LIVIIWG WOIIID TRUSTEES REPORT AND ACCOUNTS 2024 PrwaTd bv" Kaxton Advisory LIVING WORD CENTRE 44 CONISTON COURT HARCOURT ROAD WALLINGTON SM6 SAT
LIVING WORD CENTRE REPORT OF THE TRUSTEES FOR THE YEAR EliDED 31sI DECEMBER2024. The trustees of the charity present their report with the financial statements ot. the charlty for ihc ycar cndcd 31, Dcccmbcr 2024. Thc trustccs haN'c adoptcd thc provision.8 of thL Statcmeni of Recommended Praciicc (SORP) 'Accountin&J and Reporting bs, Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS: Registered Charity Number: 1107285 Reglstered Office: 44 Coniston Court Harcourt Road, Wallington SM6 8AT Trustees: Rev. Enoch Davis Attah Owusu Ms Olivia Owusu Mrs Paulina Addo Mr Christopher O. Donk"or Trustee {Ch8irn]an) Trustee Trustee Trustee Independent Examinera: Kaxton Advisory Ltd Suite 6 The Generator Business Cenlre Surrey CR4 3FH Bankers: Barclays Bank 43 High Street. Sutton. SMI IDR
STRUCTURE. GOVERNANCE AND MANAGEMENT: Governance The church is governed by a Constitution and the Church Council. as defined by the Charities Act 2011. Membership of trustee board: The trustees of the charity are also voluytsry trustees for the purp)ses of charity law and under the charity's ConstAtution are known as Mernl of the Trustees Board. Induction and training of trustees All tnS are familiar with the pracucal work of the church and have undertsken training to support their role. Organizational structllre The Ttee Board meets qiiarterly, and feedback report IS gTiven at each meetinL. The Pastor has the Tesponsibility for the day to day operational management of the church supported by the knistanl Pastors. Risk management The TrSte¢S have a duty to idetrtify and review the risks to which the charity is exFM)sed and to ensure appropriate controls are Èn place to provide reasonable assurance against fraud and error. Intrrnal control risks are minimized by the implemenlation of procedures for authori72tion of all transactions and projects. Procedures and risk &ssessments are in place (o ensure eompliance with Health and Safety of volunt¢ES; members; children: and visilors to the church OWEcfivES AND ACTIVITIES: Objeedves- For the Benefts ofihepublic a) To advance the Christian faith in ac(x)rdance with the statement in such ways in such parts of the United Kingdom or the world as the Church Council from time to time may deem fLt. b) To relieve sickness and financial hardship and to promote and preserve good health by the provision f fimds. goods or services of any kÈnd including through the provision of counseling and support in such ways in such parts of the United KAngdom or the world as the Church Council from time to time mav deem fit c) To advance Christian education in such ways in such parts of the United Kingdom or the world as the Church Council from time lo tftme mav deem fit.
ACHIEVEMENTS AND PERFORMANCE: Achievements." a) The church maintained it multi¥cultural state with people from Gha Nigeria and Britain. b) Thc worship tcam also has bccomc multi-cultural. ) Children Ministry is one core focus of the church to help raise fulure gjencrations of power within the local community. d) Free games are held for children in the ChUh and community during school breaks. e) End of year party was held for the Church and people from the communiti,. .fj The Church conlinues to support people s spiritual and physical and social needs. The church continue evangelism thmugh regular Facebook programmes. FINANCIAL REVIEW: Church Finances.. The church finance committee was reS)nSIble for the fllwicial planning during the ycar. The church was able lo raise £49,959.1)O within the year as againsl athninisiralive expenses of £60,977.00 This resulted in a deficit of £11,017.00 The members are encournged 10 donate generously to support the objecl of the church.
STATEMENT OF TRUSTEES RLSPONSIBILITILS The trustees are resp)nsible for preparing the firla1 stsiements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAP). Charity law requires thc truslees to prepare financial ststements for each financial year. Under that law the trustees have elecd to prepare the fllwicial statements in accordance with the United Kingdom Generally Accepted Accounting Practice {Unitcd Kingdom Accounting Standards and applicable law). The fmancial slatements are required by law to give a true and fair view of the stsle of affairs of the charitsble company and of the surplus or deficit of the charithble company for that period. In preparing those financial statemeni& the tnjstees are required to l. Select suitsble accounting policies and then apply them consistenrly. 2. Make judgments and estimales thai are reasonable and prudent: 3. Prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the Charitable LrnPanY will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accura¢y at any time the financial position of the charitable company and to enable them to ensure that the financial staments comply with the Charities Act 2011. They are also rcsFK)nsible for safeguarding the assets of the charity and hcnce for taking renable steps for the prevention and detection of fraud and other irregularities. STATEMENT AS TO DISCLOSURE OF INFORMATION TO INDEPENDEIYT EXAMINERS So far as the trustees are aware, there is no relevant informalion of which the charity's independent examiners are unawdre, and each trustee has tsken atl the steps that they ou&vht to have taken as a trustee in order to make them aware ofany examinalion infonnation and to establish that the charity's independent examiners are aware of that inforniation. INDEPENDENT EXAMINERS The independent examiners, Kaxton Advisory Ltd.: will bc proposed for r¢-appointment at the forthcoming Annual General M¢elin8. OnBe e TnL8tees Board.. Rev. Eno¢h Davis Att*h Owus IO, August 2025
NOTES TO THE FINANCIAL STATEMENTS: I. ACCOUNTING POUCIES The financia] atements haTre been EPared in accordance with applicable accounting standards and the Charities SORP. Basis of Accounting: The financial statements have been prepared under the historical cosl convenlion except for the valuation of investment assew which are shown at markel &aluc. The fin4mcial statements include all tran8actions. ats and liabilities for which the Church Council is responsible in law. They do not include the accounts of church groups that owe their main atTiliation to another body nor those that are infornial gatherinbs ofchurch mcmbers. Incoming Resources: All incoming resources are included in the statement of financial activities when the charity is entitled to the income and thc amount can be quantified with reasonable accura¢)'. 11)e following specific policies a applied to particular Categories of income. Voluntsry Income is received by w'ay of grants, donations and gifts and is included in full in the statement of financial actil'ities when receivable. Grants ivhere entitlement is not conditional on the delivery of specific perforniance by the charity arc recobwni£cd when the charity bccomes unconditionalEy cntiilcd to thc granL Donated services and facilities are included at the N'alue to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated t'or resale are included as incoming resources within the activities for generating funds when they are sold. Income from investment is included in the year in which it is receivable. Resources Expended: Expenditure ts recognized on the acc1 basis as a liabillty is incurred. Expenditure included any VAT which cannot be fulEy recovere¢ and is reported as part ot. the expenditure to which it rela5. Costs of generating fimds comprise the costs a%Ciated with attracting voluntary income and costs of trading for funthaising pun)oses including the charity's shop. Charitable expenditure comprise5 those costs incurred by the charity in the delivery of its aclivities and servic&8 for its bencficiaries. It includes both cosls that can be allocated directly to such activiti and those costs of an indirecl naiurc necessary icj suppori ihem. Governance costs are those costs incuTTed in support of expenditure on the objects of the harity and include project managemenL
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LMNG WORD CENTRE I report on the accounts of the Church for the year ended 31 December, 2024 which comprise the Statcment of Financial Adivities. the Balance Sheet and related notes set out on pages 9 to12 This report is made solely to the Trustres Board in accordance with Section 145 of the Charities Act 201 I. My Work bas been widertaken so Ihat I might state to the charity's trustees those matters I am required to 51ate to them in an Independent Examiner's report and for no other purpose. To the fullest exlent perniitted by law, I do not accept or assume responsibility io anyone other than th¢ Church and the Church's Irusrees for my examination work. Respectlve Responslbllltles of Trustees and Examiner Th¢ Church's trustecs arc rcsponsiblc for thc prcparation of thc accounts. Thcy considcr that an audit is not required for this year (under Section 144 of the Charities Act 2011 (thc Charities Act)) and that an independent examination is needed. It is my responsibility to: Examine the accounts (under Section 145 of the Charities Act). To follow the proceduTQi laid down in the General Directions given by the Charity Commissioner (under Section 145(5Xb) of the Charities Act): and To state whether particular matters have come to my attention. Basls of Independent Examlner's report My exan]ination was carTied out in accordance with ihe Gener41 Direclions given by the Charity Commissioner. An examination includes a review of the actounting records k¢pt by the Church and a comparison of the accounts presented with those record8. It also includes Considerdtion of any Unusual items or dIlosureS in the accounts, and seeking explanations from you as trustees concerning any such matters. Thc prindurcs undcrtakcn do not providc all th¢ ¢vidcncc that would bc rcquircd in an audiL and consequently no opinion is given as to whethu the accounls present a 'truc and fair. view and the report is limited to those matters set out in the siatement below.
Independent Examiner's statement In connection with my examination, no matter has come to my attention: l. Which gives me reasonable cause to believe that in any material respect the requirements ' to keep acwunting records in accordance with Section 130 of the Charities Act - to prepare accounts which accord with the accounting rttords and comply with the accounting requirements of the Charities Act have not been met. or 2. to which, in my opinion, attention should be drawn in order to ¢nabl¢ a proper understanding of the accounts to be reached. EMMANUEL ASHILEY. ACC KAXTON ADVISORY LTD SUITE 6 THE GENERATOR BUSINESS CENTRE SURREY CR4 3FH Siglled:.
LIVING WORD CENTRE STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 General Funds Restrlcted Funds Total Total Note INCOMING RESOURCES Voluntary Income 49959 49959 22813 Total 22813 RESOURCES EXPENDED Charltable Expendlture: Administration & Management Total 60977 60977 33019 330 NET INCOMING RESOURCES -11017 .11017 -10206 Movemenl In Funds Net Incomlng Resources Balan¢• brought lomard Transters (Reserve) BALANCE CARRIED FORWARD -11017 69583 -11017 69583 -10206 79788 58566 58566
LMNGWORD CENTRE BALANCE SHEET AS AT31ST DECEMBER2024 Note Nonlurrent Assets Tangible Assets 6110 2351 6110 2351 Current Assets Bank (Barclays) 52954 67731 52954 67731 Credltors: Amount falling due within l year 499 499 Net Current Assets 52455 67232 Net Assets 58566 69583 Funds General 58566 69583 69583 Approved bythe Board CounciLon . And signed on its behalf by Rev Enoch Davls Attah- Owusu (Pastor. ar ( Treasurer)
NOTES TO THE FINAIYCIAL STATEMENTS: I. ACCOUNTING POUCIES The fjnancial ststements have been prepared in accordance with applicable accounting slandards and the Charities SORP. Basis of Aeeounting- The financial statements have teen prepwed under the historical cost convention except for the valuation of investment which are shown at market alUe. The financial 8tatements include all transactions. a&sets and liabilities for which the c.hurch Council is responsible in law. Thcy do not include the accounts of church gmups that owe their main atTiliaiion io anothei body nor those thal are infomial gatherings ofchurch mem1[S. Incoming Resources: All incoming resoutces are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified Vrfith reasonable accuracy. The following specific policies are applied to particular categories of Éncome. Voluntsry Incomc is received by w7y of grant& donatAons and gifL8 and is included in full in the ststemenl of financial actiNities when re1vable. Grants ivhere entiilement is not conditional on the delivery of s1c1fiC perfornwi¢¢ by the charity are recob¥ni7£d whcn the charity bccomcs uOndItionallY cntitlcd to thc granL Donated services and facilities are included at the value to the charity where thts can be quantified. The Tralue of services provided by voluneTs has not been included. Gifts donated tor resale are included as incoming resources within the activities t.or generating fiujds when they are sold. Income from investment is included in the year in which it is receivable. ResoureL8 Expended: Expenditure is recognized on the accrual basis as a liability is incurred. Expenditure included any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relas. Costs of generating funds comprise the costs associated with attracting voluntary incAime and costs of trading for fundraising purpx)ses including the charity's shop. Charitable expenditurc comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs thai can be allocaled directly to such activities and those costs of all indirccl nature nccessary io support thcm. Governance costs are those costs incuTred in support of expenditure on the objects of the charity and include Project management.
LIVING WORD CENTRE NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2024 2. INCOMING RESOURCES 2024 Total Funds 2023 Totsl Funds General Funds Voluntary Income General Fund General Offering Tithes Other-Gift Aid 24,853 11,298 13.809 49,959 24,853 11,298 13,809 49,959 14,348 8,465 22,813 TOTAL 49,959 49,959 22.813 io
LIVING WORD CENTRE NOTES TO THE ACCOUNTS - 31ST DECEMBER. 2024 3:RESOURCES EXPENDED 2024 Total 2023 Total Mana ement & Admln Renu Rates Donations Travel & TransportlFuel Administration Accountancy Services Subscription Stationerylpostage Pastoral Expenses Telephone I Intemet Evangelism Social Activikn'es Instrumentalist Depreciation Welfare Repairs 14,124 4,465 350 2,599 499 1,695 866 6,000 240 14,124 4,465 350 2,599 499 1.695 7,788 3,560 280 1,372 499 2,096 240 6,500 295 152 965 4,230 1,707 3,335 6,000 240 897 7,305 1,528 2,410 18,000 897 7,305 1.528 2.410 18,000 60.977 60,977 33.019 NOTESTO FINANCIALSTATEMENTS-31STDECEMBER2024 2024 2023 4. CURRENT LIABILITIES Accountancy fee 499 499 499 li