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2021-06-30-accounts

REGISTERED CHARITY NUMBER: 1046401 SCOTTISH CHARITY NUMBER: SC045694

Report of the Trustees and

Audited Financial Statements for the Year Ended 30 June 2021

for

The Life and Light Missions

The Life and Light Missions

Contents of the Financial Statements for the Year Ended 30 June 2021

Page
Report of the Trustees 1 to 9
Report of the Independent Auditors 10 to 12
Statement of Financial Activities 13
Balance Sheet 14
Cash Flow Statement 15
Notes to the Cash Flow Statement 16
Notes to the Financial Statements 17 to 27
Detailed Statement of Financial Activities 28 to 29

The Life and Light Missions

Report of the Trustees for the Year Ended 30 June 2021

The trustees have pleasure in presenting this report and the financial statements of the charity for the year ended 30 June 2021.

OBJECTIVES AND ACTIVITIES

A summary of the objects of the charity as set out in its governing document

The principal object of the charity is to advance education and the Christian Religion, primarily, but not exclusively to Romany gypsies and traveller in the United Kingdom and Overseas.

The charity aims to increase the number of ministers, provide equipment and counselling, and purchase and maintain functional property in furtherance of the charitable objectives.

The churches of the charity are operated by ministers and elders on a volunteer basis and the Trustees would like to acknowledge and thank them for their crucial role in the success of the charity.

The charity's aims including the changes or differences it seeks to make through its activities and the public benefit that is provided

Each year the trustees review our activities to ensure they continue to reflect our aims and objectives. In carrying out this review the trustees have considered the Charity Commissions public guidance on public benefit.

Personnel

Missionaries serving with the mission in UK and internationally at 30 June 2021 were:-

National Home
Ministers		 Fellows
UK 120 300
Europe 20 20
US 10 10
150 330

Home members missionaries include all those involved in a home ministry or office role within a national section of the Mission. The Life and Light Missions are based in countries such as Ireland and UK. A significant number of other volunteers have also been involved with practical projects or helping out in National Offices. Recruitment and raising support by missionaries continue to be major challenges in the present economic climate.

The work across the globe is supported by all members of the Spiritual Executive Committee and they encourage and aid members who act to recruit people, encourage prayers and develop financial resources. Churches across UK have continued to strengthen their activities during 2020/21 and it has been encouraging to see new candidates and recruits. Efforts continue towards developing and sending sections in Moldova and Ireland.

ACHIEVEMENT AND PERFORMANCE

A review of charitable activities undertaken by the charity

The main areas of The Life and Light Missions' activities are church planting, foreign missions, home missions, bible school, bible seminars and humanitarian work.

Page 1

The Life and Light Missions

Report of the Trustees for the Year Ended 30 June 2021

FINANCIAL REVIEW

Financial review of key expenses

Conferences, ministry support and educational training and teaching activities

The COVID19 developed rapidly in 2020. Measures taken by UK Government to contain the virus have affected over activities during 2020 and 2021. Over the past twelve months we have seen a fall in the gatherings and spiritual development due to COVID19. The increase in incoming resources in the year has enabled us to grow our programme but COVID19 restrictions has affected us in organising regular conferences along with the ministry support, seminars, holding educational training and teaching. During 2020/21 we managed to spend £23,381 on conferences & £20,577 on ministry resources and £2,307 on our education, training and teaching and £1,958 on books and bibles. As hoped, we continued to offer a number of opportunities for members to be active in the community. Where The Mission was able and considered appropriate, various activities were organised and support groups were aided to cater for the needs of the community. Various events were held during the year to which members were invited. The Mission also played an active part within the life of Churches and interesting programme of events was held. The Church continues to engage with others as part of our witness by offering periodical programmes and continues to be involved in Mission's activities locally, nationally and internationally.

Mission/Outreach

The Gospel message was preached and taught by various guest speaker and other delegates from UK and abroad by way of holding Sunday Gatherings, Gospel music, Programmes and Debates. Through these events at the Charity's conventions and missions, many people have come to knowledge of the Christian faith and experienced positive changes to their lives. We believe everyone has a role to play in mission and outreach by:

There is an effective Youth Ministry with a strong focus on the engagement of young people in church activities.

Buildings

One of the key expenditure consists of the general maintenance and operational costs associated with its church buildings in UK to accommodate public worship. Our aim is for the buildings to be an asset valued by both church and community and to develop an attractive building to cater for a wide range of activities and to accommodate growth.

Other - support activities

Historically another key expenditure for the church is the transportation service it provides. Most branches operate a minibus for feeding homeless street people through various mission events in UK. It is also used to enable vulnerable members and non-members to be transported to services and events, in particular children, young people and the elderly. The promotion of good relations between diverse communities underpins the Christian values of the church and is effected through the activities it organises and delivers. It has undertaken a range of promotional activities to increase public awareness of its mission and services. A website is constantly under development. Through its various activities, the church endeavours to make a spiritual, social, and moral difference to the lives of individuals, and the community it serves. Measures taken by UK Government to contain the virus have affected over activities including other support activities during the years 2020 and 2021 resulting into decrease in overall expenditures incurred during the year.

The specific cost of generating other fund was £nil.

The trustees would like to express their sincere thanks to all supports and volunteers for their commitment to the work of The Life and Light Missions.

Page 2

The Life and Light Missions

Report of the Trustees for the Year Ended 30 June 2021

FINANCIAL REVIEW

Financial review of income activities

As a religious voluntary organisation the charity's main source of funding are through its members' offerings and fund raising events such as Gospel Concerts, Special programmes, Conventions and personal gifts and donations. Mass collections of offerings and donations continued to be an important way for the benefactors to give support to The Life & Light Missions.

2021 2020
Collections £ 597,816 £ 506,014
Value of charitable expenditures £ 338,489 £ 538,382
Collection/charitable costs % 177% 94%
Value of publicity and outreach £ 13,323 £ 9,862
Value of the churches upkeep £ 42,135 £ 39,905

Page 3

The Life and Light Missions

Report of the Trustees for the Year Ended 30 June 2021

FINANCIAL REVIEW

Policies on reserves

The trustees have established a general reserve policy and regularly review the charity's activities to continue and maximise its activities and the value of income.

The trustees review the charity's reserves policy every year, ensuring a balance between spending on the immediate needs of its operations and setting aside a reserve to protect the charity. (See note 15)

The designated funds of £500,000 (2020: £500,000) represent unrestricted monies that the trustees have designated for specific purposes. The level of the unrestricted general reserves has provided some protection and would allow time to adjust to changing financial circumstances. This has limited the risk to service provision from operating deficits or an unexpected expenditure.

The investment policy and objectives, including the extent (if any) to which social, environmental or ethical considerations are taken into account

The current Rules and Constitution are silent on the investment powers of the committee, but it has long been the practice of the committee to place surplus funds not needed for immediate expenditure, as short term cash deposits with its bankers.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Transactions and Financial position

The financial statements are set out on pages 13 to 14 and notes to the financial statements on page 17 to 27. The financial statements have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The year under review was encouraging given the difficult economic conditions. The figures reflect both the strength of support from the community of Great Britain and success in our strategy of raising increasing amounts of funding. The Statement of Financial Activities show total incoming resources for the year of a revenue nature of £597,845 (2020: £506,049) and total outgoing resources of £338,489 (2020: £538,382) resulting in a net surplus/(deficit) of £259,356 (2020: deficit - £(32,333). The breakdown of the total expenditure is analysed in notes 4 and 5 of the financial statements.

The total retained reserves at the year end stand at £3,533,846 (2020: £3,274,490).

Specific changes in fixed assets

Changes in fixed assets are shown in detail in the notes to the accounts.

Page 4

The Life and Light Missions

Report of the Trustees for the Year Ended 30 June 2021

FUTURE PLANS

The trustees encourage Missions' growth and ministers will continue to be circulated in order to identify those that would benefit from its help.

The trustees hope to increase fund raising in the future by increasing the number of outdoor missions. They also hope to continue expansion into Moldova, Australia, Central Asia and Eastern Europe over the coming years. The trustees have continued to extend the charity's activities in Ireland as was drawn out in the detailed implementation strategy for the ensuing years:

Covid-19 impact

The trustees acknowledge, there is a requirement to consider and report on the viability of the charity in relation to the 'going concern' accounting concept and to ensure that the trustees' annual report is consistent with the conclusions from the trustees' assessment of the charity's ability to continue as a going concern. In our assessment, trustees have considered all available information about the future, covering at least 12 months from the date on which the trustees' annual report and accounts are approved by the trustees, as a body, and signed on their behalf.

The COVID-19 pandemic has profoundly changed the environment in which charities operate making the future uncertain. While the impact of the pandemic has led to an increased focus by our trustees on the viability of their charity and the need for more detailed assessments undertaken by the trustees around 'going concern. The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks, such as:

. The COVID-19 pandemic -risks to health and safety

. The charity continues its core activities

. Sufficient cash flows are available and secured

. Adequate management information is likely to enable good decision-making.

2020-21 will inevitably be strongly influenced by the Government direction and management of the pandemic across the UK and the world. However, the charity will remain focused on their public benefit responsibilities and needs of their service users in both response to COVID-19 and their individual circumstances that has brought them to our Missions.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Nature of the Governing Document and constitution of the charity

The Life and Light Missions is a registered Charity and formed under Deed of Trust dated 3 May 1995.

Page 5

The Life and Light Missions

Report of the Trustees for the Year Ended 30 June 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees

Trustees are appointed by the Executive Committee on an as and when required basis and the maximum numbers of members of the Executive Council shall be 10.

At each Annual General Meeting one third of the members of the Executive Committee, or the number nearest to one third shall retire but shall retain office until the end of the meeting. The retiring members shall be those who have been longest in office since their last election but as between members who have been in office the same length of time those to retire shall (unless they otherwise agree amongst themselves) be decided by lot. Retiring members shall be eligible for re-election. The Mission may at an Annual General Meeting fill vacancies in the Executive Committee by electing persons thereto.

Nominations for Honorary Officers and other members of the Executive Committee signed by a member of the Mission and by the person nominated to indicate willingness to serve must be received by the Honorary Secretary at least 21 days before the Annual General Meeting provided that if no nomination is so received for any vacancy a nomination made at the Annual General Meeting for that vacancy shall be valid.

The Executive Committee may from time to time appoint a member or person willing to become a member of the Mission as a member of the Executive Committee to fill a casual vacancy or by way of addition to the Executive Committee provided that the prescribed maximum be not thereby exceeded. Any member so appointed shall retain his office only until the end of the next Annual General Meeting.

The Executive Committee may from time to time co-opt additional members onto the Executive Committee notwithstanding that the prescribed maximum is exceeded PROVIDED that the number of co-opted members shall not exceed one third of the total number of members of the Executive Committee in accordance with the maximum limit of members as stated earlier.

Co-opted members shall be entitled to vote at meetings of the Executive Committee. They shall hold office only until the end of the next Annual General Meeting when they shall cease to be members of the Executive Committee but may at the discretion of the Executive Committee and subject to the provisions of this clause be co-opted for a further period of service.

The organisational structure of the charity and how decisions are made

The Life and Light Missions and its trustees are premiered and administered by a Spiritual Executive Committee comprising of community elders.Trustees are appointed by the Spiritual Executive Committee members and are responsible for overseeing the accounts and financial resources of the charity. Trustees are entrusted with the responsibility of making decisions for the charity based upon consultation and majority consent of the members of the Spiritual Executive Committee.

The trustees give their time voluntarily and receive no private benefits from the Charity. However, no member of the Executive Committee shall supply or be directly interested in the supply of goods or services to the Mission except by way of free gift or on a basis which shows no profit or gain directly or indirectly to the member concerned PROVIDED that this clause shall not apply to:

(a) The repayment to members of the Executive Committee of reasonable out of pocket expenses.

(b) A member who holds not more than one hundredth part of the capital of a company supplying goods or services to the Mission.

(c) A member who is an official of a Bank at which funds of the Mission are deposited.

(d) A member who prior to his election or appointment was already carrying on the business of supplying goods or services to the organisation at a price not exceeding the fair market price and on normal trade terms; but the member shall absent himself from any meeting during the discussion of such business and shall refrain from voting on the matter.

Induction and training of new trustees

Newly appointed Trustees are routinely inducted; this includes meeting with the existing Trustees.

Page 6

The Life and Light Missions

Report of the Trustees for the Year Ended 30 June 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

The major risks to which the charity is exposed, reviews and systems to mitigate

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. The trustees are of the opinion that the charity is not exposed to any major uninsured risks as it has a strong cash reserve position and are dependent for funding only on its churches' members which is growing.

The trustees regularly review the operations of the charity including any changes to the service delivery to identify key risks against the cover provided by the current insurance policies which are then re-negotiated if required to ensure adequacy of cover.

The Charity is reliant upon our community's regular donations. An economic downturn could have a direct impact on our donors' ability to continue its support. The economic and political landscape is uncertain and could have a significant impact on cash use of the Charity. Trustees therefore aim to keep abreast of economic conditions both in the UK and abroad. Overheads are carefully monitored to ensure that resources are used effectively.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1046401

Principal address

The Chimes Green Road Egham TW20 8QP

Trustees

Mr J Boyd - Chairman Mr J Mitchell - Vice Chairman Mr S Smyth Mr G Smith

Spiritual executive committee

Mr J Boyd Mr S Smith Mr S Lee Mr G Smith Mr R Price Mr N Price Mr A Stephenson

Secretary and Treasurer

Mr J Mitchell

Auditors

Maurice Brooks (Senior Statutory Auditor) Johnson Smith & Co Limited Chartered Accountants & Statutory Auditors Centurion House London Road Staines Surrey TW18 4AX

Page 7

The Life and Light Missions

Report of the Trustees for the Year Ended 30 June 2021

REFERENCE AND ADMINISTRATIVE DETAILS Solicitors

E A Neary Ltd 119A Guildford Street Chertsey Surrey KT16 9AL

Bankers

Barclays Bank Plc The Bridge Walsall Bridge West Midland WS1 1RN

Royal Bank of Scotland Plc 101 High Street Montrose DD10 8QT

STATEMENT ON PUBLIC BENEFIT

The board believe that the charity's planting and associated activities advance religion by expressing God's concern for the spiritual and physical needs of all people. Our activities provide a means by which people of any faith, or none, can gain an awareness of Christian belief and lifestyle and can gain support and assistance to deal with difficulties or pressures they may be facing in everyday life whether that be spiritual needs, health issues, educational requirements, family issues or personal problems. Our church related activities bring us into contact with all the people in and around the communities where we are located and we provide guidance, assistance and comfort to all people irrespective of their social, economic, ethnic or religious background.

The objective and activities and achievement section of this report has set out the activities which the Charity undertakes for the public benefit. The Executive Committee confirms that it has complied with the duty in respect of section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the commission in determining the activities undertaken by the charity.

ENVIRONMENTAL POLICY

The Charity believes that protection of the environment is an integral part of good Missions' practice. The Charity is committed to its responsibility for minimising the environmental impacts of its operations and will continuously aim to improve its environmental performance.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

Page 8

The Life and Light Missions

Report of the Trustees for the Year Ended 30 June 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AUDITOR

Johnson Smith & Co Limited have been re-appointed as auditor for the ensuing year.

Approved by order of the board of trustees on 4 November 2022 and signed on its behalf by:

........................................................................

Mr J Boyd - Trustee

Page 9

Report of the Independent Auditors to the Trustees of The Life and Light Missions

Opinion

We have audited the financial statements of The Life and Light Missions (the 'charity') for the year ended 30 June 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 10

Report of the Independent Auditors to the Trustees of The Life and Light Missions

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism through the audit and we also;

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 11

Report of the Independent Auditors to the Trustees of The Life and Light Missions

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Maurice Brooks (Senior Statutory Auditor) Johnson Smith & Co Limited Chartered Accountants & Statutory Auditors Centurion House London Road Staines Surrey TW18 4AX

Date: 4.11.2022

Page 12

The Life and Light Missions

Statement of Financial Activities for the Year Ended 30 June 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Charitable activities
4
Charitable activity
NET INCOME/(EXPENDITURE)
Transfers between funds
15
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
597,816
29
597,845
338,465
259,380
1,789
261,169
3,261,337
3,522,506		 Restricted
funds
£
-
-
-
24
(24)
(1,789)
(1,813)
13,153
11,340		 30.6.21
Total
funds
£
597,816
29
597,845
338,489
259,356
-
259,356
3,274,490
3,533,846		 30.6.20
Total
funds
£
506,014
35
506,049
538,382
(32,333)
-
(32,333)
3,306,823
3,274,490

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 13

The Life and Light Missions

Balance Sheet 30 June 2021

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash in hand
11
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds:
General fund
Designated Fund
Restricted funds
TOTAL FUNDS		 30.6.21
£
2,075,026
3,518
1,467,227
1,470,745
(11,925)
1,458,820
3,533,846
3,533,846
3,022,506
500,000
3,522,506
11,340
3,533,846		 30.6.20
£
2,080,623
3,321
1,203,760
1,207,081
(13,214)
1,193,867
3,274,490
3,274,490
2,761,337
500,000
3,261,337
13,153
3,274,490

The financial statements were approved by the trustees and signed by the Board of Trustees and authorised for issue on 4 November 2022 and were signed on its behalf by:

............................................. Mr J Boyd - Trustee

............................................. Mr J Mitchell - Trustee

The notes form part of these financial statements

Page 14

The Life and Light Missions

Cash Flow Statement for the Year Ended 30 June 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 30.6.21
£
343,613
343,613
(80,175)
29
(80,146)
263,467
1,203,760
1,467,227		 30.6.20
£
59,989
59,989
(217,102)
35
(217,067)
(157,078)
1,360,838
1,203,760

The notes form part of these financial statements

Page 15

The Life and Light Missions

Notes to the Cash Flow Statement for the Year Ended 30 June 2021

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash provided by operations		 30.6.21
£
259,356
85,772
(29)
(197)
(1,289)
343,613		 30.6.20
£
(32,333)
77,784
(35)
13,501
1,072
59,989

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Total		 At 1.7.20
£
1,203,760
1,203,760
1,203,760		 Cash flow
£
263,467
263,467
263,467		 At 30.6.21
£
1,467,227
1,467,227
1,467,227

The notes form part of these financial statements

Page 16

The Life and Light Missions

Notes to the Financial Statements for the Year Ended 30 June 2021

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The particular accounting policies adopted are set out below.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Unrestricted income is available for expenditure approved by the Trustees. Restricted income is available for expenditure in accordance with the purpose specified by the donor.

Income is credited to the Statement of Financial Activities when entitlement is certain, receipt is probable and the amount can be reliably measured. In respect of grant income from individual and other institutional donors, entitlement is obtained when only administrative requirements exist and all disbursement and other entitlement conditions are satisfied. Legacies are included in the Statement of Financial Activities at the earlier of receipt and the date the estate accounts are approved or a distribution authorised by the executors. Donations from supporters are accounted for when received.

Going concern basis

Having reviewed the financial position and future expectations for the charity, the Trustees have identified no material uncertainties related to events or conditions that might cast significant doubt on the charity's ability to continue for the foreseeable future. Accordingly, they continue to adopt a going concern basis in preparing the financial statements.

Cash and cash equivalents

Cash and cash equivalents include deposits repayable on demand without penalty. Short term money market deposits, and fixed term cash deposits which do not meet this criterion are held under current assets as short term deposits. Cash and bank deposits are stated at the cash amount.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold Land and Building and
Improvements - 2% straight line on buildings only
Leasehold Building - Long - 2% on cost
Church Equipment - 20% on cost and 5% on Cost
Motor Vehicles - 20% on cost

Depreciation is computed based on the best estimate of the useful economic lives of the relevant assets and their ultimate residual value.

continued...

Page 17

The Life and Light Missions

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Church properties are held for the use of the church benefactors and included the direct expenditure on the management of the church.

Where the trustees consider that the expected useful life of freehold land and buildings is in excess of 50 years and the carrying value in the financial statements is not more than the estimated recoverable amount, no depreciation is charged.

Any expense for fixed assets below £250 have been expended during the year.

Taxation

The Life and Light Missions is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities as its income falls within the exemptions available to registered charities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

The designated funds represent unrestricted monies that the trustees have designated for specific purposes

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Grants

All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods.

Foreign currency translation

Monetary assets and liability denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the statement of financial activities.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, Trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period or, in the period of the revision and future periods, if the revision affects the current and future periods. In the view of the Trustees, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

Operating lease

Rentals paid under operating leases are charged to the statement of financial activities on a straight line basis over the period of the lease.

Stocks

The cost of publications and other promotional and educational material is written off in the period in which it is incurred.

Financial instruments

continued...

Page 18

The Life and Light Missions

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

1. ACCOUNTING POLICIES - continued

Operating lease

The charity has financial assets and financial liabilities of that qualify as basic financial instruments. Financial instruments are initially recognised at transaction value and subsequently measured at the present value of future cash flows (amortised cost). Financial assets held comprise cash at bank and in hand, short term cash deposits and the Charity's debtors excluding prepayments. Financial liabilities held comprise the short and long term creditors excluding deferred income.

Donated services

At times Ministers and Members undertake activities of repairs and maintenance work at various churches. They pay for such activities out of their own pockets and are free of charge for the church.

2. DONATIONS AND LEGACIES

Voluntary income: 30.6.21 30.6.20
£ £
Offerings, donations and gifts - individuals 597,816 506,049
Offerings, donations and gifts - corporate donations - -
597,816 506,04

In 2021, of the total income sum of £597,816 was income from unrestricted funds, and £nil was income from restricted funds.

3. INVESTMENT INCOME

INVESTMENT INCOME
30.6.21 30.6.20
£ £
Bank interest receivable 29 35
CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 5) Totals
£ £ £
Charitable activity 63,824 274,665 338,489

4. CHARITABLE ACTIVITIES COSTS

Overseas missions payments are made to third parties in support for and setting up of The Life and Light Missions - Hub of Moldova.

continued...

Page 19

The Life and Light Missions

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

5. SUPPORT COSTS

SUPPORT COSTS
Management
£
Charitable activity
25,377		 Finance
£
902		 Other
£
212,356		 Governance
costs
£
36,030		 Totals
£
274,665
Geographical analysis of support costs 30.6.21 30.6.20
£ £
United Kingdom 261,484 332,479
Europe 13,181 51,655
274,665 384,134
Support costs, included in the above, are as follows:
Fellowship for communities - Transport
Fellowship for communities - Catering
Fellowship for communities - Functions
Overseas missions
Postage
Bank charges and interest paid
Donations for the Needy
Rent, hall hire and storage for the tent
Light and heat
Churches repairs and maintenance
Insurance and water
Telephone and fax
Foreign exchange realised (gain)/loss
Depreciation of tangible fixed assets
Audit fees
Auditors' remuneration for non audit work
Legal and professional		 30.6.21
Charitable
activity
£
3,932
2,544
5,636
13,181
84
902
-
3,498
46,700
42,135
30,640
2,327
1,284
85,772
6,030
24,000
6,000
274,665		 30.6.20
Total
activities
£
23,369
14,880
5,633
51,655
875
1,209
1,017
15,831
52,840
39,905
40,471
2,280
-
77,784
6,000
24,000
6,000
363,749

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.

continued...

Page 20

The Life and Light Missions

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

6. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.

During the year ended 30 June 2021, trustees were reimbursed expenses of £nil (2020: £nil) incurred on behalf of the charity.

7. STAFF COSTS

No salaries or wages have been paid to employees, including the member of the committee, during the year. There are no employees with emoluments above £60,000 p.a.

8.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Charitable activities
Charitable activity
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 ACTIVITIES
Unrestricted
funds
£
506,014
35
506,049
538,327
(32,278)
3,293,615
3,261,337		 Restricted
funds
£
-
-
-
55
(55)
13,208
13,153		 Total
funds
£
506,014
35
506,049
538,382
(32,333)
3,306,823
3,274,490

continued...

Page 21

The Life and Light Missions

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

9. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
COST
At 1 July 2020
Additions
At 30 June 2021
DEPRECIATION
At 1 July 2020
Charge for year
At 30 June 2021
NET BOOK VALUE
At 30 June 2021
At 30 June 2020		 Freehold
Land and
Building
and
Improvements
£
1,998,674
59,313
2,057,987
211,322
33,038
244,360
1,813,627
1,787,352		 Leasehold
Building
- Long
£
18,005
-
18,005
1,080
40
1,120
16,885
16,925		 Church
Equipment
£
403,429
12,862
416,291
190,658
30,326
220,984
195,307
212,771		 Motor
Vehicles
£
187,276
8,000
195,276
123,701
22,368
146,069
49,207
63,575		 Totals
£
2,607,384
80,175
2,687,559
526,761
85,772
612,533
2,075,026
2,080,623

In 2013, the charity acquired a heritage property, Union Street, Willenhall for a consideration of £11,875. The property is depreciated in line with the charity's accounting policy.

The freehold land, buildings and improvements comprises of various church premises situated in United Kingdom. Church equipment comprises the amplification system, church chairs and other hall assets.

The charity had vested the following title deeds of its buildings to the trustees:

continued...

Page 22

The Life and Light Missions

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

9. TANGIBLE FIXED ASSETS - continued

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayments
11.
CASH IN HAND
Cash at bank and in hand
Total		 General
fund
£
1,455,887
1,455,887		 Restricted
Funds
£
11,340
11,340		 30.6.21
£
3,518
30.6.21
Total
funds
£
1,467,227
1,467,227		 30.6.20
£
3,321
30.6.20
Total
funds
£
1,203,760
1,203,760

continued...

Page 23

The Life and Light Missions

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21 30.6.20
£ £
Trade creditors 11,925 12,966
Other creditors - 248
11,925 13,214

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
funds
£
Fixed assets
2,075,026
Current assets
1,459,405
Current liabilities
(11,925)
3,522,506
MOVEMENT IN FUNDS
At 1.7.20
£
Unrestricted funds
General fund
2,761,337
Designated Fund
500,000
3,261,337
Restricted funds
Restricted Funds
13,204
Willenhall Roofing Fund
(51)
13,153
TOTAL FUNDS
3,274,490		 Restricted
funds
£
-
11,340
-
11,340
Net
movement
in funds
£
259,380
-
259,380
-
(24)
(24)
259,356		 30.6.21
£
3,498
30.6.21
Total
funds
£
2,075,026
1,470,745
(11,925)
3,533,846
Transfers
between
funds
£
1,789
-
1,789
(4,200)
2,411
(1,789)
-		 30.6.20
£
15,856
30.6.20
Total
funds
£
2,080,623
1,207,081
(13,214)
3,274,490
At
30.6.21
£
3,022,506
500,000
3,522,506
9,004
2,336
11,340
3,533,846

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

15. MOVEMENT IN FUNDS

continued...

Page 24

The Life and Light Missions

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

15. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
597,845
Restricted funds
Willenhall Roofing Fund
-
TOTAL FUNDS
597,845
Comparatives for movement in funds
Net
movement
At 1.7.19
in funds
£
£
Unrestricted funds
General fund
2,693,615
(32,278)
Designated Fund
600,000
-
3,293,615
(32,278)
Restricted funds
Restricted Funds
13,208
(55)
TOTAL FUNDS
3,306,823
(32,333)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
506,049
Restricted funds
Restricted Funds
-
TOTAL FUNDS
506,049		 Resources
expended
£
(338,465)
(24)
(338,489)
Transfers
between
funds
£
100,000
(100,000)
-
-
-
Resources
expended
£
(538,327)
(55)
(538,382)		 Movement
in funds
£
259,380
(24)
259,356
At
30.6.20
£
2,761,337
500,000
3,261,337
13,153
3,274,490
Movement
in funds
£
(32,278)
(55)
(32,333)

Page 25

continued...

The Life and Light Missions

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Designated Fund
Restricted funds
Restricted Funds
Willenhall Roofing Fund
TOTAL FUNDS		 At 1.7.19
£
2,693,615
600,000
3,293,615
13,208
-
13,208
3,306,823		 Net
movement
in funds
£
227,102
-
227,102
(55)
(24)
(79)
227,023		 Transfers
between
funds
£
101,789
(100,000)
1,789
(4,200)
2,411
(1,789)
-		 At
30.6.21
£
3,022,506
500,000
3,522,506
8,953
2,387
11,340
3,533,846

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
1,103,894
Restricted funds
Restricted Funds
-
Willenhall Roofing Fund
-
-
TOTAL FUNDS
1,103,894		 Resources
Movement
expended
in funds
£
£
(876,792)
227,102
(55)
(55)
(24)
(24)
(79)
(79)
(876,871)
227,023		 Resources
Movement
expended
in funds
£
£
(876,792)
227,102
(55)
(55)
(24)
(24)
(79)
(79)
(876,871)
227,023
(79)
227,023

PURPOSE OF FUNDS

Restricted funds:

Restricted funds of £8,956 represents grants for missions carried out in Russia and of £2,384 represents grant for roofing work to be carried out in future.

Designated funds:

This represents level of funds which the Trustees have designated out of unrestricted fund.

The trustees had decided to retain £500,000 as designated fund (2020: £500,000) in order to acquire suitable freehold church premises in selected areas in the near future. Properties under consideration are church buildings in UK.

Page 26

continued...

The Life and Light Missions

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

16. CAPITAL COMMITMENTS

CAPITAL COMMITMENTS CAPITAL COMMITMENTS CAPITAL COMMITMENTS
30.6.21
£
Contracted but not provided for in the financial statements
-		 30.6.20
£
-
30.6.21 30.6.20
£ £
At 30 June 2021, estimated amount of contracts awaiting execution were: - -

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2021.

18. ULTIMATE CONTROLLING PARTY

Throughout the year the charity was under the control of the trustees and was governed as per the guidelines and parameters set by the Objects of the constitution of The Life and Light Missions.

Page 27

The Life and Light Missions

Detailed Statement of Financial Activities for the Year Ended 30 June 2021

30.6.21 30.6.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Offerings, donations, gifts, general collections
and conferences 597,816 506,014
Investment income
Bank interest receivable 29 35
Total incoming resources 597,845 506,049
EXPENDITURE
Charitable activities
Conference cost 23,381 99,082
Education, training and teaching 2,307 8,030
Ministry resources 20,577 42,877
Books and bibles 1,958 3,924
Publicity and outreach 13,323 9,862
Ministry support 2,278 10,858
63,824 174,633
Support costs
Management
Fellowship for communities - Transport 3,932 23,369
Fellowship for communities - Catering 2,544 14,880
Fellowship for communities - Functions 5,636 5,633
Overseas missions 13,181 51,655
Postage 84 875
25,377 96,412
Finance
Bank charges and interest paid 902 1,209
Other
Donations for the Needy - 1,017
Rent, hall hire and storage for the tent 3,498 15,831
Light and heat 46,700 52,840
Churches repairs and maintenance 42,135 39,905
Insurance and water 30,640 40,471
Telephone and fax 2,327 2,280
Foreign exchange realised (gain)/loss 1,284 -
Depreciation of tangible fixed assets 85,772 77,784
212,356 230,128
Governance costs
Audit fees 6,030 6,000
Carried forward 6,030 6,000

This page does not form part of the statutory financial statements

Page 28

The Life and Light Missions

Detailed Statement of Financial Activities for the Year Ended 30 June 2021

30.6.21 30.6.20
£ £
Governance costs
Brought forward 6,030 6,000
Auditors' remuneration for non audit work 24,000 24,000
Legal and professional 6,000 6,000
36,030 36,000
Total resources expended 338,489 538,382
Net income/(expenditure) 259,356 (32,333)

This page does not form part of the statutory financial statements

Page 29