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2023-03-31-accounts

Registered number: 02973200 Charity number: 1041711

World in Need International Ltd

(A Company Limited by Guarantee)

Unaudited

Trustees' Report and Financial Statements For the Year Ended 31 March 2023

World in Need International Ltd

(A Company Limited by Guarantee)

Contents

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13 - 30

World in Need International Ltd

(A Company Limited by Guarantee)

Reference and Administrative Details of the Charity, its Trustees and Advisers For the Year Ended 31 March 2023

Trustees A Martin
I S J Martin, Chair and Treasurer
K L Powney
D M Rowe, Deputy Chair
A K Yip, Secretary
Company registered
number
02973200
Charity registered
number
1041711
Registered office
Trinity Training Centre
Mill Crescent Park Road
Crowborough
East Sussex
TN6 2QU
Chief executive officer
David Goodchild
Accountants
Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
Bankers
Lloyds Bank plc
82 Mount Pleasant Road
Tunbridge Wells
Kent
TN1 1RP

Page 1

World in Need International Ltd

(A Company Limited by Guarantee)

Trustees' Report For the Year Ended 31 March 2023

The Trustees present their annual report together with the financial statements of the Charity for the financial period between 1 April 2022 to 31 March 2023. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

World in Need International (referred to as WIN) exists for “Practical Mission’’. That is as disciples, we help the poor, the hungry and those in need of education. Having experienced this expression of God’s love we then give these people the opportunity to hear the good news of Jesus, to know Him more and develop a relationship with Him as Lord and Saviour of their lives. Then we help them to be disciples who make disciples. By enabling local people in each country to develop their skills and capacity through education and development programmes, the charity seeks to make real differences to local communities. WIN always seeks to work directly in partnership with local community leaders who share our passion and vision for “Practical Mission”.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

In pursuing our mission, WIN has 3 clear aims:

Aim 1: Discipleship of those we serve and to strengthen the church in the areas where we work. Aim 2: To feed the hungry and help the poor.

Aim 3: Helping Churches and Christians engage in global mission.

c. Activities undertaken to achieve objectives

In support of our aims this year we have focused on the following strategies:

Page 2

World in Need International Ltd

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2023

Objectives and activities (continued)

d. Main activities undertaken to further the Charity's purposes for the public benefit

The clearly identifiable public benefits of the charity, in line with the charity’s aims, are:

In setting our programmes each year the Trustees have regard to the Charity Commission's general guidance on public benefit and on the prevention and relief of poverty. The Trustees always ensure that the programmes undertaken are in line with our charitable objects and aims.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 3

World in Need International Ltd

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2023

Achievements and performance

a. Main achievements of the Charity

An update from the CEO

This financial year has seen the change of CEO here at World in Need and I am grateful for the warm welcome from everyone as I have settled into the role. Specifically, I am grateful for our Trustees, UK Staff team, volunteers and Global Family. I am also particularly thankful to God for the ongoing support of our sponsors and donors for their generosity and faithfulness. This past year has been about stabilising and supporting our Global Family as they have tried to return to some sense of normality after the turbulent last few years. The effects of global inflation continue to impact upon our Global Family abroad and on our supporters at home. However, we are grateful that we operate under God’s calling and continue to carry his heart and grace for the people we serve.

Global Family

Regular online meetings have been good for getting to know the Global Family members. These times have also provided important moments for pastoral care, mentoring and coaching, in what has been an extremely challenging time coming out of the pandemic and into increased challenges in their communities.

Sierra Leone

Tamba’s health has been much improved this year and I am planning to visit Tamba and Marina this year in Freetown, I intend to visit the School in the Wellington district and some of the Churches that he is overseeing.

DR Congo

This year has been a struggle for Claudaline and family as she adjusts to life without her husband. But our regular catchups, the support of her daughter on location and the support of other friends in the UK have been extremely valuable for her and the ongoing work of the Hope and Grace schools.

Uganda – Central

The Maranatha School continues to do well. Madame Gertrude has retired after 20 years of service to the school and recruitment for a new head teacher is well under way. The school is also considering new ways of sustainability, with a plan to take on egg laying chickens to provide for the school’s need, but also to sell to the local community directly or to sell cakes. Our director Albert has successfully completed his first Basic Discipleship Course.

Uganda – North

Reverend George and his wife have suffered with ill health. In addition to this the bean harvest failed. George continues his work in the Church overseeing many congregations bringing support to many communities. Jesus Is The Way Primary School continues to serve many children even through the challenges.

Kenya

Following on from the loss of his wife, Robert has continued in his role as director, but the pressures of grief and new political requirements for schools have been a challenge for him. I am intending to meet with him in person for encouragement when enroute to Sierra Leone. Our regular meetings online have been an encouragement for him. He has successfully completed his first Basic Discipleship Course. The Nancy George Academy continues to do well despite the challenges.

Ethiopia

The operations in Ethiopia have been blessed by the extra support of Minte to assist Meaza in the work at The Rightpath – supporting families with educational fees and health checkups. Due to inflation and soaring rental costs, we had to start to regularly support them with paying their rent (even though it has been reduced by a kind landlord). We are praying for a longer-term solution to this challenge.

Page 4

World in Need International Ltd

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2023

Achievements and performance (continued)

Pakistan

We have been able to continue to support our WIN leader in Pakistan, helping her to support many families in the areas with support for school fees and food supplies. The situation in the country continues to be challenging due to political and religious unrest.

India – Punjab

The children in our boys children’s home are well. We responded to an emergency request to supply funds for the repair of the Sewage Treatment Plant that was leaking badly in the children’s play area.

India – Faridabad

Sanjay and Sheeba have continued the work in India, although Sheeba has been very unwell following a cancer diagnosis and several rounds of chemotherapy, this has left her extremely tired. Thankfully she is supported by a small but faithful team. The work continues to provide for the children’s educational and social needs.

Bangladesh

We successfully raised funds through an appeal for a new church building for the new Christians in the surrounding villages. The building will also be used to reach out to the community to help with educational needs. Home Of The Champions children’s home was re-opened and the children are doing well and healthy.

Thailand

As yet the drug rehabilitation centre has not been able to re-open after the pandemic and will require a new funding plan and staff to start up the work, which are currently being considered. Both children of our leaders are being faithfully sponsored and continue in their education. The leaders are supplementing their support by working in a café.

Philippines

The School and Church had to leave the centre as the landlord was looking to sell the property. They have now moved to a smaller premises in a different part of the city and have started to rebuild the school following the pandemic and building move. The school, known as Cypress School is beginning to rebuild after the pandemic and move. They are nearing completion of their first Basic Discipleship Course.

Poland

Through our connection with the previous CEO of WIN in Poland, we were able to establish connections with local churches and Christian organisations. We were able to provide much needed supplies to the many refugees through this temporary emergency appeal.

South Africa

Relationship with South African organisation Emmanuel Press continues to flourish, and the use of their Biblical Discipleship Course in partnership with WIN is being a blessing amongst our Global Family. My visit to Emmanuel Press was a great privilege and inspiration.

Discipleship Programme

The Basic Discipleship Course was launched, and the Phase 1 pilot scheme rollout is near completion in Kenya, the Philippines and Uganda. Once completed, there will be a review and guidelines will be produced for the next phase and inclusion of more countries. We continue to work in close relationship with Emmanuel Press in South Africa, which included a helpful visit to see their operations first hand.

The UK Office

Using the freshly decorated offices we have continued to develop our positive team dynamic by using the central space for an open-plan working environment, whilst maintaining the option for larger gatherings and private meeting rooms. As all staff and volunteers are working part-time, we are successfully working in a hybrid fashion using the offices on days when most staff are working, and from home on less busy days.

Page 5

World in Need International Ltd

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2023

Achievements and performance (continued)

Database

The database known as ‘Unity’ is up and running and is helping us with our operations. It continues to be under development, with further additions possible in the future. Out hope is to continue to use technology to help us save time and deliver a better experience for both our donors and those we exist to support.

Sponsorship

Sponsorships have decreased this year, primarily due to some donors feeling the effects of the inflationary pressures on finances.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The policy of the charity is to maintain both restricted and unrestricted funds at levels that will enable the charity to meet its objectives for the foreseeable future. For restricted funds this is usually self-controlling as programmes are only expended within budgets aligned with their donations or grants. The trustees, CEO and Finance Manager have agreed a cash reserves policy of £40,000 to cover the following needs: staff salaries and services for approximately 3 months and/or an emergency fund. Use of the cash reserves requires trustee and CEO approval. Should a decision to use the reserves be taken in an emergency this will include plans for its replacement. If trustees decide to increase reserves, then the policy will be changed accordingly.

Structure, governance and management

a. Constitution

World in Need International Ltd is registered and established as a charitable company limited by guarantee.

The main purpose of the charity, as set out in the Memorandum of Association, is to relieve poverty, sickness and distress, to preserve the health of persons in any part of the world, and to advance the education of such persons and those involved in administering such relief and all such objects that are charitable in law and not inconsistent with the above.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

c. Induction and training of Trustees

Induction and training of Trustees is carried out through briefings by the Chairman, CEO and staff and by participation in World in Need conferences and other events. Trustees generally have a management or professional background relevant to the charity.

Page 6

World in Need International Ltd

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2023

Structure, governance and management (continued)

d. Arrangements for setting key management personnel remuneration

The key personnel are the Chief Executive Officer and the finance manager. Their remuneration is approved by the trustees.

e. Organisational structure

The CEO together with his team, which includes the child sponsorship manager and the finance manager, handles the day-to-day management of the charity. Trustees meet both formally and informally about eight times per year in addition to the AGM, and the CEO normally attends these meetings. The Trustees, working together with the CEO, are responsible for setting the overall direction of the charity, for approving the budget and major expenditures, for reviewing income and expenditure against budget and for assessing and mitigating major risks.

f. Related party relationships

World in Need operates outside the UK through relationships with local organisations in Bangladesh, Democratic Republic of Congo, Ethiopia, India, Kenya, Pakistan, the Philippines, Poland, Sierra Leone, South Africa, Thailand and Uganda. These local organisations, many with their own governance structures and staff, are full or associate members of the World in Need Global Family and have agreed to operate in accordance with the World in Need Global Family Agreement. The Global Family regularly meets online for chat, discussion, prayer and mutual encouragement.

Page 7

World in Need International Ltd

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2023

Structure, governance and management (continued)

g. Major risks and management of those risks

Significant activities undertaken are subject to a risk review as part of the initial project assessment and implementation. Major risks are identified and ranked in terms of their potential impact and likelihood.

Major risks, for this purpose, are those that may have a significant effect on:

The Trustees review these risks on an ongoing basis and satisfy themselves that adequate systems and procedures are in place to manage the risks identified through the maintenance of a formal SORP risk assessment register, with mitigations and corrective actions by Trustees and management. This is subject to trustee/management review at formal meetings, where risk management is reported. Where appropriate, risks are covered by insurance.

The following framework is key to ensuring adequate risk assurance:

At the end of March 2023 the highest risks were considered to be:

In assessing risk the Trustees recognise that some areas of our work require the acceptance and management of some risk if our key objectives are to be achieved.

Page 8

World in Need International Ltd

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2023

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial period. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................

I S J Martin (Chair of Trustees)

Date: 12 December 2023

Page 9

World in Need International Ltd

(A Company Limited by Guarantee)

Independent Examiner's Report For the Year Ended 31 March 2023

Independent Examiner's Report to the Trustees of World in Need International Ltd ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023.

Responsibilities and Basis of Report

As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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 in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed:

Dated: 12 December 2023

James Peach, FCA

Kreston Reeves LLP, Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG

Page 10

World in Need International Ltd

(A Company Limited by Guarantee)

Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 March 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net income/(expenditure)
Transfers between funds
15
Total transfers
Net movement in funds before other
recognised gains
Other recognised gains:
Gains on revaluation of fixed assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
123,755
3,177
10,251
137,183
18,237
117,338
135,575
1,608
(2,836)
(2,836)
(1,228)
80,759
79,531
429,067
79,531
508,598		 Restricted
funds
2023
£
159,123
710
-
159,833
-
151,686
151,686
8,147
2,836
2,836
10,983
-
10,983
22,761
10,983
33,744		 Total
funds
2023
£
282,878
3,887
10,251
297,016
18,237
269,024
287,261
9,755
-
-
9,755
80,759
90,514
451,828
90,514
542,342		 Total
funds
2022
£
308,680
13,616
8,806
331,102
32,640
307,812
340,452
(9,350)
-
-
(9,350)
-
(9,350)
461,178
(9,350)
451,828

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 13 to 30 form part of these financial statements.

Page 11

World in Need International Ltd

(A Company Limited by Guarantee) Registered number: 02973200

Balance Sheet As at 31 March 2023

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 2,950
128,078
131,028
(15,606)		 2023
£
426,920
426,920
115,422
542,342
33,744
508,598
542,342		 4,114
116,125
120,239
(17,120)		 2022
£
348,709
348,709
103,119
451,828
22,761
429,067
451,828

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

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

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................

I S J Martin

(Chair of Trustees)

Date: 12 December 2023

The notes on pages 13 to 30 form part of these financial statements.

Page 12

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

1. General information

World in Need International Ltd is an incorporated charity registered with the Charity Commission in England and Wales. The registered office address is Trinity Trading Centre, Mill Crescent, Crowborough, East Sussex, TN6 2QU.

The charity is a company limited by guarantee. The members of the company are the Trustees. In the event of the company being wound up, the liability of each Trustee amounts to £1 towards the assets of the charity.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

World in Need International Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

No statement of cash flows has been provided as the charity is small under the Charities SORP (FRS 102).

The financial statements are presented in sterling and rounded to the nearest £1.

2.2 Going concern

The trustees have considered the impact of the global uncertainty happening in the world currently. They have considered the charity will continue to operate for the foreseeable future and be able to settle all liabilities as they fall due, and is a going concern.

Page 13

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Charity's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Page 14

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

2. Accounting policies (continued)

2.4 Expenditure (continued)

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Gift Aid

Where the right to receive Gift Aid has been established, the amount receivable is recognised as investment income in the Statement of Financial Activities.

2.7 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of Financial Activities.

2.8 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.9 Tangible fixed assets and depreciation

Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the revaluation model, tangible fixed assets whose fair value can be measured reliably shall be carried at a revalued amount, being their fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting date.

Fair values are determined from market-based evidence by appraisal that is normally undertaken by professionally qualified valuers. If there is no market-based evidence of fair value because of the specialised nature of the tangible fixed asset and it is rarely sold, except as part of a contributing business, a Charity may need to estimate fair value using an income or depreciated replacement cost approach.

Gains and losses on revaluation are recognised in the Statement of Financial Activities, with a separate revaluation reserve being shown in the Statement of funds note within Fixed assets fund.

Page 15

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

2. Accounting policies (continued)

2.9 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

2.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.13 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.14 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

2.15 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

Page 16

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

2. Accounting policies (continued)

2.16 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Donations and legacies
Donations
Gift aid reclaimed
Grants
Donated services and facilities
Total 2023
Donations
Gift aid reclaimed
Legacies
Donated services and facilities
Total 2022		 Unrestricted
funds
2023
£
74,136
37,616
5,250
6,753
123,755
Unrestricted
funds
2022
£
93,190
44,733
838
4,913
143,674		 Restricted
funds
2023
£
149,032
91
10,000
-
159,123
Restricted
funds
2022
£
164,868
138
-
-
165,006		 Total
funds
2023
£
223,168
37,707
15,250
6,753
282,878
Total
funds
2022
£
258,058
44,871
838
4,913
308,680

Page 17

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

4. Income from charitable activities

Sales of goods and services
Other events income
Sales of goods and services
Other events income		 Unrestricted
funds
2023
£
-
3,177
3,177
Unrestricted
funds
2022
£
525
6,932
7,457		 Restricted
funds
2023
£
-
710
710
Restricted
funds
2022
£
-
6,159
6,159		 Total
funds
2023
£
-
3,887
3,887
Total
funds
2022
£
525
13,091
13,616

5. Investment income

Rental income
Interest received on bank deposits
Rental income
Interest received on bank deposits		 Unrestricted
funds
2023
£
9,112
1,139
10,251
Unrestricted
funds
2022
£
8,775
31
8,806		 Total
funds
2023
£
9,112
1,139
10,251
Total
funds
2022
£
8,775
31
8,806

Page 18

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

6. Expenditure on raising funds

Costs of raising voluntary income

Marketing and publicity
Fundraising events
Wages and salaries
Costs of raising voluntary income - NI
Costs of raising voluntary income - pension costs
Marketing and publicity
Fundraising events
Wages and salaries
Costs of raising voluntary income - NI
Costs of raising voluntary income - pension costs		 Unrestricted
funds
2023
£
2,830
(30)
14,577
131
729
18,237
Unrestricted
funds
2022
£
6,818
432
23,947
519
924
32,640		 Total
funds
2023
£
2,830
(30)
14,577
131
729
18,237
Total
funds
2022
£
6,818
432
23,947
519
924
32,640

Page 19

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

7. Analysis of expenditure on charitable activities

Summary by fund type

Country Support
Child Sponsorship
Country Support
Child Sponsorship		 Unrestricted
funds
2023
£
57,134
60,204
117,338
Unrestricted
funds
2022
£
76,301
63,977
140,278		 Restricted
funds
2023
£
48,132
103,554
151,686
Restricted
funds
2022
£
51,126
116,408
167,534		 Total
2023
£
105,266
163,758
269,024
Total
2022
£
127,427
180,385
307,812

Summary by expenditure type

Country Support
Child Sponsorship
Country Support
Child Sponsorship		 Staff costs
2023

£
53,960
21,499
75,459
Staff costs
2022
£
52,366
17,580
69,946		 Depreciation
2023
£
2,548
-
2,548
Depreciation
2022
£
2,260
-
2,260		 Other costs
2023
£
48,758
142,259
191,017
Other costs
2022
£
72,801
162,805
235,606		 Total
2023
£
105,266
163,758
269,024
Total
2022
£
127,427
180,385
307,812

Page 20

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

8. Analysis of expenditure by activities

Country Support
Child Sponsorship
Country Support
Child Sponsorship		 Activities
undertaken
directly
2023
£
75,453
125,053
200,506
Activities
undertaken
directly
2022
£
86,351
134,867
221,218		 Support
costs
2023
£
29,813
38,705
68,518
Support
costs
2022
£
41,076
45,518
86,594		 Total
funds
2023
£
105,266
163,758
269,024
Total
funds
2022
£
127,427
180,385
307,812

Basis of allocation

Expenditure is allocated based on the most applicable of the following methods:

9. Independent examiner's remuneration

2023 2022
£ £
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts 2,700 2,700

Page 21

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

10. Staff costs

Wages and salaries
Social security costs
Pension costs		 2023
£
86,600
488
3,808
90,896		 2022
£
89,528
2,395
3,413
95,336

Wages and salaries reported above are the combined staff cost totals as reported in notes 6 and 7.

The average number of persons employed by the Charity during the year was as follows:

Charitable purposes
Raising funds		 2023
No.
3
4
7		 2022
No.
6
1
7

No employee received remuneration amounting to more than £60,000 in either year.

The charity made no redundancy or termination payments during either the current or prior year.

Ex-gratia termination payments to former employees are made when the trustees believe it is appropriate to do so.

The total employee benefits, including employer pension contributions, of the key management personnel of the charity were £51,339 (2022 - £52,590).

The chief executive officer (Preceding and new in the year), as the highest paid member of staff, received benefits, including employer pension contributions, totalling £36,774 (2022 - £39,029). During the year restricted donations have been received by the charity for the personal support of the Chief Executive Officer and these are paid in addition to these benefits. The personal support payments paid during the year were £Nil (2022 - £1,600).

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).

Page 22

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

12. Tangible fixed assets

Cost or valuation
At 1 April 2022
Disposals
Revaluations
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
On disposals
On revalued assets
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Freehold
property
£
350,000
-
75,000
425,000
4,319
1,440
-
(5,759)
-
425,000
345,681		 Office
equipment
£
18,706
(1,125)
-
17,581
15,678
1,108
(1,125)
-
15,661
1,920
3,028		 Total
£
368,706
(1,125)
75,000
442,581
19,997
2,548
(1,125)
(5,759)
15,661
426,920
348,709

The fair value of the company's land and buildings was revalued on 31 March 2023. An independent valuation was conducted by Peter Oliver Homes Limited.

The land value of the freehold property suffers no depreciation.

The Charity has adopted a policy of revaluation for tangible fixed assets. Had these assets been measured at historic cost, the carrying values would have been as follows:

2023 2022
£ £
Freehold property 90,989 91,878

Page 23

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

13. Debtors

Due within one year
Other debtors
Prepayments and accrued income		 2023
£
2,779
171
2,950		 2022
£
3,950
164
4,114

14. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2023
£
(382)
848
11,522
3,618
15,606		 2022
£
435
1,412
11,170
4,103
17,120

Page 24

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

15. Statement of funds

Statement of funds - current year

Unrestricted
funds
Designated
funds
Fixed assets
Revaluation
reserve
Overhead
provision
Approved
projects
General funds
General fund
Total
Unrestricted
funds
Restricted
funds
Bangladesh
Child
sponsorship
Congo
South Africa
(Emmanuel
Press)
Ethiopia
Feeding
programme
Freight Costs
India - Faridabad
Kenya
Northern
Uganda
Philippines
Sierra Leone		 Balance at 1
April 2022
£
106,680
242,029
30,000
5,200
383,909
45,158
429,067
-
2,906
-
-
-
160
-
-
5,672
4,111
-
-		 Income
£
-
-
-
-
-
137,183
137,183
795
101,755
12,600
12,353
2,768
5,114
148
1,064
2,136
1,312
4,046
563		 Expenditure
£
(2,548)
-
-
(1,800)
(4,348)
(131,227)
(135,575)
(795)
(98,367)
(12,600)
(2,550)
(2,273)
(5,117)
-
(767)
(2,028)
(3,402)
(4,046)
(563)		 Transfers
in/out
£
(2,203)
2,203
10,000
-
10,000
(12,836)
(2,836)
-
140
-
-
-
-
106
(270)
-
-
-
-		 Gains/
(Losses)
£
5,759
75,000
-
-
80,759
-
80,759
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2023
£
107,688
319,232
40,000
3,400
470,320
38,278
508,598
-
6,434
-
9,803
495
157
254
27
5,780
2,021
-
-

Page 25

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

15. Statement of funds (continued)

Statement of funds - current year (continued)

Balance at
Balance at 1 Transfers Gains/ 31 March
April 2022 Income Expenditure in/out (Losses) 2023
£ £ £ £ £ £
Thailand - 576 (576) - - -
India - Punjab - 644 (644) - - -
Uganda 548 2,488 (2,411) - - 625
UK Fundraising 1,160 696 (776) - - 1,080
UK
Miscellaneous
(including
discipleship
course and
coronavirus
support) 1,533 1,878 (533) 2,860 - 5,738
Poland 6,221 3,885 (9,576) - - 530
Pakistan - 5,012 (4,212) - - 800
India Delhi 450 - (450) - - -
22,761 159,833 (151,686) 2,836 - 33,744
Total of funds 451,828 297,016 (287,261) - 80,759 542,342
Statement of funds - prior year
Balance at
Balance at Transfers 31 March
1 April 2021 Income Expenditure in/out 2022
£ £ £ £ £
Unrestricted funds
Designated funds
Fixed assets 106,703 - (2,260) 2,237 106,680
Revaluation reserve 242,918 - - (889) 242,029
Overhead provision 30,000 - - - 30,000
Approved projects - - (2,500) 7,700 5,200
379,621 - (4,760) 9,048 383,909
General funds
General fund 63,147 155,024 (163,245) (9,768) 45,158
Total Unrestricted funds 442,768 155,024 (168,005) (720) 429,067

Page 26

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

15. Statement of funds (continued)

Restricted funds
Bangladesh
Child sponsorship
Congo
Ethiopia
Feeding programme
Freight Costs
India - Faridabad
Kenya
Northern Uganda
Philippines
Sierra Leone
Thailand
India - Punjab
Uganda
UK Fundraising
UK Miscellaneous (including
discipleship course and
coronavirus support)
Poland
Pakistan
India Delhi
Total of funds		 -
3,377
-
-
55
103
450
5,564
7,706
-
-
-
-
-
182
973
-
-
-
18,410
461,178		 1,841
106,805
11,340
1,924
5,775
1,430
2,550
7,598
5,033
4,943
761
523
1,600
1,547
2,912
3,940
6,221
1,677
2,745
171,165
326,189		 (2,291)
(107,276)
(11,340)
(1,924)
(5,670)
(1,803)
(3,000)
(7,490)
(8,628)
(4,943)
(761)
(523)
(1,600)
(999)
(1,934)
(3,380)
-
(1,677)
(2,295)
(167,534)
(335,539)		 450
-
-
-
-
270
-
-
-
-
-
-
-
-
-
-
-
-
-
720
-		 -
2,906
-
-
160
-
-
5,672
4,111
-
-
-
-
548
1,160
1,533
6,221
-
450
22,761
451,828

Page 27

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

16. Summary of funds

Summary of funds - current year

Designated
funds
General funds
Restricted funds		 Balance at 1
April 2022
£
383,909
45,158
22,761
451,828		 Income
£
-
137,183
159,833
297,016
Balance at
1 April 2021
£
379,621
63,147
18,410
461,178		 Expenditure
£
(4,348)
(131,227)
(151,686)
(287,261)
Income
£
-
155,024
171,165
326,189		 Transfers
in/out
£
10,000
(12,836)
2,836
-
Expenditure
£
(4,760)
(163,245)
(167,534)
(335,539)		 Gains/
(Losses)
£
80,759
-
-
80,759
Transfers
in/out
£
9,048
(9,768)
720
-		 Balance at
31 March
2023
£
470,320
38,278
33,744
542,342
Balance at
31 March
2022
£
383,909
45,158
22,761
Summary of funds - prior year
Designated funds
General funds
Restricted funds
451,828

Purpose of restricted funds

Country support - general gifts restricted to that field Child sponsorship - support for children

Feeding programme - to feed children at our schools UK fundraising - fundraising in the UK for emergency needs anywhere UK miscellaneous - specific gifts for UK needs

Purposes of designated funds

Fixed asset fund - relates to the tangible fixed assets as they are not free available reserves Revaluation reserve - relates to the difference between the market value of the property and historical cost

Europe-UK overhead provision - a fund of £40,000 set aside to cover any emergency overhead costs Legacies - substantial legacies are set aside until the trustees determine how they should be spent Approved projects - money set aside from the general fund for projects approved by the trustees Transfers from restricted funds to the general fund have been made with the donors' consent where the original intended use of the funds is no longer possible.

Page 28

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
426,920
81,678
-
508,598		 Restricted
funds
2023
£
-
49,350
(15,606)
33,744		 Total
funds
2023
£
426,920
131,028
(15,606)
542,342

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
348,709
80,358
-
429,067		 Restricted
funds
2022
£
-
39,881
(17,120)
22,761		 Total
funds
2022
£
348,709
120,239
(17,120)
451,828

18. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £3,808 (2022 - £3,413). Contributions totalling £nil (2022 - £717) were payable to the fund at the balance sheet date and are included in creditors.

Page 29

World in Need International Ltd

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2023

19. Related party transactions

During the year the charity made the following related party transactions:

Key management personnel

During the year donations received from key management personnel with conditions attached totalled £750 (2022 - £1,045). During the year donations received from key management personnel without any conditions totalled £10 (2022 - £20). At the balance sheet date the amount due to/from Key management personnel was £Nil (2022 - £Nil).

Donations received from related parties of key management personnel with conditions attached totalled £1,980 (2022 - £2,549)

Trustee Donations

Donations received from trustees without conditions attached totalled £18,200 (2022 - £25,000) for the year. Other donations received from trustees with conditions totalled £11,155 (2022 - £12,689).

Donations received from related parties of the trustees with conditions attached totalled £9,336 (2022: £7,942) and without conditions totalled £Nil (2022: £1,200).

Daniel Rowe

(Trustee)

A monthly conditional donation of £900 commenced in November 2020 from Daniel Rowe. The purpose of the donation is to help provide funds for administration and will be made monthly up to July 2025 on the basis that Mrs Charlotte Sharp is employed by the charity. The Board Register of related interests and potential conflicts of interest has been updated to reflect this relationship and Daniel Rowe has agreed to withdraw himself from any decision making regarding this employee. At the balance sheet date the amount due to/from Daniel Rowe was £Nil (2022 - £Nil).

Page 30