| lndependentAudito/sReport | 24 |
|---|---|
| StatementofFinancialActivities foryearended3l'tDecember | 2023..28 |
| BalanceSheetat31't December 2023 | 29 |
| StatementofCashflowsforyearended 31't December2023 | 31 |
| Notesto theFinancialStatements | 32 |
| (lncorporatingan lncom | e and E | xpenditure | A | ccount) | ||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| Unrestricted | Designated | ReSricted | Total | Unrestricted Restricted |
Total | |||
| funds | funds | funds | Funds | funds funds |
Funds | |||
| Notes | € | Ê | € | â | r. € |
Ê | ||
| lncornefrom Donationsandlegacies |
3 | 2,211,019 | 7 | 1,1gz,4ol | 3,993,426 | 1,828,5661,200,279 | 3,028,845 | |
| Gharitableactivities LiteratureandEvents |
7 | 27,96s | _7 | 527 | 28,492 | 22,534 283 |
22,817 | |
| lnterest receivable | 7 | 28,194 | 28,194 | '18,460 | 18,460 | |||
| Other | 7 | 11,270 | 11,270 | 14,378 | 14,378 | |||
| Totalincome | 2,278,48 | 't,182,9U | 3,461,382 | 1,883,9381,200,562 | 3,084,500 | |||
| Expenditure on | ||||||||
| Costsofraisingfunds Fundraising |
4 | 290,089 | 25,171315,260 | 252,52829,391281,919 | ||||
| Gharitableactivities | 4 | |||||||
| ProvidingthemtheTOOLS | 635,493 | 1,265,471 | 1,900,964 | 518,779 1,434,319 |
1,953,098 | |||
| Raising their VOICE | 1,305,890 | 169,297 | 13,998 | 1,489, 185 | I ,010,950 24,114 |
1,035,064 | ||
| Totalexpenditure | 2,231,472169,2971,304,æ0 | 3,705,409 | 1,782,2571,487,824 | 3,270,08',1 | ||||
| Netincome/(expenditure) | 46,976 | (169,297) (121,706) | (244,027) | 101,682(287,263) | (185,581) | |||
| Transfers | 177,801(177,801) | |||||||
| Net income/(expenditure) aftertransfers |
46,976 | (169,297)(121,7061 | (24ø,,0271 | 279,483(465,064) | (18s,581) | |||
| Totalfundsbroughtforuvard at1January2023 |
16&17 684,366500,126539,443 | 1,723,935 | 1,222,684686,830 | 1,909,514 | ||||
| Total fundscarried | ||||||||
| forwardat31December | 16&17 731,U2 | 330,829417,737 | 1,479,908 | '1,502,167221,766 | 1,723,9U | |||
| 2023 |
| ForReleaselnternational-CompanyNumber0 | 1506576 | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Notes | Ê | Ê | â | € | ||
| Fixed assets | ||||||
| Tangibleassets | 11 | 242,Q20 | 250,865 | |||
| lntangibleAssets | 11 | 1,044 | 2,100 | |||
| Gurrent assets | ||||||
| lnvestmentsheldforresale | 20 | 675,000 | 4,876 | |||
| Debtors | 12 | 7 | 93,604 | 105,620 | ||
| Shortterminvestments | 357,225 | 397,996 | ||||
| Cashatbankandin hand | 7 | 540,501 | 1,055,096 | |||
| 1,666,330 | 1,563,588 | |||||
| Creditors-Amounts fallingdue within one year |
13 | (209,484| | (e2,61e) | |||
| Netcurrentassets | 1,456,846 | 1,470,969 | ||||
| Greditors-Amountsfalling duein | 14 | |||||
| over one year | (220,000) | |||||
| Total assets lesscurrent liabilities | 1,479,910 | 1,723,934 | ||||
| Reserves | ||||||
| Unrestricted funds | ||||||
| GeneralFund | 16 | 731,345 | 684,366 | |||
| Designated Funds | 16 | 330,828 | 500,125 | |||
| Restrictedfunds | 17 | 417,737 | 539,443 | |||
| Totalfunds | 1,479,910 | 1,723,934 |
| GashflowStatementforyear ended3lst | Dece | mber2023 | |
|---|---|---|---|
| 2023 | 2022 | ||
| € | â | ||
| Notes | |||
| Net cash(usedin)/generatedbyoperatingactivities | (583,560) | (215'157) | |
| CashflowsfromInvestingActivities Purchase ofpropertyplantand equipment |
(5,265) | ||
| Purchase ofintangiblefixedassets lnterest received |
28 194 | 18,460 | |
| Net cashgenerated by/(used in)investing activities | 28,194 | 13,195 | |
| Net (decrease)/increasein cash | 10 | (555,366) | (201,962) |
| Cash at the beginningoftheYear | 1,453,092 | 1,655,054 | |
| Cash at the endoftheYear | 897,726 | 1,453,092 |
| Reconciliation of netmovementin | fundstonetca | shflow fr |
|---|---|---|
| 2023 | 2022 | |
| Ê | E | |
| Netlncome /(ExPenditure) | (244,027) | (185,580) |
| Adjustedfor | ||
| Depreciation charge | 8,845 | 11,586 |
| Amortisationcharge | 1,056 | 2,050 |
| Receiptofgiftofinwstmentfor resale | (675,000) | (4,875) |
| Saleofinwstments | 4,878 | |
| lnterest fromdePosits | (28,194) | (18,460) |
| (lncrease)/decreasein debtors | 12,017 | (32,655) |
| lncrease/(decrease)in creditors Netcash usedin operatingactivities |
(583,560) 336,865 |
(215,157) 12,778 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unreslricted | Restricted | Total | Unresfricted | ReSricted | Total | ||||
| funds | funds | funds | funds | funds | funds | ||||
| Ê | Ê | â | I | Ê | Ê | ||||
| lndividuals | 1,843,681 | 661,037 | 2,504,718 | 1,407,981 | 581,2461,989,227 | ||||
| Churches& othergroups |
7 | 7 282,337 |
115,112 | 397,449 | 132,082 | 130,075262,157 | |||
| Trusts | 7 | 7 37,597 |
12,701 | 50,298 | 30,802 | 18,991 | 49,793 | ||
| ICA partner ministries |
7 | 393,559 | 393,559 | 469,967 | 469,967 | ||||
| 7 | |||||||||
| Legacies | 47,402 | 47,402 | 257,701 | 257,701 | |||||
| 2,211,0181,182,408 | 3,393,426 | 1,828,5661,200,2793,028,845 |
| 4.Expenditure | |||||
|---|---|---|---|---|---|
| 2023 | |||||
| Grants | DirectcostsSupportcosús | Total | |||
| € | †| Ê | |||
| (see note5) | (see note6) | (see note7) | |||
| Costsofraisingfunds Fundraising |
7 | 29o,OB9F25,171 | 315,260 |
||
| Charitableactivities | |||||
| ProvidingthemtheTOOLS | 1,164,763 | 631,899 | 104,301 | 1,900,963 | |
| Raising their VOICE | 1,133,584 | 186,305 | 1,319,889 | ||
| 1,164,763 | 2,055,572315,777 | 3,536,112 |
| The aboreexpenditure excludes | exceptionalrepairc | ostson ourpr | emisesatPriory Bui | ldings,Orpi |
|---|---|---|---|---|
| 2022 | ||||
| Costsofraisingfunds Fundraising |
Grants € (see note5) |
Directcosts Ê (see note6) |
Supportcosts Ê (see note7) |
Total Ê |
| Charitableactivities | - | 245,288 36,631 | 281,919 |
|
| ProvidingthemtheTOOLS | 1,420,508 | 423,855 | 108,735 | 1,953,098 |
| Raising their VOICE | 888,419 | 146,645 | 1,035,064 | |
| 1,420,508 | 1,557.562292,011 | 3,270,081 |
| A. ReslrictedFunds | |||||
|---|---|---|---|---|---|
| No. | Ê | No. | Ê | ||
| CentralAsia | t6 | 68,462 | 10 | 66,426 | |
| Middle East/Gulf | 26 | 273,748 | 34 | 318,483 | |
| North East Africa | t6 | 423,461 | 22 | 409,450 | |
| WestAfrica | 18 | 154,786 | 27 | 151,768 | |
| South Asia | 43 | 139,898 | 118 | 258,675 | |
| South EastAsia | t2 | 91,240 | 19 | 144,763 | |
| Other | L3 | 13,169 | 13 | 70,943 | |
| 144 | 1,164,763 | 243 | 1,420,508 | ||
| B.Unrestr¡ctedFunds | |||||
| CentralAsia | 5 | 37,475 | 3 | 8,000 | |
| Middle East/Gulf | 1 | 26,54L | |||
| North East Aftica | L | 10,000 | |||
| South Asia | 6 | 3L,526 | |||
| South East Asia | 1 | &003 | |||
| Other | t | 67,742 | 1 | 56,339 | |
| t4 | 154,746 | 5 | 90,880 | ||
| TotalGrantpayments | 158 | 1,319509 | 2ß | 1,511,388 |
| 6. DirectCosts |
||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| *Seenote8 | Staffcos{s*Othercosts ÊÊ |
Totalcosts Ê |
Staffcosts*Othercosts ۉ |
Totalcosfs t |
||
| Costsofraising funds Fundraising |
t | 121,1641sl,g2s29o,oa9 |
117,316 | 127,972245,288 | ||
| Gharitableactivities | ||||||
| ProvidingthemtheTOOLS | 273,743 358,'156 |
631,899 | 244,774 | 179,081 | 423,855 | |
| Raisingtheir VOICE | 630,368 503,215 7 |
1 ,133,583 | 564,182 | 324,237 | 888,419 | |
| 1,035,8751,019,6962,055,571 | 926,272 | 631,2901,557,562 |
| 7. SupportCosts |
|||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| *See note8 | Staffcosts*Othercosts Ês |
Totalcosts Ê |
Staffcosts*Othercosts EÊ |
Totalcosts Ê |
|||
| Costsofraising funds | |||||||
| Fundraising | 30,414 10,441 | 40,855 |
28,986 | 7,645 | 36,631 | ||
| Charitableactivities | |||||||
| ProvidingthemtheTOOLS | 76,774 26,356 |
103,130 | 68,797 | 18,145 | 86,943 | ||
| Raising their VOICE | 136,844 46,977 |
183,821 | 116,039 | 30,606 | 146,645 | ||
| 244,032 83,773 | 327,805 | 213,823 56,396 | 270,219 |
| 8. StaffCosts |
||||||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| Notes | Ê | Ê | ||||||
| Wagesandsalaries | 7 | 1,057,057 | 942,604 | |||||
| Social security costs | 7 | 106,644 | 94,255 | |||||
| Pension costs | 7 | 105,022 | 93,810 | |||||
| 7 | ||||||||
| GroupLifepolicy | 11,185 | 9,425 | ||||||
| 1,279,908 | 1,140,094 | |||||||
| Total splitasfollows: | 2023 | 2022 | ||||||
| Direct | Support | Totalstaff cosús |
Direct | Support | Totalstaff costs |
|||
| (note6) | (note7) | (note 6) | (note7) | |||||
| Gostsof raising funds | 7 | 1g1,764v30,414 | 162,178 | 117,316 | 28,986 | 146,302 | ||
| Gharitable activities | ||||||||
| 7 | 7 | |||||||
| Providingthem theTOOLS | 273,743 | 76,774 | 350,517 | 244,774 | 68,797 | 313,571 | ||
| RaisingtheirVOICE | 7 | 630,368 | 136,844 | 767,212 | 564,182 | 116,039 | 680,221 | |
| 1,035,875244,032 | 1,279,908 | 926,271 | 213,8231,140,094 |
| The average number of employeeswas: | 2023 | 2022 |
|---|---|---|
| [Vhnagement | 5 | 5 |
| Administration andsupport | 5 | 6 |
| Overseasproject management andUK | 21 | 18 |
| information and education | ||
| 31 | 29 |
| 9 | Net lncome/Expenditure | for theYear | |||
|---|---|---|---|---|---|
| Thenet income/ expenditure for theyearisstated aftercharging: | |||||
| 2023 | 2022 | ||||
| € | r | ||||
| Depreciation ofassets | (see note11) 7 |
9,901 | 13,634 | ||
| Auditors'remuneration | 7 | 21,132 | 15,990 | ||
| Hire of equipment | 7 | 5,005 | 6,794 | ||
| 10 | AnalysisofCash, CashEquivalentsand Net Debt | ||||
| Non cash | |||||
| 2023 | AsatIJan2023Cashflows | movements | Asat3lDec2023 | ||
| Cash | atbank | 237,766 | 36,917 | 274,683 | |
| Cash | on deposit | 1,215,326 7 |
(592,283) | 7 | 623,043 |
| Net Cash | 1,453,092(555,366) | 7 | 897,726 | ||
| Non cash | |||||
| 2022 | AsatlJan2022Gashflows | movements | Asat3lDec2022 | ||
| Cash | atbank | 665,179 | (427,413) | 237,766 | |
| Cash | on deposit | 989,875 | 225,451 | 1,215,326 | |
| Netcash | 1,655,054(201,962) | 1,453,092 |
| tL. Fixed Assets |
FO | RYEAR EN | DED31STDE | CEMBER202 | 3 | |
|---|---|---|---|---|---|---|
| Property | Computer Equipment |
Office Equipment |
Leasehold lmprovements |
Total | ||
| Ê | â | Ê | c | Ê | ||
| Gosi | ||||||
| At1st January2023 | 250,000 | 82,782 | 33,338 | 366,120 | ||
| Additions | ||||||
| Disposals | ||||||
| At31st December2023 | 250,000 | 82,782 | 33,338 | 366,120 | ||
| Depreciation | ||||||
| AtlstJanuary 2023 | 560 4, |
77,357 | 33,338 | 115,255 | ||
| Chargeforyear | 7 | 420 3, |
5,425 | 8,845 | ||
| Disposals | ||||||
| At31stDecember 2023 | 7,980 | 82,782 | 33,338 | 124J00 | ||
| Netbook values | ||||||
| At31stDecember 2023 | 242,020 | 242,020 | ||||
| At3lstDecember2022 | 245,440 | 5,425 | 250,865 |
| lntangibleAssets | ||
|---|---|---|
| Software Development |
Total | |
| Ê | Ê | |
| Cos{ | ||
| At1st January2023 | 25,345 | 25,345 |
| Additions | ||
| Disposals | ||
| At31stDecember 2023 | 25,345 | 25,345 |
| Depreciation | ||
| At1st January 2023 | 23,245 | 23,245 |
| Chargeforyear | 1,057 | 1,057 |
| Disposals | ||
| At31stDecember 2023 | 24,301 | 24,301 |
| Netbook values | ||
| At31st December2023 | 1,044 | 1,044 |
| At31stDecember 2022 | 2,100 | 2,100 |
| L2.Debtors | FOR YEAR E | NDED31ST | DECEMBER |
|---|---|---|---|
| 2023 | 2022 | ||
| â | Ê | ||
| Duewithinone year | |||
| Otherdebtors | 7 | 69,715 | 54,068 |
| Prepayments | 7 | 23,889 | 25,852 |
| Accrued legacies | 25,700 | ||
| 93,604 | 105,620 |
| 13.Creditors-AmountsF | allingDueWithinOneYear | |
|---|---|---|
| 2023 | 2022 | |
| Ê | â | |
| Tradecreditors | 68,731 | 28,504 |
| Other creditors | 21,069 | 18,725 |
| lnterestfree loan | 30,000 | |
| Accruals | 89,684 | 45,390 |
| 209,484 | 92,619 |
| 2023 | 2022 | |
|---|---|---|
| Ê | Ê | |
| lnterestfeeloan | 220,000 | 0 |
| 1,6.UnrestrictedFunds | |||||
|---|---|---|---|---|---|
| Balance | IncomeExpenditure | Trans{ers | Balance | ||
| 01-Jan-23 | 31-Dec-23 | ||||
| € | t | â | r | â | |
| General ReseneFund | 684,366 | 2,278,448 | (2,231,470) | 731,344 | |
| DesignatedFund-Grant ReponseFund | 1,917 | (20,518) | 100,000 | 81,399 | |
| DesignatedFund-Property resen€ | 250,000 | (s7o) | 249,430 | ||
| DesignatedFund-Propertyrepairs | 148,209 | (148,209) | |||
| DesignatedFund-newproperty | 100,000 | (100,000) | |||
| 1,184,492 | 2,278,448(2,400,767) | 1,062,173 | |||
| Balance | lncomeExpenditure | Transfers | Balance | ||
| 01-Jan-22 | 31-Dec-22 | ||||
| Ê | Ê | Ê | Ê | r | |
| GeneralReseneFund | 602,684 | 1,883,938 | (1,782,256) | (20,000) | 684,366 |
| DesignatedFund-Grant ReponseFund | 200,000 | (1e8,083) | 1,917 | ||
| DesignatedFund- Property resene | 250,000 | 250,000 | |||
| DesignatedFundPropertyrepairs | 170,000 | (21,791) | 148,209 | ||
| DesignatedFund-newproperty | 100,000 | 100,000 | |||
| 1,222,684 | I,883,938(1,804,047) | (r18,083) | 1,184,492 |
where appropriatehave beengrou describedonpage5. |
pedintogeograp | hicalareas.Theyareallwithinour | hicalareas.Theyareallwithinour | hicalareas.Theyareallwithinour | obj | ectivesas |
|---|---|---|---|---|---|---|
| Balance | lncomeExpenditureTransfers | Balance | ||||
| 01-Jan-23 | 31-Dec-23 | |||||
| € | € | Ê | € | Ê | ||
| Christiansforced toffee | 21,090 | 85,8567 | (r06,400) | 7,264 | 7,810 | |
| Familiesof Christian martyrs Prisonersoffaith andtheirfamilies |
0 39,786 |
106,9327 75,4687 |
(e9,250) (57,854) |
(e1s) (4,e80) |
7 | 6,763 52,420 |
| Christianssuffering oppression and violence CentralAsia |
(0) 1,864 |
172,3987 I0,988 |
(15e,00e) (12,720) |
(8,0e6) 5,145 |
7 | 5,233 5,277 |
| Middle East/Gulf | 5,233 | 51,231 | (51,4ee) | 14,237 | 19,202 | |
| NorthEastAfrica | 398,275 | 299,636 | (452,810) | 5,829 | 250,930 | |
| WestAfrica | 9,369 | 108,774 | (75,786) | 7 | 42,357 | |
| SouthAsia | 36,046 | 92,474 | (100,254) | (4,111) | 24,155 | |
| South East Asia | 25,389 | 22,176 | (3e,787) | 4,421 | 12,199 | |
| Personal Support | 1,187 | 22,009 | (22,00e) | 1,187 | ||
| Generic funds andother | 1,203 | 39,450 | (31,661) | (18,7e0) | (9,798) | |
| 539,443 | 1,087,333 | (1 ,209,038) | 417,735 | |||
| Balance | lncomeExpenditureTransfers | Balance | ||||
| 014an-22 | 31-Dec-22 | |||||
| € | Ê | € | Ê | € | ||
| Christians forced to flee | 2,023 | 169,322 | (87,8e5) | (62,359) | 21,091 | |
| Familiesof Christian martyrs | 93,108 | 32,736 | (113,220) | (12,624) | 0 | |
| Prisonersoffaithandtheirfamilies | 45,901 | 100,876 | (106,991) | 39,786 | ||
| Christianssuffering oppression and violence | 78,702 | 78,221 | (223,622) | 66,699 | (0) | |
| CentralAsia | 1,898 | 37,215 | (64,750) | 27,501 | 1,864 | |
| MiddleEast/Gulf | 12,286 | 83,402 | (r02,9e3) | 12,538 | 5,233 | |
| NorthEastAfrica | 329,112 | 445,672 | (376,971) | 462 | 398,275 | |
| West Africa | 13,199 | 11,175 | (37,548) | 22,543 | 9,369 | |
| SouthAsia | 46,496 | 71,025 | (140,148) | 58,673 | 36,046 | |
| South East Asia | 18,183 | 19,211 | (12,118) | 113 | 25,389 | |
| Personal Support | 195 | 38,907 | (37,915) | 1,187 | ||
| Gener¡c funds andother | 45,726 686,829 |
32,206 1,119,968 |
(81,268) 4,539 (1,385,439)118,085 |
1,203 539,443 |
| Fixedassets | Cash | NetGurrent assets |
Totals | |
|---|---|---|---|---|
| e | € | Ê | t | |
| Restrictedfunds | 399,493 | 18,244 | 417,737 | |
| Unrestrictedfunds | 243,064 | 278,231 | 540,876 | 1,062,172 |
| 243,064 | 677,724 | 559,1 20 | 1,479,909 | |
| 2022 | Fixedassets | Cash | NetCurrent assets |
Totals |
| Ê | Ê | Ê | Ê | |
| Restrictedfunds | 529,198 | 10,245 | 539,443 | |
| Unrestrictedfunds | 252,965 | 923,893 | 7,632 | 1,184,491 |
| 252,965 | 1,453,091 | 17,877 | 1,723,934 |
| 19.OtherFinancialCom | mit | ments | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Office | Premises | Office | Premises | ||
| Equipment | Rental | Equipment | Rental | ||
| OperatingLeases | g | Ê | â | Ê | |
| Dueunder1year | 6,674 | 225 | 6,674 | 225 | |
| Due between 2to5years | 7 | 6,674 | 900 | 13,348 | 900 |
| Due after morethan5years | 7 | 14,794 | 15,019 | ||
| 13,348 | 15,919 | 20,022 | 16,144 |