OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-07-31-accounts

LIVING WORD INTERNATIONAL

Charity No. 1165611

Company No. 09523029

TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS

For the 12 months ended 31[st] July 2025

1

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES

FOR THE 12 MONTHS ENDED 31[st] JULY 2025

FOR THE 12 MONTHS ENDED 31st JULY 2025 FOR THE 12 MONTHS ENDED 31st JULY 2025
_____________
CONTENTS
Page
Report of the Trustees 2
Statement of Trustee Responsibilities 11
Balance Sheet 12
Statement of Financial Activities 13
Notes to the Financial Statements 14
Independent Examiner's Report to the Trustees 22

2

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES

FOR THE 12 MONTHS ENDED 31[st] JULY 2025

_____________ The trustees (who are also directors for the purposes of company law) present their annual report and financial statements of the charitable company (‘the charity’) for the period ended 31[st] July 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s Articles of Association, the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.

OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT

The purposes of the Charity as set out in its governing Articles of Association can be summarised as:

Object 1 - To advance the Christian faith in accordance with the Statement of Beliefs appearing in the Schedule in the United Kingdom and the World as the directors of the Charity may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Charity.

Object 2 - To relieve sickness and financial hardship and to promote good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in the United Kingdom or the World as the directors from time to time think fit.

The organisation achieves these objectives by:

Activity 1 - To supply funding, subject to appropriate accountability, to "Living Word Uganda" a Ugandan registered charitable company, which provides very highly subsidized education to adult students by means of conferences, a 6-month full-time training course, evening classes and regional day / weekend events.

Activity 2 - To supply funding, subject to appropriate accountability, for infrastructure projects and other essential needs to a school for pre- and primary school children in South-West Uganda – The “Amazing Grace Pre-primary and Primary School” in Kisoro. The School is managed by a Ugandan charity: “Amazing Grace Advocacy and Support for the Vulnerable", not linked to “Living Word Uganda”.

Activity 3 - To supply funding, subject to appropriate accountability, to "Servants of the Word, The Gambia" a Gambian registered charitable company, which provides highly subsidised education to adult students by means of a 9-month full and part-time training courses and supports a church “The Truth Gospel Mission”.

Activity 4 - To supply funding, subject to appropriate accountability, to "Word Increase Ministries" a Rwandan registered charitable company, which provides subsidised education to adult students by means of a 2-year part-time training course as well as a separate training course for teaching children’s leaders and an outreach educational programme to a remote tribal group in northern Rwanda, the “Nyagabeni Mission Project” .

The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Charity’s aims and objectives, in planning future activities and setting the grant making policy for the period. The Charity achieves its charitable purposes for the public benefit through its grant-making policy which aims at furthering the two objectives listed.

3

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES

FOR THE 12 MONTHS ENDED 31[st] JULY 2025

GRANT MAKING POLICY

The Charity has established its grant making policy to achieve its objects listed above for the public benefit. The Charity’s aim for each objective is:

Activity 1 - To provide education regarding the Christian faith to adult students throughout Uganda to the degree permitted by funds received by the Charity.

Activity 2 - To provide infrastructure development to a pre and primary school in South-West Uganda to the degree permitted by funds received by the Charity.

Activity 3 - To provide education regarding the Christian faith to adult students throughout The Gambia and West Africa to the degree permitted by funds received by the Charity.

Activity 4 - To provide education regarding the Christian faith to adult students throughout Rwanda to the degree permitted by funds received by the Charity.

We review the grant making policy annually to ensure that it reflects the charity’s objects and thereby advances public benefit.

DELIVERY OF PUBLIC BENEFIT AND MONITORING OF ACHIEVEMENT

In the reporting period Living Word International (‘LWI’) provided public benefit through:

Activity 1 - Providing funding with appropriate accountability to "Living Word Uganda" a Ugandan registered charitable company.

During the period covered by this report a total of £45,101 (12 months to 31.7.2024: £47,400) was made as grants to “Living Word Uganda” (‘LWU’) and a further £5,123 (12 months to 31.7.2024 £1,619) was spent in the UK on goods and services for LWU at their request. This Ugandan registered charity provides education to undergraduate and post graduate students in Uganda. The education is centred on the Christian faith and how it is to be lived out, particularly encouraging charitable acts to others regardless of tribe, culture, religion or ethnicity.

In the period covered by this report LWU celebrated 10 years of ministry with an event with 70 of its partners. Its activities were:

4

All these events were supported by over 1000kg books shipped to Uganda for distribution at the events.

In August 2024 William Kuteesa (Apprentice training lead) joined the staff team led by Derrick Rugamba. Boaz Atuheire (Pastors’ training lead) was funded to move to the UK with his family for a year of study at the Cornhill Training Course in London after which he returned to LWU. In addition, Joan Numurungi (Women’s lead) was funded to visit the UK for training in children’s ministry for 3 months, during which time she resided with Dr Stuart Creed and his family after which she returned to LWU. In September 2025 Allan Ash left the staff team to pursue further training in London UK. The staff team now comprises 7 full-time employees and two full-time volunteers.

Regular video call meetings, phone and email correspondence have occurred between the Directors and staff of Living Word Uganda and trustees of Living Word International, in particular Dr. Stuart Creed (CEO). In January 2025 Dr. Stuart Creed was able to attend the ETC pastors’ conference and was able to meet the LWU Board to plan for the future.

During the period LWU has collected funding to support its 5-year strategic plan and associated development plan for future sustainability. This consists of purchasing suitable land and building a purpose-built conference centre on the land to decrease expenditure (as it will serve as a venue for conferences and other training events), doubling up as a business enterprise to generate income for the work of the Living Word Uganda through the hire of its facilities. In January 2026 Dr. Stuart Creed visited the staff team and LWU board and was able to visit land identified for purchase by LWU to advance this plan. On February 5[th] 2026, 15 acres of suitable land was purchased by LWU near Dambwe Kamuli Trading Centre, Wakiso.

Satisfactory quarterly account updates and activity reports have been received, requirements specified in a partnership agreement between the Charity and Living Word Uganda in order for funding to be provided.

5

Activity 2 - To supply funding, with appropriate accountability, for infrastructure projects and other essential needs to a school for pre- and primary school children in South-West Uganda.

At the time of this report 517 children (aged 3-13) attend the school of which 220 are borders. Of these children 25% were chosen from extremely poor backgrounds and many are orphans. The parents of the remaining children help by paying school fees to pay for the ongoing staff / running costs of the school, but this is not sufficient for the infrastructure / other essential facilities needed at the school.

As such, during the reporting period, financial support of £18,477 (12 months to 31.7.2024: £8,602) was sent to the school by Living Word International for infrastructure projects and hardship relief:

Dr. Creed visited the school in January 2025 to inspect the accounts, bank statements and infrastructure projects and confirmed the funds have been spent as specified by the school. He was also able to speak to the staff at the school and plan with the Ugandan Directors the school’s future infrastructure projects. In 2025 the Primary Leaving Examination results for the school were very good - the school came in 2[nd] place for academic achievement in the district of approximately 180 schools with 70% students (35/50) achieving the top-grade division and all other students the second highest grade division.

Activity 3 - Providing funding with appropriate accountability to "Servants of the Word" a Gambian registered charitable company.

Servants of the Word provides adult education for students throughout The Gambia, with students also attending from across West Africa. During the period covered by this report £49,589 was made in grants made to “Servants of the Word” (‘SOW’) (12 months to 31.7.24: £34,435). £14,065 of this was spent on infrastructure (classrooms and road repairs) (12 months to 31.7.2024: £7,000), £10,580 was spent on a new initiative a church called the Truth Gospel Mission (£5,150 of which was for building development) and the remainder was spent on providing Bible training courses at the two campuses, at other occasional conferences and meetings, and other supporting ministries such as the Tailoring School and Farming God’s Way programmes. A further £1,086 (flight for Adriano Mbackeh (teacher at SOW) to study in South Africa) (12 months to 31.7.2024 £0) and £66 (website provision) (12 months to 31.7.2024 £64) was spent in the UK for SOW at their request.

The ministry of Servants of the Word has six main activities:

6

Mr. Mark Vernon (LWI trustee) has remained in close contact with Steven Musa Kormayea (SOW Director) and other SOW faculty in The Gambia. In April 2025 and again in February 2026 he visited The Gambia to meet the Directors and review their work. Satisfactory quarterly updates have been received, a requirement specified in a partnership agreement between the Charity and SOW in order for funding to be provided.

Activity 4 - Providing funding with appropriate accountability to "Word Increase Ministries" a Rwandan registered charitable company.

During the period covered by this report a total of £56,167 (12 months to 31.7.2024: £55,100) was made as grants to “Word Increase Ministries” (‘WIM’). A further £6,095 (12 months to 31.7.2024 £4,138) was spent in the UK (£3,850 training course fees for Jean Ngirimana (Discipling the Next Generation) studying in Canada, £862 on return flights for Determine Dusabumuremyi to visit supporters in the UK, £1,071 on return flights for Jean Ngirimana for a return visit to Rwanda from Canada for DNG conferences, £246 on a projector and £66 website provision) for WIM at their request. This Rwandan registered charity provides education to undergraduate and post graduate students in Rwanda. The education is centred on the Christian faith and how it is to be lived out, particularly encouraging charitable acts to others regardless of tribe, culture, religion or ethnicity. There are three aspects to this work:

1) WIM training Course

During the period covered by this report a total of 47 students were trained and graduated on the WIM training course which prepares students for church leadership.

In addition, weekly small groups for men and women provided pastoral support for the students. In July 2025 20 participants attended a leaders and teachers training at the Remera Anglican Church. On 17[th] -19[th] April 2025 WIM hosted a 3-day training conference for church workers with 77 participants. The main speaker was Derrick Rugamba (Team leader at Living Word Uganda).

2) Discipling the Next Generation

This aspect of the work involves 6 part-time workers teaching children’s teachers and running conferences for parents, along with running Kids Clubs and Holiday Clubs and providing resources to aid in the teaching of children. They also run a radio programme and library.

In June 2025 a parenting conference for 118 participants was held in Kigali to equip parents with better skills to teach and train their children.

In October 2023 Jean Ngirimana (team leader) left with his family for Toronto Canada for theological training. He was able to return to Rwanda briefly in June 2025 to teach at the parenting conference and visit and encourage the team with temporary leader Patrick Gahigana. He aims to return to work for WIM on completion of his studies.

3) Nyabageni Mission Project

This work involves supporting a church in a remote and extremely poor community in northern Rwanda “Nyabageni Mission Church”. Led by Mr. Vedaste Habarurema an ex-student of the WIM classes, this project runs the church, supports the local community with the production of agricultural produce and serves as a place for students on the WIM training course to come to learn practical ministry.

In January 2025 Dr. Stuart Creed (CEO LWI) was able to visit and teach at the WIM classes in Kigali and hold meetings with WIM staff and Directors and talk through plans for the development of the work. In addition, Dr. Creed visited the Nyabageni Mission Project and and met the staff involved with “Discipling the Next Generation”. He was able to confirm the funds have been spent as specified by WIM. Regular video meetings, WhatsApp and email correspondence have occurred throughout the period covered by this report between the Directors and staff of Word Increase Ministries and trustees of Living Word International (in particular Dr Stuart Creed (CEO) and Mr. Loots Lambrechts (who acts an advisor to the LWI Board).

Satisfactory quarterly account updates and activity reports have been received, requirements specified in a partnership agreement between the Charity and Word Increase Ministries in order for funding to be provided.

7

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES

FOR THE 12 MONTHS ENDED 31[st] JULY 2025

FINANCIAL REVIEW

The financial statements for the 12-month period ended 31[st] July 2025 are specified below. These statements show how the funds have been applied in the period. The Trustees believe that the Charity is in a satisfactory financial position at the period end and is in a position to meet all its obligations. The Trustees confirm that the assets of the Charity are held solely for the charitable objectives set out in this report.

FUND RAISING OBJECTIVES AND SOURCES

Since the Charity’s inception its target has been to raise sufficient funds to meet agreed annual budgets for the indigenous organisations it supports. The exception to this is the support for Amazing Grace School where the objective is primarily to raise what the Charity can and pass the funds on in furtherance of infrastructure development at the school.

In addition to the existing partnership agreement between LWI and Living Word Uganda (LWU), in November 2019 a partnership agreement was signed with Word Increase Ministries Rwanda (WIM) and in February 2020 a partnership agreement was signed with Servants of the Word, The Gambia (SOW).

The Charity’s target has now therefore been extended to raise sufficient funds to meet the agreed annual budgets of LWU, WIM and SOW. In addition, the Charity seeks to raise what it can for a development plan for LWU, the infrastructure developments at Amazing Grace School, developing the teaching campus on land owned by SOW at Tubakuta, The Gambia, and on land owned by WIM for the Nyabageni Mission Project.

Donors express non-binding wishes regarding the use of their gifts to the charity and, as far as possible, the trustees endeavour to respect those wishes by designating income, in accordance with those wishes, to the Living Word Uganda fund, the Amazing Grace School fund, the Word Increase Ministries fund, the Servants of the Word fund or the General Fund. In addition, a restricted donation was received from the Lauderdale Trust for LWU. A target ‘UK governance expenses to total expenditure ratio’ of 10% is maintained (this year’s actual: 3.9%) (2024: 3.8%) and to date the charity has operated well within this limit. The amounts designated in respect of each fund are disclosed in the accompanying accounts.

The Charity’s work is dependent on a continuing flow of donations. The funding sources of the charity are from voluntary contributions from individuals, trusts and churches across the United Kingdom. The charity does not accept donations in cash.

The Trustees are encouraged that its supporting individuals, trusts and churches have demonstrated a loyalty to the Charity and expect their contributions to continue, but the Trustees will also continue to encourage voluntary contributions from other individuals and churches to allow the Charity to sustain its current activities.

At the period-end the Charity had a constructive obligation to make grant payments for a total of £10,000 in the new financial year and this has been included in these accounts; there were no other grant making obligations at the balance sheet date.

8

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES

FOR THE 12 MONTHS ENDED 31[st] JULY 2025

INVESTMENT POLICY AND PERFORMANCE

The Charity ensures that its current bank account, which does not pay interest, holds all its received donations until they are either paid out to grant and loan beneficiaries or moved to interest-bearing savings accounts. The Charity does not receive or hold any monies as cash in hand. Funds for the objectives of the Charity are co-mingled in the bank accounts, but the designated purpose for which the funds were donated is maintained.

MANAGEMENT RESOURCES AND EXPENSES

All the activities of the Charity are undertaken by unpaid volunteers and the trustees. All payments of expenses were approved by the trustees and made against documented receipts of expenditure. Details of the expenditure are stated in note 3 to the accounts.

RESERVES & INVESTMENTS POLICY

On 30[th] April 2018, the trustees determined that the charity should aim to hold unrestricted cash equal to no less than three month’s projected expenditure, which is currently estimated to be £40,000. This target has been achieved and the charity ended the year with just under £175,134 in cash. The charity’s policy for holding cash reserves is reviewed annually in September and the charity’s actual cash reserves are monitored throughout the year.

The Charity’s investment policy is to hold its reserves as cash in bank. As at 31[st] July 2025 cash balances were £19,544 (2024: £11,385) in the current account with a further £155,590 (2024: £118,683) held in a savings accounts. The Charity’s total reserves of £168,275 were designated as £101,628 (2024: £55,801) to Living Word Uganda fund, £3,285 (2024: £1,632) to Amazing Grace School fund, £25,453 (2024: £24,669) to Word Increase Ministries fund, £19,519 (2024: £23,870) to Servants of the Word fund and General Fund £18,390 (2024: £13,449).

9

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES

FOR THE 12 MONTHS ENDED 31[st] JULY 2025

RISK ASSESSMENT

The Trustees carry out an annual review of the potential risks to the Charity and believe that there are satisfactory systems in place to identify and mitigate any material exposure. The Trustees regard the risk exposure as being low. The principal risks faced by the Charity are:

Activity Risk Mitigation
Activities 1,3 and 4-
Living Word Uganda
Servants of the Word
The Gambia,
Word Increase
Ministries		 a) Misappropriation of
funds.
b) The inherent risks of
working in Africa’s financial,
banking, ethical and legal
climate.		 • The Charity does not pledge credit and its
sole asset is cash held in a UK bank.
• Close monitoring of the use of funds through
visits, video conversations, reference take-
up and emails.
• Strong relationships are sustained with all
parties supported by the Charity.
• Financial controls – budget monitoring,
monthly reporting, audits of bank accounts
and financial practice.
• Structural and ethical accountability of the
LWU, WIM and SOW boards and staff to the
LWI board is explicit in partnership
agreements. (Activity 1, 3 and 4 only)
Activity 2-
Amazing Grace School		 a) Misappropriation of
funds.
b) The inherent risks of
working in Uganda’s
financial, banking ethical and
legal climate.

PLANS FOR THE FUTURE

The Charity intends to continue with its support of Living Word Uganda (Uganda), the Amazing Grace School (Uganda), Word Increase Ministries (Rwanda) and Servants of the Word (The Gambia) at a level of financial commitment similar to that of this reporting period. With the exception of the Amazing Grace School (which receives funds for new infrastructure projects and hardship support only when raised) LWI’s support is based on aspiration payments (not pledges) based on estimated income to the Charity. This is based on analysis of past, current and expected future donor support.

Looking ahead to 2026, the Charity will continue to endeavour to assist LWU with raising the capital necessary to implement their development plan for future sustainability.

In addition, the Charity is looking into the possibility of developing a partnership with Dar Es Salaam Bible College in Tanzania after visits in October 2025 and January 2026 by Dr. Stuart Creed. Furthermore, the Charity is looking into the possibility of developing a partnership with a new initiative aiming to begin in January 2027 in South Sudan. The plan is for this to be headed up by Mr. Seme Jackson, a South Sudanese citizen, who has received training in South Africa and is currently working as a volunteer at Living Word Uganda, where he is gaining experience in how to manage and operate the planned future work.

The Charity remains open to the possibility of developing other new like-minded international partners with similar aims and core values.

10

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES

FOR THE 12 MONTHS ENDED 31[st] JULY 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

The trustees consider that the board of trustees and the chief executive comprise the key management personnel of the charity in charge of directing and controlling the charity, and running and operating the charity on a day-to-day basis. All trustees give of their time to fulfil their trustee duties freely. In addition to his trustee duties, Dr. Stuart Creed carried out the essential administrative tasks needed to run the charity (18 hours a week) for which he was reimbursed £3,816 for the period covered by this report. Details of trustee expenses and any related party transactions are disclosed in note 3 to the accounts. Trustees are required to disclose all relevant interests and register them with the chief executive and in accordance with the Charity’s policy withdraw from decisions where a conflict of interest arises.

New trustees are appointed by the existing trustees and serve for three years after which they may put themselves forward for re-appointment. The Articles of Association provides for a minimum of three trustees but does not stipulate any maximum number. At the quarterly trustees’ meetings, the trustees agree the broad strategy and areas of activity for the Charity, including consideration of grant making, investment, reserves and risk management policies and performance.

The trustees all share a united faith in the Lord Jesus Christ. It is the desire of the trustees to offer in service their experience to the Christian charitable work in which they become involved, making the charity a "behind the scenes" supporter for the majority of its work.

REFERENCE AND ADMINISTRATIVE INFORMATION

The charity was established by a charitable trust settlement dated 17[th] February 2016 and is registered with the Charity Commissioners as number 1165611. It is also registered as a private company limited by guarantee and not having a share capital as number 09523029. These financial statements cover the 9th period of operation under a Memorandum and Articles of Association established on 1[st] April 2015. The charity became operational with the first donations it received in November 2015.

For the period 1 August 2024 to 31 July 2025 the Trustees were:

Mr. Mark Vernon – Chair (Appointed 16 November 2020) Dr. David Stuart Creed – Chief Executive Officer and Trustee (Appointed 1 April 2015) Mr. James Houghton - Trustee (Appointed 28[th] April 2025) Mr. James Read – Trustee (Appointed 28[th] April 2025) Mr. Luke Brereton – Trustee (resigned 8[th] July 2025) Rev. Stephen Paul Smith - Trustee (resigned 28 August 2024)

The Bankers for the Charity are Barclays Bank, St. Andrew’s Street, Cambridge, CB2 3AR.

The Independent Examiner is Sarah Crispin ACA of Stewardship, 1 Lamb's Passage, London EC1Y 8AB.

The Charity’s registered office and principal address is: Lytchett House, 13 Freeland Park, Wareham Road, Poole, Dorset, BH16 6FA.

11

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES - STATEMENT OF TRUSTEE RESPONSIBILITIES

FOR THE 12 MONTHS ENDED 31[st] JULY 2025

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by the Board of Trustees on

Apr 13, 2026

And signed on their behalf by: Dr. David S. Creed, Director

David Stuart Creed

David Stuart Creed (Apr 13, 2026 10:24:04 GMT+1)

12

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES - BALANCE SHEET (COMPANY NUMBER: 09523029)

FOR THE 12 MONTHS ENDED 31[st] JULY 2025

Living Word International Balance Sheet as at 31 July 2025

Current assets:
Debtors (Gift aid receipts due)
Cash at bank and in hand
Total current assets
Creditors falling due within one year
Other creditors
Net current assets
Net assets
The funds of the charity:
Unrestricted funds
Total charity funds		 Designated funds
LWU
AG
WIM
£s
£s
£s
1,745
169
390
104,883
3,116
27,563		 Total
Prior
General
Funds
Period
SOW
funds
31/07/2025 31/07/2024
£s
£s
£s
£s
2,923
5
5,232
713
19,096
20,475
175,133
130,068
106,628
3,285
27,953
5,000
-
2,500		 22,019
20,480
180,365
130,781
2,500
2,090*
12,090
11,360
101,628
3,285
25,453		 19,519
18,390
168,275
119,421
101,628
3,285
25,453		 19,519
18,390
168,275
119,421
101,628
3,285
25,453		 19,519
18,390
168,275
119,421
101,628
3,285
25,453		 19,519
18,390
168,275
119,421

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies

on ___ and were signed on its behalf by: Apr 13, 2026

David Stuart Creed

David Stuart Creed (Apr 13, 2026 10:24:04 GMT+1)

Dr. David S. Creed, Director

The notes on pages 14 to 21 form part of these financial statements.

13

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES - STATEMENT OF FINANCIAL ACTIVITIES

FOR THE 12 MONTHS ENDED 31[st] JULY 2025

Living Word International

Statement of Financial Activities

Including Income and Expenditure Account for the 12 month period ending 31 July 2025

Note
Restric
ted
Fund
Designated
Funds
General
Fund
Total
Funds
LWU
LWU
AG
WIM
SOW
2025
2024
Income
£s
£s
£s
£s
£s
£s
£s
£s
Donations
2
15,000
81,051
20,130
63,046
46,390
14,009
239,716
176,361
Investment Income
-
-
-
-
-
1,907
1,907
1,289
Total Income
15,000
81,051
20,130
63,046
46,390
16,006
241,623
177,650
Expenditure
Charitable Activities:
Governance and Management
3
-
-
-
-
-
7,761
7,761
6,256
Direct expenditure on
Education
7
15,000
35,224
18,477
62,262
50,741
3,304
185,008
151,358
Total Expenditure
15,000
35,224
18,477
62,262
50,741
11,065
192,769
157,614
Net income / (expenditure)
0
45,827
1,653
784
(4,351)
4,941
48,854
20,036
Transfer between funds
0
0
0
0
0
0
0
-
Net movement in funds
0
45,827
1,653
784
(4,351)
4,941
48,854
20,036
Reconciliation of funds
Total funds brought forward
0
55,801
1,632
24,669
23,870
13,449
119,421
99,385		 Note
Restric
ted
Fund
Designated
Funds
General
Fund
Total
Funds
LWU
LWU
AG
WIM
SOW
2025
2024
Income
£s
£s
£s
£s
£s
£s
£s
£s
Donations
2
15,000
81,051
20,130
63,046
46,390
14,009
239,716
176,361
Investment Income
-
-
-
-
-
1,907
1,907
1,289
Total Income
15,000
81,051
20,130
63,046
46,390
16,006
241,623
177,650
Expenditure
Charitable Activities:
Governance and Management
3
-
-
-
-
-
7,761
7,761
6,256
Direct expenditure on
Education
7
15,000
35,224
18,477
62,262
50,741
3,304
185,008
151,358
Total Expenditure
15,000
35,224
18,477
62,262
50,741
11,065
192,769
157,614
Net income / (expenditure)
0
45,827
1,653
784
(4,351)
4,941
48,854
20,036
Transfer between funds
0
0
0
0
0
0
0
-
Net movement in funds
0
45,827
1,653
784
(4,351)
4,941
48,854
20,036
Reconciliation of funds
Total funds brought forward
0
55,801
1,632
24,669
23,870
13,449
119,421
99,385
15,000
81,051
20,130
63,046
46,390
16,006
241,623
177,650

-
-
-
-
-
7,761
7,761
6,256

15,000
35,224
18,477
62,262
50,741
3,304
185,008
151,358
15,000
35,224
18,477
62,262
50,741
11,065
192,769
157,614
0
45,827
1,653
784
(4,351)
4,941
48,854
20,036
0
0
0
0
0
0
0
-
0
45,827
1,653
784
(4,351)
4,941
48,854
20,036
0
55,801
1,632
24,669
23,870
13,449
119,421
99,385
Total funds carried forward 0
101,628
3,285
25,453
19,519
18,390
168,275
119,421

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing operations. The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on pages 14 to 21 form part of these financial statements.

14

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES – NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31[st] JULY 2025

_____________

NOTES TO THE FINANCIAL STATEMENTS

1. Accounting Policies

(a ) Basis of preparation and assessment of going concern

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

(b) Funds structure

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.

Donors express non-binding wishes regarding the use of their gifts and, as far as possible, the trustees endeavour to respect those wishes by designating income, in accordance with those wishes, to the Living Word Uganda fund, the Amazing Grace School fund, the Word Increase Ministries fund, the Servants of the Word fund or the General fund. Donors are made aware that usually 10% of donations from individuals and 5% donations from Trusts/ Churches (to all funds except the General Fund) are allocated to the General Fund to meet the charity’s governance and management costs. Any excess in the General Fund is used to fund one off projects or proportionally reallocated to the designated funds which would have otherwise benefitted according to a General Fund policy statement. The movements on each designated fund are disclosed in the notes that follow.

The charity also received restricted income in the current period for LWU (not the preceding period) as detailed separately.

15

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES – NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31st JULY 2025

_____________

(c ) Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. No gifts or donations were received in the period other than as bank cheques and bank cash deposits, or bank transfers.

(d ) Expenditure recognition

Expenditure is recognised as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more detail on this attribution refer to note 3.

Grants payable are payments made to third parties in the furtherance of the charitable objects of the charity. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award and the notification gives the recipient a reasonable expectation that they will receive the grant. Grant awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the charity. Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty as to the timing of the grant or the amount of grant payable. Multi-year grants are not made.

(e ) Irrecoverable VAT

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

(f ) Allocation of support and governance costs

All centrally incurred costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory independent examination and legal fees. Governance costs and support costs relating to charitable activities have been apportioned to the funds supported by the charity based on the purpose of the expenditure. The allocation of support and governance costs is analysed in notes 3 to 5.

(g ) Charitable activities

Costs of charitable activities include grants made, governance costs and an apportionment of support costs as shown in notes 3 to 7.

16

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES – NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31st JULY 2025

_____________

(h ) Contingent liabilities

A contingent liability is identified and disclosed for those grants resulting from: (1) a possible obligation which will only be confirmed by the occurrence of one or more uncertain future events not wholly within the trustees’ control; or (2) a present obligation following a grant offer where settlement is either not considered probable; or (3) the amount has not been communicated in the grant offer and that amount cannot be estimated reliably.

2. Income from donors

Donations received in the reporting periods to 31[st] July 2025 and to 31[st] July 2024 are listed below. All donations were designated, after taking account of donors’ wishes, to one or the other of the five active funds except for a restricted donations of £15,000 from the Lauderdale Trust for LWU.

Donors are encouraged to give through tax-efficient Gift Aid schemes. Gift Aid tax receipts are reviewed and allocated to the relevant fund. Unclaimed potential Gift Aid tax rebates at the period end were accrued at £5,232 (2024: £713). The accrued rebate was received on 12[th] August 2025. Donor debtors at the period-end were £nil (2024: £nil).

During the year the charity received donations totaling £12,360 (2024: £1,543) from related parties (which includes trustees and anyone closely connected to them).

Analysis of Donor Sources Analysis of Donor Sources
2025 2024
Donor Source 12 months 12 months Fund
£s £s
Trustees of LWI 10,635 220 Living Word Uganda
Charitable Trusts / Churches 33,791 44,250 Living Word Uganda
Individual donors 38,927 23,904 Living Word Uganda
Gift Aid received 11,326 2,246 Living Word Uganda
Increase/(decrease) in unclaimed gift aid 1,372 195 Living Word Uganda
Total Living Word Uganda 96,051 70,815
Trustees of LWI 0 428 Amazing Grace School
Charitable Trusts / Churches 13,083 566 Amazing Grace School
Individual donors 5,681 5,383 Amazing Grace School
Gift Aid received 1,366 1,219 Amazing Grace School
Increase/(decrease) in unclaimed gift aid
0		 131 Amazing Grace School
Total Amazing Grace School 20,130 7,729

17

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES – NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31st JULY 2025

_____________

Trustees of LWI
Charitable Trusts / Churches
Individual donors
Gift Aid received
Increase/(decrease) in unclaimed gift aid
Total Word Increase Ministries
Trustees of LWI
Charitable Trusts /Churches
Individual donors
Gift Aid received
Increase/(decrease) in unclaimed gift aid
Total SOW The Gambia
Trustees of LWI
Charitable Trusts /Churches
Individual donors
Easyfundraising
Gift Aid received
Increase/(decrease) in unclaimed gift aid
Interest
Total General Fund
Total all sources		 1,080
830
44,549
46,754
16,384
10,569
748
590
285
52
63,046
58,795
0
0
19,766
26,040
21,464
2,726
2,288
293
2,872
25
46,390
29,084
645
65
5,601
4,405
7,408
5,154
376
161
80
145
(10)
8
1,907
1,289
16,006
11,227
241,623
177,650

Word Increase Ministries Word Increase Ministries Word Increase Ministries Word Increase Ministries Word Increase Ministries

SOW The Gambia SOW The Gambia SOW The Gambia SOW The Gambia SOW The Gambia

General Fund General Fund General Fund General Fund General Fund General Fund General Fund

18

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES – NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31st JULY 2025

_____________

3. Expenses reimbursed to the trustees and other costs

The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind for their work as trustees. (2024: £nil). Expenses paid to the trustees and other costs incurred in the period were £23,435 (2024: £12,077). These expenses comprised:

Expenses reimbursed to the trustees and other costs:
Payee
Direct Expenditure on Education
(expended in accordance with donors’ wishes):
Shipment of books to Uganda / Rwanda
David S. Creed
Partner website costs
David S. Creed
Purchase of books
David S. Creed
Electronic equipment for partner organisations
David S. Creed
Course fees for Jean Ngirimana in Canada
Jean Ngirimana
Flights for Jean Ngirimana Canada to Rwanda
David S. Creed
Flights for Determine Dusabumuremyi to UK
David S. Creed
Flights for Joan Nuwemurungi to UK
David S. Creed
Flights for Adriano Mbackeh to S. Africa for training
Mark Vernon
Flights and accommodation for Willium Saidi to attend
pastors’ conference in Uganda
David S. Creed
Flights for Daniel Gachuki to conference
David S. Creed
Medical insurance Joan Nuwemurungi for UK visit
David S. Creed
Training for Boaz Atuheire in UK
Boaz Atuheire
Total
Expenditure on managing the Charity:
Administrative services for the charity
David S. Creed
Transport within UK
David S Creed
Cost of visiting partner organisations
David S. Creed
Venues for Board meetings
Christ Med Fellowship
Company House renewal
David S. Creed
Website and maintenance
David S. Creed
Stationary / Postbox / Advertising
David S. Creed
Banking charges
Equals Connect Ltd
Independent examination
Stewardship
Increase in provision year end for independent exam
Total
Total for reimbursed expenses and other costs		 2025
2024
12 months
12 months
£s
£s
2,857
1,654
199
192
1,120
100
492
3,850
1,071
3,498
862
696
1,086
304
377
137
3,000
15,674 5,821
4,176
3,538
258
245
1,418
799
-
78
34
13
63
62
132
42
-
19
1,320
1,460
360
-
7,761 6,256
23,435
12,077

19

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES – NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31st JULY 2025

4. Expenses reimbursed to the trustees and other costs continued

All payments of expenses were approved by the trustees and made against documented receipts of expenditure.

Jean Ngirimana is the team leader for Discipling the Next Generation (part of Word Increase Ministries) who is attending theological training in Toronto Canada.

Jojo Nuwemurungi is the lead woman’s worker for LWU who travelled to the UK for 3-months training in children’s ministry.

Boaz Atuheire is a teacher at LWU who was funded for training at the Cornhill Training Course in the UK. Determine Dusabumuremyi is the team leader of WIM who visited the UK to visit supporters.

Adriano Mbackeh is a teacher at SOW who is attending theological training at George Whitfield College in South Africa.

Willium Saidi is a Bible teacher in Tanzania who plans to set up a training college in Tanzania and is pursuing partnership agreement with Living Word International.

A professional fee of £1,320 (2024: £1,460) was incurred in the period as a cost of complying with the Charities SORP and having the Report and Accounts examined by an independent examiner. A provision of £1,680 (2024: £1,320) has been made in respect of the same service to be paid for this Report and Accounts.

5. Allocation of expenses reimbursed to trustees and other costs to amongst the charity’s various unrestricted funds

The expenses shown in note 3 were allocated to the two active objectives’ funds and the general fund according to the origin and purpose of the expense.

Allocation of expenses reimbursed to
trustees and other costs:
Direct expenditure on Education
Expenditure on managing the
Charity
Allocation of expenses reimbursed to
trustees and other costs:
Direct expenditure on Education
Expenditure on managing the
Charity		 2025
2025
2025
2025
2025
2025
12 months
12 months
12 months
12 months
12 months
12 months
LWU
AG
WIM
SOW
General Fund
Total
£s
£s
£s
£s
£s
£s
5,123
0
6,095
1,152
3,304
15,674
0
0
0
0
7,761
7,761
5,123
0
6,095
1,152
11,065
23,435
2024
2024
2024
2024
2024
2024
12 months
12 months
12 months
12 months
12 months
12 months
LWU
AG
WIM
SOW
General Fund
Total
£s
£s
£s
£s
£s
£s
1,619
0
4,138
64
0
5,821
0
0
0
0
6,256
6,256
1,619
0
4,138
64
6,256
12,077

20

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES – NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31st JULY 2025

6. Analysis of grants payable

The charity undertakes its charitable activities through grant making. Grants made in the period and the purposes of the grants were:

Analysis of Charitable Expenditure
Living Word Uganda
Staff costs (including training)
Day-to-day running costs (office, rent, administration etc.)
Ministry costs
Provision year end grant commitment (paid August/ September)
Total
Amazing Grace School
For purchase of new land for school
Hardship fund
Classroom / dormitory plastering, repairs and decoration
Foundation for new examinations hall
Playground development
New storeroom
Fire extinguishers, mosquito nets and incinerator
Total
Word Increase Ministries, Rwanda
Training Course (staff, office, rent, administration etc.)
Financial services / women’s ministry
Discipling the Next Generation
Nyagabeni Mission (Vedaste Habarurema)
Nyagabeni Mission Building Project
Laptop
Provision year end grant commitment (paid August/ September)
Total
Servants of the Word, The Gambia
Training Course (staff, office, rent, administration etc.)
Building fund – Walls / Classroom at Tubakuta
Road repairs
Truth Gospel Mission
Truth Gospel Mission building project
Provision year end grant commitment (paid August/ September)
Total
Total charitable grant expenditure		 2025
2024
12 months
12 months
£s
£s
17,426
26,319
7,975
6,082
14,700
9,999
5,000
5,000
45,101
47,400
13,977
-
1,500
1,000
-
1,500
3,000
-
2,500
-
1,500
-
2,102
18,477
8,602
29,697
24,374
8,219
4,766
13,535
7,000
2,216
4,310
-
11,500
-
650
2,500
2,500
56,167
55,100
22,444
24,935
11,500
7,000
2,565
-
5,430
-
5,150
-
2,500
2,500
49,589
34,435
169,334
145,357

21

LIVING WORD INTERNATIONAL

REPORT OF THE TRUSTEES – NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31st JULY 2025

_____________

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 5)		 2025
2025
2025
2025
2025
2025
12 months
12 months
12 months
12 months
12 months
12 months
LWU
AG
WIM
SOW
General Fund
Total
£s
£s
£s
£s
£s
£s
45,101
18,477
56,167
49,589
0
169,334
5,123
0
6,095
1,152
3,304
15,674
50,224
18,477
62,262
50,741
3,304
185,008
2024
2024
2024
2024
2024
2024
12 months
12 months
12 months
12 months
12 months
12 months
LWU
AG
WIM
SOW
General Fund
Total
£s
£s
£s
£s
£s
£s
47,400
8,602
55,100
34,435
0
145,537
1,619
0
4,138
64
0
5,821
49,019
8,602
59,238
34,499
0
151,358

8. Movements on designated funds in the previous year

2024 - 12 months
Living Word Uganda
LWU Restricted
Amazing Grace School
Word Increase Ministry
Servants of the Word
General Fund
Total		 Balance
Donated
Investment
Allocated
Grants
Transfers
Funds
b/forward
Income
Income
Costs
Made
btn funds
c/forward
£s
£s
£s
£s
£s
£s
18,257
40,815
-
-
19,019
15,748
55,801
0
30,000
-
-
30,000
0
0
1,276
7,729
-
-
8,602
1,229
1,632
22,391
58,795
-
-
59,238
2,721
24,669
27,537
29,084
-
-
34,499
1,748
23,870
29,924
9,938
1,289
6,256
0
(21,446)
13,449
99,385
176,361
1,289
6,256
151,358
0
119,421

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 2025 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

Sarah Crispin (Apr 13, 2026 17:47:56 GMT+1) Sarah Crispin ACA Stewardship 1 Lamb's Passage London, EC1Y 8AB

Apr 13, 2026