Charity Registration No. 1182111 NAYBA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
NAYBA LEGAL AND ADMINISTRATIVE INFORMATIOI Trustees David Wesilake Bonnic Yulc-Kuehne Bishop Dr Wayne Malcolm Dr Shola Adeaga Dr Mike Kelly (Appointed 16 July 2021) (Appointed 19 March 2022) Charity number 1182111 Principal address 5 The Square Bagshot Surrey GU19 SAX Independent examiner David Howard I Park Road Hampton Wick Kingston Un Thames KTI 4AS
NAYBA CONTENTS Page Trusiees report Independent examin&s report Statement of financial activities Balance sheet Notes to the financial statements 7- 12
NAYBA TRUSTEES REPORT FOR THE YEAR ENDED JI MARCH 2022 The Trustees present their report and financial staternents for the year ended 31 Mwh 2022. Thc financial slatcmcnt5 have becn prcparcd in accordancc with thc accounting EKylicies sct out in notc I to the financial statements and comply with the Nayba Charity's CIO Foundation, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Prnelice applicable to charities preparing their accounts in acconjance with ihe Financial Reporting Siandard applicable in ihe UK and Republic of Ireland (FRS 102)" (as amended for accounling periods commencing from l January 2019). ObjeetiNes and activities The objeclii'es of the charity are for Ihe public benefit- lo advance educalion, training and developmenl particularly but not exclusively by providing skills and knowledge to church and community leaders and volunteers lo enable Ihem lo better serve their communities. to prornole the efficiency and effectiveness of charitable organisations by.. seeking to build the capacity of the christian community through the facilitation of collaborative networks. measuring social and economic impact. promoting best practice and effective use of resources: and the provision of grant fvnding lo facilitate churches and charities in effecting community transformatio The Trustees have paid due regard io guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Achievements and performance NAYBA helps local churches around the world better love their neighbours and transfonn their neighbourhoods. Based on more than a decade of experience in the UL NAYBA achieves this by: Helping to identify a cornmunity's needs and assets. Providing a menu of proven Church-led projects to match those needs and assets. Measuring and communicating the economic and social impact via NAYBA Impact Audits. Helping Churches better engage with their civic. commutLity and comn]ercial sectors. NA YBA addrcsscs thc necd incrcasingly Iclt by local churLhes io be more rclcvant and in]paeiful in their communities by serving people experiencing despair, vulnerability and isolation. Our experience has been that for every local Church we help, 100 beneficiaries are impacted for good. What started in the UK now has a truly global and growing impact. Fingnci81 review During the period the ¢harity had income resources of £258,618 and a total expendin]re of £257.374 resulting in nel resources of £1,244. It is the policy of the Charity that UnStrICted fimds which have not been designated for a specifjc use should be maintained at a level equivalent lo between three and six month's expenditure. The Trustees considers that reserves at this level will ensure that, in the eent of a significant drop in fundin& they will be able to continue the Charity's curreni aci1.111es .hIle consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Trustees have a55e55ed ihe tnajor risk5 to Thhieh the Charity is exwse¢ and are satisfied that systems are in place lo miligale exposure io the major risks. Structure? governance and management The Charity is a charitable incorporated organisation.
NAYBA TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED JI MARCH 2022 The Trustees who served during the year and up to the date of signature of the financial statements were= David Wesilake Bonnie Yule-Kuehne Bishop Dr Wayne Malcolm Dr Shola Adeaga Dr Mike Kelly (Appointed 16 July 2021) (Appointed 19 March 2022) New trustees are appointed by the existing tTuslees and serve for five years after which Ihey may put Ihcmsclvcs fonvard for rc-appoinlmcni. Thc Trusi Dced provide5 for a minimum of ihrcc truslCCS. to a maximum of nine lrnstees, with no more than three trnstees due for re-appoiniment in any one year. The Charity Governing document allows the trustees to meet and conducl meetings virtually which the trustees have done this year in line with Government restriciions and recommendations. Trustees delegate the day-to-day operdiion to the CEO who attend5 Tru51ee meetings. The CEO meets weekly with ihe NA YBA Global Team encompassing programme areas as well as operations and communications. The Global Team meets iennly with a NAYBA Global Leadership Council made up of key leaders from eight primary nations in which we are currently active. A NAYBA Global Team member attends Board or Execulive meetings in each of the nations where we are active. The wider NAYBA family meets twice each year- once virtually and once in person (subject to travel restrictions).
NAYBA TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED JI MARCH 2022 Statement of Trustee5 responsibilities The Trustees are responsible for preparing the Truslees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a trne and fair view of the slale of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year. In preparing these financial statements. the Trustees are required to: select suitable accounling policies and ihen apply them consistently- - observe ihe meihods and principles in the Charities SORP. - make judgements and estimates thai are reasonable and prndenl. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial sthtements. and prepare the financial slalements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sutTicient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial slalemenls comply with the Charities Act 2011, Ihe Charity (Accounts and Reports) Regulaiions 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trnstees report was approved by the Board of Ttees. David Westlake Trustee Daled..
NAYBA INDEPENDENT EXAMIi%ER'S REPORT TO THE TRUSTEES OF NAYBA I report to the Trustees on my examination of ihe financial statements of Nayba (the Charity) for the year ended 31 March 2022, whi¢h are set out on pages 4 to I l. Responsibilities and basis of report As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordancc with thc rcquircmcnts of thc Charitics Act 2011 (thc 2011 Act). I report in respect of my examinaiion of the Charily's financial statements carried out under section 145 of thc 2011 Act. In carrying out my examination I have followed all the applicable Direction5 given by thc Charity Commission under seciion 145(5Mb) of the 2011 Aci. Independent examiner's statement Since the Charity's gross income exceeded £250.000 your examiner musl be a member of a body lisled in section 145 of the 2011 Act. I confirni that I am qualified to undertake the examination be¢aus¢ l am a member of , which is one of the listed bodies. Your attention is dra to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 1021 in pr¢f¢r¢n¢e to the Accounting and Reporting by Charities.. Statement of Recommended Practice i55ued on l April 2005 which is referred to in the extant regulations bui has now been withdrawn. l understand that this has been done in order for financial slatcments lo provide a true and fair view in accordan¢e with Generally Accepted Accounting Practice effective for reporting periods beginning on or after l January 2015. I have Completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respec1= accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Ihe financial statements do not accord with those records" or the financial siaiemenis do noi comply ryth the applicable requirements concerning the fomi and content of accounts set out in the CharitiC5 (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial stalemenls to be reached. David Howard I Park Road Hampton Wick Kingston Upon Thames KTI 4AS Dated.. 1110112023
NAYBA STATEMENT OF FINANCIAL ACTIIIITIES INCLUDING INCOME AiID EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted funds 2022 Total 2021 otes Income from: Donations and legacies 258,618 186,529 enditure on: Raising funds 1.100 Charitable activities 257.374 177.121 Total resources expended 257.374 178,221 Net income for the yearl Ne¢ movement in funds 1,244 8,308 Fund balances at l April 2021 19,092 10.784 Fund balances ai 31 March 2022 20,336 19,092 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activilies.
NAYBA BALANCE SHEET AS A T31 MARCH 2022 2022 2021 Note5 Current assets Dcbiors Cash at bank and in hand 10.000 11.776 2,287 26,182 21,776 28,469 Creditors: amounts failing due within one year (1.440) (9.377) Net current asscts 20.336 19,092 Income funds Unrestricted funds 20.336 19,092 20,336 19,092 The financial statements were approved by the Trustees on ......13 sep.tember 2022 David Wesilake Trustee
NAYBA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JI MARCH 2022 Accounting policies Charity information Nayba is a tNSERT CONSTITLrrJoNAL DETAIL. 1.1 Accounting cDni'entioD The financial statements have been prepared in accordance with the Charity's CIO Foundation, the Charities Act 2011 and "Accouniing and Reporting by Charities.. Sialemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (as amended for accounting peiiods commencing from l January 2016). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial staiements have departed from ihe Chariiies (Accounts and Reports) Regulations 2008 only to the extent required to provide a te and fair view. This departure has involved following the Siatemcnt of Recomtncnded Practice for charitics applying FRS 102 rathcr than the version of the Statement of Recommended Praclice which is referred to in the Regulations bul which has since been withdrawn. The financial statements are prepared in sierlin& which is the fvnclional currency of the Charity. Monetary amounls in Ihese financial stalemenls are rounded io the nearesl £. The financial siatements have been prepared under the historical cost convention. modified to include the revaluation of freehold pn)perties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern Ai the time of approving the financial slatements. the Trustees have a reasonable expectation thal the Charity has adequate resources to conlinue in operntional existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of oUnting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their Charitable objective5 unless the fund5 have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purpose5 and uscs of thc rcsiricicd funds arc scl out in ihc noics to ihc financial siatcmcnts. Endowment funds are subject to specific conditions by donors that the capitsl must be maintained by ihe Charity. 1.4 Incoming resources Income is recognised when the Charity is legally entitled to il after any performance conditions have been met. the amounts Can be measured reliably. and it is probable that income will be received.
NAYBA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JI MARCH 2022 Accounting policies Cash donations are recogt)ised on receipl. Other donations are recognised once the Charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenanl is recognised al Ihe time of the donation. Legacies are recognised on receipt or othenwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is nol known. Ihe legacy is IreaiLd as a conlingeni assei. 1.5 Resources expended Expenditure is recognised on an acCnlS basis when incurred. It is reported in the Statement of Financial Activities as follows- Direct Charitable Expenditure - these are costs incurred by the charity in the delivery of its activities and services for its bcneficiaries. Support costs include other running costs and govemance costs. These are IncU¢d by the charity and are necessary lo aid and support ihe running of the charity and are included within expenditure on charitable activities. All Costs are allocated to charitable activities of the SOFA on a basis designed to reflect the use of the resource. Support Costs relating to a particular fund are allocated directly, others are apportioned on an appropriate basis when applicable. The charity has identified one direct charitable activity. 1.6 Cash gnd ¢a5h equivalents Cash and cash equivalents include cash in hand, detK)sits held at call wilh banks, other short-terni liquid investmenls with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Financial instruments The Charity has elected io apply the provisions of Seciion I I 'Basic Financial Instruments. and Section 12 '0ther Financial Inslrutnents Issues, of FRS 102 to all of it5 financial inslruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party lo the contractual provisions of the instrutnent. Financial assets and liabilities are offset. with the net amounts presented in the financial slaleinents, when there is a legally enforceable righi to sei off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and settle ihe liability simultaneously. Ba5icfinancial a55ets Basic financial assets. Thhich include debtors and cash and bank balances. are initially measured at Iransaciion price including iransaciion c0515 and are 5ubsequenily carried ai amortised cost using the effective interest method unless the arrangement constitutes a financing Iransaction, where Ihe Iransaetion is measured al the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receii'able within one year are nol amonised.
NAYBA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JI MARCH 2022 Accounting policies Basicfinancial liabilities Basic financial liabiliiies, including credilors and bank loans are initially recognised al transaction price unless the arrangement consiituies a financing iTansaction, where the debt instrument is measured at the present value of the future payments discounied at a market rate of interest. Financial liabilities ¢lassified as payable within one year are not amortis¢d. Debt instruments are subsequently carried at amortised cost, using the effective interest rdte method. Trade creditors are obligations to pay for g(KKls or services that have been acquired in Ihe ordinary ourse of operations from suppliers. Amounts payable are classified as curreni liabilities if payment is due within one year or less. If nol, they are presented as non-current liabilities. Trade creditors are recognised initially at trdnsaction price and subsequently measured at amortised cost using ihe effective interest tneth(Kl. Derecognilion offinaneial liabililies Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.8 Employee benefits The ¢ost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefiis are recognised irnmedialely as an expense when the Charity is demonstrably committed lo terniinale the employment of an employee or to provide tem)ination benefits. 1.9 Retirement benefits Paym¢nts to dcfined contribution retirement benefit schemes are charged as an expense as they fall due. Critic41 accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements. estimatcs and as5umption5 about the carrying amount of a55cIs and liabilitie5 that arc not readily apparent from oiher sources. The estimaies and associaied assumptions are based on historical cxpericncc and other facto that arc consi(krcd io Telcvant. Actual results may differ from thLse estimates. The estiTnates and underlying assumptions arc rcvicm'cd on an ongoing basis. Revision5 to accounting estimates are recognised in the period in which the estimate is rei'ised where the revision affects only that period, or in the period of the revision and future ll( where the revision affects both current and ture periods.
NAYBA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JI MARCH 2022 Donations and legacies Unrestricted Total fund5 2022 2021 Donations and gifts 258.618 186,529 Raising funds Unrestricted Total funds 2022 2021 Fundrnisin and ublici Other fundrdising Costs 1,100 i.11)o Charitable activitie5 2022 2021 Staff costs Charitable expenditure 88,736 143,789 79.594 81,047 232,525 160,641 Share of governance costs 24,849 16,480 257,374 177,121 Trustees None of the Trustees (or any persons connected with them) received any remunerntion or benefits from the Charity during the year. 10-
NAYBA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JI MARCH 2022 Employees Number of emplo)'ees The average monthly number of employees during the year was.. 2022 Number 2021 Number Emplovment costs 2022 2021 Wages and salaries Social sccurily cosls (hher pension costs 77,704 5,503 5,529 69,193 4,753 5,648 88,736 79,594 The key management personnel of ihe charity comprise of the Tnee5 and the Chief Execulive oiricer. The total remuneration of the Chief Executive Officer during the year was £77.704 {2021.. Debtors 2022 2021 Amounts falling due iTrithin one year: Trade debtors Other debtor5 l O,O(K) 2,287 iO,O(K) 2,287 Creditors: amounts fglling due within one year 2022 2021 Oiher tatIOn and social seClty Trade creditors Accruals and deferred income 7,935 1,440 9.377
NAYBA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JI MARCH 2022 10 Related party trans#ct10115 There were no disclosable relaled party iransaclions during the year (2021- none). I l Outstanding Guarantees Given by the Charity There were no guarantees given by the charity during the year. 12 Outstanding Debt There is no outstanding debt at the ¢nd of the year which is subject to a charge on the Charity's assets. 12-