FEBA RADIO {LIMifED BY GUARANTEE)
TRUSTEES, REPORT
and
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024
Charlty R•gl•tratlon No: 257343
Company Number: 00940492

FE8A RADIO ILIMrrED BY GUARAKfEEI
REPORT OF THE DIRECTORS
and
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024
Contents
Page
Company Infomatton
Trustees, Report
Report of the Auditor
Statement of Flnan¢ial Acllvr(ies
Balance Sheet
Slalement of Cash Flows
Notes to Ihe Accounts
9-11
12
13
14
1&21

FEBA RADIO (LIMITED BY GUARANTEE)
COMPANY INFORMATION
TRUSTEES
Richard George Gilbert (Chair until his résignation on 5 June 2024>
Julia Anne Bicknell
Brlan Nicholas Henry
Catherine Jane Registor (Chair frcwn 5 June 2024)
Andrew Gordon Steele
Mark Sayers
Simon Mason
CHIEF EXECUTIVE
Robert John Elvy chaM￿r$
COMPANY SECRETARY
Robert John Elvy Chambers
KEY MANAGEMEpif PERSONNEL
The Trustees
Chief Executive- Robert Chambers
Head of International Ministy- Kevin Wren
REGISTERED OFFICE
5 Robin HOC￿ Lane
Sutton
Surrey SM12SW
SOLICITORS
L8wls & Dick
443 lthrvJston Road
Ewell
Surrey KT10 ODG
BANKERS
National Westminster Bank
27 South Street
Worthing
West Sussex BN113AR
AUDrroR
Jacob Cavenagh & Skeet
5 Robin HOCMJ Lane
Sutton
Surrey SM12SW
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FEBA RADIO (LIM￿ED BY GUARANTEE)
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees present Iheir reFQrt and the financial statements of Feba Radio forthe year ended 30 September
2024. which have been prepared in accordanc8 with tha C(ynp3nios Act 2006. tho Charitiog Statement of
Recommended Practice (Charities SORP (FRS 102)) and Financial Reports"ng Siandard 102 IFRS 1021. The
annual report serves the purposes of both a Trustees, Report and a Directors. Report under company law.
Tha Trustees express their heartfelt gratitude lo God for everyone vtho has Frayed for and generousty donated
to Feba over the pasl year, and often for many years before. We are also thankful for our dedicated staff
t8am, who diligently manage daily operations. Some focus on intemational ministry roles, whila others
concentrate on fundraising and communication with Feba's supporters in the UK.
OBJECTIVES AND ACTIVITIES
Feba Radio's principal objective is to promote the creative use of radio and other audio media to inspirè
people lo follow Jesus Chrlst. Feba is committed to ministering to the whole person.. working in culturally and
contextually appropriate ways - including the use of people's heart languages.. and priorilizing closed or 'h8rd
to rgach, cont8xls - including places where Christians are a minority or face persecullon. Our strategy is to
work with and through partners. growing their capabillty and capacity to use audio media for imp8cttul
Christian mlsslon. Being affiliated to. and aligned with. the FEBC Intematb)nal Association is an important
part of Feba UK'S identity and purpose.
Our work to enable partn8rs indudes". firKling and connecting in18r8st8d parties.. offerlng stral8glc advice
includlng the aréas of accountability and govem8n¢e,' training and capacity buildlng: and offerlng financial,
techni￿1 and practiGal support.
M05t of the charity's established and current work is in North-East Africa, the Middle East, and South and
Central Asia and. In recent years. Eastem Europe. We seek to Co-operate wilh the local church wherever
possible, reflectlng the church's unlque and vital role In communities.
ACHIEVEMENTS AND PERFORMANCE
Mlnlstry
Feba's core Christian ministry Continues to thrive. wlth 22 projects across 17 countrle8 8eNing 28 people
groups in the past year. in accordance with our Grant Payments policy. We actively seek opportunities in
closed or hard-lo-reach areas. espeaally where Christians are a minority or face persacution. Msny projects
have been running for over a decade. fostering strong patherships and ensuring ongoing eff&ctiveness
through regular revlews. The Trustees have considered the Charity Commlssion's guldance on public benefit
in delermining our 8Ctiviti8s, and we remain committed to invesling in areas where Feba's work aligns with
FEBC International's ministy efforts. Some examples of our partnership work are detai￿d below.
Bang18desh
Rurgl Ministrius Bangladesh (RMB) r8ach8s out to tha gOOA of the country who do not know or follow Je8US.
Bangladesh is one of the most densely populated countries in the wodd. rated at number 26 on the Open
Doors World Watch List 2024, and classed as unreached by the Joshua Project. Christians often experience
persecution, and those who come frryn an Islamic background are looked up)n with susplclon and are often
ostra¢ised in Iheir communities.
In addition, the country regulaty experIen￿S catastrophic flooding and has recenlly been plunged into a stale
of civil unfest. Government job restrictior¢s proved to be the spark that lit the blue touchpaper of prolests and
violence. In July, there was a communications blackout with all social media and mobile internet access
blocked by the authorities. Amid the violenl civil unrest, partners felt threalened but pressed into God: °Mobs
are out every night_ We live in anxiety, and there is no other way for us except to pray for God's help..
However, programmes have continued to be broadcast via shortwave radio despite the restrictions.
broadcasting messages of hope and peace.
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TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Our partner broadcasls two daily programmes which rAn be heard throughout the enlire country. Broadcast
in Bengali. they are aimed at villagers aged 25 to 40 who are non- or semi-literale. The moming programmes
are for believers who haven't had any contact with other Christians or church life, while the evening ones are
more evangelistic in lone, including storytelling, drama, debates and health advice to communicate the gospel
in (Jifferent ways. Our partner runs regular follow-up Dlscovery 8lble Study sesslons. as well as Ilsleners.
conferences at which many are coming to faith and being baptised.
The estimaled number of Chrislians living in Bangladesh is about 950,000, which is around 0.60/0 of the
popu121ion of 179 million. Every time a listener comes to know Christ because they heard our partners,
programmes, there is great rejoicing. Abhoy. a vet from the southwest of the country, got in touch. .1 heard
your programme and contacted you because I wanted to know more about Jesus. l attended your radio
listeners. conference and realised Ihat He is my saviour. I was baptised and shared the good news with my
friends and family. But now, our local Imam tells everyone not to trust me or to listen to what I say. There have
been threats against me because I follow Jesus. Please keep me in your prayers."
Mali
Mali is a landFocked country within West Africa. It is 1,241,238 square kilomelres 8nd shares more than 7,000
km of common borders with seven countries- Mauritania. Algeria, Niger, Burkina Faso, Cote d'lvoire, Guinea
and Sgnegal.
Radio Tahanint records prcgrammes in four local languages and thes8 are broadcast weekly across the
central and northern regions of the country on more Ihan 25 local FM stations. The content includes scripture
reading and explanation, practical lifestyle teaching. health and development. There are visits lo the radio
stations and they are always looking for more stations to air content. They work with the local pastors, in the
vicinity of the radio station, ensuring that broadcasts aro aired as well as listener follow-up activities,
discussions and disciplin9.
The last half of the year has been characterized by Ihe persistence of securily incidents in the Timbuktu region
and the multiplication of repression of the civilian population by armed groups following the intensification of
ongoing military offensives.
Despite this difficult and fragile situation, the project's activities were carried out in accordance with the annual
plan.. The 48 messages initially planned for each national language selected in the project were produced
and broadcast on the partner radio stations. However, radio stations did not complete the broadcasting
contract because they were closed due to the destruction of their antennas due to bad weather. However. our
partner was able to visit them and see firsl-hand the damage to their broadcasting equipment. They took the
time to pray for them which was a great encouragement for them.
In totsl, Dur partner recorded 204 messages, with more than 2,688 broadcasts due to hvo broadcasts per
week on 28 radio stations.
This year, Feba helped to provide 960 solar radios programmed with the frequencies of our broadcasting
partners. Our partners and listeners were very happy to receive Ihese efficient and very good quality radios.
Every day our partner re￿iVeS new requests for radios.
All of this has meant that people have contacted our partner to find out more about the ChTislian failh, asking
questions Ihat enable inaccurate concepts. prejudices. and stereotypes to be challenged and answered.
Local cornmunities have requested the rebroadcasting of some of the programmes which shows a strong
level of engagement and appreciation. Whilst our partner does not see many people choose lo becorne
followers of Jesus {probably due to fear of perseculion and bein9 ostracised by their communities), some
listeners have made that decision this past year, and they work with local pastor to enable appropriate support
and discipling.
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TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Iraq
Our partners al Iraq FM produce communify-focused programmes which address many of the iggues facing
the country. The primary religion is Islam, where.. 97 /D of the population identifies as Muslim while Christians
make up around 1.4010. Iraq is currently at number sixteen on the Open Doors World Watch List 2024 and has
been experiencing political, economic and social instability for decades. Many of the listeners are women
mostly unemployed as they are not allowed to work, who often feel like prisoners in their own homes. Our
partners have been able to establish new friendships through Ihe Ministry. An increasing number of listeners
are divorced, and many are strugglin9 Wlth money issues.
The team at Iraq FM use interviews and interactions with Ihe community to help educate, entertain and
encourago people who are forced to live In fragmented neighbourhoods. Many are vulnerable, lonely and
isolated, but the hope-filled values around God's loy and peace permeate the programmes. However, there
are still obstacles thal the team need to overcome. Iraq's precarious financial slate frequently makes it a
struggle to transfer mu¢h-needed funds to Iraq FM, but as one of the team, Yosef, says.. "We are going
through great financi81 distress, which is hindering the progress of our ministry, but we believe that God's
work will expand despit8 all the obstacles that the enemy of goodness is putting in our way.-
There are new hurdles to overcome as the country puts More administrative systems in place, but despite the
roadblocks hindering the ministry, lisleners are coming lo faith. Khaled" contacted the team to say that after
Ilslening to Iraq Fm's programmes, he now believes in J85us. A face-lo-face meeting is planned, and he will
be discipled and supported in his new faith. Yosef says.. ar9 confident that God's work will continue
effectively with tho power of the Holy Spirit. dospite all the obstacles we face."
Our partners are working hard. despite many challenges, to come up wlh new ideas for programming in a
country which is struggling with huge social and economic issues. They are very grateful to local churches.,
on8 rents them space for a studio, and another supports financially and broadcasts 8 family programme five
days a week. Another listener, Jassim" spent many days reading the Bible and listening to testimonies. He
and his family have now put their trust in Jesus and the team are supporting them.
FEBC Intemational CounGil
Durlng the year, the Chief Executive, tho Head of International Ministry. th& Chair and the Chair Elect were
able lo travel to South Korea for a meeting of the wider FEBC association. This was helpful lo meet partners,
learn together and for transition for the new chalr.
Stralggic outcomes
During the year, th8 Staff and board of trustees both separately and together revlewed in depth our current
strategies and approaches. We collectively agreed four agreed outcomes for the organisation and began
assessing the activities we currentty undertake and wish lo lake against these outcomes. We are commilled
to increasing our impact in our chosen outcomes.
Property
The move into tha naw rental office in a convenient, out of town, busTne55 complex in Steyning was completed.
Staff are now fully settled into the spaclous and light accommodation and enjoyin9 the peaceful location. The
offico is flexlble and there is space to accommodate more employees. In addition. there is access lo a large
room that can be used for board meetings. This has allowed increased interaction betwegn the staff team
and Trustees which has been muGh appreciated by all, as well as reducing the occasions when external
venues need lo be booked. Trustee discussions continue whether longer term we operate virtually without an
office. continue lo renl or buy again.
Fonvard plans
The Key thrust of our fO￿ard plan continues to be realistic expansion of our ministry on a sustainable basis.
Associated goals for 2025 will be to= 1. Work with FEBC International to agree how precisely we work in
Cooperation with it going forwards,. 2. Hire a Head of Communications antl Engagemenl. and a Head of
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FEBA RADIO ILIMITED BY GUARAKfEE}
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Finance and Finance Strategy. and 3. Ensuring that the Strategic Outcornes that have been clarrfied this year
are embedded and used throughout the organisation.
FINANCIAL REVIEW
Incomo and Expendlturo
Investmenl in ministry in 2023124 has been enabled by income of £1.765.682. with the lion's share corning
from individual giving. That said. trusts and churches and legacies and investment income remain very
important. Given our substantial reserves. the Trustees are Committed to this investment in securing
sustainable, future income and minislry. The trustees have approved a reserves policy and monitor
performance against this regularly. Expendrture has continued to be well controlled, and a deficit budget
approved for 2024125 to invest in increasing partnerships and an enlarged siaff team.
Reserves and Invastment Pollcy
As of 30 September 2024 th8 charity had total reserves of £4.553.244 (2023.. £4,117,581 } of which £122,001
were restricted and £4.431,243 V￿re unresln'¢ted (2023.. £33.149 and £4.084.432 respects'vely).
At the end of the financial year, the value of Feba's reserves under Rathbones, management was £1.16
mllllon. This is being judiciously invested. in alignment wrth ¢)ur investment policy, in a diverse range of low
to medium risk funds seeking a retum grealer, over time, than that achievabl8 by staying in cash. The monies
remain accessible, though it may not be prudent lo lake Ihem in the case of a falling market unless urgently
requi￿d. The desire remains to invest our r6serv6s for ministry purposes t)ut we want to come at this with the
right degree of due diligence - which takes time and effort.
Flnanclal Management Pollcle8
There is a direct relationship be￿een the ￿tiVitieS of Feba Radio in pursuing its radio and audio mlnlstry and
the conllnuing support for these activities from active supp(Yters and partners. The Trustees. policy is that
Corè exponditur• should not •xceed income received from living donors, budgeled legacies and partners.
This can be augmented by drawing from exGess reserves including accumulated restricted funds as
appllcable.
While the Trustees contlnue to beI￿ve that it is not approprlate lo hold excess reserves, we recognise that a
general reserve is wuired to provide:
worklng capltsl.
flexibility lo respond to unexpected opportunrti'as;
• a cushion against seasonal variations in income and expenditure.
contin9ency provision against unexpected costs.
In ord8r to provide for these requirements, th8 Trustees believe ihat an appropriate target for thé gener81
reserve is an amount equal to six monlhs of budgeted unrestricted expenditure, which is approximately
£1.060.000. This Is consistent with the Charity Commission's best practice guidancE.
TRUCTURE GOVERNANCE AND MANAGEMENT
Constllutlon
Feba Radio is a registered chartty, a company limited by guarantee, and Is governed by its Articles of
Association dated 10 June 2023.
Leadership, Succession and Stafflng
During the year, the Trustee5 met Six litnes for Board meeiirws. four of were conducied vittually and
two f2c& lo face. ￿1 Èxigting policies ar8 regularly raviewed and gny new poly approved. The Risk Register
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FEBA RADIO {LIMrrED BY GUARANTEE)
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
is also regularty rewewed. During one of the meetings. the Board once again took the opportunity for an
extended off-site meetino allowino for dIS￿Ssion of mofe Str21eaic matters.
The Trusteès, in line With their key accountabilities. are afvlays fo(xJsed on improvements in govemance.
Every board meeting concludes now wrth a brief review of the meeting to highlight Important decisions made
and areas where we could improve our perfornance as a board. In addition. discussions have b88n
undertaken on the composition of the board. highlighting skills and experience represented on the current
sard and any gaps so that we can target trustee recruitment.
Kate Register took over from George Gilbert as Chair of trustees on 5 June 2024. In addition, trustee
recruitment has be8n undertaken with a new treasurer agreed to take over when the current treasurer steps
down in 2025. Informal interviews also took place with several potential new trustees as part of the
commitment to continuously recruit lo ensure seamless transitions when le￿S of office ara complete and to
ensure a diverse skill and expèrience mix on the board.
Robert (Bob) Ch8mters continued in the position of Chief Execub've but nolffied the Trustees in August of his
intention to 1gav8 th8 organisalion by 31 December 2024. Trustees and senior stsff immediately began the
process of transition. interim arrangements and plans to recruit a SUC￿SSOr. An appointment of a new Chi8f
ExecutlV8 is anticipated durfng the following year, but Kevin Wren is now acting Chi8f Executive.
Two other new slaff were appointèd during the year to work on communications and engagement.
Method of appolntlng, Inductlng and tralnlng Ihe Trustees
The Trustees propose m8mb6rs al the AGM of the Assoualion for election to serve for a period of, normally,
three years. Members may. however, be re-elected for further periods provided the length of their continuous
membership of the Trustees has not exceeded nine years at the time of Ihe charity's AGM. The Trustees can
appoint members during the course of the operallng year, in whlch case th&y would be proposed at the AGM
of the Association for electSon to seNe beyond that point. Associates (members) of Feba Radio are entitled
lo propose olher Associates for election to the Board, in accordance wth the provisions of articl8 22 of th@
company. The charity inducts and trains ils Twstees including the provision of copies of cor8 documents and
conversations wilh key management personnel, in addition lo support offered by the Board Chair and other
serving Trustees. Trustees are also introduced to some of the relevant resources available from the Charity
Commission.
Key manag•m•nt personnel
The key management personnel of the charity (as listed on page 1) are in charge of dlrectlng, c￿ntrOllIng,
running and operating the charity on a day-t¢>day basis. All Trustees give of their Ilma freely and no Trustee
received any remuneration in the year. Details of Trustees. expenses and related paty transactions are
disclosed in Notes 6 15 of the financial slatements. The pay of Ihe Chief Executive and other staff is
reviewed annually, and nornally increased In accordance ￿ an assessment of inflation and average
earnings.
Rlsks
The major risks lo which Feba Radio is exposed are revlewed and managed throughout the year by the
executive team and overseen by the Trustees. A risk analysis h8$ been prepared and appropriate steps have
been taken to minimise the effect of those risks. This analysis 1$ regulady reviewed and updated by the
Trustees.
Based on this risk review, the Trustees and exeujtive team Gonsider the most relevant rlsks, and the means
by which they may be miligated. to be 88 follows..
safety and securbty of Internatlonal partneT5 and Feba staff visiting fragile contexts ImitigalioT7 includes
use of revised risk assessment for all travel, provision of specialist training for 51aff travelling lo high-
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FEBA RADIO (UMrrED BY GUARAKfEE)
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
rlsk areas, comprehensive specialist insurance cover incjuding evacuabon. growing netsvork of
intemational partnets to offer relevanl Iccal advice and support).
data security and IT system breaches (mitigat￿n includes measures to restrict access to partlculady
sensitlV8 Information, slaff training on legal requirements and practical measures
Iravellers, and contracting specialist IT supportl-
especially for
departure or incapacity of muluple staff from relab'vely small UK team {mitigation includes use of
shared clou&based systems and file storage. documented procedures for key tasks and regular
activities, cross-training to provide emergoncy cover of core functions, planned reuuitrnent of
additional capacity).
Grant maklng policy
Feba makes grants to ministry partners who have overlapping visK)n and sharèd values to our own, to further
their actlvlty,. specifically. grants are Intended to incréase the effedNeness of partners, media projects with a
focus on inspiring people lo follow Jesus Christ. Some of those grants aré to invest in the capacity and
capabilities of the partner organisations so thal Ihey are stronger. more sustainable. and better able to thrive
In thelr local context. Other grants are towards specific media projects. whether for alrtlme, equipmenl,
production or other start-up, dévelopment or running costs.
Related partl•s
Feba is an Affiliate withln the FEBC International. the worklwide association which was reshaped to enable
better partnership. coordinats.on and sharing of resources across Feba and FEBC offices. Somé of Feba UK'S
ministry is undertakèn through partners who are themselves members of the FEBC Inlerrnational Councll (IC),
and we are actively growing such as a part of our totsl work. Thls is motivated by 8 desire lo align ourselves
wherever il makes sense to do so, and as a means of seeking opportunities for the investment of reserves in
ministry. In addlllon, there are significant active partnerships wth sevgral other organisations, notably
including IBRA Media and Reach Beyond (forn￿rIY HCJB Global). Feba UK is aL80 a member of Gk)bal
Connectsons and Evangelical Aliance.
Fundralslng Stat•m•nt
In accordance with the Charities (Protection and Social Investment) Act 2016. thè following slatem8nl oulllnes
the fundraising pracbce of Feba ￿￿10.
Fundraising 18 an integral and essential part of Feba's work In the UK. whlch focuse8 on mobilislng Support
lof which prayer is also a core component) for ministy that Is delivered in other parts of the world. Feba staff
sometimes work wrth speclalisl external fvndraising consultants on certain pièces of work. The majority of
effort and resource is invested in printed materials. the website, some social media and ernail. 8ttendanc8 at
Christian events, and church visits. Feba does not make 'coid ¢alls' for fvndraising purposes, nor do we
undertake any neighbourhood fundraising. Contact details are nol sotd or shared with third partiès (other than
for operational reasons or if requlred lo do so by law). and we do not buy contact lists.
Feba Radlo Is registered wrth the Fundraislng Regulator and ￿1hereS to their Code of Fundralsing Pr8Ctlce.
In this reporting period, there were complaints received aboui Faba's fundraising prath'ce. Feba does not
engage in persistent or intrusive fundraising pra¢ti¢o8 with any of our supporters. Whenever supporters
(including vulnerable people or people acting on their behalfj request that Feba cease communication. we act
on their wishes promptly.
TRUSTEE RESPONSIBILftlES
The Trustees (who are also Ihe Directors of Feba Radio for the purposes of company law) are responsibla for
preparing the Trustees, Report (incorporating the Directors, report) and the financial slalemenls in accordance
with applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102=
The Financial Rgporting Slandard applicable in the UK and Republic of Ireland {Unrted Kingdom Generally
Accepted Accountlng Praclice)-
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TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Company law requires the Trusteès to prepare financial statements for èach financi21 year which give 2 true
and fair viow of the state of affairs of thÈ ch2rit2blo comp2ny 2nd of the income and expenditure, of the
charitable company for that period. In preparing these ffinancial statements. the Trustees are required to..
select suitable accounting policie8 and apply them consistentty-
observe the methods and principles in the Charities SORP:
make judgments and estimates that are reasonab￿ and prudent.,
stale whether applicable UK Accounting Standards have been followed. subject to any material
departures disclos8d and explained in the finanoal statements..
prèpare the financial statements on the going concem basis unless il is inappropriate lo presume Ihat
the charitsble company will continue in buslness.
Th6 Trustees are responsibl8 for mAintaining prO￿r accounting records which discbse with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that the
financial statements Gomply with the Companies Act 2006. They are also resF)onsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
In so far as the Trustees are aware..
there is no relevant audit infomation of vh)ich the charitable companvs auditors are unaware; and
the Trustees have tsken all steps that they ought to have laken to make themselves aware of any
relevant audrt information and to establish that the auditors are aware of that information.
Conclu8lon
The report h89 been prepared in accordance with the SF)ecial provisions relating to sm811 companies within
Part 15 01 the Companies Act 2006.
Thi8 report wa8 approved by the Trustees on 5 December 2024 and 18 &gned on their bèhalf by."
Catherlne Roglster
Chair of Trustees
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FEBA RADIO (UMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FEBA RADIO
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Opinlon
We have audited the financlal statemenls of FEBA Radio (the 'charitV) for the year ended 30 September 2024
which comprise lh8 Statemenl of Financial Activities, the Balano Sheet, Ihe Slatemenl of Cash Flows and
the notes to the financial ststements, induding a summary of sKJnificant accounting policies. The financial
reporting Iramewod( Ihal has been applied In their preparotion is appllcable law and Unlted Klngdom
Accounting Stsndards, Including Financlal ReportirvJ Standard 102 The Financial Reporting Standard
appliGable in the UK end Republic of Ireland (Untled lQngdom Ge￿rallY Accepted Accounting PractiC81.
In our oplnlon the financial stalements-
give a true and fair view of the slate of the charitable companvs affairs as at 30 September 2024 and
of its incoming resources and applution of resources for the year then ended.
hav8 bèen properly prepared in accordance with United Kingdom Generally Accepted ACCOUn￿ng
Practice.. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with Intemalional Stsndards on Auditlng {UK) {ISAs {UK}) and
applicable law. Our responsibilities under those stsndards arè fvrlher described in the Audltorfs
responsibilitiés for the audit of the financial statements section of our report. We are Indèpend@nt of the
charitable company in accordance wth the ethical requiremenls that are relevant lo our audit of the financial
statements in th8 UK. induding Ihe FRC'S Ethical Stsndard, and we have fulfilled our other elhlcal
responsibilities In accordance with those rw]ulremenls. We believe Ihat the audit evid8n¢e we have obtained
is sufficient and appropriat8 lo provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financlal statements. we have conduded that the truste8s' use of the going concern b89is of
8ceounting in the preparation of the financial statements is appropriaio.
Based on the work we have perfomed, we have not identffied any material uncertainties relatlng to events or
conditions that. individually or collectively, m8y C8St significant doubt on the Charity's ability to continue as a
going concern for a period of at16ast 12 months from when the financial slatements ar8 authorised for issue.
Our responsibilities and the responsibillties of the trustees wth respect to going concem are described In the
relèvant sections of thls rewrt.
Other Infomiatlon
The other infomallon comprlses the informthon Included in the annual report, other than the financlal
statements and our auditor's report thereon. The tnjstees are responsible for the other informatlon. Our
opinion on the financial statements does not cover the other inforMat￿n and, excepi to the extent othernise
explicitly slated in our report. we do not express any fom of assurance conclusion thereon.
In connection wth our audit of the financial statements. our responsibility is to read lh8 other information and,
in doing so. consider whether the other inf0rn18tts)n is materially inconsistent wilh the finaricial statements or
our knowledge obtained in the audit or otherwisè appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements. we are required to delennine whether there is
a material rnisslatemenl in the financial statemonts ￿ a material fflisstalement of the other information. If.
based on the work we have perfomied. we ccnclude that there is a malerial misstalement of Ihis other
information, we are required to report that fact.
We have riothing to report in this regard.
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FEBA RADIO ILIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FEBA RADIO
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Oplnions on other matters prescribed by the Companles Act 2006
In our opinion. based on the wotk undertaken in the cA)urse of our audit..
the Infomiation 9iven in the Trustèes, Rewrt which includes the directors, report prepared for the
purposes of company law. for the financlal year for whlch Ihe financial siatemenls are prepared Is
consistent with the financial stalements: and
the directors, report included within the Truslees. Report has been prepared in accordance with
applicable18gal requirements.
Mattgrs on whlch we aro required to report by exceptlon
In the light of tho knowledge and understanding of the charity and its envlronmenl oblained In the cours8 of
the audit, we have not idenlified material misstatements in the directors, report included with the trustees.
report.
We have nothing to report In respect of the followSng matters In relation to which th8 Companies Act 2006
requires u8 to report to you if, in our opinion..
ad8quat8 accounllng records have not been kepl, or retums adequate for our audit have nol been
récèived from branches not visited by us; or
the financial $lalements are not in agreement with the accounb'ng records and returns; or
certain disclosures of trustees, remuneration specrfied by law are not madè., or
we hav8 not received all the infomation and explanation$ w• roquirè for our audit.. or
the Iru5tees were not entitled to prepare ihe flnancial statements in accordance with the small
companies r6glma and take advantage of the small companles exemptlons In preparlng the trustees.
report and from th• r8quirem8nt to prepare a strategic repo
Responslbilrtles of Irustees
As explained more fully in the Iruslees, responsibifities statement, the trustees, (who are also the directors of
the charitable company for the purposes of company law} are responsible for the preparatlon of the financlal
statements and for being satisfied that Ihey give a true and f8ir view, and for such intemal control as the
trustees determine is necessary to enable tho p￿parat￿n of financial ststements that a￿ free from malerial
misslaternenl, whether due lo fraud or error.
In preparing the financial statem8nls. the trustees are r&sponsible for assessing the charity's ability to Continue
a$ a going concern, disclosing. as applicable. matters related to going concem and using the going concern
basis ol accounting unless the trustees either intend to liquidate the wmpany or to cease operations. or have
no r8alistic all8rnatlV8 but to do so.
Audltor'¥ responslbllltles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the fin8nci81 statements as 8 whole are
free from materlal mBststement. whether due lo fraud or error. and lo issue an audiiorfs report that indudes
our opinion. Reasonable assurance is a hvJh level of assurance, but is nol a guarantee that an audit conducted
In accordance with ISAS (UK) will always delect a materi81 misstatement when it exists. Misst8t&ments can
arise from fraud or error and are considered material rf, indivKlually or in the aggregate. they could reasonably
bé expected to influence Ihe economic deusions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
Ba8Ad nn oijr undAr8tandin9 of the charity, id¥JntifiAd thAt tha prinripal nnn-CCJmpliAnce with laws
and regulations related to company, employment and financial reporb.ng legislation and we considered the
extent to which nonwcomptiance might have a material effect on the financial statements. We also considered
Ihose laws and regulations that have a direct impact on the preparation of the financial slatements such as
the Companies Act 2006 and Charities Act 2011.
Page 10

FEBA RADIO ILIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING THE INCOME AND EXPENOITURE ACCOUNT)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Unr•strl¢tsd Regtrict•d
Funds
Fund$
2024
Unrostrlctod Restrlcted
Funds
Funds
2023
Totsl
Total
Income from
Donation8
Legacies
Inveslmenls- interèst
Inv8Stments- diwdeThJs
Other sources
Sundry inGome
Surplus on disposal
Total In¢om•
837.445
549.137
91.818
21.724
263.467 1,100.912
549.137
91.818
21,724
793.240
634.259
35,160
17.323
235.384 1,028,624
634.259
35,160
17,323
2.C81
2.091
614
339.564
614
339,564
1,502.215
263,467 1,765.682
1,820,160
235.384 2,055,544
Exp•ndltur• on
Raising funds
Charltable activilb68
Partner Medi8 Pr¢¥ecls
Partnership Team Costs
231.337
231.337
190.837
190.837
910.889
121,525
174.615 1.085.504
121,525
702.783
144.057
338,844 1.041,627
144,057
Total •xp•ndltur•
1,263.751
174,615 1.438.360
1.037.677
338,844 1,376,521
Net gaSn&liosse81 on
Inve8trnents
108,347
108.347
(21,3411
{21,341)
Net Incom•ll•xp•ndlturo)
346.811
88,852
435.663
761,142
{103,460)
657,882
Transfers bolw•en funds
N•t mov•m•nt In fundi
346,811
88.852
435.663
761,142
1103.4601
657,682
Rèconclllatlon of fund•
Fund$ l)roughl forward
4.084,432
33.149 4.117.581
3,323.290
136,609 3.459,899
Funds carrl•d forward
4,431.243
122.￿)1 4,553.244
4.084,432
33,149 4.117,581
The notes on pages 15 10 21 form part of these financial ststements
Page 12

FEBA RADIO (LIMITED BY GUARApifEE)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FEBA RADIO
FOR THE YEAR ENDED 30 SEPTEMBER 2024
We assessed the susceptibility of th8 company's financial statemenls to material misstatement. including
obtaining an understanding of how fraud might ¢xcur, by making enquiries of management, considering the
intemal controls in place and discussion amongst the engagement team. We determined that the principal
risks were related to re￿gnItI1)n of legacy income. management ove￿Ide of controls and payments to third
parties.
In response to the risks identified we designed procedures ￿1¢h induded but were nol limited to.. identifying
and testing journal entries, reviewing Trustees meets'ng minutes, reviewin9 ￿98¢Y correspondence. evaluating
the charity's internal controls and verlfying paymonts to third partj'es on a sampl& basis.
There are Inherènt limitations In the audit WOC8dures described above. The more removed that laws and
regulations are from financial transactions, Ihe less likety it is Ihat we would become aware of non-complianc6.
Material misstatemenls that arise due to fraud can be harder to detect than those that arise from error as th8y
may involve delib8rale ￿ncealment or collusion.
A further description of our responsibilities for ihe audit of the financial statements is located on the Flnanclal
Reporting Council's website at.. http'.Ilwww.frc.org.uklaudilorsresponsibilities. This description forms part of
our audltor's report.
Use of our roport
This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken
so that we might stale lo the charitable companys members those matters we are required to slate lo them
in an auditors, report and for no other purpose. To the fullest extent pemitted by law, we do not accept or
assume responsibility to anyone other than the charitable company and its members as a body. for our audil
work, for this report, or for the opinions we have formed.
Rlchard Haffenden MAICantab} FCA
for and on behalf of JoGob Cov¢nogh & Skwt
8talutory Auditor
Chartored Accountants
5 Robin Hood Lane
Sutton
Surrey
SMI 2SW
Oated.. 51h December 2024
Page 11

FEBA RADIO (LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT}
FOR THE YB4R ENDED 30 SEPTEMBER 2024
2024
2023
Notes
Flxed a$8*ts
Tangible fixed assets
Investments
731
1,043,078
1.161.545
1,161,545
Current assets
D8btors
Cash at bank and in hand
1.043,809
471,633
3.051,767
619,833
2,560,529
3.523.400
3.180,362
Credltors.. Amounts falling due
within one year
10
(131,701)
{106,5901
Net ¢urr•nt asset•
3,391,699
3,073,772
N•t a886t8
4,553.244
4,117,581
Represented by
Restricted funds
Unrestricted funds
Ggnoral Reserve
12
122,001
33,149
12
4.431,243
4,084,432
Total fund8
4,553,244
4,117,581
The financial statements were p￿pared in accordance wth the special provisi¢xs rélating to small
comp8nies within Part 15 of the Companies Act 2006 and were approved by th8 Board of Twstees on 7
December 2024 and signed on their behalf..
Catherlne Reglster
Chair of Trustees
Company number: 00940492
The notes on pages 15 to 21 fonn part of these financlal statements
Page 13

FEBA RADIO (LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING THE INCOME AND EXPENDITURE ACCOUNT}
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2024
2023
Cash provlded by operatlng activities
387,816
42,499
Cash flows provldèd byl(used In) Invesllng
activities
Interest and dividends received
Proceeds on fixed asset disposals
Payments for fix8d assel investments
Proceeds on fixed as88t investments
113,542
52,483
581.142
{1.155.926)
145,329
(376.588)
366.468
Cash provided by1{u•￿) in investing a¢tivill
103,422
1376,9721
Net cash Inflowl{ouffiow)
491,238
1334,473)
Cash and cash equivalents al start of y8ar
2,560,529
2,895,002
Cash and cash equlvalents at end of year
3,051,767
2,560,529
11) Cash flows from operatlng actlvltles
2024
2023
Net income for the yèar
435,663
657,682
nteresl and dividends included in investiro activities
Depreciation
Gain on dlsposal ol flxed assets
Net (gainsylosses on investments
Decréasellincreasel in debtors
Increase in ¢reditors
(113,542}
731
{52,4831
3,317
(339,5641
21,341
{294,7711
46,977
(108.347}
148,200
25,111
Cash provlded by operatlng actlvltlès
387,816
42,499
The notes on pages 15 to 21 fomi part of these financial statements
Page 14

FEBA RADIO (LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)
ACCOUNTING POLICIES
F8ba Radio is a private company limited by guarantee incx)rp)rated in England and Wales. The
registered office is 5 Rokn'n Hood Lane, Sutton, Surrey SM12SW.
Basls of accountlng
These finanaal statements have been wepared in accordance wrth the charity's governing
document, Ihe Charities Act 2011, the Companies Act 2006. FRS 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland" ("FRS 102-). and the Chadtles SORP
'Accounting and Reporting by Charitses.. Statement of Recommended Practice for charities
applying FRS 102".The charity is a Public Benefit Enlty as defined by FRS 102.
The financial stslements are prepared in slerling. which is the functional curr8ncy of the company.
Monetary amounts In these financial statements are rourKled to the nearest £.
The financial Statements have been prepared on the hlslorical wst convention, modified to
include certain financial instruments at fair valu8. The principal accounting policies adopted are
set out below.
1.2 Golng ¢onG•rn
At the lime of approving the financial ststements, the Trustees have a reasonable expectalion
that the company has adequate resources to continue in operational existence for thè foreseeable
future. Thus the Trustees contsnue to adopt the going o)ncem basis of accounting in preparing
the financial slatements.
1.3 Incom•
Voluntary income and donations (Including legacies) are acLounted for once the charity has
en11118mènl to the Income, It is probable the income will bo rec8iv8d and th8 amount of income
receivable can be reliably measured. Where material assets are donated to the company for ils
use, these are capitalised at tho eslimated markel value at the date of the glft and included under
Income.
1.4 Expendlturo
Expenditure is accrued as scon as a Ilabilty Is considered probable. discounted lo present value
for longer term liabiltties. Raising fvnds and chantable expenditure includo all support costs in
respect of the company's activities, alkxated ¢)n th8 basis of staff tlme.
Grants payable
Grants payablé are included in the statement of financial actNities when approved by the
Trustees. and agreed wilh the recipient organisation. The value of such grants unpaid al the year
end is accrued. Grants where the beneficiary has not been infonned or has lo meet certain
conditions before the grant is released are not accrued but are not9d as financial cA)mmitments.
Govemance costs
Th1$ romprlses eXp9t￿llure on compliance wtth ststutory logal requlrement$ and is included in
charitable activities.
1.5 Flxed assets and depreciatlon
Purchases of fixed assets costing less than £S.000 are wrFtten off. Depreciation is provided on all
tangible fixed assets at rates ¢al¢ulaled to write off the cosl less estimated ￿sIdUal value, of each
asset over its expected useful lrfe. as folbws:
Fumittsre and ￿ing5
IT equipment and sofhyare
10% straight lin8
25Vo straight line
Page 15

FEBA RADIO (LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)
ACCOUNTING POLICIES (continued)
1.6 Inveslmonts
Listed investments are shown at thoir mid-market value at the date of the financial slalements.
Realised and unrealised gains and k)sses in invostrnents are account8d for in the SOFA as a
component of net income or expenditure.
1.7 Debtors
Legacies, lax recoverable on donations and other debtors are Included at the settlement amount
due. Prepayments are valued at the amount prepaid.
1.8 Cash and cash equlvalents
Cash at bank and in hand includes cash and short tem highly liquid investments with a short
maturity of three months or less from Ihe date of opening of the deposit.
1.9 Credltors and provlslons
Creditors and provisions are recognised where the charity has a present obligation arising from a
Past event that will probably result in the transfer of funds io 8 third party and the amount due to
set118 th8 obligation can be measured or estimated rellabty. Creditors and provlsions are
recognis&d at their settlement amount.
1.10 Flnan¢lal Instrumonts
The charity only has financial assels and liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments a￿ initially ￿Cognised 8t transaction value and
subsequ8ntly m6a$urod at their settlement value.
1.11 Forglgn currnncl&g
Transactions in foreign currencies are recorded at the rate ruling the date of the transaction 811
dlfferences are taken lo the SOFA. Monetsry assets and liabilities in foreign currencies are
tr8nslated at the rate of exchange ruling at the balance sheet date. Tfansacllons of forelgn
balances are d&aft with through the general fund.
1.12 Operatlng lease commltments
Rentals paid under operating leasès are charged to the Statement of Financial Actlvities on a
straight line basis over the lease tem.
1.13 Penslons
Contributions charged to the SOFA represent tho arn￿nt of Contributions payable to the scheme
in the acGounling period.
1.14 Fund ac¢ountlng
Funds held by the charity are..
Unrestricted general funds
these are funds Nthich can b8 Used In accordance With th8
charitable objects at the discretion of the Trustees.
Restricted funds - these a￿ fvnds that can only be used for the par￿cUlar restricted purpose
wrthin the object of the charty. Restridions arise vthen specffied by the donor or when the
funds are raised for particular restricted purpose.
Further explanab.ons of the nature and purws8 Ot eath fvnd are includ8d in the notes to financial
ststements.
Page 16

FEBA RADIO {LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024 {conlinued
EXPENDITURE ON RAISING FUNDS
2024
2023
Salaries and pension$
Publicity
Investment Management
Alocated Support costs (note 4)
25,911
83,920
11,210
110,296
231,337
23,219
73.876
6,410
87,332
190,837
The method used for calculats.ng Feba's 'Expendrture on raising funds, includes expenditurè directly
related lo generatin9 inGome from voluntary donations. More speclflcally, it includes the followlng..
appeal mailings, attendance at exhibitions and events for the purpose of promotion., 50 /0 of website
costs., and 50Q/o of salarylconsultancy costs for rol8s serving Feba's supporters. The calculation does
not include (for éxample) the cost of Feba's magazine, prayer resources, or the database used for
holding supportor contact details.
A portion of Feba UK'S central administration eosts is induded in the expenditure on raising funds.
3 EXPENDITURE ON CHARrrABLE ACTIVITIES
Dlr•et
•xpenu•
Grants
Inote 14)
Allocated
Support
Costs (noto 4)
2024
Totsl
2023
Total
Partner Media Projects
Partnershlp Team Costs
16,255
85,909
102,164
751.113
318,136 1,085,504 1,041,627
35.616
121.525
144,057
353.752 1,207,029 1.185,684
751.113
4 SUPPORT COSTS
Governance
Staff
Other Hoad
Offlco
2024
Total
2023
Total
Fundraising
Partner Media Projects
Partnership Team Costs
5.281
15.231
1.705
22.217
37.272
107,507
12,036
156,815
67.743
195,398
21.875
285.016
110,296
318,136
35,616
464,048
87,332
276,555
38,875
402,762
Support costs have been allocate(l on the basis of the expenditure incurred in each area of activity.
GOVERNANCE COSTS
2024
2023
Affiliations
Auditors remuneration for audit services
Auditors remuneration for other services
Board expenses
4,464
8,880
4,889
3.984
22,217
3.794
8,280
4,158
6,012
22,244
Page 17

FEBA RADIO (LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024 {continu8d
6 STAFF COSTS
2024
2023
Wages and salari8$
Social security costs
Employer pension costs
247.716
21,297
32,906
301,919
255,513
20.529
20,427
296,469
One employee {2023.' One) eamed beknn £60,IYIO and £70,000 per annum.
Employee beneffts received by Key M8na9ement Personnel as listed on page 1 amounted to
£140,07012023.' £131,491).
Avorage numbor of omployo08 durlng th• year
Partnership Team
Support
2024 2023
Trustees, emoluments
No remuneration was paid to Injstees nor any persons connected with them during the year {2023: £nill.
Expenses of £1,98412023'. £300) wore roimbursed to 312023.. 1) trustees durlng the yaar for trav81 to
meetings.
7 TANGIBLE FIXED ASSETS
Furnlturn.
oqulpmont
Cost
Al 1 October 2023
Additions
Oisposals
13,268
At 30 September 2024
13,268
Depreclatlon
At 1 OGtober 2023
Charge for the year
Released on dlsposal
12.537
731
At 30 September 2024
13,268
Nét book value
At 30 September 2024
At 30 September 2023
731
Page 18

FEBA RADIO (LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued}
8 INVESTMENTS
sted investments on the UK Slock Exchange."
2024
2023
Valuatlon
At 1 October 2023
Additions
Disposals
Change in market value
1,043,078
53,822
376,588 1,155,926
1349,367) 1153,907)
91,246
112,763)
At 30 September 2024
1,161.545 1,043.078
9 DEBTORS
2024
2023
Gift Aid recoverable
Sundry debtors
Legacies receivable
7,223
40,675
423,735
471.633
6,003
25,533
588,297
619,833
10 CREDITORS: AMOUNTS FALLING DUE W￿H1N ONE YEAR
2024
2023
Other credltors
Accruals and défèrred income
83,127
48,574
131,701
61,781
44,809
106,590
11 PENSION CONTRIBUTIONS
The Gharity operates two pension schemes=
A defined contribution pension scheme where the assets of the scheme are held separately from those
of the charity in an independently administered fund. The pension cost charge represents contributions
payable by the charity to the fund and amounted to £18,906 (2023.. £20,427}. There were no contributions
outstanding at the year-end In relatlon to thls scheme. Benel¢ls are accruing for 6 (2023-. 71 members of
staff at the end of the year.
One member of staff is a member of a multiwemployar defined benefit scheme, whare the assets of the
scheme are held separately from those of the charity in an independently administered fund. The charity
has incurred an annual charge of £12 to fund the benefits accruing in the scheme during the year.
Following a decision to withdraw from the scheme. the charity will incur a closing charge eslimaled to be
£14,000, which has been re¢ognised in these financial ststements.
Page 19

FEBA RADIO (LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024 {continued)
12 FUNDS
2024
Brought
fonvard
Income
Expendlture
Transfer
Carried
forward
Reslricted funds
Specific projects
33,149
263,467
1174.615}
122,001
Unro$trl¢ted funds
General reserve
Total funds
4,084,432 1,610,562
4,117,581 1,874.029
(1,263,751)
{1,438,3661
4,431,243
4.553,244
2023
Expenditure
Brought
forward
Income
Transfer
Carrled
forward
Rgstrict9d funds
Specific projects
136,609
235,384
1338,8441
33,149
Unrestrlcted funds
General reseNe
Totsl fun(ts
3,323,290 1.798.819
3,459,899 2.034,203
(1,037,677)
{1,376,5211
4,084,432
4,117,581
The funds are used for the following purposes..
Restricted funds..
Funds to be used for various specffic ministry projects, as designated in the original requesl for funds
li.&. fundraising appeal) or as requested by the donor.
13 ANALYSIS OF NET ASSETS
2024
Creditors: due
within one year
Fixed
assets
Current
assets
Tolal
Unrestricted
Restricted
1.161.545
3,401.399
122,001
3,523,400
(131,7011 4.431,243
122,001
{131,7011 4,553,244
1,161.545
2023
Creditors: due
within one year
Fixed
assets
Current
assets
Total
Unrestricted
Rèstrictéd
1,043,809
3,147,213
33.149
3,180,362
{106,5901 4,084,432
33,149
{106,5901 4,117.581
1.043,809
Page 20

FEBA RADIO {LIMrrED BY GUARApifEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)
14 GRANTS
2024
2023
IBRA SwedenlPingst
FEBC USA
Feba India
Alraj
FEBA Pakistan
SIM Ethiopia
Radio Wimb8 Association
Ruah Group
FEBC Ukraine
Tahanint N'massinag
Radio Vida
Other grants < £20,000
236,547
110.969
89.324
67.707
50,417
28,160
21,598
39.446
237,571
90,820
68,233
61,340
27.110
28.044
37,992
11
8.750
32,445
20,000
40,699
20,000
57,147
742,956
65,750
751,113
The above granls can be for rnultlple dlfferenl projects.
15 OBLIGATIONS UNDER OPERATING LEASES
The total future minimum lease paym8nts under nonvcancellable operating leases ar8 payable:
2024
2023
Within one y8ar
Within two lo five years
34.080
154.435
188,515
Lease payments of £22,60712023.' £nill were recogni8ad as an expense in the year
16 RELATED PARTY TRANSACTIONS
Olh&r than those set out in nole 6 relating to trustees. expenses, there were no further related party
Iransaclions during Ihe year {2023.' none).
Page 21