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2021-12-31-accounts

Charity number: 251524

NORTH KASAI MISSION

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2021

NORTH KASAI MISSION

TRUST INFORMATION

Trustees: Mrs S Smith
Mr T N Sparrow
Dr D S Taylor
Mr P Thomson
Mr K W Wood
Charity Office: 3 Warwick Hall Walk
Cochrane Park
Newcastle upon Tyne
NE7 7SD
Charity No: 251524
Independent Examiner: John Oswald BA FCA
Stephenson Coates Audit Limited
Chartered Accountants
West 2 Asama Court
Newcastle Business Park
Newcastle upon Tyne
NE4 7YD
Solicitors: Balfour + Manson LLP
56 - 66 Frederick Street
Edinburgh
Scotland
EH2 1LS
Bankers: Barclays Bank UK PLC

Page 1

NORTH KASAI MISSION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees present their report together with the financial statements of the Charity for the year ended 31 December 2021.

CONSTITUTION AND TRUSTEES

The North Kasai Mission is constituted by Deed of Trust and is a registered charity, number 251524. The address of the Treasurer is 3 Warwick Hall Walk, Cochrane Park, Newcastle upon Tyne NE7 7SD.

The Charity Trustees who served during the year and to the date of this report were:-

Mr D Hill retired 3 September 2021 Mrs S Smith appointed 5 March 2021 Mr T N Sparrow Dr D S Taylor Mr P Thomson Mr K W Wood

Appointment of Trustees is governed by the Trustees of the Charity. The Board of Trustees is authorised to appoint new Trustees to fill vacancies arising either through resignation or death of an existing Trustee.

OBJECTS AND POLICIES

The object of the Charity is to advance the Christian religion by supporting missionary work carried out in the North Kasai area of The Democratic Republic of the Congo. The Charity employs no staff and all work is carried out on a voluntary basis.

The Trustees hold meetings throughout the year as necessary for the purpose of considering the needs of the work and for agreeing distribution of funds. Funds are received by way of gift and are allocated to support the work going on at the discretion of the Trustees.

There has been no change in the objects and policies of the Charity since the last annual report.

ACTIVITIES

The general income fund is made up of all gifts received, including from legacies and trusts, together with bank deposit interest; these totalled £134,631 in the year (2020 - £149,794). Donations received on behalf of specific persons and needs are forwarded direct to those specified and are not included in the financial statements.

It has been possible to maintain a flow of funds to those areas both directly and through intermediaries, and to missionaries amounting to £279,212 (2020 - £279,964). The work has been maintained and a greater emphasis given to the school work now that the country is recovering from political difficulties and violence. We have continued to give medical aid to those injured in the conflicts and helped feed and house displaced people and educate children among them.

Literature is still being printed in the Kasai area for distribution.

In setting our objectives and planning our activities, the Trustees gave regard to the Charity Commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant.

Four issues of a magazine “North Kasai News” were produced during the year in order to provide information about, and stimulate interest in, the work of the Mission. These magazines are made available free of charge to individuals and assemblies who request them.

Page 2

NORTH KASAI MISSION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2021

(Continued)

FINANCIAL POSITION AND RESERVES

The Charity has assets which are available and adequate to meet its obligations for the foreseeable future. The Trustees continue to invest free reserves in interest bearing bank accounts which provide a reasonable market rate of return, free from significant risk to capital, and which are readily available.

At 31 December 2021 free reserves were £512,260 (2020 - £660,230).

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of its financial activities for the year. In preparing those financial statements generally accepted accounting practice entails that the Trustees:

The Trustees are required to act in accordance with the Trust Deed and the rules of the Trust within the framework of trust law. They are responsible for keeping accounting records which are sufficient to show and explain the Trust’s transactions and to disclose with reasonable accuracy at any time the financial position of the Trust, and to enable them to ensure that any statements of account comply with the requirements of the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Trust and to prevent and detect fraud and other irregularities.

INDEPENDENT EXAMINER

A resolution to reappoint Stephenson Coates Audit Limited, as independent examiner will be proposed at the forthcoming Annual General Meeting.

APPROVAL

This report was approved by the Trustees on 7 September 2023 and signed on their behalf by:

S Smith Treasurer

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NORTH KASAI MISSION

I report to the charity trustees on my examination of the accounts of the charitable trust for the year ended 31 December 2021, which are set out on pages 5 to 9.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charites Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s report

I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

John Oswald BA FCA Stephenson Coates Audit Limited Chartered accountants

West 2 Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD

7 September 2023

Page 4

NORTH KASAI MISSION

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2021

INCOME FROM:
Donations and legacies:
From assemblies and individuals
Sponsorship of students
Trusts and legacies
Investments:
Bank deposit interest
TOTAL
EXPENDITURE ON:
Charitable activities (note 2)
Missionary support and distributions
for specific purposes
Support costs
TOTAL
NET MOVEMENT IN FUNDS
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD		 2021
2020
£
£
71,448
31,882
2,750
936
60,374
115,211
59
1,765
134,631
149,794
279,212
279,964
3,389
3,130
282,601
283,094
(147,970)
(133,300)
660,230
793,530
512,260
660,230

Page 5

NORTH KASAI MISSION

BALANCE SHEET

AT 31 DECEMBER 2021

Note
CURRENT ASSETS
Debtors
4
Bank accounts
Current accounts
Deposit accounts
DEDUCT: CURRENT LIABILITIES
Specific allocations not yet dispersed
Funds on temporary deposit with the Mission
Creditors
NET ASSETS
FUNDS:
Unrestricted Funds:
5
General Fund		 2021
£
23,275
503,375
526,650
14,390

512,260
512,260
512,260		 2020
£
27,518
651,729
679,247
15,161
3,856
-
19,017
660,230
660,230
660,230
£
49,799
453,576
9,157
5,233
-

Approved by the Trustees on 7 September 2023 and signed on their behalf by:

S Smith Trustee and Treasurer

Page 6

NORTH KASAI MISSION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements are prepared under the historical cost convention.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.

The charity constitutes a public benefit entity as defined by FRS 102.

The trustees are satisfied that there are no material uncertainties concerning the Trust’s ability to continue as a going concern for a period of at least 12 months from the date of approval of the financial statements. Accordingly, the financial statements continue to be prepared on the going concern basis.

The financial statements are prepared in Sterling.(£).

1.2 Income

Voluntary income and donations are accounted for as received by the Charity. Donations received on behalf of specific persons and needs are forwarded direct to those specified and are not included in the financial statements.

1.3 Expenditure

Expenditure is included on an accruals basis. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Gifts payable are charged when the offer is conveyed to the recipient, except in those cases where the offer is conditional.

1.4 Classification of expenditure

There were no costs of fundraising incurred in year.

Expenditure on charitable activities includes direct and support costs.

Value added tax is not recoverable by the Charity and is accordingly included in the costs incurred.

1.5 Voluntary assistance

Time is expended on the Charity’s activities and governance which is donated free of charge. It is impractical to quantify the value of the time given; accordingly, in accordance with FRS102, it is neither recorded as donated income nor as an expense in the financial statements.

Page 7

NORTH KASAI MISSION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021 (continued)

2. CHARITABLE ACTIVITIES

Missionary support and distributions
for specific purposes
Remitted to Congo for general
and station costs
Bibles and other literature
Sponsorship of students
Paid to missionaries –
personal and work
Support costs
Bank charges and exchange rate loss
Postage, stationery and sundries
Provision of "North Kasai News"
Independent examiner's fees		 2021
2020
£
£
252,472
240,707
22,361
35,921
1,979
936
2,400
2,400
279,212
279,964
327
60
-
-
2,336
2,344
726
726
3,389
3,130

There were no employees during the year and there was no remuneration paid.

No remuneration directly or indirectly out of the funds of the Charity was paid or payable for the year to any Trustee or to any person or persons known to be connected with any of them.

3. OTHER FINANCIAL ITEMS

During the year the Charity received donations amounting to £18,374 (2021 - £23,333) on behalf of specific persons and needs. These donations were forwarded direct to those specified and are not included in these financial statements.

Page 8

NORTH KASAI MISSION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

(continued)

4.
DEBTORS
Gift aid recoverable
Fund transfers relating to 2022 activities		 2021
£
5,007
18,268
23,275
_____		 2020
£
4,716
22,802

27,518
_____

5. FUNDS

Unrestricted Funds comprise those funds which the Trustees are free to use in accordance with the charitable objects.

6. RELATED PARTY TRANSACTIONS

There were no related party transactions during the year.

Page 9