| Contents- | Page | |
|---|---|---|
| Company Information |
11 | |
| Trustees' Report -. Report ofthe Auditor |
2-g 10-12. |
|
| Statement of Financial | Activities | 13 |
| Balance Sheet | 14 | |
| Statement ofCash Flows | 15 | |
| Notes to the Acco'unts | 16-22 |
| Unrestricted | Unrestricted | Restricted | 2023 | Unrestricted | Unrestricted | Restricted | 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Total | Funds | Funds | Total | ||||
| Note | |||||||||
| Income from: | |||||||||
| Donations | 793,240 | 235,384 | 1,028,624 | 780,636 | 410,070 | 1,190,706 | |||
| Legacies | 634,259 | 634,259 | 332,531 | 332,531 | |||||
| Investments —interest receivable |
35,160 | 35,160 | 2,464 | 2,464 | |||||
| Investments —dividends |
17,323 | 17,323 | |||||||
| Other sources: | |||||||||
| Sundry income |
614 | 614 | |||||||
| Surplus on disposal |
339564 | 339564 | 52 | 52 | |||||
| Total income | 1 | 820160 | 235384 | 2 | 055544 | 1 | 115683 | 410070 | 1 525753 |
| Expenditure on: |
|||||||||
| Raising funds | 2 | 190,837 | 190,837 | 180,090 | 180,090 | ||||
| Charitable activities: |
3 | ||||||||
| Partner Media Projects | 702,783 | 338,844 | 1,041,627 | 593,423 | 436,655 | 1,030,078 | |||
| Partnership Team Costs |
144057 | - | 144057 | 122 130 | 122 130 | ||||
| Total expenditure | 1 | 037677 | 338844 | 1 | 376521 | 895643 | 436665 | 1 332298 | |
| Net losses on investments | ( | 21 341) | - | ( | 21 341) | ( | 19186) | - ( | 19186) |
| Net income/(expenditure) | 761 142 | (103460) | 657682 | 200 854 | ( 26 585) | 174269 | |||
| Transfers between funds |
|||||||||
| Net movement in funds |
761,142 | (103,460) | 657,682 | 200,854 | (26,585) | 174,269 | |||
| Reconciliation offunds |
|||||||||
| Funds brought forward |
3323290 | 136609 | 3459899 | 3122436 | 163194 3285630 | ||||
| Funds carried forward | ~40 /432 | ~3~19 | ~7~5 | ~~9 | ~f~(j9 ~359~ |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Tangible fixed |
assets | 7 | 731 | 245,626 | |
| Investments . |
8 | 1 043 078 | 53822 | ||
| 1,043,809 | 299,448 | ||||
| Current assets | |||||
| Debtors | 619,833 | 325,062 | |||
| Cash at bank | and in | hand | 2 560 529 | 2 895002 | |
| 3,180,362 | 3,220,064 | ||||
| Creditors: Amounts | falling due | ||||
| within one year | 10 | 106590 | 59613 | ||
| Net current assets | 3073772 | 3 160451 | |||
| Net assets | 13 | ~1'~)~1 | |||
| Restricted funds | 12 | 33,149 | .136;609 | ||
| Unrestricted | funds | ||||
| General reserve | 12 | 4 084 432 | 3323290 |
| FOR THE YEAR ENDED 30SEPTEMB | ER | 2023 | ||||
|---|---|---|---|---|---|---|
| 2D23 | 2D22 | |||||
| Cash provided by operating activities |
||||||
| (see below) | 59,822 | 975 | ||||
| Cash flows from investing activities |
||||||
| Interest and dividends received |
35,160 | 2,464 | ||||
| Proceeds offixed asset property disposal |
581,142 | |||||
| Payments for fixed asset investments |
(1,155,926) | |||||
| Proceeds offixed asset investments disposals |
145329 | |||||
| Cash (used in)/provided by investing |
activities | (394295) | 2464 | |||
| Net cash (oufflow)/inflow | (334,473) | 3,439 | ||||
| Cash and cash equivalents at 1 October |
2022 | 2 895002 | 2 | 891 563 | ||
| Cash and cash equivalents at 30September 2023 |
~9M59 | MIME | ||||
| Cash flows from operating activities |
||||||
| Net income for the year | 657,682 | 174,269 | ||||
| interest and dividends included in investing Depreciation |
activities | ( 35,160) 3,317 |
( | 2,464) 3,317 |
||
| (Gain) on fixed asset property disposal Net losses on investments |
( 339,564) 21,341 |
19,186 | ||||
| (Increase) in debtors Increase/(decrease) in creditors |
( 294,771) 46977 |
(176,154) ( 17179) |
||||
| Cash provided by operating activities |
| 5 | GOVERNANCE COS |
TS | ||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Affiliations | 3,794 | 4,003 | ||||
| Auditors remuneration |
for audit | services | 8,280 | 7,560 | ||
| Auditors remuneration |
for other | services | 4,158 | 4,764 | ||
| Board expenses | 6012 2~84 |
4462 21}789 |
||||
| 6 | STAFF COSTS | 2023 | 2022 | |||
| .Wages and salaries | 255,513 | 264,969 | ||||
| Social security costs | 20,529 | 22,681 | ||||
| Employer contribution |
to defined | contribution | pension schemes | 20427 | 19818 | |
| 29/ 4~9 | QQ7 ~68 |
| Freehold | Furniture, | |||
|---|---|---|---|---|
| property | equipment &IT |
Total | ||
| Cost | ||||
| At 1 October 2022 | 257,578 | 21,863 | 279,441 | |
| Additions | ||||
| Disposals At 30 September 2023 |
(257 578) | ( 8 595) 13268 |
(266 173) 13268 |
|
| Depreciation | ||||
| At 1 October 2022 | 16,000 | 17,815 | 33,815 | |
| Charge for the year | 3,317 | 3,317 | ||
| Released on disposal At 30 September 2023 |
( 16000) | ( 8 595) 12537 |
( 24 595) 12537 |
|
| Net book value | ||||
| At 30 September 2023 | ||||
| At 30 September 2022 |
| FO | R THE YEAR ENDED | 3 | 0S | EPTEMBER2023 (continued) | |||
|---|---|---|---|---|---|---|---|
| 8 | INVESTMENTS | ||||||
| Listedinvestments | on | the | UKStockExchange: | ||||
| 2023f . | 2022f | ||||||
| Valuation | |||||||
| At 1.October 2022 | 53,822 | 73,008 | |||||
| Additions | 1,155,926 | ||||||
| Disposals | ( | 153,907) | |||||
| Change in market value |
( | 12763) | (19186) | ||||
| At 30 September 2023 | 53J(22 | ||||||
| 9 | DEBTORS | ||||||
| 2023 | 2022 | ||||||
| Gift Aid recoverable | 6,003 | 6,700 | |||||
| Sundry debtors | 25,533 | 25,568 | |||||
| Legacies receivable | .: | 588 297 | 292 794 | ||||
| 10 | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2023f | 2022 | ||||||
| Other creditors | 61,781 | 10,801 | |||||
| Accruals and deferred | income | 44 809 | 48 812 |
| 12 | FUND STATEMENT | |||||||
|---|---|---|---|---|---|---|---|---|
| 2023 | ||||||||
| Brought | Income | Expenditure | Transfers | Carried | ||||
| Forward | f | f | f | Forward | ||||
| Restricted funds | ||||||||
| Special projects | 136,609 | 235,384 | (338,844) | 33,149 | ||||
| Unrestricted funds |
||||||||
| General reserve | 3323290 | 1 798819 | (1 | 037677) | 4 084432 | |||
| Total funds | X45K89R | &~&42Q3 | (3~&6521) | 4~758 | ||||
| 2022 | ||||||||
| Brought | Income | Expenditure | Transfers | Carried | ||||
| Forward | Forward | |||||||
| Restricted funds | 163,194 | 410,070 | (436,655) | 136,609 | ||||
| Unrestricted funds |
||||||||
| Designated reserve fund |
1,200,000 | (1,200,000) | ||||||
| General reserve | 1 922436 | 1 096497 | ( | 895643) | 1 200 000 | 3323290 | ||
| Total unrestricted | funds | 2 783550 | 1 096497 | ( | 895643) | - | 3323290 | |
| Total funds | ~~6Z | (1~32298) | ~4~99 |
| ANALYSIS | OF NET ASSETS | |||||
|---|---|---|---|---|---|---|
| 2023 | ||||||
| Creditors: | ||||||
| Fixed | Current | due within | ||||
| assets | assets | one year | Total | |||
| Unrestricted | 1,043,809 | 3,147,213 | (106,590) | 4,084,432 | ||
| Restricted | 33149 | 33149 | ||||
| f043 SQQ | ~359362 | (&1KGK) | 4~IZ561 | |||
| 2022 | ||||||
| Creditors: | ||||||
| Fixed | Current | due within | ||||
| assets | assetsf | one year | Total | |||
| Unrestricted | 245,626 | 3,137,277 | (59,613) | 3,323,290 | ||
| Restricted | 136609 | 136609 | ||||
| 32LU$5 | (53~) | MiK893 | ||||
| GRANTS | ||||||
| During the year grants were made | to the following | institutions: | ||||
| 2023 | 2022 | |||||
| IBRA Sweden/Pingst | 237,571 | 333,606 | ||||
| FEBCUSA | 90,820 | 72,627 | ||||
| Feba.India | 68,233 | 59,845 | ||||
| Alraj | 61,340 | 45,538 | ||||
| FEBA Pakistan | 54,000 | 54,000 | ||||
| SIM Ethiopia | 27,110 | 30,662 | ||||
| Radio Wimbe | Association | 28,044 | 20,419 | |||
| Ruah Group | 37,992 | 33;750 | ||||
| FEBCUkraine | 20,000 | 28,501 | ||||
| Tahanint N'Massinag |
40,699 | 24,395 | ||||
| Radio Vida | 20,000 | 15,000 | ||||
| Other grants | &f20,000 each | 57 147 | 45 636 | |||
| ~742 95 | %7~7 |