**Charity regletratlon number 1001691** ## **WOW (WORLD OF WORTH)** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2023** WOW (WORLD OF WORTH) LEGAL AND ADMINISTRATIVE INFORPAATION Trustg S Th¢Nn88 MrA Wlwtmoor-Pryer Cyrw Char#y numbgr 1CK11891 Ind•p•nd•nt Examln•r Jenorns GCN Llnknd W•st p￿rtI, Sécc*MJ Flo Muckkyw Halesowen 862 8DY ## **WOW (WORLD OF WORTH)** ## **CONTENTS** ||**Page**| |---|---| |Trustees' repor|**1-25**| |Independent examiner's repor|26| |Statement of financial activities|27| |Statement of financial position|28| |Notes to the financial statements|29-39| WOW (WORLD OF WORTH) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2023 The Irustees pr•8•nt ￿nUel rry¥yl and flrwKbg1 ststfjn￿ the y•Jr •yJ•d 31 Awuit 2023. 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The 8¢bvities ￿fig supp¢yt8d arn spedll¢d lo Ihfj kns1ltu1l￿ and ts u80 orf funds h mordtcyod by a combln8tlon DI and wrltt•n rep￿1& Achlev•m•nt• •nd prforminc• Charltsblo actlvitl•• Pleaee peps 2 tt> 29 ## Report of the trustees for the year ended 31st August ## **Achievement and Performance** ## Charitable Activities WOW (World of Worth) works in India, Ethiopia, Uganda, Mozambique, Bulgaria and The Philippines. Our WOW Projects work with disenfranchised women and girls living in abject poverty. Many have been denied the right to an education, lack viable employment prospects, and have had little or no access to health care services. We work with reputable local NGOs to provide well-structured, well-supervised Women's Empowerment Programmes and Girls' Education Programmes. Self-sustainability is a key aim of our Programmes, and we focus on training and equipping women and girls so that they can take control of their own lives. ## **Our key objectives are:** - To provide access to education. - To provide business training and microfinance loans to enable women and girls to start small businesses. - To provide agricultural training, especially in perma-gardening. - To promote health and hygiene literacy. - To hold community health days. - To prevent human trafficking. - To improve access to clean water and improved sanitation to improve health and hygiene. - To support our Projects to become self-sustainable through business and agriculture. - To restore dignity and worth to women and girls who are marginalised by society. - To provide emotional, physical and spiritual care. ## **Specific achievements during this year** - A further 20 women accessing our Microloan and Business Training Programme in Ethiopia - Business training and the formation of a Self Help Group for the parents of the children on our Education Programme in Ethiopia - A further 1000 trees planted in Uganda, bringing about sustainable change to the Project. - Started a new Roma After School Project in Sliven, Bulgaria - 200 women in total receiving training through our Women's Empowerment and Microloan Programmes. - Supported 250 children to receive an education. “We can’t change the world, but we can change someone’s world” ## **Fundraising Activities** Our main funding comes from regular donors, grant making bodies, and church partnerships. We also hold regular fundraising events throughout the year. This year Andew David, Director held a challenge in which funds were raised towards the completion of a building in Uganda. ## **Financial Review** The income has increased this year thanks to a large donations from a church, and a donor. The Overseas Project budgets have been met in full, enabling all activities to take place. ## **Reserves Policy** The trustees recognise the importance of establishing a reserves policy in line with the Charity Commission's CC1 9 Charity Reserves: building resilience. The Charity will keep under regular review the level of its reserves and its reserves policy and will review this policy at least annually. The trustees reviewed this Policy in 2023 and updated it accordingly. The Reserve Fund is used to manage times of financial uncertainty and to fund emergencies. In agreeing the level of reserves, the trustees considered their financial obligations and a figure of £21,000 has been set. This was calculated by taking into account the forecasts for levels of income and expenditure for the current year, and by taking into account the reliability of each source of income and the prospects for developing new income sources. ## **Project Funds** The trustees also agreed that it would be prudent to have a Reserve Amount in order to meet Beneficiary Project Emergencies. This has been set at £10,000.00. ## **Principal Funding Sources** The income of the charity continues to be derived of donations and sponsorships from individuals and churches. Occasional grants are received from trusts. Regular fundraising events continue to be held throughout the year (currently postponed due to the Covid19 situation). ## **Plans for future periods.** In 2022 WOW set a 6 year plan in place to help our Overseas Partners develop self-sustainable goals. Our aim is to see our partners able to raise funds from various income streams within their own countries, which support the WOW Projects. We are moving towards this goal, particularly with our projects in Uganda and India and progress is regularly monitored. Specifically in 2023 to 2024: Train and equip more women in self-sustainability through perma-garden training and microbusinesses. To continue planting trees in Uganda to build a self-sustainability plan To support a further 20 women in Ethiopia with their Micro-businesses To help our Overseas Projects move from dependency on us to self-sustainability where possible To continue to focus on the good stewarding of donations and monitor the financial position of the charity to ensure that the management fund and Reserve fund are in a healthy position. “We can’t change the world, but we can change someone’s world” ## Our impact at a glance in the last year... - 200 women receiving training through our Women's Empowerment & Microloan Programmes. - Started a new Roma After School Project in Sliven, Bulgaria. - A further 1,000 trees planted in Uganda to bring long-term sustainable change. Our forest now stands at 5,000 trees. - Celebrated with Pavithra, an orphan on our Esther Project in India, who completed her master's degree. - Supported over 250 children to receive an education. - Raised funds to support a further 20 women to receive a microloan in Ethiopia. **OUR IMPACT ON POVERTY** – WOW educates, trains, and equips women so they can provide food and healthcare for their families and educate their children. Impacts of poverty include food insecurity, abandonment, unemployment, lack of shelter, lack of clean water, disease, and ill-health. We train women in life skills such as childcare, first aid, and business skills, and provide access to microfinance. We are passionate about helping women to thrive. **OUR IMPACT ON EDUCATION** – We provide the opportunity for children to attend and finish school, and also support students through university. In Uganda, over 35% of girls will not finish school and 30-40% of the population are illiterate, rising to 55% in Arua, the area in which we work. An educated girl is less likely to die in childbirth, and more likely to understand her rights. **OUR IMPACT ON GENDER INEQUALITY** - We focus on women and girls, particularly widows, who have been disenfranchised, and who have lost land rights. Girls are more likely than boys to drop out of school, and 68% of the children who do not finish school are girls. We aim to improve their livelihoods and address issues such as period poverty, domestic abuse, and women's rights. **OUR IMPACT ON HUNGER AND HEALTH** – According to the UN Food and Agriculture Organisation, 1.3 billion people in the world lack regular access to nutritious and sufficient food. In Ethiopia, access to modern health care is very limited, and in many rural areas it is virtually non-existent. In rural areas in Uganda, there is estimated to be only one doctor per 22,000 people. Although access to healthcare is free, many people living in poverty cannot afford medication. Malaria is commonplace, and 21% of the population do not have access to clean water. This year, our WOW Programmes have provided women and children with access to nutritious food, healthcare, and clean water. **OUR IMPACT ON WELLBEING** - As a Christian charity we pray with the families, encourage them to attend the local church, and teach them Christian values. In Bulgaria, we run Bible Schools in the Roma Communities, and in Uganda the women are following a Scripture Union course. Our aim is to restore dignity and hope, and to create a community where women and girls know their value and worth. We want to share God's love with families and communities. The overall aim of our WOW Programmes is to create a thriving community of women and girls who have hope for the future. **(Statistics from World Bank, UNESCO, WHO, The Borgen Project, UN Food and Agriculture organisation)** ## Update on WOW Uganda... We have been so encouraged to hear that some of the men have been listening too and have decided to become Christians. Recently during our yearly audit in Uganda, during which all our policies and financial transactions were checked, we passed with flying colours. There were just a few additional training needs identified, which have now been completed. We recognise the importance of investing in the staff to fully equip them to best serve the women. In September 2023, I visited Uganda, where I brought staff training in business principles. Reading through some of my notes from meetings in Uganda, I found these questions: ‘Is there a better way to do that?’ 'What training do you need, so you can do your job better?’ ‘How we can better serve the women in Arua?’ A few years ago, Helen joined the team in Arua, Uganda. She was initially employed as the bookkeeper but, within a short time, her heart and willingness to serve the women was seen by Agnes. Helen has now taken on responsibility for overseeing the micro business project (VSLA in Uganda) and running the office in Arua. She is an incredible part of the team and we wanted to share part of her story with you. It's also about how we tell these women and remind them of the simple truth that God loves them so much He sent his only Son to die for them. This is at the very core of everything that we do. We also recognise how important it is to invest in and train the staff. This training enables them to better serve the women and their families. As part of our investment in the staff in Uganda, Agnes has completed her counselling course. Many of the women have been through some terrible circumstances and situations, which they have never had the chance to talk about or deal with. We know that Agnes has an incredible heart for the women and prays for them, but this training will equip her to deal with the emotional side of things as well. Our Projects provide a holistic approach to caring for the women. The teaching series from Scripture Union has provided an interactive course that engages the women at every level. ## ## Q &A’s with Helen ## **Question 1** ## Tell us about yourself? My Name is Helen Mark Waiwai. Born to South Sudanese parents. I have stayed in Arua from childhood to date. I am married to Samson Muhwezi, from the Western Part of Uganda. I have four lovely children: Clarissa Tushemerirwe, Ethan Muhwezi, Nathan Muhwezi and Hannah Komuhwezi. “We can’t change the world, but we can change someone’s world” ## **Question 2** What is the best part of your job and what is the hardest? As someone who feels passionate about helping others, the best part of the job for me would be witnessing the positive impact our work has on the widows we support. illness, can be emotionally difficult. It requires a great deal of empathy, sensitivity, and strength to remain composed and provide comfort and support to those who are unwell. Additionally, managing the records of their income and tracking their progress, and making financial decisions that will have a long-lasting impact on their lives can be challenging at times. Despite these difficulties, I am committed to overcoming these challenges with compassion, professionalism, and dedication to make a positive difference in the lives of the widows we support. ## **Question 4** ## **With all the support and training we give, what makes the most difference in the women's lives?** Knowing that our efforts are helping these women to regain a sense of independence, security, and community support brings me a To me, the spiritual aspects and the start-up capital makes the most differences in the lives of the women. Providing the widows with emotional and psychological support, helping them cope with grief, loneliness, and other challenges they may face, as well as empowering them with start-up capital to generate income, become self-sufficient, and contribute to their communities is very rewarding. The food assistance and access to necessary medications can significantly improve the health and quality of their life for widows who may struggle to afford them on their own. ## **Question 5** However, if I'm to choose one that I enjoy most, it would probably be caring for the sick. Additionally, I love seeing the women gather together for fellowship, benefit from the financial assistance we provide, and learn the valuable skill of saving. ## **Question 3** ## **How do you feel you are making a difference in the lives of the women, and how is the WOW Project helping?** While I find every aspect of this work fulfilling and necessary, I believe the hardest part would be visiting the sickly widows. ## **How can we pray for you, the WOW team, and the women?** As an individual, I would appreciate prayers for strength, wisdom, and clarity in my work to continue supporting my family and the widows effectively. For the staff, prayers for unity, resilience, and compassion as we strive to make a difference in the lives of these women. And for the widows themselves, prayers for comfort, healing, and hope as they navigate through their grief and challenges. ## **Thank you for your prayers and support.** Witnessing their pain and suffering and seeing first-hand the challenges they face due to ## What will £150 do in Uganda? In the UK, £150 could buy you roughly 50 coffees at Starbucks or Costa, 23 gallons of petrol, or even 108 cheeseburgers at McDonalds! What would £150 do in Uganda? Yes, you could buy coffee, cheeseburgers, and fuel just as we can here in the UK! However, part of our planning and long-term vision is to see all our Projects take steps towards becoming self-sustainable. In Uganda, we are doing this in many ways, but let's focus on two. ## **The Tailoring School** The tailoring school, next to the WOW office in Arua, is where the children or grandchildren of the women on the WOW Project are given an opportunity to join a 6-month training course. They receive training in how to make clothes and alter them. It also gives the team the opportunity to teach them essential life skills and health and hygiene, as well as to raise awareness of the dangers of trafficking. The girls I met last year were really enjoying the course and one of them was walking 5 miles there and 5 miles home every day. The clothes which are made are then sold to fund the cost of materials and to help with the salaries of the teachers. As we sat in the WOW office one day, it was so good to hear all the girls laughing, singing, and learning new skills at the same time. When they graduate after 6 months, we like to give them a sewing machine and some materials so they can set themselves up in a small business. These are hand sewing machines and are very heavy as we found out when we gave one to Carolyn, who graduated a few weeks before we arrived, as you can see in the pictures. The cost to give each graduate a sewing machine and materials to start their own business is £150. “We can’t change the world, but we can change someone’s world” ## **WOW Forest** For the last 6 years we have been planting 1,000 trees every year, costing £1 per tree. It's a 10year growth plan, and in 4-5 years we will harvest the first of our 1,000 trees. Based on the current market value, each tree is worth £35£40. That would bring in £35,000-£40,000 which would run the Project in Uganda. How amazing is that! The overheads to run the tree planting forest after the initial investment are minimal. We have built a small house for a security guard and his family on the land to protect our investment. We love the fact that this investment will provide the Project with a sustainable income, and also have a big impact in the fight against climate change and deforestation in Uganda. Planting 150 trees in Uganda costs £150. We are also looking at establishing WOW forests in other countries where we have WOW Projects. More news on that soon! We all like to get value for money, don't we? The coffee, petrol, and cheeseburger don't last forever, but a sewing machine, providing a family with income opportunities, would outlast any of those things. Similarly, planting 150 trees, would help towards the Project becoming self-sustainable. Both investments are small steps to seeing lives transformed through the WOW Projects. ## Open Hands India... India is a country of contrasts. During the last few decades, investment has been poured into modernising and improving the infrastructure of cities, whilst the rural villages have been sadly neglected. Many families are illiterate, and children rarely finish secondary school, particularly girls. Parents do not value education, instead preferring their children to work, usually out of necessity. With a poor infrastructure and lack of access to good jobs, many families in rural areas continue to live in abject poverty. The staff at the Open Hands Children's Homes spend time with the parents, discussing the benefits of educating their children. Many girls are still getting married between the ages of 12 to 14, and our staff try to prevent this from happening so that the girls can finish their education. This year, the parents attended an oath-taking ceremony where they pledged against child labour and promised to prioritise education for their children, and to allow them to study. ## **Activities during the Year** In February, the children received first aid training by a nurse who works for a leading hospital in the city. Basic scenarios were covered, and first aid methods were taught and demonstrated, along with instructions for a healthy lifestyle. Our aim is to ensure that the children are taught life skills alongside their academic education. Later in the year, the girls received advice and training in hygiene, diet, and nutrition from a local doctor. This was followed by a medical day where every girl had a check-up and was given advice on how to stay healthy. The girls at the home in Coimbatore were given a piece of the garden (pictured above) at the home to tend. They were given a sapling and encouraged to care for this. We feel it is important that the girls enjoy hobbies, and we are hoping that gardening will be therapeutic for them. “We can’t change the world, but we can change someone’s world” ## **Having fun!** We are always passionate about the children having fun and making the most of their childhood. We have chosen some photos of the children winning prizes in competitions, being taken out for day trips, and playing games. ## **Compliance and Welfare Standards** Of course, there is also all the compliance that takes place behind the scenes! As an organisation we work with registered NGOs, whom we hold to a high standard of accountability. The children's homes run by Open Hands are an excellent example of a well organised and compliant project. During the year, various government authorities visited the homes and were impressed by the standard of care. Firstly, there was a visit by the District Child Protection Officer who spent time inspecting the homes and checking the welfare of the children. The girls were then visited by the Child Welfare Committee, who brought training on selfdefence and how to stay safe. At the end of the year, there was a visit by the Commission of Human Rights who spent time counselling the children. They were extremely happy with the status of our home and expressed their appreciation for the good work. ## **Kids Camp** Each year the children are taken for a short holiday. This is a Christian themed camp, based around different topics, such as Joy, Peace, Love, Precious. This year's theme was Together. The children always look forward to this break, which is held in the beautiful countryside close to the Kerala border. Here the children rest, have fun, play games, and are taught biblical principles and how they are loved and precious to God. Finally, free health insurance was granted to the girls in our Ooty home by the Nilgiris government! This is a great benefit and will help towards the budgets of the home. Overall, the government departments were impressed with the level of care provided, and we are pleased to report that the homes passed the inspections with flying colours. Our staff do an excellent job of maintaining a high standard of care for the children. ## Microfinance & Education in Ethiopia ## **“You can't get rid of poverty by giving people money.” J. O'Rourke** How true is this quote! It reflects the premise of teaching a man to fish. Education is high on WOW's list of priorities. Whether this is academic, life skills based, vocational or business training, we are passionate about creating lasting and sustainable change, and we believe that education is the driving force. We currently support 64 children on an education programme in Addis Ababa. These children are supported with uniforms, books, and fees as well as regular health checks. Their family are provided with food parcels to ensure that the children receive good nutrition. The staff at the project are diligent in their care for the children, taking time to counsel and mentor them, and guide them towards future employment opportunities. Several children are currently in higher education, studying for degrees and diplomas. If we could show you the poverty into which these children are born, you would agree that this is truly a miracle! Once qualified, the children will be able to earn a good living to support their families and break the cycle of poverty for future generations. These children are also involved in the local church. Many of them sing in the choir, and they all attend Sunday school or the youth group. Here they learn about faith, God's love for them, and how to apply Christian values and principles in their everyday lives. This year we have enrolled a further 20 women on our Women's Empowerment Programme. Following the success of our first year, we have increased our microloan fund so that these 20 women are able to start up small businesses or receive vocational training. The first cohort, who have mainly repaid their loans, are now able to borrow again. This enables them to invest into their businesses further and grow their profits. Many of this first group are reporting increases in their income from between 100 to 150% which has enabled them to meet their living expenses. The women receive business training and help with writing a business plan. Once their business has been launched, the staff monitor, support, and encourage the women. They have a grace period of three months before they have to start repaying their loans. “We can’t change the world, but we can change someone’s world” This year has been particularly challenging both in terms of fundraising for the microloan fund and for the women themselves. Inflation is 30% in Ethiopia, and you can imagine the impact on the daily cost of living. In the UK we are feeling the effects of higher inflation, and this only reached 10% at its highest. High inflation means that the equipment needed for the women's small businesses, such as sewing machines, bread making tools, and fridges, has increased exponentially in price. The women have also struggled with the cost of living, having to work much harder to pay bills. It really can feel like one step forward and two back for these women who face so many challenges in life. However, the women are resilient and hardworking, and many are seeing the fruits of their labour. They are encouraged to save money and their standard of living has improved. We are looking forward to enrolling a further 20 women later this year. If you would like to help us with our microloan fund, it would be greatly appreciated. It will cost us around £3,000 this year, so about £150.00 per woman. We think this is a great investment as the money is recycled for the future, helping women year after year. We might be a little biased, as we love this project! ## **Meet Tigist, by Abhram Mekuria, Project** Tigist Eshetu is a strong woman who is part of our Women's Empowerment Project. Tigist is a single mother to one daughter. She lives in Addis Ababa, which is known as the second most expensive house rental city in Africa. Her job was as an assistant chef in a hotel. She was paid 1500 Birr (approx. £20 per month) for her work. This was enough for her to pay 800 birr for house rent and 450 birr for her daughter's college education every month. To cover food and other household expenses, she was expected to do additional work, such as washing clothes, cleaning other people's houses etc. She decided that she would benefit from joining the women's business empowerment group, which started around the end of 2021. The project provided her with opportunity to undertake training in food preparation. Accordingly, when she finished her studies, the hotel where she works increased her salary by 300 birr. In the meantime, she began to start her career independently and with the support of a gift by a WOW donor, she has started her own business. Her job is to prepare and pack foods such as doughnuts, cookies, sambusa, bread and corn at home and she is earning income by delivering to shops and selling her work by travelling around. She was able to make a profit of 5000 birr (£68.00) in the first month of doing this business This increased her source of income and reduced her workload. It is now 4 months since she started the work and her future plan is to increase the number of shops that buy her food, and also to open her own shop. ## Bringing change in Bulgaria ## ~~**N**~~ **ew Roma After School Project** This year we launched the Roma After School Project in a church in Sliven, Bulgaria. Church facilities were upgraded with tables, chairs, and equipment in readiness for supporting the children with their studies. Ivelina, who oversees this project, is a Roma university graduate, and is passionate about providing children from the Roma community with every opportunity to receive an education. As a qualified teacher, Ivelina is perfectly suited to this position and is a great role model for the children. Currently, 13 children are meeting twice a week to study. They receive a meal and are supported with their education. The children must maintain their grades, and their progress is closely monitored to ensure that each child is encouraged and supported to achieve this. They also meet weekly to attend church events and Sunday school. The local Pastor, Encho, pictured below with the children, is just as passionate about the project. He is working hard to support and build relationships with the families of the children, and to ensure they understand the importance of education. A Messenger group has been set up for all the parents of the children, and relationships are constantly nurtured through the church homegroups. Official subject grades have not yet been received from the school, but several parents have advised Ivelina that their children are getting excellent grades in subjects that they were previously struggling with. We will provide an update as the academic year progresses. **----- Start of picture text -----**
14 “We can’t change the world, but we can change someone’s world”
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In addition to academic learning, the children will receive lessons on life skills, the prevention of human trafficking, and other relevant subjects. During their first term, they had a lesson on the importance of personal safety. The end of the first term was celebrated with a Christmas party, where Christmas stockings were distributed. These were donated from Andy & Rachel David's home church in Torquay and NG Network, Nottingham. Andy was delighted to be able to hand out the stockings in person when he visited the children! WOW is privileged to be able to support this project in its entirety. Around the outskirts of Plovdiv there are a further 5 Roma After School Projects, which Marina and her volunteers visit regularly. These projects are primarily funded by a wonderful American couple called Bob and Pat, who WOW has the privilege to work alongside, together with Marina. Overall, 152 children are being supported on these projects. ## **Orphanage visits** Every month Marina and her volunteers visit state orphanages around the area of Plovdiv. They take the children for picnics at local parks and play games. During the summer, the volunteers and children produced a play in which the children enjoyed acting! They also teach the children different topics and prepare them for life outside of the orphanage, helping them to integrate into society. These children have been placed in a state orphanage as their parents had either abandoned them or were unable to care for them. How sad that they have to grow up in a state orphanage, but how wonderful that volunteers from Logos Global Vision are able to bring some joy into their lives. ## _**Here is a quote from Anelia aged 8**_ _**“I thank Tsvetie and the other young people who are coming regularly to visit us. We play together different games, they teach us to sing and dance. They love us and bring us gifts any time they come to visit us.”**_ ## **Summer Camps** Four camps were held for children and young people during their summer holidays. These camps are a place for the children to have a holiday. They had fun together, and also studied the Bible using books which helped them to learn truths and find out more about God's love. Testimony of Daniela, mother of one of the boys, who studied the book 'Wrong way, Jonah': “Usually, my son is such an energetic child, I cannot make him sit even for a while. I don't know what happened at the Karandila camp, but he was so impressed by what he learned in this book. He managed to finish it and even was interested, hopefully there are other books like this one, that he can study at home.” ## **Human Trafficking Prevention** The children, young people and families received training about the dangers of Human Trafficking, and brochures were distributed. Overall, 1,700 people received this training! The key messages were that anyone can become a victim of human trafficking; it is important for everyone to be aware of the strategies used; and that raising and spreading awareness of this crime is vital in order to prevent it. ## Hope Project, Manila... In February 2023, I had the opportunity to travel to Manila with one of the WOW board members, Al Whitmoor-Pryer. It was an opportunity for us to spend time with the team from the Durian Project and the leaders of WEYJ. We have supported families who live in the Malabon area of Manila for many years, running an afterschool education project and helping the families with their living costs and children's school fees. As we move forward with all our Projects, our aim is to see them take steps towards becoming self-sufficient, giving them a hand up not a handout. This could have been a difficult trip as our intention was to start transitioning the Project. We have always been so blessed and encouraged by the dedication of Pinky and the team, and their commitment to the families. The pandemic was a very difficult time for us all, but the lockdown in Manila was very strict and very difficult. The first thing we did was visit some of the families. The environment in which they live is so challenging, but everywhere we went we were greeted with a smiling face. We asked lots of questions to try and gain a better understanding of the families, and to identify how we could serve them better. After just a few hours the feedback was conclusive, the families wanted to provide for themselves, and not be reliant on a handout. In fact, some of the families were already running small businesses. We then spent two days training the team, talking about all the options available, and planning and praying together. We also talked about the history of the Project. The name of the Project came up and, as you may know, the durian fruit is known for its taste but also for its smell, which isn't so pleasant! My passing comment of “we can change the name” was something they clearly wanted to do. I just said they should go home, think about it, and come tomorrow with three options each. I know that when we changed from World Christian Ministries to World of Worth it took hours of discussion and mind mapping. Again, this was not something that I thought would come easy, but the following day each team member stood with their options and within a “We can’t change the world, but we can change someone’s world” few minutes the name Hope Project Malabon had been decided and a new structure and plan had been laid out. It was an incredible time when everything just came together, almost as if someone had a plan! ## **HOPE** Project ## **Help** Education/Wellbeing/Health/Hygiene training/Family planning ## **Opportunity** A hand up not a handout via micro business training ## **Potential** Spiritually/Income Generation/Training/Upskilling ## **Equip** Training/Skills/Awareness/Micro business/Business training After returning to the UK, a new plan and vision was finalised. However, after a few online meetings, it became clear that the decision to move the Project in the direction of selfsustainability would need some significant changes and that we would need to structure it differently. We are so pleased that Pinky remains as the Project Manager based in Malabon. Her passion, love, and motivation to see lives changed is the very heartbeat of the Project. We are also excited to have Flo rejoin the team. There is a six-month transition plan in place for this Project. Mhel, Pinky and Florence have been meeting with the families, and we are continuing to support the families and the children's school fees. We are so excited about what is going to happen as we move forward in Manila. Watch this space for more details soon! After praying and speaking to several people with extensive experience working in the Philippines, the decision was made to remove the Project from under the covering of WEYJ foundation and to bring it under a new organisation called ARM Legacy Ventures. ARM had been set up by Pastor Mhel Perez who had overseen the Durian Project for many years. Mhel's heart and vision to see the families become self-sustainable is completely in line with ours, and she will look to raise support for the Hope Project from within the Philippines, which is amazing. This will take some time to establish, but she has already made a good start. ## What’s happening in WOW Mozambique? Whilst the economy and standard of living has improved in some of Mozambique's cities and popular coastal resorts, employment opportunities and access to education and health services are woefully inadequate in Mozambique's rural regions. Recent estimates state that around 62% of Mozambicans currently live in multidimensional poverty, which results in a devasting effect on their health, food security, housing, education, employment prospects, and life expectancy. To compound this, the widespread cultural disempowerment of women in rural villages following the death of, desertion by, or divorce from a husband means that women and their children become the most vulnerable in Mozambican society. Having now worked for five years alongside these women and their families around the city of Maxixe in the southeast of the country, WOW has seen their lives transformed beyond recognition. And we are so grateful to God and to our donors! With our Projects now well-established in Maxixe, Mbvane, Nhalivale and Joacane, WOW has successfully trained and equipped four groups of women [sixty women in total] in permagardening, agricultural techniques and microbusiness. It has been a joy to see these women and their families flourish as they work hard to improve their lives and create prospects for their children. Health literacy is very low in this part of Mozambique, and the risk for major diseases is very high. Malaria, HIV, TB, and cholera are rife in the area, and they present major challenge for the women and their families. Over the past five years, WOW has actively promoted greater health literacy, held medical days for the women, and distributed malaria nets. The women and their families are much better informed and are now aware of measures and precautions to keep them and their families as safe and healthy as possible. Lack of clean water is also a major issue in rural Mozambique, and access to safe water and to health care services in the region around Maxixe is particularly poor. We are, therefore, delighted to report that WOW has recently secured funding of £8,000 for the creation of a borewell in Mbvane. We are very grateful to The Anchor Foundation for their support in being able to provide clean, accessible water for the women and their community, and to help them in times of drought. A borewell will ensure that the hard work of the women in this community is wellrewarded with a good crop. The women were absolutely delighted by this news. We will keep you updated with progress on the borewell. **----- Start of picture text -----**
“We can’t change the world, but we can change someone’s world”
**----- End of picture text -----**
We are also still on the hunt for suitable land for our tree planting project with a goal of planting 1,000 trees a year, over a ten-year period. Harvesting the trees for wood would provide a significant income which would directly benefit the women and children on the WOW Project and also cover staff and Project expenses. To maintain the forest and replenish the environment, we would plant a further 1,000 saplings for every 1,000 trees harvested. In October 2023, Steve Thomas, WOW's Chair of Trustees, visited Mozambique with a team from Life Church, Bollington. Whilst there, they visited three of WOW's Projects to monitor progress and to see first-hand how the women were getting on. Whilst the women had been working diligently, the team could see how the persistent lack of water and times of drought had regularly thwarted their efforts to grow crops and produce a reliable harvest. Part of Steve's remit on this trip had been to get quotations for drilling the borewell in Mbvane. WOW continues to partner with Armindo, the Pastor of a church in Maxixe. Steve and his team spent time with the church training them. They also had the privilege of witnessing over forty people get baptised in the Indian Ocean at 6:30am on a Sunday morning. Claudia has recently stepped down from the role of Project Leader, following the birth of her baby last year, and we wish her every blessing for the future. Following an interview by Steve whilst he was in Mozambique, Lourenco Peula was appointed as WOW's new Project Leader, and he is proving to be a strong asset. ## **Meet Lourenco WOW Mozambique's Project Leader** Lourenco and his wife Ana Rafael live in Maxixe with their young daughter Viviane. They are members of Igreja de Deus Church, where he became a Christian. With a background in teaching English, youth work, and preaching, Lourenco loves to serve God in whatever way he can. He is passionate about and committed to his work with WOW in the rural regions around Maxixe. Please pray God's blessing on him and his young family as he settles into his new role. With faith in God at the centre of our Project in Mozambique, it has been encouraging to see and hear news of the women who meet regularly to pray, worship and fellowship together. Strong bonds of support and friendship are established between the women and their families on our Project, restoring dignity, renewing hope, and changing lives. **WOW's sustainability work with women aims to support 11 of the UN's 17 sustainable development goals.** ## WOW'S Aims and Values ## **OUR VISION** To liberate families and communities from poverty. ## **OUR MISSION** To restore dignity, worth and hope to women, girls and communities marginalised by society. ## **OUR VALUES** ## Dignity We believe that everyone has value and worth, and people should be treated with dignity, equality, and respect. ## Integrity We believe in honesty, transparency and in being trustworthy. We aim to manage the resources entrusted to us in a way that best supports those living in poverty. Compassion We believe in showing kindness, love, and compassion. Fairness We believe in justice and treating people fairly, regardless of background, gender, race, or religion. ## Financial Report 2023 Firstly we want to thank you, our donors, for your faithful support and continued giving and for entrusting us to serve marginalised and vulnerable communities across the world. We couldn't support these communities without your help, and we appreciate it very much. As a charity, we believe in accountability, transparency and relationship. As stewards of your finances we need to ensure that the funds we send are appropriated properly. When we visit the projects, we check the accounts, visit and speak with the women and children, and spend time training the staff. We also ensure that we receive budgets and audited accounts from our projects. This year we saw our income increase by £22,000, for which we give God thanks! This has enabled us to meet all our project budgets, plant trees, provide a microloan fund for a further 20 women in Ethiopia, and start a new after school project for Roma children in Bulgaria! People often ask us who works for WOW. In the UK, there is Andy, Rachel and Rebecca, our Office Manager. We then support staff in each of the overseas projects who are local to the area in which the project is based, and who oversee and implement the work. The overseas staff are so grateful for the support given from our WOW donors, and wanted us to express their thanks and appreciation as well. ## **WOW's total income in 2023 - £256,859** ## **WOW's total expenditure 2023 - £246,281** **Income 2023-2024** **----- Start of picture text -----**
Expenditure 2023-2024
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WOW (WORLD OF WORTH) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2023 Slructur•i g¢)v•rnawA and manag•nv4nt Gowrnlng docum•rrt The thadtyls controlled by Its govemlng dwmonL 8 de￿1 oflnjst c¥)nstiiut85 an uniTh))rpcrtt8d charity. The trustees vtho seNed durlng the year up to the date of sign8￿rn of the flnandal 8ta*m8nts were.. T Brown S Thomas Mr A Whltmcor-Pryer Rev N S Williams C Young (Rwwed 23 May 2023} R•cruitm•nt and appolntm•nt of n•w tru•t• A relalion$hip is builtwth the potential trustee bel￿ a currI￿luM vltse and wrftton ￿ce l¥ obtslned. An Is catrled out vAth ihe Gharity¥ tru$l8es to ass888 fv ￿lIS and a￿￿118$ of thè truytèès. Thè bcArd of trustees wlll Ihen make the dedBlon of who lo apwlnL The tharfty adh6re8 10 th6 Chailty Commlsslons Trustee Recwilm8n( Sdacdon and Indudon Regulaw Study. Organls4tlon•l •tructhr• WOW Iwodd of Worlhl has a pdky oforganl¥gkn1 SIn￿luT8 In ￿8¢e and 8 delegalon pdlcy. Th888 set out the 8reas of rasponslbllity and accountsblllty for Ihe pdnclpol ofhws and staff. The trustees are responslble for the ch8dty, bul the day to day runnlng of the chadty has been ploced In the hands of I￿ prtnclpBI off￿er￿. The prSncipal officer8 8r• answerablo to the trustees In all matters and must gjmnil monthty reports to the trustees and monthly fln8nd81 reports. Trustees meetings ￿ held evwy f￿r M￿th$ a unanimous dec¥slon must b& reached on any vote before the declslon Is implemenled. The stsff are ongNerabie lo the officers on day to day wothJn9 matters but can refar lo the Iruslee8 In the evenl ol a yoblem. REFERENCE AND ADMINISTRATIVE DETAILS R•gSsterod Charbty numb•r 1frJ1691 Prlnclpal addr•J• Unll 16 Dalnlon Manor 8usln¢$8 Park Dainlon Ipplepen TQ12 5TZ Indèp•nd•nt Examln•r Jeffoms GCN Llmlled Chartered Certified Accountants West Polnt, SecorKI Floor MUc￿0W Office Park MUC￿OW Hill Hglesowen B02 8DY Bankèrs CAF Bank 20 Klngs Hlll Avenue West M811kng Kent ME194JQ WOW (WORLD OF WORTH) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2023 Chalrman S Thomas Prlnclpal offl¢•rn MrA David Mrs RV Davld The trustees, report was approved by the Boord of Twsteos. S Thomas Tru¥t Dale., 20 June 2024 WOW (WORLD OF WORTH) INDEPENDENT EXAMINER'S REpoKr TO THE TRUSTEES OF WOW IWORLD OF WOltrHI I r•port to tho tru8t8•8 on my ox•minaliLY) oftha fin8Thio1 SlatoM￿ LrfWOW (W(rtl ofworth) (th• ch8rity}for tho year ended 31 August 2023. R•op•n•lbllltlM and ba•1• ol report A8 the knstee¥ of thts charity you are re8ponsble for the prepar4tw (rf th• IhwrK4AI st&t8mMts In a¢cordan th the requir8m8nts of the CharffjeB Act 2011 {Iho 2011 Acl}. l rnport in r•sp•ct of my •x•nlnadt)n of thè charFtys fin8noal statements Ggnfed out under 8ectlon 145 of th9 2011 Act. In carying out my wmln8tion I have folbwed all the applicaLqe Directlons g￿On by ChorEty Commi¥¥ion und•r Mcllon 146{6Mbl of the 2011 ACL Ind•p•nd•nt •xamln•f• •t•t•m•nl Slnce tho ¢h8ritl$ gr088 incomo oxceodod £250.OLV) Y￿￿r examhw ry¥J8t be a mgrrt)•r of a Il$1od In 8eCtlon 145 of tho 2011 ACL l ￿nfirn that l am ryallfied to undertth the axamlnallon b￿aUS0 l am a mom￿r of Thè A6scdatlon ol Chart•r8d Certtr￿d Acc￿nE8n￿ Is on• of the U818d bodlos. Your atten¢lon18 drawn to the f•¢t that ¢h•rity has pr•pw¢d fln8n¢lal 6t816mtrnts in accoTdanc& V+ith Accountlng gnd Reportlna by Charllies prepariTh4 thvlr a¢￿Unts In ac(¥rfarTh vAth th8 Flnancial Reporting Standard appllcab In the UK and R•publi¢ of Ir•l8nd {FRS 102) In Preferen￿ to the I£￿L￿TrI11￿j and R•potting by Ch•rlll•s'. Stgl•mont of R•¢ommended Prnctlce Issu8d 1 Wil 21))5 whth18 refe￿￿d to In tho oxtanl rgwlatiorbs but has now beon wlthdrèwn. l understsnd that Ihls has boon don& In ortsr lor frnrrtjal Stat￿ to pmvld• a IN• And folr ¥lew In accordanc wlth G•n8rally A¢¢•ptad A¢(thrrtlng Pr￿1￿9 prh)d• beginth on or aft•r 1 J￿Ufiry 2015. I hav• comp￿ted my examln81i)n. I cMfm that no huve e¢rn to my attenllon In C￿n￿￿On vAth the rnlnauon gfvlng m• causè to beNèv• that in any matorial r6spocl". accounllng records wero not kepl in r8$￿et of th• chartty as rnqulrod ty s•ctth 130 01 th 2011 Act., or thé finan¢ial ststgrn¢nts do not accord vAlh Ihose record8', the financial stat•ments do not conwty %￿lh thè app1k8￿* wBrylrements ¢oncemlng th8 k*rum and ojntenl of a￿o￿ntS sat out In lh• Chath (Accounts and Ror¥Jts) R¢gulalion$ 2008 othorthan any rnqulrement that tho a￿)￿nIS (Ne a Irue and fair vl•w whl¢h is not 8 matter considernd a5 part of An Ind&p•nd•nt examin8ti0n. ¥ GCN Lknlt•d Alan Jonos FCCA W￿1 Polnt, Sècond Floor Mucklow Offlce Park Muckjow Hill Hale80won B62 8DT Dated.. 20 Jun• 2024 ## **WOW (WORLD OF WORTH)** ## **STATEMENT OF FINANCIAL ACTIVITES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 AUGUST 2023**_ |**Current financial year**
**Unrestricted**
**fnds**
**2023**
**Notes**
**£**
**Income from:**
**Donation and legacies**
**2**
**188,619**
**Investments**
**3**
**776**
**Total Income**
**189,395**
**Charitable activities**
**4**
**192,432**
**Net income/(expenditure) and movement in funds**
**(3,037)**
**Reconciliation of fund:**
**Fund balances at 1 September 2022**
**52,795**
**Fund balances at 31 August 2023**
**49,758**
**Restricted**
**funds**
**2023**
**£**
**67,866**
**67,866**
**54,341**
**13,525**
**35,225**
**48,750**|**Total**
**Total**
**2023**
**2022**
**£**
**£**
**256,485**
**223,450**
**776**
**50**
**257,261**
**223,500**
**246,773**
**269,666**
**10,488**
**(46,166)**
**88,020**
**134,186**
**98,508**
**88,020**| |---|---| **The notes on pages 33 to 44 form part of these financial statements.** |**Prior financial year**||**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---| |||**funds**|**funds**|| |||**2022**|**2022**|**2022**| ||**Notes**|**£**|**£**|**£**| |**Income from:**||||| |**Donation and legacies**|**2**|**180,564**|**42,886**|**223,450**| |**Investments**|**3**|**50**||**50**| |**Total Income**||**180,614**|**42,886**|**223,500**| |**Charitable activities**|**4**|**196,075**|**73,591**|**269,666**| |**Net income and movement in funds**||**(15,461)**|**(30,705)**|**(46,166)**| |**Reconciliation of fund:**||||| |**Fund balances at 1 September 2021**||**68,256**|**65,930**|**134,186**| |**Fund balances at 31 August 2022**||**52,795**|**35,225**|**88,020**| WOW (WORLD OF WORTH) STATEMENT OF FINANCIAL posmoN FOR THE YEAR ENDED 31 AUGUST2023 2022 Flx•O ass•ts Tanglble assets 10 442 Curront ass•ts Debtors C88h at bank and In hartd 11 11,882 80,748 100,139 103.594 92,610 Cr•dltorn: •mount• falllng du• wlthln ¢)n• ￿•r 12 5,528 Net Current assets 98.000 88.020 Total aM•ts l•M curr•nt 98.508 88,020 Th• lund• olth• charlty Reslrlcted Income funds Unrestrfcted fvnds 13 48.750 49.758 35,22S 52,795 98,508 88.020 The note on p8g88 33 10 43 lomi part of these financlal slatements. Th¢ finandal Statements were approved by the Iw$lee5 on 20 Juno 2024. S Thomas Trustee WOW (WORLD OF WORTH) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 1 Accounllng poll¢l•• Ch•rlty Infomiatlon The cha￿ty Is controlled by it# G￿¥￿TIr￿j d￿Umen( ¥ dwd of Iju81￿d con•kns an tharfty. 1.1 Accountlng conY•ntlon Charftles Act 2011. FRS 102 Tr Re￿ts.￿ Standwd applkable in the UK and Rep￿￿ of Irglwmr CFRS 1021 a￿1 Cha￿tieS SORP'Acc4Mmtww •¥J ReFxxting ty Clwtigs.. Statèm8nt ol RecommeThled Pr8Ctke appl'cabl• to tharltles prewrfrvJ Ihwr accoLnts in accordarK¢ wlth tho Finawl R•pth"ng StandarLI app1ka￿a In Iho UK and Reput￿1¢ of I￿nd IFRS 102)" (effth 1 January 20191 Th¢ c*bQrtty Is a Publ B•wffil Enllty o¥ defin&1 ty FRS 102. Th• charfty h•s l•kw th•nlw d th• SORP lor chathlos nol ts> pr8parn • Statefftht ofca The ffinarKa•l ststwnmts arn pr•p•red In •t•rtlng, IB lUn&W￿ (wrrency d Ihe dwrlty. Monet•ry amounts In IInan(￿ st•lwMnts ￿ n￿nd￿j tr) the nogretst £ Tho ffinond818talements have been pwrnd under th• hl8tryl¢•l (x*t cmvenllon. Tho FrfINJp•l ￿￿￿)un11r￿d pollde8 •d￿ted ar• 8el out boIc￿. Fln•n¢Sal r•portlng •tAnd•rd 102 - r•du¢•d dhclo•ur• •x•mptlon• The charfty h88 lak•n advanlage of the fdlowing dwlo5urè èxèmptlon8 In weparlng th•¥• flnancoal Btsl•mants, 85 pemltted by FRS 102 Yh• Flnandal Reporong S￿dar￿ a￿kable In Ihe UK •nd Rwublk of Ireland: requlf•ment8 ol Sethi 7 Stabrrtht of Cath F￿￿. 1.2 Ch•rltabl• fund• Unrestricted funds are wMll8ble UM at Ihe th¢ Inffjtees In furthwance of thdr ¢hartt8bl (￿}￿¢b¥e8. Reslrfcled fijnds are SubA￿l to spaufL corhthons by grantofs as lo htrw they m8y bo used. The pu￿$•5 and ustt of Iho fe8trkled funds aro s81 oul in th8 noles to the stslem•nls. EndvMnanl fund$ are subj￿￿ lo speol¢ by dcfKKs th•t th• ca￿1 mtsjt be maInts*￿d by tho charfty. 1.3 Incom• All Income 1$ rewnised In the Slatwnent of Financi￿ ktivllles once ha8 emblwnent lo th? fund$. ￿ 1$ probabb8 that lh• Incc¥n• wlll be T￿￿ved arKI the amount can be mo88ured rellably. 1.4 Exp•ndltur• U8billbes are r•c4nlsed as expenditure a#soon asthere Is a legol Iyc￿St￿Jthé oblwtion rAmmilUng the charfty to that expondi￿re, il is probable that 8 transfer of •conornk benefits VAII be requlred In settt8ment the amount ol tho obllgavon can be meaSU￿d rellabty. ExpenLlture is accwnied fe¢ on an 8Lxru8ls b8s1s and has bo8n c1888ifi8d under headlngs th81 aggr8gale all Cost ieLqted to ¢he colo￿. Wh8ro costs cannot be dlrecuy attrfbuted to p8rtlcular headiny8 they have been alcx*led lo ackn￿118• on o bas* ¢ons6slenl wlth Ihe use of re50urceg. Grants offered 6ubJect lo eondiflons whlch havo nol bffj￿ at the y•w end djle Th)ted as a commltment but 33. VVUVV (VIIUKLU Utr PIVUK I Trij NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 A¢￿u￿(Ing polkl•• Contlnu•dl 1.5 Tanglbl• fixod asmts Tanglble fixed assets under Ihe cost model arn slated at N¥tcffk* L¥)51 accumLknted dwecialon and any accumulal8d Imp8lmient10gses. Hlstodcal &)st indudes exp8ndtur8 that Is attrfbutable lo bringing the asset to thè Ioc81ion and condlllon necessary for It to bg c8pabkn of op8rat¥￿ in th8 manner Intended by management. Th? Ch￿ty gdds to tho (¥rryiig amount of an ttom offtKed assets tr*e cost olreplacing Part ofsueh an Itam wl)en the cost Is kncurred. If the re￿acement part is expected to Pfovkle In(¥ementsl future benefits to th¢ Charity. Thè carrylng amount of the replacthj p*t Is defecoonlsed. Repalrn arrtl m8lntenance aro (tharyed to the Statement of Flnanclal Act￿115e$ durfng the period in wlmch they [r￿rIed. Indlvldual assets costry belry £500 aré ¥thTlttén off straWI agalnst tho Income and expendllure acQ￿jnt. Depredalon18 tharged 80 as to allccate the (xxt of tho as8ets1g8s theSr resldual value overtsir 08llm818d useful lives. DepT￿latI￿ Is providèd on tha fdlcNAng bagls: Flxtures and ffttirwJs 33.33% The a888ts' resldual values, useful Nves and depr￿a4110n mèthods are revlert&J, and adluslad prosp8c0ve￿ Ir appropdate, or ￿ there Is an ffindlcauon of a Stgnlkant changg since the last reportmig data. Galns 8nd losses on thsposals 8re determined by comparlng the proceeds wlth the amount and are rw>gni8ed in the Statement of Flnandol kl¥lUes. 1.6 Taxation The Chartty [# axémpl from tsx on Its tharltablo 8clvMe& 1.7 For•lgn exchange As5818 and liabilitles In ftyelgn currencles are trandaled Into steAlng at the rates ot exchange Nllng 8t Ihe ststewnenl of finanaal p)sSkn'on date. TransactSons In foreign ￿rrenCieS aro Iranslated into sterflng 8t the ralè of exchange ruling at the dale of transacilon. Exchange dlfferenGe3 ore taken Into accounl in arriving al the operaJng r8sull. 1.8 Fund accountlnll Unre¥lrfthd fvnds e4n be used in a(x0￿nCe tralh charfiable obJeclfves at tho dlscr8Oon of the tnjslees. Reslrfcted funds r£n only be used for parbcular r8slricled purposes wilhln the oblgcts of the Charity. Re8lriction8 arfse when specified by the dorKsr ￿ when fvrKls are raised for p9rbcu￿r reslrfcted purposes. Further explanatlon of the nature and pu￿0$• of each fund Is Induded In Ihe notes to the financial statements. WOW (WORLD OF WORTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 2 Don•ll0￿ and l•ga¢l Totsl Unr•strlct0d Rostrlct•d fund• funds Total funds fundj 2023 2023 2022 2022 2022 Donauons and gmts Glft ahj 166,044 22.576 87,886 233.910 22.575 156.038 24,528 42,888 198,924 24,526 188,619 67,866 256.485 180,584 42.888 223,450 3 In¢omo Inv•8tm•nt8 Unr••trlct•d Unr••trlct•d funds fund• 2023 2022 Inleresl r8celv8b 776 4 Charlthbl• a¢¢lvltl Charltabl• •xp•ndllufO 2023 Charltabltr •xp•ndltur9 2022 Staff cos18 Conferences Dlrecl project expens88 6,304 179 26,908 25.611 28295 33,391 Granl fvndlng of acuvltles (8e8 noto) 146295 175,890 Share of support U)5ts (see note 61 Sh8re of govemance costs (see nots 6) 58.767 13,418 51.699 8.688 248,773 269,666 Anatysl8 by fund Unrestrfcted funds Restricted funds 192.432 54.341 198,076 73.591 240,773 269.866 35- WOW (WORLD OF WORTH) NOTES TO THE FINANCIAL STATEMEKrs {coKnNUED) FOR THE YEAR ENDED 31 AUGusf 2023 5 Doscrlpllon of ¢har#•tA• •¢llvlll•• Charftable expendiiu 8 Support Go•ts Support Govwn•n¢a 2023 Support Gov•rnanc• co•ts co•ts 2022 stoff c08ts Depreciatlon Insurance Light and heat Communi¢ation and Informalon techndogy Other office expenses Advertlsing Sundry eynws Rent and rates Repairs and malntenance Motor and trov¢lh'nG C08ts Bank charges Bank intsrest Indep0nd￿t oxamlner8 fee¥ L8g81 and professlonal Tru8tO88 8XPonses 38,401 38.401 29,286 518 29.288 518 709 543 1.682 6.453 165 232 4.158 95 5.248 5.538 20 1,114 4,429 165 232 4.158 95 5.248 055 87 20 1,114 4.429 8.103 8,103 87 117 117 1,6 7.014 23 1.650 7.014 23 10.952 10,952 58,767 13.416 72.183 51.698 8.687 80.385 Analysed be￿een Ch8rftsble activities 58,787 13.416 72.183 51.698 8,887 60,386 58,767 13.416 72.183 61.698 8,087 60,385 7 Trustg None olthe trustew {or any person6 connthJ with them) re¢¢fved any remunerallon or benefits from the chartty during the yeai. WOW (WORLD OF WORTH) NOTES TO THE FINANCIAL STATEmE￿rs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 7 Trust••S Contlnu•d) Tr•n¥actlons wllh Tn•t••8' Tho fOlkn￿n9 donallons were re¢thd Tmste8s' In the year.. T Brown T Stephen W Whltmoor. Pryer £1,200 £1.1)20 £15.8(KJ The foll(hvtng expenÈ88 wérn pald to Trustees. In ts Y￿r- S J Thomas A Whhmoor- Pryer N Wllllarns £1214 £1.788 No transaGtfons o¢¢urrthl In the prevk￿$ yev. 8 EmpW• The average monthly numb8f ol employees durfng the year was: 2023 Numb•r 2022 Numb•r Prfn¢lpal offi¢ers and wpp¢xi Employm•nl costs 2023 2022 Wages and salarfes Other pension ￿$ts 48,752 M.235 1,327 50,214 45,562 There were no employees whose annual remuner01k￿ more than £60,000. 9 Tuallon The charity is exempt from taxatlon Th) Its a¢kn t￿8￿88 all 5ncome Is applw for tharilable purpos88. .37- WOW (WORLD OF WORTH) NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST2023 10 Tanglbl• fixo• u¥•ts FtxiuM• Ind fftYng• Cost At 1 September z￿12 ditlcms 13.212 590 At 31 August 2023 13,802 D•prnelatlon and Mwlmmnt At 1 September 2022 Depreciati￿ charyed In the 13.212 148 At 31 August 2023 13,￿0 C•rrylng amounl Al 31 August 2023 442 11 D•btorn 2023 2022 Amount• lalllng du• wlthln on• y••r. Trade debtors Other debtors Prepayment8 and accured Inccffie 2,638 569 248 4,145 359 7,358 3.455 11,882 12 Cr•dltors: amounts falllng due wlthln one y••r 2023 2022 Amounts falling du• wSthln on• year. Other taxation and So￿81 security Trad6 debtors Other debtors Accru815 and deferred incorne 2.226 1.680 2,434 1,560 5.528 4,590 WOW IWORLD OF WORTH) NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 AUGUST 2023 13 R•strlct•d funds The rethctsd funds cl the comwlse the unexpended balancesLrf donaows and wts held on trkn'st Su￿.8ct to S￿fiC condttions by donors as to how may be used. Movem•nl In fund* Movemènt In fvnd• ewdBd 31 Awdu 2023 2ty21 B8th81 F8lkn*%h* Tru8t Birttsjay Bulgarla Chmtrn88 Grfl Appaal Dres8 for a Yeor Chalkiyi tjjrtan ProleKt EBI Appoal Emergency FllgM$ for FOre￿n TrtP8 Forwgn Triy lor Volunt¢ Inlermkn8knn Klds Caft Log¢8 Gb)W Vl8fc 8ulgart MoBqUito Nots Mozamts'quo Op8n HarM1s Sped81 Gts and T¢Jol Kits Appeal Ugandan PastorB ApFeal Uqandan Tffja +44*paal WOW B811 WOW Ethlopla WOW Moz8mbique WOW Uganda 12S 79 11201 (701 {3￿) (4.1881 19.718) 92S1 {10,030) 11.140) 16.083) 15 1201 1791 4252 {3.T761 258 6.253 5.089 1.230 21.673 9.163 113.3341 122 8.120 21.710 15.4631 13.5461 172851 16.247 2.070 743 2,070 8,271 1,058 1743) 1CQ 21.714 7.446 128.224) 936 20.692 13,117) 18,511 32 214 78 377 0,1e6 1292) 1375> (9,0981 12341 14641 15,9951 7,894 234 775 4,962 9.412 8,379 775 15 775 721 1S 1251 10451 16951 11,6261 15.678) 14,7621 {1801 574 4,762 2.167 27 1557) 1.987 65,930 42.886 (73.5ty2) 35225 67.867 (54.3421 48,750 WOW (WORLD OF WORTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 13 RHtrlct•d funds IContlnu•d) B•th•l Fallowshlp Trust Thls fvnd supports ￿11￿5 in India ¥th¢n donots spedlk*lty donate lU￿rdS this proJecL WOW supports vAd(Yws wlth emeryJenw ald, and Mky￿b￿SInesS OPPtytunili8s. Blrthd•y Glfts To provlde IndI￿dUal blrthd8y gth fLY childr8n. Bulgarla A home to c4re lor ageing LWJt 0￿wI8. knlnlry. Ilfv skllb arKI ￿P10yabl1lfy thlll8. Chrl•tma8 Glft App•al Evary year WOW appeals lor funds to bJy overy wklvw. thlhj and student 8 ChriJlm88 pro88nt Drn•• for a Y•ar Ch•ll•ng• A lundrai86r by the Dlrecior L4 WOW, Rachd Davhl. wearfTrJ the samo dress ￿ day for on8 yéar to rals• fund8 to help women In Ethlopla during the Covhl pand8mlc. Durfan ProJ•ct Thls supports 8 thlldrén'8 8ducatlc•) wow8mme In Manlla. PhlllpF4ne8. Ebl Appo•1 To raise lunds for an ￿phan In Indla was Inv(knd kn an acthjonl lost hw1o9. Emorg•ncy Appul• Thls Is our dlsasler rellef furKI end CO￿15 I￿oMe aThl exFwdilure fcrf emergen¢y gltuaUM$ whlth affect our Prolacl8 such as typhoom, earthquakes, Covld etc. Fllghts for Forelgn trlp• To allccate Ihe cmts of fdghts of volunteers travellirvJ to WOW prry￿ For•lgn Trlps for Voluntmrs This fvnd Is for Volunleern, travel wlth the ChaAty to vlsSt the WOW Pr￿￿￿ overseas. Int•rml$sk>n A German charfty worklng In Blhar. IndLq. WOW supp(xts 77 thildren on an edurAtlon programm•. Kldty Camp Each yeor WOW helps one of its over5ea5 bw)eftciari8s lo hold a knds camp for all chlldren In thelrthlldren's homes kn IndSa. It Is a hollday for tre chlklren. where they come logelhw to play games. leam ngw aclvlues 8nd have fun. This has not been posslble for the past two year5 due to COVKI. Logo¥ Gk>b•l Vblon Bylg•rla A n8w home opened to care for agelng (Mrt cKphans, wovkliw lh￿n Mlh trainlng, Ilfe sk1115 and employabllity Mo8qulto Nets Appeal Speryfic lundraiser lo ralse money for Mosq￿ nets In Afrfca. Mozamblquo This fund supports the WOW Prdect kn Mozamblque. donat• t(hYa￿S thls pro1￿L WOW helps 70 v•¥)￿n with ag￿l￿Tal traknlng and mrcnFbU8tr￿s8as. WOW (WORLD OF WORTH) NOTES TO THE FINANCIAL STATEMEKrs (coKriNUED) FOR THE YEAR ENDED 31 AUGUST 2023 13 R•strlct•d funds (Contlnu•d) Op•n Hand¥ Inda Thls fund supports thldren% homes In Indla Wh￿ a (lonalion 1$ wilkally for th15 Pu￿. SpgGlal glfts and gr•nt• Thls lund covers money given for very s￿{fiC roasons and a sep8ral& detsllod spreadsheet is kept notlng the reasons for th8 dona1kJn. Th15 Cove￿ donations suth as t¥(￿laY alftsfor a chikl. a rnedlc4 blll fora spedflc chlld or ￿￿Ow. gifts glven for sarees otc. Tool Kits App••l Sp8ufic fvndral￿r lo ralse mcrny mosqu]to nets kn Afric•. Ugandan Pa•torn Apwal To ralse money lo provlde 8emIna￿ fry pastors In Uganda. Ugandan Tr••s App￿1 Money rnisèd lo plant trees In Ugand8 to ueale Self sustsinabifity frc¥n th8 haryestsd V+Wd, WOW Ball This is the charfty8 largest Jnnual fundfalslry event The money rals¢d wpport8 the WOW progr8mme#. Th18 has be￿ c¥nco11641 dl￿ng )*ardue to Covld. WOW Ethlopla Supports 60 wornen heolthcarn. fr￿, renl 8rwJ busln88s enWrt$88 In Addls Ababa when donors specfflcalty donate for thls purpose. WOW Moxamblw• Thi¥ fund supports the WOW Projact in M02amblque, when donors speoknlty donal8 trhv8rd8 thls prolecL WOW helps 70 women wth agrtCLAtsJ￿l tr8lnin9 and mletsbustnesse& WOW Uganda Thls fund supports the WOW progra1￿8 In Ugando. sUPPJrting 75 women wlth tralnlng and ml¢xtrbu$ln6$686, when donws spécificalty donate for Ug8ThJa. -41 WOW (WORLD OF WORTH) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 14 Unr•strl¢t•d funds Tho unrestrfcted funds of the charfty ¢(￿prIse Ihe balan￿8 of d(Ththons and grants ￿lch are not subject to spednc Q)n¢jtl(Y￿ by doncws and gwtrys 05 to they may be usfyj. These Indude d6$ignaléd lunds which have been sel out of unrestrlded fvnds by the 1rustees for spethc purposes. At1 Incomlng Ruourc •xt•nd•d At 31 Augu•t 2023 2022 Re8eNa fund GenerAI funds 21,CX)O 31.795 21.OCK) 28.758 189,395 1192,4321 52,795 189,395 {192.432) 49.758 Pr•vlou• y•ar: At1 InGomlrvJ R••ourc•• •xtend•d At31 Augu•t 2022 Reserve lund General funds 21.oc 472 21,000 31,796 180.614 {198,075j {196,075) 88256 180,814 52.795 G•neral fund Th8 WOW General Fund supports the WOW p￿￿Cts as detslled prvwsly and is the maln fvnd from whlch the women and children ara supported, and from whlch the WOW ￿erSeaS proje￿ Budgets ar8 mol. It also covers the charfty'$ core support costs. in purs￿ of the Ch8rlVs obheclives. 15 Analys1• of n•t M•¢ts b•twttn fund• Unr•8trict•d fund• 2023 Rostrlctod fund• 2023 Total 2023 Fund balanc￿ at 31 August 2023 ar• r•prns•nt•d by: Cu￿onI a5setsllllablllks) 49,758 48.750 98.508 49,758 48,750 WOW IWORLD OF WORTH) NOTES TO THE FINANCIAL STATEMEKfs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 15 Ana￿1* of not b•twe•n fvnd• (Contlnu•d) Unr••trlcl•d Rostrlct fund• fvnd• 2022 2022 Totsl 2022 Fund balanc88 at 31 Augu￿ 2022 ar• by: CLKrent asse￿IllabIllues) 62.795 35.225 86,020 52.795 35.225 88.020 16 R•lat•d party tran••ctlon• Thero wer8 no dl8¢losablo relat￿ party transacUM8 durlry the year {2￿￿- n￿), 43