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2024-12-31-accounts

World Team UK Registered Charity 327703

TRUSTEES REPORT AND FINANCIAL STATEMENTS

Year Ended 31 December 2024

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World Team UK

LEGAL, REFERENCE & ADMINSTRATIVE DETAILS Year Ended 31 December 2024

CONTENTS

Page Legal, Reference & Administrative Details 1-3 Trustee Annual Report & Accounts 4-11 Independent Examiners Report 13

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

Volker Schnuell

Pastor Wale Akinrogunde

Berhhard Ramseir

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 Volker Schunell and Jerry Moyer, the European Director.

BANKERS

Barclays Bank Slough High Street Slough, Berks SL1 4SG

INDENDENT EXAMINER

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

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World Team UK

TRUSTEES ANNUAL REPORT Year Ended 31 December 2024

The Trustees present their report and independent examined financial statements for the year ended 31 December 2024

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 Work 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 member 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 five and not more than nineteen Trustees who are appointment at Board meetings after satisfactory scrutiny and adherence to the letter and spirit of the Charities Commission recommendations and World Statement of faith

Trustees and Training

Trustees are appointed form those who know World Team well and are concerned for its wellbeing. They are people of integrity who are regarded by those who vote for them as having the attributes necessary to serve as Trustees.

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At Trustees’ meetings, issues which seek to clarify and equip Trustees for the task which they undertake are dealt with on a regular basis, together with advice concerning the availability of publications designed to assist to understand Trustees responsibilities.

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:

Youth Clubs Mothers and Toddlers meetings English Language Classes Special Events Meetings of Better Understanding Sharing with local house of prayer Book Table Internet Evangelism Weekly meetings with 10 disciples from Iran who took the Al Masirah course .

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Open place where ideas can be shared honestly and freely, discussions and enjoyed and questions asked.

During the year 2024 World Team facilitated two interns from All Nations Bible College attended weekly to do their practical assignments on reaching out to communities.

World Team UK field worker took part in the Diaspora People Europe in Germany in September 2024

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 Toddlers 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 Boundary Road:

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Financial Review

During 2024, the total income was £51k (£53k-2023) decrease of £2k compared with last year.

Unrestricted total income £37k (£39k-2023)

And designated income (The Meeting Point) income was about the same as last year at £14k.

But designated expenditure fell by £1k. Hire of premises income remined the same as last year at £12k

Overall, the excess of income over expenditure for the 12 months ending 31[st] December 2024 was £10k. Therefore, the Total reserves increased by the same amount from last year.

Unrestricted Funds

General Funds excess Income over expenditure was £7k (74k-2023)

The Future:

With much prayer and supplication, the Trustees continue to seek to reach our to the Community around The Meeting Point and beyond.

To focus on good governance and make an application for a Certificate of Sponsorship so that a candidate can be sought from our global organisation World Team USA to come to promote the mission at The Meeting Point in London.

Approval

This report has been prepared in accordance with Accounting and Reporting by Charities (FRS102 issued 16[th ] July 2014)

This report was approved by the Trustees on 7[th] June 2024 and signed on their behalf by

G. Mmbago Board Chair and Trustee

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STATEMENT OF FINANCIAL AFFAIRS FOR 12 MONTHS ENDING 31[ST] DECEMBER 2024

INCOME AND EXPENDITURE STATEMENT FOR 12 MONTHS TO 31[ST] DEC 2024

THE MEETING POINT
INCOME
HIRE OF PREMISES
INCOME FROM PROJECTS
DONATIONS
TOTAL DESIGNATED INCOME
EXPENDITURE
INSURANCE
PROJECTS
BUILDING REPAIRS
UTILITIES
ADMIN EXPENSES
TOTAL DESIGNATED EXPENDITURE
EXCESS OF INCOME OVER
EXPENDITURE DESIGNATED FUNDS
( THE MEETING POINT)		 DESIGNATED FUNDS
2024
2023
12,089
11,179
730
570
1,482
2,456
14,301
14,605
1,956
1,890
461
930
245
4,758
5,107
77
7,175
8,248
7,126
6,317
UNRESTRICTED
SWISS MISSION
FIELD WORKERS
DONATIONS FROM SOCIETIES
OTHER DONATIONS
TOTAL UNRESTRICTED INCOME		 GENERAL FUNDS
35,514
37,674
1,670
1550
37,184
39,224

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EXPENDITURE
EMPLOYMENT COSTS
PROFESSIONAL CHARGES
ADMINISTRATION
TOTAL UNRESTRICTED FUNDS
EXPENDITURE
EXCESS INCOME OVER EXPENDITURE
UNRESTRICTED FUNDS		 30,957
12,266
2,400
553
240
33,910
31,370
3,274
7,494
TOTAL FUNDS
EXCESS INCOME OVER EXPENDITURE
DESIGNATED FUNDS
EXCESS INCOME OVER EXPENDITURE
UNRESTRICTED FUNDS
INCREASE IN TOTAL FUNDS
FUNDS ANALYSIS BALANCES AT 1ST
JAN
FUNDS AT 31STDECEMBER
FUNDS ANALYSIS DESIGNATED TMP-
MBU
THE MEETING POINT
UNRESTRICTED GENERAL FUNDS
TOTAL FUNDS AT 31STDECEMBER		 7,126
6,357
3,274
7,494
10,400
13,850
33,536
19,686
43,936
33,536
1,292
1,292
21,957
14,831
20,687
17,414
43,936
33,536
RECONCILIATION
INCOME
DESIGNATED
UNRESTRICTED
TOTAL INCOME ALL FUNDS		 14,301
14,605
37,184
39,224
51,485
53,829

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EXPENDITURE
DESIGNATED
UNRESTRICTED
TOTAL EXPENDITURE
EXCESS OF INCOME OVER EXPEND ALL
FUNDS
CASH FUNDS B/FWD 1STJANUARY
CASH FUNDS AT END OF THE YEAR 31ST
DEC		 7,175
33,910		 8,248
31,730
41,084 39,978
10,400 13,850
33,536 19,686
43,936 33,536
EMPLOYMENT COSTS JAN 2024 – 31STDEC 2024
GROSS SALARY
30,000
EMPLOYER’S NI
2,885
EMPLOYER’S NI ALLOWANCE
(2,641)
EMPLOYER’S PENSION CONTRIBUTION
713
TOTAL EMPLOYMENT COST
30,957		 30,000
2,885
(2,107)
713
31,491

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BALANCE SHEET AS AT YEAR ENDING 31[ST] DECEMBER 2024

TANGIBLE ASSETS
BUILDING AT TMP
Boundary Road
CURRENT ASSETS
CASH AT BANK
CURRENT LIABILITIES
TOTAL NET ASSETS
REPRESENTED BY:
DESIGNATED FUNDS
TMP-MUB
THE MEETING POINT
UNRESTRICTED
GENERAL FUNDS
CAPITAL FUNDS
(PROPERTY)
(REVALUATION GAIN of
£286,470)
TOTAL FUNDS		 787,960
43,936		 501,490
33,536
NIL
831,896 535,026
1,292
21,957
20,687
787,960		 1,292
14,830
17,414
501,490
831,896 535,026

Approved by Trustees on 7[th] June 2025 and signed on their behalf by:

George Mmbago Chair World Team UK

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NOTE 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 donation 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 Find – for church running costs and allocation to designated identifiable future expenditure. The following funds are classed as Designated: Meetings of Better Understanding Fund and meeting Point Outreach.

Tangible Assets: 155A Boundary Road (The Meeting Point) valuation is based on Insured Value: £787,960 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 2024

To the Trustees of

WORLD TEAM UK

I report on the accounts of the World Team UK for the year ended 31 December 2024 set out in 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 20211 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 2011

  3. State whether particular matters have come to my attention

Basis of Independent Examiner’s Report

My examination was out in accordance with 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 explanation 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 option on the view given by the accounts

The Charity’s gross income is less that £250,000 and I am qualifies to undertake the examination

Independent Examiner’s Report

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Based on my examination, no matter has come to my attention which give me reason cause to believe that in any material respect,

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

  2. that the account 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 Internation Accountants

216 Crowborough Road London SW17 9QF

Date: 4[th] October 2025

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