WORD INTERNATIONAL MINISTRIES UK
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves were £186,372, which the trustees consider to be approximately nine months of unrestricted fund expenditure, thereby complying with their stated policy of maintaining three to six months of expenditure. The charity reported a net surplus of £20,430 for the year, with total net assets increasing to £203,154.
What the accounts disclose
“It is the policy of the charity that unrestricted funds held in net current assets which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's of unrestricted fund expenditure.” — page 6
“During the year donations of £9,200 (2022: £8,750) were recieved from trustees and related parties.” — page 26
Trustees
- Christine May Madla Angeles
- Christopher Ordanza
- ESELLA TORTOSA LOCTUGAN
- GLENDA INOCENCIO
- ROBERT DOMINGO
- ROSARIO SALVADOR LIM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £233k | £239k |
| 31/12/2023 | £202k | £181k |
| 31/12/2022 | £170k | £145k |
| 31/12/2021 | £151k | £116k |
| 31/12/2020 | £156k | £118k |
Common questions
Is WORD INTERNATIONAL MINISTRIES UK financially healthy?
The accounts state that unrestricted reserves were £186,372, which the trustees consider to be approximately nine months of unrestricted fund expenditure, thereby complying with their stated policy of maintaining three to six months of expenditure. The charity reported a net surplus of £20,430 for the year, with total net assets increasing to £203,154. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| RELEASE ERITREA | 1 | £379k |
| THE SOLE 2 SOUL FOUNDATION | 1 | £210k |
| ALL NATIONS | 1 | £144k |
| LIFE CHURCH (CENTRAL ENGLAND) | 1 | £42k |
| CITY CHURCH ( CAMBRIDGE ) | 1 | £37k |
| KINGSGATE CHURCH TRUST | 1 | £30k |
| AYLSHAM COMMUNITY CHURCH | 1 | £24k |
| HIGHWAY ONE TRUST | 1 | £20k |