MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JANUARY 2026
| Note Income from: Donations and legacies 4 Investments 5 Total income Expenditure on: Charitable activities 7 Total expenditure Net (expenditure)/income before net gains on investments Net gains on investments Net movement in funds before other recognised gains/(losses) Other recognised gains/(losses): Other gains Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2026 £ 274,050 42,319 316,369 397,064 397,064 (80,695) 106,451 25,756 - 25,756 1,225,273 25,756 1,251,029 |
Restricted funds 2026 £ 269,006 - 269,006 256,369 256,369 12,637 - 12,637 - 12,637 408,078 12,637 420,715 |
Total funds 2026 £ 543,056 42,319 585,375 653,433 653,433 (68,058) 106,451 38,393 - 38,393 1,633,351 38,393 1,671,744 |
Total funds 2025 £ 498,340 53,879 552,219 568,247 568,247 (16,028) 52,881 36,853 159,913 196,766 1,436,585 196,766 1,633,351 |
|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 16 to 32 form part of these financial statements.
Page 13
MISSION AFRICA (THE QUA IBOE FELLOWSHIP) (A Company Limited by Guarantee) REGISTERED NUMBER: R0000611
BALANCE SHEET AS AT 31 JANUARY 2026
| Note Fixed assets Tangible assets 13 Investments 14 Current assets Debtors 15 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 16 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 18 Unrestricted funds Designated funds 18 General funds 18 Total unrestricted funds 18 Total funds |
18,597 392,745 411,342 (21,175) 136,738 1,114,290 |
2026 £ 10,434 1,271,142 1,281,576 390,167 1,671,743 1,671,743 1,671,743 420,715 1,251,028 1,671,743 |
36,278 470,973 507,251 (34,423) 151,055 1,074,218 |
2025 £ 11,172 1,149,351 |
|---|---|---|---|---|
| 1,160,523 472,828 |
||||
| 1,633,351 | ||||
| 1,633,351 | ||||
| 1,633,351 | ||||
| 408,078 1,225,273 |
||||
| 1,633,351 |
The Council acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Council on 07 July 2026 and signed on their behalf by:
................................................
Naomi Barfoot (Chair of Council)
Page 14
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY 2026
| Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Dividends, interests and rents from investments Proceeds from the sale of tangible fixed assets Purchase of tangible fixed assets Proceeds from sale of investments Purchase of investments Net cash provided by investing activities Cash flows from financing activities Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year The notes on pages 16 to 32 form part of these financial statements |
2026 £ (101,134) 42,319 - (4,073) 84,531 (100,141) 22,636 - (78,498) 470,973 392,475 |
2025 £ (101,555) 53,880 320,973 (7,239) 604,174 (553,875) 417,913 - 316,358 154,615 470,973 |
|---|---|---|
Page 15
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
1. General information
Mission Africa is a charitable company limited by guarantee and is incorporated and registered in Northern Ireland under company registration number R0000611. It is a registered charity with the Charities Commission in Northern Ireland under number NIC102150.
The charitable company's registered office is situated at 14 Glencregagh Court, Belfast, BT6 0PA.
The principal activities of the company are the advancement of Christianity, education and the relief of poverty in Africa through voluntary work and financial assistance of charitable projects.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Mission Africa (The Qua Iboe Fellowship) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
The charitable company's activities, together with the factors likely to affect its future development, performance and financial position are set out in the Councils' Report. The financial position of the charity, along with its policies and processes for maintaining current activity, managing its funding and its financial risk management are also set out in the Councils' Report.
The charity meets its day to day working capital requirements through donations & legacies. The charity’s forecasts and projections, taking account of reasonably possible changes in operating performance, show that the charity will be able to operate within its current facilities.
After making enquiries, the Council have a reasonable expectation that the charity has adequate resources to continue in operation for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
Page 16
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
2. Accounting policies (continued)
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Investment income is recognised at the time the investment income is receivable.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the assets use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when 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 17
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
2. Accounting policies (continued)
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £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 fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Plant and machinery - 25% Straight line Motor vehicles - 25% Straight line
2.7 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
2.8 Debtors
Other debtors are recognised at the settlement amount after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.11 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.12 Operating leases
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.
Page 18
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
2. Accounting policies (continued)
2.13 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
2.14 Fund accounting
General funds are unrestricted funds which are available 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 unrestricted 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 statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Critical accounting estimates and areas of judgment
The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the charitable company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, include:
- The valuation of listed investments
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.
Page 19
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
4. Income from donations and legacies
| Unrestricted funds 2026 £ Donations 192,608 Legacies 74,995 Gift-aid tax reclaim 6,447 Total 2026 274,050 Unrestricted funds 2025 £ Donations 204,393 Legacies 19,815 Gift-aid tax reclaim 10,227 Total 2025 234,435 |
Restricted funds 2026 £ 263,522 - 5,484 269,006 Restricted funds 2025 £ 237,220 - 26,685 263,905 |
Total funds 2026 £ 456,130 74,995 11,931 543,056 |
|---|---|---|
| Total funds 2025 £ 441,613 19,815 36,912 498,340 |
Page 20
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
5. Investment income
| Income from listed investments Investment income - cash deposits Total 2026 Income from listed investments Investment income - cash deposits Total 2025 |
Unrestricted funds 2026 £ 38,395 3,924 42,319 Unrestricted funds 2025 Restricted funds 2025 £ £ 52,029 206 1,645 - 53,674 206 |
Total funds 2026 £ 38,395 3,924 42,319 |
|---|---|---|
| Total funds 2025 £ 52,235 1,645 53,880 |
6. Analysis of grants
| Partner Churches throughout Africa Partner Churches throughout Africa |
Grants to Institutions 2026 £ 4,500 Grants to Institutions 2025 £ 11,613 |
Total funds 2026 £ 4,500 Total funds 2025 £ 11,613 |
|---|---|---|
Page 21
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
7. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2026 £ Advancement of Christianity, education and the relief of poverty in Africa 397,064 Unrestricted funds 2025 £ Advancement of Christianity, education and the relief of poverty in Africa 390,357 |
Restricted funds 2026 £ 256,369 Restricted funds 2025 £ 177,890 |
Total 2026 £ 653,433 |
|---|---|---|
| Total 2025 £ 568,247 |
8. Analysis of expenditure by activities
| Advancement of Christianity, education and the relief of poverty in Africa Advancement of Christianity, education and the relief of poverty in Africa |
Activities undertaken directly 2026 £ 362,340 Activities undertaken directly 2025 £ 285,563 |
Grant funding of activities 2026 £ 4,500 Grant funding of activities 2025 £ 11,613 |
Support costs 2026 £ 286,593 Support costs 2025 £ 271,071 |
Total funds 2026 £ 653,433 Total funds 2025 £ 568,247 |
|---|---|---|---|---|
Page 22
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
9. Auditors' remuneration
| 2026 | 2025 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Company's auditor for the audit of the Company's | ||
| annual accounts | 18,580 | 17,927 |
| Fees payable to the Company's auditor in respect of: | ||
| All non-audit services not included above | 2,970 | 2,860 |
10. Net movement in funds
| Depreciation Auditor's remuneration Staff pension costs |
2026 £ 4,810 21,550 20,745 47,105 |
2025 £ 850 20,787 20,762 42,399 |
|---|---|---|
11. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2026 £ 222,720 11,381 20,745 254,846 |
2025 £ 243,511 6,160 20,762 |
|---|---|---|
| 270,433 |
The average number of persons employed by the Company during the year was as follows:
| Home staff Missionaries Retired workers Returned Missionaries |
2026 No. 7 7 4 1 19 |
2025 No. 6 10 5 1 |
|---|---|---|
| 22 |
No employee received remuneration amounting to more than £60,000 in either year.
During the year key management personnel received remuneration totalling £51,581(2025: £47,598).
Page 23
MISSION AFRICA (THE QUA IBOE FELLOWSHIP) (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
12. Council's remuneration and expenses
During the year, no Council member received any remuneration or other benefits (2025 - £NIL) .
During the year ended 31 January 2026, no Council member's expenses have been incurred (2025 - £ NIL) .
13. Tangible fixed assets
| Cost or valuation At 1 February 2025 Additions At 31 January 2026 Depreciation At 1 February 2025 Charge for the year At 31 January 2026 Net book value At 31 January 2026 At 31 January 2025 |
Plant and machinery £ 20,249 4,073 24,322 11,458 4,078 15,536 8,786 8,791 |
Motor vehicles £ 31,916 - 31,916 29,536 732 30,268 1,648 2,380 |
Total £ 52,165 4,073 56,238 |
|---|---|---|---|
| 40,994 4,810 45,804 |
|||
| 10,434 | |||
| 11,171 |
Page 24
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
14. Fixed asset investments
| Cost or valuation At 1 February 2025 Additions Disposals Revaluations At 31 January 2026 Net book value At 31 January 2026 At 31 January 2025 |
Listed investments £ 1,149,352 100,141 (82,087) 103,736 |
|---|---|
| 1,271,142 | |
| 1,271,142 | |
| 1,149,352 |
15. Debtors
| Due within one year Prepayments and accrued income |
2026 £ 18,597 18,597 |
2025 £ 36,278 36,278 |
|---|---|---|
Page 25
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
16. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals and deferred income |
2026 £ 3,600 4,634 4,738 8,203 21,175 |
2025 £ - 2,332 7,526 24,565 |
|---|---|---|
| 34,423 |
17. Financial instruments
| 2026 | 2025 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 392,745 | 470,973 |
Financial assets measured at fair value through income and expenditure comprise cash & cash equivalents.
Page 26
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
18. Statement of funds
Statement of funds - current year
| Unrestricted funds Designated funds Retired workers General funds General Funds Total Unrestricted funds Restricted funds Theological Colleges Theological Education Literature Chad Medical Holley Memorial Hospital Burkina Faso Sundry and other projects Short Term College Endowment Special Appeal Adrian Adger Total of funds |
Balance at 1 February 2025 £ 151,055 1,074,218 1,225,273 2,614 12,377 15,145 33,128 157,196 21,015 5,667 70,984 19,926 24,614 26,889 18,523 408,078 1,633,351 |
Income £ - 316,368 316,368 1,878 1,576 2,942 3,470 50,817 5,450 56,238 20,200 126,435 - - - 269,006 585,374 |
Expenditure £ (14,317) (382,747) (397,064) (5,319) (8,529) (1,567) (4,405) (40,721) (6,476) (45,400) (23,593) (116,843) - (3,516) - (256,369) (653,433) |
Transfers in/out £ - - - 9,090 - - - - - - - - - (9,090) - - - |
Gains/ (Losses) £ - 106,451 106,451 - - - - - - - - - - - - - 106,451 |
Balance at 31 January 2026 £ 136,738 |
|---|---|---|---|---|---|---|
| 1,114,290 | ||||||
| 1,251,028 | ||||||
| 8,263 5,424 16,520 32,193 167,292 19,989 16,505 67,591 29,518 24,614 14,283 18,523 420,715 |
||||||
| 1,671,743 |
Page 27
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
18. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds Designated funds Retired workers Investment property General funds General Funds Total Unrestricted funds Restricted funds Theological Colleges Theological Education Literature Chad Medical Holley Memorial Hospital Burkina Faso Sundry and other projects Short Term College Endowment Home Allowance Special Appeal Adrian Adger |
Balance at 1 February 2024 £ 168,372 4,677 173,049 941,678 1,114,727 3,106 6,109 14,428 21,574 79,268 22,656 11,530 65,183 - 24,408 18,371 25,300 29,924 |
Income £ - - - 288,109 288,109 13,105 6,608 3,775 11,554 74,495 7,742 35,342 22,443 87,252 206 - 1,589 - |
Expenditure £ (17,317) - (17,317) (373,040) (390,357) (13,597) (340) (3,058) - (20,542) (9,383) (41,205) (11,038) (67,326) - - - (11,401) |
Transfers in/out £ - (4,677) (4,677) 4,677 - - - - - 23,975 - - (5,604) - - (18,371) - - |
Gains/ (Losses) £ - - - 212,794 212,794 - - - - - - - - - - - - - |
Balance at 31 January 2025 £ 151,055 - 151,055 |
|---|---|---|---|---|---|---|
| 1,074,218 | ||||||
| 1,225,273 | ||||||
| 2,614 12,377 15,145 33,128 157,196 21,015 5,667 70,984 19,926 24,614 - 26,889 18,523 |
Page 28
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
18. Statement of funds (continued)
Statement of funds - prior year (continued)
----- Start of picture text -----
Balance at Balance at
1 February Transfers Gains/ 31 January
2024 Income Expenditure in/out (Losses) 2025
£ £ £ £ £ £
- -
321,857 264,111 (177,890) 408,078
-
Total of funds 1,436,584 552,220 (568,247) 212,794 1,633,351
Summary of funds
Summary of funds - current year
Balance at 1 Balance at
February Transfers Gains/ 31 January
2025 Income Expenditure in/out (Losses) 2026
£ £ £ £ £ £
Designated
funds 151,055 - (14,317) - - 136,738
General funds 1,074,218 316,368 (382,747) - 106,451 1,114,290
Restricted funds 408,078 269,006 (256,369) - - 420,715
-
1,633,351 585,374 (653,433) 106,451 1,671,743
Summary of funds - prior year
Balance at Balance at
1 February Transfers Gains/ 31 January
2024 Income Expenditure in/out (Losses) 2025
£ £ £ £ £ £
Designated
funds 173,049 - (17,317) (4,677) - 151,055
General funds 941,678 288,109 (373,040) 4,677 212,794 1,074,218
Restricted funds 321,857 264,111 (177,890) - - 408,078
-
1,436,584 552,220 (568,247) 212,794 1,633,351
----- End of picture text -----
19. Summary of funds
Page 29
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
20. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2026 Restricted funds 2026 £ £ Tangible fixed assets 10,434 - Fixed asset investments 1,179,725 91,417 Current assets 82,044 329,298 Creditors due within one year (21,175) - Total 1,251,028 420,715 Analysis of net assets between funds - prior year Unrestricted funds 2025 Restricted funds 2025 £ £ Tangible fixed assets 11,172 - Fixed asset investments 1,149,351 - Current assets 99,173 408,078 Creditors due within one year (34,423) - Total 1,225,273 408,078 21. Reconciliation of net movement in funds to net cash flow from operating activities 2026 £ Net income for the year (as per Statement of Financial Activities) 38,393 Adjustments for: Depreciation charges 4,810 Gains on investments (106,451) Dividends, interests and rents from investments (42,319) Decrease/(increase) in debtors 17,681 Decrease in creditors (13,248) Net cash used in operating activities (101,134) |
Total funds 2026 £ 10,434 1,271,142 411,342 (21,175) 1,671,743 Total funds 2025 £ 11,172 1,149,351 507,251 (34,423) 1,633,351 2025 £ 36,853 850 (52,881) (53,880) (11,158) (21,339) (101,555) |
|---|---|
Page 30
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
22. Analysis of cash and cash equivalents
| Cash in hand Total cash and cash equivalents |
2026 £ 392,475 392,475 |
2025 £ 470,973 |
|---|---|---|
| 470,973 |
23. Analysis of changes in net debt
| Cash at bank and in hand | At 1 February 2025 £ 470,973 470,973 |
Cash flows £ (78,228) (78,228) |
At 31 January 2026 £ 392,745 392,745 |
|---|---|---|---|
24. Pension commitments
The charity operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £20,745 (2025: £20,762). Contributions totalling £1,888 (2025: £2,759) were outstanding at the balance sheet date.
25. Operating lease commitments
At 31 January 2026 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:
| Not later than 1 year Later than 1 year and not later than 5 years |
2026 £ 10,800 26,100 36,900 |
2025 £ 11,563 36,900 |
|---|---|---|
| 48,463 |
The following lease payments have been recognised as an expense in the Statement of Financial Activities:
| 2026 | 2025 | |
|---|---|---|
| £ | £ | |
| Operating lease rentals | 11,563 | 11,563 |
| - | - |
Page 31
MISSION AFRICA (THE QUA IBOE FELLOWSHIP)
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
26. Related party transactions
There were no related party transactions in the year.
27. PAASE disclosure
In common with many other charities of our size and nature, we use our auditors to assist with the preparation of financial statements.
28. Post balance sheet events
Council confirm that there have been no events since the balance sheet date which materially affect the financial statements.
29. Controlling party
The Charity is controlled by the Council members who are also Trustees and Directors of Mission Africa (The Qua Iboe Fellowship) for the purposes of Charity and Company law.
Page 32