_Company Registration No. 01572178 England & Wales Charity No. 283041 Scottish Charity No. SC038451_
**Word of Life Ministries UK Limited (A company limited by guarantee)**
Trustees’ Report and Financial Statements For the year ended 31 March 2025
Word of Life Ministries UK Limited
**Contents of the Financial Statements** for the year ended 31 March 2025
||Page|
|---|---|
|Report of the Trustees|1 - 4|
|Report of the Independent Examiner|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 – 14|
Word of Life Ministries UK Limited
**Report of the Trustees** for the year ended 31 March 2025
The Trustees (who are also Directors for the purpose of Company law) are pleased to present their report together with the financial statements of the company for the year to 31 March 2025.
## **Reference and administrative details**
**Registered office Place of business Bankers** 23 Windmill Avenue C/o The Fisherrow Centre CAF Bank Raunds South Street 25 Kings Hill Avenue Wellingborough Musselburgh West Malling NN9 6JX EH21 6EE ME19 4JQ
The Ministry Director and staff all work from their homes in Edinburgh, Scotland.
## **Status of Company and Governing Document**
Word of Life Ministries UK Limited (WOL UK) is a private company limited by guarantee (Number 01572178) and is a registered charity in England & Wales (Number 283041) and a registered charity in Scotland (Number SC038451), constituted under an updated Memorandum of Association dated 10 June 2004.
## **Trustees and Office Bearers**
## **Board of Trustees**
David Kunzi Chair (from 30 April 2024) Madeleine Robins Secretary Amanda Dunlop Matthew Melville Stuart Rankin John Tellis Andreas Wenzel Matthew Pitts (resigned 31 May 2025) Alex Konya (resigned 30 April 2024, Chair till that date)
## **Governance**
The Board of Trustees exist to oversee the running of the charitable company and are responsible for the strategic direction. New Trustees are appointed by the existing Trustees and serve for a term of 3 years after which they may put themselves forward for reappointment.
The day-to-day management of staff and activities is delegated to David Kunzi in his role as Ministry Director. He is employed by a mission organisation in Switzerland and seconded to WOLUK as defined in a signed agreement between the two parties.
## **Objective**
The objective of the organisation is to help create a movement of young mature disciples in local churches who love Christ and will passionately share Christ to reach their generation in the UK and beyond.
Page 1
Word of Life Ministries UK Limited
**Report of the Trustees** for the year ended 31 March 2025
## **Activities**
- The significant activities undertaken to further these aims are:
- Welcoming self-funded and vetted Interns from Word of Life USA and train them to work with local charities.
- Offering WOL reading and study materials to local churches.
- Supporting several youth groups.
- Leading certain youth events, like Nerf Parties.
- Engaging with local churched and building a trusted network with them to share needs, offer programmes and volunteer solutions.
- Building relationships with like-minded organisations country wide to learn different methods and hear different success stories to duplicate them.
- Inviting speakers to conferences to teach on positive family habits.
- Carrying out puppet shows in school assemblies, aiding those schools in meeting their religious observance requirements.
The Trustees have had regard to the Charity Commission’s guidance on public benefit.
## **Achievements and performance**
Local children’s ministries have continued to grow and increase as staff expand their network working with the youth in schools and many local churches and running Nerf Party events. The team has supported existing clubs but also begun several new offerings including a bi-weekly discipleship course with teenagers from Edinburgh and East Lothian and new SU Clubs at two Primary Schools. In March 2025, notable outreach events were arranged in schools in Dublin and Bolton with Fernando Soriano from WOL Argentina.
David Kunzi visited the USA with a focus on fundraising, recruiting new missionaries at the WOL NY mission conference, and connecting with a Christian University. He has preached at several local churches in 20242025 and a Youth conference in Germany. Priscila Kunzi started regular discipleship meetings with a group of teenagers and delivering professional counselling for teenagers.
An official installation service for David as Director of Word of Life UK was held in May 2024; this was organised as a collaboration between several local churches and many people attended, raising the profile of the ministry. David continued to work on establishing the Edinburgh and East Lothian Hub and caring for volunteer families who are based in Dublin and Bolton. Training events were organised for the existing team members (Local Ministry and Evangelism training, both of which included other churches) as well as some staff retreats.
Andris Meszaros remained on paid compassionate leave until August 2024, then gradually restarted ministry at Carrubbers Church, organising Nerf Events and running SU clubs. Anouska Meszaros stayed on compassionate leave until December 2024 and then she resigned as an employee.
The Burroughs family arrived in January 2024. Early months were spent taking time to adapt, adjust, and organise their family life as well as starting to learn more about the local area, Scottish culture and how WOL plans and runs their ministry activities. They made connections within their new community and started to become involved in their new church. Over the summer months they helped local churches in Ormiston and North Berwick to successfully run SU Holiday Clubs. In Q4 they visited Dublin to help with volunteer-organised ministry activities including Nerf Parties.
John Tellis continued to work within the team with a remit to oversee general operations and arrange regular coaching with missionaries to ensure that they are supported and on track to fulfil agreed goals for 2025. He also continued preparations to develop the planned internship program.
Page 2
Word of Life Ministries UK Limited
**Report of the Trustees** for the year ended 31 March 2025
## **Achievements and performance (continued)**
In this fiscal year there were five separate visits made by potential future missionaries and interns (three couples and two students). The ministry welcomed one intern for 3 months (February - April 2024) and received a new intern at the beginning of February 2025. They helped in a local church and Christian school. New Missionary Steven Griffith arrived in January 2025.
As planned, during the summer months staff and interns assisted with the Christian Heritage Centre (CHC) outreach projects. 8 teenagers from Scotland and Ireland were taken to the WOL Spain summer camp 2024. 14 teenagers attended the WOL Spain snow camp in February 2025.
## **Plans for 2025/2026**
In the next financial year, we anticipate another period of staff growth as additional individuals/couples join WOL UK following their exploratory visits (and visa applications, as appropriate). John will continue to work with team members to meet their agreed goals in areas of Local Church Ministry, Camps, Schools, Outreach, and Internships/Discipleship.
Our intention is to maintain existing relationships with Churches in East Lothian and Edinburgh as well as seek new ones. The organisation will continue to develop and offer the resources of Quiet Time Bible Devotionals and training for their youth leaders, as well as assisting and delivering youth camps and activities alongside these churches.
All team members will engage in some form of outreach as part of their ministry goals, including but not limited to arranging and delivering evangelistic events in East Lothian, running Nerf events at new or existing clubs and schools, one-off events around Christmas or Light Parties, and evangelism training with local churches.
In the summer staff will again accompany a group of teenagers from Scotland to attend the established WOL Spain summer camp (targeting an increased number of attendees from the UK compared to 2024). The team will seek to organise day camps in Scotland during the summer 2025 and support the running of Local Church holiday Bible Clubs in collaboration with US Mission Teams.
The ministry aims to develop more relationships with Schools in East Lothian and start three new School clubs. Steven Griffith will also begin to develop school programmes to tie into curriculum requirements and offer opportunities to share our faith. WOL will deepen partnerships with other existing Christian organisations such as Scripture Union, Lead UK, Young Life and YFC to find more opportunities to support and collaborate with them.
The team will continue working on a long-term Volunteer/Internship Programme that will allow older teens and young adults the chance to work with us for between one to two years where they can learn to be youth leaders in the UK while advancing our aims and objectives. In the short term, any confirmed volunteers and interns will continue to undertake personalised programmes, but if enough interns are available then the programme will be rolled-out from September 2026.
We plan that David Kunzi can attend various and relevant conferences around the world to promote Word of Life and recruit Workers, as well as meet missionaries who have already expressed an interest in joining WOL UK. The team will expand the reach of WOL UK by further increasing and caring for a volunteer base in other areas of the UK who would like to organise kids’ clubs, school ministries or outreach events in their localities.
## **Financial review**
## _**Results for the year**_
The financial statements for the year are set out on pages 6 to 14. The Statement of Financial Activities on page 6 reflects net expenditure of £16,303 (2024: net expenditure of £21,174). Total funds amounted to £82,008 (2024: £98,311), of which £67,653 (2024: £74,851) was unrestricted and £14,355 (2024: £23,460) was restricted. The Trustees continue to monitor the financial situation closely during these financially challenging times for the sector.
Page 3
Word of Life Ministries UK Limited
**Report of the Trustees** for the year ended 31 March 2025
## **Financial review (continued)**
## _**Reserves policy**_
The total unrestricted reserves held at 31 March 2025 amounted to £67,653 (2024: £74,851). It is the policy of the Charity to build up sufficient reserves to meet the planned expenditure requirement for the next year. This policy was met this year-end.
The policy is being kept under review by the Board to ensure it continues to adequately reflect the financial risks of the Charity during the current challenging climate.
## **Statement on risk**
The Trustees, as Directors of the Company, have a duty to identify and review the risks to which the Company is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees considered risks to which the Company may be subject and are satisfied that they have introduced procedures to mitigate the possible effects of those risks.
## **Statement of Trustees’ responsibilities**
Charity law requires the Trustees (who are also the Directors) to prepare financial statements for each financial year which give a true and fair view of the state of the Company’s affairs and of its income and expenditure, including its surplus or deficit for that year, and which have been properly prepared from and are in agreement with the accounting records of the Company and comply with relevant disclosure requirements.
In preparing those financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the Company’s financial position and enable the Trustees to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for taking such steps as are reasonably open to them to safeguard the Company’s assets and to prevent and detect fraud and other irregularities.
The report has been prepared having taken advantage of the small companies’ exemption in the Companies Act 2006.
## **On behalf of the Trustees**
## Madeleine Robins
## **Madeleine Robins**
Director
Date: 6 October 2025
Page 4
## Word of Life Ministries UK Limited
## **Report of the Independent Examiner to the Trustees** for the year ended 31 March 2025
I report on the accounts of the company for the year ended 31 March 2025 which are set out on pages 6 to 14.
## **Respective responsibilities of Trustees and examiner**
The Charity Trustees (who are also the Directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011, the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Charity Trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Charities and Trustee Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Basis of independent examiner’s statement**
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations (as amended) and the Charities Act 2011. An examination includes a review of the accounting records kept by the Company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the Directors concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent Examiner’s Statement**
In the course of my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with Section 130 of the Charities Act 2011, Section 44(1) (a) of the Charities and Trustee Investment (Scotland) Act 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and
- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended)
have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Alison Franks
## **Alison Franks**
_Director_
Cornerstone Accounting Limited Chartered Accountants
11 Erngath Road Bo’ness EH51 9DP
Date: 7 October 2025
Page 5
Word of Life Ministries UK Limited
## **Statement of Financial Activities (incorporating Income and Expenditure account)**
For the year ended 31 March 2025
|**General**
**fund**
**Notes**
**£**
**Income and endowments**
Donations and legacies
2
**40,416**
Charitable activities
3
**37,747**
Investments
4
**1,674**
**Total income and endowments**
**79,837**
**Expenditure**
Raising funds
5
**862**
Charitable activities
6
**87,822**
**Total expenditure**
**88,684**
**Net (losses)/gains on investments**
8
**2,214**
**Net (expenditure)/income**
**(6,633)**
Transfers between funds
11
**(565)**
**Net movement in funds**
**(7,198)**
Total funds brought forward
**74,851**
**Total funds carried forward**
**67,653**
**Represented by:**
General fund
11
**67,653**
Restricted funds
11
**-**
**Total funds**
**67,653**|**Restricted**
**funds**
**£**
**64,640**
**-**
**-**
**64,640**
**-**
**74,310**
**74,310**
**-**
**(9,670)**
**565**
**(9,105)**
**23,460**
**14,355**
**-**
**14,355**
**14,355**|**2025**
**Total**
**£**
**105,056**
**37,747**
**1,674**
**144,477**
**862**
**162,132**
**162,994**
**2,214**
**(16,303)**
**-**
**(16,303)**
**98,311**
**82,008**
**67,653**
**14,355**
**82,008**|General
fund
£
17,066
2,938
1,364
21,368
622
22,047
22,669
5,518
4,217
-
4,217
70,634
74,851
74,851
-
74,851|Restricted
funds
£
57,181
-
**-**
57,181
-
82,572
82,572
-
(25,391)
-
(25,391)
48,851
23,460
-
23,460
23,460|2024
Total
£
74,247
2,938
1,364
78,549
622
104,619
105,241
5,518
(21,174)
-
(21,174)
119,485
98,311
74,851
23,460
98,311|
|---|---|---|---|---|---|
The notes on pages 8 to 14 form part of these financial statements.
Page 6
Word of Life Ministries UK Limited
(Registered No: 01572178)
## **Balance sheet**
As at 31 March 2025
|**General**
**fund**
**Notes**
**£**
**Fixed assets**
Tangible assets
7
**51,149**
Investments
8
**38,698**
**Total fixed assets**
**89,847**
**Current assets**
Debtors
9
**-**
Cash at bank and in hand
**8,221**
**Total current assets**
**8,221**
**Liabilities**
Creditors: falling due within one year
10
**5,483**
**Net current assets**
**2,738**
**Total assets less current liabilities**
**92,585**
Creditors: falling due after more than one year
10
**24,932**
**Net assets**
**67,653**
**Funds of the Charity**
General fund
11
**67,653**
Restricted funds
11
**-**
**Total charity funds**
**67,653**|**Restricted**
**funds**
**£**
**-**
**-**
**-**
**726**
**16,082**
**16,808**
**2,453**
**14,355**
**14,355**
**-**
**14,355**
**-**
**14,355**
**14,355**|**2025**
**Total**
**£**
**51,149**
**38,698**
**89,847**
**726**
**24,303**
**25,029**
**7,936**
**17,093**
**106,940**
**24,932**
**82,008**
**67,653**
**14,355**
**82,008**|General
fund
£
9,349
54,832
64,181
-
16,948
16,948
1,246
15,702
79,883
-
79,883
74,851
-
74,851|Restricted
funds
£
-
18,971
18,971
1,396
-
1,396
1,939
(543)
18,428
-
18,428
-
23,460
23,460|2024
Total
£
9,349
73,803
83,152
1,396
16,948
18,344
3,185
15,159
98,311
-
98,311
74,851
23,460
98,311|
|---|---|---|---|---|---|
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The Directors acknowledge the following:
their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of the accounts; and
that the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The financial statements on pages 6 to 14 were approved by the Trustees on 6 October 2025 and signed on their behalf by:
## Madeleine Robins
__________________________
## **Madeleine Robins, Director**
The notes on pages 8 to 14 form part of these financial statements.
Page 7
## Word of Life Ministries UK Limited
**Notes to the Financial Statements** for the year ended 31 March 2025
## **1. Accounting policies**
## _**Accounting convention**_
The financial statements are prepared under the historical cost convention and in accordance with FRS 102, and in compliance with the Charities SORP 2019, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006. The principal accounting policies adopted in the preparation of the financial statements are set out below.
Word of Life Ministries UK Limited meets the definition of a public benefit entity under FRS 102.
## _**Company status**_
The charity is a private company limited by guarantee and registered in England & Wales. The members of the company are Directors named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
## _**Basis of financial statements**_
The financial statements have been prepared on an accruals basis. The Trustees consider that there are no material uncertainties so the accounts have been prepared on a going concern basis.
## _**Income and debtors**_
All income is included on the Statement of Financial Activities when the Company is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.
Debtors are valued at cost at the year-end and adjusted for any amounts considered to be irrecoverable.
## _**Expenditure and creditors**_
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. Support costs are those costs incurred directly in support of expenditure on the objects of the company.
Creditors are valued at cost at the year-end and split between amounts due in less than one year and amounts due in more than one year.
## _**Taxation**_
The Company is exempt from Corporation Tax on its charitable activities.
## _**Tangible fixed assets and depreciation**_
Tangible fixed assets over £500 are capitalised and are stated at cost less depreciation, adjusted for any diminution of value in the year. Depreciation is provided at rates calculated to write off the cost less estimated residual value, over their expected useful lives, as follows:
- Fixtures and fittings
- Motor vehicles
- Office equipment
25% reducing balance 25% reducing balance 25% reducing balance
Page 8
## Word of Life Ministries UK Limited
**Notes to the Financial Statements** for the year ended 31 March 2025
## **1. Accounting policies (continued)**
## _**Investments**_
Fixed asset investments are included in the accounts at quoted market value at the year-end. Any gains or losses arising on disposal or revaluations are included in the SOFA.
## _**Cash at bank and in hand**_
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit account.
## _**Fund accounting**_
For the purpose of the Statement of Financial Activities, funds are defined as follows:
_Unrestricted_ funds comprise income received for the objects of the company without further specified purpose and are available as general funds or are placed within designated funds which can be used for purposes in agreement with its charitable objectives.
_Restricted_ funds comprise income which has been received for the objects of the company and specified for a restricted purpose within these objects by the donor.
## _**Foreign currencies**_
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling on the transaction date.
## _**Pensions**_
The company operates a defined contribution pension scheme with NEST. The pension charge represents the amount payable by the company into the scheme in the year.
## _**Donated goods and services**_
The Charity benefited from the services of the Ministry Director who has been seconded to WOLUK from a mission organisation based in Switzerland.
- The charity has around 23 regular volunteers who carry out the following services for the charity:
- 3 Short Term Volunteers from the US to support our mission with young people (4-12 weeks each)
- 11 Mission supporters with young people
- 9 Board members
In addition, we have had 35 volunteers from the US this year who have each visited and supported the charity for 1 week each.
Page 9
Word of Life Ministries UK Limited
Notes to the financial statements For the year ended 31 March 2025
## **2. Donations and legacies**
|Donations from UK
Donations from USA
Gift aid receivable
Grants
**3. Income from charitable activities**
Mission trip income
Admin charge income
Camp income
Event income
Literature sales
**4. Investment income**
Dividend income
Interest receivable
**5. Expenditure on raising funds**
Investment management costs|**General**
**fund**
**£**
**533**
**39,883**
**-**
**-**
**40,416**
**General**
**fund**
**£**
**32,355**
**596**
**3,485**
**946**
**365**
**37,747**
**General**
**fund**
**£**
**1,543**
**131**
**1,674**
**General**
**fund**
**£**
**862**|**Restricted**
**funds**
**£**
**24,484**
**34,828**
**3,328**
**2,000**
**64,640**
**Restricted**
**funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**Restricted**
**funds**
**£**
**-**
**-**
**-**
**Restricted**
**funds**
**£**
**-**|**2025**
**Total**
**£**
**25,017**
**74,711**
**3,328**
**2,000**
**105,056**
**2025**
**Total**
**£**
**32,355**
**596**
**3,485**
**946**
**365**
**37,747**
**2025**
**Total**
**£**
**1,543**
**131**
**1,674**
**2025**
**Total**
**£**
**862**|General
fund
£
1,149
15,914
3
-
17,066
General
fund
£
980
1,001
-
365
592
2,938
General
fund
£
1,347
17
1,364
General
fund
£
622|Restricted
funds
£
25,017
28,968
3,196
-
57,181
Restricted
funds
£
-
-
-
-
-
-
Restricted
funds
£
-
-
-
Restricted
funds
£
-|2024
Total
£
26,166
44,882
3,199
-
74,247
2024
Total
£
980
1,001
-
365
592
2,938
2024
Total
£
1,347
17
1,364
2024
Total
£
622|
|---|---|---|---|---|---|---|
Page 10
## Word of Life Ministries UK Limited
Notes to the financial statements
For the year ended 31 March 2025
## **6. Expenditure on charitable activities**
|Wages and salaries
Employer pension
Other staff costs
Missionary costs
Internship expenses
Sponsorship licenses and visa costs
Camp expenses
Event expenses
Mission trip expenses
Literature costs
Small equipment purchases
Vehicle and travel expenses
Subsistence costs
Insurance costs
IT and office costs
Advertisting and promotion
Subscriptions
Depreciation
Donations to UK missionaries
Donations to overseas missionaries
Professional fees
Board expenses
Cornerstone Accounting fees:
Independent examination fee
Payroll services
Bank charges
**Total expenditure**|**General**
**fund**
**£**
**2,601**
**-**
**135**
**6,216**
**364**
**914**
**3,628**
**2,948**
**16,956**
**1,142**
**2,967**
**6,658**
**511**
**888**
**16,579**
**3,787**
**584**
**17,049**
**300**
**1,557**
**-**
**25**
**1,200**
**624**
**157**
**87,822**|**Restricted**
**funds**
**£**
**41,052**
**21,141**
**-**
**1,420**
**1,200**
**-**
**41**
**-**
**-**
**56**
**262**
**4,724**
**292**
**-**
**538**
**60**
**-**
**-**
**-**
**3,524**
**-**
**-**
**-**
**-**
**-**
**74,310**|**2025**
**Total**
**£**
**43,653**
**21,141**
**135**
**7,636**
**1,564**
**914**
**3,669**
**2,948**
**16,956**
**1,198**
**3,229**
**11,382**
**803**
**888**
**17,117**
**3,847**
**584**
**17,049**
**300**
**5,081**
**-**
**25**
**1,200**
**624**
**157**
**162,132**|General
fund
£
-
-
1,118
-
-
863
-
2,486
382
1,297
-
4,560
576
798
1,085
148
448
3,117
649
-
78
2,792
1,080
450
120
**22,047**|Restricted
funds
£
45,782
31,443
-
-
-
-
-
18
-
-
-
710
-
-
960
-
-
-
3,659
-
-
-
-
-
-
**82,572**|2024
Total
£
45,782
31,443
1,118
-
-
863
-
2,504
382
1,297
-
5,270
576
798
2,045
148
448
3,117
4,308
-
78
2,792
1,080
450
120
**104,619**|
|---|---|---|---|---|---|---|
The average number of staff employed during the year was 3 (2024: 3). No employees were paid more than £60,000. None of the staff met the definition of key management personnel.
No holiday pay was due at the year-end (2024: nil).
Page 11
Word of Life Ministries UK Limited
Notes to the financial statements
For the year ended 31 March 2025
## **7. Tangible fixed assets**
|**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**8. Investments**
**Market value**
Market value at 1 April
Additions (at cost)
Disposals (proceeds)
Dividends received and reinvested
Fees charged
Net gain/(loss) in investments
**Market value at 31 March**
**Historic cost**
Historic cost at 1 April
Additions (at cost)
Disposals (at cost)
**Historic cost at 31 March**
**Net gains/(losses) on investments comprise:**
Realised gains on disposal
Unrealised gain/(loss) on valuation
**9. Debtors**
**General**
**fund**
**£**
Gift aid recoverable
**-**
**-**|**Restricted**
**funds**
**£**
**726**
**726**|**2025**
**Total**
**£**
**726**
**726**|**Motor**
**vehicles**
**£**
17,000
58,849
75,849
9,896
16,488
26,384
**49,465**
7,104
General
fund
£
-
-|**Office**
**equipment**
3,436
-
3,436
1,191
561
1,752
**1,684**
2,245
**2025**
**Total**
**£**
**73,803**
**5,660**
**(43,660)**
**1,543**
**(862)**
**2,214**
**38,698**
**64,105**
**-**
**(38,120)**
**25,985**
**5,540**
**(3,326)**
**2,214**
Restricted
funds
£
1,396
1,396|**Total**
**£**
**20,436**
**58,849**
**79,285**
**11,087**
**17,049**
**28,136**
**51,149**
9,349
**2024**
**Total**
**£**
67,560
-
-
1,347
(622)
5,518
73,803
64,564
4,678
(5,137)
64,105
118
5,400
5,518
2024
Total
£
1,396
1,396|
|---|---|---|---|---|---|
Page 12
Word of Life Ministries UK Limited
## Notes to the financial statements
For the year ended 31 March 2025
## **10. Creditors: falling due within one year**
|**General**
**fund**
**£**
Trade creditors
**667**
Accruals and deferred income
**1,200**
Taxation and social security
**-**
Other creditors
**3,616**
**5,483**
**Creditors: falling due after more than one year**
**General**
**fund**
**£**
Other creditors
**24,932**
**24,932**
**11. Funds analysis**
**Current year**
**Balance at**
**01.04.24**
**_Unrestricted funds_**
**£**
General fund
**74,851**
**Total unrestricted funds**
**74,851**
**_Restricted funds_**
Internship programme fund
**-**
UK (Meszaros) fund
**22,892**
UK (Burroughs) fund
**(18)**
UK (Bardelli fund)
**-**
UK (Griffith) fund
**-**
UK (Tellis) fund
**-**
Hungary (Csikos Gabor) fund
**7**
Hungary (Rakossy Monika) fund
**10**
Serbia (Vika Darko) fund
**(17)**
Argentina (Lorenzen Casper) fund
**586**
**Total restricted funds**
**23,460**|**Restricted**
**2025**
**funds**
**Total**
**£**
**£**
**-**
**667**
**-**
**1,200**
**2,453**
**2,453**
**-**
**3,616**
**2,453**
**7,936**
**Restricted**
**2025**
**funds**
**Total**
**£**
**£**
**-**
**24,932**
**-**
**24,932**
**Income Expenditure**
**£**
**£**
**79,837**
**(88,684)**
**79,837**
**(88,684)**
**2,000**
**(1,200)**
**47,951**
**(63,207)**
**10,576**
**(5,216)**
**460**
**(357)**
**556**
**(946)**
**282**
**(217)**
**396**
**(420)**
**480**
**(511)**
**-**
**(120)**
**1,939**
**(2,116)**
**64,640**
**(74,310)**|General
fund
£
46
1,200
-
-
1,246
General
fund
£
-
-
**Investm't**
**gains**
**£**
**2,214**
**2,214**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|Restricted
funds
£
-
-
1,939
-
1,939
Restricted
funds
£
-
-
**Transfers**
**£**
**(565)**
**(565)**
**-**
**-**
**-**
**-**
**390**
**-**
**17**
**21**
**137**
**-**
**565**|2024
Total
£
46
1,200
1,939
-
3,185
2024
Total
£
-
-
**Balance at**
**31.3.25**
**£**
**67,653**
**67,653**
**800**
**7,636**
**5,342**
**103**
**-**
**65**
**-**
**-**
**-**
**409**
**14,355**|
|---|---|---|---|---|
**See overleaf for explanation of funds**
Page 13
Word of Life Ministries UK Limited
Notes to the financial statements
For the year ended 31 March 2025
## **11. Funds analysis (continued)**
## _**Prior year**_
|_Unrestricted funds_
_General fund_
_Total unrestricted funds_
_Restricted funds_
_UK (Meszaros) fund_
_UK (Burroughs) fund_
_Hungary (Csikos Gabor) fund_
_Hungary (Rakossy Monika) fund_
_Serbia (Vika Darko) fund_
_Argentina (Lorenzen Casper) fund_
_Total restricted funds_|_Balance at_
_1.4.23_
_£_
_70,634_
_70,634_
_48,497_
_-_
_219_
_-_
_135_
_-_
_48,851_|_Income Expenditure_
_£_
_£_
_21,368_
_(22,669)_
_21,368_
_(22,669)_
_53,290_
_(78,895)_
_-_
_(18)_
_396_
_(488)_
_480_
_(590)_
_482_
_(634)_
_2,533_
_(1,947)_
_57,181_
_(82,572)_|_Investm't_
_gains_
_£_
_5,518_
_5,518_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|_Transfers_
_£_
_-_
_-_
_-_
_-_
_(120)_
_120_
_-_
_-_
_-_|_Balance at_
_31.3.24_
_£_
_74,851_
_74,851_
_22,892_
_(18)_
_7_
_10_
_(17)_
_586_
_23,460_|
|---|---|---|---|---|---|
## _**Explanation of funds**_
The _General fund_ represents all income and expenditure relating to the primary focus activities of the charity, other than those for which funding is restricted.
The _Internship programme fund_ represents funding received and utilised to develop an internship programme for the charity.
The _Missionary restricted funds_ represents funds raised to cover salaries and missionary work in the countries named. The transfers are to split a combined fund between individual missionaries.
## **12. Defined contribution pensions**
The Company operates a defined contribution plan for its staff with NEST. The total payments to the scheme are disclosed at note 6.
## **13. Directors' and other related parties' transactions**
Director, John Tellis, received £1,200 from the Charity for his work developing an internship programme and a £50 gift for being a host family. He receives restricted missionary funds from UK donors to cover his missionary expenses (see note 11). No other Director received any remuneration from the charity (2024: nil).
General expenses for meals associated with mission trips to the UK included David Kunzi and his wife. £2,856 was spent on a staff retreat at Abernethy Outdoor Centre which included David Kunzi and John Tellis along with their wives and families. Charity expenses were claimed and reimbursed to David Kunzi of £402 (2024: £420) and Andreas Wenzel of £90 (2024: nil).
No donations were received from Directors or individuals related to the Directors in the year (2024: £nil).
Faith Tellis, daughter of a Director, was paid £357 in the year for administration work carried out for the Charity. There were no other transactions with related parties during the year (2024: nil).
## **14. Liability of Members**
The company is limited by guarantee, with the liability of each member limited to £1. The members of the Company are those Trustees listed on page 1.
Page 14