operation agri bmm · operation agri supports the women and children through improved education and...

Operation Agri BMM Annual Report and Accounts for the year ending

31st October 2018

Operation Agri supports non-tillage practices taught to small scale farmers in the SAFI

project in Kyenjojo district of Uganda. This farming practice does not overly disturb the

soil but involves making raised beds, where seed is planted and protected by straw.

The result is a build up of organic matter which improves soil fertility and crop yields.

The love of Jesus in action

Operation Agri BMM – Charity Number 1069349

2017/18 Annual Report 2 / 20

Operation Agri has been, and still is, a development charity supporting Christian-led rural and urban

development projects for nearly sixty years. Operation Agri supports projects in three continents, showing

the love of Jesus in action, by attacking the basic causes of poverty amongst some of the most

disadvantaged people in the world, regardless of their religious, ethnic and cultural backgrounds.

Development and self-sustaining are key to the projects supported by Operation Agri. They are of benefit

to a wide community and transition to needing no further long-term grant aid.

Section Contents Page

Front cover

1 Report of the Trustees 3-11

2 Statement of Financial Activities & Balance sheet 12 & 13

4 Notes to the Financial Statements 14-19

5 Report of the Independent Examiners 20

Operation Agri champions participation

Participatory development is more of a process than a one-time activity. It aims to

empower rather than extract data. It’s about local people doing their own learning and

determining their own actions.



Report for the year:

Projects supported during the year 2017-18 included education for children; empowerment for women

and children; training to improve crop yields for farmers; healthcare education and training.

Operation Agri supports sustainable development work such as agricultural centres to assist farmers,

and irrigation schemes for rural communities. Projects and their outcomes bring lasting improvement to

people’s lives, such as basic health clinics, and women’s empowerment groups in urban slums.

In North West Bangladesh, 250 miles from the capital city, Dhaka a project is run by the Social Health and Education Development Board (SHED), the development wing of the Baptist Church in Bangladesh.

The project empowers indigenous women from poor tribal communities in 20 villages in Rajshahi.

Women join self-help groups which encourage them to save regularly. They use their savings to take out loans to purchase animals like pigs, cows or goats, setting up vegetable gardens and other income generating activities. Government run awareness programmes provide women with training on health, nutrition, women’s rights, child rights and social issues. Raising awareness and building group unity helps the women to improve their confidence and have a voice in the community. They discuss social issues like dowry, bribe, superstitions, discrimination

against women and social injustice, and identify the root causes of their poverty. Access to education and literacy among this community is very low. Families are too poor to send their children to government school which is far away. SHED runs a primary school for 45 children where they learn basic skills and gain confidence. The children are taught in Bangla through creative methods like games, songs, dance and play which they enjoy. Operation Agri supports the women and children through improved education and livelihoods. In Dhaka, the Duaripara Family Development Project is a Christian run centre that has been working in the Duaripara slum since 2004, and has established a safe environment for girls to access education, learn life and business skills through creative and interactive ways of teaching. The project aims to decrease the vulnerability of women and girls to commercial and sexual exploitation by creating opportunities through education, life skills training and access to choices. Educational assistance is provided for girls aged 6-20 in two ways: school support classes or catch up programme which prepares girls for mainstream school where they have gaps in literacy and numeracy as a result of missing out on periods of schooling. The girls learn about HIV prevention, dangers of human trafficking, how to deal with bullying, child rights and developing skills for business – like block printing! Many children in Bangladesh are sent to work in garment factories; but none of the girls attending the Duaripara project work. Families receive health information, advice on preventing early marriage, support with family conflicts and women’s self-help groups that encourage mothers to save. Through outreach



activities in the community, staff have built strong relations with parents. They have successfully changed the mindset of parents who acknowledge the value of their daughters receiving an education. Operation Agri supports the centre to help each girl achieve a bright future with opportunities to make better choices and realise their potential.

The Commercial Farming Training Project in Mozambique is being run by Oasis Mozambique and partly financed by a grant from Operation Agri. The part of the project we fund is supporting women and their families in Manga Loforte, Beira, by training them in farming techniques using a demonstration land plot being used as a nursery and demonstration farm. Each woman trained in farming techniques shares her knowledge and skills with five others and the results are very encouraging.

Growing Greener in Malawi is a project that O.A. support with part funding through the African Pastors

Fellowship and in Malawi is run by the New Life Christian Church.

Local farmers are taught environmentally friendly and sustainable farming techniques such as making local compost manure, mulching and other techniques. They report that the main challenge has been to change the mindset of the local farmers. The results so far have been encouraging with the expectation of increased yields with a significant surplus available to sell at market.

One of the projects we supported in Nepal is managed by CHEST the Community Health and Education Department of the Baptist Church’s Multipurpose Community Development Service (MCDS) operating in Daunnedevi Village, Nawalparasi District, Lumbini Zone- Western Region, Nepal.

The project activities address the immediate and long-term needs of individuals and communities. Short term training raises awareness of health and environmental issues. MCDS work with local partnership in market areas and schools to provide a clean and healthy environment by building public toilets and providing training on health issues.

Various training activities are conducted to improve livelihoods and income generation. This training includes vegetable growing, mushroom cultivation, handicrafts, soap and detergent production, beautician courses and many more.

Renovation and repair of the village road with drainage to prevent soil erosion and flood control during monsoon periods assists villagers to move around the neighbourhood more easily.

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O.A’s partner in Kyenjojo, Uganda, Paul Kyalimpa, reports that market

prices for the crops of the farmers that he has been training in new farming

methods have noticeably

increased in recent

months. There

continues to be serious

shortages of food in

many parts of Uganda

and in neighbouring

countries including Tanzania, Kenya, Rwanda and South

Sudan. Paul’s work in training local farmers in modern

farming methods encourages them to grow more and

more food to meet the increasing demand.

Without this training, farmers are tempted to oversell their produce leading to shortages for their families. Lorries from far and wide flood the market looking for food to take away. Theft of farm produce such as maize, beans, chickens and pigs is increasing.

All this has an unfortunate effect on those without land who find it difficult to afford the higher prices,

leading to malnutrition in the family. However, in the longer term, the sustainable agriculture programme

being taught by Paul is encouraging innovation amongst farmers, increasing food supply and enabling

them to combat the worrying effects of climate change in the region.

The work of Operation Agri and its commitment to development, serve to alleviate the causes of poverty

amongst some of the most disadvantaged people in the world.

O.A. supported LEADS in a project to improve

sustainable livelihoods in Sri Lanka in the post-

conflict community in the village of

Malayalapuram in the northern district of

Kilinochchi. Running for three years, it has

been providing education and life skills

training to those that have suffered most

during the thirty-year conflict.

OPERATION AGRI OBJECTIVES: The continuing mission of Operation Agri

is to show the love of Jesus by attacking the basic causes of poverty

amongst some of the most disadvantaged people in the world, regardless

of their religious, ethnic and cultural backgrounds.

Thank You - We are grateful for the on-going giving of all our supporters

and donors who have enabled us to maintain our mission despite ongoing financial pressures especially

with the uncertainty in the charity sector and BREXIT at the present time. Income from regular donors,

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the annual appeal and legacies, enables Operation Agri to continue to make grants, in line with

commitments, in local currency so that partners do not suffer from fluctuations in the value of the GBP.

Lifting people up so that they can help themselves, is what these projects do for the poor through Operation

Agri’s support. This is empowerment and no longer charity!

For the first time in its history, Operation Agri adopted Earth Day during the year to specifically

challenge supporters to give and to encourage new supporters.

Signed on behalf of Operation Agri Trustees

Russell Ashley-Smith

Chairman of Trustees

31 January 2019

Operation AGRI Day 22nd April 2018

The trustees adopted Earth Day 2018 as Operation Agri Day.

This was an opportunity to raise awareness and encourage supporters to make special donations to support some of the most disadvantaged

people in the world, regardless of their religious, ethnic and cultural backgrounds.

Every one of them is loved by God.

The Trustees commend Earth Day on 22nd April each year to be Operation Agri Day



References and administrative details

1.1 The Charity’s name is: Operation Agri BMM also known as Operation Agri and Outreach Abroad.

1.2 The Charity’s registration number is: 1069349

1.3 The address of the principal office of the Charity is: 361 Firs Lane, Palmers Green, London N13 5LX Telephone: 020 8803 0113 email: [email protected] Website: www.operationagri.org.uk

1.4 The names of all those who were the Charity’s trustees on the date the report was approved are:

1.4.1 Mr. Russell Ashley-Smith London (Chair)

1.4.2 Rev. Nigel Jones Purley (Secretary)

1.4.3 Mr. James Townsend Coulsdon (Treasurer)

1.4.4 Dr. John Durrant Llantwit Major (Assistant Treasurer)

1.4.5 Mr. Martin Butterworth Shipley (Overseas Secretary)

1.4.6 Mrs. Gillian Ashley-Smith London

1.4.7 Mr. Jeremy Clewett Plaistow

1.4.8 Mr. Stan Crees Wallington

1.4.9 Mr. Julian Durbin Carshalton

1.4.10 Mrs. Jane Hanger Coventry

1.4.11 Mr. Theo Lambourne Oadby

1.4.12 Prof. Rachel Sabates-Wheeler Cambridge

1.5 The names of any other people who served as a Charity trustees in the financial year in question are:

1.5.1 Mr. Tony Skyes Derby

1.5.2 It is noted that Rev. Dr. Malcolm Drummond attends most trustees meeting as the Administrator to take the minutes of meetings. He is a non-voting attendee.

1.6 The trustees’ status at the 2018 AGM and their terms of service:

1.6.1 Mr. Russell Ashley-Smith Continuing until 2019 AGM

1.6.2 Mr. Martin Butterworth Continuing until 2019 AGM

1.6.3 Mr. Stan Crees Continuing until 2019 AGM

1.6.4 Mr. Theo Lambourne Continuing until 2019 AGM

1.6.5 Prof. Rachel Sabates-Wheeler Continuing until 2019 AGM

1.6.6 Rev. Nigel Jones Continuing until 2020 AGM

1.6.7 Dr. John Durrant Continuing until 2020 AGM

1.6.8 Mrs. Jane Hanger Continuing until 2020 AGM

1.6.9 Mrs. Gillian Ashley-Smith Re-elected until 2021 AGM

1.6.10 Mr. Jeremy Clewett Re-elected until 2021 AGM

1.6.11 Mr. James Townsend Elected until 2021 AGM

1.7 To note that Mr. Tony Sykes stood down at the 2018 AGM and did not seek re-election.

1.8 The Constitution permits the co-option of up to three further trustees. At the meeting of June 13th 2018 Mr. Julian Durbin was unanimously elected to serve as a trustee until the 2019 AGM.

http://www.operationagri.org.uk/



1.9 There were no other co-opted trustees during the year.

1.10 According to the constitution there will be four officers, namely, Chairman, Secretary, Overseas Secretary, and Treasurer. They shall be elected at the AGM and will normally hold office for three years and be eligible for re-appointment. Although not officers the trustees have identified the need for a Deputy Chairman and Deputy Secretary. The Deputy Chairman is Nigel Jones. The Deputy Secretary role is not currently filled.

1.11 Trustees serving on the Donors Group are:

1.11.1 Gillian Ashley-Smith

1.11.2 Russell Ashley-Smith

1.11.3 Julian Durbin

1.11.4 John Durrant

1.11.5 Nigel Jones

1.11.6 James Townsend

1.12 Trustees serving on the Grants Group are:

1.12.1 Russell Ashley-Smith

1.12.2 Martin Butterworth

1.12.3 Jeremy Clewett

1.12.4 Stan Crees

1.12.5 Theo Lambourne

1.12.6 Rachel Sabates-Wheeler

1.12.7 Jane Hanger

1.12.8 James Townsend

1.13 The Independent Examiners are: The Rowley Partnership Ltd. (No change) Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester LE19 1WP

1.14 The Bankers continue to be:

1.14.1 Bank of Scotland Direct Banking Pentland House 8 Lochside Avenue Edinburgh EH12 9DJ

1.14.2 The Co-operative Bank plc PO Box 101 1 Balloon Street Manchester M60 4EP

1.15 Two banks are maintained to ensure that Operation Agri will be able to take full benefit of the UK Government’s scheme to protect depositors in the case of banks suffering insolvency or a severe decline in market confidence. Having two separate banks enables Operation Agri to retain all its funds within the UK Government’s nominated level of support.



2.1. ACCOUNTING: The Trustees present their report with the financial statements of the Charity

for the year ended 31 October 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 applicable in the UK and

Republic of Ireland (FRS 102) (effective 1 January 2015).

2.2. REPORTING: The financial statements have been prepared in accordance with the accounting

policies set out in the notes to the accounts and comply with the Charity’s governing

document, the Charities Act 2011 and 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 published on 16

July 2014.

2.3. BEGINNINGS: Operation Agri BMM began as a subsidiary of the registered Charity Baptist

Men’s Movement (BMM) in March 1961 and became an independent registered Charity in

April 1998.

2.4. GOVERNING DOCUMENT: The Charity is governed by the constitution adopted 14 March

1998 as amended by resolution 20 March 2005, by scheme dated 17 August 2005 and by

resolution 17 March 2007.

2.5. COMPLIANCE: The Trustees have had regard to the Charity Commission’s guidance on public

benefit. The Trustees rigorously ensure that any project supported by Operation Agri is in line

with the Charity’s objects and aims and complies with the Charity Commission’s general

guidance on the prevention and relief of poverty for the public benefit.

2.6. DEVELOPMENT: The Charity insists that, where grants are made, they are used to help the

poorest, or most disadvantaged, people in the community. Considerable emphasis is placed

on projects being underpinned by two criteria: that the project is 'owned' by the local people,

and, if possible, has the capacity to become a self-funding and an ongoing activity. Operation

Agri aims to help people improve their situation in such a way that they can experience

achievement and become able to maintain the progress attained. Where a project can

reasonably be expected to move towards at least a degree of self-sufficiency, Operation Agri's

policy is to provide a grant that reduces year by year unless that would harm the project in

any way.

2.7. COMPASSION: The Charity does not usually meet the personal support

needs of expatriate workers although, in several projects, we help to

support local workers. Many of the churches and bodies with whom we

work are partners with BMS World Mission (BMS). Operation Agri's over-

riding aim is that, by experiencing, or witnessing, the love of Christ in action,

people may learn of the all-embracing compassion of God our Father and the

means of salvation through Jesus Christ.

2.8. PARTNERS and PARTNERSHIPS: The Charity does not employ any overseas workers. The

development projects financed through O.A. are managed by experienced

Christian led overseas partners who have the same aims as O.A. and to

whom we express our appreciation for their effective working

relationships. Operation Agri trustees and BMS staff meet formally once

per year but communicate frequently on project matters.



2.9. PRAISE: Operation Agri has maintained its mission despite ongoing

financial pressures especially with the uncertainty around the UK

leaving the European Union (commonly called BREXIT). Income from

the annual appeal has stabilised and Operation Agri has made grants

in line with commitments in local currency so that partners do not

suffer from fluctuations in the value of the GBP.

2.10. PEOPLE: At the 2018 AGM the formal transition of treasurer-ship

from John Durrant to James Townsend occurred.

Dai Morgan

at the London Marathon

2.11. PROJECTS: This year grants, totalling £151,921 were given to support 16 projects in 8

countries across 3 continents: the sums involved ranged from £2,200 to £24,400

2.12. DONATIONS: Like many charities, Operation Agri is still affected by economic uncertainty,

rises in the cost of living and low interest rates. In this context it is very pleasing to report

total giving was up by £4,821 (+3.4%) net of legacies and tax refunds. We are particularly

grateful for the legacies which have maintained the financial situation.

2.13. CONTROLS: By ever tighter control on expenditure and management of activities including

fewer face to face meetings which have given way to audio conferencing Operation Agri

has kept grants at the highest possible level and has been able to support on-going and new

projects. We believe our aim of attacking the basic causes of poverty in countries in the

developing world continues to be achieved. The income to grant ratio is as high as possible.

2.14. PERFORMANCE: The Trustees have ensured that the Charity has, at all times through the

year, operated wholly in accord with its Objects as identified in its Constitution.

2.15. PROJECTS: The Trustees have continued with their established practices when assessing

applications for grants towards the support of projects. The Charity is well served by a panel

of appropriately experienced people who assist in appraising applications and evaluating

subsequent reports. Their scrutiny of an initial proposal identifies areas for clarification or

further explanation. Consideration is then given to the need for good local management of

and the ability of Operation Agri to monitor the work through the lifetime of any grant,

where again the assessor’s input on the ongoing reports is very valuable. Careful scrutiny

is particularly significant when a proposed project is in a country in which we are not

currently active. A project usually needs to be in the hands of an established church or

registered organisation and not an individual. The Charity requires regular narrative reports

and audited accounts for each grant made.

2.16. APPEAL: The annual appeal this year was entitled, Sowing Success in

Malawi. Malawi, one of the world’s poorest countries, has suffered

floods and drought which have devastated harvests. Operation

Agri’s partner African Pastors’ Fellowship is teaching farmers new

ways to sow, nourish and protect crops.

2.17. PLANS: The Trustees remain committed to pursuing the aims and objectives of the Charity

by maintaining existing partnerships and seeking other opportunities for partnership. As in

previous years they will continue to further develop and strengthen the established

network of supporters and seek a strategic broadening of the present supporter base.



2.18. STATUS: During the year the trustees investigated the status of Charitable Incorporated

Organisation and concluded that the Foundation model would be the right and proper

form. It is planned for the incorporation step to be taken during the next financial year.

2.19. ORGANISATION: Operation Agri maintains its organisation structure of having two groups.

Trustees are normally assigned to either the Grants Group or the Donors Group for day to

day working. The normal exception being that the Chair and the Treasurer are assigned to

both groups. The Grants Group has, as its main aim, the consideration of project bids

through to ongoing analysis of reports. The Donors Group focuses on the income and the

administrative matters of running the Charity.

2.20. COMMUNICATION: Much of the business of Operation Agri is undertaken via conference

calls to reduce the expense in time and funds associated with travelling to meetings and

the booking of venues. However, it has been determined that having only one face to face

meeting per year means that some trustees may not meet others for two or more years.

To remedy this there will now be two face to face meetings per year.

2.21. WEBSITE: During the year the trustees approved a project to refresh the Operation Agri

website. The lowest priced of three quotes was accepted after references were taken up

for all tenders. The resulting website gives Operation Agri an up to date presence on the

internet and has been applauded by all trustees and many supporters. This very cost

effective approach has proved to be a good choice.

2.22. FRAUD: There is no evidence of any fraudulent activity with all transactions being properly

accounted.

2.23. REPORTING: The Trustees are not aware of anything else which would have required a

report to the Charity Commission.

2.24. RESERVES: The trustees confirm that the Charity has a reserves policy adequate to meet

unplanned expenditure – a minimum reserve of £40,000 has been identified.

2.25. SAFEGUARDING: The Charity does not have a safeguarding policy relating to work with

children or vulnerable adults because none of the Charity’s trustees nor its Administrator

works with any such people, nor do we have any partners in UK to whom we make grants.

However during the year the Overseas Secretary began working with our overseas partners

to develop a policy relating to the work they do with children and vulnerable adults.

2.26. DATABASE: The Charity maintains a database of supporters which is regarded as

confidential and maintained in accordance with current UK legislation.

Approved by the Trustees on 31 January 2019 and signed on behalf of the Trustees of Operation Agri

BMM by:

Nigel Jones Secretary



OPERATION AGRI BMM

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2018

Income and endowments from: Note Unrestricted Restricted Total Unrestricted Restricted Total

Funds Funds 2018 Funds Funds 2017

£ £ £ £ £ £

Donations and legacies 4 119,002 22,401 141,403 144,062 13,024 157,086

Investments (bank Interest) 26 - 26 49 - 49

Charitable activities:

Sri Lanka Appeal 22,739 - 22,739 22,973 - 22,973

Malawi Appeal 23,144 - 23,144 - - -

Nicaragua/Nepal/Uganda Appeals - - - 23,794 - 23,794

Bangladesh Appeal - - - 426 - 426

Total Income and Endowments 164,911 22,401 187,312 191,304 13,024 204,328

Expenditure on:

Raising funds:

Fundraising and publicity 5 6,223 - 6,223 8,068 - 8,068

Appeal costs 7,522 - 7,522 9,134 - 9,134

Charitable activities:

Direct charitable expenditure 6 129,579 22,342 151,921 107,209 12,466 119,675

Support costs 7 36,190 - 36,190 38,936 - 38,936

Total Expenditure 179,514 22,342 201,856 163,347 12,466 175,813

Net income / (expenditure) (14,603) 59 (14,544) 27,957 558 28,515

Net Movement in Funds (14,603) 59 (14,544) 27,957 558 28,515

Total funds brought forward 140,536 1,185 141,721 112,579 627 113,206

Total funds carried forward 125,933 1,244 127,177 140,536 1,185 141,721



OPERATION AGRI BMM

BALANCE SHEET AS AT 31

OCTOBER 2018

2018 2017

Note £ £

Current Assets:

Debtors 8 3,723 4,612

Cash at bank and in hand 124,774 140,897

128,497 145,509

Creditors: Amounts falling due

within one year 9 (1,320) (3,788)

Net Current Assets 127,177 141,721

Funds:

Unrestricted 10 125,933 140,536

Restricted 11 1,244 1,185

127,177 141,721

The financial statements were approved by the Trustees on 31 January 2019.

Russell Ashley-Smith

Chairman

The notes form part of these financial statements



OPERATION AGRI BMM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st OCTOBER 2018

Note 1 Accounting policies

1.1 Basis of preparing the financial statements

1.2 Fund accounting

1.3 Income recognition

1.4 Resources expended

The costs of charitable activities are allocated, inclusive of VAT, to direct expenditure categories as incurred, in the period

to which they relate. Grants made to overseas projects are included in expenditure when the grant has been both approved

by the Trustees and acknowledged by the recipient project. Grants that are approved but not yet acknowledged are not

included in the accounts.

Operation Agri BMM is an unincorporated charity registered in England and Wales. The address of the charity is given in

the Report of the Trustees.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements of the charity 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) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic

of Ireland (FRS 102), and the Charities Act 2011. The financial statements have been prepared under the historical cost

convention.

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on

the grounds that it is applying FRS 102 Section 1A.

The accounts have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and

Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved

following the 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)

issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice

effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include

certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These

policies have been consistently applied to all years presented unless otherwise stated.

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.

All income is recognised 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.

Liabilities are recognised 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.

Support costs are accounted for on an accrual basis. These costs comprise expenditure incurred in the running of the

charity itself as an organisation. It is not considered practical to apportion the costs to the various projects, nor is it

considered to be a useful analysis as the projects are run by other charities overseas, while the support costs are incurred

in the UK.



1.5 Taxation

1.6 Cash and cash equivalents

1.7 Going concern

Note 2 Net Incoming Resources

2018 2017

This is stated after charging:

Independent exaiminer's fee 1,320 2,190

Note 3 Trustees Remuneration and transactions

No trustees received remuneration during the year (2017 - NIL)

Note 4 Donations and legacies

Unrestricted Restricted Total Urestricted Restricted Total

Fund Funds Funds 2018 Funds Funds Funds 2017

£ £ £ £ £ £

O.A. Partners donations 43,807 - 43,807 38,540 - 38,540

Other donations 36,485 20,248 56,733 44,520 11,348 55,868

Legacies received 21,691 - 21,691 40,206 - 40,206

Income tax reimbursed 9,066 2,153 11,219 8,746 1,676 10,422

Stipend Contribution 7,953 - 7,953 12,050 - 12,050

119,002 22,401 141,403 144,062 13,024 157,086

Note 5 Fundraising and Publicity

Unrestricted Restricted Total Unrestricted Restricted Total


£ £ £ £ £ £

Outreach Abroad:

Printing 4,844 - 4,844 6,646 - 6,646

Other printing and stationary costs 1,379 - 1,379 1,422 - 1,422

6,223 - 6,223 8,068 - 8,068

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties

exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months

from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves

for the charity to be able to continue as a going concern.

During the year expenses of £502 (2017: £360) were reimbursed to 9 trustees (2017: 7) and other attendees at trustees

meetings.

Fundraising costs are those incurred in seeking voluntary contributions and donations.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity

and include examination fees and costs linked to the strategic management of the charity.

The Trust is registered as a charity and is not liable to taxation.

Cash and cash equivalents comprise cash in hand and cash on deposit.



OPERATION AGRI BMM


Note 6 Direct charitable Expenditure

Unrestricted Restricted Total Unestricted Restricted Total


£ £ £ £ £ £

Grants to Overseas Projects:

Bangladesh

SHED Board - IWE (BAN 09) - - - 10,488 120 10,608

Duaripara (BAN 99) 23,877 523 24,400 8,354 1,441 9,795

Pre-School Education (BAN 10) 13,323 2,000 15,323 - - -

India

Oasis - Borivali (IND 98/IND 99) 2,200 - 2,200 2,206 194 2,400

Malawi

APF Growing Greener (MAL 99) 2,301 699 3,000 3,216 128 3,344

Nepal

MCDS - CHEP (NEP 31) 13,851 1,149 15,000 15,659 2,714 18,373

MCDS - CHEST (NEP 32) 11,610 4,360 15,970 13,736 1,358 15,094

Nicaragua

AMOS project (NIC 99) 6,633 1,358 7,991 7,209 126 7,335

Sri Lanka

LEADS - PSDP (SRI 15) 11,798 2,702 14,500 13,955 1,337 15,292

Tanzania

Deeper Life Bible Church (TAN 01) 9,180 2,202 11,382 12,428 - 12,428

Emmanuel International (TAN 02) 3,500 - 3,500 2,750 - 2,750

Uganda

SDKF Tailoring & Design (UGA 98) 4,825 151 4,976 6,458 42 6,500

(UGA 93 & 93E) 8,010 5,314 13,324 - - -

Beersheba project (UGA 99) - - - 8,410 - 8,410

BUU SAFI project (UGA 06) 7,301 1,884 9,185 2,340 5,006 7,346

Oasis Mbale (UGA 94) 11,170 - 11,170 - - -

Total Grants 129,579 22,342 151,921 107,209 12,466 119,675

(b) Overseas Travel - - - - - -

(c) Expenses on behalf of overseas projects - - - - - -

Total Overseas expenditure for the year 129,579 22,342 151,921 107,209 12,466 119,675



OPERATION AGRI BMM


Note 7 Support costs Unrestricted Restricted Total UnrestrictedRestricted Total

Funds Funds Funds 2018 Funds Funds Funds 2017

£ £ £ £ £ £

Staff Cost 21,986 - 21,986 17,996 - 17,996

Office expenses / Post & carriage 2,235 - 2,235 3,748 - 3,748

Officers' and committee travel 502 - 502 306 - 306

Conference calls & sundries 1,412 - 1,412 1,882 - 1,882

Insurance 796 - 796 762 - 762

Stipend 7,939 - 7,939 12,052 - 12,052

Governance costs:

Independent examiner's fee 1,320 - 1,320 2,190 - 2,190

36,190 - 36,190 38,936 - 38,936

Note 8 Debtors

2018 2017

£ £

Income tax recoverable 3,723 4,612

3,723 4,612

Note 9 Creditors

2018 2017

£ £

Accruals 1,320 2,190

Other creditors - 1,598

1,320 3,788

Note 10 Unrestricted Funds

General General

Fund Fund

2018 2017

£ £

Balance at 1st November 2017 140,536 112,579

Net income / (expenditure) for the year (14,603) 27,957

Balance C/Fwd at 31st October 2018 125,933 140,536



Note 11 Restricted Funds

2018 2017

£ £

Balance at 1st November 2017 1,185 627

Net income 2018 22,401 13,024

Expended 2018 (22,342) (12,466)

Restricted Funds C/Fwd 2018-19 1,244 1,185

Donations which comprise the restricted funds are usually designated by a donor, an individual or

church/organisation for an identified project or an activity within a project. The funds mainly derive from

the Charity’s Presents with a Purpose initiative. Funds arising from the annual appeal are used for the

overall work of the Charity and are not limited to a specific country or project. There are occasions when

a particular project has either ceased or is oversubscribed and funds remain unspent. In this circumstance

the Charity will allocate these unspent funds to a similar project either in the same country or another

country. The Charity’s literature makes this potential change of allocation clear to donors.

Note 12 Analysis of Net Assets between Funds

Net

current

Net

current

Assets Assets

2018 2017

£ £

Restricted Funds 1,244 1,185

Unrestricted Funds 125,933 140,536

127,177 141,721

Note 13 Controlling Party

The charity is run by the board of Trustees: There is no ultimate controlling party.

Note 14 Staff Costs

2018 2017

£ £

Wages and Salaries 14,817 14,594

Employers national insurance - -

Pension Contributions 3,480 3,402

18,297 17,996

The average monthly number of employees during the year was 1 (2017: 1). The stipend relates to an

amount paid and received in respect of the Administrator who also worked for Palmers Green Baptist

Church but was paid through Operation Agri. This practice ceased in August 2018 as the Administrator

moved to a new position and his stipend is now paid directly by the new employer.



Note 15. Related Party Disclosures

During the year £6,868 of donations were received without conditions from trustees.

Note 16. Pension

Operation Agri BMM is a participating employer in the Baptist Pension Scheme (“the Scheme”), which is

a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of

the Scheme are held separately from those of the Employer and the other participating employers.

The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to

future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided

through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable

income for each year of pensionable service together with additional pension in respect of premiums paid

on Pensionable Income in excess of Minimum Pensionable Income. Since 1 January 2012, benefits have

been provided through a Defined Contribution (DC) Plan.

A formal valuation of the DB Plan as at 31 December 2016 was undertaken by a professionally qualified

Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets

was £219 million, whilst the level of assets needed to pay benefits was £312m, giving a deficit of £93m

(equivalent to a past service funding level of 70%). Participating employers in the DB Plan are collectively

responsible for funding this deficit. The next actuarial valuation of the DB Plan within the Scheme is due

to take place not later than as at 31 December 2019.

Under the Schedule of Contributions, the participating members make a monthly payment in respect of

the DB scheme deficit which will increase in line with increases in Minimum Pensionable Income. The

Schedule of Contributions foresees these contributions continuing until December 2028.

Operation Agri BMM has been advised that the estimated cost to buyout their Pension Scheme liabilities

at 31st October 2018 was £36,900 including costs.



INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OPERATION AGRI BMM

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31

October 2018 which are set out on pages 12 to 19.

Responsibilities and basis of report

As the charity’s trustees are responsible for the preparation of the accounts in accordance with

requirements of the Charities Act 2011 (“the Act).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act

and in carrying out my examination I have followed all applicable Directions given by the Charity

Commission under section 145(5) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in

connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of

accounts set out in the Charities (Accounts and Report) Regulation 2008 other than any requirement that

the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent

examination.

I have no concerns and have come across no other matters in connection with the examination to which

attention should be drawn in this report to enable a proper understanding of the accounts to be reached.

R J Radford FCA

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House, Harcourt Way

Meridian Business Park

Leicester

LE19 1WP

Date: 31 January 2019

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