Charity registration number 1050871 Company reglstratlon number 3123629 {England and Wal8s) LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rev G R Ridley Ms R Edwards MrA J Shearman Ms S Bell Mr S Bokinala MrA Mathew Dr C ljeh Mr F Jayaraj Secretary Ms R Edwards Charity number 1050871 Company number 3123629 Reglstered office Strudwick Drive Oldbrook Milton Keynes MK6 2TG Auditor Crouchers Limited 1 Copperhouse Court Caldecotte Business Park Milton Keynes Buckinghamshire England MK7 8NL
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Trustees, report statement of Trustees. responsibilities Independent auditorfs report 7-10 Statement of financial activities 11 Balance sheet 12 Notes to the financial ststements 13-23
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees have pleasure in presenting their report for the year ended 31st December 2023. This report is prepared in accordance with LightForce Internats'onal Memorandum and Articles of Associats'on and the recommendations of the Statement of Recommended Practice Accounting and Reporting by Charities and complies with applicable law. Objectives and activities The objects of LIghtFOr International are.. To advance the Christian religion and to relieve persons in any part of the world who are in condition of need, hardship and distress by reason of their social and economic circumstances and in particular but not exdusively by deploying human and material resources to provide appropriate relief to such persons. Achievements and perfomiance Significant activities and achievements against objectives Uganda The Day Nursery. Primary and Vocational schools operated throughout the school year. The number of registered students in Day Nursery and Primary was 330. We provided sponsorship for half of the children. A further 21 students were supported at Secondary School. Our Vocational training and internship program benefitted 90 young people 15-25yrs old. We provided field work placements opportunities on our farm for 200 students who came from agricultural institutions for the practical 'on job. training that we offer. We accept children with disability when possible, orphans and vulnerable children from the local community. We continue to have 1 qualified nursery teacher from the UK assisting our staff. In addition to the school we have other projects serrfing the community. Our project for teenage girls is attended by over 250 girls. We continued to provide vocational training for 60 of these teen8ge girls. In 2024 this program will offer places to 120 students due to the demand. Spiritual and educational content are part of each monthly meeting and all the girls receive hygiene materials. We have 8 4 groups totalling 48 HIV widows and they meet monthly for fellowship and mutual support. They go home with soap and sugar. In November we gave each group 6 ducks so they could set up a breeding program for income generation. le released on8 female staff member to take up a 2-year sponsorship lo do a Master's degree in Theology in the USA. One of our nurses is upgrading her qualifications to Diploma with our support. Our onsite Community Clinic continues to serve students. staff and the local village communities. Our farming project has made good progress again this year. We have planted and haested maize arKI a variety of vegetables. We made our own maize silage for cattle. We have cows producing milk. The piggery is thriving. Our Poultry unit is going well. We have both layers and broilers. Our eggs and broilers are popular and we sell all. Our solar system for producing electricity has supplied us with power 2417 throughout the year and continues to be an excellent investment. The borehole we drilled in 2021 has been so valuable as the nation81 water is an unreliable service. In November we funded and ran a Celebration to highlight the success of students in all categories. It VRS a full day program and attracted approximately 1,400 people from the local community. It was attended by a team of 6 visitors representing donors in the UK. Local leaders expressed appreciation for our work.
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 India We continued the excellent relationships with Home of Faith and IGM. At Home of Faith we provided food and support for key staff monthly. Sunitha Johnson continues to educate the children under her care. The number of children has risen to 54. Our relationship with IGM continued and the works in Chennai area and Ooty both continue. The children's home for girls at Guduvanchery continues to benefft from their new purpose-built facility. The satellite boy's home functions a few miles away and a further satellite home for girls also runs well. The children are 11 cared fcr. IGM has received awards appreciating the quality of care for children. They have 22 branch churches, run medical camps monthly, and continue to provide vocational training, support the poor and marginalised with clothing and food, and assist in emergency situations. Vve continued to help IGM to support educational projeds {iuition centres) linked to churches in Orissa stale. The 12 Tuition Centres target tribal people in remote villages belonging to lower castes. The main aim and focus to provide partnership & quality education through the 12 free night schools in different villages. We support 12 bible school students for mission work. IGM continues to be a very active and an excellent partner. The CEO of IGM was also honoured for his excellent Yrk. Albania Our staff continued to run the small farm and maintain the property. Issues continued in Court over a land wrangle. After many years the case continues in the local court. Kenya LightForce continues to partner with Education for Life in Mombasa. The educational facilFties include nursery, primary and secondary education, a small children's home and feeding program. We were happy to continue to provide some support during the year. Also, many LightForce partners continue to support children directly with EFL. Flnanclal revlew The Statement of Financial Activities for the year is presented in the financial statements. ReseThes policy LighlForce International seeks to raise funds for specifie projects and endeavours to utilise such funds as wisely yet quickly as possible. Balances on the accounts generally reflect amounts of restricted funds being held but not yet utilised. Our policy is to ensure that we have funds in hand to operate for four months. Risk Management Recognizing that we work in cash societies overseas we nevertheless seek to move funds and make payments by bank transfer and cheque where possible. We also do our best to ensure transactions are receipted Close management of stsff handling cash and regular reports and auditing are ensured to identify irregularities. Grants Ipthilst not generally provided we have given small incorne generation "seed money" for the purpose of starting small businessesfincome generation project in Uganda. As stated earlier, ducks were provided to HIV widows in Uganda. Students with small enterprises have been enabled to but resources for school. At Home of Faith in India a small investment for poulty has resulted in a small progressive unit. In the second quarter of each year projects are identified for funding the following year. Donors commit to specific projects ensuring our continued development and guaranteeing core funding.
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Plans for Futur• Periods Uganda - we will realise 400 sponsored students from February 2024. Our community projects will continue to benefit the communty. Property transfer will be processed when administration is fully settled following Lira receiving City ststus. We will seek final licensing of our schools. Our joumey to sustainability continues with farm shop sales of eggs, milk and chickens. Albania - Our camp faality in Lezhe will be under constant review. India - to continue to support the growth and development of all projects in line with the respective vision of our partners. Trustees. Statement Charity law requires trustees to prepare financial slatements for each financial year, which give a true and fair view of the state of affairs of LightForce Intemational and of the surplus or deficit for that period. In preparing those financial statements, trustees have: selected suitable accounting policies and then applied them ¢onsistentty made judgments and estimates that are reasonable and prudent followed applicable accounting standards, subject to any material departures being disclosed and explained in the financial statements prepared the financial statement on an ongoing basis The trustees have overall responsibility to ensure LightForce Intemational has appropriate system of controls, financial and otheiSe, and to this end have commissioned an internal accounting controls and procedures document which complies with Charity commission guidelines. The trustees are also continually carrying out risk management assessment to assess business risks and implement risk management strategies. Voluntser18sues In accordan with LIghtFOr Intemational's equal opportunities policy, LIghtFOr Intemational has long established fair practices in the recruitment, selection, retention and training of all volunteers. We have looked at the safeguarding requirements for all our projects and ensure that volunteers are thoroughly checked before travelling to the field. Structure, govemance and management LightForce is a Registered Charty no: 1050871, govemed by its Memorandum and Articles of Association incorporated on 8th November 1995. Management of LightForce International is the responsibility of the Trustees who are elected in accordance with the Declaralion of Trusl. LIghtFOr Intemational is a Christian mission specialising in humanitarian aid and development projects. Its work commenced in Eastem Europe in 1980 and LightForce is still active in Albania. The dawn of the new millennium saw the work expand into Africa and India, the focus being child education, health, food & nutrition, care of orphans and rural village outreach. There are eight trusteos of LightForce International. Trustees may be removed from office rf disqualrfied under the Charities Act 1993, rf absent from wnsecutive meetings, if removed by resolution by all other trustees, or if they resign twsteeship by notice in writin9 provided at least two continuing trustees. Day to day management of LightForce is delegated to the Intemational Director.
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Rev G R Ridley Ms R Edwards Mr A J Shearman Ms S Bell Mr S Bokinala Mr A Mathew Dr C ljeh Mr F Jayaraj RecltMent and appointment of tmstees Trustee replacement Vuld be carried out with due referen to a prospective candidate having interest in the work of LightForce. they should share our Christian values, have cross cultural experien, bring something unique that adds value to the board. We would also give consideration to the gender balance of the board. Training would be provided for newly appointed trustees. They would serve alongside a serving trustee to ensure they understand legal responsibility, the objectives of the charity and how to ensure LightForce International continues to be compliant. Other matters PUBLIC BENEFIT REPORT LightForce International continues to run projects that meet genuine needs within the community. We provide benefit to the public chiefly through feeding, health services and education. Our mid term objective is to establish sustsinable projects. FOOD & NUTRITION In India LFI continues, through it's partners, to be committed to providing supplementary feeding to some of the most marginalised members of society. These include lower caste, lepers, former sex workers, street children and gypsies. INorking through various partnerships we seek to ensure that there is also adequate social support, counselling and education available to these beneficiaries. The Education for Life project in Kenya provides a lunch each school day for all the beneficiaries of its education project as well as for children attending other schools. In Uganda. our Nursery & Primary School as well as our Agricultural and Vocational School provide two meals a day that help to sustain our students. All staff take lunch and dinner when on duty. Students for fieldwork and intemship also benefit in line with staff. HEALTH & HIVIAIDS Uganda - Our emergency medical fund enables us to provide medical care where needed and vthere the absence of finance leaves people vulnerable through sickness. Our children in the Nursery & Primary school benefit from health checks, through the clinic, in the year they receive (height, weight, sight, and hearing tests). The children who lived within our Care Home also receive free medical care through our dinic. We have 4 successful small projects supporting HIV widows with regular meetings, counsel and income generating support. OLJr project to support teenage girls viith lifestyle advice and sanitary pads proves very popular each month. In India V have assisted with emergencies from time to e. EDUCATION Our Uganda office provides school sponsorship for children including some with Special Need5. In Ihe community many are extremely vulnerable. Without our help they world not access education. There are approximately 260 children and young people on the Intemship & Sponsorship Programme. We give serious consideration to providing access to education for girls. Our Nursery and Primary schools have 330 students. Vocational has 85. Fieldwork students numbered 200 throughout the year.
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Our A9ltural and Vocational School (rfer nijn fonnal courses in tailoring, methanics. cmp and livestock managemenL Our fafm is developing lo provide pr&ttcal 8xperien¢e lo students of fom7al institutiOTrS. Our program of camps at our Cpntre in Afbania pro¥ides education on life principle5 for children amidst a fun program of adivty and soclal interadlon which is enjoyed by all. Thi5 actlvty has been limited in 21)21 Children in the Children's homes In India are enrofied in schools. Through Home of Faith in India we are endeavouring to ensure d)ildren embraced by the proied attend sthooj (54 in air). Our pather8 al IGM have all thelr 150 thildren in full time edu(3ti0n. Educallon for Life In Kenya contlnues to recelve support through LItFOr¢8. this vlbrant proje(* provide8 educatlon from nursery to 'A' level. SUSTAINABIUTY It is recognlsed that projecls need to be sustslned. Donor dependency and fatigue are problems we seek to avold. Means of incorne gen¢ration affj entxuraged al each of the Intemational office Ioc8tton$ to ensure k9 temi $uslainakn'lity. These indude piggery, goat rearing. pouttry. purchase &saEe of produce, participant conliibutlons to progrwT15 and small Income generation prcIeC lrt 2023, we again ran a successfvl year of famiing in Uganda harvestlng and growing a varieiy of cmps. Ye Sold eggs, d)ickens and other items from our fami shop good SU$8. Cows produced milk which Is also sold. The Incomè from this wlll support our work towards sustainabilty. We provlde ongcing employment for 70 local people. TRUSTEE COMPUANCE The Irustees dedare they have complied with the duty in sedion 4 of the Charities Act 2006 lo have due regard to public benefit guidan published by the Commissi(. Auditor The trustees confjmed a resolutkjn proposing that Crouthers Ltd corrtinue as auditors. The Trustees, rewt was approved by the Board of Trust888. Ms R Edwardg 27 September 2024
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees, who are also the directors of Lightforce International for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law arKI United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice). Company Law requires the Trustees to prepare financial statements for each financial year which gwe a true and fair view of the state of affairs of th8 Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to- select suitable accounting policies and then apply them consistently., - obseNe the methods and principles in the Charities SORP" make judgements and estimates that are reasonable and prudent-, state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charty will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclos8 Wlth reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statemerts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and he8 for taking reasonable steps for the prevention and detection of fraud and other irregularities.
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF LIGHTFORCE INTERNATIONAL Qualified opinlon We have audited the financial ststements of LIghtfOr International (the 'Charty') for the year ended 31 December 2023 which comprise the statement of financial activities. the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards. including Financial ReF)Orting Standard 102 The Financial Reporting Standard applicablg in the UK and Republic of Iland (United Kingdom Generally Accepted Accounting Practi). In our opinion. except for the possible effects of the matter described in the Basis for Qualified Opinion section of our report. the financial statements: we have not obtained all the information and explanations that we considered necessary for the purpose of our audit- and have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi., and have been prepared in accordance with the requirements of the Companies Act 2006. Basi5 for qualified opinion As a part of overseas mission and aid work. a stock of animals are farmed by rural fanners in Albania and Uganda. At any point in time, the number and value of the animals held will vary. The responsibility of farm management and the animals is undertaken by selectedlapproved farmers, and their operations are regularly monitored on site by the main representative of the charity. At the year end stock was quantified and valued, but as in the previous year, due to the location and practicalities of observing a date sensitive stock take, the animals have not been physically seen and hence we are unable to generate sufficient appropriate audit evidence to confim the physical existence and therefore the value shown as stock in the financial statements. The Charity holds petty cash in it's overseas locations. At the year end cash was counted however, we have not been able to visit any locations to vouch existence of petty cash. Alternative records and representations indicate the existence of stod( and petty sh and there has been no management limitation to this area of audit work. In addition due to the lack of dit evidence held and seen for the purchase of fixed assets and the title of properties, we are unable to generate sufficient appropriate audit eviden to confimi the physical existence and ownership of the assets in the financial statements. We conducted our audit in accordan viith Intemational Standards on Audtting (UK) (ISAS (UK)) a1 applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit ol 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 obtsined is SLrfficienl and appropriate to provide a basis for our qualified opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees. use of the going concem basis of accounting in the preparation of the financial statemerrts 15 appropriate. Based on the work we have performed, we have not identified any material unrtaIntieS relating to events or conditions that. individually or collectively, may cast significant doubt on the Charitys ability to continue as a going con for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibiltties and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LIGHTFORCE INTERNATIONAL Other information The other information comprises the information included in the annual report other than the finarKial ststements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the finanaal statements or our knowledge obtained in the course of the audit, or otheNise 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 materBI misstatement in the financial statements Ihemselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infom18tion, we are required to report that fact. We have nothing to report in this regard. Mattets on which we are requlred to report by exceptlon In respect solely of the limitation on our work relating to the existenc£ of animals and titles to property described above: the infomation given in the financial statements is inconsistent in any material respect with the Trustees. report; or sufficient accounting records have not been kept" or the financial statements are not in agreement with the accounting records., or we have not received all the infomiation and explanations we require for our audit. Responsibilities of Trustees As explained more fully in the statement of Trustees, responsibilities, the Trustees, who are also the directors of the Charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal control as the Trustees determine is necessary to enable the preparation of finanaal 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 abilty to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so.
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LIGHTFORCE INTERNATIONAL Audltofs responsibilities for the audlt of the flnanclal statsments 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 an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audrt 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 influen the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, induding fraud is detailed below. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design procedures in line wilh our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of the company and its industry, we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements: employment regulation. Bribery Act and Modem Slavery Act. To help us identify instances of non-complian with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to: Inquiring of management and, where appropriate, those charged with govemance, as to whether the company is in compliance with laws and regulations, and discussing their policies and procedures regarding compliance with laws and regulations" Inspecting rrespOndenCe, rf any, with relevant licensing or regulatory authorities. Communicating identified laws and regulations to the engagement team and remaining alert to any indications of non-compliance throughout our audit; and Considering the risk of acts by the company which were contrary to applicable laws and regulations, including fraud. We also considered those lav and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation and the Companies Act 2006. In addition, we evaluated the directors. and management's incentives and opportunities for fraudulent manipulation of the financial statements, induding the risk of management override of controls. and determined that the principal risks related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, and significant one-off or unusual transactions. Our audit procedures in relation to fraud included but vRre not limited to.. Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud" Gaining an understanding of the internal controls established to mitigate risks related to fraud- Discussing amongst the engagement team the risks of fraud; and Addressing the risks of fraud through management override of controls by perfomiing joumal entry testing. There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities. as these may involve collusion. forgery. intentional omissions, misrepr8s8ntations or the override of intemal controls. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https-11 www.frc.org.uklauditorsresponsibilities. This description fonns part of our auditor's report.
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LIGHTFORCE INTERNATIONAL 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 chartty's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accepl or assume responsibility to anyone other than tae charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Mr Darren Croucher BSC (Hons) FCCA FCA Isenlor Statutory Audltor} for and on behalf of Crouchers Limited 27 September 2024 Chartered Accountants ststutory Auditor 1 Copperhouse Court Caldecotte Business Park Milton Keynes Buckinghamshire England MK7 8NL 10-
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcted Restrfcted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Totsl 2023 2022 Notes Income and and0nents from: Donations and legacies Charitable activities Interest Other income 46,178 46,178 273,624 330 10,099 38,557 38,557 200,525 17 8,001 273,624 200,525 330 10,099 17 8.001 Total Income 56,607 273,624 330,231 46,575 200,525 247,100 Expenditure on: Charitable activities 58,055 244,943 302,998 54,654 233,426 288,080 Totsl expendlture 58,055 244,943 302,998 54,654 233,426 288.080 Net Incomel{expendlture) and movement in funds {1,448) 28,681 27,233 (8,079) (32,901} (40,980) Ro¢¢n¢lllatlon of funds: Fund balances at 1 January 2023 909,038 73,258 982,296 917,117 106,159 1.023,276 Fund balancos at 31 December 2023 907,590 101.939 1,009,529 909,038 73,258 982,298 The statement of financial activities includes all gains snd losses recognised in the year. All income and expenditure derive from continuing activities. 11
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT31 DECEMBER 2023 2013 2022 Tangible assets Investments 11 12 864.817 875,998 864.819 87e262 Current as•ets 14 16 51,172 21,18B 79,425 45,089 20,010 46.990 Debtors Cash at bank 8nd In har 151,785 112.089 Creditor4: arnounig falllrwJ due YAthin one year 16 (7.075) (6.055) Net current assots 144.710 1(,034 Totsl asgets less turrent Ilabiliti 1.tXIg.529 982,296 Net •88•ts excluding penslon liabllity 1.009,629 982,298 The funds ofthe Charity Reslrided income fimds Unrestricted fd$ 17 101,939 907.590 73.258 909,038 1,009.529 982.296 The Tw8tee8 ad(nowledg8 their respon5ibiliiies for comptylng wth the reqillrements of the Companles Act 2006 with resped to accountiThJ records and the preparation of financial ststement& These finana81 statements hav8 been prepared in acrordance wlth the provlslons applicable to companies subject lo the small companie8 regSme. The ffinandal statements were approved by thè Trustees on 27 septnber 2024 Ms R Ethvards Cornpany regi3ts8tion number 3123629 (England and V*dles) 12-
LIGHTFORCE INTERNATIONAL {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charfty Informatlon The charity is a private company limited by guarantee, registered in England and Wales and is a registered in England and Wales. The address of the registered Offi is Strudwick Drive. Oldbrook, Milton Keynes, MK6 2TG. The accounts have been prepared in sterling and rounded to the nearest £. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. (°FRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Ststement 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 1021 (effective l January 2019). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity ha5 taken advantage of the provisions in the SORP for charities not to prepare a Ststement of Cash Flows. The financial statements are prepared in sterfing, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial ststements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the Twstees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestrtcted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial ststements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific ftjnd. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. 1.4 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance condrtions require deferral of the amount. Income tax recoverable in relats'on to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 13-
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles {Continuod) The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of enlitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of Ihe existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a lepcy must be recognised when it is probable Ihat it will be retsived and the fair value of the amount receivable. which will generally be th8 expected cash amount to be distributed to the Charity, can be reliably measured. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but nol expended during the period is shown in the relevant funds on the Balance sheel. ere income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs beft)re income is received, the income is accrued. Income tax recoverab18 in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the seNice. 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to third paty, it is probable that a transfer of 8conomic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dir1 costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributatle to a single activity are allocated directly to thal activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are 8PPOrtioned btheen those activityds on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which fijrther the Charty's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Interest recelvable Inte$t on funds held on deposit is induded when receivable and the amount can be measured reliably by the Charity., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 14-
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles {Continued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. using the straight-tine method. Freehold land and buildings Freehold improvements to propety Plant and equipment Motor vehicles No Depn 2-10% 25-33.3% 33.3-50% The gain or loss arising on the disposal of an asset is detemined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Flxed asset Investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomel(expenditure) for the year. Transaction costs are expensed as incurred. A subsidiary is an entty controlled by the Charty. Control is the power to govem the financial and operating policies of the entity so as to obtain benefits from its activities. 1.8 Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for Oblete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value viith the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.11 Forelgn exchange Transactions in CuenCieS other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss. 1.12 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 15-
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Icontlnued) 1.13 Llabllltles and provlslons Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured 8t the best estimate of the amounts required to settle the obligation. Vthere the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial actNities as a finance cost. Income from donations and legacies Unrestricted funds 2023 Unrestricted funds 2022 Donations and gifts Legacies re1vable 7,778 38,400 9,157 29,400 46,178 38,557 Donatlons and glfts Individuals and businesses 7,778 9,157 7,778 9,157 Legacles recelvable Gift in kn'nd 38,400 29.400 38,400 29,400 Gifts in kind are from Milton Keynes Christian Centre, a related party, and comprise of £25,750 (2022.. £16,750) for the provision of serviced offices and £12,650 (2022: £12,650) being staff co$t$ of personnel working within Lightforce Intemational. 16-
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from charitable activities Restricted funds 2023 Restrlcted funds 2022 Charltable actlvltles Overseas aid - Albania Overseas aid - India Overseas aid - Africa 36,813 43.960 192.851 35,385 22,426 142,714 273,624 200,525 Income from investments Unrestrlcted Unrestricted funds funds 2023 2022 Interest receivable 330 17 Other Income Unrestrlctsd Unrostrieted funds funds 2023 2022 Other income 10,099 8,001 17-
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Exp8nditure on charitable activltles Charltable expedlture 2023 Charitable expedlture 2022 Direct costs Depreciation and impairment Overseas aid - Uganda Overseas aid - Kenya Overseas aid - Albania Overseas aid - India Home of Faith Overseas aid - India IGM Gener81 11,179 175,828 1,035 31,452 36,396 232 46,876 7,214 150,345 1,262 63,158 21,915 4,362 39,824 302,998 288,080 Analysis by fund Unrestricted funds Restricted funds 58,055 244,943 54,654 233,426 302,998 288,080 Audltorfs remuneration Fees payable to the charity's auditor and associates: 2023 2022 For audlt servicès Audit of the financial statements of the charity 4,200 3,500 Trustees During the year, no Trustees received any remuneration or other benefits {2022- £ NIL). During the year ended 31 December 2023, no Trustee expenses have been incurred (2022- £ NIL). Employees The av8rage monthly number of employees during the year was: 2023 Number 2022 Number Total There were no employees whose annual remuneration was more than £60,000. 18-
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Taxation The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the T8X8tion of Chargeable Gains Act 1992 to the extent that these are 8pplied to its charitable objects. 11 Tanglble fixed assets Freehold land Frtehold and buildings improvements to property Plant and equlpment Motor vèhlcles Totsl Cost At 1 January 2023 474,559 462.516 113,056 15,031 1,065,162 At 31 December 2023 474,559 462,516 113.056 15,031 1,065,162 Depreclatlon and Impalmient At 1 January 2023 Depreciation charged in the year 89,481 6,246 104,993 4,756 14,692 177 189,166 11.179 At 31 December 2023 75.727 109,749 14,869 200,345 Carrying amount At 31 December 2023 474.559 386,789 3,307 162 864.817 At 31 December 2022 474,559 393,035 8,063 339 875,996 12 Fixed asset investments Other Investments Cost or valuatlon At 1 January 2023 Adjustments 288 (266) At 31 December 2023 Carrying amount At 31 December 2023 At 31 December 2022 266 2023 2022 Other investments comprise.. Notes Investments in subsidiaries 13 266 19-
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Subsidiaries These financial statements are separate Charity financial ststements for Lightforce Intemational. Details of the Charty's subsidiaries at 31 December 2023 are as follows: Name of undertaking Registered office Nature of buslness Class of 'A Held shares held Direct Indirect Lightforce Trading Company England Limited Transportation Services Ordinary 100.00 The aggregate capitsl and reserves and the result for the year of subsidiaries exclud8d from consoldation was as follows" Name of undertaking ProfiV(Los5) Capital and Reserves Lightforce Trading Company Limited (1,464) 621 14 Stocks 2023 2022 Raw materials and consumables 51,172 45,089 16 Debtors 2023 2022 Amounts falling due wlthln one year: Amounts owed by fellow group undertakings Other debtors Prepayments and accrued income 10,698 10,490 6,594 12,416 1,000 21,188 20,010 16 Creditors: amounts falling due within one year 2023 2022 Trade creditors Other creditors Accruals and d8ferred income 2.068 807 4,200 926 2,129 3.000 7,075 6,055 -20-
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Restrictod funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to howthey may be used. At 1 January 2023 Incoming resources Resources expended Transfers At31 December 2023 Uganda Kenya Albania India Home of Faith India IGM Uganda Container Sudan India NICOG V. Teams 78,981 630 (26,348) 4.684 2,966 8,000 1,020 3.325 192.146 705 36,813 37.478 6,482 {175,828) (1,035) {31,452) (36,396) 1232) 95,299 300 {20.987) 9,091 9.216 8.000 1,020 3.325 (3,325) 73.258 273,624 (244.943) 101,939 Previous year: At 1 January 2022 Incomlng resou08 Resources expended Transfers At31 December 2022 Uganda Kenya Albania India Home of Faith India IGM Uganda Container Sudan India NICOG V. Teams Uganda Assets 76,951 1,162 1,425 10,966 1.615 8,000 1,020 2,245 2,775 141,984 730 35,385 15,633 5,713 (142,729) (1,262) (63,158> (21,915) <4,362) 2,775 78,981 630 (26,348) 4,684 2,966 8,000 1,020 3,325 1,080 {2,775) 106,159 200,525 {233,426) 73,258 Purposes of restrlcted funds Uganda - The funds are being used for sponsoring children to attend school, helping HIV widows, SLPPOrting teenage girls, training agricultural students as well as ongoing projects. Kenya - The funds are being used for the sponsorship of the nursey run by Education for Life. Albania The funds are being used to support the manager of projects in Albania and for the costs of maintaining the LightForce Lezhe Centre. India Home of Faith The funds are being used towards the conts'nuing support of the Home of Faith Care Home in Andhre Pradesh. India Gospel Mission (IGM) - The funds are being used towards the education of children in Orissa and for the sponsorshsip of children in the IGM Care Homes in Chennai. -21
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Unrestricted funds The unStCted fvnds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2023 Incomlng resour¢e$ Resources expended At31 December 2023 General funds 909,038 56,607 (58,055) 907,590 Prevlous year: At 1 January 2022 Incoming resources Resources expended At31 Docember 2022 General funds 917,117 48,575 {54,654) 909,038 19 Analysis of net assets between funds Unrestrfcted funds 2023 Restrlcted funds 2023 Total 2023 At 31 December 2023: Tangible assets Investments Current assetsl{liabilities) 862,042 2.775 864.817 45,546 99.164 144,710 907,590 101,939 1,009,529 Unrestrlcted funds 2022 Restrlcted funds 2022 Total 2022 At 31 December 2022: Tangible assets Investments Current assetsl(liabilities) 873.221 266 35,551 2.775 875,996 266 106,034 70,483 909,038 73,258 982,296 20 Related party transactions -22-
LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Related party transactlons {Continued) Transactions with related partles During the year the Charity entered into the following transactions with related parties.. Donations and gifts 2023 Legacles re¢•lvablo 2023 2022 2022 Milton Keynes Christian Centre (Note 2} 7,778 9.157 38,400 29.400 7.778 9.157 38,400 29,400 LightForce Intemational is the missions arm of Milton Keynes Christian Centre (MKCC) 21 Contingent liabilty There remain instances of legal dispute as to the ownership of title to some small areas of the land shown in the financial slatements. In all cases. legal responses have been made, and the land in question is fijlly utilised. There is no suggestion that any of the land shown within fixed assets or any claim to title, has been seen as an attempt to seek some fom of payment. The charity is confident that all land is properly titled in the chariws name. Due to the locations where the charity operates, it is not always p055ible for a specific document to be obtained as full evidence for an expense. Such documents are secured whenever possible and subtiable records are kept for expenditure and cash payments, including larger transactions. -23-