##
||||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|
##
##
##
##
##
##
##