THE WORD ONE TO ONE Charity 1192501 TRUSTEES REPORT AND UNAUDrrED FINANCIAL STATEMENTS For the period ended 31 December 2022
THE WORD ONE TO ONE CONTENTS Page Rwort of the Trustees Ito5 Independent Exjmlnw's Report to the T$tlI stJtemfJrt of Hn¢1 Artlvltles Balanc¢ Sheet Not&* to th• FIDcl•l Stotvnthts 9toll
REFERENCE AND ADMINIrnTIVE INFORMATION The charity was established on 24th November 2020 and is reglstered with the Charity Commissioners as number 1192501. For the period in question. the Trustees were 35 follows: Richard Bor8onon - Founder and Chaimian Charles Kosenene- Treasurer Nancy 8enham MBE-Trustee Simon Lennox- Trvstee Jonathan Prlme- Trustee, until hls re5ignatlon on IW May 2022. The CEO is Le Fras Strydom. The Independent Examiner is Heather Cheesman of Chichester Ac¢ountin& 104 Stockbrldge Road, Chichester, West Sussex. P019 8QP. STRucfuRE, GOVERNANCE AND MAf4AGEMENT The Word One to One is incorporated as a Charitable Incorporated organ15a0n governed by a constitution and reglstered with the Charty Commission numbw 1192501. Trustees come from backgrounds in the world of commerce. the charity sector and Chrlstian ministry, bringing with them complementary and recognised skills. All share a united faith in the Lord Jesus Christ. The Trustees have delegated the daily management of acttvities to the Chlef Executyve Officer ICEOI. The Trustees in consultatton wlth the CEO are responslble for the setting of rernuneratlon for key staff members. The Trustees and, where appropriate the CEO, review risks and ensure that no ministry or project expansion commences until the necessary funding is available and known risks can be managed. RECRUITMENT AND APPOINTMENT OF TRUSTEES The overall governance of the charity is the respon5iblllty of the Trustees who a elected for specific terms. The Trustees in consultafjon with the CEO are responsible for Cruiting other Trustees. OBJECTIVES ANO ACTIVITIES Purposes of the charity afe set out in the constitution a5 follows: To advance the Christlan faith for the benefit of the public in accordance wtth the Statement of Faith in particular, but not exclusively, by providing.. al resources vthich enable Christian believers to confidently share the origlnal message of the Bible with others; bl training events to mobilise Chrlsdan5 to share the Bible with their contacts and friends:
cl training resource5 to enable church leaders share the Bible- equip their own congregations to dl evangelistic events in the United Kingdom and in such other countries acros5 the worfd as the Trustees may from time to time see fit. Objectives and Activities of the charity can be described under the following headings Ithis corresponds with the details provided in the notes of our financial statements under "3- Charitable activities").. Communlty development Aiming to resource and support church and community leaders as they equip and support 'Bible sharers, within the local churches and communi or8anisations they lead. Activity in this area may include meeting with church leaders one-to-one, networking, speaking at conferences, training events and other speaklng engagements. It also includes the use of di8ital media to en¢oura8e and support leaders and Bible sharers, including regular newsletters, videos and Social media èctivtty. The team are increasingly invited to advocate on the power and relevance of the Bible in today's society, as a means of helping church leaders and their congregations recover confidence that the unchan8ln8 message of Jesus can dramatlcally impact and benefi't the communities they serve. These activities are also included under"Community development" for now, but it Ss our intention to introduce a new category titled "Thought leadershlp" from the next financial year to give this important work intent6onal focus and transparency. Resourc• development Athvities Include the development of our disttnctive and easy to use "Blble with notes" guided read-through experience. Our approach is to make the notes as accessible as possible, to help those who are new to the Bible en8age with its message in a deep and yet tomfortable and relaxed way. The Èxperience is available to purchase as printed booklets lat dlscounted prices from our publisher Ioofthose and via ihem book retallers across the globe). The notes are al available to download or share on screen as PDFS without charge, and durln8 this financial year we commenced a project aiming to launch the experience as free mobile app. Our notes currently guide the readers through all of John's Gospel and Acts. two of the book5 of the Blble. Also included here 15 the development of printed and digitsl 'mobilising resources,. aimed to help church leaders envisioni equip and build confidentr in the members of their thurches. Both the 'Bible sharing, and 'Mobilisin8' resour5 are being developed with future tran51atlng and contextualising in mind. The way the experience is already being use(1 in English second language classes show that rt could be a helpfijl support in overcomin8 lan8ua8e barriers between people.
Internatlonal partnetship development A5 the approach has grown in impact across the United Kingdom, awareness and use has also taken off abroad. Artivities in this area include identifying internotional partners who can translate and contextualise the resource to see it impact the natr'ons their organisations serve. The John notes are curntlY translated into Simplified and Tradrtional Chinese, Ukrainian, Russian. French and Czech-transjaonS are prioritlsed as partnerships emerge and as financial support enables. Leadershlp. ?dmlnistratlon and operations These activities underpin and support the above-mentioned areas in order to serve towards the charitable purposes. PUBUC BENEFIT The Trustees are directed by the Charws Commission's guidan on publlc benefit. The purposes outllned are demonstrably of benefit to the wider public, as people from a wide range of ages and stages and ba¢k8rounds - in an increasingly isolated and ang5t-ridden society- are invited to consider the Ilfe and teaching of Jesus Chrlst within the context of a trusted relationshlp. typically supported by local churches and other community or8an15ations. ACHIEVEMENTS AND PERFORMANCE There is a growing body of evidence showing this slmple and deeply relational approach is positively impacting one life after the next. In an intreasingly fractured and an8St-rldden society, the combinatton of a friend who cares sharing a mege that shows meaning and offers hope often proves transformational. As churches rediscover a fotU5 and a confidence in the beauty and relevance of the lift and teathing of Jesus, and members of these congregations gain confidence in sharing it with frlends, family members, neighl)ours and other acquaintances- over time entire communities can be transformed. With growlng international Inte$t Ithe experience is now used In 80 countries around the worldl the potenttal for 8lobal impart is obvious. In terms of spec6fic achlevements durin8 this financial year, these Include.. The completion of the nationwide misslon under the banner of A Passion for Life, where The Word One to One collaborated with a number of like-minded organisats'ons in encouraginB more than 800 participating churches towards a rnore intentional engagement with thelr communities. lour staff were partly seconded towards the delivery of communications and resources for which we received remuneration shown as"Income from partnerships" In note 2 of the financlal ststements.) The launch of an online series of trainin8 resources- for use in local church small groups or onlrne- in April The launch of The Word One to One: Acts in September To glve some idea of on£oing use of The Word One to One. about 1,3(Ki booklets are sold on average each month and 8 are downloaded for free online.
PLANS FOR FUTURE PERIODS In order to further enable global reath and resource a youn8er audience to share the experience, delivery of a mobile app is under way with the alm to launch in March 2023. We'll be looking to invest more intentionally in our thought leadership work- using conference opportunities and other broadcasting means to inspire Christians towards a greater outwards focus and a confidence in the goodness of the message of Jesus. FINANCIAL REVIEW The financlal statements for the year ended 31 December 2022 are attached. These statements show how the funds have been applied durin8 the period with specific reference to expenditure on the activitres outlined above. The trustees are encouraged that the supporter base is growin8- With one major return 5UPPOrter increasing thelr gift from £IO,O(M) to E50.ll- and two new financial partners committin8 to multi- year support of £25,OCN). The Trustees believe that the Charity is In a satisfartory fi.nancial position at the period end and can meet all its obllgations. The Trustees confirm that the a55ets of the Charity are held solely for the charitable objectives set out in this report. RESERVES POLICY The Word One to One seeks to hold in reserve, as a minimum. sufficlent funds to pay three months of staff employment costs. STATEMENT OF TRUSTEES RESPONSIBiunES The purpose of this statement IS to dithngulsh the Trustees, responsibilitles for the flnanclal statement5 from those of the Independent Exam5nerfs. as ststed in her report. The Trustees are re5ponslble for preparin8 the Trustees report and financial ststements In accordance with applicable law and United Kingdom Accounting Stsndard5. Charity law requSres the Trustees to prepa financial statements for eath financlal year which give a true and fair view of the stste of affairs of the charity and of incoming sourceS and applicath.on of resources for that perlod. In preparlng the financial ststements, the Tntstees are required to: Selett suitable accounttn8 pollcies and then apply them consistently - Observe the methods and principle5 of the Charities SORP Make judgements and esttmates that are reasonable and prudent -state whether applicable accounting standards have been followed. subjett to any departures disclosed and explained in the financial ststements: Prepare the finantial statements on the going conom basis unless it is inappropriate to assume that the charity will continue in business
The Trustee5 are responsible for ke&ping proper accountl accuracy the financlal positlon of the charity, and enable statements comply with the Charitses Act 2011, the Char and the provisions of the constltution. They are also resp charity and for tsking reasonable steps for the preventio irregularitiès. g records which disclose wtth reasonable hem to ensure that the financial IAccounts and Reports) regulation5 2C#)8 nsible for safeguarding the assets of the and detethon of fraud and other The Trustees are respons. forthe maintenance and in grity of the charity. This report was approved by Rlchard Borgonon Board of Trustees and si ned on their behalf by: Chalrman of Trustees ' -Iq7hs
INDEPENDEKf EXAMINERE REpoKf TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF THE WORD ONE TO ONE For the purposes of those chantyfunds on Pag 6 to 11 forthe pei)d endgj 31 D8cembw2022 vthich require an Ind9pendenlexamineVsreport,we confimtha folkJwng'.- Resp9¢dve Responslbllllle8of Trust•es and Examiner The charity's Trustees are responsible forthe preparatn ofth& finar181 ststements. The charity's Trustees considerlhal an audit is not required forthis yearundorsectKJn 144(2) of the CharItS Act 2011 (the 2017 Act) and thatan indap&ThJent8xaMinOn i8ne8d8J. 11 Is ry r8sponslbiltyto'. ' examine the financial 8trrnts lUndwsectn 145 of tho2011 Acl).. . to follow the procedures lahl down in the general DhB¢tnsgIVan bythe Charity Commi88bn (undersaction 14515Kbl ofthe 2011 Actl . $tate Kthèthgr particularmatters have o)m to lry8ttentN)n. Ba¥ls of Ind8p•nd•ntExamlnerfs R8port My examinati was carried ojl in accopjance with tl g8naral DirectiODS gNeA by Ihe Charity Commission An examination inelLkYgs a revBw of ac(ELntmg recoBJs k1 by tr)e rity a MPan51 d the flnancial statements Present Mlh tho reCOS. It 8lx indLKJes (Dnsthrdtffis of any unusl1 itenL8 or disdOre$ in the fin8ncial slalenpnts. and kiThj d e41laro1ffl$ frfym you as Trustees )ncernIng any 5uth matters. The proc&lures undetsk do ncé PDVKJe an the evn that wwld be required In an aujit aNI, ConsLEntIY no lnic is giv as b vkneth8r fnancBI ststements prent a 'tru8 and far Vie and Ihg report is Ilmited lo those matters sel out in the statenpnls bebw. Indopendent Examlnerfs Stat8ment In connection wlth my eXaminatn, no matterhas to my attenlioh 11 whSch give8 m re890nab cause lo beli8velh8t, Wl any mateiial respecL thgTwstees have nrA m81 thg requireNnIg. . to keep a¢counting records In aecordancewrth s130 of the 2011 Act: and • lo ppare financial $18lem8nts which agr80 wilh the a¢o)Lmllng r8cx)rdsand to cory)tywith the accounl'ng requirgments of the 2011 Act- or 21 to whlch, in my oplnDn, att8n15)n shoth be dravm nordertoenabka properundoththg ofthéfinanclal 8talem8nls lo be reached. H Cheesman FCA 104 Stockbrfdy Road Chlchestsr West Sussex P019 8QP Dat•.' 13th July 2023
Statement of Flnancial Activities For the period ended 31 December 2022 THE WORD ONE TO ONE For tha perlod May 2021 to Decomber 2021 Total fK•te5 Unyestrirted Designal R8strlcteAI nds nd5 nds 2022 Totsl Incoming $OuS fjrjm generated fvn(ts Voluntary Incorne 402.963 s0.rA)4 451967 316,821 TOL4 Incom• 452 967 316 821 Costs of generan9 funds Charitable artithes GOrnan costs 285.577 67.453 353,030 1,000 179,236 1,470 Total eup•ndltuve 286 577 180 706 Income l (&¢nd1tuIe) bthre tRnsf 116 386 136 115 Transfer5 btheen fund5 (17,4491 17.449 Net Incomlng1(outgolng) resourc before other galnsl(losstt) 98.937 98,937 136,115 Galns / Ibsse51 on n*ment awts movemtht In fvndi 136 115 Totsl funds brought fOard 136.115 136,115 Total carrled fonvwd 235 052 235 052 136 115
Balance Sheet As at 31 December 2022 THE WORD ONE TO ONE not 31st D&emb¥ 2022 31rt Dtternbel 2021 Current A854ts Bank aThJ cash DebtDrs Total current assets 219.135 20.162 239.297 139,360 139,360 Current Uabllltl QeOrS due within one Net cuirent Ms 235,052 136,115 crlItOrS rnounts fallirrfJ due after ffl0 than one year Total Net A$4ts 235 052 136 115 Funds Un5rfCted DesvJnated Restrkted 235.d52 136, 115 136 115 These accounts wefe appmbed by the Tnstees on èThJ signed on thelr TNstee The attached notes (1- 8) foThn part of thLs statemer
Notes to the financial statements THE WORD ONE TO ONE l A¢¢ountlng polices Oasls of pryatlon The accounts are prepared on the basis of hriC cost in accordan w - knunting and Reng by tharibes . Statement of Reaynmended P - P£counting 5tsndards, FRSIO2,' +¢kn {W 25). - and the Charitses PLt 2011. Donations DOnaonS a onty induded In the SOFA when the dwiity has . Tu l•1m$ on doTrlon$ g1ft8 l entiuement to the reg)urce5. Incoming reSourS from tsx redalms a IrK[e In the SOFA at the sam time as the gft to whth they relate. Expendltur• l eYpenditU Is accounted for on an acoua15 bas 2 Volunw Income Unrestrkted For perlod May 2021 to DeMr 2021 202Z Church donabons Indlmdual donat¥ IncDme from Par$p Income fN)m TnJAs C¢her Grft id trx redaim Total 4,053 167,800 22,512 I71,0 17,108 4,053 167,800 22,512 221,004 17,108 4.064 120,76B 31,338 140,096 14,759 452 967 316 821 3 Charlt•ble ¥tlvltl Toial 2022 For the perfod May 2021 to Dernber 2021 Leaeh, admlrknkn operatior Resource delOprnent Cnmmunlty delopment Intsrnadonal partnetshl) deknPnert Total 50,807 84,493 109.405 13.441 26.981 64,298 111,474 109,405 31,424 53,045 62,946 285 577 353 030 179 236 4 Govwnance cots Toial 2022 For the perSod May 2021 to De[Lr 2021 Independert ExBmination co*5 Legal arKI Professk)nal Bank charyes Totsl 750 720
Notes to the financial statements THE WORD ONE TO ONE 5 Analysis of n£t a55&s Fixed Assets rrent knets Totsl Restricted fun05 Degnated funds Unrestritted funds 235 052 235,052 235 052 235 052 6 Staff costs and Trustees expenses For the period May 2021 to Dember 2021 2022 lanes )cial securfty costs Pension cv5t5 176,882 13,973 14,157 103.580 10,951 9,852 Total 205 012 124 383 The arage number of eoe$ during the perictl was No employEe reWed emolurnents In exce55 of £60,000 during the peri No sums were relmbur5ed to the Trustees for their WO as Trustees. 7 Debtors 2022 202L G¢ft aid 8 Creditors 2022 2021 knuals
Notes to the financial statements THE WORD ONE TO ONE 9 Funds FurMI balan IncomlNJ Oirtgoing brought foThvard resouros Fund balances Ur Trnn5feryJ (xnied foThvard Unled General fund 136,115 402,963 86,577) (17,449) 235,052 Managert fijnd 67,453) 17,449 Unrestiicted Funds: The UnreiCI Funds are availabfe for u at the direti general Ob]tiveS of the charity. the Trust in furthwance of the Restricted funds Management is a fijnd set up to cover the c(6ts of the C 11