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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|
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||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|
|||le|aaaaaarl|
|---|---|---|---|
|||Trsrl||
|||arose|foul|
|||1380||
|OKNI|||508,101|
|e|8||0|
||||aoo,rol|
|8|883385|||
|8||||
||188|833|333845|
|881|0|38881|111015|
|0|18835%|195AQO|101110|
|||233887|273,885|
##
|||||||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|
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|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|
##
##
|Country|||
|---|---|---|
|Congo|48,633|48,804|
|Ethiopia|68,767|136,916|
|Ghana|90,980|107,239|
|Kenya|107,814|132,893|
|Malawi|87,340|93,099|
|Rwanda|197,370|199,578|
|South Africa|54,291|85,457|
|Saulh Sudan|31,675|18,577|
|Tanzania|59,312|44,570|
|Uganda|59,769|43,187|
|Zambia|243,526|56,036|
|Zimbabwe|34,065|24,445|
|Total|1,083,542|990,801|
##
||||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|
##
##
||No debtors for 2021 (202|No debtors for 2021 (202|1 Nil)||||
|---|---|---|---|---|---|---|
|15.|Movement
in funds|||At 1.1.22|in funds|At 31.12.22|
||Unrestricted
funds||||||
||General
fund|||111,915|-T2,954|38,961|
||Total Unrestricted|fund||111,915|-72,954|38,961|
||Restricted funds||||||
||South Africa region|||4,836|-3,757|1,079|
||South Sudan|||4,290|37,706|41,996|
||Community
development|||12,487|20,000|32,487|
||Mission general
-indudss||meetings|140,137|-16,673|123,464|
||Total Restricted funds|||161,750|37,276|199,026|
||Totalfunds|||273,665|-35,678|237,987|
|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|
||||||||||At 1.1.21|Net|At 31.12.21|
|---|---|---|---|---|---|---|---|---|---|---|---|
|16.
Movement|||In|funds||(2021)||||movement
in||
|||||||||||funds||
|Unrestricted|funds/|||General fund|||Restricted|funds|69,79S|42,117|111,915|
|Congo|||||||||2,009|-2,009|0|
|Malawi|||||||||1,530|-1,530|0|
|South Africa|region||||||||696|4,140|4,836|
|South Sudan|||||||||17,193|-12,903|4,290|
|Community|development||||||||0|12,486|12,488|
|Mission general||—includes||||meetings|||105,822|34,315|140,137|
|Total Restricted||funds|||||||127,250|34,499|161,749|
|Totalfunds|||||||||197,048|76,616|273,664|
|Net movement||In|funds,|||included|in the above are as follows:|||||
||||||||||Incoming|Resources|Movement
ir|
|Unrestricted|funds||||||||resources|expended|funds|
|General fund|||||||||273,944|-231,827|42,117|
|Total Unrestricted||||funds|||||273,944|-231,827|42,117|
|Restricted funds||||||||||||
|Congo|||||||||46,795|-48,804|-2,009|
|Ghana|||||||||107,239|-107,239|0|
|Kenya|||||||||132,893|-132,893|0|
|Malawi|||||||||91,589|-93,099|-1,530|
|Rwanda|||||||||199,578|-199,578|0|
|SA|||||||||203,718|-199,578|4,140|
|Tanzania|||||||||44,570|-44,570|0|
|Ethiopia|||||||||136,916|-136,916|0|
|Uganda|||||||||43,187|-43,187|0|
|Zimbabwe|||||||||24,445|-24,445|0|
|Zambia|||||||||56,036|-56,036|0|
|South Sudan|||||||||17,193|-12,903|4,290|
|Community|development||||(Balance||transfer)||35,487|-22,981|12,486|
|Mission general||- indudes||||meetings|||99,622|-82,499|17,123|
|Total Restricted||funds|||||||1,239,226|-1,204,726|34,500|
|Totalfunds|||||||||1,513,170|1,436,553|76,617|
##
##
|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||
|||||Restricted
Funds
2021
USD|Unrestricted
Funds
2021
USD|Unrestricted
Funds
2021
USD|As restated
Total Funds
USD|
|---|---|---|---|---|---|---|---|
||Current|assets||396,186||111,915|508,101|
||Creditors|due within one year||-234,436||0|-234,436|
|||||161,750||111,915|273,665|
|20.|Analysis|of changes|in net debt|||||
|||||As restated|Cash|Sows|At 31|
|||||At 1 January|USD||December|
|||||2022|||2022|
|||||USD|||USD|
||Cash at|bank and in|hand|508,101||-217,094|291,007|
|||||508,101||-217,094|291,007|
##