Congo Initiative UK (Company Limited by Guarantee) Annual Financial Report for the year ended 31 December 2024 Registered Company Number: N1657985 Registered Charlty Commisslon for Northern Ireland NIC107268
Congo Initiative - UK Annual Report for the year ended 31 December 2024 Contents Page Board of Directors and Other Information................................................................... Twstees Report.......................................... Statementof Trustees, Responsibilities.....................,.,...................,.........,.............., Independent Examiner's Report... Statement of Financial Activities.......,.... Statementof Financial Position.................................. Notes to the Financial Staternents.... .10
Congo Initiative - UK Board of Directors, Trustees and Other Information Directors Mr Eric Clarke r Olufemi Akinlabi (Chainnan) Mr Jonathan Bimie Mrs Heather Saunders Mrs Heather Snoek Trustees Mr Eric Clarke Mr Olufemi AkIabl Mr Jonathan Bimie Mfs Heather Saunders rs Heather Snoek Registered Address 7 lThvin Pl Donaghcloney Craigavon BT66 7LN Banker5 AIB Dungann County Tyrone BT70 1AZ Company Number N1657985 Charity Commlsslon Northern Ireland Number NIC107268
Congo Initiative - UK Directors, and Trustees, report for the year ended 31 December 2024 The Directors and Trustees present their report and the unaudited accounts for the year ended 31 December 2024. Structure, goveman¢e and management The charity is an incoFpJrated body arml is under the o)ntrd of Ihe Directors and Truslees as detsiled out in the charity constitution. The charity is recognised as a charity under the Chanty Commission for Northem Ireland as at the date of registrakn'on being the 6 Febfuary 2019. Organisation The Directors and Truslees who have served during the year are detsiled out on page 3. The Directors and Truslees are expected to play several key rc4es in Ihe njnning of the tharity including fvndraising, govemance, financ4al budgeting and auditing, evaluation and assessment of the organisatson's mission and strategic goals, resource devdopment, public Fdicy and adv(racy, and marketing and communicat¥)n, Public Benefrt The directors and Trustees believe that both the purposes arxl the activities undertaken In this last financial year dearfy satisfy both elements of the public benefit requirement Funds have been rald from small Irusts and foundations in UK, churches and individuals. Advocacy has continued in the UK thr(xJgh faiih gfOUPS and interested parties allhough fundraising acttvÉti'es have been (xjrtailed due to the Covid pandemic lockdown. Work in the eastem part of the Democrth'c Republic of Congo has teen curlailed due to contsnued ethnic viclence and insecurity. With the a[rn inlerventsons of the armies of Kenya and Uganda in support of the national amiy, there is the danger of Increas military aclivity. However. In spite of these dcUIts.es, various CI-UK funded prryects have CtinUed such ag the hvo pnmary schools, the counsdling cenlre, the Mangina trade scFiTh)I, and the Université Chrétienne Bilingue du Congo IUCBC). A camws-wide clean water system has been completed al UCBC with a deep well water pump. Land has been purchased for the Mangina trade schod wFth money from the Bob McAllister Memonal Fund. Statement of Public Benefit The chan'ty is organised and shall be operated exdusNely for charitable, scients'fic. literacy, gjucatson aNI religious purposes and lo foster the prevention of cruelty lo children, gender abuse and actively support environmental protection. These benefits are evidenced by regdar and substsntsl suptM)r( finan¢ial and practical for a number of key projects. Currenlty the Charty is aclivety engaged in develwng a trade school In addition lo continued support of La Charité primary school and the UCBC university. The chartbes beneficianes are all those whose needs bring them within the ambit of the charity's support. Any pnvate benefit is incidenlal and necessary lo ensure the organisation achieves ils purFose. AJI funds recewed by the charity shall be dedicated and invested solely for such pury)oses. Aims and Objectives The vision of the charity is lo model, nurtsjre and shape an authentic cotnmunity of Chrisfs folbwers whose calling is to transfom society in the Democratic Republic of Congo. The charity hopes to train and develop strong indigenous leaders to transform their communitses in their nakn'on of Congo by building civil society on Christsan principles of socials lustr. for the common g(xxJ. The over811 wrpose of Congo Inib'ab've UK is the transfomation of the Demccrabc Republic of Congo through holisb'c devdopment of leaders who bring hope and healing to individuals, communrLies and Ihe nalron.
Congo Initiative - UK Flnancial Review and Reserves The principle sources of incoffle are mainly from grfts and donatsons. The annual accounts show a surplus for the year of £8,634. The tsustees still believe that the charity is in a 9)(xl financial position. The Directors and Trustees will continue to aclively seek financial suprK)rt in order to comrnen* new projects in the Democratsc Republic of Congo. y order of the Board Mr Erlc Clarko Dlr•¢tor and Trusts8 Date
Congo Initiative - UK
Statement of Directors, and Trustees. Responsibllltles
The Direct( 8Th1 Trustees a reStIe Dirths. Tntstees. AMu81 Repjt
Acwjnts in acc(xdarKe apph'(th law Uniw Starth5.
law applubEe lo charilie5 in N(Nlhem Irel requires threcttys aThJ Injslees to prye financial stateThthts
for eath finanoa year, Under that law the twslees have wepared the finarwl statements in a(xudae with
Generalty Accepted AcctwntiNJ PfactK In ts unl KIryd la(xxwnliThJ iswd by ts FirnncAI
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by the Insi'ttrte ot Chartered 1£cnIants in Ihe Uniled rj aThJ United lfjr Law). that
dIrectC and trustees musl Ml approve ts finar Stslemts tsy are satisw that they live a tru8
fair view ol the state ol affarn of and Of1 finama ol fix that wio
In prepariro Ifw accwnts, Iho di[th trustses are rgwwed kn f(kn best wxbce and:
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Congo Initiative - UK Independent examiner's report to the trustees of Congo Initiative UK for the year ended 31 December 2024 I report on the accounts of the Trust for the year ended 31 Decemter 2024, vthich are set out on pages 8 ÉO 13. Respectlve responsibilitles of charlty trustees and examiner As the charity's directors and truslees, you are responsible for the preparation of the accounts in a¢0)rdan with the Companies Act 2006. Having been satisfied that the chanty is not subject to audit under company law, and is eligible for independent examiiatton, it is my understanding to: examine accounts under section 65 of the Charities Act (Northern Irdand) 2008 follow the prccedure laid down In the general directs'ons gNen by the Commission under section 65(9llb) of the Charities Act {Northem IreLandl 2(NJ8. Stsle whether partiajlar matters have ccffle to my attenti. Basls of Independent examlnef s report I have examined your charity accounts as required under sedion 65 of the Charities Act and my examinallon was carried out in accordance with the general Directions given by the Chaiily Commission for Northern Ifeland under section 6519llbl of the Charities ACL My Examination included a review of the accounting records kept by the chanty and a o)mparison of the accounts presented with those records.11 also included consideration of any unusual ttems or disdosures in the accounts, and seeking explanations from you as charity directots and trustees COnming any such matters. My role is also lo state whether any malerial matters have c(xne to my attenti giving Me cause lo believe.. 1. That accounth'ng records were not kept in accordance with section S96 of the Companies Act 2006 2. That the accounts do not accord with those accounkn'ng ordS 3. That the accounts do not comply with the accnting requirements of sectson 396 of the Companies Act 2006 and wrth the methods and princ4ples of the Charit5es Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Repotbng Standard applicatrAe in the United Kingdom and the Republic of Ireland. 4. That there is futher informats'on needed for a proper understanding of the accounts to be reached Independent examiner's ststement I have completed my examination and have no concems in respect of Ihe matters 110 4 Iisied above and. in conneth'on with followng the Directions of the Charity Ccrtnmission for Northem Iland, I have found no matters that qui drawing of your attention. Iz Stuart Cornpston FCA Chartered Accountanl with Chartered Accountants Ireland 105 Derryraine Road Collone Am)agh BT60 1LL Date
Congo Initiative. UK Statement of Financial Activities for the year ended 31 December 2024 Unrestricted Restricted Total Funds Funds Funds 2024 2024 2024 Totsl Funds 2023 Notes Incomin Resources.. Voluntary income Gifts and Donations Gift Aid Tax Refund other income Activities to Generate Funds Investment and Olhgr Income 13,605 55 75,320 88,925 55 35,520 Total Incoming Resources 13,660 75,320 88,980 35,520 Resources Ex ended.. Charitable Activities Charitable Donations Charilable Activily Administration Costs 47,680 16,194 47,680 25,576 7,090 50,600 2,474 696 9,382 7,090 Total Resources Expended 16,472 63,874 53,770 Net Income for the year (2,812) 8,634 {18,250) Gross Transfers between funds Net Incomel(Expense) for the year (2,812) 11,446 8,634 118,2501 Reconciliation ot Funds Total funds brought forward 23,919 8,464 32,383 50,633 Total Funds to Carry Forward 21,107 19,910 41,017 32,383
Congo Initiative - UK Balance Sheet as at 31 December 2024 Employment of Capltal Unrestrfcted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Notes Flxed Assets Tangible Assets 1,632 1,632 1,632 Currenl Assets Cash at Bank and in Hand 19,47S 19,910 39,385 30,751 Current Liabilitles Sundry Creditors and Accruals Net Current Assets 19,475 19,910 39,385 30,751 Total Assets Less Current Llabllltles 21,107 19,910 41,017 32,383 Funds Unrestricted Funds Restricted Funds 21,107 19,910 23,919 8,464 For the year ended 31 December 2024, the company was entitled to an exemption from audit under saclion 477 of the Companies Act 2006 relating to small companies. The directors and trustees have not required the company lo cl)tain an audit of ts financial slalements for the year ended 31 December 2023 in accordance with sethon 476 of the Companies Act 2006. The ditOrS and trustees acknov•ledge their responsibilib'es for.. A) Ensuring thal the company keeps proFer accounb'ng records which L))mpty sections 386 and 387 of the Companies Act 2006 and Bl Preparing financial statemenls which give a true and fair view of the stale of the affairs of the company as 8t the end of each financial year and its profil or loss for each financial year in accordan with the requirements of section 394 and 395 and which otherwise ojmply wrth the requirements of the Companies Act 2006 relalirKJ lo financial statements, so far as applicable to the company. The financial statements have been prepared and ddivered in a¢0)rdan with provisions applicable to companies subject to the small companies, r&Jime. These financial statements were approved and aulhorised for issue by the Board on the 12 May 2025 and were signed by.. Mr Eric Clarke Director and Trustee
Congo Initiative - UK 10 Notes to the accounts for the year ended 31 December 2024 Principal accounting pollcies The financial statements have been ppared in accffdance appli12ble Accounting Stsndards in the United lfjngdom and the Charities Act (Northem Ireland) 2008. A summary of the more important accounting policies, vthich have been applied consistenuy, is set out below. Basis of accounting The financial stalemenls are prepared in accordance th the histori1 st Convention modified by the revaluatIc of certain fixed assets. Taxation The chanty is exempl from tax on its charitable activib'es. Restricted Funds Restncled funds are accounted for in accordan with the particular tenTh of trust arising from the expr or implied wishes of the donors in so far as these are intended to be binding on Ihe charity. Where such wishes are not intended lo be binding, they are taken into account and recognised in appropnately designated funds. Unrestricted Free Reserves Free Reserves represent amount which afe expendable at the dIson of the trustees in furtherance of the objectives of the charity and which have not been designated for any other PUfFose. Such fvnds may be held in order lo finance working capital or capital expenditure. Incoming Resources Voluntary income or capital is induded in the Statement of Financial Activities vthen the charity is legalty entitled to it, its financial value can be quantified wlh feasonable certainty and there is reasonable certainty of its ultimate receipt. Enlillement lo legacies is considered established when Ihe charity has been notified of a distribulion to be made by the executors. Income ceiVed in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activib'es are recognised as income when the related crmdib'ons for legal enb'llemenl have been met. Al other income is accuinted for on an accrual basis. Resources Expended Al resources expended are accounted for on an accrual basis. Charitable ath'vikn'es include costs of services and grants, support costs and depreaal1 on related assets. Costs of generatiThJ funds similarly indude furKlraisiTVJ activities. Non -stsff costs not attributed lo one category of activity are allocated or apportioned pr¢iral lo the slaffing of the relevant service. Finance, HR and administrative staff costs are directy attribulable to individual activitses by objective. Govemance o)sts are those ass(Liated with constitutional and statutory requirements. Tangible red assets No Provision for deprecialton ¢)n fixed assets is made in these accounts.
Congo Initiative - UK 11 Gifts and Donations Unrestricted Restrlcted Totsi 2024 Total 2023 2024 2024 Nothem Irek8nd Church Donations Donations from Tnjsts General Donations CAF 2,400 72,920 2,400 77,000 8,855 670 88,925 4,080 8,855 670 13,605 29,000 6,226 294 35,520 75,320 3 Charitable Donatlons Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Congo Initiative - DRC 47,680 47,680 47,680 47,680 50,600 50,600 4 Charltable Actlvlty Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Fundraising Travel Costs Development Expenditure 8,566 816 8,566 5,010 12,000 25,576 334 2,140 4,194 12.000 16,194 9,382 2,474 Adminigtratlon Costs Unrestricted Restricted 2024 2024 Total 2024 Total 2023 Bank Fees Accountancy Computer Expenses FR Coordinator Role Office Materials 111 111 190 407 5,849 533 7,090 114 200 407 5,849 533 382 696
Congo Initiative . UK 12 6 Tangible Assets Equipment Total At1 January 2024 Additions Disposals At 31 December 2024 1,632 1,632 1.632 1,632 Depreciation Al 1 January 2024 Charge Disposa At 31 December 2024 Net Book Value At 31 December 2024 1,632 1,632 At 31 December 2023 1,632 1,632 7 Sundry Creditors and Accruals 2024 2023 Accruals Movement in Funds Incoming Resources Movement Resources Expended In Funds Unrestricted Funds General Fund 13,660 (16,472) 12,8121 Restricted Funds Restncled Funds 75,320 (63,874) 11,446 Total Funds 88,980 180,346) 8,634
Congo Initiative - UK 13 9 Net Movement In Funds, included in tho above as follows: At the Movement Transfers 0110112024 In Funds inllout) Transfers In Funds At the 3111¥2024 Unrestricted Funds General Fund 23,919 (2,812) 21,107 Restrlcted Funds LA Charite - Primary Schocl Office Printer UCBC Memonal Fund CI UK DeveIoprrnt Support Centre for Renewal & Global Mission Prc4Jrdmm& Bethesdas Counsdling Centre Total Funds 6,200 250 (1,800) 4,400 250 240 2,014 10,000 3,006 240 2,014 10,000 3,006 32,383 8,634 41,017 10 Dlrectorfs and Truste•'s Remuneration and Benefrts There were no Director's or Truslee's remuneration, or other benefits made during the year ended 31 December 2024, There were no Director's or Truslee's re1mrsed for appioved expenses incurred in c(mneclion with the Charity dunng the year ended 31 December 2024.