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← Balm Of Gilead World Ministries Trust

2024-12-31-accounts

Charity Registration Number . 1115743 BALM OF GILEAD WORLD MINISTRIES TRUST A CHARITABLE UN-INCORPORATFD ASSOCIATION TRUSTLLS, REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2024

BALM OF GILEAD WORLD MINISTRIES TRUST LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Sidanisile Ndlela Rob8on Utete Charlty Number Registered Office 3 WILCE AVENUE WELLINtiBOROU(iH NN8 2QL N¢w Horizons SLrviLes Ltd Vision 25, Innova Park Elcctric Avenue Enlicld EN3 7GD Indepeiideiit Examiner

BALM OF GILEAD WORLD MINISTRIES TRUST CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustecs, Rcport Independcnt Examiner's Rcport 9-10 Statement of Financial Activities Balance Shcet 12 Note8 to the Financial Statements 13- 17

BALM OF GJLEAD WORLD MINISTRIES TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trusleLS prcscnt their annual rcport and financial statcmcnls for thL ycar Lndcd 31 December 2024. End of Year Trustees Report ThL Trustees havL pleasure in prcscnting tliLir repc)rt and the finaiicial statcnicnts for thL cli(irily for lh¢ year 2024. Thu Tru%lLLs hdVL &idoptLd thL pruvi%ioii% ot, ALLouiitinLF iiiid Ileporting by Charities: Statement ot. Recomiiiended l)ractice applicable to cliarities prLPiiriiig> their <lLL()Ullts in ¢tccord<inLe witli the Fiii<iiicial Rcportin&y Staiidard iippIiL(Iblc in tlIL UK and the Republic of Ii'¥laiid (FRS 102) (Lft"LctivL l Janliary 2015). Introduction Thc trLlStccs prL5L'nl tlicir annual rLport and accounts for thc ycar 2024. Tlie chiirch h(l.% eni)ubyh fLiiid.4 to cover Lincrg7LIILCS or unlorc%cLn dirriLiiltie% for 6 moiith%. Thc8L tunds arc hL'dg7L'd 50 thal tIiLy arL not LISLd lip. All B2( Im i)f" CyilLad MinistriL.% t'unds Lomc from its IncinbLrs (ind Gift Aid. Thc Churcli fiiiaiiLes flucliiale troin tiine to liiiic Iiowcver whLii Ihc t'itnd% ¢ll'C low thc church mcmbLrs givc to supp()rt thL work nLLd arisc.g. For tlIL activitiLs that ar¢ LonduLtLd durin the courge of the year, the individual.% who attend %pon%or Ihein%elve%. Tlie only aLtivily that iliL LliurLlI l unds L()ver is ilie rn<iin Annu(Il ConlcrenLe and mosl ol'ilie timLs, monLy contribulLd by ilic LhurLh mcnibLrs LovLr ihc LXPLllsLS of ihc Church ConfL'rcnccs. The b()ard of tru8tecs is sati%ficd with the perlorinancc ot" Ihc Lhurch duringy Ihe year and Lon%idcr tliat thL chiirch is in a good position to Lonliniic itg dclivitics duringT ihL Loming yLar and that the church's assets are adequate to fulfil its oblibFations. Things to Note in 2024 High Wycombe Branch The church has gyrown in numbcr duc to cvang7clism aclivilics Northainpton Brancli -numbcpi Stable

evangclism cfforts continuc South-end Branch -evangelism dCtivitie.s continue in order to grow the church the change their venue for their church services as their previous church building was sold Romford Branch church growth stable evangLlisin contiiiues Main Annual Church Activities Wc had a suLccssfiil Lhurch LonfLrLnLc iii May, yoiith Lamp in Jiily, ladics confcrcncL in September, men's contereiice and international day in Novcmber. Pastors missionary trip to Ziiiib(Ibwe 3 timLs a yLar Zoom prayer meetings continue bcinLF held .1times a week. Church in Zimbabwe Ma.IvinRo Branch -thc church is doiiig) wcll and &vrowin8 in iiunibci's Zhilo Branch -church is gyrowing aiid iq doing wcll Bulawayo City Centre Braneh -doing well and 18 growing. -got a .8tand for construction of the church building -the senior Pastors &70 rcgularly to church on how the church is going. Bulawayo Emgonwini Branch -church branch is now combincd with the City Centrc branch and transport is provided

Other Changes Grace Petula Habbersliaw and Mcrica Cox are responsibl¢ for Safegu<wding policies and measures. The church contributcs £700 towards Pastor Jocl Cox and family rcnt. ThL house is bcinL% uscd for IcadLrship mcctingis. youth mcctin&FS and biblc studics as WL do not have a church office or buildingy of our own. The chui'ch Lontinues to support the church in Zimbabwe. The amount of money sent to support the Lhurch in ZimbabwL can vary as need changes. Name and registered offiee and constitutioi) of tIiL' Church: Thc full nanic of thc Church is Biilm of CJilcad Worlcl MinistriLs Trusl Objectives and Activities of the Church A summary of the objectivcs ol.the churLh %el uut in its gioverninLi doL'umenl. Public bcnLfits that is providcd by thc church: To <ldvllncL' tlic Christicin faith (iii accordancc with tlic ,statcniciit of bclicf.s) iii sucli way% aiid in suLlI parts i)f thL UnitLd Kingdom or the World as tIiL trustLLs froIii timLA to tiine may tliink fit. To relievc sickness and financial hai'dship and to proinolc and preserve Llood health by the provision of funds, gyoods or scrvicLs ot. any kind, includingF througvli thc provision of ounsellingy and support in such parts of the United Kingdom or the World as the Trustees from liine to tim¥ niay think lit. And to adv<1nce cducalion in such way aiid in such parts ofthe United Kingdom or the World as tlie Trustces troiii timc to tiinc iiiay tliiiik lit. Main Church Activities Planned for 2025 LadiLs Annual Conference IC)_22 Scptembcr Man Annual Confcrcncc-2-3 May Youlh Confereiice-25-27 July Man's Annual Coiifercnce - 7-9 Noveiiiber Thaiik8giviiig Service -23 Noveniber

Missionary Trip to the USA 6 -15 Octobcr Pastor Mission£￿ trip to Zimbdbwe 2 times a year The other activities will continue as usual Availability and Adequacy of Assets of each of thc Funds The board of trustLLS IS SatisfiLd that the Lhurch's assets in each fund are available and adequate to fulfil itti obli&i<ltions in respect of eaLh fund. The church trustccs rcscrvc thc right to changc any of thc laid down expcnses as it L¥cts biggcr and its needs changye. Financial Statements Thc financial statcmLnts havc bLL'n prLparcd in accordancL with ihL StatL'niLnt rccommLndccl practicc tor accountiiig and rcporling by charities issucd by the cliurcli coinmissioii ot Enbyland and Walcs. As statLd in the inlroduction to this report, the Truèytces consider the financial performance by the church during the year to have been 8atist'actory. Thc nieinbers ot" the board of Trustees ot the Church duringy tlie year ended 31 stDecember 2023 were Miss Siddnisile Ndlela and Mr Rob4on Utele. BALM OFGILLAD WORLD MINISTRIES TRUST Repori ofiiie Trusiee8 Coi)lii)ued OBJECTIVESAND ACTIVITIES ObjcLtives and aims The trusteLS havc considcred the Charity Commission's guidance on public benefit, iiicludiiig tlic guidaiice 'public bciiefit: 11]iiiiiiig a cl)ai'ity (PB2)'. REFERFNCE AND ADMINISTRATIVE INFORMATION: BALM OF GILEAD WORLD MINISTRIES TRUST Charity registralion number 1115743 PrinLipal addre.s.s 3 Wilce Avenue WellingFborough, Northamptonshire NN8 2QL

Trustees The truste¢b ￿]d officers servingl during thL yciir and since the year cnd were as followi> Miss Sidanisilc Ndlcla Mr Robson Utete Independent Lxaminer Emmanuel Mensah FMAAT MBA (Bus Finance) Vision 25 Innova Park EILcti'ic AVLIIUC Enficld f.N3 7GD This report was <ipproved by the trustee,s and sigrned 011 it.s bchalf by: Sidanisile Ndlela Trustee Datc: Lilad'l

BALM OF GILEAD WORLD MINISTRIES TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examiner's Report to the Trustees of BALM OF GILEAD WORLD MINISTRIES TRUST. I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 st Dccembcr 2024 which consists of the Statemcnt of Financial Activities, Balance Shcet and the related note. Rctsponsibilitics and basis of rcport As the charity's tnistce% you are respon8iblc for the preparation of the accounts in accordanLe with the requirements of thL Charities Act 2011 ('the ALt') report in rcSPL'Ct of my cxarnination of thc charity's accounts carricd out undcr scction 145 of thc Act and in carrying out my examinalion I have lollowed all ihc appliLable Directions given by the Cliarity Commission undcr SCLtiun 145(5){b) ofihc Act. Indcpcnd¢ni Ex¢imincr's StatLmLnl The chdrity'4 giro%% incnme does nc)t exLccdcd £25Q,000, l am qucilified to undertake the examination by being a qualificd and Fellow mcmb¢r ot'thc Associdtion of AccountingT Technicians. I havc complLtLd my LX(Imination. I confim) that no malcrial mattcrs h(IvL comc to my attLntion in connection with the examination which gives me cau8c to bclieve that in, any material respecl: l . the accoiintingi records were not kept in accordance with seLtion 130 of the Chai"ities Act; or 2. the dLLOUllts did iiot dcLord with the dLLountingy recoi'd.4' or 3. the accounts did not comply with the applicablc requirements conLerning thc forni and content of accouiit% set out iii the Charitics (Account% and Report%) Regulation% 2008 other than any requirement that the accounts L)ive a 'tnie and fair. view which is not a mattcr considered as part ol an independent examination. 4. 1 h<iVL no LuncLrns and havL Lomc dLro8.s no oihcr mallcrs in connLclion wilh thL examination to which attention should be drawn in this report in ordcr to enable a proper understanding ot" the accounts to be reached.

Emmanucl Mensah FMAAT Vi%ion 25 Innova Park Electric Avenue Enficld EN3 7CJD Datc: 2511112025 10

BALM OF GILEAD WORLD MINISTRIES TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Total Funds 2024 Total Funds 2023 Recommended categories by activity Unrestricted t'unds Notes Income and endoivmcnts from: Doncltions and legacies 108,188 108,188 92,997 Investments 335 335 152 Total 108,52.1 108,523 93,149 Expenditure on: Charit4ible activitiLs 98,086 98,086 85,253 Olher 2.801 2,801 392 Total 100,887 100,887 Net incomL' 7,636 7,504 Net movement in funds 7,636 7,636 7,504 Reconciliation of funds: Total funds brought forward 25,311 25,311 17,80() Total funds carried forward 32,947 32,947 25,310 11

BALM OF GILEAD WORLD MINISTRIES TRUST BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 Total Total Unrcstricted Funds Funds funds 2024 2023 RL'commended cthtegorles by activity Notes Currcnl asscts Casli at bank aiid in hand 39,805 39,805 1,606 38.199 39,805 28.194 39,805 28,194 1.606 2,882 38,199 25,312 Total current assets Creditors: amounts fdllingF due within one year Net current assetsl(liabilities) Total iiet asseis 38,199 38,199 25,312 Fund8 of the Charity Unrestrictcd fiinds 32,947 32,947 25,3111 Rcstrictcd incoinL funds EndowmLnt funds Total funds 2,94 2,94 5,31 Tlic financial statLmint8 wcrc approved by thL' trustees on 19 NovLinbLr 2025 dnd SigFned on its behalf by: Sidanisile Iydlela Trustee Date: Iwl 11116 IJ

BALM OF GILEAD WORLD MINISTRIES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 l. Accounting Polieies The prinLipal acLounting policics adopled by thc Charily, which is a public bcncfit cntity, in the prepai'ation of the accounts are as follows. 1.1 Basis of preparation These accounts have been prepared under the historical cost convention, as modified by the iiiLlu%ion of Lharitablc properlie4 aiid Iixcd ds%et ii)vestniciitS dnd inve%lmci)t propertics at valuation. Thcsc a¢Lounts havc bcLn prcparLd in aLcordanLL with "AcLounting and Rcportingi by Charities.. Stiiiement ot" Kecommendcd l)raclicc applicable to cliarilics prcpariiig tlieir accounts in accordanLL wilh thc FiiiaiiLial RcportinLF Standard applicablc in ihc UK and RcpubliL ol. Ircland {FRS 102)" (ellcLtivc l January 2019) (Chiirilics SORP (FRS 102)), IhL' Fin(Incial RLpoitingv Slandard appliLablc in ihc UK and R¥public of IrLland (FRS 102) diid thL' Charitics AL't 2011. Thcsc accounls are presenlcd in pound8 8lcrling and rounded i() Ihe nearcst pound. 1.2 Going concern Thc Trustccs havL' prcparcd finanLi(Il projcctionb, laking¥ into considLrdtion thc currLnt ecoiiomiL Londitions and have, at tlie timc ot approvinLi thcse accounts, a reasonablc xpcctc?tion th¢Trt thL chic rity ha% adLquatc rcsourcLS to coiitinuc in opcrational cxi%tL'ncL for thL for¥seiablL future. Thus thcy Lontinue to adopt the goin&y conLLrn basis of accoiintin in prcpcirinLi thL dccoiints. 1.3 Income from donations or grants Incoinc froin donations 1.4 recogni%ed wheii the charity is entitled lo the fund%, thc receipi is probablL aiid thc amount can bc mcasurcd rLliably. For donations, this is U¥ually on I'lccipt. For gyranls, this is usually when a fomial o'er is made in writing. If a donation or grant contains tcrnis and conditions outsidc of thL charity s Lontrol which niust bc mLi bLforL Ihc charity is LntitlLd to tho fuiids, or it thL donor specifies that the t.unds must be used in futur time pcriods, then ihe income it deferred. 1.4 Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid dLLlaration from the donor. Any Gitl Aid amount recovcr¢d oli a doiiation is considLrLd to bL pait uf thal gyifl aiid is treatLd as an addition to the same fund as the initial donation unless thc donor or tlie terms of" thc appcal havc SPLcificd othcrwisG.

1.5 Income from charitable activities Income from charitable activities is recognised over the period to which the income relates. Conccrt fees (Ire recogrnised ilt ihe date ot" the event. Member.4hip fees al'e recogiii%Ld over thc pcriod of the membership. RLnt is reLognised over the period to which it relates. Any amounts relating to future period8 ¢ire deterred. 1.6 Kxpenditure Expenditurc is rLcognised when a present legal or constructive obligation exists at the balancc shLCt d(ItL as a rcsult of a past cvcnt, it is probablL thal a IransfLr of LLonomic bcnefitg will bc requirLd to settlc thc obligyation. and the amount can be Lstimated reliably. It inclusive of VAT which caiinot bL rccovLrLd. Direct co%l% dre tho.se co.%t% which dircLtIy (Iltribute to ils ilCtivitie%. WagFe% cind èialiiries are ¢illoLatLd t() direct Losts bascd on an LstimatL of time spcnt on charit¢iblL (IclivitiLs by staff Ineiiibers. Support c()%ls inLlude stall'co%t% and arc ihc)%e which do not producc (i dirLLI uulput, Siaff Losts I'Llalc to %PLLifiL aLlivitiL% and ihis is rLflLLtLd in ihL allocation of payroll Loslb based on ihc pcrLcntagyc ol. tiine spenl. All co8t8, including govcrnance cost8. are allocatcd bctwccn thc expendilure cate&Torics or thL Lharity on a basis dL'%igFnLd lo rLIILLI LhL USL of thL rLbuurLL. Costs rclatingF to a partiLul(ir aLtivity arc chargcd directly: olhers are apportioncd on an appropriatc ba.sis. Support costs and ()vcrheads have bcLn L£ilLu141tLd by allocatinLV Staff timL' to the level ot" involvement in the various activities of the Charity. 1.7 Taxation Thc orgianisation is a regvistered L'harity and has no liability to inLome tax or corporation tax on its Lharit<ibl¢ (iLlivitic% duringy thc year. Valuc addLd lax is accountcd for on an accruals bayis. 1.8 Fund accounting Unrestricted funds are ihose funds wliich are available for use ai ihe disLI'elion of the Ti'ustcL's in furthLranLL of thc &ycncral objcclivLs ofihL charity and which havc noi bcLn desigTnated t.or othcr purpose5. KestrictLd funds arc funds which are to bL u%ed in accordance with specific restrictions imposed by donons or which have beLn r<iised by the Lh¢irity for particuliir purposeb. 14

  1. Income from Donations and Legacies Analysis Unrestricted funds Total funds 2024 Total funds 2023 Donation and gifts Gift Aid 81.599 95,931 95,931 12,257 108,188 12,257 108,188 11,398 92,997 Total
  2. Income from Investments Analysis Unrestricted funds Total funds 2024 Total funds 2023 Intcrcst income 335 335 152 Total 335 335 152
  3. Expenditure on Charitable Activities Total funds 2024 Total fund4 2023 Analysis Interest payable Charity mana&ycment & adinini%lraLion Charity running cost Cost ot services Donationb Printing and 8tationery LL'bwiillprofLssiun(Il fLLs Wagcs and salaries Total Support Costs 750 335 1,128 804 2,535 60,133 2,800 819 2,489 26,405 97,059 1,027 98,086 44,510 10,304 410 1.463 26,400 84,226 1,0?7 85,253

  4. Support Costs Total funds 2024 Total funds 2023 Analysis Support Costs Governance Costs Indcpeiident exaininers fees 1,027 1,027 1,027 1,027 15

  5. Other Expenditure Unrestricted funds Total funds 2024 Total funds 2U23 Analysis Other ExpcnditurL Total 392 2,801 2,801 2,801 2,801 392

  6. Cash at bank and in hand Total funds 2024 Total funds 2023 Short tcrni deposits Cash at bank and in hand 25,809 2,385 28,194 3,457 39,805 Total
  7. Creditors: Amounts falling due within one year Total funds 2024 Total funds 2023 Accruals aiid dcfcrrcd inLoiiic Taxalion and SOLial sLciirily Total 1,027 579 2,8142 2,882 1,606
  8. Charity funds 9.1 Details of material funds held and movements during the CURRENT reporting period Fund balances brought fonvard Fund Gains and balanccs losses carried forward Fund names Incomc Expenditure Transfcrs Unrestricted funds 25,311 108,523 100,887 32,946 Total 25,311 J08,523 100,887 32,946

9.2 Details of material funds held and movements during the PREVIOUS reporting period Fund balances brought forward Fund Gains and balances losses carried forward Fund names Income Expenditure Transfers Unrestricted funds 17,806 93,149 85,644 25,311 Total 17,806 93,149 85,644 25,311