# **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 - 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. 2. Direct and Quick Investment - Funding brings change and the quick movement of resources creates momentum. - 3. Accountability - Communities receiving a grant from World Connect will contribute their own cash and in-kind investments in their projects. 4. Scale - 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. 021_) inanciil mle IThLYL' werc no financial in 2021 fL* World C'oDr*d Intrrn8tKxuI. UK. The charity c&(ablishcd in Jun¢ 2021. •nd th¢ rtmiind¢r nfth¢ ￿ri￿d srrtnt eA*blishing a F acci)UllL filin8811 nec¢ss8ry and f0m￿lIS1￿￿ the BO￿ 0fTn￿e¢S Ind its Pl•ns for the futsr¢ lrt thc f¢)rfthcomiThg year& Tn¥tr£S Ind Di￿410r￿lI1 c4Jmitto th¢￿]n8 the ert8ag¢ment with the UK [￿blIC to cthxats sh￿¢ with tkirntt￿kS and thex¢ern81 CA)Tnmuttities the mission of the wisatiiyi. Tr ch¥ity intend5 to i1￿•3¢ its 8loE418i*in8 iti the futwe •addew its thmughoul ¢rnuniba in the Gtohi South. TThitees' rupooslbllld¢s In rel•tlofj to ststements Th¢ Charity's TnLf¢S •Te r¢4*￿Ible for the rntifA ofTnJste¢s' Reprt •nd fin￿¢111 stytements in Xc0rd￿￿e with the requirem￿ts of the Ch*iti¢sA¢t 2011. The Chvity's Tnjstr ¢OnSiderth￿ the cknty thxg n(rt n%¢t the *It￿Ory Iwuirmient fty*n •uditthii ptri¢d ur#Jer th¢ Clwiti¢5 A¢t 2011 (the Ad) wr thxs itm¢¢t the ]￿t exmnin statements in XCQTd•n￿ with ¥Olic￿le i•w and United Kiti￿)￿ A¢<•￿￿tio& si￿r (Unit)l KIngd(￿ll G¢ntt￿y A¢¢oted AcCo￿tiD# Pr￿1¢¢). The Tnmtrcs are resmibie fork¢epin8 x¢(wJntinB Tt¢rythth# with VXWA¢y the psition ofthe ¢lthrity ar#leDthl¢ them to thc fow￿111 5tsttments ecryly with the chviti￿ Ad 2011. the w11L￿1t Clwities (A¢¢4unts and K¢m) Regulations ahd provisiojs oftheThN¢ De& Try ￿t also fe8FrfJDthle for ￿re8￿￿￿$the •ssets ofthe dJaTtty*nd ftytthll8 Ity ts theweveDtion and detection of F(¢￿1 on bebalf of the Bwd of Tnwtr |**Charity Name**||**No (if any)**||| |---|---|---|---|---| |**WORLD CONNECT**|**INTERNATIONAL, UK**|||| |**Receipts andpayments accounts**||||**CC16a**| |**For the period**
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**-**||**Last year**
**to the nearest £**| |NONE|**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
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**-**||**-**| ||**-**|**-**|**-**|**-**||**-**| ||**-**|**-**|**-**|**-**||**-**| ||**-**|**-**|**-**|**-**||**-**| CCXX R1 accounts (SS) 10/24/2022 1 S•ctlM B Stst•i*nt ol *gs•ts •nd li•bilttl*s at th• •nd ol th• pwlod fvr Oil•ils