African Enterprise International - Charities report - 19.1

REGISTERED COMPANY NUMBER: 07883925 (England and Wales)

REGISTERED CHARITY NUMBER: 1147128

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 DECEMBER 2018

FOR

AFRICAN ENTERPRISE INTERNATIONAL

AFRICAN ENTERPRISE INTERNATIONAL

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2018

Page

Report of the Trustees

1 to 4

Report of the Independent Auditors

5 to 6

Statement of Financial Activities

7

Balance Sheet

8

Cash Flow Statement

9

Notes to the Cash Flow Statement

10

Notes to the Financial Statements

11 to 19

AFRICAN ENTERPRISE INTERNATIONAL

REPORT OF THE TRUSTEES

for the year ended 31 December 2018

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with

the financial statements of the charity for the year ended 31 December 2018. The trustees have adopted the provisions of

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 1 January 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims for the public benefit

The objective of AE International is to coordinate grants that are received from supporting partners and to manage their

effective distribution to the ministry projects that are managed by partner teams within Africa. In addition the objectives

are to provide oversight on good governance for all partners and to enable equity in the distribution of discretionary

funds to partner members within Africa. The trustees provide substantial input into the primary direction and strategy

relating to the management, coordination of activities and focus of the partnership as a whole as well as developing the

policies and procedures that govern the partnership's operation. The trustees confirm that they have referred to the

guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charitable

company's aims and objectives and in planning its future activities.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

In the year 2018, African Enterprise experienced tremendous results in our core vision - 'Evangelizing the cities of

Africa in word and deed'. We conducted 9 successful evangelistic missions and different outreaches through social

action and foxfires activities. Out of these efforts 1,326,160 people were reached with the gospel, both in word and

deed, out of which 128,092 committed their lives to follow Jesus Christ. We thank God for the continued increase in the

number of new believers over the years. It's our hope and prayer that this fruit will last.

In the last four years with 2018 inclusive, African Enterprise outreaches have grown significantly in numbers. This came

as a result of the following strategies:

- Strengthening and empowering the Africa national teams both financially and through strategic trainings.

- Encouraging "Beyond our Boundaries strategy". Teams working together to reach neighbouring countries.

- Integrating proclamation and social action in the running of programs.

- Increasing the number of local evangelists and mission volunteers involved in missions.

- Improving the internal systems including communication and reporting.

- Technical support from International Office and good collaboration with Support Offices.

- Strategic Partnerships with likeminded individuals and organizations.

Preservation model of discipleship of new believers was rolled out and is currently being implemented in Uganda

following the 2017 Kampala mission. African Enterprise is partnering with George Whitefield College and the local

churches in the mobilization of the mission field, and setting up of training and coaching of non- theologically trained

pastors using Explore material.

African Enterprise served as the secretariat for the Movement Day Africa (MDA) event which occurred on 23rd & 24th

August, 2018 in Nairobi, Kenya. The objective of the meeting was to bring together Church, Business and Political

leaders from across the continent to catalyze a movement among their various networks with the aim of contributing to

the holistic flourishing of African cities. The event attracted 27 nations and 55 cities from Africa, Europe, North

America and Asia. The various partners that came on board jointly funded the event. All our National Team Leaders

attended the event. Some of the outcomes from the event include new mission partnerships and increased visibility of

African Enterprise.

FINANCIAL REVIEW

Reserves policy

The trustees aim is to maintain reserves in unrestricted funds that will be sufficient to cover the operational costs of the

organization for a period of 60 days or more. The trustees recognize that the level of funds received is dependent in turn

on the fundraising efforts of partners rather than the direct fundraising efforts of the organization itself and that the flow

of funds can be variable.

The balance of unrestricted funds was overdrawn by $12,249 as at 31st December 2018. It is however important to note

that the overdrawn figure is largely a reflection of the accrual (provision) for audit and accountancy. Compared to 2017,

the Charity has made an improvement in restoring of the reserves by $11,735. The trustees are keen on ensuring that the

organization is a going concern and they have made sure that the budget for 2019 has a surplus of $120,000 which is

designated for the unrestricted reserves. They have installed a resource mobilization strategy which captures local

fundraising for the implementing national teams in Africa, expanding the funding base in the support teams outside of

Africa and cost cutting measures within all African Enterprise teams.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a company limited by guarantee, as defined by the companies act 2006 and is hence

controlled by its articles of association.

Recruitment and appointment of new trustees

Under the Memorandum and Articles of Association and the by-laws of African Enterprise International, most trustees

are drawn from members of the African Enterprise International Council (IC) which is a group of companies that have

signed the Covenant of Partnership (CoP) and is the body that appoints the trustees each three years. The IC determines

the composition and membership of the International Board Trustees at its triennial meeting. At present trustees are

appointed for a three-year term and may not serve more than two consecutive terms. The appointment of trustees

between triennial IC meetings needs to be ratified at the next IC meeting.

The triennial meeting, hereby referred to as International Council (IC) took place on 16th July 2016 and new trustees

were appointed,

Organizational structure

African Enterprise International Limited is a company limited by guarantee with the registered company number

07883925. It is registered as a charity (Charity Number 1147128). The constitution of the partnership provides for a

triennial council made up of representatives of all the members of the partner organizations both within Africa and

outside Africa. Each partner organization has signed the CoP. The representatives of the partner organization are as

defined in the by-laws of the company and they approve the appointment of trustees each three years. The make-up of

the board is set out in the constitution. The board comprises two members who represent partners within Africa and two

who represent partners outside Africa. In addition, there are two independent directors, the treasurer and the chairman.

The company secretary attends board meetings as a non voting member. The International Team Leader (ITL) and the

founder of the organization are also ex-officio attendees. None of the trustees is remunerated.

Induction and training of new trustees

African Enterprise International Limited considers carefully the induction of new trustees and has prepared a board

manual for new and existing trustees. Documents provided to incoming trustees comprise the following:-

1 History and Ethos of Organization

2 Memorandum and Articles of Association and Covenant of Partnership

3 Personal Basis of Belief

4 Organization's Statement of Faith (Lausanne Covenant)

5 Trustees Legal Responsibilities

6 Trustees Responsibilities to AE

7 Partnership Policy and Procedures Manual

8 Current Statutory Accounts

9 Current Management Accounts

Trustees are advised to read through the material thoroughly prior to signing the consent to act as a trustee.

Wider network

The IC represents the wider partnership, effectively the stakeholders and, in accordance the by-laws of the company,

they have the right to remove trustees and to appoint new trustees. The trustees may appoint new trustees between each

triennial meeting. Trustees appointed in this way need to be reappointed at the next triennial IC meeting.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07883925 (England and Wales)

Registered Charity number

1147128

Registered office

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

Trustees

W O Ogara

J Senyonyi

J Collett

A Gatsi

J Catford

C Kivengere

G Masalakulangwa

N A Darku

J Reynolds

Company Secretary

The Trust Partnership Ltd

Auditors

HPCA Limited

Chartered Accountants

and Statutory Auditors

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also the directors of African Enterprise International for the purposes of company law) are

responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and

United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view

of the state of affairs of the charitable company and of the incoming resources and application of resources, including

the income and expenditure, of the charitable company for that period. In preparing those financial statements, the

trustees are required to

-

select suitable accounting policies and then apply them consistently;

-

observe the methods and principles in the Charity SORP;

-

make judgements and estimates that are reasonable and prudent;

-

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

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 to enable them to ensure that the financial statements comply with

the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for

taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-

there is no relevant audit information of which the charitable company's auditors are unaware; and

-

the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, HPCA Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 22 April 2019 and signed on its behalf by:

The Trust Partnership Ltd - Secretary

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

AFRICAN ENTERPRISE INTERNATIONAL

Opinion

We have audited the financial statements of African Enterprise International (the 'charitable company') for the year ended 31 December 2018 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 December 2018 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law.

Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the

financial statements section of our report. We are independent of the charitable company in accordance with the ethical

requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard,

and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit

evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to

you where:

-

the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

-

the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the

annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise

explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing

so, consider whether the other information is materially inconsistent with the financial statements or our knowledge

obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or

apparent material misstatements, we are required to determine whether there is a material misstatement in the financial

statements or a material misstatement of the other information. If, based on the work we have performed, we conclude

that there is a material misstatement of this other information, we are required to report that fact. We have nothing to

report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-

the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-

the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of

the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you

if, in our opinion:

-

adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-

certain disclosures of trustees' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit; or

-

the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the

charitable company for the purposes of company law) are responsible for the preparation of the financial statements and

for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary

to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to

continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern

basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have

no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from

material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our

opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance

with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error

and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the

economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting

Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the

Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of

the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's

members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the

charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Hodgetts BA FCA (Senior Statutory Auditor)

for and on behalf of HPCA Limited

Chartered Accountants

and Statutory Auditors

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

19 September 2019

AFRICAN ENTERPRISE INTERNATIONAL

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 December 2018

2018

2017

Unrestricted funds

Restricted funds

Total funds

Total funds

Notes

$

$

$

$

INCOME AND ENDOWMENTS FROM

Charitable activities

2

Mission, Ministry Support and Other

467,011

484,928

951,939

912,043

Aid & development

6,995

444,986

451,981

375,249

Foxfires

388

14,869

15,257

27,672

Total

474,394

944,783

1,419,177

1,314,964

EXPENDITURE ON

Charitable activities

3

Mission, Ministry Support and Other

149,442

295,342

444,784

514,617

Aid & development

90,984

288,724

379,708

376,509

Foxfires

-

15,221

15,221

23,951

Team support costs

-

248,212

248,212

237,689

Pan African Mission

-

94,962

94,962

82,475

Founder's department

32,873

-

32,873

38,908

ITL department

150,339

-

150,339

147,827

Communications department

38,594

-

38,594

47,240

Total

462,232

942,461

1,404,693

1,469,216

NET INCOME/(EXPENDITURE)

12,162

2,322

14,484

(154,252

)

RECONCILIATION OF FUNDS

Total funds brought forward

(24,411

)

50,881

26,470

180,722

TOTAL FUNDS CARRIED FORWARD

(12,249

)

53,203

40,954

26,470

AFRICAN ENTERPRISE INTERNATIONAL

BALANCE SHEET

At 31 December 2018

2018

2017

Unrestricted funds

Restricted funds

Total funds

Total funds

Notes

$

$

$

$

CURRENT ASSETS

Cash at bank

3,918

56,221

60,139

46,522

CREDITORS

Amounts falling due within one year

11

(16,166

)

(3,019

)

(19,185

)

(20,052

)

NET CURRENT ASSETS/(LIABILITIES)

(12,248

)

53,202

40,954

26,470

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,248

)

53,202

40,954

26,470

NET ASSETS/(LIABILITIES)

(12,248

)

53,202

40,954

26,470

FUNDS

13

Unrestricted funds

(12,248

)

(24,411

)

Restricted funds

53,202

50,881

TOTAL FUNDS

40,954

26,470

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies

Act 2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees on 22 April 2019 and were signed on its behalf by:

J Senyonyi -Trustee

AFRICAN ENTERPRISE INTERNATIONAL

CASH FLOW STATEMENT

for the year ended 31 December 2018

2018

2017

Notes

$

$

Cash flows from operating activities:

Cash generated from operations

1

10,598

(154,608

)

Net cash provided by (used in) operating activities

10,598

(154,608

)

Change in cash and cash equivalents in the reporting period

10,598

(154,608

)

Cash and cash equivalents at the beginning of the reporting period

2

46,522

201,130

Cash and cash equivalents at the end of the reporting period

2

57,120

46,522

AFRICAN ENTERPRISE INTERNATIONAL

NOTES TO THE CASH FLOW STATEMENT

for the year ended 31 December 2018

1.	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

2018

2017

$

$

Net income/(expenditure) for the reporting period (as per the statement of financial activities)

14,484

(154,252

)

Adjustments for:

Decrease in debtors

-

10,400

Decrease in creditors

(3,886

)

(10,756

)

Net cash provided by (used in) operating activities

10,598

(154,608

)

2.	ANALYSIS OF CASH AND CASH EQUIVALENTS

2018

2017

$

$

Notice deposits (less than 3 months)

60,139

46,522

Overdrafts included in bank loans and overdrafts falling due within one year

(3,019

)

-

Total cash and cash equivalents

57,120

46,522

AFRICAN ENTERPRISE INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2018

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been

prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2015)',

Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost

convention.

The accounts have been prepared on the going concern basis which assumes that the charitable company will

continue in operational existence for the foreseeable future.The validity of this assumption is based on the fact

that the charity only distributes grants to partner projects in Africa after it has received funds from its supporting

partners. In addition, the charity has very little by way of overhead costs and these are also met from the funds

from supporting partners before remittances are made to the partner projects in Africa therefore it is appropriate

for the financial statements to be prepared on the going concern basis.

Income

All income is recognized in the Statement of Financial Activities once the charity has entitlement to the funds, it

is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognized as expenditure as soon as there is a legal or constructive obligation committing the

charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and

the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has

been classified under headings that aggregate all cost related to the category. Where costs cannot be directly

attributed to particular headings they have been allocated to activities on a basis consistent with the use of

resources.

Charitable activities

The charitable company' principle activities are as follows:

Mission & Ministry

This consists of support towards missions that are held across Africa by the partners in the ten teams in Africa

who are part of the partnership. These missions use an approach called stratified evangelism where each strata of

society within a city has a focused reach out. In addition, funds go towards a major mission in a city that is

strategic to a country or region and is usually outside the national boundaries of partner teams. In recent years

these missions have included Bujumbura in Burundi and Juba in Southern Sudan, Monrovia in Liberia and

Maputo in Mozambique. Funds go to directly support missions and in addition the staff that go on mission or

provide the necessary infrastructure to assist teams in going on mission. Ministry also covers Peacebuilding

exercises within countries and youth evangelism.

Aid & development

This consists of support for a range of socially focused projects covering community needs. Examples would

include programmes for the rehabilitation of prostitutes, skills training to assist in running a small enterprise,

primary health clinics including immunization programmes and water and sanitation projects within very

deprived communities.

Governance costs

This consists of all legal and other costs connected to the charitable company meeting its statutory governance

obligations and includes the annual audit fee and the costs associated with the meetings of the International board

of trustees (directors).

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions

arise when specified by the donor or when funds are raised for particular restricted purposes.

Monies received by the charitable company are mainly restricted by both activity and country where the money is

to be spent. The restrictions applied are always fulfilled but in order that the fund reporting is not broken down to

an unhelpful level of detail the restricted funds have been identified at a country level only.

Apart from the Pan African Mission Fund all restricted funds are country specific and include all incoming

resources that are to be allocated to the country specified.

2.	INCOME AS ANALYSED BY INTENDED ACTIVITY

2018

2017

Activity

$

$

Income

Mission, Ministry Support and Other

951,939

912,043

Income

Aid & development

451,981

375,249

Income

Foxfires

15,257

27,672

1,419,177

1,314,964

Aid and development includes funds identified for third parties. See note 9 for breakdown of incoming resources

by donor country.

3.	CHARITABLE ACTIVITIES COSTS

Direct costs

Support costs

Totals

(See note 4)

$

$

$

Mission, Ministry Support and Other

403,946

40,838

444,784

Aid & development

379,708

-

379,708

Foxfires

15,221

-

15,221

Team support costs

248,212

-

248,212

Pan African Mission

94,962

-

94,962

Founder's department

32,873

-

32,873

Communications department

38,594

-

38,594

ITL department

-

150,339

150,339

1,213,516

191,177

1,404,693

4.	SUPPORT COSTS

Management

Finance

Governance costs

Totals

$

$

$

$

Mission, Ministry Support and Other

-

1,961

38,877

40,838

ITL department

150,339

-

-

150,339

150,339

1,961

38,877

191,177

5.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2018

2017

$

$

Auditors' remuneration

8,494

9,000

Auditors' remuneration for non audit work

1,989

37,391

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2018 nor for the year

ended 31 December 2017.

Trustees' expenses

The board of trustees is made of a number of individuals from various countries and when the board meet the

costs of travel, accommodation and subsistence are met by the charitable company.

7.	STAFF COSTS

2018

2017

$

$

Wages and salaries

283,519

301,447

The average monthly number of employees during the year was as follows:

2018

2017

Communications

2

2

No employees received emolument in excess of $76,560 (£60,000).

Wages and salaries include 9 AEI non-UK staff and 2 UK-based staff members during 2018 (2017: 9 & 2).

None of the AEI non-UK staff are legally employed by the charity but are employed by other partners. As AEI

ultimately bear these costs they are included within "wages and salaries" disclosure.

8.	STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST DECEMBER 2017

Unrestricted funds

Restricted funds

Total funds

$

$

$

INCOME AND ENDOWMENTS FROM

Charitable activities

Mission, Ministry Support and Other

403,005

509,038

912,043

Aid & development

4,027

371,222

375,249

Foxfires

16,381

11,291

27,672

Total

423,413

891,551

1,314,964

EXPENDITURE ON

Charitable activities

Mission, Ministry Support and Other

204,346

310,271

514,617

Aid & development

101,275

275,234

376,509

Foxfires

-

23,951

23,951

Team support costs

-

237,689

237,689

Pan African Mission

-

82,475

82,475

Founder's department

38,908

-

38,908

ITL department

147,827

-

147,827

Communications department

39,740

7,500

47,240

Total

532,096

937,120

1,469,216

NET INCOME/(EXPENDITURE)

(108,683

)

(45,569

)

(154,252

)

RECONCILIATION OF FUNDS

Total funds brought forward

84,272

96,450

180,722

TOTAL FUNDS CARRIED FORWARD

(24,411

)

50,881

26,470

9.	DETAILED ANALYSIS OF INCOMING RESOURCES BY COUNTRY

The charity received funds from partner charities located in different countries throughout the world as follows:

Country

2018

2017

$

$

Australia

680,074

729,861

Europe

45,303

42,304

Canada

108,177

98,557

Ireland

11,603

5,926

New Zealand

14,333

4,831

UK

-

1,255

USA

521,550

430,714

Direct funds

38,137

1,516

Total

1,419,177

1,314,964

Canada provided an additional contribution of $21,600 to assist with the replenishment of reserves.