t heb ffipi
kdrL&*9 tsÈk¢rs, I￿r ¢•Èhers
TrusEees' Re
tsrE
Tke ErusEees Fres£￿E Ekeir re
ArrlL 202$, The FLh(x￿¢L1A
eriod 6" AprLL ZOZ4
°PPe￿a¢a.
or period &r£
The Ert4sEo<s k&ve &do Eoa Eke Provisio￿s of
of R£cornThehaed Fr&cÈice (SORP) "AccotthEitrI9
RerorEihg for Ck&riEi£s" Issuea M<krck 200S.
orE for Eke
re￿ce DeE&iLs
Heb FfiK (WiEhouE Fro￿￿Ler)
R<g¥Stered IIS79+7
Address:
33, Ty Dr(k¥J Ro¢Aa, Pth LtxK, Cardiff, CF23 SH8
TrusÈee$'.
ick Davis, RuÈk D&vis, NL9<L H(xrris
WesÈ, 96 Quee￿ SEreeE, C￿TaLff, CFIO 2GR
SErucÈure, GoveMt%Kco
Heb Ffi￿ w)fAS <sELkbLisked as (x fou￿￿¢￿&L0￿ CkariE&bLe Ihcorror&Eea
Or91A￿Ls(KELo¥l, reg¥sÈorea 22 JULY 201+ cO￿SEL￿￿E￿o￿ as
SkouLd &rise, ErusEees *)iLL be (xp
*aO ye¢xrs b Ek< £xisEiki9 ErusEeos Eokitrt9
OL￿￿￿￿ for fx EerTh
LhdLvid￿L'S re
ULL (kccouhE of Eke
eVQbtE skiLLs IthowJLeage Qxrerithce. A￿>
ro
[F Fri￿tel Er¢AL￿e￿ resFecE of Ek£ir
ohsibiLiÈies E
rroce&4res of Eke ck¢AriE
SEC
The ck&riE aoos ￿0￿ eThr y y ff (A￿& is &arnihis&eroa by
ILcl< b&vLs.
DecLsL0￿S LK rospecE of grahEg b*2 &wY¢krdod &re
FriodLC vMeeÈih9S 4>here appLic¢xE4Dbts received &r¢
review)od discussed by (&LL Eko Ert4sEe£s.
IE is cohsi&roa Ek¢kE Eke ck(&riE
buE Ekis is cohEL￿￿LLY reVie￿￿a txbtd s
is exposd Eo rnthjor risks,
ouLa ¢Xhy suck be idehEi
iELgoELkI9 procodures ￿LIl be devised Lim
Lea,
res
FA9e I

theb ffi
ob ecE¥vos AcEivttLos
Tke objecEs os ibtcLuaea Eke coktsEiEuEiO￿ of Heb Ffikt ¢%re.'
l. Tke prevehEioh or reLief of poverEy ￿￿￿tre Eke ￿)￿rLd
Frovidibig 9r&hEs, iEerns, ErLkiKih9 services Eo
ihaLVL&(kLs
teea or
ck¢xriEies
or
oEker
or9(x￿LS&ELD￿S ¥aorkih9 Eo FrevthE or reLi£ve
overE
Proviaihg or ¢kSSisEL￿g Eke Frovisioh c>
ErrAi￿L￿gI kerALEkcfAre rrojecès ¢xLL Eke heCesS￿rY SUFporE
aesL9h£a Eo ehabLe LhaLVLau&Ls Eo ge￿£r•I￿O <k susE¢&ihf&bLe
iKCOVMe bo SeLfrsuffiCLo￿￿.
2. The tXav&￿CCl￿e￿E of Eke ChrisEi&h reLigioK by
St4piorÈihg Imi￿LS￿er￿thL ¢xcELVLEies ¥Jkoro kn)orLa,.
Prov￿O￿l￿*9 fyiihis&eric&L L￿Y Er<kihih9 for thi￿LS&￿rS
rviihisEeri(kL SEud£￿ES.
IE kfAS beeh rAgreea by Eke ErusEees Eo focus W(ALes tkha Afric*X
suck Ek&E, pr<AcEic<, Eko obJ￿ELveS usea ih &SS<SSihg gr&￿E
rAppLic¢xEiohs &r£:
l. Tke AavIx￿¢QTh￿￿È of &ke Ckr¥sEi¢xK r£LigLO
£xcLusiv<L
IhiEi(kEives ihvoLviKg eV(i￿geLLS￿iC <kcELVLEi£s srreaa
90S
eL Thess(k9e WrALes, 14iEk
OCUS SouEk WrALes
s NrfAL disEricEs,
Tke FroThoEio￿ of Eke gosFL EosEer
Europo Ekrougk rnLSsLo￿ pfoJecEs rA￿a Co￿fere￿ce$.
2. Yk¢ ReLief 4 PoverE
ih Eke UK
FthrELcuL￿r ev
kasis +kn)LLL
be pL&c<a WoLsk rrojecEs ¥Jkick Eke CkrisEicKh f¢xiEk is
È14re>uJ14 rrcke&¥e4xL
eed Eke foLLO￿L￿g c¢kEegories:
HovMeLess,
Dru9 deFe￿a£￿c
• Ex-
ers
Tr(xfficked or sex￿lLY exFLoiEed F PL£.
3. fke ReLief of PoverE
Afric
lEi￿&￿V£S ihvoLvih9:
F&rEiCuLcKrLyi
rixrEict4L&rLy CkrisEi(x

thcb ffi
heLrlh9 oèhvs, hdr C>Eherg
ProjecEs Eo iThprove k£&LEk or ￿ddresS ke&LEk issues,
Eauc&Eioh of ckiLdr£h FrofvsSwh￿l £aucaEioh,
SupporE for r￿iCrO-bU$￿h£ss￿S Eo thcouro9e s£LFsusEaikiik19
COIMYMiitriiEies.
As deE￿Lled Eke objecÈs, Meb Ffi￿ ￿ilL oktL
fUhaL￿9 Èo I%￿a ckeAriÈi￿ buÈ &Lso
surrorE.
Les w>kere Ekis boeh rrovLded i￿cLude.
AsSisE&￿ce 4)iEk Eke seEEih9 up odThihisEr¢xELo
ck¢xriEiu,'
SErf&Èe9ic pL(kKhiKg for cktxriEies,'
oviae
Vice tXSSisErAKce
Cx(k
Fih(XbiciaL £x(XrnihthEiohS for ck&riÈies.'
Desigh of Ch￿ri￿LIbLe rrojec& eVaL￿E￿O
VMeck&￿islMs &CtxaerniC fvtXvMo￿tsrk,.
ProjecE rnehEtsrihg.
Per
As previous years, Èke ErusEees ihÈeKaea Eo rn<kiktE¢kih brts¢xa
&erThs of Eke huymber ¢lThou￿E of grO￿&S
cl￿)({ra£a. DeEaiLs of 9r(&￿ES ¢%w>Araed ore sd OUE Eke hto&os Eo
Eke ¢kccouhEs.
Duri￿5
£cKr Eke v4siEs 4 Eke En4sE£es Èo ¥4er<
cohsEr<xih
ibtvoLveM£KE Loc¢xL ¢&cELVLEies ¢kLEkou9k progress
f proj£cÈs Ekere w>tXS MQhiÈor£a rerrtoÈeL
Hok4everJ
sever(xL
skorEer VLSLES èo otxsEern £uroF£ Fro￿￿ Fos£
L£ PoL¢kKa
further Ih)&S ¢k¢4arded Eo Africah ￿￿T￿l Tr(li￿erS ¥Jhich is
Er￿￿*SL￿EL￿g Èraihih9 rnfAEericKLs LocaL L4XhgUa9eS Eo d£veLo
Èke caprAbiLiE
d Eraihih9 of L<>ctkL posÈors LK Kehy&.
Heb Ffi￿ cohÈitriud Eo surrorE Eke ￿tsr￿ of Èke Forurn 4 CkrisEiQ
Le(kaers ￿kick org(ihises ¢kKa fih(k￿Ces Eke £uroF£&h Le¢Aaerskip
Fort4rn ty)kick SUFrorÈs Ek£ MC￿L$ErY of CkrisEi&kt Letxaers E&sEer
Curope.
Pthg

theb ffi
kdpL**9 tsÈkers, I￿1 oÈker9
Progress of oh9oi￿3 vM&jor projec&s foLLO￿)S.
8uSt*￿9 t&* MkLe
GrtxhÈs ￿ere &4>thraea Eo
DeveLo
coveri￿9 rA few) i￿L
i&Eives
Ch￿Lk Tri¢Akih9 bUSi￿eSs
Lo for 4>¥a0￿s.
rrovL& ernr y
?¢￿9(A,
or9[A￿Ls&&i0
ihCLU&￿g
Eo
Loahs k¥)ere th9<xL￿ ThrAae Eo Zul<uk& 8or& tx
coffee covmr y pera&ihg RLa9e
r Mb¢kLe, supporE Ekeir &cELVLEies.
rovided for Eke
<KiLori￿9 ￿>OrkShO
Nckuyrt4
CAssOciaELO￿ *th)iEk Goskeh FaiEk
MihisEries
k£kVe
resuLEed
exceLLehE f&ciLiEies ￿}￿[Ch w)iLL
skorELy be occupied.
buiLaih9 of
for
Supptsrè for & ctsthrrtuKLèy prtsiecè ￿ ALbth
The ErusÈeos sever(xL Eri
s Eo
souEher￿ ALb￿￿L& Eo su
orE AXLOS
ew> eV(A￿SeLl5￿lC yojtc
providi￿9 ￿c￿LVLE
DeLvL￿£ by
Ou￿9 peopLe
a emp for
covviTriuhiE
krou9k
coffve EroiLer
TrirAL￿E<￿¢A￿cQ ￿OrkShO
FAge +

tkd) ff
hdplk9 tsU*r3, hdr tsÈker3
Oèker ¥Jork LK the pr
Pr&cEie(xL <kSSis&<Kktce k•XS <kLsc> bee￿ pfovLaea c
Ihde
FLhfAhCL(kL
for Loc&L ckurc
i￿8 Qt4E
es ¢kha
ck(kri
LQS &S ￿)eLl as pMoKEorih9 for L£oders of CkrisEioK MLbiisEr￿s,
GrrAhEs of ei9kEy-five
ouhds ￿ere &￿ra£a ThosEL Eo
ck¢%fiEi<s ￿)￿rki￿3 sub-S<lk(Ar¢x￿ Afric(x, SouEk £¢As
Qr
£uro
Ih ￿daL'EiO￿, subsEaKEi¢kL *¥ere Eo r iecEs
f&ciLL&(&&e Ekeir oper&Eioki fAha exP&KS￿￿.
ro
ALEkougk Eke ckfAriEy receivea LthELe Èke currehE
Eke c￿sk reserves roTh(AiK subsE&KEiaL.
ear
PL¢XhS
or FuÈure PerLods
IE LS L￿￿e￿a£cl Eo cOKEL￿tIO Eo
Lihe gl4LaeLi￿¢s seÈ QUE by Eke
rusE£￿.
As ￿0E£d (xbove
Ekoso (kro LikeLy Eo be Eo ck&riEi£s W(xLes, Africa
£&SEer￿ £uroF for Eke propmoELo￿ of hUm￿￿LEarL¢1h ¢xha CkrisEi(x
IALTrIS.
VOjecE-3PeCLfLC 9r&KEs itrt
The Erus&e£s cO￿￿l￿￿e Eo
offor provide
rrofessioh(kL <AsSisE(x￿ce tkavice Eo for rr
ersoh&L
Os <xha
ch￿riE￿S 44kere Ekis is f£9ULrea. TkLS is Lik£L Eo iKvoLve vmore
rEherskip ¢Irr￿￿9￿me￿￿s 14)kere Ert4sEees &r£ ohce ¢X9txiK <kbLe
viSiE b£covM£ ihvoLvoa FrArEhtr org¢%histxEiohs Eo L4kick
9r(khEs Lo¢L￿s fAre p&rEicuL&rL
Africth <A￿a ALb<khi&,
Tke ErusEees coKfirtri Èk¢kE Eke
k&ve refvrrea Èo Eke gULa￿￿C<
CohE&L￿ed Eke CkoriEy CovVIYMiSSioK's ge￿￿r¢lL 9uiaèk￿ee Pubi.
Le
lrtefit revL£¥4LKg tke TntsE's ¢lirnS c>>Jectives (A￿￿ i
fuEure (xcELVL&ios.
Reserves POL
As Ekere &r£ recurrih9 overke&d cosEs required Eo &ko
ckoriÈ , Eke ErusEe<s Glo KOE CO¥isid£r LE ￿£¢£s5￿￿ Eo r£E¢kitri sFcific
reserves.
Po9e

theb ffi
hdrLK9 oÈk<r9, hdr ¢>&hers
tsf TrusÈoo's ReswLbLLLÈks
rke ErusEees are resFohsibLe for pre
ri￿9 Eke ReporE of Eke TrusEees (khd
ke sE&EernekKEs (Iccor&￿te w)i&k
Lic&bLe U￿L￿e&
Ki￿9￿0￿￿ G£her￿LLY Acc
Eea AccoUhEi￿s Prac
Tke orFLieabLe Eo ¢knriEies Wales, Eke CknriEies Ac&
Zoll, CkoriE (Accot4h&s ReporÈs) Regul￿EL0￿$ 200* Eke
provisio￿$
cohsEiEuEiO￿ re9ULres &rusE<es Eo pr¢p&re fi￿¢1￿CLI￿L
Eke sE&Ee
or e&ck fih(ihCL&L year ￿KiCk gLve & Erue fair Vi¢K4 of
LI￿a of Eke i￿Co￿ll￿g resources
LicaEio
resources, ihcLuaLhg L￿coNc expthaLEur£,
riEy for FrLod. pre
ri¥t9 Èkos
ÈrusEees ￿re re914Lred Eo:
SeLocE SuiE¢kbL< fAccouhEihg Polici￿ <kppL &kev
cOkiSisEe￿￿L
observe Eke The&koas FrihCLpLes of Eke CkfAriE SORP,.
M¢%ke esEivM¢xEes ¢%re reasoh¢K
Le
Prepore Eke fih&KcioL Eke goih9 c0￿ceN basLs uhLess
i& is i￿￿PproPriC￿￿e Eo Fresurne &ke ck&ri&y k%)LLL cohEihue i
busihess.
The ErusÈees LKre res10￿sibLe for keepiK9 &ccouhEi￿9 records L4kick
discLos¢ ￿LE￿ refAs0￿&bLe Accur&c ¢K& EiThe Eke fi￿&￿ci￿l
osi&ioh of
Eke ckariÈ
co
k Eke ChfxriÈies ACE 2011, Eke GI￿￿ri&Y (AccouhEs ReForÈs)
Re9uL¢%Eio￿s ZOO9 Eke provLSLOhS of Eke coblsEiEuEio￿. Tk
¢%re ¢ALso
respoKsibLe Sor s&fosuardihg Eke thssoEs 04 Eke ckariE
E￿I<L￿9 r£&s0￿￿bLt sE<rs for Eke vrev<￿E￿o￿ a£EeCEi0￿ of fr￿￿￿
oEker irre9uLari&ies.
As ibtcoTh£ Eke cUrr<￿E y¢Ar beLow Eke Levd r£guirih9 <k
Cx&ThiK&EioK, ErusÈees k(kve aeciaea Eo forego cl￿￿
Ekis Eke futytas Ekf%È Ekis ￿O￿La eK&aiL for
ck<kriÈAbLe ￿cELVLEie$.
The &rusEees decL&re Ekey k&ve &pprovea Eke Erus&ee's re
sl9￿ed b£k&Lf of Eke Erus&ees
orE above.
lo￿6
ick Davis
F&9£ 6

tkeb ffi
kdptS*9 ¢>È14ers, kdp o&<rs
+Wi￿CK￿CLoL SÈoÈevMohEs
fvr YUT ArTIL
VoL4btEthry [￿cOMe
XhÈ4wE Tt¢eLv
22
TOW Xh¢omlKs Re*>urcts
+,63
22
AeELv(ÈLt5
¥+,906
116
Y+,9ts6
116
139,97%
134
TotoL RegouKes Exwd
1+0 iii
eE 1￿Come ExFwdAÈure
1,1+6
1,1+6
I,Z51
#E rnoVeth¢¥*Es fvhdj
Tc>E&L fv￿a3 fvTraard
1+3
I,111,S66
1,112,689
I,zs+,o+o
1+3
1 030 927
I OSI 070
1 112 699
a• AprfL
DebEors
1,074
165,925
171.25ts
76,rn
872 +43
1,120,+72
1033,3%1
fvLL(￿9 dut wiEK(￿ i pr
20
1 112 699
I OS3 361
J J12 4C)O
143
1 030 927
149
1 112 SS6
1031 070
1 112 699
Tkeso 44ere 1> Eke 8oAra 4 TrusEees o
6 *th)ere sig￿e& LÈS
dick

t heb ffim
keLP1￿9 tsÈkers, keLp dkerg
tsÈes Èo Èke fvr Èhe porltsa thaed
Aprll Z026
, ￿[3 4 prerrtK9
Tke ErusEees
ve A¢￿￿Lf¢e￿ th￿￿er￿llI uKcerÈaihEies Ek&E
y c¢ksE sLgkiific&￿E cloubE <kbouE Eke LKbiLiEy 4 cknriE Eo
¢XS a goitr19 c0￿ceN.
TkereSor£, Èke li￿11￿cL&L s&LkEevMeKEs kckve beeh pr<p&red
90ih9 ¢OKCer￿ b&sis.
b, Accoub*èlx9 co¥*ve¥AèL¢
Tke fihcKhci¢xL sE¢xEeMehEs kave beeh pre
kisEoricfAL cosE COhVe￿Elo￿, Eke exce
i￿V£S&￿t￿ES ￿kicK (Are ihcLuaea ¢AÈ V￿L￿￿,
fAccor&hce ￿liE￿ Eke Fih&hcirAL RerorEifvi9 SE¢xha<xra for
SvMthLLer ChEiEi<s (£f4ecEiv¢ AFriL 200%), Ek£ CkfAriEies ACE
Zoll Eke re9uirome￿Es 4 Eke SErAEeThehE tsf
fteCovMvMo￿de￿ FrrA¢Eic< (200$), AccouhEih9
ReporEihg by CkcKriEies.
rea uhaer
ALL i￿cO￿L￿N9 resources ￿re L￿CLl￿<& SE¢xEernektE o
ik1th￿cL(kL ACELVLELQS Eke ck(xriEy is Le9&LL
Eo r￿OI￿rCeS Eke be 9￿￿￿ .
re&S0￿￿bLe ￿Ccl1rfAC
)iEk
IhCoThi￿s resotlrces r£cL(XirnS <kre ihcLuaea ib
SOFA as Eke 9LfE Eo +Akick Èke
reLaEe.
Restsurces expohad
£xFehaiEure is (kCcoU￿&ed for &ccru¢xLs b(XSiS
￿￿5 bee￿ ocCou￿￿ed for ￿￿￿er ￿99r<9￿￿e
¢ALL cosE reL<&EL￿g Eo Eke C¢%Ee90
, CtssE tsf fv
CosEs of 5£￿er¢￿EL￿g fu￿aS covmprise Ekose cosEs airecEL
LIEEribuEabLe Eo r¢KLSikt9 ftthds &krou9k ¢xcEiviEies,
, ctssèg
Page

tkeb ffi
hdrl&*9 oÈkerg, kdp tsÈker$
G0verkt(%￿ce cosEs ibtcLuae LlirecE reL&Eea SurrorE
cosÈs reLaEitrig Eo Eke 9OVern(k￿c< l￿fr&s￿r￿cEUre (ALLO￿li￿9
Eke ckLKriE Eo 9eher&Ee ihforthfAEioK re9ULrea for rubLic
Ccou￿&(￿biliE
Tke ckariE
cEiviEios.
LS eX£VVlFE from È(xx LES ck(kriE(AbLe
u￿r<S￿riCEed fuhas C¢%K be used txccord&hce Ek
ck(xriEfkbLe objecÈives Eke discreèioh of Eke ErusEees.
ResEricE£d fl￿￿$ ohL be used for pArEicuL¢kr
resEricEea purposes ￿>LEhi
ke objecEs of Eke ck&riE
ResEricÈiohS orise SFeCLfiea by Eke clohor or
as fAr£ roisea for F&r&icuLor wEricEed purposes.
Th£ resEricEed fuhd reLtxEes Eo Eke rnofviey received frov
Eke W£Lsk GoverhThehE ih respecE of Eke u9¢xKa&￿* Nurse
Leaaerskip DoveLo
ProjecE.
Tke g£h£r¢kL &cELVLEies cosE ¢xLL reL&Ees Eo gra￿E$
Ye&r Èo OS
2S
I￿aLViat￿LS
orEi￿9 M&rv<Ls
I GyThr
ChiLare￿ of Rw)fxharA
10,000
s,000
+,000
3,$00
10,000
3,000
11,490
10,000
10,000
1,000
1,917
10,oco
2,000
1,000
£ver9r££ki
A$riCrA￿ Rur&L TrtxiKers
Axios MihisEri
Sou&ker￿ ALb￿b￿LiA
Lckrdiff CLE MiSSiOki
Mercy CcKraLff
ForuTh of CkrisEifXh Le￿derS
I￿￿erC(kre
Ric{L￿9 for Dis&bL£a
TkefyiboLisk(k UK
ToÈ¢xL
rfAKEs
907
P49e 9

theb ffi
koLpLwi9 èèkerg, hdp oèkerj
kver&L ye*xfs ￿9￿, Eke ckfAriÈ
Lso LorA
roxinfjfAEoL £40,2+6 Eo Goskth SchooL SoroEi, 09&￿a
ick Èo
e repALa over 3 ye&rs. SeverfAI re
tx IMe￿￿S ￿ere
ex
fu￿aS f
rrovia£ furEker
or ex
sioh.
kave
rece￿ELY r£sE(xrEea. The is rev(kL￿a Eke b(aLa￿ce skeeE
A Lock￿ of £Ioo,ooo Eo 8or(&
Ix socirAL
ehEerprise coffee comp y ih Mb&Le U9¢A￿& Eo fvbta L￿-
eckr
*th>orkiK9 CfApLE&L requir£rnehEs. Tkis repe&& o
KrLier Lo¢kK Èo cover Eke S¢kwM£ reguirevviehE - Èke VJCXS
fuLLy rep(xd ¢KfEer Ek£
e<kr thd.
Heb Ffih kfAd previousL
Ro(KsÈers, o SOCioL ohEerpriSQ b&s¢a Car&ff rLts ikig
Survivors o
ErcK
reF<kia.
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