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2023-07-31-accounts

Page
Report of theTrustees ?
StatementofTrustee Responsibilities 1.1
Balance Sheet 12
StatementofFinancialActivities 13
NotestotheFinancialStatements t4
lndependentExaminer'sReporttothe Trustees 22

Activity Risk Mitigation
Activities1,3and4 - a)Misappropriationof rThe Charity doesnotpledgecreditandits
LivingWordUganda funds. sole assetiscashheld inaUKbank.
Servants oftheWord blTheinherentrisksof oClosemonitoringoftheuseoffundsthrough
The Gambia, working in Africa's financial, visits,Skype conversations,referencetake-
WordIncrease banking, ethical andlegal up andemails.
Ministries climate. rStrong relationships are sustainedwithall
Activity2 - a)Misappropriationof partiessupportedbytheCharity.
Amazing Grace School funds. rFinancialcontrols-budgetmonitoring,
b)Theinherentrisksof monthly reporting, auditsofbank accounts
rvorkinginUganda's andfinancial practice.
financial, banking ethicaland .Structural and ethical accountabilityofthe
legalclimate. LWU,WIMand SOWboardsandstaffto the
LWIboardisexplicitinpartnership
agreements.{ActivityL,3and 4only}

Total Prior
Designatedfunds General
Funds		 Period
LWU A6
WtM		 sow funds
t1,lo7l2O23		 3LlO7l2O22
Currentsssets: fs fs
fs		 fs fs
fs		 fs
Debtors (Gift aid receipts due) 178 38
53		 26 8
301		 1,640
Cashatbankand inhand 23,079 L,238Z4,g3g 30,0L1 30,967
L10,L35		 93,,L4L
Totatcurrentessets 23,257 L,27624,89L 30,037 30,975 1L0,436 g2,7BL
Creditarsfallingduewithinoneyeor
Othercreditors		 5,000 2,500 2,500 1,050
11,050		 9,060
Netcurrentassets t8,757 L,27522,391 27,537 29,925 99,3g6 93,72t
Netassets 19,257 L,27622,397 27,537 29,925 99,3g6 93,721
Thefundsolthecharity:
Unrestrictedfunds L8,257 t,276Z2,3gL 27,537 29,925 99,3g6 93,72L
Total charity funds L8,257 1,,276Z2,3gL 27,537 29,925 99,3g6 93,77L

c Restricted Designated Designated General Total Total
cz Fund Funds Fund Funds
LWU LWU AG WIM sow 2023 7g2Z
Income €s €s €s fs €s fs €s fs
Donations 30,000 37,392 8,673 49,783 37,293 9,92! fi3,A62 L26,253
lnvestmentlncome 3L2 JLL aJ
Total lncome 2 30,000 37,392 9,673 49,783 37,293 10,233 t73,374 L26,255
Expenditure
CharitableActivities:
Governance andManagement
Directexpenditureon		 3
7		 30,000 32,L35 8,300 42,LAL 5,909
39,562703		 5,909
151-,801		 3,652
1140Os
Education
Total Expenditure 30,000 32,L35 8,300 42,LAt 38,562 6,6t2 L57,7LA 117,656
Net income/{expenditure} 0 5,257 373 7,682 (L,269) 3,62L 15,664 8,600
Transfer betweenfunds 0 0 0 1,500 0 (1,500)
Net movementinfunds 0 s,257 373 9,L82 (L,2691 2,12L 15,664 8,600
Reconciliationoffunds
Totalfundsbroughtforward
Total fundscarriedforward		 0
0		 13,000903
L8,257
L,276		 13,249
22,39L		 28,806
27,5?7		 27,903
29,924		 83,727
99,395		 75,721
93,72L

AnalysisofDonorSources
242? 2022
DonorSource 12months 12 months Fund
€s €s
TrusteesofLWI/Relatedparties 0 0 LivingWordU
CharitableTrusts/Churches 44,495 34,429 LivingWordU
lndividual donors 20,3L4 L4,877 LivingWordU
Gift Aid received 3,019 4,916 LivingWordU
lncrease/{decrease}inunclaimedgiftaid (436) 17zLl LivingWord
TotalLivingWordUganda 67,392 53,400
TrusteesofLWI/Related parties 450 0 AmazingGrac
CharitableTrustsIChurches 9LI 8L7 Amazing Grac
lndividual donors 5,808 7,448 AmazingGrac
Gift Aid received 3-,573 1,088 Amazing Grac
lncrease/{decrease} in unclaimedgiftaid {15e) {32s) AmazingGrac
Total AmazingGrace School 8,673 9,028

TrusteesofLWI/Relatedparties 9,000 45U WordlncreaseMinistries
CharitableTrusts/Churches 28,738 25,27A WordlncreaseMinistries
lndividual donors 8,870 6,935 WordIncreaseMinistries
Gift Aid received 3,853 353 WordlncreaseMinistries
lncrease/(decrease) in unclaimedgiftaid (678) 605 WordlncreaseMinistries
TotalWord lncrease Ministries 49,783 33,6L2
TrusteesofLWI/Relatedparties 2L7 352 SOWTheGambia
CharitableTrusts/Churches 34,82L 16,358 SOWThe Gambia
lndividualdonors 1,996 2,79'J, SOWThe Gambia
Gift Aid received 300 2L3 SOWThe Gambia
lnrease/(decrease)in unclaimedgiftaid (41) 28 SOWThe Gambia
TotalSOWTheGambia 37,293 tg,76t
TrusteesofLWI/Relatedparties 1,094 85 GeneralFund
Charita ble Trusts/Churches 4,!44 4,259 GeneralFund
lndividualdonors 4,375 5,853 GeneralFund
Easyfundraising 238 153 GeneralFund
Gift Aid received L34 LO7 GeneralFund
lncreasel(decrease)inunciaimedgiftaid (lsi (ls) GeneralFund
lnterest 312 3 GeneralFund
TotalGeneralFund 10,233 10,455
Totalallsources L73,174 L26,256

Expensesreimbursedto the trusteesandothercosts 2023 2A22
Payee 12months 12 months
€s fs
Direct ExpenditureonEducation
(expendedinaccordancewithdonors'wishes):
Shipment ofbookstoUganda DavidS.Creed L,9?7 436
Partner websitecosts DavidS.Creed 185
Expensespaidon behalfofLW Uganda RachaelHolyome 200
Books LanghamPartnership 1,200
CommentariesforRwanda DavidS,Creed 58
PurchaseofBibles DavidS.Creed 278 1.50
Printing of Children'sBibles Crossway L78
LaptopsforAfricanpartnerorganisations DavidSCreed 739 498
Education events inUK DavidS.Creed 25 160
FlightforConrad MbewetoLWUconference FAIRFXPLC 815
FlightsforDetermineand Vedastetoconference DavidS.Creed 372
Flight/visaforAndrewSachtoLWUconference AndrewSach 938 1,112
Total 4,27t 5,001
Expenditureonmanagingthe Charity:
Administrativeservicesfor the charity DavidS.Creed 3,1_68
Advertising DavidS.Creed 39
TransportwithinUK DavidSCreed 241, 310
FlighttoUganda, visaand malariatablets DavidS.Creed 672 655
FlightUgandatoRwandareturnforDSCreed DavidS.Creed 405
ReturnflightforDeterminetoUK DavidS.Creed 805
Covidaccommodationcosts DavidS.Creed 68
FlighttoUgandaforDSCreedinJan2A24 David 5. Creed 599
CompanyHouserenewal DavidS.Creed 13
Website and maintenance DavidS.Creed 60 255
Stationary/Postbox DavidS.Creed 76 94
lndependentexamination Stewardship 1-,080 1,020
Tota! 5,909 3,652
Totalforreimbursedexpensesandothercosts 10,180 8,653

2023 2023 2;023 2423 2023 2021
12months 12months 12months 12months 12months 12month
Allocation ofexpenses reimbursedto LWU AG WIM sow GeneralFund Total
trusteesandothercosts: fs €s fs fs fs fs
Directexpenditureon Education 3,444 0 62 62 703 4,271
Expenditure onmanagingthe
Charity		 0 0 0 0 5,909 5,909
?,444 0 62 62 6,6L2 10,180
2422 2422 2022 2A22 2022 2822
12months 12months 12months 12months 12months 12month
Allocation ofexpenses reimbursedto LWU AG wtM sow GeneralFund Total
trusteesandothercosts: €s Cs f,s fs fs fs
Directexpenditureon Education 3,313 0 928 0 764 5,001
Expenditureonmanagingthe
Charity		 94 39 1",030 57 2,432 3,652
3,4A7 39 1,958 57 3,L92 8,653

e charity undertakesitscharitable activities throughgrant making.
rposes ofthegrantswere:		 Grants made inthep eriodandth
Analysisof CharitableExpenditure 2A2t 2022
12months 12months
LivingWordUganda fs fs
Ugandaconferenceexpenses t,112 L0,932
Staffcosts 35,770
Day-to'day runningcosts(office,rent, administrationetc.) 7,968 34,441
Ministrycosts(excluding conferences) 8,841 5,624
Laptops 767
Bookshelves/Furnitu re 244
Provisionyearendgrantcommitment{paidAugust/September) 5,000 3,000
Total 58,691 54,364
AmazingGrace School
Hardshipfund 1,800 2,444
Classroomplasteringrepairsanddecoration 5,200
Legalcosts 500
Purchaseofnew land (playground) 3,425
Newmulti-storyaccommodation block 800 6,400
Total 8,300
t2,225
WordlncreaseMinistries,Rwanda
TrainingCourse{staff,office, rent, administrationetc.} 30,393 35,915
Financial servicesfwomen's ministry 4,754
DisciplingtheNextGeneration 3,250
Covid costs 500
Ministryplacement scheme(VedasteHabarurema) 'J-,!46 1,000
Frovision year end grantcommitment{paidAugust/September} 2,500 2,500
Total 42,O39 39,915
Servants ofthe Word,TheGambia
TrainingCourse(staff,office, rent, administrationetc.) 29,000
Building fund-WallsIClassroom atTubakuta 7,AAA
Provisionyearendgrantcommitment(paidAugust/September) 2,5@ 2,500
Total 38,500 2,500
Total 147,530109,004

21

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES- NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31st JULY 2023

7. Direct expenditure on Education

All the charity's activity in objects are directed towards education. Funding for this purpose is provided either directly as grants sent to bank accounts for draw down by LWU, AG, WIM or SOW. In addition certain expenses are incurred by trustees in the UK at the request of LWU, AG, WIM and SOW in providing services and materials sourced in the UK and made available to LWU, AG, WIM or SOW.

Direct expenditure on
Education
Grants payable (see note 6)
Other direct expenditure (see
note 5)
Direct expenditure on
Education
Grants payable (see note 6)
Other direct expenditure (see
note S)		 2023
12 months
LWU
£s
58,691
3,444
2023
12 months
AG
£5
8,300
0
2023
2023
2023
12 months
12 months
12 months
WIM
sow
General Fund
£5
£5
£5
42,039
38,500
0
62
62
703
2023
12 months
Total
£s
147,530
4,271
62,135
8,300
42,101
38,562
703
151,801
2022
12 months
LWU
£5
54,364
3,313
57,677
2022
12 months
AG
£5
12,225
0
12,225
2022
2022
2022
12 months
12 months
12 months
WIM
sow
General Fund
£5
£5
£5
39,915
2,500
0
928
0
760
40,843
2,500
760
2022
12 months
Total
£5
109,004
5,001
114,005

8. Movements on designated funds in the previous year

2022 - 12 months
Living Word Uganda
LWU Restricted
Amazing Grace School
Word Increase Ministry
Servants of the Word
General Fund
Total		 Balance
Donated
InvestmentAllocated
Grants
Transfers
b/forward
Income
Income
Costs
Made
btn funds
£5
£s
£5
£s
£5
17,370
38,400
94
42,677
0
0
15,000
15,000
0
4,138
9,028
39
12,225
0
21,470
33,612
1,030
40,843
0
11,603
19,761
57
2,500
0
20,540
10,453
3
2,432
760
0
Funds
c/forward
£5
13,000
0
903
13,209
28,806
27,803
75,121
126,253
3
3,652
114,005
0
83,721

22

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIVING WORD INTERNATIONAL

('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2023 on pages 12 to 21 previously shown, which have been prepared on the basis of the accounting policies set out on pages 14 to 16 previously.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

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

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

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

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

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

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Sarah Crispin ACA Stewardship 1 Lamb's Passage London, EC1Y 8AB

Date: 11 April 2024