Smalles Goldie CHARTERED ACCOUNTANTS REGISTERED COMPANY NUMBER: CE023865 {England and Wales) REGISTERED CHARln NUMBER: 1192373 Jacobs Well Appeal Financial Statements 31 March 2024 J21697&1 •r CHAKfERED Accourirhms Jaeobs Wall Appeal Contwts of the Financial Ststem•nts for the year ended 31st March 2024 Page Report ofthg Truste08 1 10 13 Report of thè kndependent Auditors 14 to 16 Statsment of Flnanclal ActMtIgS 17 Balance Sheel 18 to 19 Ca6h Flow Statemènt Notes to fhe Cash Fkny SIatwn￿t 21 N¢Aos to the Flnanclal Statgments 22 to 29 Jacobs Well Appoal {Roglstered numbqr. CE0238 Report Of1￿ Trustees for the year ended 315t March 2024 The trustees who are also directrxs of chadty for purrK>ses of the Companles Act 2006, pyesent their report byith th8 finanaal statements of the tharity for the year ended 31st March 2024. The trustg&s have adopted the provisi￿S ￿ Accwnling and ReiKWting by Charttie5'. Sta18ment Lrf R&(xJmm8nded PractiGe appliGable to charities preparing thelr ac(x)unls in a¢(￿danc* with th8 FInand￿ Reportir#J Standard appllcable In tho UK and Rapublic of IreLgnd (FRS 102) leffecti¥e 1 January 2019). The trust888 of the (tharity for th8 year endthj 31 Marth 2024 were as folk)ws'. Mr Mlcha81 Adams Chalman, financlal Èubcommlttee and safeguareing subc(Mnmitte& member M8dical Director Medical Oirector and SafegUardi￿j Otrwft Ja￿b.$ Wdl &)p8al Methcal Director. interim Twsurgr, financlal Jbcommiile8 and safgguardiNJ commlttee rnember FinaTh?al sut*)￿nn7ttee memLw Phamiaceutical Lead. safeguarding aThJ flnancial suLMJ)mmittee member Health and safety represenlatfve From 1 August 2022 From 22 January 2024 Dr Be￿ Beynon Dr Alistsir Robertson Dr Margaret Rot￿rtSOn Mrs Betty Lucida Miss Elizabeth Ly Mrs Barbara Ribey trs Wendy Mooro bAr Chris Blackburn Trustses of the charity vtho had rn￿gned In tha flnanoal year: Fnanaal subc¥)mmftttie mombgr. resigned 22nd January 2024 Re8lgned 22nd January 2024 FinancHI sutKximmittee men)ber. reskJThed 22nd January 2024 Mrs Veronica Bemros8 Mr John Sutton Mrs Margaret Hargreavgs Employed $tatr. Rev. John BeY￿n Mrs Bri(trJet Conroy Mrs Lucy Mallender Mr Oliver Sextc Mr Zsak Long Mrs Salty Dunn Mrs Card R&yrnkJson CEO and Safeg￿rdir#J sub(nmmitt88 member offi￿ Manager, [8ti￿1 December 2023 Office Manager. commanced 4th December 2023 Adminhstrative and Finanoal assislanl Wareh￿JSe Cothdinator Beverty Shop Manager tiob share) Beverty SW) Managw (J'ob share) Miss Amy &theepers B8Ve[￿Y Sly)p Manager (job share), r8sign8d November 2023 Beverky Shop Marwr (job share) ¢￿mMenCed 13 November 2023 Mrs Julie Nlison Sèlf Employed Worker Mrs Yvonne South Flnance Ofknr On the 1 April 2022 Charttabb IncorForated (knnisaknn {CIOI Jacobs Well App8al (registered nD. 1192373} was established and t￿k over the wncerns of the unincorporated Chartty Jacobs Wel Appeal Iraglstered no. 515235) td(ing on all operalknns. stsff. assets and Uablltles ofthe unlncorp(rt8d charity. The unlncorporated charlty r￿nal￿S o￿n to accept any ￿ndS that have the tharity number. Pag8 1 Jacobs Wo11 Appgal IR8glstorod number: CE023865 Report of the Trust ft>r the year endèd 31st Ma￿h 2024 OBJECMVES AND ACTivrriES Objprtlves and alms Public benefit JaGob's Wel Appeal CIO plans to continug the WO￿ d Jacob's WeH App6al15152351 to change th81fv6s of m8ny of tha poorest and noediesl pw)F40 in the wcwky through th? mearKs'. al SeThJing M￿jka1. ￿￿catIonal, awi¢ulbJral akj atK)ard (Work￿8) bl To make grants to wtner organlsations to run d)aritable pr(ty￿ aThY c(￿pIete charftabl8 Infra- structurns wojects overseas. c} To sponsor childron and support education overseas. dl To strengthen churches aThJ spread th& Christlan talth kxaty in the East Ridir#J, UK. and overseas. el To al￿viate tM)vety in our hYAI ar8a. To help vulnerabb peopk In our local area twxsse in Ife. recwe support. mèntoring and Integratè into s(￿lety. gl To safeguard the envirOnm￿t Ihrcwgh tfft)ting the rwse d items that wouW otheNAse end up in i. The trusteas of Jacob's Wel Apk￿l have. as far as Ily are aware. Compl￿ with th8 Charity ConvnL8sbn's public benefit guidan￿ in exercising their kM)wers and duties. Slgnifi¢anl activltlos Loglstlcs Jacob's Well ￿pea1 has continued in its work to send cffjntalr￿ of rn￿￿31, agricu￿Jr￿1 and èducational ald abroad throug1￿￿1 this year. Year year the regulatK#K8 in th8 Ports, custorns and rninistries of heaKh increase and the cost of the containers and theirtransky)rt aLg) incfeases. As the war in Ukraing rKJntinue5 and the wst of s8rMling aid lo Africa is relativdy much higher. we have CA)ntinu8d to corKgntratg our th)nati￿S over the year to Eastern Europe. We had manapj lo send a total of 9 r)Jrtain4ider8 to Ukraine a￿1 one to oldova. W8 have atso sant a Icrtal o17containers toAfrica - 2 Lx)ntainers of aid to Bu￿1n8 Faso, to cl￿gO Brazzavllle. ono to Zlmbabwe, one to Slerra Lecne and one to Camerc￿. The average value of aks is £242,557.78 for eath (￿nt￿ner or hxry swt. We also continue to Se￿ out smaller con￿gnmentS of aKJ lo other chartiies, NGOS prlvate indwiduals In need. These C￿sIgnMents include parcels of cok)stcffiy. mc*•ility equipment, medical disposabl& items and edu*￿tIOnal equipment. This year we sent aid to 1o1bv￿ng countries: Pjbania. Ethiotma. Ghana, Indkg, Iraq. Jordan, Mcfctco, Pakislan, PhIlippr￿S, Rwanda, swa￿.￿￿VESVa￿i, Turk8yi Ukraine, Yemen, N￿aria, Columbia. Romankg. Gambia. UgaThJa and Imbabwe. We hav8 ￿ frKLy4aol HGV Iraikn the containeTS in the UK. This takes Ihg (#￿tainerS to the fdll freight depot in Leeds or the port at Hull or Immingham and brirvJs the erryrty onè back lo our yard. We at90 have 9 *ntainers on sile for storage. Th& Vauxhal Vivaro which we obtained for £3,(￿ althe er￿ ofthe last twiancial year Unfortunate￿ had engine troubles and was repkqced (tree of fvrther dwrgel by the dealer. Hopthly this will gNe us several years of good Ser￿e. We also have a Merc*l8s Benz 3.5 t[￿n&S v8n. Both of these vans are used to pick up donations of aid 8fKI rtems to be sdd arml lo suppty ￿r shops with items for sa￿. Wo dso have a Toyota fork IfL which we use fvr and lo￿1￿ pal￿tised loads. Thls is r6guL3rly matnt81n￿. We usèd Andrew Lunn of Cenlury Containers to dDth8 necessary I￿V8M9nts ofour CDntainBrtrai￿r lo deliv9r lo the rail fr8￿ht terminal at Leeds unll the erKJ of the year. when we Start￿ uslng Titan to suppty contaSners and Musgrava to delfver the container to Immingham. saving neaty £700 each Ume. Misslon and Relief handle most of ¢xr tntarnati￿al logisth% whilst Musgraves haThYles our k)cal frdght. PwJe 2 Jacobs Wo11 Appgal {Rgglstered number. CE0238651 Report ofthe Trustees for the year endod 31sl March 2024 OBJECTIVES AND ACTivrriES staffing The Charity 8vW)ys part￿￿ admin￿al0[B. &v&Jet Conroy and Sext￿. Bridget rotirad in D8cembor 2023 and was replawl with Luw Mallender. We abo have a self-employed finance Officer Yvonn8 South. Their line managgr is R8v. John B0yrK￿, 0￿￿1$ab￿¥19ader. Th& B8vertey Shop C(￿lInues lo do well 8nd1s m8naged by Salty t￿rnn and Carol Reynohjson. Over the year Sally stepped down to one day a waek and Carol also dectdwj to rèduc* her hours to fvvo days a w88k and so In Novomb&r we employed Amy Scheepers to cover Ihree days a week. Amy has now moved to the N￿h East and was rep￿Ced by Julie Allison in M)vemb8r 2023. Zsak Low is our Warghouse Cr￿ordInal0r. Volunta8rs Our team conlSnues to be supplemented by up lo 60 voPJnteers and in t¢)tsl our UK yo￿￿te8￿ have worf(8d 14.004 hours for Jacob's Well Appeal and we vakne this at £182,002. Publlc benefit Ja￿b,S Well Apwal continues to change the live5 of rnary of the w)resl and neediest Feople in the worfd through the folk)v￿ng m8an$: al Medical ￿d. We have supplied many pall8ts of invahjBb￿ m￿les7 SUppl￿S to ￿sPItalS in desperate need that would otherwise have to do wit1v￿rt. This ￿pefUl￿ has saved many lives and wnproved th8 quality ofmany ther pe(*11è'8 liv8s. The hosrita we supwrt in Ouag8(Iougou was is doing wall has a ￿st re(Eived a Mortuary fridgg wNch was sent In a contsiner thi8 year. We havè also been ab￿ to compbte the building of a pae(batriG ward for a small hos￿1 in Ghana. where the w*ds were so that patients had to oep on the and the varrine cold storage remalns well repaired and in gocKI use. We have also refurbished th8 suryical th&atrg al Wa Hospital irk th8 Ut4)8r West RegK)n Ll Ghana. We hope to be aue to provlde equlpment In the next year lo imtKove thls facifty further. b) We have abo $8nt nK)nay to fund a c%ttr81 warelKNJse In th8 Ukralne to wiv8 the akl that has b@&n s6nl, and we have purchased a further two arnbulan￿ forts Ukrdlne as weB as ￿tal MedkI￿S. c) Educ8tlonal Ald. Wè continu8 to supwt edwalKJn by prowdiThJ school fumiture, compLrter8 and equipment. This is inVa￿ab￿ to 5choofs in Africa vknere the thihjren would oth￿￿Se have educational @quipmenl arvj wwld have to sil and write on the fkn*. W8 serwj money rogularfy lo pay for sokr lamps for individual chldren lo enable them lo do th￿r home%￿th in homas no electricity. In th8 past we hav8 provided housing for Vulnerab￿ girfs and Ix)ys io enab￿ Ihem to (rjmplele their education and these ar6 fully Us￿. The school bus in Ouagadryjgou and tho ￿￿nit￿ in Sierra Leone are still being used lo great benefflt. We have a130 provided supp(Yt for a nurse in Northem Ghana to uthgo training wthich was successfully com ￿eted this finanLxal year. d) AgriculknTal Ald. We are increasingty he￿Ir@ dek¥ived c(rnunitEs to devElop their agr1¢JJ￿Ure and thus be able to grow rrK)re fL%Jd through our seadbank 8$ wèll as dry season farrniro rmiects. Accordirg to the Worfd HeBlth OrganisatK)n, around 45% of the dgaths arT￿ thildrcn Ul￿er 5 years of age are linked to undwnutritim. Due to the generosity of of OUr(k￿or5, we were 8ble ED purchas8 a tractor and mumisheller last year for our partne￿. C4C in Ghaw This has hew them ￿￿tIn￿ their work wrfh running our sèedbank as w81 as r￿1 being able to shell the oommuniti8s' harvasl hrwfully benefftbng these Impoverish￿ peoie el Frylt Trees. We continue to pknt fruit tree Ixchard8 att&h8d to communiti95 or SGh(x)b ft)r the benefrt of the communlty (x chiklren. providing fLMxl. Trthamin A (m￿Oes) and a Sa￿able crop. fj Waler Ald. to thg generoslty ol our d(￿(￿s. w8 cLN)tinuo to ostsblth (ff repatr several boreholes and we have sent a borehob d￿l￿r to Bur￿na Faso which tr￿￿1￿1￿ be atrf8 to drill bor8holes al a reduced price. a1thcAj￿ ther8 are still som& lechnA71 prckn*ms lo over￿)￿. P￿e3 Jacobs Wall App￿1 (Reglstsrgd numbor. CE02386• Report oflhe Trustses for the year endod 31st March 2024 OBJEGMVES AND ACTIVITIES PULIIG benefit gl Soclal Caro. Jao)b's Well A￿31 SUp￿rtS (fwbled and di5advantau*d poopb through their 8hop and warohou88. h) Rellevlng poverty. We run several wyects over5ea8. rnango tlantstions and dry Seas￿ farmlng that provide a means for kkx)r pgople to generdte an Income. Wtthin tho UK most of our 8cliviti8s are fcwed around helping pe￿Ie in S￿la1 or ecorK)mic dlstress. l) Endlng Porf•xl Povgrty. After wr sUC￿ful pibt pr(¥￿t and 71grger pr(4ects over the last years. we havè eontlnued training girb and young womgn lo make re4￿ab￿ Wbitary rAds. Over this financial year we have done a furthar two re￿89able sanitary pad proj￿. j) Di$a9ter Ald. w8 s8nt mon8y this financial y8ar lo Samara's Ahd Ap￿1. a UK charky thal works in the Middle East, partICular￿ Syrla. fo&)w4¥J the earthquake in Turkey SyTia in Fethary 2023. Recycllng We ￿)rt and sell a large quantity of (*)thes, books. brIcra￿￿ and other items thatwcwld othe￿Ise be thrown away. When sorting items VO￿nteerS wll identify housth)kl and other iterns that are felt to be useful overseas and we enc￿rag& our beneficiari8S to givè us lists of useful items so that we can avoid sendiThJ unwanted items. We arE ab￿ to re-use most of the ￿XeS in whK* receive gwds. Som8 of the dolhes and items, including bwks that we canrKJI donate OT sell in our strKJPS or sales we sefl to a fimi cal￿d Colhex Ltd. a member of the Texti￿ Recy￿r￿ AS8￿4¥￿n. Athwh 80mo of Ihe m6dical supplies w8 re(xive ar6 Out of d8t& and cannot t￿ used. many ilewn5 whth we r￿￿e can ￿ r&used aftar car6ful re-sorti￿. thecking ( repair. Metsl Items 8nd glass beyond further use ar8 abo r￿¢￿d. Slmllaty. we r8cycle wa5tg paper magazines and cwdbo8rd. Wasle is prrxess8d in the appr￿ate way, w￿h separate processos for ekcmcal was￿, general waste. card aThJ paper, medicines. ￿nIr011￿j drugs. sharps and other rnedlcal Items. One of our largest donations are mk)stomy items. ￿MIr9 from the ger￿￿1 puilic 8nd manufacturers. These are very Valuab￿ lo the beneficiaries in both Africa arKI Eastem Eury. ￿￿ere these iterns are usually al least es expenwve as in the UK of [￿rer quality 8fKI often nol avaikb18 at all in the pharrnacies. In those countries. Patients have to resort lo any pkstic baJ they can fiTrJ arn1 are often hoUseb￿n￿ ￿1hr￿lI donations frcffl us. All the a￿0$tOMY ttems we serKJ would end up N) latvjfill if they h*J stay&J in the UIQ We also YeceNe a larg8 amount of short dated item ithliThJ dre￿ws. bandag8s, PPE directly Irc the supplier. These would all go in larnl ffll if we did Th)t accept them as the NHS will only pay for hems wth a reasonable remainlng dale before expiry. We are c8refvl to accept only items lh* w(MJld be useful to the hospitals we have cor)tacts and also that items i*n be sent wthin a Sensib￿ tin* frame. This has been particularfy uselul during the last Iwo years as many of k)rries to Ukraine have been full of dOna￿onS directly from the Manufac￿rers. STRATEGIC REPORT Achlevement and performance Ch8ritsbl& actlvlties Activities in Countries where Jacob's Wdl Appeal works ROMANIA The four hous&5 for farnilles wrth 5￿Cial ne￿ in Siret ar8 all managed by the tovm councll and th& director of the local hospital and all are ft]lty OCCUFied. The tovm council is paying fC￿the rur)nlng costs of these unlts. Our lor￿ternI aim is to thse the Romanian Branch 8nd hand over the four houses we have tothe Town Hall for Ihe long-temi benefit of the pE(We ￿ SFeclal needs In the area. Page 4 Jacobs Wo11 App•al (R8glsl8rod numbgr. CE023865) Report of tho Trustees for the ygar ended 313t March 2024 STRATEGIC REPORT Achlevemont and perfornianGe Charltablo activities GHANA We are still working through th8 charity Coalllic￿ for CharvJe in Ghan4 our seedbank and also some mango plantatk)ns and dry season f8rmirvJ projects. AJw)Ih8r NGO. Sahara Advocates for Change, also runs some of ¢xJr wdects. This year, wtth thelr hèlp, wo have sent fundlng for a tsther 50 fruit trees to be tAantad when Ihg ralns start In May 2024 and run another dry season pro1￿￿ in NakaatwJ. We funded seèdbank projects with very tsdal8d communitiès in bambara beans, soya and guinea rA)m as well as groundnuts. We have abo completed the building ol a paedialric ward in a mral small hospital rerh)vated a surgi￿1 theatr8 in Wa, Upper West Regiim. We have run t￿£& very Sl￿s1U1 reusable santtary pad projects. Jacob's Well N)peal has also dug one new tKY8hole and repwed one that was no longer w¢pea1 funded is sitèd on this land ond Is well used. A slmSlar IKHna f(ff vulnerabk boys. slled near the school, w8s also buil wth Jacob's Well 4)peal funding Is equalty usefjA. J￿)'$well Appaal aso runs a solar pc￿er￿j kmp proieol lo provlde every chikj at the SL*￿1 wlth a solar Lgmp that vll enable them lo do homework In the evening as th8 sun sets al 6wn every day and the b￿leS have no e￿¢1￿C￿. Due to the desperate situation rogarding fc(¥J, the sch(K)I has set up a krge area of land for dry season fanming with Jacob's Well Appeal promdiw the wts tower and Wrnp and this proi&t has been used Éo provide food fLY the children and their families. Th8 well drilling fflachine was in July last year to Botx). It will be njn by a (x)mmitlee associat￿ with the scFth, though Ihey thng some tethniLzI issues. in part bgcause the machine was daMa￿d at porL John Beynon and Paul Brown (w￿) built the machine) wsited Bobo in SeplemLw 2023 to try to addrgss some of these rmblems. We have also sent financ￿1 support lo buyfood to distribLrte. In Ouagartoug￿ we continue to sup￿LIrt the woth of the Mwe of Hope. wh￿th manw a primary and secondary boarding school and a small hosp'tal. They also run a for disadwantaged glrL8 teaching sewng. hairdressing and beauty therapy (31th the Willage of Opportunity which we aL80 supp￿. They have a small animal fami the sch￿1 site whKh they use to te8th farniing skils to th8 pupi￿ os well as breeding pKJs and Ma￿ng yoghurt. We have arrdnged fLY a pig exFErt to ty and help irry)rove Iheir pig pr￿lUCtIC￿. This school k% a boarding sthrK)I bringing chiklren fr(m distsnt MHag85 that would othe￿1$& have no hope atlendiw 8chool. Acklam's Coachgs donated a (x)a* for Jacob's Wel Appeal to tranS￿rt to Bud(ina Faso for thase chiklren, which is still very vsefvl. Our partners run a small k¥)st*tsl in the I￿￿tal ¢ity we have weviousty complèted th8 ￿1￿ling of Ihe ground Noor of the hospltal. WOV￿1￿ a matemity and gjrgical unit and nM)rknJary. Last year we have rel￿111 the old area of the hospital that was s8verety damaged by fire. Thls y&ar we were abb to wovKle th8 Mortl￿ry frldg8. We also sent a to help ￿th transportirKJ tte￿ from the f*m. In Banfora we have bull a medlcal dlnlc Ihhtd) Is rNyN provKlkng health rare fLY the po¢x In thls cty. We have been sending mecucal suw18s to this area f(w many year5 ar￿ this ￿11 specialise in care of people with physical disabilties arKI mental health ￿￿￿eMS, are largely ignored in Burtiina F8so, as well as Iwling genoral medical probknis. We seThJ mefrtca supples to hel) this din￿ in u)ntalners we sèrKJ to Bob¢ DM)ulasso. Page 5 Jacobs Wo11 Appeal {Rgglstsred number. CE023865) Roport ofthe Trusteès for the year ended 31st March 2024 STRATEGIC REPORT Achievement and perforniancg Charitsble aGtivities We have ncrt pknled any fru]t trees In Buthna Faso this year due to th8 8￿Jrity sitrjation. We continue to support the work of these sclTh>Xs by ￿lminISterSn9 a sponsorship scheme. whereby d￿Or8 in the UK can pay Month￿ to supp)rt th8 ed￿tK)ll. nutrition and medi￿1 we of a schrxjl child. MOLDOVA This eastem European county is very pocw aThJ we vith iha intemational charity ORA to support th8ir work in thi8 ¢xMJnty. We have sent one curtain4wJer b)ry to MLldova this year wtth M￿lCa1, 51oma. humanltarfan and edU￿tiOnal aKI. SIERRA LEONE Jacob's Well Appeal has s8nl a u)nlasner Ihis year to our p3rtrws ￿ Sierra Leone, Spark2ActK)n, ￿1¢h is local NGO set up lo help churthe5 inthe area and is setbThJ up a centr8 lo hdp dn￿ add{￿S and train pastors. Jacob's Wel Appeal is hebing to fund the ￿lIdIng of H(pe Farm. wh￿￿ will become a training ccntro for knal ￿0p[e as well as 8 SUStain8bb agricU￿Ural project. Jacob's Well Appeal has also previously provided a minibus to the Si&rra LecTr Auttth Schoolto enable them to transport Iheirchildren to and from school List yoar and this is stll in use. We also were th lo providg Sotar Pa￿15 L4st yoar for disability centr8 in Kabak which 18 njral and dMI 519t have aWrirAty. KENYA We continue to 8UPkY)rt work of tho ABC tn Nairobl arKI LoilLlolok We thè y￿rk of th8se 8chocts by administering a sponsorship scheme. whereby d(KY)rs in the UK can pay monthty to support the education. nutrition and medical care of a sthool L*ikl. We have stsugjed in the pasl lo gel LX)nlalners into Kernya because of ￿ logisbcal situab'on aThJ were una)k to se￿1 any tths yw. UKRAINE Jacob's Well Appeal has had a I￿￿ asscthtkn ￿[￿ uk￿1￿ and whèn the war ktw*n Russla and Ukraine start￿1 we were able to coniact wr previous partners In this cx)urrtry and estab￿1 a route to send Into this t￿j￿try. Jacob's Well Appeal was also for￿nate in hawng a signiffcant donation of money and aid from the gen8ral public in order lo n￿( this nwj. as wel as donatM)ns frThm Iccal firms aThY manufacturers. We have also managed to buy 2 ambulances to Ukrdne. ttsy for vrtal m•fjcines they had ￿quested as well as pay for a war8house lo store the aid we SYRIA On the 6th Ftsbru*y 2023 thwe was a dev8statirKJ earthquake that struck Turf(ey and Syria, causing one of the biggest disasl8rs to impact the region in recent timos. We have no e£*)tscts in Turkey but we have workgd previousty Samara Aid to se￿1 medical aKI and ckJthlrvJ to SyTia. We wer8 abl8 to send a significant donalK)n raised by a publ￿ appeal to Ihis charity to h* the pewe injured due to the earthquake. Smaller Supplles We continue to send out smaller corwgnmenls oFaNJ toothw charities. NG￿$ and privat8 indr*ithals In n88d. Wlthln the UK Whllst Lwr maln foats Is to pwple overseas. ty to help WIK) ar& ¥Aally, ￿￿Scal￿ or physl(xlly dlsadvantaged. Such actmtles Indude. We donate focrty, ctothing. ￿K￿hCld arKI ffijmilure to indlviJuas need also to several local charities who hel) Ihe hLYneless. rehabililate pris¢Thrs, sUp￿*t 8tyum seekers and othets In eeonunic or sgcvJl difficuly. We regularty help IcKal disabled wplo by gwng, kndiThJ or selling at a subsidised price mobiltty aKI8 such as cNtches, Zimmer frames. raised toilet seats ￿Wheel chaits. Our shop seNes as a community hub. with volunt￿$ sp8cialty commissioned to We￿me. list6n and supwrt those wh) come in. thus wovbjing a savice for tr* k)[￿. the b8r￿av￿1 arnl thos8 stnjgoling with lif8. Page 6 Jacobs Well Appeal {Re9iSter8d numbèr. CE023865) Report of tho Trustsos for tho year •nded 3181 Mar¢h 2024 STRATEGIC REPORT Achigvgmgnt and performance Charltablo actlvltles We 4)p)rtunl(i8s to wple who have18amiThJ or phystsl disabMlti88 to Yo￿nteer In Ours￿1P5, warehouse oroff Our long tenn objectlve Is to allevlate sufferlng partlcukrly due to poverty and we feel that thls obl8Ctlve has been achleved by our actlvlties thls year. Summary of Aid Distrfbuted Country of Dèsllnation Zimbabwe Ukxaine 1 Con Brazzawllo 1 Ukraine 2 Ukraine 3 Ukrwne 4 Burkina Faso Clothes & Toys & Sh4XS hou$ehold 521 1,927 929 Edu¢atlon 1.$65 F4)od Hygi&n• Buikling Agrlculturp 10 3.199 140 702 516 829 319 1.292 728 1,215 7,707 125 2.TT1 112 704 47 2,270 104 Ukralne 5 Si8rra Leone Ukraine 6 Ukraino 7 Camerwn Burklna Fa50 2.027 448 659 975 626 371 3,fAJO 360 618 Moldova Ukrain8 8 Congo Brazzaville 2 Ukraine 9 Small Donatio 1,829 420 1.692 162 8,636 1,469 347 Total Page 7 Jacobs Well Appgal (Registsred numbgr. CE023865) Roportof the Trustees for tha year 8nded 31st Mareh 2024 STRATEGIC REPORT Achlevement and performanco Country of Destlnation Jmbabwe Ukraine 1 Congo Brazzaville 1 Ukraino 2 Ukrain8 3 Ukrainé 4 Burkina Faso 1 Ukraine 5 Sierra LeL Ukraine fj Ukrain8 7 Camercx)n Bur￿na Faso 2 Moldova Ukraine 8 Durbln Medicines Medl¢ Equlpment 10,615 Medlcal Dlsposab*s 68,065 81,205 Totsl by Container 199,773 283,287 Ostomy 117,071 197.445 70.167 95.087 123,900 95.343 25,769 167.625 18,62D 82,365 615.032 66.210 165,789 Z27,692 204,370 326,315 106,944 368,109 31.454 393,564 615,032 74.IK6 3,000 526.687 117,987 9,104 119,993 76,329 225,775 48,188 199,047 1.570 2.280 21.693 1.210 3(￿.311 5.885 1,5S) 74,815 68,918 43,6 Brazzaville 2 Ukraing 9 Small C*)nations 134,178 151,551 114,792 3,010 3.760 80,598 88,008 221,106 258.3D8 114,792 Totsl 9.104 2,2Tf.118 70,173 1,821.727 4238,274 Our Shop Our shop serves to rwse fvndsftf c￿T overseas w¢)rk a￿j aL50 to pwtwr¥Jte the ChrI￿an fallh through prY)vlding quality Christian literature and bibl8S to k￿1 chLtyches theirmembers.11 is aso a ¢X•mmunity hub. 8eeknng to holp members of the comrnunlty i*hK) are in l￿d Th8 Shop in BeVer￿Y continues to fvnction well, thoLwJh thwe is a constsnl battie to find enough volL5nte8rs to maintain adequate staffing ￿Ve18. We now have a garden patk)wh￿h has been exiromety popular. partiGularly a8 ie has ext8nd8d the cafe to oUts￿e. During the Covid pand8mic thi4 was particularty w8lcome. The shop runs a chal group, a Knit arKI Natter aTrJ a craft group. all aiming to h￿￿ social interaction and combat k)ndiness. Ongolng Issues Due to the ongoing war in Ukralne and the genero* ofthe PU￿1C. we have been abb to pr￿e$S and send significantty awj abroad this year as CAimparod to pr8ViOUS y8ars b&fore the war started. W8 hav8 been abk to s8nd aid that had tr*come less acceptabb lo other countries for various ￿asonS- partI￿la￿lY short dated ilems and coknstomy, bul this situ8tK)n ￿ charuing and ti will become IrKre88ing￿ difficurt to send aKI tk¥s route. Due to the o)st of fuel and eoniainers and the increasirvJty diffK>Jlty in getbng n￿lCa1 aid into wJnlrie8. It is likety 1hat the arrbjunl of a(d we Gin rec61￿ aN1 s&nd wll diminish. We are unlikely to b8 a￿e lo send fvrther to Moldova, as this country i% seeking into Ihe European Union and will no longer b8 aN8 lo ac￿p1 a bl of the items we send. The c￿$1 of tMJwrvJ containers, shipping and sending aid has also 8igntficanlly rfsen and this. together %wlh the restriclions ￿￿ntiorIed alxNe, makes ourwork much more di￿￿Ult. The current C08t of fving crisis may well affect rAJr donations in the next financial year. Page 8 Jacobs Well Appgal (Regigtered numbgr. CE02386S) Roport of the Trustees for thè yèar 8nded 31st Mareh 2024 STRATEGIC REPORT A¢hl•vemonl arKI perfom)ance Future Plans We plan lo (x)ntinue Work[￿ along th8 same In8s - Identi￿ng new partn8TS and projects and also now destinations requiring medical aid. as well as continuing to support tho pwtners we have at present. Due lo changes in poliliG41 and 18gaVtax situations In a)unlrie8 that we worf( with, tFk318ffecl the shlpping of aid to a partlujlar destlnallon or even the onpSng requIr￿ent fL¥ ad. we constantty assess the need and exp&ns6 of each shipment or prolecL We will no longer b8 sending cob5tomy aNJ to Mddova as th15 counlrls legal requiremgnts has rlsen arKI as It is h)piThJ tojryn the EU swn. I's need for aid has fallen. We have Identlfied a new partner in desperate need of wloslomy [m Cuba) arKI we arg worknng through Ihe logistics of s6nding aid herè. VO￿nteerS Our team of Vo￿nteerS is stin below prwndemic18V81s. tIKJugh many have rebjrned n(Y4V and we have also had new volunt￿rS starting al the charty. In total Ihls year our UK YO￿nteerS sthed 14.1K)4 hwrs f(Y Jacx)b's Wel ApFeal. This is valu￿￿ at £182.￿2. We would like to take this apportunty to thank all our voknnleers and staff in the UK aThJ Partr￿rS abroad who work so hard lo enab￿ us to deliver CAJr amt. Supporters We would also like to thank our many supp￿￿[8 aTrJ th)nors withC￿rt whom ￿thIng wcwld possible. Flnan¢lal r•vlew Financial posltlon Income Our main sources of IncTh are frc#n donatlorts by the rnany peopl8 8nd groups whD 5UPRKJrt us, from our chartty shop in Bevew frcth our other sa￿S outbts. InL*J(llThJ stre&t and warehouse sales and Ebay. Because ofthe very low interest rates available for our money In the bank. the trustees have invested £30,OC and this fomis part of Ihe Chariws reserve funds. We have a biannual newsletter lo keep our supporters informed. The CEO and oth8rvolunle8rs give many talk3 to &ilerested grcrfjps. particularly in East Yorkshir&. These often result in genwous d￿atIonS of money or relief ￿JodS. We also Lyjntinue lo benofil from bgades. We approach medical aThJ stoma manufacturers as wel and thpitals similargroupsto askforaw suitable donations to send in our containers. A large amount ot ¢xJr medicAI equipment and stL¥na produots come because they are end of lin8, no k)nger required. 8urpbJs to requirement or near to their expiry date. FUndraI￿ng Ststement Apart from cdlectiig tins and sales, all our finanaal (kbnations c(¥ne from UK donors via bank aC￿lunts, most of whom are known lo us. We know 811 our larger donots personafly and we havts not had any signrfi(*nt donations from vuln8rabl8 indNidua18. We ar8 not 8 member of the voluntary fvndraising regulator scheme and we ha￿ had no fundraislng (￿nplaintS. We do rM)t ￿pknY a fundraiser. allhough we I￿ve 3 part Ilme ¥hop rnartagers, who are all paid Ihe li*ing w￿. All colkcbng tins and money raised 818al8s {which is Stored in a thked wth the key kgpt separatdy aft8r the sa￿) are Count￿ in tho prwnce of two people in U office. Pag8 9 Jacobs W911 Apwl (Rgglstgrod number. CE023865) Report Of1￿ Trustees for the year endwj 3151 March 2024 STRATEGIC REPORT FinanGlal reylew Flnanclal posilion Exponditurg Maintaining our administrative centre 8ThJ warehcMJs8 vkn8re aKI suppli8s ar8 sorted, listed and despatched. Including paylng the salarfes of staff whow(*k Ihere. Al staff are pabd the living wag@. Mainlainlng and running the charlty shop. In￿dIng the Sa￿TieS of the n￿nagerS who w(￿k there. Transporting donated rf(ems to the warehouse or to and from the shLV and taklw h)aded containers to the appropriate terminals. Paying for shlpping, irtludiw agents, fees and contalnw transporL Where funds p8miiL purchasiro m8dnnes lo SUpP￿men[ drThted medul suppli8s and lo add In medicines appropdale to tropical or other kxal needs, t(oelher with equipm8nt lor supp(Kied facilities. Purchasing medical. educational 8fKI agwjlbjral ￿UIpment arNJ runniro projects with our ovèrseas partners de￿￿￿1r￿J on avadatle money. Reswvtss The Trustees. polw is to holj Suff￿lent fund51£30.OW) to enable the charKy to run efficientty for a p8rKJd of approximately 3 months. At th8 San￿ time. it ensures that it has sufficierrt in raserve to be able to meet any Lwdgeted aGIl￿tIeS and unexpected ¢xJntingenaes. The ￿Ve1 of reseFves is nKJnilored and reviewed by the Trustees regulady in the fight of past and tdanned 0Xpe￿liture. The reser￿$ currentty stand at ariyJnd £35,000. STRUCTURE. GOVERNANCE AND MANAGEMEfr Governlng document The charity is controlled by it5 goveming d￿￿rren( a deed of trust, aThJ ox)slliutaS 8 Imited company, fimll8d by guarantge, as dgfined by the Corrpanies Act 20Cfj. JacL*)'s Well Appeal (also kno￿ 8s Ja(#)b'sWell)wasbJnded In February1982 and initialtyknown 8$ Jacob's Well Pollsh Appeal. 11 wag re￿stered wlth the Charity Commisslon In 1984. In Afghanistan the Charftyls commonly known as JWA. The registered aims have Sin￿ been extended lo those above lo tske acwinl of the wdenod g￿graphICal area covered and the exteTrJ&l wge of acttvibes in 2021 we registered the c4)arity as a CIO. There are Current￿ g truslees. Ihtfd Of1￿ are e￿(￿ed eath year at ihe Annual General Meeting by tha Iruslees. Election is for a perK)d of 3 years. renewable tF reélected. The Chaimian, M8dical Directors and Trè8surer are elected annualty al ￿ Annual G￿raT Meeting aThJ are ex-offiuo Tnjstees. Th8 Trustees meet not less than 4 tirnes in eath calendar year lo revw prcNJre&8 and pdicy. In general. when vacanoes arise, potential Trustees are Invit￿ lo stand for election from the many people in ¢￿ta¢t wth the Charity. They are usualty people who have a Part￿uL9r skdl LY experience benefit the T￿￿18& trx)dy, s￿h as legal knol￿edge, accountancy, ￿na￿MeTrt. medul, ￿n9 or pract￿al ablffily ￿ a p￿Ven abllity as a vdunteer in the charity r￿Id. They are intr(xJuced to the rok by provrsion ol dCrf￿ments outlining the ro￿ and thè restM)nsibilities invow they aro given an eXp￿nati￿ of the ofthe Charity. infomiation atX)Lrt its history, govemance and financial func1￿?￿1ng. SubGunmitteg3 are appointod to rnake r￿￿morK1dtions to th8 Trustaes where an issu8 needs inv&stigalKJn. Supwrters aro kept in touch wlh tho tharity by a regukrty U1￿1￿ we￿S￿&. our Facebook page, twitter account and a n9w5￿tter whKth is 0rewna1￿d eath yearto keep them in touch with cuff9nl ovents. Jawb's Well App8al has a hAemorandum of u￿18r51arHIlng IMOU) with the Ghanalan (>)v8mment and wlth the Gov8mm8nl of Slerra L8one. Other wJanlsalon5 with whom we have c<>oper8ted wthln the last Ix)uple of years Inc[￿e,. It￿ Nalk)nal Unfverslty K￿ly￿0hYl8 Academy In Ukraiw, the Red Cross, the Soroptimists. Diabelgs UK, the IleostQFny ASS￿latI￿. Rotary arKJ Inner Wheel Clubs. knal Churches, Inter-core. Real ￿d, and OBA in Moklova. Page 10 Jacobs W811 Appaal {Règistsred ntsM￿r. CE023865) Réport of tha Trusts88 for the year ?ndwJ 31st March 2024 STRUCTURE, GOVERNANGE AND MANAGEMEPtr Govomlng document We wowk thsely with partnar charitses and NGOS abrowj inGhJding Coarrtion ts Change (C4CI. Sahara Advcxat@3 for Chang8 and the VilL4g8 in Ghana, ABC Chiklren's Aid 8nd the Ifillagfr of Hope in Burkina Faso, ABC Chihjren's Aid in Kenya. Uganda and Iceland, Samara's f￿ndatiOn. WO￿ Share, Physionet. Bulgaria aid, ORA Intemalional in Mddova and Ot￿r$ including Marcy Mission Naivasha Kenya an(J Home Leone. Spark2AcUon and s￿1￿8 Lwne Autlstlc Scw. Jacob's Well Appeal has sIgN￿ up to the East Riding Comp￿1 - tho kxal partnershlp agreement between wbllc sector and voluntary & ￿)MMu[mty sector Organisa￿n5. sk managgmgnt The Risk A&sgssments in relati￿ to th8 strh)p, warehxtse. ￿nspOrt olTr* are b&ing regularfy rgvi8wed th the oversight of a Hoallh and Safety Consuttant. The forkfft arKI vehicks have been tnaintsined according to Manufa￿￿￿. tscommenéations and subjected to Loler examinali)ns th MOTS etc. as required and training session for all cAJr forkThft frijck drivers k£ orgaised as guid8lines. Al firefighting and 818Ctrical equipment has been checkgj by extemal ￿traI￿OrS aThl tyadices hdd. As advised by our solKitors, we wil keep the as5¢￿ated tharity ard of trusteas, as th& tsjmpany direct￿$, on 20th January 2￿25 and ￿nad on the tkiards behaf by: Dr M RobertSC￿- TNste8 Page 13 Roport of the IrKlepend¢nt Audllots to th• Trnstees of Jaeobs Wèll Appeal Quallfl¢d Opinlon We have audited the finarKial statements of Jac(th Wol A[￿81 (Ihe'chaTitable CAynp8nV) forthe year ended 31 sl hAarch 2024 which C￿]prise the stat￿nt of Finan(xal ACts￿ljes, the Balance Sheet, the Cash Flow Statemenl notgs lo the fnarKial stst&Thnts. inGlrfing a sumrnary of signfficant a(x￿ntir￿ polioies. The financk81 rewrting frameW￿k that has be6n a￿led in their prap3ralion is applicable Lgw and United Kingdom Accountlng Slandarrjs Iunlted lingjom Gwa7￿ Acceptsd AcccAJnting Pwticgl. In our opinic￿. exwt fw the ￿$$11￿0 effKts of the matter d88uibed in the basis quatyfigd opinK)n 58cIK)n of our report, ￿ financial statwmgnts: glve a true a￿1 falr wew of tho state oftho ctharws affaws as al 31 March 2024 arKI oftr* d￿rity5 profft lor the year then ende(J: have been propgty kyBpared In acLx)rdarK* vlth un￿e￿ lfjngth)n Gerwally Acc8pted Acojunting Practise '. and have been prepared In accordance wilh the requirements of the Compgni8s Act 20Q*. Ba8ls for quallfl4d oplnlon We conducted our audit in actordance wlth Intemational Standards on Auditing (UK) {ISAg {UK)} and appli¢xiAe law. Our reS￿sILVIrtles under those standards are furtherdescribed in the Auditors. responsibilthes for lh8 audit of tr8 financial stat￿nents secthin of wr report. We are ind8P8ndent of charitable company in accordance wlth the ethi￿1 requirements that are relevanfr to ¢￿r audit ofthe financlal statem8nts in the UK, Indudiro Ihe FRCS Elhi(xl Standard, and Trhe fvave fu￿lled ￿r other ethical responsibilities in aoxTrrdance ￿th these requirements. We beleve that the audtt eTrAdence we have obtained is Suff￿lent and appropriatp to provide a basis for our opinion. In the 2022 year. due to a chawvJe in the sltKk systems usoj by the charity we were ur)aNe to provide sufficwl audit evKknce in rektiontoyear end stod( priary. The d818i*d stock listings dKI not C￿ntain sufficAenl information or detaTh lo enabk ￿ to obt￿n Suff￿lent eviler￿ in relation lo the vatuation of individual stoth items. As a result of th￿8 matters we were unabl8 to d8tern￿ %theth8r adjustm8nt8 mvJht hav8 boen fwnd n8ceBsary in respect of reCO￿e￿ or Unr8¢(￿ sttxk and the c(Kre5p)nding impact that this has on tha 8trKk movoment reported in the stalen￿nt of Fnancial Activiii&s. At 31 Mard] 2022th8 total unverified 51ock balance was £592,8￿. At 31 March 2023 the rrb)vement In stod( tyre for the year was £416,083. Our audlt colnlon on the financld statwnents fr)r the F￿j enrjed 31 M8rch 2022 was modlfied ac¢ordlroly. Our OF4nlon on the ￿rrent pericé's financlal ststemnls Is also mrNJtrth b￿aUse of th8 pM)sslbl& effect of Ihls matter on the o¥Jtllparabilty of th& correspwjing figures. Concluslons rnloling to golng concèrn In auditing the finanaal statements, we have trHt the trustees. use of the wing con￿rn basks of a(xxJuntirvJ in th8 preparation of lh8 fitNgncial stalemenls is approwate. Bas8d on the WO￿ we have perf(Th￿. we have E¥)t Klenttfigd any material urKertainties rekting to events or conditlons that. iNlividually or cdledivety, may ￿51 SKJnifK*nt doubt tm th8 tharitablo companys ability to (x)ntinue as 8 going concem for a period of at le&st IWe￿e months from when the financial stalemenls are autFwrised for is8U8. Our resp)nsibifities and the respon%bilities of the Irustee5 ￿ resped lo corrnn 8re described in the relevant sections of this re[￿. Key audlt matter5 Exc*pt for the rnattor descr5￿ h lh& basi5 for quair￿d opIn￿n sectw)n, we hava d8termined that there are no key mattgrs to be communicated in our re￿rt. Other Inf0m￿tIon The trustees are reSpOn￿b￿ fur Ihe other Info*m*bn. The other intrmation comprises the Information Included In the Annual Re￿rt, other than the finarKxal statements ￿ (Mjr ReF¥)rt of the Independent Auditcfs thereon. Page 14 Report of the Indopondent Audltorn to the Trustees of Jacobs Wall Appeal Our opinion on the ffinanLial statements do&s ￿t (*Jver the other Infom)81ic￿ and, except to th8 extent 0th8Mis& explicf(ly Sts1￿ in oui re￿r( we do express any fomi of assurance conclusion thereon. In colln8Ction ￿th our audit ￿ the finanoal statèments. our r8srxjnsl￿lity is lo read the other InfomatK)n arKI. in doiryJ so. consider whether the other Inf(*Mati¢￿ is malerialty in(x)nsislent th8 financial 51atem8nts or our knovAedg8 obtain8cI in th& aud(c or ot￿N￿se appea￿ lo be ni.alerially misstated. If we identify such maleriaj inconsistenGies or apparent material misststDments, we arg rgquired to delgmiin8 w￿th￿r this gDI88 ri58 to a wnal8rial rnissta18ment in the fina￿401 ststements Ihemsefvos. If, based ￿ the work wo have perfomied, we con¢lLyJe that there Is a materlal mlsslatement (rf other Inf0m￿tIOn. we are requlred to r8POrt that fact. W8 hav8 nothing to report In thls regard. Matters on whl¢h we are rnqulrnd to report by excaptlon We have rK)thing to rekK)rt ￿ respect of tha IDlk)wiro malters Chariii8s {AmJnts and Reports) Regulat￿nS 2008 requires us to re￿t to you if. in CAJr opinion: the infomiation given in the Report of the Trustees is IrKonsist￿rt kn any material respect with the flnanoal statements" or the tharllable company has not kept *quate a(xounling recr￿ds." or the financial stalefflents are not in agreement Ihe accountirvJ records and retums; or we have not r￿1¥8￿ al the Info￿nati￿ arn1 expkn8￿ r8qur8 for aud((. Rgsponslbllltlos of trustsas As 8xplainad mcTr futy in the Ststement of Trusiees. Respcfftsibi1itEs. the trL￿teeS (who are also the directors of the charitable compawry forthe purp￿e5 of company kw) are reSpC￿sIble for the preparation of the finanoal statements and for being Satisfi￿ that they grve a true at* fair view, aThJ such intemal control as tho trustees detsrmine is necessary lo enatAe the of finan￿￿ slatements thal are free fr(wn maleri81 mi8Statem8nL Nyhether due to fraud ￿ wror. In preparing tho financial statemerfs, the trustees ar8 resFKWb￿ for a8se88ing tha Charitab￿ o)mpanVs ability to continue as a ￿1r￿J concem, disdoslng. as appl¢ab￿. matter5 related to going corwn and using the g(ing corwn basis of a￿l)Unting unths th8 trust￿ 8ith8r intend to liquidal8 th8 Charitab￿ cornpany or to cease operatlons. or have no reafkstr altemalwe lyjl to do so. Our responslbllltles for Ihe audlt of the finan¢lal staemnts We have been appointed as audrtors under SeLkn 144 of the Charliies Art 20118nd report In accordartcè wlth the Act and rekvanl regulations made or hawng effect thereunder. Our objectives are to obtain rea￿at￿e as8urance aixxjt vhther t￿￿ finanual ststemenls as a are free from material misstalemenl, ￿ether due to fraud or error, aThJ lo Issue 8 Report of the Independent Audilors that includgs our cpinh)n. Reas(￿ble assurdnce is a tugh ￿ve1 of assurydnr*. but is ncl a guarante9 that an audit conducted In a¢x(*dance wrth ISAS IUKI wll aknys detect a material misstalement when it 8Xk81s. Misstalemenls can arise from fraud or error arKI are ￿lsIdered mateiial if. indNiJualty or in the aggregate, they cO￿d reasonabty be eycted to infknnr* th8 e¢0￿m￿ deasions of us8rs taken on the basis ol these financial statements. The extent io whlch r￿r prLKedures are LZPat4e of det&*rg iwlarltw, indudirKJ fraud is detaI￿d below.. including fraud and non-compliarKe wih Lgws aTMJ regulatK)ns. was f￿USed on specific law8 and rgJuL41ions whith we consKJ8red may have 8 direct maierial effect on tha financial 8tat8menl8 or the operations of thé company, indudiry the Compani8s Act 2006. tax bJll%lat￿, data protection. anti￿ribery, etYWoym8rit, anwronmental and heafth and safety legislat￿. An under5tandiryJ 01th￿ laws and regulalDns and the ￿tent of c￿pI￿nCe was obtained through discussion wth manag8menl and inspocting ￿gaI and reguLgtory Page 15 Roport ofthg Indep8nd8nt Audltors to the T￿￿ of Jacobs W911 Appeal Our approach to iderrtlfylng and assessiw th8 risks of material misstatem8nt in r8spect of irregularities. We ass&ssed the suscepti￿lIty of the companls financiaj statements to ￿￿terial misstatement, including obtslning an Understandi￿ of how fraud nwght (m)￿[, by makiry enquirDs of management and considering the intemal LXM)trol8 in Pl￿ to mmgale rlsks of fraLwJ ar￿ Mth laws and regulations. To address the risk of fraud thrwJh management tyas and overrvjg of ¢>)ntrg1s, wo.. parfomied a￿a￿tical procedures to idgntfy any UnLjsu￿ or unexpedg(J relatrjnships., tested jwmal ￿trfes lo id8ntify unusual transactions", assessa whether judgements aThJ assumpuons made In dd8miinlrKJ a￿)Unting 8Stlmates wer? indicative of potential bla5: and inveSb'g8￿ the ratlonale behlnd svJnrf￿nt or unusual tranSactifX￿. In resp¢J)se lo the rfsk of Irregukqrilies and ￿th kn an(J r8gulafiC￿, designed proc8Jures which Included. bul wEre not limited to.. agreelng finanoal statemont disdosur8s to UThlwtyI￿ SupWff￿ng dcwmgntalK)n; reading the minutes of meetings of those charged th govematKe: ewulring of man&Jement as to actual and potential tslpJat%in and dairns.. arKI reviewing (x)rr9spN)ndence with relevant regulators and the ccmpanVs1gJal advisors. Due to the inherent limrtations of an audiL there is a risk that y￿ not detect all irregularilies, ir￿lUdIng those ading to a malarial misstatem￿1 in the financial sL￿ements ￿n-￿m￿￿9nce with ￿Ulatic￿. Thls risk Infxeases the mrx8 that C￿[Alan￿ with a reguL4tkM is remov&d frcm the events atwj transactlfA15 re￿￿[￿j in the finalKI￿ stslements. as we will ￿ less Ille￿ to 1￿Come aware of uistances of non-compliance. Auditing standards aLso limit the audfc rffwedures required to bdentify n￿-coMp￿anGc with laws and Tegulalions to eNuiry d th& direct￿ and cther manag￿￿nI and the inspect￿n of rOgU￿tory aTh Iggal rA)rr8sponderKe, If any. The risk is 8Ls0 greatar r8garding wr8gularll￿S rmjrring du8 to fraLKI rather than em)r. as fraud invclv69 inl8ntional ￿Cea1me￿t, forgery. collusion, omwh￿. ￿ misrepresentation. A further descrfptlc*) of our reSp(￿SIbIlI￿es for the audll of the fin8ndal stalen￿nIS is located on the Flnancial R8porting CounrAfs Web￿te at vrtw.frc.org.UkJaudito￿re5p0nSi￿Irf(ieS. Thls dèsc¥fjptkn forms part of our Report of ￿ IndeF¢fKlenl Auditors. Useof our report Thi% rerx)rt is made So￿tY lo th8 charitable compaWs Éruslees. as a body, in aCt¢Kdan￿ with Part 4 of thè Charities IAcoJunls and Reportsl RegLlations 2008. Oltr audit wort( has been undertaken so thal we might slate to the charitsb￿ C￿nPan￿S tnjstees those fflatte￿ are required lo state to thèm in an auditors. report and for no other purpose. To the fullest extent tHmilled by law. we do not ac<*pt or assume resp¢J)sibility t anyone olhar than th8 Cfvaritab￿ (X￿panY ￿ the Chantab￿ compan￿$ trustees as a l)c*Jy, f¢wour audit wc*k. for this rewrt. or for the op1n￿n$ we have fom)ed. Smailes Goldie Chartered Accountants Slalutory Audit Eligible to act as an audilor #i to￿nS ￿ Sthin 1212 of the CC￿panieS Act 2006 Rggenvs Court Princess Stregt Hull East York5hk HU2 8BA 22 January 2025 Date.. Page 16 Jacobs Wèll Appeal Statement of Flnanclal Actlvhl•s lor the year ended 31st March 2024 2024 T¢)tal fvnds 2023 Total fvrKIs Unrpstrict&d Restricted fvnd fvnd Notss INCOME AND ENDOWMENTS FROM Donations and ￿aCleS 4.402,525 131.501 4,534028 5,151,874 Charltable actlvltles Charft8tAe acthiltles 104.617 1H6I7 416.083 Invèstment incom6 Olher Inwme 301 83.0 301 86.455 136 138,739 1378 Total 47253 5.706.832 EXPENDrruRE ON Raising fu￿8 86.723 2.573 89296 67,515 Charitable a¢tlvltl•s Charitable adivilies 4,340,182 202,336 4,542,S18 5,043,057 Other 114.214 Total 4 746.028 5,197.850 Nel gains1lk)ss￿I on investrnents 3.140 2,848) IN¢OMEIIEXPENDfTURE) Transf•rs botween funds 5&119 6,300 IU608) 6.31)0) (17,4891 506.134 18 Nèt movam8Trt In funds 61A19 (78.908) (17.489} 506,134 RECONCILIATION OF FUNDS Total funds brought forward 1,361A79 126.850 1.488.329 982.195 TOTAL FUNDS CARRED FORWARD 1.422.898 47,942 1.470.840 1488,329 The notes form ofthese firwKial State￿ents Page 17 Jacobs Well Appeal {Registarnd number. CE023865) Balance Sheet 31 st March 2024 2023 Notas FIXED ASSETS Tangible asge18 Investment8 12 13 19.674 35,145 23,517 32.OOS 51819 55,522 URRENT ASSErs Stod(s D8btors Cash al bank 14 15 1,113,506 457 318.442 1,008,889 59,851 372,275 1,43Q405 1.441.01S CREDITORS Amounts fallirvJ due vlthin one year 16 122.384) 18,208) NET CURRENT ASSErs 1416 021 1,431807 TOTAL ASSEfs LESS CURRENT LIABILITIES 1,470,840 1,488,329 NET As$￿s 1,488.329 FUNDS Unrestricted funds R8slrlctsd fuThls 18 1,422.898 47.942 1,%1,479 126,850 TOTAL FUNDS 1,488,329 Thè charitable company is enlitled to exemption frDm under SeclKJn 47T of Ihe Companies Act 2006 for the year ended 31st March 2024. The members have wt depwtwj Th)tic8. pursuant to SectiLW 476 of th8 Compani95 Act 2LX)6 requiring an audit of these flnandal statem9nts. The trustees acknowledp thelr res￿￿81b11ties fLY la) ensuring that the Ch￿ttable ccKnpany keeps acLrAJntwwJ re(x)nls thal ￿)MPty with Secti()ns 386 and 38T of the Companies Act 2006 and Ib) preparing finawal slal8m8nts ￿1¢h giv8 a arKI fair view of th& stale of affairs ol charilable company as 81 the end of eath finanL?al year of tts surplus or deficit for ea¢* fln8ncial ye8r in a(xordance wth the requirements of SecfioThs 394 and 395 and whith olhenMs8 ￿mplY wtth the requirerrpnls of Ihe Companies Ad 2C￿ relating io frAarrial slalements, so far as appfjcable to th& Charitab￿ ￿￿pany. The notes form part of these ffinancial stslemenls Page 18 continued... Jacobs Well Appoal {RogIstor￿ number. CE023865) Balanc• Sh•at- continuad 31st March 2024 These 11￿CIal 5tatem8nts been audi18d under Ihe requirements of S8Cti)n 145 of th8 Charit18s Act 2011. The financial slatemn15 were approved by the BO8￿ of T￿￿te8S and authorisod for issu8 on 20th J8nuary 2025 and were Sh3n￿ ￿ its bghalf by. M Rokortson - Trustee The notes fomi part of these fina￿1 statements Ptrae 19 Jacobs W811 Appeal Cash Flow Statomant for the year ended 31st Morch 2024 2024 2023 Notes ash flow5 frorn operating actSvltle8 Cash gengrat9d frrKn operat￿S 54,134 75.479 Net cash lused Inypn)vhJ8d by 0￿rat1￿ ¥134) 75,479 Cash flows from Invesllng actlvlU8s Purchase of tangible fixed assets Int8r85l reG8w￿j {3,000) 136 301 N81 cash provid8d bY1{us￿ in) inv&sting 301 Change In cash and cash equivalents In the reportlng petlod Cash and cash equfvalents at the beglnnlng of the reporung perlod ($3,833) 72,615 372 275 Cash and cash equlvalents at the end of the reportlng period 318,442 372 275 The notes f(m) part of these financlal statements Pag8 20 Jacobs Well App￿1 Notes to the Cash Fbw Statement for thg y￿r ended 31st March 2024 RECONCILIATK>N OF NET IEXPENtffilREyINCOME TO NEf CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Nel lexpendllure)llncome ft>r thè reE>tsrtlng Period (as pertha SLit8ment ol Flnanclal Actlvltles} AdJuslment$ for: Depreclallon charges (Gainylosses on Invesknenls Interest recewe In(sease in stocks DeLTeasellincreasel in debtors IrK¥easelldecreasel in cre(titor5 117.4B9) 506,134 3,851 2.848 11361 (416,0831 (1.9811 (3.140) (301) (104.6171 53,394 Ng1 cash lused Inyprovided by operatlons 134 ANALYSIS OF CHANGES IN NEf FUNDS At 1.4.23 Cash flow At 31.3.24 Notcash Cash at bank 372 275 53.833 318 372.275 53,833 Total 53.833 318.442 The notes fomi part ofthege financial statemwrts Poge 21 Jacobs Well Appeal Notes to tho Flnanclal Statemgnts for tha year ended 31st MaY¢h 2024 AcGoufrifiNG POLIGIES Basis of preparing the finan¢lal statements The financ￿1 stalemenls of the clkgritabte company. vthich is a PLi)lic benefit entity under FRS 102, hav& been prepared in arwdanc8 vAlh the Charities SORP (FRS 1021 'A¢￿untIng and Rgporting by Charities.. Statement of Recommended Practice appbea￿e to charities prepari￿ their accounts in accordance wlh tho Finanoal RepartirvJ Standard applicabk in the UK arKJ Republic of Ireland IFRS 1021 leffective 1 January 2019}'. Financial Report￿￿ Standard 102 The Finan¢ral Reporting Standard a￿licable in the UK arKI Reputlic of Irelanrf aThJ th8 Companies Acl 2Cffi. The financial stat8m8nts have been prepared under Ihe historical t￿1 I￿nventiOn. wlth the eX¢w￿On of Invesknents whlch are induded at market vahje, as nK#Jrfi8d by the revakntM)n of c*rtain assets. Merger Accountlng On 1 April 2022 registered CIO'Jacobs Wel AK4)eaf (reg ￿. 11923ni merged with registgred charlty 'Jacobs Well Appear Iw Th). 515235). taking on all ope￿tionS, irK&Jm8, expanditure, assots & liabilities. The wrposes of both charittes are corKurrent, and ttwe are rso charyes to the dasses of beneficiarles or thg pufEX)se of benefrts prO￿ded by the tharities. Trrèfom, th& wounts pr8senled ar8 th8 resu of cornbining the dwrties usiryJ merger acxounting asdictaled by Ihe Charilies SORP 2019. G￿n9 Con¢&m The Trustees assess u¥e olgciro ¢(￿COM is apwcyHts i.e. whelherthere are any malerfal uncertainties re￿Ied to events or (x)ThJilions that may (ast significant th)ubl on Ihe ability of the CIO to continue as a wing concern. The Twsle8s make this assessment in respect of ao p6ri0d of al least one year fr￿￿ the date of auihorisation fty issue of the finanual statements and have co￿￿ded Ihal the CIO has adequate resources to Lxbntinue in wratiL￿al existen¢* for the foreseeab￿ future arKI there aro Th) material UnCert￿ntIeS atrK)ut th& CIO'S abity to continue as a going (xjncem. thus Ihgy contTnue to *lopt goiffj tsjncem basis Or￿￿ntIr￿j n weparing the financial slatements. Income Al income is recognlsed In the Statement of FinancHI ActtvIli￿ once the charity has errtluement lo th& nds, it Is wotsab￿ that the income wal be receiv￿￿ the *nounl Can be measured rellably. Expènditure Liabilib"es are recogn￿1 as expenditure as $c￿n as there is a kgal ￿Constrl￿t1ve oblgatK>n committlng the charity to that expendfcure. M15 pr(4)ab￿ that a t￿sfer of ￿or￿mIG beneffts will b8 wuired in selllement and the amcdjnl of fv obligatKJn (gn be measured reliab￿. ExFtnditure is accounted for on an accruak basis Bnd has been Classrf￿1 underhe&dings that agJr8g8tÉ all cost reigtèd tothè c*legory. Where costs cann(* be direcuy attri￿tLy1 to parti￿lar headings thoy have been alkncalEMI to activtties on a baws consistent wth th6 w Df rEs(wJrces. Tangible Itxad a$sel$ Depreciati￿ is provid￿1 al the fdky4Ang annual ratss in order to write off asget over ts estimatèd useful lrfe. Buildings and fittings Containers Motor Vehlcl8S . line over 20 years . 50% ￿ Lx￿1 - Straighl line over 5 years stocks Al 31 M¥ch 2024 Ihe charity has Int￿jde￿. at a Wdluation of £1.113.SJ6. thè stL￿k of &)nated goods. mainty comprising ostomy suppl￿8. medthl ￿uipMent a￿1 dtspLwIIès. The stod( fgr the charlty Is (A)tained through mnéxchry tranSaCt￿rts and therefore stock Is hekj at Falr Value. The Falr Value of s￿h stock Is baswj on cw) market value where aVal￿ble, or the arn￿Unt for whlch the stod( IxJukJ be purtha58d at a whobsate18vel, bawl on publcw avaiL4N8 data. Pag8 22 continued... Jacobs W811 Appeal Noles to the Flnanclal Statsm8nts- eontlnuad for the year onded 31st March 2024 ACCOUNTING POLIGIES- contlnued Taxation Th8 charity15 exempt frorn CLwporth tax m its charilabte atht1￿. F￿d aGcountlng Unr8strictgY fvrvjs can be u8ed In actA)rdance ￿ tho dwltabb oblecdves at Ihe discrellon of Ihe twstees. Reslrlcted funds can onty be used for parbwkr restslded purposes vAlhin the oblects of the tharly. Restrictions arise when Speryti￿ by the donor or when fur¥Js are raised for parbcuLgr rèstsicled pury>)ses. Further explanation of the nature and KMJrpo¥e of 8ad) ffiJnd 18 includèd in the notes to the financial stalgments. DONATK)NS AND LEGACIES 2024 2023 Donated goods Donations Gift aid Legaaes 4,238274 131.501 153.954 10.297 4,752,420 225.850 172.604 1.000 4534,026 5,151,874 INVESTMETrif INCOME 2024 2023 Depost account interest 301 136 INCOME FROM CHARITABiE AcfMTIES 2024 2023 Activity stÈxk movement 104617 416,083 OTHER INCOME 2024 2023 Shop sa￿8 Other sates Other income 51.465 51.326 46.769 138,739 Page 23 contwiue¢J... Jacobs Wéll Appeal Nolèy to the Flnancial Statements- Continued for the y•ar gnd8d 31st March 2024 RAISING FUNDS Ralslng d(¥natlons and legados 2024 2023 Propty 8XP8nses Prfnling and statlonery Fundraislrg Admlnlstratkm expenses Postage and carriag8 Selling costs Stsff Tran$ptyt 11.340 531 11,340 563 3,179 4,311 807 2,672 40,709 3.934 4,469 717 4,355 45,870 21.816 89296 67,515 CHARITABLE AcTIV￿Es COSTS Olr8Ct Costs Charitable activtti&s NEf INGOMEI{EXPENDITURE} Net ino)mel(exp8nditure) Is ststed aftèr chargingl(credttingl'. 2024 2023 OerKeciaIi￿- Thyned assets Auditors R8muneralh)n 3,843 8,875 TRUSTEES. REMUNERATION AND BENEFrrs There were no thjstses, remurwallon or for the year eThJ8d 31st March 2024. norfor the year erKl8d 31sl Marth 2023. Tru$tees' 8xp8nses s E Lyk, trustee. was r&mbJrsed £1.478 tr8v818xpertses intsjrred on her trip to Ghana, and £9 travel expenses incurr&J in EnglarKI. Dr M Robertson, a twstse was reImbUts￿ £1.483 fortravel exF4nses on her trfp lo Ghana. PaJ8 24 oMtinued... Jacobs Well Appeal NoteB to thg Financlal Statamonts - continued fDr the year 8nd8d 31st March 2024 10. STAFF COSTS 2023 Wag85 alld salari8S P6n8ions 79,551 1.074 72,120 1,010 BO.625 73,130 2023 Avewe number of empbyees No enyloyee was paid at a rdle of n￿re ihan £60.000 dwing the year. 11. COMPARATIVES FOR THE STATEMENf OF FINANCIAL AGnviTIES Unr&stricted R8slricled fund bjnd Total fiJThls INCOME AND ENDOWMENTS FROM Donations and ￿a￿eS 4.925.644 226.230 5,151,8T4 Ch*ltabl8 actlvltles Charitablg adivities 416,083 416.083 Investment In￿me Olher irto 136 126.814 136 138,739 11,92S Total 5.468.8TI 238,155 5.706,832 EXPENDITURE OM Raising furNJs 64.358 3,151 67,515 Charltable adlvltles Charitable activities 4.837.032 2(￿,025 5,043,057 Total 4.985 076 212 774 5 197850 Net gainsllk)sses) on inv8strnents NEf INCOME Transfers between funds 480.753 (6(M)) 25.381 600 gA.134 Nét movemènt In funds 480.153 25.981 ,134 RECONCILIATION OF FUNDS Total funds br(wgh¢ fomard 881.326 100,869 982.195 TOTAL FUNDS CARRIED FORWARD 1.361.479 1,488,329 P￿25 conlinuèd... Jacobs Woll Appeal Nole8 to the Flnandal Staloments- ¢ontlI￿ad for the ￿ar anded 31st Maroh 2024 12. TANGIBLE FiXED A$s￿s BLubJirrfJs Motor vehiC￿S fftbryJs Contsinets Tolals COST At 1 stAprfl 2023 DlsposaL8 67,590 614 13.865 35,764 117.219 At 31st March 2024 66.9T6 13.040 31.769 111.785 DEPRECtATION Al 1st April 2023 Charg8 for year Eltsnlnatsd on dlsposal 46￿80 3,243 13.859 33.363 600 93,702 3,843 825 At 31st March 2024 13.034 29.969 NEf BOOK VALUE At 31st Marth 2024 At 31st March 2023 21,110 23,517 13. FIXED ASSEf INVESnAEKrs Listed investments MARKET VALUE Al 1st April 2023 Revaluaticms 32,005 3.140 At 31st March 2024 35.145 NEf BOOKVALUE Al 3181 MarGh 2024 At 31st March 2023 There were M investrnent assets (yJWe the UK. In¢￿ded within the ab￿ i8 ￿sh of £1.733 (2023: £1,448). Historlcal Cost of Investments The htslorical ￿st of investments as al 31 March 2024 was £30.(M))12023.. rJo.0001. Cost or va￿a￿on as at 31st March 2024 is represerrted ty. Listed Investments Valuation In 2024 35.145 Page 26 Conlinu￿I... Jacobs Woll Appeal Notes to the Flnan¢lal Statemgnts- Contlnuod for the ygar gnded 31st March 2024 1& STOCKS 2024 2023 Shop stock 7,819 4,171 Warehouse stock 480 Educational Hygiene ctothes Medical disposab19S Oslomy supples Medlcal equipment Container to be sent Bric-a-brac and hO￿SehokI 2,896 249 1,942 152,245 513,150 137,073 194.598 166,217 917.847 11,590 4.799 Warohousè stock 1.105,687 1,004,718 Total stock 1008,889 15. DEBTORS: AMOUNTS FALUNG DUE WThHIN ONE YEAR 2t)24 2023 Other debtors 6,457 59.851 16. CREDITORS.. AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2024 2023 Other rreditors Acemjed exrKnses 9.673 12,711 8,208 17. ANALYSIS OF NEf ASSETS BETWEEN FUNDS 2024 Total funds 2023 Tot fvnds Unrestricted Reslride(I fur fund Fixed assets Investrnents Current 8ssets Cu￿ent liabilities 19.B74 35.145 1.390.463 19.674 35.145 1.438.405 22,384 23.517 32.[￿5 1,441,015 47,942 1.421898 47,942 1.470.840 1,488,329 Page 27 cc¥rtinued... Jacob$ W811 Pwgal Notos to thg Flnandal Ststements- contlN*d for th8 y&ar •ndèd 31Bt March 2024 18. MOVEIIENT IN FUNDS Transfersl Gains Fund namo 0￿Ing Income Expenso Closlng Afghanistan Brownwell Burklna Faso Chikl StKJnsor5hip Burknna Faso Chdd Swnsorship Kerya Covtd Doctors Dry Season Ghana Fruit Trees Ghana literacy proje( Gift Ufe Helen Smith Hosrmtal Syria earthquake Tamal8 Ukraine war Other Well drilllng Madagascar 125 24.490 2,005 1125) 17,8291 16.178) 19,611 1,455 5.628 15.112) 12.401) 1280) 111604) 1770) 1614) 173 4.779 671 873 303 235 3.701 2.570 70,992 4,212 5,328 4,258 11.875 760 542 (2,5tx)I 1.550 661 801 303 150 632 1717) 13.701) 12,500) 189,576) 12,872) 149,798) 111,248) 180) 12LX)) 11.162) 106 565 1,4W) 16,850 1,606 19.153 150 61,320 12.432 13.8361 2,465 11,162 2.265 Total restricted funds 126,580 134.879 (207,487) 16.3001 47,942 Unre8tr1cted funds 1.361.479 4.593.660 4.538.541) 6,300 1,422.898 Total Funds 1,488.329 4.728,$39 4.746,0281 1470,840 Page 28 linued... Jacab6 Wall Appgal Notss to IhG Financlal Staterr￿Its- contI￿8d for thp year gndod 31st March 2024 18. MOVEMENT IN FUNDS - continued 2023 comparaUve mOvem￿t In funds Trnnsforsl Galns Fund nama Op￿ing kncome Exwsa Closlng Jghanlstan Abandoned girL8 Sth￿l Brownwell Burkina Faso Child Sponsorship Burkina Faso Child Sponsorship Kenya Covld D￿tOrS Dry Season Ghana Fruit Trees Ghana Itteracy p￿e¢t Gifi for Lrfe Helen Smilh HosrAlal Syria earthquak8 Tamale Ukraine war Well drilling 125 125 125 (3} 45.87S 5.323 (24,983) 14,203) 24.940 2,005 331 273 670 5.054 1327 Z563 (4,29n (2,1161 (2.9531 (1.323) 1,088 {696) 4,779 671 873 303 235 3,701 2,576 70,992 4,212 5,328 671 1,199 248 803 613 IS741 (1.1￿} 17051 600 327 3,701 6.725 5.070 71.C((J 2.212 69.209 (9.225) {8} (2.650) 1130.282) 1225) 28.130) 66.401 225 5.0 690 4,258 Total r8strkted funds 1rxJ.869 238.155 (211774 600 126,850 Unrestrided fund8 881.326 5.884.780 6(KJl 1.361,479 Total Funds 982.195 Q121915 S.616,781 1,488,329 19. RELATED PARTY DISCLOSURES The land on whid) Jacob's Well Appe81 buihyings starKI is owned by the Baynon Family Discwt￿n8ry Trust IBFDn. Jacob's Wdl Appeal rents its vrdr8house frC￿ tha BFDT. The trust is also a benefactor of Jacob's Wel Appeal. Its trustees aro DavKI Beynon, Rev John Beynon, Samuel Nunes and Dr 88 Bey￿￿. Dr Beryl B8ynon B also a trustee arKi [T￿￿￿1 director of Jacob's Woll and Rev Jclin Beynon is CEO. John Beynon, the son oftrustee Dr Beryl Beynm, Is employed by thecharity and Is remunerated at tre UK ￿vI￿a wage in his role as CEO. kn th& 8vent of any discussions regardlng paymènts to ba made by Jacob's Well Appeal to the BFDT, Dr Beryl Bewi and John BeYn(￿ are aSk￿j lo ￿ve the room so th81 a conflit of interest does not occur. Tr flnarKJal tr8ns8CtDns belween Jacob's Well and the BFDT are listed bolow. 2024 2023 Flnanclal Iransxvons baiwwn Jacob's Wall and th8 B•ynon Famity Dlscrellonary Trust Income to Jacob's Well Appgal General donalic Tax reda1Mab￿ on gift akl th)nations 12,500 805 12,500 10,227 13,305 22.727 Expenses for Ja￿b.$ Wdl Appgal Warohobse renl 18.(JlO 18,0 18,152 Page 29