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|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|
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||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~||
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|||||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|
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|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|||||||
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|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|
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||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|
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|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|
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|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|
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