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|||||Page|
|---|---|---|---|---|
|Reference and administrative<br>details ofthe charity, its trustees|||and advisers||
|Trustees'<br>report||||3-8|
|Independent<br>Examiner's||report|||
|Statement ofFinancial||Activities||10|
|Balance Sheet|||||
|Notes to the financial|statements|||12 — 17|





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|Trustees|||Simon Howard,|Chair||
|---|---|---|---|---|---|
||||Tony Barwell|||
||||Graham Brewer|||
||||Lloyd Cheshire|||
||||Mark Dowding|||
||||Ralph Turner (resigned||12January 2022)|
||||Glyn Williams|||
|Charity Registered||Number|1162211|||
|Registered|Office||Crendon House|||
||||Westfield Road|||
||||Long Crendon|||
||||HP18 9EW|||
|Independent|Examiner||Gary Brookes FCA BScFCIE|||
|Bankers|||The Co-operative|Bank|pic|
||||PO Box50|||
||||Skelmersdale|||
||||WN8 6YL|||
|Solicitors|||Anthony<br>Collins,|Solicitors||
||||134Edmund<br>Street|||
||||Birmingham|||
||||B32ES|||





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||||Restricted|Unrestricted|||
|---|---|---|---|---|---|---|
||||||Total Funds|Total Funds|
||||Funds|Funds|||
|||Notes|2022|2022|2022|2021|
|||||f|f|f|
|Income from:|||||||
|Donations||4|71,807|300,188|371,995|525 380|
|Total Income|||71,807|300,188|371,995|525,380|
|Expenditure<br>on:|||||||
|Charitable<br>Activities|||75,830|262,263|338,093|471,589|
|Raising funds||||36,641|36,641|38,811|
|Total Expenditure|||75,830|298,904|374,734|510,400|
|Net (Expenditure) /Income|||(4,023)|1,284|(2,739)|14,980|
|Reconciliation offunds|||||||
|Total funds brought|forward 1April 2021||22,532|87,879|110,411|95,431|
|Total funds carried forward 31March 2022|||18,509|89,163|107,672|110,411|





|||Notes|2022||2021||
|---|---|---|---|---|---|---|
|Current Assets|||||||
|Cash at bank and in hand|||124,995||136,139||
|Debtors|||||||
|||||124,995||136,139|
|Creditors: amounts falling due within one year||||||(25,728)|
|Net Assets||||107,672||110,411|
|Charity Funds|||||||
|Restricted|Funds|||18,509||22,532|
|unrestricted|Funds|||89,163||87,879|
|Total Funds||||107,672||110,411|





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|Note 2|Accounting<br>policies|Accounting<br>policies|
|---|---|---|
|Recognition of|income|Income is included<br>in the Statement ofFinancial Activities<br>(SoFA)when:|
|||the charity becomes entitled to the resources;|
|||it ismore likelythan<br>notthat thetrusteeswill<br>receivethe resources; and|
|||the monetaryvaluecan<br>bemeasured<br>with sufficient<br>reliability.|
|Grants and donations||Grants and donations<br>are only included<br>in the SoFAwhen the general income recognition|
|||criteria are met.|
|||In the case ofperformance<br>related grants, income is only recognised to the extent that the|
|||charity has provided the specified goods or services as entitlement<br>tothe grant only|
|||occurs when the performance<br>related conditions<br>are met.|
|Legacies||I egacies are included<br>in the SOFA when receipt Isprobable, that is, when there has been|
|||grant ofprobate, the executors have established<br>that there are sufficient assets in the|
|||estate and any conditions attached to the legacy are either within thecontrol<br>ofthe|
|||charity or have been met.|
|Tax reclaims on|donations|Gift Aid receivable is included<br>in income when there is a valid declaration<br>from the donor.|
|and gifts||Any Gift Aid amount<br>recovered<br>on a donation<br>isconsidered to be part ofthat gift and is|
|||treated as an addition tothesamefund<br>asthe initial donation<br>unlessthe<br>donor orthe|
|||terms oftheappeal<br>havespecified<br>otherwise.|
|Donatedgoods||Donated goodsare measured<br>at fair value(theamount<br>for which theasset could be|
|||exchanged)<br>unless impractical to do so.|
|||The cost ofany stock ofgoods donated for distribution<br>to beneficiaries<br>isdeemed to be|
|||the fair value ofthose gifts at the time oftheir receipt<br>and they are recognised<br>on receipt.|
|||In the reporting<br>period in which the stocks are distributed,<br>they are recognised<br>as an|
|||expense at the carrying amount ofthe stocks at distribution.|
|||Gifts in kind for use by the charity are included<br>in the SoFA as income from donations|
|||when receivable.|





|Challenge|Challenge|Ministries|Ministries|Swaziland|Swaziland|Swaziland|UK|||
|---|---|---|---|---|---|---|---|---|---|
|forthe year ended 31March 2022||||||||||
|Notes to|the||accounts|(continued)||||||
|Note 2 (continued)||||||||Accounting<br>policies||
|Donated|services and|||facilities||||Donated servicesand<br>facilities areincluded<br>in theSOFAwhen<br>received||
|||||||||atthevalueofthegift<br>tothecharity<br>provided thevalue ofthe gift can||
|||||||||be measured<br>reliably.||
|Supportcosts||||||||The charity has incurred<br>expenditure<br>on support costs. Support costs||
|||||||||have been allocated between<br>governance costs and other support.||
|||||||||Governance costs comprise<br>all costs involving<br>public accountability|of|
|||||||||the charity and its compliance with regulation<br>and good practice.||
|Volunteer||help||||||The value ofany voluntary<br>help received is not included<br>in the accounts||
|||||||||but isdescribed<br>in the trustees'<br>annual report.||
|Liability|recognition|||||||Liabilities are recognised<br>where it is more likely than not that there is a||
|||||||||legal orconstructiveobligation<br>committingthecharityto<br>payout||
|||||||||resources and the amount<br>ofthe obligation<br>can be measured<br>with||
|||||||||reasonable certainty.||
|Governance|||and supportcosts|||||Support costs have been allocated between governance costs and other||
|||||||||support.<br>Governance costs comprise<br>all costs involving<br>public||
|||||||||accountability<br>ofthecharity<br>and its compliance<br>with regulation<br>and||
|||||||||good practice.||
|Grants with||performance|||conditions|||Where the charity gives agrant with conditions for its payment<br>being|a|
|||||||||specific level ofservice or output to be provided,<br>such grants are only||
|||||||||recognised<br>in the SoFAonce the recipient ofthe grant has provided the||
|||||||||specified service oroutput.||
|Note 3||||||||Keyjudgementsand<br>assumptionsconcerningthe<br>future in applying||
|||||||||the accounting policies||
|Donations||received relating to||||Mission||Impact trips planned<br>for after the year end have not been recognised<br>as||
|income.|Given the impact||||ofthe COVID|||19pandemic,<br>trips have been cancelled or postponed<br>so it has been||
|assumed|that||these donations|||may|need|to be repaid after the year end.||





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|Note 4<br>Donations|||||||
|---|---|---|---|---|---|---|
||Restricted|Unrestricted|Total|Restricted|Unrestricted|Total|
||Funds|Funds||Funds|Funds||
||2022|2022|2022|2021|2021|2021|
||f|f|f|f|f|f|
|Child Sponsorship||1D6,566|106,566||97,076|97,076|
|Donations and gifts|69,378|150,599|219,977|39,124|344,634|383,758|
|Gift Aid|2,429|43,023|45,452|1,170|43,376|44,546|
|TOTAL|71,807|300,18S|371,995|40,294|485,086|525,380|



|||||Restricted|Unrestricted|Total|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds||Funds|Funds||
|||||2022|2022|2022|2021|2021|2021|
|||||f|f|f|f|f|f|
|Funds transferred||to Swaziland||71,253|230,773|302,026|42,282|403,146|445,428|
|Mission Impact||||||||(7,132)|(7,132)|
|Shippingcosts|||||4,641|4,641||3,480|3,480|
|Support Costs(Note 7)||||4,577|26,849|31,426|2,777|27,036|29,813|
|TOTAL||||75,830|262,263|338,093|45,059|426,530|471,589|
|Note 6|Expenditure||on raising|funds||||||
|||||Restricted|Unrestricted|Total|Restricted|Unrestricted|Total|
|||||Funds|Funds||Funds|Funds||
|||||2022|2022|2022|2021|2021|2021|
|||||f|f|f|f|f|f|
|Staffcosts|||||36,538|36,538||38,721|38,721|
|Marketing|and event costs||||103|103||90|90|
|TOTAL|||||36,641|36,641||38,&11|38,811|





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|Note 7<br>Support Costs|||
|---|---|---|
||2022|2021|
||6|6|
|Staffcosts|15,290|13,635|
|Office costs|2,088|12,958|
|Travel and subsistence costs|288||
|ITConsultancy|4,500||
|ITcosts|6,315|2,430|
|Governance costs|2,945|790|
|TOTAL|31,426|29,813|



|Note 8<br>Creditors: amounts falling due within one year|||
|---|---|---|
||2022|2021|
||6|6|
|Deferred income|16,370|20,702|
|Taxation and social security|860|521|
|Other creditors|93|4,505|
||17,323|25,728|





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|Note 9<br>Funds|||||||||
|---|---|---|---|---|---|---|---|---|
|||||Balance at||Transfers||Balance at|
|||||1April||to|Allocated|31March|
|||||2021|Income|Eswatini|costs|2022|
|||||||6||6|
|Restricted funds|||||||||
|Mhlanghatane|ln Community,||ByCommunity|20,134||(20,134)|||
|Mhlindazwe<br>ln|Community,||ByCommunity|500|900|(1,260)|(140)||
|Water pipeline||||982|120|(900)|(82)|120|
|Borehole|||||13,660|||13,660|
|Solar lighting|||||7,187|(6,925)|(262)||
|Phephile<br>leg|||||766|(766)|||
|Potters Wheel|||||23,000|(19,800)|(2,200)|1,000|
|Ward support|||||4,725|(4,253)|(472)||
|Men's Centre|||||650|(495)|(55)|100|
|Women's Centre|||||1,881|(1,316)|(94)|471|
|Tertiary education||support||766|15,497|(12,799)|(1,204)|2,260|
|Provision ofpresents||||150|462|(544)|(68)||
|Medical<br>Emergency||Fund|||157|||157|
|Shoes for Orphans|||||2,802|(2,061)||741|
|Total restricted|funds|||22,532|71,807|(71,253)|(4,577)|18,509|
|Unrestricted<br>funds||||87,879|300,188|(230,773)|(68,131)|89,163|
|Total funds||||110,411|371,995|(302,026)|(72,708)|107,672|





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|Note 10<br>Analysis ofnet assets bet|ween funds|||
|---|---|---|---|
||Restricted|Unrestricted|Total|
||Funds|Funds|2022|
||||E|
|Debtors||||
|Cash||124,995|124,995|
|Liabilities||(17,323)|(17,323)|
|Net assets||107,672|107,672|
||Restricted|Unrestricted|Total|
||Funds|Funds|2021|
|||f|f|
|Debtors||||
|Cash|22,532|113,607|136,139|
|Liabilities||(25,728)|(25,728)|
|Ne't assets|22,532|87,879|110,411|



## 

||||Restricted|Unrestricted||
|---|---|---|---|---|---|
||||Funds|Funds|Total|
|||Notes|2021|2021|2021|
||||f|f|f|
|Income from:||||||
|Donations||4|40,294|485,086|525,380|
|Total income|||40,294|485,086|525,380|
|Expenditure<br>on:||||||
|CharitableActivities|||45,059|426,530|471,589|
|Raising funds||||38,811|38,811|
|Total Expenditure|||45,059|465,341|510,400|
|Net income/(expenditure)|||(4,765)|19,745|14,980|
|Reconciliation<br>offunds||||||
|Total funds brought|forward 1April 2020||27,297|68,134|95,431|
|Total funds carried|forward 31March 2021||22,532|87,879|110,411|