## **ARAB VISION** ## **Annual Report and Accounts for the year ended 31 December 2022** ||**INDEX**|| |---|---|---| |||**Page**| |**Report of the Trustees**||**2**| |**Independent Examiner's report**||**5**| |**Statement of financial activities**||**6**| |**Balance sheet**||**7**| |**Notes to the financial statements**||**8**| Page 1 ## **ARAB VISION** ## **Annual Report and Accounts for the year ended 31 December 2022** ## **REPORT OF THE TRUSTEES** ## **Reference and administrative details, Trustees and Advisers** Charity's name: Arab Vision Charity's number: 1154993 Principal address: 23 Mill Lane Saffron Walden Essex CB10 2AS Trustees: Ian Sutherland Rosemarie Strengholt Matthew Vaughan Principal professional advisers: Bankers: Lloyds Bank Plc 3 King Street Saffron Walden Essex CB10 1HF Independent Tracy Todman Examiner: 14, Audley Road Saffron Walden Essex CB11 3HW ## **Structure, governance and management** Arab Vision was established by trust deed on 30 August 2013. The Trustees meet as required. The minimum number of Trustees is three but there is no maximum. All Trustees must subscribe and adhere to, in belief and lifestyle, the Statement of beliefs. Trustees are appointed by a simple majority at a properly convened meeting of the Trustees. ## **Statement of Trustees' responsibilities** The Trustees are responsible for preparing the Trustees' annual report and financial statements in accordance with applicable law and United Kingdom accounting statements. The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity during the year then ended. Page 2 ## **ARAB VISION** ## **Annual Report and Accounts for the year ended 31 December 2022** ## **REPORT OF THE TRUSTEES** _**(continued)**_ In preparing those financial statements, the Trustees should follow best practice and are required to: - select suitable accounting policies and then apply them consistently - observe the methods and principles in the Charities SORP - make judgements and estimates that are reasonable and prudent - state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements - prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue its activities The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with: - the Charities Act 2011 - the Statement of Recommended Practice "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) dated 16 July 2014 - Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) - the charity's Trust Deed They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps towards the prevention and detection of fraud and other regularities. ## **Objectives and activities** Arab Vision's objectives are to advance the Christian religion amongst the Arabic people, through the production of television programmes and other media messages of an evangelistic and teaching nature. ## **Risk management** As the charity has no employees, property or clients and does not provide advice or services, the Trustees do not foresee any risks other than the synchronous death of all Trustees or the possibility of fraud by any of the Trustees. Since Trustees may not indemnify themselves against damages for fraud or negligence they see no need to safeguard against this risk. The Trustees are well aware, apart from meeting Arab Vision's own operating costs, they are choosing to deploy funds at their disposal in a region of the world characterised by social, economic and political instability. They accept that these factors bring to the work of Arab Vision an inescapable element of risk of loss of resources which is managed through active relationships with those involved. Page 3 ## **ARAB VISION** ## **Annual Report and Accounts for the year ended 31 December 2022** ## **REPORT OF THE TRUSTEES** _**(continued)**_ ## **Public benefit** Arab Vision's ministry benefits Arabic people wishing to explore the Christian message, both in the Arab World and further afield, through media communications and personal conversations. They are provided freely without obligation or cost. Television programmes are made available to a number of satellite broadcasters and also on Youtube and other forms of social media. They are made available without any form of detriment to viewers' personal circumstances. The aim of all activities is to inform and to engage the viewer about the Christian religion consistent with Arab Vision's objectives. The Trustees have referred to the guidance in the Charity Commission's general guidance on Public Benefit when reviewing the aims and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the the aims and objectives they have set. All activities recorded above therefore reflect the Trustees' desire to follow the aims of Arab Vision and to meet the requirements of general Public Benefit. ## **Achievements and performance** The gifts towards the programmes come largely from individuals and other charities. We are encouraged by the number of individuals who are supporting Arab Vision's work. We are also grateful to the churches and Trusts which have consistently supported us. ## **Financial review** During the year income totalled £32,930 (2021: £34,355) and expenditure totalled £38,536 (2019: £20,938) resulting in net outgoing resources of £5,606 (2021: incoming resources £13,417). The Trustees have reviewed their reserves policy and, having regard to the normal level of income and expenditure, the level of reserves should be not less than £1,500. At 31 December 2022, the reserves were £10,333 (31 December 2021 £15,939) ## **Future plans** The Trustees will continue to promote the work of Arab Vision through churches, personal contacts and other organisations to raise funds and prayer support for future television programmes. The report was approved by the Trustees on 27 October 2023 and was signed on their behalf by: Ian Sutherland Trustee Page 4 ## **ARAB VISION** ## **Annual Report and Accounts for the year ended 31 December 2022** ## **INDEPENDENT EXAMINER'S REPORT** ## **Responsibilities and basis of report** I report to the Trustees on my examination of the accounts of Arab Vision ("the Trust") for the year ended 31 December 2022, as set out on pages 6 to 12 As the charity's Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act") I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the Act. ## **Independent Examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect: - the accounting records were not kept in accordance with section 130 of the Act; or - the accounts do not accord with the accounting records; or - the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. I have no concerns and have come across no 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. Tracy Todman FCA 14 Audley Road, Saffron Walden Essex CB11 3HW 31 October 2023 Page 5 ## **ARAB VISION** ## **Annual Report and Accounts for the year ended 31 December 2022** ## **STATEMENT OF FINANCIAL ACTIVITIES** |**Incoming resources**
Note
Donations and legacies
2
**Total incoming resources**
**Resources expended**
Charitable activities
3
Support costs
3
**Total resources expended**
**Net (outgoing)/incoming resources**
**Balances brought forward at**
**1 January 2022**
**Balance carried forward at**
**31 December 2022**
10|Unrestricted
Restricted
2022
Funds
Funds
Total
£
£
£
32,930
-
32,930
32,930
-
32,930
36,500
-
36,500
2,036
-
2,036
38,536
-
38,536
(5,606) -
(5,606)
15,939 -
15,939
10,333
-
10,333|2021
Total
£
34,355| |---|---|---| |||34,355| |||19,400
1,538| |||20,938| |||13,417
2,522| |||15,939| The accompanying notes on pages 8 to 12 are an integral part of these financial statements. Page 6 ## **ARAB VISION** ## **Annual Report and Accounts for the year ended 31 December 2022** ## **BALANCE SHEET** |**Current assets**
Note
Debtors
8
Cash at bank and in hand
**Creditors: amounts falling due within one year**
Creditors
9
**Net assets**
**Represented by:**
Unrestricted funds
**Total charity funds**|2022
£
1,495
9,194
10,689
(356)
10,333
10,333
10,333|2021
£
115
15,824| |---|---|---| |||15,939
-| |||15,939| |||15,939| |||15,939| The accompanying notes on pages 8 to 12 are an integral part of these financial statements. The Trustees acknowledge their responsibilty for ensuring the charity keeps proper accounting records in accordance with the requirements of the Charities Act 2011, as more fully set out in the "Statement of Trustees' responsibilities" in the Trustees Report. The financial statements on pages 6 to 12 were approved by the Trustees on 27 October 2023 Matthew Vaughan Ian Sutherland Trustee Trustee Page 7 ## **ARAB VISION** ## **Annual Report and Accounts for the year ended 31 December 2022** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **1 ACCOUNTING POLICIES** ## **Accounting convention** The financial statements are prepared on a going concern basis, under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the notes to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) issued in October 2019, with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS102. The financial statements include all transactions, assets and liabilities for which the Trustees are responsible in law. ## **Incoming resources** Voluntary income includes donations, gifts and grants from other trusts and is recognised in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability. Grants and donations are only recognised in the SoFA when the general income recognition criteria are met. (5.10 to 5.12 FRS102 SORP). Legacies are included in the SoFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Gift aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift, is recognised at the same time as underlying donation and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS102 SORP or FRS102. ## **Resources expended** All expenditure is taken into account on an accruals basis in accordance with normal accounting principles. Support costs are the costs of printing and distributing a newsletter three or four times a year, other publicity material, postage and bank charges. Page 8 ## **ARAB VISION** ## **Annual Report and Accounts for the year ended 31 December 2022** ## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ ## **Resources expended** _**(continued)**_ Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. No resources were expended on governance costs in 2022 (2021: nil). When governance costs are incurred they are disclosed separately in the accounts. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable accuracy. ## **Debtors** Debtors are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. ## **Funds** The unrestricted funds are not the subject of any restrictions regarding their use and are available for the purposes of the charity, as set out in its governing document. From time to time the charity receives restricted gifts, usually in response to a specific appeal. It is the policy of the Trustees to monitor carefully the application of the funds in accordance with the restrictions placed upon them. ## **Taxation** The charity is exempt from income and corporation tax to the extent that its income is applicable to charitable purposes only. Value Added Tax is not recoverable by the charity and, when incurred, is included in the relevant costs in the Statement of Financial Activities. ## **Cash at bank and in hand** Cash at bank and in hand is held to meet short-term cash commitments as they fall due rather than for investment purposes and includes all cash equivalents held in the form of short-term highly liquid investments. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. A cash equivalent will normally have a short maturity of, say, three months or less from the date of acquisition. Page 9 ## **ARAB VISION** ## **Annual Report and Accounts for the year ended 31 December 2022** ## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ |**2 INCOMING RESOURCES**
Voluntary income:
Gifts from individuals
Gifts from churches
Grants from other Trusts
Gift Aid
**Total incoming resources**
**3 RESOURCES EXPENDED**
**(a) Charitable activities**
Grants awarded:
"Who do you say that I am?"
"The journey"
As-Siwel
Libyan programme
Christmas programme
Follow up Team
**(b) Support costs**
Regular newsletters
Subscription
Bank charges
Travel expenses
Miscellaneous
**Total resources expended**|Unrestricted
Restricted
2022
Funds
Funds
Total
£
£
£
15,620 -
15,620
180 -
180
15,750 -
15,750
1,380 -
1,380
32,930 -
32,930
10,000 -
10,000
10,000 -
10,000
6,500 -
6,500
10,000 -
10,000
-
-
-
-
-
-
36,500 -
36,500
1,049 -
1,049
185 -
185
45 -
45
727 -
727
30 -
30
2,036 -
2,036
38,536 -
38,536|2021
Total
£
15,880
135
16,970
1,370| |---|---|---| |||34,355| |||11,400
-
-
-
6,000
2,000| |||19,400| |||1,098
185
30
-
225| |||1,538| |||20,938| Page 10 ## **ARAB VISION** ## **Annual Report and Accounts for the year ended 31 December 2022** ## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ ## **4 STAFF COSTS AND EMOLUMENTS** The charity had no employees during the year (2021: nil). ## **5 TRUSTEES REMUNERATION** No remuneration was paid to the Trustees during the year (2021: nil). Travel expenses of £727 were reimbursed to one Trustee (2021: nil) ## **6 INDEPENDENT EXAMINER'S REMUNERATION** The Independent Examiner received no remuneration for the Independent Examination or other services during the year (2021: nil). ## **7 RELATED PARTY TRANSACTIONS** There were no related party transactions during the year (2021: nil). |**8 DEBTORS**
Gift Aid
**9 CREDITORS**
Sundry creditor|2022
£
1,495
356|2021
£
115| |---|---|---| |||-| Page 11 **Annual Report and Accounts for the year ended 31 December 2022** ## **ARAB VISION** ## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ |**10 FUNDS - MOVEMENTS IN THE YEAR**
Balance at 1 January 2022
Incoming resources
Resources expended
Balance at 31 December 2022
Balance at 1 January 2021
Incoming resources
Resources expended
Balance at 31 December 2021
**11 ANALYSIS OF NET ASSETS BY FUND**
Debtors
Cash at bank and in hand
Creditors|Unrestricted
Restricted
Funds
Funds
Total
£
£
£
15,939 -
15,939
32,930 -
32,930
(38,536) -
(38,536)
10,333 -
10,333
2,522 -
2,522
34,355 -
34,355
(20,938) -
(20,938)
15,939 -
15,939
Unrestricted
Restricted
2022
2021
Funds
Funds
Total
Total
£
£
£
£
1,495 -
1,495
115
9,194 -
9,194
15,824
(356) -
(356)
-
10,333 -
10,333
15,939| |---|---| Page 12