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1961–2021
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Operation Agri CIO Annual Report and Accounts 31 October 2021 **Operation Agri** is a development charity which supports Christian-led rural and urban development projects in three continents, showing the love of Jesus in action by attacking the basic causes of poverty amongst some of the most disadvantaged people in the world, regardless of their religious, ethnic, and cultural backgrounds. **OA supports sustainable development work** such as agricultural centres to assist farmers, and irrigation schemes for rural communities. OA also supports projects that bring lasting improvement to people’s lives, such as basic health clinics, and women’s empowerment groups and education in urban slums. The following report outlines some of the projects that have been supported during the year. 2 ## Contents ||Pages| |---|---| |Report of Trustees|4–14| |Statement of Financial Activities and Balance Sheet|15–16| |Notes to the Financial Statements|
17–21| |Independent Examiner’s Report
|
22| 3 ## Chairman’s remarks Throughout the year the programmes of the charity’s overseas partners were all affected by the Covid pandemic. Some activities were completely suspended for all or part of the year, while others continued albeit radically curtailed. The trustees kept in close contact with each partner, continuing grant support so that staff could be retained in anticipation of a full resumption of activities when conditions permitted. A number of programmes were extended beyond their anticipated completion dates; in some instances, funds have been carried forward into the 21-22 year. The charity’s policy of flexibility allows it to adapt quickly to the needs of individual partners in situations such as those experienced during this year. Financial pressures continue upon all charities due to the pandemic and we were encouraged to have completed a year with an income of £162,793 (BMM & CIO consolidated) compared with last year of £152,055. Opening the year with a balance of £92,042, grants to projects amounted to £110,477 compared to last years of £149,335. We look forward to the new financial year when, we pray, we will see further encouragement. For almost two decades Rev Paul Kyalimpa was a highly regarded partner based in Uganda, working with the Baptist Union of that country. He pioneered some radical changes to traditional practices, all aimed at improving subsistence farmers’ productivity and sustainability with minimum use of bought-in supplies. Groups of farmers attended training courses, challenged to demonstrate what they learnt to other farmers in their own communities. Paul used this system in a number of different areas of Uganda and also introduced it in NW Tanzania under Rev Heavenlight Luoga‘s Farming Partners Initiative. We were saddened to hear of Paul’s sudden death in August (but heartened to hear that he’d been singing hymns in his hospital bed!). It’s encouraging to report that his family has committed to continuing his work. In UK, the trustees were poised to resume the programme of outreach at local Baptist Association events, faming shows and at Victoria station on world Earth Day – 22nd April (adopted as Operation Agri Day). Sadly, all were cancelled. In the autumn some churches were able to have traditional harvest services using the usual resources which this year featured Paul Kyalimpa’s work with farmers in Uganda plus the literacy programme with local women, arising from his wife’s concern. The charity kept in touch with supporters by means of the quarterly magazine **‘Outreach Abroad’** , a monthly email news update, four much appreciated ‘webinars’ and through social media. As part of OA’s 60th anniversary year, friends supported various sponsored events. These included our runner in the London Marathon, Paul Reddaway, who raised over £4000. My wife, Gill and I, commemorating our golden wedding, were very touched when friends helped contribute £3,500 for a water project in Nepal The **‘Presents with a Purpose’** scheme offering ‘alternative gifts’ continued to be popular, especially drawing close to Christmas. Cards, prepared individually by Malcolm Drummond, the charity’s administrator, were usually despatched the same day they were ordered. Under the circumstances the trustees were encouraged and grateful to God that gift income was sustained. Appreciation is expressed for the prayers and gifts, however large or small, received from churches and individual supporters which enable Operation Agri’s work to continue. 4 **----- Start of picture text -----**
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## **1961–2021** Following the reductions in grants imposed at the start of the year, the trustees adopted a budget for the coming year 2021-22 which does not impose any cuts in the charity’s support of its overseas partners, although sadly no significantly increased grants are possible. The needs of the world’s poorest continue to be challenging. The charity’s trustees find it profitable to meet face-to-face occasionally but due to Covid restrictions this was possible on only one occasion this year (in September in London). Otherwise, they met electronically each month, three times primarily to transact business and the remaining occasions for prayer when they were often joined by an overseas partner for an extended report. During the year the charity completed its adoption of a suite of formal policy statements. The charity is moving towards storage of its documents online. Operation Agri as a Charitable Incorporated Organisation ( CIO ) was registered with the Charity Commission in April 2020 and the activities of the charity are being transferred to this new body, without any change in its aim – **‘In the name of Jesus Christ to help some of the world’s neediest people by means of long-term sustainable development’.** The charity is continually examining all costs with a view to eliminating waste and keeping expenditure as low as possible without undermining its effectiveness. With this in mind, as much correspondence as possible with supporters is undertaken by email, while respecting those who prefer paper copies of receipts, etc. Most resources can be ordered on-line or downloaded from the web-site. Last but not least, the chairman is very grateful to every trustee, all of whom are involved in the daily activities of the charity, spending valuable voluntary time to the benefit of Operation Agri and those whom the charity serves overseas. The following summarise the various projects supported by the charity during the year and again I thank all the donors and supporters of Operation Agri who have been such an encouragement in yet another challenging year. J.R.Ashley-Smith Chairman Considerable work was done on an updated version of the charity’s website which was almost ready to be brought on-line at the end of the year. The trustees are grateful to several supporters who helped the charity professionally in different ways. Other services, e.g. design and printing, were purchased from individuals and companies who served the charity well through the year. The charity is grateful to Malcolm Drummond, its part-time administrator who, working from home, has handled a variety of essential ‘back-room’ tasks as well as being the charity’s public contact for many supporters. 5 ## Projects **----- Start of picture text -----**
CMYC:
Christian Ministry
to Children &
GRANT of
Youth
£16,000
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## **BANGLADESH** Duaripara Family Development Project supports 125 girls aged 3–13 who are currently, or potentially, at risk of sexual or commercial exploitation. The project does this by providing educational support for the girls who would otherwise struggle to get an education, teaches them life skills, and helps them to understand their rights. Additionally, the project works with the girls’ families in the community, with, for example, health promotion activities, income generation, and by addressing domestic violence which is common in Duaripara. **----- Start of picture text -----**
Oasis India
GRANT of
£2,195
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African
Pastors
GRANT of GRANT of
Fellowship
£2,195 £4,200
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## **INDIA** ## **MALAWI** MALAWI The Community Development project serves the community of Bhaskar Nagar in Kalwa East and aims to equip residents with transformational skills and knowledge, focusing on education, health care, and community safety. It seeks to impact the lives of children and women who have been trafficked or who are at risk of trafficking; unemployed youth aged 18–25; and men who need support in gaining jobs, or healthcare. In all cases, priority is given to those living with a disability or living with HIV. The Farming Training project was started in 2016, and extended in 2020, to complete the training. The project trains subsistence farmers to combat climate change and help improve food security. Some participants have been able to buy livestock with increased incomes, and offer food support to orphans, widows and other vulnerable people in their communities. The Community Trainers team has recently increased to 9, and enabled them to reach more people and increase training in agroforestry and business. 6 **----- Start of picture text -----**
Oasis Global
GRANT of
£4,200
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MDCS:
Multi-Purpose
Community
Development Service
via BMS GRANTED
£23,650
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## **NEPAL** MALAWI ## **MOZAMBIQUE** The two Nepal projects share similar objectives. **CHEST** works in an area impacted by the 2015 earthquakes and **CHEP** is located in a remote location which until recently had no vehicle access. Both work by establishing and equipping Self Help Groups, mainly of women, a forum in which the community can learn new skills and knowledge. Protection and sustainability of the groups is secured by the formation and registration of local Co-operatives. The **CHEST** project includes hygiene, income generation, education, creation care and disaster preparedness. The Commercial Farming Training Project in Manga Loforte, Beira, trains women in farming techniques including preparing land, crop diversification and conservation techniques. Women learn to grow vegetables like carrots, onions and garlic, from seeds on small plots of land next to their homes, and in turn train and support their neighbours. They are supported to set up small businesses, selling vegetables to improve family income. Women are also encouraged to join Savings Groups to afford better food and provide for their children’s education. The women see improvements to their skills, income, confidence and self-esteem. The **CHEP** team provides training in agriculture, education and adult literacy classes. **----- Start of picture text -----**
AMOS:
A Ministry GRANT of
of Sharing
£6,025
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## **NICARAGUA** **AMOS** is primarily concerned with improving health in Nicaragua, one of the poorest countries in Latin America. It seeks to achieve this by building the capacity of Community-Based Primary Health Care. AMOS works in 6 regions of Nicaragua where their Health Promoters serve 25 communities. These fully trained volunteers are equipped with educational materials, medications, equipment and supplies to strengthen community health systems, and implement practices that improve physical, spiritual, and emotional wellbeing. There is a focus on maternal and child health. 7 ## Projects **----- Start of picture text -----**
LFTN:
Light for the GRANT of
Nations £5,504
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## **PAKISTAN** In Pakistan, jobs that are considered ‘unclean’ are officially reserved for Christians. Light for the Nations provides skills training for poor women in the Lahore region of Pakistan, for mostly, (though not exclusively), Christians. One key service is providing dressmaking skills and literacy training for disadvantaged women. There is a huge market for clothing, so dressmaking skills are especially beneficial. With these they can work independently and help support their family. Each training course lasts 6 months, after which the trainees are able to read and write, handle their finances, and get gainful employment as dressmakers. **----- Start of picture text -----**
FPI:
Farmers Pastors
Initiative
Emmanuel International
(Imarika)
GRANTED
£16,385
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LEADS:
Lanka Evangelical
Alliance
Development
Service
GRANT of
£14,506
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## **SRI LANKA** ## **TANZANIA** LAWI The project aims to increase household food security of resettled communities through sustainable mechanisms, and to improve child protection and child participation, including children’s clubs. In particular in decision-making; enhanced opportunities for children and teachers for improved education in a safe environment; and strengthening families to generate agricultural income and improve nutrition. This involves improving access to water, developing women’s self-help groups for savings, and facilitating training in agriculture and good nutrition. **IMARIKA:** Community groups are formed and after initial workshops on self-reliance and village community banking, are offered training in two of the following skills: conservation agriculture, fuel efficient stoves making, afforestation, beekeeping or poultry keeping. **FPI IN KARAGWE:** Provides training for farmers in sustainable farming techniques to improve crop yields in the face of climate change and low yields. 8 **BUU: (Sustainable Agriculture Farming Initiatives and WALP – Women’s Literacy project.) SDKF: Setting Development and Keeping the Foundation** ## **UGANDA** **SAFI:** The purpose is to help rural subsistence farms become agrobusinesses, by increasing yields through conservation agriculture, introducing better breeds, and decreasing reliance on expensive bought-in resources. **WALP:** To teach Illiterate women to read and write in Rutooro and to calculate, to enable them to access information so they can successfully run ‘businesses’. **SKDF:** Started in 2006 and has trained over 1,500 disadvantaged youths in Tailoring and Design, Hairdressing and latterly Motorcycle Mechanics. **----- Start of picture text -----**
GRANTED
£17,808
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9 ## References and administrative details ## Additional points: Operation Agri BMM establishes Operation Agri (CIO). At a Trustees meeting on 28th January 2021 the Trustees approved the transfer of financial assets from Operation Agri BMM to Operation Agri (CIO) over a transitional period beginning with the transfer of £10,000. In due course Operation Agri BMM will be closed and Operation Agri (CIO) will continue the work of grant funding. Trustees of Operation Agri BMM all became Trustees of Operation Agri (CIO) - 1.1 The Charity’s name is: **Operation Agri BMM also known as Operation Agri and Outreach Abroad.** - 1.2 The Charity’s registration number is: 1189098 - 1.3 The address of the principal office of the Charity is: - 361 Firs Lane, Palmers Green, London N13 5LX Telephone: 0800 915 3201 - email: admin@operationagri.org.uk - Website: www.operationagri.org.uk - 1.4 The names of all those who were the Charity’s trustees on the date the report was approved are: - 1.4.1 Mr Russell Ashley-Smith London (Chair) - 1.4.2 Rev. Nigel Jones Purley (Secretary) 1.4.8 Mr Julian Durbin Shrewsbury 1.4.9 Mrs Jane Hanger Coventry - 1.4.10 Miss Marisa Rawlins London 1.4.11 It is noted that Rev. Dr. Malcolm Drummond attends most trustees meetings as the Administrator to take the minutes of meetings. He is a non-voting attendee. - 1.5 The trustees’ status at the 2021 AGM and their terms of service: - 1.5.1 Mr Russell Ashley-Smith Chairman until 2023 AGM - 1.5.2 Mr Martin Butterworth Overseas Secretary until 2022 AGM - 1.5.3 Mr Stan Crees Continuing until 2022 AGM - 1.5.4 Rev Nigel Jones Secretary until 2024 AGM - 1.5.5 Mrs E. Jane Hanger Re-elected until 2023 AGM - 1.5.6 Mrs Gillian Ashley-Smith Continuing until 2024 AGM - 1.5.7 Mr Jeremy Clewett Continuing until 2024 AGM - 1.5.8 Mr James Townsend Treasurer until 2024 AGM - 1.5.9 Mr Julian Durbin Continuing until 2022 AGM - 1.5.10 Miss Marisa Rawlins Elected until 2023 AGM - 1.4.3 Mr James Townsend Coulsdon (Treasurer) - 1.4.4 Mr Martin Butterworth Shipley (Overseas Secretary) - 1.4.5 Mrs Gillian Ashley-Smith London - 1.4.6 Mr Jeremy Clewett Plaistow 1.4.7 Mr Stan Crees Wallington 10 - 1.7 According to the constitution there will be four officers, namely, Chairman, Secretary, Overseas Secretary, and Treasurer. They shall be elected at the AGM and will normally hold office for three years and be eligible for re-appointment. Although not officers the trustees have identified the need for a Deputy Chairman and Deputy Secretary. The Deputy Chairman is Nigel Jones. The Deputy Secretary role is not currently filled. - 1.8 Trustees serving on the Donors Group are: Gillian Ashley-Smith, Russell Ashley Smith, Julian Durbin, Nigel Jones and James Townsend. - 1.9 Trustees serving on the Grants Group are: Russell Ashley-Smith, Martin Butterworth Jeremy Clewett, Stan Crees, Jane Hanger, James Townsend and Marisa Rawlins - 1.10 The Independent Examiners are: The Rowley Partnership Ltd., Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester LE19 1WP - 1.11 The Bankers continue to be: - 1.11.1 Bank of Scotland Direct Banking, Pentland House, 8 Lochside Avenue Edinburgh EH12 9DJ - 1.11.2 The Co-operative Bank plc - PO Box 101, 1 Balloon Street Manchester M60 4EP 1.12 Two banks are maintained to ensure that Operation Agri will be able to take full benefit of the UK Government’s scheme to protect depositors in the case of banks suffering insolvency or a severe decline in market confidence. Having two separate banks enables Operation Agri to retain all its funds within the UK Government’s nominated level of support. ## 2.1. **ACCOUNTING** The Trustees present their report with the financial statements of the Charity for the year ended 31st October 2021. The Trustees have adopted the provisions of 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 and Republic of Ireland (FRS 102) (effective 1 January 2019). ## 2.2. **REPORTING** The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity’s governing document, the Charities Act 2011 and 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 and Republic of Ireland published in October 2019. ## 2.3 **BEGINNINGS** Operation Agri BMM began as a subsidiary of the registered Charity Baptist Men’s Movement (BMM) in March 1961 and became an independent registered Charity in April 1998. ## 2.4 **COMPLIANCE** The Trustees have had regard to the Charity Commission’s guidance on public benefit. The Trustees rigorously ensure that any project supported by Operation Agri is in line with the Charity’s objects and aims and complies with the Charity Commission’s general guidance on the prevention and relief of poverty for the public benefit. ## 2.5. **GOVERNING DOCUMENT** 11 ## Administrative details The Charity is governed by Constitution, adopted on 17 April 2020. ## 2.6 **DEVELOPMENT** The Charity insists that, where grants are made, they are used to help the poorest, or most disadvantaged, people in the community. Considerable emphasis is placed on projects being underpinned by two criteria: that the project is ‘owned’ by the local people, and, if possible, has the capacity to become a self-funding and an ongoing activity. Operation Agri aims to help people improve their situation in such a way that they can experience achievement and become able to maintain the progress attained. Where a project can reasonably be expected to move towards at least a degree of self-sufficiency, Operation Agri’s policy is to provide a grant that reduces year by year unless that would harm the project in any way. ## 2.7 **COMPASSION** The Charity does not usually meet the personal support needs of expatriate workers although, in several projects, we help to support local workers. Some of the churches and bodies with whom we work are partners with BMS World Mission (BMS). Operation Agri’s over-riding aim is that, by experiencing, or witnessing, the love of Christ in action, people may learn of the all-embracing compassion of God our Father and the means of salvation through Jesus Christ. Operation Agri trustees and BMS staff meet formally once per year but communicate frequently on project matters. ## 2.8 **PARTNERS and Partnerships** The Charity does not employ any overseas workers. A number of the development projects financed through O.A. are managed by experienced Christian-led overseas partners who have the same aims as OA and to whom we express our appreciation for their effective working relationships. We continue to communicate with them for grant making purposes as well as for prayer requests. ## 2.8.1 **Current Project Partners:** Bangladesh: CMCY – Christian Ministry to Children & Youth India: Oasis India Malawi: African Pastors Fellowship Mozambique: Oasis Global Nepal: MCDS – Multi-Purpose Community Development Service via BMS Nicaragua: AMOS – A Ministry of Sharing - Pakistan: LFTN – Light for the Nations Sri-Lanka: LEADS – Lanka Evangelical Alliance Development Service - Tanzania: FPI - Farmers Pastors Initiative Emmanuel International (Imarika) Uganda: BUU – Baptist Union of Uganda (Sustainable Agriculture Farming Initiatives and WALP – Women’s Literacy project.) - SDKF – Setting Development and Keeping the Foundation ## 2.9 **MAGAZINE** Partners are frequently asked to contribute articles for the magazine Outreach Abroad. Their pieces are always insightful into the ways the teams work and the results they achieve. Particularly welcome are the personal testimonies from people and families who have been enabled to move out poverty and given hope. ## 2.10 **PRAISE** Operation Agri has maintained its mission despite ongoing financial pressures especially with the uncertainty that remains around the UK leaving the European Union (commonly called BREXIT). However, the COVID-19 pandemic has significantly 12 reduced income and, hence, projected grants for the year 2020-21. Operation Agri continues to make grants, in line with commitments, in local currency so that partners do not suffer from fluctuations in the value of the GBP. ## 2.11 **60th Anniversary** We give thanks that through sixty years Operation Agri has been able to support millions of people in families and communities; lifting many of them from poverty to surplus farming and giving countless others, skills for a meaningful future. This year the trustees publicised the 60th anniversary including a map of the projects, both of which were published in January 2021. ## 2.12 **PROJECTS** This year grants, totalling £110,474 were given to support fifteen projects in ten countries across 3 continents: the sums involved ranged from £1,770–£20,000. ## 2.13 **DONATIONS** Like many charities, Operation Agri is still affected by economic uncertainty, rises in the cost of living and low interest rates. ## 2.14. **CONTROLS** By maintaining tight control on expenditure and management of activities Operation Agri has kept grants at the highest possible level and has been able to support on-going and new projects. We believe our aim of attacking the basic causes of poverty in countries in the developing world continues to be achieved. The income to grant ratio is as high as possible. ## 2.15. **PERFORMANCE** The Trustees have ensured that the Charity has, at all times, through the year, operated wholly in accord with its Objects as identified in its Constitution. ## 2.16 **PROJECTS** The Trustees have continued with their established practices when assessing applications for grants towards the support of projects. The Charity is well served by a panel of appropriately experienced people who assist in appraising applications and evaluating subsequent reports. Their scrutiny of an initial proposal identifies areas for clarification or further explanation. Consideration is then given to the need for good local management of and the ability of Operation Agri to monitor the work through the lifetime of any grant, where again the assessor’s input on the ongoing reports is very valuable. Careful scrutiny is particularly significant when a proposed project is in a country in which we are not currently active. A project usually needs to be in the hands of an established church or registered organisation and not an individual. The Charity requires regular narrative reports and audited accounts for each grant made. ## 2.17 **APPEAL** The annual appeal for 2020/21 was ‘Go for Growth in Uganda’. Operation Agri is expressing Christian Love in Action by training farmers, and supporting livelihoods and communities. ## 2.18 **PLANS** The Trustees remain committed to pursuing the aims and objectives of the Charity by maintaining existing partnerships and seeking other opportunities for partnership. As in previous years they will continue to further develop and strengthen the established network of supporters and seek a strategic broadening of the present supporter base. ## 2.19 **STATUS** This new charity with the status of Charitable Incorporated Organisation (Foundation type) was granted by the Charity Commission in April 2020. Having established bank accounts in the new name – ‘Operation Agri’ (without ‘BMM’) and new charity number, the situation was publicised and transition commenced. A separate Annual Report is produced for the new CIO charity. ## 2.20 **ORGANISATION** Operation Agri maintains its organisation structure 13 ## Administrative details of having two groups. Trustees are normally assigned to either the Grants Group or the Donors Group for day to day working. The normal exception being that the Chair and the Treasurer are assigned to both groups. The Grants Group has, as its main aim, the consideration of project bids through to ongoing analysis of reports. The Donors Group focuses on the income and the administrative matters of running the Charity. ## 2.21 **COMMUNICATION** Much of the business of Operation Agri is undertaken via conference calls to reduce the expense in time and cost associated with travelling to meetings and the booking of venues. However, the trustees believe that face-to-face meetings aid communication and fellowship and one such meeting was possible in September. The Trustees of Operation Agri BMM, having taken guidance from the Charity Commission, decided to hold the 21st Annual General Meeting online using Microsoft Teams, recorded that decision in the minutes of one of its previous meetings, and advertised the same in Outreach Abroad, on the website and in emails. Everyone who asked for access to the meeting was granted a Teams invitation and was able to attend. ## 2.22 **TECHNOLOGY** Black Owl continues to support the website and has enabled the trustees to make good use of Office 365, now Microsoft 365. 2.23 **FRAUD** There is no evidence of any fraudulent activity with all transactions being properly accounted. ## 2.25 **RESERVES** The trustees confirm that the Charity has a reserves policy adequate to meet unplanned expenditure – a minimum reserve of £20,000 across both Operation Agri BMM & Operation Agri CIO has been identified. The reduced amount from previous years is a direct result of ending our commitment to the Baptist Union Pension Scheme. ## 2.26 **SAFEGUARDING** The Charity does have a safeguarding policy relating to work with children or vulnerable adults although none of the Charity’s trustees, nor its administrator, work with any such people. During the year, the Overseas Secretary continued to work with our partners to develop a policy relating to the work they do with children and vulnerable adults overseas. ## 2.27 **DATABASE** The Charity maintains a database of supporters which is regarded as confidential and maintained in accordance with current UK legislation. Approved by the Trustees on ....................................... and signed on behalf of the Trustees of Operation Agri BMM by: N.Jones Secretary .................................................................................................... ## 2.24 **REPORTING** The Trustees are not aware of anything else which would have required a report to the Charity Commission. 14 ## **STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 OCTOBER 2021OPERATION AGRI (CIO)** **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2021** |**Income and endowments from:**
**Note**
Donations and legacies
4
_Charitable activities:_
Tanzania 'Time for Trees'
Uganda 'Go for Growth'
**Total Income and Endowments**
**Expenditure on:**
Support costs
5
**Total Expenditure**
**Net income / (expenditure)**
**Net Movement in Funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Restricted**
**Total**
**Unrestricted Restricted**
**Total**
**Funds**
**Funds**
**2021**
**Funds**
**Funds**
**2020**
**£**
**£**
**£**
**£**
**£**
**£**
47,235
7,130
54,365
-
-
-
-
168
-
168
-
-
-
14,918
-
14,918
-
-
-
62,231
7,130
69,451
0
0
0
1,500
-
1,500
-
-
-
1,500
0
1,500
0
0
0
60,821
7,130
67,951
0
0
0
60,821
7,130
67,951
0
0
0
~~0~~
-
0
-
-
-
60,821
7,130
67,951
0
0
0
^
^
^
62,321| |---|---| 15 ## Operation Agri CIO ## **BALANCE SHEET AS AT 31st OCTOBER 2021** |**BALANCE SHEET AS AT 31 OCTOBER 2021**|**BALANCE SHEET AS AT 31 OCTOBER 2021**| |---|---| |**Note**
**Current Assets:**
Debtors (Gift Aid)
**6**
Cash at bank and in hand
**Creditors:**
Amounts falling due within one year
**7**
**Net Current Assets**
**Net Assets**
**Funds:**
Unrestricted
**8**
Restricted
**9**
**Total Funds**|**2021**
2020
£
£
4,805
64,646
0
69,451
1,500
0
67,951
67,951
0
60,821
0
7,130
0
67,951
0| The financial statements were approved by the Trustees on ………………………….. Russell Ashley-Smith _Chairman_ The notes form part of these financial statements 16 ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st OCOBER 2021** Operation Agri (CIO) was established on 17th April 2020 and subsequently Operation Agri BMM Reg. 1069349 has been transferring donors, assets and expenditure through Operation Agri (CIO) Reg. 1189098. ## 1.1 BASIS OF PREPARING THE FINANCIAL STATEMENTS Operation Agri (CIO) is an incorporated charity registered in England and Wales. The address of the charity is given in the Report of the Trustees. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements of the charity have been prepared in accordance with the Charities SORP (FRS 102) ‘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 and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The accounts have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## 1.2 FUND ACCOUNTING Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ## 1.3 INCOME RECOGNITION All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. ## 1.4 RESOURCES EXPENDED Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. The costs of charitable activities are allocated, inclusive of VAT, to direct expenditure categories as incurred, in the period to which they relate. 17 ## Operation Agri CIO Grants made to overseas projects are included in expenditure when the grant has been both approved by the Trustees and acknowledged by the recipient project. Grants that are approved but not yet acknowledged are not included in the accounts. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Support costs are accounted for on an accrual basis. These costs comprise expenditure incurred in the running of the charity itself as an organisation. It is not considered practical to apportion the costs to the various projects, nor is it considered to be a useful analysis as the projects are run by other charities overseas, while the support costs are incurred in the UK. Fundraising costs are those incurred in seeking voluntary contributions and donations. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include examination fees and costs linked to the strategic management of the charity. ## 1.5 TAXATION The Trust is registered as a charity and is not liable to taxation. ## 1.6 CASH AND CASH EQUIVALENTS Cash and cash equivalents comprise cash in hand and cash on deposit. ## 1.7 DEBTORS AND CREDITORS RECEIVABLE/ PAYABLE WITHIN ONE YEAR Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## 1.8 GOING CONCERN The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. 18 ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st OCTOBER 2021** |**Note 2 Net Incoming Resources**
This is stated after charging:
Independent exaiminer's fee
examiner’s fee|**2021**
**2020**
1,500
0
~~0~~
~~0~~
~~0~~
~~0~~| |---|---| ## **Note 3 Trustees Remuneration and transactions** No trustees received remuneration during the year (2020 - Nil)expenses during the year (2020 - Nil) ## **Note 4 Donations and legacies** |O.A. Partners donations
Other donations
Legacies received
Income tax reimbursed
**Note 5 Support costs**
Independent examiner's fee
Tax reimbursed
examiner’s fee||**Unrestricted**
**Restricted**
**Total**
**Unrestricted Restricted**
**Total**
**Fund**
**Funds**
**Funds 2021**
**Fund**
**Funds**
**Funds 2020**
**£**
**£**
**£**
**£**
**£**
**£**
16,313
7,130
23,443
-
-
-
26,105
-
26,105
-
-
-
12
-
12
-
-
-
4,805
-
4,805
-
-
-
47,235
7,130
54,365
0
0
0
**Unrestricted**
**Restricted Total**
**Unrestricted Restricted**
**Total**
**Funds**
**Funds**
**Funds 2021**
**Funds**
**Funds**
**Funds 2020**
**£**
**£**
**£**
**£**
**£**
**£**
1,500
-
1,500
-
-
0
-
-
-
-| |---|---|---| |||1,500
-
1,500
0
0
0| 19 ## Operation Agri CIO ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st OCTOBER 2021** |**Note 6 Debtors**
Income tax recoverable
**Note 7 Creditors**
Accruals (Independent examiner fees)
**Note 8 Unrestricted Funds**
Balance at 1st November 2020
Net income / (expenditure) for the year
Balance C/Fwd at 31st October 2021
**Note 9 Restricted Funds**
Balance at 1st November 2020
Net income 2021
Expended 2021
Restricted Funds C/Fwd at 31st October 2021
**Note 10 Analysis of Net Assets between Funds**
Restricted Funds
Unrestricted Funds|**2021**
**2020**
**£**
**£**
4,805
0
4,805
0
**2021**
**2020**
**£**
**£**
1,500
0
1,500
0
**General**
**General**
**Fund**
**Fund**
**2021**
**2020**
**£**
**£**
0
0
60,821
0
60,821
0
^
**2021**
**2020**
**£**
**£**
0
0
7,130
0
0
0
7,130
0
**Net current**
**Net current**
**Assets**
**Assets**
**2021**
**2020**
**£**
**£**
7,130
0
60,821
0
67,951
0| |---|---| 20 ## **Note 11 Controlling Party** The charity is run by the board of Trustees: There is no ultimate controlling party. ## **Note 12 Related Party Disclosures** During the year £7,869.14 (2020: £0.00 ) of donations were received without conditions from the trustees. 21 ## Independent Examiner’s Report ## **Independent Examiner's Report to the Trustees of Operation Agri CIO** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 October 2021 which are set out on pages 15 to 21. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (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 accounts to be reached. R J Radford FCA The Rowleys Partnership Ltd Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester LE19 1WP 22