LIVING W(bll TRUSTEES REPORT AND ACCOUNTS 2022 Pmwtod by. Kaxton Advisory LIVING WORD CENTRE 44 CONISTON COURT HARCOURT ROAD WALLINGTON SM6 8AT
LIVING WORD CENTRE REPORT OF THE TRUSTEFS FOR THE YEAR ENDED 3111 DECEMBER 2022. The tTUStees of the chaTity present their report with the financial statements of the charity for the year ended 31" December 2022. The tnttts have adopted the provisions of the Ststement of Rewmmended Practice {SORP) 'Accounting and Reporting by Charities, issued in Mah 2005. REFERETr4CE AND ADMINISTRATIVE DETAILS: Registered Charity Number: 1107285 Registered Office: 44 Coniston Court Harcourt Roa Wallington SM6 8AT Rev. Enoch Davis Attah Owusu Ms Olivia Owusu Mrs Paulina Addo Mr Christopher O. Donkor Trustee (Chainnan) Trustee Trnstee Tntee Independent Examiners: Kaxton Advisory Lid Suite 6 The Generdtor Business Centre Sunry CR4 3FH Bankers: Barclays Bank 43 High Str¢¢L Sutton. SMI IDR
STRUCTU GOVERNANCE AND MANAGEMENT: Governance The ¢hur¢h is 8ovemed by a Constitution and the Chuwh Coun¢iL 8s defined by the Charities Act 2011. Membership of trustee board: The tNstees of the ¢hatity are also voluntsry trustees for th¢ pU0$¢S of Chlty law and under the charity's Constitution 8re kno1 as members of the Te¢S BoatKL Inductlon and tralnlng of trustees All trustees are familiar with the practical work of the ChUh and have undeTtaken trainin8 to support their mle. Oryanlzatlonal structure The Trustee Board meets quarterly, and feedbk re]y)rt is 8iv¢n at each meeting. The Paslor has the responsibility for the day io day operational management of the Chu supported by the Assistant Pastors. Rlsk management The Trustees have a duty to identify and review the risks to which the charity is exposcd and to ensure appropriat¢ controls are in place to provide reasonable assurance against ud and error. Internal control risks Are minimized by the implementation of procedures for authorizAtion of all transactions and projects. Procedures and risk assessments are in place to ensurc compliance with Health and Safety of volunteers: members: children; and visitors to the church OBJECTIVES AND AcfiviTIES: ObJedlves- For the Benefit ofth¢pMbllc a) To advance the Christian faith in accordance with the ststement in such ways in such parts of thc United Kin8dom or the world as th¢ chUb Council from time to time may deem fit. b) To relieve sickness and financial hardship and to promote and preserve good health by the provision f funds. goods or services of any kind including through the provision of counseling and support in such ways in such parts of the Unitd Kingdom or the world as the Church Council from time lo time may deem fit c) To advance Christian education in such ways in such pats of the United Kingdom or the world as the Church Council from time to timc may deem fiL
ACHIEVEMENTS AND PERFORMANCE: Achievements." a) The church maintained it multi-cultural state with people from Ghan4 Nigeria and Britain. b) The worship team also has become multi-cultural. c) Children Ministry is one Core foGus of the ¢hurch to help tBise future generations of power within the Local community. d) Free games are held for children in the church aTd community during school breaks. e) End of year paty was held for the Church and people from the community. The Church continues to support ppIc,S spiritual and physical and social needs. gj The church continue to evangelism thUgh regular Facebook programmes. FINANCIAL REVIEW: Chureh Fin4nees.' The church finance committee was responsible for the financial planning during the year. The church was able to raise £41,216.00 within the y¢ar as against administrative expenses of £35554.00. This resulted in a surplus of£s,662.00 The members are encouraged to donate generously to support the objKt of the church.
STATEMENf OF TRUSTEES RLSPONSIBILITIES The trustees are resw)nsible for prcp8ring the financial ststements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAP). Charity law requir&q the trustcu to prepare financial statemcnts for each financial year. Under that law the tneeS have elted to prepare the financial statements in accordance with the United Kin8dom Generally Ac¢epted Accounting Pra¢ti¢e (United Kingdom A¢¢ounling StandaTds and applicable law). The financial ststements arc required by law to givc a ttue and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparin8 those financial statements, the tNstees are required to l. Select suitable accounting policies and then apply them con8istcntly; 2. Make judgments and estimates that are reasonable And prudent; Prepare the financial statements on the goin8 concern basis unless it is inappropriate to presume that the charitable company will continue in business. The IN8tees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time th¢ financial position of th¢ charitsble company and to enable them to ensure that the financial ststements comply with the Chorities Act 2011. They are also reSnSIble for safeguarding the assets of the charity and hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularities. STATEMENT AS TO DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINERS So far as the trustees are aware, there is no relevant infonnation of which the charity's independent examiners are unawarq and each trustee has taken all the sleps that they ought to have taken as a tTUStee in order to make them aware of ony examination information and to establish that the charity's independent arnIn¢T5 aware of that information. INDEPENDENT EXAMINERS The independent examiners, Kaxton Advisory Ltd, will be pp0] for -appOIntMent at the forthcomin8 Annual General Meetin On Behalf of the T tees Boa. Rev. Enoth Davls Attah Ovrnsa 7th September 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIVING WORD CENTRE I report on the accounts of the Church for the year ¢nd¢d 31" December, 2022 which comprise the Ststement of Financial Activities. the Balance Sheet and relat¢d notcs set out on page$ 9 to12 This report is made solely to the Trustees Board in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in an Independ¢nt Examiner's report and for no other putpose. To th¢ fullest extent pern]itted by law, I do not accept or assume responsibility to anyone other than the Church and the Church's trustees for my examination work. Respectlve re8pon8lbllltle8 of Trustees #nd Examlner Th¢ Church's trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 {the Charitle8 Act)) and that an independent examination is needed. It is my responsibility to: Examine the accounts {und¢r Section 145 of the Charities Act); To follow th¢ procedures laid down in th¢ General Directions given by the Charity Commissioner (under Section 145(5)(b) of the Charities Act). and To state whether particular matters have come to my attention. BASIS of Independent Examlner'j report My examination was carried out in accordance with the General Diredions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the Church and a ¢ompari50n of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees ¢oncerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and nseqUentlY no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below.
Independent Examiner's statement In connection with my cxamination, no Inatter has coine lo my atlcntion.. l. Which gives Ine reasonable Lause to bcliev¢ that in any Inaterial respect the rcquirements ,to keep accoiiiiling record.s in acLorddllLC with S¢Lti()n 130 of Ilie Charilics Act :and I l i it() prLparL' ilLLI)unls wliich accord willi Ihc accouiiliiigy r¢¢ords and L()mply witli the accountiiig r¢(iuirLinLiils of tlIL Cliarities Act havc not b¢Ln Incl. or 2. to wliich. in my opinion. attention slioiild be drawn in order to ciiable a proper uiidLI'8laiidiiiby ot Ilic accouiil% Ii) b¢ roa¢li¢d. EMMANUEL ASHILEY. Msc. ACCA KAXTON ADVISORY LTD SUITE 6 THE GENERATOR BUSINESS CENTRE SURREY CR4 3FH Kaxton Advisory Slkyned:........
LIVING WORD CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022 2022 2021 General Restrlrted Funds Funds Total Totsl INCOMING RESOURCES Voluntary Income 41,216 41,216 25,231 Total 41,216 25.231 RESOURCES EXPENDED Charltable Expendlture: Admlnlstratlon & Management Total 35,554 19,988 19,988 Nrf INCOMING RESOURCES 5,662 5,662 5,243 Movement In Funds Net Incomlng Resources Balance brought forward Transfers (Reserve) BALANCE CARRIED FORWARD 5,662 74,126 5,662 5,243 74,126 68,883 79,788 79.788 74.126
LIVING WORD CENTRE BALANCE SHEET AS AT 31ST DECEMBER2022 2022 2021 Non-current Asset8 Tanglble Assets 1,084 1,390 Current A88ets Bank (Bardays) 79,203 73,734 79,203 73,734 Crodltorn: Amount falllng due wlthln 1 ypar Not Current A839ts 78,704 72,736 Not Assets 79,788 74,128 Fund• General 79,788 74,126 79,788 74,126 Approved by the Board Councll on nd slgned on its behalf by Rev Eno¢h Davls Attah- Owusu (Pasto In Charge) l Treasurer
NOTES TO THE FINANCIAL STATEMEI¥4TS: I. ACCOUNTING POUCIES The financial statements have been prepared in a¢¢ordance with applicable accounting standanls and the Charities SORP. Bas15 of Aeeoundng: The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are Show at market value. The financiaI statements include all transa¢lions. assets and liabilities for which the Church Council 18 responsible in law. They do not include the accounts of chUh groups that owe their main affiliation to another body nor those that are infornial gatherings of church members. Incomlng Re$ouree$: All incoming resources are included in the statement of financial activities when the charity is enlitled io the income and the amount can be quantified with reasonable accuraey. The following specific policies are appli¢d to particular categories of income. Voluntary Income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of specific perforniance by the charity are recognized when the charity becomes unconditionally entitled to the grant. Donated services and facilitie5 are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incomin8 resources within the activilies for 8eneratinB fimds when they are sold. Income from investment is included in the year in which it is receivable. Resourees Expended: Expenditure is recognized on the accrnal basis as a liability is incurred. Expenditure included any VAT which cannot be fully reeovered, and 1$ reported as part of the expenditure lo which it relates, Costs of generating funds comprise the costs associated with attracting voluntary income and ¢osts of trading for fundraising purposes including the charity'$ shop. Charitable exp¢nditure ¢ompris¢s those costs incured by the charity in the delivery of its activities and services for its b¢D¢fici4ries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary lo support them. Governance costs arc those costs inCu¢d in support of ¢xpenditur¢ on the objects of the charity and include prnject management.
LIVING WORD CENTRE NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2022 2. INCOMING RESOURCES 2021 Total Funds General Funds Total Funds Voluntary Incom Gen•ral Fund General Offering Tithes Other 17.807 8.763 14,647 41,216 17,807 8,763 14,647 41,216 19,005 6,226 25,231 TOTAL 41,216 41,216 25,231 io
LIVING WORD CENTRE NOTES TO THE ACCOUNTS. 31ST DECEMBER, 2022 3:RESOURCES EXPENDED 2022 2021 Total Man ement & Admin Renu Rates Donations Travel & TrdnsportlFuel Administration Accountancy SeNices Subscription Stationerylpostage Pastoral Expenses Telephone I Intemet Evangelism Social Activities Instrumentalist Depreciatlon Welfare 6.238 7,716 315 533 499 1,833 255 6,140 310 100 1,870 3.780 1,105 4.860 6,238 7,716 315 533 499 1,833 255 6,140 310 100 1.870 3,780 1,105 4,860 5,791 200 326 450 499 187 275 5,456 218 100 2,300 1,286 2.900 35,554 35.554 19.988 NOTES TO FINANCIAL STATEMENTS-31ST DECEMBER 2021 2022 2021 4. CURRENT UABIUTIES Accountancy fee 499 499 998 499 li
LIVING WORD CENTRE NOTES TO THE ACCOUNTS- 31ST DECEMBER 2022 5: NON CURRENT ASSETS Muslcal Inst Computer Fumlturg Equlpment Ai Cost as at January 2022 Additions Disposal Balance as at 31 st December 2022 15,026 400 2,499 400 2,557 580 20.662 800 15,426 2,899 2,557 580 21,462 DepreclationlRats As at 1 st January 2022 Charge for the year Balance as at 31 st December 2022 14.356 535 14.891 2.129 454 2.583 2.556 232 19,272 116 1,105 348 20.377 2,556 Net Book Value As at 1 st January 2022 As at 31 st December 2022 1.071 535 770 316 2,190 1,084 232 12