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2021-12-31-accounts

WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Registered Charity No 233242

NORMAN COX & ASHBY

Chartered Accountants and Statutory Auditors Grosvenor Lodge 72 Grosvenor Road Tunbridge Wells Kent TN1 2AZ

WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND

CONTENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Page

REPORTS

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|||||| |---|---|---|---|---| |Report|of the|Trustees|1-4| |Report|of the|Independent|Examiner|5|

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FINANCIAL STATEMENTS

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||||||| |---|---|---|---|---|---| |Statement|of|Financial|Activities|6| |Balance|Sheet|7| |Notes|to|the|Financial|Statements|8-16|

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WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees present their report and the accounts for the year ended 31 December 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and accounting and Reporting by Charities: 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).

OBJECTIVES AND ACTIVITIES

Principal Objectives

The principal object of the charity is to unite Christians in prayer.

Activities

The trust furthers its charitable purposes for the public benefit by:

(i) holding services on the first Friday in March in each year; (ii) fostering local interdenominational prayer groups and other activities bringing women together in closer fellowship, understanding and action throughout the year;

During the year, the charity continued its objects. The major event with financial implications is the organisation of the Day of Prayer in March of each year.

The National Committee received the basic World Order of Service for the Day of Prayer, which in 2021 was prepared by the Christian Women of Vanuatu, with the theme: “Build on a strong foundation”. The Committee adapted and published it for use on the Day of Prayer.

After meeting overhead expenses and maintaining reserves at a level stated in the policy of the trustees, the National Committee allocates surplus income by making grants to assist projects run by Christian charities throughout the world.

Public Benefit

The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.

ACHIEVEMENTS AND PERFORMANCE

The National Committee's objective for 2021 was to increase the level of attendance at the Day of Prayer but this was not achieved due to a reduction in the number of services held due to the covid-19 pandemic.

There are three paid staff in the office and all other personne! who work for the charity are volunteers. The deemed value of the time provided by the volunteers cannot be quantified and is not recorded in the financial statements.

The trustees would like to express their gratitude to all those who have provided support in prayer, in time and financially during the year. Donations under Gift Aid resulted in a repayment of tax of £29,711 (2020: £37,529). Grants paid in the year to support Christian work throughout the world were £69,365 (2020: £163,687).

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WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

FINANCIAL REVIEW

The charity’s work is entirely reliant upon the financial collections received at the annual Day of Prayer. During the year, income in the Unrestricted General Fund decreased from £430,323 in 2020 to £304,964 in 2021 and expenditure decreased from £416,116 to £309,080, due to a reduction in grants paid during the year. There wasa deficit for the year of £9,116 after transferring £30,000 to the Contingency Fund. The balance at 31 December 2021 was £214,122 (2020: £248,238).

The trustees agreed to make an annual allocation of £7,500 to the Welsh Committee for their use in paying grants, printing and other expenses.

The Designated Funds had balances carried forward at 31 December 2021 of £175,000 on the Contingency Fund (2020: £145,000) and £252 on the Young Women’s Conference Fund (2020: £1,202) after payments of £950 (2020: £1,450).

The balance carried forward on the Restricted European Fund at 31 December 2021 was £38,124 (2020: £34,425). It received income of £3,700 (2020: £5,085) and, with no conference during the year, had minor expenditure of £1 (2020: £16). The fund comprises amounts donated to pay for the travel expenses for two delegates from Europe on the International Executive Committee of World Day of Prayer and to provide travel expenses for European committees.

Reserves policy

The cost of printing and distributing the service material is substantial and a policy decision has been taken to keep in reserve sufficient funds each year to meet any obligations, particularly to the printer, for the succeeding year in the event of a major decline in the income of the charity, which is mainly from freewill donations collected at the annual services.

In May 2021, the trustees agreed to increase the annual transfer from the General Fund to the Contingency Fund from £5,000 to £30,000 a year for the next four year. The balance on the Contingency Fund at 1 January 2021 was £145,000 and £175,000 at 31 December 2021.

Risk Management

The trustees have examined the major strategic business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. The main risk is that attendance at the services on the Day of Prayer is reduced, as occurred in 2018 due to severe weather conditions, resulting in a significant reduction in income from collections.

Plans for the Future

The trustees will continue to facilitate the annual Day of Prayer and encourage an increased number of participants in this worldwide wave of prayer.

The Day of Prayer in March 2021 was held in a very different way from previous years, with services on Zoom, live streamed and on YouTube whilst some were postponed until later in the year and others were cancelled. It has been encouraging to receive individual donations through the website, by text messaging and by cheque and cash in the post. Donors have been generous in their donations and more has been given under gift aid.

The trustees are also planning the Order of Service for the Day of Prayer in March 2022, which will be used throughout the world. The theme will be “! know the plans | have for you” and various committees and groups are working and discussing the many aspects involved.

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WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The trust is a registered unincorporated charity which operates under a Constitution, adopted on 21 January 1964 and amended by resolutions dated 20 September 1968, 14 January 1969, 11 July 1972, 2 July 1983, 12 March 1991, 20 May 1997, 18 September 2001, 1 February 2003, 19 May 2009, and 1 September 2017. The trust was registered with the Charity Commission on 1 January 1965.

At the annual general meeting held on 15 May 2018, it was agreed to change the name of the charity from The National Committee of the Women's World Day of Prayer for England and Wales and Northern Ireland to World Day of Prayer National Committee for England, Wales and Northern Ireland. It will be known as World Day of Prayer — A women led, global, ecumenical Movement.

Trustees

The trustees are appointed for a period of six years to serve two years in each of the offices of ViceChairperson, Chairperson and President. New trustees will have had previous involvement with the World Day of Prayer and will be aware of the charity’s aims and objectives. The outgoing trustees provide advice on the roles and responsibilities of the positions.

The National Committee is responsible for all decision making and is made up of representatives from the main Christian denominations, the officers of the Charity and one representative from each of the English speaking churches in Wales, the Welsh speaking churches in Wales and from Northern Ireland. The trustees and members of the National Committee give their time free. No trustee received any remuneration in the year and note 12 discloses the travel, telephone and office expenses reimbursed. There are over 3,000 branches operating in England and Wales and Northern Ireland which are facilitated by the National Committee through its administrative office.

Reference and Administrative Information

Registered Charity Number

233242

Working Name

Principal Office Address

Telephone E-mail Website

Trustees

who served throughout the year and to the date of signature of this report

World Day of Prayer

Commercial Road, Tunbridge Wells, Kent TN1 2RR

01892 541411 office @wwadp.org.uk www.wwdp.org.uk

Dr Elizabeth Burroughs Mrs Nicola Hoskin-Stone Mrs Carole Bourne

Officers President Dr Elizabeth Burroughs From 15 September 2020 Chairperson Mrs Nicola Hoskin-Stone From 15 September 2020 Vice Chairperson Mrs Carole Bourne From 15 September 2020 Appointed Officers Mrs Gwen Wildman To 21 September 2021 Mrs Louise Bowes From 15 September 2020 Mrs Beryl Cosens To 21 September 2021 Mrs Christine Miles From 21 September 2021 Mrs Suzanne O'Malley From 21 September 2021

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WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)

Reference and Administrative Information (Continued)

Independent Examiner N M Gower-Smith FCA Norman Cox & Ashby, Chartered Accountants Grosvenor Lodge, 72 Grosvenor Road Tunbridge Wells, Kent TN1 2AZ Bankers National Westminster Bank plc 89 Mount Pleasant Road Tunbridge Wells, Kent TN1 1QJ Solicitors Drysdales Cumberland House 24-28 Baxter Avenue Southend on Sea, Essex SS2 6HZ

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity, and to 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 and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

This report was approved by the trustees on 25 April 2022 and signed on their behalf by:

C Bourne Vice Chairperson and Trustee

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WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

| report to the trustees on my examination of the accounts of the World Day of Prayer National Committee for England, Wales and Northern Ireland (“the Trust”) for the year ended 31 December 2021 ; which are set out on pages 6 to 16,

RESPONSIBILITIES AND BASIS OF REPORT

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). | report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

INDEPENDENT EXAMINER’S STATEMENT

The charity's gross income exceeded £250,000, and | am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect:

N M Gower-Smith, FCA NORMAN COX & ASHBY Chartered Accountants Grosvenor Lodge 72 Grosvenor Road Tunbridge Wells Kent TN1 2AZ

25 April 2022

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WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Total Total
Unrestricted Restricted Funds Funds
Funds Fund 2021 2020
Note £ £ £ £
INCOME
Donations and Legacies
Donations and Contributions 247,680 3,700 251,380 374,523
GiftAid Recoverable 29,711 - 29,711 37,529
Legacies 500 - 500 -
Charitable Activities
Sale ofResources and Publications 26,913 - 26,913 22,605
investment Income
Interest on Cash Deposits 160 - 160 751
Total Income 304,964 3,700 308,664 435,408
EXPENDITURE 2
Charitable Activities
Organising the Day ofPrayer 240,665 1 240,666 253,895
Grants Payable 4 69,365 - 69,365 163,687
Total Expenditure 310,030 4 310,031 417,582
NET INCOME AND
NETMOVEMENT OF FUNDS FORTHEYEAR YEAR (5,066) 3,699 (1,367) 17,826
RECONCILIATION OF FUNDS
Total Funds brought forward
at 1 January 2021 394,440 34,425 428,865 411,039
TOTAL FUNDS CARRIED FORWARD
AT31DECEMBER2021 13 £389,374 £38,124 £427,498 £428865

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WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND

BALANCE SHEET
AT 31 DECEMBER 2021
2021 2020
Notes a £ £ £
FIXED ASSETS
Tangible Assets 5 149,893 145,891
CURRENTASSETS
Stock 6 2,286 2,776
Debtors 7 11,245 11,183
Cash at Bank and in Hand 8 282,548 277,495
Total CurrentAssets 296,079 291,454
LIABILITIES
Creditors falling due within one year 9 18,474 8,480
NetCurrentAssets 277,605 282,974
NETASSETS £427,498 £428 865
THE FUNDS OF THE CHARITY
Unrestricted Income Funds 10
General Fund 214,122 248,238
Designated Funds 175,252 146,202
389,374 394,440
Restricted Income Fund 11 38,124 34,425
TOTALCHARITYFUNDS £427,498 £428,865

These financial statements were approved by the trustees on 25 April 2022 and signed on their behalf by

C Bourne Vice Chairperson and Trustee

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WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

{a) Basis of Preparation and Assessment of Going Concern

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (“Charities SORP") 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). Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The charity constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. The most significant area of uncertainty is the level of donated income which needs to be raised each year and is covered in more detail in the performance section of the Trustees’ Report.

{b) Funds Structure

Unrestricted Income Funds are expendable at the discretion of the trustees in the furtherance of the objects of the charity. Designated Funds are unrestricted general funds set aside by the trustees for a specific purpose.

The Designated Funds are:

(a) The Contingency Fund which comprises amounts set aside to provide sufficient funds to meet the cost of one year’s Day of Prayer. A transfer of £5,000 is made from the General Fund each year up to a total of £150,000. In addition, the trustees make further transfers for specific purposes.

(b) The Young Women’s Conference Fund which exists to finance conferences to be held in future years.

Restricted Income Funds are gifts received with the use restricted by the donor. The Restricted Fund is the European Fund which comprises donations received to provide the travel expenses for attendance at European Committees of two delegates from Europe who are members of the International Executive Committee of the World Day of Prayer.

(c) Income Recognition

All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt so it is probable that the income will be received, and the amount of income receivable can be measured reliably.

Branch income is recognised when the remittance has been received from each individual branch and it is matched to the appropriate banking. Other donations are recognized at the point of receipt.

Sales of goods and publications are accounted for when they are received.

Interest on funds held on deposit is included upon notification of the interest paid or payable by the bank.

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WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

(d} Expenditure Recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses, including governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities.

Grants payable are payments made to third parties in the furtherance of the charitable objects of the charity. In the case of an unconditional grant offer, this is accrued once approved.

(e) Allocation of Support and Governance Costs

Support costs and governance costs are included in expenses of charitable activities as they are all incurred in furtherance of the charitable aim of facilitating the Day of Prayer.

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examination and expenses incurred on behalf of the trustees.

(f) Charitable Activities

The expenditure on charitable activities includes operating and administrative costs, grants payable and governance costs.

{g) Tangible Fixed Assets and Depreciation

Fixed assets are included at cost less depreciation. All items with a purchase price of more than £100 have been capitalised in the year of purchase.

Depreciation has been provided at rates to write off the cost of fixed assets over their expected useful lives: Office Equipment - 20% per annum on cost

Freehold property has been included at the net carrying value at 1 January 2016. In accordance with FRS 102 and the Charities SORP it has not been depreciated. If any annual impairment review shows that a permanent diminution in value of the property has occurred, provision is made and included in depreciation.

(h} Stock

Stock of publications, visual aids and sundry items for resale are valued at the lower of cost and net realisable value.

(i) Pension

The charity makes contributions to a defined contribution scheme set up by automatic enrolment under the Pensions Act 2008. The assets of the scheme are held separately from the assets of the charity. The charge for the pension cost represents contributions payable to the scheme. The liability of the charity is limited to the amount of the contributions.

i)

WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |Funds|Fund|2021|2020| |E|£|£|£| |2|EXPENDITURE|ON|CHARITABLE|ACTIVITIES| |(a)|Organising|the|Day|of|Prayer| |Salaries|(Note|3)|66,368|-|66,368|64,070| |Premises|and|Other|Costs|44,458|1|44,459|45,122| |Printing|and|Direct|Costs|83,006|-|83,006|90,976| |Postage|and|Carriage|38,168|-|38,168|45,705| |Governance|Costs| |Independent|Examination|Fee|2,345|-|2,345|2,275| |Accounting|and|Other|Services| |from|Independent|Examiner's|Firm|5,504|-|5,504|4,931| |Trustees’|Liability|Insurance|816|-|816|816| |240,665|1|240,666|253,895| |(b)|Grants|Payable|(Note|4)| |Core|Grants|5,000|-|5,000|5,000| |Annual|Donations|4,000|-|4,000|5,000| |Development Grants|10,000|10,000|10,000| |Project|Grants|24,500|-|24,500|94,850| |International|Donations|22,200|-|22,200|38,408| |Grants|Allocated|by|the|Committee|for| |the|Welsh|Speaking|Churches|3,665|-|3,665|10,429| |69,365|-|69,365|163,687| |TOTAL|EXPENDITURE|FOR|THE YEAR|£310,030|£1|£310,031|£417,582|

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WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND

NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS
FORTHE THEYEAR ENDED 31 DECEMBER 2021 (CONTINUED)
2021 2020
£ £
3 EMPLOYEES
The average monthly numberemployed
by the charity during the year was: 3 3
Salaries
Social Security Costs		 61,426
858		 58,824
1,176
Pension Contributions 4,084 4,070
TOTAL EMPLOYMENT COSTS FORTHE YEAR £66,368 £64,070
Duringtheyearthereweretwo full time employeesand one parttimeemployee. All thetimeofthe
employees involved supportservices tothe charitable activities and support to the governance of
the charity. Noemployeeearnedmore than£60,000perannum. Underautomaticenrolmentunder
the PensionsAct2008, the charitycommenced tomake contributionsfortwoemployees duringthe
year. There were no outstanding contributions at the balance sheet date.
4 GRANTS PAYABLE
{a)
Single Institutional Core Grants
28 Too Many 5,000 5,000
5,000 5,000
(b)
Single Institutional Donations
Christian Aid — Global Coronavirus Emergency Appeal - 1,000
Royal National Institute forthe Blind 4,000 4,000
4,000 5,000
(c)
Development Grants
Embrace the Middle East 5,000 5,000
Traidcraft Exchange 5,000 5,000
10,000 10,000

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WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

2021 2020
£ £
GRANTS PAYABLE (Continued)
(d} Single Institutional Project Grants
AcetUK 4,200 -
Advantage Africa 1,100 3,000
Al Massira International 500 -
Anglican International Development - 5,000
Africare Northern Ireland - 2,500
BEATS 1,100 -
Bible Society Northern ireland 1,000 5,000
Britain Yearly Meeting ofthe Religious Society of Friends - 2,000
CatholicAgency forOverseas Development - 2,500
Christian Blind Mission UK - 2,500
Christian Publishing and Outreach - 2,000
Educational Frontier Trust - 2,000
Feed the Minds - 2,500
Food forthe Hungry UK - 2,000
Friends of Hlekweni - 5,000
Frontiers - 5,000
Global Care - 4,350
Great Lakes Outreach - 2,000
Hope for Communities - 3,000
Hope for Justice - 5,000
Hope for Kids International 2,000 3,000
Karibuni Children - 2,000
Kids Club Kampala 1,000 -
Kingsley Hall Church and Community Centre 1,000 -
Light of Faith & Joy Outreach International 1,200 -
Middle East Media 1,000 -
Mission India - 2,000
Mission Without Borders 1,000 -
Nicodemus 1,000 .
Pioneers UK Ministries - 5,000
Prayer Spaces in Schools - 2,000
Restored 1,000 -
Samaritan’s Purse UK 1,000 -
Send a Cow - 5,000
Serving in Mission UK - 2,000
TeachBeyond 1,000 -
Tears of Hope 1,000 -
Theological College ofZimbabwe - 5,000
The Leprosy Mission 1,500 -
Toxteth Women’s Centre - 3,000
Toybox 4,250 3,000
Women on the Frontline Ministries 3,000 -
Wycliffe Bible Translators 1,650 -
Zimbabwe Educational Trust - 2,500
Zimbabwe Victims Support Fund - 5,000
24,500 94,850

4 GRANTS PAYABLE (Continued)

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WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2021|2020| |E|a| |4|GRANTS|PAYABLE|(Continued)| |(e)|Single|Institutional|International|Donations| |World|Day|of Prayer|European|Committee|500|500| |World|Day|of Prayer|International|Committee|— Annual|6,700|17,908| |World|Day|of|Prayer|National|Committee|of Albania|5,000|5,000| |World|Day|of|Prayer|National|Committee|of Zimbabwe|-|10,000| |World|Day|of|Prayer|National|Committee|of Scotland|-|5,000| |World|Day|of|Prayer|National|Committee|of Vanuatu|10,000|-| |22,200|38,408| |(f)|Single|Institutional|Grants|Allocated|by|the|Committee|for Welsh|Speaking Churches| |Adferiad|Recovery|500|-| |Bethania|Chapel,|Felinheli|-|640| |Bryngwenith|Chapel|-|500| |Bryn|Moriah|Chapel,|Brynhoffnant|-|500| |Churches|Together|in|Wales|240|240| |Colwyn|Pastorate|for Youth|-|800| |Congregational|Church,|Nanternis|225|425| |Day|Care|and|Helping|Together,|Waen|Chapel,|St Asaph|-|100| |Denominational|and|Interdenominational|Publications|1,200|2,640| |Hope-Siloh|Chapel,|Pontardulais|-|500| |Jerusalem|United|Church,|Bethesda|-|269| |Pantycrugiau|Chapel,|Llandysul|350|-| |Pencae|Sunday|School,|Llanarth|350|-| |Pisgah|Chapel,|Talgarreg|-|500| |St|David’s|Church,|Cardiff|-|15| |Union|of Welsh|Independents — Three|regions|400|2,100| |Wales|Sunday|Schools|Council|400|400| |Welsh|Council|for|Churches,|Cardiff|-|240| |Wig|Chapel,|Blaencelyn|-|500| |3,665|10,429| |TOTAL GRANTS|PAYABLE|IN|THE|YEAR|£69,365|£163,687|

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WOMEN’S WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

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|||||||| |---|---|---|---|---|---|---| |5|TANGIBLE|FIXED|ASSETS| |Freehold|Office| |Property|Equipment|Total| |£|£|£| |Cost|or|Valuation| |At|1|January|2021|144,000|52,612|196,612| |Additions|in|the|year|-|5,975|5,975| |At|31|December|2021|144,000|58,587|202,587| |Depreciation| |At|1|January|2020|-|50,721|50,721| |Charge|for the|year|-|1,973|1,973| |At|31|December|2020|-|52,694|52,694| |Net|Book|Value| |At|31|December|2021|£144,000|£5,893|£149,893| |At|31|December|2020|£144,000|£1,891|£145,891|

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The freehold property consists of a property located in Commercial Road, Tunbridge Wells, used by the charity for offices and is consequently a functional fixed asset. It was valued at £150,000 on 9 December 2010 by Bracketts, Chartered Surveyors, Tunbridge Wells. Depreciation of £6,000 was charged up to 31 December 2014. It has been included at the net carrying value at 1 January 2016 of £144,000. Ithas not been depreciated, as allowed by FRS 102 and the Charities SORP. Provision will be made and the charge included in depreciation if an annual impairment review shows a permanent diminution in the value of the property has occurred. A valuation by a Chartered Surveyor on 15 September 2017 gave an open market value of £185,000.

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||||| |---|---|---|---| |2021|2020| |5|£| |6|STOCK| |Stock|of Goods|£2,286|£2,776| |7|DEBTORS| |Debtors|9,677|9,643| |Prepayments|1,568|1,540| |£11,245|£11,183|

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WOMEN’S WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

2021 2020
3 ru
8 CASH AT BANKAND IN HAND
National Westminster Bank plc
Current Account 69,827 70,574
Liquidity Manager30 Day Account 12,017 12,016
European Fund Account 37,757 33,954
Bonus Saver 10,001 10,814
Liquidity Manager 95 Day Account 142,772 142,615
HSBC plc
CurrentAccount (Wales) 10,081 7,522
Petty Cash 93 -
£282,548 £277,495
9 LIABILITIES
Creditors falling due within one year
Accruals
Other Creditors		 16,634
1,840		 6,414
2,066
£18,474 £8,480
10 UNRESTRICTED FUNDS
General Designated Total
Fund Funds Funds
Contingency
Conference
Fund
Fund
£ £
£		 £
At 1 January 2021 248,238 145,000
1,202		 394,440
Income 304,964 -
-		 304,964
Expenditure
Transfer between Funds		 (309,080)
(30,000)		 -
(950)
30,000
-		 (310,030)
-
At31December2021 £214,122 £175,000
£252		 £389,374

The Unrestricted Funds are available to be spent for any of the purposes of the charity.

The Contingency Fund represents amounts set aside for the continuing operation of the charity in the event of a major decline in offerings, mainly caused by severe external events.

The Young Women’s Conference Fund represents funds set aside for future conferences, which are held annually in May.

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WOMEN’S WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

11 RESTRICTED FUND
£
At 1 January 2021 34,425
Income
Expenditure		 3,700
(1)
At31December2021 £38,124

The Restricted Fund is the European Fund, which comprises donations received to provide the travel expenses for attendance at European Committees of two delegates from Europe who are members of the International Executive Committee of the World Day of Prayer.

12 TRUSTEES

The trustees all give freely of their time and expertise, without any form of remuneration or other benefit in cash or kind (2020: £nil). During the year, three trustees were reimbursed £3,821 (2020: £2,825) for travel, telephone and office expenses incurred in connection with the operation of the charity.

Trustees’ liability insurance has been obtained at a cost of £816 (2020: £816).

13 RECONCILIATION OF FUNDS

Unrestricted Restricted Total Total
Funds Fund 2021 2020
£ £ af £
At 1 January 2021 394,440 34,425 428,865 411,039
NetMovements in Funds forthe year (5,066) 3,699 (1,367) 17,826
At 31 December 2021 £389,374 £38,124 £427,498 £428,865
Represented by:
Fixed Assets 149,893 - 149,893 145,891
Current Assets 257,955 38,124 296,079 257,029
Current Liabilities (18,474) - (18,474) (8,480)
£389,374 £38,124 £427,498 £428,865

The charity had no annual commitments under non-cancellable operating leases at 31 December 2021 or at 31 December 2020.

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