Charity number: 1057527
UK WORLD EVANGELSIM TRUST
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2024
UK WORLD EVANGELSIM TRUST Contents Page For the year ended 31 December 2024
| 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 2024
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and 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.
.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 deficit for the year amounted to £6,652.90 which is attributable to general reserves of the charity. Last year was £37,768 surplus.
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 Rev Chrysogonus Chukwuma Iheanacho
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UK WORLD EVANGELSIM TRUST Report of the Trustees Continued
For the year ended 31 December 2024
Independent examiner
CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 08 May 2025 Mr Chidi JC Abiakweh
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UK WORLD EVANGELSIM TRUST Independent Examiners Report to the Trustees
For the year ended 31 December 2024
I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2024.
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
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 by virtue of my membership of IFA, 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 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 ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF
08 May 2025
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UK WORLD EVANGELSIM TRUST Statement of Financial Activities
For the year ended 31 December 2024
| Notes Income and endowments from: Donations and legacies 2 Investments Bank interest receivable Other income 3 Other income 1 Total Expenditure on: Charitable activities 4/5 Evangelism Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 309,021 61 31,159 340,241 (346,894) (346,894) (6,653) 356,541 349,888 |
2023 £ 373,376 - 6,000 |
|---|---|---|
| 379,376 | ||
| (341,608) | ||
| (341,608) | ||
| 37,768 318,773 |
||
| 356,541 |
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UK WORLD EVANGELSIM TRUST Statement of Financial Position
As at 31 December 2024
| Notes Fixed assets Tangible assets 11 Current assets 12 Debtors: amounts falling due within one year Debtors: amounts falling due after more than one year 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 14 Net assets The funds of the charity Unrestricted income funds 15 Total funds |
£ 2024 809,180 809,180 2,290 13,099 10,716 26,105 (70,330) (44,225) 764,955 (415,067) 349,888 349,888 349,888 |
£ 2023 827,398 |
|---|---|---|
| 827,398 | ||
| 2,290 13,099 21,345 |
||
| 36,734 | ||
| (75,913) (39,179) |
||
| 788,219 | ||
| (431,678) | ||
| 356,541 | ||
| 356,541 | ||
| 356,541 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr Alex Babudoh Trustee 08 May 2025
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UK WORLD EVANGELSIM TRUST Notes to the Financial Statements
For the year ended 31 December 2024
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).
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 ther income Unrestricted funds Other income 1 osts of charitable activities by fund type Unrestricted funds Evangelism Support costs |
2024 £ 309,021 309,021 2024 £ 31,159 31,159 2024 £ 312,568 34,326 346,894 |
2023 £ 373,376 |
|---|---|---|
| 373,376 | ||
| 2023 £ 6,000 |
||
| 6,000 | ||
| 2023 £ 310,949 30,659 |
||
| 341,608 |
3. Other income
4. Costs of charitable activities by fund type
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UK WORLD EVANGELSIM TRUST Notes to the Financial Statements Continued
For the year ended 31 December 2024
5. Costs of charitable activities by activity type
| Support costs Activities undertaken directly £ £ Support costs Evangelism 34,326 312,568 nalysis of support costs Evangelism Mortgage Loan Interest Governance costs et income/(expenditure) for the year This is stated after charging/(crediting): Depreciation of owned fixed assets Staff pension contributions |
2024 £ 346,894 2024 £ 31,326 3,000 34,326 2024 £ 19,179 1,899 |
2023 £ 341,608 2023 £ 30,659 - |
|---|---|---|
| 30,659 | ||
| 2023 £ 19,798 1,749 |
6. Analysis of support costs
7. Net income/(expenditure) for the year
8. Staff costs and emoluments
Total staff costs for the year ended 31 December 2024 were:
| Salaries and wages Social security costs Pension costs |
2024 £ 133,167 5,427 1,899 140,493 |
2023 £ 142,708 6,012 1,749 |
|---|---|---|
| 150,469 |
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UK WORLD EVANGELSIM TRUST Notes to the Financial Statements Continued
For the year ended 31 December 2024
| Staff | 2024 6 6 |
2023 7 |
|---|---|---|
| 7 |
9. Trustee remuneration and related party transactions
Links Consultanncy Services (UK) Ltd a company under the directorship of Mrs Elizabeth Iheanacho, is also a trustee of the charity. The Company was paid, by UK World Evangelism Trust a total of £11,555.29 for the professional services rendered.
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 2024 | 946,412 | 42,700 | 104,799 | 1,093,911 |
| Additions | - | - | 961 | 961 |
| At 31 December 2024 | 946,412 | 42,700 | 105,760 | 1,094,872 |
| Depreciation | ||||
| At 01 January 2024 | 128,321 | 41,924 | 96,268 | 266,513 |
| Charge for year | 16,362 | 194 | 2,623 | 19,179 |
| At 31 December 2024 | 144,683 | 42,118 | 98,891 | 285,692 |
| Net book values | ||||
| At 31 December 2024 | 801,729 | 582 | 6,869 | 809,180 |
| At 31 December 2023 | 818,091 | 776 | 8,531 | 827,398 |
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UK WORLD EVANGELSIM TRUST Notes to the Financial Statements Continued
For the year ended 31 December 2024
12. Debtors
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Amounts due within one year: | ||
| Trade debtors | 2,290 | 2,290 |
| 2,290 | 2,290 | |
| Amounts due after more than one year: | ||
| Trade debtors | 13,099 | 13,099 |
| 13,099 | 13,099 | |
| Creditors: amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Loans and overdrafts | 11,487 | 22,018 |
| Trade creditors | 6,000 | 11,000 |
| Other creditors | 47,843 | 40,395 |
| Accruals and deferred income | 5,000 | 2,500 |
| 70,330 | 75,913 | |
| Creditors: amounts falling due after more than one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Other creditors | 415,067 | 431,678 |
| 415,067 | 431,678 |
13. Creditors: amounts falling due within one year
14. Creditors: amounts falling due after more than one year
15. Movement in funds
| Unrestricted Funds | ||||
|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | |
| 01/01/2024 | resources | resources | 31/12/2024 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 356,541 | 340,241 | (346,894) | 349,888 |
| 356,541 | 340,241 | (346,894) | 349,888 |
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UK WORLD EVANGELSIM TRUST Notes to the Financial Statements Continued
For the year ended 31 December 2024
Unrestricted Funds - Previous year
| Balance at | Incoming | Outgoing | Balance at | |
|---|---|---|---|---|
| 01/01/2023 | resources | resources | 31/12/2023 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 318,773 | 379,376 | (341,608) | 356,541 |
| 318,773 | 379,376 | (341,608) | 356,541 |
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
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ £ 809,180 (44,225) (415,067) 349,888 |
|---|---|
| 809,180 (44,225) (415,067) 349,888 |
|
| Tangible fixed assets Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ £ 827,398 (39,179) (431,678) 356,541 |
|
| 827,398 (39,179) (431,678) 356,541 |
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UK WORLD EVANGELSIM TRUST Detailed Statement of Financial Activities
For the year ended 31 December 2024
| INCOME AND ENDOWMENT Donations and legacies Donations Gift Aid Claims Investments Bank interest receivable Other income Other income 1 Other Income 2 Total incoming resources EXPENDITURE Charitable activities Staff costs - wages & salaries Staff costs - social security costs Staff costs - pension contributions 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 Books & CDs Computer Consumables Accountancy Fees Advert & Publicity Tv Licence Website Cost Cleaning Expenses UK Visa & Immigration Water Rates |
£ 2024 245,065 63,956 309,021 61 61 16,502 14,657 31,159 340,241 (133,167) (5,427) (1,899) (19,179) (15,657) (1,939) (8,306) - (6,073) (5,412) (7,815) (14,987) (11,465) (441) (4,546) (3,830) (4,601) (1,962) (9,773) (35,200) (388) - (2,500) (10,458) (170) (2,079) (438) (239) (4,617) (312,568) |
£ 2023 295,396 77,980 |
|---|---|---|
| 373,376 - |
||
| - 6,000 - |
||
| 6,000 | ||
| 379,376 (142,708) (6,012) (1,749) (19,798) (14,038) (2,802) (8,435) (3,540) (6,956) (250) (15,962) (13,091) (14,101) (1,053) (4,421) (5,076) (3,571) (2,206) (10,856) (22,949) (1,274) (239) (2,500) (5,550) (159) (345) (772) (536) - |
||
| (310,949) |
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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 2024
| SUPPORT COSTS Mortgage Loan Interest Mortgage Loan Interest Governance costs Interest Total resources expended Net Expenditure |
(31,326) (31,326) (3,000) (3,000) (346,894) (6,653) |
(30,659) |
|---|---|---|
| (30,659) - |
||
| - | ||
| (341,608) | ||
| 37,768 |
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This page does not form part of the statutory financial statements