Company registration nUrnb￿.. 07559179
Charity registration numb¢r: 1144658
Xtend Global
(A company litDited by guarnitee)
Annual Report and Financia] Ststernents
for the YearEnded 31 December 2023
•ID8GIN?S*
1210912024
COMPANIES HOUSE
A19
W242
HODSON & CO
Wiston House
I Wiston Avenue
Worthing
West Sussex
BN14 7QL

Xtend Global
Contents
Reference and Admini5trativc tktails
Trnstees, Report
2to5
Statcment of Trustees. RespMsibilities
Independent Auditor's Report
7t09
StaterneTrt of FiTMLrial ActivitLCS
Ioto 11
Balance Sbtti
12
StatemtTht of C&sh Flows
13
Notes to the Financial Sta¢emeuts
14to30

Xtend Global
RefereDce aDd Administrdtive Detsils
Trnstees
M G Billage
C Keung
H Wolmarans
P D Sharp
J E Rowlands
W A Joncs
A Yohn
Secretary
N R Leduc
Charity Registr*tion Plumber
1144658
Company Regi$tr*tion Numbtr
07559179
The ¢h¥tty is incorpcrf*d in England and Wates.
Registered oifice
51-63 St DunstsTh5 Road
Worthing
Wesi Sussex
BN13
Auditor
HODSON & CO
Wiston House
I Wiston Avenue
Wtsrthing
Wesi Sussex
BN14 7QL
Pag¢ I

Xtend Global
Trustees, Report
The tni<teeE who are direclorg for the piiw.e< of cornpanv law, preynl the anniial re￿rt tO(Fether with the financial
statements and audilors. report of the charitable company for the year ended 31 tkcember 2023.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Ttustee5'.
M G Billage
C Keung (resign￿1 13 May 2023. reappointed I l May 2024)
H Wolrnarans
P D Sharp
J E Rowlands
W A Jones
A Yohn (apwinted 2 December 2023)
Secretary:
N R Leduc
Strueture, govern8n¢e 2nd management
Naiure oJgoverning documeAr
The company's activities are regulated by the Articles of AS￿latiOn. adopted at incorporation on l O Monh 2011 and
modified in April 2015 and April 2018. The objects of the company are:
a) To advance the Christian faith among those with the least opporDJnity to Ee 5upponed loca]ly by the Christian
community. particularly through use of electronic media and other remote or peripateiic means. in accordan¢e with the
Statetnent of Faith from time to time adopted by Pl0￿er$ Inlemationai.
b) To advan¢e Christian education and trainirEg of those with the least OP[￿unIty to receive such education and
training through a local Chrisiian community.
c) To relieve need hardship sickness or poverty atnong those peoples with tk least opportunity to be supy)rted by a
local Christian community.
d) To promote the elTiciency and effectiveness of charities and their workers by the pmvision of secure inf0m￿Lon
t¢chnolo&v services to such charities
Recruitmeni and appointment oftrwiees
The above named have served throughout ihe period. except where otherwise stated. The director5 of the company are
also the ffiistees for th¢ Charitsble activilies of Xiend Global.
Induction and trainEng of tr￿1&￿5
New Dire¢tors {Tw&e¢s) may b¢ appointed during theyearby the Board of Trustees. Each Tr￿St¢¢/DlrCcl0r is appoinled
for a peri(d of four yeaTS and may be reappointed for a further four-year iem, after which time helshe is required to
stand down for at leay one year before reappointment. In exceptional circumsiances, the board may re-elect a trustee
for more than iwo teTtns. The Dire¢ioTS (Trustees) are the ￿)lY Tnern￿r5 of the charitable ¢oMp8￿y. Induction and
training of Dire¢tors is undertaken by the distribution and explanaiion of the company's foundational documents
(Articles of Association) and Chariry Commission Companies House guidance (e.g. CC3 - The Essential TnL%tee:
What you need to know).
Page 2

Xtend Gk)bal
Trnstees. Report
Arrangemepts5for selting key Map￿geMent￿rso￿nel reInW￿raft0n
In 2023, the Board of Directors (Trustees) together wilh ihe Executive Director of Xiend Globa] comprised the key
manartement personnel of the charity in char
of directin• and Controllin￿ runninft and O￿Tatin￿ the charityi on a da},
to day bLSiS. No tntstees are paid gJKI details of trustees. expenses are shown in note 12 to the accounts.
In liDe wrth the policy of PioneeTS International. senior staff. as with rnost of the staff within Xtend Global. are
expected io raise the iotal cosi of their employmeni ihrough individual fundrdi5ing efforts in partnership with anoiher
chariry within the Pioneers Intern￿lonal movemeni.
OrgoKisdiionol Sfr74ch￿t
Xtend Global operates as part of the worldwide mission movement known as Pl0￿er$ Iniemational. relating as one
part of its Middle E&st region. The Pioneers Regional leader for the Middle East region is a m¢m￿r of the Board of
Xiend Global.
With input from the Board of Dtreciors (Trustees). the Regional Leader aptrt)iTrts and appraise5 the Executive Director
of Xiend Global. The Exe¢ulive Dire¢ior of Xtend Global oversees the administraiion of the company as a whole. Th¢
Executive Director of Xtend Globa] appoints and apprnise5 his team of opetationai directots. in consultstion with
the Board.
Objeclives and activilies
Object5 andoims
The registered objects of the company are￿ated above uThlerGoverning Instrumeffl. The mainactivities ofthe company
have been to communicate the Christian faith through media and the training of chur¢h leaders.
Public benefit
Advancing the Christian Faith:
To advance the Christian faith throughout the Arab world and elsewherq the charity has ¢ontinued to work
cooperatively with PioneeTS Intemational (globally) and with the Church across the Middle East and North Africa
region5 and elSeW￿re. The Church across the Arab world and in other ar￿ h&s been encouraged in its witness and
service of the wider community. sustained and supported despite facing mistr￿4( iniolerance. and persecution in many
Contexts. Believers in rural B￿aS or Closed home5 have been sustsined in their faith through online discipleship and
where possible, linked with other believers for encouragement. Though many ait isolated or facing other challenge&
the Body is heartened with boldness to serve a￿d wisdom to witness.
Utilising the internel, Media communiGalions have expressed a p)5itive understanding of the Christian faith and
respect for other beliefs in a setting where TnisconceptiOTLS and suspicions overwhelm.
Increased spending on advenising has i*en su¢¢essful in leading to more oniine engagernents with'qualified"
contscts. Adding new innovative means of outreach (e.g. poety evenis) has proven effective.
The Media to Movements team continues to train and equip a growing number of field ieaJns in rnulliple locations
around the world in both pre and post launch oftheir own social media iniliatives to communicate the Gospel.
Advancing Christian education and training..
The charity has developed and promoted the use of a phone and web app which has been well received by Students being
trained. The creation and distrtbution of animations of testimonies of fomier and current students ha5 also been well
received and these recordings are ixing dubbed into multiple languages.
Expanding Learning Opportunities for Ora] Comrnunicators..
Additionally> the expanded reach of our ornlity materials and trainings have increased access to Christian teaching and
trainin& including written source& and also helFed empower ordl communicators ihrnugh su¢cessful leanllng
experiences.
Page 3

Xtend Global
Trnstees, Report
The trusiees ¢onfirnied that ihey have complied with the requirements of section 17 of the Charittes Act 2011 to have
due regard ￿ the public benefit guidance published by the Charity Commission for England and Wale5.
The trustees have had Tenard to the Ch￿lty CoTnrnission'5 truidance. includinn that on'charities Workin-
Intemaiionally-. the general publi¢ knefit guidance'charilies and Public Benefit". and the supplementary guidance
ntained in"The Advancement of R¢ligion for the Public Benefit"
Achievements and performattee
In 2023, Arab World Media's online and Social ministy sustained its reach and effectiveness in most areas. Our
website content attrdcted 3.2 million clicks on ads and visits to our Ardbic language website. 19.395 individuals were
in active contact with one or other of our responders. The Bible wa5 downloaded 14.133 times.
Media to Movements continues io develop new parth¢rships with indig¢nous-led ne￿orkS of like-minded people who
are using media for Church planting. Since 2020. more than 70 field teams have been coached in media strategies for
¢hur¢h planting.
At the end of 2023, the combined n4mber of individuals belngtraiT￿d by PALM was in ex¢e5s of g)0. although precise
figures are nol avwlable. given the autonomou5 r￿l￿re of the groups.
FiDaDeial revi
The company received a totsl in¢ome of £2.683.840 (2022: £2.529.986) with a wtai expendiiure of £2,920.917 (2022:
£2,584.278).
Unresiricted (General) Funds deGr￿Sed from £454.088 to £301.616 after transfer of a £290,000 grdnt to the restricted
fund for Media to Movemenis. Designated Funds increased from £2,429.757 to £2,478,946 after a gain on invesbnents
of £152,084, grdnts paid totalling £67,742 and depreciaiion cost of £59,763. Total Restricted Funds. which include the
eat majority of the charity's income and expenditure. increased from £486,044 to a year-end position of £504,334.
after receipt of the £290.000 grants from the Unrestricied (General) Fund to the Media to Movements Fund.
Expenditure has been allocated to the appropria* hewjing by rtference to internal guideline5 of the company and on a
reasonable and consistent basis.
Reservespoliey, posilion andwospects
The trustees have establashed a prudent Reserves ￿lICY. focused on liquidity to ensure the steady continuity and
development of operations.
l. Each operational area (AWM, PALM, Mfm Restricted Funds) will hold a year<rvJ reserve in its Core Fund.
sufficient to meet that Ope￿i0n,S need of liquidity to cover any forecast r￿gatIVe cash flow through the coming
2. The XG Genera] Fund will maintain a year*nd bal8￿ce of Ixtween two and four months. expenditure of the
overall budget (nei of advance fijnding received). This is to cover the uncertainty of donation income and back up
any of the Restricted Fund Core Fund balances which do not have a sufficient liquidiry reserve.
At the year-end. the clwity held General reserves of £301.616. which is 1.6 month5 of 2024 budgeted
expenditure (net of designated and restricted income received in advance). This is jLtst below the policy target range
of 2 to 4 months. It is expected that these General Fund reserve5 may increase in 2024 by around £150,000, due to the
more ¢omplete reallocation of operational costs to restricied funds since 2023. This should result in a level of General
Fund reserves at December 2024 between 2 and 3 months of budgeted expenditure, within the policy iarget range. Et
is tiot expected that the exceptional grdnl of £290,000 from the GerRra] Fund to ihe restricted Media io Movements
Fund will need to be repeated in 2024. Substaniiai attention is being give￿ and effort made, to match the fundraising
for Media to Movements more closely to its operational budgeL including all shared 0￿ratIOnal wsts.
Pagc 4

Xiend Global
Trustees. Report
Plans for future periods
Aims and key objeciivesforfviurépeTiod¥
In 2024, we will engage in a year-long programm¢ to create new digitsl strategies for dee￿r engagement with seekers
acros5 the .4rdb World iyhile also equippinrr neiii belieiErs to help theyn ￿0}1, in their faith. We expect a nTeater level of
depth of contact with users Is well as developing nLfDJringjoumeys with those who are at the beginning of their spiritual
journey.
We inEnd to expand PALM and Media to Movements. reach while continuing our commitmeni to the Arnb World. We
plan to hold more training schools, in-peTson and ViTtua]ly. as well as launch several translation projects of Or￿lty and
training materials at various levels in s¢v¢ral new languages.
Going toncern
The charity has reviewed its financial perfomiance and general reserves position. The charity has adequate fin8nciai
reSou￿eS and is able to Tnanage its busine55 risks. The charity's planning process has tsken into considerdtion the ¢UTrent
economic climate and its w)tential impact on the various sources of income and planned expenditure.
Taking into account all factors. the charity has Teasc*)abl¢ expectation that it has wjequate resources to continue in
operational existence for the foreseeable furureand believes thw there are no material urKertainties that catl into question
the charity's ability to continue in operation.
Risk mallagement
The trustees have considered the rnaior risks to which the charitable company is expwd and systems or procedures
have been established io manage those risks.
Dis¢losure of illfomation to auditor
Each irustee has tsken steps that they ought to have tsken as a trustee in order to make themselves aware of any relevaJ)t
audit inforn)aiion and to establish lh￿ the charity's auditor is aware of that infornjation. The trusiees confirni that there
l5 no relevant infomiation ihat they know of and of which they know ihe audiior is unaware.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Cornpanies Act 2(M)6.
I report was approved by the trustees of the charity on ..
and signed on its behalf by:
H Wolmarans
Tn]stee
Page 5

Xtend Global
Statement of Trnstees. Res￿nsIbl11tles
The tniqtee£ (who are also ihe direclors of Xiend Global for the PLirpow of COTnPMllV law) are
responsible for preparing the tn]stees' repon and the financial S￿eMentS in accordance with applicable
law and Uniied Kingdotn Accounting Standards (United Kingdom Ger￿rallY Accepted Accounting
Praeti¢e), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland".
Company law requires the tr￿Siee9 to prep¥e financial swements for each financial year. Under
company law the ttustees musl not approve the financial statements unless they are satisfied that ihey
give a true and fair view of the stste of affai￿ of the charitable company and of the incoming resources
and application of resources, including its income and ex￿ndItUre, of the charitable company for that
period. In preparing ihese financial staieTnent% the trusiees are required to..
select suitable a¢¢ounling policies and apply them Consi￿t￿ly*
ob5erv¢ the methods and principles in the Charities SOI4P.
ake judgements and estim￿e$ thai are re&%onable and prudent"
stste whether applicable accounting Stsndards. ¢omprising FRS 102 have teen follow￿ subject io
any mai¢rial departures disclosed and explained in th¢ financial statements" and
P￿pare the financiat st￿eMentS on the going ¢on¢ern basis unless it is inappropriate to presume that
the ¢haritable company will continue in b￿sine>s.
The trustees are responsible for keeping proper a¢counting records that can dis¢105e With reasonable
accuracy at any time the financial tM)sition of ihe charitable company and enable theln to ensure thai the
financial statements comply Ivith the Companie5 Act 2006. They are also responsible for safeguarding
the ￿Sets of the charitsble company and hence for taking re&sonable steps for the prevention and
detection of fraud and other I￿¢gu]aritieS.
The trustees aTe responsible for the maintenance and integrity ofthe corporate and financial information
included on th¢ charitable company's websile. Legislation goveming the preparation and dissemination
of fin0s￿la1 stat¢m¢nts may differ from l¢gislaiion in other jurisdictiorLS.
Approved by the trustees of the ctwity on ..
and Si￿ed on its behalf by:
H Wolmarans
TnJste¢
Page 6

Xtend Global
Independeni Auditor's Report to the Members of Xtend Global
Opinio
We have audited the financial sialements of Xtend Global (the charity) for the year ended 31 De¢ember 2023.
which comprise the Statement of Financial Activiiies, Balance SheeL Ststement of Cash Flows. and Notes io the
Financial Statements, including a summary of signifieant accounting rKTrlicies. The fin8n¢ia] r¢Fx)rting framework
that h&5 been applied in their preparation is United Kingdom Accouttting Standards, comprisuig Charitte5 SOR
FRS 102 The Firwicial ReFdJrting Standard appltcable in the UK and Republic of Ireland. and applicable law
(United Kingdorn Generally Accepted Accounting Practice).
In ouropinÈon the financial 5tstements=
giv¢ a true and fair view of the state of the ehariry's affairs ¥ at 31 Drfember 2023 and of its in¢oming
resources and application of resource4 including its income and expenditwe, for the year ¢heD ended,.
bave been prO￿rIY prep￿￿ in accordance with United Kingdom Geoerally Accep*d A¢¢ountin8 Pwu¢¢'
have been prepattd in a¢¢ordance with the requweJn¢nts of the Compani¢5 A¢t 2006.
Basis for opiNion
We conducted our audit in aco)rdance with International Standards OTh Auditing (UK) (ISAS (UK)) and appltcable
law. Our respon5ibilittes under those 5tandard5 are fijrther described in the auditor responsibilities for the alldii of
the financill staternents section of our re￿rt. We are independent of ihe charity in accordance with the ethical
requirements that are relevant to our audit of the fLn&)cial ststements in the UK, including the FRC'S Eihi¢al
Stsndard, and we have fulfilled our other ethical respon5ibilizie5 in accordanee with these rtquirernents. We
believe that the audit evidence we have obtained is sutTLcieni and appropriat¢ w provide a basis forouropinion.
ConclusioDS relating to going concern
In auditing th¢ fJnan¢ial sta¢m¢nts. w¢ hav¢ concluded the I￿£¢S use of the going concern b&sis of
Ac¢our¥ling in lh¢ preparfion of the fMan¢]￿ is apP￿priat.
Basrd on the work we have perfornied, we have not id¢vtifi&l any ￿8¢cr1d1 uDcertaintL¢5 relating to events or
¢ondÈtions that, iodividually or ¢olleeiiv¢ly. may ¢a# significant doubl on the chaTity'S ability to continue as a
going cone¢m for a period of at leasi ￿¢[¥¢ months from when the original f￿8￿¢1a1 St￿eMentS were auth0ri5ed
for issue.
OUT responsibilities and thc rr5wnsibili¢ies of the trustees with respect to going c4)ncern are described in the
relevant Sections of this rrport.
ber inftsrniatton
The trustees art resp)nsible forth¢ other informatTron. The other Info￿atIOn comprises the infonnation included
in the annual reporL other than the finan¢ia] statements and our auditor's report theTeon. Our opinion on the
financial ststernents does not cov¢r the other infomi*ion an4 ¢x¢epr ￿ the t￿eThI othThise explicitly s18ted Én
our report. we do not express any fonn of assurnn¢e ¢on¢lusion thereon.
In connection with our audst of the financiaE 5tatemenW our Te5ponsibility is to read the other infonnation aThd, in
doin8 so. consider whether the other information is materially inconsistent with the financial ststements or our
knowkd8e obthined In the audit or otheTrvist 4ypears to be Tnaterially misstated. If we identify sllch ThateTial
inconsistencies or apparenl material rnisststeTnents. we are required to determine whether there is a material
mi5Statcmeni in the financial statements or a rnatcrial misstatement of the other info￿atIon. If, b￿d (pn the work
we have perfomjed. we conclude thai thert is a ma*rial misstatemcnt of this other infonnation, we art required
to report ihat fa¢t.
We have J)othing to report in this ttgard.
Page 7

Xtend Global
Independent Auditor's Report to the Members of XteDd Global
Opinion OD Otber matter prescribed by the Comp3Dies Art 2fjO6
In our opinion. based on the WO￿ undertaken in the ¢OUTse of the audit:
the infonnation given in the Tru5tees' Re￿rt for the finarKial ye4r for which the fiThancial statements are
prepared is consisteni with the ftnancial statements. and
the Tru5tees' Re￿rt has been prepared in accordance with applicable legal r4Ul￿mefjts.
Matters on which we are required to report by exceptiOD
In the light of our knowlcd8e and understanding of the charity and its environrnent obtstned in the course of the
audiL we have not ideniified material misststements in the TNstees' Re]x)rt.
W¢ have nothing to ￿port in Tespwi ofthe following m2ryers where the Companies Act 2(1)6 requirts us to report
to you if, in our opinton:
adequate ac￿U￿ting r¢cords have not been kepL or reiurn5 adwuatc forouraudit have not been received from
branch¢s not V15ltcd by u5- or
the f￿ancIal statements are not in 38reemeni with the accountin8 records and rettLrnS' or
certain disclosures of ￿Ste¢S remun¢raEion specifftd by law 8ff r￿t m•Je" or
we have not re¢eiv¢d all the inf0m￿loll and explanations we requirt forour audiL
Rtsponsibiliti￿ of trustee5
As explained mor¢ fvlly in the $￿ement of Trysie¢s' Responsibilities (set oui on page O. the trustees are
responsible for the preparation of the finaneia] stskmenLS and for being satisfied that they give a true and fair
view, and for such iniernal conlrol as the trnstees deiern)ine is Thec¢&wy io enoble the prep8TrtKin tsf financial
statements Ihat are free from material missuemeni, whether dlle io fraud or ertor.
In preparing the fLnancial statements, the trustees are res￿)nSible for a55es5ing the charity's ability to ￿ntinue as
a going concern. disclosing. a5 appli¢able. matteT5 relattd to going concern aTwJ using the goin8 concern b&sis of
acwvnting unle55 the trustets either intend to liquidate the charity or to cease operdlioD5, or have no realisti¢
a]ternative but to do 50.
Audi¢•r responsibilities for the *udi¢ tsf the finaneial statements
Our objectives are to obtsin reasonable wurance atrx)ut whether the f￿anCial statements as a whole are free from
material misstaiemen¢ whether due to fraud or error, and to issue an aLtdiior's repon in¢ludes our opinion.
Re&sonable assurance is a high level of ¥suranee, bul is not a guarnnte¢ that an audit conducted in accordance
with ISAS (UK) will always deleci a material misstatemeni when it exists. Misstatements Can arise from fraud or
error and are Considered material if, individually or in the aggre8a(e, they could reasonably bE expect￿ to
influence the economic decisions of users taken on the b&sis of these fmancial $￿eme[S￿.
Irregularities. including fraud. are insrances of non-compliantt with laws and rcgulation5. We design procedure$
in line with our Tesponsibililies to detect material misstatements in rtspect of irregularities. including fraud. Th¢
extent tts which our procedures are capable of detecting irregularities. including fraud. is detailed below.
Obtaining an understanding of the lega] and regulatory framework5 that the entity op¢M¢s in, focusing
on those laws and regul￿10￿$ that had a direct effect on the financial ststements,.
Enquiry of managemeni to id¢niify any instsn¢es of known or suspectrd instances of fraud.
Enquiry of management and th0￿ charged with governance around xtual and potrniial litigation and
Enquiry of management abDUt any in5tance5 of non-compliaThce with laws and r¢8uiations;

Xtend Global
Independent Auditor's Report to the Members of Xtend Global
Perfonnin- audit it'ork m'er ihe risk of man2-.
-eincnt 01.c￿lde of controls. includin- Itstin- of jotsm21
entries and other adjustments for appropriateness. evaluating the business raiioThale of signifJ¢ani
trajisactions outside the nornial course of busine$5 and reviewing ac¢ounting estimates for bias.
Reviewing minutes of meeiings of those charged with goveTnance- and
Reviewing financial S￿ement disclosures and testing to supporting do¢umeniation to assess COTnpliance
with applicable laws and rtguiations.
Owing to the inherent limitations of an audi( there is an w•voidabl¢ risk thai we may mt have delected some
material mi55tatements in the fjnaneiai statements, even though we hav¢ properly planned and perfonned ouraudit
in accordance with auditing standards.
In additiOT4 as with any a￿di( there remained a higher risk of noTrdetKlion of frau4 as these tThay involv¢
collusion, foT8ery, intentional omissions, misrepresetttrtiorts, or the ov¢rTide of internal controls. Our audit
prixedures are dc5igned to detect material mtsstatemenL We are tKTrt resp)rtsibl¢ for Prevcnting non-compliance
or frdud and cannot be txpected to detect not)compliart¢e with all laws and regulatlOn5. If a breach of operational
regulation5 is not disclosed to us or evident from relevant ¢orrespondeD¢e. an audit will not detect that breaeh.
A fvrther descrtption of our responsibilities is available on the Financial Reporting Council's website 8t..
w}￿.frC.0rg.￿kI2￿dIlo1sT¢$￿nsib7jlti¢$. This description fonns part of our auditor'5 report.
Use of our report
This report is made solely io the charithble company's trustees. &s a W. in accordan¢e with Chapter 3 of Part 16
of ihe Companies Act 2006. Our audit WOTk h&5 bttn undertaken so thai we might s￿¢ io the charity's trustees
those matters we are required ￿ $￿e to them in an wditor'5 report and for no other purpose. To the fvllest extent
pemiitted by law. we do rb)t accept or &ssume re5Frf)nsibiliry ￿ anyone other than the ¢hari¢able company and its
trusiees as
for our audit work. for thi5 rerATrr4 or fw the opinions we have ftjmied.
Matthew Hod50n (Senior Statutory Auditor)
For and on behalf of HODSON & CO, SthDJtory Auditor
WLSton House
I Wiston Avenue
Worthing
West Sussex
BN14 7QL
Da*..
Page 9

XTEND GLOBAL
Statement of Financi21 Activiti&s
(incorporating an Income and Expenditure Account)
for the period ended 3 1st December 2023
Unrewicted Desi￿ Restri¢t¢d
fi￿d$
Funds
fimds
Toial
Ille0￿e:
Donaiions and legacies
Other trading activities
Invesrm¢nt in¢om¢
Other intorne
Totsl inc4)me
295.201
5.993
50270
5.030
356,494
2 J25.747
218
2.620.948
6,211
50.880
5,360
2,683,399
610
330
2J26,295
610
Expenditure on:
Raising funds
Charitable activities
15.716
179.685
202,208
2J95.803
217.924
2.702.993
127,505
Total expenditsre
195.401
127,505
2,598.011
2.920.917
15 Net gainsll105ses) on iThve5tments
152.084
152,084
Net incomel(expeThditure)
161.093
25.189
(271.716)
(85,434)
20 Transfer$ behween funds
Oiber r¢cogDised Gain￿￿o$s¢S)
Other GaIn￿(LOsses)
Net movetDeDt in funds
(314.1x￿I)
24.000
2￿.1)C*)
13
435
(152,472)
49,189
18,29)
(84,993)
R¢¢oD¢iliatlOD Ot funds:
TOTAL FUNDS bTough¢ foriward
As previously stated
Prior year adjustments
As restated
977.299 2,035.744
(523,211)
394,013
454.088 2.429.757
151.707
334,337
486.044
3,164,750
205.139
3,369,889
22
20 TOTAL FifNDS carried forward
301.616 2,478,946
504,334
3.284,896
The ststem¢ni of fina￿la1 aciiviiies in¢ludes all gains and losses recognised irt the year. All income and
expenditure derive from Continuing adivities.
The noies on pages 14 to 28 fonn part of these financia] statements
Page 10

XTEND GLOBAL
Statement of Financial Activities
(incorporating an Income and Expenditure Account)
for the period ended 3 Isi December 2023
(as rest*ed)
Urtre5tricted DE5tWed Restricted
ftmds
Funds
fij￿￿5
Total
In¢om¢:
Donations and legacies
Other trading activities
Investment income
Other incorne
Tothl income
310.766
I lJ24
43.959
.557
367.606
2.147.772 2.458.538
413
11,737
44.001
1,557
2,148,185 2,5 15,833
42
42
Expenditure on:
Raising fuThd5
Charitable actLVlties
Tothl expeDdi¢u
93.914
412.264
506.178
199,3 14
293.228
1.727.050 2,291,050
1.926,364 2.584.278
151.736
151.736
15 Net gain￿<[0$$ts) on investments
(124217)
1124,217)
N¢t in¢omel(expenditure)
1138,572) (275.911)
221,821 1192,662)
20 Transfers between funth
(24,(M)O)
24,000
Other recognised Gains1(L055e5)
O¢her GainOlLosses)
Net movement in fuDds
13
14.482
(148.090) (251.911)
(329)
14.153
221.492 {178.509)
Reconciliation of funds:
TOTAL FUNDS brought forward
As previously stated
Prior year adjustments
As r¢swed
879.131 2225.802
(276.953)
455.866
602.178 2,681,668
264.552 3.369.485
178,913
264.552 3.548.398
22
20 TOTAL FUNDS Carried forward
454.088 2.429.757
486.044 3.369.889
The statetnent of financial activities iDcludes all gairLS and 105ses TecogDi5ed in the year. All income
and expenditure derive from Continuing activities.
The notes on pages 14 to 28 fonn part of these financial $￿ements
Pa8ell

XTEIYD GLOBAL
Balance SI￿et ￿ at 31st Deeember 2023
Company number 7559179
31st DecemFtr 2023
3 ISL December 2022
(as re5tsted)
FIXED ASSETS
14 Tangible fixed
15 Investments
Tot￿ fjxed assers
448.123
1.717.169
2.165292
507.886
1.565,085
2,072.971
CUPS£NT ASS
16 Debtors and prepaytnenLS
17 Cash at ballth and in hand
Tothl currtnl Isses
63.173
.153,400
1,268551
1.374.356
Liabilities
18 CREDITORS.. Ajnounts failing due within oncyear
148.947
77,438
NET CURJtENT ASSETS
1.119.604
1,296.918
TOTAL ASSETS LESS CURREKf LIABILITIES
3284.896
3.369,889
Tothl &$5et5
3 284 896
3 369 889
The fund5 of the charity..
LfNKESTRTCIED FTJNDS
G¢nrTai Fund
Prop¢ty Revaluation Fund
Other De5ignaied FurK15
19
19
301.616
178.913
2.31X).033
454.088
178,913
2.250.844
19
2,780,562
504.334
2.883.845
486.044
19 R£STRJCTED FUNDS
Total charity funds
These fJn*)cia] statements on pz8es 10 to 28 were app*oV￿ bythe membets of the Ixth and auth)rised for issue on
and arc si8rKd on their bchalf by..
H. WolmaTans
Director
The note5 on pages 14 to 28 fonn part of these financial sw•nenLS
Pa8e12

XTEND GLOBAL
Statement of Cash Flow
for the ￿[l¢)d ending 3 1st December 2023
2023
2022
N& incom¢lf4¥p¢llditure)for the rewrringperlod{￿Perthe
sl4tement o
Inancial Qrtiviftes)
Adju$1￿¢￿1$ for:
tkpwiation
Rent incorne from investrnent property
Investment inwm¢
{Gainsylosses on investtnents
Decre&sel(increase) in debtors
In¢reasel(d¢¢rease) in ¢r¢diiors
Netcosh providedby/lusedill) opernlillg
(84,993)
(178,509)
59.763
{46.487)
(4.393)
(152.084}
(51.978)
71.509
{208.663)
58,848
(43.541)
(460)
124,217
3,180
16,584
(19,681)
Cgsh Ilow$ from investing *ctivitiu:
Interest receivable and similar income
Reni income from investhieni property
Purrha5e of investments
4J93
46,487
460
43,541
50.880
44,001
Cash nows from fi#arttittg adivities:
Changes in cask ondequivaleni$ in ihe reporiingperiod
(157,783)
24.320
Cash and ¢qLJivaients at the b¢ginning of year
lJll.183
1286,863
Lash and £quiv￿ents ai the end ot'year
1,153,400
1.311.183
The notes on pages 14 to 28 forni part of these financial ststements
Page 13

Xtend Global
Notes to the Financial Statements for the Year Ended 31 December 2023
I Charity status
The ¢harity is limiied by guarnnt¢e, inwrnted in England and Wales. and consequenily does not have share
capital. Ea¢h of ¢he tsusttts is liable io contribute an amount noi exceeding £1 towards the assets of the charity in
the eveni of liquidation.
The address of ils register￿ offlce is-
SI￿3 St DunstaJLS Road
Worthing
West Sussex
BN13 IAA
2 Accounting ￿lItieS
Sutnmary of Slgnifi￿￿I aecou*ting polities and kty *eeounting estirnatts
The principal accountjDg policies applied in the preparation of these financial starements ar¢ setout below. These
policies have been corLSi5tentiy applied kn all the years presented. unless otherwise stated.
Ststement of eoThpliaTrce
The fuwicial statements have been prepared in accordance with Accounting and Rewning by Chartiies."
Statement of Rec(Trmrnended Praciice {applicable to charitie5 preparing their aecounts in aC￿rdance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021) (issued in October 2019)
- (Chariiie5 SORP (FRS 102)), the Finan¢Lal ReportinB Swdard applicable in the UK and Republi¢ of Ireland
IFRS 1021 and the Companies Act 2006.
Xiend Global meets the d¢finitton of a public benefit entity Urtder FRS 102. Assets and liabillties art initially
recognised ai historical wst ortrartsa¢iion value uvless othenwise ststgd in the r¢l¢vant accounting policy notes.
Basis of prtpsration
The financial ststemrnts are presenied in sterling (£
Going eortcern
The trustees consider that there are no Material un¢ertaiTtties aitht the clwity's ability to continu¢ ¥ a going
¢onc¢rn nor any signifirant area5 of wJc¢rtainty that affect thc canying value of assets held by the elwity. The
trustee5 have a re&sonable expectation that the charity will continue in operational existence for the foTese¢able
ture. Accordingly. the accounts have been prepared on the basis that the charity 15 a going ¢or¢¢ern.
Judgernents
The preparation of the fmancial statements ￿UireS tNstee5 to make jlldgem¢nts, estimaies and assumptions that
affect the amounis re￿rted.TheseeSllmateS and jud8emeTrts are coniit)ually r¢viewed and att based on experience
and other factors iThcluding ¢xptttations of fvwre events that are believ￿ to be reasonable under the
¢ircumstsn¢es.
Ineo¢ne And endowments
All income is recognised once the charity h&4 entttlement to the income, it is probable that the income will be
received and the amount of the income receivable can be me&sured reliably.
Page 14

Xtend Global
Notes to the Fittattcial Statements for the Year Ended 31 December 2023
Dwi41ions le¥4Lyes
Donations are recognised when the charity has been notified in wriiing of knth the amount and settlement d*e. In
the eveni that a donation is subject to ¢ondition5 that require a level of performartce by the chariry before the
¢haTity is entitled to the fund% the incorne is deferred and not recogni5t41 until either those conditions are ￿]lY
mel or the fuifilment of those ¢onditions is wholly within the control of the charity and it is probable that these
conditions will be fulfilled in the reporting peri(Ml.
Donation5 raised and tTan5rnitted to the charity by &%xKiated national offices are stateO gTOSS of any fvndraising
fee which is deducted by tht national office before transmission.
The donated services of staff working for the charity bui paid by a national office we recognised as donation
income (and charitable expenditure) at the 8ross cost of employment of those staff.
Grants recdwble
Grants are rec4)gnised when the charity h&s #n entitlernent tt) the funds and any conditions linked to the glants
have been met WThere performance conditions are attached to the grant and are yet to be met. th¢ In￿me is
Tecognised as a liability and included on the balance sheet as deferred income to be released.
Inve51mentinconie
Dividends are reCO￿ls¢d once the dividertd has betn declartd and ￿tificatIOn been r¢ceived of the dividend
due.
EXpe￿dIfUre
All eX￿ndItUre is recognised once there is a legal or eonstructive obligation to that expenditure. li is probable
settlement is required and the amouni Can be measured reliably. All costs are ￿loCated to the applicable
expendiiure heading aggrt￿te Similar ¢osts to that category. Where costs cannot be directly attributed to
particular headings OT funds. they have been allocated on a b&si5 consistent with the use of resouKes, with central
staff costs allocated on the ba5i$ of time spent. Othersupw)rt Costs are allocated b&5ed on th¢ spread of sthff cosis.
Raisingfunds
These are costs incurred in atlraciing voluntary income. fees deducted by national offjces before transmission of
net donations to the charity. the management of inve5tment5 and ih05e incurred in trading activities to raise funds.
Charilabl¢ activities
Charitsbl¢ expenditure Compris￿ those wsts incurred by the charity in the delivery of its activities and %rvic¢s
for it5 b¢neficiarie5. It irhclud¢5 both costs that ran bE aJl¢xated directly to such xtivitie5 and those costs of an
indirect n¢cc55ary to 511PPOrt thetn.
Grontprovuton
Provisions for gTants aTe made when the intention io make a grant I￿$ becn communkcated to the recipient bLLt
there is un¢erfainty about either the timing of the grant or the arnount of grant payable.
Support costs
Support Costs include central functions and have F*en allocated to activity cost ¢wegories on a basis consistent
with the use of re50urce5. for example. alk)cating property costs by fl(M)r area5, or per Capi4 staff ¢osts by the
time Spent and other costs by theii usage.
Governance costs
These in¢lude ihe o)srs attributsble to the Charity's Cotnpliance with constitutional and statutory requirements,
including audit. accounts preparation, legal. strategic management and trustees, meeiings and travel expenses.
Page 15

Xtend Global
Not￿ to the Financial Statements for the Year Ended 31 December 2023
Taxatio
The charity is considered IQ Pa5$ the tests setout in Para8raph I Seh¢dul¢ 6 of th¢ Finan¢e Aci 2010 and therefore
it meets the defjnition of a charitable company for UK ¢orporaiion tsx purposes. Accordingly. the charity is
potentially exempt from taxaiion in respect of income or capital gains ￿e1ved within Categories covered by
Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Tawion of Cha￿table Gairts Act 1992,
to the extent that such income or gains are applÉed exclusively to ¢haritsble putp)ses.
Tangible fixed #ssets
Individu￿ r￿ed &ssets costÈng £5,000 or more are initially recorded at cost. less any subsequent attumulated
depreciation and subsequent accumulated impairment losses.
Deprteiation and #tnortimtion
As$tt class
Freehold Property
Computer Equipment
Equipment
Furniture and Renovations
Deprttiation method and rate
2Yo Straight line
33.33% Straight line
20% Styaight line
I(VA Strai8ht line
Fixed *sstt invesiments
Fixed &%set investments. Other thart progrdmrne related investments. are tncluded at market valu¢ ￿ the balance
sheet date. Rvdlised gains and losses on investments are calculated &$ ihe difference be￿¢eTh sales pro¢¢eds and
their market value at the siart of the year. or their subsequent cosl and are ¢harg¢d or credited to the Ststem¢ni of
Financial Activities in the peri(xl of dis￿)$￿1.
Unreali5ed gains and 10$5es represent the movement in mark¢i vajues during the yearaThJ are ¢rediied orcharged
to the Statement of Financial ActlVLtie5 b¥ed on the rnarkel value at the year end.
Trade debtorj
Trade debiors are amounts due from ¢ustomets forMe￿￿and]Se 9)Id or seNi¢es F*rfonned in theordinary course
of business.
Trade deb￿[S are T¢cognised iniiiojly * ¢h¢ transa¢tion price. They *¢ subsequertily measured at amortised ci)st
sit)g ihe effective interesi method, less pmvision for impaimient. A provision for the impairnjentoftrade debtors
is ¢stablished when there isobj¢¢iiv¢ evidence that thecharity will notbe able to ¢olle¢Èail amountsdue accordin8
to the original terms of the receivables.
Casb and ta$h eqllivalents
Cash and cash equivalents comprise cash on hand and ull deposits. andotherslM)rt-tenn hi8hly liquid inveslments
that are readily convertible to a known amount of wh aTKI are subject to an insignifi￿nI risk of ¢hang¢ in value.
Page 16

Xtend Global
Notes to the Financial Statements for the Year Ended 31 December 2023
Borrowings
Inrerest-bearing borrowings are initially rttorded at fair value, net of transaction costs. Intere5t-beaTin8
boffowings are subsequently ¢arri¢d ai amorttsedcosl with the difference betweenthe proceeds, netoftransaciion
)s¢& and the amouni du¢ on redemptlOD beiTh8 reco8nised as a char8e to the Statement of Financial Activities
over the period of th¢ r¢l¢vant iM)Thowin8.
Inter¢si expense is recognisa on the basis of the effective interest method and 15 Included in interest payable and
similar ¢harges.
Borrowings are ¢lassifJ¢d as curreTht liabilities unless the charity has an unconditional right to defer settlement of
the liability for * leas¢ ￿e1ve months after the rep)rtiTh8 date.
Foreign eichange
Transa¢tions in foreign currencies are recorded at the rate of exchange at the date of the trdnsaction. Monetary
assets and liabiliiies denominated in foreign currencies at the balance sheet date are reported at the rdte5 of
ex¢hange prevailing ai d*e.
Fund strurture
Unr¢stricted in¢om¢ fvnds are general fimds that are available for use at the In￿tee$ discretion in fjjrtherance of
the objectives of the charity.
De5ignatcd funds are UThTEStridcd funds set aside for specific PUT]x)ses w the dis¢r¢tion of the trustees.
R¢stricied income funds are those donated for use in a particular area or for sptcifi¢ purposes. the use ofwhich is
restricted to that area or purpose.
Financial in5trurnents
c1t755lfic￿ioll
Th¢ charity only has financial &sses and financial liabilities of a kind that qualify as basic financial instrurnents.
Basi¢ financial in5thJment$ are initially recognised at transaction value and subsequently me&%ured at their
5¢tt1ement valu¢ with the exception of bank loan5 which are subsequently measured at the carying value plus
accrued int¢￿st less repayments. The fmancing charge to expenditure is ai a constant rate calculaied using the
effe¢tive inier¢si method.
Page 17

Xtend Global
Notes to the Financial Statements for the Year Ended 31 December 2023
3 In¢om¢ froN donations #*d Iweies
Unrestricted funds
G¢fj¢r#l
Design*t¢d
Restricted
Totsl
fwnds
Fund5
Donations from individuals
Grants. including capital
Dona*d services
Toial for 2023
158,829
97.617
38.755
295.201
310.766
526,768
1.099.737
699,242
2.325.747
2.147.772
685.597
1.197.354
737.997
2.620.948
2.458.538
Totsl for 2022 re5tate4 set Note 22)
4 Ineomt from other trading #rtiviti
Unr¢stri¢ted funds
G¢n¢r*l
IksigDat¢d
Restricted
Total
Fynd$
Tradin8- Other tradin8 incorne
Total for 2023
Total for 2022
5.993
5.993
11.324
218
218
413
6.211
6.211
11.737
5 Investment In<ome
Unr¢stri¢ttd f￿thd$
Genernl
Dtsignxted
Restricted
fuDds
Total
FuDds
tnteT¢St ￿elV0b1e on bank deposits
Rentsl income
Totsl for 2023
Total for 2022
3,783
46.487
50,270
43,959
610
4,393
46,487
50,880
44.001
610
42
6 Other iThtome
Unrestricted fund
GeneTal
Designated
Restricted
fund$
Total
Funds
Other income
Totsl for 21123
Total for 2022
5,030
5.030
330
330
5,360
5.360
7 Costs of RAi5iDg FuDd$
Unrestrirted fund
General
De5igDated
Restriettd
Totsl
Funds
Fundraising fees charged by Pioneers offices
Marketing and publi¢ity
Total for 2023
Tot81 for 2022 (as restated. see Note n)
77,408
124.8
202.208
199,314
77,408
140.516
217,924
293,228
15.716
15,716
93,914
Page 18

Xtend Global
Notes to the Financial Ststements for the Year Ended 31 December 2023
8 Expenditure Ch*rit4blt Attivities
Aciivitits
undert*ke
dirtctty
179,685
717,094
465284
1.040.945
131,381
2022 Totsl
(a5 reststed.
Set Note 22)
412,264
580.742
517.802
628.506
151,736
s￿P￿rt
costs
Totsl
179,685
772.351
509,055
,110.521
131,381
Generdl Fund
Atab World Media
PALM
Media to Movements
Other
55.257
43,771
69.576
.534.389
168.604
2.702.993
2.291.050
£307.190 (2022 £564.000) of the expenditure is attributable ￿ u[￿es[ricted fimds 4￿j £2,395.803 (2022
£1,727.050) is artributsbl¢ to resiricted funds.
9 An*lysi$ ofsupwrt costs
Arab World
Media
Media
Movernents
PALM
Totsl
Governance
Accounting and Firwlce
Payroll and HR support
Building services
Administration
Information Technology
1,373
,353
555
11787
5.867
16,322
55.257
,373
8J53
555
12,787
5.867
4.836
43.771
1,373
8J53
555
12,787
5.867
30.640
69.576
34,118
25,060
1.666
38.362
30.410
38.988
168.604
10 Ntt incomelexpenditure for the yexr
2023
2022
This is stated after charging=
Foreign ¢urren¢y ex¢hartge (gainyioss
Auditols remuneration..
- audit fees
- accountin8 and payroll services
Depreciation o(twJgible fix¢d assets
(441)
(14.153)
4,81XI
2.118
59,763
4.680
4274
58.848
11 knatysis of staff ¢ost$ and tbe cost of key managemeDt personDtl
2023
2022
UKstaff
UK Social se¢urity ¢osts
UK Employerfs contribution to pension
Non-UK51aff
Non.UK staff benefits
Total paid by this charity
Donated services (funded staff)
Tothl slaff msts
235.832
19.469
28.959
223.422
34.056
541.738
737.997
1.279.735
287,496
25.714
23,152
197.711
18.348
552.421
610.369
1.162.790
No employec had employee bettefits in excess of £60,000 (2022: nil).
The mnthly av¢rag¢ number ofper50Ths (includinB senior marMgemenV]eadership team) employed by the
harity duTiThg the year. expiessed as fvll time eqyivalents w&5 8.9 {2022= 12) of which the majority were
partially or fully funded from other sources.
Page 19

Xtend Global
Notes to the Financial Statements for the Year Ended 31 Deeember 2023
12 Trus¢¢¢ r¢mun¢ratlOD And tApth•As. And r¢lJted party t￿￿￿ttl0￿5
The charity tr￿Slees were not paid or rtceived any other benefits frorn employThent wilh th¢ chatiry nor did
an). trustee receiic pa)Thent far Piofc5sional or other ser¥'icts. The folloii'ing amouTrts paid to the
trustees as reitnbur5ement of expenses incurred in the perfOrnw￿ of their duiies:
M C Billage
£1.18012022.' £nil) of expens¢s were reimbursed ￿ M G Billage during the ytar
J E Rowland5
£971 {2022:£450) of expetw wtre ffimbursed to J E Rowlands during the ye
P Dsharp
£2.758 {2022.. £2,344) of expenses were reiml)ursed to P D sha￿ during the year
C Keung
£1,784 {2022.. £1.430) of expenses were reimbursed to C Keung durin8 the year
W A JoDes
£1,338 (2022.. £2,330) of ¢xp¢rfjes were reimbursed w W A Jones during the year
. H WolTharaTr$
£615 (2022.. £298) of expenses wer¢ T¢imburwl to H Wolmarams during the year
Ayoh
£756 (2022.. £ftil} of expenses were reimbursed to A Yohn durin8 the year
The charity enjoys a close working relationthip with Pioneers Inc. Iuniied Swes).
Pioneers is a worldwide rni5sion Movement and raises funds for the charity.
Mr C Keung is also a trustee of Pioneers lrtc. Iuniied States). During the year. Pioneer5 Inc. provided donation5 and
paym¢nts for s¢rvi¢es totallin8 £765,449 (2022: £851.668) and incurred expen￿ on behalf of the charity of £198,096
12022.. £181,168). At 3 l December 2023, Pione¢rs I￿. owed the clwity £70.306 (2022.. £45.I30) in donation5 and
payments and had outstanding ¢xp¢nses of£l1.549 {2022". £2.920).
hlr 14 W0]Mara￿ alw a direoior of a compatii proi4idinfr education Fvjftr.. During thc ￿or. thc compony incurred
expenses of £184,210 (2022= £189,730) on behalf of Xiend Global. which have been fully reimbursed by Xtend Global
durin8 the year. At the end of the year the balance owed by Xternl Global ￿ this ¢ornpany Wds £nil (2022.. £Thil).
The charity receives donations for the business expe￿e5 of Mr & Mrs H Wolmararts. which are held in a creditor
aceouni. No operational funds of Xlend Global are transferred w this a¢counL During the year. the charity received
donations for this accounl of £6,340 (2022-. £6.410) and rtimbursed Pioneers business expenses ol£l,504 (2022..
£2,532). The ¢redit balance held in the Credi￿r accol￿1 at the year end w&s £6225 (2022.. £1,667).
£8,423 has been advanced from this creditor a¢eouni to Mr Wolmarans. and wll be repaid in full in mid-2024. The year
end bilance outstanding £8.423 {2022= £8.146). The fiLnding for this advance came wholly from donations received
for this purpose 8nd no operntional fimd• of Ytend Global M*re involved in thc advance.
There wert tK) other tran5aetions Thith the directors whtch wuire sepan* dis¢lowre.
No ￿ftS were received from any trusttes towards govern￿ costs.
Page 20

Xtend Global
NotQ4 to the Financial Statements for the Year Eknded 31 December 2023
13 Other retognised ggins1(105w}
ted fund
De5ignAted
Resiricted
funds
TotAI
F￿Hd5
General
Ex¢l)anBe gainsl(Iosse5)
435
441
Total for 2023
Totsl for 2022
435
441
14 Tgngibk Fixed Assets
i•nd and
buildin85
Furni￿re &
equipment
Totsl
C051
A¢ l.l.23 - as previously ststed
Reallocation to investment proptrty (see Note 22)
At 1.1.23 - as reststed
Addition
Disposal
l.l74.429
{407.797)
766,632
55.58l
1.230.010
(407,797)
822,213
55.581
At31.12.23
766.632
55.581
821213
A¢¢umulated depre¢i#tio
At 1.1.23 - as previously stat
Reallocation to investment property (see Note 22)
Redu¢tion irt pr¢vious year char8¢ {see Not¢ 22)
At 1.1.23 - as restated
Char8¢ for the year
463.428
{176.8401
{26.2261
260.362
58.147
53.965
517.393
(176.840)
26.226
314.327
59.763
53.965
1,616
At31.12.23
318.509
55,S81
374,090
Net book value
At31.12.23
448,123
448,123
At 1.1.23 (r¢5tated)
506.270
1,616
507,886
All of ihe atKTrve assets are used to fither the ¢ompony's main objects and hav¢ been desigtwed as su¢h.
Page 21

Xtend Global
Notes to the Financial Statements for the Year Ended 31 December 2023
IS INVe￿￿￿ents
2023
2022
restat¢i(
see Note 22
Shares in group urtdertakings and participating ititerests
Investment share of otTice property (see Note 22)
Other invesim¢n¢s (CCLA invesimeni fill￿)
Tot￿ Lnvestments at 31 December 2023
409.870
,307298
1,717,169
409.870
1.155,214
1.565.085
Shares group undertskings *nd p8rticipatiDg interests
Subsidiary
underfakings
Total
Cost
At l January 2023
At 31 Decembrr 2023
Net book value
At 31 December 2023
At 31 De¢ember 2022
Detail$ of undtrtaking5
Subsidi*rie5
Th¢ company owns lo￿ of the ordinary share capithl of North Africa Pro[￿rtIeS Limitrd. The company is
dortnaNt ar￿ has Th)t traded during th¢ year. The aggTegate amount of share capital and reseryes of North
Africa Properties Limited as at 31 De¢en*r 2023 £1.
Office
Investment Property
Cost
Ai l January 2023
Ai 31 December 2023
407,797
407,797
407.797
407.797
Fair vglue
At 31 December 2023
At 31 Dectrnber 2022
409.870
409.870
409.870
409,870
The investrntnt property is the ground floorof Pilgrim House, th¢ oifi¢e owned by thc rharity. The charity
cKcupies the first fl￿r and rents Out the ground fl(x)r io a number of local charities.
The whole property. and each separatr floor, was ￿]￿ed by the investtnem method of Vall￿10￿. ¢ai¢ulakd
by applyin8 a market yield to the ptstential net income achievable from the 18nd and buildings existing tsn
Site.
Page 22

Xtend Global
Iyotes to the Financial Statements for the Year Ended 31 De¢¢mber 2023
IS (£ontinued}
The main assumpiiorts underlying the valuation were that (I l there are no onerous rtstrictiort
encumbran¢es. easemenil waykav¢s. ei¢. whi¢h may adversely affect the valuation, (2) a delailed survey
would noi reveal any sigmificani defe¢￿ ith the coE)diliQn of the pnwerty. {)) the exisiing use is noi con￿ary
to Pla[￿Illg Tegulaions and any plaT￿]ng pemiissions do not coThtsin any particularly onerous or Testridive
conditions. (4) investigation would not disclose the presence of any adverse enviroDmenra] factors. (S) no
potential for Contsmination exists. (6) Investigation would rM)t disclose the presence of any wtenlially
deleterious or hazardous material used in the ¢onstruction.
The property w&s valued by Flude Cornmerciat (Chichester) Luniied on 18 November 2019 and the tr￿stee5
consider that the current market value is not materially different from the value included in the accounis.
Other investments
Listed
invest￿¢￿ts
2023
2022
Vgluation
At l January 2023
Gainlllos5) during the year
Net Book Value It 31 Decembtr 2023
1.155214
152,084
1.307.298
1.279.431
(124.217)
1.155.214
The above investments are all in investment assets held in the UK. All are WlTestri¢ted funds in an EthÉc81
Investment Fund with CCLA. These inve51ments are held to provide an investtDeni return for the charity.
During the year the value of the invesnnents increased by £152.084 (2022: d¢¢reased by £124,217). At 31
D¢¢ember 2023 the market value of the invcstmctts was £1.307298.
16 Debtors
2023
2022
Trade Deb￿r$
Prepayrncnts tnd a¢KTued income
Other Debtors
9.428
105,724
63.173
63.173
17 CAsh and cash equivalents
2023
2022
Cash on hand
C&sh ai bank
1.947
1.151.453
1.153.400
13,531
1297.652
18 Cr¢ditors f811iDg due witbin one year
2023
2022
Accrua]s and deferred inwme
Other Creditors
46,277
102,670
148.947
8,778
68.660
77,438
Page 23

Xtelld Global
Notes to the Financial Statements for the Year Ended 31 Deeember 2023
A9 Fund5
Trdll5fer5
between
bJn(ts
Other recognised
gain
{losses) At 31.12.23
Ai 1.1.23
IrKomin8 Expendinjre
Unrutritted funds
Generul
Unrestricted Generdl Fund
Designotsd
Property Fund
Property Revaluation Fund
Building Maintenance
Computer Equipment
ERB Sale Fund
ERB Trident Fund
454.088
356,494
(195.401) (314,000)
435
301,616
737,227
178.913
56,163
1.616
1.455.838
(58.147)
679,080
178.913
80,773
610
24.000
(1.616)
(57.302) {180.000)
110,440)
180.000
(127,505)
24.000
(322,906) {290.000)
152.084 1,370,620
169.560
152.084 2,478.946
152.519 2.780,562
2.429.757
2.883.845
610
357.104
Total unre$tric¢ed fund5
AWM
PALM
MTM
Syria Appeal
Totsl restricled funds
291.394
153,802
36.848
4,0(Kl
486.04M
912.163
(870.868)
570.159
(554,578)
843.973 (1,168,689)
(3,876)
2 J26295 {2,598.011)
332,689
169.389
2.131
124
504.334
2￿,1)00
290,IM>O
Totsl funds
3.369.889
2,683 J99 12,920.917)
152,525 3,284.896
Previous Ye*r Moveobents
Transfers
between
fijnds
Other reco8ni5ed
gain
(105ses) At 31.12.22
Ai 1.1.22
lJKomin8 Expenditure
Unrestri¢t¢d fund$
Ge*£rnl
GeneT21 Fwid {restated. Note 22)
Designaled
Property Fund {re5tated. Note 22)
Property Revaluation Fund {see Note 22)
Buildin8 Maintenance
Computer Equipment
ERB Sale Fund
602.178
367.606
(506.178)
{24.000)
14.482
454.088
(57217)
737227
178,913
56.l63
,616
(124,217) 1.455.838
24.000 (124,217) 2.429,757
0 (109,735) 2,883,845
178,913
32.121
3.247
1.672.943
2.681.668
3.283.846
42
24.000
(1.631)
(92,888)
(151.736)
(657,914)
42
367,648
Total unrestrleied funds
PALM
Avfm (&s re5tatedl
MTM las restated}
Syria Appeal
Staff support fiJnd5 (Ls restated. Note 22)
Nationals in MitLiStry (as re$￿ed, No* 22)
Total reMric¢ed fund$
260,552
434.786
968.606
744.792
(5412OD
(677,212)
(707,944)
{329) 153,802
291,394
36,848
4,000
264,552
2,148.184 (1.926,363)
1329) 486.044
Total funds
3,548,398
2.5 15,832 {2.584,277}
o {110,064) 3,369.889
Page 24

Xtend Global
Notes lo the Financial Ststements for the Year Ended 31 December 2023
19 {coBtinued)
The Property Fund represents the rt¢t tth)k valu¢ of the ¢ompany's designated fixed &ssets. Thi5 fi]nd was dt5ignated 50 that thE
remaining Unrestricted Fund$ wll give a cleat view of the level of fre¢ resetves. The Compu*r Equipment fund represents the nei
book value of equip￿ent purchased in a550¢iation with the 2019 ￿￿Vation of Pilgnm House.
The Building Maiiitenance fvnd receives regular stsms transferr￿1 from th¢ Ge￿ra1 Fund and is designated by the board of trustees
for major maintenance Wofk on Pl1￿11￿ House.
ERB Sale Fund was sei up with the protteds of the sak of a property in France in 2020. These bJTrds were designated tts facilitate the
growth of 8 ministry within ihe chariry, but not for norn￿1 0￿rdtional expett5e5. e.g. for c4pital expenditure, debt reduction. major
tniDi$try expansion or th¢ launch of new initiatives. Up to of the net pr¢xceds can be allocatcd to be given as ￿nts to
organisations external ￿ the ¢haTity, within the scope of this charity'5 registered purwjses. The majority of the fund is invested in a
CCLA investment fund Ise¢ nol¢ 15). aDd the gains or losses (bn that fund are added to the fund.
ERB Tridtnt Fund sct up by the Board redesignating £180.000 from th¢ EPB Sale Fund. The pu￿0$¢ of the ERB Trident Fund
is io invest in one-time technologY-b￿d developments that have a wide impaci across Pion¢eTS Medi< enhan¢iE)g efficte￿y,
effe¢tiven¢ss and fruitfulne$5 for the ministries of Xtend Global.
Arab World Media (AWM) Fund engages Unread￿ peoples of the Arab world through media to facilitste church plantin& as the
Holy Spirit enables.
PALM equips believers with the tools and skills needed for ministy and trdins aThJ supw>rts existing and future leaders SO that they
can. in turn. train others.
Media io Movements (MTM) equip5 di%iple Tnakers to use media and ￿hT￿)10sY Stra￿g¥¢allY 10 identify and engag¢ spiritual
seekers, who accelerate a movement of reproducing disciples in their ¢ommwiity.
The Syria Appeal Fund handles donatio￿ for the relief of those 8tTe¢ied by the o)nfli¢i in Syri&
20 Transfers betweeD f￿ndS
Unrestricted funds
General
De5igTrated
Restricted
fuThds
General Fund allocation to BuildiTh8 Maintenance
General Fund subsidy grant for Media to Movements
Allocation fro￿ ERB Sale Fund io ERB Trident Fwld
Allo￿tIon from ERB Sale Fund to ERB Trident Fund
(24.01)0)
(2￿.(￿)0}
24.1)
290.000
(180,OIKI)
180,000
24,000
(314,IM>OI
290,000
2022 TTansfeTS
te22
Genenl Fwid a]location to Building Maintenance Fund
asre
(24.0001
24.000
21 Analysis of f4e¢ Assets betwetn Funds
Unrestricted Designated Restricted
Funds
Fwitts
Funds
Totsl
Funds
Fund balances at 3 1st December 2023
are represented by..
Tangible Fixed assets
Fixed asset inve51m¢nts
448.123
1.717.168
313,655
448.123
1.717.169
1,268.551
(148.947)
3,284,896
CutTent assets
Current Ihabilities
328,771
(27,156)
626,125
{121,791)
301,616
2,478,946
504,334
Page 25

Xtend Global
Notes to the Financial Statements for the Year Ended 31 December 2023
22 Prior Y¢*r Adj•stments
A review of the opening balan¢¢s for the year, and ¢omparison of ¢uTmy year fJnan¢ial a¢tivity with the prtor yearfs
reported activity. IHS identified a nt￿ber of areas requiring adjusthient:
l) In ¢omplian¢e with SORP 4.48. I￿oMe from don￿￿0￿$ and gran￿ io be grossed up for fundT8ising fres
deducted by Pioneers Offices before they send ne¢ fees ¢0 Xtend Global. Matrhing amounts nEed to k included as
ndraising expenses. This afferts 2022 ivcome and eXpeT￿e. but has ￿ eff¢cton resulting fiuwj balances.
2) In ¢omplian¢¢ with SORP 6.17, Lhe value o("donaied setwJ¢es" of staff working for Xiend Global but salaried
direetly by a Pioneers office, rather than by Xtend Global, are included as a fonn of donation incom¢ and stsff
expense. This has no effect on the resulting fimd balances in the 2022 accounts.
3) With lh¢ esrablishm¢nt in 2021 and 2022 olmdia ￿ Movements as a subsraniial ¢ontinuing ministy with its
restricted income stream. it w&$ recognised that this should be a restric*d filnd alongside PALM and Arab World
M¢dio (AWM). This means that the restricted fimds for Staff Support and N*ionais in Ministry ar¢ no longer required
since they are i￿orpOrated into th¢ Lhree larg¢r op¢rntLonal restricted fimds. This separation of AWM and MTM fvnds
out of the Previo￿ General Fund is applied from l January 2022.
4) The ground floor of Pi18rim House, the main office of Xtcnd Global. been Tented out to other charities for a
number of year5. $0 it needs io be accounted for 15 a Fixed Asset Investmen¢ which is Thoi depreciw¢d, rathei than a
Tangible Fixed Asset (for the charity's oper&iona] use). The original n¢t bc*)k valu¢ of this inv¢stmeni 8sset remains part
of the Property Fund. It is then revalued to fair value b￿d on an indepeThdeni profe￿lOnal valuation of th¢ whol¢
building undertaken by Flllde Commercial in November 2019. The gain in value of the investsnent ponion over its
previous depreciated value, results in an increase to Nei Assets and a separate Revaluation Fund. The removal of
depreciation on the investment FX)rtion results in a reduction in the 2022 expendiwre on charitable activities compartd io
the previously $12ted amouni. The removal of the net Fthk value of the investsnent portion of the pn)perty rtsults in a
reduction in ¢h¢ net book value of tsThgible r￿ed assets * 31 D¢¢¢mber 2022.
5) When the loan mortgaged on Pilgrim Hwse was repaid in 2021, tt was omitted to transfer this amotmt (rom rhe
Generdl Fund ￿ the Property Fund, which IM)Ids the net knk value of propety less a%￿ciated loans. Correcting this in
the opening 6Jnd balances at l January 2022 requires a transfer of £276,953 from General Fund to Property Fund.
6) A grant of £17.888 from the ERB Salt Fund in 2022 w75 WTDngly reN)rted a5 income radKr than expense. The
correction of thi5 require5 transfer5 of this amount from Designated to Unrestricted (Generdl) donation incotne and from
U[￿estrICted to Designated charithble expendibjre. with resulting adjustments of £35.776 to Unrestricted (Gener41) and
Designated Fund balances.
7) In 2022 £44,400 of Shared costs were allocated to the PALM restricted filnd. This w&$ accounied for as a transfer
from the PALM Fund to the General Fund, but 51KTruld have been a simple reall¢xation of costs wiihin the Charitable
expenditure fi8ures. Correcting this disclosure on tht SOFA h&$ rKJ effect on the closin8 Fund balances.
8) The budgeted transfer of £24.OCM) from the GetKral Fund ￿ the Building MainterRtKe Fund aCCoun￿d in the
original 2022 ac¢¢)unts as a General Fund expense and a General Fund u*omc. whereas it should have been a transfer
from General Fund to the Building Maintenance Fund (Designated). ThLS adJ￿stment will reduce Ix)th donation incorn¢
and ¢haritable expenditure by £24,000. replacing them by a transfer from Unre51riCted (General) to Designa*d Funds.
9) Reclassify £78.480 fundrnising costs which had beeD tharged io operational activities from Expenditure on Charitable
Activitie5 to cost of Rai5jTh8 Funds.
Pa8e 26

Xtend Global
Notes to the Financial SLqiements for the Year Ended 31 December 2023
22 (CODtinued)
Therefore prior year adjustments hav¢ b¢en made w the Ststement of Financial Activities and the Balance Sheet. Details
of the adjullments are given below.
StAtem¢nt of Finanei*l Adivities
Adju$tthettt$ to 2•22 Ststement of Financial Aetivities
Unrestri¢ted Designated Restricted
Fund5
2022
2022
2022
Balance of Funds at 1st January 2022 as previously stated
Revalue Inve5trnent property14)
Transfer to the Property Fund (Designated) for rrM>rtg28e repayrnent (5)
Balance of Funds at 1st January 2022 as r¢swed
879.131
2.225,802
178.913
276,953
2,681.668
264,552
{276.953)
602.178
264,552
In¢ome from dortations and legacie5 previously stated
Gross up income for fundrdLSLng fees (l)
Gross up for donated staff seTri¢¢s (2)
Recognition of restricted fijnds (3)
Correction of treating expense as income (6)
Recl&ssift¢aiion of inwme as a transfer (8)
In¢ome from donations and legacies as restated
1.308,407
8.233
68.410
(1.068,172)
17.888
(24.Th)0)
310.766
17,888
416,808
120.833
541,959
1.068.172
(17,888)
0 2.147.772
Expenditure on raising as previously stat
Gr05s up for fundTaising fees (l)
Rec1&55ify fundrai5in8 ¢osts from Exp. On Charitable Aciivities {9)
EXpellditt￿e on raising funds as restated
85,682
8.232
120,834
78,480
199.314
93,914
Exptndtture on charitable activiiies as previously swed
Gros5 up for donated sttff setvices (2)
Re¢ognition of restricted fi]nds (3)
Depreciation realloc*ed and rermved for investment property (4)
Correction of treating expense as in¢om¢ (6)
Re¢lassify transftr as an expense (7)
Reclassify expense as a tra￿$fer (8)
Reclassify fvndraising costs to Costs of Raising Funds (9)
Expenditlwe ort charitable actLVlties a5 reststed
1.140.022
68,410
(639,672)
(70.208)
{17,888)
(44,400)
(24.0￿)
83.771
585,594
541,959
639.672
(6.095)
50,077
17.888
44,400
(78,480)
151.736 1,727,050
412.264
Transfets betsvttn funds as previously stated
ReMgnition of restricted funds (3)
Reclassify a transfei as an expense (7)
Recl&%sify iTrcome ar￿ eX￿nSt as a transfer (8)
Transfers beNeen fvnds as resthied
(55,857)
100.257
(44.400)
(24,000)
(24,000)
55.857
(100.257)
44,400
24.000
24.ODO
Net movement in fijnds at 31 December 2022 as prtViOU51y stated
Rewgniiion of resiricted fi￿dS (3)
Depreciation r¢allocat¢d and removed for investhient property (4)
Correction of treating exptnse as intome16)
Reclassify incorne arml expense as atransfer (8}
Net movement in fijnds ar 31 December 2022 as restated
98,168
(328.242)
70.208
35,776
(24,000)
{148.090)
(IW,058} (112,845)
328,242
6,095
(50.077)
(35.7761
24.000
(251,911)
221.492
Page 27

Xiend Global
Notes to the Finantial Statements for the Year Ended 31 December 2023
22 (continued)
Adjknstmetsts to 2023 Ststement of Fin*nei*l Attivit￿S
Unrestricted Designated Re*ricted
Funds
funds
2023
2023
2023
Balance of fvttds * l January 2023 as prcviously stst¢d
Recognition of restricted fjJnds13)
Revalue Invesiment property (4)
Depreciation Teallocated and removed for investmeni property (4)
Transfer to the Property Fund (DesigDat¢d) for mortgage repayment (5)
Correction of treatin8 expense Is income (6)
Recl&ssify income and expense as a transf¢r (8)
Balance of funds at l JanLWy 2023 as r¢s￿led
977,299
(328.242)
2.035,744
151,707
328.242
178.913
(50.07D
276.953
(35.776)
24,000
2,429,757
70.208
(276.953)
35.776
(24,000)
454.088
6,095
486,044
2022
Adjustments to 2022 Balance Sheet
Tangible Fixed Assets &$ previously swed
Removal of the net EN)ok value of Invcstmeiit property (4)
Tangible Fixed Assets as rt5tated
712.617
(204.731)
507,886
Fixed Asset Investhi¢nts as previously sthted
Addition of Investment property at fair value (4)
Fixed Asset It)vesthients &s restaled
,l55.215
409.870
1,565,085
23 C8Pltsl Commitments
Amounts contracted for but tK)t prnvided in the financial stat¢meDts amounted to £0 (2022- £0)-
24 APB E¢hi¢*l Standard$ r¢l¢v#n¢ CiTcuinstaTr¢4s
In comrnon with many other chan'iies of our size and we u5¢ our auditors to prcpart and submit returns to the tax
authorities.
Page 28