**THE WORD ONE TO ONE Charity No. 1192501**
**TRUSTEES REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**For the period ended 31 December 2023**
## **THE WORD ONE TO ONE**
## **CONTENTS**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report to the Trustees**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7|
|**Notes to the Financial Statements**|8 to 10|
## **REPORT OF THE TRUSTEES**
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
The charity was established on 24th November 2020 and is registered with the Charity Commissioners as number 1192501.
For the period in question, the Trustees were as follows:
Richard Eric Borgonon - Founder and Chairman
Charles Kworenga Kasenene - Treasurer
Nancy Benham MBE - Trustee
Simon John Alexander Lennox – Trustee (resigned 8[th] January 2024)
David James Jackman – Trustee, appointed 21[st] September 2023.
Akeel Husein Kurban Sachak – Trustee, appointed 21[st] September 2023.
The CEO is Le Fras Strydom.
The Independent Examiner is Heather Cheesman of Chichester Accounting, 104 Stockbridge Road, Chichester, West Sussex, PO19 8QP.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Word One to One is incorporated as a Charitable Incorporated Organisation, governed by a constitution and registered with the Charity Commission number 1192501.
Trustees come from backgrounds in the world of commerce, the charity sector and Christian 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 activities to the Chief Executive O]icer (CEO).
The Trustees in consultation with the CEO are responsible for the setting of remuneration for key sta] 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.
The overall governance of the charity is the responsibility of the Trustees who are elected for specific terms.
## **RECRUITMENT AND APPOINTMENT OF TRUSTEES**
The Trustees in consultation with the CEO are responsible for recruiting other Trustees.
1
## **OBJECTIVES AND ACTIVITIES**
Purposes of the charity are set out in the constitution as follows:
of Faith in particular, but not exclusively, by providing:
message of the Bible with others;
b) training events to mobilise Christians to share the Bible with their contacts and
friends;
c) training resources to enable church leaders to equip their own congregations to
share the Bible;
d) evangelistic events in the United Kingdom and in such other countries across the
The activities of the charity working towards these purposes are described under the following headings (these correspond with the details provided in the notes of our financial statements to show how our funds are applied):
## **Thought leadership**
Broadcasting the message that the Bible is relevant and powerful to transform lives and entire communities by speaking at conferences and engaging with Christian and secular media.
## **Community development**
share the message of the Bible within the communities they serve.
## **Resource development**
Developing and optimising guided read-through Bible engagement experiences.
## **International partnership development**
Developing of language communities to support high quality translations. Developing of international and country partnerships.
Across these activities the simple objective is to see a greater level of engagement with the message of the Bible across the UK and the world.
## **PUBLIC BENEFIT**
purposes outlined are demonstrably of benefit to the wider public, as people from a wide range of ages and stages and backgrounds - in an increasingly isolated society - are invited to consider the life and teaching of Jesus Christ within the context of a trusted relationship, typically supported by local churches and other community organisations.
2
## **ACHIEVEMENTS AND PERFORMANCE**
In the United Kingdom we are working with a growing number of churches at depth, aiming to see a growing confidence and a multiplication of Christians pro-actively sharing the message of the Bible. We are connected with more than 900 churches across the UK and growing.
This response from one church leader is typical:
_“We loved having John MacKinnon, and we used the Training Resources in our Small Groups throughout September, while I preached on John 1:1-18. It has been a joy to see the church feel equipped and grow in courage...we have four people reading with others (three starting in October) which is a real joy!”_
We also see evidence of the impact on wider society. As an example, here is a quote received from someone who encountered the message of the Bible as someone read with her at a debt clinic:
_“I really feel like that the Word is what I needed then and what I need now. The way that John is laid out is so simple, which was so helpful for me. I wasn’t overwhelmed by lots of writing and discussion points. It’s changed my life – it’s given me a life and friendships that I’ve always craved. I didn’t know anything about Jesus, and now I know the humble man that He is and that He’s got me, and He’s my best friend.”_
The launch of the mobile app in March was a major milestone – the monthly audience is already more than 2,000 users a month and steadily growing. This has in no way cannibalised the sale of books (27,393 in 2023 v 20,962 in 2022) and the usage of online notes (8,346 in 2023 v 7,848 in 2022). We are now connected to Bible sharing churches in more than 90 di]erent countries and growing.
In April, Richard Borgonon was a plenary speaker at Gafcon - a major global Anglican ministers’ conference – indicating the growing profile of our message and the ministry of The Word One to One.
Foundations were put in place to meet the growing demand for translations of our resources with the launch of a new content management system – connecting to United Bible Societies Digital Bible Library, and an enhanced community-based translation process.
## **FUTURE PLANS**
We will aim to continue building breadth and depth in the church engagement work in the UK.
In response to the growing global opportunity, we will also look to invest in team and technology with a view to localise our Bible-based experiences wherever they can have an impact.
## **FINANCIAL REVIEW**
show how the funds have been applied during the period with specific reference to expenditure on the activities outlined above.
can 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.
3
## **RESERVES POLICY**
The Trustees have set a reserve policy to hold 4 months’ worth of committed expenditure, including salaries and contractor retainers, the amount being £96,000 at the time of reporting.
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
statements from those of the Independent Examiner's, as stated in her report. The Trustees are responsible for preparing the Trustees report and financial statements in accordance with applicable law and United Kingdom Accounting Standards.
give a true and fair view of the state of a]airs of the charity and of incoming resources and application of resources for that period.
- Select suitable accounting policies and then apply them consistently
- Observe the methods and principles of the Charities SORP
- Make judgements and estimates that are reasonable and prudent
-State whether applicable accounting standards have been followed, subject to any departures
that the charity will continue in business
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity, and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) regulations 2008 and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and for 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.
Signed on behalf of the Trustees by
Richard Borgonon
Chairman of Trustees
4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES**
## **ON THE UNAUDITED ACCOUNTS OF**
## **THE WORD ONE TO ONE**
For the purposes of those charity funds on pages 6 to 10 for the period ended 31 December 2023 which require an independent examiner's report, we confirm the following:-
## **Respective Responsibilitiesof Trustees and Examiner**
The charity’s Trustees are responsible for the preparation of the financial statements. The charity’s Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
• examine the financial statements (under section 145 of the 2011 Act);
• to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act);
- state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes considerations of any unusual items or disclosures in the financial statements, and the seeking of explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the financial statements present a "true and fair view" and the report is limited to those matters set out in the statements below.
## **Independent Examiner's Statement**
In connection with my examination, no matter has come to my attention
1) which gives me reasonable cause to believe that, in any material respect, the Trustees have not met the requirements:
• to keep accounting records in accordance with s130 of the 2011 Act; and
• to prepare financial statements which agree with the accounting records and to comply with the accounting requirements of the 2011 Act; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
## **H Cheesman FCA 104 Stockbridge Road Chichester West Sussex PO19 8QP**
**Date: 1st October 2024**
5
**Statement of Financial Activities For the period ended 31 December 2023**
**THE WORD ONE TO ONE**
|**notes**
Incoming resources from generated funds
Voluntary income
**2**
**Total income**
Costs of generating funds
Charitable activities
**3**
Governance costs
**4**
**Total expenditure**
**Income / (expenditure) before transfers**
Transfers between funds
**9**
Gains / (losses) on investment assets
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**
**Net incoming/(outgoing) resources**
**before other gains/(losses)**|**Unrestricted**
**Designated**
**Restricted**
**funds**
**funds**
**funds**
**£**
**£**
**£**
358,491
-
50,004
**358,491**
**-**
**50,004**
-
-
-
407,078
-
50,004
2,116
-
-
**409,194**
**-**
**50,004**
**(50,703)**
**-**
**-**
-
-
**-**
**(50,703)**
-
**-**
-
-
-
**(50,703)**
**-**
**-**
235,052
-
-
**184,349**
**0**
**0**|**2023**
**Total**
**£**
**408,495**
**408,495**
**-**
**457,082**
**2,116**
**459,198**
**(50,703)**
**-**
**(50,703)**
**-**
**(50,703)**
**235,052**
**184,349**|**December 2022**
**Total**
**£**
**452,967**|
|---|---|---|---|
||||**452,967**|
||||**-**
**353,030**
**1,000**|
||||**354,030**|
||||**98,937**|
||||**-**|
||||**98,937**
**-**
**98,937**|
||||**136,115**|
||||**235,052**|
6
**Balance Sheet As at 31 December 2023**
**THE WORD ONE TO ONE**
|**notes**
**Current Assets**
Bank and cash
Debtors
**7**
Total current assets
**Current Liabilities**
Creditors due within one year
**8**
**Net current assets**
**Creditors**
Amounts falling due after more than
one year
**Total Net Assets**
**Funds**
**9**
Unrestricted
Designated
Restricted|**£**
**£**
183,521
13,573
197,094
12,745
**184,349**
-
**184,349**
184,349
-
-
**184,349**
**31st December 2023**|**£**
**£**
219,135
20,162
239,297
4,245
**235,052**
-
**235,052**
235,052
-
-
**235,052**
**31st December 2022**|**£**
**£**
219,135
20,162
239,297
4,245
**235,052**
-
**235,052**
235,052
-
-
**235,052**
**31st December 2022**|
|---|---|---|---|
||197,094
12,745|239,297
4,245||
|||||
||||**235,052**|
||||235,052
-
-|
||||**235,052**|
These accounts were approved by the Trustees on 10th October 2024 and signed on their behalf by
Richard Borgonon Chairman of Trustees
The attached notes (1 - 8) form part of this statement.
7
**Notes to the financial statements**
**THE WORD ONE TO ONE**
## **1 Accounting polices**
## **Basis of preparation**
The accounts are prepared on the basis of historic cost in accordance with:
- Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005);
- Accounting Standards, FRS102;
- and the Charities Act 2011.
## **Donations**
Donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
## **Tax reclaims on donations and gifts**
Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.
## **Expenditure**
All expenditure is accounted for on an accruals basis.
|**2**
**Voluntary income**
Church donations
Individual donations
Income from Partnership
Income from Trusts
Other
Gift Aid tax reclaim
Total
**3**
**Charitable activities**
Thought leadership
Community development
Resource development
International development
Leadership, administration and operations
Total
**4**
**Governance costs**
Independent Examination costs
Legal and Professional
Bank charges
Total|Unrestricted
£
5,810
153,481
-
170,000
12,283
16,917
358,491
Unrestricted
£
29,347
127,923
139,833
59,026
50,949
407,078
Unrestricted
£
1,000
1,116
-
2,116|Total
Restricted
2023
£
£
-
5,810
-
153,481
-
-
50,004
220,004
-
12,283
-
16,917
50,004
408,495
Total
Restricted
2023
£
£
15,012
44,359
-
127,923
15,012
154,845
15,012
74,038
4,968
55,917
50,004
457,082
Total
Restricted
2023
£
£
-
1,000
-
1,116
-
-
-
2,116|Total
2022
£
4,053
167,800
22,512
221,004
17,108
20,490|
|---|---|---|---|
||||452,967|
||||Total
2022
£
-
109,405
111,474
67,853
64,298|
||||353,030|
||||Total
2022
£
1,000
-
-|
||||1,000|
8
**Notes to the financial statements**
**THE WORD ONE TO ONE**
|**5 Analysis of net assets**
Fixed Assets
Current Assets
£
£
Restricted funds
-
-
Designated funds
-
-
Unrestricted funds
-
184,349
-
184,349
**6**
**Staff costs and Trustees expenses**
2023
£
Salaries
193,112
Social security costs
14,692
Pension costs
15,302
Total
223,106
The average number of employees during the period was
6
Two employees received emoluments in excess of £60,000 during the period.
No sums were paid to the Trustees for their work as Trustees.|Total
£
-
-
184,349|
|---|---|
||184,349|
||2022
£
176,882
13,973
14,157|
||205,012|
||5|
|**7**
**Debtors**
Gift aid
**8**
**Creditors**
Creditors and accruals|2023
£
13,573
2023
£
12,745|2022
£|
|---|---|---|
|||20,162|
|||2022
£|
|||4,245|
9
**Notes to the financial statements**
**THE WORD ONE TO ONE**
|**9 Funds**
**Unrestricted**
General fund
**Restricted**
Management fund|**Fund balances**
**brought forward**
**Incoming**
**resources**
**Outgoing**
**resources**
**Transfers**
**Fund balances**
**carried forward**
£
£
£
£
£
**235,052**
358,491
(409,194)
**-**
**184,349**
**-**
50,004
(50,004)
**-**
**-**|
|---|---|
||**-**
408,495
(459,198)
**-**
**184,349**|
## **Unrestricted Funds:**
The Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
## **Restricted funds:**
**Management fund** is a fund set up to cover the costs of the CEO.
10