_Company Registration No. 01572178 England & Wales Charity No. 283041 Scottish Charity No. SC038451_
## **Word of Life Ministries UK Limited**
**(A company limited by guarantee)**
Trustees’ Report and Financial Statements For the year ended 31 March 2026
Word of Life Ministries UK Limited
**Contents of the Financial Statements** for the year ended 31 March 2026
||Page|
|---|---|
|Report of the Trustees|1 - 4|
|Report of the Independent Examiner|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 – 14|
Word of Life Ministries UK Limited
**Report of the Trustees** for the year ended 31 March 2026
The Trustees (who are also Directors for the purpose of Company law) are pleased to present their report together with the financial statements of the company for the year to 31 March 2026.
## **Reference and administrative details**
**Registered office Place of business Bankers** 23 Windmill Avenue C/o The Fisherrow Centre CAF Bank Raunds South Street 25 Kings Hill Avenue Wellingborough Musselburgh West Malling NN9 6JX EH21 6EE ME19 4JQ
The Ministry Director and staff all work from their homes in Edinburgh, Scotland.
## **Status of Company and Governing Document**
Word of Life Ministries UK Limited (WOL UK) is a private company limited by guarantee (Number 01572178) and is a registered charity in England & Wales (Number 283041) and a registered charity in Scotland (Number SC038451), constituted under an updated Memorandum of Association dated 10 June 2004.
## **Trustees and Office Bearers**
**Board of Trustees** David Kunzi Chair Madeleine Robins Secretary Amanda Dunlop Matthew Melville Stuart Rankin Klaas Schuur (appointed 30 March 2026) John Tellis Andreas Wenzel Matthew Pitts (resigned 31 May 2025)
## **Governance**
The Board of Trustees exist to oversee the running of the charitable company and are responsible for the strategic direction. New Trustees are appointed by the existing Trustees and serve for a term of 3 years after which they may put themselves forward for reappointment.
The day-to-day management of staff and activities is delegated to David Kunzi in his role as Ministry Director. He is employed by a mission organisation in Switzerland and seconded to WOLUK as defined in a signed agreement between the two parties.
## **Objective**
The objective of the organisation is to help create a movement of young mature disciples in local churches who love Christ and will passionately share Christ to reach their generation in the UK and beyond.
Page 1
Word of Life Ministries UK Limited
## **Report of the Trustees** for the year ended 31 March 2026
## **Activities**
- The significant activities undertaken to further these aims are:
- Welcoming self-funded and vetted Interns from Word of Life USA and train them to work with local charities.
- Offering WOL reading and study materials to local churches.
- Supporting several youth groups.
- Leading certain youth events, like Nerf Parties.
- Engaging with local churched and building a trusted network with them to share needs, offer programmes and volunteer solutions.
- Building relationships with like-minded organisations country wide to learn different methods and hear different success stories to duplicate them.
- Inviting speakers to conferences to teach on positive family habits.
- Running kids holiday bible clubs in collaboration with local churches.
The Trustees have had regard to the Charity Commission’s guidance on public benefit.
## **Achievements and performance**
In this period, the ministry has seen continued growth, with a focus on increasing and expanding outreach opportunities, and strengthening partnerships with local churches. The second half of the year made progress towards recruiting and developing future missionaries, encouraging and training existing staff and finding opportunity to represent and increase the visibility of WOL UK.
Two mission teams visited in Spring 2025 who engaged in DIY projects, local outreach and children’s evangelistic events. An additional mission team served WOL UK in partnership with Wallyford Community Church in Autumn 2025.
WOL UK participated in a global evangelism initiative with David Kunzi leading efforts in East Lothian – the organisation sought to combine both in-person and social media engagement as part of this, responding to the increasing digitisation and online presence of young people. In November, the team organised and delivered an additional evangelism training day (Dare 2 Share) for approximately 30 teenagers from 9 churches which combined practical training and active evangelism on the streets of Edinburgh.
New staff members in this period were Mauricio and Melany who arrived in June 2025 to expand the team capacity and Mackenzie, a 1-year Marketing focussed assistant. A staff retreat was organised in September to allow time for pause, teaching and team-building as well as communicating strategic direction and vision for the future. Several interns served with WOL over the course of the year in collaboration with a local church partnership. They assisted with Local outreach, Church ministry support and summer camp/holiday club preparation. The first WOL-led holiday club took place in Musselburgh with around 40 children in attendance.
The successful strategy of utilising the existing and established Summer and Winter camps in Spain was continued this year with several teenagers travelling to attend each camp – these provided immersive evangelism and discipleship opportunities. This continues to be an effective way for the ministry to offer meaningful discipleship of teenagers. A new initiative was launched in Q4 2025: Youth Leadership Development Initiative (YLDI) comprising monthly leadership training – planned and delivered by WOL staff - to young people to promote personal Spiritual growth, develop their Leadership skills and encourage serving in local churches.
Various conferences were attended in late 2025 – early 2026 to plan for future recruitment & networking. David Kunzi attended the Word of Life Missions Conference (New York) and then undertook preaching at camps in Panama. Mauricio and Melany represented WOL UK at the Hungary Missions Conference promoting ministry opportunities with WOL.
There were a number of regular and consistent activities undertaken by the teams including church partnerships, outreach events, Schools and Youth outreach alongside Scripture Union and Partnership with the Christian Heritage Centre in Edinburgh city.
Page 2
Word of Life Ministries UK Limited
**Report of the Trustees** for the year ended 31 March 2026
## **Plans for 2026/2027**
Key priorities for the year ahead are:
- Expand youth leadership development (YLDI) ensuring that the current format is effective and deliver an advanced course if needed. Organise and run 1 x weekend camp for teens before the end of 2026. In the winter and summer, staff will again accompany a group of teenagers from Scotland to attend the established WOL Spain summer camp.
- Strengthen local church partnerships in East Lothian and Edinburgh and establish new ones offering packages that include our resources, coaching and team building training. Continue to partner with local churches to arrange and deliver day camps and conferences (including Holyrood and Wallyford churches). The organisation will continue to provide support to a volunteer couple based in Dublin, Ireland, as they develop their youth ministry within their local church.
- Rebuild and expand school outreach (SU clubs) with an aim to be involved in three Secondary School SU Clubs in Edinburgh and East Lothian. Explore whether there are additional university Christian Unions which would benefit from help and support – especially for their mission weeks. There are two young women from Scotland and Ireland studying at the Word of Life Bible Institutes in Florida and Argentina. Last year and this year again, a local Bible teacher is teaching the Bible at the WOL Argentina Bilingual Bible Program.
- Increase missionary recruitment and training pathways. Team members should again attend core WOL mission conferences to continue to share about training and serving opportunities in the UK and maintain the visibility of the organisation at a global scale.
- Grow sustainable structures for long-term ministry impact. Improve the board structure, improve HR and Finance Policies, and governance in general. Utilise an external agency to help review the ministry and highlight core areas of strength and suggestions to implement for improvement.
## **Financial review**
## _**Results for the year**_
The financial statements for the year are set out on pages 6 to 14. The Statement of Financial Activities on page 6 reflects net income of £3,984 (2025: net expenditure of £16,303). Total funds amounted to £85,992 (2025: £82,008), of which £73,298 (2025: £67,653) was unrestricted and £12,694 (2025: £14,355) was restricted. The Trustees continue to monitor the financial situation closely during these financially challenging times for the sector.
## _**Reserves policy**_
The total unrestricted reserves held at 31 March 2026 amounted to £73,298 (2025: £67,653). It is the policy of the Charity to build up sufficient reserves to meet the planned expenditure requirement for the next year. This policy was met this year-end.
The policy is being kept under review by the Board to ensure it continues to adequately reflect the financial risks of the Charity during the current challenging climate.
## **Statement on risk**
The Trustees, as Directors of the Company, have a duty to identify and review the risks to which the Company is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees considered risks to which the Company may be subject and are satisfied that they have introduced procedures to mitigate the possible effects of those risks.
Page 3
Word of Life Ministries UK Limited
**Report of the Trustees** for the year ended 31 March 2026
## **Statement of Trustees’ responsibilities**
Charity law requires the Trustees (who are also the Directors) to prepare financial statements for each financial year which give a true and fair view of the state of the Company’s affairs and of its income and expenditure, including its surplus or deficit for that year, and which have been properly prepared from and are in agreement with the accounting records of the Company and comply with relevant disclosure requirements.
In preparing those financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the Company’s financial position and enable the Trustees to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for taking such steps as are reasonably open to them to safeguard the Company’s assets and to prevent and detect fraud and other irregularities.
The report has been prepared having taken advantage of the small companies’ exemption in the Companies Act 2006.
## **On behalf of the Trustees**
## Madeleine Robins
## **Madeleine Robins**
Director
Date: 22 June 2026
Page 4
## Word of Life Ministries UK Limited
**Report of the Independent Examiner to the Trustees** for the year ended 31 March 2026
I report on the accounts of the company for the year ended 31 March 2026 which are set out on pages 6 to 14.
## **Respective responsibilities of Trustees and examiner**
The Charity Trustees (who are also the Directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011, the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Charity Trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Charities and Trustee Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Basis of independent examiner’s statement**
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations (as amended) and the Charities Act 2011. An examination includes a review of the accounting records kept by the Company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the Directors concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent Examiner’s Statement**
In the course of my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with Section 130 of the Charities Act 2011, Section 44(1) (a) of the Charities and Trustee Investment (Scotland) Act 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and
- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended)
have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Alison Franks
## **Alison Franks**
_Director_
Cornerstone Accounting Limited Chartered Accountants
11 Erngath Road Bo’ness EH51 9DP
Date: 7 July 2026
Page 5
Word of Life Ministries UK Limited
## **Statement of Financial Activities (incorporating Income and Expenditure account)**
For the year ended 31 March 2026
|**General**
**fund**
**Notes**
**£**
**Income and endowments**
Donations and legacies
2
**72,883**
Charitable activities
3
**33,910**
Investments
4
**1,175**
**Total income and endowments**
**107,968**
**Expenditure**
Raising funds
5
**378**
Charitable activities
6
**105,317**
**Total expenditure**
**105,695**
**Net (losses)/gains on investments**
8
**3,574**
**Net (expenditure)/income**
**5,847**
Transfers between funds
11
**(202)**
**Net movement in funds**
**5,645**
Total funds brought forward
**67,653**
**Total funds carried forward**
**73,298**
**Represented by:**
General fund
11
**73,298**
Restricted funds
11
**-**
**Total funds**
**73,298**|**Restricted**
**funds**
**£**
**55,525**
**-**
**-**
**55,525**
**-**
**57,388**
**57,388**
**-**
**(1,863)**
**202**
**(1,661)**
**14,355**
**12,694**
**-**
**12,694**
**12,694**|**2026**
**Total**
**£**
**128,408**
**33,910**
**1,175**
**163,493**
**378**
**162,705**
**163,083**
**3,574**
**3,984**
**-**
**3,984**
**82,008**
**85,992**
**73,298**
**12,694**
**85,992**|General
fund
£
40,416
37,747
1,674
79,837
862
87,822
88,684
2,214
(6,633)
(565)
(7,198)
74,851
67,653
67,653
-
67,653|Restricted
funds
£
64,640
-
**-**
64,640
-
74,310
74,310
-
(9,670)
565
(9,105)
23,460
14,355
-
14,355
14,355|2025
Total
£
105,056
37,747
1,674
144,477
862
162,132
162,994
2,214
(16,303)
-
(16,303)
98,311
82,008
67,653
14,355
82,008|
|---|---|---|---|---|---|
The notes on pages 8 to 14 form part of these financial statements.
Page 6
Word of Life Ministries UK Limited
(Registered No: 01572178)
## **Balance sheet**
As at 31 March 2026
|**General**
**fund**
**Notes**
**£**
**Fixed assets**
Tangible assets
7
**37,940**
Investments
8
**47,856**
**Total fixed assets**
**85,796**
**Current assets**
Debtors
9
**734**
Cash at bank and in hand
**16,022**
**Total current assets**
**16,756**
**Liabilities**
Creditors: falling due within one year
10
**7,938**
**Net current assets**
**8,818**
**Total assets less current liabilities**
**94,614**
Creditors: falling due after more than one year
10
**21,316**
**Net assets**
**73,298**
**Funds of the Charity**
General fund
11
**73,298**
Restricted funds
11
**-**
**Total charity funds**
**73,298**|**Restricted**
**funds**
**£**
**-**
**-**
**-**
**-**
**14,000**
**14,000**
**1,306**
**12,694**
**12,694**
**-**
**12,694**
**-**
**12,694**
**12,694**|**2026**
**Total**
**£**
**37,940**
**47,856**
**85,796**
**734**
**30,022**
**30,756**
**9,244**
**21,512**
**107,308**
**21,316**
**85,992**
**73,298**
**12,694**
**85,992**|General
fund
£
51,149
38,698
89,847
-
8,221
8,221
5,483
2,738
92,585
24,932
67,653
67,653
-
67,653|Restricted
funds
£
-
-
-
726
16,082
16,808
2,453
14,355
14,355
-
14,355
-
14,355
14,355|2025
Total
£
51,149
38,698
89,847
726
24,303
25,029
7,936
17,093
106,940
24,932
82,008
67,653
14,355
82,008|
|---|---|---|---|---|---|
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The Directors acknowledge the following:
their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of the accounts; and
that the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The financial statements on pages 6 to 14 were approved by the Trustees on 22 June 2026 and signed on their behalf by:
## Madeleine Robins
__________________________
## **Madeleine Robins, Director**
The notes on pages 8 to 14 form part of these financial statements.
Page 7
## Word of Life Ministries UK Limited
**Notes to the Financial Statements** for the year ended 31 March 2026
## **1. Accounting policies**
## _**Accounting convention**_
The financial statements are prepared under the historical cost convention and in accordance with FRS 102, and in compliance with the Charities SORP 2019, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006. The principal accounting policies adopted in the preparation of the financial statements are set out below.
Word of Life Ministries UK Limited meets the definition of a public benefit entity under FRS 102.
## _**Company status**_
The charity is a private company limited by guarantee and registered in England & Wales. The members of the company are Directors named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
## _**Basis of financial statements**_
The financial statements have been prepared on an accruals basis. The Trustees consider that there are no material uncertainties so the accounts have been prepared on a going concern basis.
## _**Income and debtors**_
All income is included on the Statement of Financial Activities when the Company is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.
Debtors are valued at cost at the year-end and adjusted for any amounts considered to be irrecoverable.
## _**Expenditure and creditors**_
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Support costs are those costs incurred directly in support of expenditure on the objects of the company.
Creditors are valued at cost at the year-end and split between amounts due in less than one year and amounts due in more than one year.
## _**Taxation**_
The Company is exempt from Corporation Tax on its charitable activities.
## _**Tangible fixed assets and depreciation**_
Tangible fixed assets over £500 are capitalised and are stated at cost less depreciation, adjusted for any diminution of value in the year. Depreciation is provided at rates calculated to write off the cost less estimated residual value, over their expected useful lives, as follows:
- Fixtures and fittings
- Motor vehicles
- Office equipment
25% reducing balance 25% reducing balance 25% reducing balance
Page 8
## Word of Life Ministries UK Limited
**Notes to the Financial Statements** for the year ended 31 March 2026
## **1. Accounting policies (continued)**
## _**Investments**_
Fixed asset investments are included in the accounts at quoted market value at the year-end. Any gains or losses arising on disposal or revaluations are included in the SOFA.
## _**Cash at bank and in hand**_
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit account.
## _**Fund accounting**_
For the purpose of the Statement of Financial Activities, funds are defined as follows:
_Unrestricted_ funds comprise income received for the objects of the company without further specified purpose and are available as general funds or are placed within designated funds which can be used for purposes in agreement with its charitable objectives.
_Restricted_ funds comprise income which has been received for the objects of the company and specified for a restricted purpose within these objects by the donor.
## _**Foreign currencies**_
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling on the transaction date.
## _**Pensions**_
The company operates a defined contribution pension scheme with NEST. The pension charge represents the amount payable by the company into the scheme in the year.
## _**Donated goods and services**_
The Charity benefited from the services of the Ministry Director who has been seconded to WOLUK from a mission organisation based in Switzerland; and, missionaries Alex and Rachel Burroughs and Stephen Griffith, seconded from WOL US.
- The charity has around 21 regular volunteers who carry out the following services for the charity:
- 3 short term volunteers from the US to support our mission with young people (4-12 weeks each)
- 1 one-year volunteer from the US to support our mission with young people
- 9 mission supporters with young people
- 8 Board members
In addition, we have had 31 volunteers from the US and 13 volunteers from Europe this year who have each visited and supported the charity for 1 week each.
Page 9
## Word of Life Ministries UK Limited
Notes to the financial statements
For the year ended 31 March 2026
## **2. Donations and legacies**
|Donations from UK
Donations from USA
Gift aid receivable
Grants
**come from charitable activities**
Mission trip income
Camp income
Event income
Income for interns
Admin charge income
Literature sales
Merchandise and tuckshop sales|**General**
**fund**
**£**
**2,205**
**70,678**
**-**
**-**
**72,883**
**General**
**fund**
**£**
**17,743**
**11,423**
**1,778**
**2,000**
**295**
**364**
**307**
**33,910**|**Restricted**
**funds**
**£**
**11,224**
**43,091**
**1,210**
**-**
**55,525**
**Restricted**
**funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2026**
**Total**
**£**
**13,429**
**113,769**
**1,210**
**-**
**128,408**
**2026**
**Total**
**£**
**17,743**
**11,423**
**1,778**
**2,000**
**295**
**364**
**307**
**33,910**|General
fund
£
533
39,883
-
-
40,416
General
fund
£
32,355
3,485
946
-
596
365
-
37,747|Restricted
funds
£
24,484
34,828
3,328
2,000
64,640
Restricted
funds
£
-
-
-
-
-
-
-
-|2025
Total
£
25,017
74,711
3,328
2,000
105,056
2025
Total
£
32,355
3,485
946
-
596
365
-
37,747|
|---|---|---|---|---|---|---|
## **3. Income from charitable activities**
## **4. Investment income**
|Dividend income
Interest receivable
**penditure on raising funds**
Investment management costs|**General**
**fund**
**£**
**962**
**213**
**1,175**
**General**
**fund**
**£**
**378**|**Restricted**
**funds**
**£**
**-**
**-**
**-**
**Restricted**
**funds**
**£**
**-**|**2026**
**Total**
**£**
**962**
**213**
**1,175**
**2026**
**Total**
**£**
**378**|General
fund
£
1,543
131
1,674
General
fund
£
862|Restricted
funds
£
-
-
-
Restricted
funds
£
-|2025
Total
£
1,543
131
1,674
2025
Total
£
862|
|---|---|---|---|---|---|---|
## **5. Expenditure on raising funds**
Page 10
## Word of Life Ministries UK Limited
Notes to the financial statements For the year ended 31 March 2026
## **6. Expenditure on charitable activities**
|Wages and salaries
Employer pension
Staff training costs
Other staff costs
Ministry costs
Internship expenses
Sponsorship licenses and visa costs
Camp expenses
Event expenses
Mission trip expenses
Literature costs
Small equipment purchases
Conference expenses
Vehicle and travel expenses
Subsistence costs
Insurance costs
IT and office costs
Advertisting and promotion
Subscriptions
Small gifts
Depreciation
Loss on disposal of fixed assets
Donations to UK missionaries
Donations to overseas missionaries
Third party donations
Professional fees
Board expenses
Cornerstone Accounting fees:
Independent examination fee
Payroll services
Bank charges
Loss on foreign exchange
**Total expenditure**|**General**
**fund**
**£**
**9,875**
**-**
**-**
**68**
**100**
**174**
**1,299**
**26,096**
**3,017**
**18,097**
**1,493**
**1,712**
**105**
**6,850**
**778**
**834**
**10,142**
**2,252**
**342**
**77**
**12,788**
**421**
**-**
**-**
**2,314**
**4,047**
**-**
**1,200**
**696**
**374**
**166**
**105,317**|**Restricted**
**funds**
**£**
**31,891**
**2,390**
**520**
**267**
**17**
**865**
**4,348**
**916**
**292**
**6**
**70**
**302**
**553**
**5,643**
**534**
**-**
**140**
**20**
**-**
**35**
**-**
**-**
**7,146**
**1,433**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**57,388**|**2026**
**Total**
**£**
**41,766**
**2,390**
**520**
**335**
**117**
**1,039**
**5,647**
**27,012**
**3,309**
**18,103**
**1,563**
**2,014**
**658**
**12,493**
**1,312**
**834**
**10,282**
**2,272**
**342**
**112**
**12,788**
**421**
**7,146**
**1,433**
**2,314**
**4,047**
**-**
**1,200**
**696**
**374**
**166**
**162,705**|General
fund
£
2,601
-
-
135
6,216
364
914
3,628
2,948
16,956
1,142
2,967
-
6,658
511
888
16,579
3,787
584
-
17,049
-
300
1,557
-
-
25
1,200
624
157
32
**87,822**|Restricted
funds
£
41,052
21,141
-
-
1,420
1,200
-
41
-
-
56
262
-
4,724
292
-
538
60
-
-
-
-
-
3,524
-
-
-
-
-
-
-
**74,310**|2025
Total
£
43,653
21,141
-
135
7,636
1,564
914
3,669
2,948
16,956
1,198
3,229
-
11,382
803
888
17,117
3,847
584
-
17,049
-
300
5,081
-
-
25
1,200
624
157
32
**162,132**|
|---|---|---|---|---|---|---|
The average number of staff employed during the year was 3 (2025: 3). No employees were paid more than £60,000. None of the staff met the definition of key management personnel. Holiday pay of £463 has been accrued at the year-end (2025: nil).
Page 11
Word of Life Ministries UK Limited
Notes to the financial statements
For the year ended 31 March 2026
## **7. Tangible fixed assets**
|**Cost**
At 1 April 2025
Disposals
At 31 March 2026
**Depreciation**
At 1 April 2025
Charge for year
Eliminated on disposals
At 31 March 2026
**Net book value**
At 31 March 2026
At 31 March 2025
**8. Investments**
**Market value**
Market value at 1 April
Additions (at cost)
Disposals (proceeds)
Dividends received and reinvested
Fees charged
Net gain/(loss) in investments
**Market value at 31 March**
**Historic cost**
Historic cost at 1 April
Additions (at cost)
Disposals (at cost)
**Historic cost at 31 March**
**Net gains/(losses) on investments comprise:**
Realised gains on disposal
Unrealised gain/(loss) on valuation|**Motor**
**vehicles**
**£**
75,849
-
75,849
26,384
12,366
-
38,750
**37,099**
49,465|**Office**
**equipment**
3,436
(999)
2,437
1,752
422
(578)
1,596
**841**
1,684
**2026**
**Total**
**£**
**38,698**
**6,940**
**(1,940)**
**962**
**(378)**
**3,574**
**47,856**
**25,985**
**6,356**
**(1,663)**
**30,678**
**277**
**3,297**
**3,574**|**Total**
**£**
**79,285**
**(999)**
**78,286**
**28,136**
**12,788**
**(578)**
**40,346**
**37,940**
51,149
**2025**
**Total**
**£**
73,803
5,660
(43,660)
1,543
(862)
2,214
38,698
64,105
-
(38,120)
25,985
5,540
(3,326)
2,214|
|---|---|---|---|
Page 12
## Word of Life Ministries UK Limited
## Notes to the financial statements
For the year ended 31 March 2026
## **9. Debtors**
|**General**
**fund**
**£**
Gift aid recoverable
**734**
**734**
**Creditors: falling due within one year**
**General**
**fund**
**£**
Trade creditors
**1,059**
Accruals and deferred income
**3,263**
Taxation and social security
**-**
Other creditors
**3,616**
**7,938**
**Creditors: falling due after more than one year**
**General**
**fund**
**£**
Other creditors
**21,316**
**21,316**
**Funds analysis**
**Current year**
**Balance at**
**01.04.25**
**_Unrestricted funds_**
**£**
General fund
**67,653**
**Total unrestricted funds**
**67,653**
**_Restricted funds_**
Internship programme fund
**800**
UK (Meszaros) fund
**7,636**
UK (Burroughs) fund
**5,342**
UK (Bardelli fund)
**103**
UK (Griffith) fund
**-**
UK (Tellis) fund
**65**
UK (Mackenzie) fund
**-**
Hungary (Csikos Gabor) fund
**-**
Hungary (Rakossy Monika) fund
**-**
Argentina (Lorenzen Casper) fund
**409**
**Total restricted funds**
**14,355**|**Restricted**
**2026**
**funds**
**Total**
**£**
**£**
**-**
**734**
**-**
**734**
**Restricted**
**2026**
**funds**
**Total**
**£**
**£**
**-**
**1,059**
**-**
**3,263**
**1,306**
**1,306**
**-**
**3,616**
**1,306**
**9,244**
**Restricted**
**2026**
**funds**
**Total**
**£**
**£**
**-**
**21,316**
**-**
**21,316**
**Income Expenditure**
**£**
**£**
**107,968**
**(105,695)**
**107,968**
**(105,695)**
**-**
**(800)**
**15,205**
**(22,905)**
**-**
**(2,350)**
**35,602**
**(26,617)**
**2,925**
**(2,925)**
**-**
**(65)**
**446**
**(293)**
**99**
**(160)**
**-**
**(77)**
**1,248**
**(1,196)**
**55,525**
**(57,388)**|General
fund
£
-
-
General
fund
£
667
1,200
-
3,616
5,483
General
fund
£
24,932
24,932
**Investm't**
**gains**
**£**
**3,574**
**3,574**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|Restricted
funds
£
726
726
Restricted
funds
£
-
-
2,453
-
2,453
Restricted
funds
£
-
-
**Transfers**
**£**
**(202)**
**(202)**
**-**
**64**
**-**
**-**
**-**
**-**
**-**
**61**
**77**
**-**
**202**|2025
Total
£
726
726
2025
Total
£
667
1,200
2,453
3,616
7,936
2025
Total
£
24,932
24,932
**Balance at**
**31.3.26**
**£**
**73,298**
**73,298**
**-**
**-**
**2,992**
**9,088**
**-**
**-**
**153**
**-**
**-**
**461**
**12,694**|
|---|---|---|---|---|
## **10. Creditors: falling due within one year**
## **11. Funds analysis**
**See overleaf for explanation of funds**
Page 13
Word of Life Ministries UK Limited
Notes to the financial statements
For the year ended 31 March 2026
## **11. Funds analysis (continued)**
## _**Prior year**_
|_Unrestricted funds_
_General fund_
_Total unrestricted funds_
_Restricted funds_
_UK (Meszaros) fund_
_UK (Burroughs) fund_
_Hungary (Csikos Gabor) fund_
_Hungary (Rakossy Monika) fund_
_Serbia (Vika Darko) fund_
_Argentina (Lorenzen Casper) fund_
_Total restricted funds_|_Balance at_
_1.4.24_
_£_
_74,851_
_74,851_
_22,892_
_(18)_
_7_
_10_
_(17)_
_586_
_23,460_|_Income Expenditure_
_£_
_£_
_79,837_
_(88,684)_
_79,837_
_(88,684)_
_47,951_
_(63,207)_
_10,576_
_(5,216)_
_396_
_(420)_
_480_
_(511)_
_-_
_(120)_
_1,939_
_(2,116)_
_64,640_
_(74,310)_|_Investm't_
_gains_
_£_
_2,214_
_2,214_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|_Transfers_
_£_
_(565)_
_(565)_
_-_
_-_
_17_
_21_
_137_
_-_
_565_|_Balance at_
_31.3.25_
_£_
_67,653_
_67,653_
_7,636_
_5,342_
_-_
_-_
_-_
_409_
_14,355_|
|---|---|---|---|---|---|
## _**Explanation of funds**_
The _General fund_ represents all income and expenditure relating to the primary focus activities of the charity, other than those for which funding is restricted.
The _Internship programme fund_ represents funding received and utilised to develop an internship programme for the charity.
The _Missionary restricted funds_ represents funds raised to cover salaries and missionary work in the countries named. The transfers are to split a combined fund between individual missionaries.
## **12. Defined contribution pensions**
The Company operates a defined contribution plan for its staff with NEST. The total payments to the scheme are disclosed at note 6.
## **13. Directors' and other related parties' transactions**
Director, John Tellis, received £864 from the Charity for his work developing an internship programme.
Director, David Kunzi, had visa costs of £525 paid on his behalf by the Charity.
General expenses for meals associated with mission trips to the UK included David Kunzi and his wife. A staff retreat at the Keswick Convention Trust included David Kunzi and John Tellis along with their wives and families.
No donations were received from Directors or individuals related to the Directors in the year (2025: nil).
Faith Tellis, daughter of a Director, was paid £118 in the year for administration work carried out for the Charity. There were no other transactions with related parties during the year (2025: nil).
## **14. Liability of Members**
The company is limited by guarantee, with the liability of each member limited to £1. The members of the Company are those Trustees listed on page 1.
Page 14