PROJECT ANGOLA
Accounts for the year ended 31 August 2025
Registered Charity no:
1184966
Address:
77 High Street West Wickham Cambridge CB21 4SB
Trustees:
Daniel Bennett Andrew Hackett Alexander Howden Brian Howden Deborah Howden Michael Platt Gerald Stock
PROJECT ANGOLA
Accounts for the year ended 31 August 2025
CONTENTS
| Page | |
|---|---|
| Trustees’ Report | 1-3 |
| Independent Examiner’s Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 |
PROJECT ANGOLA
TRUSTEES’ REPORT for the year ended 31 August 2025
The Trustees have pleasure in presenting their report with the accounts of the charity for the year ended 31 August 2025.
Charitable status
The charity was constituted by Trust Deed dated 14 August 2019 and was granted the status of a registered charity by the Charity Commissioners for England and Wales on 20 August 2019. Its registered number is 1184966.
Charitable objects
The objects of the charity are:
-
i) the advancement of education in Angola by supporting the building, maintenance and equipping of primary schools providing free education;
-
ii) the relief of poverty, suffering and distress in Angola, in particular by caring for the sick, providing medicines and providing humanitarian aid;
-
iii) the advancement of the Christian religion in Angola by providing or assisting with the provision and maintenance of church buildings for use as places of worship, and the provision and maintenance of church mission property.
The charity’s objects are undertaken in accordance with Christian principles.
Trustees
The Trustees who served during the year and up to the date of this Report are:
Daniel Bennett (appointed 20 March 2026) Michael Buckeridge (resigned 16 October 2025) Andrew Hackett Alexander Howden Brian Howden Deborah Howden Michael Platt (appointed 20 March 2026) Gerald Stock
Activities and achievements
During this financial year, we have continued to provide essential aid and support to vulnerable communities across Angola. A significant part of our work has involved distributing food parcels to families and individuals experiencing severe poverty within local neighbourhoods.
1
PROJECT ANGOLA
TRUSTEES’ REPORT, continued for the year ended 31 August 2025
Activities and achievements, continued
Our focus this year has been on improving community infrastructure. We have supplied roofing sheets to several local churches, enabling them to replace unsafe and deteriorated roofs. The clinic in Camundambala has also benefited from substantial upgrades, including the installation of new roofing sheets, retiling of floors, electrical improvements, and the fitting of new doors and windows.
In addition, several old mud-brick buildings have been replaced with more durable concrete structures for community use. We have continued to purchase and supply essential medicines for the local clinic to ensure ongoing healthcare provision.
Further improvements have been made to household facilities, with many families receiving upgraded kitchens and latrines—transitioning from temporary mud-brick structures to longer-lasting concrete buildings.
Construction work on the local church has also progressed, with mezzanine floors, staircases, windows, and doors now installed. Importantly, these projects have enabled us to employ local workers consistently, providing them with regular income and contributing to the economic stability of the area.
Financial Review
The results for the year are set out on pages 4 and 5. The Trustees report a deficit for the year of £8,450 (2024 – deficit of £20,762). The charity held bank and cash balances of £104,794 (2024 - £113,244) at the year-end.
Reserves policy
It is the policy of the Trustees to maintain sufficient reserves in the General Fund to cover known expenditure commitments in the foreseeable future.
Statement on public benefit
In deciding what activities the charity should undertake during the period, the Trustees have paid due regard to The Charity Commission’s guidance on public benefit. The Trustees consider that the objects for which the Trust was registered as a charity, and the activities during the period, are for the public benefit.
Responsibilities of the Trustees regarding the accounts
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
2
PROJECT ANGOLA
TRUSTEES’ REPORT, continued for the year ended 31 August 2025
Responsibilities of the Trustees regarding the accounts, continued
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources for that year. In preparing those financial statements the Trustees are required to:
-
Select suitable accounting policies and apply them consistently;
-
Observe the methods and principles of the Charities Statement of Recommended Practice, ‘Accounting and Reporting by Charities’;
-
Make judgements and estimates that are reasonable and prudent;
-
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity, and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, and the provisions of the trust deed. The Trustees 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 Trustees are responsible for the maintenance and integrity of the charity in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
Signed on behalf of the Trustees
Andrew Hackett
Date:
3
INDEPENDENT EXAMINER’S REPORT to the Trustees of PROJECT ANGOLA
I report on the accounts of Project Angola for the year ended 31 August 2025, which are set out on pages 5 to 7.
Respective responsibilities of Trustees and Examiner
The charity’s Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
It is my responsibility:
-
to examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of Independent Examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. My report is limited to those matters set out in the statement below.
Independent Examiner’s statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in respect of the charity in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Andrew J Geary Chartered Accountant
Geary Partnership Chartered Accountants 159a Chase Side Enfield EN2 0PW
Date:
4
PROJECT ANGOLA
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2025
| Year ended | Year ended | Year ended | Year ended | |||
|---|---|---|---|---|---|---|
| 31 Aug 2025 | 31 Aug 2024 | |||||
| ------------------------------------------------ | ------------------------------------------- | |||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| funds | funds | funds | funds | funds | funds | |
| £ | £ | £ | £ | £ | £ | |
| INCOMING RESOURCES | ||||||
| Donations and legacies: | ||||||
| General needs | 69,123 | - | 69,123 | 4,560 | - | 4,560 |
| School running costs | - | 15,000 | 15,000 | - | 15,261 | 15,261 |
| Meds/lepers | - | 17,200 | 17,200 | - | 18,200 | 18,200 |
| Leprosaria house repairs | - | 3,000 | 3,000 | - | 44,000 | 44,000 |
| Humanitarian/relief | - | 6,000 | 6,000 | - | 12,341 | 12,341 |
| National workers | - | 6,050 | 6,050 | - | 6,050 | 6,050 |
| Emmaus | - | 5,375 | 5,375 | - | 5,125 | 5,125 |
| Building & upkeep of mission property | - | 10,495 | 10,495 | - | - | - |
| New hall | - | 21,250 | 21,250 | - | 26,350 | 26,350 |
| GH roofing repairs | - | 20,000 | 20,000 | - | 8,000 | 8,000 |
| --------- | --------- | --------- | --------- | ---------- | ---------- | |
| Total | 69,123 | 104,370 | 173,493 | 4,560 | 135,327 | 139,887 |
| --------- | --------- | --------- | --------- | --------- | ---------- | |
| RESOURCES EXPENDED | ||||||
| Charitable activities: | ||||||
| General expenses | 38,131 | - | 38,131 | 57,157 | - | 57,157 |
| School running costs | - | 14,508 | 14,508 | - | 16,880 | 16,880 |
| Leprosaria Hall/Camundambala assembly | - |
2,145 | 2,145 | - | - | - |
| Meds/lepers | - | 13,219 | 13,219 | - | 13,606 | 13,606 |
| Leprosaria house repairs | - | 25,527 | 25,527 | - | 2,129 | 2,129 |
| Humanitarian/relief | - | 10,741 | 10,741 | - | 18,954 | 18,954 |
| Business start-ups | - | 412 | 412 | - | - | - |
| National workers | - | 5,792 | 5,792 | - | 7,902 | 7,902 |
| Emmaus | - | 6,873 | 6,873 | - | 6,638 | 6,638 |
| Building & upkeep of mission property | - | 2,184 | 2,184 | - | 3,154 | 3,154 |
| New hall | - | 37,546 | 37,546 | - | 32,493 | 32,493 |
| GH roofing repairs | - | 21,778 | 21,778 | - | - | - |
| Exchange losses & bank charges | 3,087 | - | 3,087 | 1,736 | - | 1,736 |
| --------- | --------- | --------- | --------- | ---------- | ---------- | |
| Total | 41,218 | 140,725 | 181,943 | 58,893 | 101,756 | 160,649 |
| --------- | --------- | --------- | --------- | ---------- | ---------- | |
| NET MOVEMENT IN FUNDS | 27,905 | (36,355) | (8,450) | (54,333) | 33,571 |
(20,762) |
| Reconciliation of funds | ||||||
| Transfers between funds | (3,500) | 3,500 |
- | 12,863 | (12,863) | - |
| Total funds at start of year | 878 | 112,366 | 113,244 | 42,348 | 91,658 | 134,006 |
| --------- | --------- | --------- | --------- | --------- | --------- | |
| Total funds at end of year | 25,283 | 79,511 | 104,794 | 878 | 112,366 | 113,244 |
| --------- | --------- | --------- | --------- | --------- | --------- |
5
PROJECT ANGOLA
BALANCE SHEET at 31 August 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| CURRENT ASSETS | ||
| Bank and cash balances | ||
| Lloyds account (UK) | 92,496 | 105,740 |
| Atlantico account (Angola) | 9,185 | 4,338 |
| Cash (UK) | 1,130 | 1,130 |
| Cash (Angola) | 1,983 | 2,036 |
| ---------- | ----------- | |
| 104,794 | 113,244 | |
| CREDITORS | - | - |
| ---------- | ----------- | |
| NET ASSETS | 104,794 | 113,244 |
| ---------- | ----------- |
Represented by:
ACCUMULATED FUNDS
| Transfers | |||||
|---|---|---|---|---|---|
| At start | Receipts | Payments | between | At end | |
| of year | in year | in year | funds | of year | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General fund | 878 | 69,123 | (41,218) | (3,500) | 25,283 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Restricted funds | |||||
| School running costs | - | 15,000 | (14,508) | - | 492 |
| Leprosaria Hall/Camundambala assembly | 3,206 | - | (2,145) | - | 1,061 |
| Mission transport | 5,276 | - | - | - | 5,276 |
| Meds/lepers | 7,991 | 17,200 | (13,219) | - | 11,972 |
| Leprosaria house repairs | 37,436 | 3,000 | (25,527) | - | 14,909 |
| Humanitarian/relief | 1,449 | 6,000 | (10,741) | 3,500 | 208 |
| Business start-ups | 549 | - | (412) | - | 137 |
| National workers | 5,584 | 6,050 | (5,792) | - | 5,842 |
| Emmaus | 4,341 | 5,375 | (6,873) | - | 2,843 |
| Building & upkeep of mission property | - | 10,495 | (2,184) | - | 8,311 |
| New hall | 38,534 | 21,250 | (37,546) | - | 22,238 |
| GH roofing repairs | 8,000 | 20,000 | (21,778) | - | 6,222 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 112,366 | 104,370 | (140,725) | 3,500 | 79,511 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 113,244 | 173,493 | (181,943) | - | 104,794 |
| ---------- | ---------- | ---------- | ---------- | ---------- |
These accounts were approved by the Board of Trustees on
and signed on its behalf by Andrew Hackett, Trustee
6
PROJECT ANGOLA
NOTES TO THE ACCOUNTS for the year ended 31 August 2025
1 ACCOUNTING POLICIES
Basis of accounting
The accounts have been prepared on the accruals basis under the historical cost convention, and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) (effective 1 January 2019).
Gifts are recognized as income when received. Other income is accounted for on an accruals basis as far as it is prudent to do so.
Expenditure is recognised in the Statement of Financial Activities as it is incurred. Where applicable, accrued expenditure is recognized as a liability in the accounts at the financial year end.
Foreign currencies
Almost all of the expenditure of Project Angola is incurred in Angola. Angolan expenditure denominated in kwanza is translated into sterling pounds at the exchange rate applying at the date of the expenditure. Bank and cash balances denominated in kwanza are translated into sterling pounds at the exchange rate ruling at the period-end date for the purpose of inclusion in the Statement of Assets and Liabilities. The exchange rate ruling at 31 August 2025 was: £1 = Kwanza 1233 (31 August 2024: £1 = Kwanza 1199). Exchange gains or losses arising during the year are treated as receipts or payments respectively.
2 FUNDS
Unrestricted funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the Trustees, at their discretion, have created a fund for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed.
7
PROJECT ANGOLA
Accounts for the year ended 31 August 2025
Registered Charity no:
1184966
Address:
77 High Street West Wickham Cambridge CB21 4SB
Trustees:
Daniel Bennett Andrew Hackett Alexander Howden Brian Howden Deborah Howden Michael Platt Gerald Stock
PROJECT ANGOLA
Accounts for the year ended 31 August 2025
CONTENTS
| Page | |
|---|---|
| Trustees’ Report | 1-3 |
| Independent Examiner’s Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 |
PROJECT ANGOLA
TRUSTEES’ REPORT for the year ended 31 August 2025
The Trustees have pleasure in presenting their report with the accounts of the charity for the year ended 31 August 2025.
Charitable status
The charity was constituted by Trust Deed dated 14 August 2019 and was granted the status of a registered charity by the Charity Commissioners for England and Wales on 20 August 2019. Its registered number is 1184966.
Charitable objects
The objects of the charity are:
-
i) the advancement of education in Angola by supporting the building, maintenance and equipping of primary schools providing free education;
-
ii) the relief of poverty, suffering and distress in Angola, in particular by caring for the sick, providing medicines and providing humanitarian aid;
-
iii) the advancement of the Christian religion in Angola by providing or assisting with the provision and maintenance of church buildings for use as places of worship, and the provision and maintenance of church mission property.
The charity’s objects are undertaken in accordance with Christian principles.
Trustees
The Trustees who served during the year and up to the date of this Report are:
Daniel Bennett (appointed 20 March 2026) Michael Buckeridge (resigned 16 October 2025) Andrew Hackett Alexander Howden Brian Howden Deborah Howden Michael Platt (appointed 20 March 2026) Gerald Stock
Activities and achievements
During this financial year, we have continued to provide essential aid and support to vulnerable communities across Angola. A significant part of our work has involved distributing food parcels to families and individuals experiencing severe poverty within local neighbourhoods.
1
PROJECT ANGOLA
TRUSTEES’ REPORT, continued for the year ended 31 August 2025
Activities and achievements, continued
Our focus this year has been on improving community infrastructure. We have supplied roofing sheets to several local churches, enabling them to replace unsafe and deteriorated roofs. The clinic in Camundambala has also benefited from substantial upgrades, including the installation of new roofing sheets, retiling of floors, electrical improvements, and the fitting of new doors and windows.
In addition, several old mud-brick buildings have been replaced with more durable concrete structures for community use. We have continued to purchase and supply essential medicines for the local clinic to ensure ongoing healthcare provision.
Further improvements have been made to household facilities, with many families receiving upgraded kitchens and latrines—transitioning from temporary mud-brick structures to longer-lasting concrete buildings.
Construction work on the local church has also progressed, with mezzanine floors, staircases, windows, and doors now installed. Importantly, these projects have enabled us to employ local workers consistently, providing them with regular income and contributing to the economic stability of the area.
Financial Review
The results for the year are set out on pages 4 and 5. The Trustees report a deficit for the year of £8,450 (2024 – deficit of £20,762). The charity held bank and cash balances of £104,794 (2024 - £113,244) at the year-end.
Reserves policy
It is the policy of the Trustees to maintain sufficient reserves in the General Fund to cover known expenditure commitments in the foreseeable future.
Statement on public benefit
In deciding what activities the charity should undertake during the period, the Trustees have paid due regard to The Charity Commission’s guidance on public benefit. The Trustees consider that the objects for which the Trust was registered as a charity, and the activities during the period, are for the public benefit.
Responsibilities of the Trustees regarding the accounts
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
2
PROJECT ANGOLA
TRUSTEES’ REPORT, continued for the year ended 31 August 2025
Responsibilities of the Trustees regarding the accounts, continued
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources for that year. In preparing those financial statements the Trustees are required to:
-
Select suitable accounting policies and apply them consistently;
-
Observe the methods and principles of the Charities Statement of Recommended Practice, ‘Accounting and Reporting by Charities’;
-
Make judgements and estimates that are reasonable and prudent;
-
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity, and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, and the provisions of the trust deed. The Trustees 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 Trustees are responsible for the maintenance and integrity of the charity in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
Signed on behalf of the Trustees
Andrew Hackett
Date:
3
INDEPENDENT EXAMINER’S REPORT to the Trustees of PROJECT ANGOLA
I report on the accounts of Project Angola for the year ended 31 August 2025, which are set out on pages 5 to 7.
Respective responsibilities of Trustees and Examiner
The charity’s Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
It is my responsibility:
-
to examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of Independent Examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. My report is limited to those matters set out in the statement below.
Independent Examiner’s statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in respect of the charity in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Andrew J Geary Chartered Accountant
Geary Partnership Chartered Accountants 159a Chase Side Enfield EN2 0PW
Date:
4
PROJECT ANGOLA
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2025
| Year ended | Year ended | Year ended | Year ended | |||
|---|---|---|---|---|---|---|
| 31 Aug 2025 | 31 Aug 2024 | |||||
| ------------------------------------------------ | ------------------------------------------- | |||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| funds | funds | funds | funds | funds | funds | |
| £ | £ | £ | £ | £ | £ | |
| INCOMING RESOURCES | ||||||
| Donations and legacies: | ||||||
| General needs | 69,123 | - | 69,123 | 4,560 | - | 4,560 |
| School running costs | - | 15,000 | 15,000 | - | 15,261 | 15,261 |
| Meds/lepers | - | 17,200 | 17,200 | - | 18,200 | 18,200 |
| Leprosaria house repairs | - | 3,000 | 3,000 | - | 44,000 | 44,000 |
| Humanitarian/relief | - | 6,000 | 6,000 | - | 12,341 | 12,341 |
| National workers | - | 6,050 | 6,050 | - | 6,050 | 6,050 |
| Emmaus | - | 5,375 | 5,375 | - | 5,125 | 5,125 |
| Building & upkeep of mission property | - | 10,495 | 10,495 | - | - | - |
| New hall | - | 21,250 | 21,250 | - | 26,350 | 26,350 |
| GH roofing repairs | - | 20,000 | 20,000 | - | 8,000 | 8,000 |
| --------- | --------- | --------- | --------- | ---------- | ---------- | |
| Total | 69,123 | 104,370 | 173,493 | 4,560 | 135,327 | 139,887 |
| --------- | --------- | --------- | --------- | --------- | ---------- | |
| RESOURCES EXPENDED | ||||||
| Charitable activities: | ||||||
| General expenses | 38,131 | - | 38,131 | 57,157 | - | 57,157 |
| School running costs | - | 14,508 | 14,508 | - | 16,880 | 16,880 |
| Leprosaria Hall/Camundambala assembly | - |
2,145 | 2,145 | - | - | - |
| Meds/lepers | - | 13,219 | 13,219 | - | 13,606 | 13,606 |
| Leprosaria house repairs | - | 25,527 | 25,527 | - | 2,129 | 2,129 |
| Humanitarian/relief | - | 10,741 | 10,741 | - | 18,954 | 18,954 |
| Business start-ups | - | 412 | 412 | - | - | - |
| National workers | - | 5,792 | 5,792 | - | 7,902 | 7,902 |
| Emmaus | - | 6,873 | 6,873 | - | 6,638 | 6,638 |
| Building & upkeep of mission property | - | 2,184 | 2,184 | - | 3,154 | 3,154 |
| New hall | - | 37,546 | 37,546 | - | 32,493 | 32,493 |
| GH roofing repairs | - | 21,778 | 21,778 | - | - | - |
| Exchange losses & bank charges | 3,087 | - | 3,087 | 1,736 | - | 1,736 |
| --------- | --------- | --------- | --------- | ---------- | ---------- | |
| Total | 41,218 | 140,725 | 181,943 | 58,893 | 101,756 | 160,649 |
| --------- | --------- | --------- | --------- | ---------- | ---------- | |
| NET MOVEMENT IN FUNDS | 27,905 | (36,355) | (8,450) | (54,333) | 33,571 |
(20,762) |
| Reconciliation of funds | ||||||
| Transfers between funds | (3,500) | 3,500 |
- | 12,863 | (12,863) | - |
| Total funds at start of year | 878 | 112,366 | 113,244 | 42,348 | 91,658 | 134,006 |
| --------- | --------- | --------- | --------- | --------- | --------- | |
| Total funds at end of year | 25,283 | 79,511 | 104,794 | 878 | 112,366 | 113,244 |
| --------- | --------- | --------- | --------- | --------- | --------- |
5
PROJECT ANGOLA
BALANCE SHEET at 31 August 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| CURRENT ASSETS | ||
| Bank and cash balances | ||
| Lloyds account (UK) | 92,496 | 105,740 |
| Atlantico account (Angola) | 9,185 | 4,338 |
| Cash (UK) | 1,130 | 1,130 |
| Cash (Angola) | 1,983 | 2,036 |
| ---------- | ----------- | |
| 104,794 | 113,244 | |
| CREDITORS | - | - |
| ---------- | ----------- | |
| NET ASSETS | 104,794 | 113,244 |
| ---------- | ----------- |
Represented by:
ACCUMULATED FUNDS
| Transfers | |||||
|---|---|---|---|---|---|
| At start | Receipts | Payments | between | At end | |
| of year | in year | in year | funds | of year | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General fund | 878 | 69,123 | (41,218) | (3,500) | 25,283 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Restricted funds | |||||
| School running costs | - | 15,000 | (14,508) | - | 492 |
| Leprosaria Hall/Camundambala assembly | 3,206 | - | (2,145) | - | 1,061 |
| Mission transport | 5,276 | - | - | - | 5,276 |
| Meds/lepers | 7,991 | 17,200 | (13,219) | - | 11,972 |
| Leprosaria house repairs | 37,436 | 3,000 | (25,527) | - | 14,909 |
| Humanitarian/relief | 1,449 | 6,000 | (10,741) | 3,500 | 208 |
| Business start-ups | 549 | - | (412) | - | 137 |
| National workers | 5,584 | 6,050 | (5,792) | - | 5,842 |
| Emmaus | 4,341 | 5,375 | (6,873) | - | 2,843 |
| Building & upkeep of mission property | - | 10,495 | (2,184) | - | 8,311 |
| New hall | 38,534 | 21,250 | (37,546) | - | 22,238 |
| GH roofing repairs | 8,000 | 20,000 | (21,778) | - | 6,222 |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| 112,366 | 104,370 | (140,725) | 3,500 | 79,511 | |
| ---------- | ---------- | ---------- | ---------- | ---------- | |
| Total | 113,244 | 173,493 | (181,943) | - | 104,794 |
| ---------- | ---------- | ---------- | ---------- | ---------- |
These accounts were approved by the Board of Trustees on
and signed on its behalf by Andrew Hackett, Trustee
6
PROJECT ANGOLA
NOTES TO THE ACCOUNTS for the year ended 31 August 2025
1 ACCOUNTING POLICIES
Basis of accounting
The accounts have been prepared on the accruals basis under the historical cost convention, and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) (effective 1 January 2019).
Gifts are recognized as income when received. Other income is accounted for on an accruals basis as far as it is prudent to do so.
Expenditure is recognised in the Statement of Financial Activities as it is incurred. Where applicable, accrued expenditure is recognized as a liability in the accounts at the financial year end.
Foreign currencies
Almost all of the expenditure of Project Angola is incurred in Angola. Angolan expenditure denominated in kwanza is translated into sterling pounds at the exchange rate applying at the date of the expenditure. Bank and cash balances denominated in kwanza are translated into sterling pounds at the exchange rate ruling at the period-end date for the purpose of inclusion in the Statement of Assets and Liabilities. The exchange rate ruling at 31 August 2025 was: £1 = Kwanza 1233 (31 August 2024: £1 = Kwanza 1199). Exchange gains or losses arising during the year are treated as receipts or payments respectively.
2 FUNDS
Unrestricted funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the Trustees, at their discretion, have created a fund for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed.
7
INDEPENDELYf EXAMINER'S REPORT to the Truslees of PROJECT ANGOLA I rcport on the account5 of Project Angola for the year ¢nd¢d 31 August 2025, which are set out on pages 5 to 7. Respeetive responsibilitAe$ of Trustees and Examiller The charity's Trustees are responsible for the preparation of the accounts. The Truste¢s consider that an audit is nol rcquircd for this pcriod under section 144(2} of the Charities Act 2011 {th¢ 2011 Act) and that an independent examination is needed. l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. It is my r¢sponsibility'. to ¢xainin¢ the accounts under section 145 of the 201 l Act; to follow the procedures laid down in thc General Directions given by the Charity Commission under section 145(5}(b) of the 2011 Act; and to state whether particular matters have come to Jny attention. B2$i$ of Independent Examiller's report My examination was carried out in accordance with the Gen¢ral Directions given by the Charity Comtnission. An examination includes a review of Ihc accounting records kept by the church and a comparison of the accounts present¢d with those records. It also includes consideration of any unusual items or disclosures in the &ccounis. and seeking explanaiions from the Trustees ¢oncerning any such matters. The procedures undertaken do not provide all the evidence ihat would b¢ required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. My report is limited to those matters set out in the stat¢ment below. Independent Exgminer's $tstement In connection with my examination, no matter has come to my attention.. ( l ) which gives me reasonable cause to believe that in any material resp¢ct the requirements to keep accounting records in respect of the charity in accordance with section 130 of the 2011 Act. and to prepore accounts which accord with the accounting rwords and eomply with th¢ accounting requirem¢nts of the 2011 A¢t have not been met- or (2) to WhiC.1n my opinion, attcntion should be drawn in order to enable a proper understanding of the accounts lo be reach¢d. drew J *rtered Accountant Geary Partnership Chartered Accountants 159a Chase Side Enfield EN2 OPW Date: 3Q 2926