2021-03-31-accounts - Word Of Life

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

Registered Charity 328492

Trustees’ Annual Report and Financial Statement for year ending 31 March 2021

Word of Life

Word of Life

Trustees’ Annual Report and Financial Statement for year ending 31 March 2021

CONTENTS
Legal and administrative details	3
Structure, governance and management	4
Aims and objectives	6
Receipts and Payments Account – CC16a	7

Word of Life

Trustees’ Annual Report and Financial Statement

for year ending 31 March 2021

The trustees present the report and financial statements for the year ending 31 March 2021.

LEGAL AND ADMINISTRATIVE DETAILS

Charity name: Word of Life Charity registration number: 328492 Date of formation: 22 January 1990 Principle office: Central House 13 Ravenhurst Street BIRMINGHAM B12 0HD Trustees Mr Peter Bull (Resigned 18 September 2020, after serving as temporary Treasurer between July and September 2020) Mr John Douglas (Elected 19 September 2020 and as trustee and Treasurer) Ms Shadi Fatehi Rev Canon Dr Philip Rawlings (Chair) Mr Kamran Tajermanshadi (Served as Treasurer until 9 July 2020) Mr David Watson

Bankers

The Charity holds bank accounts at:

The Co-operative Bank PLC, P.O. Box 101, 1 Balloon Street, Manchester M60 4EP and

CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Word of Life is a charity registered on 22 January 1990. The charity was established under a Constitution dated 8 December 1989.

Recruitment and appointment of trustees

Under the requirements of the Constitution, the trustees are elected at the Annual General Meeting. All trustees are members of the charity.

Trustee induction and training

All trustees are familiar with the practical work of the charity and are encouraged to be involved with the on-going work of the charity. They are encouraged to actively engage with its activities and are familiar with the context within which it operates, including:

The obligations of trustees
The main documents which set out the operational framework for the charity including the Constitution
Resourcing and the current financial position
Future plans and objectives

Organisational structure

The trustees meet at least four times a year (quarterly) and are responsible for the strategic direction and policy of the charity. At present there are five trustees from a variety of backgrounds all relevant to the work of the charity.

A scheme of delegation is in place. The Chair and Treasurer continue working closely with the Director (Tim Green), with whom day to day responsibility rests; the Administrator (Lindsey Stephenson); and several Track Leaders, some who are employed by the charity (Jennifer Fenton) and others on a seconded or voluntary basis (Pat Brittenden, Flora Davies, Karamat Iqbal).

The Director, Administrator and Track Leaders work closely with groups of contracted staff (Michelle Simon, Elham Khassafi) and volunteers on a regular basis, within the different projects of the charity.

Financial review

With the aid and support of supporters, volunteers and grants, the Charity raised £54,327 (2019-20 - £44,699) for the year. Gift aid has been claimed and will be received in the next financial year.

The Charity’s expenditure during 2020-21 financial year was £30,235 (2019-20 - £19,890). This was spent on the development of our projects, salary for administration, governance and administration overheads.

The surplus for the year was £24,092 (2019-20 - £24,809). This was partly due to incomplete projects because of restrictions during the COVID-19 pandemic.

As of 31 March 2021, the Charity held assets as cash in bank of £56,380 (2019-20 - £32,288).

The trustees intend to continue to support the charity’s projects, working in development of resources, training and research in the following financial year.

Principal funding sources

Funding sources are grants and gifts from supporters.

Investment Policy

All of the charity’s funds are to be applied in the short term and no funds are held for long term investment.

Reserves Policy

Word of Life holds a reserve in its bank account which will allow it to operate for a three-month period in the event of future financial difficulty. As of 31 March 2021, the charity held free reserves of £39,201 (2019-21 - £14,171). The trustees are confident that the current reserves position will allow the charity to continue operating its current activities over the next financial year.

Plans for future periods

The charity will continue to seek for grants and support through donations, in order to advance the Christian faith in accordance with its objects.

Responsibilities of the trustees

Charity Law requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its income resources and application of resources, including income and expenditure, for the financial period. In preparing those financial statements, the trustees follow best practice and:

select suitable accounting policies and then apply them consistently
make judgements and estimates that are reasonable and prudent
prepare the financial statements on the going concern basis, unless it is not appropriate to assume that the charity will continue on that basis

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with Charity Law.

The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

OUR AIMS AND OBJECTIVES

Purpose and aims

The charity’s purposes, as set out in the objects in the Constitution, are the advancement of the Christian faith in such ways as the charity trustees may from time to time decide.

The trustees do not consider that any detriment or harm would arise from this charity’s charitable purposes.

Ensuring work delivers our aims

We review our aims, objectives and activities annually. This review considers what has been achieved over the previous year, and how the charity has fulfilled its aims, while reflecting on the challenges and any disappointments. It helps the trustees to ensure that our aims, objectives and activities remain focussed on our stated purposes. This review also sets vision and targets for the following year, with reference to the guidance contained in the Charity Commission’s general guidance on public benefit.

The focus of our work

Our main objective for the period was to advance the Christian faith.

How our activities deliver public benefit

The charity develops and publishes Christian materials, in different languages, for use by new Christians in order to develop their knowledge and understanding of the Christian faith. It seeks to train people in the use of these materials and is engaged in research concerning these peoples who are new to the Christian faith.

The beneficiaries of our work have been both leaders and members of churches in the UK, Europe and around the world who have received our materials and been trained in using them. The materials we produce have been translated into a number of different languages enabling their use by people from a variety of places including South Asia, Africa, the Middle East and Europe.

Signed for and on behalf of the trustees:

…………………………………………………….… (Chair) 9/11/21 (date) ………………………………………………………. (Treasurer) 9/11/21 (date)

Word of Life

328492

CC16a

Receipts and payments accounts For the period 01/04/2020 31/03/2021 To from

Section A Receipts and payments

Unrestricted Restricted Endowmen Total Last year funds funds t funds funds to the nearest to the to the to the to the £ nearest £ nearest £ nearest £ nearest £

A1 Receipts

A1 Receipts	Unrestricted funds to the nearest £	Restricted funds to the nearest £	Endowmen t funds to the nearest £	Total funds to the nearest £	Last year to the nearest £
Donations	26,801	23,620	-	50,421	39,479
Subscriptions	-	-	-	-	-
Book Sales & Royalties	3,409	-	-	3,409	3,251
Other Income (restricted use donations)	-	-	-	-	222
Gift Aid Reclaimed	-	-	-	-	1,747
Training event donations	497	-	-	497	-
	-	-	-	-	-
*Sub total*(Gross income for AR)	30,707	23,620	-	54,327	44,699

A2 Asset and
investment sales,
(see table).
	-	-	-	-	-
*Sub total*	-	-	-	-	-

*Total receipts*	30,707	23,620	-	54,327	44,699

A3 Payments

A3 Payments
Staff Costs	4,849	14,817	-	19,666	4,456
Staff and Volunteer Expenses	108	-	-	108	1,600
Development of Christian materials	-	8,376	-	8,376	9,280
Promotion, Printing and Postage	596	1,364	-	1,960	2,222
Property Costs	-	-	-	-	-
Sundry expenditure	-	-	-	-	1,230
Office Costs	-	-	-	-	-
Governance Costs	125	-	-	125	1,102

		-	-	-	-	-
	*Sub total*
		5,678	24,557	-	30,235	19,890

A4 Asset	and
investment
purchases, (see
table)
		-	-	-	-	-
	*Sub total*
		-	-	-	-	-

*Total payments*		5,678	24,557	-	30,235	19,890

	*Net of*
*receipts/(payment*			-
	s)	25,029	937	-	24,092	24,809
A5 Transfers
between	funds		-	-	-	-
A6 Cash	funds
last year	end	14,172	18,116	-	32,288	7,479
*Cash funds this*
	*year end*	39,201	17,179	-	56,380	32,288

Section B Statement of assets and liabilities at the end of the period

Categories Details B1 Cash funds Coop Bank account CAF Bank account Paypal Account

Total cash funds

(agree balances with receipts and payments account(s))

Details

B2 Other monetary assets

Details

B3 Investment assets

d of the period
Unrestricte d funds to nearest £ 37,854 961 386 39,201 OK Unrestricte d funds to nearest £ - - Fund to which asset belongs	Restricte d funds to nearest £ 17,179 - - 17,179 OK Restricte d funds to nearest £ - - Cost (optional) -	Endowme nt funds to nearest £

		-
		-
		-
		OK
		Endowme nt funds to nearest £
		-
		-
		Current value (optional)
	-	-

B4 Assets retained for the charity’s own use B5 Liabilities Signed by one or two trustees on behalf of all the trustees	Details Details Signature	Fund to which asset belongs Cost (optional) - Fund to which liability relates Amount due (optional) - Print Name Phil Rawlings John Douglas	Current value (optional)
			-
			When due (optional)

			Date of approval
		Phil Rawlings	9/11/21
		John Douglas	9/11/21

Word of Life

328492

Receipts and payments accounts CC16a For the period 01/04/2020 31/03/2021 To from

Section A Receipts and payments

Unrestricted Restricted Endowmen Total Last year funds funds t funds funds to the nearest to the to the to the to the £ nearest £ nearest £ nearest £ nearest £

A1 Receipts

A1 Receipts	Unrestricted funds to the nearest £	Restricted funds to the nearest £	Endowmen t funds to the nearest £	Total funds to the nearest £	Last year to the nearest £
Donations	26,801	23,620	-	50,421	39,479
Subscriptions	-	-	-	-	-
Book Sales & Royalties	3,409	-	-	3,409	3,251
Other Income (restricted use donations)	-	-	-	-	222
Gift Aid Reclaimed	-	-	-	-	1,747
Training event donations	497	-	-	497	-
	-	-	-	-	-
*Sub total*(Gross income for AR)	30,707	23,620	-	54,327	44,699

A2 Asset and
investment sales,
(see table).
	-	-	-	-	-
*Sub total*	-	-	-	-	-

*Total receipts*	30,707	23,620	-	54,327	44,699

A3 Payments

A3 Payments
Staff Costs	4,849	14,817	-	19,666	4,456
Staff and Volunteer Expenses	108	-	-	108	1,600
Development of Christian materials	-	8,376	-	8,376	9,280
Promotion, Printing and Postage	596	1,364	-	1,960	2,222
Property Costs	-	-	-	-	-
Sundry expenditure	-	-	-	-	1,230
Office Costs	-	-	-	-	-
Governance Costs	125	-	-	125	1,102

	-		-		-		-		-
*Sub total*	5,678		24,557		-		30,235		19,890

A4 Asset and
investment
purchases, (see
table)
	-	-	-	-	-
*Sub total*
	-	-	-	-	-

*Total payments*	5,678	24,557	-	30,235	19,890

*Net of*
*receipts/(payment*		-
s)	25,029	937	-	24,092	24,809
A5 Transfers
between funds		-	-	-	-
A6 Cash funds
last year end	14,172	18,116	-	32,288	7,479
*Cash funds this*
*year end*	39,201	17,179	-	56,380	32,288

Section B Statement of assets and liabilities at the end of the period

Categories B1 Cash funds B2 Other monetary assets B3 Investment assets	Details Coop Bank account CAF Bank account Paypal Account *Total cash funds* (agree balances with receipts and payments account(s)) Details Details	Unrestricte d funds to nearest £ 37,854 961 386 39,201 OK Unrestricte d funds to nearest £ - - Fund to which asset belongs	Restricte d funds to nearest £ 17,179 - - 17,179 OK Restricte d funds to nearest £ - - Cost (optional) -	Endowme nt funds to nearest £

				-
				-
				-
				OK
				Endowme nt funds to nearest £
				-
				-
				Current value (optional)
			-	-

B4 Assets retained for the charity’s own use B5 Liabilities Signed by one or two trustees on behalf of all the trustees	Details Details Signature	Fund to which asset belongs Cost (optional) - Fund to which liability relates Amount due (optional) - Print Name Phil Rawlings John Douglas	Current value (optional)
			-
			When due (optional)

			Date of approval
		Phil Rawlings	9/11/21
		John Douglas	9/11/21