OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

Annual Report 2024-2025

WEC International Financial Statements for the Year ended 31 March 2025

Registered Charity in England, Wales & Scotland No.237005 and SC037715

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.......Introduction 4.......Our Object 6...... Our Cause

7...... Our Culture 9.......Our Course

12.... Future Objectives and Structures

15.... Auditor's Report

17.... Financial Statements

32.... A Word Of Thanks

Introduction

Trustees

C Simpson Chair A Cousins Vice-Chair CM Davey P Amboule A Berry H Cozens E Francis N Wardrope D Meader

UK Directors

Malcolm & Kerstin Gray

Secretary to the Trustees H Cozens

Registered Charity Numbers 237005 (England & Wales) SC037715 (Scotland)

Website

WEC International was registered as a charitable trust as long ago as May 1939 and its roots go back very much further. But this is the last Annual Report of its kind, because we transferred most of our assets and all the mission work of WEC International in the UK & Ireland to a Charitable Incorporated Organisation (CIO) called WEC UK on 1 April 2025. A CIO is a legal structure specifically designed for charities in the UK and will better suit WEC’s needs in the years ahead. However, WEC International (the UK Trust) will continue for the time being – mainly to hold certain assets which it would be problematic to transfer to WEC UK (the new CIO) at present.

WEC exists to advance the Christian religion throughout the world by sharing the good news that Jesus died and rose again so anyone who really wants to can become a friend of God. Given the state of the world, and the strength of the opposition to the gospel in many places, WEC’s task might seem daunting, but we are God-confident, because we know how this ends:

www.wec-uk.org

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

Auditors

Lewis Brownlee (Chichester) Limited Chartered Accountants & Registered Auditors Appledram Barns Birdham Road Chichester West Sussex PO20 7EQ

Bankers

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

“After this I saw a vast crowd, too great to count, from every nation and tribe and people and language, standing in front of the throne and before the Lamb. They were clothed in white robes and held palm branches in their hands. And they were shouting with a great roar, “Salvation comes from our God who sits on the throne and from the Lamb!” Revelation 7:9-10

It’s a great privilege to play my small part in the governance of WEC International as it supports mission at home and overseas.

Chris Simpson Chair of Trustees

Solicitors

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

REVIEW OF THE YEAR 2024-2025 3

wec-uk.org

The Trustees present their report together with the financial statements for the year ended 31 March 2025.

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:

• Edinburgh and Glasgow, Scotland

Andrew and Maria have been partnering with others in the Mahabba network in Edinburgh and the Friendship First network in Glasgow for promoting outreach to Muslims across central Scotland. They also led a 6-week baptismal preparation course for 3 Kurdish believers related to Kings' Church, Edinburgh.

• Online MomentumYes Course

13 people completed the 6-week courses facilitated online by Karen. Together they were able to rethink mission and learn about God’s heart for the world. The challenge throughout the course is to grow a desire to ask the Lord “where do I fit in?” Several people said that their eyes had been opened and that the course had stimulated ideas about mission at home as well as overseas.

• India and the Hindi-speaking world

Chris has faithfully produced and sent a daily two-minute Hindi thought from God’s word. This helps Hindi-speaking people around the world to start their day with the Word of God, providing something to meditate on through the day. This word is broadcast via radio and also through social media in audio, video and print format.

• Cromer, England

269 energetic campers and 149 willing volunteer leaders had a wonderful time at the two week-long WEC Camps. Numerous young people came to know Christ for the first time and responded to God’s call to mission. WEC Camps provides a fun, safe space where many shared how they experienced a sense of belonging and a desire to do it all again next year!

Neighbours Worldwide (NW) Ministry Highlights

  1. Refugee Family Reunited and Housed in Belfast

A refugee family in Belfast experienced a powerful answer to prayer as suitable housing was miraculously provided — bringing security, dignity, and a new start in their journey of faith.

  1. Vibrant Church Partnerships Across the UK

NW formed dynamic partnerships with diverse churches, including a Turkish congregation in Palmers Green and multicultural churches in Manchester and Birmingham, helping them engage at least

4 REVIEW OF THE YEAR 2024-2025

wec-uk.org

warm spaces, book tables, and international evenings in cities such as Worthing, Walsall, and Leeds — building bridges of trust and gospel witness.

  1. Discipleship and Mentoring for Internationals Through one-to-one mentoring, Bible studies, and friendship evangelism, NW teams discipled internationals in cities like Gloucester, Wakefield, and Bristol, with over 40 people from unreached backgrounds growing in their walk with Jesus. 5. Multiple Baptisms of New Believers Internationals from Iranian, Kurdish, Turkish, and Afghan backgrounds publicly declared their faith in Jesus, with baptisms celebrated in locations including Nelson, Bristol, Walsall, and Derby. 6. Empowering Churches for Multilingual Worship

NW supported churches in cities like Gloucester and Derby to incorporate multiple languages in their services, reflecting the diversity of their congregations and making worship more accessible and inclusive.

  1. Equipping Believers for Cross-Cultural Mission

Through tailored training sessions, NW equipped church members to confidently engage in international ministry and lead discipleship initiatives in their own communities. 8. Transformational Cross-Cultural Projects Life-giving projects like the Women’s Shine Café (serving 20+ nationalities), Woodshed Carpentry for men (15 nationalities), and barista training in Leeds provided practical skills and spiritual growth among marginalized communities.

  1. Mobilising Internationals for Ministry Internationals in cities such as Birmingham and Derby were equipped to serve practically and spiritually, becoming active participants in local outreach and church life. 10. Hospitality as a Gateway to the Gospel Home-based hospitality and neighbour visits

in cities like Leicester and Wolverhampton opened doors to gospel conversations, meaningful relationships, and community transformation - one home at a time.

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.

REVIEW OF THE YEAR 2024-2025 5

wec-uk.org

Our Cause

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

Our Cause requires people to travel to every corner of the globe. We are so proud of the 83 colleagues of ours serving overseas, many in parts of the world that require significant adjustments to living standards. They are committed to serving in each of their respective cross-cultural contexts to be a blessing and demonstrate the love of God. The work they do is invaluable and their stories need to be told. We also had 22 well-equipped short-term workers serving around the world during the year.

However, this report will concentrate on WEC activities closer to home, in the UK and Ireland, engaged in by 139 members and partners, not including the many other volunteers that serve so faithfully. WEC’s role in the UK and Ireland is to inspire and equip the churches here to embrace God’s heart for the unreached peoples of the world – both the 35 unreached people groups represented here and the remaining 7,000 unreached people groups around the rest of the world.

Thanks in part to our presence at 29 Christian events last year together with a focus on the mission discovery courses we offered to interested individuals, we were pleased to welcome 6 participants to our Mission & Me event in Arbroath and a further 28 participants onto our online Mission and Me courses. These courses give our participants the opportunity to engage with WEC’s vision to see the unreached peoples of the world knowing, loving and worshipping Jesus. We have also had the privilege of journeying with people from other faiths through a variety of discipleship materials in a range of languages.

These activities represent the journeys we have all experienced during our lives. Others graciously and patiently accompanied us on our respective journeys into faith and later into mission, and now it is our joy to offer the same to other sojourners around the world.

6 REVIEW OF THE YEAR 2024-2025

wec-uk.org

Our Culture

WE …

• SEE VALUE AND WORTH

• LOVE TO WELCOME

• INFLUENCE OUR WORLD

• PARTNER FOR THE KINGDOM

See value and worth - We have eyes to see Kingdom treasure, all that God is doing in people and places around us.

Love to welcome - We practise Kingdom hospitality, stepping toward others with open arms.

• The Ministries Hub extended hospitality into every corner: inviting internationals into homes, sharing meals and celebrations, offering prayer, and creating safe, joy-filled spaces through Geared for Growth groups.

REVIEW OF THE YEAR 2024-2025 7

wec-uk.org

Influence our world - We are Kingdom catalysts, inspiring others towards

God’s purpose and presence.

• In the Ministries Hub, Neighbours Worldwide partnered with churches and organisations to equip believers: publishing resources, offering training, and empowering internationals to share their faith locally and globally.

• The Mobilising Hub ignited fresh vision through the fantastic MomentumYes course, where participants discovered God's global heart and explored their own role in His mission. Through story-sharing and deep conversations, many began to discover God’s call on their lives, both at home and overseas.

Partner for the kingdom - We serve the wider Church to see God’s Kingdom established around the world.

8 REVIEW OF THE YEAR 2024-2025

wec-uk.org

We serve so that there will be …

Our COURSE

• Fresh outpourings (Goal #1)

• New engagements (Goal #2)

• Many sent (Goal #3)

Goal # 1 Fresh Outpourings – The UK and Ireland will be soaked in prayer to see a fresh move of the Spirit and God’s Kingdom come.

The spiritual climate is changing across the UK and Ireland, with an increase of interest in spirituality and faith in God. Prayer has been instrumental in bringing that shift. Despite challenges in the economy and the seeming chaos around the world, we are committed to prayer, to see the UK and Ireland blessed with a fresh move of God’s Holy Spirit. To that end WEC committed to praying for these nations in a variety of ways, of which these are just a few:

• In the Member Care & Personnel Hub, prayer was deeply embedded, through team prayer, one-to-one ministry, and spiritual formation. The hub also mobilised the powerful prayers of the retiree network and led prayer seasons dedicated to WEC’s strategic goals.

• Across the Ministries Hub, prayer flowed naturally from relationship and outreach, whether it was a quiet prayer in a café, healing in Derby, or gatherings like Mahabba and “Night of Power.” Arts Release, Geared for Growth, and Neighbours Worldwide all incorporated regular, intentional prayer in their work and worship.

• The Mobilising Hub produced WEC Pray, hosted prayer conferences, and creatively invited intercession for people groups in the UK & Ireland through our “Treasure” campaign. WEC Camps were soaked in prayer before, during, and after, inviting God to work in young lives.

Goal #2 New Engagements – Churches will be inspired to pray for and build authentic relationships with the unreached peoples in their communities.

It has been encouraging to see how the Lord is moving among the churches in the UK and Ireland particularly in the area of serving people in their communities from other cultural backgrounds. Here are some of the many examples:

REVIEW OF THE YEAR 2024-2025 9

wec-uk.org

sity-aware practices, supported returning and retiring workers, and encouraged churches to pray and engage more deeply in global mission.

• Neighbours Worldwide, Arts Release, and the Mobilising Hub all empowered churches and individuals to engage with internationals through language classes, outreach events, prayer initiatives, and discipleship. Whether training in “Friendship First,” leading Bible studies in multiple languages, or encouraging arts in outreach, the aim is the same: to help churches embrace the unreached in their communities.

• Courses like MomentumYes and campaigns like “Treasure” have helped open eyes to see the unreached peoples on our doorstep in the UK & Ireland. WEC Camps, media, and large events have provided platforms to extend the challenge further - helping churches recognise their unique role in God’s mission, locally and globally.

Goal # 3 Many Sent – Increasing numbers of Kingdom ambassadors will be sent to the unreached peoples of the world.

WEC is a mission organisation that has always had a vision to see people all around the world experiencing the love of God as it is shared with them in culturally understandable ways. This continues to be a primary objective to prepare and send more people to others who have never had a chance to hear the Gospel. It is encouraging to meet and get to know different people today who are responding to God’s call on their lives to engage with the unreached peoples of the world.

• The UK Leadership Team has played a key role in orientation, welcoming and preparing short- and long-term candidates, as well as returnees discerning how to serve among unreached peoples in multicultural UK and Ireland. Regular engagement with global mission leaders has also opened pathways for new sending opportunities.

• The MCP Hub provided spiritual formation, member care, and training to prepare new workers. Administrative and prayerful support, guest engagement, and retiree involvement all contributed to raising up well-equipped members.

• The Operations Hub backed this up with essential logistics, such as engaging in official correspondence with relevant authorities, negotiating appropriate insurance and managing our finances.

• Ministries like Neighbours Worldwide and Arts Release actively mentored, trained, and mobilised individuals into cross-cultural ministry, while hosting short-term workers and speaking at conferences.

• WEC Camps was faithful in sowing mission seeds among young people and adult volunteers, with encouraging responses.

10 REVIEW OF THE YEAR 2024-2025

wec-uk.org

• Meanwhile, the Media & Communications team shared compelling stories to inspire new journeys into cross-cultural mission, echoing the year’s theme: “Finding Kingdom treasure all around the world.”

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 sharing similar charitable objectives to our own, such as:

• Central Asia - Dream Library - Provides a program to improve the learning ability of students with learning difficulties through good children educational books. These children are not only struggling with their learning but also carry their family problems such as alcoholism, (which is big problem in this country), ancestor worship, child violence and sexual violence. The work embraces and cares for these children with the love of Christ, to help them grow into functional members of society, and help them come to know Christ.

• South Asia – Social media engagement with unreached groups – Encourage and equipping the church in this south Asian country to use media to share the good news of God’s love with their own people. Training young indigenous Christians to create exceptional content for satellite broadcasting. Through social media, invitations are made to all faith groups to enter deep conversations about life and faith.

• Africa – WEC Ministry Training Centre – To provide affordable training to ministry workers in Africa. This is a first of its kind in Africa serving the continent to empower the churches to raise up workers to reach the globally estimated 7,400 unreached people groups.

• Sub-Saharan Africa – Reaching the Muslim communities - Helping ordinary Christians and churches everywhere to grow in love and confidence in sharing biblical truth with Muslims and other non-Christians. Resources developed originally in Arabic and since translated, dubbed and sub-titled into forty languages including many African languages like Hausa, Somali, Kiswahili, Amharic, Fulfulde etc. and all the major Muslim world languages. Since 2016, when the programme was launched in Africa over 2,300 individuals have been trained in the use of the resources. In 2023 alone, over 800 group leaders were trained across the subSahara Africa region to share the resources with their Muslim friends. Today, this ministry in Africa has reached 33 of 48 sub-Saharan African countries.

REVIEW OF THE YEAR 2024-2025 11

wec-uk.org

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.

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. In 2019 the decision was made that the primary legal form for WEC in the UK would shift from being an Unincorporated Trust in the name of "WEC International" to become a Charitable Incorporated Organisation (CIO) in the name of "WEC UK". The intention was for all WEC members associated with the UK to become CIO

members or CIO affiliates of the new CIO enabling greater participation, for instance in the appointment of new Trustees, which the membership was unable to do according to the WEC International Trust Deed. Launching the CIO will bring WEC's legal form in the UK and its way of functioning closer in alignment with WEC’s governing documents - the Core of WEC and the Practice of WEC. The CIO constitution was affirmed by the membership on 26 October 2023, registered in early 2024 and the WEC UK CIO will be activated on 1 April 2025 with the transfer of assets. The WEC International Trust will remain active for the foreseeable future holding a few remaining assets until these can be satisfactorily transferred to the CIO or ownership of the assets can be transferred.

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. Below is a full set of financial statements of WEC UK and Ireland comprising of the Trustees’ Report and Accounts to be approved by the trustees and members in October 2025.

12 REVIEW OF THE YEAR 2024-2025

wec-uk.org

Human resources

As of 31 March 2025, we had 83 long-term members serving with overseas WEC Branches. In the UK Branch of WEC International we had 76 contracted Voluntary Workers and 52 Volunteers with a formal Volunteer Agreement.

We also had 11 long-term members who were not in a formally contracted role at that time.

During the year 1 April 2024 – 31 March 2025, we had a total of 7 resignations and 10 retirements. However, we recruited 4 new long-term members and 20 new short-term members, plus 9 new volunteers.

Risk Management

As trustees, we recognise our responsibility to understand and mitigate the significant risks to which WEC International is exposed. We have therefore compiled a risk register identifying relevant strategic, financial, operational, reputational & compliance risks and the controls that we have in place to mitigate those risks. The residual risk level is then calculated in terms of likelihood and severity. The trustees have implemented a system to review the risk register every 12 months to ensure that it remains accurate, that the control measures continue to be suitable and sufficient and that any emerging significant risks are identified and appropriately mitigated. The biggest risk we face as a charity is still sending members to unstable and dangerous areas of the world. All members are carefully screened, orientated and prepared for difficult circumstances. Each team operates a full crisis management plan and carefully monitors local and world events.

Reserves and investment

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

WEC International has always lived in dependence on the goodness of God, never appealing for or overtly raising funds, but enjoying the support of Christian people committed to its mission and values. We anticipate that in future our investment and other income will be more than sufficient for our annual running costs. This will be reflected in our Reserves Policy, which states that we anticipate that our investment income will be sufficient to meet current expenditure, and we therefore do not need to set other funds aside as a reserve.

Review of the financial position

Total income from all sources rose this year to £1,109,430 (up from £857,354). This was due to increases in donations and in investment income.

With discretionary expenditure also reducing, the net deficit fell this year to £474,374. This represented an improvement (reduced annual deficit) of £328,322.

Our total funds carried forward at 31st March 2025 are £17,923,879 made up of £873,482 restricted funds and £17,045,397 unrestricted funds. Several of the Charity’s residential houses have now been sold, as they no longer fit with our property needs. The

REVIEW OF THE YEAR 2024-2025 13

wec-uk.org

funds have been added to the investment portfolio. The remaining houses are on the market and are expected to be sold during 2025/26.

The Trust’s fund balances remain strong, and the market value of the operational properties exceeds the net book value stated in the accounts. Other than the ongoing support of its ministries and the day-to-day upkeep of properties, the Trust also remains committed to one lease for a warehouse space in the UK. We, the Trustees, are satisfied that on a fund-by-fund basis the Trust has sufficient assets to fulfil its obligations.

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:

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

and signed on their behalf by

Mr C Simpson - Chair of Trustees

14 REVIEW OF THE YEAR 2024-2025

wec-uk.org

Auditor's Report & Financial Statements

WEC INTERNATIONAL

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 West Midlands CV1 5EA

Trustees

C L Simpson Ms H L Cozens D Meader A Cousins Ms E A Francis Ms C Davey Mr P J Amboule N Wardrope A Berry

Auditors

Lewis Brownlee (Chichester) Limited Statutory Auditors Appledram Barns Birdham Road Chichester West Sussex PO20 7EQ

Solicitors

Edward Connor Solicitors 10 The Point Market Harborough LE16 7QU

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

REVIEW OF THE YEAR 2024-2025 15

wec-uk.org

TRUSTEES' RESPONSIBILITY STATEMENT

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).

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.

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

.................................................................

Trustee

16 REVIEW OF THE YEAR 2024-2025

wec-uk.org

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 31 March 2025 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:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, 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.

REVIEW OF THE YEAR 2024-2025 17

wec-uk.org

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WEC INTERNATIONAL

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.

Lewis Brownlee (Chichester) Limited Statutory Auditors Appledram Barns Birdham Road Chichester West Sussex PO20 7EQ

Date: .............................................

18 REVIEW OF THE YEAR 2024-2025

wec-uk.org

WEC INTERNATIONAL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 285,772 287,147 572,919 334,430
Other trading activities 3 95,027 7,514 102,541 79,859
Investment income 4 433,970 - 433,970 443,065
Total 814,769 294,661 1,109,430 857,354
EXPENDITURE ON
Charitable activities 5
Charitable Activities 1,286,016 297,788 1,583,804 1,657,050
Net gains/(losses) on investments (398,531) - (398,531) (409,119)
NET INCOME/(EXPENDITURE) (869,778) (3,127) (872,905) (1,208,815)
Transfers between funds 16 (8,437) 8,437 - -
Other recognised gains/(losses)
Gains on revaluation of fixed assets - - - 425,644
Net movement in funds (878,215) 5,310 (872,905) (783,171)
RECONCILIATION OF FUNDS
Total funds brought forward 17,923,612 873,172 18,796,784 19,579,955
TOTAL FUNDS CARRIED FORWARD 17,045,397 878,482 17,923,879 18,796,784

REVIEW OF THE YEAR 2024-2025 19

wec-uk.org

WEC INTERNATIONAL

BALANCE SHEET

31 MARCH 2025

2025
 2024
Notes £
 £
FIXED ASSETS
Tangible assets 9 1,642,112 1,670,649
Investments
Investments 10 12,126,335 12,334,682
Investment property 11 997,030 2,522,030
14,765,477 16,527,361
CURRENT ASSETS
Stocks 12 2,191 10,313
Debtors 13 416,636 71,238
Cash at bank and in hand 3,054,265 2,266,022
3,473,092 2,347,573
CREDITORS
Amounts falling due within one year 14 (314,690) (78,150)
NET CURRENT ASSETS 3,158,402 2,269,423
TOTAL ASSETS LESS CURRENT LIABILITIES 17,923,879 18,796,784
NET ASSETS 17,923,879 18,796,784
FUNDS 16
Unrestricted funds 17,045,396 17,923,612
Restricted funds 878,483 873,172
TOTAL FUNDS 17,923,879 18,796,784

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

.............................................

Trustee

20 REVIEW OF THE YEAR 2024-2025

wec-uk.org

WEC INTERNATIONAL

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 (614,816) (722,199)
Net cash used in operating activities (614,816) (722,199)
Cash flows from investing activities
Purchase of fixed asset investments (7,093,919) (9,631,556)
Sale of fixed asset investments 6,894,538 9,507,792
Sale of investment property 1,525,000 615,000
Interest received 77,440 49,574
Net cash provided by investing activities 1,403,059 540,810
Change in cash and cash equivalents in the reporting period 788,243 (181,389)
Cash and cash equivalents at the beginning of the reporting period 2,266,022 2,447,411
Cash and cash equivalents at the end of the reporting period 3,054,265 2,266,022

REVIEW OF THE YEAR 2024-2025 21

wec-uk.org

WEC INTERNATIONAL

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025 2024
£ £
Net expenditure for the reporting period (as per the Statement of Financial Activities)(872,905) (1,208,815)
Adjustments for:
Depreciation charges 28,537 28,604
Losses on investments 407,728 409,119
Interest received (77,440) (49,574)
Decrease in stocks 8,122 1,212
(Increase)/decrease in debtors (345,398) 69,076
Increase in creditors 236,540 28,179

Net cash used in operations (614,816) (722,199)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank and in hand 2,266,022 788,243 3,054,265
2,266,022 788,243 3,054,265
Total 2,266,022 788,243 3,054,265

22 REVIEW OF THE YEAR 2024-2025

wec-uk.org

WEC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 properties are stated at market 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.

Stocks

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

REVIEW OF THE YEAR 2024-2025 23

wec-uk.org

WEC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

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
2025 2024
£
 £
Gifts 319,641 274,109
Gift aid 40,231 27,325
Legacies 213,047 32,996
572,919 334,430
3. OTHER TRADING ACTIVITIES
2025
 2024
£
 £
Camps & conference income 93,611 67,074
Sale of literature & goods 4,789 6,457
Other 4,141 6,328
102,541
 79,859

4. INVESTMENT INCOME

4. INVESTMENT INCOME
2025
 2024
£
 £
Rents received 59,583 122,157
Dividends 296,947 271,334
Interest receivable 77,440 49,574
433,970
 443,065

24 REVIEW OF THE YEAR 2024-2025

wec-uk.org

WEC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

5. CHARITABLE ACTIVITIES COSTS

ABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 6) note 7) Totals
£ £ £
Charitable Activities 813,784 770,020 1,583,804

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

2025
 2024
£ £
Gifts forwarded 271,955 225,848
Camps and conferences 202,058 221,970
Sale of literature and goods 72,046 13,435
Promotion, deputation and travel 64,358 49,151
Discretionary gifts 203,367 671,709
813,784
 1,182,113

Included within charitable activities direct costs are grants paid during the course of the year amounting to £115,825 (2024: £596,880).

The grants were payable to institutions both in the UK and overseas as follows:

2025 2024
£ £
Al Massira Trust 22,500 -
Bethel UK - Anchor Point Building - 450,000
Grace International School 7,500 -
Hennock International Limited 10,000 -
Kingsway CLC Trust - 100,000
Leeds Christian Community Trust 11,210 -
Worldview Centre Kitchen project - 26,880
WEC ILT (Thailand) 64,615 -
WEC Spain Gira 180 Grados - 10,000
WEC Amazon People Groups Brazil - 10,000
T COSTS
Management Finance Governance Totals
£ £ £ £
Charitable Activities 323,711 78,216 368,093 770,020

7. SUPPORT COSTS

Included within Governance costs, above, is auditors' remuneration of £19,380 (2024: £12,000) and non-auditors remuneration of £21,536 (2024: £16,674).

REVIEW OF THE YEAR 2024-2025 25

wec-uk.org

WEC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

8. 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 their capacity as such received any emoluments or had expenses reimbursed (except as below or as noted in the previous year). A total of £455 was paid to two trustees (2024: £3,199 to three trustees) towards travel costs on WEC business.

9. TANGIBLE FIXED ASSETS

9. TANGIBLE FIXED ASSETS
Equipment,
Freehold furniture
property & fittings Totals
£ £ £
COST
At 1 April 2024 and 31 March 2025 1,886,804 63,954 1,950,758
DEPRECIATION
At 1 April 2024 217,463 62,646 280,109
Charge for year 27,612 925 28,537
At 31 March 2025 245,075 63,571 308,646
NET BOOK VALUE
At 31 March 2025 1,641,729 383 1,642,112
At 31 March 2024 1,669,341 1,308 1,670,649

10. FIXED ASSET INVESTMENTS

10. FIXED ASSET INVESTMENTS
Cash and
Listed settlements
investments pending Totals
£ £ £
MARKET VALUE
At 1 April 2024 11,830,993 503,689 12,334,682
Additions 3,540,373 3,553,546 7,093,919
Disposals (3,194,397) (3,700,141) (6,894,538)
Revaluations (407,728) - (407,728)
At 31 March 2025 11,769,241 357,094 12,126,335
NET BOOK VALUE
At 31 March 2025 11,769,241 357,094 12,126,335
At 31 March 2024 11,830,993 503,689 12,334,682

26 REVIEW OF THE YEAR 2024-2025

wec-uk.org

WEC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

10. FIXED ASSET INVESTMENTS - continued
HISTORICAL COST
At 31 March 2025 12,451,070
At 31 March 2024 12,113,074
Investment assets held are detailed as follows:
2025 2024
£ £
UK 10,174,114 9,763,712
North America 1,595,126 2,067,281
The investments which are material to the investment portfolio are detailed as follows:
2025 2024
£ £
Allianz Green Bond Fund P2 (H2-GBP) Inc 603,083 -
BH Macro Ltd Ordinary Shares NPV GBP 1,036,673 924,488
Impax Environmental Markets Plc Ordinary Shares 656,590 755,290
iShares USD TIPS UCITS ETF USD (Acc) 805,870 847,822
iShares USD Treasury Bond 3-7yr UCITS ETF Dist Hedged GBP - 1,219,459
Ninety One Global Environment Fund I Acc - 626,078
UK Treasury Gilt 1.25% 31/07/2051 743,633 857,385
UK Treasury Gilt 0.875% 31/07/2033 781,742 798,315
Vanguard U.S Government Bond Index Fund Acc Hedged GBP - 971,607
Cost or valuation at 31 March 2025 is represented by:
Cash and
Listed settlements
investments pending Totals
£ £ £
Valuation in 2025 11,769,241 357,094 12,126,335
11. INVESTMENT PROPERTY
£
FAIR VALUE
At 1 April 2024 2,522,030
Disposals (1,525,000)
At 31 March 2025 997,030
NET BOOK VALUE
At 31 March 2025 997,030
At 31 March 2024 2,522,030

The investment properties were revalued on 31 March 2024 by Godfrey- Payton Chartered Surveyors. The basis of the valuation was market value.

REVIEW OF THE YEAR 2024-2025 27

wec-uk.org

WEC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

11. INVESTMENT PROPERTY - continued

Fair value at 31 March 2025 is represented by:
£
Valuation in 2025 125,823
Cost 871,207
997,030
12. STOCKS
2025 2024
£ £
Publications for resale 2,191 10,313
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 830 842
Other debtors 375,190 32,601
Prepayments and accrued income 40,616 37,795
416,636 71,238
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 23,450 53,883
Other creditors 250,000 -
Accruals and deferred income 41,240 24,267
314,690 78,150

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Fixed assets1,642,112 - 1,642,112 1,670,649
Investments13,123,365 - 13,123,365 14,856,712
Current assets2,594,609 878,483 3,473,092 2,347,573
Current liabilities(314,690) - (314,690) (78,150)
17,045,396 878,483 17,923,879 18,796,784

28 REVIEW OF THE YEAR 2024-2025

wec-uk.org

WEC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

16. MOVEMENT IN FUNDS

16. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.24 in funds funds 31.3.25
£ £ £ £
Unrestricted funds
GSF 2,749,274 (687,295) 1,391,104 3,453,083
Fixed Asset Properties 1,667,152 (27,612) - 1,639,540
Operation World 10,527 (9,399) - 1,128
WEC Youth Ministries 502 (54,922) 54,922 502
Media & Communications - (11,939) 12,298 359
Investment Fund 10,775,000 - - 10,775,000
UK Regions 55,177 (8,819) - 46,358
UK Ministries 143,950 (69,793) 58,239 132,396
Investment Property Fund 2,522,030 - (1,525,000) 997,030
17,923,612 (869,779) (8,437)
 17,045,396
Restricted funds
Support Fund 866,973 16,242 - 883,215
Neighbours worldwide 1,442 (9,878) 8,437 1
International Fellowship 4,757 (9,490) - (4,733)
873,172 (3,126)
 8,437
 878,483
TOTAL FUNDS 18,796,784 (872,905) - 17,923,879

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

Incoming Resources Gains and
 Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
GSF 703,108 (991,872) (398,531) (687,295)
Fixed Asset Properties - (27,612) - (27,612)
Operation World 4,950 (14,349) - (9,399)
WEC Youth Ministries 83,640 (138,562) - (54,922)
Media & Communications 3,511 (15,450) - (11,939)
UK Regions 11,963 (20,782) - (8,819)
UK Ministries 7,597 (77,390) - (69,793)
814,769 (1,286,017) (398,531)
 (869,779)
Restricted funds
Support Fund 265,942 (249,700) - 16,242
Neighbours worldwide 23,352 (33,230) - (9,878)
International Fellowship 5,367 (14,857) - (9,490)
294,661 (297,787) -
 (3,126)
TOTAL FUNDS 1,109,430 (1,583,804) (398,531) (872,905)

WEC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£ £ £ £
Unrestricted funds
GSF 3,331,352 (976,655) 394,577 2,749,274
Fixed Asset Properties 1,694,764 (27,612) - 1,667,152
Operation World 30,087 (19,560) - 10,527
WEC Youth Ministries 57,428 (66,686) 9,760 502
Media & Communications 1 (7,321) 7,320 -
Investment Fund 10,775,000 - - 10,775,000
UK Regions 68,603 (13,426) - 55,177
UK Ministries 136,514 (31,722) 39,158 143,950
Investment Property Fund 2,576,212 425,644 (479,826) 2,522,030
18,669,961 (717,338) (29,011) 17,923,612
Restricted funds
Support Fund 907,142 (40,169) - 866,973
Neighbours worldwide 1,443 (29,012) 29,011 1,442
International Fellowship 1,409 3,348 - 4,757
909,994 (65,833) 29,011 873,172
TOTAL FUNDS 19,579,955 (783,171) - 18,796,784
Comparative net movement in funds, included in the above are as follows: Comparative net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
GSF 572,909 (1,140,445) (409,119) (976,655)
Fixed Asset Properties - (27,612) - (27,612)
Operation World 3,152 (22,712) - (19,560)
WEC Youth Ministries 67,322 (134,008) - (66,686)
Media & Communications 4,230 (11,551) - (7,321)
UK Regions 7,315 (20,741) - (13,426)
UK Ministries 10,721 (42,443) - (31,722)
Investment Property Fund - - 425,644 425,644
665,649 (1,399,512) 16,525
 (717,338)
Restricted funds
Support Fund 181,439 (221,608) - (40,169)
Neighbours worldwide 4,091 (33,103) - (29,012)
International Fellowship 6,175 (2,827) - 3,348
191,705 (257,538) -
 (65,833)
TOTAL FUNDS 857,354 (1,657,050) 16,525 (783,171)

30 REVIEW OF THE YEAR 2024-2025

wec-uk.org

WEC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

16. MOVEMENT IN FUNDS - continued

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

Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.25
£ £ £ £
Unrestricted funds
GSF 3,331,352 (1,663,950) 1,785,681 3,453,083
Fixed Asset Properties 1,694,764 (55,224) - 1,639,540
Operation World 30,087 (28,959) - 1,128
WEC Youth Ministries 57,428 (121,608) 64,682 502
Media & Communications 1 (19,260) 19,618 359
Investment Fund 10,775,000 - - 10,775,000
UK Regions 68,603 (22,245) - 46,358
UK Ministries 136,514 (101,515) 97,397 132,396
Investment Property Fund 2,576,212 425,644 (2,004,826) 997,030
18,669,961 (1,587,117) (37,448)
 17,045,396
Restricted funds
Support Fund 907,142 (23,927) - 883,215
Neighbours worldwide 1,443 (38,890) 37,448 1
International Fellowship 1,409 (6,142) - (4,733)
909,994 (68,959) 37,448
 878,483
TOTAL FUNDS 19,579,955 (1,656,076) - 17,923,879

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

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
GSF 1,276,017 (2,132,317) (807,650) (1,663,950)
Fixed Asset Properties - (55,224) - (55,224)
Operation World 8,102 (37,061) - (28,959)
WEC Youth Ministries 150,962 (272,570) - (121,608)
Media & Communications 7,741 (27,001) - (19,260)
UK Regions 19,278 (41,523) - (22,245)
UK Ministries 18,318 (119,833) - (101,515)
Investment Property Fund - - 425,644 425,644
1,480,418 (2,685,529) (382,006)
 (1,587,117)
Restricted funds
Support Fund 447,381 (471,308) - (23,927)
Neighbours worldwide 27,443 (66,333) - (38,890)
International Fellowship 11,542 (17,684) - (6,142)
486,366 (555,325) -
 (68,959)
TOTAL FUNDS 1,966,784 (3,240,854) (382,006) (1,656,076)

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

REVIEW OF THE YEAR 2024-2025 31

wec-uk.org

WEC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

16. MOVEMENT IN FUNDS - continued

Operation World

Running costs of Operation World, a prayer handbook covering the whole world, country by country. Online resources and a new print version in early stage of preparation.

WEC Youth Ministries

WEC's engagement with younger people, particularly through summer camps.

Media and Communications

WEC's media activities, e.g. website, brochures, etc.

UK Regions

There are two funds for regions, one for Northern Ireland and one for Scotland, for WEC's work in those regions.

UK Ministries

WEC's activities within the UK.

Neighbours Worldwide

WEC's evangelism activities with migrant communities.

International Fellowship

A fund of WEC International worldwide, held by WEC Netherlands, for use in giving financial help to WEC workers in financial need. Some gifts given by UK WEC members are held, pending transfer to WEC Netherlands.

Transfers between funds

Transfers between funds relate to transfers from the GSF fund to designated funds to cover expenditure within those departments.

A further transfer of £1,525,000 was made from the investment property fund to the GSF fund as a result of the property disposals in the year.

17. CONTINGENT LIABILITIES

As of 1 April 2025 the assets and liabilities (excluding 19 Weir Way, 1 O'Brien House and 5 O'Brien House) were transferred to the newly formed Charitable Incorporated Organisation, WEC UK (charity number 1206772).

As part of the agreement, £500,000 will be held back by WEC International to cover the costs of selling the remaining UK properties listed above and closing down the charity. Of this amount £250,000 has been included as a provision, which is the estimated stamp duty that WEC International has agreed to pay when the overseas properties are transferred to a separate Indian charity. The remaining £250,000 has been recognised as a contingent liability.

18. RELATED PARTY TRANSACTIONS

The only related party transactions noted for the year ended 31 March 2025 were the trustee travel expenses which were reimbursed and detailed in note 7.

32 REVIEW OF THE YEAR 2024-2025

wec-uk.org

WEC INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

19. POST BALANCE SHEET EVENTS

On 1 April 2025 the assets and liabilities of WEC International were transferred to a new CIO, WEC UK (charity number: 1206772).

20. WEC INTERNATIONAL DIVISIONS

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

The UK Headquarters:

  1. General Fund

  2. Headquarters Management Fund

  3. The Property Fund

The National Headquarters:

  1. Northern Ireland

  2. Scotland

The Regional Headquarters:

  1. Midlands

  2. Southeast & Metropolitan

  3. Southwest & South Wales

  4. Northeast

  5. Northwest & North Wales

The Ministries / Departments:

  1. WEC Mobilising

  2. Neighbours Worldwide

  3. Radio Worldwide

  4. WEC Publications

  5. Media & Communications

  6. Word Worldwide UK- Geared for Growth

  7. WEC Short Term (previously TREK)

  8. Operation World

  9. Arts Release

  10. WEC Youth

REVIEW OF THE YEAR 2024-2025 33

wec-uk.org

Gratitude

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

• We start, and finish, by to giving thanks to our God. Without Him, nothing we do has any lasting value. With him, more than we ask or imagine…

• We thank all WEC’s supporters for your gifts of time, money and love. But especially, we thank you for your prayers.

• We thank everyone who has served within WEC - in any capacity – so that the fragrance of Christ is carried to the unreached. Your work may sometimes be unseen, but it is celebrated in heaven.

Blessings,

Chris Simpson Chair of Trustees

34 REVIEW OF THE YEAR 2024-2025

wec-uk.org

WEC International UK PO Box 6461 Coventry CV3 9NR

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

wec-uk.org

REVIEW OF THE YEAR 2024-2025 35

wec-uk.org