Charity number: 1057527
UK WORLD EVANGELSIM TRUST
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2020
UK WORLD EVANGELSIM TRUST Contents Page For the year ended 31 December 2020
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 to 12 |
UK WORLD EVANGELSIM TRUST Report of the Trustees
For the year ended 31 December 2020
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2020. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity as set out in the Declaration of Trust are:
(a) The advancement of the Christian faith and
(b) The relief of persons who are in conditions of hardship or distress or who are aged or sick.
(c) The promotion and fulfilment of such other charitable purposes beneficial to the community.
(d) The trust was involved in Christian outreach programmes designed to increase Christian awareness and spread the Gospel of our Lord Jesus Christ.
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
The Trustees are please to report the continued growth and demand for the work of the trust.
This growth has been experirnced in UK and other nations where the Trust is involved.
The TV Ministry has continued to grow through its daily coverage of the United Kingdom and Europe.
Periodical Seminars and conferences have contiued to attract interdenominational worship. This trend will continue as leaders are raised to pastor new branches.
The church had ministry outreaches in Iceland, Norway, Nigeria, Spain, Botswana, South Africa, Uganda and Greece.
.Media: Tv, Radio, Facebook, Youtube and the Church website. Internet Tv Streaming 24/7 and internet radio 24/7. .We organise one day a week voluntary chaplaincy to Lewisham hospital.
.We organise dinner for homeless in Deptford, Lewisham and Greenwich area every Friday evening 6pm to 7pm.
FINANCIAL REVIEW
The net surplus for the year amounted to £8968 which is attributable to general reserves of the charity.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity UK WORLD EVANGELSIM TRUST Charity registration number 1057527 Principal address 2A GOSTERWOOD STREET LONDON SE8 5NX
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr Alex Babudoh Mr Tony Obayori Mrs Elizabeth Iheanacho Mr Chidi JC Abiakweh
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UK WORLD EVANGELSIM TRUST Report of the Trustees Continued For the year ended 31 December 2020
Independent examiners
CHRIS ATKINS SERVICES LIMITED 2.17 ASTRA HOUSE ARKLOW ROAD LONDON SE14 6BY
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 19 May 2021 Mr Alex Babudoh
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UK WORLD EVANGELSIM TRUST Independent Examiners Report to the Trustees
For the year ended 31 December 2020
I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
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 that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
CHRIS ATKINS SERVICES LIMITED
2.17 ASTRA HOUSE
ARKLOW ROAD LONDON SE14 6BY
19 May 2021
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UK WORLD EVANGELSIM TRUST Statement of Financial Activities
For the year ended 31 December 2020
| Notes Income and endowments from: Donations and legacies 2 Investments 3 Bank interest receivable Total Expenditure on: Charitable activities 4/5 Activity 1 Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 230,440 - 230,440 (221,472) (221,472) 8,968 321,999 330,967 |
2019 £ 242,245 1 |
|---|---|---|
| 242,246 | ||
| (235,422) | ||
| (235,422) | ||
| 6,824 278,929 |
||
| 285,753 |
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UK WORLD EVANGELSIM TRUST Statement of Financial Position
As at 31 December 2020
| Notes | 2020 | 2019 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 11 | 883,289 | 891,219 |
| 883,289 | 891,219 | ||
| Current assets | |||
| Debtors | 12 | 19,870 | 73,217 |
| Cash at bank and in hand | 51,688 | 2,464 | |
| 71,558 | 75,681 | ||
| Creditors: amounts falling due within one year | 13 | (39,904) | (40,420) |
| Net current assets | 31,654 | 35,261 | |
| Total assets less current liabilities | 914,943 | 926,480 | |
| Creditors: amounts falling due after more than one year | 14 | (583,976) | (579,794) |
| Net assets | 330,967 | 346,686 | |
| The funds of the charity | |||
| Unrestricted income funds | 15 | 330,967 | 346,686 |
| Total funds | 330,967 | 346,686 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mrs Elizabeth Iheanacho Trustee 19 May 2021
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UK WORLD EVANGELSIM TRUST Notes to the Financial Statements
For the year ended 31 December 2020
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
UK WORLD EVANGELSIM TRUST 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 note(s).
Going concern
Funds
The breakdown of the unrestricted funds are:-
UnRestricted Funds:- £302,214
Other Reserves:- £19,785
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings | 2% Reducing balance |
|---|---|
| Plant and Machinery | 25% |
| Fixtures and Fittings | 25% |
2. Income from donations and legacies
| Unrestricted funds Donations received Grants received |
2019 2020 £ £ 242,245 214,885 - 15,555 242,245 230,440 |
|---|---|
3. Investment income
| Bank interest receivable | 2020 £ - - |
2019 £ 1 |
|---|---|---|
| 1 |
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UK WORLD EVANGELSIM TRUST Notes to the Financial Statements Continued
For the year ended 31 December 2020
4. Costs of charitable activities by fund type
| Unrestricted funds Activity 1 Support costs osts of charitable activities by activity type Support costs Activities undertaken directly £ £ Support costs Activity 1 13,311 208,161 nalysis of support costs Activity 1 Finance |
2019 2020 £ £ 218,962 208,161 16,460 13,311 235,422 221,472 2019 2020 £ £ 221,472 235,422 2019 2020 £ £ 13,311 16,460 |
|---|---|
5. Costs of charitable activities by activity type
6. Analysis of support costs
7. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Depreciation of owned fixed assets | 10,469 | 11,226 |
| Staff pension contributions | 947 | 1,050 |
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UK WORLD EVANGELSIM TRUST Notes to the Financial Statements Continued
For the year ended 31 December 2020
8. Staff costs and emoluments
Total staff costs for the year ended 31 December 2020 were:
| Salaries and wages Social security costs Pension costs |
2020 £ 66,083 892 947 67,922 |
2019 £ 62,875 1,835 1,050 |
|---|---|---|
| 65,760 |
9. Trustee remuneration and related party transactions
Links Consultancy Services Uk Limited, a Company under the directorship of Mrs Elizabeth Iheanacho- a trustee of the charity - was paid £10,047.46 for professional services rendered to the charity during the year.
10. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
11. Tangible fixed assets
| Land and | Motor | Fixtures and | ||
|---|---|---|---|---|
| Cost or valuation | Buildings | Vehicles | Fittings | Total |
| £ | £ | £ | £ | |
| At 01 January 2020 | 946,412 | 42,700 | 95,050 | 1,084,162 |
| Additions | - | - | 2,539 | 2,539 |
| At 31 December 2020 | 946,412 | 42,700 | 97,589 | 1,086,701 |
| Depreciation | ||||
| At 01 January 2020 | 71,430 | 40,246 | 81,267 | 192,943 |
| Charge for year | 5,775 | 614 | 4,080 | 10,469 |
| At 31 December 2020 | 77,205 | 40,860 | 85,347 | 203,412 |
| Net book values | ||||
| At 31 December 2020 | 869,207 | 1,840 | 12,241 | 883,288 |
| At 31 December 2019 | 874,982 | 2,454 | 13,783 | 891,219 |
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UK WORLD EVANGELSIM TRUST Notes to the Financial Statements Continued
For the year ended 31 December 2020
12. Debtors
| Amounts due within one year: Trade debtors |
2020 2019 £ £ 19,870 73,217 19,870 73,217 |
|---|---|
13. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | |
|---|---|
| 2020 £ Loans and overdrafts 35,214 Other creditors 2,490 Accruals and deferred income 2,200 39,904 The following liabilities disclosed under creditors falling due within one year are secured by the charity: Bank loans and overdrafts 35,214 35,214 |
2019 £ 35,214 2,856 2,350 |
| 40,420 | |
| 35,214 | |
| 35,214 |
14. Creditors: amounts falling due after more than one year
| Creditors: amounts falling due after more than one year | ||
|---|---|---|
| Other creditors | 2020 £ 583,976 583,976 |
2019 £ 579,794 |
| 579,794 |
15. Movement in funds
Unrestricted Funds
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
|---|---|---|---|---|---|
| 01/01/2020 | resources | resources | 31/12/2020 | ||
| £ | £ | £ | £ | £ | |
| General | |||||
| General | 321,999 | 230,440 | (221,472) | - | 330,967 |
| 321,999 | 230,440 | (221,472) | - | 330,967 |
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UK WORLD EVANGELSIM TRUST Notes to the Financial Statements Continued
For the year ended 31 December 2020
Unrestricted Funds - Previous year
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
|---|---|---|---|---|---|
| 01/12/2019 | resources | resources | 31/12/2019 | ||
| £ | £ | £ | £ | £ | |
| General | |||||
| General | 278,929 | 242,246 | (235,422) | 60,933 | 346,686 |
| 278,929 | 242,246 | (235,422) | 60,933 | 346,686 |
Purpose of unrestricted Funds
General
Unrestricted general fund:- comprising funds which can be used in accordance with the charitable objects at the discretion of the trustees.
16. Analysis of net assets between funds
| Tangible | Net current | Creditors > | Net Assets | |
|---|---|---|---|---|
| fixed assets | assets / | one year | ||
| (liabilities) | ||||
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General | ||||
| General | 883,289 | 31,654 | (583,976) | 330,967 |
| 883,289 | 31,654 | (583,976) | 330,967 | |
| Previous year | ||||
| Tangible | Net current | Creditors > | Net Assets | |
| fixed assets | assets / | one year | ||
| (liabilities) | ||||
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General | ||||
| General | 891,219 | 35,261 | (579,794) | 346,686 |
| 891,219 | 35,261 | (579,794) | 346,686 |
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UK WORLD EVANGELSIM TRUST Detailed Statement of Financial Activities
For the year ended 31 December 2020
| INCOME AND ENDOWMENT Donations and legacies Donations Gift Aid Claims Grants receivable Investments Bank interest receivable Total incoming resources EXPENDITURE Charitable activities Staff costs - wages & salaries Staff costs - social security costs Staff costs - pension contributions Trustee - expenses Depreciation - owned assets Evangelism & Missions Donation to other Charities Welfare Rent & Rates Telephone & Internet Repairs & Renewals Honorarium Ministerial Allowance Volunteers Expenses Printing, Postage & Stationery Travel & Motor Exp Insurance Premium Refreshments Bank Charges Light & Heat Professional Fees Sundry Expenses Key Staff Insurance Books & CDs Computer Consumables Accountancy Fees Advert & Publicity SUPPORT COSTS Finance Finance Total resources expended |
£ 2020 152,200 62,685 15,555 230,440 - - 230,440 (66,083) (892) (947) (900) (10,469) (12,106) (1,470) (3,535) (1,782) (8,161) (6,164) (5,621) (34,485) (4,495) (382) (5,438) (2,704) (3,491) (2,583) (6,863) (10,227) (844) (3,036) (716) (1,134) (2,200) (11,433) (208,161) (13,311) (13,311) (221,472) |
£ 2019 186,689 55,556 - |
|---|---|---|
| 242,245 1 |
||
| 1 | ||
| 242,246 (62,875) (1,835) (1,050) - (11,226) (23,950) (4,455) (2,815) (1,662) (9,168) (4,117) (9,290) (25,573) (7,492) (2,441) (5,604) (2,071) (3,456) (1,816) (6,178) (14,541) (855) (3,036) (745) (330) (2,350) (10,031) |
||
| (218,962) (16,460) |
||
| (16,460) | ||
| (235,422) |
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This page does not form part of the statutory financial statements
UK WORLD EVANGELSIM TRUST Detailed Statement of Financial Activities Continued
For the year ended 31 December 2020
8,968 6,824
Net Income
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This page does not form part of the statutory financial statements