MISSION AFRICA (THE QUA IBOE FELLOWSHIP) IA Company Limited by Guarantee) INDEPENDENT AUDITOR8, REPORT TO THE MEMBERS OF MISSION AFRICA (THE QUA18OE FELLOWSHIP) Oplnion We have audited the financial statements Mission Africa (The Qua Iboe Fellowship) (the 'charilable company'} for the year ended 31 January 2024 which comprise the Statement of Financial Activities Ilncorporaling Income and Expendilure Accounl), the Balance Sheet, the Slalemenl of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting Iramework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Flepublic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinlon the financlal 5talement8: give a true and fair view of the stale of the charrtable companys affairs as at 31 January 2024 and of its incomlng resources and applicallon of resources, includlng its income and expendllure for the year then ended; have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Pfaclice,. and have been prepared In accordance with the requirements of the Compani8s Act 2006. Basis for opinlon We conducted our audlt Sn accordance wSth Internallonal Standards on Audlllng (UK) IISAS (UKII and appllcable law. Our responsibilities under those slandards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. Vve are independent of the charitable company in accordance with Ihe ethical requirements that are relevant lo our audit of the financial slalemenls in the United Kingdom. including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other elhlcal responsibilities In accofdance with these requirements. We believe that the audit evldence we have obtalned13 sufficient and appropriate lo provide a basls for our oplnlon. Conclusions relating to going concern In audiling the financial slalements, we have concluded that the Council's use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have nol identified any material uncertainties relating to events or condrtions that, individually or colleclively, may cast significant doubt on the charitable company's abilty to continue as a going concern for a period of al least fvftlve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Council with respect lo going Concern are described in the relevant sections of this ￿port. Other informatlon The other information comprises the infomalion included in Ihe AnnLJal Report other than Ihe financial slatements and our Auditor5, Report thereon. The Council are responsible for the other information contsined thin the Annual Report. Our opinion on the financial slalemenls does not cover the other infomation and, except to the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our résponsibility is lo read the othèr information and, in doing so, consider whether thè other information is materially inconsistent with the financial statements or our knowledge obtained in the course of Ihe audit. or otherwise appears to be materially misststed. If we idenlily such material in¢onsislen¢ies or apparent material misstalemenls, we are required to determine vthether this gives rise to a material misslalernent in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other inlormalion, we are requlred lo report that fact. We have nothing to report in this regard. Page 10 MISSION AFRICA ITHE QUA18OE FELLOWSHIP) (A Company Llmiled by Guarantoo) INDEPENDENT AUOITORS, REPORT TO THE MEMBERS OF MISSION AFRICA (THE QUA IBOE FELLOWSHIP) ICONTINUEDI Opinion on other mattors prnscribed by the Companlos Act 2006 In our oplnlon, based on the work undertaken In the cours• of the audlt: the information given in the Council's Report for the finanGlal yeai for whl¢h the financlal statements are prepared is consistent wlh the financial statements. the Council's Report has been prepared in accordance with applicable legal requirements. Mattern on which we are requlred to report by exc•ptlon In Ihe light af our knowledge and understanding of the chantable company and Ils environment obtained in the course ol the audit. we have not identified material misstatements in the Councll's Report. We have nothing to report in respect of the lollowng matters in relation to vthich Companies Act 2006 requires us to report to you if. in our opinion: adequate accounllng records have not been kept, or relums adequate for our audit have not been received from branches not vl8iled by us,. or Ihe financial statements are not in agreement wth the accounting records and returns., or certain disclosures of Council's remuneration specified by law are not made; or we have not received all the information and explanalions we require for our audit., or Ihe Council were not enlltled lo prepare the financial statements In accordance wilh the small companles reglmè and take advantag8 of the small companles, exempllons In preparlng the Councifs Report and from the requirernent to prepare a Strategic Report. Rosponslbllltlès of Councll As explained more lully in the Council's Responsibilities Statement, the Council (who are also the directors of the charitable company for the purposes of company L4wl are responslble for the preparation of ihe flnancial stalements and for being satisfied thal they give a true and fair view, and for such internal control as the Council det8rminè Is nec8ssary to 8nable Iht préparation of financlal 81atement8 that are free from material mlsstalement, vthether due to fraud or error. In preparing the financial statements, the Council are responsible for assessing the charitable company's ability to Gonlinue as a going concern, disclosing, as applicable, matters related to going concem and using the going concem basls of accounting unless the Council either Intend to liquldate the charitable company or to cease operalions, or have no realistic alternative but to do so. Page11 MISSION AFRICA (THE QUA IBOE FELLOWSHIP) IA Company Llmlted by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MISSION AFRICA (THE QUA18OE FELLOWSHIP) {CONTINUEDI Auditors. responsibilities for the audit of thè financial statèments Our obje¢tlv•s are to obtaSn reasonable assurance about whether the financial statements as a thole are free from malenal misstatement, vthether due to fraud or error, and lo issue an Auditors, Report that includès our opinion. Reasonable assurance is a high level of assurance. but 1$ not a guaiantee that an audit conducted in accordance with ISAS IUKI wll always detect a material misstatement when il exists. Misslalements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fiaud. are instances of non-compliance with laws and regulations. We design procedures In line wllh our r•sponslbllS1ies, oulllned above, to détect material misslatemenls in respecl of irregularities. including Iraud. The extent to thich our procedures are capable of detecting irregularities, including fraud is detailed below. Our approach to idenllfylng and assessing the rlsks of materlal misstatement in respect of irregularfties, Including fraud and non-compliance wlh law8 and regulations, was a8 follows. The engagement partner ensured that the engagement team collectively had the appropriate competence. capabilits.es and skills lo identify or recognise non-compliance with applicable laws and regulallons. As part of the audit in accordance wlh ISAS IUKI we exercised professional judgement and maintained pfofessional scepticism throughout the audit. We Identified the laws and regulations applicable to the company Ihfough discussions with directors and other management, and from our commercial knowledge and experience of the sector and we focused on specific law5 and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company, includlng the Companies Act 2008, Chgrilles Act. taxation legislation and employment law. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fiaud rnighl occur, by making enquiries of mana9emenl 88 lo ￿ere Ihey considered there was susceptibilily to fraud, their knowledge of actual. suspected and alleged fraud and eonsidering thè internal controls in placè lo mitigate fisks of fraud and non4ompiiance ￿￿th laws and regulation$. We obtained an understanding of internal controls relevant lo the audit in order to design audit procedures that were approprlale in the circumstances bul not for the purpose of expressing an opinion of the effectiveness of the Company's inlemal controls. To address the risk of fraud through management bias and override of controls. we performed anal￿1￿1 procedures to identify any unusual or unexpected relationships; lested journal entries to identify unusual Iransaclions,, evaluated the approprialene$s of accounting policies used, including management's use ol the going concern basis ol accounting, and the reasonableness of accounting estimales and related disclosures made by management,. and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and noTrcompliance wth laws and regulations, designed procedures which included bul wefe not hmiled to agreein9 financial slalemenl disclosures lo undertying supporting documentation,. reading the minutes of meelin9s of those Charged with governance., and enquiring of managemenl as to actual and potential litigalion and claims. Because ol the inherent limitations of an audlt, there is a risk that we will not detecl all irregulartties, including those leading lo a material misstatement in the financial statements or non-compliance with regulation. This fisk increases the more that compliance wth a law or regulation is removed from the events and Iran5aclions reflected in the financial statements, as we will be less likety to become aware of instances of non