Congo Initiative UK
(Company Limited by Guarantee)
Annual Financial Report
for the year ended 31 December 2023
Registered Company Numb8r: N1657985
Registsred Charlty Commission for Northern Ireland NIC107268

Congo Initiative - UK
Annual Report for the year ended 31 December 2023
Contents
Page
Board of Directors and Other Information...
Trustees Report...
Statement of Trustees, Responsibilities..........................
Independent Examiner's Report...............
Statementof Financial Activities...........................
Statement of Financial Position.........................
Notes to the Financial Statements.........................
.10

Congo Initiative . UK
Board of Directors, Trustees and Other Information
DireGtors
Mr Eric Clathe
Mr Olufemi Akinlabi {Chaiman)
Mr Jonathan Bimie
Mrs Heather Saunders
Trustees
Mr Eric Clarke
Mr Olufemi Akinlabi
Mr Jonathan Bimie
Mrs Heather Saunders
Regl8tered Address
285a Woodstock Road
Belfast
8T6 8PR
Bankers
AIB
Dungannon
County Tyrone
Brio 1AZ
Company Number
N1657985
Charlty Commlsglon Northem Ireland
Number
NIC107268

Congo Initiative . UK
Directors, and Trustees, report for the year ended 31 December 2023
The Directors and Trustees present their report and the unauditwj accounts for the year ended 31 December 2023.
Structure, govern8nGe and management
The charfty is an incorporated body and is under th8 control of the Directors and Truste8s as detailed out in the
charity conskn'tution. The charity is recognised as a charity under the Charity Commission for Norlhern Ireland as at
the date of registration being the 6 February 2019.
Organlsatlon
The Directors and Trustees who have served during the year are detsiled out on pag8 3. The Directors and Trustees
are expected to play several key roles in the running of the charity including fvndraising, governance, financial
budgeting and auditing, evaluation and assessment of the organisation's mission and stratsgic goals, resource
development, public policy and adv¢xacy, and markating and communication,
Public Benefrt
The dlreclors and Trustees belleve that both the purposes and the activities undertaken in thls tast financial year
clearty satisfy both elements of the public benefft requir8ment.
Funds have been raised from small trusts and foundations in the UK, churches and individuals. Advocacy has
conllnued in the UK through faith groups and interested parties although fundraising actsvities have been curtailed
due to the Covid pandemic lockdown.
Work in th8 eastsm part of the Democratic Republic of Congo has been curtailed due to continued ethnic violence
and Insecurity. Wilh the amed interventions of the amiies of Kenya and Uganda In support of the national army,
Ihere is the danger of increased military activity. However, in spite of these difficultl88, various CI-UK funded projects
have continued such as the tsvo primary schools, the counselling centre, the Mangina trade school, and the
Universita Chrétienne Bilingue du Congo (UCBC). A campus-wide clean water system has been completsd at UCBC
wlth a deep well water pump. Land has been purchased for the Mangina trade school with money from the Bob
MGAllister Memorial Fund.
Statement of Public Beneflt
The charity 15 organis8d and Shall b8 Operated exdusively for charitable, scientific, literacy, educalion and religiou8
purposes and to foster the preventlon of cruelty to children, gender abuse and adively support 8nvironmentsl
protectlon. These benefits are evidenced by regular and substantial support, both financial and practlcal for a number
of key projects. Currently the Charity is actively engaged in developing a trade school in addition to contsnued
support of La Charité primary school and the UCBC university. The charities beneficianes are all those whose needs
bring them within the ambit of the charity's support. Any private benefil is incidental and necessary to ensure the
organisation achieves its purpose. All fvnds received by the charity shall be dedlcated and invested solely for such
purposes.
Alms and Objectlves
The vision of the charity ts to mc#Jel, nurture and shape an authentic community of Chrisys followers whose calling is
to transform soaety in Éhe Democratic Republic of Congo. The charity hopes to train and develop strong indigenous
leaders to transfom their communities in their nab'on of Congo by building civil society on Christj'an principles of
socials justice for the common good.
The overall purpose of Congo Initiatwe UK is the transfonnation of the Democratic Republic of Congo through holistic
development of leaders who bring hope and healing to individuals, communities and the nation.

Congo Initiative . UK
Financial Revlew and Reserves
The principle sources of income are mainly from grfts and donations. The annual accounts show a deficit for the year
of £18,250. The trustees still believe that the charity is in a good financial position. The Directors and Trustees will
continue to actively seek financial support in order lo cornmen￿ new projects in the Democratic Republic of Congo.
By order of the Board
107oF/IL)L4
Mr Erlc Clarke
Dlr6ctor and Trustèe
Date

Congo Initiative- UK
Statement of Directors, and Trustees, Responsibllities
The Directors and Trustees are responsible for preparing the Directors, and Trustees, Annual Report and the
Accounts in accordance vith the applicable law and United Kingdom Accounting Standards,
The law applicable to charities in Northem Ireland requires the dlreGlors and Injslees to prepare financial slatements
for each finanaal year. Under that law the trustees have prepared Ihe finanrjal statements in a￿ordane2 with
Generally AC￿pIed Aco)unting Practice In the Uniled Kingdom laccounling standards issued by the Financtal
Reporting Council in the UK, including Charities SORP IFRS 102). Accounting and Reporting by charilies..
Statements of recommended practice applicable to Gharilies preparlng their acrA)unls in accordanGe with the
Financial Reporting Standard applicable in Ihe United Kingdom and Republrc of Ireland (FRS 102) and promulgatéd
by the Institute of Chartered Accounlanls in the United Klngdom and United Kingdom Law). Under thal law the
directors and Iruslees must not approve the financial statements unless they are satisfied that they give a Inje and
fair view of the stale of affairs of the charity and of Ihe financial aGb'vits'es of the charity for that period.
In preparing these accounts, the directors and Irustees are required lo follow best practice and:
select suitsble accounting policies and then apply them consistenlly;
obseTV6 the methods and principles in the Charities SORP;
make judgements and estlmates that are reasonable and prudent;
stste whelher the applicatlon of accounting standard8 have been followed, sublecl to any material
departures disclosed and explained the accounts.,
prepare tha accounts on the golng concem basis unless il is inappropri81e to presume Ihat the charity will
continue in business.
The direclors and trus188s are responsible for keeping proper accountlng records which disclose with reasonable
accuracy at any time the financial posits'on of the charity and to enable them to ensure Ihal the accounls comply wlth
the Charities Acl (Northem Ireland} 2008 and th8 Charity (Accounls and Reports) Regulations (Nothem Ireland)
2008. They are 81$0 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for
the prevention and detection of fraud and other irregulari*'8s.
Dlrectors and Tntslees are responsible for the maintenance and integrity of the corporate and financial infomiation
included on Ihe charilies website, Legislation in the Uniled Kingdom governing the preparalion and dissemination of
financial stslements may differ from legislation in otherjurisdiclions.
By order of the Board
Mr Olufe
Dlrector and T
labl
tee
Dat

Congo Initiative- UK
Independent examiner's report to the trustees of Congo Initiative UK for
the year ended 31 December 2023
I report on the accounts of the Trust for the year ended 31 De￿rnber 2023, which are set out on pages 8 to 13.
Respective responsibilities of charlty trustees and examiner
As the charity's directors and trustees, you are responsible for the preparation of th8 accounts in accordance with the
Companies Act 2006. Having been satisfied Ihat the charity is not subject to audit under company law, and is eligible
for independent examination, it is my understanding to:
examina the accounts under section 65 of the Charilies Act (Northem Ireland) 2008
follow th8 procedure laid down in the general directs'ons given by the Commission under section 65{91(bl of
the Charities Act (Northem Ireland) 2008.
stste whether particular matters have come to my attentic￿.
Basls of Independent oxamlnerfs report
I hav8 examined your charity accounts as required under section 65 of the Charities Act and my examination was
carried OLrt in accordance With the general Directions given by the Chaiity Commission for Northem Ire18nd under
section 65191(b) of th8 Charilies Act.
My Examination included a Miew of th8 accounting records kept by the chartty and a comparison of the accounts
presented with those records. It also induded consideration of any unusu81 items or disdosures in the accounts, and
seeking explanations from you as charity directors and trustees conGerning any such mattsrs.
My role is also to stste whether any matsrial matters have come to my attention giving me cause to believe:
1. That accounting rocords were not kept in accordance section 386 of Ihe Companies Act 2006
2. That the accounts do not accord with those accounling records
3. That the accounts do not comply with the accounts'ng requirements of section 3% of the Companies Act
2006 and with the Me￿dS and principles of the Charities Statement of Recommended Practsce applicable
to charities preparing their accounts in acGordanc8 with the Finanoal Reporting Standard applicable in the
United Kirodom and the Republic of Ireland.
4. That there is fvrther information needed for a proper understsnding of the accounts to be reached
Independent examlnerfs statement
I have completed my examination and have no concems in respect of the matters1 to 4 listed above and, in
connection with following the Directions of th8 Charity Commission for Northem Ireland, I hav8 found no matters that
require drawing of your attention.
art Compston FCA
Chartered Accountsnt with Chartered Accountsnts Ireland
105 Derryraine Road
Collone
Arniagh
BT60 1LL

Congo Initiative - UK
Statement of Financial ActNlties for the year ended 31 December 2023
Unrestrlcted
Restrfcted
Total
Funds
Funds
Funds
2023
2023
2023
Total
Funds
2022
Notes
Incomln
Resources..
Voluntary income
Gifts and Donations
Gift Aid Tax Refund
Other income
Activities to Generato Funds
Investment and Other Income
6,520
29,000
35,520
41,041
Total Incoming Resourc88
6,520
29.000
35,520
41,041
Resources Ex
nded..
Charitabl8 Activities
Charitable Donations
Charitsble Actlvity
Administration Costs
50,600
50,600
2,474
696
14,200
2,048
452
2,474
696
Total Resources Expended
3,170
50,600
53,770
16,700
Net Income for tho year
3,350
(21,600)
{18,250}
24,341
Gross Transfers between funds
Net Incomel(Expens8} for the year
(700)
2,650
700
(20,900)
(18,250)
24,341
Reconclllatlon of Funds
Total funds brought fOr￿ard
21,269
29,364
50,633
26,292
Totsl Funds to Carry Forward
23,919
8,464
32,383
50,633

Congo Initiative . UK
Balance Sheet as at 31 December 2023
Employment of Capital
Unrestricted Restricted
Funds
Funds
2023
2023
Totsl
Funds
2023
Total
Funds
2022
Notes
Fixed Assets
Tangible Assets
1,632
1,632
1,632
Current Assets
Cash at Bank and in Hand
22,287
8,464
30,751
49,001
Current Llabilities
Sundry Creditors and Accruals
Net Current Assets
22,287
8,464
30,751
49,001
Total Assets Lass Current Liablllties
23,919
8,464
32,383
50,633
Funds
Unrestricted Funds
Restricted Funds
23,919
8,464
21,269
29,364
For the year ended 31 December 2023, the company was entitled to an exemption from audit under section 477 of
the Companies Aci 2006 ￿latIng to small companies.
The direGtors and trustees have not required the company lo obtain an audit of its financial statements for the year
ended 31 D￿ernber 2023 in accordance with section 476 of the Companies Act 2006.
The directors and trustees acknowledge their responsibilities for,.
A) Ensuring that the company keeps proper accounting records which comply wlth sections 386 and 387 of the
Companies Act 2006 and
B) Preparing financial statements which give a true and fair view of the stale of the affairs of the company as at
the end of each financial y22r and its profit or loss for each financial year in accordance with the
requirements of section 394 and 395 and which otherwise comply with the requirements of the Companies
Act 2006 relabng to financial statements, so far as applicable to the company.
The financial statements have been prepared and delivered in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved and authorised for issue by the Board on the 28 February 2024 and were
signed by..
Mr Eric Clarke
Director and Trustee

Congo Initiative - UK
10
Notes to the accounts for the year ended 31 December 2023
Prlnclpal accountlng pollcles
The financial statements have been prepared in accordan￿ applicable Accounting Standards in the United Kingdom and the
Charities Act (Nothern Ireland) 2008. A summary of the fflore imFQrtant accounting policies, which have been applied
consistenlly, is set out below.
Basis of accounting
The financial statements are prepared in accordance with the histori￿1 ￿)st convention modified by the revaluation of certain fixed
assats.
Taxatlon
The charity is exempt from tsx on its charitable activities.
R8strlct8d Funds
Restricted fvnds are accounted for in accordanck with the parb'cular terms of trust arising from the express or implied wishes of the
donors in so far as these are intended to be binding on the charity. Where such wlshes are not intended to be binding, they are
taken into account and recoJnised in appropriately designated funds.
Unrestrlctsd Free Reserve8
Fr88 Reserves represent amount which are expendable at the discretion of the trustees in furtherance of the objectives of the
charity and whlch have not been designated for any other purpose. Such funds may be held in order to finance working capital or
capital expenditure.
Incomlng R88ourc8s
Voluntary Income or capitsl is included in the Ststement of Financial Activities when the ch8rlty Is18gally entitled to it, its financlal
value can be quantified with r8asonable certainty and there is reasonable certainty of its ultimate receipt. Entil8m8nt to18gacies is
considered 8stsblished when the charity has been notlfied of a distribution to be made by th8 executors. Income received in
advance of due performance under a contract is accounted for as deferred income until eamed. Grants for activities are
recognised as income when the related conditions for legal entiuement have been met. All other income is accounted for on an
acGrual b8sIs.
Re8ource8 Expended
All r8sources expended are accountsd for on an accrual basis, Charitable actiMti8s include costs of sepiices and grants, support
costs and depreciation on related assets. Costs of generatirKJ funds similarfy include fundraising activities. Non -staff costs not
athibuled to one category of actimty are allocated or apportj'oned pro-rat to the stsffing of the relevant seNice. Finance, HR and
administrative slaff costs are directly attributsbla to individu8J ath'vities by objeclive. Governance costs are those associatsd with
constitutional and statutory requirements.
Tangible fixed assets
No Provision for deprecialion on fixed assets És made in these accounts.

Congo Initiative . UK
11
2 Glfts and Donations
Unrestricted Restrictsd
2023
2023
Tolal
2023
Total
2022
Christian Fellowship Trust
Sally Philips Trust
Ardbarron Trust
General Donations
CAF
8,000
2,000
25.000
5,747
294
41.041
2,000
27,000
2,000
27,000
6,226
6,226
294
6,520
29,000
35,520
3 Charltsble Donallons
Unrestrlcted Restrlcted
2023
2023
Total
2023
Total
2022
Congo Initiatsve - DRC
50,600
50,600
50,600
50,600
14,200
14,200
4 Charltable Activlty
Unroslrlcted Restrlcted
2023
2023
Totsl
2023
Total
2022
Fundralslng
Travel Costs
Programme Costs
334
334
233
2,140
2,474
2,140
2N74
1,815
2,048
5 Admlnl8tratlon Costs
Unr•$trfct•d R•stri¢tod
Totsl
2023
Total
2023
2023
2022
Bank Fees
Accountancy
Office Matsrials
114
89
200
163
452
200
382
696
382

Congo Initiative . UK
12
6 Tangible Assets
Equipment
Total
Cost
At 1 January 2023
Additi'ons
Disposals
At 31 December 2023
1,632
1.632
1,632
1,632
Dopreciatlon
At 1 January 2023
Charge
Disposals
At 31 December 2023
Net Book Value
At 31 December 2023
1,632
1,632
At 31 December 2022
1,632
1,632
7 Sundry Crndltors and Accruals
2023
2022
Accruals
Movement in Funds
Incomlng Resources Movement
Resources Exp8nded In Funds
Unrnstrfcted Funds
General Fund
6,520
(3,170)
3,350
Restrictsd Fund$
Restiict8d Funds
29,000
($0,600)
(21,600)
Total Funds
35,520
(53,770
(18,250

Congo Initiative - UK
13
Nat Movement In Funds, Included In the above as follo￿.
At the
Movement Transfers
0110112023 In Funds
inl(out)
Transfer5
In Funds
At the
3111212023
Unrestrfcted Funds
General Fund
21,269
3,350
(700)
23,919
Restrlcted Funds
LA Charite - Primary School
Office Printer
UCBC
Memor181 Fund
Tolal Funds
6,000
250
19,100
200
6,200
250
{19,800)
2,000
18,250
700
2,014
32,383
10 Dlr•¢tols and Trustee's Remuneratlon and Benefits
There were no Dlrectorfs or Trustee's remuneration, or other ben8fits made during the year ended 31 December 2023.
There V￿re no Directorfs or Trustee's reimbursed for approved expenses Incurred in connection with the Charity during the
year ended 31 D8cemb8r 2023.