Chatlty number: 1190376
WORD OF LIFE MINISTRIES EUROPE
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

WORD OF LIFE MINISTRIES EUROPE
CONTENTS
Page
Reference and admlnl8tratlv& detslls of the Charty, It8 Tfustoes and advl8e
Trustees. report
Independent exaMI￿r'S report
Statement of flnanclal a¢tlvltlg8
Balance sheet
Notè8 to the flnancial ststements
8-17

WORD OF LIFE MINISTRIES EUROPE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Gl8i80n hA Cabral
Jourdèl T L M Lord
Charlty reglstsr•d number
1190375
Prlnclpal office
clo Baldwin Scofield AccountanGy LLP
3 Newhousè Buslness Centr8
Olo Cr8wley Road
Horsham
Wesl Sussex
RH124RU
Aeeountsnts
Bald￿n S¢oileld Accountancy LLP
Chartered Accounlanls
3 N8whou$e Business Centre
Old Crawley Road
Horsham
West Su88ex
RH12 4RU
Page 1

WORD OF LIFE MINISTRIES EUROPE
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Th8 Trustees present their annual report tO9elher with the financial statem8n18 of the Word of Lif@ Minlstries
Europe for the year 1 January 2023 to 31 December 2023.
Objectlves and activltl•$
• Pollcl88 ond objectlves
To advanG8 the Christlan falth in e￿ordanCe wlth the Slalem8nl by, but not exclusively by, proGlaiming the Irulhs
contained In the 14oly Bible, gathering in publiG or al other limes for teaching the Word of God through the Holy
Bible, worship and praise, evangelism, study, prayer, child and youth work and community servlce,,
To rellev8 povèty both In thé UK and overse88 by any mèans such a$ glfts, donatlons, Cont￿bUtIons, loan8
and advances ¥￿th or wthout interest.,
To fulfil suth othèr purposes whlch are excluslvety charitable accordlng lo the18w of England and Wales and ar&
conn6Cted lo the chaAlabkle work ol the ChaTily as the Trustees from 1Sme lo tlme may Ihlnk fit.
In selllng objectlves and plannlng for aclivlll88. the Trustees have 9lven duè con81derallcn lo general guidanc8
published by the Charfty Comm5s8ion relallng lo publlc beneflt, Including the guldanc8 'Publie benefit.. runnlng a
charlly {P821'.
Achl6v•ments and pertom)ance
• Maln achlevfjmonts of thg Charlty
In 2023, Word of Llfe Mlnlslrles Europe reathgd new mlleslones In expandlng our prèsence and influence
across the Unilod Klngdom and Europe. Committed lo sharlng the Word of Faith wllh people from all walks of
life, we contlnué to embody our value8 of Falth, Unlly, Love. Integrity. Joy. Peace. Sound Doctrlnè Zeal, Servlee,
Bullding Peopl¢. Excellenc6, and Abundant Llfé. Th18 year, our network of local church•# and Biblè schools has
remalned a beaGon of hope, 8ervlce. and spiiltual growth for ¢ommunilies acr088 the ¢ontinenl.
Verbo Connect, our onllng church campus, has become the heart of our mlsslon to rnaGh now audlenc68. Th18
year, we connected wtth individual8 in over 15 countries and launched church planting project8 In seven cilles.
As a vital parl ol our expansion strategy. Verbo Connèd allows us lo share th¢ message of falth, 85pecSally Sn
areas with limited access lo physical church Spaces. Th18 platform has helped us engage a new generation wlh
the message of Christ in a way that18 conlempoiary and access1b￿, 8xt¢nding our reach and Impa¢t.
We also celebrated sIgnifl￿nI growth in church planting efforts. Our network now Indudes 34 churches a¢ross
tha UK, Europe. and beyond, serving ¢ommunilles in ¢ountrie8 lik8 Partugal, England, Ilaty, Francè, Germany
Spain, Scoland, Swtzerfand, San Marino, Ireland, the Netherlands, Sw8den. and even South Korea. Each
hurch has bacome a Ihrlvlng centre of falth, compasslon, and communlly, bringing people tog8lh8r in fellowship
and service.
Our Bibl& Schools Contin￿ to equlp the naxt generation of leaders. In 2023. more than 230 8ludenls graduated
from the RHEMA Bible Training Cenlre, Word of Llfo Bible S¢hool, and Mlnlslerial School. The8e dedlcated
students are now w&ll-prepared Io S&￿e their communities, equippad with faith and knO￿edge to nurtur8
relationships and Share the Gospel in a meanlngful, impaclful way,
Under the dedlcal¢d leadership of Pastor Gleison Cabral as CEO an(J Marina Cabral as COO, Word of Lif8
Minlstries Europe has expanded ils operational cap8cIty. Our office In Portugal now includes a dedical8d team of
l O full-lime staff members, alongslde hundreds of volunl8ers across Europe and the UK. Thoir combined efforts
are instrumental in bringing our vision lo Ilfe and reaching more indlviduals every year.
Pagé 2

WORD OF LIFE MINISTRIE8 EUROPE
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
AGhlovemènts and perfom)ancè Icontlnuedl
Main achievements of tho Charlty Icontlnuedl
Through our Churches and Bible school graduate8. we have m*d8 a posiUve impact on the communlll85 we
serve. Our ongoing outreach programme5, charity inilialives. and community engagement efforts reflect our
ommllm8nt to being a sourcè of love and support for those In need. Our mombers have generously offered their
lime and re80urces lo make a dlffer8nce in the Ilves of other8, Ilvlng out our core values In every act of service.
Thè Tru8tees and Pastors of Word of Life Mlnlstrf&s Europe are deeply grateful for the continued 8UPPQrt of our
partners, team members, and volunteers. Their generoslty, whether through financial support or volunteer
efforts, make5 our mlssion possible and drives us forward in faith.
As we look lo 2024, w8 are excited for another year of expansion and oulr8ach. Our focus remalns on raising
and training new laader8, both online and In.p8rson, lo further our mission and plant new ¢hurch68 aGross
Europe. Togolher, we antlclpale an Inspiring journey ahead. full of gro￿, hope, an¢J Iransformallon.
Flnanclèl rovlew
• Golng concern
After making appropri810 enquirfès, the Trustee8 h8v8 a reasongblo expectation that the Ch8dly ha8 8d8quatO
re8ourGes lo continue In oporatlonal exlslence for the foreseeable lulure. For Ihls rea80n, they continue to adopt
the golng concern basis In preparing th& flnancial $ts18ments. Further delalls reg8rding the adopllon of the going
concem b8318 can bg found In tha accounting pollcl88.
• R08•N?8 poIIcy
In line wllh the Iru81ees bellef that God provldes the funds requlred for the work that he has called tharn to, no
re86Ne8 are malnlalned.
Structurèi governance and management
Constltutlon
Word of Llfe Mlnlslries Europe 18 a r$gi8tered charity, number 1190375, and 1$ con8titLrted under a CIO
con81ilullon.
• Mèthod8 of appolntmont or electlon of Trusteeg
The manag8mgnl of thè Charfly is the responsibllity of the Truslegs 8r6 elected and co-opted under the
lems of the CIO constit￿l0n.
Page 3

WORD OF LIFE MINISTRIES EUROPE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 310ECEMBER 2023
Statoment of Trusto•$' re8ponslbilltl98
The Trustee8 are responsible for preparing the Trusle&$' report and the financial slatements In accordance ￿th
applicable law and Unll&d Kingdom Accounting Standards Iunlled Kingdom Generally Accepl&d Accounting
Pracliee).
The law appllcable lo charities in England & Wales requires the Tru8le8S to prepare fln*nci818lalomen18 for
8ach finandal year which give a true and fair view of the 8tale of affairs of the Charity and of Ils incoming
resources and appllcalion of resources, includlng 118 income and expenditure, for that perlod. In preparing these
flnancial slalamenls, the Trustees are roqulrèd to..
8818¢t Suitable 8ecounUng pollcies and then apply them consistently.,
observ8 the method8 and prlnclple8 of the Charltl6s SORP IFRS 1021-,
make judgments and accounllng esllmates that are reasonable and prud8nl',
ststa whether appllcable UK Accounting Standards IFRS 1021 have bèen ftsllowed. sublecl to any malerlgl
d8partures disclosed and explalned In the financial slal&menls',
prepare the flnancial slalemenls on the golng concern basis unles8 Il Is Inappropriate to pre8um8 that thg
Charity Wll conllnue in busines8.
The Tru81ee8 are responsible for keeping adequate accountlng rocords Ihal are suffi¢i8nl lo show and explaln
the Ch8rfty's transa¢lions and dlsclo$e ¥￿th reasonable accuracy al any lime the financial p08rtlon of the Chafily
and enablè them lo ensure that the financial statements ¢omply with the Chaiilles Act 2011, the Charity
IA¢¢ounls and Reports) Regulations 2Q08 and the provlsions of the CIO eon8111uUon. They ar8 also respon6ibl8
for 8aleguarding th@ as881$ of the Charity and hence for laklng reasonablg slep8 for the prevention and deledion
ol fraud and olhor Irregularilles.
Approved by order of tho memb8r8 of the board of Tru81888 on 30 O¢lober 2024 and 81gned on Ihe5r behall by..
Gl
Pag& 4

WORD OF LIFE MINISTRIES EUROPE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Indgpendent oxamlnevs r•port to the Trust8e$ of Word of Llfo Mlnlstrles Europe {Ih¢ Charlty'}
I report lo the charfty Trustees on my examinatlon of the account8 of the Charity for the y6ar endèd 31
Dec8mber 2023.
Responslbllltles and basls of Mport
AS the TnMlees of the Charty you are responsible for the preparation of the accounts in accordance wth the
requiremen18 of the Charlties Act 2011 I'lhe 2011 Acl'l.
I r8POrt in respect of my examination of the Charit￿8 accounts carried out undgr Section 145 of thè 2011 A¢1 and
In Garrying out my &xaminalion I have followed the applicable Directions given by the Charity Commlsslon under
Section 145{5)Ibl of the 2011 Act.
Indep•ndont examlnèls 8tat8mént
Ycur 2tt8ntion Is drawn to the faGI that the Charlty h88 p￿pared the accounts In accordance with Accounting and
Reporting by Charities.. Stalèmenl of Recommended Praclicè applicable t¢ charllle8 preparing their accounts In
8ccordance with the Finan¢ial Reporting Standard applicable in the UK and Republ1¢ ol Ireland IFRS 1021 in
préference lo the Accounllng 8nd Reportlng by Charllies., Slalamenl of Rocommènded Pr8¢d¢e Issued on 1 Aprll
2005 which18 rgferred lo in the extant regulations bul has been ￿thdraWn.
l understand that Ihls ha8 been done In order lor thè accounts to provld¢ a true and falr vlew In accordan¢8 ￿th
the Generally Aec8Pted Accounllng Practi￿ effe¢llv8 for r8POrtlng periods b8ginnlng on or after 1 January 2015.
I have ¢ompleled my examlnallon. I conflrm that no mallers have coma lo my allentlon In connecllon wllh the
examlnatlon glvlng me cause lo bellèv& that In any mè19rial respect..
ac¢ountlng records w6ro not kept In respect of the Charlly aB requir8d by 8ecllon 130 of the 2011 Ad., or
the accounts do rKJt accord with those records., or
the accounts do not comply wSlh the appllcable requirements concemlng the form and contènt ol
accounts set out in the Chari1198 (Aocounls and Report51 R￿ulationS 2D08 other than any r&quiremenl
that thè accounts give a 'lrue and fair vlew whlch Is not a rnatt8r considered as part of an independent
•xamlnalion.
I have no eoncems and have come acros¥ no other matters in connè¢lion ￿th tho examination to which
att8nlion should be drawn in Ihls rep¢)rt in order lo enable a prop8r under8landlng of thg gccounts lo be reached.
Thls roport 18 made solely to the Charity's Trusl8&s, as a body, in acGordanc8 wlh Part 4 of the Charitie8
IA¢counls and Reports) Regulation8 2008. My work has been undertaken so that I might 81ale lo the Ch8rfty'$
Trustees thosè mallers l am required to $18te lo them in an Independent examiner's report and for no other
purpose. To the full8s1 extsnt p8rmltted by law, I do not acGepl or assume re8ponsibillly lo anyone other than the
Charfty and thè CharSly's Tru81ees as a body, for my wortt or for Ihis report.
Signed..
Dated.. 30 Oclobar 2024
Nichola8 M Baldmn
BA(Econl FCA DChA
Ba1dwln S¢ofleld AGcountanGy LLP
Chartered Accountants
Page 5

WORD OF LIFE MINISTRIES EUROPE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestrlctod
fund5
2023
Total
funds
2023
Total
funds
2022
Note
Incom• from:
Donallons an(J legacles
Charrtable activltl8S
Inv8slmenls
16,623
16,623
509
10,234
289
39
39
Total Income
16.171
16,171
10,523
Expendltur• on:
Charltable activllles
13,111
13,111
16,455
Totsl oxpendlturo
13,111
13,111
16,455
Not movèm•nt In fund8
3,080
3.060
f5,932J
R?conclll#tlon of lund8:
Total fund8 brought forward
Nel movement In fund8
10.787
3,060
10,787
3,060
16, 7t9
(5,932)
Total funds c8rrl•d forward
13.847
13,847
10, 787
The Slalemént of flnanclal 8¢tSvllles Includes all gaSn8 and105808 recognlsed In the year.
The notes on pages 8 10 17 form parl of these finan¢lal Statements.
Page 8

WORD OF LIFE MINISTRIES EUROPE
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
Note
2022
Flxad assots
Tangible assets
Current asset5
Cash at bank and In hand
11
7.710
2,309
7,337
7,337
9.558
Creditors.. amounts falllng due ￿thIn one
year
12
{1.2001
{1,080J
Net current a88ets
8,137
8,478
Total net a8setg
13,847
10,787
Charlty fund$
Resldcted funds
Unrestrleled fund8
14
14
13,847
10, 787
Total funds
13,847
10,787
Tho financial 81alem&nls were approvgd and aulhorised for 188ue by tho Tru8le6s on 30 October 2024 and
slgnad on thelr bèhall by.,
bral
The notes on pagos 8 to 17 form p8rt of these flnan¢lal 8talemenls.
Page 7

WORD OF LIFE MIMSTRIES EUROPE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
General Infomiatlon
Word of Life Mlnlstries Europ8 is a registered charity, numbar 1190375, and is constiluled under a CIO
consututlon.
Accountlng pollcles
2.1 Basls of preparation of flnanclal statements
The financial st8lements have been prepared In ac¢ordance wlh the Charlties SORP (FRS 1021
Aceounllng and Reporting by Charllies.. Statement of Recommended Practic8 applicable lo ¢harilies
preparing Ihelr accounts in accordance with the Flnanclal R8porting Standard applicable th the UK
and Republic of Ireland IFRS 1021 leffèelive 1 January 20191, the Financial Reportlng Slan¢Jard
applic8b16 In the UK and Republic of Ireland IFRS 102) and th• Charltles Act 2011.
The flnanclal st818m&nts have been prepared to give a Irue and falr, vlew and have doparted from
the Charftle8 (Accounts and Reports) Régulation$ 2008 only to the 8xl6nl required to proviLYe a 'lruo
and falr, view. This departure h88 involved following the Charities SORP IFRS 1021 pub118h8d in
October 2019 rather than thè Accounting and Reportlng by Charllle8'. Slalemenl of Recommend8
Pra¢lice effaclive from 1 ￿rI1 2005 which has slnce been withdrawn.
Word of Llfe Mln181rt88 Europe meet8 the deflnltion of a publlc beneflt onllly ￿nder FRS 102. Assets
and 11gbillts.88 are Initially recogni8erJ at hlslorlcal co81 or Iran$acllon value unless olh8rwi8e slated In
the relevant accounllng poliw.
2.2 Income
All Income 1$ recognised onco the Charity has entlllernenl to the Income, 11 18 probable that th8
Incoma will b¢ received and the amount of Inttjme rgGelvable ¢an be mea$uied rellably,
2.3 Exp8ndltur•
Expendilurels recognis8d once there Is a legal or conslruclive obligallon lo Iran8f&r economi¢ ben8fl1
lo a third paty, il Is probablè that a Iran8f&r of economic bènefi18 ￿11 be required In settlement and
the amount of the obllgatlon can be measured reli8bly. Expendlture 1$ classified by aclivily. The costs
of each aclivlly arè made up ol tho lolal of dlrecl Gosls and Shared Gosl8, including 8UPPOrt costs
Involved in undertaking ea¢h aclivily. Dlre¢l c081s atlrlbutsble lo a slngle aelivily are allocated directly
lo that activity. Shared cos18 which conlrfbule lo more than one acllvily and support wsls which are
not allllbutsble lo a 8ingle activity are apportloned belweori those actlvltles on a b8sis con8iStenl wSlh
the use of resources, Central staff ¢osls are allocated on tha basis of time sp6nl. and depreciation
charggs allocated on the portion of the as8et'8 Use.
Expenditur@ on charitable aclivllies is IncUr￿d on directly undertaking the activities which further the
harty's objectives, as well as any associated supp¢)rt Gosl8.
Grants payablè are Gharged in the year when the offer is made except In those cases where the offer
is condillonal, such grants belng recognlsed as expenditure when the condlllons attaching are
fulfilled. Grants offered sublecl to conditions which hav8 not been met at the yèar end are noted as
commltment. bul not a¢crued as exp6n¢Jilure.
All expenditure Is inclusive of irrecovarablg VAT.
2.4 Interest rè¢èlvable
Interest on funds held on deposit 18 included when receivable and thè amount Gan be measU￿d
reliably by the Charity- this Is normally upon notificab'on of the interest pald or payable by the
Institution wth whom the funds are deposited.
Pago 8

WORD OF UFE MINISTRIES EUROPE
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2023
Accountlng poliGlgs Icontlnuedl
2.$ Tanglble fixed a88ets and depreclation
Tanglble fi'xed assets costing £NIL or mor& are capilalised and recogni8ed when future economic
b8n6fils a￿ probable and thè eosl or value of Ihe asset can be measuréd reliably.
Tangible fixed assets are Ini118lly recognlsèd al cost. After recognltion, under the cost model, tangible
fixgd asse18 are measured at cost less a¢cumulat8d depreclalion and any accumulated Impalrmenl
loss8s. Al costs Incurred lo brlng a tangible ffxed essel Into its intended wor￿ng condllion should be
Included in the measurement of cost.
Depr8eiats'on 18 ch8rged so as lo allocate th& cost of langlble flxed assèts less Ihelr residual value
over th&lr éslim8led uselul lives, uslng the slraighl-llne method.
Depreciallon is provldéd on the following basls,.
Computer ¢qulpmenl
2.6 Ca$h at bank and In hand
25% on cost
Ca8h at bank and In hand Includes Cash and short-lerm hlghly Ilquld invgsbnenls wllh a short malurlty
of three months or less from thg dalè of acqu18itlon or openlng of the depos11 or 8lmllar 8¢¢0unl.
2.7 Llabllltle8 and prov181on8
Liabilttles are re¢ognl86d when there 18 an obligation al the Balance sheet dale as a re8uII of a past
event. It Is probable that a transfer of economlc beneffl will be fequlred In settlement, and thè amount
of the s8lll•menl Gan be astlmaled rellably.
Llabllycies are reGognls8d al the amount that the Charlty antlclpat¢811 ￿11 pay10 88ttle the debt or the
amount It has recelvgd 88 8dvanced payments for the goods or servlc•$11 musl provlde.
Provlslons are measured al the best estlmale of th8 8moun18 requlred to settl8 thè obllgatlon. Wher8
the effect of the time value of money is material, the prov181on1s based on the presont valu8 of Iho8e
amounts, di8counted al the pre-tsx discount rale that reflects the rlsks Specific lo th8 liability. The
unwlndSng of th& dl8counl18 reeognised in the Stalomenl of financial acllvilies as 8 finance cost.
2.8 Flnanclal Instrumonts
The Charity only has flnancial asselg and flnanaal Ilabilitlas of a klnd Ihal qualify a8 b8slc fi'n8ncial
In8lrumen18. Baslc financial inslrufftenls are initially recognisod al tran8acllon value and subsequently
measured al their selllemgnl value wlh the excepllon of bank 108n8 whlch are sub8equenlly
m8aSu￿￿ al amortised wsl uslng the effe¢lfve interest mèthod.
2.9 Fund accountSng
Gener81 fvnds aro unreslricled ￿ndS whlch are availabl8 for use al the dis¢retion of th@ Trustees in
furtherance of th8 gen6ral objectives of the Charity and which hav6 not be8n designalgd for other
purposes.
Inve$lment Income. gains and losses arè 8lloc¥ted lo the appropriate fvnd.
Pagg 9

WORD OF UFE MINISTRIES EUROPE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from donallong and legacles
Unrestrlcted
funds
2023
Totsl
funds
2023
Donation8
15,623
16,623
Unreslrict8d
funds
2022
Tot81
funds
2022
Donallons
10,234
10,234
Income from charltable aCt￿ltIeS
Unre8trlctèd
fund8
2023
Total
fund8
2023
Income from charltablg acllvltlos - Blble 8¢hool fees
509
509
Unrestrlctod
fvnds
2022
Total
lunds
2022
Income from eharflable 8cllvllie$- Blble school fees
289
289
Inve5tmont In¢ome
Unrestrfcted
funds
2023
Total
funds
2023
Total
funds
2022
Investment Income- local cash
39
39
Page 10

WORD OF LIFE MINISTRIES EUROPE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER2023
Analysi5 of grants
Grants to
Grants to
Institutlons Indlvlduals
2023
2023
Total
funds
2023
Grant8 made
1,522
1,622
Granls to
Instllutlon$
2022
Grants to
Individuals
2022
rolal
funds
2022
Grant8 mad8
7,264
1,803
9,067
Analy8ls of expendltuye on charltsblg actlvltlfr8
Summary by fund typo
Unrestrlctsd
funds
2023
Total
2023
Charltable 8etlvlly costs
13,111
13,111
Unrestricted
funds
2022
Total
2022
Charllable a¢livity costs
16,455
16,455
Analysls of expanditure by activltl88
ActlvltSes
undertaken
dlrectly
2023
Grant
fundlng ol
actlvltles
2023
Support
costs
2023
Total
funds
2023
Charitable a¢tivty costs
10,841
1,522
748
13,111
Page11

WORD OF LIFE A•ANISTRIES EUROPE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analy$ls of oxpondlturo by actlvltlo$ {contlnuedl
Actwllies
undertaken
directly
2022
Grant
undlng ol
8Qtivitles
2022
Support
costs
2022
Total
funds
2022
Charitable activity Costs
5.964
9,067
1,424
16,455
An8ly818 of dlract cost8
Total
lunds
2023
Total
funds
2022
W•b, hg8ting and domalns
Offi¢e, IT an¢J consumable$
Telephon& and broadband
Travel and other 05sodaled costs
Sundry expen88$
Bank charge8
Mlnlstry expen$95
Governanc& ¢o8t8- depTecl8llon
772
4,086
641
16
216
2,596
967
169
1,057
302
505
3,821
1,638
10,841
5,964
Analy81s of Support costs
Total
funds
2023
Total
funds
2022
Independent examinatlon fe¢
Exchange differen￿$
1.260
15121
Y,080
344
748
1,424
Page 12

WORD OF LIFE MINISTRIES EUROPE
NOTES TO THE FINANCIAL STATEMENT8
FOR THE YEAR ENDED 31 DECEMBER 2023
Independ•nt •xamlnerfs rgmunaratlon
2023
2022
Fees payeble to the Charws Independent examlnèr for the Independent
examination ofthe Charity'$ annual accounts
1,260
1,080
10. Tru8teeg' rèmunoratlon and oxponses
During the year, no Trusleas recelv8é any remun•rallon or other ben6fi18 (2022- £NILJ.
Dudno the year ended 31 Dgcembor 2023, no Twsts8 expensès have been incurred (2022- £NIL).
11. Tanglblo Ilxgd a88•ts
Computsr
equlpment
Cost or valuatlon
Al 1 January 2023
Addltion8
2.811
7,039
At 31 December2023
9.660
Deproclatlon
Al 1 January 2023
Charge for the year
302
1,638
Al 31 December 2023
1,940
Net book value
At 31 De¢embeT 2023
7.710
At 31 Docemb8r 2022
2,309
Page 13

WORD OF LIFE MINISTRIES EUROPE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Credltors: Amounts falllng due wlthln on• year
12.
2023
2022
Accruals and deferred income
1.200
1,080
13.
Flnènclal Instrument¥
2023
2022
Flnanclal assets
Flnaneial asse18 measurèd at fair value through income and expenditure
7,337
9,558
Flnanclal a8se18 me88Ufed 81 falr value through Income and oxpendllure comprlse bank account
b818nce$.
Page 14

WORD OF LIFE MINISTRIES EUROPE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 DECEMBER 2023
14.
statement of funds
Statement of funds - current year
Balance at
Balance at 1
January
2023
December
2023
Incom¢ Expènditure
Unrestrlctad funds
G6ner81 Fund
10,787
16.171
113.1111
13,847
8t•tgment of funds - prlor year
Balance &t
3t
D8c8mbei
2022
Ba18n¢8 al
l Jonuary
2022
Income Expenditure
Unrwdtrlctod fund8
General Fund
16, 7t9
10,523
{16,455)
10, 787
Pagè 15

WORD OF LIFE MINISTRIES EUROPE
NOTES TO THE FINANCIAL STATEMENT8
FOR THE YEAR ENDED 31 DECEMBER 2023
1& Summary offunds
Summary oflunds-current yoar
Balance at
31
Decèmber
2023
Balan¢e at 1
January
2023
Income Expendlture
General funds
10,787
16,171
113,111}
13,847
Summary of funds - prlor year
Balancg at
l January
2022
8818ncg al
31
D8cember
2022
Income Exp8nthtur8
General fvnd8
16, 719
10,523
(16,455)
10.787
Page16

WORD OF LIFE MINISTRIES EUROPE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER2023
16. Analysis of net assets betw8•n funds
Analysis of net ass•ts between funds . Current year
un￿¥t￿ct&d
fundy
2023
Totsl
funds
2023
Tanglble fixed assets
Current assets
Creditors due within one y88r
7,710
7,337
11,2001
7,710
7.337
11,2001
Total
13,847
13,847
Analy$ls of net 88$8ts bèl￿on fund8 - prlor year
Unroslrfcled
fun¢Ys
2022
Total
lunds
2022
T8nglble fixed as8018
Current a8sats
Credltor8 dué wllhln one year
2,309
9,558
f1,080J
2,309
9,558
(1,080)
Total
10,787
10,787
Page 17