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← World Outreach

2023-12-31-accounts

Company Number: 4837413 Charity Number: 1101264

UNAUDITED FINANCIAL STATEMENTS

31 DECEMBER 2023

WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)

YEAR ENDED 31 DECEMBER 2023

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.

Objectives and activities

In planning the charity’s activities the Directors have had regard to the guidance on public benefit issued by the Charity Commission.

World Outreach was founded in 1932 by Dr Len Jones, a man deeply committed to evangelism, with a radical personal faith and a depth of the vision of God in his heart that few in his time understood.

The founding roots of World Outreach were in helping refugees affected by the communist uprising in Russia and Eastern Europe. Dr Jones taught and inspired Christians worldwide to catch hold of God's vision and tenaciously to forge forward to achieve these goals. He championed a lifestyle of complete faith in a mighty God who could be trusted to achieve the impossible.

That visionary, apostolic leadership exemplified in one man, remains the driving force that has impacted countless lives and fuels the fire for mission in World Outreach even today, over 85 years later. While scores of passionate and dedicated mission personnel have come and gone over the years, today the same visionary spirit is represented in the hundreds of personnel who are presently serving with the organisation with Ministry involvement in over 60 nations.

When World Outreach was founded in 1932, it worked first only in Europe under the name 'Russian and Eastern European Mission'. With the fall of the iron curtain, it changed its name to 'Slavic Mission', concentrating efforts on displaced Slavic peoples worldwide. The mission next expanded into Asia as the 'Slavic and Oriental Mission', and in 1968 finally changed its name into 'World Outreach'.

The World Outreach UK Trust was founded in March 1969 in Dorchester, Dorset and application made to the Charity Commission for England and Wales for recognition as a charitable Trust with the objectives:

To respond to the 21st century, on 18th July 2003 World Outreach was incorporated as a Company (4837413), limited by guarantee, and re-registered with the Charity Commission for England and Wales (1101264) with the objective of demonstrating Christian faith in action through:

In practice this encompasses all the objectives of the founder and the 1969 Trust.

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 DECEMBER 2023

Objectives and activities (continued)

With the mandate "touching lives, changing nations", World Outreach exists to impact least-reached people groups with the Gospel of Jesus Christ. Our mission vision is accomplished through establishing strategic partnerships with the Church worldwide in order to engage in transformational discipleship among least-reached peoples.

With our experience in pioneering cross-cultural missions, World Outreach is able to strategically challenge, guide and partner with Churches worldwide, advancing the understanding and fulfilment of God's plan, purpose and will in the pursuit of world evangelisation. To maintain this dynamic role of spearheading the extension of God's kingdom both now and in the future, we combine desperate reliance on God with carefully planned strategies, effective partnerships with believers worldwide, and strategic deployment of resources. Our continuously growing "family support network" provides guidance, direction, accountability and care to our staff as well as our global partners. World Outreach remains committed to its original founding ethos of facilitating the training, placement and support of fieldworkers, truly called of God, in voluntary partnership to achieve God's plan and purpose.

World Outreach maintained an administrative office in Reading from September 2003 until a move to Market Harborough in October 2009. The office returned to Reading in June 2012 and moved to Chester in June 2013. However a London forwarding address, initiated in August 2012, now allows the office to operate from any location within the UK, with a fixed London address for supporters to write to. In parallel, VOIP technology provides a fixed London telephone number for the office wherever it is located geographically. Supporters mail their gifts, or give via standing order, and all gifts are receipted and designations recorded. Precisely-tailored computer systems provide a very tight control on and provide total visibility of finances.

All administrative expenses are met from unallocated or general funds, and each month all restricted funds are either remitted to the World Outreach International office to be passed on to missionaries and projects, or are remitted directly to the missionary recipient in the UK. Each month all missionaries receive a complete email statement of the gifts that they have received.

Nations magazine, now mailed out 3 times a year, continues to be provided free of charge to supporters. Numbers of supporters have now opted to view their copy of Nations electronically, but it is not yet known how effective this is in informing supporters about the work of World Outreach. Website www.world-outreach.com carries mission news and information for how to get involved as well as give financially to the work of the mission.

Risk Management

All significant activities undertaken are subject to a risk review as part of initial project assessment and implementation. Major risks are identified and ranked in terms of their potential impact and likelihood.

Major risks, for this purpose, are those that may have a significant effect on:

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 DECEMBER 2023

The Trustees review these risks on an ongoing basis and satisfy themselves that adequate systems and procedures are in place to manage the risks identified. The following framework is central to ensuring adequate risk assurance:

In assessing risk the Trustees recognise that some areas of work require the acceptance and management of risk if key objectives are to be achieved.

Achievements and performance

Development

Progress has been made within the office structure with the handover to Sam Rebbettes completed. Sam has now fully taken over the role of administration and finance within World Outreach UK. This has been a huge asset due to Sam’s experience and skills within his accounting profession. A quite significant change is that as a board the decision was taken to move banks.

World Outreach UK had been with Barclays bank for over 10 years, but following conversations with the board the decision was taken to look for another bank. Following a process of research by Sam we decided to open a charity account with Virgin Money in October 2023, with the hope that the finance and administration process would be smoother and less frustrating.

An objective for 2023 was to develop a relationship with the North of England Mission Partnership (NEMAP). This comprises various mission agencies who work together with the Universities, Colleges Christian Fellowship (UCCF) in partnership. The aim of this partnership is to go into university Christian Unions to host mission roadshows and engage with students on the subject of Christian mission. Following various meetings with Jon Hitchen, World Outreach was accepted in this NEMAP partnership. As a result Jon was invited to events at six Christian universities in the North West. This was a great opportunity to raise the subject of mission but also to showcase the work of World Outreach with young students looking for ways to serve God.

We had previously been involved with the Eastern Partnership in the same capacity as NEMAP above but since David Adams left the board due to his wife’s illness we have not been able to function in that as well due to distance, as Jon Hitchen lives in the north west and most of the events in the eastern partnership happen 3-4 hours away. There is a possibility that David Adams may do some ambassadorial work for us and pick this area up again, discussions are ongoing regarding this as a possibility.

There has continued to be a development of relationship with Bible Colleges. Jon Hitchen has visited four with conversations around their work and to see if there is scope for some form of partnership. This has led to opportunities to speak to students and staff at two colleges as well as participating in a mission fair at one of the colleges. These have proved to be great opportunities to network, build relationships and raise the profile of World Outreach in the UK. The intention is to pursue further networking and development opportunities with other Bible colleges.

One of the ways we want to help raise the profile of World Outreach in the UK is to attend conferences and exhibitions. We were able to attend the Christian Resources Exhibition (CRE) in November at a centre in Solihull,

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 DECEMBER 2023

Birmingham. Jon Hitchen attended for the two days and it proved to be a good way to network and raise the profile of the mission.

During this year we started a process to appoint a new trustee as one of our long standing trustees, Benj Street, indicated that he intended to step down by the end of 2023 after 16 years of service on the board. At the end of 2023, we started the appointment process of a new trustee, Marissa Knott, in the hope that Marissa would join the board in early 2024.

Financial review

Principal funding sources

Ongoing funding from committed supporters of World Outreach in the UK means that over the course of the year the financial position of the Trust remains strong with operating costs controlled by reserve funds alongside sufficient income. Given the continuance of this level of committed support the Trustees are of the view that the charity's financial position is satisfactory and the assets are adequate to meet the obligations of the charity for the foreseeable future.

Investment powers and policy

Under the Memorandum and Articles of Association the charity has the power to invest or deposit in any lawful manner. Any investment can only be made after obtaining advice from a financial expert, and having regard to the suitability of investments and the need for diversification. The Trustees, having regard to the liquidity requirements of the charity and to the reserves policy have operated a policy of keeping available funds in an interest bearing deposit account.

The Trustees actively pursue the best returns commensurate with a risk-averse approach to investment.

Reserves policy

The total reserves at 31 December 2023 were £96,303 (2022 - £89,828), which are made up entirely of unrestricted funds of the charity (2022 - unrestricted funds of £89,828).

The level of reserves are monitored and reviewed by the Trustees twice a year. After careful assessment of the level of continuing need, the Trustees have agreed that reserves should cover the full operating costs of the Trust for at least 24 months. The policy has been met in the year ended 31 December 2023, and the Trustees are continuing to monitor the situation carefully.

Structure, governance and management

Governing document and membership

World Outreach is a company limited by guarantee governed by its Memorandum and Articles of Association dated 18th July 2003. It is registered as a charity with the Charity Commission. The company currently has 6 trustee members, each of whom promises to contribute £1 in the event of the charity winding up.

Membership of the company is open to anyone interested in promoting the objects of the company and who has been approved by the Trustees. New trustee members are provided with training as required.

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 DECEMBER 2023

Structure, governance and management (continued)

Organisation

The Board of Trustees administers the charity. The board meets two to three times a year to monitor the activities of the company. The Company Secretary is appointed by the Trustees to manage the day to day operations of the charity. To facilitate effective operations the Trustees have delegated certain authority to the Company Secretary for operational matters including finance. From time to time, as required, subgroups of the Board of Trustees meet for informal discussion as decided at formal Trustee's meetings. The Trust cooperates closely with World Outreach International based in Singapore to whom workers on the field directly relate.

Reference and administrative details

Registered charity name World Outreach
Charity registration number 1101264
Company registration number 4837413
Principal office and registered 11 Orchard Close
office Chester
CH2 2JD
The trustees
Mr J J Hitchen
Mr D B Street (Resigned 15thNovember 2023)
Mr R P Jones
Mr S R Rebbettes
Mr B A Leach
Mrs M Knott (Appointed 26thFebruary 2024)
Company secretary Mr J J Hitchen
Independent examiner A N Poyton FCCA
5 The Chambers
Vineyard
Abingdon-on-Thames

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 DECEMBER 2023

Structure, governance and management (continued)

Plans for future periods

The Trust will continue to pursue:

Expanding the operations of World Outreach into the UK, through:

Strengthening its position among supporters in the UK, through:

Independent Examiners

A resolution will be proposed at the Annual General Meeting that Vineyard Accountants Limited be re-appointed as independent examiners to the charity for the ensuing year.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 6[th] June 2024 and signed on behalf of the board of trustees by:

Mr J J Hitchen Trustee

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WORLD OUTREACH

YEAR ENDED 31 DECEMBER 2023

I report to the trustees on my examination of the financial statements of World Outreach ('the charity') for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

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:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

A N Poyton FCCA Independent Examiner

5 The Chambers Vineyard Abingdon-on-Thames

9[th] September 2024

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 DECEMBER 2023

Note
Income and endowments
Donations and legacies
5
Investment income
6
Total income
Expenditure
Expenditure on charitable activities
7
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2023
2022
Unrestricted
Funds
Restricted
Funds
Total
Funds
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
£
£
£
32,343
95,133
127,476
16,614
77,497
94,111
1,221
-
1,221
180
-
180
33,564
95,133
128,697
16,794
77,497
94,291
28,563
93,659
122,222
28,380
75,840
104,220
28,563
93,659
122,222
28,380
75,840
104,220
5,001
1,474
6,475
(11,586)
1,657
(9,929)
1,474
(1,474)
-
1,657
(1,657)
-
6,475
-
6,475
(9,929)
-
(9,929)
89,828
-
89,828
99,757
-
99,757
96,303
-
96,303
89,828
-
89,828

The statement of financial activities includes all gains and losses recognized in the year. All income and expenditure derive from continuing activities.

The notes on pages 10 to 17 form part of these financial statements.

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2023

Note
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one year
13
Net current assets
Total assets less current liabilities
Net assets
Funds of the charity
Unrestricted funds
Total charity funds
14		 2023
£
£
961
103,481
104,442
8,139
96,303
96,303
96,303
96,303
96,303		 2023
£
£
961
103,481
104,442
8,139
96,303
96,303
96,303
96,303
96,303		 2022
£
428
96,096
104,442
8,139		 96,524
6,696
89,828
96,303 89,828
96,303 89,828
96,303 89,828
96,303 89,828

For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorized for issue on 6[th] June 2024 and are signed on behalf of the board by:

Mr J J Hitchen Trustee

The notes on pages 10 to 17 form part of these financial statements.

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 DECEMBER 2023

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 11 Orchard Close, Chester, CH2 2JD .

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Going concern

There are no material uncertainties about the charity's ability to continue.

Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 DECEMBER 2023

are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income tax

The charity is exempt for taxation on its income and gains where they are to be applied for charitable purposes.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 DECEMBER 2023

Volunteers

The charity benefits from the services of volunteers, who spend many hours assisting the charity. The trustees are of the opinion that the volunteer services are not reasonably quantifiable.

4. Limited by guarantee

The Charity is a company limited by guarantee and has no share capital.

Each member of the company commits to contribute an amount of £1 in the event that the charity is wound up.

5. Donations and legacies

Donations
General donations
Legacies
Tax recoverable
Donations
General donations
Legacies
Tax recoverable		 Unrestricted
Funds
Restricted
Funds
Total Funds
2023
£
£
£
12,243
87,762
100,005
19,000
-
19,000
1,100
7,371
8,471
32,343
95,133
127,476
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
£
£
£
9,899
71,823
81,722
5,702
-
5,702
1,013
5,674
6,687
16,614
77,497
94,111

6. Investment income

Interest on cash deposits Unrestricted
Funds
Total Funds
2023
Unrestricted
Funds
Total Funds
2022
£
£
£
£
1,221
1,221
180
180

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 DECEMBER 2023

7. Expenditure on charitable activities by fund type

Networking costs
Grants payable
Support costs
Networking costs
Grants payable
Support costs		 Unrestricted
Funds
Restricted
Funds
Total Funds
2023
£
£
£
1,597
-
1,597
1,200
93,659
94,859
25,766
-
25,766
28,563
93,659
122,222
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
£
£
£
2,046
-
2,046
1,200
75,840
77,040
25,134
-
25,134
28,380
75,840
104,220

8. Analysis of support costs

General office
Governance costs
Other fees
ndependent examination fees
Fees payable to the independent examiner for:
Independent examination of the financial
statements
Other financial services		 Total
2023
Total
2022
£
£
2,813
2,368
2,361
3,734
20,592
19,032
25,766
25,134
2023
2022
£
£
1,800
2,880
-
-
1,800
2,880

9. Independent examination fees

10. Staff costs

The charity does not employ any staff.

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 DECEMBER 2023

11. Trustee remuneration

Included in networking costs is £1,285 of travel, subsistence and meeting costs (2022: £2,046), reimbursed to one trustee travelling to monitor and support charitable activities and programmes.

No remuneration was paid to any other trustee during the year, nor to any person connected to them, with the exception of the remuneration described in note 16.

12. Debtors

Tax recoverable
Legacies receivable		 2023
2022
£
£
961
428
-
-
961
428

13. Creditors: amounts falling due within one year

Purchase ledger
Accruals		 2023
2022
£
£
6,339
4,896
1,800
1,800
8,139
6,696

14. Analysis of charitable funds

Unrestricted funds

General funds
Where most needed
General funds
Where most needed		 At 1st
January
2023
Income
Expenditure
Transfers
At 31st
December
2023
£
£
£
£
£
51,012
12,472
(27,363)
2,721
38,842
38,816
21,092
(1,200)
(1,247)
57,461
89,828
33,564
(28,563)
1,474
96,303
At 1st
January
2022
Income
Expenditure
Transfers
At 31st
December
2022
£
£
£
£
£
70,793
4,729
(27,180)
2,670
51,012
28,964
12,065
(1,200)
(1,013)
38,816
99,757
16,794
(28,380)
1,657
89,828

General funds: These are funds which can be used at the discretion of the trustees to further the objectives of the charity.

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 DECEMBER 2023

Where most needed: Monies received into the charity’s ‘where most needed’ fund are designated for the support of such missionaries, causes or purposes as the charity’s trustees deem appropriate, and in particular those missionaries, causes or purposes facing greater challenges or bearing greater needs.

Restricted funds

Herald of His Coming
Missionary Support
Herald of His Coming
Missionary Support		 At 1st
January
2023
Income
Expenditure
Transfers
At 31st
December
2023
£
£
£
£
£
-
-
-
-
-
-
95,133
(93,659)
(1,474)
-
-
95,133
(93,659)
(1,474)
-
At 1st
January
2022
Income
Expenditure
Transfers
At 31st
December
2022
£
£
£
£
£
-
3,525
(3,001)
(524)
-
-
73,972
(72,839)
(1,133)
-
-
77,497
(75,840)
(1,657)
-

Herald of His Coming: Monies received for this purpose were received specifically for translation and publishing of the Christian Newspaper ‘Herald of His Coming’ in twenty different languages. By agreement, administrative costs of this were funded by a transfer to general funds. World Outreach discontinued support for the publication in April 2022.

Missionary Support: Much of the money given by donors is specifically for the support of one of the many missionaries supported by World Outreach International Inc. These funds are paid direct to the missionaries, or are paid to World Outreach International Inc, a charity incorporated in Singapore, which provides direct support for the relevant missionaries. By agreement, a portion of any gift aid claimed on these funds is used to cover the administrative costs of the charity.

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 DECEMBER 2023

15. Analysis of net assets between funds

Current assets
Creditors less than 1 year
Net assets
Current assets
Creditors less than 1 year
Net assets		 Unrestricted
Funds
Restricted
Funds
Total Funds
2023
£
£
£
99,919
4,523
104,442
(3,616)
(4,523)
(8,139)
96,303
-
96,303
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
£
£
£
93,344
3,180
96,524
(3,516)
(3,180)
(6,696)
89,828
-
89,828

16. Related party transactions

During the year the following trustees received payments in relation to professional services:

The total amount of donations funded by trustees was £4,084 (2022: £3,630).

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 DECEMBER 2023

17. Analysis of grants by nation

After due consideration, the trustees have elected to consolidate the analysis of the charity’s grants by nation, both on the grounds of materiality, and also in order to respect the privacy of a number of missionaries in receipt of the charity’s grants.

Afghanistan
Bangladesh
Burkina Faso
Croatia
India
Indonesia
Multinational
Ivory Coast
Kenya
Malaysia
New Zealand
Pakistan
South Africa
Syria
Thailand
United Kingdom		 Total
2023
Total
2022
£
£
-
190
15,840
340
1,440
1,620
1,080
1,080
-
600
23,008
19,730
10,945
19,374
26,636
11,836
-
5,000
1,368
1,512
156
144
1,284
720
1,440
1,476
7,440
3,022
12,160
1,200
1,258
94,859
77,040

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