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
1 of 12
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
2 of 12
## 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:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. 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**|
4 of 12
## 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
5 of 12
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**
6 of 12
## 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**|
7 of 12
## 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**|
9 of 12
## 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**|
10 of 12
## 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)**|
11 of 12
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**|
12 of 12
This page does not form part of the statutory financial statements