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2021-12-31-accounts

WORLD CONNECT INTERNATIONAL, UK TRUSTEES’ REPORT AND ACCOUNTS

PERIOD ENDED: 31[ST] DECEMBER 2021 CHARITY NUMBER: 1194944

Reference and administrative information

Trustees

The Duke of Bedford, Andrew Ian Henry Russell Hafsat Abiola Christopher Cabot, Chair of Trustees Glenda Burkhart Carolyn Makinson (resigned 11 October 2021) Esme Lovell Smith Courtenay Cabot Venton Ilia Tchelikidi

Chief Executive Officer

Patrick J. Higdon

Principal Office

21 Greswell Street, London, SW6 6PR

Charity Number

1194944

Governing Document

Constitution of a Charitable Incorporated Organisation

Bankers

CAF Bank, 25 Kings Hill Ave, Kings Hill, West Malling ME19 4TA

Solicitors

Morgan, Lewis & Bockius UK LLP, Condor House, 5-10 St. Paul's Churchyard, London EC4M 8AL

Report of the trustees for the period ended 31[st] December 2021

The Trustees present their annual report and financial statements of the charity for the period ended 31[st] December 2021. The financial statements have been prepared on a receipts and payments basis in accordance with the requirements of the Charities Act 2011.

The charity was incorporated on the 24[th] of June 2021. In its first period of operation there were no financial or programmatic activities in the period.

Structure, governance, and management

World Connect International, UK is a registered charitable incorporated organisation, charity number 1194944, in England and Wales and is governed by its Constitution adopted on 2 December 2021. The present Trustees, who are also Directors under company law, are the founding members of the organisation, and new member appointments are made by the Trustees. Under the Constitution, the Board of Trustees is subject to there being no fewer than three Trustees at any one time.

There was one change to the board positions in 2021, in which one Trustee resigned her duties on 11 October 2021. The Trustees give their time to the charity on a voluntary basis and receive no renumeration.

Trustees may be appointed by a resolution passed at a properly convened meeting of the charity trustees. A Trustee may be retired from the board by notification in writing, absent from all meetings without permission within a period of six months and the trustees resolve the office to be vacated, death, a registered medical practitioner’s written opinion a person has become physically or mentally incapable of acting as a trustee, or disqualification from acting as a charity trustee by virtue of sections 178-180 of the Charities Act 2011 (or any statutory re-enactment or modification of that provision). Any person retiring as a charity trustee is eligible for reappointment.

The Trustees will meet during the year, in person or by video conference, to discuss matters relevant to the charity. They work with the Executive Director to support the initial establishment of the charity and the long-term strategic plans for the charity. Responsibility for the implementation and day-to-day management is delegated to the Executive Director.

Risk management

The Trustees have considered the strategic, business, and operational risks the charity can confront and confirm appropriate systems have been established and are regularly reviewed. These risks include grant making to communities around the world. Trustees and the Executive Director maintain policies and procedures to mitigate those risks.

Objectives and activities for the public benefit

World Connect International, UK creates opportunities for local leadership to grow with trust in our selected partners and direct investment in local innovation. Progress in global development requires local communities to own the ideas that transform life as it is, improving health, education, and economic opportunity.

World Connect applies the following principals in its grantmaking:

  1. Trust in Local Leaders

  2. The transformational ideas and energy to make progress in development exists at the local level worldwide. World Connect’s global trust network sources the leaders and its tools enable quick action with sustaining health, education, and economic impact for communities in the Global South.

  3. Direct and Quick Investment

  4. Funding brings change and the quick movement of resources creates momentum.

    1. Accountability

  6. Communities receiving a grant from World Connect will contribute their own cash and in-kind investments in their projects.

  7. Scale

  8. Direct investments and quick action lead to confidence that spreads.

The charity is committed to making grants to communities based in the Global South that includes, but is not limited to, the following objects:

  1. The prevention or relief of poverty by providing grants to individuals, charities, or other organizations working to relive poverty.

  2. The advancement of education by providing grants to individuals, charities, or other organizations working to advance education.

  3. The relief of sickness and the preservation of health by providing grants to individuals, charities, or other organizations working to relieve sickness and preserve health.

Grant making policy

The Trustees have established a grant making policy to achieve its objects for the public benefit that includes the prevention or relief of poverty, the advancement of education, and the relief of sickness and preservation of health in the Global South.

The charity will award grants generally between £1,000 and £8,000, but larger grant awards will be considered. The charity welcomes proposals from Global South applicants that includes other organisations, charities, communities, and individuals. The charity will also consider proposals shared by World Connect, Inc. that come from similar applicants.

A candidate may submit a grant at any time, however, a formal call for proposals is announced periodically throughout the year. All candidates must complete a grant application provided by the charity, that includes a project budget to be considered for a grant. A Committee of World Connect Staff will review proposals and recommend to the Charity Trustees, who have ultimate responsibility for all grant-making decisions, grant recommendations.

Candidates awarded with a grant from World Connect will follow the reporting and monitoring requirements set forth by the charity.

Reserves Policy

The charity does not have a reserves policy.

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Charity Name No (if any)
WORLD CONNECT INTERNATIONAL, UK
Receipts andpayments accounts CC16a
For the period
from		 Period start date
24-Jun-21		 Period end date
To
31-Dec-21
Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
-
-
-
-
-
-
-
-

-
-
-
-
-
-
-
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-
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-
-		 Restricted
funds
to the nearest £
-
-
-
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-
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-		 Endowment
funds
to the nearest £
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-		 Total funds
to the nearest £
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-		 Last year
to the nearest £
NONE - -
- -
- -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)
-		 -
A2 Asset and investment sales,
(see table).
NONE -
- -
~~Sub total~~ - -
Total receipts
A3 Payments
-

NONE		 - -
- -
- -
- -
- -
- -
- -
- -
- -
**Sub total ** - -
A4 Asset and investment
purchases, (see table)

NONE		 -
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
-
- - -
-		 -
- - - - -
- - - - -
- - - - -

CCXX R1 accounts (SS)

10/24/2022

1

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