAF Bank Ltd 25, Kings Hill Avenue, West Malling Kent ME19 4JQ

(2)

iSERVE AFRICA UK TRUST

(A company limited by guarantee and not having a share capital)

REPORT OF THE DIRECTORS

The Directors submit their report together with the financial statements for the year ended 31[st] August 2025. The Directors confirm that the Annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Charities SORP 2015 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

ORGANISATIONAL STRUCTURE AND DECISION MAKING

iServe Africa UK Trust is a company limited by guarantee, whose registered number is 07680782. It is also a registered charity, number 1144995. The company is governed by a Memorandum and Articles of Association dated 23[rd] June 2011.

The principal objects of the Company are the advancement of the Christian faith in accordance with the Statement of Belief, with a particular focus on training and equipping people for Bible-teaching and pastoral ministry, and to relieve poverty, advance health, and advance education as an expression of Christian faith.

The Trustees meet for formal meetings at least twice a year, where possible with an additional meeting involving a representative from iServe Africa in Kenya making a personal report of progress. Any decision of the Trustees must be either a majority decision at a meeting or a unanimous decision taken without a meeting in accordance with the Articles of Association by any means, including without limitation by electronic means, that they share a common view on a matter.

The Trustees are aware of the updated Charity Governance Code issued in December 2020 and will monitor the governance of the Trust against the recommended practices.

DIRECTORS

The details of directors who have served on the Board during the year to 31[st] August 2025 are as follows:

Mr M L Vernon (Chairman, effective 1[st] December 2024) Dr A G Harker (Chairman, until 30[th] November 2024) Mr A G C Hayward Mrs J Z Horn Mrs H F Nicholls Mr M Forward

Dr A G Harker and Mr M L Vernon retire by rotation and, being eligible, offer themselves for re-election.

METHOD OF APPOINTMENT OR ELECTION OF DIRECTORS

The method of appointing new directors is by a decision of the Trustees under the terms of the Articles of Association. Potential candidates are considered with regard to the need to maintain a balance of skills and backgrounds. Directors are elected for a period of 9 years and are eligible to stand for re-election.

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF DIRECTORS

The policy for the induction and training of new directors is that all new appointees will receive informal training from the officers of the Trustees focusing in particular on the background, constitution, and workings of the Trust. In addition, they will be provided with the Trustee Handbook issued by the Charity Commission. Members of the Board are allocated responsibility to update directors in their formal meetings on matters such as regulatory changes and relevant training and guidance provided from time to time to trustees by the Charity Commission.

(3)

iSERVE AFRICA UK TRUST

(A company limited by guarantee and not having a share capital)

REPORT OF THE DIRECTORS (continued)

DIRECTORS’ RESPONSIBILITIES

The directors are also trustees of iServe Africa UK Trust for the purposes of charity law and are responsible for preparing the Directors’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the directors are required to:

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention of fraud and other irregularities.

VOLUNTEERS

The directors devote their time for the benefit of the Trust on a totally voluntary basis. Their input, with the help of other volunteers, has kept the running costs of the company to a minimum.

RESERVES POLICY

The Trustees have determined that the appropriate level of free reserves should be sufficient to meet three months of the running expenses of the charity apart from grants made to iServe Africa in Kenya. The reserves held at the year end amounted to £2,223, which consisted of restricted funds of £597 and unrestricted funds of £1,626. The restricted funds related to a fund established to provide funds for the general running expenses of the Trust in the UK.

REVIEW OF THE YEAR

Over the year the Trust has furthered its commitment to supporting the work of iServe Africa in Kenya (an NGO registered in Kenya) which trains young people mainly in Kenya in biblical preaching and leadership and in serving as apprentices with local churches and other Christian institutions.

Grants to iSA in Kenya have been made from the donations received during the year as shown in the attached statement of financial activities. The Trust has continued to enjoy the support of a number of Churches and Trusts and a consistent number of individuals, through their generous financial donations. Phase 2 of the building project in Kenya has delivered a working building, and the iServe team was delighted to celebrate the annual Thanksgiving and Commissioning service in September 2025 in the new training centre for the first time!

Two of the Trustees visited Kenya during the year, one in December 2024 and one in February 2025, to exchange views with the iServe Africa team and to monitor the situation in Kenya. In addition, the Trustees continued to give assistance to the iServe Africa Board with governance and other issues. The Board was also delighted to host Dr Harrison Mungai in the UK in October 2025 and benefitted greatly from face-to-face meetings and discussions with him on all aspects of iServe Africa.

(4)

iSERVE AFRICA UK TRUST (A company limited by guarantee and not having a share capital)

REPORT OF THE DIRECTORS (continued)

RISK MANAGEMENT

In supporting the overseas work of iServe Africa, the Trustees recognise their responsibilities in ensuring that grants are applied for the purposes for which they have been made in the UK. To that end, they have put in place a number of measures to ensure that any risk that grants will be misapplied is minimised. They have agreed a risk register of the potential risks which they have identified as existing and of the corresponding measures that have been put in place either to eliminate failures or errors occurring in management or financial processes or to minimise the risk of such an occurrence. They review the risk register, which has been prepared in accordance with regulatory guidance and, in particular, with HMRC guidance relating to grants made to overseas charities, regularly, at their normal trustee meetings and revise it where necessary. The Board of Trustees maintain and update the risk register from time to time, and the Treasurer manages the payment of grants in accordance with the measures described in it.

PUBLIC BENEFIT STATEMENT

The Directors confirm that they have paid due regard to the guidance contained in the Charity Commission’s general guidance on public benefit when setting the charity’s objectives and planning its activities. In particular, there is very considerable benefit in East Africa through the use of our grants by iServe Africa in the training and deployment of many young people who serve in churches and Christian charitable institutions, bringing spiritual help and practical assistance, often to deprived communities. In the UK, churches and individuals benefit from their partnership, through the UK Trust, with iSA, encouraged by the work in Kenya, learning from their pioneering training in servant leadership, and sending short term teams to be hosted by iSA and experience mission in Kenya.

FINANCIAL REVIEW

This year’s operations gave rise to Incoming Resources of £195 (2024:Net Outgoing Resources £(8720)). As can be seen from the detail of the accounts, total giving in the year amounted to £78,883 (2024: £151,797), a decrease of nearly £73k, as last year’s income included a number of large gifts towards the completion of Phase 2 of the Building Project. A number of individuals, churches and Trusts have continued to make generous donations this year towards the training programmes. Gift Aid income of £4,442 (2024: £4,127) was also received in the year.

Expenditure was again mainly confined to the making of grants to iServe Africa in Kenya, with other costs incurred for travelling and general administrative expenses.

The Trustees continue to increase awareness of this ministry in Kenya through the website.

The Directors’ report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

The charity had no fundraising activities requiring disclosure under S162A of the Charities Act 2011.

GOING CONCERN STATEMENT

The Directors consider that iServe Africa UK Trust has adequate resources to continue in operational existence for the foreseeable future and, for this reason, the Trustees continue to adopt the going concern basis in preparing the accounts.

AUDIT EXEMPTION

For the year ended 31[st] August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD

M L Vernon Chairman

11th April 2026

(5)

iSERVE AFRICA UK TRUST

(A company limited by guarantee and not having a share capital)

Independent examiner’s report to the trustees of iSERVE AFRICA UK TRUST

I report on the financial statements of the company for the year ended 31[st] August 2025, which are set out on pages 6 to 12.

This report is made solely to the charitable company’s trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company’s trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner’s work has been undertaken so that I might state to the charitable company’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body and the charitable company’s trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

The trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under charity or company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention which give me reasonable cause to believe that in any material respect:

I 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: 21[st ] April 2026

James Robinson (ACA) Chartered Accountant 21 Melrose Gardens, KT3 3HQ

(6)

iSERVE AFRICA UK TRUST

(A company limited by guarantee and not having a share capital)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[st] AUGUST 2025

------------------------2025------------------
Unrestricted
Restricted
Total
Note
£
£
£
Income from:
Donations - Individuals
32,813
100
32,913
Donations - Churches
Donations - Trusts
16,285
24,685
-
5,000
16,285
29,685
Gift Aid Income
2,684
1,758
4,442
Interest received
23
-
23




Total
76,490
6,858
83,348

Expenditure on:
Charitable activities
2
76,271
6,882
83,153



Total
76,271
6,882
83,153
Net movement in funds
219
(24)
195
Fund balances brought forward
1,407
621
2,028
Fund balances carried forward
6
1,626
597
2,223
at 31st August 2025		 Year to
31/8/2024
£
46,707
67,587
37,503
4,127
26

155,950
164,670

164,670
(8,720)
10,748
2,028		 Year to
31/8/2024
£
46,707
67,587
37,503
4,127
26

155,950
164,670

164,670
(8,720)
10,748
2,028

(7)

iSERVE AFRICA UK TRUST

(A company limited by guarantee and not having a share capital)

SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31st AUGUST 2025

Total income of continuing operations
Total expenditure of continuing operations
Net surplus/(deficit) for the year		 2025
Year to
31/8/2024
£
£
83,348
155,950
(83,153)
(164,670)
195
(8,720)

(8)

iSERVE AFRICA UK TRUST (A company limited by guarantee and not having a share capital) Company Registered Number: 07680782

BALANCE SHEET


Note
Current assets
Bank and cash balances
Creditors:
Amounts falling due within one year
3
Net current assets
7
Total assets less liabilities
Funds
6
Restricted funds
Unrestricted funds		 As at
31/8/2025

£
£

2,343
120
2,223

2,223
597
1,626
2,223		 As at
31/8/2024
£
£
2,139
111
2,028
2,028
621
1,407
2,028

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Approved by the Board on 11[th] April 2026 and signed on their behalf by:

M L VERNON Director

(9)

iSERVE AFRICA UK TRUST

(A company limited by guarantee and not having a share capital)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] AUGUST 2025

1 ACCOUNTING POLICIES

A summary of the more important accounting policies, which have been applied consistently, is set out below.

1.1 Basis of preparation of financial statements

The accounts (financial statements) have been prepared in accordance with the Charities SORP (FRS102) applicable to charities preparing their accounts in accordance with FRS102 the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

1.2 Company status

The company is a company limited by guarantee incorporated and domiciled in the UK and is a public benefit entity. Each member undertakes to contribute a sum not exceeding £1 in certain circumstances as set out in clause 5 of the Memorandum and Articles of Association. At 31[st] August 2025 the number of members was six.

1.3 Income

All incoming resources are included in the Statement of financial activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy and the likelihood of receipt of the income is probable. Therefore, in this period, donations, gift aid income and interest have been accounted for when they were received.

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party; it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes the costs of grants paid to iServe Africa in Kenya; associated support costs and fundraising activities undertaken to further the purposes of the charity.

1.5 Financial Instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Financial assets held at amortised cost comprise cash at bank and in hand, together with trade and other debtors. Financial liabilities held at amortised cost comprise bank loans and overdrafts, trade and other creditors. The amounts of financial assets and liabilities at 31[st] August 2025 is as set out below:

out below:
As at 31/8/2025 As at 31/8/2024
£ £
Financial Assets
Cash at bank 2,343 2,139
Financial Liabilities
Creditors 120 111

(10)

iSERVE AFRICA UK TRUST

(A company limited by guarantee and not having a share capital)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] AUGUST 2025

1.6 Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates, assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods.

In the view of the directors, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

2 EXPENDITURE ON CHARITABLE ACTIVITIES

Governance Costs
Administrative costs
Grants Paid
Bank charges
Website costs
Travelling expenses		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
Year ended
31/08/2025
£
Year ended
31/08/2025
£
Year ended
31/08/2025
£
Year Ended
31/8/2024
£
-
34
34
34
86
-
86
102
75,152
6,848
82,000
163,800
189
-
189
213
347
-
347
21
497
-
497
500
76,271
6,882
83,153
164,670

3 CREDITORS

CREDITORS
Due within one year
Sundry expenses		 As at
31/8/2025
As at
31/08/2024
£
£
120
111
120
111

(11)

iSERVE AFRICA UK TRUST

(A company limited by guarantee and not having a share capital)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] AUGUST 2025

(continued)

4 RELATED PARTY TRANSACTIONS

The directors of the charitable company are the trustees under charity law and received no remuneration during the year. Dr Harker and Mrs Nicholls received reimbursement for expenses incurred on behalf of the Trust, which in the year totalled £444 and £400 respectively (2024: £546 for Dr Harker). During the year, in aggregate, trustees made donations of £5,600 (2024: £6,300).

5 INDEPENDENT EXAMINER’S FEE

6 STATEMENT OF FUNDS

Balances
Incoming
For the year to
31st August 2025
brought
forward
Resources
£
£
RESTRICTED:
General expenses
621
-
Building Development
-
6,758
H/S Leavers’ Discipleship
-
100
Total restricted funds
621
6,858
UNRESTRICTED:
General reserve
1,407
76,490
Balances
Incoming
For the year to
31st August 2024
brought
forward
Resources
£
£
RESTRICTED:
General expenses
655
-
Building Development
-
63,000
H/S Leavers’ Discipleship
10
120
Total restricted funds
665
63,120
UNRESTRICTED:
General reserve
10,083
92,830		 Outgoing
Balances
Resources
carried
forward
£
£
(34)
587
(6,758)
-
(90)
10
(6,882)
597
(76,271)
1,626
Outgoing
Balances
Resources carried forward
£
£
(34)
621
(63,000)
-
(130)
-
(63,164)
621
(101,506)
1,407

The general expenses fund was established to provide reserves for the general running expenses of the Trust. The costs in the year related to the annual filing fees for the company.

The building development fund was established to provide funds for the cost of the new training centre for iServe Africa in Kenya. All amounts received were transferred to iServe Africa in Kenya for this purpose during the year.

The High School Leavers’ Discipleship fund was established to provide funds for the programme being run in Kenya over the forthcoming period. Amounts received were transferred to iServe Africa in Kenya for this purpose during the year, except for £10 received on 18[th] August 2025, which was included in the subsequent grant paid in November 2025.

(12)

iSERVE AFRICA UK TRUST

(A company limited by guarantee and not having a share capital)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] AUGUST 2025 (continued)

7 NET ASSET ALLOCATION NOTE

For the year to
31st August 2025
Unrestricted
Restricted
£
£

Cash at Bank
1,712
631
Sundry Expenses
(86)
(34)
Total
1,626
597
For the year to
31st August 2024
Unrestricted
Restricted
£
£

Cash at Bank
1,484
655
Sundry Expenses
(77)
(34)
Total
1,407
621		 Total
£
2,343
(120)
2,223
Total
£
2,139
(111)
2,028