PROJECT ANGOLA Accounts for the yegr ended 31 August 2024 Reglstered Charity nf>.' 1184966 Address: 77 High Street W¥yl WILkham Cambridge CB214SB Trnstees: Michael Buekeridge Andrew Hackett AlrAander Howden Brian Elowdc Deborah Howden Gerald Stock PROJECT ANGOLA AccouDts for the year ended 31 A￿gust 2024 CONfENTS Page Trustees. Report Indepcndent Examiner's Report Statement of FEnancial Activities Balance Sheet Not￿ to th¢ Accounts PR()JF.CT ANGOLA TRUSTEES, RIEPORI. for the year ended 31 Aueust 2024 The Tn]stees have plejsure in presenting their report with the accounts of the charity for the year end￿ 31 August 2024. Charitable 5¢alu8 Th¢ ¢harity was constituted by Trust Deed dated 14 August 2019 and was srantcd thc stahts of ¥ re￿stered Ch￿'lty by the Charity Commissioners for Lnglattd and Wales on 20 August 2019. Its regt.8tsred llumber 15 11114966. Charitsble objects The objects of the Charity are: i) the advancrFnent of education in Angola by supporthn8 the buildin& TnatDtcnancc alld equippi118 of pritnary schoo15 providing free ed￿catiOn. ii) the rclL¢f of povcrty, $uffersn8 And distre89 in Angola, in porticiilar hy caring for thc sick. provtding n￿diCineS and providing humanitarian aid. iii) Ihe advancemcnt of the Christian religion in Angola by providing or assisting with the provision and maintenance of church buildings for use &q places of worship. and the provision and maintellallce of church mission property. The charity"s objects are undertaken in acconlance with Christian principles. Truste¢s Thc Trustees who servcd during the year and up to the dxtc of this RetK>rt are: Michael Buckeridge Andi'cw Hackett Alexander Howden Brian Howden Deborah Howden Geizld Stock Acttvitie$ aDd 2chievemeDts Dtsring this financial year we have continued to provide aid glld support to th¢ needy in Angola. W¥ havc distributed Inany food parctls l() those lil local cornmunili¢s struggling with ￿Verty. Witliin the year we al80.gupplied some goats to I￿￿[ people so thcy could Iiavc thcir own source of in¢omc io 8UStain their families. Thc work on the leprosaria bomes rontinues with s¢vcral being renovated and ￿t¢Dded. PROJEcf ANGOLA TRUSTEES, REPORT, eontinued for the ye&r ended 31 August 2024 Artivities and 4ehievements, eontinued There hAve Also hecn houscs of local pe(>ple that have been rebuilt wrth brick oppoged to the old oncs whscb werc mttde of Tnud btieks.. This meams they should last a lot longer. One othcr large proj¢ct thc ¢hariiy has undertaken ts the construetion of a local ¢hurch building. This has been planned for a f¥w years but 8fLaL progress ha5 becli niade tliis year with th¢ Tnxill franiework of the buildillg uow in position. Thi& also pres¥I1t￿l us with Lhe opportunity of usitlg many local workers to hdp complete the WQTk and provide them with income. Financial Revleiv Thc Yesults for thc year are set out on pege$ 4 and 5. The Trustees report a deficit for the year of £20.762. Thc charity hcld bank and c&sh balances of £113,244 (2023 - £134,fK16) at the Y￿r-¢lld. Reservw pollcy It is thc policy Trus(mmission'% guidance on publLC benefit. Th¢ Tru*t%XS COJ)sider that the ohjcctA for which the Tnjst was regtstered as a charity, and the a¢tiwties during tlJ¢ penLKI. are for thepublic benefit. RespoDsibillt5es of the Trustees reLillrdillg the aeeounts The TnLSl￿s are responsibl¢ for PTEparing the Trt￿Ces. Annual Report artd the financial srat¢mcnts in accordance with applicable law and United Kingdom Accounkn"ng Standards (United Kingdom Gencrally Acccpt¢d Accounting Practicc). The law applicable to cha*ities in England and Wales requires the Trustees lo prcpare finanLial 8latem¢nts for each financi81 year whi¢h give a trne and fair view of ilie state of affairs of the Charity and of its incoming resources and application of Tesources for that year. In prqmring those financial stateinents the Tn2St¢es are required to.. Select suitsble accounting policies alld apply them consislently. Observe the mdhods and principles of the ChaTittcs Stat¢ment of Recommended Practie4 'Accounting and R¢porting by alarttl￿ Make judgeDJents and estimates that are rca8onable and pn]dcnt,' State wh¢ther applicable accoLllltin8 Standards have been lollowed. subject to any material dcparturcs disclosed and cxplained IJT the financial $ta¢emeTJts: and Prepare the accounts on the going concern basis unl￿S it is 2Dappropriatc to presume that the charity will coniirtue in opcrdiion. PROJECT ANGOLA TRUSTEES, REPORT, continued for the year eudeql 31 August 2024 R￿ponSIbIlitieS of the Tru5tee5 regarding the accounts, continued Th¥ Trustees 4r¢ responsible for Tnttintaintng prop¢r accounting rerords which disclose with r¢asonable accuracy at any time the financial ￿SItion of the charity, and to cnable them to ensure thal thc a¢¢ounis comply with th¢ Lbarities Act 2011. the Charaty (Accounts Rep(prts) Rogulations 2008. and th¢ prowsions of thc trust deed. lknc TnL$tccs arc also responsiblc for safeguarding thc assers of the charity and hence for taking reason&ble steps for the prevenÈion and defrction of frdud and other irr¢gularities. The Thts'tees are responsible for the maintenance and iniegnty of ihe charity in accordancE Wlth legislation ill ih¢ Ullited Kingdoni governing Ihc pr¢paiation alld di55cmination of findnGial stat¢lTbents. Signed on behalf of the Tn]$lccs Andrew Hackett Date: 21106 Ilois INDEPENDENT EXAMINF.R IS REPORT to the Trustees of PROJECT ANGOLA I rwrt on the accounts of Project Angola for th¢ y¢ai ended 31 Ausust 2024. whi¢h ar¢ sct out on pages 5 to 7. Respecdve respoDslbllllle5 of Trustees ExatlliDer The charity'5 TnLStees are rcspollsible for the preparatiov of thc accoutjts. The Trustees ¢onsidei thai an audil is not required for this peiiod under scction 144(2} of the Charitics Act 2011 (the 2011 A¢t) and thal an indeF£ndent examillatlOD is needeiL l arn qualified to undertake th¢ cxamination by bcing a qualified member of the Institute of Charte￿d Accountants in England and Wales It is tny rcsponsibility-' to Examine the accounts linder section 145 of the 2011 Act- to follow thc procedures laid down in the General Directions syven by the Charity ConllDission under section 145(5)0)) ofthe 2011 Act. and lo state whether particular mallers have come to my attention. B•sts of Independellt Examkner's report My examination was carried out in accordance with the General Dircctions given by the Charity Cominis$ioll. An examin&tioD includcs a r¢vi¢w of th¢ a¢coiiDIiDg record5 kept by the thurch and a comparison of the a¢￿unt$ present¢d with thos¢ rccords. It also includes coll3id¢ratioJTr of any unusual items or disclosures in the accounts. and seeking explanations from thc Trnstees concerning any sueh matters. Tl)e PTocedures undertaken do not provide all the evidence that would be required in an audit, and consequendy I do not express an audit opinion on th¢ view giv¢n by the aLCOUllt5. My report is limited io those matters set out in tkne staienhent below. Inrtependen¢ Exa￿]ner'S statemtFJt In connection with my examinatio￿ no matter has come to my attention: {1) which gives me re&8onable cause to b¢lAeve that m any tuaterial respect the requirements to kc¢p accounting records in rcswct of thc ch￿lty in awordanrc with scction 130 of the 2011 Act- and to prcpare accounts which accord with ihe aceounting rttords and comply wtth the accountinE requirements of the 2011 A¢t havc not been tnct- or (2) to whith. in rny opinit)n, attention should b¢ drawn in order to enable J proper understanding of the accounts to be rea¢he4t Andrew J Geary Chgrtered ActountaDt Gcary P41rtn¢rship Chartered Accountanis 159a Chase Side .nfield EN2 OPW Dale.. 30 ?d25 PROJECT ANGOLA ,STATEMENT OF VtNANCIAL Acrivt'l'TES roy tbe year ended 31 August 2024 Y¢areBd¢d 31 Au% 2D14 Yekr ¢*ded 31 21123 Totsl INCOMING RESOURCES Do￿ationS and leg8cies: General needs School TUtll2ing costs Mis%ion transport Mcdsllepers l.eprosaTia housc rcpairs Humaoithrianlreli¢f National workcrs 4,560 4,560 15.261 72.000 72.000 17,877 15261 17.877 18,200 18,200 44,000 44.000 12,341 12,341 6,050 6,050 5,125 5.125 15,700 15.700 5,5UU 5.500 12,500 12,500 6.050 (1,050 5,125 5,125 10,000 10,000 10.957 10,957 Buildi]Jx & upkeep of mi5%i0n property N¢w hall GH roofing rcp21rs 26.350 8.000 26.350 8,(]00 Totxl 4.560 135 J27 139.887 72.0(Kb 83.709 1 55.709 RLSOURCES EXPENDED CharitHble act5vilies: Geiieial eXpe￿l S¢bool rurknins ctssts Mi5&ion transport m￿￿leperS Lqrosana house repairs Hutr]anitsnanlr¢li¢f Business start-ups Nati0rt81 workers EmTnaUS J3uildill¥ & upkeep of mission pmperty New hall Exchang¢ losS¢s1(￿1n$) & baiik ¢harge$ 57.157 57,157 16.880 97.687 97,687 17,936 17.936 4,361 4.361 12.006 12.006 337 357 20.Y48 20.948 16.880 13,606 13.606 2.129 2.129 18.954 18.954 7,902 7,902 6,638 6,638 3.154 3.154 32,493 32,493 .736 3.237 3,237 480 480 28.43A 28.4.38 29,169 29,169 9.¥85 ,736 9.885 Total 58,893 101.756 160.649 107.572 1 IC).932 224J04 NET MOVEMEf4T IN FUNDS (54J33) 33571 {20.7011 (355721 (33,223) (68.7951 Recon¢S1ixtion of T*ansfcr5 bciwccll fvllds -rotal fulld5 at s18rt of ycai 12,863 (12.863) 42.348 91,658 134.006 77.920 124.681 202,801 Total funds at ejd of y¢ai 878 112.366 113.244 42J48 91,658 134,1)06 PROJECT ANGOLA BALANCE SHEEI. xt JJ Au¥ust 2024 2024 2023 CURRENT ASSETS Bgnk and ¢*sh balances Lloyds a¢¢ount IUKI Atlantico accourti (Angola) Cash (UK) Caslj (Angola) 105.740 4J38 ,130 2.036 128.572 2,020 1.130 2,284 CREDITORS 113,244 134,006 NET ASSETS 113.244 134,006 Represellted by: CCUMULATED FUNDS Transfers bttwee At start of year Receipts year PAytheDts in yexr At end of year funds Unrestricted funds General fund 42J48 4.560 (58.893} 878 Restricted Schcol nJnJJing costs Lcpmsana Halll(amundarnha14L assembly Mission transport Med￿lep tLprosart3 house repat¥s Humanitsrianlrelief Biiildtng for yttidy rooms Busrne%5 $tart-UPS National workers Eminaus Buildillg & tspkeep of mission prop¢rty New hall till roofing repair (? 251) 3,206 5,276 5217 13,165 6,062 5.807 549 11.856 6.366 (8,272) 44.677 15.261 (16,8801 3,870 3.2( 5,276 7.991 37,436 1.449 18,200 44.000 12,341 (1.1,606) 12.129) (18,954) 11.820} 117.600} 2,000 15.8071 549 5.584 4.341 6.0.50 5.125 (7,902) 16,638) 13,154) 132,493) 14.420) 1512) 11.426 26.350 38.534 R.000 91,658 135.327 1101,756} 112.863) I t2.J66 Totsl 134,006 139.1587 1160,649) 113,244 Th￿e accounts were approved by the Board of Trusiees on 19- J, IOL and signed on its belialf by ndrew Hackett. Trustee PROJECT ANGOLA NOTES TO THE ACCOUNTS for the year ended 31 August 2024 I ACCOUNTING POLICIES Bssis of Accounting Tbc accouttts have been wepared on the accruais b&%is under the hI￿Or1eAl Cost ¢onventio￿ and in ac¢ordancc with Accounting and Reporting by Charitics." Ststement of Rccommendcd Praeticc applicablc to charities preligring their accounts tn accordance wth the Financial Reporting Stand¢Lrd applicablc in thc irK (FRS 102) (effective l January 2019). Gifts are reCO￿)Xed as in¢otne when reGeived. Other iticome is accounted for on an accrua]s basis as far a5 It is wudenL Lo do so. Expenditure is reco￿]sed in th¢ Ststement of Financial Activitses Ls it 18 Incu￿ed. Where applicable. accrned cxpenditur¢ ts reCo￿lZ￿j as a liaknlity in th¢ a¢¢ounts at the flnancial year end. Foreign curreDcies Almost all of the expenditttre of Project Angola is InCu￿¢d in Angol& Angolan expenditure deAomin4ted in kwanzd is translated into sterlTng pounds at the exchange rate applying at the date of the expenditure. Bank and cash baiaDces denolljinated itt kivanza are translatcd into Sterling pounds al th¢ exLhdnge rate Nling at th¢ pcriod-end date for the purposc of inclusion in thc Stateinent of As5et5 and Liabilitics. The cxchange ratc ruling at 31 August 2024 was.. £1 Kwan7a 1199 (31 August 2U23.' £1 Kwan7a 1062}- Exchang¢ gairLS or losses arisiiig during the year are treated as receipts or pa￿1$ rcspectivcly. 2 FUI¥DS Unrestricted fittids comprise those fun¢ls which the Tn￿te8$ gre free to we for any purpose in furtherance of th¢ chwit261¢ objeths. Unrestricted ￿ndS include dcsignated funds where thc Truslees, at their discretion, have creatrd a fund For a spec&fiL PUryM)5C. RestrJ¢tsd funds #re funds which a￿ to be tssed in *￿rdance with specific resthctions tmposed by the donor or trLL8t deed.