Charity registration number 1050871 1050871 Company number 3123629 Register8d offlce Slrudwick Drive Oldbrook Milton Keyne5 MK6 2TG Auditor Crouchers Limited 1 Capperhouse Court Caldecotte Mitton Keyne5 Buckinghamshire United Kingdom MK7 8NL LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Trustees. report Statement of Trustees, responsibilities Independent audito¢s report 7-10 statement of financial activities 11 Balance sheet 12 Notes to the financial statements 13-24 LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees have pleasure in presenting their report for the year ended 31 st December 2024. This report is prepared in accordance with LightForce Intemational Memorandum and Articles of Association and the recommendations of the Statement of Recommended Practice Accounting and Reporting by Chaiiiies and complies with applicable law. The finanual statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and cornply with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP °Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102)" Objectlves and activities The objects of LightForce Intemational 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 thèir social and economic circumstances and in particular but not exclusively by deploying human and material resources to provide appropriate relief to such persons. Achievements and perfonnance 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 340. We provided sponsorship for half of the children. A further 23 students were supported at Secondary School. Our Vocational training and internship program benefitted 130 young people 15-25yrs old. We provided field work placernent5 Opportunities on our farm for 200 students who came from 20 agricultural institutions for the practical 'on job. training that we offer. Community groups came for fami tours. 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 serving the community. Our project for teenage girfs is attended by over 250 girls. We continued to provide vocats'onal training for 120 of these teenage gids Spiritual and educational content are part of each monthly meeting and all the gids receive hygiene materials. We have a 4 groups totalling 48 HIV widows and they meet monthly for fellowship and mutual support. They go home with s08p and sugar. We have trained the widows to make liquid soap for income generation. A female staff member lo is continuing a 2-year sponsorship to do a Master's degree in Theology in the USA. One of our nurses is upgrading her qualifications to Diploma with our support. Two other young ladie5 commenced nursing and phannacy training. Our onsite Community Clinic continues to serve students, staff and the local village communtties. Our famiing project has made good progress again this year. We have planted and harvested maize and a variety of vegetables. We made our own maize silage for cattle. We have c¢)ws 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 was upgraded and has supplied us with power 2417 throughoul the year and continues to be an excellent investment. The borehole we drilled in 2021 has been 50 valuable a5 the national water is an unreliable service. In November we funded and ran a Celebration to highlight the success of students in all categories. It was a full day program and attracted approximately 2.000 people from the local community. It was attended by a team of 16 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 2024 Indla We continued the excellent relationship5 With Home of Faith and IGM. At Home of Faith we provided food and support for key staff monthly. Sunitha Johnson continues to educale the children under her care. The number of children has risell to 54. Our relationship with IGM continued and the works in Chennai area and Ooty both CDntinue. The children's hL)me for girfs at Guduvanchery conts'nues to benefit 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 well cared for. 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. We continued to help IGM lo support educational project5 Iluition centresl linked to churches in Orissa state. The 12 Tuition Centres target tribal people in remole villages belonging lo lower casles. 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. A baby hotne and emergency shelter for abused children and vocational training centre opened in 2024. IGM continues to be a very active and an excellent partner. The CEO of IGM was also honoured for his excellent work. Albania Our staff continued to run the small farm and maintain the propety. Issues Continued in court over a land wrangle. After many years the case continues in the local court. Kenya LightForce continues to partner wilh Education for Life in Mombasa. The educational facilities include nursery, primary and secondary education, a small children's home and feeding program. We were happy lo continue to provide some support during the year. Also, many LightForce partners continue to support children directty wilh EFL. Flnancial review The Statement of Financial Activities for the year is presènted in the financial statemenls. Res&￿eS polioy LightForce International seeks to raise funds for specific projeds and endeavours to utilise such funds as wisely yet quickly as possible. Balances on the accounts generally reflecl 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 rnonlhs. 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 transacb.ons are receipled. C105e management of staff handling cash and regular reports and audf(ing are ensured to identty irregularittes. Grants Whilst not generally provided we have given srnall income generation "seed mDney" for the purpose of stsrting small businesseslincome generation project in Uganda. Students with srnall enterprises have been enabled to buy reSoUr￿S for school. At Home of Faith in India a small investment for poultry has resulted in a developing unit. In the second quarter of each year projects are identified for fiknding the following year. Donors commit to specific projects ensuring our conlinued development and guaranteeing core fvnding. Plans for Future Periods Uganda we will realise 500 Sponsored students and trainees in 2025. Our community pmjects will Gontinue to benefit the community. We will seek final licensing of our schools. Our journey to 5uslainability continues with fami shop sales of eggs, milk and chickens. A leam of 16 volunteers will visit in 2025 to see projects. Albania - Our camp facility in Lezhe will be under constant review. LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 India to continue to support the growth and development of all projects in line with the respective vision of our partners. A team of g people will visit in 2025 to see projects. Trustees. Ststement Charity law requires trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of LightForce International and of the surplus or deficit for that period. In preparing those financial statements, trustees have.. selected suitable accounting policies and then applied them consistently made judgments and estimates that are reasonable and prudent followed applicable accounting standards, subject lo 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 othe￿iSe, and to thls end have commissioned an internal accounting controls and procedures document which complies with Charity commission guidelines. The truslee8 are also continually carrying out risk management assessment lo assess business risks and implement risk management strategies. Volunteer Issues In accordance with LightForce Intemational's equal opportunities policy, LightForce International 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 thal volunteers are thoroughly checked before travelling to the field. Structure, governance and management LightForce is a Registered Charity no: 1050871, govemed by its Memorandum and Articles of Association Inco￿orated on 8th November 1995. Management of LighlForce Intemational is the responsibility of the TTUStees who are elected in accordance with the Declaralion of Trust. LighlForce International is a Christian mission specialising in humanitarian aid and development projects. Its work commenced in Eastern Europe in 1980. The dawn of the new millenniuffl 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 trustees of LightForce Intemational. Trustees may be removed from office if disqualified under the Charities Act 1993. if absent from t￿0 consecutive meeb'ngs, rf removed by resolution by all other truslees, or if they resign Irusteeship by notice in writing provided there are at least two continuing twstees. Day to day management of LightForce is delegated to the Intemational Director. Rev G R Ridley Ms R Edwards MrAJ Sheannan Ms S Bell Mr S Bokinala Mr A Mathew Dr C ljeh Mr F Jayaraj Recruitment and appointment of trustees Trustee replacement would be carried out with due reference to a prospective candidate having interest in the work of LightForce, they should share our Christian values. have cross cultural experience, bring something unique that adds value to the board. We would a150 give consideration to the gender balance of the board. Training would be provided for newly appointed tnjstees. They would serve alongside a setving trustee to ensure they understsnd legal responsibility, the objectives of the charity and how to ensure LightForce International continues lo be compliant. LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Other matte 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 seNices, training an(f education. Our objective to establish sustainable projects is becoming a reality. FOOD & NUTRITION In India LFI continues. through its partners. to be committed to providing supplementary feeding to some of the most marginalised members of Society. These indude lower caste, lepers, fomier sex workers, street children and gypsies. Working 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 eath school day for all the beneficiaries of ils educats-on project as well as for children attending other schools. In Ug2nda, our Nursery & Primary School as well as ourAgricultural and Vocational School provide tsvo meals a day that help to SU5tsin our full time students. All staff take lunch and dinner when on duty. Student5 for fieldbvork and intemship also benefit in line with staff. HEALTH & HIVIAIDS Uganda - Our emergency medical fund enables us to provide medical care where needed and where 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 continue to receive free medical care through our Glinic. We have 4 successful small projects supporting HIV widows with regular meetings, counsel and income generating support. Our project to support teenage gids with lifestyle advice and sanitary pads proves very popular each month. In India we have assisted with emergencies as resources allowed. During 2024 we supported the development of a baby home and emergency shelter at IGM, Chennai. EDUCATION Our Uganda office provides school sponsorship for children including some wth Special Needs. In the communty many are extremely vulnerable. Without our help they wodd not access education. We give serious consideration to providing access to education for girls. Our Nursery and Primary schools have over 300 sludents, 500/0 sponsored. We supported 22 students at Secondary level. There are 30 students outside of Lira. Vocational school had 130 students. Fieldwork students numbered 200 throughout the year. Our Agricultural and Vocational School offer non fonnal courses in tailoring, mechanics, crop and livestock management. Our farrn is developing to provide practical experience lo students of formal institutions. Community groups & schools also visit the farm on educational tours. Children in the Children's homes in India are enrolled in local schools. Through Home of Faith in India we are endeavouring to ensure children ernbraced by the project attend school (54 in all). Our partners at IGM have all their 150 children in full time education in schools and colleges. Education for Lrfe in Kenya continues to recetve support through LightForce- this vibrant project provides education from nursery to 'A' level. SUSTAINABILITY It is recognised that projeots need to be sustained. Donor dependency and fatigue are problems we seek to avoid. Means of income generation are encouraged at each of the International office locations lo ensure long temi suslainability. These include piggery, goat rearing, poultry, purchase &sale of produce, participant contributions to programs and small income generation projects. In 2024. we again ran a Successful year of famiing in Uganda haNesting and growing a variety of crops. We sold eggs, Chickens and other items from our faTm shop with good success. Cows produced rrilk which is also sold. The income from Ihis will support our work towards suslainability. We provide ongoing employment for 7010¢g1 people in fullts-me employment and internship. LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEE COMPLIANCE The trustees deGlare they have complied with the duty in seclion 4 of the Charities Acl 2006 to have due regard to public benefit guidance published by the Commission. Audltor The trustees confimied a resolution proposing that Crouchers Ltd continue as auditors. The Trustees, report was approved by the Board of Trustees. Ms R Edwards Trustee Date.. LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees, who are also the directors of Lightforce Inlemational for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generalty Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give a twe and fair view of the stale of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charilable company for that year. In preparing these financial statements, the Trustees are required to= select suitable accounting policies and then apply them consistently. observe Ihe method5 and principles in the Charities SORP-, make judgements and estirnates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed, subject to any material departure5 disclosed and explained in the financial slatement5- and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial slatemenls comply wilh the Companies Act 2006. 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. LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF LIGHTFORCE INTERNATIONAL Oplnlon We have audited the financial statements of Lightforce International (the 'Charity'l for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, induding significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Slandards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generalty Accepted Accounting Practice). In our opinion, 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 Praclice., and have been p￿pared in accordance with the requirements of the Companies Act 2006. Basls for opinion As a part of overseas mission and aid work. a stock of animals are famied by rural farmers in Albania and Uganda. At any point in time. the number and value of the animals held will vary. The responsibilty of farm management and the animals is undertaken by selectedlapproved famiers. 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 practicalf(ies of observing a date sensitive stock take, the animals have not been physically seen and hence we are unable to generale sufficienl appropriate audit evidence to confirm the physical existence and therefore the value shown as Stock in the financial slatements. The Charity holds petty cash in it'5 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. Altemative records and representations indicate the existence of stock and petty cash and there has been no management limitalion to this area of audit work. In addition due to the lack of audii evidence held and seen for the purchase of fixed asset5 and the title of properties, we are unable to generate sufficient appropriate audil evidence to confirm the physical existence and ownership of the assets in the financial statements. We conducted our audit in accordance wilh Inlemational Slandards on Auditing (UK) IISAS (UK>) and applicable law. Our responsibilities under those standards are fijrther described in the Auditorfs responsibilities for the audit of the financial statements seclion cf our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial ststements in thè UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe thal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to going concem In auditing Ihe financial ststements, we have concluded thal the Trustees. use of the going Goncem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied. 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 ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concem 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 inforniation The other infomation comprise5 the infomiation included in the annual report other Ihan the financial statements and our audito¢s report thereon. The Trustees are responsible for the other information conlained within the annual report. Our opinictn on the financial statements does not cover the other information and we do not express any fomi of assurance conclusion thereon. Our responsibilty is to read the other infomiation and, in doing so, consider whether the other information is matersally inconsistent wilh the financial ststements or our knowledge obtained in the course of the audit, or otherwise appears lo be materialty misstated. If we identify such material incDn51Stencies or apparent material misstatements, we are required to detennine whether this gives rise to a material misstatement in the financial statement5 themselves. If, based on the work we have perfomied, we conclude that there is a Tnaterial misstatement cf this other infoTm8tion, we are required to report that fact. We have nothing to report in this regard. Matter8 on which we are required to rgport by exceptlon In respect solely of the limitation on our work relaÉing to the existence of animals and titles to propety described above.. the information 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 ie¢ords', or we have not received all the information and explanalions we require foi our audit. Responsibllitie5 of Trustees As explained more fully in the slateTnent of Trustees, responsibilities, the Trustees, who are also the direcloTS 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 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 e￿Or. In preparing the financial statements, the Trustees are responsible for assessing the Charivs ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LIGHTFORCE INTERNATIONAL AuditoVs responslbllltlos for the audit of the flnancial stalements We have been appointed as auditor under section 145 of Ihe Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. OUT objeclives 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 audit conducted in accordance with ISAS (UK) will a￿ayS detecl a material misslatement when it exists. Misststements 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 stalements. The extent to whith our procedures are capable of detecting irregularities, including fraud is detailed below. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of the company and its industy, 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-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respecl to non-compliance, our procedures included, but were not limited to= Inquiring of rnanagemenl and, where appropriate, those charged with govemance, as to whelher the company is in compliance with laws and regulations, and discussing their policies and procedures regarding cornpliance wilh laws and regulations. Inspecting COTrespondence, if any, with relevant licensing or regulatory authorities., Communicating identified laws and regulations to the engagement team and rernaining alert to any indication5 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 laws and regulations that have a direct effect on the preparation of the financial statements, such a5 tax legislation and the Companies Act 2006. In addition, we èvaluated the directors, and management's incentives and opportunities for fraudvlent manipulation of the financial statements, including the risk of management override of controls, and determined that the principal risks related lo posling manual joumal entries to manipulate financial perfomiance, 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 were not limited to.. Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or 811eged fraud,, Gaining an understanding of the internal conlrols established to mitigate risks related to fraud., Discussing amongst the engagernent team the risks of fraud., and Addressing the risks of fraud through management override of controls by perfomiing journal 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 I￿egularitIes, as these may involve collusion, forgery. intentional omissions. misrepresentstions or the override of intemal controls. LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LIGHTFORCE INTERNATIONAL A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11 www.frc.org.uklaudilorsresponsibilities. ThSs description forms part of our auditorfs report. Use of our report This report is made solety to the charitys 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 auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibilsty lo anyone other than the charity and the charty's trustees as a body, for our audit work, for this report. or for the opinions we have formed. Mr Darren Croucher Bsc (Honsl FCCA FCA Isenlor Statutory Auditor) For and on behalf of Grouchers Lirnited, Statutory Auditor Chartered Accountanls 1 Copperhouse Court Caldecotte Milton Keynes Buckinghamshire MK7 8NL United Kingdom Date.. 10- LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestricted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from.. Donations and legacies Charitable activities Interest Other income 42,175 42,175 290,090 652 10,324 46,178 46,178 273,624 330 10,099 290,090 273,624 652 10,324 330 10,099 Total income 53,151 290,090 343,241 56,607 273,624 330.231 Expendlture on: Charitable activities other expenditure 67,986 21,700 261.376 329,362 21,700 58,055 244.943 302,998 Totsl expenditure 89,686 261.376 351,062 58,055 244,943 302,998 Net Incomel(expenditure) and movement In funds (36,535) 28,714 (7,821) (1,448) 28,681 27.233 Reconciliation of funds.. Fund balances al 1 January 2024 907,590 101.939 1,009,529 909.038 73,258 982,296 Fund balances at 31 December 2024 871,055 130,653 1,001.708 907,590 101,939 1,009,529 The statement of financial activities includes all gains and losses recognised in the year. All income and expendilure derive from continuing activities. 11 LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assels Tangible assels Investments 13 14 843,271 864.817 843.273 864,819 Current assets Stocks Debtors Cash at bank and in hand 16 17 64,629 12,637 92.650 51,172 21,188 79,425 169,916 151,785 Creditor5: amounts falling due wlthin one year 18 {11,481) 17,075) Net current assets 158.435 144.710 Total assets less current liabilities 1,001,708 1,009,529 The funds of the Charity Restricted income funds Unrestricted funds 130.653 871,055 101,939 907,590 20 1,001,708 1,009.529 The notes on pages 13 to 24 form part of these financial ststemènts. The TTusfs net movement in funds for the year was -£7,821 (2023-. £27,233). The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial stslements. The financial statement5 were approved by the Trustees on ..... Ms R Edwards Trustee Company registration number 3123629 (England and Wales) 12- LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policlas Charity infomatlon The charity is a private company limiled by guarantee, regislered in England and Wales and is a registered in England and Wales. The address of the registered office is Strudwick Drive, Oldbrook, Milton Keynes. MK6 2TG. The accounts have been prepared in sterling and rounded to the nearest £. 1.1 Ac¢ounting convention The financial statements have been prepared in accordance with the Charity's goveming document, the Companies Act 2008, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. ("FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 8pplicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 20191. The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Ststement of Cash Flows. The financial statements are prepared in sterling, whith is the functional currency of the Charity. Monetary amounls in these financial statements are rounded to the nearest £. The financial slatements have been prepared under the historical cost convention. The PTinGipal accounting policies adopted are set out below. 1.2 Golng concern At the lime of approving the financial slalements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operalional existence for the foreseeable future. Thus the Twstees ontinue to adopt the going concem basis of accounting in preparing the financial statements. In approving these accounts, Ihe Truslees have assessed whether the use of the going concem is approprrate and whether there are any material Un￿rtaInlieS related to events or conditions that may cast significant doubt on the ability of the Trust to conlinue as a going concem. The Trustees make this assessment in respect of a peiiod of at least one year from the date of the approval of the financial statements. th the level of unrestricted funds and liquid assets available. the TNstees consider the organisation 15 in stable finanGial position. The Trustèes have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financi81 statements. The Trustees consider that the budgeted cashflow is sufficient with the level of unrestricted reseNes for the Trust to be able to meet its liabilities as they fall due. For this reason, the Trustees consider it appropriate for the financial statements to conts'nue being prepared on a going concem basis. 1.3 Charltable fund5 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 unrestiicted 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 statements. Restrirted funds are funds which are to be used in accordance with specific restrictions itnpDSed by donors or vthich have been raised by the Chanty for particular purposes. The costs of raising and adrninistering such fijnds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial statements. Investment income, gains and losses are allocated to the appropri8te fund. 13- LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcies {Continued) 1A Income All income is reccgnised once the Charity has entitlement to the income, it is probable that the income will be received and Ihe amount of incoTne receivable can be measured reliably. Cash donations are recognised on receipt. other donations are iecognised once the Charity has been notrfied of the donation, unless performance conditions require defe￿al of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. The recognition of income from legacies 15 dependent on establishing entitlement, the probabilty of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existenGe of a valid will and the death of the benefactor) and the execulor is satisfied that the propety in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amounl receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliabty measured. Grants are included in the Statement of Flnancial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entillemenl of receipt, its recognition is deferred and included in creditors as deferred income. ￿ere entitlement occurs before income is received, the income is accrued. Income tax recoverable in relation to investmenl income is recognised at the time the investment income is receivable. Other income is recognised in the perÉod in which it is receivable and lo the extent the goods have been provided or on completion cf the ser¥ice. 1.5 Expenditure Expendsture is recognised once there is a legal or construclive obligation to transfer economic benefit to a third party, it 15 probable that a transfer of economic benefrts 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 direct cosls and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to 8 single ctivity are allocated directty to Ihat activity. Shared costs which contribute to more than one activty and support costs which are not attributable to a single activity are apportioned befv4een Ihose activrties on a basi5 consistent with the use of resources. Central staff costs are allocaled on the basis of time spent, and depreciation charges are allocated on the portion of the assel's use. Expendilure on charitable activities is incurred on directty undertaking the activities which fvrther the Charity's objectives. as well as any associated support Costs. All expendilure is inclusive of irrecoverable VAT. Interest receivable Interesl on funds held on deposlt is included when re￿1vable and the amount can be measured reliably by the Charity., this is nomialty upcn 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 2024 Accounting policies Icontinued) 1.6 Tanglble fixed a95ets Tangible fixed assets are initially measured at cost and subsequenlty measured at cost or valuation, net of depreci81ion and any impairment losses. Deprecialion is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the slraight-tine method. Freehold land and buildings Freehold improvement5 to propety Plant and equipment Motor vehicles No Depn 2_100/o Straight Line 25_33.30A Straight Line 33.3 % Straight Line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carying 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 exduding transaction costs, and are subsequentty 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 entity controlled by the Charity. Control is the power to govem the financial and operating policies of the entity so as lo obtain benefits from its aclivities. 1.8 Stocks stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stoGks. Cost Includes all direct costs and an appropriate proportion of fixed and variable overheads. 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-terni liquid investmenls with original maturilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in cu￿ent liabilities. 1.10 Financlal 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 subsequentty rneasured at their settlement value with the exception of bank loans which are subsequenlly measured at amortised cost using the effective interest method. 1.11 Foreign exchange Transaction5 in currencies other than pounds sterling are recorded al the rates of exchange prevailing al the dates of the transactions. Al each reporting end date. monelary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Galns and losses arising on translation in the period are included in profit or loss. 1.12 Debtors Trade and Dther debtors are recognised at the setuement amount after any trade di5Gount 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 2024 Accounting policies (Continued) 1.13 Llabilities and provisions Liabilities are recognised when there is an obligation at Ihe 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 ServI￿S it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money 15 material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks spedfic to the liability. The unwinding of the discounl is recognised in the Statement of financial activities as a finance cost. Critlcal accountlng estimates and judgements In Ihe application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associaled assumptions are based on historical experience and other factors that ale considered to be relevant. Actual results may differ from these estimates. The estimates and undedying assumptions are reviewed on an ongoing basi5. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects onty that period, or in the period of the revision and future periods where the revision affects both current and future periods. Critical judgements Depreciation Based on the useful economic lives which are set out in the accounting policies. These estimates are the best estimate based on past experience and expected performance and are regularly reviewed to ensure they remain appropriate. Income frorn donations and legacies Unrestricted funds 2024 Unrestricted funds 2023 Donation5 and gifts Legacies 3,775 38,400 7,778 38,400 42,175 46,178 Donations and glfts Individuals and businesses 3,775 7,778 3,775 7,778 16- LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacies (Continued Unrestricled Unrestricted funds funds 2024 2023 LegaGies Gifts in kind 38,400 38,400 38,400 38,400 Gifts in kind are from Mi5ton Keynes Christian Centre, a related party, and comprise of £25,750 (2023: £25,750) for the provision of seNiced offices and £12,650 (2023: £12,650) being staff costs of personnel working within Light10￿e International. Income from charitable actlvltles Restricted funds 2024 Restrlcled funds 2023 Charltable activities Overseas aid- Albania Overseas aid- India Overseas aid- Africa 26,316 45,972 217,802 36.813 43,960 192,851 290,090 273,624 Income from Investments Unrestricted Unrestrlcted funds funds 2024 2023 Interest re￿1vable 652 330 Other Income Unrestricted Unrestricted funds funds 2024 2023 Other income 10,324 10,099 17- LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charltsble activities Charitablè frxpediture 2024 Charftable expediture 2023 Direct costs Depreciation and impairment Overseas aid- Uganda Overseas aid- Kenya Oversea5 aid- Albania Overseas aid- India Home of Faith Overseas aid- India IGM General 11,427 173,289 11,179 175.828 1,035 31,452 36,396 232 46,876 32.708 35,736 19,643 56,559 329,362 302,998 Analysls by fund Unrestricted funds Restricted funds 67,986 261,376 58,055 244,943 329,362 302,998 Other expendlture Unrestricted Unrestrlcted funds funds 2024 2023 Net loss on disposal of intangible fixed 85sets 21,700 Auditorfs remuneration Fees payable to the charity's auditor and associates= 2024 2023 For audit seNlces Audil of the financial slatements of the charity 5.000 4,200 10 Trustees During the year, no Trustees received any remuneration or other benefits (202> £ NIL). During the year ended 31 December 2024, no Truslee expenses have been incurred {2023- £ NIL)- 18- LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Employees The average monthty number of employees during the yearwas= 2024 Number 2023 Number Total There were no employees whose annual remuneration was more than £60,000. 12 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 Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its chanlable objeds. 13 Tangible fixed assets Freehold land Freehold and bulldlng9 ilnPTovements to propgrty Plant and oqulpmont Motor vehl¢loS Totsl Cost At 1 January 2024 Additions Disposals 474,559 462,516 8,695 (81,438) 113,056 7,410 (13,993) 15,031 1,065,162 16,105 (95.431) At 310ecember 2024 474,559 389,773 106,473 15,031 985,836 Depreciation and irnpalrment At 1 January 2024 Depreciation charged in the year Eliminated in respect of disposals 75,727 7,622 (55,2141 109.749 3,643 (13,9931 14,869 162 200,345 11,427 {69,207) At 31 December 2024 28,135 99,399 15.031 142,565 Carrying amount At 31 December 2024 474,559 361,638 7,074 843,271 At 31 December 2023 474,559 386,789 3,307 182 864,817 19- LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 14 Fixed a$set investments Other Investments Cost or valuallon Al 1 January 2024 & 31 December 2024 Carrying amount At 31 December 2024 At 31 December 2023 2024 2023 other investments comprise: Notes Investments in subsidiaries 15 1 S Subsidiaries These finanual statements are separate Charity financial ststemenls for Lighfforce International. Details ofthe Charity's subsidiaries at 31 December 2024 are as follows- Name of undertaking Registered office Nature of busine55 Class of Yo Held shares held Direct Indlrect Lightlorce Trading Company England Limited Transportation Serdices Ordinary 100.00 The aggregate capital and reseNes and the result for the year of subsidiaries excluded from consolidation was as follows- Name of undertaklng ProfiV(Loss) Capital and Re50rv0s Lightforce Trading Company Limited {5101 111 16 Stocks 2024 2023 Raw materials and consumables 64,629 51,172 -20- LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Debtors 2024 2023 Amounts falling due withln one year: Amounts owed by fellow group undertakings Other debtors 12.637 10,698 10,490 12,637 21,188 18 Credltors: amounts falling due within on8 year 2024 2023 Trade creditors other creditors Accruals and deferred income 1,888 2,713 6,900 2,068 807 4,200 11,481 7,075 19 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subjecl to specific conditions by donors as to how they may be used. At 1 January 2024 Incoming resources Resources expended Transfers At31 December 2024 Uganda Kenya Albania India Home of Faith India IGM Uganda Container Sudan 95,299 300 120,987) 9.091 9,216 8,000 1,020 217,091 710 26,316 32.812 13,161 (173,2891 139.101 1.010 (27,379) 6,167 2,734 8.000 1,020 (32.7081 {35,736) (19.643) 101,939 290,090 (261,3761 130,653 21 LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Reslricted fund5 {Contsnued) Previous year: 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 (26,3481 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) (232) 95,299 300 (20,987) 9,091 9,216 8,000 1,020 3,325 13,325) 73,258 273.624 (244,943) 101,939 Purposes of restrlcted funds Uganda - The funds are being used for sponsoring children to attend school, helping HIV widows, supporting teenage girls, training agricuttural students as well as ongoing projects. Kenya- The funds are being used for the sponsorship of the nursey run by Educalion for Life. Albania The funds are being used to support the manager of projects in Albania and for the cosls of maintaining the LightForGe Lezhe Centre. India Home of Faith The funds are being used lowards the continuing 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 HoTnes in Chennai. 20 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and granlors as to how they may be used. These include designated funds which have been set aside out of unrestricted fvnds by the trustees for specific purposes. At 1 January 2024 Incorning resources Resources expended At31 December 2024 General funds 907,590 53,151 {89,e86) 871.055 Previous year: At 1 January 2023 Incoming resources Resources expended At31 December 2023 General funds 909,038 56,607 158,055) 907,590 -22- LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Analysls of net assets between funds Unrestrlcted funds 2024 Restricted funds 2024 Total 2024 At 31 December 2024: Tangible assets Investments Current assetsl(liabilities) 840,498 2,775 843,271 30,557 127,878 158,435 871,055 130,653 1,001,708 Unrestrlcted funds 2023 Restricted funds 2023 Total 2023 At 31 December 2023: Tangible assels Investments Current assetsl(liabililies) 862,042 2,775 864,817 45,546 99,164 144,710 907,590 101,939 1,009,529 22 Relaled party transactions Trdns4Gtion5 With related parties During the year Ihe Charity entered into the following transactions with related parties.. Donations and gifts 2024 Legacies receivable 2024 2023 2023 Milton Keynes Christian Centre (Note 2) 3,775 7,778 38,400 38.400 3,775 7,778 38,400 38,400 LightForce Intemalional is the mis5ion8 arm of Milton Keynes Christian Centre IMKCC) There were outstanding balances totalling £12,637 (2023: £10,701) owed to LightForce International at the 31 December 2Q24 as detailed below.. Milton Keynes Christian Centre {MKCC): £11.377 (2023= £10,701). LightForce Trading Company Limited.. £1,26012023: Nil). -23- LIGHTFORCE INTERNATIONAL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Contlngent liability There remains instancès of legal dispute as to the ownership of title to some small areas of the land shown in Ihe financial statements. In all cases, legal responses have been made, and the land in question is fully utilised. There is no suggestion that any of the land shown within fixed assets or any claim to tille. has been seen as an attempt to seek some form of payment. The charity is confident that all land 15 propedy titled in the charity's name. Due to the locations where the charity operates, it is not always possible for a specific document to be obtained as full evidence for an expense. Such documents are secured whenever possible and subtiable records are kept fer expenditure and cash payments. including larger transactions. 24-