## **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:
1. 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.
2. 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
1. We have promoted the need to complete the translation of the Bible into every language for the benefit of minority people groups.
2. We have provided critical capabilities and financed Bible translation in Asia, Africa and Europe.
3. 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(