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2023-12-31-accounts

World Team UK

Registered Charity 327703

TRUSTEES REPORT AND FINANCIAL STATEMENTS

Year Ended 31 December 2023

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World Team UK

LEGAL, REFERENCE & ADMINISTRATIVE DETAILS Year Ended 31 December 2023

CONTENTS

Page Legal, Reference & Administrative Details 1-3 Trustees Annual Report & Accounts & 4-13 Independent Examiners Report

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

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

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INDEPENDENT EXAMINER

Chin Kong Tan Member of The Association of International Accountants 216 Crowborough Road Tooting, London, SW17 9QF

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World Team UK

TRUSTEE’S ANNUAL REPORT Year Ended 31 December 2023

The Trustees present their report and independent examined financial statements for the year ended 31 December 2023

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 with the appointments of two new Trustees , 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.

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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.

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:

Charitable activities

Ecclesiastes 3:1-11: There is a time for everything, and a season for every activity under the heavens.

Regular activities: meeting Foozie ( CMB who did a lay preacher course),meeting other disciples, sharing with local house of prayer, book table in Tooting, Internet Evangelism, follow up of seekers and contacts, meeting with individuals, (Julian, Nouf etc), networking, studies, maintenance work of TMP

One visitor for one week in 2023: Tabea from CH serving in Nepal

One intern from All Nations Bible College: Alex started weekly attendance from September to do his practical assignment.

Weekly activities: mums and tots, English conversation class, book table, prayer group for Boundary road, Internet evangelism,

Monthly activities: prayer with supporters. Taking part in Blessings course WT UK Prayer conference in April 2023

Home assignment in summer with talks, meeting supporters, leading services, attending church weekend and two weeks holidays.

Taking part in invest WT conference.

Weekly meetings with up to 10 disciples from Iran who took part in Al Massirah course Teaching at All Nations about MBU

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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 2023

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

The Trustees confirm that they have had regard to the Charities Commission’s guidance on public benefit.

Future

Meeting Point 155 Boundaries Road:

A budget for 2022/2023 has been prepared and it includes the cost of a proposed Community Worker Part time or Full time.

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Recruitment begun but no suitable candidate has been found and no sufficient funds has been raised.

Financial Review

During 2023, the total income was £54k (£44k-2022) an increase of £10k over last year. Unrestricted total income £39k (£31k—2022)

and designated income (The Meeting Point) income was £6k increased by £1k from last year but designated expenditure fell by 1k. Hire of premises income increased by 3k from last year.

Overall, the excess of income over expenditure for the 12 months ending 31[st] December 2023 was £14k. Therefore, the Total reserves increased by the same amount from last year.

The funding of our consultant who is now an employee contributes to the income of because World Team UK as an employer, can claim Employers National Insurance Allowance and retain the contribution to support its objectives.

Therefore, it has become prudent to build up reserves to fund future licence application costs £7k ,6k Reserve for professional charges to updating the TMP Title Deed as the previous Title Holders are deceased or not in post.

Hence the Trustees do not consider the reserves to be excessive.

Unrestricted Funds

General Funds excess Income over expenditure was £7k (4k-2022)

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 8th June 2024 and signed on their behalf by

VW. = G. Mmbago Board Chair and Trustee

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STATEMENT OF FINANCIAL AFFAIRS FOR 12 MONTHS ENDING 31ST DECEMBER 2023 STATEMENT OF FINANCIAL AFFAIRS FOR 12 MONTHS ENDING 31ST DECEMBER 2023 STATEMENT OF FINANCIAL AFFAIRS FOR 12 MONTHS ENDING 31ST DECEMBER 2023 STATEMENT OF FINANCIAL AFFAIRS FOR 12 MONTHS ENDING 31ST DECEMBER 2023
INCOME AND EXPENDITURE STATEMENT FOR 12 MONTHS TO 31ST DEC
2023
THE MEETING POINT DESIGNATED FUNDS
INCOME 2023 2022
HIRE OF PREMISES 11,579 8,845
INCOME FROM PROJECTS 570 1,574
GRANTS FROM WORLD TEA M USA
DONATIONS 2,456 1,662
GRANTS FROM WORLD TEAM CANADA 1,015
TOTAL DESIGNATED INCOME 14,605 13096
EXPENDITURE
INSURANCE 1,890 1,744
PROJECTS 930 451
BUILDING REPAIRS 245 711
UTILITIES 5,107 3,588
ADMIN EXPENSES 77 415
TOTAL DESIGNATED EXPENDITURE 8,248 6,909
EXCESS OF INCOME OVER EXPENDITURE 6,357 6,187
DESIGNATED FUNDS
(THE MEETING POINT)
UNRESTRICTED GENERAL FUNDS
SWISS MISSION 37,674 30616
FIELD WORKERS
DONATIONS FROM SOCIETIES
OTHER DONATIONS 1,550

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TOTAL UNRESTRICTED INCOME
EXPENDITURE
EMPLOYMENT COSTS
EVANGELISM & CONSULTANCY
ADMINISTRATION
TOTAL UNRESTRICTED FUNDS EXPENDITURE
EXCESS INCOME OVER EXPENDITURE
UNRESTRICTED FUNDS		 39,224 30616
31,491
240
31,730 26988
7,494 3,628
TOTAL FUNDS
EXCESS INCOME OVER EXPENDITURE
DESIGNATED FUNDS
EXCESS INCOME OVER EXPENDITURE
UNRESTRICTED FUNDS
INCREASE IN TOTAL
FUNDS		 6,357
7,494
13,850
FUNDS ANALYSIS
BALANCES AT 1ST JAN
FUNDS AT 31ST
DECEMBER
FUNDS ANALYSIS
DESIGNATED
TMP -MBU
THE MEETING POINT
UNRESTRICTED -GENERAL FUNDS
TOTAL FUNDS AS AT 31ST DEC
19,686 9,871
33,536
1,292
14,831
17,414
33,536 19686
RECONCILIATION

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INCOME
DESIGNATED
UNRESTRICTED
TOTAL INCOME ALL
FUNDS
EXPENDITURE
DESIGNATED
UNRESTRICTED
TOTAL EXPENDITURE
EXCESS OF INCOME OVER EXPEND ALL FUNDS
CASH FUNDS B/FWD 1ST JANUARY
CASH FUNDS AT END OF THE YEAR 31ST DEC		 14,605
39,224		 14,605
39,224
53,829 43712
8,248
31,730
39,978 33897
13,850 9,815
19,686
33,536 19686
1 EMPLOYEE FROM JULY 2022
EMPLOYMENT COSTS JAN2023 -31ST DEC 2023
GROSS SALARY
EMPLOYER'S NI
EMPLOYER'S NI ALLOWANCE
EMPLOYER'S PENSION CONTRIBUTION(NEST)
TOTAL EMPLOYMENT
COST		 30,000
2,885
-2,107
712.8
31,491 12266

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BALANCE SHEET AS AT BALANCE SHEET AS AT
31STDECEMBER 2023


TANGIBLE ASSETS		 2023
2022


501,490 501,490
~~——~~
~~a~~


~~a~~
CURRENT ASSETS

CURRENT LIABILITIES		 CASH AT BANK 33,536
19,686


NIL
NIL
~~pa~~

NET ASSETS

33,536
19,686


~~=~~
~~es~~
TOTAL ASSETS

 535,026 521,176




~~=~~
~~es~~
REPRESENTED BY:
GENERAL FUNDS

17,414
9,920
~~——~~


~~
DESIGNATED FUNDS MBU 1,292
1,292
~~es~~


TOTAL UNRESTRICTED AND DESIGNATED
FUNDS		 THE MEETING POINT
TOTAL UNRESTRICTED AND DESIGNATED		 14,831
8,474


33,536
19,686
~~——~~
~~


~~es~~
CAPITAL FUND 501,490 501,490

TOTAL FUNDS 535,026 521,176


Approved by the Trustees
and on 8thJune 2024 and
signed on their behalf by
G MMBAGO		 Approved by the Trustees
G MMBAGO

O16 2o|aF
aF
Chair and TRUSTEE
WORLD TEAM UK

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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.

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WORLD TEAM UK INDEPENDENT EXAMINER’S REPORT Year Ended 31[st] December 2023

To the Trustees of

WORLD TEAM UK

I report on the accounts of the World Team UK for the year ended 31 December 2023 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:

  1. examine the accounts under Section 145 (a) of the Charities Act 2011

  2. 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

  3. 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,

  1. accounting records have not been kept in accordance with Section 130 of the 2011 Act, or

  2. that the accounts presented do not accord with those records, or

  3. 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] September 2024

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