Firefox about..blank Llvlng Word Mlnlstrfes Europe (JOY OF THE NATIONS CHRISTIAN CEKfREI (Registered Charity No. 11197191 Tru5tees' Report For the year ended 31.12.2021 The trustees are pleased to present their report lor the year ende¢J 31st December 2022 for ihe charlty. UvSnB Word Ministrie5 Europe Iloy of the Nation5 Christian ¢entrel with Charity Number 1119719. Alms and ObJ•rtlvos The Objects of the or8ani5ation are to advancethe Christiarb Reliwon lin accordan￿ with the statement of faithl throu8hovt the world as the trustees may see fit from time to time and to relieve persons who are in conditions of need or hardship or aged or sick. The trustee5 confirm that thry have had due re8ard to theBuidance issued by the Charity Commission on public benefSt befo￿ decldSn8 whar actfv51ies rhe charity should underta*e. hl•¥•m•ht 4nd P•rfomi•n¢• The OrEanlsatSon held successful servlces through the year In whlch indlviduals were equipped and educated on the principles and dorlrines of the Christian faith. The church continue5 to hold several conlerences to a551St the developrnent of the people in the community. The church also madedonatlon5and outreache5 5UPPOrtin8the poor, needy and less privile8ed within and outside thecommunity. The rharity had total incvme 01 £34.134. At 31 DKember 2022, Desi8n4ted funds relatin8to the Bylldln8 fvnd stood at £69,582. The charlf¥ Is In a #ood financlal [￿￿tIon to develop itself In the community. The church eontlnues to support Christian Mission work ifi othef tountries. We are alsowo¢kin8towards seturinl funding lor a buildlng to enable the effective lunctionin8 olthe church and her artiviiies. We have set aside 3 desi8naied fund for th55 purpose. The church has no O￿$13n¢y1n81O¢1$-terM debts. The trustees co¢)tinue to monitor the financial situation of the R•wwv• Pollty It is the polity ef the Charity to maintain ￿hr￿trICt￿d lunds, whith artthe rt5erves of the tharity at about 3 rnonth5 of unres¢ricted expendlture. This provides sufficient lunds to cover any emer8enc¥expendi¢ures that may arise from tlme to time. The thèrity will seek to maintain this level Ihrou8houl theyear. Rljk M•n•yment The church ha5 3s5e55ed all tht m•iN risk5 to whith it is exwstd to, thost rélattd to operation5 and fiThancÈs of the tharity and is satlsfled that sysrerns are In place io rniiigaie exposure to major rlsks. Structure, Gov•wn•nce •nd M•n•uement The Charity governing document Is a declaration oftrust that was adopted on 151h September 2C(1S. The Charity Is overned by a board vn which the trustee5 are represented. It meet5 wularlyto revie¥Y, plan acti¥itie5 and rnonitor the Ind•p•nd•rtt EA•mlh•r: EA5 Limiied have been retaned to act Independent Examlners fortheyearended 31 December 2022. Aeference and Administratwe Information Trustees The Trustee5 of the charity are Drchinedu Udonsi-chair Mr Samuel Obafemi Mrs Edna Ahuama Mr Emmanuel Okorie Pa8e I lof8 1711112023 13..08 Firefox about..blank Llvlng Word Mlnlstrfes Europe (JOY OF THE NATIONS CHRISTIAN CEKfREI (Registered Charity No. 11197191 Tru5tees' Report For the year ended 31.12.202Z Re815tered offKe 37 Windmill Lane 5trarford Londe EISIPG Banker5 84rclay5 84nk PLC, I Churthill Wlre. London. E14 5HP Accountants EAS Lld, 74 Whitm¢)rt Orive, Cokhester Essex TRUSTEE RESPONSIBIifflES Under the Charities Act 2011. the Iru5tees are required to prepare a 5taternent of accounrs for each accounrin8 year which lives a true and lairview of rhe siaie of the thurth. They are required lo.. l. Select suitable occountin8 policies and apply Ihem consi5tentty. 2. Make ludgemenis and estimates that are reasonable and prudent. 3. State whether the applicable arcounting standards have been followed. 4. Prepare flnanclal statemenis on an on-8oin8 basis. They are responsible for keepin8 proper ttcords which dI￿10$e with reasonable uracy ¢he finance5 of the church at 3nyiime and ¢0 ensure that such accoun15 comply with the Charities Att 2011.They also have a responsibility io safeiuard the a$5et5 01 the ¢hur¢h anl to t•kt rt•sonabl¢ st¢P5 t•ltte¢t Ir•ud orothtr Approved by the Trustees and 51gnerf on thelr behalf by.. Dr Chinedu Udonsl ICh•irl........... PaRe2 of8 1711112023 13..08 Firefox about..blank Lfvfjni Word MiDisl¥fjesEuro JOY OF THE NATIONS CHRISTIAN CENTREI Registered Charity No 11197191 Ex4miner'i Report Fortheytar ended 31.12.ZOZZ I reporton theattached FlnaKlalStatementsfu theyended 31 Decefflber1022.¥JhicharesetCffjPa8e54to 8and have been yepared ￿ an Kcrual R￿p￿bIlbw￿ TheCh4niy'5 twstee5 are re5v￿51t1P lortheFryara1w￿thE fir*wJ•l 5tsternents inaccrythncewilhthE reqvlrefflents of the Ch•rftlesAci 2011. TheChanty'5 rrusiee5 con5iderth41ana￿4It￿ nDt requirEdfwthisyunder5ffbM 144 offtheArtandthat in Independentexamlnaiion h needed. l- E¥arniDe the accoun15 undersection 145 of thECh•riifjesArt.' 2- ttsfdbw the rt4yirÈmertts ol tht CharityCtynmis￿w ￿n￿r$e¢l￿ 1451511bl ollhe Art,. • 3- rostatewheiher particular rnaners have come tomyattention. 5￿1#￿ Ind•p•nd•nt E￿MIN•t.• St8t•m•rt y eAamin411on w45 cariied oul In 4((orO•nt¢ *4th i•)ernl thwiiohsolvth by thtCh•rlty c(knA￿SSIoN. An *•rnltVlknn Includes a revkwof the accountlw le(￿dS kept by the chartty afyJa IRe&i5tEtEttChanTy Pkn.11197191 ForthEFarendEd31.1>2O IMtOMI IniornerewuTc¢sfr 5W7 341Y TOTNI WCIIME xiy 47WI EXPEN￿￿ 17 TQTALfXPIMDrrii Ji517 5UNPLU5IIDEFxm Totil F￿dIbr￿￿t FO￿￿[d Totil F￿d%￿lrI￿dFrr*ifd 61.716 .554 707 of8 1711112023 13..08 Firefox about..blank LIVI￿ Word Mlnlstwfjes Eur+Jpe IJOY OF THE NATIONS CHRISTIAN CENTREI IReg15tered Charity No. 11197191 Statemèntof Flhanclal Posthn as at al Decemb•r 2022 N•i•s 2022 2021 Fixed Assets Current A%s•ts Cash ar 8ank 89.904 .097 90.097 Cr•thrtor• .Am•urfs f41tlr¥d¥• wlthln ofi• yw Cceditors & Accfuals M•1 Cuty•nt AM•ts 13501 89.554 13301 89.767 Not Au•t• 89.554 09.767 Accumul4t•d Fund• 89.767 71.483 11.284 09.767 Total Su¢plusllDelidtl 89,554 Forthe year ended 31 December 2021 the chuf(h was enItt￿ to eAemptkn from autllt vnder sectlon 477 of the Companies Act relatin8 io Smallcompan￿s APPROVED by the ChurGh M••tirf held on by Dr Chinedu Udonsi and signed on its behair Pays 5of8 1711112023 13..08 Firefox about..blank Lfvln8 Word Mlnlsivles Ewope (JOY OF THE NATIONS CHRISTIAN CENTrEI (Registered Charity No. 11197191 Notes for the year eTrJed 31.IZ.202Z l. Aetountlng Polltl•s l The financial statement5 have been prepared in accordance wtth CharityCommi55ion's Statement of recornrnended practice applicable to charitie5 preparinB their accounts in ccordance with the Financial ReportirbB Standard applicable in the UK and Republic of Ireland IFR51021 and the cornpanie5 Act 2(K)6 The Charitable Cornpany meet5 thedefinitiun of a public benefft entity under FRS 102. The Finaficial statement5 have been prepared under the hI￿or1¢41 cosi or transartion value ufiless othwwse stsied in the relevant a¢¢{￿ntIng poliry or fiote bllncomlnK R•sowc•s All incomin8 resources are included in the Statement ol Finanual Activities when the CTharity in entitled to the income and the arnount can be quaThtified wth reasonable accurary. tl R•￿￿re•S Exp•hd•d Re50urce5 expended are rewnised in the state￿￿Trt of Financial Actiyitieswhen the liability is incurred. CharIta￿e expenditure cornpri5es those costs incurred by the Charity carrwn8 Out its activitie5. Governance costs Include those costs assoc*ied with Meeting the constitutional and statutory requlrements of the Charity dl T*nObh Flx•d A*a•ts Depreciation is calculated tothe e¥tent such that the c05t of the asset is swead the usefvl life of the sset and is char8ed at 25% per annum OTh c05t . Volunllry Inrom• 2022 Tot•1 2021 Tot41 Funds Funth Church collectSons, nihes & Offerln8 Gift Aid Other Oonation Buildin8 Fund 21.285 4.022 3.791 21,28S 4,022 29,238 6,816 2,243 9,5Tr1 47,801 2.578 2,459 5A137 2.459 34,134 Pa8e 6 6of8 1711112023 13..08 Firefox about..blank LI￿ng W(*d Mlnlstrl•s Europe (JOY OF THE NATIONS CHRISTIAN CENTREI (Registered Charity No. 11197191 Not•5 for thg y•ar •nd•d 31.12.2022 3. Dlrect Chrltsble Expendltur• Unr•strfct•d 0•$l￿al•d Funds Funds 2022 2021 Totsl Total Stsff Costs Conference Costslchurch Events Rent/Hall hire Hotel Expenses lor annual convention Telephonel Internet / Fax Donation Administration 8enevolent 8lVI Travel expenses Depreciation expensts Advertising Support & G¢)vefnance Costs INotes 41 Equipment Trainin8 Rhema Compasslon Sundy expensès Total 17.233 17,233 18.386 600 2,860 3.320 3,320 1.043 125 1,043 125 4,984 1,201 66 2,584 S33 533 1,799 350 350 330 402 6,075 6,075 7,635 306 379 34.347 379 34,041 210 36,517 4. Support & Gov•minc• rnst 2022 Totsl 2021 Tot*1 Ftsnth Funds Accountancy fee Le8al Fees 350 3SO 330 350 330 Page 7 7of8 1711112023 13..08 Firefox about..blank LI￿ng W(*d Mlnlstrl•s Europe (JOY OF THE NATIONS CHRISTIAN CENTREI (Registered Charity No. 11197191 Not•5 for thg y•ar •nd•d 31.12.2022 5. Cr•dltors- Amount lallin8 Within ofie yeat 2022 2021 Accouniancy Fees Loan to Pastor Addifional Loan Total 350 330 350 330 6. T•n£lbl• Flx•d Ass•ts Inslrurn•nts E9ulpm•nt Cost at at 01.01.2022 additions a5 at 31.12.2022 1.629 1.629 Depretlalion at 01.01.2022 Char8e for the year 1.629 1.629 Net Book valut at 31.12.20 Nei Book value at 31.12.22 2012 2021 7. Accumulated Fundi Desi8nated Funds General Funds 67,716 21.837 89.554 60,904 17,579 78.483 Page8 8of8 1711112023 13..08