REGISTERED COMPANY NUMBER: SC118899 (Scotland)

REGISTERED CHARITY NUMBER: SCO10894

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

David Livingstone International Limited

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

12

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 2024. 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 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objectives and aims are to continue to support the children who have benefited from the orphanages and school projects previously undertaken and to respond in emergencies and provide clean water in slum areas.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

It was a great pleasure to be able to spend Christmas in the Philippines, and talk about the birth of Jesus Christ and give gifts to all the children, widows and widowers, workers, Pastors and teachers in Bacolod, Hinigaran and Jalandoni and in the New Year in Calbayog Samar. Also visited the various areas where we are currently working.

Together with a group of Filipino Pastors and missionaries, we visited the victims of Canlaon Volcano eruption and were able to provide food packs and clothing to 200 families and many small children in the evacuation centre. The good news of the Gospel was preached.

We have many graduates in 2024, a number of teachers, Engineers, and one a qualified doctor having completed his trainings.

In India, we have sent funds towards the flood victims in the area of Andra Pradesh. Emergency food packs and clothing were given out to people and also to flood victims in Pakistan.

In the border of Thailand and Myanmar, our children's home accommodated new young people who came into our care from fleeing the fighting in Myanmar. We provided them with food, clothing, and safe accommodation. Our volunteers are also training them in livelihood programs.

The work in various countries in Africa is growing and needs more support.

FINANCIAL REVIEW

Financial position

We had a number of legacies which has enabled us to consider the expansions of the work in 2024, providing motorcycles to young pastors working in distant villages. Motorcycles with sidecars are useful for carrying food for distant villages and also medical aid. The financial position is as set out on page 5 which shows we have £150,390 of funds to carry forward.

Principal funding sources

The principal funding sources continue to be by donations and legacies from the general public and from a number of businesses who have become increasingly interested in the charity's work.The chairman continues to raise funds by preaching and at other meetings also so by seeking to find more sponsors for our needy children. We continue to do all our own printing for appeals and newsletters. All our workers are unpaid volunteers and the office accommodation with telephone is paid for by the president. We share a stand at the Royal Cornwall Show each year at no cost to the charity.

Reserves policy

The Charity made investments previously in order to maintain reserves at a minimum of £10,000. The value of these investments has increased to £14,453. We have substantial legacies which will enable us to invest more funds. Business Current Account £151,149.89. Savings Account £20,513.71.

FUTURE PLANS

We will continue all our programmes in education, medical aid and responding to crisis situations as funds allow and the provision of clean water by bore holes and pumps.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. It is controlled by its governing document, its Memorandum and Articles of Association.

Recruitment and appointment of new trustees

Contacts who show a real interest in the work of the charity and considered suitable candidates are recommended by any trustee to the annual general meeting initially appointed for one year. The next annual general meeting would make their appointment permanent if satisfactory.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC118899 (Scotland)

Registered Charity number

SCO10894

Registered office

c/o Clements

Chartered Accountants

39 St. Vincent Place

Glasgow

G1 2ER

Trustees

Rev. G Cozens

J Rittker

Mrs R E Cozens

C A S Hall

Mrs M E Hall

Independent Examiner

Shona Brown CA

Clements

Chartered Accountants

39 St Vincent Place

Glasgow

G1 2ER

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 19 September 2025 and signed on its behalf by:

Rev. G Cozens - Trustee

I report on the accounts for the year ended 31 December 2024 set out on pages four to twelve.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention :

(1)	which gives me reasonable cause to believe that, in any material respect, the requirements

-	to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

-	to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2)	to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Shona Brown CA

The Institute of Chartered Accountants of Scotland

Clements

Chartered Accountants

39 St Vincent Place

Glasgow

G1 2ER

19 September 2025

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

41,355

-

41,355

204,602

Investment income

2

883

-

883

776

Total

42,238

-

42,238

205,378

EXPENDITURE ON

Raising funds

3

1,591

-

1,591

2,364

Charitable activities

Overseas aid

56,817

-

56,817

57,951

Other

3,008

-

3,008

2,810

Total

61,416

-

61,416

63,125

Net gains on investments

1,112

-

1,112

691

NET INCOME/(EXPENDITURE)

(18,066

)

-

(18,066

)

142,944

RECONCILIATION OF FUNDS

Total funds brought forward

168,456

-

168,456

25,512

TOTAL FUNDS CARRIED FORWARD

150,390

-

150,390

168,456

31.12.24

31.12.23

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

7

83

-

83

98

Investments

8

14,453

-

14,453

13,342

14,536

-

14,536

13,440

CURRENT ASSETS

Debtors

9

142

-

142

287

Cash at bank

172,232

-

172,232

191,224

172,374

-

172,374

191,511

CREDITORS

Amounts falling due within one year

10

(36,520

)

-

(36,520

)

(36,495

)

NET CURRENT ASSETS

135,854

-

135,854

155,016

TOTAL ASSETS LESS CURRENT LIABILITIES

150,390

-

150,390

168,456

NET ASSETS

150,390

-

150,390

168,456

FUNDS

11

Unrestricted funds

150,390

168,456

TOTAL FUNDS

150,390

168,456

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 19 September 2025 and were signed on its behalf by:

G Cozens - Trustee

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 2019)', 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

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.

Expenditure

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

15% on reducing balance

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	INVESTMENT INCOME

31.12.24

31.12.23

£

£

Dividends

579

586

Deposit account interest

304

190

883

776

3.	RAISING FUNDS

Raising donations and legacies

31.12.24

31.12.23

£

£

Support costs

-

2,364

4.	NET INCOME/(EXPENDITURE)

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

31.12.24

31.12.23

£

£

Depreciation - owned assets

15

17

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or benefits for the year ended 31 December 2024. (2023 - NIL).

Trustees' expenses

In the year ended 31 December 2024 expenses of £nil were reimbursed to Rev G Cozens. (2023 - £nil)

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

204,602

-

204,602

Investment income

776

-

776

Total

205,378

-

205,378

EXPENDITURE ON

Raising funds

2,364

-

2,364

Charitable activities

Overseas aid

57,951

-

57,951

Other

2,810

-

2,810

Total

63,125

-

63,125

Net gains on investments

691

-

691

NET INCOME

142,944

-

142,944

RECONCILIATION OF FUNDS

Total funds brought forward

25,512

-

25,512

TOTAL FUNDS CARRIED FORWARD

168,456

-

168,456

7.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024 and 31 December 2024

666

DEPRECIATION

At 1 January 2024

568

Charge for year

15

At 31 December 2024

583

NET BOOK VALUE

At 31 December 2024

83

At 31 December 2023

98

8.	FIXED ASSET INVESTMENTS

Listed

investments

£

MARKET VALUE

At 1 January 2024

13,342

Revaluations

1,111

At 31 December 2024

14,453

NET BOOK VALUE

At 31 December 2024

14,453

At 31 December 2023

13,342

There were no investment assets outside the UK.

Cost or valuation at 31 December 2024 is represented by:

Listed

investments

£

Valuation in 2015

3,070

Valuation in 2016

396

Valuation in 2017

676

Valuation in 2018

185

Valuation in 2019

(54

)

Valuation in 2020

(782

)

Valuation in 2021

1,694

Valuation in 2022

(1,356

)

Valuation in 2023

2,013

Valuation in 2024

1,111

Cost

7,500

14,453

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Prepayments and accrued income

142

287

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Accruals and deferred income

36,520

36,495

11.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

168,456

(18,066

)

150,390

TOTAL FUNDS

168,456

(18,066

)

150,390

Net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

42,238

(61,416

)

1,112

(18,066

)

TOTAL FUNDS

42,238

(61,416

)

1,112

(18,066

)

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

£

£

Unrestricted funds

General fund

25,512

142,944

168,456

TOTAL FUNDS

25,512

142,944

168,456

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

205,378

(63,125

)

691

142,944

TOTAL FUNDS

205,378

(63,125

)

691

142,944

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.1.23

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

25,512

124,878

150,390

TOTAL FUNDS

25,512

124,878

150,390

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

247,616

(124,541

)

1,803

124,878

TOTAL FUNDS

247,616

(124,541

)

1,803

124,878

General and overseas funds are money raised to fund overseas projects for the education and support of children.

12.	RELATED PARTY DISCLOSURES

Loans of £35,000 were previously given to the Charity by Rev. G Cozens, a Trustee. The loan is interest free, unsecured and repayable on demand.

13.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee, the liability of members being limited to £100 each.