Trustees’ Annual Report – 31[st] March 2024
TWiQ Publishing
Execu;ve Summary
The past year has been a productive and transformative period for our charity, primarily focusing on developing new Bible Study materials. We have dedicated significant effort to researching and refining a set of templates that provide a solid foundation for future contributions. These templates have been tested through real-world application, and we are now confident in their effectiveness. As a result, our focus for 2024/25 will shift towards commissioning and expanding our range of study materials.
While remaining self-funded, we have prioritised the development of our core deliverables. This strategic approach has provided clarity on the charity’s future direction and sustainability. A key milestone has been securing a partnership with a newly established commercial entity, which has committed to making donations based on their success. This partnership will enable us to dedicate more resources to creating high-quality printed and digital study materials, reducing the time spent on fundraising activities.
Despite a measured pace of progress, we have maintained strict financial oversight while continuing to expand our reach. With the new partnership in place for the upcoming fiscal year, we anticipate accelerating the production of Bible Study materials. This will allow us to both increase our internal output and collaborate with others to commission additional content, thereby broadening our global impact.
Looking ahead, the pace of our growth will be closely tied to the level of donations received through our new partnership in 2024/25. Nevertheless, we have already delivered study sessions to over 50 recipients, helping to deepen understanding of the Bible’s teachings and extend our outreach both in the UK and internationally. On publication of the 5-volume Mark study, a public launch is planned for late 2024 to promote the TWiQ website and these studies more widely and grow the number of users.
G. Gibson
Chair of Trustees
| TWiQ P | ublis~~hi~~ for year |
~~n~~g - income and e~~x~~ ending 31st March 2024 |
~~p~~enditure | |||||||||||||||||
| income | outgoing | s | Balance | bank statement |
||||||||||||||||
| bank at start of month |
Date | Description | Description | Infra- structure |
Running Costs |
Projects | subtotal | chq no. | ||||||||||||
| TWiQ Website |
Print & Publish |
|||||||||||||||||||
| Open | ing Balance | 804.38 | ||||||||||||||||||
| Q1 | Apr-23 | 804.38 | 28-Apr-23 | 2.63 | Bank(Gross) Int | |||||||||||||||
| 2.63 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 807.01 | 003 | ||||||||||||
| May-23 | 807.01 | 02-May-23 | 50.00 | Donation | ||||||||||||||||
| 28-May-23 | 3.02 | Bank(Gross) Int | ||||||||||||||||||
| 53.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 860.03 | 004 | ||||||||||||
| Jun-23 | 860.03 | 01-Jun-23 | 50.00 | Donation | ||||||||||||||||
| 30-Jun-23 | 3.28 | Bank(Gross) Int | ||||||||||||||||||
| 53.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 913.31 | 005 | ||||||||||||
| Q2 | Jul-23 | 913.31 | 03-Jul-23 | 50.00 | Donation | |||||||||||||||
| 31-Jul-23 | 3.87 | Bank(Gross) Int | ||||||||||||||||||
| 53.87 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 967.18 | 006 | ||||||||||||
| Aug-23 | 967.18 | 01-Aug-23 | 50.00 | Donation | ||||||||||||||||
| 31-Aug-23 | 4.30 | Bank(Gross) Int | ||||||||||||||||||
| 54.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,021.48 | 007 | ||||||||||||
| Sep-23 | 1,021.48 | 01-Sep-23 | 50.00 | Donation | ||||||||||||||||
| 29-Sep-23 | 4.40 | Bank(Gross) Int | ||||||||||||||||||
| 54.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,075.88 | 008 | ||||||||||||
| Q3 | Oct-23 | 1,075.88 | 02-Oct-23 | 50.00 | Donation | |||||||||||||||
| 31-Oct-23 | 4.77 | Bank(Gross) Int | ||||||||||||||||||
| 01-Nov-23 | 50.00 | Donation | ||||||||||||||||||
| 104.77 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,180.65 | 009 | ||||||||||||
| Nov-23 | 1,180.65 | 30-Nov-23 | 4.85 | Bank(Gross) Int | ||||||||||||||||
| 01-Dec-23 | 50.00 | Donation | ||||||||||||||||||
| 54.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,235.50 | 010 | ||||||||||||
| Dec-23 | 1,235.50 | MX1016980 INV-294823(25 x Mark ch 1-4) | 91.49 | |||||||||||||||||
| MX1056666 INV-308465(15 x Mark ch 5-7) | 65.99 | |||||||||||||||||||
| MX1122244 INV-327485(20 x Mark ch 8-10) | 104.99 | |||||||||||||||||||
| MX1056726 INV-328267(25 x Mark ch 1-4) | 91.49 | |||||||||||||||||||
| 123-Reg TWiQ Domian names | 55.17 | |||||||||||||||||||
| Postage of printed materials | 6.60 | |||||||||||||||||||
| Labels for(Teaching) Printed Volumes | 16.80 | |||||||||||||||||||
| 29-Dec-23 | 4.80 | Bank(Gross) Int | ||||||||||||||||||
| 4.80 | 0.00 | 55.17 | 0.00 | 377.36 | 0.00 | 432.53 | 807.77 | 011 | ||||||||||||
| Q4 | Jan-24 | 807.77 | ||||||||||||||||||
| Website Dev(NextNorth) | 613.00 | |||||||||||||||||||
| 02-Jan-24 | 50.00 | Donation | ||||||||||||||||||
| 31-Jan-24 | 1.12 | Bank(Gross) Int | ||||||||||||||||||
| 01-Feb-24 | 50.00 | Donation | ||||||||||||||||||
| 101.12 | 0.00 | 0.00 | 613.00 | 0.00 | 0.00 | 613.00 | 295.89 | 012 | ||||||||||||
| Feb-24 | 295.89 | 29-Feb-24 | 0.96 | Bank(Gross) Int | ||||||||||||||||
| 01-Mar-24 | 50.00 | Donation | ||||||||||||||||||
| 50.96 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 346.85 | 013 | ||||||||||||
| Mar-24 | 346.85 | |||||||||||||||||||
| 28-Mar-24 | 0.59 | Bank(Gross) Int | ||||||||||||||||||
| 0.59 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 347.44 | 014 | ||||||||||||
| rebates and interest | 38.59 | website | ||||||||||||||||||
| grants and donations | 550.00 | 613.00 | ||||||||||||||||||
| signed by chairman: | ||||||||||||||||||||
| /Users/garrypaxton/Dropbox/ | shr - TWiQ/2) A | ccounts(inc V | irgin)/2023-24/Charity Accounts 2023-24(v2) |