TRusfEES ANNUAL REPORT
APPENLVXONE
BALM OF GILEAD WORLD MINISTRIES TRUST
End of Year Trustees Re
ort
The Trustees have pleasure in presenting their report and the
financial statements for the charity for the year 2023. 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
the Republic of Ireland (FRS 102) (effective l January 2015).
Introduction.
The trustees present their annual report and accounts for the
year 2023.
The church has enough funds to cover emergences or
unforeseen difficulties for 6 months. These funds are hedged so
that they are not used up. All Balm of Gilead Ministries funds
come from its members and Gift Aid.
The Church finances fluctuate from time to time however when
the funds are low the church members give to support the work
as need arises. For the activities that are conducted during the
course of the year, the individuals who attend sponsor
themselves.
The only activity that the church funds cover is the main Annual
Conference and most of the times, money contributed by the
church members cover the expenses of the Church Conferences.
The board of trustees is satisfied with the performance of the
church during the year and consider that the church is in a good
position to continue its activities during the coming year and that
the church'5 assets are adequate to fulfil its obligations.
Pagelof6

TRUSTEE5 ANNUAL REPORT
APPEAIDIXOAIE
Thin
s to Note in 2023
combe Branch
No significant changes
Northam
ton Branch
-increased in number as a couple of families joined the church
Including a family from Romford branch
South-end Branch
-doing very well. Sunday school doing well and evangelism
fruitful.
Romford Branch
-lost a few families who moved to other areas such as
Derbyshire and Peterborough
Main Annual Church Activities.
We had a successful church conference in Mayi youth camp in
July. ladies conference in September, men's conference and
international day in November.
Pastors missionary trip to Zimbabwe once a year
Zoom prayer meetings continue being held 3 times a week.
Page2of6

TRUSTEES ANNUAL REPORT
APPENDIX OPIE
Church in Zimbabwe
Masvin
o Branch
-Area hit by cholera, tent used for church was destroyed by strong
winds, otherwise the church is doing well and growing in numbers
Zhilo Branch
Church has not grown much but doing well
Bulawa
o Cit Centre Branch
-doing well. Senior Pastor J Cox currently gone there to see how the
church is doing.
Bulawa
OEM
anwini Branch
-tent used for church services destroyed by winds, they currently using
a classroom for church services which is not ideal
church othenNise doing well
Harare Branch
-we released the church so the local pastor could pursue his vision
which was taking the church a different direction from the Balm of
Gilead vision, this was decided in the Church Leadership meeting held
on 2/4/2023
Other Chan
es
Miranda who was a Trustee and a Safeguarding lead moved to
Peterborough, Robson Utete is now one of the Trustee5 and Grace
Petula Habbershaw is Safeguarding together with Merica Cox
Pa8e3of6

TRUSTEES ANNUAL REPORT
APPENDIXONE
The church contributes £700 towards Pastor Joel Cox and family
rent. The house is being used for leadership meetings, youth
meetings and bible studies as we do not have a church office or
building of our own.
The church continues to support the church in Zimbabwe.
The amount of money sent to support the church in Zimbabwe
can vary as need changes.
Name and registered office and constitution of the Church:
The full name of the Church is Balm of Gilead World Ministries
Trust
Ob ectives and Activities of the Church
A summary of the objective5 of the church as set out in its
governing document.
Public benefits that is provided by the church..
To advance the Christian faith (in accordance with the
statement of beliefs) in such ways and in such parts of the United
Kingdom or the World as the trustees from time to time may
think fit.
To relieve sickness and financial hardship and to promote and
preserve good health by the provision of funds, goods or services
of any kind, including through the provision of counselling and
support in such parts of the United Kingdom or the World as the
Trustees from time to time may think fit.
And to advance education in such way and in such parts of the
United Kingdom or the World as the Trustees from time to time
may think fit.
Page4of6

TRusfEES ANNUAL REPORT
APPENDIXONE
Main Church Artivities Planned for 2024
Youth Retreat
Ladies Annual Conference - 29 Sept to l Ottober 2024
Man Annual Conference- November 2024
Pastor Missionary trip to Zimbabwe once a year
The other activities will continue as usual
Availabilit
and Ade
uac
of Assets of each of the Funds.
The board of trustees is satisfied that the church's assets in each
fund are available and adequate to fulfil its obligations in respect
of each fund.
The church trustees reserve the right to change any of the laid
down expenses as it gets bigger and its needs change.
Financial Statements
The financial statements have been prepared in accordance with
the statement recommended practise for accounting and
reporting by charities issued by the church commission of
England and Wales.
As stated in the introduction to this report, the Trustees consider
the financial performance by the church during the year to have
been satisfactory.
The member5 of the board of Trustees of the Church during the year
ended 31st December 2023 were Miss Sidanisile Ndlela and Mr
Robson Utete.
BALM OF GILEAD WORLD MINISTRIES TRUST Report of the
Trustees Continued
OBJECTIVES AND ACTIVITIES
Objectives and aims
Pa8e5of6

TRUSTEES ANNUAL REPORT
APPE141>1XOPIE
The trustees have considered the Charity Commission's
guidance on public benefit, including the guidance 'public
benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION:
BALM OF GILEAD WORLD MINISTRIES TRUST
Charity registration number 1115743
Principal address
3 Wilce Avenue
Wellingborough
Northamptonshire
NN8 2QL
Trustees
The trustees and officers serving during the year and since the
year end were as follows..
Miss Sidanisile Ndlela
Mr Robson Utete
Inde
endent Examiner
Emmanuel Mensah FMAAT MBA
Ground floor West Office 10
Nicholas House, River Front
Enfield ENI 3TF
Approved by the Board of Trustees and signed on it5 behalf by
Miss Sidanisile Ndlela (Trustee)
PageGof6

Charity number. 1115743
BALM OF GILEAD WORLD MINISTRIES TRUST
ReFJOrt ol the Truslees arKI Unaudited Financial S18tements
For the year ended 31 December 2023

BALM OF GILEAD WORLD MINISTRIES TRUST
Contents Page
For the year ended 31 De￿mber 2023
Report of the Ta￿8$
Indgp8nd8nt EXAM￿0￿S Report to the Tru81
ststement of Flnandal Activitses
statement tsf Finan￿￿ Positknn
Not&s to the Fin8neial Statemants
5t08
tletsiled Statement of Fiaanckql A¢twitEs

BALM OF GILEAD WORLD MINISTRIES TRUST
ReF#)rt of the TKustees
For the year ended 31 December 2023
The Trust888 have pleasure in pr8s$nt*ng their r8POrt and the finantial statemènts for th8 L*arity for the year ended 31
December 2023. The Trust￿ have adopted th8 provisions of AGcounfjng and Reportlng by Charities..
Ststgrnent of
Recomrntsnded Pr&thiGe applicable to Gharit+es preparing their accounts ir accordance ￿1th th& Finaft¢ial Rep¢￿Ing Standard
applicable in the UK and the Rewblic of Ireland IFRS 10211offectivo l January 20191.
Please so0 TrustoèAnnual Rgport on Appendlx One.
OBJECTIVES AND ACTMTIES
Obl$ctfvts and almB
The trustees hav8 ¢on5iJ8red th8 Char6ty Commisslon's guidance on Publ￿ bèn6fit, IndudlThJ the gU￿an¢e 'puidic benefit..
runnÈn9 a th8rity IP82}'.
REFERENce AND ADMINISTRATIVE INFORMATION
Name of Ch8Ylty
Charity rggistratlan numbor
Principal adthejs
BALM OF GILEAD WORLD MINISTRIES TRUST
1115743
3 Wilce Avenue
Wettingboyough
Northamptonshirg
NN8 2QL
Thetrustees and offi￿r￿ seNing during th8year and sinc&thg year ondware a5 folltsw8'.
Ms Sidanisilts Nd￿18
Ind•p•ndont •xamlner
EM[na￿ueJ Mènsah FMAAT
Ground Fl(x)rWestOffice 10
Nicholas House, River Fro
Enfield
EN13TF
Approved bythe Board ofTr(￿le08 and &gned on its behalf by
Ms Sidanisile Ndleta- Trust00
7of9

BALM OF GILEAD WORLD MINISTRIES TRUST
Independent Examiners Report to the Trustees
For the year ended 31 December 2023
I raportto the trustees on myexaminètion ofth6 oco)unts of the chatlly forthe y6ar ended 31 December 2023.
Responslbilities and basis of report
As the charity trust8es. you ar8 responsiblo for tho pr8paratk)n of th8 accounts in aLEordance with the r8oulrern8nt8 ol
Charities Act20111'the 2011 Act'l.
I report in r8spec* of my 8x8nwnation of the Gharity's acc*)unts carrfed out under section 145 of the 2011 A¢t and in carrying
out my examination I have followed all th8 applicable Directions given by the Charsty Commi$won under section 14515llbl of
the Act.
Indepondènt •xamlttèrs statement
I have cOm￿ete￿ my exatnin8tion. I thatno motters have cL￿e to my attention in conneC￿n wlth th&exxminafjon
givlng me cau8e to believe that in any rI￿tel￿al respect..
. accounting r8c(xds wor8 not kept (n respe￿ ofthe Charityas requi￿ by s8¢bon 130 ofthe 2011 Actr. or
2. th8ac¢ounts do notaGf0Td￿th those recorits".
3. th8 accounts do not comply wth the applicable reqU1￿M&￿t8 concerning the form and conttrnt of aceounts stt out in Ihe
Charities (Accounts aTTrd Reports) Regu18tKJns 2008 otherthan any requirementthat the accounts give a'lrue and fair vlevl
which is Thot a matter (x>nSIde￿d as part otan independent examination.
I have no con¢erns and have comtr across no other m¥tttr6 in Gonnection with th8 8xamlnation towhich Bttenlon should be
drawn in this rew)rt in order to enable a proper Ltnderstsndino ol the aC￿unts to be reached.
Emman￿1 Mensah FMAAT
Ground Floorwest offi￿ 10
Nicholas House, Rlvw F￿nt
Enr￿Id
EN13TF
Date. a5 Qc4. 202*
2of9

BALM OF GILEAD WORLD MINISTRIES TRUST
Statement of Financial Activrties
For the year ended 31 DeGember 2023
Unr88trlded
lunds
Income and endowments from:
Donalionsand lega￿&S
Investrnents
Totsl
92.997
152
111,856
17
93,149
111073
Expenditure on..
Ch8ritsb19 activ￿$
Totsl
314
185,6441
1112.3161
1112.318)
Net inconWoxpendtture
R￿OnC11[at1QTr of l￿d$
Totalfvnds broughtforwasd
Totsl fund• ￿nIed fr•rward
7.505
14431
16.7T9
49.457
49.008
3of9

BALM OF GILEAD WORLD MINISTRIES TRUST
Statemenl of Financial Position
As at 31 Decembèr 2023
2023
2022
Currgnt aS90ts
Cash 8t bank and in haThJ
28.193
21,612
21,612
14.833}
28,193
13,9)91
Crvdltors.. amounts famlng duo wlthln ono yvar
Net curr•nt Ossets
24,284
16,779
16.779
Total a$sets less ¢urrent Ilablllti¢¥
Net assets
16,7YO
The lunds of th8 ch•rlty
Unrestricted incorne fuTh45
10
24.264
16.779
Totsl funds
16.779
ThefinancAal 8tat8montswerg apwOv￿l and8Uthoii5ed forlssue bythg Board and signed on Its b8half by..
Mssidantsile Ndlela
Trustee
4of9

BALM OF GILEAO WORLD MINISTRIES TRUST
Notes to the Financial Statements
For the year gnded 31 December 2023
1. Ac¢ounting Policies
Basis of accountlng
The finano81 slaternents have been prePa￿d under tho histOTio81 cost convention, except for investmant9 whieh are
InGJuded at ¥narket value and the revalL*iion of certain fixed assets and in accordance wth the Charities SORP (FRS
1021 Accounting and Reporting by Charihès.. Staternenlof Recommend8d Practice applicaue to charities preparitw their
a¢countS in a¢cordancg Wlth the Finandal R¢portitTrg Stanaard appllcable in the UK and Republlc of Ir81and IFRS 1021
lèffeclfvè 1 January20191'. FTnanGial R8POrting Standard 102 the F¥nan¢ial Reporting Stsndard applicabl6 in thg UKand
Republlc of Ir¢laThJ IFRS 1021. and the Charities Act 2011.
BALM OF GILEAD WORLD MINISTRIES TRUST mèets the dèfinthon of a public ￿nefIt gntity under FRS 102. A88&ts
and liabilthe5 are Inillgljy recooytised at historical cost ortransa¢tion value unless otherwise Stated in the TeJ8vant
accounting pclicy notelsl.
Golng
Our Orga￿sa￿.On hasenough fund5 to caryout its day to day activi￿eS forth& next 12 Itwelv81 monlhs and bgyond.
The Church oparatos byfaith. howeverthe leadership also budgets foritsactivltles and aro always 8waTeof thellnancw
challenges fac*é by the mamberthip vtho forni the core source of th8 organ15atlons fundlng.
Ineomln9 r¢BoUr￿8
All inrA)ming tesourcas are Indud8d in th8 st8tem8nt of finandal actlv1ti88 whon th8 Charity is entiued to theincome and
the amount can be qtt8ntifiod w6th rèasonabfg a¢cura¢y. The followng spedfic polioes are applied to particular
categories of incorne..
Resoureosexpeftiled
Liabililr8$are r8cognisad a$ r@S￿r¢e3 exp8nded when the￿ tsa tegal or￿nstrUctive oblig8tK)n COmft￿ttIng th8 Charity to
the expendltur8".
2. Incom• from donatlono and lega¢lo¥
2023
Unre$trictsd fund9
Donatwjns receav
92.997
111,856
91997
111,856
3. costs otcharltable actMt188 by fund typg
2022
Unrestrfc*d fun
Core Church Programmag
Support o)sts
81,623
86.011
4,021
20.305
85,844
112J16
5019

BALM OF GILEAD WORLD MINISTRIES TRUST
Notes lo the Financial Statements Continued
For the year ended 31 December 2023
Costs of ¢harllable aclivitie5 by a¢tivlty ty
A¢tlvitles
undertaken
Support
¢osts
dlredty
9upport Costs
Cor8 Chur¢h Programmes
81.S23
4.021
112,316
5. Anatysls ofsupport costs
2023
Core Chur¢h ProgramrneB
Banktharges
InsLYan
1,735
336
Other Professional
Support Costs
Subscriptians & Du8&
Gov•manca
1,463
3.830
1,419
20.368
021
305
6. Net Incornellexpendlturel for tho yeor
Thls Is siate(J atterchaFgintylcreditingl'.
2023
2022
Examin81sfpes
1.027
1.027
7. Staff costs and ¢moluThnts
Totsl staff costsforth8 year end8d 31 DecembtrT 2023wwè".
2023
2022
Salarie8and wages
26,610
2T.448
26.810
27.446
6of9

8ALM OF GILEAD WORLD MINISTRIES TRUST
Notes to the Financial Statements Continued
Forlhe year ended 31 December 2023
SupportSt8ff
. Compara¢iwfor ¢hg Stat8mert of Flnanclol Acllviiies
Thecornparallvè yearvaluas onthe Stat8mént of Finan¢ial AGtivitt88 arefor unrestrfcted fv￿1￿
9. Credltorn.. amounts falllng du• withln on¢ y•ar
2023
2022
Othercredrtors
Accrual$and d&f*rr&d income
3,806
1,027
3.909
4833
10. Movement in lund5
Unrestrithd Funds
Balancèat
Incomlng
Outwlng
ro8oureÉs
Balanceat
3111212023
0110112023
Genetsl
etal
16,779
93,f49
(85,644)
24,284
16.7T9
91149
IBS644)
24284
Unfo8trkt¢d Fund8- Pr*viou5 year
Balanceat
0110112022
Incomlng
Outgoing
sources
Balar￿al
31112r2022
Gen￿1
G8ner81
49,451
111,873
1112,3161
49.008
49,451
111,873
1111,3161
49,OOB
Puwe ot unrestrlctgd F￿d$
G8ngr
Th￿arelundS the management boaTd orleadership can apply atthelrdi8tr8tion butwthinthe objects ofthe
Churd).
7of9

BALM OF GILEAD WORLD MINISTRIES TRUST
Not89 to the Financial Statements Continued
For the year ended 31 December 2023
11. Anatysi5 01 nèt ass•ts ￿{Wo8￿ fvnd8
Net ciJiY&nt N•tAssots
a5S•t*l
UnroÈtrfet4d lund8
Gen8rdl
24,284
24,284
24384
24284
PreviDUS y
N•t¢urr•nt Net Asglts
as5•ts1
labnib￿l
Unrestrl¢led fuM15
Gen￿1
Gon*al
16.779
18,779
16.719
16.779
8ofg

BALM OF GILEAD WORLD MINISTRIES TRUST
Détailed Statement of Financial A¢tivities
For the year ended 31 December 2023
2022
WCOME AND ENDOWMENT
Donatlons and Iwck8
Donations
HMRC GrftAid
81,599
11,YJ8
100,949
10.9)7
92,997
1110r
Bank Int￿5* receivatA8
152
17
152
17
Tolal ificomlng rnsOUft•s
EXPENDITURE
charItsb￿ actlvlties
Rent- Office & Parsonage
Staff costs-wag6s & sal￿1•¥
Conferefjce Exronses
Church Cos
DonationstoJrnb8bwe Churc*
Renl & Lea5es- Pjaces of Worship
Donations- UK
Music ￿(￿n$8
93,149
111,873
118,0001
(26,8101
11.3251
127,7771
127.4M8)
{1,1)841
{1.3901
I13.6(￿)
112,7611
{1,8001
1145}
19.7231
{15,4631
110,3021
SUPPORT COSTS
Bank Gharges
Bank d)8rge$
(8t￿23)
186,0111
13351
11,7351
In$ura
1335)
{1.735)
Insuranc
13361
Other Prolosslonal Support Costs
Other Profgssionat Support Costs
13361
13361
11,4631
13.8301
Subs¢rlptlonB &
Subscripbons & Du89
11,463)
13.B301
14681
1361
In(Ippend¢nt Examinerf5 *9s
Professional & Legal Fees
Otherftnancecosts
11.027}
11,0271
118.9001
1441)
11,419}
120.3681
Total resourGe5 oxpenthd
(85,6441
1112,3161
N•t InGorn•
14431
9ofg
This page does notfom) partolthe st8tut(o fin8ncial statemènts

Charity number. 1115743
BALM OF GILEAD WORLD MINISTRIES TRUST
ReFJOrt ol the Truslees arKI Unaudited Financial S18tements
For the year ended 31 December 2023

BALM OF GILEAD WORLD MINISTRIES TRUST
Contents Page
For the year ended 31 De￿mber 2023
Report of the Ta￿8$
Indgp8nd8nt EXAM￿0￿S Report to the Tru81
ststement of Flnandal Activitses
statement tsf Finan￿￿ Positknn
Not&s to the Fin8neial Statemants
5t08
tletsiled Statement of Fiaanckql A¢twitEs

BALM OF GILEAD WORLD MINISTRIES TRUST
ReF#)rt of the TKustees
For the year ended 31 December 2023
The Trust888 have pleasure in pr8s$nt*ng their r8POrt and the finantial statemènts for th8 L*arity for the year ended 31
December 2023. The Trust￿ have adopted th8 provisions of AGcounfjng and Reportlng by Charities..
Ststgrnent of
Recomrntsnded Pr&thiGe applicable to Gharit+es preparing their accounts ir accordance ￿1th th& Finaft¢ial Rep¢￿Ing Standard
applicable in the UK and the Rewblic of Ireland IFRS 10211offectivo l January 20191.
Please so0 TrustoèAnnual Rgport on Appendlx One.
OBJECTIVES AND ACTMTIES
Obl$ctfvts and almB
The trustees hav8 ¢on5iJ8red th8 Char6ty Commisslon's guidance on Publ￿ bèn6fit, IndudlThJ the gU￿an¢e 'puidic benefit..
runnÈn9 a th8rity IP82}'.
REFERENce AND ADMINISTRATIVE INFORMATION
Name of Ch8Ylty
Charity rggistratlan numbor
Principal adthejs
BALM OF GILEAD WORLD MINISTRIES TRUST
1115743
3 Wilce Avenue
Wettingboyough
Northamptonshirg
NN8 2QL
Thetrustees and offi￿r￿ seNing during th8year and sinc&thg year ondware a5 folltsw8'.
Ms Sidanisilts Nd￿18
Ind•p•ndont •xamlner
EM[na￿ueJ Mènsah FMAAT
Ground Fl(x)rWestOffice 10
Nicholas House, River Fro
Enfield
EN13TF
Approved bythe Board ofTr(￿le08 and &gned on its behalf by
Ms Sidanisile Ndleta- Trust00
7of9

BALM OF GILEAD WORLD MINISTRIES TRUST
Independent Examiners Report to the Trustees
For the year ended 31 December 2023
I raportto the trustees on myexaminètion ofth6 oco)unts of the chatlly forthe y6ar ended 31 December 2023.
Responslbilities and basis of report
As the charity trust8es. you ar8 responsiblo for tho pr8paratk)n of th8 accounts in aLEordance with the r8oulrern8nt8 ol
Charities Act20111'the 2011 Act'l.
I report in r8spec* of my 8x8nwnation of the Gharity's acc*)unts carrfed out under section 145 of the 2011 A¢t and in carrying
out my examination I have followed all th8 applicable Directions given by the Charsty Commi$won under section 14515llbl of
the Act.
Indepondènt •xamlttèrs statement
I have cOm￿ete￿ my exatnin8tion. I thatno motters have cL￿e to my attention in conneC￿n wlth th&exxminafjon
givlng me cau8e to believe that in any rI￿tel￿al respect..
. accounting r8c(xds wor8 not kept (n respe￿ ofthe Charityas requi￿ by s8¢bon 130 ofthe 2011 Actr. or
2. th8ac¢ounts do notaGf0Td￿th those recorits".
3. th8 accounts do not comply wth the applicable reqU1￿M&￿t8 concerning the form and conttrnt of aceounts stt out in Ihe
Charities (Accounts aTTrd Reports) Regu18tKJns 2008 otherthan any requirementthat the accounts give a'lrue and fair vlevl
which is Thot a matter (x>nSIde￿d as part otan independent examination.
I have no con¢erns and have comtr across no other m¥tttr6 in Gonnection with th8 8xamlnation towhich Bttenlon should be
drawn in this rew)rt in order to enable a proper Ltnderstsndino ol the aC￿unts to be reached.
Emman￿1 Mensah FMAAT
Ground Floorwest offi￿ 10
Nicholas House, Rlvw F￿nt
Enr￿Id
EN13TF
Date. a5 Qc4. 202*
2of9

BALM OF GILEAD WORLD MINISTRIES TRUST
Statement of Financial Activrties
For the year ended 31 DeGember 2023
Unr88trlded
lunds
Income and endowments from:
Donalionsand lega￿&S
Investrnents
Totsl
92.997
152
111,856
17
93,149
111073
Expenditure on..
Ch8ritsb19 activ￿$
Totsl
314
185,6441
1112.3161
1112.318)
Net inconWoxpendtture
R￿OnC11[at1QTr of l￿d$
Totalfvnds broughtforwasd
Totsl fund• ￿nIed fr•rward
7.505
14431
16.7T9
49.457
49.008
3of9

BALM OF GILEAD WORLD MINISTRIES TRUST
Statemenl of Financial Position
As at 31 Decembèr 2023
2023
2022
Currgnt aS90ts
Cash 8t bank and in haThJ
28.193
21,612
21,612
14.833}
28,193
13,9)91
Crvdltors.. amounts famlng duo wlthln ono yvar
Net curr•nt Ossets
24,284
16,779
16.779
Total a$sets less ¢urrent Ilablllti¢¥
Net assets
16,7YO
The lunds of th8 ch•rlty
Unrestricted incorne fuTh45
10
24.264
16.779
Totsl funds
16.779
ThefinancAal 8tat8montswerg apwOv￿l and8Uthoii5ed forlssue bythg Board and signed on Its b8half by..
Mssidantsile Ndlela
Trustee
4of9

BALM OF GILEAO WORLD MINISTRIES TRUST
Notes to the Financial Statements
For the year gnded 31 December 2023
1. Ac¢ounting Policies
Basis of accountlng
The finano81 slaternents have been prePa￿d under tho histOTio81 cost convention, except for investmant9 whieh are
InGJuded at ¥narket value and the revalL*iion of certain fixed assets and in accordance wth the Charities SORP (FRS
1021 Accounting and Reporting by Charihès.. Staternenlof Recommend8d Practice applicaue to charities preparitw their
a¢countS in a¢cordancg Wlth the Finandal R¢portitTrg Stanaard appllcable in the UK and Republlc of Ir81and IFRS 1021
lèffeclfvè 1 January20191'. FTnanGial R8POrting Standard 102 the F¥nan¢ial Reporting Stsndard applicabl6 in thg UKand
Republlc of Ir¢laThJ IFRS 1021. and the Charities Act 2011.
BALM OF GILEAD WORLD MINISTRIES TRUST mèets the dèfinthon of a public ￿nefIt gntity under FRS 102. A88&ts
and liabilthe5 are Inillgljy recooytised at historical cost ortransa¢tion value unless otherwise Stated in the TeJ8vant
accounting pclicy notelsl.
Golng
Our Orga￿sa￿.On hasenough fund5 to caryout its day to day activi￿eS forth& next 12 Itwelv81 monlhs and bgyond.
The Church oparatos byfaith. howeverthe leadership also budgets foritsactivltles and aro always 8waTeof thellnancw
challenges fac*é by the mamberthip vtho forni the core source of th8 organ15atlons fundlng.
Ineomln9 r¢BoUr￿8
All inrA)ming tesourcas are Indud8d in th8 st8tem8nt of finandal actlv1ti88 whon th8 Charity is entiued to theincome and
the amount can be qtt8ntifiod w6th rèasonabfg a¢cura¢y. The followng spedfic polioes are applied to particular
categories of incorne..
Resoureosexpeftiled
Liabililr8$are r8cognisad a$ r@S￿r¢e3 exp8nded when the￿ tsa tegal or￿nstrUctive oblig8tK)n COmft￿ttIng th8 Charity to
the expendltur8".
2. Incom• from donatlono and lega¢lo¥
2023
Unre$trictsd fund9
Donatwjns receav
92.997
111,856
91997
111,856
3. costs otcharltable actMt188 by fund typg
2022
Unrestrfc*d fun
Core Church Programmag
Support o)sts
81,623
86.011
4,021
20.305
85,844
112J16
5019

BALM OF GILEAD WORLD MINISTRIES TRUST
Notes lo the Financial Statements Continued
For the year ended 31 December 2023
Costs of ¢harllable aclivitie5 by a¢tivlty ty
A¢tlvitles
undertaken
Support
¢osts
dlredty
9upport Costs
Cor8 Chur¢h Programmes
81.S23
4.021
112,316
5. Anatysls ofsupport costs
2023
Core Chur¢h ProgramrneB
Banktharges
InsLYan
1,735
336
Other Professional
Support Costs
Subscriptians & Du8&
Gov•manca
1,463
3.830
1,419
20.368
021
305
6. Net Incornellexpendlturel for tho yeor
Thls Is siate(J atterchaFgintylcreditingl'.
2023
2022
Examin81sfpes
1.027
1.027
7. Staff costs and ¢moluThnts
Totsl staff costsforth8 year end8d 31 DecembtrT 2023wwè".
2023
2022
Salarie8and wages
26,610
2T.448
26.810
27.446
6of9

8ALM OF GILEAD WORLD MINISTRIES TRUST
Notes to the Financial Statements Continued
Forlhe year ended 31 December 2023
SupportSt8ff
. Compara¢iwfor ¢hg Stat8mert of Flnanclol Acllviiies
Thecornparallvè yearvaluas onthe Stat8mént of Finan¢ial AGtivitt88 arefor unrestrfcted fv￿1￿
9. Credltorn.. amounts falllng du• withln on¢ y•ar
2023
2022
Othercredrtors
Accrual$and d&f*rr&d income
3,806
1,027
3.909
4833
10. Movement in lund5
Unrestrithd Funds
Balancèat
Incomlng
Outwlng
ro8oureÉs
Balanceat
3111212023
0110112023
Genetsl
etal
16,779
93,f49
(85,644)
24,284
16.7T9
91149
IBS644)
24284
Unfo8trkt¢d Fund8- Pr*viou5 year
Balanceat
0110112022
Incomlng
Outgoing
sources
Balar￿al
31112r2022
Gen￿1
G8ner81
49,451
111,873
1112,3161
49.008
49,451
111,873
1111,3161
49,OOB
Puwe ot unrestrlctgd F￿d$
G8ngr
Th￿arelundS the management boaTd orleadership can apply atthelrdi8tr8tion butwthinthe objects ofthe
Churd).
7of9

BALM OF GILEAD WORLD MINISTRIES TRUST
Not89 to the Financial Statements Continued
For the year ended 31 December 2023
11. Anatysi5 01 nèt ass•ts ￿{Wo8￿ fvnd8
Net ciJiY&nt N•tAssots
a5S•t*l
UnroÈtrfet4d lund8
Gen8rdl
24,284
24,284
24384
24284
PreviDUS y
N•t¢urr•nt Net Asglts
as5•ts1
labnib￿l
Unrestrl¢led fuM15
Gen￿1
Gon*al
16.779
18,779
16.719
16.779
8ofg

BALM OF GILEAD WORLD MINISTRIES TRUST
Détailed Statement of Financial A¢tivities
For the year ended 31 December 2023
2022
WCOME AND ENDOWMENT
Donatlons and Iwck8
Donations
HMRC GrftAid
81,599
11,YJ8
100,949
10.9)7
92,997
1110r
Bank Int￿5* receivatA8
152
17
152
17
Tolal ificomlng rnsOUft•s
EXPENDITURE
charItsb￿ actlvlties
Rent- Office & Parsonage
Staff costs-wag6s & sal￿1•¥
Conferefjce Exronses
Church Cos
DonationstoJrnb8bwe Churc*
Renl & Lea5es- Pjaces of Worship
Donations- UK
Music ￿(￿n$8
93,149
111,873
118,0001
(26,8101
11.3251
127,7771
127.4M8)
{1,1)841
{1.3901
I13.6(￿)
112,7611
{1,8001
1145}
19.7231
{15,4631
110,3021
SUPPORT COSTS
Bank Gharges
Bank d)8rge$
(8t￿23)
186,0111
13351
11,7351
In$ura
1335)
{1.735)
Insuranc
13361
Other Prolosslonal Support Costs
Other Profgssionat Support Costs
13361
13361
11,4631
13.8301
Subs¢rlptlonB &
Subscripbons & Du89
11,463)
13.B301
14681
1361
In(Ippend¢nt Examinerf5 *9s
Professional & Legal Fees
Otherftnancecosts
11.027}
11,0271
118.9001
1441)
11,419}
120.3681
Total resourGe5 oxpenthd
(85,6441
1112,3161
N•t InGorn•
14431
9ofg
This page does notfom) partolthe st8tut(o fin8ncial statemènts