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← World Outreach

2024-12-31-accounts

Company Number: 4837413 Charity Number: 1101264

UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2024

WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

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

YEAR ENDED 31 DECEMBER 2024

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 2024.

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 2024

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 2024

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

Having built partnerships with Bible Colleges we have worked to develop mission placement opportunities for students. This meant working with our field directors and mission partners to find suitable opportunities that would appeal, as well as, give good experience to Bible college students. Alongside these we have also made summer opportunities for mission trips / experience to the colleges if students were seeking this. This work of continuing to find good placements and general short term mission opportunities is ongoing and we regularly check if new opportunities are available in World Outreach around the world that we could promote.

We continue to have relationship with the North of England Mission Agency 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 and present opportunities to serve and gain mission experience. This year we toured the North East universities with most being well attended and proving profitable as students seek to know and plan their futures. This continues to be a great opportunity to raise the subject of mission but also to showcase the work of World Outreach around the world with young students looking for ways to serve God. It is also good that mission agencies work together and are not in competition.

We had a visit from our International Director Ben Brooks in May and arranged an itinerary for him with the intention of helping us raise the profile of WOUK. This is helpful in that he can speak with more insight into what God is doing in the field and raise any needs that churches and individuals may want to support. We were also able to meet with a new Bible college and this started a partnership with them that was not previously there. Ben amongst others from the international leadership team will continue to visit each year as we seek support from World Outreach International in raising the profile of World Outreach in the UK.

We also had a visit from Ivan Venter in November. He serves on the World Outreach International leadership team. We were also able to put an itinerary together for him which included various individual meetings and a house group meeting. We also connected with a church in South East London and met with the leader but also had a Q&A with him in front of the church on a Sunday morning. The intention is to develop this relationship and share resources with them that may be helpful and possibly spend more time with them in 2025. Conversations were ongoing regarding this.

One of our approaches in seeking to raise the profile of WOUK is to attend conferences and exhibitions. We are limited to how many we attend as they are expensive. This year we attended a new conference we had not been

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

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

YEAR ENDED 31 DECEMBER 2024

to before. This was ‘Cliff Fest’ held at Cliff College which is one of the Bible colleges we have a partnership with. It was good to attend from a relationship point of view but there were low numbers attending and not a huge amount of engagement. This was experienced by all who were exhibiting at the event and therefore not linked to World Outreach. We also attended the Christian Resources Exhibition (CRE) which this year was in Milton Keynes. This is a well-attended event and people that visit are intentionally looking for resources to help their churches or organisations which means engagement is good. We had good conversations and made some links to follow up on and intend to exhibit again next year.

Going into 2024 our board was down to four trustees due to a resignation in 2023 of a long standing trustee. We started the process with Marissa Knott who was interested in joining the board due to a family link to World Outreach. Following our process and conversations we appointed Marissa in early 2024 however after six months Marissa and her family re-located to the Far East for a new opportunity that had arisen. We therefore started to look at anyone else that we could approach within our networks that may be interested and suitable to the role. This was ongoing at the end 0f 2024.

We have also started to discuss the development of our UK mailing list and utilising this more efficiently and effectively. Two board members looked at the mailing list and database to bring it up to date so that it could be used to send out newsletters, field opportunities, testimonies and general encouragement as to what God is doing around the world through World Outreach. This will be further developed into 2025.

Our intention and hope moving forwards is to develop relationships with churches and plan to look at what further resources we could offer to churches that may be helpful. We also, with World Outreach International’s help, want to develop our approach to fundraising as they have resources that they have developed which we can adapt for a UK audience.

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 2024 were £58,998 (2023 - £96,303), which are made up entirely of unrestricted funds of the charity (2023 - unrestricted funds of £96,303).

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

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

YEAR ENDED 31 DECEMBER 2024

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 2024, 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 2024

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 R P Jones
Mr S R Rebbettes
Mr B A Leach
Mrs T D Moreton (Appointed 4thMarch 2025)
Mrs M Knott (Resigned 30thAugust 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 2024

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 _____ and signed on behalf of the 24/09/2025 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 2024

I report to the trustees on my examination of the financial statements of World Outreach ('the charity') for the year ended 31 December 2024.

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 24/09/2025

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WORLD OUTREACH COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2024 2024 Restricted Funds 2023 Restricted Funds Unrestricted Funds Total Funds Unrestricted Funds Total Funds Note Income and endowments Donations and legacies Investment income Total Income 29,996 1,688 31,684 62,060 92,056 1,688 93,744 32,343 1,221 33,564 95,133 127,476 1,221 128,697 62,060 95,133 Expendlture Expenditure on charitable activities Total expenditure 70,541 70,541 60,508 60,508 131,049 131,049 28,563 28,563 93,659 93,659 122,222 122,222 Net lexpenditurel/income 138,8571 1,552 137,305) 5,001 1,474 6,475 Tran5fer5 between funds 1,552 11,5521 1,474 11,4741 Net movement in funds 137,3051 137,305) 6,475 6,47S Reconciliation of funds Total funds brought forward Total funds carried forward 96,303 58,998 96,303 58,998 89,828 96,303 89,828 96,303 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 11 to 18 form part of these financial statements.

WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2024

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		 2024
£
£
567
68,736
69,303
10,305
58,998
58,998
58,998
58,998
58,998		 2024
£
£
567
68,736
69,303
10,305
58,998
58,998
58,998
58,998
58,998		 2023
£
961
103,481
69,303
10,305		 104,442
8,139
96,303
58,998 96,303
58,998 96,303
58,998 96,303
58,998 96,303

For the year ending 31 December 2024 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 _____ and are signed on behalf of the board by: 24/09/2025

Mr J J Hitchen Trustee

The notes on pages 11 to 18 form part of these financial statements.

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 DECEMBER 2024

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 2024

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 2024

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
2024
£
£
£
9,472
54,299
63,771
19,580
-
19,580
944
7,761
8,705
29,996
62,060
92,056
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

6. Investment income

Interest on cash deposits Unrestricted
Funds
Total Funds
2024
Unrestricted
Funds
Total Funds
2023
£
£
£
£
1,688
1,688
1,221
1,221

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 DECEMBER 2024

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
2024
£
£
£
3,141
-
3,141
41,200
60,508
101,708
26,200
-
26,200
70,541
60,508
131,049
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

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
2024
Total
2023
£
£
2,678
2,813
2,453
2,361
21,069
20,592
26,200
25,766
2024
2023
£
£
1,800
1,800
-
-
1,800
1,800

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 2024

11. Trustee remuneration

Included in networking costs is £2,820 of travel, subsistence and meeting costs (2023: £1,285), reimbursed to three trustees meeting and travelling for the purposes of monitoring and supporting 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		 2024
2023
£
£
567
961
-
-
567
961

13. Creditors: amounts falling due within one year

Grants Payable
Accounts Payable
Accruals		 2024
2023
£
£
6,456
4,623
2,049
1,716
1,800
1,800
10,305
8,139

14. Analysis of charitable funds

Unrestricted funds

General funds
Where most needed
General funds
Where most needed		 At 1st
January
2024
Income
Expenditure
Transfers
At 31st
December
2024
£
£
£
£
£
38,842
14,086
(29,341)
2,408
25,995
57,461
17,598
(41,200)
(856)
33,003
96,303
31,684
(70,541)
1,552
58,998
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

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 DECEMBER 2024

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

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

Missionary Support
Missionary Support		 At 1st
January
2024
Income
Expenditure
Transfers
At 31st
December
2024
£
£
£
£
£
-
62,060
(60,508)
(1,552)
-
-
62,060
(60,508)
(1,552)
-
At 1st
January
2023
Income
Expenditure
Transfers
At 31st
December
2023
£
£
£
£
£
-
95,133
(93,659)
(1,474)
-
-
95,133
(93,659)
(1,474)
-

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 2024

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
2024
£
£
£
62,946
6,357
69,303
(3,948)
(6,357)
(10,305)
58,998
-
58,998
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
£
£
£
99,919
4,523
104,442
(3,616)
(4,523)
(8,139)
96,303
-
96,303

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 £2,680 (2023: £4,084).

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WORLD OUTREACH

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31 DECEMBER 2024

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.

Bangladesh
Burkina Faso
Croatia
India
Indonesia
Multinational
Ivory Coast
Malaysia
New Zealand
Pakistan
Russia
Singapore
South Africa
Syria
Thailand
United Kingdom		 Total
2024
Total
2023
£
£
240
15,840
960
1,440
1,080
1,080
690
-
26,458
23,008
42,238
10,945
10,241
26,636
288
1,368
156
156
880
1,284
1,613
-
271
-
1,440
1,440
-
7,440
11,572
3,022
3,581
1,200
101,708
94,859

The total number of grants made in the year to 31[st] December 2024 was 248 (2023: 236). Grants made to recipients in the United Kingdom are administered and distributed by the charity directly. All other grants are administered and distributed by World Outreach, an affiliate charity based in New Zealand.

Grants paid reflects the full amount of funds distributed to the worldwide missionaries. No support costs are included within this sum.

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