Charity number: XR29780 Company number: N1035616 Friends Of Afriea Missionary Endeavour Limited (A eompany limited by guarantee) Trustees, report and financial statements for the year ended 31 March 2025
Friends Of Africa Missionary Endeavour Limited (A company limited by guarantee) Contents Page Legal and athninistrative information Tnte¢s, report Independent examiners, report Statement of financial activities Statement of Financial Position Notes to the Accounts 8-12
Friends Of Africa Missionary Endeavour Limited (A company limited by guarantee) Legal and administrative inforniation Charity number XR29780 Company registration number N1035616 Registered office 25-27 Edward Street Portadown County Arniagh BT62 3NE Trnstees David Garrett Rodney Davidson Jordan Davidson Jonathan Lockhart Gordon Martin Secretary Gordon Martin Accountants S D Brown & Company Carnegie Building 25-27 Edward Street Portadown Co Arniagh BT62 3NE Bankers Danske Bank 35 High Street Newtownards Co Down Page I
Friends Of Africa Missionary Endeavour Limited (A company limited by guarantee) Report of the trustees (incoryorating the directors, report) for the year ended 31 March 2025 The trustees present their report and the financial statements for the year ended 31 March 2025. The trustees, who are also director5 of Friends Of Africa Missionary Endeavour Limited for the purposes of company law and who served during the year and up to the date of this report are set out on page l. Structure> governallce and management The company is constitued by it's Memordndum and Articles of Associatiory and limited by Guarantee, having no Share Capital. Only persons who subscribe to the obje¢ts expressed in the Memorandum of Association of the Company. and are appointed by the Executive Committee, or the company in a General Meeting can be admitted as Trustees. RISKS The Executive Committee has conducted its own review of the major risks to which the company is exposed, and systems have been established to mitigate those risks. In order to minimize internal risks, and to ensure the consistent quality of delivery for all operational &spects of the company procedures for authorization of all transaction5, and projects have been implemented. Objectives and activities Principal Activity The prtncipal activity of the charity is missionary work in Africa. Achievements and perforn]ance Many individuals and their families have been aided through the work of the Clinic in Kenya. It is hoped that the income by way of donations will continue at a rate which will sustain this work and develop the ministy of Friends of Africa Missionary Endeavour Limited. Financial review The results of the company for the year are detailed on pages 5 to 12. Plans for future periods For the next 12 months we are committed to continuing our work in Africa. Fullds held as custodian trustee on behalf of others No fiJnds are held as Custodian on behalf of others. Page 2
Friends Of Africa Missionary Endeavour Limited (A Company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 Statement of trustees, responsibilities The trustees (who are also directors of Friends Of Africa Missionary Endeavour Limited for the purpose of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trnstees to prepare financial statements for each fmancial year which give a trne and fair view of the state of affairs of the charitable company and of the incoming resources and application of resouice5, including the income and expenditure, of the charttable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them CODSiStently; observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent" state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will Continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Cornpanies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provisions This report has been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. On behalf of the board David Garyett Director 20 November 2025 Page 3
Friends Of Africa Missionary Endeavour Limited (A company limited by guarantee) Independent exan)iner's report to the trnstees oll the unaudited fmancial statements of Friends Of Africa Missionary Endeavour Limited. I report on the accounts of Friends Of Africa Missionary Endeavour Limited for the year ended 31 March 2025 set out on pag¢52toll. Respective responsibilities of trustees and independent examiner As the charity trustee5 (and also the directOT5 of the company for the PUTposes of company law) you are responsible for the prepardtion of the accounts in accordance with the requir¢ments of the Companies Act 2006. Having satisfied myself that the charity is not sllbjt to audit under company law, and is eligible for independent examination, it is my responsibilty to: l) examine the accounts under Section 65 of the Charities Act 2) follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act 3) state whether particular matters have come to my attention. Basis of independent examiner's statement I have examined your charity accounts as r¢quired under section 65 of the Charities Act and my examination wa5 carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the chaTIty and a comparison of the accounts presented with those records. It also included considerdtion of any unusual items or disclosures in the accounts and seeking explanations from you as charlty trSteeS concerning any such matters. My role is to state whether any Material matters have come to my attention giving me cause to believe: a) that accounting records were not kept in accordance with section 386 of the Companies Act 2006 b) that the accounts do not accord with those accounting records c) that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting standa applicable in the UK and Republic of Ireland d) that there is fijrther inforniation needed for a proper understanding of the accoimts to be reached Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (a) to (d) listed above and in connection with following the Directions of the Charity Commission for Northern Ireland, i have found no matters that require drawÉng to your attention. Samuel David Brown Independent examiner S.D. Brown & Company Carnegie Building 25-27 Edward Street Portadown Co. Armagh BT62 3NE 21) November 2025 Page 4
Friends Of Africa MRssionary Endeavour Limited (A eompaDy limited by guarantee) Statement of financRal activities {ineorporating the income and expenditure account) For the year ended 31 March 2025 Unrestricted fullds 2025 Total 2024 TotAI Notes Incoming resources Incoming resources from generating funds: Voluntary income Investsnent income 103,498 5,280 103,498 5,280 133,957 4.722 Total incoming resources 108,778 108,778 138,679 Resources expended Establishment costs Motor and travelling expenses Professional fees Communications and IT Other office expenses Interest payable and similar charges Amounts written (on) / off investments Printing, postage and stationery Promotional costs 132,248 132,248 136,879 2,599 1,554 920 2,038 617 (14,613) 1,576 445 731 627 5,951 542 5,280 1,576 445 731 627 5,951 542 5,280 5,801 Total resources expended 147,400 147,400 135,795 Net incomingl(outgoing) resources for the year I Net incomel(expense) for the year {38,622) (38,622) 2,884 Total funds brougbt forward 561,192 561,192 558,308 Total funds carried forward 522,570 522.570 561,192 The Statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been Prepared. All of the above amounts relate to continuing activities. The notes on pages 8 to 11 form an integral part of these fancial Statements. Page 5
Friends Of Afriea Missionary Endeavour Limited (A company limited by guarantee) Statement of Financial Position as at 31 Mareh 2025 2025 2024 Notes Current assets Debtors Investmellts Cash at bank and in hand 12,254 180,915 331,044 13,077 186,866 362,758 524213 562,701 Creditors: amounts falling due within one year Net current assets (1,643) (1,509) 522,570 561,192 Net assets 522,570 561,192 Funds Unrestricted income fuods 522,570 561,192 Totsl fullds 522,570 561,192 The Balance Sheet continues on the following page. The notes on pages 8 to 11 form an integral part of these fmancial statements. Page 6
Friends Of Africa Missionary Endeavour Limited (A eompany limited by guarantee) Statement of Financial Position (continued) Trustees statements required by the Companies Act 2006 for the year ended 31 March 2025 In approving these financial statements as trustees of the company we hereby confimi that: (a) for the year the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. (b) the members have not required the company to obtain an audtt of its accounts fior the year in question in accordance with section 476. (c) the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. (d) these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial ststements were approved by the board on 20 November 2025 and signed on its behalf by Director David Garrett The notes on pages 8 to 11 form an integral Pvdrt of these financial statements. Page 7
Friends Of Africa Missionary Endeavour Limited (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2025 Accounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year. 1.1. Basis of accounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial reporting Standard Applicable in the UK and Republic of Ireland(FRS 102) (effective l January 2015) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Friends of Africa Missionary Endeavour Ltd meets the definition of a public benefit entity under FRS EO2. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.2. Cashflow The charÉty has taken advantage of the exemption in Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), from the requirement to produce a cash flow statement on the groun(Ls that it is a small charilable charity. IJ. Fund YdccountiDg General fimds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. 1.4. Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the incorne and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where thi5 can be quantified. The value of services Provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating fimds when they are sold. Income from investments is included in the year in which it is receivable. Page 8
Friends Of Africa Missionary Endeavour Limited (A Company limited by guarantee) Notes to finaneial statements for the year ended 31 March 2025 1.5. Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of generating fidS comprise the costs associated with attracting voluntary income and the costs of trading for fimdraising purposes including the charitys shop. Cbaritable expendItte comprises those costs incurred by the charity in the delivery of its activities and service5 for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project managemenL 1.6. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rate5 calculated to write off the cost less residual value of each &sset over its expected useful life, as follows: Fixtures, fittings and equipment 25 % straigbt line 1.7. Investments Current asset investments are at the lower of cost and net realisable value. Voluntary income 2025 Total 2024 Total Income received Gift Aid 97,999 5,499 127,029 6,928 103,498 133,957 Inveslment income 2025 Total 2024 Total Bank interest receivable 5,280 4,722 5,280 4,722 Taxation The charity's activities fall within the exemption5 afforded by the provisions of the Income and Corporation T&xes Act 1988. Accordingly> there is DO taxation charge in these accounts. Page 9
Friends Of Africa Missionary Endeavour Limited (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2025 Fixtures, rittings and equipment Tangible fixed assets Tot81 Cost At I ApTiI 2024 and At 31 March 2025 12,652 12,652 Depreciation At l April 2024 12,652 12,652 At 31 March 2025 12,652 12,652 Net book values At 31 March 2025 At 31 March 2024 Debtors 2025 2024 Other debtors 12,254 13,077 Current asset investments 2025 2024 Listed investments 180,915 186,866 Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income 1,643 ,509 Page 10
Friends Of Africa Missionary Endeavour Limited (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2025 Analysis of net assets between funds Unrestricted funds Total funds Fund balances at 31 March 2025 as represented by: Current assets Current liabilities 524,213 (1,643) 524,213 (1,643) 522,570 522,570 10. Ullrestricted funds At l April Ineoming Outgoing 2024 resources resources At 31 March 2025 General Funds 561,192 108,778 (147,400) 522,570 11. Capitsl commitments The company had no Capital Commitments at the Balance Sheet date. 12. Related party transactions There were no related paty transactions during the year. 13. Controlling interest The controlling party of tbe company is considered to be the Board of Tntees. 14. Company limited by guarantee Friends Of Africa Missionary Endeavour Limifrd is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £ I to the assets of the charitable company in the event of its beints wound up while he or she is a member, or within one year after he or she ceases to be a member. Page 11
Friends Of Africa Missionary Endeavour Limited (A company limited by guarantee) The following pages do not forni part of the statutory aeeounts.
Friends Of Africa Missionary Endeavour Limited (A company limited by guarantee) Detailed statement of fanCial activities For the year ended 31 Mareh 2025 2025 2024 Incoming resources Incoming resources from genernting funds: Volunlary income Income received Gift Aid 97,999 5,499 127,029 6,928 103,498 133,957 Investmenl income Bank interest receivable 5,280 4,722 5,280 4,722 Total incoming resollrees from generating funds 108,778 138,679 Total incoming resources 108,778 138,679 Resollrces expended Costs of generating funds: Cost of generating voluntsry income Donations Establishment- Project Work Other motor & travel costs Professional - Professional fees Telephone expenses Computer and l.T costs Printtng, postage and stationery Promotional costs 132,248 136,879 2,599 1,554 920 2,038 1.576 445 731 542 5,280 5,801 140,822 149,791 Total cost of generating voluntsry income Fundraising trading: cost of goods sold and other costs Total costs of generating funds 140,822 149,791 140,822 149,791 Page 13
Friends Of AfrAca Missionary Endeavour Limited (A company limited by guarantee) Detailed statement of fanCial activities For the year ended 31 March 2025 2025 2024 Charitable activities Governance costs Aclivities undertaken direcily Bank charges 627 617 627 617 Support costs Support- Amounts written off l (on) investments 5,951 (E4,613) 5,951 (14,613) Total governance costs 6,578 (13,996) Net incomingl(outgoing) resources for the year {38,622) 2,884 Page 14