Abaana Ministries Trustees, Report and Financlal Statements 31 December 2023 A20 2S10912024 COMPANIES HOUSE #71 Atsaana Ministries Company No.. Nl 33513 Trustees Colin Caughey (resigned 11 Sep-23 Lynne Gibson {appolnled 5 Jul-23) Noel Gordon Oavid Manning Axchie McAvoy MBE Dr Gillian M¢Bride Martin Pitt Sharon Slack Jonathan Young Chalr Or Gillian McBfide Se¢retory Scott Baxter CEO Scott 8axt8r Auditorg AAB Group Accountants Limited 1-3 Arthur Street 8eHa8t BT14GA Bank•r4 Flrst Trust Bank 85 Main Street 8angor BT20 48A Reglstered Offlco 78 High streèt Bangor Co Down BT20 5AZ HMRC Charity Reglstrallon Numb•r XR 23866 Charlty Commlssion for Northern Ireland Reglstratlon Number 102174 Aoaana Minisiries Trustees, report For year ended 31 December 2023 The Trustees present their report and the audited financial statements for the year ending 31 December 2023 which have also been prepared to meet the requirements for a directors. report and accounts for Companies Act 2006 purposes. The financial statements comply with charity and company law, the Memorandtsrn and Articles of Association and Accounting and RetN)rting by Charitiés: Statement of Recommended Practice applicable to charities preparing iheir accounts in accordance with the Financial Reporting Standafd applicable in Ihe UK and Republic of Ireland {FRS 102) (effective l January 2019). Chalr's report 2023 provided evidence that the activities of Abanna were reluming to pre-covid levels. We were encouraged lo see three teams from Northem Ireland travelling lo Uganda lo support and engage in the work. Furthermore. thè planning for The Abanna Children's choir ￿Surned in anbcipation of the 2024 lour, which is the first since 2019. Th•s is a welcomed retum. During the year we saw the completion of various constructson projects in Uganda. In Oecember we celebrated with the local community when we officially opened the new classroom block at si Mary's. New Life Homes continues to play a vital role in providing Street children with a stable background and an opportunlty to rebuild thair lives. In Novembèr w8 Increased the enrolment lo the maximum allowable. Plans lo re-locate to new premises in Main Street. Bangor have slowed in the later part of the year. However, the momentum and desire to relocatè remain5 and the Board contintses to support the clear need for the move. A8 a Board, we continue to rècognise the enomious conlrlbution lo the work ol Abaana made by staff, volunieers, and supporters across the UK and wider afield, as together we seek to bring hope to children living in povety in Uganda. Purpou• •nd acllvltl¢s Abaana Ministries, principal actlvity, as set out in The Memorandum and Articles of Associatlon Is Ihe reliel of poverty in the Alrican continent. and the relief of those in need, by reason of youth, age. ill health, disability, financial hardship or other disadvantage and to educate the general public regarding povèty and the spiritual needs of these people and the advancernent of the Christian faith. This is primarily achieved through building schools. sponsoring children to ènable thern lo receive an education. provlding food and basic medical care lo children living on the streets. rescuing children from the streets, providing clean water supplies by building wells. Installing pumps and supporting farming and microfinance projects in partner communities. The ft)cus of our work has continued to be in the county of Uganda in Ihe Current year. The overall vislon of Abaana Is to see the children of Afrtca have their needs met. Iheir rlghts upheld and their hopes ftJlfill8d. In shaping the objeclives for the year and planning our activities the Trustees have considered a number of key components, namely the financial resources available. priorilised projects in Uganda and the on-going needs of existing key programmes. The work of the charity is undertaken in partnership wilh locally based charitable organisalions in Ihe country of operation. In the past year activities have been undertaken in partnership with Abaana Ministries Uganda Ltd. a separate legal entily ￿gIStered and operating in Uganda wilh its own goveman¢e. management and staffing arrangements although we provide support and advice through the provision of an independent Board member. The strategies employed lo achievè the charity's aims and objectives include regular production of management accounting inforfnation, oversight by Trustees of key deliverables and progress made. in raising funds for activities, overse8ing building and other work on our prolects. a detailed Grant Agreement process lor funded programmes with spwfied outcomes and posl- project delivery review. ADaana Miniswes Trustees, report For year endod 31 DKemb•r 2023 ole of volunteers The financial slatements set out the results for th8 year but do not reflect the very considerable and vital support given lo Abaana by volunteers. Locally, volunteers help to run our chanty shop. fijndraise and prepare mail outs. Overseas, they make up the teams vthich travel to Uganda and cary (yut building and other work across our projects. Achlov•ments and performanc• Revlew of a¢llvttles: Raising of support The planned arrival of the New Lffe Cholr in 2024 has focussed efforls on contacting potentlal venues lo host the choir in 2024. This has led to a sizeable number of fresh contacts that will facilitate the grovAh of the Abaana support base in 2024. Furthermore, within the year we received funding Irom the Govemment of Guemsey to complete a major ¢onstructlon project. We recognise the opportunrties to develop such funding streams in the future. We also recognise that social media continues to play a key role in both communicating with our SUPPOrters and raising fijnds, This was highllghted wlth our Successful Christmas Glft Fundraising communication. Support ol Schools Over 7.000 ¢hildren attend 17 Abaana-8UPPOrted primary schools. The maln source of income lor these schools Gomes from sponsored kids. with an estimated three children paying lawer subsidised rates lor every one child sponsored at the School. Sponsorship Income provides an assured fundlng stream for the schools to pay teachers and run the School. Child SpOnso￿hlp Durlng 2023, 1.91)O chlldren received direct 8UPPOrt under the Abaana Chlld Spon8OTship Stherne. The children norrnally attend the 17 Abaana primary schools or variou5 Other secondary or vocatlonal schools. Sponsorship, in addition to paying for a child's school fees, provkJ8$ exercise books and stalionery. as well as both a school uniform and basic medical are, when required. Chrtstmas Gift Scheme The annual Child Sponsorship Christm8s Grfi Appeal ralsed a record £49,049 which enabled each child lo ￿e1Ve 8 Christmas gift. Essential lood items such as rice. beans and cooking oll were supplemeftted wrf(h personal gifts and Christmas Ireats. Mosquito nets, bedding and towels were alr•O included in many of the Gtft packs. The continued generosty of our Child sponsors and donors enables not only the children but their familles to enjoy the opportunity of belng able lo cook Christmas meals for thelr famllies and fn'ends. New Life Homes Project and Streel Reach In th8 final months 012023 New Life homes undertook a major push to lift the number of boys lo Ihe maximuffl capacity of 28. The new boys have settled into the stable and supportive environmenl that New Lrfe Homos offers. We conlinue to worf( wth outside partners and government agencies to identify children whts e8n benefit from a Ilfe away from the streets. Our aim Is a￿ayS lo resettle the boys back into a Supportive family environment where their needs are best met. Providing the opportunity of education, meeting basic medical needs and the provision of counselling allow the boy$ the chanGe to make a new starL New Life Choir During 2023 plans for New Life Choir 3 have been in the making, th•r arrival due in the UK somellme in January 2024. It is anticipated that twenty children along with three chaperones will travel from Uganda. The selection and trainlng sessions have been ongoing, with a huge amount of work being channelled into making the choir a success. The Covordination of the music, videos and overall content of the choir was cornpleted with considerable investment in time and 8nergy from a number of key people. Aoaana Ministries Trustees, report For year ended 31 December 2023 Furthermore, the team in Bangor have been busy arranging the 65-lour sGhedule for the UK and Ireland and ènsuring that host families are in place, along with finding chaperones. The presence of the Abaana shop continues lo raise awareness of Abaana and provides support and sustainable income for the work. We look forward to the move to new and bigger premises in 2024. Projects range of projects and initiatives were completed acfOSS our various school sites. These included.. Tekoo school - construction of L8lrines and Teachers accommodation block. Northem Schools Faming project - the projecl allowed communities to plant, harvest and mill local crops that provided children at 4 schools with one free meal each day. Zuri Girl - having started the pilot projecl across 3 schools in 2022. provision of education and practical training in making sanitary products was increased lo S Abaana-supported primary schools. Sl. Mary's school - construction of a S-slan¢e latrlne block, installing water harvesting and painting of main school. Rainey Summit- constwction of 3 classroom nursery block. Flnanclal review Income and expenditur8 Incorne lor the year increased lo £1.173,964 {2022'. £993,023). Total expenditure Increased to £1,176,462 {2022.' £947,976) and gro$s expenditure on Charilable Activities increased to £1,077,779 (2022.. £859.162). The amount of money spent on charitable activrties represented 91.6•/0 {2022-. 90.6DA) of total expenditure. Expendlturo £1,176,462 Raising frjnds £9B.683 a Charit*l• a¢lfvrti•s.' £1.OTT.7T9 Expenditure on charltable 8clivlties includes governance costs of £7.92012022: £8,170). Overall, there was a net reductlon in fijnds of £2,498 for the year {2022'. nel increase in funds of £45,047). AJI restricled funds held by Abaana ar8 spent on charitable activities lo benefit children In Afn'ca and where the lunding 15 collected over more than one accounting yéar; individual funds will often show a surplus at the year end and the subsequent year show a deficit. The net poslts'on for each specific fund across multiple accounting periods will be zero. (i.e. any deficit is met from accumulated fund balances). Detailed d8y to day management of the charity endeavours to keep the costs as low as possible without compromising the output and quallty of the activities. Invèslmenl powern and policy The Trustees, having r￿ard to the liquidlly requirem8nts of th8 charity hav8 kept ava5[ab￿ fijnds in an interest-bearing deposit account and seek to achi8ve a rate on deposit. which Matches or Aoaana Minisines Trustees, report For year ended 31 December 2023 exc8eds inflation as measured by the retsil price index. Steps were also taken to maximise the protectton of funds as covered by the Financial Services Compensation Scheme (FSCS). Reserves The Board of Tnjstees ￿vIewS the reserves annually. There are tsvo rAiegories of rèserves". restricted and unrestricted fijnds. Restncted funds are funds subject lo specific conditions imposed by donors. At the end of tha year the total restricted funds were £602,52912022". £613,468). Unrnstricted funds at year end were £600,159 (2022.. £591,718). 11 15 the pollcy of the Board lo ensure that the Charity has sufficient funds to cope with unexpected events. In particular, il alms to have an eamiarked amount in designaled funds to cover 6 months (2022.. 6 months) runniTrJ costs, In 2023 this is £130.000 (2022: £130,000). There is also a designated propety fund of £105,000 (2022: £105,000) representing the net book value of land and building (fvnds which are not readily availab18 as cash), and a d&signated inlrastru¢ture development fund of £200,000 (2022.. £175,000) represenllng monies earmarked for premlses and sothvar8 development. In additlon, the COVID-19 pandemic 012020121 has und8rfined the n88d to b6 able to respond to unprecedented crises and the Board believe the current level of unrestricted gener81 funds 1$ ljolh pnjdent and reasonable. Plans lor luturn penods In 2024 the thlrd Abaana New Life Choir will be arriving from Uganda and will be the first choir since 2019. Plans are at an advanced stage for a 6&venue tour of Ireland and G8. The Choir represents a significant investment in time and resources and is key to raising awareness and funding for Abaana's activlb'es In Ugand8. New Premises During 2022, Abaana commenced negotiations to purchase new offlce and shop premises on Main Street. Bangor. Ongoing delays throughout 2023 has pushed the move into 2024.. The revised plan is to re-locate to the new premises in the second hall of 2024. These premises will significantly enhance potential shop foorfall and facililate the delivery of Ihe suite of sen4ices Abaan8 offers. Relevant fund balances continue to be maintained at the required levels lo facilltate these plans. Organisalional developm8nt Dunng 2023 fijrther work was undertaken in reviewing our current Omega system and the need to find a replac8menl Customer Replacement Management (CRMI system. A part time Finance Manager was appointed within the year. Furthemiore, relevant fund balance5 are being maintalned to deliver on these plans. G￿ng Concem Ttte Trustees have a reasonable expectation that the Organisation has adequate resources to continue for the ftjreseeable lulure as a going concern. Truste0$ The Trustees who served during the year and since the year end are Ilsled on page 1. Structure. Governance and Management Governing Document Abaana Ministries is a company Ilmited by guarante8 governed by Its Memorandum and Artides of Association dated 16 January 1998 and updated on 17 June 2015. ADaana Ministries Trustees, report For year ended 310ecember 2023 Appointment of Tmstees Abaana has a policy of developing ils Board membership to ensure a wide range ol professional expertlse. Where potential candidates for 8oard membership are identified. infomial discussions are held with the Chairperson. followed by attendance in an observer capacity at several Board meetings. If appointment is subsequently rècommended by the existing TnJsl8es. the candidate is fomally invited to join the Board. Trustee induclion and training Through membership ol the Board, Trustees have oversight and develop their knowledge of 911 of Abaana's key aclivilies. Trustees also meel several times a year with Abaana siaff. Training for Trustees is sourced as required. Oryanisalion The 8oard of Trustees is continuing to enhance its ways of working. to best fit the charty as it continues to operate in a challenging economy. The overall range of key skills available to the Charity through ils Tnjstees wi15 h6lp to further develop the overall gcwemance and managemtsnt ol the charity. Relationship with other charili8S A separate company exists in Uganda -'Abaana Ministries. Uganda,. This company. ￿gIStered in Uganda is govemed by a 808r¢J of Directors. The Board is made up of local professionals. Scott Baxter (Abaana Ministries Northern Ireland CEO and Company Secretary) also sits on the Board as an independent director. Abaana Ministries Uganda receives funding from Abaana Ministries, Northern Ireland and carries oul the various project activities and expenditure in line with formal grant agreements authorlBed by Abaana Mini51ries, Northern Ireland to support ils charllable objectives. The Board of Directors and management ol Abaana Ministries. Uganda continue to report on the outcome5 of supported projects regularly to ensure grant lunding Is being properly spent in line with th8 fijnding agreements and in accordance with our charitable objectives. The CEO aims to visit the Ugandan operations at least ￿lee each year, to r8view the physical projects'which have been funded by Northern Ireland, as well as meeting with the Board of Directors of Abaana Uganda lo monitor and review agreed local aclivily. In accordance with good governance arrangements a new Memorandum of Understandlng between Abaana Ministries UK and Abaana Ministries Uganda was signed in 2021 which sets out the operation of the partnership and the responsibilities of each in accordance with local legislalive requirements. Abaana Minlslrles also has a dose working relationshlp with Fields of Lile, a charity which shares Abaana Ministries, passion for Africa some of Abaana Ministries. earliest child sponsorships continue to be administered by Fields of Life. The charity is also seeking to agree 8 Memorandum of Understanding wllh this partner organisalion although ihls wo•l( is 5ti11 at the prelimlnary stage. Paypolicy for senior staff The Board of Oir8Ctors, who are the Charity's Tnjstees, have overall oversight of the a¢tivrties of the charity. This includes responsibllity for considering, and where relev8nt, approving staff terms and conditions of employment. Senior staff comprises the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to- day basis. All staff posts are based on NJC pay scales. All directors give of their tr'me freely and no director receiv8d remuneration during the year. Details of directors, expenses and related party transactions are disclosed in note 9 to the aC￿UnIs. Risk Management The Board of TnJstees has overall responsibility for Abaana Ministries. system of intemal control. Such a system can provide only reasonable and not absolute assurance against errors ar fraud. Aoaana Ministries Trustees, report For year ended 31 Decofflber 2023 The k8y controls used by the charity include: Fornial agendas lor Board meetings and Minutes tsken., Regular Board meetings: Strategic planning. budgeting and management accounling: Established organisational stru¢ture and lines of reporting: Formal written policies: Clear authorisation and approval levels: Forrnal gralll agreernents. Abaana maintains a detailed Risk Register, which outlines the key risks to the organisation and specific actions identified to miti9ate those risks. The risk register is Su￿.eCt to annual review by the Board of Trustees and more Irequently, If requlred. Key risks identified (logether wilh mitigation measufes) Include- Reputatlonal damage due to projecl failure (full technicalffinancial assessments pre-project. full post-completion review): Loss ol income du8 to economic dimate (focus on key fundralsing activities).. Interruplion ol actfvities {dala backed up using Cloud tschnology- adequate insurance provislon; building securty): Deathlserious injury of team member in Afn'ca Irssk assessmenls for teams: training of staff, team leaderslmernbers.. adequate insurance provision). Publlc b•nefft r•portlng The TNstees confirm that they have had due fegard to the Charity Commission for Northem Ireland's guidance on public b•neflt reportlng on the Charity's benefits and achlevements. Tru8t•¢•' re•ponsibilftlM in relation to the finanelal statemmts Thè charity Trusteés (who are at80 the directorn of Abaana Mlnbstries for the purposes of company law) are responsible for preparing a Tnjstees, annual report and finanoal statements in accordance with appliGable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pfacllcé). Company and charlty law requires Ihe TnJstees to prepare financial statements for each financial period which give a true and falr view of the state of affairs ol the charfty and of its flnancial positson at the end of that pedod. In preparing these financial statements. the Tnjstees are required to.. ( l) select suiiable accountlng policles and apply them consistenlly,, (21 make judgments and estimates that are reasonable and pNdent- (31 slate whelher applicable accounting st4ndard5 have been followed subJect to any daparture8 disc1058d and explained in the financial $tslernents', and (4) prepare the financial statements on Ihe going concern basls unle88 It Is inappropriate to presume that Ihe charity will continue in operatson. The Trustees have overall responsibility lor ensuring that Ihe charity has an appropriate system of controls, financial and otherwise. They are also responsible lor keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charlty and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for Ihe prevention and deteclron of fraud and other irregularities. ADaana Minisines Trustees, report For year ended 31 Decemb?r 2023 Statefflent as to dlsclosure to our audltors In so far as the Trustees are aware at the time of approving our Trustees. Annual Report.. therè is no relevant information, being infomation needed by the auditor in cannection wilh preparing their r8POrt. of which the organisation'5 auditor is unaware,. and the Trustees. havlng made enquiries of fellow directors and the organisallon's audltor that they oughl to have individually made, have each taken all steps that he15he is obliged to lake as a director in order to make themselves aware of any relevant audit infom)ation and to establish that the auditor is aware of that infomiation. Audltorn AAB Group A￿oUn￿n(S Limited have expressed their willingness to continue in offlc8 as auditors. Approval This report was approved by the Trustees and signed on thelr behalf. Dr Gllllan McBrld• Chairperson Date,. Independent auditors, report To the members of Abaana Ministries For the yoar ended 31 Deumber 2023 Oplnlon We have audi18d the accounts of Abaana MinistrÈes (the 'charity'} for the year ended 31 Oecember 2023 which cornprise the Slatement of Financial Actiwtses, the Balance Sheet. the cash flow statement and the notes to the accounts, including a summary of significant accounb'ng policies. The financial reporting fiarnework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, Including Financial Reporting Siandard 102. The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the a¢counl5.' give a true and fair view of the stale of the charitable companls affairs as at 31 December 2023 and of its incoming resources and appllcation of resources. including its income and expenditure, for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accèpted Accounting Practice,, and have been prepared in accordance with the requirements of the Companies Act 2006. Ba*ls for oplnlon We conducted our audit in accordance wrth Internallonal Standards on Auditing (UK) (ISAS (UKI} and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for tha audit of the accounts section of our report. We are Independent ol the charity In accordance with the ethical requirements that are relevant lo our audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities In accordance with ihese requirements. We beliave Ihat Ihe audll evidence we have obtained is sufficient aTrl appropr(ate to provide a basis for our opinion. Con¢lu$lons relatlng to golng ¢onc•m In auditing the financial staternenls. we have concluded that the trustees. use of the golng concern basis of accounts'ng in Ihe preparation of the financial stalements is appropriate. Based on the work we have perfomied. we have not idèntified any mal8rial uncertainties relatlng lo events or conditions that. individually or collectively, may cast significant doubt on Ihe group and charity's ability to continue as a going concern lor a perlod of 81 least bNelve month8 from when Ihe financial statements are authorlsed for issuè. Our responsibilities and the responsibilities ol the trustees wlth respect to going concern are described in the relevanl sections of this report. other Informatlon The other infonnalion comprises the Infomialion included in the annual report, other than the accounts and our auditor's report Ihereon. The Trustees are responsible for the other Information. Our opinion on the accounts does not cover the other information and, éxcept to the extent otherwise explicilly stated in our report, we do not express any form of assurance Gonclusion thereon. In connection viith our audit of the accounts, our responsibility is to read the other informatlon and, in doing so, consider whether the other information is malerially inconsistent the accounts or our knowledge obtained in the audit or otherwise appears to be rnalerially misstated. If we identfy such rnaterial inconsist8ncies or apparent material rnisstatements, we are required to determine whether there is a malenal misstatement in the accounts or a material misslalement of the olher infomiation. If, based on the work we have perfomied. we conclude Ihal there is a material misslatement of this other infomiatson, we are required to report that fact. We have nothing lo report in thls re9ard. Independent auditors, report To the members of Abaana Ministries For the year ended 31 December 2023 Oplnions on olher matters prescribed by the Companles Acl 2006 In our opinion, based on the work undertaken in the course of our audil.. the infomiation given in the TnJslees Report for the flnancial year for which the accounts are prepared is consistent with the accounts,. and the Trusiees Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are rèquired to report by éxception In the light of the knowledge and understanding of Ihe Trustees and its environment obtained in the course of the audit. we have not Identified materi81 misstatemenls in the Trustees Report. We have nothing lo report in respect ol the following matter5 in rglation lo which the Companles Act 2006 require5 US to report lo you rf, in our opinion.. adequate accounting records have nol been kept. or returns adequate for our audit have not been received from branches not visited by us.. or the accounts arè not in agreement with the accounting records and relurns., or certain disclosures of trustees, ramuneralion speclfied by law are not made., or we have not fecelved all the Inlormatlon and explanations we require lof our audit. Responslbllltles of Trustees As explained more fully in the Tfuslees, responsibilities in relation to the financial statements, Ihe Trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the directors detennine is necessary to enable the preparailon of accounts th81 are free from material misstalernent, whether due to fraud or orror. In preparSng thè 8CCOtJnts, the Trustee$ are responsible lor assessing the Charity's ability lo continue a5 a going concem. disclosing. as applicable, matters related to going concern and using thè going concem basis of accounting unlèss the Trustees either intend to liquidate th8 company or to cease operations. or have no realistic alternativ8 but to do so. Auditorfs r•spon51bilities tor the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the accounts as a whole are freg from malerial misslatemenl, whether due lo fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance Is a high level of assurance but is not guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misslalement when it exisls. Misstatements can arise Irom fraud or error and are considered material if, individually or in the aggregale, they could reasonably be expecled to influence the economic decisions of users laken on the basis of these accounts. We obtained an understanding of the legal and regulatory framework applicable lo the Company through enquiry of management. Industry r8S8afch and the application of cumulative audlt knowledge. We idenb'fied the following principal laws and regulabons relevant lo th8 company - Companies Au 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. We developed an understanding of the key fraud risks to the entlty (includlng how fraud mighl occur), thè controls in place to help mitigate those risks, and the accounts, balances and disclosures within the financial slatemenis which may be susceptible to management bias. Our understanding was obtained through rèview of the financial slaternenls for $ignrficant accounting estimates, analysis of iournal entries, walkthrough of the key conlrols cyclès in place and enquiry of management. 10 Independent auditors. report To the members of Abaana Mlnistries For th• y•ar ended 310ecefflber 2023 Auditorfs responslblllties for the audlt of the financial statements (continued) Our procedures to respond to those risks identified included. but were not limited to.. Enquiry of management, those charged with governance and the entitys solicilors around actual and polential libgation and claims. Enquiry of management to identify any instances ol non neither were they reimbursed expenses during the year12022: £ftil). No charity Trustee receNed payment for professional or other services supplied to Ihe charity (2022: £nll). The key management personnel of Ihe charity cornprise the Trustees, the Chair. the CEO and the Assistant Directors. The total employee benefits of the key m8nagemenl personnel ol tha charity wero £74,037 (2022: £7Q,343). No employee received emoluments exceeding £60,000. 10. Staff numbers 2023 ' Number 2022 Number Average monthly numbèr of full-tlme equivalents employed by the company durlng the year.. 11. Related party transactions None of the Trustee5 receive remuneralion frcjm the Gharity. A company ol which one of the Trustees is a Director received £9,677 (2022.. £8,994) for the supply of mailing and postaoe seThlces to Abaana durlng the year. No other Trustee received any other benefit Irom thelr wo with tre ¢harity. Any connection bebfveen a Trustee or senior manager of the charity with organisatlons th8 charity works with must be disclosed to the full Board of Trustees in Ihe same Way as any other contractual relauonship with a ￿lated paty- A separat8 company exists in Uganda 'Abaana Ministries. Uganda,. This company, registered in Uganda is govemed by a Committee of Man89ement consisting of local professlonals. Scott Baxter IAb8ana Ministrie5 Northem Ireland CEO and Company Secretsry) also sits on Ihe Committee as the 'lntemational Olrectol. 19 AD8ana Minisiries Notes to the financial statements For Ihe year ended 31 December 2023 Abaana Ministries Uganda receives ￿ndIng from Abaana Ministries. Northern Ireland and carries out the vanous projects. activities and expenditure in line with formal agreements aulhorised by Scott Baxter as the CEO of Abaana Ministries, Northern Ireland. Funding for projects is IonNarded to Abaana Uganda throughout the financial year. Total funding transferred to Abaana Ministries Uganda was £855,000 (2022.. £735,950). Abaana Minislnes also has a close relationship with Fields of Life. a charity which shares Abaana Ministries, passion for Africa some of Abaana Ministries, earliest child sponsorships continue to be administered by Fields of Life. Payrnents to Fields of Life for these sponsorships amounted lo £3,42012022.' £1.8521. 12. Tanglble fixed assets Equipmenl Land and Furniture and Buildings Fittings Molor Vehicles Total Cost Balanc8 al 1 January 2023 Addillons Disposals 8alan¢e at 31 December 2023 120,000 16,205 4,400 16,000 140.605 16.000 120.000 16,205 20,400 156,605 Accumulated Depreciation Balance at 1 January 2023 Charge for the year Disposals Balance al 31 December 2023 17,400 2,400 16.205 4,400 334 38.005 2,734 19,800 16,205 4,734 40.739 Net book value at 31 December 2023 100,200 15,666 115,866 Net book value at 31 OeGember 2022 102,600 102,600 The property at 78 High Slreet. Bangor, Co D¢)wn, 8T20 SA2. was most recenlly revalued on 17 September 201 S by Neill Estate Agents. 98-100 High Street, Bangor. BT20 4AG at £120.000. 13. Debtors and prepayments 2023 2022 Gift aid receivable Grants receivable Prepayments 130,917 29,672 47,927 104.815 39.786 208,516 144.601 14. Creditors: amounts falling due wlthin one year 2023 2022 Other accruals 111,571 101,960 111,571 101,960 20 Atsaana Minismes Notes to the financial statements For the ye•r ended 310ocember 2023 15. Analysis of charitable funds Analysis of movements In unr•strlct•d funds Balonce al 31/12r22 Incomlng Amounts Funds Expended Nel Balance a¢ Transfers 31/72n3 Cards General fvnd Partners Shop Anniversary fijnd Designated funds 784 {784> 254,845 1238,452) (10,643) 18,281 <18.281) 17,248 3,731 978 977 1,717 474.274 292,136 {260,472) (23,223> 600,159 119,078 124,828 143 (20,065) {1,9551 1,057 472,497 591,718 Nam• of unr•strf¢t•d Fund Descriptioft, naturn and Pu￿0088 of fund General fund Other vnrestricled lunds Designated lund Free reserves after allowing for all designated funds Funds available for use at the discretion of Ihe Trustees Funds earmarked by the Trustees for the followlng speclfic purposes.. Balanc• at 31/12122 Incoming An￿￿nIS Funds Expended N8t 8elJnce at Tmnsfers 31/1V23 Running costs (1) Designated Afrrca Development Designated Choir 3 Oesignated Propety Designated Infrastnjcture 130,000 130,000 37,497 25,000 105.000 175,0 (23.223) 14.274 25,000 105,000 200,0(NJ 25,000 472,497 1,777 474.274 111 RunnlrvJ ¢osl$'. E8mwt1¢ed amount eo¥er¥ approxlrnately 8 moftths runnlng c￿16{2022.. 6 monlhsl Analysis of movements In restrictgd fund8 Balance al 31/1V22 Incoming Anwnl$ Funds Expended Net 8818nce at Trnnsfers 31/12n3 Africa learn funds Africa team projects Child sponsorship Choir funds Health funds School funds Street chlldren funds Olher fijnds 16,729 9,918 479,099 12,884 5,848 23.088 45.046 20,856 88,747 (88,990) 10.557 (15,116) 586,946 (535.476) 9.814 (72.696) 2.179 (330) 94.196 (97,1771 43.T18 (47,604> 45.611 158,6011 881,828 (915,990) 16,486 2,997 531,019 (47,998) 7.247 24,277 37.412 31,089 602,529 12,362) 450 2.000 (450) 4,170 (3.808) 23,223 23,223 613,468 Restricted funds have been grouped in accordance with the expenditure category to which they relate. Al restricted funds are subJ8Cted io restrictions on their èxpenditure Imposed by the donor or through the t8nns of the appeal. 21 Atsaana Ministries Notes to the financial statements For the year ended 31 December 2023 16. Income attributed to unrestricted funds. Child S onsorsh Fund.. Abaana maintains a commrtment to each donor that al least 95% of iheir child sponsorship donation is used directly in Uganda for Child Sponsorship Aclivilies. In cases when Child sponsorship donors contribute an additional voluntary amounl toward5 Ihe administration and running costs of Abaana, thes8 additional voluntary donations are recorded as unreslncted Income upon receipt. Where Gfft Aid is applicable, it is attributed to UK Support Afri Direct team payments are recorded wiihin the appropriate restricted team lund. Preagreed team support costs are recorded as unrestricted income. For all other ted funds.. In order lo cover project monitoring and administrative support costs. between 00/0 and 10ts10 of receipls on all other res(n'cled funds is recognised as unreslricled income on the dale of receipt. The following principles are applied when ¢al¢ulating the income attribuled to unreslricted funds.. A rale of 0-5% is applied rf project 15 undersubscribed; A rate of 5Q/o is applled lo large funding projects,. In all other case5 a rate o110#/• is applied as slandard. 17. Summary of net assets by fund Total 2023 Unrestricled Restricted Fixed assets Current assets Creditors.. amovnts falllng due wlthin one year Net assets 115,866 115,866 505,560 692,833 1.198,393 121.267) (90.3041 (111,571) 600,159 602,529 1,202,688 18. Reconclllatlon of net rash movement In funds to net cash flow frorn operatlng activities 2023 2022 Net (deficlt) I surplus in funds Oeprecialion charge Inleresl income shown in investing activities Decrease I lincreasel in debtors (Decrease) l increase in creditors Net cash (expenditure onl l ￿¢¢l¥ed frofft operaling activities <2,498) 2,734 122,9871 163,91 S) 9.611 45,047 3,560 (8,024) 7.971 (15,317) 33,237 {77,055) 22