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|Contents|Page|
|---|---|
|Report of the Trustees|3 to 9|
|Independent Examiners Report to the members|IO|
|Statement ofFinancial Activities|11|
|Balance Sheet|12 to 13|
|Notes to the Financial Statements|14 to 19|
|Detailed Statement ofIncome andExpenditure|20 to 21|





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||Note||||2024||||2023|
|---|---|---|---|---|---|---|---|---|---|
|||Restricted<br>funds|Unrestricted<br>funds|Endowment<br>funds|Total|Restricted<br>funds|Unrestricted<br>funds|Endowment<br>funds|Total|
|Income and endowments from:||||||||||
|Donations and legacies|2|44,691|48,179||92,870|32,892|50,757||83,649|
|Charitable activities|||||||18||18|
|Other trading activities|||2,069||2,069||2,742||2,742|
|Investment income|3||27,582|713|28,295||24,196|2,715|26,911|
|Total Income||44,691|77,830|713|123,234|32,892|77,713|2,715|113,320|
|Expenditure on:||||||||||
|Raising funds|4|203|4,325||4,528||4,104||4,104|
|Charitable activities||||||||||
|Direct service provision||2,933|1,661||4,594||11,310||11,310|
|Grant funding of panners||23,505|45,137||68,642|37,528|62,123||99,651|
|Support costs||64|28,814|19,340|48,218||6,881||6,881|
|TotalExpenditure||26,705|79,937|19,340|125,982|37,528|84,418||121,946|
|Net gains/(losses) on investments||||158,847|158,847|||1,586|1,586|
|NetIncome/(Expenditure)||17,986|(2,107)|140,220|156,099|(4,636)|(6,705)|4,301|(7,040)|
|Transfersbetween funds|||2,035|(2,035)||||||
|NetMovement in Funds||17,986|(72)|138,185|156,099|(4,636)|(6,705)|4,301|(7,040)|
|Reconciliation offunds:||||||||||
|Total funds brought forward||25,870|25,295|852,064|903,229|30,506|32,000|847,763|910,269|
|Total funds carried forward||43,856|25,223|990,249|1,059,328|25,870|25,295|852,064|903,229|





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|||Restricted|Unrestricted|Endowment|2024|2023|
|---|---|---|---|---|---|---|
||Note|funds|funds|funds|||
|Fixed assets|||||||
|Tangible assets|8||438|950,000|950,438|776,376|
|Current assets|||||||
|Stock|||||||
|Debtors|9|6,658|2,007||8,665|1,100|
|Investments|10|||40,249|40,249|35,064|
|Cash at bank and in hand||37,198|24,565||61,763|93,414|
|||43,856|26,572|40,249|1 10,677|129,578|
|Creditors<br>- amounts falling|11||(1,787)||(1,787)|(2,725)|
|due within one year|||||||
|Netcurrent assets||43,856|24,785|40,249|108,890|126,853|
|Net assets||43,856|25,223|990,249|1,059,328|903,229|



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|43,856|25,870|
|---|---|
|25,223|25,295|
|990,249|852,064|
|1,059,328|903,229|





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||Unrestricted|Restricted|2024|2023|
|---|---|---|---|---|
||Funds|Funds|Total|Total|
|Donations receivable|45,790|36,335|82,125|76,732|
|Tax recoverable|2,389|8,356|10,745|6,917|
||48,179|44,691|92,870|83,649|



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||Unrestricted|Endowment|2024|2023|
|---|---|---|---|---|
||Funds|Funds|Total|Total|
|Rent received|25,800||25,800|23,600|
|Income from investments held||713|713|2,715|
|Deposit account interest|1,782||1,782|596|
||27,582|713|28,295|26,91 1|





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||Unrestricted|Restricted|2024|2023|
|---|---|---|---|---|
||Funds|Funds|Total|Total|
|Raisingdonations||203|203|42|
|Trading activities|512||512|176|
|Rent collection|1,703||1,703|1,699|
|Property maint. & insurance|IO||2,110|2,187|
||4,325|203|4,528|4,104|



||||Unrestricted|Endowment|2024|2023|
|---|---|---|---|---|---|---|
||||Funds|Funds|Total|Total|
|Depreciation|on|assets|938||938|938|



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|n|||
|---|---|---|
||2024|2023|
|Wages and salaries|37,800||
|National insurance costs|||
|Pension costs|3,024||
|Expensesreimbursement|1,688|8,350|
||42,512|8,350|



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|Fixed Assets||||
|---|---|---|---|
||Land and<br>Buildings|Plant and<br>Machinery|Totals|
|Cost||||
|At I January 2024|775,000|6,975|781,975|
|Additions|175,000|||
|Disposals||||
|As at 31 December2024|950,000|6,975|956,975|
|Depreciation||||
|At I January 2024||5,599|5,599|
|Disposals||||
|Charge||938|938|
|As at 31 December2024||6,537|6,537|
|Net book value||||
|At 31 December 2024|950,000|438|950,438|
|At 31 December2023|775,000|1,376|776,376|



|Valuation in 2024||175,000|
|---|---|---|
|Valuation in2021||80,000|
|Valuation in 2019||45,000|
|Valuation in 2017||50,000|
|Valuation in 2016||25,000|
|Valuation in 2015||50,000|
|Valuation in 2014||50,000|
|Valuation in 2013||25,000|
|Valuation in 2012||10,949|
|Cost||439,051|
|||950,000|
|Prepaid Expenses|||
||2024|2023|
|Other debtors|4,655|1,100|
|Prepayments|4,010||
||8,665|1,100|





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|et Investments|||
|---|---|---|
||2024|2023|
|Market value at IStJanuary|35,064|60,763|
|Add: cost of purchases||33,561|
|Less: market value ofdisposals||(60,846)|
|Unrealised gain/loss oninvestments|5,185|1,586|
|Market value at 3 ISt December|40,249|35,064|
|Investments at cost|33,561|33,561|



||2024|2023|
|---|---|---|
|Accrued expenses|1,787|2,725|
|Other creditors|||
||1,787|2 725|



|ment in Funds||||||
|---|---|---|---|---|---|
||At 01.01.24|Incoming<br>Resources|Outgoing<br>Resources|Gains &<br>Losses/<br>Transfers|At 31.12.24|
|Restricted funds||||||
|Sports ministry|660|4,699|(4,901)||458|
|School bursary|4,663|9,057|(5,801)||7,919|
|Radio ministry|8,226||(1,726)||6,500|
|Imbwa Comm. project|(69)|887|(1,093)|312|37|
|Salaries<br>- Anthony|6,238|3,813|(4,349)||5,702|
|Pastor hardship fund|858||(858)|||
|Cyclone Freddy resp.|312|||(312)||
|Booklet publishing|4,982|1 ,250|(1,524)||4,708|
|BeGA School devt.||6,250|(6,250)|||
|Vehicle fund||18,735|(203)||18,532|
||25,870|44,691|(26,705)||43,856|
|Unrestricted funds||||||
|General fund|25,295|77,830|(79,937)|2,035|25,223|
|Endowment funds||||||
|Building|775,000|||175,000|950,000|
|Other|77,064|713|(19,340)|(18,188)|40,249|
||852,064|713|(19,340)|156,812|990,249|
|Total Funds|903,229|123,234|(125,982)|158,847|1,059,328|





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||Restricted|Unrestricted|Endowment|Total|
|---|---|---|---|---|
||Funds|Funds|Funds|2024|
||2024|2024|2024||
|Tangible Fixed Assets||438|950,000|950,438|
|CurrentAssets|43,856|26,572|40,249|110,677|
|CurrentLiabilities||(1,787)||(1,787)|
|Net Assets At 31 Dec|43,856|25,223|990,249||
||Restricted|Unrestricted|Endowment|Total|
||Funds|Funds|Funds|2023|
||2023|2023|2023||
|Tangible Fixed Assets||1,376|775,000|776,376|
|CurrentAssets|25,870|26,644|77,064|129,578|
|CurrentLiabilities||(2,725)||(2,725)|
|Net Assets At 31 Dec|25,870|25,295|852,064|903,229|





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||2024|2023|
|---|---|---|
|Income and Endowments|||
|Donations and legacies|||
|Donations|82,125|76,732|
|Gift aid|10,745|6,917|
||92,870|83,649|
|Other trading activities|||
|Fundraising events|||
|Tradingpayments received|2,069|2,742|
||2,069|2 742|
|Investmentincome|||
|Rents received|25,800|23,600|
|Other investment income received|713|2,715|
|Deposit account interest|1,782|596|
||28,295|26,91 1|
|Charitable activities|||
|Primary purpose trading||18|
|Total incoming resources|123,234|113,320|
|Expenditure|||
|Raising funds<br>- donations and legacies|||
|Primary purpose trading costs||3|
|Raisingdonations costs|203|42|
||203|45|
|Raisingfunds<br>- other trading activities|||
|Trading costs|511|173|
|Raisingfunds - investmentmanagement costs|||
|Rent collection|1,703|1,699|
|Property maintenance|1,714|1,728|
|Property insurance|397|459|
||3,814|3 886|





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||2024|2023|
|---|---|---|
|Charitable activities|||
|J-Life Ministries|67,228|105,383|
|Secondary School Bursaries forGirls|5,801||
|Academic Scholarships|||
|Gifts to Individuals in Malawi||140|
|Gifts to other Organisations in Malawi|11|9|
|UK Ministry|548|3,274|
|UK Salary Costs|38,491||
|UK Office Costs|7,796|3,273|
|Equipment<br>- Depreciation|938|938|
||120,813|117,221|
|Governance costs|||
|Independent examiners fee|600|600|
|Other|41|21|
||641|621|
|Total charitable resources expended|121,454|1 17,842|
|Total resources expended|125,982|121,946|
|Netincome/(expenditure)|(2,748)|(8,626)|