WORLD CONNECT INTERNATIONAL, UK TRUSTEES’ REPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2024 CHARITY NUMBER: 1194944
Reference and administrative information
Trustees
The Duke of Bedford, Andrew Ian Henry Russell Hafsat Abiola
Christopher Cabot (stepped down from Chair of Trustees position on 28 October 2024) Emmanuelle Lepic Esme Lovell Smith Ilia Tchelikidi Sarah Caplin Joanne Lankester (resigned 14 February 2025) Kemal Ahmed (appointed 22 September 2024) Kristina Kenworthy (appointed 22 September 2024) Stephanie Cabot (appointed 28 October 2024 and assumed role of Chair of Trustees) Sarah Boillot (appointed 14 February 2025)
Chief Executive Officer
Patrick J. Higdon
Principal Office
24 Old Bond Street, London, W1S 4AP, United Kingdom
Charity Number
1194944
Governing Document
Constitution of a Charitable Incorporated Organisation
Independent Examiner
Price Bailey LLP, Anglia House, 6 Central Avenue, St. Andrews Business Park, Thorpe St. Andrew, Norwich NR7 0HR
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
��
��������������������������������������������[��] ���������������
������������������������������������������������������������������������������������������������������[��] ���������� ������������������������������������������������������������������������������������������������������������������ ��������������������������������������������������������������������������������������������������������������������� ���������������������������������������������������������
��������������������������������������[��] ���������������
��������������������������������������
����������������������������������������������������������������������������������������������������������������� ����������������������������������������������������������������������������������
�������������������������������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������������
������������������������������������������������������������������������������������������������������������������� �����������������������������������
������������������������������������������������������������������������������������������������������������������� ���������������������������������������������������������������������������������������������������������������������� �������������������������������������������������������������������������������������������������������������������� ��������������������������������������������������������������������������������������������������������������������� ��������������������������������������������������������������������������������������������������������������� ���������������������������������������������������������������������������������������������������������
���������������������������������������������������������������������������������������������������������������������� ���������������������������������������������������������������������������������������������������������������� ����������������������������������������������������������������������������������������������������������� ��������������������
����������������������������������������������������������������������������������������������������������� �������������������������������������������������������������������������������������������������������� ��������������������������������������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������������������������������������������� �������������������������������������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������������������������������������� �������������������������������������������������������������������������������������
����������������
����������������������������������������������������������������������������������������������������������������� ���������������������������������������������������������������������������������������������������������� ��������������������������������������������������������������������������������������������������������������� �������������
��
Objectives and activities for the public benefit
World Connect International, UK invests directly in the ideas of local leaders who are best positioned to drive selfsustaining development in their communities. This is achieved through World Connect’s grantmaking program. Progress in global development requires local communities to own the ideas that transform life as it is, improving health, education, and economic opportunity.
In 2024, World Connect directly invested £74,290 in grant funding. Grant funding was provided to 16 community-based organisations in Malawi, Ecuador and Ghana, of which a total of £41,310 was provided to nine communities in Malawi, a total of £26,967 was provided to six communities in Ecuador, and £423 to one community in Ghana. An additional £5,590 was granted to World Connect Rwanda to fund a training workshop for a new cohort of Rwandan grantees. Community projects were based in agriculture training and conservation in rural areas with a focus on women collectives, educational development, and structural renovations and enhancements to school and medical facilities.
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.
-
Direct and Quick Investment
-
Funding brings change and the quick movement of resources creates momentum.
-
- 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.
World Connect International UK believes that sustainable global progress is more effective when the power inside communities is activated. World Connect activates power inside communities by co-investing with communities to advance progress on their terms. The result of this co-investment model is a more effective, cost-efficient, and high impact development paradigm that addresses urgent inequities worldwide. The future of development is in activating insider power, with the role of outsiders being to activate new power centers to grow and sustain independently.
��
The charity is committed to making grants to communities based in the Global South that includes, but is not limited to, the following objects:
-
The prevention or relief of poverty by providing grants to individuals, charities, or other organizations working to relieve poverty.
-
The advancement of education by providing grants to individuals, charities, or other organizations working to advance education.
-
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.
The Trustees have had regard to the commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant.
Grant making policy
The Trustees have established a grant making policy to achieve its objectives 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 including 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 a grant from World Connect will follow the reporting and monitoring requirements set forth by the charity.
Financial review
In 2024, World Connect International UK received donations from its board, a corporate partner, and individuals. The charity received third-year funding from a three-year donor pledge to support the World Connect Ecuador program, and a one-time grant from its corporate partner to fund a grantee training workshop in Rwanda. In January 2024, the organization held an event in Paris, France and raised £91,705, net of expenses. World Connect, Inc., a US 501(c)3 in the United States, gave a grant of £71,482 to World Connect International UK.
To support its fundraising efforts, World Connect International UK has memberships with Chapel & York Foundation, Transnational Giving Europe, Fondation de France, and King Baudouin Foundation to administer cross-border donations from the United States, France, and Belgium. These memberships allow donors to receive tax benefits in the country where they reside, while allowing them to give to World Connect International UK.
World Connect International UK has one employee who serves as the Executive Director and Global Program Director. In addition to payroll and grants, the charity’s other larger expenses included event expenses, outsourced accounting and payroll processing, and an increase in fees related to membership-based fundraising.
During the year, the charity made a surplus of £53,570 (2023: (£59,034)). Total funds as at 31 December 2024 were £41,519 (2023: (£12,051)) of which £38,109 (2023: (£19,051)) were unrestricted and £3,410 (2023: £7,000) were restricted.
The cash position on 31 December 2024 was £47,901, with donations receivable of £16,577. Liabilities include grants payable of £17,758.
World Connect currently does not have a reserves policy in place. The organization will continue to grow its revenues to support its grant program, cover its operational costs and establish a reserve.
��
Plans for the future
In the forthcoming years, the Trustees and Executive Director will commit to deepening the engagement with the UK and European public to educate and share with their networks and other external communities the mission of the organization. The charity intends to increase its global giving in the future and deepen its impact throughout communities in the Global South.
Trustees’ responsibilities in relation to financial statements
The Charity’s Trustees are responsible for the preparation of Trustees’ Report and the financial statements in accordance with the requirements of the Charities Act 2011. The Charity’s Trustees consider that the charity does not meet the statutory requirement for an audit this period under the Charities Act 2011, nor does it meet the threshold for an independent audit examination.
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
This report has been prepared in accordance with the General Directions given by the Charities Commission under Section 145(5)(b) of the Charities Act 2011.
For and on behalf of the Board of Trustees
S Cabot (Sep 22, 2025, 7:11pm) Stephanie Cabot Chairperson
22 Sep 2025
��
WORLD CONNECT INTERNATIONAL, UK
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF WORLD CONNECT INTERNATIONAL, UK FOR THE YEAR ENDED 31 DECEMBER 2024
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 7 to 16
Your attention is to drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
We understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Aaron Widdows ACA FCCA Price Bailey LLP, Chartered Accountants
Anglia House, 6 Central Avenue St Andrews Business Park Thorpe St Andrew Norwich, Norfolk NR7 0HR
Date: 23 September 2025
��
WORLD CONNECT INTERNATIONAL, UK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes INCOME Donations, grants and legacies 2 Investment income 3 TOTAL INCOME EXPENDITURE Expenditure on charitable activities: 4 TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) BEING NET MOVEMENT IN FUNDS FOR THE YEAR Transfers Total funds at 1 January 10 TOTAL FUNDS 31 DECEMBER 10 |
Unrestricted Funds 2024 £ 266,043 70 |
Restricted Funds 2024 £ 43,964 - |
Total Funds 2024 £ 310,007 70 |
Total Funds 2023 £ 134,969 63 |
|---|---|---|---|---|
| 266,113 | 43,964 | 310,077 | 135,032 | |
| (208,953) | (47,554) | (256,507) | (194,066) | |
| (208,953) | (47,554) | (256,507) | (194,066) | |
| 57,160 - (19,051) |
(3,590) - 7,000 |
53,570 - (12,051) |
(59,034) - 46,983 |
|
| 38,109 | 3,410 | 41,519 | (12,051) |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
The notes on pages 9 to 16 form part of these financial statements.
�
WORLD CONNECT INTERNATIONAL, UK
BALANCE SHEET AS AT 31 DECEMBER 2024
| CURRENT ASSETS Notes Debtors: Amounts due within one year 7 Cash at bank and in hand Creditors: Amounts due within one year 8 NET CURRENT ASSETS / (LIABILITIES) TOTAL ASSETS LESS TOTAL LIABILITIES Unrestricted funds 10 Restricted funds 10 TOTAL FUNDS |
2024 £ 16,916 47,901 64,817 (23,298) 41,519 41,519 38,109 3,410 41,519 |
2023 £ 14,647 53,441 |
|---|---|---|
| 68,088 (80,139) |
||
| (12,051) | ||
| (12,051) | ||
| (19,051) 7,000 |
||
| (12,051) |
22 Sep 2025
The financial statements were approved by the Trustees on and are signed on their behalf by:
~~………………………………~~ S Cabot (Sep 22, 2025, 7:11pm) Stephanie Cabot
(Chair)
The notes on pages 9 to 16 form part of these financial statements.
�
WORLD CONNECT INTERNATIONAL, UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 ACCOUNTING POLICIES
General information
World Connect International, UK is a charitable incorporated organisation, registered in the United Kingdom under the Charities Act 2011. The principal address is 24 Old Bond Street, London W1S 4AP, United Kingdom.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
Basis of preparation
The financial statements have been prepared in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
World Connect International, UK meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The charity, being small in size, has used the exemption provided by Charities SORP (FRS 102) under which it is not required to include a cash flow statement as part of the financial statements.
Going concern
The Trustees have considered the ongoing activities of the Charity and its ability to meet its obligations. There was a large surplus in the current year with plans to increase corporate and individual income by the board. Additionally, the Trustees continue to pursue new fundraising opportunities and ongoing support as the Charity and Board of Trustees matures from a newly established entity.
As a result, the Trustees assessment is that World Connect International, UK will remain a going concern of 12 months from the date of approval of these accounts.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.
�
WORLD CONNECT INTERNATIONAL, UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (continued)
Income
Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Voluntary income is received by the way of donations and is included in full in the Statement of Financial Activities when receivable. Grants are recognised in full in the Statement of Financial Activities in the year which they are receivable.
Income from investments are recognised when receivable.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes that which relates directly to fulfilling the charitable objectives of the Charity, as outlined in the Trustees' Report.
Debtors and creditors receivable / payable within one
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Creditors are recognised when the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount.
Cash at bank and in hand
Cash at bank and in hand includes cash held in bank accounts. There are no short term investments.
Pensions
The Charity provides a defined contribution pension scheme, whereby the Charity and its staff each fund the scheme, managed by a third party provider, the assets of which are held by the provider separately from the assets of the Charity. The pension charge in the financial statements represents the amounts payable by the charity to the fund in respect of the period.
Taxation
The Charity is exempt from taxation in respect of income and capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to the charitable purposes.
��
WORLD CONNECT INTERNATIONAL, UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (continued)
Financial instruments
The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their at their settlement value as at the balance sheet date. All financial instruments of the charity are measured at cost.
Judgements and key sources of estimation uncertainty
In the application of the Charity's accounting policies, which are described above, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.
The Trustees do not consider that there are any critical judgements or sources of estimation uncertainty in the financial statements.
2 DONATIONS, GRANTS AND LEGACIES
| Donations Donations in kind Grants Donations Donations in kind Grants |
Unrestricted 2024 £ 194,561 - 71,482 266,043 Unrestricted 2023 £ 42,776 - 21,495 64,271 |
Restricted 2024 £ 40,168 3,796 - 43,964 Restricted 2023 £ 45,923 24,775 - 70,698 |
Total 2024 £ 234,729 3,796 71,482 |
|---|---|---|---|
| 310,007 | |||
| Total 2023 £ 88,699 24,775 21,495 |
|||
| 134,969 |
Donations in kind of £3,796 (2023 - £24,775) relate to pro-bono legal work (2023 - legal costs).
��
WORLD CONNECT INTERNATIONAL, UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
3 INVESTMENT INCOME
| Bank interest Bank interest 4 EXPENDITURE ON CHARITABLE ACTIVITIES Wages and salaries Social security costs Pension costs Employee benefits Bank fees Accountancy fees Grants paid Professional fees Field agent contracts Co working membership Insurance Event costs Platform fee Advertising Travel Administration costs |
Unrestricted 2024 £ 70 Unrestricted 2023 £ 63 Total 2024 £ 123,120 9,826 997 3,621 5,068 10,671 74,290 3,796 - 476 590 21,014 - 908 1,252 878 256,507 |
Total 2024 £ 70 |
|---|---|---|
| Total 2023 £ 63 |
||
| Total 2023 £ 96,426 7,261 1,425 1,744 484 12,082 43,277 24,775 3,316 1,314 419 1,043 500 - - - |
||
| 194,066 |
Total expenditure was £256,507 (2023: £194,066) of which 47,554 (2023: 77,323) was restricted and 208,953 (2023: £116,743) was unrestricted.
��
WORLD CONNECT INTERNATIONAL, UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Analysis of grants payable: Ecotourism Association of Yamaram Jintial Tayu Jee Fundacion Kyllkay Chief and Elders Council Fellows for Change Parent Teacher Association of Bethel School Comples Red Intercultural de Semillas Cultivando el Futuro SMC Asaman Teen Talk Ghana Asociacion RAFALEX Plaza Gutierrez Women's Entrepreneurial Collective Kafanikhale Village Development Committee Chiponda Village Development Committee Masimbe Village Development Committee Chikudzo Village Development Committee Zingani Village Development Committee Chinkanda Village Development Committee Chiundira Village Development Committee Mndembo Village Development Committee Chimombo Village Development Committee World Connect Rwanda Making Crafts with Recycled Materials Mitigating Climate Change in Peguche MURU Kichwa Network of Organic Farmers and Producers Dairy Plant Project for the Farmers of Guayabillas Community Entrepreneurship Center in Support of Ancestral Education Interior and Exterior Adaptation of La Bocatoma Housing Modules 5 STAFF COSTS Wages and salaries Social security costs Pension costs The average number of employees during the year was as follows: Employees |
2024 £ - - - - - - - - 423 - - 4,561 4,574 3,161 5,542 4,906 4,628 4,576 4,817 4,545 5,590 4,871 4,873 4,889 3,984 4,109 4,241 74,290 2024 £ 123,120 9,826 997 133,943 2024 No. 1 |
2023 £ 3,564 3,022 3,348 3,896 3,956 4,835 4,182 4,691 2,946 4,001 4,836 - - - - - - - - - - - - - - - - |
|---|---|---|
| 43,277 | ||
| 2023 £ 98,170 7,261 1,425 |
||
| 106,856 | ||
| 2023 No. 1 |
��
WORLD CONNECT INTERNATIONAL, UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5 STAFF COSTS (continued)
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| was: | ||
|---|---|---|
| In the band £90,001 to £100,000 In the band £140,001 to £150,000 |
2024 No. - 1 1 |
2023 No. 1 - |
| 1 |
The key management personnel of the charity are the Trustees and the Chief Executive Officer. The pay and benefits (including employer pension contributions) of the Key Management Personnel were £137,564 (2023 - £106,856).
In their roles as Trustees, the Trustees give their time and expertise freely without any form of remuneration or other benefit in cash or kind.
During the year ended 31 December 2024, expenses totalling £254 were reimbursed or paid directly to one trustees (2023 - none). The amount related to event costs for an event held during the year.
6 INDEPENDENT EXAMINER'S REMUNERATION
| 6 INDEPENDENT EXAMINER'S REMUNERATION |
||
|---|---|---|
| Independent examination fees 7 DEBTORS Prepayments and accrued income 8 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Grants payable Trade creditors Accruals Deferred income Other creditors 9 DEFERRED INCOME Deferred income brought forward Resources deferred during the year Amounts released from previous years Fees payable to the Charity's Independent Examiner in respect of other services |
2024 £ 2,460 10,671 2024 £ 16,916 2024 £ 17,758 306 4,977 - 257 23,298 2024 £ 35,892 - (35,892) - 8,211 |
2023 £ 2,340 5,601 |
| 7,941 | ||
| 2023 £ 14,647 |
||
| 2023 £ 39,715 - 4,532 35,892 - |
||
| 80,139 | ||
| 2023 £ - 35,892 - |
||
| 35,892 |
Deferred income relates to income received in advance for events held after the year.
��
WORLD CONNECT INTERNATIONAL, UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| **10 ** | STATEMENT OF FUNDS 2024 Brought Income Expenditure Transfers forward £ £ £ £ UNRESTRICTED FUNDS General funds (19,051) 266,113 (208,953) - RESTRICTED FUNDS Individual donor - 38,168 (38,168) - Retail Value 7,000 2,000 (5,590) - Donations in kind - 3,796 (3,796) - 7,000 43,964 (47,554) - Total (12,051) 310,077 (256,507) - 2023 Brought Income Expenditure Transfers forward £ £ £ £ UNRESTRICTED FUNDS General funds 33,358 64,334 (116,743) - RESTRICTED FUNDS Individual donor 13,625 38,923 (52,548) - Retail Value - 7,000 - - Donations in kind - 24,775 (24,775) - 13,625 70,698 (77,323) - Total 46,983 135,032 (194,066) - Restricted fund Description Individual donor Three-year pledge made in 2022 to support programs in Ecuador. Retail Value Grant to support the World Connect Rwanda's Leadership Summit. Donations in kind Legal work done by a firm pro-bono. |
Carried forward £ 38,109 |
|---|---|---|
| - 3,410 - |
||
| 3,410 | ||
| 41,519 | ||
| Carried forward £ (19,051) |
||
| - 7,000 - |
||
| 7,000 | ||
| (12,051) | ||
��
WORLD CONNECT INTERNATIONAL, UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Current assets Creditors due within one year Current assets Creditors due within one year |
Unrestricted Funds 2024 £ 61,407 (23,298) 38,109 Unrestricted Funds 2023 £ (14,519) (4,532) (19,051) |
Restricted Funds 2024 £ 3,410 - 3,410 Restricted Funds 2023 £ 82,607 (75,607) 7,000 |
Total Funds 2024 £ 64,817 (23,298) |
|---|---|---|---|
| 41,519 | |||
| Total Funds 2023 £ 68,088 (80,139) |
|||
| (12,051) |
12 PENSION COMMITMENTS
The charity operates a defined contribution pension scheme. The assets of the schemes are held separately from those of the charity in independently administered funds. The total pension cost charge represents contributions payable by the charity to the funds and amounted to £997 (2023 - £1,425). There were £257 pension commitments outstanding and included in creditors at the end of the year (2023 - £nil).
13 RELATED PARTIES
There were no related party transactions (2023: none).
��