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 lo￿ard
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 InfO￿atIOn
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 kno￿edge 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 be￿een 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 I￿￿r
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
Un￿SInCted
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
ActNit￿S
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 ReSt￿Cled
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
Activ￿leS)
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