2022-12-31-accounts - African Enterprise International

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		Page
Report ofthe Trustees		1-7
Independent Auditors'	Repok on the Financial Statements	8-1 1
Statement of Financial	Activities	12
Balance Sheet		13
Statement of Cash Flows		14
Notes to the Financial	Statements	15-22

	Nates	Vnrestrl cted funds USD	2022 Restricted funds USD	Total funds VSD	2021 Total funds USD
Income from:	2
Mission, Ministry Support and Other		472,188	463,454	935,642	869,597
Aid 5development		0	615,764	615,764	621,718
Foxfires		0	82,789	82,789	21,856
Tatal Income		472,1S8	1,162,007	1,634,195	1,513,171
Expenditure on:
Mission & Missions department.		9,238	607,840	617,078	424,617
Aid 6development		0	481,449	481,449	465,961
Foxfires		0	35,442	35,442	41,055
Team support costs		328,754	0	328,754	276,045
Founderts department		16,175	0	16,175	15,750
ITL department		161,728	0	161,728	185,593
Communications department		29,247	0	29,247	24,533
Total Expenditure		545,142	1,124,731	1,669,873	1,436,554
Net movement In funds		-72,954	37,276	45,678	76,617
Total funds brought forward	16	111,915	161,750	273,665	197,048
Tatal funds carried forward	15	38,961	199,026	237,987	273,665

						As	restated
Cash flows from operating			activities:		Notes	2022	2021
						USD	USD
Balance for the year (page 12)						-35,678	76,617
Adjustments for:-
Exchange differences						-21,159	-3,18
Working capital changes
(Decrease)/Increase	in creditors					-181,416	225,436
Decrease in debtors						0	38,269
Total cash generated	from	operations				-238,253	337,135
Cash snd cash equivalents		at the beginning cfthe reporting
period						508,101	167,779
Exchange differences						21,159	3,187
Increase in cash and	cash equivalents					-238,253	337,135
Cash and cash equivalents		at	the end ofthe reporting	period	20	291,007	508,101

2.Income as analysed	2.Income as analysed	per activity	2022	2021
			VSD	USD
Mission, Ministry	Support	and Other	935,642	869,597
Aid 8 development			815,784	821,718
Foxfires			82,789	21,858
Total Income			1,634,195	1,513,171

3.	Charitable activit	ies costs
					Grant
					funding	of
					activities			Support co8'ts
	Charitable activities costs		Direct costs		(Note 4)			(Note 5)	Totals
			VSD		USD			VSD	USD
	Mission SMissions department			817,078			0	0	617,078
	Aid 8development			481,449					48L449
	Foxfires			35,442					35,442
	Team support casts			328,754					328,754
	Founder'8 department			16,175					16,175
	ITL department			161,728				0	161,728
	Communications	department		0				29,247	29,247
	Tatal casts In 2022		1,640,626				0	29,247	1,669,873
	Total costs In 2021		1,395,484				0	41,069	1,436,554
4.	Grants payable
								2022	2021
								VSD	USD
	The total grants paid to institutions		during	the year	was as
	faSows'
	Aid 8 development	(3rd party grants)
5.	Suppart costs
			Management		Finance			Governance
			CO8ts		casts			CO8t8	Totals
			VSD		USD			VSD	VSD
Mission 8 Missions department			17,943 0		7,229			4,075	4,075
Aid	and development			0
ITL	department			0
Total	support costs In 2022			17,943		7,229		4,075	29,247
Total	support costs In 2021			25,44S		4,260		11,361	41,069

costs oftravel, accommodation were afi online	costs oftravel, accommodation were afi online	and subsistenc	and subsistenc	and subsistenc	e are m	e are m	et by the charitable compan	et by the charitable compan	y. Board mee	ting in 2022
Key management personnel		are those persons			having		authority and responsibility		for planning,	directing and
controlling the activities ofthe Charity. They				consist		of	the International Team	Leader/CEO, the		International
Missions' Director,	International	Social Action Director and the International Operations Manager. Ths
aggregate cost of Key Management			Remuneration			was $185,314(2021 —$176,875).
8. Staff costs							2022		2021
							USD
Wages and salaries							251,404		239,475
The average monthly number		ofemployees		during		the	year was as 8
No employees received ernolurnsnt			in excess		of$80,136(2021 —$79,600).
9. Statement of	Financial	Activities for		year ended 31December, 2021
							Unrestricted	Restricted
Income							funds		funds	Total funds
							USD		USD	VSD
Mission, Ministry Support and Other							604,315		265,282	869,597
Aid 8 development							0		621,718	621,718
Foxfires							0		21,856	21,856
Total Income							604,315		908,856	1,513,171
Expenditure
Mission 8 Missions	department						57,277		367,340	424,617
Aid &development							0		465,961	485,961
Foxfires							0		41,055	41,055
Team support costs							276,045		0	276,045
Founder's department							18,750		0	18,750
ITLdepartment							185,593		0	185,593
Communications department							24,533		0	24,533
Total Expenditure							562,198		874,356	1,436,554
Net movement In	funds						42,117		34,500	76,617
Reconciliation offunds
Total funds brought	forward						69,798		127,250	197,048
Total funds carried	forward						111,915		161,750	273,665

The charity received funds from partner world as follows:	charities located in different countries th	roughout the
	2022	2021
Country	USD	USD
Australia	683,863	661,985
Europe	71,134	60,250
Canada	173,376	119,569
Ireland	18,572	11,110
New Zealand	0	3,112
USA	623,950	609,248
Direct funds	63,300	47,897
Total Income	1,634,195	1,513,171

			As restated
		2022	2021
		USD	USD
Barclays UK US $Accounts Barclays UK GBPAccounts Total cash and cash equivalents		134,243 ~1~7 ~21	409,421 2KRQ ~11
13. Creditors:amounts	falling due within one year		As restated
		2022	2021
		VSD	VSD
Staff benefit fund		35,020	225,436
Accrued expenses		18,000	9,000
		53,020	234,436

ovement In	fun	ds,	includ	ed In the above are as f	ollows:
					Incoming	Resources	Movement in
Unrestricted	funds				resources	expended	funds
General fund					133,559	-206,513	-72,954
Total unrestricted			funds		133,559	-206,513	-72,954
Restricted funds
Congo					48,633	48,633	0
Ethiopia					68,TST	-68,T67	0
Ghana					90,980	-90,980	0
Kenya					107,814	-107,814	0
Malawi					87,340	-87,340	0
Rwanda					197,370	-197,370	0
South Africa					50,534	-54,291	-3,757
South Sudan					69,381	-31,675	37,706
Tanzania					59,312	-59,312	0
Uganda					59,769	-59,769	0
Zambia					243,526	-243,526	0
Zimbabwe					34,065	-34,065	0
Community	development			(Balance transfer)	50,665	-30,665	20,000
Mission general		—includes		meetings	332,480	-349,153	-16,673
Total restricted		funds			1,500,636	1,463,360	37,276
Totalfunds					1,634,195	1,669,873	45,678

Analysis ofnet assets between funds - cu	rrent year
	Restricted	Unrestricted
	Funds	Funds	Total	Funds
	2022	2022	2022
	USD	USD		USD
Current assets	252,046	38,961	291,007
Creditors due within one year	-53,020	0		-53,020
	199,026	38,961	237,987