Trustees Annual Report The Word for the World (UK) UK Registered Charity no. 1098498 - April 2022 March 2023
Principal Address: 16 Brangwyn Gardens, BEDFORD, MK41 7NJ. Governing Document: Trust deed Constitution of Charity: Trust Trustee Selection Method: Appointed by Trustee Board
Trustees
There were 2 changes to the board of trustees with Daniel Davies stepping down and Mo Kanayah appointed in his place, giving a total of 5 trustees.
The Board of trustees as of April 2023
Paul Quinlan Chairman Barry Funnell Secretary Mo Kanayah Treasurer Kenneth Cherry Trustee John Richards Trustee
Julia Funnell Assistant Secretary (not a board member) Sally Pibworth Bookkeeper and Assistant to Treasurer (not a board member)
Objectives and activities
The objectives of TWFTW UK are to:
-
Raise awareness and support for the unfinished work of Bible translation (BT) by partnering with churches/individuals in the UK, attending or organising events/conferences and via social media.
-
Fund translation and literacy projects in Africa, Asia and Europe. We also provide critical Bible Translation capabilities to the wider organisation - specifically expertise in training translators (Dr Regine Koroma, VP Training) and oversight of the translation process (Dr Barry Funnel, VP Translation Consultant)
Capability developments
Our CEO Steve Lancaster has continued to develop his role as CEO and we are seeing significant improvements in all areas of our ministry. His focus is to build partnerships with UK churches, organisations and key donors to both promote and raise support for the BT projects we are involved with.
The International organisation continues to develop its capabilities and capacity under the leadership of Kobus van Aswegen. Dr. Barry Funnell (VP Consulting), Dr Regine Koroma (VP
Training), and Julia Funnell (Training Dept) are based in the UK but work as part of the International team, providing capabilities critical to achieving the mission of the organisation.
The number of projects TWFTW supports has grown significantly this past year, and partnerships with key partner organisations have been deepened which is helping in the flow of financial and people resources to the frontline teams. A significant number of Bible Translation Consultants have been recruited and trained during the year, all based in their home countries (outside UK). This has been a critical enabler for the work to flourish as more translation teams can be supported.
Building our support base
The income during the 2022/23 financial year increased from £79.4k to £132.5k, a significant increase on the previous year. Income has increased from all sources, but we have particularly benefited from match funding being provided by generous donors.
Steve Lancaster has continued speaking engagements at Churches, conference attendance and has grown our donor support base. In addition Steve has started to explore Trust Funds as a source of grant income, and applications this year raised £12.5k. We expect this to grow further during the coming year.
We participated in our first fundraising event organised by Illuminations Europe, which brought together a number of agencies involved in BT, and was held in Scotland. Around 200 people attended including a number of key TWFTW supporters and the event was successful in raising further funds and strengthening our partnerships with key donors. We are finalising plans for the second such event to be held in Windsor in May 2023.
We continue to improve communications to our donor base which includes a monthly newsletter highlighting specific projects, personal stories or bringing to life the steps involved in BT work. Our website has been updated and we now have a harmonised branding and design across all the support bases. Prayer Breakfasts continue to be held each month in two locations and we hope to further expand this as the donor base grows in new areas of the country.
– Our impact BT projects, Literacy Support & Training
The number of translation projects underway continues to grow and is in excess of 200 (April 2023). We helped to support translation work in Europe and Africa primarily, aligning with the regional responsibilities of Barry Funnell, but also some projects in Asia where our donors have specific interests. Literacy training was also supported in some countries.
Besides salaries, our largest expenditure during the year was on Bible translation projects, and our intention is to increasingly deploy funds to specific projects and build a stronger connection between our donor base and BT teams on the ground. We have also prioritised training our growing team of Bible translators via a diploma programme which is developed, coordinated and run from the UK and Europe by Dr Koroma with members of the team travelling as needed to host countries. The number of qualified translators is increasing dramatically, which has a multiplier effect in terms of the number of BT projects that can be supported - and at much lower cost than for a foreign translator to move to the host country. Thirdly we invested in developing our growing number of national BT consultants; their role is to mentor and supervise multiple translator teams in a country/region and to sign off the BT projects as they progress through the various stages of translation. Again, this is a crucial capability which empowers local translators and enables the BT projects to progress faster and cheaper than deploying foreign workers to each project. Dr Barry Funnell leads this team of consultants.
Public Benefit statement
-
We have promoted the need to complete the translation of the Bible into every language for the benefit of minority people groups.
-
We have provided critical capabilities and financed Bible translation in Asia, Africa and Europe.
-
We have supported literacy projects in Africa for the benefit of minority people groups.
These benefits are in line with our objectives as stated in our governance document.
The Trustees declare that they have approved the trustee’s report above.
Signed on behalf of the Charity’s Trustees. Signature: PTOudoa
Signature: Signature: Full name: Paul Thomas Quinlan Full Name: Barry Funnell Position: Chairman Position: Secretary Date 22nd Jan 2024
THE WORD FOR THE WORLD (UK) BIBLE TRANSLATORS Charity Number 1098498
ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
THE WORD FOR THE WORLD (UK) BIBLE TRANSLATORS
CONTENTS
| Page | |
|---|---|
| Charity information | 2 |
| Receipts and Payment Account | 3 |
| Balance sheet | 4 |
| Fund Balances | 5 |
1
THE WORD FOR THE WORLD (UK) BIBLE TRANSLATORS BUSINESS INFORMATION
Independent Examiner CLS Services 1 Abbey Road Bedford Beds MK41 9LG Business address The Word for the World UK 40 Queen's Crescent Clapham Bedfordshire MK41 6DA Bankers HSBC Bank plc 14 Castle Street Macclesfield Cheshire SK11 6LZ
2
THE WORD FOR THE WORLD (UK) BIBLE TRANSLATORS RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023
| Income Gifts & Donations Translation Training Fund Seed Company Income Agency fee Trusts & Grants HMRC: Gift Aid Marketing & Fundraising Sponsor a Verse Funds for Malawi Flood Ukraine Refugees Basketo Project Myanmar Bible Translation Nkangala BT Project Bank Interest – received Total receipts Expenditure Translation Training Translation Consultation Seed Company Bible Printing Bible Distribution Marketing & Fundraising Salaries Exhibition costs Printing & Stationey Travel & Accomodation expenses Business meetings Equipment mileage Business Expenses Direct Sponsor GL General Expenses Business: Training Bank charges Fund Raising - Sponsor a Verse Accountancy & Bookkeeping Advertising & Exhibitions membership/subscriptions Ukraine Malawi Flood Appeal Camaroon Project Nkangala Project Crisis Support – Roma People Total payments Net Receipts / (Payments) for the year Total funds brought forward Total funds carried forward |
2023 2023 2023 Unrestricted Restricted Total £ £ £ 1,537 15,479 17,016 13,772 13,772 17,528 17,528 10,380 10,380 8,569 8,569 12,500 12,500 2,535 2,535 34,489 34,489 0 370 370 205 205 120 120 10,000 10,000 5,000 5,000 66 66 23,292 109,257 132,549 14,719 14,719 370 18,606 18,977 6,606 6,606 11,171 11,171 0 0 0 25,857 25,857 1,582 1,582 292 292 60 758 818 257 257 49 49 2,757 2,757 0 19 19 0 626 626 357 357 2,430 2,430 125 125 302 302 205 205 705 705 4,000 4,000 2,701 2,701 19,308 75,247 94,555 3,984 34,010 37,994 19,007 28,188 47,195 22,991 62,198 85,190 |
2022 Total £ 39,029 18,017 750 20,005 1,167 335 120 2 |
|---|---|---|
| 79,426 32,740 1,940 6,697 11,000 2,013 13,053 290 1,326 109 1,028 229 2,049 506 463 1,385 2,087 1,002 |
||
| 77,917 1,509 1,509 |
||
| 1,509 |
3
THE WORD FOR THE WORLD (UK) BIBLE TRANSLATORS BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2023
| Current assets Cash at bank and in hand Deposit account Current liabilities Net current assets Reserves At 1 April 2022 Movement in the year At 31st March |
2023 2023 2023 Unrestricted Restricted Total £ £ £ 7,295 61,741 69,036 16,154 16,154 23,449 61,741 85,190 0 0 0 23,449 61,741 85,190 19,007 28,188 47,195 4,441 33,553 37,994 23,449 61,741 85,190 |
2022 Total £ 31,108 16,087 |
|---|---|---|
| 47,195 0 |
||
| 47,195 | ||
| 45,686 1,509 |
||
| 85,190 |
Note - Activities as Agent
The charity acts as an agent for The Seed Company. Under the terms of the agency agreement it receives funds and disburses them according to the directions of that entity. These funds have been disbursed to numerous Bible translation projects in Africa, Asia and eastern Europe as directed by The Seed Company. In line with the guidance set out within the charities SORP these financial statements have excluded the receipts, payments and balances held in relation to these agency activities. Details of the amounts received and paid during the year, and the opening and closing balances held are shown below.
| RECEIPTS FOR 2023 Catalytic & Seed Company Bible Translation Fund Catalytic fund PAYMENTS FOR 2023 Bible Translation Fund Catalytic funds Agency fees Net movement in the year Balance held as agent at 31st March 2023 Balance held as agent at 31st March 2023 |
£ 111,517 59,858 |
|---|---|
| 171,375 | |
| 50,792 15,442 8,569 |
|
| 74,803 | |
| 96,572 0 |
|
| 96,572 |
4
THE WORD FOR THE WORLD (UK) BIBLE TRANSLATORS RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023
FUND BALANCES
| Individuals Closing Balance 31/3/22 Opening balance 1/4/2022 Income Expenditure Closing Balance 31/3/23 Bible Fund Closing Balance 31/3/22 Opening balance 1/4/2022 Income Expenditure Closing Balance 31/3/23 Scripture Engagement Closing Balance 31/3/22 Opening balance 1/4/2022 Income Expenditure Closing Balance 31/3/23 Basketo Fund Closing Balance 31/3/22 Opening balance 1/4/2022 Income Expenditure Closing Balance 31/3/23 Malawi Flood Closing Balance 31/3/22 Opening balance 1/4/2022 Income Expenditure Closing Balance 31/3/23 Myanmar Closing Balance 31/3/22 Opening balance 1/4/2022 Income Expenditure Closing Balance 31/3/23 Individuals Bible Fund Scripture Engagement Basketo Fund Malawi Flood Myanmar Sponsor a Verse Training Fund Marketing & Fundraising Nkangal BT Project Trusts & Grants |
Sponsor a Verse 5,989 Closing Balance 31/3/22 3,019 5,989 Opening balance 1/4/2022 3,019 29,250 Income 0 25,669 Expenditure (357) 60,909 Closing Balance 31/3/23 2,662 Training Fund 36 Closing Balance 31/3/22 1,564 36 Opening balance 1/4/2022 1,564 0 Income 17,528 0 Expenditure (14,719) 36 Closing Balance 31/3/23 4,373 Marketing & Fundraising 1,714 Closing Balance 31/3/22 15,261 1,714 Opening balance 1/4/2022 15,261 0 Income 34,489 0 Expenditure (31,552) 1,714 Closing Balance 31/3/23 18,198 Nkangal BT Project 270 Closing Balance 31/3/22 0 270 Opening balance 1/4/2022 0 120 Income 5,000 0 Expenditure (2,701) 390 Closing Balance 31/3/23 2,299 Trusts & Grants 335 Closing Balance 31/3/22 0 335 Opening balance 1/4/2022 0 370 Income 12,500 (705) Expenditure 0 0 Closing Balance 31/3/23 12,500 0 0 10,000 0 10,000 5,989 29,250 (25,669) 9,570 36 36 1,714 1,714 270 120 390 335 370 (705) 0 0 10,000 10,000 3,019 (357) 2,662 1,564 17,528 (14,719) 4,373 15,261 34,489 (31,552) 18,198 0 5,000 (2,701) 2,299 0 12,500 12,500 |
3,019 |
|---|---|---|
| 3,019 0 (357) |
||
| 2,662 | ||
| 1,564 | ||
| 1,564 17,528 (14,719) |
||
| 4,373 | ||
| 15,261 | ||
| 15,261 34,489 (31,552) |
||
| 18,198 | ||
| 0 | ||
| 0 5,000 (2,701) |
||
| 2,299 | ||
| 0 | ||
| 0 12,500 0 |
||
| 12,500 | ||
| 28,188 109,257 (75,704) 61,741 |
5
Independofit éxarninerfs r for the year etKkd 31 March 2023 to the tnjstees e(
THE WORD FOR THE WORLD (UK) BIBLE TRANSLATORS Charity Number 1098498
ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
THE WORD FOR THE WORLD (UK) BIBLE TRANSLATORS
CONTENTS
| Page | |
|---|---|
| Charity information | 2 |
| Receipts and Payment Account | 3 |
| Balance sheet | 4 |
| Fund Balances | 5 |
1
THE WORD FOR THE WORLD (UK) BIBLE TRANSLATORS BUSINESS INFORMATION
Independent Examiner CLS Services 1 Abbey Road Bedford Beds MK41 9LG Business address The Word for the World UK 40 Queen's Crescent Clapham Bedfordshire MK41 6DA Bankers HSBC Bank plc 14 Castle Street Macclesfield Cheshire SK11 6LZ
2
THE WORD FOR THE WORLD (UK) BIBLE TRANSLATORS RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023
| Income Gifts & Donations Translation Training Fund Seed Company Income Agency fee Trusts & Grants HMRC: Gift Aid Marketing & Fundraising Sponsor a Verse Funds for Malawi Flood Ukraine Refugees Basketo Project Myanmar Bible Translation Nkangala BT Project Bank Interest – received Total receipts Expenditure Translation Training Translation Consultation Seed Company Bible Printing Bible Distribution Marketing & Fundraising Salaries Exhibition costs Printing & Stationey Travel & Accomodation expenses Business meetings Equipment mileage Business Expenses Direct Sponsor GL General Expenses Business: Training Bank charges Fund Raising - Sponsor a Verse Accountancy & Bookkeeping Advertising & Exhibitions membership/subscriptions Ukraine Malawi Flood Appeal Camaroon Project Nkangala Project Crisis Support – Roma People Total payments Net Receipts / (Payments) for the year Total funds brought forward Total funds carried forward |
2023 2023 2023 Unrestricted Restricted Total £ £ £ 1,537 15,479 17,016 13,772 13,772 17,528 17,528 10,380 10,380 8,569 8,569 12,500 12,500 2,535 2,535 34,489 34,489 0 370 370 205 205 120 120 10,000 10,000 5,000 5,000 66 66 23,292 109,257 132,549 14,719 14,719 370 18,606 18,977 6,606 6,606 11,171 11,171 0 0 0 25,857 25,857 1,582 1,582 292 292 60 758 818 257 257 49 49 2,757 2,757 0 19 19 0 626 626 357 357 2,430 2,430 125 125 302 302 205 205 705 705 4,000 4,000 2,701 2,701 19,308 75,247 94,555 3,984 34,010 37,994 19,007 28,188 47,195 22,991 62,198 85,190 |
2022 Total £ 39,029 18,017 750 20,005 1,167 335 120 2 |
|---|---|---|
| 79,426 32,740 1,940 6,697 11,000 2,013 13,053 290 1,326 109 1,028 229 2,049 506 463 1,385 2,087 1,002 |
||
| 77,917 1,509 1,509 |
||
| 1,509 |
3
THE WORD FOR THE WORLD (UK) BIBLE TRANSLATORS BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2023
| Current assets Cash at bank and in hand Deposit account Current liabilities Net current assets Reserves At 1 April 2022 Movement in the year At 31st March |
2023 2023 2023 Unrestricted Restricted Total £ £ £ 7,295 61,741 69,036 16,154 16,154 23,449 61,741 85,190 0 0 0 23,449 61,741 85,190 19,007 28,188 47,195 4,441 33,553 37,994 23,449 61,741 85,190 |
2022 Total £ 31,108 16,087 |
|---|---|---|
| 47,195 0 |
||
| 47,195 | ||
| 45,686 1,509 |
||
| 85,190 |
Note - Activities as Agent
The charity acts as an agent for The Seed Company. Under the terms of the agency agreement it receives funds and disburses them according to the directions of that entity. These funds have been disbursed to numerous Bible translation projects in Africa, Asia and eastern Europe as directed by The Seed Company. In line with the guidance set out within the charities SORP these financial statements have excluded the receipts, payments and balances held in relation to these agency activities. Details of the amounts received and paid during the year, and the opening and closing balances held are shown below.
| RECEIPTS FOR 2023 Catalytic & Seed Company Bible Translation Fund Catalytic fund PAYMENTS FOR 2023 Bible Translation Fund Catalytic funds Agency fees Net movement in the year Balance held as agent at 31st March 2023 Balance held as agent at 31st March 2023 |
£ 111,517 59,858 |
|---|---|
| 171,375 | |
| 50,792 15,442 8,569 |
|
| 74,803 | |
| 96,572 0 |
|
| 96,572 |
4
THE WORD FOR THE WORLD (UK) BIBLE TRANSLATORS RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023
FUND BALANCES
| Individuals Closing Balance 31/3/22 Opening balance 1/4/2022 Income Expenditure Closing Balance 31/3/23 Bible Fund Closing Balance 31/3/22 Opening balance 1/4/2022 Income Expenditure Closing Balance 31/3/23 Scripture Engagement Closing Balance 31/3/22 Opening balance 1/4/2022 Income Expenditure Closing Balance 31/3/23 Basketo Fund Closing Balance 31/3/22 Opening balance 1/4/2022 Income Expenditure Closing Balance 31/3/23 Malawi Flood Closing Balance 31/3/22 Opening balance 1/4/2022 Income Expenditure Closing Balance 31/3/23 Myanmar Closing Balance 31/3/22 Opening balance 1/4/2022 Income Expenditure Closing Balance 31/3/23 Individuals Bible Fund Scripture Engagement Basketo Fund Malawi Flood Myanmar Sponsor a Verse Training Fund Marketing & Fundraising Nkangal BT Project Trusts & Grants |
Sponsor a Verse 5,989 Closing Balance 31/3/22 3,019 5,989 Opening balance 1/4/2022 3,019 29,250 Income 0 25,669 Expenditure (357) 60,909 Closing Balance 31/3/23 2,662 Training Fund 36 Closing Balance 31/3/22 1,564 36 Opening balance 1/4/2022 1,564 0 Income 17,528 0 Expenditure (14,719) 36 Closing Balance 31/3/23 4,373 Marketing & Fundraising 1,714 Closing Balance 31/3/22 15,261 1,714 Opening balance 1/4/2022 15,261 0 Income 34,489 0 Expenditure (31,552) 1,714 Closing Balance 31/3/23 18,198 Nkangal BT Project 270 Closing Balance 31/3/22 0 270 Opening balance 1/4/2022 0 120 Income 5,000 0 Expenditure (2,701) 390 Closing Balance 31/3/23 2,299 Trusts & Grants 335 Closing Balance 31/3/22 0 335 Opening balance 1/4/2022 0 370 Income 12,500 (705) Expenditure 0 0 Closing Balance 31/3/23 12,500 0 0 10,000 0 10,000 5,989 29,250 (25,669) 9,570 36 36 1,714 1,714 270 120 390 335 370 (705) 0 0 10,000 10,000 3,019 (357) 2,662 1,564 17,528 (14,719) 4,373 15,261 34,489 (31,552) 18,198 0 5,000 (2,701) 2,299 0 12,500 12,500 |
3,019 |
|---|---|---|
| 3,019 0 (357) |
||
| 2,662 | ||
| 1,564 | ||
| 1,564 17,528 (14,719) |
||
| 4,373 | ||
| 15,261 | ||
| 15,261 34,489 (31,552) |
||
| 18,198 | ||
| 0 | ||
| 0 5,000 (2,701) |
||
| 2,299 | ||
| 0 | ||
| 0 12,500 0 |
||
| 12,500 | ||
| 28,188 109,257 (75,704) 61,741 |
5
Independofit éxarninerfs r for the year etKkd 31 March 2023 to the tnjstees e(