WORLD HARVEST (UK)
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £93,973 for the year, resulting in a decrease in total net assets to £1,036,940. Per the trustees' report, free reserves are in deficit by £26,814, which is below the stated policy target of three months' budgeted routine expenditure (£140,000). The charity holds significant investment properties valued at £900,000 and has a long-term loan liability of £303,724.
What the accounts disclose
“No employee received emoluments in excess of £60,000 during the year.” — page 16
“The Trustees are aware that free reserves requirement is in excess of the free reserves deficit and are actively looking at ways in which the gap can be legitimately reduced” — page 6
“The son of Robert Heppe, a Trustee, has a restricted funds account in his name. During the year the charity received restricted funds in his name of £1,379 (2023: £ 1,937). At 31 December the account showed a credit in his name of £749 (2023: £20). The Trustees gave a total of £3,961 (2023: £nil) in unrestricted offerings and donations during the year.” — page 21
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (05/09/2023)
Trustees
- Robert Heppechair
- Keren Frances Heppe
- Marian Patel
- Matthew Irvine
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £686k | £780k |
| 31/12/2023 | £743k | £783k |
| 31/12/2022 | £764k | £699k |
| 31/12/2021 | £650k | £661k |
| 31/12/2020 | £751k | £638k |
Common questions
Is WORLD HARVEST (UK) financially healthy?
The accounts state that the charity reported a net deficit of £93,973 for the year, resulting in a decrease in total net assets to £1,036,940. Per the trustees' report, free reserves are in deficit by £26,814, which is below the stated policy target of three months' budgeted routine expenditure (£140,000). The charity holds significant investment properties valued at £900,000 and has a long-term loan liability of £303,724. Its FY2024 accounts were independently examined.
What does the highest-paid employee of WORLD HARVEST (UK) earn?
Per its FY2024 accounts, the highest-paid employee was in the Under £60,000 band.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE DEO GLORIA TRUST | 2 | £14k |
| THE VARDY FOUNDATION | 1 | £656k |
| London Homelessness Foundation | 1 | £25k |
| THE GOSPEL CENTRE | 1 | £14k |
| ICC MISSIONS | 1 | £10k |
| DRAPERS CHARITABLE FUND | 1 | £10k |
| SEEDFIELD TRUST | 1 | £5k |
| Indigent Welfare and Education Trust | 1 | £4k |