##
|Trustees||Mark Sherratt,|Senior|Pastor|||
|---|---|---|---|---|---|---|
|||Virginia
Brown|||||
|||Peter Takacs|||||
|||Omotayo
Kufeji|||||
|||Joseph Amaeze|||||
|||Jon Keel|||(Appointed|8 March 2022)|
|||Gabrielle Osei|||(Appointed|8 lAsch 2022)|
|||John Eh|||(Appointed|8 March 2022)|
|||Fata Komolafe,|Chair||||
|Secretary||hn Baird|||||
|Charity number||1119304|||||
|Company|number|05982564|||||
|Registered|office|Strudwick
Drive|||||
|||Oldbrook|||||
|||Milton
Keynes|||||
|||MK62TG|||||
|Auditor||Crouchers
ttd|||||
|||2Copperhouse|Court||||
|||Caldecotte
Business||Park|||
|||Milton
Keynes|||||
|||8uckinghamshire|||||
|||England|||||
|||S4K7 8NL|||||
|Bankers||Natwest
Bank P'a|||||
|||K)I Silbury
Boulevard|||||
|||Saxon Gate East|||||
|||Milton
Keynes|||||
|||MK9 3ER|||||
|Solicitors||Geldards liP|||||
|||Dumfries
House|||||
|||Dumfiies Phce|||||
|||Cardiff|||||
|||CF1032F|||||
|Trustees'
report|Trustees'
report||||
|---|---|---|---|---|
|Independent|auditor's||report||
|Consolidated|statement||offinancial|acfiriTim|
|Consolldaled|balance||sheet||
|Charity
bahrnce
sheet|||||
|Consolidated|shtement||ofcash fiows||
|Nates
Sr fire|finandel|statements|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Current financial|year||||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Resbtcaed||Tabil|
||||||funds|funds|||
||||||2ttu|2022|||
|||||Notes|6|E|||
|fnaome from:|||||||||
|Income from donations||and legacies||2|1,063,456|157,412|1,220,868|1,034271|
|Income from Other|trading||actiVities|3|963,607|3,449|967,056|770,247|
|Other income||||4||||78,142|
|investment
income||||5|75,699||75,699|73,441|
|Total income|||||2,102,762|160,861|2,263,623|1,956,101|
|EttgmdftttaaJtg'|||||||||
|Expenditure
cn raising funds|||||||||
|Fundiaising
trading|expenses|||6|97,309||97,309||
|Other trading
expenses||||6|41,800||41,800|17,923|
||||||139,109||139,109||
|Charitable
activities|expenditure|||7|1,823,102|119,331|1,942,433|1,754,619|
|Other expenditure|||||||4,588||
|Total expenditure|||||1,966,799|119~1|2,086,130|1,850,385|
|Nst incoming
resources|||before transfers||135,963|41,530|177,493|105,716|
|Gross transfers
between||funds|||35,717|(17,794)|17,923||
|Net movement
h funds|||||171,680|23,736|195,416|105,716|
|Find balances at 1January 2022|||||2,799,519|228,229|3,027,748|2,922,032|
|Fund balances R|3t December 2022||||2,971,199|251,965|3,223,164|3,027,748|
##
||||||2022||2921||
|---|---|---|---|---|---|---|---|---|
||||||||8||
|Fixed assets|||||||||
|Tangible assets||||12||2,743,526||2,833,994|
|Current assets|||||||||
|Debtors||||15|57,497||29,424||
|Cash at bank and h||hand|||||579,102||
||||||694,105||608,526||
|Creditonn|amounts|falling|due within||||||
|one year||||16|(214,467)||(157,864)||
|Net cunant|assets||||||||
|Total assets less current|||liabilities|||3,223,164||3,284,656|
|Creditors:|amounts|falling|due after||||||
|mom than|one year|||17||||(256,908)|
|Net assets||||||3,223,164||3,027,748|
|Income funds|||||||||
|Restricted|funds|||18||251,965||228,229|
|Uftrrtn~if|funds||||||||
|Designated|funds|||19|2,971,199||2,799,519||
|||||||2,971,199||2,799,519|
|||||||3,223,164||3,027,748|
##
##
|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
|||||||E|||
|Fixed assets|||||||||
|Tangible assets|||||||2,742,258|2,832,101|
|Investments|||||||100|100|
||||||||2,742,358|2,832,201|
|Current assets|||||||||
|Debtors|||||15|49,821||42,183|
|Cash at bank and h|||hand|||590,031||540,308|
|||||||639,852||582,491|
|Creditors:|amounts||falling due within||||||
|one year|||||16|(159,495)||(130,244)|
|Net current|assets||||||480,357|452,247|
|Total assets less current||||liabilities|||3,222,715|3,284,448|
|Creditors:|amounts||falling|due attar|||||
|more than|one|year||||||(256,908)|
||||||||3,222,715|3,027,540|
|Income funds|||||||||
|Restricted|funds||||||251,965|257,812|
|td&h||d|||||||
|Designated|funds||||19|2,970,750||2,769,728|
||||||||2,970,750|2,769,728|
||||||||3,222,715|3,027,540|
##
##
|||||Notes|2022
8||2021
f|8|
|---|---|---|---|---|---|---|---|---|
|Cash flows from operating||activities|||||||
|Cash generated
from operations||||||307,020||1,478|
|Investing|activities||||||||
|Purchase|oftangible
fixed assets||||(50,419)||(36,539)||
|Proceeds|from disposal oftangible||fixed||||||
|assets|||||||||
|Purchase|of investments||||||(100)||
|Proceeds from disposal
of||investments|||||IX||
|Investment|income
received||||75,699||73,411||
|Net cash generated
from||investing|||||||
|activities||||||31,113||37,139|
|Financing|activities||||||||
|Repayment|of borrowings||||(256,908)||||
|Repayment|of bank kxrns||||(23,719)||||
|Net cash used h financing||activities||||(280,627)|||
|Net increase h cash and cash equivalents||||||57,506||38,617|
|Cash and|cash equivalents|at beginning||ofyear||579,102|||
|Cash and|cash equivalents|at end|ofyear|||||579,102|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||Other ministry
income||
|---|---|---|
||Childcare
income||
||Coffee shop and conferencing|income|
||Analysis
by fund||
||Unrestricted
funds||
||Restricted
funds||
|4|Other income||
||Furlough
income|
|---|---|
|5|Investment
income|
||Rental
income|
||Interest receivable|
|Inmme from|Income finm|
|---|---|
|Other|Other|
|trading|trading|
|adtvibas|adivibes|
|2022|2021|
|6|f.|
|24,911|9,714|
|809,487|688,775|
|132,658|71,758|
|967,056|770,247|
|963,607|768,525|
|3,449|1,722|
|967,056|770,247|
|Teal|Unresbf dad|
|---|---|
||funds|
|2022|2021|
|f.|8|
||78,142|
|Unresbictad|Unresbidad|
|funds|funds|
|2022|2021|
||f.|
|74,366|73,384|
|1,333|57|
|75,699|73,441|
##
|6|Expenditure|on|raising funds|raising funds|||
|---|---|---|---|---|---|---|
||Fundraising|trading expenses|||||
||||||Unrestricted|Unrestricted|
||||||funds|funds|
||||||2022|2021|
||||||E|E|
||Fundmising|trading||expenses|||
||Charges against||rental
income||6,698|6,290|
||Trading costs||||90,611|66,058|
||Fundraising|trading||expenses|97,309|72,34S|
||Other trading|expenses|||||
||Trading
profits gift|||aided to the charity|41,800|17,923|
||||||139,109|90,271|
|7|Charitable
acbvRies expenditure||||||
|||||||Amounts|
|||||||Reclassified|
||||||2022
E|2021f|
||Childcare costs||||622,115|591,263|
||Ministry costs||||752,388||
||Mission
giving
(
Governance
costs|||See below)|155,915
6,133|136,739
8,052|
||Property
and|administnstion|||405,882|363,169|
|||||||1,754,619|
||||||1,942,433|1,754,619|
||Analysis
by|fund|||||
||Unrestricted|funds|||1,823,102|1,661,500|
||Restricted
funds||||119,331|93,119|
||||||1,942,433|1,754,619|
##
##
|Fees|payable
tn the|Charity's
auditor and associates:|2022
f|2021
f|
|---|---|---|---|---|
|Audit|ofthe Charity's|annual
accounts|5,100|5,100|
##
|Trust|ees
has been
paid
remuneration
or|has received other benefits
from their e|mployment
w|
|---|---|---|---|
|||2022f|2021f|
|Mark|Sherratt|59,151|53,140|
|Foja|Komolafe|49,350|43,120|
|John|Keel|36,996||
##
|Other ex|penditure|||
|---|---|---|---|
|||Unresbicted|Unrestricted|
|||funds|funds|
|||2022|2021|
||||E|
|Financing|costs|4,588|5,495|
##
##
##
##
|||||Flxhlresl|||
|---|---|---|---|---|---|---|
|||||iltungs end|||
|Cunent financial year|||Freehold
land
and buildings|offlce
ettulplnent|Motor
vehicles|Total|
||||F|6|F|s|
|Cost|||||||
|At 1January|2022||3,808,145|305,648|14,750|4,128,543|
|Additions|||21,913|28,506||50,419|
|Disposals|||(14,561)|(23,555)||(38,116)|
|At 3I December 2022|||3,815,497|310,599|14750|4140846|
|Depreciation|and impairment||||||
|At 1January|2022||1,042,777|238,989|12,783|1,294,549|
|Depmciation|charged|h the year|106,106|26,961|1,967|135,054|
|Eliminated
h|respect|ofdisposah|(8,728)|(23,555)||(32,283)|
|At 3l December 2022|||1,140,155|242,415|14,750|1,397,320|
|Carrying
amount|||||||
|At 3l December 2022|||2,675,342|68,184||2,743,526|
|At 3l December 2021|||2,765,368|64,787|1,967|2,833,994|
##
##
##
##
||||||||Fixtures,|||
|---|---|---|---|---|---|---|---|---|---|
||||||||fittings end|||
||Cunanf financial year|||||Freehold
land
end buildings|office
equipment|Meter
vehides|Total|
|||||||R|R|R|4|
||Cost|||||||||
||At 1January
2022|||||3,808,145|300,631|14,750|4,123,526|
||Additions|||||21,913|28,509||50,422|
||Disposals|||||(14,561)|(23,555)||(38,116)|
||At 3l December 2022|||||3,815,497|305,585|14,750|4,135,832|
||Depreciation
and impairment|||||||||
||At 1 January 2022|||||1,042,777|235,868|12,783|1,291,428|
||Depreciation
charged|h|the year|||106,106|26,356|1,967|134,429|
||Eliminated
n respect ofdisposals|||||(8,728)|(23,555)||(32,283)|
||At 3l December 2022|||||1,140,155|238,669|14,750|1,393,574|
||Carrying
amount|||||||||
||At 3l December 2022|||||2,675,342|66,916||2,742,258|
||At 3l December 2021|||||2,765,368|64,763|1,967|2,832,098|
||Financial
instruments|||||Group|Group|Charity|Charity|
|||||||2022f|2021
f|2022
f|2021
f|
||Carrying
amount offinandaf||||assets|||||
||Instruments
measured|at|fair|value through||||||
||profit or loss|||||636,608|579,102|590,031|540,308|
|15|Debtors|||||Group|Group|Charily|Charity|
||Amounts
falling due within|||one year:||2022f|2021f|2022
R|2021f|
||Trade debtors|||||25,789|8,179|3,417|1,417|
||Amounts
owed
by fellow group||||undertakings||||20,077|
||Other debtors|||||23,262|14,243|23,262|14,243|
||Prepayments
and accrued||income|||8,446|7,002|8,142|6,446|
|||||||57,497|29,424|34,821|42,183|
##
##
|16|Creditors:|amounts|amounts|faging|faging|due within|one year||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Group|Group|Charity|Charity|
||||||||2022
6|2021|2022
8|2mlf|
||Bank bans|||||||23,719||23,719|
||Ohsr taxstbn||and axial||securily||29,652|15,726|28,004|14,520|
||Trade aeditors||||||48,120|29,413|41,096||
||Amount
owed||to assodated|||uxtsrtaking|51,370|26,887|9,570|8,935|
||Cther cream||||||22,849||20,848|17,329|
||Accruats
and||deferred|income|||62,476|36,715|31,268|36,715|
||||||||214,467||130,786|130,244|
|17|Creditors:|amounts||falling||due alter|more than one year||||
||||||||Group|Group||Charity|
||||||||2022|2021||2ml|
||||||||8|8||8|
|||||||||||256,908|
##
##
||||Movement
h|funds|||Mavement|h funds||
|---|---|---|---|---|---|---|---|---|---|
||Balance m|Incoming|Resources|Transfers|Balance at|Incoming|Resources|TransFers|Balance at|
||11anuarV||expended||11anuarr|msolrrcss|expended||Bi December|
||2S21||||2D21||||2S22|
||5||||8|||||
|Allln|208,388||(19,029)|(50,027)|198,934|159,134|(104,407)|(19,516)|234,145|
||||(88,000)|||||||
||||(333)|||||||
||1,714|1,722|||3,436||||6,885|
||||P,757)|(112)|25,859||(14,924)||10,935|
||210,435|161,052|(93,119)|(50,139)|228,229|162,583|(119,331)|(19,516)|251,965|
##
##
|||Movement
in funds|Movement
in funds||||Movement|at funds||
|---|---|---|---|---|---|---|---|---|---|
||Balance at|Incorrlln9|Resources|Transfers|Balance at|Incumlng|Resuurcas|Transfers|Balance at|
||12anuary|resources|expended||12anuary|resources|expended||31 December|
||2021||||2021||||2022|
||g||||g||||g|
|General|Funds|||||||||
|AS funds|2,193,'l55|1,795,049|(1,757,266)|50,139|2,281,077|2,102,762|(1,966,799)|35,717|2A52,757|
|Fixed||||||||||
|SSSSIS|518,442||||515,442||||519,442|
||2,711,597|1,795,049|(1,757,266)|50,139|2,799,519|2,102,762|(1,966,799)|35,717|2,971,199|
##
##
|ll|Analysis ofnet assets|bebseen funds||||||
|---|---|---|---|---|---|---|---|
|||Unresbtcted|Restricted|Total|Unresbidad|Restricted|Total|
|||funds|funds||funds|funds||
|||2022|2022|2022|Zm|202t||
|||R|R|R|R|6||
||Fml bahnces
at 3I
December 2022 em
~ by.
Tangilhh
assels|2,743~||2,743,526|2,833,994||2,833894|
||Cwrent
assels/ghbllghs)|227,673|251,965|4794%|222,433|2282B|450,662|
||Long term
liabilibes||||(256@8)|-|(2568$)|
|||2$7L199|251,965|3g?3,164|2.799419|228229|3,027,748|
##
##
|The prindpal
contacts|and ad|dres|ses
of LightFmce
Int|ses
of LightFmce
Int|ernafional
ard
Into|the Community
are:||
|---|---|---|---|---|---|---|---|
|MrG Ridley|||hll' km Baird|||||
|LightForce
International|||Into the Community|||||
|Strudwick
Drive|||Strudwick|Drive||||
|Oldbrook|||Oldbrook|||||
|Milton Keynes|||Milton
Keynes|||||
|MK6 2TG|||MK62TG|||||
|www. lightforce. org.uk|||www. mkfood bank.org.uk|||||
|Cash generated
from|operations|||||2022
f||
|Surplus for the year||||||195,416||
|Adjustments
for.||||||||
|Investment
income recognised||h|statement|offinancial|acfivities|(75,699)|(73,441)|
|Depreciation
and
impairment||oftangible
fixed assets||||135,054|138,471|
|Movements
h working|capital:|||||||
|(Increase)/decrease
h|stocks||||||1,125|
|(Increase) n debtom||||||(28,073)|(3,340)|
|Increase h creditors||||||80,322|55,244|
|(Decrease) n deferred|Income||||||(60,144)|
|Cash generated
from|operations|||||307,020|1,448|
##
##
##
|2ft|Analysis ofchanges|at net funds||||
|---|---|---|---|---|---|
||||At 1Jaaaary|Cash flows|At sl Oecember|
||||2022||stl22|
||||8|f.|5|
||||579,102|||
||Loans falling due within|one year|(23,719)|23,719||
||Loans falling due after|more than one year|(256,908)|256,908||
||||298,475|||