MISSION AFRICA {THE QUA IBOE FELLOWSHIP) (A Company Limitod by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDrruRE ACCOUNTI FOR THE YEAR ENDED 31 JANUARY 2025 Unrestricted fund5 2025 Re$tiicted funds 2025 Total funds 2025 Total funds 2024 Note Incomo from: Donalions and legacies Investments 234,435 53,674 263.905 206 498.340 S3,879 577,886 49,863 Total Sncomo 288,109 264,111 552,220 627,749 Expendlture on: Charitable activities 390.3S7 177,890 568,247 713,424 Total exp•ndlturn 390,357 177,890 568,247 713,424 Net {expenditure>lincome before net gainslllo$$o$) on investmgnts Nel gainslllossesl on investments Not movefflent in funds befor• other rKognised gain81(lossèsl (102.2481 52.881 86,221 116,027) 52,881 (85, 675) (52, 340) 149,3671 86,221 36.854 (138,015) Oih•r recognl•ed galn•lllo8••8): Other gainsl(losses) 159,913 159,913 {135) Not mov•mènt In funds 110,546 86,221 196,767 (138, 150) Rèconclliation of funds: Total lunds brought loard Net movement In funds 1,114,727 110,546 J21,857 86,221 1,436,584 196,767 1,574,734 (138, 150) Total funds carfl•d lorward 1,225,273 408,078 1,633,351 1,436,584 The Statement of Financial Activrties includes all gains and losses recognised in the year. The notes on pages 17 10 34 form part of ihese financial statements. Page 14
MISSION AFRICA (THE QUA 18OE FELLOWSHIP) IA Company Limlt•d by Guarantee) REGISTERED NUMBER: R0000611 BALANCE SHEET AS AT 31 JANUARY 2025 2025 2024 Nots Fixed ass•ts Tangible assets Investmenls 11,172 1,149,351 167,863 1. 144,749 14 1,160,523 1.312,612 Currènt a8Sèt$ Debtors Cash al bank and in hand 15 36,278 470,973 25,120 154.614 507,251 179. 734 Current Ilablllil•s Creditors.. amounts falling lyue within one year 16 (34,423) (55, 762) Not currant a88•ts 472,828 123,972 Total as#•ts1008 ¢urr•nt liabilitia• 1,033,351 1.436,584 Not assots ox¢ludlng penslon aisot 1,633,351 1.436,584 Total not ass8tg 1,633,351 1,436,584 Charity funds Restricted lunds Unreslricled funds 18 408,078 321,857 Desi9naled funds General lunds 18 18 151,055 1.074,218 173,049 941,678 Total unreslricled funds 18 1,225,273 1,114, 727 Totsl fund8 1,633,331 1,436,584 The Council acknowAedge their responsibilities for Gomptying with the requirements of the Acl with respect tt> accounting records and preparation of financial slalements. The financial staternenls have been prepared in accordance wlh Ihe provisions applicable lo entities subject to the small companies regime. The financial statements were approved and authori8ed for issuè by Ihe Council on 06 January 2026 and signed on their behaff by.. Naomi Barfoot (Chair of Council) Pagè 15
MISSION AFRICA {THE QUA IBOE FELLOWSHIP) (A Company Llmlted by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY 2025 2025 2024 Cash flows from opèratlng a¢tlvltl•$ Net cash used in operats'ng activities 1101,554) 156.222) Cash flow• from Investing activltl•8 Dividends, interests and rents from investments Proceeds from the sale ol tangible fixed assets Purchase of langlblè flxed assets Proceeds from sale of investmènts Pur¢ha$e of inveslmenls 53.880 320,973 17,239) 604,174 1553,875) 49,863 6,597 {6, 708) 61,850 (107,247) N•t ca•h provlded by Inv•gtlng actlvltle• 417,913 4,35S Cash flow¥ from financing octivitios Not ¢a•h provld•d by fin•nclng a¢tlvltl•8 Change In ca8h and ¢a•h equivalénts In th• year Cash and cash equivalents at the beginning of the year 316,3S9 164,614 (51,8671 206,487 Cash and cash equiv•19nts at th• •nd of the year 470,973 154,614 The notes on pages 17 to 34 form part of these financial statements Page 16
MISSION AFRICA (THE QUA IBOE FELLOWSHIP) (A Company Lirnlted by GuarantO0) NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 General InfOatIOn Mission Africa 18 a charitable Company limited by guarantee and is incorporated and re9iStered in Northem Ireland under company registration number R0000611. It is a registered charity wilh the Charities Commission in Northern Ireland under number NIC102150. The charitable company's registered office is situaled at 14 Glencregagh Court, Belfast. 8T6 OPA. The principal activities of the company are the advancement of Christianity. education and thé relief of poverty in Afri through voluntary work and financial assistance ol charitable projects. Accountlng poll¢les 2.1 Ba818 of pr•paratlon ol Ilnan¢lal ¥14t•rn•nts The financial statements have been prepared in accordance wllh the Charltie$ SORP IFRS 1021 Accountlng and Reporting by Charities.. Statement of Recommended Practice applicable to charitles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companie5 Act 2006. Mission Afrlca (The Qua Iboe Fellowship) meets the definition of a publlc bon•fit entlly under FRS 102. Assets and Iiabilitses are Initially recognised at historical cosl or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Golng coneorn The charttable company's actsvities, together wrth the factors likely to affect its future development, performance and financial position are sel OLrt in the Councils, Report. The financial position of the charity. along with its policies and processes for m8inlaining current activity, managing ils funding and Its financlal risk management are also get out in the Councils, Report. The charty meets its day lo day working capital requirements through donations & legacies. The charity's forecasts and projections, taking account ol reasonably possible changes in operating performan¢e, show that the charity will be able lo operate wlhln Ils current facilities. After making enquiries, the Coun¢ll have a reasonable expectation that the Charity has adequate resources to continue in operation for the foreseeable future. A¢cordSngly, they continue to adopt the golng concern basis in preparing the annual report and accounts. Paye 17
MISSION AFRICA {THE QUA IBOE FELLOWSHIP) (A Company Ltmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 Accountlng pollcles (contlnued) 2.3 Incomo All income is recognised once the Company has entillement to the income, it is probable that the income w511 be received and the amount of income receivable can be measured reliably. The recognikn'on of income from legacies is dependent on establishin9 entitlement, the probability ol receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficlenl evidence Ihal a 91ft has been left to them (through knoedge of the exislence of a valld VAII and the death Df the benelaclor) and the executor is satisfied that the propety In question will not be required to satisfy claims in the estate. Receipt of a legacy musl be recognised when il is probable that il will be received and the fair value ol the amount receivable, which will generally be the expected cash amount to b8 distributed ta the Company, can be reliably rneasured. Income tax recoverable in relation to donations received under Gift Aid or deeds of Covenant is recognised at Ihe time of the donalion, Investment income is recognised at the lime the investment income is receivable. 2.4 Exp•ndlturn Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a Ihird party, it 1$ probable that a transfer of economic benefits 11 be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The cost8 of each activity are made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each activity. Dlrect costs attrlbulable lo a single aclivlty are allo¢aled dlrectly to that actlvily. Shared costs iGh contribute lo more than one activity and support costs thlch are not attributable to a single activity are apportioned beeen those activities on a basis consistent wlh the use of resourcès. Cential staff costs are allocated on the basis of lime spent, and depreciation charges allocaled on Ihe porlion of the assets use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objeclives, as well as any a$so¢ialed support ¢o$l$. Granls payable are charged in Ine year when the offer is made 8xcept in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject lo Conditions which have not been met al the year end are noted a3 8 commitment, bul nol accrued as expenditure. All expenditure is inclusive of Irrecoverab VAT. 2.5 Intor•st rocolvab nterest on funds held on deposit is included vthen receivable and the amount can be measured reliably by the Company.. this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Page 18
MISSION AFRICA (THE QUA IBOE FELLOWSHIPI IA Company Limited by Guarantge) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 Accountlng pollGS0$ (conllnued) 2.6 Tangible fixed assgts and d8preclatlon Tangible fixed assets costin9 £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixèd assèts arè measured al cosl less accumulated depreciation and any accumulated impairmènt losses. All costs incurred lo bring a tangible fixed asset into its intended working condliion should be included in the measurement of cost. Depreciation ig charged so as lo allocate the cost of tangible fixed assels less Ih8ir residual value over their estimated us•lul lives, using the slraighl.line method. Depreciation is provided on the following basis.. Freehold propety Plant and machinery Motor vehicles Not depreciated 25'h Slraighl line 25•A Straight line 2.7 Investm•nts Fixed asset Snvestments a a form of financial instrument and are initially recognised al Ir transacts'on cost and subsequently measured at fair value al the Balance Sheet date, unks8 the value cannot be measured reliably in which case111s measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are comblned and presented as 'Gain¥llLosses> on Invèstments, In the Statement ol Flnancial Actlvllbes. 2.8 Debtors Othèr debtors are recognised at the seluemenl amount after any discount offered. Prepayments are valued al the amount prepaid nel of any discounts due. 2.9 C•sh at bank and in hand Cash al bank and in hand in¢lude$ cash and short-term highly liquid investments with a short maturity of three monlhs or less from the dale of aGquisib'on or opening of the deposlt or similar account. 2.10 Llabllltle8 and prov191ong Liabilities are recognised en there is an obligation at the Balance Sheet date as a sU1¢ of a past evenl. it is probable that a transfer of economic benefit wll b8 requlred In settlement, and Ihe amount of the settlement Gan be estimated reliably. Liabilits"es are recognised al Ihe amount that the Company anticipates rt will pay to setlle the debt or the amount it has received as advanced payments for the goods or services it must provide. 2.11 Financial instrurnents The Company onty has financial assets and financial liabilities of a kind that qualify as basic flnan¢ial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlernent value. Page 19
MISSION AFRICA (THE QUA IBOE FELLOWSHIP) (A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 Ac¢ounllng pollclas (contlnued) 2.12 Operating leases Rentals pald under opèrating leasos are charged to the Statement of Financial Acllvllles on a slraS9hl line basis over the lease tem. 2.13 Pènsions The Company operate$ a deflned contribution pension scheme and the penslon charge represents the amounts payable by the Company to the fund in respect of Ihe year. 2.14 Fund a¢counUng General funds are unrestricted funds 1¢h are avaikble for use at the discretion of the Council in furtherance of the general objectives of the Company and which have not been designated for other purposes. Designated funds comprise unrestrlcted funds that have been set aside by the Council for particular purposes. The aim and use of each designated fund is set out in the notes to the financial slatemenls. Restricled lundg are lundg which are lo b• used in accordance with specific re?triclions imposed by donors or which have been raised by the Company for particvlar purposes. The costs of raising and administering such funds are charged a9ainsl the specific fund. The aim and use of each restricted fund is set out in the nolos to the flnancial statements. Investment Sncome, gains and losses are alloGaled to the appropriat• fund. Critical accountSng •$timat•8 and areas of judgment The preparation of the financial statemenls requires the use of certain crili¢al a¢¢ounllng eslirnales. It also requires management to exercise judgement in apptying the charitable company's accounting policies. The areas involving a higher degree of judgement or complexity. or areas vthere assumptions and egtimates are significant to the financial Stalernents, include.. The valuation of listed investments Estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the e81imale is revised and in any future period$ affoGled. Page 20
M18810N AFRICA ITHE QUA IBOE FELLOWSHIP) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 Incom• from donatlons and lego¢1fr8 Unr•strlctod Restrlcl•d funds funds 2025 2025 Total funds 2026 Donation$ 204,393 19,815 10.227 237,220 441,613 19,815 36,912 Legacies Gift-ald tax reclalm 26,685 Total 2025 234,435 263,905 498.340 Unrestrlcted lunds 2024 Resfricted lunds 2024 Total funds 2024 Donations Legacles Gift-aid tax reclalm 240,329 56,369 7,083 252,803 493. 132 56, 369 28,385 21,302 Tolal 2024 303, T81 274, 105 577,886 Page 21
MISSION AFRICA (THE QUA IBOE FELLOWSHIP) (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 Investrnent incom? Unrn8trlcted R•gtrf¢ted funds funds 202S 2023 Tolal funds 2025 Income Irom listèd investm•nl8 Investment income- cash deposits 52,029 1,645 206 52,235 1,645 Total 2025 53,674 206 53,880 UnSInCted funds 2024 Restrlcted funds 2024 Tot81 funds 2024 Income from118ted investments Investment Income - cash deposlts 43.896 5,031 936 44,832 5,031 Total 2024 48,927 936 49,863 Analyslg of grants Grant8 to Instltutlons 2025 Total fund3 2025 Partner Churches Ihroughout Africa 11,613 11,613 Grants to Inslitulions 2024 Total funds 2024 Partner Churches throughout Africa 11,600 11,600 Page 22
MISSION AFRICA (THE QUA IBOE FELLOWSHIP) IA Company Limited by Guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 Anolysls of expenditure on charltable actlvltle• Summary by fund type Unr•strl¢ted Rastrlciod funds fund¥ 2025 2025 Total 2025 Advancement of Chrisllanlty, education and th• reliet of poverty in Africa 390,357 177,890 568,247 UnreslrlGted lunds 2024 Reslricled funds 2024 Total 2024 Advancement of Christianity, education and the rellef of poverty in Africa 456,286 257, 138 713,424 Analysls of oxpendltur• by actl¥St1o8 Activitiè• undortak•n directly 2025 Grant funding of actlvltiès 2025 Support costs 2025 Total funds 2025 Advancemenl of Christianity, education and the relief of poverty in Africa 285.563 11,613 271,071 568,247 ActNitS undertaken directly 2024 Grant funding ol aclivities 2024 Support cosls 2024 Total funds 2024 Advancement of Chri$ts"anily, education and the relief of poverty in Afn'ca 367.319 11,600 334,504 713,423 Page 23
MISSION AFRICA ITHE QUA IBOE FELLOW8HIP) (A Company Lirnited by Guarantee) NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 Auditorg. remuneration 2025 2024 Fees payable lo the Company's auditgf for the audit of the Company's annual aGcount$ 17,927 6.420 Fees payable to the Companls auditor in respect of.. All non-audil services not included above 2.860 2,751 10. Not movomont In funds¥ 2025 2024 Depreciation Auditor's remuneration Staff pension costs 850 20,787 20,762 (1.481) 9,871 21,966 42,399 30,356 11. Stsff cost• 2025 2024 Wages and salaries Soclal security costs Contribution lo defined conlribulion pension schemes 243,511 6,160 20,762 255,024 11,710 21,966 270,433 288, 700 The average number of persons employed by the Company during the year was as follovrt.. 2025 No. 2024 No. Home slaff Missionaries Retired workers Returned Missionaries. 10 22 22 No employee received rernuneration amounting lo more than £60,000 in either year. During the year key management personnel received remuneration lolalling £47.59812024. £20, 110). Page 24
MISSION AFRICA (THE QUA IBOE FELLOWSHIPI (A Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 12. Council's remuneration and expenses During the year. no Council received any remunerallon or other beneflts (2024 - £NIL}. Ouring the year ended 31 January 2025, no Council expenses have been incurred (2024 - £NIL). 13. Tangiblo fixèd asséts Fr••hold prop•rty Plint and m•chln•ry Motor v•hl¢l•8 Total Cost or valuation Al 1 February 2024 Additions Disposals 150,000 26,020 4.310 110,0811 31,987 2.929 13,0001 208,007 7.239 1163,081) 1150.0001 Al 31 January 2025 20,249 31,916 52,165 Dopv•clatlon At 1 February 2024 Charge for thè year On disposals 8,157 3,301 31,987 549 13,0001 40,144 3,850 (3,000) At 31 January 2025 11,458 29,536 40,994 Net book value Al 31 January 2025 8,791 2,380 11,171 At 31 January 2024 150.000 17,863 167,863 Page 25
MISSION AFRICA (THE QUA18OE FELLOWSHIP) (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 14. Fixed asset inveslments Llsted Snveslments Cost or valuation At 1 February 2024 Additions Disposals Revaluation8 1,144,749 553,875 1625,531) 76,258 Al 31 January 2025 1,149,351 Net book value Al 31 January 2025 1,149,351 At 31 January 2024 1. 144,749 15. Debtors 2026 2024 Due wlthln on8 yaar Prepayrnents and accrued income 36,278 25,120 36,278 25, 120 Page 26
MISSION AFRICA (THE QUA IBOE FELLOWSHIP) (A Company Limited by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 18. Creditor¥: Arnounts falllng due wlthln ono year 2025 2024 other tsxalion and social security other creditors Accfuals and deferred income 2,332 7,526 24,565 2, 723 27,854 25. 185 34,423 55, 762 17. Flnancial instruments 2025 2024 Flnanclal assets Financial assels measured al fair value through Income and expenditure 470,973 154,614 Financial assets measured al fair value through income and expendllure comprlse cash & cash equivalents. Page 27
MISSION AFRICA (THE QUA IBOE FELLOWSHIP) (A Company Limitod by Guarantee) NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 JANUARY 2025 18. Ststement of funds ststement of funds - current year Balance at 1 F•bruary 2024 Balance at Galnsl 31 J•nuary (Log90s) 2025 Tran8fors inlout Income Expènditura Unr•strlct•d funds Designated fund8 Reb'red workers 168.372 {17,317) 151.055 Investment property 4,877 (4,677) 173,Q49 (17,317 (4,677) 151,055 General lunds General Funds 941,878 288,109 (373,040 4,677 212,794 1,074,218 Totsl Unrèstricted funds 1,114,727 288,109 (390,357) 212,794 1,22S,273 R•strictad funds Theologi¢al Colleges Theological Educallon Literature Chad Medical Holley Memorial Hospital Burkina Faso Sundry and other projects Short Term College End0)ent 3,106 13,105 (13,S97 2,614 6,109 14,428 21,574 79.268 6,608 3,776 11,554 74,495 12,377 15,145 33,128 157,196 13,058 {20,S42 23,975 22,656 11,530 7,742 35,342 19,383 141.205 21,015 5,667 65,183 22,443 B7,2S2 111,038 167,326 {5,604) 70,984 19,926 24.408 18,371 25,300 29,924 206 24,614 Home Allowan¢* Special Appeal Adrian Adger (18,3711 1.589 26,889 18.523 111,401) Page 28
MISSION AFRICA (THE QUA IBOE FELLOWSHIP) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 18. 8tstom•nt of funds {¢ontinued) ststement of funds - turrent year (continued) Balancè at 1 February 2024 Balanco at Galngl 31 January (L03$081 2025 Trnnsf•rs Inlout Incom• Expenditure 321,857 264,111 1177,890) 408,078 Totsl ot fund8 1,436,584 562,220 1568,247) 212,794 1,633,351 Statement ol funds - prior year 8alanGe ar l February 2023 88lance at Gginsl 31 January (Loss8s) 2024 Transfers in/oul Income Expenditur& Unr•$tricted fund8 Do6ignated funds Retired workers Field Treasurer8 Investment property 185, 689 47,177 (17,317) 168,372 (47, 177) 6, 430 fl, 753) 4,677 239,296 (19.070) (47, 177) 173,049 Goneral funds General Funds 1,039,682 352, 708 (437.351) 38,979 (52,340) 941,678 Total Unre8tricted fund• 1,278,978 352, 708 (456,421) {8, 198) (52,340) 1.114,727 Restrictod funds Theological Colleges Theological Education 9,116 (6,070) 3,106 8.267 11,373 14, 160 (5,591) (3.823) (4,900) 3,433 4. 722 5, 880 6,109 14,428 21,574 Literature 2,156 6,434 Pag8 29 Chad
MISSION AFRICA (THE QUA IBOE FELLOWSHIP {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 18. Statement of funds l¢ontlnuedl Statement of funds - prior year (continued) Balance ai l February 2023 Balance at Gains/ 31 January (Losses) 2024 Transfers in/out Income Expenditu Qua Iboe ChLJrch Missionaries Medical Holley Memorial Hospital Burkina Faso In Memory Of Sundry and other projects Short Term College Endowment Home Allowance Gift-Aid Vlsilors Passage and Travel Special Appeal Adrlan Adger 440 45,258 (623) (28,561) 183 18,793 43, 778 79,268 15,416 2, 339 45, 346 (1,500) (33,816) {951) 6,401 22,656 11,530 672 279 46,829 12,421 56, 807 87,401 (57,898) (113, 175) 19,445 13.353 65, 183 76,585 12,583 86. 775 936 563 6,887 5,225 (86, 775) 24,408 18,371 205 3, 628 21,144 (290) 85 1,507 8, 780 20, 165 25,300 29,924 295. 756 275,041 {257, 138) 8,198 321,857 Total of fund8 1,574, 734 627, 749 (713, 559) (52, 340) 1,436,584 Page 30
MISSION AFRICA {THE QUA IBOE FELLOW8HIPI IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 19. Summary of funds Summary of funds- current year Balance at 1 F¢bruary 2024 Balance at G•lnsl 31 January (Losses) 2025 Transf•r$ Inloul Income Expendlturo Designal•d funds General funds Restricted funds 173,049 941,678 321,857 117,317) {373,0401 1177,890) {4,677) 4,677 151,055 1,074,218 408,078 288,109 264,111 212,794 1.436,584 552.220 1568,247) 212.794 1.633.351 Summary of funds- prior year Balance al l February 2023 B81ance at G8inW 31 January (Losses) 2024 Transfer5 in/out InGorne Expenditure Designated funds General funds Restricted funds 239. 296 1,039, 682 295, 756 (19,070) (437,351) (257, 138) (47,177) 38,979 8,798 173,049 94t,678 321,857 352, 708 275,041 (52, 340J 1,574, 734 627, 749 (713,559J {52,340) 1,436,584 20. Analysis of net assets between fund8 Analysls of n•t a8••t• betwgon fundg - current P•Tlod Unrestrlcted ReStCled funds funds 202S 2028 Total funds 2025 Tangible fixed assets Fixed asset investments Current assels Creditors due bmthin one year 11,172 1.149,351 99,173 {34,422) 11,172 1,149,351 507,251 134,4231 408.078 Total 1.225,273 408.078 1,633,351 Page 31
MIS8ION AFRICA (THE QUA IBOE FELLOWSHIP) IA Company Limitgd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 JANUARY 2025 20. Analysis of net assets betwgen funds (continued) Analysis of net a880ts between funds - prlor period Unreslricted funds 2024 Restiicted fvnds 2024 Total funds 2024 Tangible fixed assets Flxed asset investmènts Current assels Creditors due within one year 55,257 1,056,080 59.157 (55, 762) 112.612 88,669 120,576 167,863 1, 144, 749 179, 733 (55, 762) Totsl 1,114,727 321,857 1.436.584 21. R¢¢on¢lllatlon of net movement in fundg to net calh flow from oparating activities 2023 2024 Net incomelexpenditure for the period las per Statement of Financial ActivleS) 36.864 (138,015) AdJustrnonl8 for: D•preclatlon charge8 Gain$l(losses) on Investments Dividends, interests and renls from inve51menls Decreasel(Increase) In debtors Increasel{decfease) in Gredi1gr$ 850 (52,881) (53,880) {11,168) (21,339) (1,481) 86,217 (49,863) 366 46, 554 Net Ga¥h usfrd In oper•ting a¢tlviti•i {101,$54) (56, 222) 22. An•lyslg of ¢a•h and cagh oqulval•nts 2025 2024 Cash in hand 470,973 154,614 Total c¥8h and cash equivalents 470,973 154,674 Page 32
MISSION AFRICA {THE QUA IBOE FELLOWSHIP) (A Company Limited by Guarantee) NOTES ro THE FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 31 JANUARY 2025 23. Analysi8 of changes In not debt At1 February 2024 Cash flov At31 January 2025 Cash at bank and in hand 154,814 316,359 470,973 154,614 316.359 470.973 24. Penslon commltment8 The charity operates a defined contribution pension scheme. The pension cost charge for the period represents conl(ibutsons payable by the charity lo the scheme and amounted lo £20,762 {2024'. £21,966). Contributions tolalling £2,759 {2024. £8,347) were outstanding at the balance sheet date. 25. Opèrating lease commitments At 31 January 2025 the Company had commllménts lo make futurè mlnlmum leaso payments under non- cancellable operallng leases as follows.. 2025 2024 Not laler Ihan 1 year Latér than 1 year and nol later than 5 years 11,863 36,900 4,193 763 48,463 4.956 The followlng lease payments havè been recognlged as an expense In the Statement of Flnancial Aclivilies.. 2025 2024 Operating lease rentals 11.563 12.578 Page 33
MISSION AFRICA ITHE QUA IBOE FELLOWSHIP) IA Company Llmlted by Guarante?) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 26. Related party transactions There were no related party transactions in Ihe year, 27. PAASE dlsclosure In common with many other charitles of our slze and nature, we use our auditors to a5$131 vilh the preparation of financial stalemenls. 28. Post balan sheet events Council c'onfirm that Ihere have been no events $ince the balance sheet date which materially affect the financial statements. 29. Controlling party The Charity is conlrolled by the Council fflembers who are also Trustees and Direclors of Mission Africa (The Qua Iboe Fellowship) lor the purposeg of Charity and Company law. Page 34