World Team UK
Registered Charity 327703
TRUSTEES REPORT AND FINANCIAL STATEMENTS
Year Ended 31 December 2022
1
World Team UK
LEGAL, REFERENCE & ADMINISTRATIVE DETAILS Year Ended 31 December 2022
CONTENTS
Page Legal, Reference & Administrative Details 1-3 Trustees Annual Report & Accounts 4-12
ADDRESS
155a Boundary Road Walthamstow London E17 8NG
TRUSTEES
The names of the trustees who served during the year and who are trustees on the date of this report are:
George Mmbago (Chair)
Jerry Moyer
Bernhard Ramseier
Liz Chang(Resigned on 25[th] February 2023)
Shirley Halm (Resigned on 24[th] January 2023)
Kenneth Brown (Resigned on 20[th] January 2023)
Volker Schnuell (appointed on 18[th] February 2022)
James Tuffin ( appointed on 10[th] June 2023)
Pastor Olawale A Akinrogunde (appointed on 10[th] June 2023)
The day-to-day administrative duties of The Meeting Point Community Centre have been delegated to and are the responsibility of the field Team Leader – Adrian Fricker under the auspices of the European Director Jerry Moyer who has assigned Volker Schnull .
BANKERS
Barclays Bank Slough High Street Slough, Berks, SL1 4SG
2
INDEPENDENT EXAMINER
Chin Kong Tan Member of The Association of International Accountants 216 Crowborough Road Tooting, London, SW17 9QF
3
World Team UK
TRUSTEE’S ANNUAL REPORT Year Ended 31 December 2022
The Trustees present their report and independent examined financial statements for the year ended 31 December 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
World Team is a registered charity no 327703 governed by the Declaration of Trust dated 6[th] January 1988 in the name of World Team UK
World Team UK is connected to World Team Global in Warrington Pennsylvania USA.
1431 Stuckert Avenue, Warrington PA, 18976-2851 Phone + (215) 491 4910 WT-USA @worldteam.org US.worldteam.org
Aims and objectives.
The stated aims and objectives of World Team are to promote the advancement of Christian religion by communication of the good news of Jesus Christ and by the instruction of Christian life and service. Promote better understanding in the community.
Organisation
World Team is structurally headed by trustees who meet annually. The day-to-day management of World Team UK is delegated to the field workers who meet regularly. Major decisions are taken to a duly convened Board members meeting. All but one field members are on voluntary basis and must raise their own support from local and sending churches.
Appointment of Trustees
The declaration of Trust allows for a minimum of 5 and not more than 19 of Trustees who are appointed by the board at Board meetings are satisfactory after satisfactory scrutiny and adherence to the letter and spirit of the Charities Commission recommendations and World Team Statement of faith.
Trustees and Training
We are delighted that Jerry Moyer and Volker Schnuell have been appointed as Trustees on 18[th] February 2022 followed the appointments of Pastor Wale and James Tuffin on 10[th] June 2023.
Trustees are always appointed from those who know the World Team in depth, are known to be concerned for its wellbeing and are men of integrity who are regarded by those who vote for them as having the attributes necessary to serve as Trustees.
At Trustees' meetings, issues which seek to clarify and equip Trustees for the task which they u1ndertake are dealt with on a regular basis, together with advice concerning the availability of publications designed to assist.
4
Governance and Internal Controls
Under the Charities Act 2011, the trustees are required to prepare financial statements for each financial year which gives a true and fair view of the state of accounts of World Team UK. In preparing those financial statements the trustees have.
-
1) Selected suitable accounting policies and apply them consistently.
-
2) Made judgements and estimated that are reasonable and prudent.
-
3) Stated whether the applicable accounting standards have been followed, and
-
4) Prepared the financial statements on ongoing concern basis.
The Trustees have overall responsibility for ensuring the World Team UK charity has an appropriate system of internal controls, both financial and otherwise. They are also responsible for keeping proper accounting records which disclose (with reasonable accuracy at any time) the financial position of the Charity and ensure that such accounts and records comply with the Charities Act 2011.
The Trustees also have a responsibility to safeguard the assets of the Charity and take reasonable steps to detect fraud and other irregularities and to provide reasonable assurance that:
-
1) The Charity is operating efficiently and effectively,
-
2) Its assets are safeguarded against unauthorised use or disposition,
-
3) Financial information used within the Charity or for publication is reliable, and
-
4) The Charity complies with current legislation.
Charitable activities
The main areas of charitable activity are the provision of community outreach, prayer, discipleship, church planting and training.
Positive developments continued to be made during in 2022.
Social media such as WhatsApp and website continue to generate some viewing of outreach materials with positive feedback.
World Team UK have no licence to invite workers into UK and as such have no non- UK workers.
The Trustees have kept the situation under review and will explore re applying.
Public Benefit
Meeting for Better Understanding between communities continue to be pursued. The Meeting Point (TMP) Community Centre offers regular English Language Classes (free for Asylum Seekers who have to wait for six months until they can enrol in government sponsored language classes at local colleges), Mums and Todd's groups and Men’s groups during school term times. Furthermore, the TMP offers its facilities for hire to the local community to celebrate birthday and wedding parties, to hold wakes after funerals and as a polling station when elections are held.
The Trustees have a responsibility to safeguard the assets and liabilities of World Team UK
5
Future
Meeting Point 155 Boundaries Road:
-
Seeking funding for a Project worker and refurbishments.
-
Seeking partnerships with other similar Charities in achieving the Charity’s objectives.
-
More programmes to reach out to the community.
-
Praying for a big vision of The Meeting Point in achieving the Charity’s objectives.
-
Future objective is for The Meeting Point to be able to generate sufficient income from hire of premises to local Worship Groups on Weekends.
-
To pursue avenues to find accommodation for the existing premises caretakers as appropriate and as sensitively in accordance with the Charity Governance Document.
-
To pursue possibilities of regaining License to enable to recruit workers from outside UK and EU.
-
To invite interns from EU on a short- term basis to see the work at The Meeting Point and praying that they catch the vision.
A budget for 2022/2023 has been prepared and it includes the cost of a proposed Community Worker Part time or Full time.
Recruitment begun but no suitable candidate has been found and no sufficient funds has been raised.
Financial Review
During 2022, the total income was £44k (£36k-2021) an increase of £8k over last year. Unrestricted total income was about the same level as last year at £31k and designated income (The Meeting Point) increased by £8k mainly due to hire of premises in 2022 as due the pandemic restrictions there was little hire of premises income in 2021.
Total Expenditure decreased by £1k in effect it was about the same level at to £34k (£35k-2021)
The increase is mainly due to more income in 2022 from hire of premises, extra funding for our consultant who became an employee in July 2022 but his pay increase begun in January 2023.
Therefore, £3k has been held to fund the pay increase 1n 2023, £2.5k has also been put to reserves to fund future licence application costs and £4k to reserves for building repairs.
Hence the Trustees do not consider the reserves to be excessive.
The Meeting Point excess income over expenditure was £6.9k. This does not include the consultancy costs and employment costs of the current field worker.
6
The grants received from Canada £1k contributed towards the surplus.
Unrestricted Funds
General Funds excess Income over expenditure was £1.6k (1.9k-2021)
The Future:
With much prayer and supplication, the Trustees continue to seek to reach out to the Community around The Meeting Point and beyond.
Approval
This report has been prepared in accordance with Accounting and Reporting by Charities (FRS102 issued 16th July 2014).
This report was approved by the Trustees on 16th September 2023 and signed on their behalf by
G. Mmbago Board Chair and Trustee
WORLD TEAM UK STATEMENT OF FINANCIAL AFFAIRS FOR THE YEAR ENDED 31ST DECEMBER 2022
BALANCE SHEET AS AT 31ST DECEMBER 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| TANGIBLE ASSETS | 501,490 | 501,490 | ||
| CURRENT ASSETS | CASH AT BANK | 19,686 | 9,871 | |
| CURRENT LIABILITIES | NIL | NIL | ||
| NET ASSETS | 19,686 | 9,871 | ||
7
| TOTAL ASSETS REPRESENTED BY: GENERAL FUNDS DESIGNATED FUNDS MBU THE MEETING POINT TOTAL UNRESTRICTED AND DESIGNATED FUNDS CAPITAL FUND TOTAL FUNDS Approved by the Trustees and on 16thSeptember 2023 and signed on their behalf by G MMBAGO Chair and TRUSTEE WORLD TEAM UK |
521,176 | 511,361 |
|---|---|---|
| 9,920 | 6,292 | |
| 1,292 | 1,292 | |
| 8,474 | 2,287 | |
| 19,686 | 9,871 | |
| 501,490 | 501,490 | |
| 521,176 | 511,361 | |
| INCOME AND EXPENDITURE STATEMENT FOR 12 MONTHS TO | INCOME AND EXPENDITURE STATEMENT FOR 12 MONTHS TO | 31ST DEC | 31ST DEC | |
|---|---|---|---|---|
| 2022 | ||||
| DESIGNATED | ||||
| FUNDS | ||||
INCOME |
2022 | 2021 | ||
HIRE OF PREMISES |
8,845 | 1,392 | ||
| INCOME FROM PROJECTS | 1,574 | 1,047 | ||
| GRANTS FROM WORLD TEAM USA | 2,730 | |||
| DONATIONS | 1,662 | |||
| GRANTS FROM WORLD TEAM CANADA |
1,015 | |||
| TOTAL DESIGNATED INCOME | 13,096 | 5,169 | ||
EXPENDITURE |
8
| INSURANCE PROJECTS BUILDING REPAIRS UTILITIES DBS CHECKS ADMIN EXPENSES PREMISES CARE KITCHEN PROJECT TOTAL DESIGNATED EXPENDITURE EXCESS OF INCOME OVER EXPENDITURE DESIGNATED FUNDS |
1,744 1,586 451 263 711 539 3,588 2,998 18 415 166 6,909 5,570 6,187 (401) |
1,744 1,586 451 263 711 539 3,588 2,998 18 415 166 6,909 5,570 6,187 (401) |
|---|---|---|
| UNRESTRICTED GENERAL FUNDS SWISS MISSION 30,616 26,982 FIELD WORKERS 800 DONATIONS FROM SOCIETIES 2,430 OTHER DONATIONS 1,152 TOTAL UNRESTRICTED INCOME 30,616 31,364 EXPENDITURE FIELD WORKERS SUPPORT 2,430 EMPLOYMENT COSTS 12,266 EVANGELISM & CONSULTANCY 14,722 26,976 TOTAL UNRESTRICTED FUNDS EXPENDITURE 26,988 29,406 EXCESS INCOME OVER EXPENDITURE UNRESTRICTED FUNDS 3,628 1,958 |
||
| TOTAL FUNDS EXCESS INCOME OVER EXPENDITURE DESIGNATED FUNDS 6,187 (401) EXCESS INCOME OVER |
9
| EXPENDITURE UNRESTRICTED FUNDS INCREASE IN TOTAL FUNDS |
3,628 1,958 9,815 1,557 |
3,628 1,958 9,815 1,557 |
|---|---|---|
FUNDS ANALYSIS BALANCES AT 1ST JAN FUNDS AT 31ST DECEMBER FUNDS ANALYSIS DESIGNATED MBU THE MEETING POINT UNRESTRICTED -GENERAL FUNDS TOTAL FUNDS AS AT 31ST DEC |
9,871 8,314 19,686 9,871 1,292 1,292 8,474 2,287 9,920 6,292 19,686 9,871 |
|
| RECONCILIATION INCOME DESIGNATED 13,096 UNRESTRICTED 30,616 TOTAL INCOME ALL FUNDS 43,712 EXPENDITURE DESIGNATED 6,909 UNRESTRICTED 26,988 TOTAL EXPENDITURE 33,897 EXCESS OF INCOME OVER EXPEND ALL FUNDS 9,815 |
5,169 31,364 36,533 5,570 29,406 34,976 1,557 |
10
CASH FUNDS B/FWD 1ST JANUARY
9,871 8,314
CASH FUNDS AT END OF THE YEAR 31ST DEC 19,686 9,871
1 EMPLOYEE FROM JULY 2022
| 1 EMPLOYEE FROM JULY 2022 | ||||
|---|---|---|---|---|
| EMPLOYMENT COSTS | 19,686 | 0 | ||
| GROSS SALARY | 12,000 | 0 | ||
| EMPLOYER'S NI | 1,090 | 0 | ||
| EMPLOYER'S NI ALLOWANCE | (1,090) | 0 | ||
| EMPLOYER'S PENSION CONTRIBUTION(NEST) | 266 | 0 | ||
| TOTAL EMPLOYMENT COST | 12,266 | 0 | ||
11
NOTES TO THE FINANCIAL STATEMENTS
Accounting policies The accounts have been prepared under the historical cost convention, in accordance with the Statement of Recommended Practice: Accounting & Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) The charity has taken advantage of the exemption conferred by the SORP (FRS 102) from the requirement to produce a cash flow statement on the grounds of its size. The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year.
(a) Incoming resources Voluntary income received by way of donations and gifts is included in full in the Statement of Financial Activities when received, including gifts in kind that are capable of valuation. Donations are accounted for when received. The Charity is not registered for Gift Aid.
(b) Resources expended Resources expended are charged in the accounts in the period in which they are incurred. These are allocated to the following headings and include attributable VAT which cannot be recovered: -Charitable activities comprises all expenditure that directly related to the objects of the charity. Transfers between funds are made by the trustees as appropriate.
(c) Fund structure Expenditure which meets certain criteria is identified to the relevant fund. General unrestricted funds represent donations and other income received or generated for the objects of the Charity without further specified purpose and are available as general funds. The following funds are classed as General: The General Fund —for church running costs and allocation to designated funds Designated unrestricted funds are those which have been allocated by the Trustees for identifiable future expenditure. The following funds are classed as Designated: Meetings of Better Understanding Fund and Meeting Point Outreach.
Tangible Assets: 155 Boundaries Road (The Meeting Point) valuation is based on Insured Value: £501,490 and no depreciation is charged to the accounts. The asset is freehold without liens.
12
World Team UK
Registered Charity 327703
TRUSTEES REPORT AND FINANCIAL STATEMENTS
Year Ended 31 December 2022
1
World Team UK
LEGAL, REFERENCE & ADMINISTRATIVE DETAILS Year Ended 31 December 2022
CONTENTS
Page Legal, Reference & Administrative Details 1-3 Trustees Annual Report & Accounts 4-12
ADDRESS
155a Boundary Road Walthamstow London E17 8NG
TRUSTEES
The names of the trustees who served during the year and who are trustees on the date of this report are:
George Mmbago (Chair)
Jerry Moyer
Bernhard Ramseier
Liz Chang(Resigned on 25[th] February 2023)
Shirley Halm (Resigned on 24[th] January 2023)
Kenneth Brown (Resigned on 20[th] January 2023)
Volker Schnuell (appointed on 18[th] February 2022)
James Tuffin ( appointed on 10[th] June 2023)
Pastor Olawale A Akinrogunde (appointed on 10[th] June 2023)
The day-to-day administrative duties of The Meeting Point Community Centre have been delegated to and are the responsibility of the field Team Leader – Adrian Fricker under the auspices of the European Director Jerry Moyer who has assigned Volker Schnull .
BANKERS
Barclays Bank Slough High Street Slough, Berks, SL1 4SG
2
INDEPENDENT EXAMINER
Chin Kong Tan Member of The Association of International Accountants 216 Crowborough Road Tooting, London, SW17 9QF
3
World Team UK
TRUSTEE’S ANNUAL REPORT Year Ended 31 December 2022
The Trustees present their report and independent examined financial statements for the year ended 31 December 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
World Team is a registered charity no 327703 governed by the Declaration of Trust dated 6[th] January 1988 in the name of World Team UK
World Team UK is connected to World Team Global in Warrington Pennsylvania USA.
1431 Stuckert Avenue, Warrington PA, 18976-2851 Phone + (215) 491 4910 WT-USA @worldteam.org US.worldteam.org
Aims and objectives.
The stated aims and objectives of World Team are to promote the advancement of Christian religion by communication of the good news of Jesus Christ and by the instruction of Christian life and service. Promote better understanding in the community.
Organisation
World Team is structurally headed by trustees who meet annually. The day-to-day management of World Team UK is delegated to the field workers who meet regularly. Major decisions are taken to a duly convened Board members meeting. All but one field members are on voluntary basis and must raise their own support from local and sending churches.
Appointment of Trustees
The declaration of Trust allows for a minimum of 5 and not more than 19 of Trustees who are appointed by the board at Board meetings are satisfactory after satisfactory scrutiny and adherence to the letter and spirit of the Charities Commission recommendations and World Team Statement of faith.
Trustees and Training
We are delighted that Jerry Moyer and Volker Schnuell have been appointed as Trustees on 18[th] February 2022 followed the appointments of Pastor Wale and James Tuffin on 10[th] June 2023.
Trustees are always appointed from those who know the World Team in depth, are known to be concerned for its wellbeing and are men of integrity who are regarded by those who vote for them as having the attributes necessary to serve as Trustees.
At Trustees' meetings, issues which seek to clarify and equip Trustees for the task which they u1ndertake are dealt with on a regular basis, together with advice concerning the availability of publications designed to assist.
4
Governance and Internal Controls
Under the Charities Act 2011, the trustees are required to prepare financial statements for each financial year which gives a true and fair view of the state of accounts of World Team UK. In preparing those financial statements the trustees have.
-
1) Selected suitable accounting policies and apply them consistently.
-
2) Made judgements and estimated that are reasonable and prudent.
-
3) Stated whether the applicable accounting standards have been followed, and
-
4) Prepared the financial statements on ongoing concern basis.
The Trustees have overall responsibility for ensuring the World Team UK charity has an appropriate system of internal controls, both financial and otherwise. They are also responsible for keeping proper accounting records which disclose (with reasonable accuracy at any time) the financial position of the Charity and ensure that such accounts and records comply with the Charities Act 2011.
The Trustees also have a responsibility to safeguard the assets of the Charity and take reasonable steps to detect fraud and other irregularities and to provide reasonable assurance that:
-
1) The Charity is operating efficiently and effectively,
-
2) Its assets are safeguarded against unauthorised use or disposition,
-
3) Financial information used within the Charity or for publication is reliable, and
-
4) The Charity complies with current legislation.
Charitable activities
The main areas of charitable activity are the provision of community outreach, prayer, discipleship, church planting and training.
Positive developments continued to be made during in 2022.
Social media such as WhatsApp and website continue to generate some viewing of outreach materials with positive feedback.
World Team UK have no licence to invite workers into UK and as such have no non- UK workers.
The Trustees have kept the situation under review and will explore re applying.
Public Benefit
Meeting for Better Understanding between communities continue to be pursued. The Meeting Point (TMP) Community Centre offers regular English Language Classes (free for Asylum Seekers who have to wait for six months until they can enrol in government sponsored language classes at local colleges), Mums and Todd's groups and Men’s groups during school term times. Furthermore, the TMP offers its facilities for hire to the local community to celebrate birthday and wedding parties, to hold wakes after funerals and as a polling station when elections are held.
The Trustees have a responsibility to safeguard the assets and liabilities of World Team UK
5
Future
Meeting Point 155 Boundaries Road:
-
Seeking funding for a Project worker and refurbishments.
-
Seeking partnerships with other similar Charities in achieving the Charity’s objectives.
-
More programmes to reach out to the community.
-
Praying for a big vision of The Meeting Point in achieving the Charity’s objectives.
-
Future objective is for The Meeting Point to be able to generate sufficient income from hire of premises to local Worship Groups on Weekends.
-
To pursue avenues to find accommodation for the existing premises caretakers as appropriate and as sensitively in accordance with the Charity Governance Document.
-
To pursue possibilities of regaining License to enable to recruit workers from outside UK and EU.
-
To invite interns from EU on a short- term basis to see the work at The Meeting Point and praying that they catch the vision.
A budget for 2022/2023 has been prepared and it includes the cost of a proposed Community Worker Part time or Full time.
Recruitment begun but no suitable candidate has been found and no sufficient funds has been raised.
Financial Review
During 2022, the total income was £44k (£36k-2021) an increase of £8k over last year. Unrestricted total income was about the same level as last year at £31k and designated income (The Meeting Point) increased by £8k mainly due to hire of premises in 2022 as due the pandemic restrictions there was little hire of premises income in 2021.
Total Expenditure decreased by £1k in effect it was about the same level at to £34k (£35k-2021)
The increase is mainly due to more income in 2022 from hire of premises, extra funding for our consultant who became an employee in July 2022 but his pay increase begun in January 2023.
Therefore, £3k has been held to fund the pay increase 1n 2023, £2.5k has also been put to reserves to fund future licence application costs and £4k to reserves for building repairs.
Hence the Trustees do not consider the reserves to be excessive.
The Meeting Point excess income over expenditure was £6.9k. This does not include the consultancy costs and employment costs of the current field worker.
6
The grants received from Canada £1k contributed towards the surplus.
Unrestricted Funds
General Funds excess Income over expenditure was £1.6k (1.9k-2021)
The Future:
With much prayer and supplication, the Trustees continue to seek to reach out to the Community around The Meeting Point and beyond.
Approval
This report has been prepared in accordance with Accounting and Reporting by Charities (FRS102 issued 16th July 2014).
This report was approved by the Trustees on 16th September 2023 and signed on their behalf by
G. Mmbago Board Chair and Trustee
WORLD TEAM UK STATEMENT OF FINANCIAL AFFAIRS FOR THE YEAR ENDED 31ST DECEMBER 2022
BALANCE SHEET AS AT 31ST DECEMBER 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| TANGIBLE ASSETS | 501,490 | 501,490 | ||
| CURRENT ASSETS | CASH AT BANK | 19,686 | 9,871 | |
| CURRENT LIABILITIES | NIL | NIL | ||
| NET ASSETS | 19,686 | 9,871 | ||
7
| TOTAL ASSETS REPRESENTED BY: GENERAL FUNDS DESIGNATED FUNDS MBU THE MEETING POINT TOTAL UNRESTRICTED AND DESIGNATED FUNDS CAPITAL FUND TOTAL FUNDS Approved by the Trustees and on 16thSeptember 2023 and signed on their behalf by G MMBAGO Chair and TRUSTEE WORLD TEAM UK |
521,176 | 511,361 |
|---|---|---|
| 9,920 | 6,292 | |
| 1,292 | 1,292 | |
| 8,474 | 2,287 | |
| 19,686 | 9,871 | |
| 501,490 | 501,490 | |
| 521,176 | 511,361 | |
| INCOME AND EXPENDITURE STATEMENT FOR 12 MONTHS TO | INCOME AND EXPENDITURE STATEMENT FOR 12 MONTHS TO | 31ST DEC | 31ST DEC | |
|---|---|---|---|---|
| 2022 | ||||
| DESIGNATED | ||||
| FUNDS | ||||
INCOME |
2022 | 2021 | ||
HIRE OF PREMISES |
8,845 | 1,392 | ||
| INCOME FROM PROJECTS | 1,574 | 1,047 | ||
| GRANTS FROM WORLD TEAM USA | 2,730 | |||
| DONATIONS | 1,662 | |||
| GRANTS FROM WORLD TEAM CANADA |
1,015 | |||
| TOTAL DESIGNATED INCOME | 13,096 | 5,169 | ||
EXPENDITURE |
8
| INSURANCE PROJECTS BUILDING REPAIRS UTILITIES DBS CHECKS ADMIN EXPENSES PREMISES CARE KITCHEN PROJECT TOTAL DESIGNATED EXPENDITURE EXCESS OF INCOME OVER EXPENDITURE DESIGNATED FUNDS |
1,744 1,586 451 263 711 539 3,588 2,998 18 415 166 6,909 5,570 6,187 (401) |
1,744 1,586 451 263 711 539 3,588 2,998 18 415 166 6,909 5,570 6,187 (401) |
|---|---|---|
| UNRESTRICTED GENERAL FUNDS SWISS MISSION 30,616 26,982 FIELD WORKERS 800 DONATIONS FROM SOCIETIES 2,430 OTHER DONATIONS 1,152 TOTAL UNRESTRICTED INCOME 30,616 31,364 EXPENDITURE FIELD WORKERS SUPPORT 2,430 EMPLOYMENT COSTS 12,266 EVANGELISM & CONSULTANCY 14,722 26,976 TOTAL UNRESTRICTED FUNDS EXPENDITURE 26,988 29,406 EXCESS INCOME OVER EXPENDITURE UNRESTRICTED FUNDS 3,628 1,958 |
||
| TOTAL FUNDS EXCESS INCOME OVER EXPENDITURE DESIGNATED FUNDS 6,187 (401) EXCESS INCOME OVER |
9
| EXPENDITURE UNRESTRICTED FUNDS INCREASE IN TOTAL FUNDS |
3,628 1,958 9,815 1,557 |
3,628 1,958 9,815 1,557 |
|---|---|---|
FUNDS ANALYSIS BALANCES AT 1ST JAN FUNDS AT 31ST DECEMBER FUNDS ANALYSIS DESIGNATED MBU THE MEETING POINT UNRESTRICTED -GENERAL FUNDS TOTAL FUNDS AS AT 31ST DEC |
9,871 8,314 19,686 9,871 1,292 1,292 8,474 2,287 9,920 6,292 19,686 9,871 |
|
| RECONCILIATION INCOME DESIGNATED 13,096 UNRESTRICTED 30,616 TOTAL INCOME ALL FUNDS 43,712 EXPENDITURE DESIGNATED 6,909 UNRESTRICTED 26,988 TOTAL EXPENDITURE 33,897 EXCESS OF INCOME OVER EXPEND ALL FUNDS 9,815 |
5,169 31,364 36,533 5,570 29,406 34,976 1,557 |
10
CASH FUNDS B/FWD 1ST JANUARY
9,871 8,314
CASH FUNDS AT END OF THE YEAR 31ST DEC 19,686 9,871
1 EMPLOYEE FROM JULY 2022
| 1 EMPLOYEE FROM JULY 2022 | ||||
|---|---|---|---|---|
| EMPLOYMENT COSTS | 19,686 | 0 | ||
| GROSS SALARY | 12,000 | 0 | ||
| EMPLOYER'S NI | 1,090 | 0 | ||
| EMPLOYER'S NI ALLOWANCE | (1,090) | 0 | ||
| EMPLOYER'S PENSION CONTRIBUTION(NEST) | 266 | 0 | ||
| TOTAL EMPLOYMENT COST | 12,266 | 0 | ||
11
NOTES TO THE FINANCIAL STATEMENTS
Accounting policies The accounts have been prepared under the historical cost convention, in accordance with the Statement of Recommended Practice: Accounting & Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) The charity has taken advantage of the exemption conferred by the SORP (FRS 102) from the requirement to produce a cash flow statement on the grounds of its size. The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year.
(a) Incoming resources Voluntary income received by way of donations and gifts is included in full in the Statement of Financial Activities when received, including gifts in kind that are capable of valuation. Donations are accounted for when received. The Charity is not registered for Gift Aid.
(b) Resources expended Resources expended are charged in the accounts in the period in which they are incurred. These are allocated to the following headings and include attributable VAT which cannot be recovered: -Charitable activities comprises all expenditure that directly related to the objects of the charity. Transfers between funds are made by the trustees as appropriate.
(c) Fund structure Expenditure which meets certain criteria is identified to the relevant fund. General unrestricted funds represent donations and other income received or generated for the objects of the Charity without further specified purpose and are available as general funds. The following funds are classed as General: The General Fund —for church running costs and allocation to designated funds Designated unrestricted funds are those which have been allocated by the Trustees for identifiable future expenditure. The following funds are classed as Designated: Meetings of Better Understanding Fund and Meeting Point Outreach.
Tangible Assets: 155 Boundaries Road (The Meeting Point) valuation is based on Insured Value: £501,490 and no depreciation is charged to the accounts. The asset is freehold without liens.
12
WORLD TEAM UK INDEPENDENT EXAMINER’S REPORT Year Ended 31 December 2022
To the Trustees of
WORLD TEAM UK
I report on the accounts of the World Team UK for the year ended 31 December 2022 set out on the attached SOFA which have been prepared on the basis on the accounting policies stated on SOFA.
Respective responsibilities of trustees and examiner
The trustees of the World Team UK are responsible for the preparation of the accounts, they consider that the audit requirement under Section 144(2) of the Charities Act 2011 does not apply and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under Section 145 (a) of the Charities Act 2011
-
follow the procedures laid down in the General Directions given by the Charity Commission made under Section 145 (5)(b) of the Charities Act 2011
-
state whether particular matters have come to my attention
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the General Directions by the Charity Commission. An examination includes a review of the accounting records kept by the World Team UK and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any 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
The Charity’s gross income is less than £250,000 and I am qualified to undertake the examination
.
Independent Examiner’s Report
Based on my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect,
-
accounting records have not been kept in accordance with Section 130 of the 2011 Act, or
-
that the accounts presented do not accord with those records, or
-
that the accounts do not comply with the accounting requirement of the 2011 Act or are not consistent with the Charities SORP (FRS102).
No matter has come to my attention in connection with my examination to which in my opinion attention should be drawn to enable a proper understanding of the accounts to be reached.
Chin Kong Tan
Member of The Association of International Accountants
---------------------------------------216 Crowborough Road Tooting, London, SW17 9QF
Date 4[th] October 2023