WORLD ASSOCIATION FOR CHRISTIAN COMMUNICATION
Financial health, per its FY2024 accounts
The accounts state that the Group ended 2024 with a net asset deficit of £82,703, resulting in total net assets of £387,237, down from £469,941 in the prior year. Per the trustees' report, this loss was primarily due to project and operating expenses exceeding funding received, although revenue increased by 19% year over year. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern, citing sufficient reserve funds and core funding agreements.
What the accounts disclose
Corporate structure
- Registered company of the charity Companies House 02082273
What the charity says about itself (2018/19)
“print advertising revenues, which used to carry much of the cost of producing news, have fallen even faster, declining in a decade by 69%.”
“the number of full-time frontline journalists in the UK industry has dropped from an estimated 23,000 in 2007, to 17,000 today”
“In 2018, the Reuters Institute for the Study of Journalism reported that 74% of UK adults used some online method each week to find news”
“national papers from 11.5m daily copies in 2008 to 5.8m in 2018”
Leadership, per the charity’s website
- Sara Speicher — Deputy General Secretary
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Alba Sabate Gauxachs
- Corinne Barnes
- DR JAMES McDONNELL FCIPR
- EMBERT CHARLES
- Gregg Brekke
- Juha Rajamaki
- Luis David Morales Alba
- Matomklawe Kpalla
- Netani Rika
- Philip Lee
- Rania Rashad William
- Rev Vincent Rajkumar Rajendran
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £1.4m |
| 31/12/2023 | £1.1m | £1.3m |
| 31/12/2022 | £1.2m | £1.2m |
| 31/12/2021 | £1.2m | £1.3m |
| 31/12/2020 | £1.3m | £1.4m |
Common questions
Is WORLD ASSOCIATION FOR CHRISTIAN COMMUNICATION financially healthy?
The accounts state that the Group ended 2024 with a net asset deficit of £82,703, resulting in total net assets of £387,237, down from £469,941 in the prior year. Per the trustees' report, this loss was primarily due to project and operating expenses exceeding funding received, although revenue increased by 19% year over year. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern, citing sufficient reserve funds and core funding agreements. Its FY2024 accounts were audited by Sayer Vincent LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| KHODORKOVSKY FOUNDATION | 1 | £10.5m |
| THE DEO GLORIA TRUST | 1 | £10k |
| THE GOSHEN TRUST | 1 | £6k |