Charity registration number 1182111 NAYBA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR EI%DED 31 MARCH 2023
NAYBA LEGAL AND ADMINISTRATIVE INFORMATION Trustees David Wcsilake Bonnie Yule-Kuehne Bishop Dr Wayne Malcol Dr Shola Adeaga Dr Mike Kelly Charity number 1182111 Principal address 5 The Square Bagshot Surrey GU19 SAX Independent examiner Siobhan Glenister, ACA 5 The Square Bagshot Surrey United Kingdom GU19 SAX
NAYBA CONTENTS Page Trustees report Independent examinefs report Sialemenl of financial activities Balance sheet Notes lo the financial stalements 7-14
NAYBA TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Truslees present their annual report and financial statements for the year ended 31 March 2023. The financial siatemenis have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the NAYBA Charity's CIO Foundation, Ihe Charities Act 2011 and "Accouniing and Reporting by Charilies= Sthtemeni ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (as amended for accouniing periods commencing from l January 2019). Objectives and activities The objectives of the charity are for the public benefit.. to advance education. trdining and development particularly but not exclusively by providing skills and knowledge lo church and community leaders and volunteers to enable them lo better serve their communities. to promote the eicIencY and effectiveness of chariiable organisalions by: seeking to build the capacity of the christian community through the facilitation of collaborative networks, measuring siKial and economic impact. promoting best practice and effective use of resources,. and the provision of grani funding to lacilithie churches and charities in effecting ommunity transf0mtion. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activitlC5 thc Charity should undcrtake. Achievements and performance NAYBA helps local churches around the world better love iheir neighbours and transfonn iheir ncighbourhi)ods. Bascd on more than a dccadc of cxpcricncc in the UK, NAYBA achicvc5 this by." Helping to identify a community's needs and assets. Providing a menu of proven Church-led projects to match those needs and assets. Mcasuring and communicating thc cconomic and social impact la NAYBA Impact Audits. Supporting the development of enterprise Initiatie$ ihrough ihe Spirii of Enierprise course and hubs. Helping Churches better engage with their civic, comrnunity and commercial sectors. NAYBA addresses the need increasingly felt by local churches to be more relevant and impactful in their communities by serving people expericncing dcspair, vulnerability and isolation. OUT experience has been that for every local Church 'e help, 100 beneficiaries are impacted for good. W]at started in the UK now has a truly global and growing impact. Financial review During the period the charity had incorne resources of £358,402 and a lolal expenditure of £348,613 rcsulting in ncl resources of £9.789. It IS thc policy aim of thc Charity that unrestrictcd funds which havc not been designated for a specific use should be maintained at a level to three month's expenditure. The Trustees considers that reserves at this level will ensure ihai. in the event of a Significant drop in funding. they will be able io continue the Charity's Current activities while consideration is given to ways in which additional funds may be raised. This Icvcl of rcserves has bccn Tnaintaincd throughout thc year. The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place lo mitigate exposure to the major risks.
NAYBA TRUSTEES REPORT (CONTILYUED) FOR THE YEAR ENDED 31 MARCH 2023 Strueture, goTr'ernance and management The Charity is a charitable incorporated organisation. The Trustees who Served during the year and up to the date of signature of the financial statements were-. David Westlake Bonnie Yule-Kuehne Bishop Dr Waync MalcolTn Dr Shola Adeaga Dr Mike Kelly New trustees are aptK)inted by the existing trustees and serve for five years after which they may put themselves forward for re-appointment. The Trust Deed provides for a minimum of three trustees, lo a maximum of nine trustees, with no more than three trustees due for re-appointment in any one year. The Charity Governing document allows the Iruslees to meel and conduct meetings virtually which the Irnstees have done this year in line with Goi'ernment restrictions and recommendations. Truslccs delegate the day-to-day operation to the CEO who attends Trustee meetings. The CEO meets weekly with the NAYBA Global Team encompassing programme areas as well as operations and communications. The Global Team meels ternily wilh a NAYBA Global Leadership Council made up of key leaders from eight primary nations in which we arc cllCnt1y active. A NAYBA Global Team member atiends Board or Executive meetings in each of the nations where we are active. The wider NAYBA family meels Iwice each year.
NAYBA TRUSTEES REPORT (CONTILYUED) FOR THE YEAR ENDED 31 MARCH 2023 Statement of Trustees responsibilities The Trusiees are responsible for prLparing the TnteeS Report and the financial staiements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepled Accounting Practice). The law applicable to charities in England and Wales requires ihe TnleeS to prepare financial slaiements for each financial year which give a true and fair view of the state of affairs of the Charity and of th¢ incoming resources and application of resources of ihe Charity for thai year. In preparing these financial slalemenis, the TteeS are required io: select suitable accouniing policies and ihen apply them consistently. - observe the methods and principles in the Charities SORP. make judgements and esiimales that are reasonable and prudeni: slate whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Ttustees are responsible for keeping suificienl accounting reconls that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also restK)nsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities. The Truslees report was approved by the Board of Ttees. David Westlake Trustee
NAYBA INDEPENDENT EK4MINER'S REPORT TO THE TRUSTEES OF NAYBA I report to the Trustees on my examination of thc financial statements of NAYBA (the Charity) for the year ended 31 March 2023, which are set out on pages 4 10 14. Responsibilities and basis of report As ihe Trustees of the Charity you are responsible for the prepardtion of the financial statements in accordance with the requirements of the Chariiies Aci 2011 (the 2011 Aci). I Icporl in rcspect of my examination of the Charity'5 financial slatemcnts carried out undcr section 145 of th¢ 2011 Act. In carrying out my examination I hav¢ followed all the applicable Directions given by the Charity Commission under scction 145(5)(b) of thc 201 l Act. Independent examiner'5 Statement Since the Charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 201 l Act. I confirm that l am qualified to undertake the examination because l am a member of The Association of Chartered Accountants, which is one of the listed bodies. Your aitention is drnwn lo the facl that the chariiy has prepared financial SleMentS in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to in the exthnl regulaiions bui has now been withdrawn. l understand that thi5 ha5 been done in order for financial sthtements to provide a true and fair view in accordance with Generally Accepted Accounting Prdctice effective for reporting periods beginning on or after l January 2015. I have completed my examination. I confirni that no matters have corne to my attention in connection with the examination giving me cause lo believe that in any material respect- accounting record5 were noi kept in rcspect of the Charity as required by section 130 of the 2011 Act- or the financial statements do not accord with those records- or the financial siaicmenls do not comply wilh ihc applicable rcquiremcnls conccming ihc fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounis give a irue 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 matteTS in connection with the examination to which attention should bc drawn in this report in ordcr to enable a pro undcrsianding of the financial statements to be reached. Siobhan Glcnister, ACA 5 The Square Bagshot Surrey GU19 SAX United Kingdom 0810312024
NAYBA STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Restricled funds funds 2023 2023 Totalunrestricted funds 2022 2023 Notes Income and endowment5 from: Donations and legacies Charitable activities Other income 268.787 9.469 146 80,000 348,787 9,469 146 224,518 34,100 Total income 278,402 80.000 358,402 258,618 enditure on: Charitable activities 283.513 65,100 348,613 257,374 INet (e%pendi¢ure)lincome for the )e4rl Net movemellt in fullds 14.91)0 9,789 1,244 Fund balances at l April 2022 20.336 20,336 19.092 Fund balances at 31 March 2023 15.225 14,900 30.125 20,336 The stalement of financial a¢livities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
NAYBA BALANCE SHEET ASA T31 MARCH 2023 2023 2022 LYote5 Current assets Debtors Cash at bank and in hand io 10.O(K> 25,585 10,000 11,776 35,585 21,776 Creditors: amounts falling due within one )'ear li (5,460) (1.440) Net ¢urrent assets 30,125 20,336 Income funds Restricted funds Unrestricted funds 12 14,900 15,225 20,336 30,125 20,336 The financial statements were approved by the Trustees on ......................... David Westlake Trustee
NAYBA NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting polieies Charity information NAYBA was regislered as a Charitsble Incorporation Organisation on 19 February 2019 and is governed by its conslitution fornied under an association miKlel. .1 Accounting convention The financial statements have been prepared in accordance with the Charity'5 CIO Foundation, the Charities Act 201 l and "Accounling and Reponing by Charities- Siaiement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}" (as amended for accounling periods commencing from l January 2019). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charitics applying FRS 102 Update Bulletin I not lo prepare a Sialemenl of Cash Flows. The financial slaiemenis are prepared in sterling. which is the fvnciional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial slaiemenis have been prepared under ihe hisiorical cosi convcntion, Imodificd io include the revaluation of freehold properties and to include investment properties and certain financial instruments al fair value]. The principal accouniing policies adopted are set out below. .2 Going concern At the time of approving the financial statements. the Trnstee5 have a reasonable expectation that the Charity has adequaie resources to coniinue in operational exisience for the foreseeable fulure. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the r]nancial statements. 1.3 Charitable funds Unrestricted tunds are available for use at the discretion of the TteeS in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subjeci to specific conditions by donors that the capital musl be maintained by the Charity. 1.4 Income Income is recognised when ihe Charity is legally eniiiled io li afier any performance conditions have been mel, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipl. Other donalions are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recovernble in relaiion to donalions received under Gift Aid or deeds of covenant is recognised al the time of the donation.
NAYBA NOTES TO THE FINANCIAL STATEMEIYTS (CONTIIYUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) Legacies are recognised on rcceipt or othcrwi5e if the Charity has been notified of an impcnding distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingeni asset. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probablc that a transfer of cconornic bcncfits will be requircd in settlemcnt, and the amount of the obligation Can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and sharcd costs, including support costs involved in undertaking cach activity. Direct costs attributable to a single activity are allo¢ated directly to that activity. Shared costs which Contribute to more than one activity and support costs which arc noi attributable io a single activity are apportioncd bctwccn those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spcnl. and dcprcciation chargcs are allocated on the w)rtion of thc as5el's usc. Expenditure is recognised on an accruals basis when incurred. It is rep)rted in the Statement of Financial Acliviiics as follows.. Direct Charitable Expenditure - Ihese are costs incurred by ihe charity in the delivery of its activities and scrviccs for it5 bcncficiaric5. Support costs include oiher running costs and governance costs. These are incurred by the charity and are necessary to aid and support the running of the charity and are included within expendilure on charitable activities. All costs are allocated io charitable activities of the SOFA on a basis designed io reflecl Ihe use of the resource. Support Costs relating to a panicular fvnd are allocated directly, others are apportioned on an appropriate basis when applicable. Th¢ Charity has identified one direct charitable activity. 1.6 Cash and eash equivalents Cash and cash equivalents include cash in hand, deFK)Sits held at call with banks, other short-terni liquid investments with original maturities of ihree months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 FinAncial in5trument5 The Charity has elected to apply ihe provisions of Section I I 'Basic Financial Instruments. and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its fu1claI instruments. Financial instrumenls are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabililies are offsel, with Ihe net amounts presented in the financial statements, when there is a legally enforceable righi to set off the recognised amounts and ihere is an intention to settle on a nei basis or io realise the assei and seiile ihe liability SimulneoUSly.
NAYBA NOTES TO THE FINANCIAL STATEMEIYTS (CONTIIYUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) Basicfinancial assets Basic financial assets. which include debtOTS and cash and bank balances. are initially measured al transaction price including transaction costs and arc sub5equenily carried at amortised cosl using the effective interest method unless the arrnngement consiituies a financing transaction, where the transaction is measured at the presenl value ol the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basicfinanc'ial liabilities Basic financial liabilities. including creditor5 and bank loans arc initially recogni5ed at transaction price unless the arrdngement constitutes a financing iransaction, where the debt instrnment is measured at the present value of the future payments discounted ai a market rnte of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at arnortised cost. using the effective interest rdte method. Trade creditors are obligations to pay for g(KKls or services that have been acquired in the ordinary course of opcrntions from supplicrs. Amounts payablc arc classificd as currcnt liabilitics if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are reco¥ni5ed initially at transaction price and subsequently measured at arnorti5ed cost using the effective interest m¢thiKI. Derecognlfton offinancial liabilities Financial liabilities are derecognised when ihe Charity's contractual obligaiions expire or are discharged or cancelled. 1.8 Employee benefits The cost of any unused holiday enliilement is recognised in the period in which the employee's services are received. Terniination benefits are recognised immediately as an expense when the Charity is demonstrably committed lo lemiinale the employment olan employee or to provide tenninalion benefits. 1.9 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical cxpLricncc and othcr factors ihal arc considcrcd ts) bc rclcvani. Actual rcsults may ditTcr from thcse estimates. The estimates and underlying assumptions are revtewed on an ongoing basts. Revisions to accounting cslimatcs arc rccogniscd in the pcriod in which ihc Csiimaic is rcviscd whcrc thc rcvision affccts only that period, or in the period of the revision and future periods where the revision affects both current and future pellods.
NAYBA NOTES TO THE FINANCIAL STATEMEIYTS (CONTIIYUED) FOR THE YEAR ENDED 31 MARCH 2023 Donations and legacies Unrestricted Restricted funds fund5 Total Total 2023 2023 2023 2022 Donations and gifts Granls receivable 248,787 20,(KJO 248,787 I00,(K)O 188,619 35,899 80,000 268,787 80.000 348,787 224,518 Chgritable gctivities 2023 2022 Payment for services 9,469 34,100 Other income 2023 2022 Other income 146 10-
NAYBA NOTES TO THE FINANCIAL STATEMEIYTS (CONTIIYUED) FOR THE YEAR ENDED 31 MARCH 2023 Cbaritable activities 2023 2022 Staff costs Communications Country development Reseawh and development Service providers Team Contractor costs Donations 85,780 24,842 56,945 33,000 80,801 46,108 595 474 88,736 22,604 23,312 23,563 74,310 328,545 232.525 Share of support costs (5cc notc 7) Share of governance costs {see note 7) 17.848 2,220 22,629 2,220 348,613 257,374 Analvsis bv fund Unrestricted funds Restricted funds 283.513 65.100 257.374 348,613 257,374 11
NAYBA NOTES TO THE FINANCIAL STATEMEIYTS (CONTIIYUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Governance eosts costs 2023 2022 Advertising Insurance Legal and professional fees 2.346 1,268 14,234 2,346 ,268 14,234 22,629 Independent exaTnination fee5 2.220 2,220 2.220 17.848 2,220 20,068 24,849 Analysed between Charitable activities 17.848 2.220 20.068 24.849 Govemance costs includes payments to the independent examiner of £2.220 (2022- £2.220) for examination fees. Trustees None of the Trustec5 (or any person5 connected with them) received any remuneration or benefit5 from the Charity during the year. Employees The average monthly nuvnber of evnployees during the year wa5: 2023 Number 2022 Number Employment costs 2023 2022 Wages and salaries Social security costs Oiher pension costs 77.704 4,968 3,108 77,704 5,503 5,529 85.780 88,736 The key managemeni personnel of the charity comprise of the Trusiees and the Chief Executive OtTicer. The total remuneration of the Chief Executive Officer during the year was £77,704 (2022.. £77.704). 12-
NAYBA NOTES TO THE FINANCIAL STATEMEIYTS (CONTIIYUED) FOR THE YEAR ENDED 31 MARCH 2023 Employees (Continued) There was l employee whose annual remuneration was more than £70,(K)O. 10 Debtors 2023 2022 Amounts falling due Hrythin one )e4r: Other debtors 10,000 10,000 I I Creditor5: gmounts fglling due Thrythin one year 2023 2022 Accruals and deferred income 5,460 1,440 12 Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on for SlfIC purp05CS= Movement in funds Movement in funds IrKoming B8Lqnce at r•sourctr$ 1 April 2022 Incomlng Resources Balance at ¢xpgnd¢d 31 Mar¢h 2023 Benefact 80.(K)O {65,100) 14,900 Benefact The Benefact funding has enabled NAYBA io support local churches io develop NAYBA Enterprise Hubs at scale to transform local communities by addressin£ l(Kal needs and supporting local people with a focus on those living in areas of deprivaiion. The funding has also been used lo develop a community app for course access and ongoing Sllprt. 13-
NAYBA NOTES TO THE FINANCIAL STATEMEIYTS (CONTIIYUED) FOR THE YEAR ENDED 31 MARCH 2023 13 Analysis of llet Assets behveen funds UDre5tricte Restricted d funds funds 2023 2023 Total Unrcstrictcd funds 2022 2023 Fund balances al 31 March 2023 are represented by= Current asselsl{liabilities) 15.225 14.91X) 30.125 20,336 15,225 14,900 30,125 20,336 14 Related partv tran5actioDS There were no disclosable related party transactions during the year (2022 - none). 15 Outstanding Guarantees Given bi the Charity There were no guardntees given by the charity during the year. 16 Outst8nding Debt There is no outstanding debt at the end of the year which is subject to a charge on the Charity's assels. 14-