CHARITY REGISTRATION NUMBER: 1053865
CHARITY INFORMATION
Registration Number: 1053865
Trustees: Lady Gifty Tetteh Rev. Dr. E.N. Tetteh
Mr. Joseph B Anderson Dr. Emmanuel Dumelo Mr. Francis Ackah
Registered Address: 41 Norden Point Claremont Road London NW2 |TG
REGISTERED ADDRESS
41 NORDEN POINT CLAREMONT ROAD LONDON NW2 1TG
BUSINESS ADDRESS
SR HOUSE 64-65 CHILDERS STREET LONDON SES8 5JT
CHARITY REGISTRATION 1053865
WEB -www.LTWMO.CO.UK
REGISTERED CHARITABLE OBJECT
To advance the Christian religion and education by establishing and maintaining a pastoral bible training college, to relieve poverty and sickness and for such other charitable purposes as the trustees shall from time to time determine.
INTRODUCTION
LTWMO’S 2023 report is the Fourth year of the updated version 2019 — 2023. The founding president and the board of trustees worked in collaboration with the strategy group to attain the 2019-2023 strategic Agenda.
ADMINISTRATION
LTWMO’s administration performs a central support role for the entire organisation as well as servicing the office of the founding president. As a vital nerve-wire of LTWMO, it provides the core administrative functions to the leadership and the entire organisation. It is a busy office with an open door policy, this characterises the leadership approach of the founding president, and often hosts a whirlpool of activities.
PEOPLE MANAGEMENT
People management remains central to the corporate ethos of LTWMO asa client facing organisation, LTWMO channels most of its investments into human resource pool, which in turn positively and immeasurably impacts the lives of beneficiaries, their families, dependants, extended families and communities. in a sense therefore, LTWMO’S people management strategy, policy and plan provokes virtual quality cycles that result in quantifiable, verifiable and significantly positive difference impacting live experiences, to both staff and clientele, which is anchored on holistic development of the individual and his/her persona.
ORGANISATIONAL STRUCTURE/ DEVELOPMENT
The year entailed monthly reviews in strategy group meetings, involving constant detailed review and evaluation of distance travelled since the launch of the plan 5 years prior. From an overarching organisational development perspective, the following were looked at — strategic forward planning, organisational structures, leadership, governance and legislative compliance, policies and procedures, project management, sustainable fundraising, international development, capacity building, community development and outreach, premises and facilities
management.
The combination of this process with the sustenance of a high-quality delivery of existing services, interventions with growth and taking on new streams of work, made for a busy year.
COMMUNITY OUTREACH
From January to December 2023, LTWMO delivered services that dealt with a range of issue among others the biblical doctrine of spiritual empowerment, health education, career development, Christian principles of helping and fellowshipping with one another, drugs and alcohol abuse. These were undertaken through the following forum;
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS To the Trustees of WORLD MIRACLE OUTREACH For the Year Ended 31 December 2023 Respective ponsibilitIeS of trustees and examiner The charity's tmstees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not rcquircd for this Y (undcr stion 43(2) of the CharitiLS Act IW3 (the 1993 Act) and that an indc1dcnt examination is nccdcd. It is my responsibility to: • Eramine the accounts under section 43 of the 1993 Act. • to follow the prureS laid down in the Genernl Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act); and • to state whether particular nmtters have come to my attention. Basis of independent examiner's statsment My cxamination was carricd out in accordancc with Gcncral DirLYtions givcn by thc chlty Commissioncrs. An cxamination includcs a rcvicw of thc accounting rdS kcpt by thc charity and a comparison of thc accounts prcscntcd with tliosc rccords. It also includcs considcration of any unusual itcnB or disclosurcs in thc accounts, and scckingy cxplanations from thc twsto conccrningy any such mattcrs. Thc pr(Kcdurcs undcrtakcn do not providc all thc cvidcncc that would bc rcquircd in an audit, and conscqucntly no opinion is gyivcn as to wl]ctl]cr tlic accounts prcscnt a 'tsuc and fair, vicw and tl]c rcport is limitcd to thosc nmttcrs sct out in thc Statcnnt bclow. Independent examiner's statement In conncction witli my cxamination, no nmttcr lia8 Con to my attcntion: . which grivcs rca8onablc causc to bclicvc that in, any matcrial rC8ct, thc tnLStccs havc not mct thc rLNuircmcnts: • to kccp accountingr rccor(Ls in accordancc with scction 41 of tlic 19)3 Act; and to prcparc accounts wliicli accord witli tlic accountingy rc£ords and comply with t1 accounting rcquircmcnts of thc 1993 ACL or 2. to wliich, in my opinion, attcntion slK)uld k drdwn in ordcr to cnablc a propcr undcr8tanding of thc accounLs to rcachcd. Mr Rnhan Rudd()ck Ff,f,A Ruddocks and c Chartered Certified Accountants First Flnnr, C.npper Hnuse 88 Snakes Lane east Woodford Green Londo IC.8 7HX Date:
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2023|2022|
|Unrestricted|Restricted|Total|Total|
|Notes|£|£|£|£|
|Receipts|
|All|Church|Offerings|26,158|0|26,158|19,738|
|Total|Receipts|26,158|0|26,158|19,738|
|Expenditure|
|Costs|of activities|in|furtherance|of the|objects|of the|charity|la|24,187|QO|24,187|22,792|
|Fundraising|and|publicity|1b|984|0|984|1,112|
|Total|resources|expended|25,172|0|25,172|23,904|
|Net|incoming|resources|for|the year|before|transfers|986|0|986|-4,166|
|Net|incoming|resources|and|movement|in|funds|986|0|986|2,030|
|Total|funds|brought forward|-3,270|0|-3,270|897|
|Total Funds|carried|forward|-2,284|QO|-2,284|-3,270|
----- End of picture text -----
| 2023 | 2022 | |
|---|---|---|
| £ £ |
||
| Assets | ||
| Cash funds | ||
| Current Account -2,284 -3,270 |
||
| -2,284 | -3,270 | |
| Represented by | ||
| General Fund -2,284 -3,270 |
||
| -2,284 | -3,270 | |
| Assets Retained for the Charities own use: | ||
| Equipment ~~232~~ |
~~0~~ | |
| 232 0 |
||
| Liabilities | ||
| Examiner's fee 1,200 |
0 | |
| 1,200 0 |
Trustees Responsibilities in relation to financial Statements
Charity Law requires the trustees to prepare financial statements for each financial year which comply with the regulations set out in the Charities Act 2011. The trustees have elected to take advantage of the provisions that apply to small charities and have prepared a receipts and payments account and Statement of Assets and Liabilities which are set out on page 5 and (91 Oct 2024
Approvedby the trustees on ................0.........and Signed on their behalf by oe RR _ Ir Francis Ackah
BASIS OF PREPARATION
The accounts are prepared under the historical cost convention. The accounts have been prepared in accordance with applicable accounting standards, the Charities SORP 2005 (Accounting and Reporting by Charities) and comply with the Charities (Accounts and Reports) Regulations 2005 issued under the Charities Act 1993.
INCOMING RESOURCES
Donations and grants are accounted for when receivable. Gifts and services in kind are included at a reasonable estimate of their gross value to the Charity or the Organisation. Intangible income (such as rent free accommodation) is included in the Statement of Financial Activities where a third party is bearing the cost of supplying the resources and the resources can be valued.
RESOURCES EXPANDED
Costs comprise direct expenditure including staff costs attributable to the activity and where costs cannot be directly attributed they are allocated to activities on a basis consistent with the time spent on the various departments.
Expenditure is allocated to one of five functional categories that reflect the specific activities of the charity.
Cost of Generating Funds — the costs incurred both direct and indirect in generating income for the charity.
Cost of Activities for Charitable Objectives — costs directly attributable to activity charitable objectives.
Support Cost — These are mainly expenses paid to various volunteers who help in the office. Management and administration include costs attributable to the management of the charity’s assets, administration of the charity and compliance with statutory requirements along with costs of managing charitable projects.
ACCUMULATED FUNDS
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. Designated funds comprise funds, which have been set-aside at the discretion of the trustees for specific purposes
10
| Total | Total | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | this | last | ||
| ~~Receipts~~ | ~~_funds~~ ~~funds~~ |
~~Year~~ | ~~Year~~ | ||
| Donations £ |
£ £ |
£ | |||
| 26,158 | 0 26,158 19,738 |
||||
| ~~Total Receipts~~ 26,158 0 |
26,158 | 19,738 | |||
| a. Costs of activities in furtherance ofthe objects of the charity | |||||
| 2023 | 2022 | ||||
| Unrestricted | Restricted | Total Total |
|||
| £ £ |
£ £ |
||||
| Travel and Accommodation Costs | 279 0 |
279 195 |
|||
| TV/Radio Ministry-Airtime 4,000 |
0 4,000 |
5,000 | |||
| Utilities Costs | 612 0 |
612 548 |
|||
| Hospitality and Subsistence | 1,257 | 0 1,257 |
3,307 | ||
| MotorVehicle Expenses 2,228 |
0 2,228 |
1,774 | |||
| Bank charges& Merchant fees 1,826 |
0 1,826 |
834 | |||
| Repairs and Maintenance | 2,715 | 0 2,715 |
2,585 | ||
| Sundry | 274 0 |
274 235 |
|||
| Telephone& Internet | 1,100 0 |
1,100 834 |
|||
| Accountancy fee | 1,200 0 |
1,200 1,200 |
|||
| IT Software and Consumables | 200 0 |
200 480 |
|||
| Church Support | 3,252 0 |
3,252 3,150 |
|||
| Books and Periodicals 1,150 |
0 1,150 |
0 | |||
| Equipment 232 |
0 232 |
0 | |||
| Building Rent 1,792 |
0 1,792 |
0 | |||
| Storage costs | 2,070 0 |
2,070 2,200 |
|||
| 24,187 | 0 24187 |
22,341 | |||
| b. Fundraisingand publicity | |||||
| Stationery and Postage | 865 0 |
865 697 |
|||
| Printing& Advertising | 120 0 |
120 415 |
|||
| 984 0 |
984 1,112 |
Note 3 - Trustees
No transactions were undertaken by (or on behalf of) the charity in whicha trustee or person has a material interest.
Note 4 - Other Disclosure Issues
The charity has no other commitments, loans, contingent liabilities other than those disclosed in connected the accounts. There are no other disclosure issues.
11