THE LORD'S CHOSEN CHARI ANYU MATIC R NTEE AL MIN TRIES Com nd and Wa Chari Numb•r 1111927 ofthèT Fl P•rlod f Acc stsrt Dat•: 1st 22 t•: 31st h 2023 THE LORD'S CHOSEN CHARISMATIC R COMPANY UMtTED BY ARANT ntents of tt* FinarKial Stst•ments F the Perlod Ended 31 Marc 23 ALMINI TRIES COhlT£NTS PAGE Mernt￿rn of the Board and Proftssl•)nal advlsern Tntst¢es Annual Rgpfrtl 2&3 Reports of th• ind•pondgTrt oxaminar Statsment of financial a¢tlvldg8 Balance Sh8et Notes to tho Flnancial Slatgments 7t012 THE LORD'S CHOSEN CHARIS ATIC R Y UMIT BY GUARANTEE IAINISTRIE Members 01 ts Board a l adviseys For Pgriod End•d 31 Mar¢h 2023 Rogistered charlty nam• THE LORD'S CHOSEN CHARISMATIC RE￿vAL kllNISTRIES Charlty Mumbor Company R•gistration M￿ts8r 05578120 IENJland ar￿ Wal&sl Règistered Office 3 Herringham Road Charlton London SE7 8NJ Board of Trustees Mrs Joy Illuoka l•Yil8¢n I￿ka Odunze Accountsnts T. T. ACCOUNTANCY SERVICES UNIT 19, NICE BUSINESS PARK 1￿5 SYLVAN GROVE LONDON SE15 1PD TEL 02039741266 Page 1 THE LORD'S CHOSEN CHARISMATIC PANY UA Trusts8s Annual Re For Pefl 31M h2023 The Trust•es, also directofs for the purposo of company Law. have pleasure in presenting thelr report and the unaudrted fmawal statements of the ¢harty forthe year ended 31 March 2023. REFERENCE AND ADMINISTRATION DETAILS Reference and adminislrats.on detsils ère shovffi in the scI￿dU* of members of the board and profession81 a￿V￿r9 on page 1 crfthe fvian¢i81 statements. TRUSTEES TrustOgB WI￿ •oNgd th• charfty durlrvJ th• p8rfod •• foll(*•M: Pastor Lazarus Muoka Joy Muoka Wilson Iweka Odunie Charles George 0108gbu STRUCTURE. GOVERNAMCE AND ￿llAGEMENT The charty VA8 IrKorp¢X8ted as a company lim¢ted by guarantee on 29 Septembèr 2005 and is goveme(I by an A￿de and knrandum ol As8oo"alThi. Appolntmenl ol TnJste¢s *ere inlbalty by rècommendation of the eldern ofth• Church and approved by the church nxmbers. AclNrtw organised In furtherance ol the obiedN•s indude regular Sunday thirth 8epiK88, Tel￿10u8 ¢m¥ent￿$, s•mlnafs and trwnfftg V•rJrkshops. OBJECTIVES AND ACTNITIES The main obj'ethves of the chanty are Ihe advanCerne￿ of ch￿n fath, thg rekef 018ickness, poverty and the advancement of education in accordance vAth Chri5tban prinGiFdes. ACHIEVEMENTS AND PERFORMANCE The ¢hurch started in 2004 as a fdh)vAhip ofa fgw people 7*tho met at the home ofthe mambèrs. The number grewarKI soon ￿nted a premBes for ts Sunday Serv￿$. To the 910ry ot God. the church has nowestablished and is grovin9 stronger in the Lord manifestation of God's mirade on her members and everyone vkno comes into conts¢t God of Chosen. The ¢huTch has been 1ft￿rF￿1ed as a o)mpany Ilmrted by guarantee and obtained a ch￿￿ stakn*. P•ge 2 HELO EN CHARISMATIC REVIVAL MPANY UMITED BY GU ES 1 IAlarch 2023 RESPONSI8IUTIES OF THE TRUSTEES The TrLEStees (ththo are also the dweclors ofthe Loryjs Chosen CtTrafisn* Rewval Mknistries forthe purpose of c¢)mpany law). are re8￿th fi)r prepaiing the Trustees Annual Report and the Fmancial statern￿ Thi acc(Ydm *lth appl￿abbe *and Accounting Practice). Company taw requires the Tntstees to prepare FmanC￿ stateMent￿￿th gNe true and fair vwof the state ofaffairs of Ihe tharilable fXHnp8ny and ofthe inethning and 8pplicabk of resources. Indu(ly￿ ts Inco￿ aThJ expenditures of the chaiiiable In preparing Il*se Fironci* Statements, the TTUStees are re￿ to.. . Seket ￿tsb18 accountnig polms and applythem . ObseNe Ihe methods and Ai the charities SORP", . Make judgments and estftmates that are reasonable pnM*nt . Prepa￿ the financ￿1 st*ments on a concern basis unless it is inwopiB to assume that the tharity v*a ¢￿tinue in OFerabJi. reasonable accuracy at arry lyrnè the fmancwl poth ofthe (*aty conyny and ensure that the Financial Statement fx*mpty *ith the Ccmpany Act 20C6 aTKI Charitable Act 1993. The trustees are also res[￿￿e1)r safeguarding assets ofU* charity arKI hence tsk￿￿ reasonable steps for the WeVenti￿ and detect￿ of fraud aThJ other wregulantss. ACCOUNTANTS A resolution to appoiitT Tknuntw ServKes as A￿X)ntsTrts forthè en$urYvJ pr be prcp)sed *the Annual kl•etvig. CHARLES GEORGE OFOEGBV WILSON IWEKA OOUNZE Auton￿ Signatorfes LORD. PANY CHAR TIC EE MWED Re the Pwlod ErNj￿ 31 Mar¢h 2023 I reporton the accounts ofthe dwity forthe year ernled 31 Marth 2023 set out pages6to11 RESPECTIVE RESPONSIBILMES TRUSTEES AND INDEPENDENT EXAMINER As the ¢hariVs tnjstees you are reSp￿S1)le fwthe Fryalatb￿ ofthe accetyjnts. y con8id•r thatthè audrl rÈqurement of section 43{21 of the Chartb"es Act 1993 (the Act). as amended by s.28 of the charl￿ Act2006 does not aFply. It my respon$d>ity to.. examine a￿OUnts under Se¢￿ 43 ofthe Acl as amended, to foltow proeedures specffied in the General Directrns given by the Charty CommisS￿nerS under section 43 (71(bl ofthe Act as an￿nded. and to sl* part￿￿¥ matter¥ have come to my attenlion. 8ASIS OF INDEPENDEKf EXAMINERE STATEMENT My examiiation *0$ carnied txrt in att￿danCe *ith the Genernl tireclh)ns gven by the Charities Commis%oners. An examinatN)n inthdes a reviewofthe ￿cOunting re￿[￿S kept by the charity and in G￿rISK￿ oflhe accounts ￿es￿d Ihose record$. It also incbjdes ¢wsider8tw ofany unwl Ite￿ or disdosu￿s fft the The procedures undertaken do not provth al the evkyence that vLsubJ be required in an audi( and consequenty I do notexprtss an audit opinKm on the vithvgNen by the acx*unts. INDEPENDENT EXAMINERE STATrIEMT In ¢onneL*on *fjlh my examrothyi. rK) rr*r Iw o)m8 b) my *rikn: 1} gives me reasonth cause to b*ve aly mate11￿ respedthe quirements.. • lo keep accounting re￿8 in aco)rdance Vthilh se(*on 41 oftheArt and • to wepare accounts accord vith the accoLEning re¢xJrds arKI to compty *ilh the a¢Jx)untmg requirements ofts Act have not been nrt or 21 to ￿kn1¢h, in my opwibn, attenlion shwld be dra*n kn uderto a pror under5 ing of Ihe aox)u THOMA Accounts r. T. AccouiifA14CY SERVICES UNIT 19, NICE BUSINESS PARK 1>35 SYLVAN GROVE LONDON SE15 1PD ATUROTI THE LORD3 CHOSEN CHARISMATIC REVIVAL MINISTRIE comp NY UMITED BY GUARA14TEE statemen of Finan¢ inco orati the income and ex Y￿r ended 31 March 20 Unrn8 Unr•strictod Funds 2022 2023 INCOMIMG RESOURCES NOTES Incoming resources from generakng fijnds Voluntary Income Other income resource$ Investhent income TOTAL INCOMING RESOURCES 292.491 230.273 42 292.S33 230.274 291533 230.274 RESOURCES EXPENDED Charitable activities Governance costs TOTAL RESOURCES EXPENDED 247.646 5.325 251971 214.611 4.127 218,738 MET INCOMING (OR OUTGOIMG) RESOURCES FOR THE YEAR 39.562 11,536 Total funds brought foward IplusldefKit) 39h33 27m7 Total funds Carrled forward 78.995 39,433 The Stotementof Finon(ialArtivitles indude all golns ondlosses In the ond therefvre a statement of total recogmzedgoins o*1dk￿h0$fft￿t been P￿pAre All of the above omountsrelate to contirtulng a(tsvitwe& The notes on pages 7 to IOAomi wirtoAthesefinontytiistotement& THE LORD% CHOSEN CHARISMATIC OMPANY U ITED BY G ARA EE lance at3 r¢h 2023 2023 AL MINISTRIES 2022 FIXED ASs￿s Tangib￿ assesls Total FvAed Assets 13,724 13.724 10,125 10,125 CURRENT ASSErs Debtofs and PrepaYM￿lts Cash at bank and in hand Total Curr¢ntA$8ats 10 li 66.021 66.021 33.909 33,909 CREDITORS Amountfalbng due vAthin a year Net current a55ets 750 4.601 65.271 78,995 29.308 39.433 FUNDS unrestn.ded 1￿m￿labl￿tyfvnds TOTAL FUNDS 78,995 78.99S 39.433 39833 Forthe yearended 31st 2023 the wmpany ￿a5 entlled lo exem￿￿￿1 from aud underse6Yion 477 olthe LX)mpan*sAct 21￿%. The rn8Mbe￿ have n0tr8qu￿ed the conwany to t)t*ain an audtin a(xiydanL¥ wRh sedh?n 476 ofthe companiesAd2(Kl6. fhe Act wfth r8s&wI to accx)unt•u and fiytheprgparatth of86Y#)unts. These a¢￿U￿ts have been pwr8d n aLxvdanc8 wth the mlVSA)ns ap￿thble to companies sutyect to small c0nry)an￿s rEgI1￿ 8nd in acLx)rdarn¥ wfth the F￿￿￿¢¢1 R8POrtmg StandaKI trSmalleTEnttrs (EffeL*ve 2tM). The notes on pagos 710 10 ￿rtOf these ffi￿￿els￿t$ments. The FinanGyal Ststsnmts Irds 8PPfDvedty the Boa￿1 on the 261h Cttob8r 2023 SIGNED ON BEHALF OF THE BOARD BY: CHARLES GEORGE OFOEGBU WILSON IWEKA ODUMZE Authorisad slgnatorfos THE LORD8 CHOSEM C ARISMATIC REVNAL MINISTRIES GOMPANY LIMITED BY GUARANT No th¢ Financial Ststeme Ygar Ended 31 March 2023 1 Ac¢<>unting polkies The principal accounting pows are SLfftimarised below. Tr xounling p￿￿leS have been applEd consislenty throughoLrt the year and the PTe¢eding year. 1.1 Basis of preparnlion ofaccounts These accounts have been prepared underlhe historKal cost basis txn¥ention and in accordance vith appI￿ab￿ United K￿￿jdOM Accounting Stsndards the Statement of Recommended PraCti￿.AccOunkn9 and ReP￿￿g by chwthe5" isyJed in Match 2005 ISORPI and the Company Ac120C6. 1.2 IncLMning rgsource5 All incoming resources are iftd￿ed in the sl*ement offinanual athths *hen the charity is entrtled to the income and the amount can be quantsfied wth reasonab accuracy. The tolb￿Ing speofK polThJ are apphed to partular categories of irwme.. Voluntary Incon￿ is r￿￿ed by way of granls. donat(￿$ and grfts and ts included fvll in Ihe ststernent of finanual athths vknen receivab￿. Grants ￿there entiuement is r￿t condibonal on the dehvery of a speafK perfomance by the chaTity. are recognised %%l)en the tharity becomes unGondit¥)naty enthd lo the grant Donate(I services and faolths are inckKled atthe value to the chaTrty *here this can be quanbfied. The wa￿ of sgrvites prww¥Yed by volunteers has not been induded. Gif15 donated for resale are I￿uded as incoming resou￿ ￿1th1n ac*vibes for generab.ng fvnds vknen they a￿ sohj. Income from invesfftrts ks indLNJed in Ihe yEar rt is receivable. 1.3 Rosourcos Expend•d Expendrture is re¢ognbsed on an acuual basts as a liabibty ts iN￿rr￿1. ExPendi￿re includes any VAT cannot be fvlly recovered, and is rewjrted as part of the expenditure to il relates. inc4Th and the costs of Ir•Jirgforfvndrntsing PLffFKées 11K4￿j1￿ tha chantys shop. CharitstAè axpenditure ofthw costs ingJrr&l by the L*arity in th8 dEINery of its act￿￿89 and servKe5for ts I￿￿￿•7eS. It L￿th cx)sts that can te to supFort thwn. Page 7 THE LORD. CHOSEN CHARISMATIC REVNAL MINISTRIES COMPANY UMITED BY UARANTEE Notes to e Financi I Stateme Contin ar Ended 1 March 2023 IA Tanglble fixod ass•ts and *rn¢iation Tangible ftx&J a55ets are stated at C(6t less aCCLmulatBd daweciaticm. Depfyciab is provided at tates calculated lo￿lIe off Ihe cost less resKlual value of eacth assets over rt$ expedgy useful lrfe as foblo*o." F￿l￿re. fftbThJ¥ and ￿￿￿nent Vehidg 25% 25% IS In¥estmeTrts Cu￿ent a58et inv8strnents arg atth8 Wr ofcoBI ar¥J ￿ realisabkn val￿. Page 8 THE LORD'S CHOSEN CHARISMATIC REVIVAL MINI COhlPANY UMITED BY GUA NTEE Notes to the Financlal State Conlin r Ended 31 March 2023 TRIES 2 VOLUNTARY INCOME Unrestrirt Funds 2023 Unr•strict•d FurKIs 2022 Donat￿n$ 292.491 230,273 292N91 230.273 3 OTHER INCOME RESOURCES Unrestricted Fund# 2023 Unre8tri¢t•d 2022 Other materials 4 INVESTMENT INCOIIJE Totsl FundB 2023 Total 2022 Bank Intgrest Receivablo Pa￿9 E LORD'S CHOSEN CHARISMATIC REVIVAL MINI PANY UMITED BY GUARA EE to the finan tal Statsments Contin rts of thè inde ndant ex¥min8r TRIES Re 5 COST FCHA ITABLE ACTMTIES BY ACTivrtY TYPE Unrgstrictsd Unrestrictod Fund5 2022 2023 Rent and Rates Gharrtable DonationlFh)nordrium Hospitalrtymleifare to men*)ers Transport and Travelling IHotel Adve￿'sement & Pr¢)motionlMi%wn Motor Ex￿nSeS Telephone & Computer IT Insurance & Council tax others uts.lty and others Printin9 and StatKJnery Equipment exFensed Subsistence Repairs & Maintenan Profes%onal Fees Proteclive clothing Bank charges other Expenses 67.853 23.582 53,744 47,460 10,727 5,815 92.943 5,718 48,483 20,136 1.589 1.501 799 1,277 19,888 2.537 4,430 4,898 5,463 1.325 7.973 2.997 2.655 12,247 3,326 188 850 597 5,639 247.646 383 4,546 214,611 6 GOVERNANCE COSTS Vnrestrlcted Funds Totsl 2022 Accountantry Fees Legal and Professional Fees Interest payablè Doprgciation Total 750 750 4.575 5,325 3,377 4127 7 INCOMEI{OUTGOINGI RESOURCES FOR THEYEAR 2022 Thi5 is stated after charging 39.562 11.536 Pag• 10 THE LORD CHOSEM CHARISMATIC R COMPANY UMITED BY GUARANTEE Notes to th¢ Financial Stats ents Conlinugd Yoar End9d 31 March 2023 AL MINISTRIES 8 STAFF COSTS AND EMOIUMENTS 2023 2022 Total staff costs were as follows Wages and salaries & soKial security costs Parbcular of employees The average number of employee during the year calculated on the basis of full-time equivalent was nil duringthe year. No employee received emolument of more than £￿.(￿ duringthe penod 9 TANGIBLE FIXED ASSETS Equipment Motor Vehlde Fumttufe & Flttings Total COST As at 01.04.2022 Additor 8893 700 8.174 8,874 10.125 8,174 18.299 8.493 932 Deprecatlon As at 01.04.22 Charge for the year As at 31.03.23 14et Book Value At 31.03.23 2.123 233 2.219 4.57S 6.370 699 6.65S 13.724 As at 01.04.22 ,125 10 DEBTORS 2023 Amounts oN%ed by group undertakn.ngs and undertaking in vthk* the charity has a participats.ng interest other debtor5 THE LORDE CHOSEN CHARISMATIC REVIVAL MI UMITED BY GUARANTEE NOTES TO T E FINANCIAL STATEPAENTS Con ofthgFi ial Statoments TRIES 11 CASH AT BANK AND IN HAND 2023 HSBC a'c•31397087 HSBC a'c-31397095 HSBC a'c-91521519 HSBC Manchesler Cash in Hand 27.331 7,868 12.958 13,935 3,929 $6.021 12 CREDITOR8: Amount falllng du• wlthln • y•ar 2022 Bank Lo*n •nd Cfv•nlraft• AcLrual Credrtorn 750 750 13 UMRESTRICTED INCOME FUNDS Bal at Incomin9 t)rtgolNJ 01m4rk022 Ro8ourGu R•8our At 31 M•r 2013 39.433 292.533 252.971 78,99S Unrestricted fvnds are used for the day to day runnlng of the Charity, operation. 14 ANALYSIS OF NET ASSETS BEtWEEN FUNDS TarwJlblo Flxed a$￿ts Not curr•nt Totsl Il•lbllltl 13,724 780- 12,974 15 COMPANY UMITED BY GUARA1￿EE The company is limrted by guarantee and therefm has rbo share eapital. Every merrt)er undertake8 to ¢ontrt*ute suth amount as may be r•quired but not exceedirvj £10 to assets ofthe ctsry)any in the event of a winding up. Page 12