Charity reglstrallon number 327623 Company rngl8tratlon numbar 021959241England and Wales) HAGGAI ADVANCED LEADERSHIP TRAINING LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HAGGAI ADVANCED LEADERSHIP TRAINING LTD LEGALAND ADMINISTRATIVE INFORMATION Tru8ts08 C P Ellis (Chairman) R H Irvine l Bald Secrnlary A T Saunders Charlty number 327823 Company number 02195924 R•gl8l•rod offlce Unit 3 Burnt Oak Business Park Waldron Heathfield Ea51 Sussex TN21 ONL Indop•nd•nt •xamlner Summers Morgan Flrst Floor, Sheraton House Lower Road Chorleywood Hertfordshlre WD3 5LH Bankern National Vvestminsler Bank PIC Palmer8 Green Branth 288 Green Lanes London N13 5GA Sollcltor8 Pothecary Witham Weld 84 Eccle5ton Square Pimllco London SW1V 1PX Related Charltl88 Haggai Internatlonal Instit$ forAdvanced Leadership Tralnlng Inc, 4725 Peachtree Corners Circle, Suite 200 Peachtree Corners Georgia 30092-2573 USA Ambassador Rev S Gaukrogor
HAGGAI ADVANCED LEADERSHIP TRAINING LTD LEGAL AND ADMINISTRATIVE INFORMATION Councll ol Reference Rev Dr Martyn Atklns Rev Dr Paul Beasley-murray RevAnne Calver Rev Gavin Calver MrsAnn& Coles Slr Jeremy Cooke Mr Roger Forster Rev St8phen Gaukroger Mryosry Ghobry Rev Pete Wynter
HAGGAI ADVANCED LEADERSHIP TRAINING LTD CONTENTS Page Trust8as' r8POrt Independent examinarfs report Stalement of financlal activities Balance sheet Notes to the financial stalemenls 7-12
HAGGAI ADVANCED LEADERSHIP TRAINING LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT> FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and Ilnanclal slatemenls for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounling policies set out in note 1 lo the financial stalements ond compty wllh the charity's goveming document, the Companies Act 2006 and 'A¢¢ountlng and Reporting by Charities.. Statement of Recommended Practice appllcable to charilies preparing their accounts In accordance with the Financlal Reportlng Stsndard applicable in the VK and Republic of Ireland (FRS 102)" las amended for accountlng periods commencing from 1 January 2016). ObJectlve8 and actlvltleg The charity's main objectives are to advance the Christian Faith and Irain Christlan men and women as Christlan leader5. evangelists and teachers, The UK tharity work8 wlth Haggai Inlernational in the USA whosa role Is to identify and, through Inlenslve tralnlng sessions, develop exlsllng non-we8tern Christians in posilion8 of leadership to be More effective In reachlng th8lr own people wtth the Gospel of Jesus Christ. It encourages Ihose Iralned to pass on Ihelr tralnlng to at least 100 others within Iwo years, As local leaders face no visa issues, speak Ihe local language and fully understand tha culture, they are far more effectlve and equally more cost effective Sn Ihelr own countrie8 than out81de agencles can be. Thi5 approach ha8 proven to be an effective model of ml$8lon for the 21 st Century and play8 an Importanl part in helping to end Gospel povety. The leadorshlp tralnlng is delivered by highly experlenced Inlemational facully. Tho89 selected for Iralning are often In senlor-level positions of influence and Ihe Haggal Leader Experience has been deBcrlbed by thos8 attending as life-lfansformlng. Many go on to establish hospllal8, iellef organisats'ons. schools and churches or oparat? in other ftelds dependlng on wh8re their talents lie. In Iho UK the charity, Haggai Advanced Leadership Training Limited, whlch operates under the name of Haggal International (formerly Haggai Institute) Ss the means to inform the Chrlstlan community in th8 UK about the work of developing Christian leaders. Through tts actlvities, it channels ltsnd8 to Haggal Inlernational in the USA for the solo purpose of enabling non-western leaders to attènd th& training cour8es. Haggal Intornalional USA is, for c08t réasons, looking lo close il'8 main training cenlre in Maui. In response to the global Covid-19 pandemic, whlch resulted in restrictions on travel and meellng 109elher, an on-line verslon of the Haggai Leader Expeiience has been developed (the Virtual Haggai Leader Expeiience) and has successfully enabl8d the training to ba delivered to larger number of leaders. Alongside this, in-per8on trainlng resumed In 2023. The maln acllvlty of the charity is to inform Christian8 about the actNlty of the ministry and to ralse funds Ihrough the quarterfy dlstrlbulion of Ils informative magazine, Impact. lthen revlewlng Ihe programme and plannin9 future aclivltl8S. the trustees have regard lo the Charity Commission's guidance on public b8n8fit, always ensuring that the actions taken are in Ilne wlth the charity's aims and objecuves, The Mission and Vison statements of Haggal International are shown below.. Mlsslon Statement." To equlp and inspirn Strate.callY posilioned leadors to more effectively demonstrnte and pr9sant the Gosp81 of Jesus Chrtsl and lo prare others to do the same. Vlslon Statgmenl. Every nallon redeemed and transfom?ed thmugh the Gospel of Jesus Chnsl.
HAGGAI ADVANCED LEADERSHIP TRAINING LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and perft>m)an¢• Sigrrifi¢ant aclvltles and achlevements against obiecliv88 The trustee8 decided to continuè lo place Haggai Inlernational in th8 UK on a malntenance foollng for the foreseeable future. Con8equ8ntly, the charity has not organlsed any public events during Ihe year. The UK trustees met Iwlce during the yeai by video confeienclng faclllties and have continued a good working relationship and made regular conlact with Halcyon which provldes buslness administration for the charity. Tha OP8rating environment of thè charlty remalns testing, bul the Trustees are most graloful for the continuSng inter88t and supporl of all donors. There are stlll close to 108 aclive donors and around 800 people and groups reglstored on the database. Core donor8 recelve the"Impact' magazine foul tlmes a year. Not withstanding the general envlronment and the consequent challenges, total donations amounted to £52,037 a decrease of 9.8% compared to the previous year. Donation$ from Indivlduals and churches were al a lower level compared lo last year whlle £21,722. which 15 included in the total donations received, was donated by various trusls. However, year on year comparisons can be dislorted by the Impact that th8 timing of one-off donatlons has on annual trend8. Costs have continued to be carefully controll80. Throughoul the year Rev Stephen Gaukroger contlnued In an honorary cv4pacily in h18 role a8 Ambassador for Haggal Inlernatlonal in the UK. representing Ihe organlsalion in variou6 way8 as well a6 offering to prOVe recommendatlons to the Trustees, Hi5 obJecllve Is essentlally lo raise the profile of Haggal International and help make Its mlnlsty better known. A6 8 r08uII ol the Trustees deciding to place Haggal Int8malional UK on a maintenance footlng. no soclal medla plalfomis were re-eslablished followlng th8 declsion not to aclively fvndra180. Flnanclal rovlow All expenses incurred in the UK are covered by the International Board of Tru8tee8 of the mlnlslry and therefore the trustees do not consider it necessary to have a 8lgniflcant resarve fund. All local expenses aro pald from the general UK bank account and rè-imbursed monthly from the USA office in Atlanta. Princi al fundin sour Income arlses by way of donatlons from individuals, trusts and churches. All expenses Incurred in the UK are covered and relmbursed by the Intemalional Board of Trusteeg of th8 ministry In Atlanta. For Ihls reason. all donalions raised in the UK go fully lowards the trainlng Df leaders. Investment olic Apart from small worklng Current account, all fund5 are held In a NatlNest Res8Ne accounl which pays interest, The savings a)Unt shows a surplus of £93,82, compared to a surplus of £443.98 for Ihe prevlou8 year. Imth all Income being paid over to Haggai Intemational Inslitute for Advanced Leadership TrainSng Inc and all expenses relmbursed by the International Board of Trustees. Ihe Net Incornel Expenditure on th8 General Fund will effectively break even. subjecl to adjustrnents In DebtOTS and Cr8dilorslAccruals. Free Reserves at the year end lotalled £2.022 (2023: £3.3841. The total funds transferable lo Ihe intemational tralning fund In the year was £53,305 (2023: £68,489) around 28.5% down on lasl year. Plans for future porlods The UK Truslees continue lo meet regularly either online or in person when possible to review progress and consider the fuluie.
HAGGAI ADVANCED LEADERSHIP TRAINING LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 struGtur•. governanco and management IA The organisation is a charftable cornpany limited by gu8rant88 and was set up on 191h Novembef 1987, It is governed by a Memorandum and Articles of Association. The liability of each member in the event of the company being wound up is £1. The trustees, who are also the directors for Ihe purpose of company law. and who served durlng the year and up to the date of signalure of Ihe financial slat8ments wère: C P Ellls (Chalrman) R H Irvine l Bald tmenl f n The trusteas, who are also difeclors of th8 company. are g8n8rally recrulted from the existing supporter base of Haggal Int8rnational and are known lo be fully committed to the objects'ves and acllvStl6s of the charity. They have buslnos$ and professional bad(ground8 whlch provide a balanced mbInatIOn of 3ki11s and experienc8 for undertaklng their rasponsibilities. Und8r the Memorandum and Artlcles ofAssociation of the cornpany, the dlrectors are appointed for a perlod of Ihree yaars after which they must be re-elacted at Ihe next Annual General Meetlng, Trus inin INhen new Irustoes aro appointed Ihey are inwarlabty exlsllng supporlers ol Haggal Inlernatlonal and thefefore acqualnted wlth the work of the charity, Their knowledge is supplemented by background papers and r8POrts as as brlefing sessions wilh existing trustees. Regular updating Infomiatlon gardIng Ihe work of Haggai Intematlonal 18 also Issued. The Haggai InteTnallonal website alsa contains much useful Informallon. isational S Since September 2014 much of the bu5ines5 administratlon of the charily, including support and fundraising services, has been carrled out by a Chrislian oroanisatlon speciallsing In Ihe provision of such services. Initially. this Wotk was undertaken by Yeomans but was transferred lo Halcyon In March 2021. There are Inlernal systems and procedures In place whlch mlnimlse the rl8k of tha charity in the areas of finance and Ihe authorisation of any expenditure. Rl#k management The trustees conslder thal. as all expenses are covered and guaranteed by the USA office. and all other income Is transfeed dlreclly to the internalional training fund, there is no significant financlal rlsk to the charity. The trustees, report was approved by the Board of Trustees on 1gNovember 2024. C P Ellis (Chairman) Tru8to0 Dale.. If.. &)94
HAGGAI ADVANCED LEADERSHIP TRAINING LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAGGAI ADVANCED LEADERSHIP TRAINING LTD I r8POrt to the trustees on my examinalion of the financial slalements of Haggal Advanced Leadership Trainlng Ltd (Ihe charity) for the year ended 31 March 2024. Regpon•lbllltl•s and ba818 of report As lh8 Irust8es of Ihe charity (and also Ils dlrector8 for thè purpos8s of company law) you are responsible for the preparation of the financial statemenls In acrdanCe with the requiremenls of the Companles Act 2006 (the 2006 Having satisfied myself that th8 financial statements of the charlty are not required to be audrted under Part 16 of the 2008 Act and are ellgibl8 for independent èxamination, I report In resped ol my examination of the charily's flnancial slatem6nt$ carried out under sedion 145 of the Charities Act 2011 (the 2011 Act), In carrying out my examlnatlon I have followed all the applicable Dlrectlons glven by the Charity Commi581on under section 145(5){b) ofthe 2011 Acl, Independent examlnerf• •tat•m•nt I have compleled my axamination. I confirm thal no matters have come to my attention in GonneGilon with the examlnalion glving me cause to believe Ihat in any fflatert81 respect: accountlng records were not kept in respect of the charity as raquir8d by section 386 of the 2006 Act: or the flnanclal stat8m8nls do not accord vlth those racords., or the financlal statement8 do not comply with tha accounting requlremenls of section 396 of the 21x16 AGI other than any requirement Ihal the accounts give a true and fair view whlch13 not a matter consldered a8 part of an independent examination. or the finandal 8tatemenls hav8 not been prepared In accordanca with the methods and prlnclples of the statement of Recommèndad Practice for accountlng and feporiing by charities appllcable to charities preparlng thelr account$ in accordance with the Flnandal Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102). I have no concems and have come acrosg no other mglters in connecllon wlth the examination to which attenllon should be drawn in thi$ report in order to enable a proper undar8landing of the financial statements to be reached, Nicholas Corden ACA For and on behalf of Summers Morgan First Floor, Sheraton House Lower Road Chorleywood Herlford8hlre Y3 5LH
HAGGAI ADVANCED LEADERSHIP TRAINING LTD STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrostrlcted funds 31.03.24 Unrnstrfct•d funds 31.03.23 Note8 Income from: Donations and legacies Inve31ment8 71,399 150 71,694 44 Total Income 71,549 71,738 Expendltur• on: Raising funds Charitable activitles 16,830 58,081 12,743 72,940 Total •xp•ndltuM 72.911 85,683 N•t •xpondltur• and movomont In fund• (1,382) (13,945) Reconclllatlon of fund8: Fund balance8 at 1 April 2023 3.384 17.329 Fund balanc08 at 31 March 2024 2,022 3,384 The Stalemenl of financial aclivilie5 includes all galns and losses recognlsed In the year. All Incom6 and expendilure derlve from Gontlnulng aclivities.
HAGGAI ADVANCED LEADERSHIP TRAINING LTD BALANCE SHEET ASAT31 MARCH 2024 31.03.24 31.03.23 Notes Current assets Debtors Cash al bank and in hand 10 7,205 2,501 8,236 12,572 9.708 20,808 Cr•dltors: amounts falllng du• wlthln one y•ar 11 {7,684) (17,424) Not curr•nt a88ot• 2,022 3,384 The fund8 of the charlty Unrestricted fund8 2,022 3.384 2.022 3,384 The company is èntitled lo the exemption from Iho audil requirement contained In 8ectlon 477 of the Companies Act 2CK18, for the year ended 31 March 2024. The trustees acknowledge Ihelr re8ponsibllilies for ensuring that the charlty keeps accounting record8 whlch comply wlth section 386 of the Act and for preparing financial statement8 vthlch give a true and fair view of the slate of affairs of the company as at the end of tha financial year and of 118 Incomlng resources and application of resources, including its income and expendlture, for th6 financial year in accordance wlth lh6 requirements of sections 394 and 395 and whlch otherwise comply with the requirements of the Companies Act 2006 relaling io finanelal statements, so far as appllcable to the company, The members have not required the company to obtain an audit of its financlal statements for the year in questlon In accordance with section 478. These financial statemenls have been prepared In accordance wllh the provisions applicable lo companlos subject to the small companies ragime. The financial statemen15 were approved by the trustees on . C P Ellls (Chairman) Trustee Company registralion number 02195924 (England and Wales)
HAGGAI ADVANCED LEADERSHIP TRAINING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclos Charfty Informatlon Haggai Advanced Leadership Training Lld Is a private company Ilmlted by guarante8 incofPOTated In England and Wales. The reglstered office is Unil 3. 8umt Oak Business Park, Waldron, Heathfield. East Sussex, TN21 ONL. 1.1 Accountlng Conventlon Th6 financial statements have been prepared In accordance with the charitys goveming documont. the Companie5 Act 2006 and 'Accounting and Reportlng by Charities.. Statemenl of Recommended Practice applicable to chafltles preparing thèir accounts In accordance with the Financial Reportlng Slandard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016). The charity is a Public 8enefft Entity as defined by FRS 102. The charlly has taken advanlage of the provlslons in the SORP for charitie5 applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in stefllng, whlch Is tha functional currency of the charty. Monetary amounts In these financlal statements are rounded lo the nearest £. Tha financial slalemenls have been prepared under the hislorical cost convention, Imodified lo Include the revaluation of freehold properties and to include Investment propertie8 and cértain finanaal instruments at fair value]. The prlnclpal accounting pollcS09 adopted are set oul below. 1.2 Golng concom At the tlma of approving the financlal statement8, the trusteès have a rea8on8ble expectation Ihat Ihe charity has adequate resources lo continue in opefational oxistence for the foreseeable future. Thus Ihe trustees ¢ontinu8 to adopl the golng concem ba818 of accounting in preparing the financial statement$. 1.3 Charltable fund• Unreslrlcted funds are available for u80 at the discretion of the trustee5 in furtherance of thelr chafilable objectlvag. Re6trlcted funds Bre subjed to specific Conditions by donors or grantors a8 lo how they may be used, The purposes and use8 of the restricted funds are set out In the notes lo Ihe financial statements. Further explanatlon of thé nature and purpose of each fund 18 Included in the notes to the tlnancial statement8. 1A Income All incoming resources are Included on the Statement of Flnancial Activities when the chafily is le9ally enlilled to the income and the amount can be quanlified with reasonable accuracy. Donated seNlces and expenses are recognised at Iheir monetary value al the lima the service or expense is donated or pald, Cash donatlons are recognised on recelpt. Other donations are recognisad once the charity has been notifd of the donation, unless performance conditions requi defvrral of the amount. Income tax wecoverable in relation to donalions recebved under Gift Aid or deeds of covenant 15 recognised at the lime of the donation. Legacies are recognlsed on receipt or otheNlso if the charity has been notified of an impendlng dlstfibution. the arnount 18 known. and receipl is expecled. If the amount is not known, Ihe legacy is treated as contingent asset.
HAGGAI ADVANCED LEADERSHIP TRAINING LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclo8 Icontlnued) 1.5 Expendlturp Expendilure Is recognlsed once thère is a legal or constructive obligation lo transfer economic ben&fit lo a third paty, It Is probable Ihat a transfer of economlc benefits will be required in settl8ment, and the amount of the obligatlon can be measured reliably. Exp8ndlture is classified by 8ctlvity. Tho costs of each aclivlty are made up of the total of dlrecl costs and shared costs. including support costs Involved in undertaking each activily. Direct costs altributable Io 8 single actlvily are allocated directly lo thal actlvity. Shared costs whlch contribute to more than one aclivily and support costs which are not attrlbutabl& lo a single activity are apportloned b8tW8en those acllvbtias on a bas1$ con81stent wlth the use of resources. Expenditure is accounted for on an 8ccrua15 basls and has been classified under haadings that aggregate all C05t related to the category. Where costs cannot be dlractty attiibuled lo partlcular headings Ihey have been allocated lo aclivltle8 on a basis Consistent wllh the u80 of resources. 1.8 Cajh and ¢a•h •qulvalents Cash and ca8h equivalents include cash In hand, deposits held at call wlth banks. other 8hort-t8mi liquid Investments wlth original malurilies of three months or18ss, and bank overdrafts. Bank overdraft8 are shown wlthln borrowing5 in Current Ilabilitles. 1.7 Flnan¢lal In8trum•nt8 The charity only has financial assets and liabllltles of a kind that qualify as baslc Inancial inslrument8. Ba8lc financlal Inslruments are initially recogn18ed at transaction value and subsequently measured at amortis•d co81. Baslc Ilnanclal Ilabllhl•$ Basic financial liablllties, including credilors and bank loans are inltlally recognlsed at Iransaction price unless the arrangement conslitthes a financing tran8action, where th8 debt instrumant Is measured at the present value of the future paym8nts discount8d at a mark•t rale of interesl. Financlal Ilabilities classified as payable within one year arè not amortised, Debt in8trumenls are subsequently caFrled at amortlsed cost, Uslng the effectlva inlaresl rate melhod. Trade creditor8 are obligallons to pay for goodB or 8ervlceB that have been acquired in the ordlnary course of oparations from suppliers. Amounts payable are dasslfied as currant liabilities if payment Is due within one year or less. If not, they are presented as non-current liablllli8s. Trade credilors are recognised initially at transadion price and subsequentty measured al amorti68d cost using the effective Inlerest method. Dor•cognltlon of flnanclal Ilabllllle$ Financial liabilities are derecognlsed when the charity's conlractual obligations explre oi are discharged or cancelled. 1.8 T4utlon The charily is exempt from corporation tax on its charitable activrties.
HAGGAI ADVANCED LEADERSHIP TRAINING LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incomo from donatlons and legaclo• Unrnstrfcted funds 31.03.24 Unr08trf¢t•d funds 31.03.23 Donations and gffts Grant from Haggal International Institute for Advanced Leadershlp Training Inc to cover operatlng expense5 52.037 57.114 19,362 14,580 71,399 71,694 Donatlon• and glft• Individuals Churches TTu81s and Corporallons Other 16,523 5,199 28,495 1,820 53,714 2,500 500 400 52,037 57,114 Donatlons reflects glfts from Indivlduals, together wlth mlat•d GiftAid, churches, trusls and corporations. Incom• from Inv••lm•nts Unr••trfct•d Unr•$trfctsd fund8 funds 31.03.24 31.03.23 Interest receivable 150 44 Expendlture on ralslng fund8 Unrn8trlct•d Unr•8trfctod funds fund$ 31.03.24 31.03.23 Fundralsing and publlclty Support costs 16,830 12,743
HAGGAI ADVANCED LEADERSHIP TRAINING LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable a¢vItIeS Unrejtrlclod Unrestricted fund funds 31.03.24 31.03.23 Grants to Haggai International Instllute for Advanced Leadership Training Inc Share ol govemance costs (seè not8 8) 53.305 2.776 68,489 4,451 56,081 72,940 Support Costs allocatsd to aGtlvltle8 31.03.24 31.03.23 Postage and Fielghl Subscriptions Printing and Slationary Bank Charges Exlemal Admlnlstralion Fees 1,061 1,301 6,228 125 9,001 718 1,246 2,296 154 9,000 17,716 13,414 Allocalion of General Overheads to Govemance Cosls (886) (e71) Total Support Cosis 16,830 12,743 31.03.24 31.03.23 Gov•mance cost8 compr180: Allocation of General Overheads lo Governance Costs Independent Examinalion Fees 671 3,780 1,890 Govemance Costs 2.776 4,451 31.03.24 31.03.23 Analysed between: Fundraising Charitable activltles 16,830 2,776 12,743 4,451 19,61 17,194 10-
HAGGAI ADVANCED LEADERSHIP TRAINING LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charlty durlng the year. Th8re were no trustees, expenses pald for the year ended 31 March2024 nor lor the year ended 31 March 2023. Employ9•9 There were no employees during the year (2023.. none). 31.03.24 Number 31.03.23 Number Tolal There were no •mployee$ YAiose annual remuneratlon was more than £60,000. Taxatlon The charity is exempl from laxalion on its acllvltle8 becau88 all Its Income is applied for charitable puipose3. 10 Dobtorn 31.03.24 31.03.23 Amount• falllng due wlthln one yoar: Trade debtors Other debtor8 Prepayments and accrued income 6,327 878 7,509 728 7,205 8,236 Other debtors reflects a relmbursement post year and by Haggai Inlernational Instilute for Advanced Leadershlp Tra5nlng Inc. of £4,655. (2023 - £5,097) for 8xpens85 incurred during the year, and Glft Ald recoverable of£1,672. (2023- £2,412). 11 Credltorn: amounts falllng due wlthln on• year 31.03.24 31.03.23 Other creditors Accruals and deferred income 5,794 1,890 15,534 1,890 7.684 17,424 Olher Creditors, at £5,794 (2023 - £15.534), reflects payments post year end by the charity to Haggai Internalional Institute forAdvan¢ed Leadership Tralning Inc, of income and Gift Aid. 11
HAGGAI ADVANCED LEADERSHIP TRAINING LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Unr•8trl¢tod funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to 5perific condltions by donors and grantors as to how they may be used. These include designated funds whlch have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprll 2023 Incomlng R080urc•• At 31 March resourc08 oxpgndod 2024 General funds 3,384 71.549 (72,911) 2,022 Prevlou8 year. Incomlng r••ouK Re8ource8 At 31 MaKh •xpondod 2023 2022 General funds 17,329 71,738 (85,683) 3,384 13 Anaty818 of not a$8•ts b•iw••n fundi Unrn•trfct•d funds 31.03.24 At 31 March 2024: Current ass8151(liabiliti85) 2,022 2,022 Unre8trlcted fund• 31.03.23 At 31 March 2D23: Current as8etsl(Ilabllltles) 3,384 3.384 14 R•latgd party tran$a¢tlons During the financlal year Ihe charity received the sum of £19,362 (2023 - £14,580) funding from Haggal Internalional Instbtute for Advanced Leadership Trainlng Inc (a USA based chatity) to cover adminlstrative expenses. The donations and funds raised by the charlty in the UK are used direclly and exduslvely for the Iralning ol Chrlslian 18aders. In the y8ar under revlew. £53.305 {2023 - £68,489) funds were remltled to Haggai International Institute for Advanced LeadershSp Tralnlng Inc for Ihi5 PUTPOSe. The aggregate donations received from trustees during the year was £2.064 (2023 - £2.064). 12-