**REGISTERED CHARITY NUMBER: 1098498**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
**FOR**
**THE WORD FOR THE WORLD, UK**
Shaw Gibbs Limited Wey Court West Union Road Farnham Surrey GU9 7PT
**THE WORD FOR THE WORLD, UK**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2025**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7|
|**Notes to the Financial Statements**|8 to 15|
|**Detailed Statement of Financial Activities**|16 to 17|
## **THE WORD FOR THE WORLD, UK**
## **REPORT OF THE TRUSTEES for the year ended 31 March 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The principal objective of the charity is to promote the Christian religion through the work of Bible translation ("BT"). In particular, the charity seeks to support the creation of new translations of the Bible and to support native speakers of the target languages in the work of translation. Specifically we:
- Promote the translation of the Bible into any language of the world in which the entire Bible has not been previously translated.
- Promote literacy among nations where either low rates of literacy exist or whose language has not developed into written form.
- Work closely with TWFTW International ("TWFTWI"), with which TWFTWUK is affiliated, to further the work of BT internationally and in partnership with other, like-minded Bible translation organisations.
## **Significant activities**
The main activities of the UK arm of the charity are as follows:
-Raising support and funds for BT projects from individuals, churches and by means of grants. -Sending these funds to TWFTW partner organisations overseas and providing feedback to our supporters on overall progress of the work.
## **Grantmaking**
As part of its activities the charity commonly receives grants from trusts and other donors for restricted purposes. Further details of these grants and their application is given in note 13.
Page 1
## **THE WORD FOR THE WORLD, UK**
## **REPORT OF THE TRUSTEES for the year ended 31 March 2025**
## **ACHIEVEMENTS AND PERFORMANCE Charitable activities**
As with last year, we have seen significant improvements in all areas of our ministry, and a growing impact both in number of translation projects supported but also in the impact on people groups as they joyfully receive the Bible in their heart language!
In terms of our impact, our increased income has allowed us to support more projects than ever before. We have sent more support to Bible translation projects across three continents; Europe, Africa & Asia, specifically projects in Malawi, Serbia, Croatia, Albania, Zambia, Tanzania, as well as a number of projects in Southeast Asia. We have also been able to support five literacy projects in Malawi, and training projects in Malawi and Angola.
We continue to place a high priority on our training programme, supporting our team of Bible translators to pursue a diploma programme. 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 and environmental impact than sending a foreign translator to the host country. This has multiple benefits for the people groups we work amongst. It provides employment and a valuable qualification for the translator team; it dignifies and honours the local culture by providing the first oral and written text in their heart language; it provides an orthography for the local language; this in turn is a gateway to improved literacy and learning.
Internationally, the number of translation projects underway also continues to grow quickly and is now in excess of 400 (April 2025). We have seen significant advances in use of artificial intelligence to speed up the work of our translation teams, progress in sign language translation as well as growth in our Oral Translation Department. All of these innovations enhance the efficiency and impact of our work and help ensure that our stakeholders continue to see excellent value for money.
We continue to communicate with our supporter and donor base by providing monthly emailed newsletters. These highlight specific projects and personal testimonies of lives changed as a result of our work. Prayer breakfasts continue to be held each month in two locations in the South-east, and we'd like to further expand this as the donor base grows in new areas of the country.
We were also able to update and rebuild our website, and have increased our social media presence by contracting someone to write and post 2/3 times per week. This has made a big difference and as well as attracting new followers has enabled us to keep our supporters well informed of latest news and upcoming events.
In addition to their governance role, the trustees continued to assist in building partnerships with UK churches, organisations and key donors to promote and raise support for translation projects. TWFTWI continues to develop its capabilities under the leadership of Kobus van Aswegen. Dr Barry Funnell (VP Consulting), Dr Regine Koroma (VP Relational Services), and Julia Funnell (Training Department) are based in the UK, but work as part of the international team. They provide capabilities critical to achieving the mission of the organisation.
Under the leadership of Dr Barry Funnell, who is also a trustee of TWFTW UK, a significant number of BT Consultants have been recruited and trained during the year. The role of a BT consultant is to mentor and supervise multiple translation teams in a specific country/region, and to sign off the projects as they progress through the various stages of translation. This is a crucial capability which empowers local translators and enables the projects to progress. It is also a very efficient multiplier as one qualified consultant can support multiple projects. Increasingly these consultants are indigenous to the country where the projects are based which dramatically reduces international travel costs and improves understanding of the cultural drivers.
Page 2
## **THE WORD FOR THE WORLD, UK**
## **REPORT OF THE TRUSTEES for the year ended 31 March 2025**
## **FINANCIAL REVIEW**
## **Financial position**
Income for the 2024/25 financial year has decreased slightly from £320k to £307k, but still a significant increase on our 2022/23 year. We have particularly benefited from increased trust funding as well as match funding from one generous donor. During this period we were able to make a record 89 funding applications, raising over £100k from trusts.
We have strengthened our financial management and accounting systems, with employment of an accountant. This was an essential step to help ensure we are fully compliant with regulatory requirements (eg SORP) and can faithfully steward the resources entrusted to us. We were able to deliver on our plan to migrate our accounting system to QuickBooks online, to be compatible with TWFTW International.
## **Sustainability**
From a sustainability perspective there are clear benefits of the model we use. Our translators are 100% indigenous to the people groups we work amongst, and increasingly our consultants are local to the countries we work in. This dramatically reduces the environmental impact by minimising international travel; and significantly reduces costs of a BT project as local salaries are considerably lower than in eg Western Europe. We have also found that translators on completing a project are more likely to start further projects in adjacent language groups, thus utilising their skills and knowledge for other BT projects. This propagation of new projects illustrates the sustainability of this model of empowering indigenous translators and providing them with the education and tools to do the job.
New innovations such as use of translator-directed AI drive efficiency and reduce time and cost of a BT; and use of oral translations (translations available on a mobile device - 70% of the global population now has a mobile subscription) drive early access to the BT where literacy or physical availability of a printed Bible is low.
## **Reserves policy**
The trustees introduced a reserves policy (26th Oct 24) which seeks to retain reserves equal to approximately six months running costs which include, inter alia, salaries, office rent, insurance, accounting and IT.
## **FUTURE PLANS**
The trustees have the following principal future plans for the charity:
- We will begin to look at employing an additional person to aid the UK Director at some point in the next year, due to the fact that the workload has increased in recent years, because of
- - the growth we have experienced.
- The board is also exploring the possibility of becoming a Charitable Incorporated Company, or a Company Limited by Guarantee to mitigate liability of trustees but also to address other
- legal limitations of our current structure and to ensure alignment with TWFTWI. In terms of fundraising, there are plans to arrange a sponsored event amongst our
- supporters to raise funds for Bible publication in Malawi.
- We will continue to apply to trusts & foundations for funding, exploring new avenues and
- - networking opportunities. We will continue to build our capacity as a support base in funding Bible translation and literacy projects overseas. This will be achieved through continued deputation and promotion
- - by the CEO at conferences, churches and events.
Page 3
## **THE WORD FOR THE WORLD, UK**
## **REPORT OF THE TRUSTEES for the year ended 31 March 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Organisational structure**
The charity comprises a board of trustees with a chairman, treasurer and secretary, and meets 3-4 times per year. The board has appointed a CEO, Steve Lancaster, who is responsible for raising awareness and funds in support of the work of BT overseen by TWFTWI. The CEO has developed a strong network of partners/contractors to help manage the accounts, make grant applications and to promote our work via social media, conferences and events. TWFTWUK is one of 3 fundraising organisations, the others being in the USA and South Africa.
## **Key management remuneration**
Key management remuneration is disclosed in note 7 to the financial statements.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1098498
## **Principal address**
Hartham Park Hartham Lane Corsham Wiltshire SN13 0RP
## **Trustees**
P T Quinlan J C Richards K A Cherry Dr B Funnell B Mahoney (appointed 1.11.24)
## **Independent Examiner**
Shaw Gibbs Limited Wey Court West Union Road Farnham Surrey GU9 7PT
Approved by order of the board of trustees on 30 January 2026 and signed on its behalf by:
Trustee
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WORD FOR THE WORLD, UK**
## **Independent examiner's report to the trustees of The Word for the World, UK**
I report to the charity trustees on my examination of the accounts of The Word for the World, UK (the Trust) for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material 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 Trust as required by Section 130 of the 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.
Andrew Hodgetts The Institute of Chartered Accountants in England and Wales
Shaw Gibbs Limited Wey Court West Union Road Farnham Surrey GU9 7PT
30 January 2026
Page 5
## **THE WORD FOR THE WORLD, UK**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 March 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Seed Company Income
Agency fee
Investment income
2
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
3
Support costs
Translation and training
Grants
**Total**
**NET INCOME**
**Transfers between funds**
10
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
46,017
74,156
41,688
22,705
184,566
24,694
66,788
13,951
-
105,433
79,133
(1,098)
78,035
117,732
195,767|Restricted
funds
£
122,410
-
-
-
122,410
-
-
75,818
44,581
120,399
2,011
1,098
3,109
26,739
29,848|2025
Total
funds
£
168,427
74,156
41,688
22,705
306,976
24,694
66,788
89,769
44,581
225,832
81,144
-
81,144
144,471
225,615|2024
Total
funds
£
186,184
75,153
48,429
10,281|
|---|---|---|---|---|
|||||320,047|
|||||2,181
-
153,385
105,200|
|||||260,766|
|||||59,281
-|
|||||59,281
85,190|
|||||144,471|
The notes form part of these financial statements
Page 6
## **THE WORD FOR THE WORLD, UK**
## **BALANCE SHEET**
## **31 March 2025**
|Notes
**CURRENT ASSETS**
Debtors
8
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
4,971
194,893
199,864
(4,097)
195,767
195,767
195,767|Restricted
funds
£
-
29,848
29,848
-
29,848
29,848
29,848|2025
Total
funds
£
4,971
224,741
229,712
(4,097)
225,615
225,615
225,615
195,767
29,848
225,615|2024
Total
funds
£
-
146,971
146,971
(2,500)
144,471
144,471
144,471
117,732
26,739
144,471|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2026 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
Page 7
**THE WORD FOR THE WORLD, UK**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Changes in accounting policies**
The charity has previously prepared its annual financial statements in the form of a Receipts and Payments Account on a cash basis, as permitted under charity reporting requirements. As a result of the increase in its income in the year ended 31st March 2024 the 2024 financial statements have been prepared on an accruals basis in accordance with the requirements of the Charities Reporting SORP. No adustments have been made to restate either the balances at 1st April 2022 or 1st April 2023, or the statement of Financial Activities for the year ended 31st March 2023, on the grounds that any adjustments would be immaterial.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 8
continued...
**THE WORD FOR THE WORLD, UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025**
## **1. ACCOUNTING POLICIES - continued**
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Agency activities**
The charity acts as an agent for "The Seed Company", a registered charity with similar charitable objectives, based in the United States. Under the terms of the agency agreement with TWFTWI and "The Seed Company" it receives funds and disburses them according to the directions of that entity. 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 separately in note 12.
Following a review of the terms under which it acts, with effect from 1 April 2024 the charity has also treated amounts dealt with in connection with the support of certain named individuals as agency activity. Such amounts were previously reported as Restricted Funds. No adjustment has been made to prior periods on the grounds that the amounts involved are not material.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||2025|2024|
||£|£|
|Deposit account interest|22,705|10,281|
## **3.**
## **CHARITABLE ACTIVITIES COSTS**
|**CHARITABLE ACTIVITIES COSTS**||||
|---|---|---|---|
|Support costs
Translation and training
Grants|Direct
Costs
£
6,435
92,271
38,931
137,637|Support
costs (see
note 4)
£
60,353
(2,502)
5,650
63,501|Totals
£
66,788
89,769
44,581|
||||201,138|
Page 9
continued...
**THE WORD FOR THE WORLD, UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025**
## **4. SUPPORT COSTS**
|**SUPPORT COSTS**||
|---|---|
||Management|
||£|
|Support costs|60,353|
|Translation and training|(2,502)|
|Grants|5,650|
||63,501|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
Expenses of £288 were reimbursed to Dr Funnell, and £3,107 to Julia Funnell, the spouse of Dr Barry Funnell.
## **6. STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
|Wages and salaries
Other pension costs|2025
£
29,716
963
30,679|2024
£
27,183
-|
|||27,183|
The average monthly number of employees during the year was as follows:
|Management
No employees received emoluments in excess of £60,000.|2025
1|2024
1|
|---|---|---|
||||
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Seed Company Income
Agency fee
Investment income
**Total**|Unrestricted
fund
£
28,751
75,153
48,429
10,281
162,614|Restricted
funds
£
157,433
-
-
-
157,433|Total
funds
£
186,184
75,153
48,429
10,281|
|---|---|---|---|
||||320,047|
Page 10
continued...
## **THE WORD FOR THE WORLD, UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025**
|**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
**EXPENDITURE ON**
Raising funds
2,181
-
2,181
**Charitable activities**
Translation and training
66,150
87,235
153,385
Grants
-
105,200
105,200
**Total**
68,331
192,435
260,766
**NET INCOME/(EXPENDITURE)**
94,283
(35,002)
59,281
**RECONCILIATION OF FUNDS**
Total funds brought forward
23,449
61,741
85,190
**TOTAL FUNDS CARRIED**
**FORWARD**
117,732
26,739
144,471
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2025
2024
£
£
Other debtors
4,971
-
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2025
2024
£
£
Other creditors
4,097
2,500|**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
**EXPENDITURE ON**
Raising funds
2,181
-
2,181
**Charitable activities**
Translation and training
66,150
87,235
153,385
Grants
-
105,200
105,200
**Total**
68,331
192,435
260,766
**NET INCOME/(EXPENDITURE)**
94,283
(35,002)
59,281
**RECONCILIATION OF FUNDS**
Total funds brought forward
23,449
61,741
85,190
**TOTAL FUNDS CARRIED**
**FORWARD**
117,732
26,739
144,471
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2025
2024
£
£
Other debtors
4,971
-
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2025
2024
£
£
Other creditors
4,097
2,500|**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
Total
fund
funds
funds
£
£
£
**EXPENDITURE ON**
Raising funds
2,181
-
2,181
**Charitable activities**
Translation and training
66,150
87,235
153,385
Grants
-
105,200
105,200
**Total**
68,331
192,435
260,766
**NET INCOME/(EXPENDITURE)**
94,283
(35,002)
59,281
**RECONCILIATION OF FUNDS**
Total funds brought forward
23,449
61,741
85,190
**TOTAL FUNDS CARRIED**
**FORWARD**
117,732
26,739
144,471
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2025
2024
£
£
Other debtors
4,971
-
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2025
2024
£
£
Other creditors
4,097
2,500|
|---|---|---|
||260,766||
||59,281
85,190||
||144,471||
|||2024
£
-
2024
£
2,500|
Page 11
continued...
## **THE WORD FOR THE WORLD, UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025**
## **10. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Training
Translation
Grants
Myanmar
Nkangala
Marketing & fundraising
Aromania
Lughuru
Roma Serbi
Training and Translation in
Slovakia
**TOTAL FUNDS**|At 1.4.24
£
117,732
1,171
8,928
4,339
10,000
2,299
2
-
-
-
-
26,739
144,471|Net
movement
in funds
£
79,133
(7,082)
(6,787)
10,269
4,501
(2,299)
-
441
2,500
349
119
2,011
81,144|Transfers
between
funds
£
(1,098)
12,676
(2,141)
(5,485)
(3,700)
-
(2)
-
(250)
-
-
1,098
-|At
31.3.25
£
195,767
6,765
-
9,123
10,801
-
-
441
2,250
349
119|
|---|---|---|---|---|
|||||29,848|
|||||225,615|
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Training
Translation
Grants
Myanmar
Nkangala
Aromania
Literacy
Lughuru
Roma Serbi
Training and Translation in Africa
Training and Translation in SE Asia
Training and Translation in
Slovakia
**TOTAL FUNDS**|Incoming
resources
£
184,566
21,361
(1)
54,850
37,000
-
441
1,008
2,500
349
1,717
2,678
507
122,410
306,976|Resources
expended
£
(105,433)
(28,443)
(6,786)
(44,581)
(32,499)
(2,299)
-
(1,008)
-
-
(1,717)
(2,678)
(388)
(120,399)
(225,832)|Movement
in funds
£
79,133
(7,082)
(6,787)
10,269
4,501
(2,299)
441
-
2,500
349
-
-
119
2,011
81,144|
|---|---|---|---|
Page 12
continued...
## **THE WORD FOR THE WORLD, UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025**
## **10. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Training
Basketo
Translation
Grants
Myanmar
Nkangala
Marketing & fundraising
Sponsor a verse
Bible Fund
Scripture engagement
**TOTAL FUNDS**|Net
movement
At
At 1.4.23
in funds
31.3.24
£
£
£
23,449
94,283
117,732
4,373
(3,202)
1,171
390
(390)
-
9,569
(641)
8,928
12,500
(8,161)
4,339
10,000
-
10,000
2,299
-
2,299
18,198
(18,196)
2
2,662
(2,662)
-
36
(36)
-
1,714
(1,714)
-
61,741
(35,002)
26,739
85,190
59,281
144,471|
|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Training
Basketo
Translation
Grants
Marketing & fundraising
Sponsor a verse
Bible Fund
Scripture engagement
**TOTAL FUNDS**|Incoming
resources
£
162,614
27,656
120
32,618
97,039
-
-
-
-
157,433
320,047|Resources
expended
£
(68,331)
(30,858)
(510)
(33,259)
(105,200)
(18,196)
(2,662)
(36)
(1,714)
(192,435)
(260,766)|Movement
in funds
£
94,283
(3,202)
(390)
(641)
(8,161)
(18,196)
(2,662)
(36)
(1,714)
(35,002)
59,281|
|---|---|---|---|
Page 13
continued...
**THE WORD FOR THE WORLD, UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025**
## **11. RELATED PARTY DISCLOSURES**
During the year, the charity received donations of £1,836 (2024 £7,581) in support of the work of Dr Barry Funnell, who is a trustee of the charity. These amounts were passed on to Dr Funnell as donations, in support of his work and do not relate to his role as a trustee.As set out in note 1 these amounts have not been accounted for as income and expenditure of the charity but have been treated as agency activity.
## **12. AGENCY ACTIVITIES**
As explained in note 1 the charity acts as agent for "The Seed Company", a registered charitable organisation with similar objectives based in the United States, which helps to fund BT organisations around the world. Agency funding received, and forwarding payments made to projects are dictated by "The Seed Company" in agreement with TWFTWI, as per the Memorandum of Understanding signed on Aug 9th 2022. Further details of the receipts and payments made, and balances held on behalf of that charity, and also the Member Support funds identified in note 1, are given below.
||2025|2024|
|---|---|---|
||£|£|
|**Receipts**|||
|Catalytic Fund|79,224|168,959|
|Match Funding|46,452|47,794|
|Bible Translation Fund|300,433|1,305,680|
|Global Translation Fund|438,279|-|
|Member Support Funds|27,560|-|
||**891,949**|**1,522,433**|
|**Payments**|||
|Catalytic Funds|134,399|141,271|
|Match Funding|51,205|30,873|
|Bible Translation Fund|972,613|616,486|
|Agency Fees|-|75,153|
|Global Translation Fund|104,428|-|
|Member Support Funds|14,917|-|
||**1,277,562**|**863,783**|
|**Bank balances held as agent**|||
|Balances b/f|755,222|96,572|
|Movement in year|(385,613)|658,650|
|Balance c/f|**369,609**|**755,222**|
Page 14
continued...
**THE WORD FOR THE WORLD, UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025**
## **13. GRANT MAKING**
The charity does not operate any grant-making programmes. The UK office’s primary role is fundraising, and funds raised are transferred to other entities within our global organisation to support the delivery of programme activities internationally, including Bible translation, Scripture publication, literacy projects, and training department support, details as below:
Bible Translation - Luhuru Bible Translation - South Asia various projects Bible Translation - Nkangala Project Bible Translation - Roma (Serbia/Croatia) Scripture Publication - Nkangala New Testament. Literacy Project - Sena/Lambya Literacy Training Project - Kokhola, Sikwa & Nyiha Training Department Support Diploma in Bible Translation Support
These transfers form part of the charity’s direct charitable activities and are not discretionary grants to external bodies.
Page 15
## **THE WORD FOR THE WORLD, UK**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Deposit account interest
**Charitable activities**
Seed company income
Agency fee
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Grant writing costs
Fundraising costs
**Charitable activities**
Translation
Exchange (gains)/losses
Literacy
Scripture Publication
Project Engagement
Training
Conferences, meetings, seminar
Grants to institutions
**Support costs**
**Management**
Wages
Pensions
Bank charges
Accountancy
General expenses
Carried forward|2025
£
168,427
22,705
74,156
41,688
115,844
306,976
15,480
9,214
24,694
85,278
5,822
12,605
8,500
1,619
23,200
613
-
137,637
29,716
963
1,391
12,240
280
44,590|2024
£
186,184
10,281
75,153
48,429|
|---|---|---|
|||123,582|
|||320,047
-
2,181|
|||2,181
89,061
-
-
-
-
-
-
105,200|
|||194,261
27,183
-
1,393
8,399
-
36,975|
This page does not form part of the statutory financial statements
Page 16
## **THE WORD FOR THE WORLD, UK**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 March 2025**
|**for the year ended 31 March 2025**|||
|---|---|---|
|**Management**
Brought forward
Travelling
Subscriptions
Printing, stationery & postage
Legal and professional fees
Training costs
Office rent
Office IT costs
Insurance
Total resources expended
**Net income**|2025
£
44,590
6,579
489
230
945
3,380
4,800
1,440
1,048
63,501
225,832
81,144|2024
£
36,975
5,329
341
563
18,241
42
1,600
1,233
-|
|||64,324|
|||260,766|
|||59,281|
This page does not form part of the statutory financial statements
Page 17