| Page | |||
|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, its Trustees and Advisers | ||
| Trustees' Report |
2-9 | ||
| Independent Auditors' |
Report | on the Financial Statements | 10-13 |
| Statement ofFinancial | Activities | 14 | |
| Balance Sheet | 15 | ||
| Statement ofCash Flows | 16 | ||
| Notes to the Financial | Statements | 17-29 |
| Trustees | Neil Smith | |||||
|---|---|---|---|---|---|---|
| Rogeria Mulrine | ||||||
| Charity registered | ||||||
| number | 1170596 | |||||
| Principal office | One StAldates | |||||
| 04:02 | ||||||
| Oxford | ||||||
| Oxfordshire | ||||||
| OX1 1DE | ||||||
| Independent | auditors | Lubbock Fine LLP | ||||
| Chartered | Accountants | 8 Statutory | Auditors | |||
| Paternoster | House | |||||
| 65St Paul's | Churchyard | |||||
| London | ||||||
| EC4M 8AB | ||||||
| Bankers | Santander | |||||
| Bridle Road | ||||||
| Bootle | ||||||
| Merseyside | ||||||
| L304GB |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| Note | F | ||||
| Income from: | |||||
| Donations and gift aid |
6,356,039 | 6,356,039 | 2,937,449 | ||
| Investment Income |
3 | ||||
| Total income | 6,356,039 | 6,356,039 | 2,937,452 | ||
| Expenditure on: |
|||||
| Charitable activities |
6,415,130 | 6,415,130 | 1,633,220 | ||
| Total expenditure | 6,415,130 | 6,415,130 | 1,633,220 | ||
| Net movement in funds |
(59,091) | (59,091) | 1,304,232 | ||
| Reconciliation offunds: |
|||||
| Total funds brought | forward | 734,619 | 734,619 | (569,613) | |
| Net movement in funds |
(59,091) | (59,091) | 1,304,232 | ||
| Total funds carried forward | 675,528 | 675,528 | 734,619 |
| 30 | |||||||
|---|---|---|---|---|---|---|---|
| September | 31 March | ||||||
| 2022 | 2021 | ||||||
| Note | F | ||||||
| Fixed assets | |||||||
| Tangible assets | 5,027 | ||||||
| Current assets | |||||||
| Tangible assets | 2,124 | ||||||
| Intangible asset |
1,344,701 | 552,847 | |||||
| Debtors | 2,535,439 | 1,521,379 | |||||
| Cash at bank and | in | hand | 201,502 | 56,638 | |||
| 4,083,766 | 2,130,864 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 10 | (3,413,265) | (1,396,245) | ||||
| Net current assets | 670,501 | 734,619 | |||||
| Total net assets | 675,528 | 734,619 | |||||
| Charity funds | |||||||
| Unrestricted funds |
675,528 | 734,619 | |||||
| Total funds | 675,528 | 734,619 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | F | |||||
| Cash flows from operating | activities | |||||
| Net cash provided by operating activities |
13 | 946,250 | 383,442 | |||
| Cash flows from investing | activities | |||||
| Interest income | 3 | |||||
| App development costs |
(791,854) | (328,079) | ||||
| Purchase oftangible assets | (9,532) | |||||
| Net cash used in investing | activities | (801,386) | (328,076) | |||
| Change in cash and cash |
equivalents | in | the period | 144,864 | 55,366 | |
| Cash and cash equivalents | at the beginning | ofthe period | 56,638 | 1,272 | ||
| Cash and cash equivalents | at the end | of | the period | 14 | 201,502 | 56,638 |
| The notes on pages 17to 29 form part ofthese financial statements |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| F | ||||
| Donations | and gift aid | 6,356,039 | 6,356,039 | 2,937,449 |
| Total 2021 | 2,937,449 | 2,937,449 | ||
| INVESTMENT INCOME | ||||
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| F | F | F |
| Investment | income |
|---|---|
| Total 2021 |
| Activities | Grant | |||||
|---|---|---|---|---|---|---|
| undertaken | funding of |
Support | Total | Total | ||
| directly | activities | costs | funds | funds | ||
| 2022 | 2022 | 2022 | 2022 | 2021 | ||
| F | ||||||
| Charitable | activity costs | 262,211 | 5,787,662 | 365,258 | 6,415,131 | 1,633,220 |
| Total 2021 | 2,835 | 1,592,127 | 38,258 | 1,633,220 |
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| F | ||
| Wages and Salaries | 167,447 | 2,835 |
| Staff travel expenses | 77,661 | |
| Other staff expenses | 17,103 | |
| 262,211 | 2,835 |
| Total | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| F | |||||
| Wages and Salaries | 78,392 | 15,903 | |||
| Bank charges | 8,529 | 3,703 | |||
| Audit Fees | 18,930 | 13,680 | |||
| Legal and professional | fees | 1,284 | 5,196 | ||
| Administrative | fees | 136,337 | 43,051 | ||
| Insurance | 1,905 | ||||
| Other support | costs | 95,098 | |||
| Depreciation | 2,383 | ||||
| Foreign exchange | gain | (43,275) | |||
| Recruitment | fees | 22,400 | |||
| 365,258 | 38,258 |
| Grants to | Grants to | Total | Total | |
|---|---|---|---|---|
| Institutions | Individuals | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| F | ||||
| Grants split by location | ||||
| Alexandria | 415,110 | 415,110 | 106,570 | |
| Congo | 140,296 | 7,282 | 147,578 | 110,746 |
| UK & Europe | 2,581,622 | 2,581,622 | 254,985 | |
| Central Africa | 1,534 | 1,534 | ||
| West Africa | 1,030,791 | 1,030,791 | 1,001,125 | |
| South Africa | 839,255 | 3,125 | 842,380 | 118,701 |
| Indian Ocean | 227,537 | 227,537 | ||
| North Africa | 541,110 | 541,110 | ||
| Total 2022 | 5,777,255 | 10,407 | 5,787,662 | 1,592,127 |
| Total 2021 | 1,586,955 | 5,172 | 1,592,127 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| F | ||||||
| Guji and Borena | Full | Gospel Church | Bible College | 309,546 | 91,687 | |
| Europe Collaboration | 199,729 | 250,160 | ||||
| Oak Hill College | 312,191 | |||||
| Wycliffe Hall |
126,863 | |||||
| StJohn's College | 220,100 | |||||
| Diocese of IAMA | 120,164 | |||||
| Mount Zion Training | and Retreat Center | 635,682 | 680,899 | |||
| Kadguli Grace Secondary School | 208,561 | |||||
| George Whitfield | College Explore | 444,961 | ||||
| Hulbert Enterprises | Ltd | 1,587,073 | ||||
| Englise Anglican | du | Congo | 71,896 | |||
| Anglican Diocese |
de | Guinea | 29,140 | |||
| Anglican Diocese |
of | Freetown | 231,239 | |||
| Anglican Diocese |
of | Bo | 37,661 | |||
| Anglican Diocese |
of | Niassa | 118,701 | |||
| 4,164,870 | 1,511,383 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| F | ||||
| Wages | and | salaries | 245,838 | 18,738 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| Office | |
|---|---|
| equipment | |
| Cost or valuation | |
| Additions | 9,534 |
| Transfer to current assets | (2,124) |
| At 30September 2022 | 7,410 |
| Depreciation | |
| Charge for the period | 2,383 |
| At 30September 2022 | 2,383 |
| Net book value | |
| At 30September 2022 | 5,027 |
| At 31 March 2021 |
| INTANGIBLE ASSETS | |
|---|---|
| App under | |
| develop | |
| ment | |
| Cost | |
| At 1 April 2021 | 552,847 |
| Additions | 791,854 |
| At 30September 2022 | 1,344,701 |
| Net book value | |
|---|---|
| At 30September 2022 | 1,344,701 |
| At 31 March 2021 | 552,847 |
| 2022 | 2021 | ||
|---|---|---|---|
| F | |||
| Due after more than one year | |||
| Other debtors | 16,691 | ||
| Due within one year | |||
| Other debtors | 719,794 | 345,966 | |
| Prepayments | and accrued income | 1,798,954 | 1,175,413 |
| 2,535,439 | 1,521,379 |
| 2022 | 2021 | ||
|---|---|---|---|
| F | F | ||
| Other taxation and social security | 13,099 | 3,454 | |
| Accruals and deferred | income | 22,784 | 17,379 |
| Grants payable | 3,377,382 | 1,375,412 | |
| 3,413,265 | 1,396,245 |
| STATEM | ENT | OF FUNDS - CURRENT PERIO | D | ||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| 30 | |||||||
| Balance at 1 | September | ||||||
| April 2021 | Income | Expenditure | 2022 | ||||
| Unrestricted | funds | ||||||
| General | Funds | 734,619 | 6,356,039 | (6,415,130) | 675,528 | ||
| STATEM | ENT | OF FUNDS - PRIOR PERIOD | |||||
| Balance at | |||||||
| Balance at | 31 March | ||||||
| 1 April 2020 | Income | Expenditure | 2021 | ||||
| F | F | F | F | ||||
| Unrestricted | funds | ||||||
| General | Funds | (569,613) | 2,937,452 | (1,633,220) | 734,619 |
| ANALYS | IS OF NET ASSETS BETWEEN FUNDS - CUR | RENT PERIOD | |
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| 30 | 30 | ||
| September | September | ||
| 2022 | 2022 | ||
| F | F | ||
| Tangible | fixed assets | 5,027 | 5,027 |
| Intangible | fixed assets | 1,344,701 | 1,344,701 |
| Debtors | due after more than one year | 16,691 | 16,691 |
| Current assets | 2,722,374 | 2,722,374 | |
| Creditors | due within one year | (3,413,265) | (3,413,265) |
| Total | 675,528 | 675,528 |
| ANALYS | IS OF NET ASSETS BETWEEN FUNDS - P | RIOR PERIOD | |
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| 31 March | 31 March | ||
| 2021 | 2021 | ||
| F | F | ||
| Intangible | fixed assets | 552,847 | 552,847 |
| Current assets | 1,578,017 | 1,578,017 | |
| Creditors | due within one year | (1,396,245) | (1,396,245) |
| 734,619 | 734,619 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| F | F | ||||||||
| Net income/expenditure |
for the | period | (as per | Statement | of Financial | ||||
| Activities) | (59,091) | 1,304,232 | |||||||
| Adjustments | for: | ||||||||
| Depreciation | charges | 2,383 | |||||||
| Interest income | (3) | ||||||||
| Increase in |
debtors | (1,014,062) | (1,410,763) | ||||||
| Increase in |
creditors | 2,017,020 | 489,976 | ||||||
| Net cash provided | by | operating | activities | 946,250 | 383,442 |
| 2022 | 2021 | ||
|---|---|---|---|
| P | F | ||
| Cash | in hand | 201,502 | 56,638 |
| Total | cash and cash equivalents | 201,502 | 56,638 |