1 Abaana Ministries Trustees, Report and Financlal Statements 31 Dernber 2025 AF7YXTSH* 0710812026 COMPANIES HWSE A16
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Abaana Ministries Company No-. Nl 33513 Trustees Lynne Gibson Noel Gordon Cynthia Madziva David Manning Dr Gillian Mc8ride Martj'n Pitt Sharon Slack Jonathan Young Chair Jonathan Y(NJng Secretary Scott Baxter CEO Stt Baxter Audltors Johnston Kennedy DFK Chartered Accountants 10 Pilots View Heron Road Belfast BT3 9LE Bankers First Trust 8ank 11-13 Donegall Square North Belfast BT1 5GB Registered Office 78 High Street Bangor Co Down 8T20 SAZ HMRC Charity Registration Number XR 23866 Charity Commission for Northern Ireland Registration Number 102174
Abaana Ministries Trustees, report For year ended 31 December 2025 The Trustees present their report and the audrf(ed financial statements for the year ending 31 December 2025 which have also been prepared to rneet the requirements for a direclors, report and accounts for CoMpanS Act 2006 purposes. The financial slalements comply wilh charity and company law. the Memorandum and Articles of As50cialion and Accounting and Repvting by Charth"es'. Sialemenl of Recommended Practice applicable to charities Pfeparing their accounts in accordance with the Financial Reporting Starard appliCae in Ihe UK and Republic of Ireland (FRS 102) {effeclive 1 January 20191. Chair's report 2025 saw an increase In number of Teams with S from Northern Iland and 1 from England Iravelling lo Uganda to support and engage in the work. Of these teams 3 were first lime visitors who were engaged with Abaana after seeing the choir perform in 2024. During the ye¥ we saw the Com&et10n of various construclion projects in Uganda. In Dernber we celebrated with the local community when we officially opened the new classroom block 01 Sl Mary's. New Lrfe Homes continues lo play a vital role in providing Street children wth a stable backgroun(J and an opportunty lo rebuild their lives. We continue to maintain the enrolmenl lo the maximum allowable. Plans lo re4ocale to new premises in Main Street. Bangor have cornmend. after a very protracted peiiod in the lead up to the purchase of the property where there were issues with boundaries and access at the rear of the Main Street premises. Abanna officially look Possession of Ihe new property in July 2025. and a tender process commenced lo source providers to conduct necessary work to establish OffS and meeting rooms and also lo fit-oul the ground floor area fronting out to Main Street which will be the new Abaana charity shop. The make-up of the Abanna Board of Trustee5 has remained stable throughout 2025 with no new entrants or leavers from the team. l extend my personal thanks and gratitude to all the trustees for their tireless support and skills and experien that they bring both to the Board and lo Ab8ana. The investment in Salesforce CRM system is desNJned to provide improved donor relationships. access to insighttul reporting, aid decisKJn making and deliver a necessary organisalional plarfomi for fijture years. The system will be commiss10r1 in January 2026. The Chair, on tehasf of the Board, would like lo pay lribute lo Scott and to thank him frx the extremely long hours and days of additional work personally shouldered lo ensure the success of ihe establishment of the CRM for Abaana. December 2025 saw Leanne Hollies leave the organisation after 3 years of dedicale(J service. We wish her well in her future caer. We were delightef11o welcome Eddy Kerr to Abaana as Operations Manager. having commenced in August and Katse Richardson who will start as an Admtnislralor on 2nd January 2026 As a Board. we continue to recognise the huge contribUtn and unwavering dedication to the work of Abaana made by staff. volunteers. and supprxlers across the UK and wider afield, with a common aim lo bring hope and God's love to children living in verty in Uganda. Purposes and xtiviti Abaana Ministries. principal activty, as sel out in The Memorandum and Articles of Association is the relief of povety in the African conlinenl. and the relief of those in need. by reason of youth. age, ill health. disabilty. financial hardship or other disadvantage and lo educate the general public regarding poverty and Ihe spiritual needs of these people and the advancement of the Christian faith. This is primarily achieved through building schools, sponsoring children lo enable them lo receive an education. providing food and basic medical Care lo children living on the streets. resojing children from the streets. providing dean water supplies by building wells. installing pumps and 5LlPPOrting farming an(J microfinance projects in partner CAJrnmunilies. The focvs of our work has contsnued lo be in the country of Uganda in current year.
Abaana Ministries Trustees, report For year ended 310e¢ember 2025 The overall vision of Abaana is to see the Chdren of Afn"ca have their needs mel, their rights uphel4 and their hopes fulfilled. In shaping the objectives for the year and pfanning our actrvities the Trustees have considered a number of key cornponenls, rrnety the financial resources available. priorib.sed projects in Uganda and the on-going needs of existing key programmes. The work of the charity is undertaken in partnership with locally based eharitable organi5alions in the country of operation. In the past year aclivi(ies have been undertaken in partnership wilh Abaana Ministries Uganda Ltd. a separate legal entity registered and operating in Uganda with its own govemance, management and staffing arrangements although we provide support and advice through the provision of an indepen(Jent Board member. The strategies employed to achieve the charity's aims and objeclNes indude regular production of management accounting information. oversight by Trustees of key deliverables and progress made, in raising funds for acb"vtbes, overseeing buil(ling and other work on our projects, detailed Grant Agreement process for funded progyamffles with specrfied oulcoffes and post- project delivery reVw. R le of volunteers The financial statements set out the results for the year do not refiect the very considerable and vital support given lo Abaana by volunteers. Lt)cally, volunteers help to run our charity shop. fundraise and prepare Ma ouls. Overseas. they make up the leams whth travel lo Uganda and carry out work across ¢JJr projects. Achievornents and perfomianGe Rwiew of actlvities: Support OfSch¢)s Over 7,000 children attend 17 Abaana-supported primary schools. The main source of income for these schools comes from the sponsoring of Ind[val children. with an eslimaled three children paying lower subsidised rates for everyone Abaana child sponsored at the school. Sponsorship Income provides an assured fvnding stream for the schcx)Is to pay teachers and njn the Sch1. Child Sponsorship Al the end of 2025 we had 1.979 children receiving direct sUprt under the Abaana Child Sponsorship Scheme. The children normally allend the 17 Abaana primary schools or various other secondary or vocational schools. Sponsorship. in addition to paying for a child's school fees. provides exercise tM)oks and Statiory. as well as both a school unrform and basic medical care. when required. Chrislm8s Gift Scheme The annual Chrislmas Grft Appeal was launched in October 2025 with soaal media posls, e- mails, and postal communicats.on lo Child Sponsorship donors. A record £77.685 was raised. which was an increase of 6.9Qh on the previous year_ The money raised provided a basic Christmas pack lo 1.850 children. plus an additional 324 grfts lo the children of our new School build al Kadok. The basic pack included a loy, sweets, blanket. biscuits and food ingredients for a family meal. The distribution of the packs a significant task prior to the schools finishing before Christrnas, bul both staff and children see it a5 a highlvJhl of the School year. New Lrfe Hom&s Project and Street Reach We continue to work with outside partners and government agencies lo identrfy children who can benefit from a lrfe away from the streels. For the tws moving into New Life Homes INLH). the inlroduclion to a lrfe of school attendance. structured mealtimes, a bed al night and safe spaces for recreabon will often take considerable adjuslmenl. With the support. Ljnderslanding and care of the NLH staff the majority of LKJYS remain with us and benefit enormously from the opportunities that the NLH environment offers.
Abaana Ministries Trustees, report For year ended 31 December 2025 Throughout the year the number of boy5 al NLH varied between 25-28, with some boys being re-settled back home and new boys being brought in. Once the boys reach secondary school age, they are able lo move out of the New Lrfe Homes environmenl and begin attending local Boarding schools. The staff of NLH conlinue to suppcffl the boys with regular visits, meetings and liaison with the schools and maintain a close link with Abaana Uganda. In 2025 we have young men attending university and various vo¢*KJnal course5. highlighting whal can be achieved when boys are given the opportunity. Salesforce CRM and Ouick Books implementation In February 2025 a Stslemenl of Work ISOW} was agreed and siwed. with our Salesforce Implemenlal¢on partner, Give Clarity. This conduded a selection process that had started in 2024. Abaana CEO (Scott Baxlerl was the Project Lead. overseeing the planning. systern configuration, testing. training. dats transfer. data deansing, UAT and the final g) live. The work began in May 2025 wlh a high degree of confKlents that the Go Live date of Feb 2026 will be achieved. Such a project brings the risk of signrficanl business disruption. cost ovemjns. and delays. Under Scoll's leadership and personal commitment. the risks have been professionally managed. wrth the Abaana teams in both the UK and Uganda looking forward to operating the new Salesforce system. New Premises With the purchase of the new premises on Main Street the new year will see the commencement of a Premises refurbishment plan. The refurbishment will commence in February and is planned to be completed in June 2026. The Architect. Quantity Surveyor and Contractor have all been appointment with budgets arNJ contracts in fv. Refurbishment plans 11 indude new retail spaee. meeting r¢)oms, Offi and storage space. In line with the refurbishment plans, Ihe Abaana charity shop will be re-opening in the summer. Projects A number of projects and inttialive5 were both Started rnpleted across our various schod sites in 2025.. The Kadok School build COMMeed in December 2025. 7 classrwms across 2 blocks including lalrines and water harvesting, making this Abaana's 18th school build. Zuri Girls project expanded rts reach into 9 schools. extending health educatKJn and practical training in making sanrtary products available to 51X) children. This was Ihe 3rd year ol the project. New latrine and kItn facilities were added lo Atukubui Primary school along wth a new school nursery 0¢k. 2 new Lalrine blocks and bQtchen facilities were instslled al Rainey Summit View school. Repairs to Ihe Water Harvesting facility and the Kitchen facility were carried oul al McAvoy Primary School.
Abaana Ministries Trustees, report For year ended 31 December 2025 Financial review Income and expenditure Incorne for the year increased to £1.743.13612024- £1.550.508). Total expenditure increased lo £1,599.127 12024.- £1.771.6521 and gross expenditu on Charrlable Activities increased to £1.545.696 12024. £1,092,527). The amount of money spent on charitable activitie$ represenled 96.7¥0 (2024.. 93.2%) of total expenditure. Expenditure £1.599.127 Raising funds £53,431 ChIe &tNiies: £1,545.696 Expendilure on charitable activities indudes governan cnsts of £9.953 {2024.' £5.560). Overall. there was a net increase in funds of £144.009 for the year {2024'. nel increase in funds of £378,856). All re51ricletJ fund5 held by Abaana are spent on charrtable activitie5 to benefit children in Africa and where the funding is collected over more than one accounting year.. indivual funds will often show a 5UTplus al the year end and the subsequent year show a deficit_ The nel position for each specrfic fund across mullipk accounting periods will be zero. {i.e.. any def1t is met from accumulated fund balan$1. Detailed day to day management of the charty endeavwr5 to keep the operating costs as low as possible wrthout compromising the oulpul and quality of the ackn"vities. Investmenl powers and polKy The Trustees, having regard to the liquidity requirements of the charity have kepl available funds in an inlerest-bearing deposrt account and seek to achieve a rale on deposit, which malches or exceeds inflalKsn as measured by the retail price index. Steps were also taken lo maximise the protection ol funds as covered by the FinaTla1 ServKes Compensation Scheme IFSCS). Reserves The Board of Trustees reviews the reserves annually. There are categories of reserves.. restricted and unreslricled funds. Restncted funds are funds subject lo specific conditn5 imwsed by donors. At the end of the year the total restricted funds were £918.70812024= £871.954}. Unrestricled funds al year end were £806,845 (2024: £709,51. It is the polw of the Boar(J lo ensure that the Charity has sufficient funds lo cope with unexpected events. In particular, it aim5 to have an earmarked amount in designated funds to cover 6 months (2024.. 6 monlhsl running costs. In 2025 this is £1 $0.000 {2024= £150.0001.
Abaana Ministries Trustees, report For year ended 31 December 2025 Within ureStrted funds. there is also a designaled property fund of £407,880 (2024: £97.800) representing the net book value of land and building and intangible solRre (funds which are not readily available as cash). and a designated infrastrvclure fund of £39,92012024." £350,000) representing monies earmarked for premises and software developrnenl. The additional fund5 held are to meet the expected refuTbishmenl costs of the new premises in Bangor and provide working capital for the shop. The Board believe the currentlevd of unrestrted general funds is bolhprudenl and reasonable. Plans for futurn yriods Salesforce CRM and Quick 8ooks implernentatn Go Live for both Salesforce and Quick Books is planned for February 2026. Salesforce configuration. testing and training has progressed smoothly in the 2n(1 half of 2025 with Give Clarity providing guidance and support as Abaana's ImementalKIn Partner. Baxlerwortd have provided support and training on the functionality of Qk Books, this has already proven to be beneficial. Throughout the implementation process. the Abaana CEO (Scott Baxter) has been the main point of contact wlh our Partners tsking responsibility for the Change Management Process. training. communication. testing and system configuration. New Premises The Main Street refurbishment 5MII commence in February and is planned to be completed in June 2026. on completed the Abaana staff will begin the process of moving from Ihe current operation in High Street lo Main Street. Bangor. The increased Off space with new facilities will enhance the working environment for all our slaff. Furthemiore. the new premises will provide much needed storage space fot retail stock. choir equipment and Abaana lileralure. C11r 4 The incoming year will require Abaana Uganda lo begin initial planning for Choir 4 ariiving in the UK at some point in eady 2028. The selection of a Choir Leader and Chaperones lo accompany the children will be needed. The recruitment a UK Choir Coryordinator will be in place by the dose of 2026. Ret8il The Abaana shop at our Hwh Slreel premises temporarity dosed in December 2024. With the new Main Street premises purchased in July 2025 and the lurbL8hMen1 lo commence in February 2026, it is planned lo rwpen the Abaana shop during the summer of 2026. The larger floor space. location on Main Str* and new staff provides a So1 base for generating on-going surpluses to Ihe work of Abaana. Africa Teams In 2025 we had 6 teams travelliry out to Uganda. In 2026 we plan to have 5 Teams going, out. commencing in March, through to August. Approximately 90 team members wll travel and be involved in the various Team financed building and paints.ng projects. 11 is encouraging to note that we will have Teams travelling from Dublin and the Isle of Skye. Furthemiore, we already have commitments from 7 Teams planning to travel to Uganda in 2027. Organisatnal developmenl The implementation of the new CRM and Finance system will bring organisalional change5 and benefits. The focus this year will be managing the change5 and conSolaling the gains. The current year will see 4 staff members visiting Uganda, wlh the aim of being better infomieé of the needs. how lo best support our colleagues in Uganda and how to inaSe the level of funding. Going Concern The Trustees have a reasonable expeclalion Ihal the Organisalion has adequate resources to conlinLbe for the foreseeable future as a going Corn.
Abaana Ministries Trustees, report For year ended 31 December 2025 Trustees The Trustees who served during the year and since the year end are li51ed on page 1. Structure, Govemance and Management Governing Document Abaana Ministries is a company limtled by arantee g)vemed by its Memorandum and Artides of ASsLKIatn dated 16 January 1998 and updated on 17 June 2015. Appointment of Trustees Abaana has a policy of developing its Board membership to ensure a wide range of profess+onal expertise. Where polenli81 candidates for Board membership are identifEd, informal discussions are held with the Chairperson, followed by attendance in an observer capacsty at several Board meetings. If appoinlmenl is subsequently recommended by the existing Truslees, the candate is formally invited to join the Board. Trustee indUCtn and trainiry Through membership of the Board, Trustees have oversight and develop their knowledge of all of Abaana's key activities. Trustees a150 meel several limes a year wlh Abaana staff. Training for Trustees is sourced as required. Org8nisation The Board of Trustees is conlinving to enhance ils ways of working, to best fil the charity as it conts'nues to operate in a challenging economy. The overall range of key skills available lo the Charity through 115 Trustees will help lo further develop the overall governance and mana9ement of the charity. RelatnshiP with ollw chanties A separate company exis15 in Uganda - 'Abaana Mini51ries, Uganda.. This company, registered in Uganda is wvemed by a Board of Directors. The Board is made up of local professionals. Scoll Baxter {Abaana Ministries Northern Ireland CEO and Company Secrelary) also sils on the Board a5 an independefit director. Abaana Ministries Uganda receives funding frorn Abaana Ministn'es, Northern Iland and wies oul the various project aclivilies antl expenditure in line with formal grant agreements authorised by Abaana Ministries. Northem Ireland lo support its charitable objeclives. The Board of Director5 and management of Abaana Minislries, Uganda continues to report on the outcomes of supported projects regularty lo ensu grani funding is being properfy spent in line with the funding agreements and in aceordance with our charitable objectives. The CEO aims to visit the Ugandan operations al least iwice each year. lo reVW the physical projec15 which have been fun¢Yed by Northern Ireland. as well as rlIng with the Board of Directors of Abaana Uganda to monitor and review agreed local activity. In accordance vthh good governance arrangements a new Memorandum of Understanding beeen Abaana Ministrie5 UK and Abaana Ministries Uganda was signed in 2021 which sets out the operation of the partnership and the resPS11.11lles of in accordance with Ii>eal legislalive requirements. Abaana Ministries also has a dose working relalw)nship wilh Fields of Life. a charity which shares Abaana Ministries. passion for Afra some of Abaana Ministn'es, earliest child sponsorships continve to be administered by Fields of Lrfe. The charity 15 also seeking lo agree a Memorandum of understandi with this fvner organisation although this work Is still al the preliminary stage. P8y pOIY for senior staff The Board of Directors. who are the Charity's TnJstees. have overall oversight of the ¥lNrties of the charity. This includes responsibility for considering, and where relevant. approving staff lemis and conditions of employment. Senior staff comprises Ihe key management personnel ol Ihe eh*ity in tharge of directing and tntrlIng. running and operating the ch¥ity on a day-l
Abaana Ministries Trustees, report For year ended 31 DKember 202S day basis. All staff posts are based" on NJC pay scales. All directors give of their time freely and no director receNed remuneralion during the year. Details of directors. expenses and related party tranwts.ons are disclosed in note 9 to the a¢¢ounts. Risk Management The Boafd of Trustees has overall responsibility for Abaana Ministries. system of internal control. Such a system can provide 0[Y reasonable and not absolute assurance agwnst errors or fraud. The key controls used by Ihe chty include.. Formal agendas for Board meetings and Minutes taken. Regular Board meetings. Strategic planning, budgeting and management accounting. Established Organisati¢al structure and lines of reporting. Formal wrrtten pICS. Clear authorisalion and approval levels. Fomial grant agreements. Abaana maintains a detaile(l Risk Regisler. which outlines the key risks to the organisalion and Specif actions identified to mrtigale those risks. The risk register is subject lo annual review by the Board of Trustees and more frequenuy, rf reqtsired. Key risks identified Ilogelher wlh mitigation measures) irlde= Repulalional damage due to woiect failure (full lechnicalffinancial assessments pre-project.. full posl-complelion review). Loss of income due to economic dimate (focus on key fijndraising activities). Interruption of activities (data backed up using Cloud technology" adequate insurance provision," building securtyl. DealhlsefiOUS injury of team member in Afrtca {risk assessments for teams.. training of staff. team leaderslmembers: adequate insurance provision}. Publlc benlt reportlng The Tnjslees confim that they have had due regard lo the Chanty Commission for Northem Ireland's guidance on public benefit reporting on the Charis benefits and hIeveMents.
Abaana Ministrie5 Trustees, report For year ended 31 Oecember2025 Trustees, responsibilities in relation to the financial statements The charity Trustees (who are also the direcloTS of Abaana MinistTies for the purposes ofcompany lawl are responsible for pieparing a Tru5tees' annual report and financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Praclicel. Company and charity law requires the Trustees lo prepore financial statements for each financial period which give a true and lair view ol the stale of affairs of the charity and of ils financial P05ilion al the end ol thal period. In preparing these financial statements. the Trustees are fequired lo.. 111 sele¢l suitsble accounting policies apply them ¢onsislently. <21 make judgmenls and eslirnales Ihal are Teasonable and prudent. {31 slate whether applicable accounting standards have been followed subject lo any departures disc105ed and explained in the financial statements.. and 14) prepare the financial slalemenls on the going concem basis unless il is inappropriate lo presume that the chaTty wll continije in Operatn. The Twslees have overall responsibility for ensuring ihal the charity has an appropriate system of controls. financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy al any lime the financial position of the charty and lo enable them to ensure thal the financial statements compty with the Companies Act 2006. They are also responsible for safeguarding the èssels of Ihe charity and hence lor taking reasonable steps lor the prevention and detection of fraud and other irregularities. statement as to disclosure to our auditovs In so far a5 the Trustees are aware at the time of approving our TTuslees'Annual Report.. there is no relevanl information. being inlomialion needed by the auditor in connection with preparing their rewrl. of which the organisation's audilor is unawaTe, and the Trustees, havbng made enquiries ol felkjw directors and the ofganisalion's 3vditor that they ought to have individually made. have each taken all steps ihat helshe is obliged to take as a director in order to make Ihernselves aware ol any ielevant audit inlom)alion and to establish that the auditor is aware ol Ihat information. Auditors Johnston Kennedy DFK have exrxessed their willingness lo continue in office as auditors. Approval This report VAS approved by the Trustees ant1 signed their behalf. Jonathan You Chairperson Date..
Abaana Ministries Independent auditors, report To the members of Abaana Ministrles For the year onded 31 December 2025 Opinion We have audited the financial stslements of Abaana Minislws Ilhe charity'l for the year ended 31 December 202S which comprise the slatemenl of financial 2clivilie5. the balance sheet, the statement of cash flows and the notes to the financi81 stslements, induding a summary of signrficant accounling policies. The financial pOrting framework that has been applied in their preparation is applicable law arKI United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applKcable in the UK and Republic of Irelané (United Kingdom Generally Accepted Accountsng PraclicEI. In our Oni[ the ac¢tyJnts' give a true and fair view of the slate of the charttable cOmpanS affairs as at 31 December 2025 and of ils incoming resources arKI aptIOn of reSoUrs. induding its income and expenditure, for the year then ended. have been properly prepared in aLX(dance with United Kingdom Generally Accepted Accounting Praclrce,. and have been prepared in accordance with the reqU1ments of the Compan$ Act 2006. 8a$i$ for opinion We conducted our audit in cordanCe with Inlemalional Standards on Auditing {UKI IISAS {UKII and apICable law. Our responsibilities under those Standards are further described in the Audilorfs responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of rhe accounts in the UK. induding the FRC'S Ethical Standard. and we have futfilled our other ethical responsibilities in accordance wlh these requirements. We believe that the audil evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going nCern In auditing Ihe financial ststements, we have nduded that the directors, use of the going corKern basis of accounting in the preparation of the firAnual st3tÈmenls is appropriate. 8ased on the work we have perfomied, we have not identified any material uncertainties relating lo evenls or conditions that. indivKlually or collectively, may cast signifKanl doubt on the charily's ability to continue as a going concem for a period of al least h¥elve months frorn when the financial statements a authonsed for issue. Our responsibilities and the reswnsibililies of the deCtOrS with respeel to going )ncern are described in the relevant sections of this rem. Other inforniation The directors are responsible fc tIE olher inf0mtiOn. The other infomiation mpriseS the information included in the annual POrt. other than the financial ststernents and our auditor's port Ihereon. Our opinion on the financial stslemenls does not cover the other information and, except to the extent otherwise explicitly staled in ow report, we do not express any form of assurance conclusion Ihereon. In connection with our audit of the fInarla1 statements, our responsibilty is to read Ihe other information and. in doing so. consider whether the other infomialion is materially inconsislenl with the financial statements or our knO%edge obtsinetl in the audit or otherwse appears lo be materially misstated. If we idenltfy such Material inconsistencies or apparent material misslalemenls, we are required to determine whether there is a material misslalement in the financial statements or a material misstatement of the other information. If. based on the work we have performed, we condude that there 15 a material misstalemenl of this other information. we are required to report Ihat fact. We have nothing to port in this reg*d. 10
Abaana Ministries Independent auditors, report To thg members of Abaana Ministries For the year 81¢d 31 December 2025 Opinions on other Matte prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of our audit.. the information given in the direclors. report. which indudes the strategic feport prepared for the purposes of company law. for the financial year for which the financial statements are pPared 15 consislenl wlh the financial stalements.- and the direelors, rewrt included wlhin the Strategic report has been prepared in accordance wilh applicable legal requirements. Matters on which we are required to report by exuption In the light of Ihe knowledge and underslawsding of the company and ils environrnenl obtained in the course of the audil. we have not identrfied material misstatements in the Strategic Repcrft and the DectorS, Rep¢)rt. We have nothing to report in respect of the filong matters where the Companies Act 2006 requires us to report to you rf, in our opinK)n= adequate accounting records have not been kept. or relums adequate for our audit have not been receNed.' or the finarKial statements are not in agreernenl wth the accounting records and returns.. or certain disdosures of directors. remuneration spe¢rfd by law are not made," or we have not received all the information and explanations we require for our audit. Responsibilities of Trustees As explained more fully in the statement of direelors, responsibil((ie$. the directors, who are also the Iruslees of the charity for the purpose of company law. are responsible for the preparation of the financial slalements and for bein9 satisfied that they give a true and fair view, and for such internal control as the directors determine is r*cessary to enable the preparalion of financial Statements that are free from fflaterial misstalemenl. whelherdue to fraud or error. In preparing Ihe finanei81 statements. the directors are responsible for assessing the charity's ability lo continue as a going concem. disclosing. as app7¢able. matters related to going concern and using the wing concern basis of accounling unless the directors either intend lo liquidate the charitsble company or to cease operalions. or have no realistic alternative but to do so. Auditorfs responsibilitles for the audtt of the financial slalernents Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from materi81 misstatement. whether due lo fraud or error. and to issue an auditor's report that indudes our opinion. Reasonable assurance is a high level of assurance bul 15 not a guarantee that an audit conducted in accordance with ISAS (UK} will always detect a material misslalement when il exists. Misstatements can arise from fraud or evor and are considered material rf, individually or in the aggregate. they Could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slalement5. 11
Abaana Ministries Independent auditors, report To the members of Abaana Mlni$lries For the year ended 31 Docember 2025 Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design procedures in line wth our responsibilities, outlined above, to detect materi81 mi551alements in respect of irregulanties. induding fraud. The extent to Ythh our procedures are capable of detecting irregularities. induding fraud is detailed below.. the nature of the industry and sector, control environment and Krfom)ance. results of our erUlT$ of managemenl aboul Iheir own idenlrfication and assessment of the risks of irregularib"es. any matters we idenlrfied havirvJ obtained and reviewed th& charitsble cofflpany's documentation of their p(Aicies and procedures relating to-. identifying, evaluating and comyying with laws and regulations and whether they were aware of any inslances of non-compliance. detecting and responding to the risks of fraud and vthether they have knovAedge of any actual. suspected or alleged fraud. the internal controls estatAished to miligale risks of fraud or non-compliance with laws 2nd regulations. Ihe matters dis(yJssed among the audit engagement team and relevant inlemal specialists where necessary regarding how and where fraud mighl oCr in the financial statements and any potential indicators of fraud. As a result of these procedures. we considered the opportunities and ineenlives that may exist within the organisation for frautl. In common wlh all audits under ISAS IUK}. we are also requind to perform Specific proU$ to re5wfKI to the risk of management override. We also obtained an understsnding of the legal and regulatory frameworks that the charitable company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of malerial amounts and disdosures in the financial statements. The key laws and regulatK)ns we conSered in this context induded the Compans Acl 2W6, the Charities Act (Northern Ireland} 2008 and Taxation LeSlatIOn. In addition, we constdered provisions of other laws regulations that do not have a direct effect on the financial statements bul compliance wtth which may be fundamental lu Ilie charitable company's ability to operate or lo avoid a material penalty. As a result of performing the above our procedures lo respond lo risks idenlrfied included the following.. reviewing the financial statement disclosures and testing lo supporbng documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements. enquiring of management conceming actual and potential lili9alion and daims performing analytul procedures to identfy any unusual or unexpected relationships that may indicate risk5 of material misstatement due to fraud. readirig minutes of meetings of those charged with governance and reviewing correspondence wth HMRC., and in addressing the risk of fraud through management ovemde of controls. lesling the appropriateness of joumal entries and other adiuslmenls., assessing whether the judgements made in making accounting estimates are indicative of a potential bias,. and evaluating the business Talionale of any signffjanl transactions that are unusual or outside the normal course of business. We also communicated relevant identrfied laws and rewlations and potential fraud risks lo all engagement leam members, including inlemal Specialists, and remained alert to any indications of fraud or nOn-Mpl1ae with laws and regulations throughcmjl the audit. A further description of our responsibilrties is available on the Financial Reporting Ctyjncil's website at: hllps'.Il%Mv.frc.org.uklaUdil¢xsresrB11N"1rtS. ThL8 description forms part of our auditor's report. 12
Abaana Ministries Independent auditors. report To the members of Abaana Ministries For thè year ended 31 Decomber 2025 This rert is made solely lo the ehanty members. as a bcKJy, in accordarte with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the chafily members those matters we are required lo slate lo them In an auditor's rewrt and for no other purpose. To the fullest extent permitted by law. we (lo not accept or assume responsibility to anyone other than the charity and the charity members as a body, for our audit work, for this report, or for the opinions we have formed. Gage (Senior Statutory Auditor) for and on behalf of Johnston Kènnedy DFK Statutory Auditor Chartered Accountants Registered Auditors 10 Pilots Vlew Heron Road Belfast BT3 9LE 13
Abaana Ministries Statement of financial activities (incorporating an income and expenditure account) for the year ended 31 December 2025 Tol81 Funds F5 2025 2025 3025 2024 2024 2024 Donations and legacie5 375.292 1.328.398 1.703.6 497.232 1.4.595 1.502.827 Shop Income 15.526 15,526 Investrnent inume Other irtomè 32,155 32,155 Totalinrorn¢ 414,738 1,328.YJ8 1.743,136 544,913 1,$.395 1.550.918 Expendllure." C0515 of raising fimds 52.X13 53.431 1.736 79.125 Expendibxe on charilae aGivits8s 252.750 1.W2.946 1.545. 208.$29 883.998 1.092.527 rotal expendllufe .253 1.293.874 1.599.127 285.918 85.734 1.171,652 r4•tlftcome (expenditure) foythe y•arbefore transfv 109.485 34.524 144.C#>J 258.935 119,861 378,856 16 112.2301 12.230 1149.5641 149.564 N•tmov•mentin ftsftds 97.255 46.754 144.C¥)g 109,431 269.425 378.856 Reconclllallon olfunds Total fu5 brought fofvrtd 871.954 1.SEII.544 0.159 602.5 1.202.688 rotai funds cattled lon¥ar 16 AJ6.845 918.708 1.725.553 709,590 871.954 1.581.544 The statement of financial actwities indudes all gains and losses recognised in the year. Al income and expenditure are ¢Yerived from continuing adNilies The notes on pages 17 to 26 fomi an integral part of these financia ststements. 14
Abaana Ministries Balance sheet at 31 Decemb?r 2025 2025 2024 Noles Flxedassets Intangible assets Tangible assets 12 13 61.440 353,983 109.470 415.423 109,470 Current assets Oeblors Investments and cash al bank and in h 14 146,655 122.821 1,283,330 1.464.198 1.429.985 1.587.019 Credllws.. amounts falling due wtthin one ye N•1 current asstts 15 1119.8551 (114,9451 1.310.130 1.472,074 Total assets less current liabilths 1.725.553 1.581.544 N•tass#ts 1.725,5S3 1 81,544 The funds ofthe charfty.. Unrestricted furKIs Resth"cled lund$ 16 16 806,845 918.708 709,590 871,954 rotalcharitylund 1.725.553 1.5B1.$44 These financial statements haNE been prepared in accordan wlh the spectal provisi$ of Part 15 of the Cornpanies Act 20(6 relatiThJ to smal ccwmpanies. The r)les on pages 17 to 26 form an integrJ wi of these financial stateEnts. The financial statenEnts were approved by the Board and signed on its halfr Jonat DIrlor on behatf of the Trustee5 Company No.. Nl 33513 15
Abaana Ministries Statement of cashflows for the year ended 31 Oecember 2025 2025 2024 19 92,039 442.166 Cash flows from Investln9 adivities Interest received Payments to acquire fixed assets N•t cash flow froffl Invesung acll¥•fres 39,446 1312,3531 {272,7) 32.155 32,155 Net cash ftow from financlng a¢dvltles (Decrease) l increase in cash and cash equivalents in the year 1180.868) 474,321 Cash and cash equivalents * beginning of year Cash andcash èqulvalents ?t end olyear 1.464,198 989,877 q.283,330 1.464,198 16
Abaana Ministrie5 Notes to the financial statements For the year ended 31 December 2025 1. Accounting policies The princ¢pal accounting policies adopted. judgements and key sourtss of estimatK)n uncertainty in the preparation of the financial statements are as follows.. ) 8asts of Aceountlng The financial statemellls have been wepared in accordance w((h Accounting and Reporting by Charities.. Stslemenl of Recommended Practice applicable lo charit$ preparing their accounts in accordan with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effective 1 January 2019) - (Charilies SORP IFRS 102)), the Financial Rewrting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 and the Companies Act 2006. The charity mee15 the definition of a wblic benefit enlrty under FRS 102. Assets and liabililies are initially recognised at hi5tori&4 cost or transaction value unless olherwse slated in the relevant accounting polw note(s). {ii) Ppar•kn of the accounts on Ihe grynq conc•rn basls The Iruslees have assessed the reserves and the rK)sl year end perfom)ance of the charity and are nIent that it continues lo be a going concem. (111) Income Items ol income are recogntsed and induded in the actsnts when all of the followng criteria are met: The charity has entitlement to the funds. Any performance conditions attached to the item(sl of income have been met or are fully within the control of the eharty. There is sufficient certainty that receipt of the income is COnSKlered probable" and The amount can be measured rdiably. (iv) IX)natsd goods and s•Thlces Clothing and other items donated for rese through the charity's shop or for distributi as part of a charitable a¢tivity are recognised as income when the charrty has control over the item, any conditions asswated with the donated ilem have been met. the receipt of economic benefit from the use by the tharity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 1021. general vdunteer time is not recognised. Refer to the Trustees. annual report for more irrformation about their contribution. (v) Inlerest rnceiv•ble Intest on funds held on deposit is induded when receivable and the amount can be measured reliably by the charity.. this is normally upon notrficalion of the interest paid or payable by the bank. (w) Ftsnd Aecountin9 Unrestricted funds are available for use al the discretion of the Truslees in furtherance of the objective5 of the charity. t)esignaled funds comprise unrestricted funds that have been set aside by the Trustees for particular Purposes. General funds may be transferred lo designated funds where Trustees wish lo use these funds for a specific purpose. Such furKJs may be Iransferred back lo general funds once the criteria for the designation have been met or are no longer appluble. Restricted furJs are sui4'ecled lo restrictions on their expenditure imposed by the donor or through the terms of the appeal. 17
Abaana Ministries Notes to the financial statements For the yèar ended 31 December 2025 (vii) E¥wndilure and ie¢over111e VA T Expenditure is recognised once there is a legal or constructive oblrgalion to make a payment lo a third party, it is probable that setuemenl wll be required and Ihe amount of the obligation can be measured reliaw. Expenditure is daSSrf under the folicmiing actNity headings: Costs of raising funds comprise the costs of operating the charity's shop. promotional and event costs along wlh the associated support costs. Charitable expenditure comprises Ihose costs incurred by the charity in the delivery of ils activities and services for ils beneficiaries. 11 includes ly)th costs that can be allocated drrectly lo such activities and those 51S of an indired nature necessary to 5UPPOrt them. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. (viii) Allocation of support costs Support costs are those functions that assist the wk of charity do not directy undertake chorllable aclivTtres. Support costs indude back-offiee costs. finance. personrtel, payroll and governance Costs which support the chanty's activities. These costs have been allocaled between cost of raising funds and expenditure on charitable activitie5. The bases on which support costs have been allocated are sel out in te 8. (Ix) Tangibk red assets and dew•elation Tangible fixed assets are staled al cost less depreciation. Depreciation is provided at rates calculated to WTrle off the ttt5t or valuation of fixed assets. less their estimated resrdual value, over Iheir ext*cted useful lives on the followirvj basis.. Land and buildings EqLsiprnent. fumiture and fittings Motor Vehides 2% straight line 25% strai9hl line 133.33% SIraht line 25% straight line The carrying values of tangible fixed assets are reviewed for impairment when events or Ghanges in circumstarlces indicale Ihe carrying value may not be recoverable. (x) Intangible fixed assets and amortisalion Intangible assets aCqUid separatdy from a bus$$ are recognised at cost and are subsequently measured al cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised so as to write ¢ffl the cost or valuation of assets less their residual values over their useful lives on the foll¢)wng bases-. Solhvare 20% straight line The carrying values of intangible fixed assets are reviewed for impa¥ment when events or changes in cirwrnstances indicate the Carrying value may not be recoverable. (xl) Deblo Other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepahd after taking aceount of any discounts due. (xii) Cash at bank artd lft hand Cash al bank and cash in hand includes cash and short lerrn highly liouid inveslmenls with a short maturity of three months or less from the dale of acquisrtion or opening of the deposit or similar account. (xlli) Creditors Credrtors are recognised where the charity has a present obligation resultiThJ from a past event that will PTobably result in the transfer of funds lo a Ihwd party and the amount due lo settle the obligation can be measured or eslimaled reliably_ 18
Abaana Ministries Notes to the financial statements For the year ended 31 December 2025 (xivj Flnan¢lal inslntsnents The charity only has financial liabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are normally initially recogni5ed al Iransaction value and subsequently measured al their settlement value the exception of bank loans which are subsequently measured at the carrying value plus accrued InteSt less payMentS. The financing charge lo expenditure is at a constant rale calculated using the effective interest method. (xv) Pensitins The Company eNols staff into a defineil ntribUtIon pension scheme (Nats'onal Employment ' Savings Trusll. Contributions are charged in the statement of finanoal aclrvilies as they become payable in accordance with the rules of the scheme. (xvi) Taxation The company is a registered charty, and Ihe tharilable tax exemptions are therefore being daimed lo the extent that income andlor gains are applicable and applied lo charitable purposes only. These exemptions will remain in place as long as income and expendilufe are applied lo charitable purposes only. {xvlUCrflkal accountlng estlmales andfvdgements In the application of the company's aeeounling polie*s. the Iruslees are required to make judgements. estimates and assumptions about the carrwng amount of assets and liabilities that are not readily apparent from other SOUT$. The eslimales and associated as5umplions are based on historical experience and other factors that we considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptKJns are reVId on an ongoing basis. Revisions to accounting estimates are recognised in the periryj in which the estimate is revised where Ihe revision affects only that period. or in the period of the reViSn and future pericNJs where the revision affects bofh current and fvlure perK)ds. The tTUStees consider that there are material areas ofjudgement or estimation uTrtainty. 2. Status The company has obtained charitable slatU5 With HMRC. referee number XR 23866 and is limited by guarantee not having a share capital. The (J)mpany Ks also registered with the Charity ' Commission for Northem Ireland. reference number 102174. 3. Net Income (expendlture) for the year 2025 2024 This is stated after charging.. Depreciation Auditors, remuneration 6,400 3,360 6,396 3.360 8nd after crediting." Interest receivable 39.446 32,155 19
Abaana Minislries Notes to the financial statements For the year ended 31 December 2025 4. Income from donations and legacies Total 2025 Total 2024 Urtyeslricled R8Stitted Child sponsorship Afrtca teams Africa team projects Choir Groups and corporate fvnding Donations and appeals Other fvndraising events Other income 60,151 31.400 6.621 5,045 6.147 264.421 413 713,475 231,015 126.728 10,323 19.230 223,640 2,555 1.432 773,626 262,415 133,349 15,368 25,377 488,061 2,968 2.526 776,127 100,435 28,492 194,951 6,349 375,435 17,705 3.333 Total inwne from donations andlegacies 375.292 1,328.398 1.703.690 1,502,827 Of the £1,502,827 received by the charity in 2024. £497.232 was unrestricted funds and £1.005.595 was restricted funds. The charity benefits from the invofvemenl and enthusiastic support of ils many votunleers. details of which are given in our annual rewrt. In accordan with FRS 102 and the Charities SORP (FRS 1021, the econom contribution of general volunteers rs not meaSUd in the acownls. 5. Investment incomo All of the charity's investment income arises from money held in interest bearing deposil accounts. 6. Costs of raising funds Tt*al 2025 Total 2024 Advertising and prornotional material Other fundraising costs Shop costs Support costs allocated to shop Support costs allocated lo raising fuThJs 3.247 2.374 928 4,175 2.374 4.022 1.917 22,030 10,862 40.294 46,882 46.882 Total costs of raislng funds 52,503 928 53.431 79.125 Of the £79.125 paid by the charity in 2024, £77.389 was unrestricted funds and £1.736 was reslricled fijnds. 20
Abaana Ministries Notes to the financial statements For tht year ended 31 December 2025 7. Analysis of èxpenditure on charitable actlvttles Total 2025 Total 2024 Child sponsorship Educational fKoiecls Alrica teams Children at risk Choir Support costs allocated to activities 679.437 11.627 404.403 197,479 679.437 11,627 405,420 197.479 631,576 19.669 63,289 ),877 66,160 220,956 7.017 251.733 251.733 Total eXpendire on charltable activities 252,750 1,292.946 1.545,696 1.092,527 Of the £1,092.527 paid by the charity in 2024. £208.529 was unrestricted funds and £883,998 was restsed funds. 8. Analysis of govèrnance and support costs The charity initially idertffjS Ihe costs of its support fvnctM)ns. It Ihen idenlrfies those costs wh relate to the governance function. Having identffied its governance costs, the remaining support costs logelhef th the wvemance Costs are apporboned ben the costs of rarsing funds and charitsble activities undertaken (see notes 6 and 7) in the year. Refer lo Ihe table below for the basis for apportionment and the analysis of support and governance Costs. Ra&rtg Charitable Furnys AcrlwtS Total 2025 Basis c altration 2024 Premises costs Staff costs General ¢)ffice Costs Audit fees Accountancy fees Legal and other professional fees Total Staff tim& Staff cosl Staff time Governance Governanc 9,303 182,110 50.367 3.392 6.480 11.289 216.253 61,120 3,392 6.480 2,396 215.651 48.505 4.432 1.080 34.143 10.753 Governance 81 81 46.882 251.733 298,615 272.112 21
Abaana Ministries Notes to the financial statements For the year ended 31 December 2025 9. Analysis of staff costs, Trustee remuneration and expenses, and the cost of key managemènt personnel 2025 2024 Salary costs Social security costs Pension costs 196,076 10.890 9,287 209,050 12,586 10,035 216,253 231,671 Pension costs are allocated to activrties in tffoporbon to Ihe related staffing $ts incurred and are wholly charged to unreslricled lunds. The charity Trustees were not paid or received any other benefits from employment with the charsty in the year {2024." £nil) neither were they reimbursed expenses during the year {2024.. £nill. No charity Trustee receNed paymeni professional or other services supplied lo the charity (2024.. £nil>. The key management personnel of the charity compnse the Trustees, the Chair. the CEO and the Assistant Directors. The lotsl employee benefits of the key management personnel of the charity were £79.508 {2024.. £75,638). No employee received emoluments exceeding £60.000. 10. Staff numbers 2025 Number 2024 Number Average monthly number of fvll-time equNalents ernployed by the company during the year: 11. Related party transactions None of the Trustees receive remuneration from the charity. A company of which one of the Trustees is a director receNed £14,499 {2024.' £16,218) for the suppty of mailing and postage services lo Abaana during the year. No other Trustee reNed any other benefit from their work with the charity. Any connection between a Trustee or senior manager of the charity with organisations the charily works wth musl be disdosed lo the fvll Board of Trustees in the same way as any other contractU81 relationship byilh a ted paty. A separate company exi515 in Uganda- 'Abaana ministr5, Uganda., This rnpany. registered in Uganda is governed by a Committee of Management consisting of local professionals. Scott Baxter (Abaana Minislries Northem Ireland CEO an(J Company Secretary) also sils on the Committee as the 'lntemational th"rector.' Abaana Ministrie5 Ugando receives lunding from Abaana ministr$, Northern Ireland and carries out the variiyJs projects, activities and expendriure in line with formal agreements aulhorised by Seoll Baxter as the CEO of Abaana Ministfies. Northem Ireland. Funding for projects is forwarded lo Abaana Uganda Ihroughoul the finanryal ye¥. Toial funding transferred to Abaana Ministries Uganda was £1.144.944 (2024.. £744.0(YJ>. Abaana Ministries also has a dose relalKJnship with Fields of Lrfe, a charity which shares Abaana Ministries, passion for Afru - some of Abaana ministrS, eartiesl child sponsorships continue to be administered by Fields of Lrfe. Payments to FdS of Lrfe for these sponsorships amounted to £1.610 {2024. £2,41. 22
Abaana Ministries Notes to the financial statements For the year ended 31 Decemb•r 2025 12. Intangible fixed assets Dévelopmenl Tofal Ct Balance al 1 January 2025 Additions Disposals Balan al 31 DKember 2025 61,440 61.440 61.440 61.440 Accumulated Amtytisation Balance a11 January 2025 Charge for the year Disposals Balance at 31 December 2025 Net book value al 31 December 202S 61.440 61.440 Net book value at 31 December 2024 13. Tangible fixed assets EqunnI Landand Furrnture a Builthrys thn9S Motor Vehftcjes Total Cost Balance at 1 January 2025 Addrtions DiSpoSS Balance al 31 December 2025 120.0 250,913 16.205 16.000 152.205 250,913 370.913 16.205 16.000 403,118 Accumulatsd DepreIn Balance al 1 January 2025 Charge for the year Dispos*s Balance al 31 December 2025 22.200 2,400 16.205 4.330 4,000 42,735 6.400 24,600 16.205 8,330 49.135 Net book value at 31 December 2025 346.313 7,670 353,983 Net book value at 31 December 2024 97,8(NJ 11.670 109.470 The propety al 78 High Street. Bangor. Co Down, BT20 5AZ. was most recently revalued on 22 May 2023 by Independent Propety Estates, 98-100 High Street. Bangor, BT20 4AG al £99.950. 23
Abaana Ministries Notes to the financial statements For the year ended 31 December 2025 14. Debtors and prepayments 2025 2024 Grft aid recewable Incorne recewable Prepayments 97.724 76,552 924 45.345 48.931 146.655 122.821 15. Creditors: amounts falling due within one year 2025 2024 Other accruals 119,855 114,945 119,855 114,945 16. Analysls of charltable funds Analysis of movements in unrestricted funds Balance at 11ng Amounts 31/12r24 FuThls Expended Nel 8alance al Transfers 31112e5 General fund Major donor Choir 3 lour income Shop Partners Cards Designated funds 88,599 13,500 9,257 434 377,895 3.150 2.816 {305.2531 29.154 2,000 112,073} 1434) 130,252} {6251 1g).395 18,650 30,252 625 597.800 597.800 709.590 414.738 {305.253) {12,2301 806,845 Name of unrestricted Fund Description, nature and pune$ of.fund . General frjnd Other unreslricled funds Designated fund Free reserves after alIng for all designated funds Funds available for use al the dIscretn of the Trustees Funds earmafked by the Trustees for the folknwing specific purposes.. BalanGe al Amounts Net Balancè al 31112r24 Funds Expents8d TransleTS 31112125 Oesi nated funds Running costs {11 Designated Fixed assets Designated Infrastructure 150.(M)o 97.800 350.000 150,000 415,423 32.377 317,623 1317.623> s97,8cl 597.800 111 Rurring ¢o#s." Eamiarked rx)ver5 aKwxYn*6 nJnThrKJ costs12024. 6 mrrfi$l 24
Abaana Ministries Notes to the financial statements For the year ended 31 December 2025 Analysis of movements in restrictsd funds Balance at IOrrrg AThxwnts Net 8818nce at 31/12rd4 FuThJs Expended Transfers 31/1V25 Africa team funds Africa team projects Child sponsorship Choir funds Health funds School ft&nds Street children funds Other funds ,429 19.948 821.388 19,446 7.529 72,531 29.475 41.208 231.015 {266,743) 126.729 {137.659) 712.826 (680.366) 10.323 25,698 1,713 654.048 29,769 7.529 67.592 44,898 87.461 17,3051 200 80.107 (3.712) (81.3341 89,912 {76,436) 1,947 77,486 1128.958) 97.725 871.954 1.328.398 (1.293.874) 12,230 918,708 Restricted funds have been grouped in accordants Nwth the expenditure category to whtch Ihey relate. All restricted funds are subjected to reStrlonS on their expendi(ure imposed by the donor or through the terms of the appeal. 17. Income attributed to unrestricted funds. Child S onsorshi Fund.. Abaana maintains a commitm1 to each donor that at least 95% of their child sponsorship donation is used direcuy in Ugantla for Child Sponsorship Ac1Nils. In cases when child sponsorship donors contribute an addilKJnal voluntary amount toward5 the administration and njnning costs of Abaana. these additional volunlary donats.ons are recorded as Unrestrted income upjn receipt. Where Grfl Aid is aplle. it is attn"buted lo UK Support Africa leamg= Direct team payments a recorded within the appf0wte restricted team frjnd. Preagreed team support costs are recorded as unrestricted income. For all other strICted lunds". In order to cover project monitoring and administratNe support costs, beeen 0% and 10% of receipts on all other restrrcted fuThJs is reCOlsed as unrestricted income on the date of receipt. The following princiFAes are applied when calculating the income attributed lo unrestricted fun¢Ys: A rale of 0-5% is applied rf woiecl is undersubscribed. A rale of 5Yo is applied to large funding prOjIS. In all other cases a rale of 10% is appl as standard. 18. Summary of net assets by fund Totsl 2025 unreStrted Reslricled Fixed assets Current assets Creditors.. amounts falling due wthin one year Net assets 415.423 415,423 405.200 1.024,785 1,429,985 {13.778) 1106.0771 {119.8551 806,845 918.708 1,725,553 25
Abaana Ministries Notes to the financial statements For the year ended 31 December 2025 19. Reconciliation of nel cash movement in funds to net cash flow from operating activities 2025 2024 Net (deficit) I surplus in funds Depreciation charge Interest income shown in investing actNlties Decxease l (iruease) in debtors (Decrease) l in¢aSe in Cfedrtors Net cash {expendilure onl I received from operating aCtivitS 144,009 378,856 6,400 6.396 (39,446) (32,155) (23.834) 85,695 4,910 3.374 92,039 442,166 20. Capital commitments Al the year end the Board has authorised (aprtal expenditure in relatKJn lo addilhins to premises refurbishments. which were contract for at amount of £320.986 tM)sl year end. 26