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2023-03-31-accounts

Annual Report 2022-2023

WEC International (Consolidated Accounts) Financial Statements for the Year ended 31 March 2023

Registered Charity Numbers 237005 England & Wales SCO37715 Scotland

Our Cause

We will see...

Christ known, loved and worshipped by the unreached peoples of the world

Our Core

We are held together by... Faith Holiness Sacrifice Fellowship

Our Culture

We...

See value and worth Love to welcome Influence our world Partner for the Kingdom

Our Course

We serve so that there will be... Fresh outpourings New engagements Many sent

Contents

3....... Same Heart, Different Body 4....... Our Object 6....... Our Cause 7....... Our Core 8....... Our Culture 10..... Our Course

12 .... Future Objectives and Structures 14..... Auditor's Report 20..... Financial Statements

34..... A Word Of Thanks

Same Heart, Different Body

Trustees

CM Davey (Chair) P Amboule (from 13/10/2022) S Banner A Berry A Cousins (Vice-Chair) H Cozens E Francis (from 22/3/2023) C Simpson (from 13/10/2022) N Wardrope V Whitton (retired 22/3/2023)

UK Directors Malcolm & Kerstin Gray

Secretary to the Trustees H Cozens

Registered Charity Numbers 237005 (England & Wales) SCO37715 (Scotland)

Website

www.wec-uk.org

Principal Office Address The Scala Offices 115a Far Gosford Street Coventry CV1 5EA

Auditors

Sheen Stickland Chartered Accountants & Registered Auditors 7 East Pallant Chichester West Sussex PO19 1TR

Bankers

National Westminster Bank plc 44 Packhorse Road Gerrards Cross Buckinghamshire SL9 8EG

Solicitors Edward Connor Solicitors 10 The Point Market Harborough Leicestershire LE16 7QU

I love the heart of WEC which is to take the Good News of Jesus to the places and peoples who have yet to hear of him, and to see them come to know, love and worship him.

This heart has remained unchanged, even though many external structures have changed, and are still changing. This year, 2022-23 has seen us settling into new structures after our move in 2021/2022 to the place of having contracts with our members as Voluntary Workers and Volunteers. The other big structural change we are moving to, and which has been a focus of work at the governance level has been that of moving from being a Trust (where only the Trustees are members) to a Charitable Incorporated Organisation (CIO), which will much better reflect how we work as WEC internationally.

These two major changes to structures have taken much in terms of energy on the part of leadership, but we believe that it is freeing us to be an organisation that remains true to its roots and objects from our origins 110 years ago, while being fully equipped to thrive in the charitable world of the 21st century. Through these changes, the pursuit of holiness and integrity, even when these were not easy paths, was apparent. What a privilege and joy to be part of such a committed community!

Another joy this year has been the return of face-to-face meetings. While some online events are here to stay, many have returned to in-person activities such as summer WEC Camps, Bible studies in homes, welcoming guests, teaching English, and many more. I hope you enjoy reading through the following snapshots of what’s been happening as we travelled through the year as we seek to love, serve and make Jesus known.

Carolyn Davey Chair of Trustees

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The Trustees present their report together with the financial statements for the year ended 31 March 2023.

Our Object:

To see Christ known, loved and worshipped by the unreached peoples of the world, in accordance with our statement of faith.

WEC International is an unincorporated registered charity, governed by a 1939 trust deed, amended in 2003. This charity is the UK arm of that agency which began in 1913 when Charles Studd and Alfred Buxton took the message of Christ’s salvation for the world to the unreached millions in central Africa.

The Trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit – guidance published by the Commission and subsequently revised. WEC is an organisation whose objective is the advancement of religion, and whose aim is to work together with the UK Church to mobilise, train and send out members to help achieve this. In reviewing our achievements against our objectives, some examples of public benefit can be seen in the following areas:

  1. WEC Camps took place – on a field, under canvas in Cromer, where eight young people came to know Christ for the first time.

  2. Our Member Care Support Network has implemented a new Link Person to support overseas members.

  3. Our Neighbours Worldwide ministry has 39 WEC workers serving alongside churches in cross-cultural outreach in 15 cities across England and Northern Ireland. Heather, based in Belfast, has begun teaching beginners’ English to a group of refugee ladies in a local primary school with another colleague.

  4. In Small Heath, Birmingham, several hundred refugees have been housed in a hotel close to the church. Matthew, Esther, Enoch and Rebecca have been helping to run a conversational English class and have had several Sudanese men come along regularly.

  5. Dick and Flora’s formerly white western church in Wakefield now has believers who speak Farsi, Azeri, Romanian, and Urdu. They remembered, as new WEC candidates, hearing about the

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challenge of unreached ‘Gateway peoples’, including the Iranians. Now they are learning to worship in Farsi!

Public benefit and detriment

We are conscious that public benefit arising from our activities has to be weighed against the possibility of detriment or harm, both to our own members and also to those who choose to accept the Christian message. We are aware that some are hostile to Christianity for political, religious or other reasons. Such persons could endanger our members and also cause harm to those who adopt Christianity of their own free will. The Trustees are nonetheless convinced of the overwhelming benefits of Christianity to humanity, and that we and our members should continue to offer the gospel of Christ to all who wish to receive it, no matter where or in what context they live. Our members therefore continue to advance the Christian gospel peaceably, honestly and without inducement. We have sought to minimise any anticipated risk to our members through a system of international oversight, coupled with initial close personal screening and ongoing member care thereafter.

Charges

The gospel is free and we make no charge for advancing it. The following are charged for in pursuance of our Object: sale of books and Bible studies promoting Christianity and mission, and youth camps promoting Christian mission.

Private benefit

A register of private interests of Trustees and finance committee members is maintained and regularly updated. No one receives any private benefits from WEC, except such as are incidental to the running of the WEC charity. Benefits to the Trustees are declared in Note 7 to the accounts (Trustees’ remuneration and benefits). We serve entirely through free-will volunteers.

Members residing within Charity property have formal tenancy agreements and pay commercial rental rates.

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Our Cause

WE WILL SEE...CHRIST KNOWN, LOVED AND WORSHIPPED BY THE UNREACHED PEOPLES OF THE WORLD

It is easy to think of our Cause as one that requires travel to the farthest corners of the globe, and that is partly true. But even now, there are over 35 unreached people groups, just here in the UK alone! That’s over 5 million people, from people groups that ordinarily have little or no access to the Gospel, waiting to hear the Good News of Christ, living all around us. Indeed, in the East Midlands one of our team members met two Iranian men at a café on a Sunday morning, who he invited to church. Despite never having attended church before, they came, and afterwards both signed up for the Alpha course in Farsi, and the team’s Farsi discipleship group. These encounters are what we long to see and have the boldness to step into when we are given these opportunities.

Thanks in part to our presence at Christian events over the summer of 2022, and a focus on the courses we offer to potential WEC members, we were pleased to welcome 32 participants onto our Mission and Me course from April 2022 to March 2023, and 15 participants on the MomentumYes course in the same time frame. These courses give our participants the opportunity to engage with our Cause at WEC, and discover what the concept of mission may mean to them and their lives, and where God may be calling them to share the good news of Jesus Christ’s death and resurrection. They then continue to be supported on this journey by the Mobilising Team, who are available to them for conversation, prayer, meet-ups and everything in between! Malcolm Gray, one of our Directors, described the Mobilisers as those who ‘live out the four values on a daily basis: They see value and worth in each enquirer; they love to welcome those they meet; they inspire and influence our world through their enthusiasm; and they partner for the kingdom regularly working with others.’ What a blessing they are to our organisation. Both old and new members, we work together to see the Gospel shared and Christ known, loved and worshipped both at home, and abroad.

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Our Core

Foundation that anchors our decisions and actions

Behind the scenes, WEC UK&I are being regularly covered in prayer by an unseen team of volunteers: our retirees! Their monthly zoom meetings, regularly attended by 35-40 people, are always uplifting and fruitful. In May, over fifty people came together for a 3-day online Prayer conference which was also a wonderful time of fellowship and encouragement. The Retired Members Coordinating team (RMC) of Paul, Rose, Dave, Meg and Lynne, said ‘It is an active expression of our fellowship pillar, as our retired members wrestle in prayer not only individually and within our own Retiree meetings, but when regularly attending Thursday meetings, Camp prayer meetings and Fresh Outpourings. Their initiative, commitment and consistency in ‘whole fellowship prayer’ is an example to us all.’ What a blessing it is to be so richly supported in prayer.

The RMC team has also had opportunities to bless them in turn, supporting, informing and encouraging the retirees with weekly email updates, phone calls, visits where possible, letter updates for those without internet and cards for key birthdays and anniversaries. They have had the privilege of responding with prayer and communication to specific health needs and end-of-life events, including liaising with family and churches.At the opposite end of the age range, this year we were able to once again meet in person at our WEC youth camps in Cromer. We were delighted to see many of our former leaders and attendees return, despite two years of online meetings. This year we were pleased to offer a week of training for our leaders before the events, but that did mean four weeks of sacrificial tent dwelling, whatever the weather, for many of them!

Through this year's camps we have heard testimonies and reports of eight young people believing in Christ for the first time, and of others being encouraged in their faith, doubtless a direct answer to the prayers offered up on our behalf by our retirees. A further three young people shared they were feeling drawn towards mission. To many of the campers, just being together with other Christian young people was evidently a real blessing and monthly Checkpoint meetings online will hopefully enable them to continue to encourage one another in their faith.

ekonnect Camp, for Missionary Kids returning to the UK, has again partnered with WEC UK&I this year, with 37 MKs attending representing nearly every continent, as it serves both us and the wider Rmissions community. Seeing ReKonnect Camp growing and evolving is a reminder of how relevant it still is and beneficial to our WEC families. Rebecca, our Third Culture Kids/Missionary Kids Coordinator feels that supporting and connecting with many WEC families in various aspects of their life as they serve God in mission, particularly preparing for going overseas and as they face the challenges and joys of re-entry and transition to the UK, is a huge privilege.

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Our Culture

WE …

For Mark and Jude, the WEC culture underpins their work at Ergata. Ergata comes from ‘Er Gata?’, an eastern Tibetan greeting meaning something like ‘Has the way been hard? Are you weary?’ They say, ‘Our doors remain open for WECers and other mission workers to have much needed downtime at Ergata. Listening to our guests is such a central theme but we also pray with them as they tell us about their lives, from the mundane to the epic. They leave lighter, envisioned and refreshed; God continues to meet each one in a special way.

e are so encouraged to know God as our ultimate Provider as we experienced all the changes in WEC UK and Ireland in the last Wyear. He remains certain in these uncertain times. As we resist the anxiety of the rising energy costs we see Him provide us with an increasing amount of winter fuel funds, which are above what we would usually receive. He also continues to furnish us with all sorts of necessary and desirable kitchen gadgets (ice cream maker – oh yeah!) from the local jumble sale – which never ceases to delight! He really knows us!’ 29 house stays of single people, couples or families - around 50 people have benefitted from the welcome and restorative time at Ergata this year, with 28 day visits and 8 caravan stays (before it broke down!).

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Our Culture

This year has also brought a great deal of adaptations for many of our workers, as meetings have transitioned more frequently into in-person gatherings. This has also given greater opportunity to be involved in the community once again. Welcoming and supporting asylum seekers near to our churches has been an integral part of WEC culture.

In Derby, Paul and Helen had previously seen up to 230 asylum seekers pass through their midweek Farsi group each year, while in this last year only 38 did so. However, this has moulded the group into more of a discipleship focus, as people remain more settled. This is in contrast to the online discipleship that was being provided for those moved on to new locations, which has diminished as local churches have opened and taken on these roles.

Praise God for the connections being built, and for the inspiring example of those longer-term members of the Farsi group who are themselves inviting new members to experience the goodness and love of God. The group has been blessed by the continual availability of people who can translate and has been going for four years now. Paul and Helen are now seeking to develop a Sorani meeting for those in the area who would be blessed by this.

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Our Course

We serve so that there will be …

haring the gospel needs workers willing to go out into the field. The Journey team have found that despite the smaller number of public Sevents in 2022-2023, the number of serious enquirers wanting to serve has actually increased, with 6 candidates beginning the Membership course in Autumn 2022. Joint courses have been run with the German Candidates Orientation and visits have taken place with candidates from the Netherlands and Hong Kong. 16 Short termers have also been trained, some of whom have indicated they would like to participate in more than one short term trip or move into full time service in the near future. Lisa (short term) finally made it to English For Mission Camp in Brazil after cancellations in 2020 and 2021!

he MomentumYes course has also had a number of people join it, including three students who signed up after the ‘Equip’ training of 150 students in Northern TIreland and the Republic of Ireland. The Events team spent a day promoting mission more generally, and were able to share their stories with those attending as ‘living libraries’.

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Over this time period, the WEC UK Trustees have had the privilege and opportunity to help fund projects either for WEC worldwide, or with other organisations with similar charitable objectives to our own, such as:

• Jola Literacy Centre, The Gambia – The Literacy Centre in Sibanor village addresses adult literacy and small-scale income generating programmes among the Jola people. The Literacy Centre was built in 2003/4 and needed refurbishing, with upgraded solar panels and batteries and the ceiling needing major repairs due to termite damage.

• Sergelt Ood NGO, Mongolia – Money was provided for a Drop-in Bus Project and Reintegration Project for homeless addicted people in Ulaanbaatar.

• Dream Library, Mongolia – The building of a Library that 67 children attend. The previous mobile library had 37 children until the building was ready in November 2022. Among them 10 come to read books. 21 are behind in their school programme and are helped by the support of the library.

• Friendship First rewrite project, UK – The Friendship First course has been widely used over the past 10 years by the UK & Ireland Country Team, groups like the Mahabba network, other like-minded agencies, with individual churches, groups of churches and individual Christians. It has also now been run multiple times over Zoom (thanks to lockdown). It continues to be a course that people appreciate, opening doors to help churches and individuals build transformative relationships with their local Muslim communities. However, much feedback has been received over the past 2-4 years that the Friendship First course needs updating, so we are pleased to support this rewriting project.

• New Beginnings, South Africa – These funds are contributing towards the refurbishing of a converted double-decker bus which functions as a youth and community centre used among high-risk youths in gang hotspots. The project also includes prison and street work in deprived areas.

• Building upgrade projects at two of the WEC Bible Colleges (Cornerstone in the Netherlands and Worldview in Australia). Training of new workers to give them the Biblical knowledge for future ministry and equip them to work sensitively in cross-cultural settings is an essential part of the journey to the mission field. Both colleges were in the situation where major upgrades were needed, to a kitchen and to energy efficiency, so we were able to give a gift to help both.

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Future objectives and structures

Objectives for the future

Our aims and objectives will always remain the same – to advance the Christian religion throughout the world by all means, in accordance with our statement of faith, and to work together with the UK Church to mobilise, train, send out and support members who will see churches established where there is no church. We aim to do this by strengthening our existing ministry teams, and by greater engagement with the UK Church and Christian public, leading to increased opportunities to inform of the mission needs around the world.

Below is a full set of financial statements of WEC UK and Ireland comprising of the Trustees’ Report and Accounts which were approved in October 2023.

Human resources

As of 31 March 2023 we had 85 long-term members serving with Overseas WEC Branches, 85 Voluntary Workers working with WEC UK & Ireland and 40 WEC UKI Volunteers with a formal Volunteer Agreement.

We also had 14 long-term members who were not in a formal contracted role at that time.

Organisational structure

We serve alongside similar WEC branches in Europe, the Americas, Australia, New Zealand, Korea and elsewhere, to recruit missionary members to ethnically distinct people groups who have not yet heard or been touched by the Christian message. The UK branch is governed by its Trustees. The Trustees’ responsibilities are discharged directly, through a finance committee, and through our volunteer staff. The Trustees approve all appointments to the finance committee and oversee the Charity’s best interests at its annual business conferences.

Trustees

The Trustees appointed in accordance with the trust deed and in office during and after the year are named in the preface to this report. New Trustees are chosen and appointed by the existing Trustees. All Trustees must share WEC’s vision and values, signing their affirmation of the ‘Core of WEC’ document, WEC’s statement of faith and ethos declaration. As a matter of best practice, the Trustees are actively seeking independent Trustees with the skills needed to progress the work as well as to address diversity issues.

During the year from 1 April 2022 – 31 March 2023 we had a total of 14 resignations and 4 retirements.

However, we recruited 8 new long-term members and 15 new short-term members, plus 10 new Volunteers.

Major risk assessment

As trustees, we recognise our responsibility to understand and mitigate the major risks to which WEC is exposed. The major risks identified this year are as follows:

Whilst continuing our major risks review, we have sought to ensure, where feasible, that safeguards are in place to manage those risks.

Reserves and investment policy

The trust deed does not confer specific investment powers, but the Trustees maintain an investment portfolio, taking the general

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power of investment as defined by the

Trustee Act 2000, as an alternative to having expressed specific powers. The Trustees’ investment decisions are guided by an investment policy.

Trustees’ responsibility for the financial statements

Charity law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Trust and of the surplus or deficit for that year.

In preparing the Trust’s accounts, we confirm that we have:

Review of the financial position

The Trust’s fund balances remain strong and the market value of the operational properties exceeds the net book value stated in the accounts. The income from donations and legacies for this year show a decrease of nearly £970,000. This is almost entirely due to the fact that personal support money of workers no longer went through WEC funds, as they now go through Stewardship, or other channels. It follows that there was a corresponding reduction in expenditure. Other than the ongoing support of its ministries and the day-to-day upkeep of properties, the Trust also remains committed to a lease for warehouse space in Coventry. We, the Trustees, are satisfied that on a fund-by-fund basis the Trust has sufficient assets to fulfil its obligations.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust and enable us to ensure that the accounts comply with the Charities Act 2011. We are responsible for safeguarding the assets of the Trust and for taking reasonable steps to prevent and detect fraud and other irregularities. We believe that the accounts comply with current statutory requirements, SORP 2015 and the trust deed. (SORP is the definitive document “Statement of Recommended Practice for accounting by Charities”, with which all charities must comply.)

Approved by the Trustees on 20.10.2023

and signed on their behalf by

H Cozens

H Cozens (Secretary to the Trustees)

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REGISTERED CHARITY NUMBER: 237005

Report of the Trustees and

Audited Financial Statements for the Year Ended 31st March 2023

for

WEC International

Sheen Stickland Chartered Accountants Statutory Auditors

7 East Pallant Chichester West Sussex PO19 1TR

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WEC International Contents of the Financial Statements for the Year Ended 31st March 2023

Page
Report of the Trustees 16 to 17
Report of the Independent Auditors 18 to 19
Statement of Financial Activities 20
Balance Sheet 21
Cash Flow Statement 22
Notes to the Cash Flow Statement 23
Notes to the Financial Statements 24 to 33

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WEC International

Report of the Trustees for the Year Ended 31st March 2023

The trustees present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 237005

Principal address The Scala Offices 115a Far Gosford Street Coventry CV1 5EA

Trustees Mrs C Davey (Chair) A Cousins (Deputy Chair) Mrs H Cozens (Secretary) P Amboule (Treasurer) C Simpson N Wardrope S Banner Miss E Francis A Berry

Auditors Sheen Stickland Chartered Accountants Statutory Auditors 7 East Pallant Chichester West Sussex PO19 1TR

Solicitors Edward Connor Solicitors 10 The Point Market Harborough LE16 7QU

STATEMENT OF TRUSTEES' RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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WEC International

Report of the Trustees for the Year Ended 31st March 2023

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which 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 trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

20.10.2023

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

H Cozens

........................................................................ H Cozens - Secretary

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Report of the Independent Auditors to the Trustees of WEC International

Opinion

We have audited the financial statements of WEC International (the 'charity') for the year ended 31st March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

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Report of the Independent Auditors to the Trustees of WEC International

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sheen Stickland Chartered Accountants Statutory Auditors 7 East Pallant Chichester West Sussex PO19 1TR 20.10.2023 Date: .............................................

Sheen Stickland

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WEC International

Statement of Financial Activities for the Year Ended 31st March 2023

2023
Unrestricted
Restricted
Total
funds
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
459,914
181,560
641,474
Other trading activities
3
65,339
3,001
68,340
Investment income
4
303,917
-
303,917
Other income
-
-
-
Total
829,170
184,561
1,013,731
EXPENDITURE ON
Charitable activities
5
Charitable Activities
1,018,750
276,100
1,294,850
Exceptional costs
-
-
-
Total
1,018,750
276,100
1,294,850
Net gains/(losses) on investments
(518,827)
-
(518,827)
NET INCOME/(EXPENDITURE)
(708,407)
(91,539)
(799,946)
Transfers between funds
15
(29,065)
29,065
-
Net movement in funds
(737,472)
(62,474)
(799,946)
RECONCILIATION OF FUNDS
Total funds brought forward
19,407,432
972,469
20,379,901
TOTAL FUNDS CARRIED FORWARD
18,669,960
909,995
19,579,955		 2022
Total
funds
£
1,610,730
27,003
148,438
585
1,786,756
2,137,924
342,906
2,480,830
1,006,962
312,888
-
312,888
20,067,013
20,379,901

20.10.2023 Date: .............................................

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WEC International

Balance Sheet 31st March 2023

Notes
FIXED ASSETS
Tangible assets
8
Investments
Investments
9
Investment property
10
CURRENT ASSETS
Stocks
11
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2023
£
1,699,253
12,755,211
2,576,212
17,030,676
11,525
140,314
2,447,411
2,599,250
(49,971)
2,549,279
19,579,955
19,579,955
18,669,961
909,994
19,579,955		 2022
£
2,137,702
13,629,790
2,576,212
18,343,704
7,683
89,023
1,961,915
2,058,621
(22,424)
2,036,197
20,379,901
20,379,901
19,407,432
972,469
20,379,901

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 20.10.2023

C M Davey

............................................. C Davey - Chair

H Cozens

............................................. H Cozens - Secretary

The notes form part of these financial statements

REVIEW OF THE YEAR 2022-2023 21

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WEC International

Cash Flow Statement for the Year Ended 31st March 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of tangible fixed assets
Sale of fixed asset investments
Sale of investment property
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2023
£
(256,223)
(256,223)
-
(14,509,897)
375,578
15,188,595
(322,946)
10,389
741,719
485,496
1,961,915
2,447,411		 2022
£
(459,118)
(459,118)
(3,700)
(6,908,329)
750
6,323,781
649,357
217
62,076
(397,042)
2,358,957
1,961,915

The notes form part of these financial statements

22 REVIEW OF THE YEAR 2022-2023

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WEC International

Notes to the Cash Flow Statement for the Year Ended 31st March 2023

  1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
ACTIVITIES
2023 2022
£ £
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (799,946) 312,888
Adjustments for:
Depreciation charges 62,871 28,415
Losses/(gain) on investments 518,827 (1,006,962)
Profit on disposal of fixed assets - (585)
Interest received (10,389) (217)
(Increase)/decrease in stocks (3,842) 1,092
(Increase)/decrease in debtors (51,291) 198,485
Increase in creditors 27,547 7,766
Net cash used in operations (256,223) (459,118)
  1. ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank and in hand
Total		 At 1.4.22
£
1,961,915
1,961,915
1,961,915		 Cash flow
£
485,496
485,496
485,496		 At 31.3.23
£
2,447,411
2,447,411
2,447,411

The notes form part of these financial statements

REVIEW OF THE YEAR 2022-2023 23

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WEC International

Notes to the Financial Statements for the Year Ended 31st March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

For the purposes of the Statement of Financial Activities, expenditure has been analysed on the following basis:

Cost of Charitable Activities: expenses directly incurred in achieving the objectives of WEC International.

Support costs: expenditure incurred in connection with achieving the objectives of the Charity, but not incurred directly.

Governance costs: expenses incurred in the governance arrangements of WEC which relate to the general running of WEC as opposed to those costs associated with charitable activities.

Tangible fixed assets

Depreciation is calculated to write off the cost of property, equipment, furniture and fittings on a straight line basis and motor vehicles on a reducing balance basis, over their effective useful lives as follows:

Freehold and leasehold property - 2% straight line basis

Equipment, furniture & fittings - 33%, 25% & 10% straight line basis

Financial Reporting Standard 102 (FRS 102) states that land should not be depreciated. The trustees have departed from FRS 102 in this regard as it is impracticable to separate the value of the land held by the Charity from the value of the freehold buildings. Depreciation is provided on the whole value of the asset. The trustees do not believe that the inclusion of land in the depreciation charge shown in the financial statements has a material effect on the financial position of the Charity.

An annual impairment indicator review and useful economic life review is undertaken.

Fixed assets are capitalised where the asset will have a useful life of more than one year.

Investment property

The investment property is stated at fair value in accordance with The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the SORP. No depreciation is provided on investment properties in accordance with FRS 102 and the SORP.

24 REVIEW OF THE YEAR 2022-2023

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WEC International

Notes to the Financial Statements - continued for the Year Ended 31st March 2023

1. ACCOUNTING POLICIES - continued

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Restricted funds

The restricted income of the Charity relates to funds on which the donors have placed a restriction and are therefore set aside by the trustees to be forwarded to volunteers and other workers to pursue the Charity's principal objectives. The movement on these funds is reported in Note 15.

Unrestricted funds

The designated income of the Charity relates to funds which are set aside for specific purposes by the trustees. The movement on these funds are reported in Note 15.

The general reserve is the balance of unspent funds held to meet the day to day running costs of the Mission. This reserve is required to meet the regular ongoing commitment to suppliers and ensure the continuation of the Charity.

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Gifts
Gift aid
Legacies
3.
OTHER TRADING ACTIVITIES
Camps & conference income
Sale of literature & goods
Other
4.
INVESTMENT INCOME
Rents received
Dividends
Interest receivable		 2023
£
282,454
20,062
338,958
641,474
2023
£
56,159
5,913
6,268
68,340
2023
£
135,386
158,142
10,389
303,917		 2022
£
1,244,564
99,992
266,174
1,610,730
2022
£
16,070
4,843
6,090
27,003
2022
£
53,336
94,885
217
148,438		 2022
£
16,070
4,843
6,090
27,003
2022
£
53,336
94,885
217		 2022
£
16,070
4,843
6,090

REVIEW OF THE YEAR 2022-2023 25

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WEC International

Notes to the Financial Statements - continued for the Year Ended 31st March 2023

5. CHARITABLE ACTIVITIES COSTS

Charitable Activities Direct
Costs
£
798,986		 Support
costs (see
note 6)
Totals
£
£
495,864
1,294,850
6.
SUPPORT COSTS
Management
£
Charitable Activities
323,969		 G
Finance
£
87,334		 overnance
costs
Totals
£
£
84,561
495,864

Included within Governance costs, above, is auditors' remuneration of £11,400 (2022: £9,600).

7. TRUSTEES' REMUNERATION AND BENEFITS

No member of the charity receives a salary for the services which he or she undertakes.

Up to 31st Dec 2021

From 1st January 2022

Those trustees who are also members of the charity receive funds in the same way.

Trustees' expenses

No trustee in his capacity as such received any emoluments or had expenses reimbursed (except as below or as noted in the previous year). A total of £2,620 was paid to three trustees (2022: £620 to two trustees)

towards travel costs on WEC business.

26 REVIEW OF THE YEAR 2022-2023

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WEC International

Notes to the Financial Statements - continued for the Year Ended 31st March 2023

8. TANGIBLE FIXED ASSETS

8.
TANGIBLE FIXED ASSETS
COST
At 1st April 2022
Disposals
At 31st March 2023
DEPRECIATION
At 1st April 2022
Charge for year
At 31st March 2023
NET BOOK VALUE
At 31st March 2023
At 31st March 2022
9.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1st April 2022
Additions
Disposals
Revaluations
At 31st March 2023
NET BOOK VALUE
At 31st March 2023
At 31st March 2022
HISTORICAL COST
At 31 March 2023
At 31 March 2022
Investment assets held are detailed as follows:
UK
North America		 Freehold
property
£
2,262,382
(375,578)
1,886,804
130,094
59,757
189,851
1,696,953
2,132,288
Listed
investment
£
10,954,061
8,265,703
(6,408,999)
(548,303)
12,262,462
12,262,462
10,954,061		 Equipment,

furniture

& fittings
Totals
£
£
63,954
2,326,336
-
(375,578)
63,954
1,950,758
58,540
188,634
3,114
62,871
61,654
251,505
2,300
1,699,253
5,414
2,137,702
Cash and
settlements
s
pending
Totals
£
£
2,675,729
13,629,790
6,244,194
14,509,897
(8,427,174) (14,836,173)
-
(548,303)
492,749
12,755,211
492,749
12,755,211
2,675,729
13,629,790
15,770,915
14,796,234
2023
2022
£
£
11,309,123
9,730,162
953,338
1,223,899
492,749
492,749
2,675,729
2023
£
11,309,123
953,338

The investments which are material to the investment portfolio are detailed as follows:

REVIEW OF THE YEAR 2022-2023 27

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WEC International

WEC International

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023		 2022

-
1,145,395
677,572
876,550
529,195
576.929
694,703
605,718
1,149,,713
-
-
Totals
£
12,755,211
£
2,576,212
2,576,212
2,576,212
2022
£
7,683
9.
FIXED ASSET INVESTMENTS - continued

BlackRock ICS Sterling Liquidity Fund Premier Dist GBP
BH Macro Ltd Ordinary Shares NPV GBP
FP WHEB Sustainability Fund C Inc
Impax Environmental Markets Plc Ordinary Shares
iShares USD TIPS UCITS ETF USD (Acc)
Janus Henderson Global Sustainable Equity Fund I Acc GBP
Morgan Stanley Global Sustain Fund J Acc USD
Ninety One Global Environment Fund I Acc
Trojan Ethical Fund O Inc
UK Treasury Gilt 1.25% 31/07/2051
Vanguard U.S Government Bond Index Fund Acc Hedged GBP
Cost or valuation at 31st March 2023 is represented by:
Listed
investment
£
Valuation in 2023
12,262,462
10.
INVESTMENT PROPERTY
FAIR VALUE
At 1st April 2022
and 31st March 2023
NET BOOK VALUE
At 31st March 2023
At 31st March 2022
11.
STOCKS
Publications for resale		 2023
£ £
1,550,000
1,161,322
-
811,220
953,338
-
-
636,440
1,116 731
947,368
948,759
Cash and
settlements
s
pending
£
492,749
2023
£
11,525

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WEC International

Notes to the Financial Statements - continued for the Year Ended 31st March 2023

12.
DEBTORS: AMOUNTS FALLING DUE W
Trade debtors
Other debtors
Prepayments and accrued income
13.
CREDITORS: AMOUNTS FALLING DUE
Trade creditors
Accruals and deferred income
14.
ANALYSIS OF NET ASSETS BETWEEN
Fixed assets
Investments
Current assets
Current liabilities		 ITHIN ONE YE
WITHIN ONE
FUNDS
Unrestricte
funds
£
1,699,253
15,331,423
1,689,256
(49,971)
18,669,961		 AR
YEAR
d
Restricted
funds
£
-
-
909,994
-
909,994		 2023
£
922
122,615
16,777
140,314
2023
£
34,371
15,600
49,971
2023

Total
funds
£
1,699,253
15,331,423
2,599,250
(49,971)
19,579,955		 2022
£
-
81,948
7,075
89,023
2022
£
-
22,424
22,424
2022
Total
funds
£
2,137,702
16,206,002
2,058,621
(22,424)
20,379,901

REVIEW OF THE YEAR 2022-2023 29

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WEC International

Notes to the Financial Statements - continued for the Year Ended 31st March 2023

15. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
GSF
Fixed Asset Properties
Operation World
WEC Camps
Media & Communications
Investment Fund
UK Regions
UK Ministries
Investment Property Fund
Restricted funds
Support Fund
Neighbours worldwide
International Fellowship
Crisis Response
TOTAL FUNDS		 At 1.4.22
£
3,606,037
2,132,288
29,118
69,975
-
10,775,000
88,227
130,575
2,576,212
19,407,432
901,738
8,750
57,417
4,564
972,469
20,379,901		 Net
movement

in funds
£
(605,801)
(61,946)
(26,170)
(12,547)
1
-
(9,052)
7,109
-
(708,406)
(29,952)
446
(57,470)
(4,564)
(91,540)
(799,946)		 Transfers

between

funds
£
331,476
(375,578)
27,139
-
-
-
(10,572)
(1,530)
-
(29,065)
35,356
(7,753)
1,462
-
29,065
-

At
31.3.23
£
3,331,712
1,694,764
30,087
57,428
1
10,775,000
68,603
136,154
2,576,212
18,669,961
907,142
1,443
1,409
-
909,994
19,579,955

Net movement in funds, included in the above are as follows:

Unrestricted funds
GSF
Fixed Asset Properties
Operation World
WEC Camps
Media & Communications
UK Regions
UK Ministries
Restricted funds
Support Fund
Neighbours worldwide
International Fellowship
Crisis Response
TOTAL FUNDS		 Incoming
resources
£
679,426
-
1,180
96,550
12,640
7,767
31,607
829,170
159,685
16,311
8,527
38
184,561
1,013,731
(		 Resources
expended
£
(766,400)
(61,946)
(27,350)
(109,097)
(12,639)
(16,819)
(24,498)
(1,018,749)
(189,637)
(15,865)
(65,997)
(4,602)
(276,101)
1,294,850)		 Gains and
losses
£
(518,827)
-
-
-
-
-
-
(518,827)
-
-
-
-
-
(518,827)		 Movement
in funds
£
(605,801)
(61,946)
(26,170)
(12,547)
1
(9,052)
7,109
(708,406)
(29,952)
446
(57,470)
(4,564)
(91,540)
(799,946)

30 REVIEW OF THE YEAR 2022-2023

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WEC International

Notes to the Financial Statements - continued for the Year Ended 31st March 2023

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Comparatives for movement in funds
Unrestricted funds
GSF
Fixed Asset Properties
Operation World
WEC Camps
Media & Communications
Investment Fund
UK Regions
UK Ministries
Investment Property Fund
Restricted funds
Support Fund
Neighbours worldwide
International Fellowship
Crisis Response
TOTAL FUNDS		 At 1.4.21
£
3,180,158
4,763,724
40,512
56,718
-
10,775,000
87,739
121,714
-
19,025,565
984,330
-
53,306
3,812
1,041,448
20,067,013		 Net
movement

in funds
£
430,869
(27,612)
(11,394)
13,257
23,256
-
5,663
8,903
-
442,942
(126,897)
7,597
(10,754)
-
(130,054)
312,888		 Transfers

between

funds
£
(4,990)
(2,603,824)
-
-
(23,256)
-
(5,175)
(42)
2,576,212
(61,075)
44,305
1,153
14,865
752
61,075
-

At
31.3.22
£
3,606,037
2,132,288
29,118
69,975
-
10,775,000
88,227
130,575
2,576,212
19,407,432
901,738
8,750
57,417
4,564
972,469
20,379,901

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
GSF
Fixed Asset Properties
Operation World
WEC Camps
Media & Communications
UK Regions
UK Ministries
Restricted funds
Support Fund
Neighbours worldwide
International Fellowship
TOTAL FUNDS		 Incoming
Resources
resources
expended
£
£
435,589
(1,011,682)
-
(27,612)
850
(12,244)
33,589
(20,332)
38,767
(15,511)
22,390
(16,727)
18,572
(9,669)
549,757
(1,113,777)
1,209,652
(1,336,549)
15,653
(8,056)
11,694
(22,448)
1,236,999
(1,367,053)
1,786,756
(2,480,830)		 Gains and
losses
£
1,006,962
-
-
-
-
-
-
1,006,962
-
-
-
-
1,006,962		 Movement
in funds
£
430,869
(27,612)
(11,394)
13,257
23,256
5,663
8,903
442,942
(126,897)
7,597
(10,754)
(130,054)
312,888

REVIEW OF THE YEAR 2022-2023 31

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WEC International

Notes to the Financial Statements - continued for the Year Ended 31st March 2023

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
GSF
Fixed Asset Properties
Operation World
WEC Camps
Media & Communications
Investment Fund
UK Regions
UK Ministries
Investment Property Fund
Restricted funds
Support Fund
Neighbours worldwide
International Fellowship
Crisis Response
TOTAL FUNDS		 At 1.4.21
£
3,180,158
4,763,724
40,512
56,718
-
10,775,000
87,739
121,714
-
19,025,565
984,330
-
53,306
3,812
1,041,448
20,067,013		 Net
movement

in funds
£
(174,932)
(89,558)
(37,564)
710
23,257
-
(3,389)
16,012
-
(265,464)
(156,849)
8,043
(68,224)
(4,564)
(221,594)
(487,058)		 Transfers

between

funds
£
326,486
(2,979,402)
27,139
-
(23,256)
-
(15,747)
(1,572)
2,576,212
(90,140)
79,661
(6,600)
16,327
752
90,140
-
At
31.3.23
£
3,331,712
1,694,764
30,087
57,428
1
10,775,000
68,603
136,154
2,576,212
18,669,961
907,142
1,443
1,409
-
909,994
19,579,955

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
GSF
Fixed Asset Properties
Operation World
WEC Camps
Media & Communications
UK Regions
UK Ministries
Restricted funds
Support Fund
Neighbours worldwide
International Fellowship
Crisis Response
TOTAL FUNDS		 Incoming
resources
£
1,115,015
-
2,030
130,139
51,407
30,157
50,179
1,378,927
1,369,337
31,964
20,221
38
1,421,560
2,800,487
 Resources
expended
£
(1,778,082)
(89,558)
(39,594)
(129,429)
(28,150)
(33,546)
(34,167)
(2,132,526)
(1,526,186)
(23,921)
(88,445)
(4,602)
(1,643,154)
(3,775,680)		 Gains and
losses
£
488,135
-
-
-
-
-
-
488,135
-
-
-
-
-
488,135		 Movement
in funds
£
(174,932)
(89,558)
(37,564)
710
23,257
(3,389)
16,012
(265,464)
(156,849)
8,043
(68,224)
(4,564)
(221,594)
(487,058)

32 REVIEW OF THE YEAR 2022-2023

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WEC International

Notes to the Financial Statements - continued for the Year Ended 31st March 2023

15. MOVEMENT IN FUNDS - continued

Restricted funds represent monies deposited with WEC International to be forwarded to volunteers and other third parties.

16. RELATED PARTY TRANSACTIONS

There were no related party transactions for the year ended 31st March 2023.

17. WEC INTERNATIONAL DIVISIONS

These financial statements include the accounts from the following divisions within the Mission:

The UK Headquarters: 1. General Fund

  1. The Property Fund

The National Headquarters: 1. Northern Ireland

  1. Scotland

The Regional Headquarters: 1. Southeast & Metropolitan

  1. Southwest & South Wales

The Ministries / Departments:

  1. WEC Mobilising

  2. Neighbours Worldwide

  3. Radio Worldwide

  4. WEC Publications

  5. Media & Communications

  6. Geared for Growth

  7. Operation World

  8. Arts Release

  9. WEC Youth

REVIEW OF THE YEAR 2022-2023 33

wec-uk.org

A word of thanks

A report on the year gone by would not be complete without recording our thankfulness.

Thankfulness to God whose firm calling has been an anchor. He has been faithful, sustaining us and providing for us in every situation, and thankfulness for His evident work as we see Him minister to broken hearts and restore lives.

Thankfulness to each and every supporter who has been a part of the story this year: those who have encouraged, prayed, taken part in activities, given financially, helped in any way – we couldn’t do it without you!

Finally, we are thankful to everyone who has served with us, in any capacity, in the unfinished task of sharing the good news of Jesus with people who do not yet know Him, for we passionately believe that all should have the opportunity to accept Jesus into their lives if they want to.

Carolyn Davey Chair of Trustees

34 REVIEW OF THE YEAR 2022-2023

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WEC International UK PO Box 6461 Coventry CV3 9NR

twitter.com/wecuk facebook.com/WECUK instagram/wecuk

wec-uk.org

REVIEW OF THE YEAR 2022-2023 35

wec-uk.org

Henrietta Cozens Signature: Henrietta Cozens (Dec 4, 2023 14:01 GMT)

Email: henrietta.cozens@wec-uk.org

Signature:

Signature:

Email: carolyn.davey@wec-uk.org

Email: pwright@sheen-stickland.co.uk

2023-12-07

2022-23_annual_wecuk final

Final Audit Report

Created: 2023-11-29 By: WEC Admin (admin@wec-uk.org) Status: Signed Transaction ID: CBJCHBCAABAARJ4SqS23VSqOmYcnYsbjV7yABJvhycMw

"2022-23_annual_wecuk final" History

Document created by WEC Admin (admin@wec-uk.org) 2023-11-29 - 3:27:17 PM GMT

Document emailed to henrietta.cozens@wec-uk.org for signature

2023-11-29 - 3:30:35 PM GMT

Email viewed by henrietta.cozens@wec-uk.org

2023-11-30 - 8:22:01 AM GMT

Signer henrietta.cozens@wec-uk.org entered name at signing as Henrietta Cozens 2023-12-04 - 2:01:51 PM GMT

Document e-signed by Henrietta Cozens (henrietta.cozens@wec-uk.org) Signature Date: 2023-12-04 - 2:01:53 PM GMT - Time Source: server

Document emailed to carolyn.davey@wec-uk.org for signature 2023-12-04 - 2:01:54 PM GMT

Email viewed by carolyn.davey@wec-uk.org 2023-12-04 - 2:21:26 PM GMT

Signer carolyn.davey@wec-uk.org entered name at signing as C M Davey 2023-12-04 - 2:25:57 PM GMT

Document e-signed by C M Davey (carolyn.davey@wec-uk.org) Signature Date: 2023-12-04 - 2:25:59 PM GMT - Time Source: server

Signer Paul Wright (pwright@sheen-stickland.co.uk) entered name at signing as Sheen Stickland 2023-12-07 - 9:43:22 AM GMT

Document e-signed by Sheen Stickland (pwright@sheen-stickland.co.uk) Signature Date: 2023-12-07 - 9:43:24 AM GMT - Time Source: server

Agreement completed.

2023-12-07 - 9:43:24 AM GMT