2023-03-31-accounts - Challenge Ministries UK

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

			Restricted	Unrestricted
			Funds	Funds	Total Funds	Total Funds
		Notes	2023	2023	2023	2022
			E	E	E	E
Income from:
Donations			72,478	339,408	411,886	371,995
CharitableActivities				16,628	16,628
Total Income			72,478	356,036	428,514	371,995
Expenditure on:
CharitableActivities			82,306	298,138	380,444	338,093
Raisingfunds				57,174	57,174	36,641
Total Expenditure			82,306	355,312	437,618	374,734
Net (Expenditure) /Income			(9,828)	724	(9,104)	(2,739)
Reconciliation offunds
Total funds brought forward	1April 2022		18,509	89,163	107,672	110,411
Total funds carried forward	31March 2023		8,681	89,887	98,568	107,672

		Notes	2023		2022
					5	5
Current Assets
Cash at bank	and in hand		114,362		124,995
Debtors
				114,362		124,995
Creditors: amounts falling due within one year				(15,794)		(17,323)
Net Assets				98,568		107,672
Charity Funds
Restricted Funds		10		8,681		18,509
Unrestricted	Funds	10		89,887		89,163
Total Funds				98,568		107,672

Note 2	Accounting policies	Accounting policies
Recognition of	income	Incomeisincluded in theStatement ofFinancial Activities(SoFA) when:
		the charity becomes entitled tothe resources;
		it ismore likely than not that the trustees will receive the resources; and
		the monetary value can be measured with sufficient reliability.
Grants and donations		Grants and donations are only included in the SoFAwhen the general income	recognition
		criteria are met.
		In the caseofperformance related grants, income isonly recognised tothe extent that the
		charity has provided the specified goods orservices as entitlement tothe grant only
		occurs when the performance related conditions are met.
Legacies		Legacies are included in the SOFA when receipt isprobable, that is, when there has been
		grant ofprobate, the executors have established that there are sufficient assets in the
		estate and any conditions attached tothe legacy are either within the control	ofthe
		charity or have been met.
Tax reclaims on	donations	Gift Aid receivable is included in income when there is avalid declaration from the donor.
and giRs		Any GiR Aid amount recovered on adonation isconsidered to be part ofthat gift and is
		treated as an addition tothe same fund asthe initial donation unless the donor	or the
		terms ofthe appeal have specified otherwise.
Donated goods		Donated goods are measured at fair value (the amount forwhich the asset could be
		exchanged) unless impractical to do so.
		Thecost ofany stock ofgoods donated for distribution to beneficiaries isdeemed to be
		thefair value ofthosegiftsat thetimeoftheir receipt and they arerecognised	on receipt.
		In the reporting period in which the stocks are distributed, they are recognised	as an
		expense atthe carrying amount ofthe stocks at distribution.
		Gifts in kind for use bythe charity are included in the SoFAas income from donations
		when receivable.

Note 2 (continued)	Note 2 (continued)		Accounting policies
Donated	services and facilities		Donated services and facilities are included in the SOFA when received
			at the value ofthe gift tothe charity provided the value ofthe gift	can
			be measured reliably.
Support costs			The charity has incurred expenditure on support costs. Support costs
			have been allocated between governance costs and other support.
			Governance costs comprise all costs involving public accountability	of
			the charity and its compliance with regulation and good practice.
Volunteer	help		The value ofany voluntary help received is not included in the
			accounts but is described in the trustees' annual report.
Liability recognition			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 ofthe obligation can be measured with
			reasonable certainty.
Grants with performance		conditions	Where the charity gives a grant with conditions for its payment being a
			specific level ofservice or output to be provided, such grants are only
			recognised in the SoFA once the recipient ofthe grant has provided
			the specified service or output.
Note 3			Key judgements and assumptions concerning the future in applying
			the accounting policies
Donations income to	received relating to Mission impact trips planned for after the year end have not been recognised as the extent ofcontributions received in excess ofcosts incurred up tothe year end, as these amounts
may need	to be repaid after the year		end iffor any reason a planned trip did not go ahead.

Note 4 Donations
	Restricted Funds	Unrestricted Funds	Total	Restricted Funds	Unrestricted Funds	Total
	2023	2023	2023	2022	2022	2022
	f	f	f		f
Child Sponsorship		99,198	99,198		106,566	106,566
Donations and gifts	69,203	200,728	269,930	69,378	150,599	219,977
Gift Aid	3,275	39,482	42,756	2,429	43,023	45,452
TOTAL	72,478	339,408	411,886	71,807	300,188	371,995

Note 5	Charitable Activities
		Unrestricted	Unrestricted
		Funds	Funds
		2023	2022
			f
Mission	Impact	16,628

				Restricted Funds	Unrestricted Funds	Total	Restricted Funds	Unrestricted Funds	Unrestricted Funds	Total
				2023	2023	2023	2022	2022		2022
					E	E	E	f		f
Funds transferred to Swaziland				76,795	243,434	320,229	71,253	230,773		302,026
Education	fees paid			310		310
Mission Impact					14,645	14,645
Shipping	costs				4,550	4,550		4,641		4,641
Support Costs (Note 8)				5,201	35,509	40,710	4,577	26,849		31,426
TOTAL				82,306	298,138	380,444	75,830	262,263		338,093
Note 7	Expenditure	on	raising	funds
				Restricted Funds	Unrestricted Funds	Total	Restricted Funds	Unrestricted Funds		Total
				2023	2023	2023	2022	2022		2022
				f	E	f	E	f		f
Staffcosts					34,984	34,984		36,538		36,538
Marketing	and event costs				22,190	22,190			103	103
TOTAL					57,174	57,174		36,641		36,641
Note 8	Support Costs
						2023				2022
						f				f
Staffcosts						30,938				15,290
Office costs						1,852				2,088
Travel and	accommodation		costs			2,099				288
ITConsultancy						2,050				4,500
ITcosts						1,466				6,315
Governancecosts						2,305				2,945
TOTAL						40,710				31,426

Note 9 Credito	rs	: amountsfallingd	ue within one year
						2023	2022
						E	6
Deferred income Taxation and social		security				13,586 671	16,370 860
Other creditors						1,537	93
						15,794	17,323
Deferred income	relates to amounts		received in relation to Mission Impact		trips planned	for after the	year end.
Note 10 Funds
			Balance at				Balance at
			1April		Transfersto	Allocated	31March
			2022	Income	Eswatini	costs	2023
			E	E	E		E
Restricted funds
ICBCBuilding Tractor Fund Water pipeline			120	5,000 5,000	(4,500) (4,500)	(500) (500) (120)
Hardship Fund Borehole Potters Wheel Men's Centre Women's Centre			13,660 1,000 100 471	944 17,000 12,000 1,650 2,034	(755) (28,994) (10,800) (1,440) (1,433)	(1,666) (1,200) (160) (222)	189 1,000 150 850
Adoption Fund				160			160
Tertiary education support Provision ofpresents Medical Emergency Fund Shoes for Orphans Total restricted funds Unrestricted funds Total funds			2,260 157 741 18,509 89,163 107,672	12,935 68 14,776 911 72,478 356,036 428,514	(9,626) (60) (13,394) (1,293) (76,795) (243,434) (320,229)	(730) (8) (249) (156) (5,511) (111,878) (117,389)	4,839 1,289 203 8,681 89,887 98,568

		Restricted	Unrestricted	Total
		Funds	Funds	2023
		E	E	E
Cash		8,681	105,681	114,362
Liabilities Net assets		8,681	(15,794) 89,887	(15,794) 98,568
		Restricted	Unrestricted	Total
		Funds	Funds	2022
			E	E
Cash Liabilities Net assets			124,995 (17,323) 107,672	124,995 (17,323) 107,672
Note 12 Trustee donations, expensesandrelatedpartydisclosures
None ofthe trustees were paid any remuneration	or received	any other benefits as atrustee or		from an
employment inthecharity(2022-None).
No expenses were reimbursed totrustees during the year (2022 -None).
Donations from trustees during the year totalled E46,659(2022 -E33,838)
There were no other related party transactions	during the year (2022 - None)		requiring disclosure.
Note 13 Previousyear's Statement ofFinancial Activities
		Restricted	Unrestricted
		Funds	Funds	Total
	Notes	2022	2022	2022
			E	E
Income from:
Donations Total income		71,807 71,807	300,188 300,188	371,995 371,995
Expenditure on:
CharitableActivities Raising funds Total Expenditure		75,830 75,830	262,263 36,641 298,904	338,093 36,641 374,734
Net income/(expenditure)		(4,023)	1,284	(2,739)
Reconciliation offunds
Total funds brought forward 1April 2021 Total funds carried forward 31March 2022		22,532 18,509	87,879 89,163	110,411 107,672