REGigfERCI D CHARITY Nuf+qBCI R.. 119730 oi't of lie TA'U tees Aiidite(I fiTh al StRteinents foi. the YeTri' ERide(131 MR2clI 2024 ror AFRIC LIICF FUND Thapei's Liinited Cliarterd Awountaiits HarpRI House 14 HolYh￿d Road Hatidswoitli West Midlknds B21 OLT AFRICAN RELIEF FU Coiil¢iits of the filih#rtClAI Statem¢llts FOR THE YCI AR fi NDEJ) 31 MARCH 2024 Pige Repoa't of Ilie Trustee5 Repot't of tlie Inilepen(lent AiiditDI'S StHtem¢nt of fij]iaiici#l Activities BAlinee Sljeet 10 CTrsh filow Stileiiieiit Note5 to flje C%sli filoiy Stxltniellt 12 Notes to tlie fiinsJielThl StAtemeiit$ 13 10 18 D¢lailed StAtenJent of fiinAlltlal Aetivities 19 to 20 AfRICAN R Dort oftlie Tr riOII TFIE YEAR IINDED 31 MA 2024 The t¥uste6s presettl thtrlr Irport witli Ilie financial stAteJii¢nls of the charity for the year ended 31 Marcli 2024. The tÈ'iistee8 ljave ttdoplcd Ilie provis￿onS of Accoiiiitiiig atid Reportijig by Chai'ities: Stateineiit of Recomiiieiided Pracli¢e applicaljlt lo charilies prepai'iijg Ilieir ac¢oiints in accordance i¥illi tjie fiiiiancial Rewrtiiig Standard applicable in the UK at)d RepiibliG of Ir¢laTid {fRS 102) (effective l Jaiiiiary 20191. The Irustees plea8ed to pirseE)t Ih¢ir aTlllltal report with the fiiiaiicial slr1lei￿ti)lS of tlie eliarity loi. Ilie year ¢iiding 3 1st Marcli 24. Tlie Ii'iistee5 liave adopted tli¢ provisioiis Of Accouiiliiig and Repoiliiig by Cliai'ili¢s.' Stateiiient of Re¢oniiiiei)ded l¥aclice applicable lo cliai'ilies pr¢pariiig tlieir accounts in dccordance Iviih tl)e Fiiiancial Reportiiig Siatidaid for Sinall¢i' Entities (llissE) (effective 151 J&iiunry 20151. Tlie fiiiaiKial reporl ctsmpli¢s with the ClJai'itie5 Act 2011 aiid a¢¢oiiIiling aiid reporliiig by Charity. Statements of Recojnniended Practice is rtpplicabl¢ lo ¢harilies pr¢pariiig Iljeir accoiiiits iii accordaiice with the Fijiancial Repoiting Staiidard applicable in th¢ UK aiid Repiibli¢ ofii'elaiid {FRS 102) (Eifeclive 1st January 2015). 011.lECT￿f￿ S AND Ac'fiviTIEI S Objeelives Aikd Aiiiis Tlie objects of Ilie CIO ar¢ foj. Ihe publi¢ beiiefit in Africa. A.'fo davance ediicatio# in i)articiilaT biit iiol excliiskvely by biiildittg attd Fenovaliiig scliool&OrganI￿ll8 Teacl)ets' traiiiing iii collaboration witli Ioc81 UiiiveTSities aiid Regioiial Ediication Miiiistrie4sponsoring pool- aiid Oiphaiied childreti lo attend scliool whilst also providii*g school Ineals for lowei. iiiwme childreii to in1pl￿ve school el)1￿1111￿11I with donoi. parlners. B. Tlie ￿llEr of financial need aiid suffering at))01)g vicliikns of natiiral or otlier kind of disaster iii paTlicvlar biit iiot liiniled to proviiig eiJierBeiioy food,watei' and slielier.HealtlieAir projecls siicli os mobile ¢liiiic £l￿ble locals lo receive Ircalin¢nt of diseases. C.Tlic rcltcf of Sickii¢ss and tlie pres¢Jv&lioll hiid protection of good h¢alth,in paiticular bul noi lijiiited to pJDviding iidwives liaijiing ltt reduce th¢ higli rates of inalenial inortality> provision Df l)ygÉ¢iie ki15 and Èi)¢ubalors for PiEmaliire babies aiid mobile licalih ¢ltJiics. D. To relieve fJiiAiiciNI liai'dsliip,iii partioular bill not ex¢liisively by providiiig ,fo(xl,Ivater and lion food it￿7)S aiid ijiipleiiieiiting water projects sucli differeiil lype of water wells ,¢Aiili dams and raijiwaler Iiarvtst syslciii and ii?iiiEJig oiver iiiLoine I)￿73¢110]dS led by ¥YoJi)cti witli ¢raft tliat geiierHie inconje fur thcir families. Noiliitig in this con%tilutioii sl)all aiilliorize app1t¢all￿1 of tlie property of tlie e.TO foi. tlie puip05es wlii¢li are lio¢ ¢l)arilable IIJ ac¢ordaii¢e iyitl) {wtioii 7 of ilje Gharilics tT115tee iJivestii)eJit Iscoilaiidlact 2005) ond [seclion 2 Of tlie Charitics act (Noitlietn Ir¢laiidl 2Q08]. In ICSPttTlSC lo straleBi¢ coiisidcrdlioi15 aiid evolvin£ r￿Ul8101Y rcollirciii¢nls, the Tiustee8 of tlie Africaii Relief fviiid have optcd to traiisilioll Ilie orgaiiizatioti's striicttire to Iliat of a Chaiilable lllcorpo¥aled Orgaiiization (CEO). Miis repoil futi)i'c plajis of tl)e iieivly fomi¢d LIO. Tli¢ de¢isioii lo coiivert to a Cliarilable IncorJx>iEted Orgaiiization wgs reRclJed following car¢fiil deliberation by tl)e Trustees. Effective iinii)edialely. Ilie AfriGai) Relief Fiiiid will opttAlc ui)dei' the saine J￿ille, relaiiiing ils braiid ideiility, biit will be assigiied a i)ew cliarity ttiimber.. 1197360. This lra1151tioji iiiark5 a 5l8nifl¢AiII I￿11¢￿10jI¢ in Ilie orgalllzo1ion'5 joiii'ncy, refle¢ling a coniillithi)eiil to adap1abEI￿ty aiid Cw¢5t in Africa, with oJJly 21.2Yo of childirii attendii)g 8¢11001. DITI.￿ng iliis ￿l.1￿, Ivc distributed ediicatioiial i)ialerials ￿ ovti. I,OIJO cljildirii across schools in ilie Guricl distric¢. Tliese inalerials iiicliid¢d s¢liool bags, Ix>Dks, aiid slatioijery. The benefitiarie5 expr&￿ed iLiimeJ￿e gratitiide and ivere 11iglily motivated io coiitÉniie th¢ii' ediicalion, Iliaiik5 to tlie geiicroiis siipJx)li of oui. don0￿. Throiigl) tlie ongoing collaknimtion with pailiieis, volunteers, aiid donors, w¢ Inait)tained oiir oi'yhan aiid cliildreij's ediiLalioth 8poftsorship p¥ogiMniiiie. Thi5 1niliativ¢ lias enipowered children to iMiaiii in seliool wliil¢ 511ppoJlii)g tlieii. f&inilies lo ovewoiiie fillancial hardships ilial iiiight otlierwise lead lo school di'opDUts. The suppoited ¢liildren catne priill&rily froiii Mogadishu, Afgoye, Bosasso, Blliro, aiid Hargeisa. LoDkÈllg aliead to tlie Ji¢xl financial year, we plan lo stiBngth¢n 11?is project fiifthcr, ¢xpaiidiiig oiir Itacll to iii¢lud6 additioiial regioijs and siipportiiig eveji Iiiore cliildr¢Ji iii their educatioijal joiii'i)eys. 2024 RamA(laiJ SellsoiiRI Pi'oject Tlie Afi'ican Relief Fund's Raiiiadaii aiid Zakal projects ilk 2024 achieved rejiiarkable resiilis, bi'ingiitg iiiiKh.needed Yelief lo viili)erable fainilies at)d coiiiniitnilies io reiiiote alias of Bthiopi#, Sojnalia, ai)d Djibouti. Tl)i￿Li£&] tlie Iijiwavei'ing siipport of oiir gelleroi￿ doiior.8, Ilit5e initiatives pj'ovidd ¢55elllial aid and food to those iii nttd dliring tlie sacred monili of Ramadaji. Oui. ftht)d dÈstribulioJi pi'o£rrtminE, wliich mns Uiroughoul tlie year, lilte1￿lfIeS d(Iring R&i)iadaIi to tackle food poverty. Dul'ji￿ this blessed iiionil), we distributed food p&ire15 and provided wann iftar me81$ to those niost iii need. In tolal, 1,470 fainilie* aGYOSS Sonialia, Ediitspix, and Djiboiiti benefited froii) oui. family food par¢els and iftar nieals. These effort5 alleviatcd road iaSECUI'ity durijig Ilje f(1s1iiig period, olloiyiiig fainilies lo foci1% on ilie spiritiial obliEatioJis of Ramadan iyithout ￿￿11.Y]17g aLN)IEI Ilieii. basic iieeds. Tliiiiik5 to Il)¢ geiierosily of oui. donois, approxiii)ately 10.000 people &iailled a¢cess to esseiitial food siippliEs aiiil iiulritious iftai. meals. The beiiefici2l.1¥5 of oiii. RaniHdan proje¢ts liave exi)￿Ssed piY)foiiiid graliliide for the invaluable suppoit Ihey I￿1ved. Youi. generosity lias iiol only addiE55ed theii. iniihediat¢ iieeds biit ljas also iijspired hope foi. a biighter futiir¢. Their heartfelt prayers aiid ai)precialion are a leslaTiieiil to tlie tra115foiThalive impael of yoiii. contribuiioiis. Hanidi Fai'ah, aged 30, 0 moilier of iiin¢ rhildrejj-two of ivhotii are orphaiis-shared her profout)d gratitiide.. '1 ani gi'atefi]I to have been RIMong tlie beneficiaries of this project because I Iiiily rteeded it, With iio job wid an eldcrly Iiusbaiid, I Ivas facijig significaiit ¢liHllenges. The t￿li7e1Y iiolif￿ca￿o1l of tliis food assislaiice caine ivlieii l iieeiled il Iiiost. May Allah bl¢ss those iylio genoDusly provided for us." Similai'ly, Ibado Ali, aged 35, a widoiv aiid niotli¢i' of I I OTphaned ¢hildren liviiig in Madii)o village, Bulobarde, shared her oven¥lielihÈi)g eJiiotlOS15.' 'IVords ￿1)llOt EXPEess the depth of iiiy liappiiiess. By cljaiice, Ive received a coinplde lft#i' n3eal at oijr doorstep. As a widoiy with I l orplianed cliildren. Iliis g¢sliiiE cam¢ dui'iiig a parti¢ularly challeiiging time. l ani deeply 8ral¢fiil lo all WI￿ iiTrade IIiis possible, MRY God i'eward yoii abiittdanlly. ie5e teslinionials higlilight tlie profDiiiid iiiipacl of tlic Rajiiadall pi'ojecl, showcgsitig how your cottti'ibulioiTrs are Imaking a reftl diffeirncc in Ihe lives of Ilie niost viiliierable. Page 2 AFRICAN RELIEr riUND oi'l Df the T1.￿Ste¢S OR TIIS YEI AR ENDEI D 31 MARCH 2024 In addiltoji, Zakat distiibiitioji enabled beii¢fi¢iaYie5 to aC￿sS mucli-iieeded cash, whi¢l) was used for essentials sii¢h as food. clothin& aiid ciiildren's educatÈoi), sigiiificantly ii)Ipi'oviiig tlieir well-bekiig. As part of oiir Eid celebralioiis, we diSt[￿bUted gifts to over 1,000 viiln¢iable cliildren ill Ethiopih ai)d Soiiialia, bringiiig joy aiid gniiles to tliose who ii)igl)t otlien¥isc liave gone witliout. Cleaii Water Pi'ojects Expanding a¢¢ess io cleftn water ieiKains a corJiersion¢ of Ihe AfricAlI Relief Fiind's n)i8sion lo iimprove tlie lives of vuliierdb5c coiniijiinilies. Dutiiig tliis pei'iod, we iniplenieiilEd sevci?I watei. wells iii iiileri)ally displaced pel501￿ IIDI) cainys iii Ilie Hiraaii regioii of SoMblta, paitictilarly ii) Belehveyjje, where access to clean wa(ei' is a PErsisteiii ¢liall¢iige. Additionally, we coiiinienced the constiiiction ofai) exe¢lleiit iyalei. lyell eL]uipped witli a solar-pow¢¥ed piinipiiig syslei iji Hiidui-. locAted ill Ilie Soiith West Stale of Sointtlsa. 'Fliis iniiovative solution will ensiiffj a sUSta￿nable atsd iEliable yater supply for the ￿11?1711l￿lty. L￿kIng beyond Sojiialta, ive liave started plaiiiiing a niajoi. ivater well proje¢t iii Ethiopia. This anibitious initiative is PJbEressing well, oiid ive are liopefiil it Nvill be succ¢5sEully wmplcted by the end of tlie i?ext fiiiancial year. Tliese projects are a teSt4t1￿¢I1t to our coniniiti￿el1I to addressiiig waler s¢ar¢ity and ii)IPlDviiig tlie I￿alth aiid livelilioods of Iliose iii need. riINANC.IAI, REVICI W Ti'aii5actiortt nii{114)nnnclhl P051tioiis Tlie Sl&leiiient of Filla￿cial Activities shoivs tiel Increase of £529,659 foi. Ihe year, wid reseTves Stand at £529,659 iii total. Tlie Charity'5 total ili¢OlnlRg re8oiiir¢s for tlieyear are tI￿refOre £615,403. The Charity is ind¢bt¢d to Ui¢ g¢iierosity of Iliose Nvho dojialcd g￿le]Dus1Y lo th¢ ivoi'k of th¢ Chaiity. Tlie anioiiiit uryied forwaTd Iliis year will be allocated lo impleiiieijt Certaiii pi'ojects siich as iiivesting nioiE into machijiery ciiid p￿PertIeS. Reseives policy Tlie liijslees h&s d¢tei&iiiJied that th¢ appropi'i&te level of fire resejwes to be Iiiaiiitained ivliich are Thol invested, will be of 3 iiiontlt% opciatioii costs {£64,4551. F￿rURE PLANS As we look ahead lo the IIEXI fitian¢iRI ytai., we are cojnniitted lo strengtheE)iiig our currenl projects in edu¢&lioi) And walei. provisioii Nvitli yOilT continiied siippoit. Th¢se vital iiiiltall￿S hav¢ already niade a signifEcaiit iiiipact, and we hini biiÈld oil this succG8s lo reacli CVCD iiior¢ uiidei'served coIiimuiJities. In addition to reiJifor¢ing oiii. ongoitig work, we &re plaiiiiing to expand oiir e(Yorts Ènlo fli¢ Iiealth sector. Tliig will allow us to address criltrldl health cliallenges faced by ￿lIncrab]e wpiilatÈoJis, furtlieriiig otir niissEon ta iiiiprovE lives iti a Furtheriiiore, the triistees aiE actively exploTill8 tlie establi8hIJient of a ntsw endowineiil dedicat¢d to water ijrojects. Tliis endowineiil will provide a siislainable fiiiaiicial foiindalioi) lo siippoit Ilie dev¢lopiii¢nt of clean watei. iniliativ¢s, ¢nsiii'iiig long-lenii access lo safe driiiking water for 1110sc ivIIo ll¢¢d it Inost. Wilh yoiir unwaverijig generosity, Ive Irinain liopefiil and &nibilioiis aiK)ut tl)e iiiipacl we cali acliieve tO8¢tliei' iii thc coiiiitig year. srRucfuRE, GOVERNANCE AND MANACEI MENT Govei'iiliig iloculliejit The cliErity is coiitrolled by 115 govei'JJiJig do¢iiiiiciit,a deed of ti'l15t aiid ¢on51itiite all incorpoi*ted charity. Catididales alE sliorilisted based on n)crit aiid CxperiEI￿e. The selectioji És made by core volunteei%, trustees and senior n)anagenie211 collectively. A vote is tlieii Iiiade by Irusteeg foT F￿1?￿] Selecti￿1. Page 3 AfiRICAN RELIEF IIUND oi't of tlie Ti'ustees INDCID31 MARCH 2024 FOR THE YE STRucfuRC, COVERNANCE AND MANAGEMLI Nr 01¥giiliAtioti41 slriictuj'e The transition tD a Cliarilable Iiiwi'poraled OJ3anizAtioi) J'epresents a pivotal ill￿11e￿it for tlie Afi'icaii Rcli¢f Fund, 5igialling a colli1￿1t711e11l lo orgatTrizalioiial elTtrlivencss and siislaiiiabilily. As ive einbark on this i?ew diaplei., we rtiJiaEii st¢adf#51 in our dedication to serving coiiiinuJiili¢s in Jieed and advanciiig Dur niissioii of liuiiiaiiiltviaii assislaiice. We exyr¢55 oiir &Y81itisde lo all slakeliold¢r5 foi. t￿le1r siipporl aild understandiiig througlioiit tliis ti'onsitioii. In(IiietioTI Anil Iraiiiillg of Iieiv triistees The cl)ai'ity lias poli¢irs iti place lo ensiire eiknployees are adeqiialely ti'ained and capable to nieel tli¢ expeclatioiis of ilie job. As cli21 rilies are regiilaled ajid l)andle persoiial infoi'inalioii of people, tlie policies al'e dc5iwied lo addiES8 t1)¢ necess&iy knowledge reqiiiitd. Tlie policies tliat al'e in pla¢e iiiolude GDPR poli¢y, ¢liild prole¢lioii policy, IT poliw, viiliierdble adults, policy, grievaiiee policy and probatiojjary puiod policy. Icey nin119gemeJLt i'einiiiiei'atioii As per the coijsliliition, Inistees are eiilitled io ￿￿LEMeralloIt for expei)ses ijiciirred diie to tlie ¢liarity. Hoiyever, 1S)ey geiiei'ally do Iiot Irqiiesl reiiiiillei?tioii for their seivicts. As a gesliire of Roodwill, expense5 {iiJcliidiiig travell Ill¢UYFEd foi. tlie aGtivity of Ilie cliai'Ety are iriiiibiirsed iipotl IEvieiv and approval of ilie senior tiiaTIRgenieiil. Ri$li illllnxgeijieiit I￿e ti'iislecs have a dkity to identify Aijd review w)lenfial risks wliich tlie Gharity Can b¢ ¢xw)sed to. It is also vital lo ensiirc appropi-iai¢ controls air iii place to provid¢ Itasotiable ￿surall¢e agaTllSt fraud wid ei'ror. Tlie risks ¢Hii be botli Fiiiaiicial aiid Non-Financial. FiiinThclAI risks l. ￿le key risk is misusc of futids. As fi]nds air geijeraled from doiio]s, these miist be Iised in li17¢ willi the objectives of the ¢lFarity. Corr￿1 appLDPI'ldlion aiid allocation of fill￿5 is key to a charity's sucttss. 2. Moiiey laiiiidering. Non-filJianciRI I'islis l. Repiitation. 11 is Einporlat)t to avoid lami8hiiig the repiilalion of ili¢ ¢harity. DonoTS are willing to donate to c]￿ritIeS tlial tliey ts'iist. Thcy ghoiild be ¢ollviiiced Iliitt Ilieii. donatioi)s are going io piDj¥ts that will Inike a differ¢nce. 2. PTejiidi¢e S¢rkitiiiy. C.Iidrities Cali be Lx>iideJiined for pi'ojeGls based 011 ra¢¢, Irligion, geograpliical Iotxlions et¢. Tiiis can also iliGlude eniployee selectio￿. We I￿ve proceduiys in place like tlie AML Policy, diial AutliorEsalioTh proc￿ for expenses alld piDject piK)posal process b¢foir relvdsiiig any ￿nds. RYVLiRC4 NCE AND ADMINISTRATIVE DEITAILS RÈgi5tereil ChArity iiuinbei. 1197360 PriticlpAI R(l(li￿8 26 Graiige Road si￿all Htaih Ivest fvfidlaiids B109QN Ti'iislee8 MrH S Fai'ali Cl)aiTiiTraiJ Mrs M Farah Trustee M¥ A Hirsi Trustee {appoiiiled 27.5.2Q231 Page 4 AfiRICAN RELIElf he Trust roR THE YEAII LNDED 31 MARCH 2024 REFEREINCE AND ADMINisfRATIVE DETAILS Auililors ThApei3 Limited Chart¢red Acwiiiitants Harpal House 4 Holylie&d Rofjd Haiidsworth Bsllilln￿M West Midlaiids B21 OLT BaiTrkev$ Bairlays, Leic¢st¢r LE87 2BB Lloyds Bank plc 25 G¥eshaffl Streel, Loiidon EC2V 7HN. STATKMENT OF TRusfEES' RESPONSIBILITIES The iiustees ore re$poiisible foi. p￿paI.￿ng tlie R¢port of ilie Tr115tees and lh¢ finanoi81 8latel￿¢ntS iii accoidanee with pplicable law aiid Unit¢d Kingdoni A¢¢ountiiig SvAndal￿$ (URited Kingdoiii G¢Ji¢rally Accepl¢d Accoulltiiig Pi?ctt¢¢) includiiig Financial Repojtiiig Standard 102 'fii¢ Financiol Repoillrtg Sthiidhrd applicable in di¢ UK aiid Republic of Ir¢laiid' Tlie law applEcable ¢0 ¢liarili¢s iii Englaiid and Whles, tlie Cli&riti¢S Act 2011, Charity (Accouijls and Reports) R¢gulations 20L>8 and the piovision5 of the trust deed requires the tyustees to pitpare fli1￿1¢￿￿] $tatenieni$ for each fjnancial yeai. which 8iv¢ a true and faiy view of the state of affai1% of 111¢ cliarity and of the in¢on]ing r¢soiirces and applicalioii of re50uvces, includiiig the i￿c￿lle and ¢xpendilui'e, of the chai'ity for Iliat peii(NJ. In pirpa¥ing thos¢ financial stalein￿lI% the Irusl¢es die required to select suiiabl¢ accouiiling policies aTKI then apply Iheim ¢OllSiSt¢iJtly' observe lh¢ ni¢thods wid piinciples in the Cliaiiry SORP. I￿ake judgeTh)¢￿¢S aiid eslimales tliat are reasonable and prudent. stal¢ wlieiliei. applt¢ablc accoiinling standards hav¢ i￿¢n follow¢d, $ubj¢¢t to any maieyial departiires disclosed and explaiiicd in thc finaucial staieiiiettts., prepare th¢ finaii¢ial statements on tlie goijig basis uiiless it Is inappropriate to pyesunie that th¢ cl)prity ws11 coiitiniie in bu5111eS5. ]lir tru51¢¢5 are ir5poiisibl¢ fDr keepijig proper Kcoutiting r¢¢ords ivliicli disclose witli ￿l￿)i}Ible acciiracy at &try lim¢ tli¢ flnatjcl￿ position off1￿ cl)ar*ly aiid to enable Ilieiii to ensiire that ilie finwi¢ial slaiemeiils coii)ply ivitli Ilie CIIAllties Act 2011, the Ch*wity (Aceounis and R¢rA)11s) Regiilalioi)s 2008 and the provisio1￿ of the tL"usI deed. ￿leY ar¢ also re$w)nsible foi. safeguarding th¢ a￿e¢S of th¢ cliarÉly aiRd IiEli¢¢ for lakimg itasoiiable steps for tlie pieveiitioii oiid deieclion of fraud &iid other irregularilbes. Approved by order oftli¢ board of ts'iislees on 27 Jaiiuaiy 2025 and sigjied on its behalf by.. Mi. H S Fluah. Truste¢ Pag¢ 5 Dl't of tlje Inde Afi'icAiI R Ilie Triistee$ or ef Fiiii Opimioii We I￿ve aiidited the fiiiaiicial staleineiiL% of Africaii ReliefFund Itlie 'cliarity') for tlie year ended 31 March 2024 ivl)t¢li oillpi'ise Ilie Stateijienl of Finaii¢ial Activities, Ilie Balai)ce Slieet, ili¢ Cagli Vlow Slateniellt and iioles lo the fii)an¢ial slateinei)Is, iii¢ludIi￿ a suttiiiiai'y of sigi)ificanl acwuiilitjg polici¢8. TIK financial i'eporlEJJg fraiiiewoik that lias beeii applied tlicir yreparntioii is appltcable law aiid Uiiited Kingdoni Aceoiinling Standfirds (Uniled Kingdoi)i Generally Accepted Accouiiling Pie¢tice), incliidijig Finoncial Reportijig Staiidard 102 'The Fiiiaiicial Reporlijig Standard applicable li) tllc UK aiid Repiibli¢ of Ireland,. giY¢ a tiiie ai)d fair view of the stale tsf thB cljarity's affairs as at 31 Marcl) 2024 and of its iii¢oniitig resources aijd &pplicalioJi of Tesoiii'ces, foi'11)eyear then eilded. Iiavc beeji properly prepared in accordaiice with Uiiited Kingdoill Gcnerally Accepted AcmiiiitlllE Prd¢lic¢. ii)cludiiJg Finan¢ial R¢poJtiiig Stalldai'd 102 The Fiiiancial Reportillg SlandaiKI applicable iii the UK and R¢pEiblic of Irelfviid and have been pjtpared iii aeco1x1￿7ce with the requir¢ments of tlie Charities Act 2011. Bnsis for opÉiiioii We ¢oiiducled oui aiidil iji accordaiJ¢¢ witli InterJiation&l Standards oil Aiiditing (UK) (ISA5 IUK}) and applicable law. OLIT r¢sp(msibiliLies uttder those standards alE fuitliei. described in Ihe AiiditoiE' resptsnsibililies foi. the audit of tjie fiiiancial stateineiits section of oiti. rcport. We are indq)eiideJil of Ihe C]￿l'lty iii ACCOi'daiice witli tlic cihieal Teqiiircineiils tlial ar¢ relevaiFI lo our Riidit of Ilie fiii&iici41 staten)ents in the UK, incliidiiig the FRC'S Etlii¢al Staiidard, aiid we have fiiifillEd oui. E)Ilier eilii¢al re5ponsibililies iii accoidaiice witli these reqiiTreiii¥iils. We believe tliat the aiidit evid¢nc¢ wt have obiaiiied is siiifibieiit atid oppropriate to pyovidc a b%si5 for oiir opinioii. cone1115ioiis I'elRtin% to %05Jig eoiie¢rn lil &udilit?g the fsiian¢ial statements, Ive liave concluded tliat the Itiistees, 115¢ of tlie going concerji basis of aw)unting iii tlie pYepaiiLtig11 of ilie f&iiaii¢ial statem¢Jils is appropri&le. B?sed OTI tlie work we havc pci'f017ned, we l)ttYe t)ol id¢nl1f￿ed ai)y Inaterial iinttrlaintics rclaliiig to events oi. eondiliai that. individiially or collectivcly, cast sigi1ific￿1t doiibt on tlie ¢haiity's ability lo contiiiue as a going coJi¢erii foi, a period of at least tiyclve Ji)onths froiii wliei) IIIE fiiian¢iAI statemenls air aiitliori5ed foi. issue. Oiir ￿SpO￿sibIlitles wid th¢ IEsJx)Iisibilblies of th¢ tNstees with I'espect to going cottcei'ii are described in the rel¢vaiil sections of this report. The Ii'iE5tecs ai'¢ respojisible foi. the oili¥i' inforinalioii. 'Ilie oihei. iiifoi'malioii rompiises ¢lie uifoi'malioiJ in¢luded in Ihc A wiual Repoit, other tliaii the financial statejiienls and oui. Repoil of Il)e Iiidepend¢iit AudiloJ5 Ilieiroii. Our opiiiioii on the fiiiallci&I slatemei)ts does iiot cover tlie other inforiKatiot) and, ¢xc¢pl lo the exl¢nt othejivise explicitly slated in o￿l. report. we do i)ot exi)Irss aiiy foimi of assiii'aiice coii¢liisioii tliereoji. In cot)iieclion wilh oiir audit of the fit)an¢ial stat￿1]¢1715, 0111. IEspoiisibility is lo read tlie other ittfomialioii and, in doiiig so, coiisider ivheiliEr the oilier iiiforniation Ès i))atci'ially iJicoiisistei)l ivitli ilie f111aiicial staleni¢nts or oiir knoiyledge Dbtained in the audit oi. oiliernyise appears ￿ be iknatcrially 111i551ated. If ive idejitify siirli InNterial ili¢OTlSlSteii¢ies or pijarent nEalerial mi5slateiiieiJts, Ive ar¢ reqiiiird to deta￿111]e ivlieilier Ihis gives rise to a iiialerial nii8slaleiiieTIt in tFJe financial slal¢iiienls Ilieinselves. If, ba5Ed oli the ivork iv¢ have perforiiied, Ive con¢liidE Ilial tlierc 15 a iaalerial niisstalenient of this oihej. infoi'malion, we ali Irqiiired to report tlial fa¢l. We I￿ve notliiiig lo report iii tIIis IE8ard. Mittci'& on ivlEickn wc Al'e teoEisred to i'eptsi't by exetptioji We I￿ve notlliiig to r¢poil in I.esp￿t of Ilie follo¥ving matters where th¢ Charities (Accovnts and Re￿rts) REgiilati011s 2008 reqiiires IES to I'eport to yoii if, in oiir opiniDn'. Ilie iiiformati￿) given iii tlie Report of tl)e TTiislees is iiicoiisistejit iji a￿Y n)aterial respecl iyiih the finailcial slalemciits., oi. si?fficiei)t aecoiiiitijig recoiés1)ave not been kep(; or tlie fiiiancial stalenients al'e iiot iii ￿￿EeIn£l1t witli Ilie accouiiting T¢¢ords aiid retums. or we have iiot Irceived ￿11 tlie inforJi)atiTrn and explanations we i'equire foi. oiir aiidit. Page 6 oit of the Elide ?￿}(1tnt Au African Relief If in(1 iistees of Ilespotislb115tie5 of tj'ustees As explained i￿01￿ fully iii Il)¢ Slaieiiient of Trustees, Responsibilities, tlie tnislees al'e respotisible for the PlEPRratioti of the finaTJcial slatei¥J¢iils wliicli £ive a li'ue aiid hir view, and foi. su¢li inleriial coiilrol as tli¢ triistee5 del¢miin¢ is IEeces$ary to enable Ilie prepaialioi) of fJtiaii¢ial Sfaten)ents tlial aiE free froiii nialei'ial Iiiisstatenient, whetljer diie to fraiid oi. tri￿r. Ill PTepariiig thc fEnan¢ial stateinei)Is, tlie Iru5tees ar¢ respoiisible for ?ssessiiig the charily's ability lo ¢oiJliiiug as a goiiig coiicern, disclosiiig, a5 applI￿able, mallers Y¢lated to goiiig con¢erii aiid lis11￿ Ilie goiiig concerti basis of accoiiiilitig Iinl¢ss the Iriislee5 either iiitend to liquiilate tlie cliai'ity oi. to c¢asE operations. or Iiave 110 IEalistE¢ a11eJLalive but to do 50. Oiir ie5poiisiI)Illties foi. tlie nu(lit of the fiiiancigl $t#t¢iiients We liave beeit appoiiiled as aiiditOi% IlE)der Section 144 of the Charities Act 2011 aiid rew)it ill accordattce with tli¢ Act aEid relevant regulatioiis niade or liaving effeLI thereiinder. Oui. obj¢clives are to obtain reasoiiable as511rat)¢e abolit wlietl)¢r the fjnancisl slalemenls as a wllole Are free frt)m Inaterial Inisslaleiiieiit, i¥lictl?er due to fiziid or eri'or, ￿ld lo issue a Report of Ilje Indepcndcnl Aiidtlois tliat iiicliidc5 our ops11ion. Reasoi)abl¢ a5siirRI)ce 15 a hig13 level of aSsi￿aliCe, but is not a 811&1'aiitee tlul an aiidit cojiducted iii acconlance Ivitll ISAS (UK) Ivill aliyays delect & n)atci'ial thisslatcinenl iyhen it exis15. Misstalenienls cali ai'ise frojii frAiid oi. and are co1￿111¢red Inaterial if, iiidividiially or iii Ilie aBgirgale, they coiild ieasollobly b¢ expected to iiiflueiice th¢ ¢coiiomi¢ decisiojis of iisers takeii on tjie basis of these fiiMIiGial stat¢ineiii5. Extent lo whieli tlio AIL(lit ivas roiisidei'¢il ¢aP4Trble of dtteeting Iri￿gIE1&t-Ities, Iiielu(liii% fiAii(I Irregiilt&i'itiL%, includiiig fimiid, are in51a]Ice5 of noTi-compliance willi law8 aiid regiilalioiis. We design proceduirs ii) liiie wit]1 oiii itspottsibililies, oiillincd abov< Èo dct¢ct 11)aterial niisslaten)cJits Eti I'espect of iriEgiilaYitie4 tijbluding fraud. Tlie extejit lo wliicli our procedvr&% arr ¢&pable (IfdEt¢cting irregiilarilies, incliiding fraiid is detailed below. W¢ coiisider¢d the i)aliire of tlie charitable orgAl1izalioiJ and its control enviix)nment, a5)d IEvi¢wed the charity's doimitneiilation of tlieir policies ￿nd PTo¢¢duiEs r¢laling to fraii(l Hnd coinpliaii¢e with laws at)d regulAlioiis. W¢ also enqiiired of ftiana8elm￿it &boLII tlieir owii identification aiid assessii)ent oftlie risks of iir¢giJlaiities. We obtained aji understanding of Ilie Itgal wid Yegiilatory fil￿1¢W0t{( thè)1 the charity operates iii, and iikntified the key aws aiid regiilatiojis th&t'. had a dircct ¢ffEel the deletiiiiiialiDn of n)alerial ftmouiils and disclosur¢s iii tlie fsiMn¢ial st&teinenls. lknese ijicliided Ilie Chai'ilie5 Act aiid lax legislatioii, aiid do not liave a diTect cffccl on t1￿ financial slatetjieiils but coinpliance willi wliicli may b¢ fuiidainejital lo ihe charitable org8JJization ability lo operate or to avoid a nialerial peiialty. We disciissed aiiioi?g the ￿[di¢ eiigageiiienl ieam iEEardtng tIiB OPPOrtiinilies aiid iiiceiitives that iiiay exist within the organizatiom for fraiid and how a11d where fyaiid miglit o¢ciir in tlie finaticial sl8¢eineiils. Iii coinmoii iviili all aiidils uiider ISAS {UK), we are also reqiiired lo perfornl specific procediire5 to r¢s￿lId to tlie risk of iiiaiiqgemtfit override. Iii addresssn8 the risk of flaiid tliroii8h niai)ageJiieJit override of roiitTols, we lested tlie ,Ippropi'iatcness tsf jourjial eiitl'lES aiid othEr adjiiskni)eiils', assessed wheth¢r the judgenients made iii Jiiakiiig accoiinliiig cstiiiiales ait indic2L tiY¢ of a yptenti#l bias,. atid ev8liiated the biisiness rationale of RIIY SiEJiificant tr￿715actiOjts tliat aiE Iiiiiisiial or oiilside the iTro¥inal ¢oiirse of b1￿InesS. Iji additioii to tlie above, oiii. proeediiirs to ￿Spond to Èlle iisks ideiJlifi¢d Included Ilie followiiTrg'. reviewilig finan¢ial stateiiieiit disclosiii'es by lesliiig lo supportiiig dociimeiilalioiF lo assess con1plian￿ with provisions ot'relevaiit laws #lid regulalioiis descyibed as havsiig a direct effect on Ilie filia1￿cial slateinenls. perfoiiniiig aiialylical procedllr¢s lo ideiilify aiiy uniisiial oi. uiiexpcclcd Irlatioiiships Ilihl niay iiidi¢ale risk5 of Inalerial Inisslateineiit due to fTrud., eiiquiiiiig of iiiaiiagemeiil, Aiid ¢xltrnal legal coiiiisel con¢einiiig a¢ttial aiid PDteJitial litigation ￿ld claiin5, and IDslaiicey of Iioii-CQIRpliance willi laivs aiid l'egiilal￿tis. and readiiig ininutcs of meetiiig5 of those ehfirgtd with governaiioe. A fiirtliei. des¢¥iplion of our resJx)nsibilili¢s for the aiidit of tlie fEiiaiiBsal 51alements is located ot) the Vinaiicial Reporting Couiicil's website &t Wi￿v.￿¢.01￿.llkl?Vd1I0r$Tr8po￿]s1bIll1tt$. Tliis dEscription foi'nis p2rt of our IleNxt of ilie Independenl Aiidilors. Page 7 Re oil of I Inde nden lief F Use of our I'epoi* This r¢po¢l is In&de solely kn the ￿￿tity'S ti￿Ste¢S. as & tM)dy, in aecordfiiice Part 4 of the ChaiitLes (Accounts aiid R¢poL1sI R¢gul&tions 21)08. Ou¥ iudit ivoi* Ii&s beeii uiid¢JtAken so tlixt we nliglil stal¢ to the ¢harity's tnistees those JMatt¢is w¢ filE required to stale lo tliein in aud1k¥￿' r¢port aiid (or no other putpc>8e. To the fullest extent permitted by law, we do not a￿ept or ossuille reSpoJisib￿1tty to Aiiyone oili¢r thai) the Charity w]d Ihe cliarity's t￿￿tee8 as a body* for oiii, audi¢ work, for this r¢port. or for the opinion5 we have fornied. Tliapers Liijiited Chartered A¢coiiiitanls Haryal House 14 l1olyliead Road HandswoTih Biimingliain Wesl Midl&tMIs 27 j￿lu￿ry 2025 Pag¢ 8 AfiRICAN RELIEI r riUND Stateinei)t of fijiJAiitial Acti ties IE YEAR ENDED 31 MARCH 2024 FOR PERIOD 6,1.22 YEIARCINDED 31.3.24 Totnl 31.3.23 Total fiinds un￿sti1cled Restricted rund Notes INCOME AND EI NDOWMEIYTS fiROM DonNlioiis and legacies 528,942 100,070 629,012 Ollier trading activities Oilier it)conie 4,723 2,974 4,723 2,974 TotAI S36,639 100,070 636,709 I XPENDITURE ON Raisiijg fitnils Raisiiig donalioiis aiid legu¢ies Oihei. Ii'adii)g a¢liviiies YD 4,290 70 4,290 4,360 4,360 ClIAI'llable Aclivitle5 Projects Gov¢rnance Costs 68,007 6&007 19.994 19,994 Othei. 1,080 Total 68,007 92,361 1,080 NET INCOMEI(CI XPENDITURL) 51228S 32.063 544,348 11,080} REI CONCILIATION or FUNDS Total fiiiids bToughi forward {1,080) (1.0801 TOTAL FUNDS CARRIII D FORIVARD 511,205 32,063 543,268 {1,080) Tl)e nol¢s foiTh p&rt of tliese fEnaiirial stateii)¢nls Page 9 AFRICA 31 MARCH 2 3113124 3113123 Note5 FIXED AssKrs Tangible assets 11,037 13,611 CURRCI NT ASSETS Deb1oib Cas]1 al bank Biid in hand 12 1,266 537,778 539,044 CRCI DITORS An￿li1)ts falliiig du¢ within one y¢ar ij (6,8131 (14,691) NET CURRCI Tr4T ASSETSI{LIABILITIES) 532,231 (14,691) TOTAL ASSETS LESS CURRENT LIABJLITJCI S 543,268 {1,080) NET ASSIITSI(LIABILITIKS) 543268 (1,080) FIITrIDS UDf¢8lri¢led fvtjds R¢strictcd funds 15 511,205 32,063 11,0801 TOTAL FUNDS 543,268 (1,080} The fii)fiThoial Sffii¢iii¢iits w¢re appiDved by the Board of Tiust¢¢s ai)d authorised for i$$u¢ on 27 January 2025 and w¢r¢ signed on its behaifby.. Mr H S Farnh- Trus1¢¢ The iiDtes foiin pail of fh¢se fiiiarteiAI staleniejits Page 10 ArRICAN RCI LIEF fiUND Cis11 f+1 SIAtemefftit THE YCI AR CINDEI D 31 MARCH 2024 PBRIOD 6.1.22 YEIAR EIIYDED 31.3.24 31.3.23 Noles Cash floivs froin opeJY¢tlii¥ ctivliies Cash geiiei?ted from opei'ali011s 538,236 Nef cas]1 provided by OPErfiliJi¥ activities 538,236 Cash flows fJ'oTll iiiVQStlng i?Ctivltks PiiYcI12se of tangible fixed &ssets {4581 Nel casli {used inyurovideiE by invtssting activitie5 (4S8) ClJAiige in CAsh Aiid Cash eqiiivRl¢iit$ in the I'epo￿-llIIg pci'iod Casli aii(l easli efjiiivAleihtE at tlie beglmniiig of the Iciitsrtiiig period 537,778 Cash cish eqiiivllleiits at the ¢iid of flJ¢ i'eporting pw'iod 537,778 Tre notes fonn part of tlir5e fiThaii¢ial stateineiils Pagell AFRICAN REI LIEF fiUND Notes to tlie c￿S]1 Flow State¥neiit IOR THKYEIARENDCID 31 MARCH2024 RLI CONCILIATION OF NEI T ANCOMII IIEXPENDI'fuRE} TO NEI, CASI.1 IILOW FROt*i OI'LIiAI'ING AcfiviTICS PERIOD 6.1.22 YEAR KNDED 31.3.24 31.3.23 Net iiicomel{exp¢iJ(Ilfui'el foi. tlie iei)oi'ilng pei.lu(l (as yer tlie StRtcJiieiJl of fiiiiAiJcl#l Activitie3) Adjiisttneiits foi.: Depr￿lali0ij ¢liarges assets Ke¢eived froiii old ¢liarity12St YE Ii)crease in debtors Iiicrea5e in creditors 544J48 (1,080) 3,032 {13,011) (1266) 5,.733 1,080 Net tThsli provide(1 by opei-Alion$ 538,236 ANALYSIS OF CHANGCI S IN NLIT FUNDS At 1.4.23 Cisl) flow At 31,3.24 Net ta511 Casli at bank and iii Iiand 537,778 537,778 537,778 537,778 Total 537,778 537,778 'Fhe note5 foi'iii part of ihese fiiiancial staleJi)enls Page 12 AFRICAN REI LIE , ND Notes to tlie rtlllAiicI I StAteiJi riOR THEI YEAR ENDED 3] MARCII 2 ACCOUNTING POLICIEI S Basis of ijreparlog the fitiancial 5tHtemeiit$ The fiiiancial statei)ieiits of tlie ¢liarity, Ivliicji is a public bciiefit entity under FRS 102, liave beeji piEpaiEd i oetordance witli tliE cl￿ritIeS SORP IFRS 102) 'Accoiii?liiig Reportiiig by Charities.. Staieinciit of Recoiiiniejided Pra¢tice applicable lo ehayilies prepariiig tlieii. accoitiils iii accDrdan¢¢ ivitli tlie Fii?an¢ial Rewi'lii)g Staiidard applicable ui tlie UK aiid Republi¢ of ljelwid (FRS 102) leffwlive l Jaiiua¥y 2019),, Fil￿nCIal Reportitjg .8laiidai'd 102 'The 17iiiaiicial Repoi1]i￿ Staiidard applicable iii the UK aiid Repiiblic of t￿land, aiid tli¢ ClIRrities Act 2011. Tlie fin￿l0￿al slalemeiits 118ve been prcpaild under tjie liistoi'ical wst lijcunje All iiiconie is rttogi)ised iii th6 StaleJi)ent of Fiii&n¢ial Activities once tlie charity has entitl¢Jiient to the fiiijds, il i5 pi'oboble tliat tlie iJi¢onie ivill be r¢¢eived and tlie amount cali bc measured reliably. Gifts iii kind doiiated for distribiitioii are included al valiialioii and re¢DgllisEd as incon)¢ wheii tl)ey are dislribiited to the yroje¢ls. Gift￿ltet7is donaltd by busiiiesses & corniMiiiiitics foj. di5tribiition to the poor & iieedy aye oiily incliidcd as iiicome wl?eir a irliable valiialioij is available. Otlierwise ojily tlic costs as50ciaid iviih tlie IrdllSPOrtatioti and distiibiitithi of tt)ese itenis are sliown iji the fiiian¢ial slaleRieJits. No aiiiouiils ar¢ iiicllided iii the financial slatei)ieiils for setvi¢es donated by voliinteers. Expentlitiii'e Liabililies ¢ire r¢cognised a5 expenditure as sooii as thei? is a legAI or coiistiu¢live obligatioi) cojiiniitting the Iiarity to Iliat eXpend￿ture, it is probable that a trat)sfci' of ecoiioJiii¢ be]iefits ivill ￿ IrqÈiived iii settlement aE]d Ihe aiiiounl ot'tlK obli8iltiuii ca12 be measitird reliably. Ex]KJidiliire 15 iiccoiiiiled lor 01) ali ae¢riials basis aiid lias beeli classified undcr lietLdii)g5 that aggregate all cost related to tlie ralegoiy. Where costs caiiiiot be diiE¢tIy attribiiled ID t￿rtiCUlar lieading5 tliey have been allocated to activities on a basis coiisislenl IVLtli the li￿ of resoiirees, Fiind-yaising costs are Iliose ilJGiirird in seekiiig Yolutildry conti'ibutions aiid do not ijicliidc the ¢05t5 of di55eJiiiiiatiiig infomiation iii siipN)Il of tlie charitable activitTres. Siipport wsts arc tliose costs iiicli￿ed diirctly in siippurt of expeiiditijre on tlie objeets of ilie ¢harily aiid iiicliide project *nanagFeJi)¢Jil cgiritd oiil at Headqiiarters. MaiEageJi)enl and adniiiiistratioii costs are tlio8c in¢iiir¢d ill conn￿l10l7 will) lh¢ adjninistralioii of thc cliarity and compliance wilh ¢onsliliitioJi&l and slatiilory reqiiirci?Icnt%. THllgible fjxed Assets D¢pir¢iation is provided .al dje followiJ¥ annual rates lli order 10 I4'rit¢ otT eac& asset over its estimated ILsefiil Fixtlires aiid fill2iigs Motor vehicles 25Yo on ieducijig baldiice 25Yoon r¢diiciiig balaiiee 250A 01) Yediiciijg b&laiice T&iigible fixed assets costing more tljan £500 air capilalised aiid iii¢luded at cost itscliiding aiiy incideijtal expenses of acquisiliDll. Tlie Cliarity 15 txeitipt fiDni tax oij its rharitabl¢ activities and is registered foi. VAT. The diarity is alloived to re¢laim lax on doii 512,285 Resti'leted fiiii(ls Restricted 100,070 (68,007) 32,063 TOTAL fuNDS 636,709 (92,361) 544,348 Page 17 conliiiiied... AFRICAN RELIEr ri UND Note he fi j]1 riOR THC ncial Sta*eit]eiils- contiAued R ICNDLI D 31 MARCH 2024 MOVCI MENT IN fiUNDS- etsiitinut(I Coiiii)Al'g1ives for niovoinenl iu funds Net At 31.3.23 iji funds Uiitistrtefeil futads General fiind (1,080) 11,080) TOTAL fiUNDS {1,080) {1,080) Coi)Iparalive net tnovenienl in fiiiids, iiiGliided iji the above are as follows.. R¢sour¢e5 expeiided Movenjeiit resoiiir Una*5ti'icted fiiii(l$ Gtheral fiiiid 11,080} (1,0801 TOI'AL FUTr4DS (1,080) (1,080) 16. RELATED PARTY DISCLOSURES Duriiig the pej'iod ,the iieiv ¢h8rity aCqllilEd fixed assets fr02]I Ili¢ old eliarity al wriltei) dgwii valiie as disclosed Page 18 RICAiY RFLIEfi fiUND Det riOR THE YEAR ID31 MARCH 2024 PERIOD 6.1.22 YBAR ENDED 31.3.24 31.3.23 INCOM14 AND LI NDOWMEI IYTS Dotjatioiis AiiÉl legacies Donalioiis Donalioii fi'oMI Old ClJaTity 62,963 566,049 629,012 Ollior tIRding #ctiYitie5 Shop ilico1￿e 4,723 Othei. liicome L4allk iiite￿5t received 2,974 Total ii)coining I'esoiiites 636,709 I XPCINDITURf Rgtslxg (101181ions Aiid legacies Volunleey Expel￿¢$ 70 Othei. tYhdiJig ae¢ivitLe8 Cloth Batik Rent 4290 Clhai'ltAble Aetlvllle5 Walei. Project Qiirbani Project Eiii¢rgEney Pi'oject SchMI I'roje¢t Water Well Project RAii)ad&n ProjEGt 8,314 6,529 3,279 8,495 23,904 17,486 68,007 Siippoi't costs M4iiAgcineiit Postage and stHlioJiery Adveiti$iiig Motor and Travel cxpeii rixliirc5 and fittiiigs Motor veliicles Coinpiiter eqiiipment 148 1,717 4,291 501 1,941 590 9,188 Other Subseriptioiis 640 Ihis pag¢ does not foiiii part of Ilie slaliiloiy finaii¢ial slal¢iiiei)ts Page 19 AFRICAN RBLIEIF FUND St¥Ltemeiit of filiiAii¢iAI Aetivitles THE YEAR EINDED31 MARCH2024 PERIOD 6.1.22 TO 31.3.23 YEAR ENDED 31.3.24 Otliei. Gov¢i'iifriice costs Wages 967 406 250 386 2,036 S49 295 4,899 378 Rent, RRtes aiid ivaler lJisurancE Liglit and heat T¢lephoi)e Accouiitancy and legal fees Bank ¢lJaiEe5 ,080 10,166 1,080 Tol&l re501irces expeiided 92J61 1,080 Net Iiicome/(expet)diliiie) 544048 {1,080) Tl)is page dot5 llot forim part of Iht slaliilory fiiiRiIGial slaleineiiL8 Page 20