World Horizons Limited
Financial Statements
for the year ended
31st December 2024
Corin Dalton FCA
Chartered Accountant
& Independent Examlner
Klngswlnford
Workl Horizons Limited

Contents
Page
Company Information
Report of the Trustees
3-11
Report of the Independent Examiner
12
Statement of Financial Activities
13
Balance Sheet
14-IS
Notes to the Finanaal Staternents
16-32

World Horfzons Limited
Company Information
Board of Trustees
G. M. Davies
T. R. Morris
J. Famdon
C. T Lambert
Company Secretary
G. M. Davies
Reglstered Offlce
and Admlnistratlve Offlce
Centre for the Natlons
North Dock
Llanelli
Carmarthenshlre
SA15 2LF
Independent Examlner
Colln Dalton FCA
Chartered Accountant
Dalton Pardoe Llmlted
794 High Street
Klngswinford
DY6 8BQ
Bankers:
Barclays Bank plc
De Montfort Street
Lelcester
LE87 2BB
Company Number:
01680675
Re8iStered Charlty:
513524

World Horlzons Limited
Report of the Trustees
for the year ended 31st December 2024
The Trustees present their report and the independently examlned financial statements for the
year ended 31st December 2024. World Horizons Llmited Is a company limited by guarantee, not
having a share capltsl, with charitable status.
l. Overview of Charltable Objects
1.1 The worldwlde charltsble objects for World Horlzons are as follows:
. to propagate and spread the gospel of Jesus Chrlst throughout the Unlted Klngdom and the world
and to asslst In the extension of his klngdom by• but not Ilmlted to, the followlng means:
to recrult, traln, and appolnt Christlans In establlshlng Indlgenous, evangellsing churches
worldwide;
. to promote fvrther renewal of the Chrlstlan church and the deepenln8 of the spirltual Ilves of
Chrlstlans and the partnership between Chrlstlan churches• group5, organisations, and mlsslons;
. to encourage and advlse Chrlstlans on the start-up and development of enterprlses that are
focused on generatlng soclal, envlronmental, 5plrltual, and sustalnable proflt, that wlll be used to
advance Christlan evangellsm, church plantlng and dlsclpleshlp worldwlde,
. to advance and promote the Chrlstlan falth amongst chlldren and young adults, both In the Unlted
Klngdom and worldwlde, by promotln8 the 805pel of Jesus Chrlst and to help and educate them
through the provlslon of recreational and lelsure-tlme actlvltles to develop thelr physlcal, mental
and splrltual capacltle5, that they may grow to full maturlty as Indlvlduals, members of soclety and
practlslng members of the Chrlstlan falth;
. to advance educatlon In the Unlted Klngdom and worldwlde,.
. to relleve persons who are In condltlons of need, hardshlpfv or dlstress by the provlslon of glfts In
klnd, grants of money or medical care or assistan￿, Worldwide.
2. Means of Attalnln8 Charltable Objects
2.1 The company has to date addressed Its activltles to the above objectives. The maln actlvltles of
the company In the year have been:
' 81vlng splrltual and materlal support to the work of the World Horlzons movement overseas
which, for the year, was completely financially autonomous:
. furthering the work of World Horizons wlthin the UK by stlmulatln8 Interest In worldwide
evange15sm and church plantlng through Conferen￿$, promotional activities, prayer, tralning in
assorted toplcs and methods, and welcoming and helping overseas vlsltor5 and refugees In the UK;

World Horizons Llmited
Report of the Trustees
for the year ended 31st December 2024
' promotlng and furthering the ￿neWa1 of the Christian church and the deepening of the splrltual
lives of Christians and the partnership between Chrlstian churches;
. research and development work to open new worldwide opportunities for evangelism and church
planting;
. encouraging and advising Christians on the stsrt-up and development of enterprises that are
focused on generating sodal, environmental, splrltual, and sustainable profit that will be used to
share the Chrlstlan falth, church planting and discipleship worldwide.
2.2 The Charlty operates under England and Wale5 charity legislation and is organised into
local/re8ional teams. Volunteers in other locations do not generate separate income or expendlture
belonging to the Charity and so are not accounted for separately in the financial records. Our UK
based volunteers currently operate through our teams in Swansea, Manchester, Luton, London, and
Llanelli.
2.3 In planning our activities for the period, we kept in mind the Charity Commission's guidance on
public benefit at our various trustees and team meetings.
3. Achlevements, Performance and Future Plans
Revlew of the Period
3.1 Our work has focused on four key strategic areas: wellbein& strengthenin81 welcoming, and
transforming.
Events
3.2 In conjunction with our French and Spanish teams, we contlnued to develop a programme of
mini-European festivals with several church groups Visiting the Basque region.
3.3 We have contlnued to Invest In developlng our onlSne platforms to strengthen both internal and
external communications, includlng updating our website and soclal media and Improvlng our
booking systems in 2024.
3.4 We have continued to engage people in a range of online prayer gatherings which serve to
educate them about diverse culture5 and further engage them in responding to individual and
national needs.
3.5 We are planning a UK Prayer Conference in Llanelli in January 2025.
3.6 We are planning another Pioneer Trainlng Programme for new workers in July 2025.

World Horlzons Limited
Report of the Trustees
for the year ended 31st December 2024
Support Mlnlstrles
3.7 Our support mlnlstrles, includlng personnel, flnance, vlsas, HR, communicatlons. and member
care continued to provlde much-needed 5UPPOrt for our UK and overseas workers. We currently
have 48 active members based In the UK and 48 in overseas locatlons.
Work wlth Overseas S￿dents and Refugees
3.8 Our teams In Swansea, Luton and London contlnue to help many refugees and oversea5
students uslng soclal events. community garden projects, relatlonshlp bulldlng and outreach efforts
In conjunctlon with local churches In those cltles.
Llanelll Hub
3.9 We have continued our vlslon for North Dock to become a connectSve creative hub for charitles
and have renamed and rebranded the accommodatlon wlng 'Y Ooc., Thls year we refurblshed the
kltthen and redecorated bedroom5. We contlnue to welcome many dlfferent Indlvlduals and
groups Includlng churches, youth groups, Glrl Guldes, charlty groups, sports club5, varlous
assoclations and famlly groups to stay at the centre for individual retreats and group activitles. We
now have a steady stream of booklngs whlch Is provldlng a sustalnable income.
3.10 In 2024, we have also extenslvely redeveloped the Creatlve Space area In the west end of the
bulldlng installln8 new floors, Ilghtlng, wall boardlng and a new glass entrance. We have also
redecorated a studlo appolnted for workshops and semlnar5. These are now attractlve and
welcomln8 areas that are provlng popular wlth local dance companles. theatre and muslc groups
and churches wishlng to use the space. We wlll also be uslng these Spaces for art exhlbltlons In
2025. The workshop 5tudlo Is attractlng creatlve artists to run art-based semlnars and art therapy
for local people. We also ran a Christmas Fayre in the larger space whlch was well attended. We
plan to run a Sprln8 Fayre In May 2025.
3.11 We began two Community Garden Projects In Llanelll and Swansea with substantlal donatlons
of materia15 and plant5 from the Keep Wale5 Tidy Organisation.
3.12 We contlnue to rent some of our spare offices and workspaces to other charities, communlty
organlsations and suitable companies. Two local churches are uslng the bulldlng for youth meetings
or Sunday servlces.
3.13 We recelved a grant from the Communlty Facllltles Programme admlnlstered by the Welsh
Office to install a new air transfer heat pump to heat offices in the west end of the building which
replaced the old gas boiler.

World Horizons Limited
Report of the Trustees
for the year ended 31st December 2024
Partnershlps
3.14 We have contlnued to develop several strateglc partnerships wlth local churches and
networks whlch enable us to engage, serve and support those charltles In developin8 their cr055-
cultural work, Includlng Manchester Chinese Christlan Church, Swansea Parklands Baptlst Church,
the Apostolic Church movement and Intercultural Churches UK. Our team in Liverpool completed
its transltlon to transfer to the Bridge 2 Charlty In May 2024. We are explorlng new ways to
contlnue our Involvement In Llverpool In 2025.
Nlger
3.15 We contlnue to support a school In one of the poorest areas of the cSty by provlding
admlnistratlve support and accountln8. The students recelve I meal a day at the school, and we
help finance x)me chlldren to attend.
Burklna Faso
3.16 In Burklna we work In partnership with AEEB- 'Assoclatlon Evangellque Ensemble Burklna, set
up as an umbrella organlsatlon to cover the work of Project Javelln and other mlnlstrles. The work Is
based on the outsklrts of Ouagadougou and currently Includes a nursery and a sewlng centre,
where women do a 2-year sewing course to give them an Income-generatlng sklll. 19 young women
completed the course In June and were awarded a treadle sewlng machine usin8 the funds donated
for th15 purpose. We have plans to donate more sewlng machlnes In 2025. There Is also an adult
Ilteracy class as thls Is a bl8 need In the local communlty, with many adults not havlng had the
opportunlty to attend school as chlldren. We have also recelved funds for startlng work on a new
tralnlng centre on a plot of land whlch was glven several years ago. The initlal perimeter wall has
been bullt which secured the slte and more bulldlngs wlll be started as funds are recelved.
3.17 Project Javelln ft5elf Is a moblle outreach that responds to Invitations to Vislt the least-reached
areas of the country to share good news and encourage Isolated pastors and believers. Visits were
again made to several different reglons. Many internal refugees have attended the meetings and
have gladly recelved the rnessages of hope. Several fellowshlps have be8un as a result.
Mlddle East
3.18 Our work seeks to encourage work and research into spiritual, mentsl, and physical needs and
communlty health wlth a focus on working particularly amongst refugees. We have partnered wlth
an NGO to create a livelihood project for 15 - 25-year-olds trainlng In busines5 and English skills in
one of the refugee camps where Indlvlduals have m155ed schooling. In partnershlp wlth another
charity, we run adventure, team buildlng and confidence-building and art therapy activities for
young people from the refugee camp,

World Horizons Llmited
Report of the Trustees
for the year ended 31st December 2024
Turklc Re8lon
3.19 Our team contlnues to run a creatlve arts space to ald dlalogue between different peoples
around the topics of creatlvlty. culture and spirituality through art and craft workshops, art
exhlbltlons, artist panel discussions, song-writlng workshops, English conversation clubs and art
therapy events for trauma sufferers desplte some lockdown interruptlons. This project will come to
an end In the summer of 2025.
3.20 Our team also contlnues to SUPPOrt many local churches and pastors wlth pastoral vlslts.
3.21 The team contlnues to co-lead a local church with an Engllsh-5peaklng congregatlon and a
Turklsh-speaklng congregatlon. Our team works In several church mlnlstries. The Exlle Mlnistry
Trainlng runs twlce per year, In English and then in Turklsh. It Is a three-month program that has
been drawlng a dlverse group of students from around the world.
3.22 A café contlnues to serve the local communoty. The cafe functlons as an art gallery wlth an
exhlblt that rotates every 4- 6 weeks. They have been developln8 contacts wlth the local art
communltyi both at the unlversltles and among local artists. They have also been rentlng the cafe
space for churches to use for thelr worshlp meetln85. The cafe has generated lots of mlnlstry
opportunltles and has become a local hub for the communlty. Thls project wlll also end In 2025.
Japan
3.23 We contlnue to 5UPPOrt the work of the Nlrayama and Heda churches sStuated In rural coastal
areas where churches are few. Approxlmately 80 local chlldren contlnue to come to weekly'Happy
Clubs,, learnlng Engllsh and experlenclng a sultable Blble actlvlty desplte dlsruptlons caused by
Covld restrlctlons whlch have only recently been Ilfted. The team also contrlbuted to the advlsory
commlttee of the Rural Japan Church Plantlng network.
Cambodla
3.24 One of our team Is contlnulng In hls role as the Cambodla CEO of Chrlstlan Broadcasting
Network {CBNI. His wlfe is teaching Engllsh and mentorlng young women. They work together
supportlng the young leaders of a churth in Phnom Penh.
3.25 Two other team members work in southern Cambodia supporting local churches through
teachln& preaching, and mentorlng of leaders. They also teach Engllsh to local pastors who are
teaching Engllsh as part of their ministrles and are helping with a Christian kindergarten.
3.26 The Pl team. who were tralned in the UK, are In the coastal city of Sihanoukvllle working in an
internatlonal Chrlstlan School and sUPPOrtlng local churches.
North Afrlca
3.27 The earthquake which hit the Marrakech and Atlas Mountains region in September 2023
continues to affect many local communltles, The physlcal devastatlon In many of the small towns

World Horlzons Limited
Report of the Trustees
for the year ended 31st December 2024
and villages was huge wlth hardly any building left unaffected. Many communlties were made
homeless, and thousands are stlll Ilving in tents. Our workers contlnued to channel practical aid. In
the months that followed we partnered with a specialist agency providing temporary home5 for
over 500 families, We have also provlded funds for building repalrs. We will contlnue to help local
people with these needs as opportunlty presents itself.
3.28 Another team pastors two small communitles of bellevers, composed mostly of sub-saharan
students who study In North Afrlcan unlver51ties.
Indla
3,29 Our team Is based In the Hlmalayan reglon of Indla and are active In growlng local churches
and their a550clated actlvlties and in a house of prayer. A team member Is an early chlldhood
educatlonal speclallst and has helped set up an after-school club for Tibetan vlllage children and
mentors a prlnclpal of another preschool nursery prevSously set up by the team. Another team
member ha5 been Involved In Spanlsh language teachlng In a larger town.
CMA Donatlon
3.30 We agaln hosted the Chrlstlan Motorcycllsts Assoclatlon's annual meetlng at Y Doc and
members of WH also attended the CMA gatherlng later in the year. Using glfts from the C.M,A we
were able to provlde motorbikes to teams In Indla, North Afrlca and West Afrlca.
4. Trustees Inductlon and Tralnlng
4.1 All Tfustees are famlllar15ed wlth the practical work of the charlty Includlng but not Ilmlted to:
. The obllgatlons of the charlty;
. The obllgatlons of the Trustees;
. The maln documents whlch set out the operatlonal framework for the charlty Includln8 the
Memorandum and Artlcles of Assoclatlon;
Resources and the current financial position a5 set out in the latest published accounts together
wlth perlodlc management accounts.
. Ongoin8 plans and objectlves.
5. Rlsk Revlew
5.1 The management team has conducted an ongolng review of the major rlsks to whlch the Charlty
15 exposed, existing policies have been further strengthened and several new ones added. Internal
risks are mlnimised by the implementation of the followlng policles: Acceptable Use of Technology,

World Horizons Limited
Report of the Trustees
for the year ended 31st December 2024
Anti-money Launderin& Complaints, Dats Protection, D15cipllnary, Equal Access, Fire Safety. Food
Safety, Grlevance, Health and Safety, Recruitment of Offenders. Safeguarding Children and Adults
at RISK Visa, and Whistleblowing.
5.2 In additlon, Fire Safety inspections, Health and Safety and Food Hygiene inspections apply to all
locations where the charity operates. Financial rlsks are also minimised by the implernentation of
prO￿dureS for the authorisatlon of all transactions and projects by the team leaders, and bv
monthly reviews. The management team also updates pollcies and procedures concernlng GDPR
and Covld 19 Regulations. Changes to Company and Charity laws are also regularly checked and
changes are implemented where appropriate.
6. Reserves Pollcy
6.1 Cash-backed unrestrlcted reserves represent between seven and elght months of expendlture.
The Trustees, therefore, do not consider these to be excessive or insufficlent for unexpected
contlngendes, given the current commitments of World Horlzon5. We hold In reserve for
emergency contlngencles a Sum of £10,000.
7. Trustees
7.1 The Trustees who served durfng the perlod from 1st January 2023 to the date of the report
were:
. Graham M. Davles
. Tlrnothy R. Morrls
. Jane Farndon
. Chrlstopher T. Lambert
7.2 None of the Trustees receives any remuneratlon for thelr servlces other than relmbursement of
expenses Incurred.
8. Voluntsers Involvement
8.1 The Trustees would like to take this opportunity to thank the many volunteer workers and
supporters who have 8lven so much of thelr tlme, skllls, and Income to further our work.
9. Trustees. Respon51bllftles
9.1 Company law requlres the Trustees (who are also Dlrectors of the company for the purposes of
company law) to prepare financfal statements for each financial year which give a true and fair view
of the situation of the company and of It5 financial artivitie5 for that year together with its assets
and liabilities at the end of the year and adequately dlstingulsh any material special trust or other
restricted funds of the company. In preparing those financial ststements, the Trustees must:
a) select suitable accounting pollcles and then apply them consistently;

World Horizons Llmlted
Report of the Trustees
for the year ended 31st December 2024
b) make Judgements and estimates that are reasonable and prudent;
c) state whether the pollcles adopted are followlng the appropriate SORP on Accounting by
Charlties and the Accounting Regulations and with applicable accounting standards subject to any
material departures dlsclosed and explained in the financial statements;
d) and prepare the flnanclal statements on a going concern basls unless It Is Inapproprlate to
assume that the company wlll contlnue in its actlvltles.
9.2 The Trustees are responsible for the keeplng of proper accounting records whlch dlsclose wlth
reasonable accuracy at any tlme the financial posltlon of the company and to enable them to
ensure that the financlal statements comply wlth the Companles Art 2006 and Statements of
Recommended Practice and the regulations made under sectlon 130 of the Charities Act 2011. They
are also responslble for safeguardlng the assets of the company and hence for taklng reasonable
step5 for the preventlon and detection of fraud and Irregularlties.
10. Management
10.1 Each of the dlvlslons of actlvlty 5temmln8 from the UK, set out In thls revlew,1s overseen bv
the UK Leadership Team who are accountable to the Board of Trustees vla the UK Fleld Leader.
10.2 The majorlty of UK team members, Includlng those seconded overseas, are treated by the
Inland Revenue as self-employed, each recelvlng support for thelr ministrles from Indlvlduals,
churche5 etc, Those few who are ernployed are entltled to all statutory employment rlghts. The
company relles malnly on donatlons to flnance its overhead expenses.
11, Strate8lc Intent
11.1 We wlll contlnue the progresslon In securlng the flnanclal base of the organlsatlon by seeklng
funds for all new areas of activity as well as negotiatin8 for improved contracts and servlce level
agreements.
12. Flnanclal Revlew
12.1 The Trustees consldered the financlal performance for the perlod was satlsfactory.
12.2 The operatlonal deflclt for the year was £107,S73 (2023- surplus £30,162).
12.3 This surplus included an reductlon In general unrestricted funds of £27,516 (2023-£34,850
Increase ), a redurtlon in restrlcted funds of £71,91812023-£3.719 Increase), and a reductlon in
capltal funds of £8,139 (2023-£8,407 reductlon).
12.4 Thls has resulted In a reductlon In unrestrfcted funds to £62,006 (December 2023 - £89,522
increase) and a reduction In total funds to £484,396 (December 2023- £591,969),
10

World Horlzons Llmited
Report of the Trustees
for the year ended 31st December 2024
12.5 The results for the period are set out in the Statement of Finanaal Activitie5. The Balance
Sheet is also presented.
12.6 All funds Benerated during the period have been applied to further the objects of the company
as stated in point l above. The funds carried forward at the balance sheet date are considered
sufficient to meet all existing commltments of the company and to fund future developments.
13. Team Members
13.1 Those who wish to become team members within the World Horizons movement must
complete a satisfattory period of induction via our 'Onboardin¥ process and satisfy local leadership
that they have adequate financial sUPPOrt for the work that they will be doing.
14. Independent Examinat5on
14.1 Colin Dalton is the Independent Examiner of the company. A resolution recommending his
reappolntment will be put to the members at the Annual General Meeting.
By Order of the Board
G. M. Davies
Trustee
Date:
23rd July 2025

World Horizons Limited
Report of the Independent Examiner
for the year ended 31st December 2024
I report to the charity trustees on my examination of the accounts of World Horizon5 Limited for the
year ended 31 December 2024.
Responsibilities and basis of report
As the charity's trustees of World Horizons Limited land its directors for the purposes of company
law), you are responsible for the preparation of the accounts in accordance with the requirements
of the Companies Act 20061"the 2006 Act").
Having satisfied myself that the accounts of the company are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my
examination of your charity's accounts as carried out under section 14S of the Charities Act 2011
("the 2011 Act"). In conducting my examination, I have followed the Directions given by the Charitv
Commission {under section 145(5){bl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe:
accounting records were not kept in respect of the company as required by Section 386 of
the 2006 Act: or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006
Act other than any requirement that the accounts give a true and fair view which is not a
matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reportin8 by charities (applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 10211.
I have no concern5 and have come across no other matters in connection with the examination to
which attention should be drawn in this report to enable a proper understanding of the accounts to
be reached.
Colin Dalton FCA
Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
DY6 8BQ
Date:
23, July 2025
12

World Horizons Limlted
Statement of Financial Actlvitles
for the year ended 3tst December 2024
Note Unrestrlcted Restrfcted
and Capltal
Funds
Funds
2024
Total
Total
2024
2024
2023
Income
Donations
16,742
79,520
96,262
182.123
Investment Income
3,400
3,400
4,048
Grants Recelved
Income from charltable actlvltSes
1,076
7,902
8,978
137,423
Team member 5UPPOrt
Income from other tradlng
actlvltles
Total Income
Expendlture
Charltable actlvltles
30,099
30,099
40,410
88,528
67
88,595
109,746
117,588
227,334
364,004
81,056
149,632
230,688
293,432
Team member support
Expendlture on ralslng funds
Total Expendlture
27,962
27,962
40,410
65,478
10,779
76,257
146,534
188,373
334,907
333,842
Net (expendltureJ/lncome
Transfers between reserves
(36,788) 170,785) (107,573)
11,133}
30,162
17118
1,133
Net movement In fvnds
Reconclllatlon of funds
(35,655) 171,918) <107,573)
30,162
Total fund5 brought forward
Total funds carrled forward
448,197
143,772
S91,969
561,807
412,542
71,854
484,396
591,969
The Statement of Flnanclal Artlvltles Includes all galns and10sses recognlsed In the year.
All Income and expendlture derlve from contlnulng actlvltles.
Th15 SOFA Includes an Income and expendlture account in accordance with the requlrements of the
Companies Act 2006.
13

World Horizons Llmlted
Balance Sheet
As of 31st December 2024
Note
2024
2023
Fixed assets
Tangible assets
12
411,334
358,678
Current assets
Debtors
Cash at bank and In hand
13
14
15,203
84.796
60,547
186,109
Totsl current assets
99,999
246,656
(13,365
Creditor5: falllng due wlthln one year
15 (26,937)
Net current assets
73,062
233,291
Net assets
484,396
591,969
The funds of the charlty
Restricted fvnds
Unrestrlcted and de51gnated funds
Capltal funds
Revaluatlon
16
17
18
18
71,854
62,006
220,536
130,000
143,772
89,522
228,67S
130,01)0
Total charlty funds
484,396
591,969
The trustees have taken advantage of the Companles Act 2006 In not havlng these accounts audlted under
sectlon 47711). No members have requlred the company to obtaln an audlt of Its accounts forthe perlod In
questlon In accordance wlth sectlon 476.
The trustees acknowledge thelr responslbllltles for ensurlng that the company keeps accountlng records whkh
comply wlth $386 and s387 of the Companles Act 2006 and sectlon138 of the CharStles Act 2011.
These accouftts have been prepared In accordance wlth the provlslons In part IS of the Companles Act 2006
relating to small companies and constitute the annual accounts requlred by the Companles Act 2006 and are
for clrculatlon to the members of the company.
The notes at pages 16 to 33 form part of these flnanclal statements.
14

World Horizons Limited
Balance Sheet
As of 31st December 2024
SÈned and approved on the behalf of the Board on 23rd July 2025
G. M. Davles
Trustee
Company no: 01680675
15

World Horlzons Limlted
Balance Sheet
As of 31st December 2024
l. Accountin8 Polldes
The prlnclpal accountln8 pollcle5 adopted In the preparatlon of the financial statements are as follows:
(a) Basls of preparatlon
Bas1$ of auountln8
The charltable company constitutes a publlc beneflt entlty as defined by FRS102. The ftnanclal statements
have been prepared In accordance wlth Accountln8 and Reportln8 by Charltles: Statement of Recommended
Practlce ISORP) appllcable to charStles preparlng thelr accounts In accordance wlth the Flnanclal Reportlng
Standard (FRS102) publlshed on 16° July 2014- Charltles 50RP (FRS102), the Financlal Reportlng Standard
{FR5102), the CharStles Act 2011, the Companles Act 2006 and UK Generalty Accepted Practlce as It applies
from I" January 2015. The flnanclal statements have been prepared on a golng concern basls under the
historlcal cost conventlon modlfied to Include certaln Items at falrvalue. The flnanclal statements are prepared
In sterllng whlch Is the functlonal currency of the charlty.
Changes to prevlous accounts
No changes have been made to the flnanclal statements for prevlous years unless otherwlse stated wlthln the
notes as a prlor year adjustment.
(b) Preparatlon of the accounts on a 8olng Concern basls
The trustee5 conskler that the company ts a golng concern.
Ic) Income reco8nlt14)n pollcles
Items of Income are recognlsed and Induded In the accounts when all the followlng crlterla are met:
the charlty has an entftlement to the fvn(ts.
any performance condltlons attached to the ttems of Income have been met or are fully wlthln the
control of the charlty;
there Is sufflclent certalnty that recelpt of the Income Is consldered probable. and
the amount can be measured rellably.
Where Incomlng resources have related expendlture (as wlth fundratslng or contract Income) the Incomlng
resources and related expendlture are reported gross In the SOFA.
Grants and donatlons are only Included In the SOFA when the general Income recognltlon crlterla are met. In
the case of performance related grants, Income wlll only be recognlsed to the extent that the charity has
provlded the speclfied goods or seNlces as entltlement to the 8rant only occurs when the perfom)ance rekted
conditlons are met.
The charlty has recelved government grants In the reportlng perlod.
Gfft Ald recefvable ts lrtcluded In Income when there Is a valld declaratlon from the donor. Any glft ald amount
recovered on a donation is considered to be part of that gift and Is treated as an addltlon to the same fund at
the Inltial donatlon unless the donor or the terms of the appeal has specified otherwlse.
Id) Interest re￿1vable
Interest on funds held on deposit is Included when recelvable and the amount can be measured reliably by
the charity: this is nonnally upon notrficatlon of the Interest pald or payable by the bank.
16

World Horfzon5 Limited
Notes to the Financlal Statements
for the year ended 3tst De￿mber 2024
(e) Fund a¢¢ountlng
Unrestrlcted funds are avallable to spend on actfvitles that further any of the purposes of the charity.
DeS￿nated funds are unrestricted fvnds of the charity which trustees have declded at thelr discretion to
set aslde to use for a specific purpose. Restrlcted funds are donations which the donor has specified are to be
solely used for particular areas of the chartys work The Capital fund is a non-monetary fund.
An Integral part of the charftable activity of World Horlzons Limited is to act as a clearinghouse for donations
to related overseas projects. with associated fundraising and publicity. and admlnistrative costs. These are the
restricted funds. The trustees ensure that all monie5 are applied in accordance wfth the WMpan￿$
Memorandum of Association.
{t) Expendlture and Irrecoverable VAT
Expenditure Is recogntsed once there Is a legal or constructive obligation to make a payment to a thlrd party,
it is probable that settlement will be required. and the amount of the obligation can be measured reliabty.
Irrecoverable VAT is charged as a cost against attivty for whith the expenditure was incurred.
(81 Allocatlon ol support costs
All support costs have been divided between dlrect charitable expenditure and other expenditure. Within
these, there is a further analysis of fvnttional support, fundratsing publicSty. and governance costs. The costs
incurred by any particukr acti￿ (project, team, or administrative department) have been allocated
accordln8 to the nature. charltable or otheNAse, of that activity.
(hl Opefatlng leases
Rentals pald under operating leases are charged to income as incurred.
Ol Settlement of Insurance daims
Insurance clalms are Included in the SOFA when the general income recognition crlteria are met and are
included as an item of other income in the SOFA
U) Governance eosts
Include costs of the preparatlon and examlnation of ststutory accounts, the costs of trustee meetings and cost
of any legal advlce to trustees on governance or constitutlonal matter5.
Ikl Tan8lble fixed assets
Tangible fixed assets are stated at cost. These are capltallsed If they can be used for more than one year and
cost at least £l.000. They are valued at cost or at a reasonable value on receipt.
The leasehold property including improvements has been walued and is nomialty revalued everythree yea￿.
Depreclation is provided on all tangSble assets at rates cakulated to wrlte off the cost or valuatlon of each
asset eventy over its expected useful life as follows:
Leasehold property and improvements:
Slte fenclng
Motor vehicles:
Fixtures. ffttings. and equlpment:
over period to 2071
over period to 2036
5 years
over 3. 5 and 10 years
The leasehold property was purchased in 1988, and the lease expl￿ In 2071.
17

World Horizons Umited
Notes to the Financial Statements
for the year ended 31st December 2024
(l) Credltors and provlslons
Credltors and provisions are recognlsed at thelr settlement amount where the charlty has a present obllgatlon
resultlng from a past event that will result In the transfer of funds to a third-party and the amount due to
settle the obllgatlon can be measured or estlmated rellably.
(m) Volunt•w help
No amount Is Included in the financlal statements for volunteer time in line with the SORP (FRS102). Further
detall Is glven In the trustee5' annual report.
18

World Horlzons Limited
Notes to the Financlal Statements
for the year ended 31st December 2024
I Income from donatlons
Donations have been recelved durlng the perlod for the followlng teams, projects. and purposes:
Donatlons
Team
CoDtrlbutlons
Total
2024
Oonatlons
Team
Contrfbutlons
Total
2023
Internatlonal Funds
Team A¢counts
Internatlonal Offlce
IDT Fund
North Afrlca Team
CMTTeam
Mlddle East Team
Buslness as Mlsslon
East & West Afrlca Team
South Amerka Team
Other Teams
1,353
1,550
7,149 8,502
1,550
766
240
504
22,850
7.509 30,360
766
240
472
261
425
601
145
920
49
120
10,030
261
425
778
624
920
137
120
33,625
32
177
479
2.060
760 2,820
40
89
9,427 14522
Other Mlnlstrles and
Teams
Venezuela- V2020
West Afrka Mlnlstrles
Burklna Faso
NSger
Asla Mlnlstrles
Cambodla
Europe Mlnlstrles
Turkey
North Afrlca Mlnlstrles
Morocco Support Fund
Mountaln Rlver Road
Rellef Mlnlstrles
Turkey Earthquake
Rellef
North Afrlca
Earthquake Rellef
Other Relief
Other
1,655
1,655
600
19,970
13,004
19,970
13,004
38,7S8
4,513
38,758
4,513
15,000
15,000
15,000
15,000
500
2,000
2,000
60
60
193
1,900
193
1,900
28,745
28,745
3,942
3,942
42,185
42,185
704
450
704
450
884
286
131,531
286
131,531
UK Funds
Christian Motorcycle
Assoclatlon
Other Funds
6,000
6,000
2.900
2,900
120
6,120
120
240
240
3,140
Totsl Restrlcted Funds
70.093
9.427 79,520
158266
10,030 168.296
19

World Horizons Umited
Notes to the Flnancial Statements
for the year ended 31st De￿rnber 2024
2. Income from donatlons IconL)
Team
Total Donatlons
ContrI￿n$ 2024
Team
Contrlbutk>ns
Totsl
2024
General UK Fund5
Support Mlnlstrles
General Funds
Membercare Funds
3.734
6.045 9,780
2.586 2.586
8.631 12366
8,485
672
9,157
11,389
682
12.071
io
2,914
3,734
Y Doc Opera
2,865
2￿65
Reglonal Teams
S79
932 1511
875
881
1,756
Total General Funds
7,178
9.563 16,742
3,789
10.038
13.827
Total
77271
991 96262
I62￿55
20,068 182.123
Income frorn thafftable actlvities
Teams
Totsl Restrkted
nistr1￿ Operakn UK General
Funds-
Funds Funds Intematlonal
Total
2024
Premlses Income
Conference Income
Sundry Income
1,500
6,402
7,902
1,500
7,478
8,978
86
86
990
990
1,076
1,076
2023
Premtses Income
conferen￿ Income
Sundry Income
133,393
133.393
133.393
242
242
3,381
3,788
3.623 137,423
104
104
35
133,428
407
133WO
20

World Horlzons Llmlted
Notes to the Financlal Statements
for the year ended 31st December 2024
Income from other tradlng actlvltles
Teams
Support
YD
Mlnlstrles Operatlons
Other
UK
Funds
Total
General
Funds
Restrlrted
Funds-
Internatlonal
Totsl
2024
Premlses Income
Conference Income
Sundry Income
88.445
88.445
88,445
83
88.528
83
88,528
67
150
67 88,595
2023
Premises Income
Conference Income
Sundry Income
5. Team member support
Most team members are treated as self-employed by HM Revenue and Customs. They receive their support
either directly or through World Horlzons Llmlted as follows..
2024
2023
Gift Ald tsx reclalmed
Donatlons
1,023
29,076
30,099
1,090
39,320
40,410
& Government Grants
2024
2023
Welsh Government- Heat Pump
15,000
The conditions for thls grant are to:
Run 20 art workshops a year by the end of 2025
To open up the gallery to 6 exhibitions by the end of 2025
To run 5 group art therapyworkshop5 bythe end of 2025
To have 20 resldentlal groups that would use the space for a varlety of actlvltles by the end of 2025
These condltlons have not yet been met, so the Income Is Ilsted as a current Ilablllty on the balance sheet.
21

World Horizons Llmited
Notes to the Flnandal Statements
for the year ended 31st December 2024
7. Expendlture on dwrftable artlvltles
2024
Teams Support
Reglonal Other
UK
Funds
Total
Int Team
Int Other
Total
Capltal Total
General A¢¢ounts Mlnlstfles Restrfrted Rertrlcted Funds
Funds
Funds
Funds
Staff Costs
Trnlnlng
Promotlon
Premlses Costs
Equlpment
Bad Debts
Depreciatlon & Related
adjustments
Dlsposal of Assets
General Insuran¢¢
OffKe and Admln
Subscrlptlans
Professlonll Fees
Conference Expenses
Camp Expenses
Giterfn8 and hospitallty
Gffts and Donatlons
Travel
Internatlonal- Overseas
transfers
International- UK
Payments
Other Operntional Costs
4.013
17.975
165
333
37,659
2L988
165
333
38,299
11,381
11,381
33.369
165
397
55,410
17,111
17,111
851
851
8.139
8,990
676
670
1,306
I,S81
100
676
868
1,365
2.375
676
2,S42
1,365
6,073
L996
198
59
1.610
1.674
3,698
3.698
1.896
877
877
169
2,752
70,428
169
169
1,692
70,428
152
1.692
66,298
770
3.153
3.153
35,896
S,045
40.941
44,094
218
9371
508
I3￿3
578
1,385
149.632 8.139 230.688
58.623
4,061
n?17
23.771
iOl258
22

World Horizons Limited
Notes to the Financial Statements
for the year ended 3tst December 2024
Expenditure ¢)n d￿rftable actlvltles (conL)
2023
Teams Support Uanelll Regional
Mln15trles Hub
Teams
Totsl
General
Funds
IntTeam
Int Other
Other
Total
Capltal
Accounts Mlnlstrles Restrkted Restrlcted Funds
Funds
FuThds
Total
UK
Funds
Staff Costs
Training
Premises Costs
Equiprnent
Depreciation & Related
adjustments
General Insurance
OffKe and Admln
Subscriptions
Professional Fees
conferen￿ Expenses
Camp Expenses
Catering and hospitallty
Gifts and Donations
Travel
Intemational- ¢kneas
transfe
International- UK
Payments
Other Operatlonal Costs
6.390
210
9.927
16.317
403
62,398
L007
14.870
3,180
525
14,870
4,470
525
31,187
4,873
62.923
1,007
8,407
193
1.290
61A73
1.007
525
8.407
1,034
3,482
1,536
2.773
378
10.303
8.079
1.029
L034
7,708
1,536
3,258
926
10.303
8,079
4,629
22,282
79585
1,164
1,269
2,318
247
3.297
929
4.226
258
120
548
10.303
7.366
713
350
235
679
5.029
2.838
12.529
5.190
37
3344
74,395
725
3.600
16.973
79.585
L006
40371
1.771
43,748
43,748
221
I9￿27
170
93211
12
722
403
114ASI
1.544
45￿27 I21￿66
L544
1,947
170.574 &407 293832
3A81

World Horizons Llmited
Notes to the Financial Statements
for the year ended 31st December 2024
Expendlture on Ralslng Funds
Teams Support
Reglonal Other Total
IntTeam
Int Other
Other
Total
Capltal
Mlntstrles Operatklns Teams
UK
General Accounts Mlnlstries Restrfrted Restrlcted Funds
nds
Funds
Fund5
Funds
Totsl
stsff Costs
Premises Costs
Bad Debts
General Insurance
Office and Adrnln
Subscriptions
Professional Fee5
Camp Expenses
Catering and hospitality
Other Operational Costs
4.013
19.497
2L169
702
387
928
19,497
31.917
702
387
928
155
999
13.798
7,720
154
76.257
21,169
702
10,748
10,748
387
928
155
653
13,798
7,no
69
603n
13,798
7,720
123
65A78
31
31
31
10,779
5.107
10.748
24

World Horlzons Llmlted
Notes to the Financial Statements
for the year ended 31st December 2024
9.Governance Costs
2024
2023
Independent Exam5nerfs fees
2,200
2.200
10.Net Income for the perlod
2024
2023
Thls Is stated after charglng:
Depreclatlon
Operatlng leases- rent
Operatlng leases- equlpment
Independent Examlnatlon provlslon
8,990
9,850
96
2,200
8,407
9,850
384
2,640
11.Analysls of staff costs
2024
2023
Salarles
Penslon Contrlbutlons
Fees Payable
41,059 21,297
1,499
852
10,308
9,038
52,866 31187
No employee of the charlty recelved emoluments of more than £60.000 (2023: none)
Durlng the year, the charlty had four part-tlme employees12023: two).
25

World Horfzons Limited
Notes to the Financial Statements
for the year ended 31st December 2024
IITanglble fixed assets
Leasehold
Indudln8
Improvements
Totsl
ffttln85 &
equipment
vehlcles
Co#lrevaluatlon
On lstjanuary 2024
479.194
62,989
5.700
547.883
Addltlons
60,166
1,480
61.646
Disposals
On 3tst December 2024
539,360
64,469
5.700
DeprKlatlon
On 1st January 2024
120,516
62,989
5.700
189,205
On dtsposals
Charge
161
8,990
On 31st December 2024
63.150
198 195
Net book valu
On 31st December 2024
410 015
1,319
411,334
On 31st December 2023
358,678
The long leasehold bulldln8 Includlng the Improvements has moved onto a scheme whereby they are
perlodlcally revalued. The valuation included above was based on a valuation by Paul Beaton B.SL (Hons)
MRICS of Astley5 Chartered Surveyors, Raglan House. Charter Court. Phoenlx Way, Enterprlse Park, Swansea,
SA7 9DD. He gave an open market value of £380,000 on 8 June 2022. The correspondlng insurance
valuatlon was £2.270.000.
All assets are held for dirert charitable purposes.
26

World Horlzons Limited
Notes to the Flnanclal Statements
for the year ended 31st December 2024
13.Debtors
2024
2023
Other debtors
Trade debtors
Prepayments and accrued Income
VAT
Gfft akl tax repayment due
10.842
420
5,177
(1.612)
376
15,203
55316
4￿10
421
60547
14.cash at bank and In hand
2024
2023
Bank accounts
Cash In hand
84,760 185,996
36
84,796 186,109
15.Crndltors: amounts fallln8 due wlthln one y•ar
2024
2023
Accruals
Other creditors
Payments recelved on account
for performance related grants
Trade Credttof5
Taxatlon and Soclal Securlty
Deferred Income
S,109
237
,000
9,679
2,881
5,132
353
1.107
26.937
13,365
Movement In deferred Income account:
Balance on l°January 2024
Amounts added In current perlod
Amounts released to income from prevlous perknd
Balance on 31" December 2024
1.107
(805)
1,107
Deferred In¢ome ￿lateS to Income for accommodation stays whlch wlll occur in 2025.
27

World Horfzons Limited
Notes to the Financial Statements
for the year ended 31st December 2024
16.Restrlcted funds
Atl.
Jan
2024
Incorne Expendlture Transfers On 31°
Dec
2024
Internatlonal Funds
Team Accounts
Internatlonal Office
IDT,
North Africa Team
WH Kidz Team
CMT Team
Middle East Team
ME/NA Conference
Business as Mission
East & West Africa Teams
South Amerlca Teams
OtherTeams
18,105
14,971
1,550
767
(18,6921
14,384
2,550
6,069
898
2,927
3.138
1,000
(175)
5,977
898
2,687
2,709
{5001
240
(75)
250
1.500
loo
2,820
40
11,7501
2,046
2,022
1,460
653
36,557 22,492
2,146
1,980
12,8601
(2)
(1.4601
653
(4621 34,785
{23,802}
Other Mlnlstrles and Teams
Japan
Venezuela- Y2020
West Africa Mlnlstries
Cambodia- Beracah & Rlce Cart
Europe Ministries
North Africa Mlnlstrles
Relief Ministrles
Other Ministries
33,420
19,330
1,655
5,512 32,974
15,000
2.OlXI
253
4,645
2,350
87,248 58,877
(33,420)
(12,151)
(29,885)
(13,475)
1490)
1189)
{10,6001
(2,0481
1102,2581
1,427 . 10,261
(517)
(300)
140)
1.225
1,960
3,326
{141 19,113
490
3,266
25,082
550 44,417
UK Funds
Building Project
Christlan Motorcyde Assoclatlon
Other Funds
12,859
3.234
3,874
19,967
{27,859}
{4,473}
{2,019}
134,351)
115,000)
4,761
{I,0001
975
(I,OIXl} 19,2641
6.000
120
6,120
Team Member Support
30,033
127,962)
{221)
1.916
Total Restrlcted Funds
143,772 117,588
(188,373
(1,133) 71,854
28

World Horizons Limited
Notes to the Financial Statements
for the year ended 31st Deomber 2024
17.Unrestrkted and deslgnated funds
Income Expendlture Transfers
On
31"
Dec
2024
Jan
2024
General UK Funds
Support Mlnlstrles
General Funds
Membercare Funds
25.124 13.266
1.934
2.586
27,058 15,852
114.215)
(2631
114,478)
1.133 25.308
(1.320) 2,937
1187) 28,245
Y Doc Operatlons (Prevlousty Uanelll Hub)
43,674 92A83
(118,994)
1,320 18,383
Reglonal Tearns
3.047
i.sii
(862}
3.696
Other UK Funds
Training Development
Wlldstep
4,062
1.681
5.743
{4,061)
1,681
1.681
(4,061)
Totsl General Funds
79.522 109,746
(138,395)
1,133 52,IX16
Deslgnated Funds
Emergency Fund
Total Deslgnated Funds
io,o(N)
10,000
10,000
10,000
89.522 109.746
138.395
1.133 62,006
The unrestricted funds of the charity indude the Emergency Fund whlch has been set aside by the trustees
as a deslgnated fund to aid team members In emergencies.
I&Capltal funds
On I" Jan
2024
Income Expendlture Transfers On 31° D
2024
Capltal Fund
Revaluation
228,675
0,000
358,675
{8,139)
220,536
130,000
350,536
8.139
29

World Horizons Llmlted
Notes to the Flnancial Statements
for the year ended 31st December 2024
19. Prlor Year fund balance movements for comparlson
Restrlcted Funds:
At lrtjan
2023
Income
£xpendlture
Transfers At 31stDec
2023
IDtematlonal Funds
Team Accounts
IntematFonal Offlce
North Afrlca Team
WH Ktd2 Team
CMT Team
Mlddle East Team
8uslness as Mlsslon
East & West Afrlca Teams
South Amerlca Teams
Other Teams
24A84
6,392
898
2262
2,631
4,020
1,403
2,328
833
45,251
33,981
262
(39,9471
16781
{413)
1&105
5,976
425
778
624
2,687
2,709
2,046
2,023
1,460
653
17001
{2,5981
13001
(1,0061
300
920
139
120
37,249
(i)
414
Other Mlnlstrles and Teams
Japan
Venezuela - V2020
West Afrlca Mlnlstrles
Asla Mlnlstrles
Europe Mlnlstrles
North Afrlca Mlnlstrles
Rellef M5nlstrles
Other M5nlstrles
33,420
24,285
12,796
33,420
19,329
5,512
600
43,271
15,000
500
{S,S461
(50,2781
(14,7001
1371
(io)
{277)
{3001
(ioi
38
3,205
491
3,265
25,083
148
71,815
{46,7161
(161
77
36
131530
121S65
553
UK Funds
Bulldln8 Project
Chrlstlan Motorcycle Assoclatlon
Ot￿r Funds
13,344
2,104
1485)
11,770)
12,859
3,234
3.874
19,967
2,900
240
3.341
Team Membersupport
40,410
140,410)
Total Restrfcled Funds
140.053 212 329
210.984
2,374
143.772
30

Workl Horfzons Llmited
Notes to the Flnancial Statements
for the year ended 3tst December 2024
Unrestrfrted Funds:
At tstjan Income Expendlture Trnnsfers At 31st De¢
2023
2023
General UK Funds
Teams
PR Team
234
1.7041
1,938
Support Mlnlsirles
General Funds
Membercare Funds
22,CK)1 15.70S
114,731)
14,295)
119,026)
2,147
1,320
827
25,125
1,933
27.058
16387
LlanellS Hub
1.448 133.428
193212)
2,010
43,674
Reglonal Teams
11,786)
13,507)
3,047
Other UK Funds
Trdiniffd Development
Wildstep
4254
(193)
4,061
1.682
5.743
5336
193
Totsl General Funds
44.6n 151.675
1114,4511
11374
79.522
Desl8nated Funds
Emergency Fund
Total De*nated Funds
10,000
io,oo)
io,o(M)
iO,(KK)
Total
54.6n 151,675
1114.4511
2,374
89,522
Capltsl Funds:
At tst Jan Income Expenditure Revaluation
2023
At 31st
Dec 2023
Capital Fund
Revaluatlon
237,082
130.000
367.082
18,407)
228,675
130,000
31

World Horizons Limited
Notes to the Financlal Statements
for the year ended 31st December 2024
20. Transfers between funds
Thls year:
£1,133 was transferred from restrlcted funds to UK Central Operatlons fund. Thls is a percentage of
restrlcted fund donations which is transferred to cover admln costs.
£1,320 was transferred from the Membercare fund to the Y Doc Qperatlons fvnd. Thls Is for rental costs for
the Membercare use of the office.
£I.000 was transferred from the Peter Yeung fund to the IDT fund.
£1,460 was transferred from the Venezuela team to the Venezuela V2020 team. The Venezuela team fund
was closed durlng the yearand moved to the Venezuela V2020 team.
£75 was transferred from the Mlddle East team and £175 was transferred from the North Afrlca Team to the
ME/NA conferen￿ fund. This was to cover the teams, costs of the conference.
21.Operatlng hases and other financlal commltments
Flnanclal commltments under non-cancellable operatlng leases wlll result In the followlng payments fallln8
due:
2024
2023
Land and Bulldlngs:
Explrlng after five years
9,850
9.850
Equlpment lease:
Explrlng In less than one year
Explrlng between one and two
vears
96
22.Transactlons wlth trustees and connected persons
The trustees were not paid or recelved any other benefits from employment wlth the charity In the perlod.
Small amounts were relmbursed to trustees and connected persons for expenses such as travel costs and
relrnbursements. No trustee recelved payment for professlonal or other seNl¢es supplled to the charlty.
32