**Registered Charity 328492** ## **Trustees’ Annual Report and Financial Statement for year ending 31 March 2021** 1 **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| 2 **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 3 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. 4 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. 5 ## 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) 6 **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**| 7 |||**-**||**-**||**-**||**-**||**-**| |---|---|---|---|---|---|---|---|---|---|---| ||**_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)**| ||**-**|**-**| 8 |**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| 9 **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**| 1 ||**-**||**-**||**-**||**-**||**-**| |---|---|---|---|---|---|---|---|---|---| |**_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)**| ||||**-**|**-**| 2 |**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| 3 ## ## ## ## ## ##