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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 06666862 (England and Wales) REGISTERED CHARITY NUMBER: 1127877

Trustees' Report and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Light of the World Community Centre Limited

Light of the World Community Centre Limited

Contents of the Financial Statements for the Year Ended 31 March 2023

Page
Reference and Administrative Details 1
Trustees' Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 12
Detailed Statement of Financial Activities 13

Light of the World Community Centre Limited

Reference and Administrative Details for the Year Ended 31 March 2023

TRUSTEES Rev S C Sangster Pastor E A Smith Teacher K A Trought Plater Welder REGISTERED OFFICE Gaythorne Road West Bowling Bradford West Yorkshire BD5 7ES REGISTERED COMPANY 06666862 (England and Wales) NUMBER REGISTERED CHARITY 1127877 NUMBER INDEPENDENT EXAMINER KJA Kilner Johnson Ltd Network House Stubs Beck Lane Cleckheaton BD19 4TT

CHIEF EXECUTIVE OFFICER Rev S C Sangster

1

Light of the World Community Centre Limited

Trustees' Report for the Year Ended 31 March 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The Charity's objectives are:-

To advance education and promote community cohesion and development for the benefit of the public within the area of West Bowling, in the city of Bradford and elsewhere.

To promote the education of people of all ages, including the provision of nursery care of infants to facilitate the education and alleviation of the social and economic deprivation of their parents.

To promote general charitable purposes for the benefit of people resident in Bradford and more widely, and in particular to provide opportunities for those who live in the area to participate fully in the life of their community in ways that promote community cohesion and address and alleviate social and economic disadvantage.

ACHIEVEMENT AND PERFORMANCE

The community centre continues with its work in supporting and enhancing the lives of people and families in this culturally adverse area of West Bowling/Little Horton through the services that it provides.

The community centre continues to be an anchor in the lives and the development of the local district wide communities through its well thought out and current services which are:

-Youth Club.

-Homework Club.

-ESOL, (including CV writing and Job search).

-Short Break - for children with disabilities and special needs. This project is run every school holiday for children aged 5-13 years and provides 1 day free childcare for the children who attends.

-Feed the Hungry. This project is in demand as the current economic climate worsens. It provides hot meals and a food parcel for over 100 hungry and homeless people every week, and is run by a team of dedicated volunteers.

-The main hall that can accommodate over 100 people is hired out to assist in raising much needed funds for the charity. -The charity continues to work in partnership with other group and organisations to maxmise the reach of support for the communities.

FINANCIAL REVIEW

The Charity made a deficit on its unrestricted funds of £40,870 (2022: £34,563) for the year.

The unrestricted reserves currently stand at a surplus of £69,356.

In accordance with the Memorandum and Articles of Association the charity has the power to make any investment which the trustees see fit. The trustees currently invest the funds of the charity with Barclays Bank, utilising both current and deposit accounts.

2

Light of the World Community Centre Limited

Trustees' Report for the Year Ended 31 March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity is a company limited by guarantee and is controlled by its Memorandum and Articles of Association.

The Trustees, who are also the directors for the purpose of company law, and who served during the year were:

E A Smith Rev S C Sangster K A Trought

All trustees are appointed on a voluntary basis and do not receive any remuneration for their time. All expenses reimbursed to trustees are disclosed in the accounts.

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The charity is controlled on a day to day basis by Reverend S C Sangster and is supervised by Anne Nelson as project manager, with all decision making being undertaken by the board of trustees.

The charity operates from the ground floor of a building owned by Light of the World Gospel Hall Community Church, registered charity number 701987.

An agreement is in place for the Community Centre to make an annual payment of £30,000 to the church to cover costs of rent, heat, light and other administrative costs incurred.

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................

Rev S C Sangster - Trustee

3

Independent Examiner's Report to the Trustees of Light of the World Community Centre Limited

Independent examiner's report to the trustees of Light of the World Community Centre Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

N Effendi

KJA Kilner Johnson Ltd Network House Stubs Beck Lane Cleckheaton BD19 4TT

Date: .............................................

4

Light of the World Community Centre Limited

Statement of Financial Activities for the Year Ended 31 March 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
17,256
Charitable activities
4
Charitable Activity
219,762
Investment income
3
197
Total
237,215
EXPENDITURE ON
Charitable activities
Charitable Activity
278,085
NET INCOME/(EXPENDITURE)
(40,870)
RECONCILIATION OF FUNDS
Total funds brought forward
110,226
TOTAL FUNDS CARRIED FORWARD
69,356		 Restricted
funds
£
-
-
-
-
-
-
29,759
29,759		 2023
Total
funds
£
17,256
219,762
197
237,215
278,085
(40,870)
139,985
99,115		 2022
Total
funds
£
26,924
226,700
6
253,630
288,193
(34,563)
174,548
139,985

The notes form part of these financial statements

5

Light of the World Community Centre Limited

Balance Sheet 31 March 2023

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
14,499
CURRENT ASSETS
Debtors
9
408
Cash at bank and in hand
274,378
274,786
CREDITORS
Amounts falling due within one year
10
(12,740)
NET CURRENT ASSETS
262,046
TOTAL ASSETS LESS CURRENT
LIABILITIES
276,545
CREDITORS
Amounts falling due after more than one year
11
(207,189)
NET ASSETS
69,356
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
29,759
29,759
-
29,759
29,759
-
29,759		 2023
Total
funds
£
14,499
408
304,137
304,545
(12,740)
291,805
306,304
(207,189)
99,115
69,356
29,759
99,115		 2022
Total
funds
£
16,413
347
337,217
337,564
(11,489)
326,075
342,488
(202,503)
139,985
110,226
29,759
139,985

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

6

Light of the World Community Centre Limited

Balance Sheet - continued 31 March 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Rev S C Sangster - Trustee

The notes form part of these financial statements

7

Light of the World Community Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% reducing balance Motor vehicles - 25% reducing balance Computer equipment - straight line over 3 years

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

8

Light of the World Community Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

2.
DONATIONS AND LEGACIES
2023
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
Donations
17,256
-
17,256
3.
INVESTMENT INCOME
2023
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
Deposit account interest
197
-
197
4.
INCOME FROM CHARITABLE ACTIVITIES
2023
Charitable
Activity
£
Primary purpose trading
176,878
Rental income
5,010
Grants
37,874
219,762
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2023
£
Depreciation - owned assets
3,543		 2022
Total
funds
£
26,924
2022
Total
funds
£
6
2022
Total
activities
£
164,708
2,220
59,772
226,700
2022
£
4,662

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

continued...

9

Light of the World Community Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

7. STAFF COSTS

Wages and salaries
Other pension costs		 2023
£
171,900
6,571
178,471		 2022
£
177,685
11,028
188,713

The average monthly number of employees during the year was as follows:

Administration
Nursery
Care Club
Other		 2023
1
8
4
1
14		 2022
2
6
3
1
12

No employees received emoluments in excess of £60,000.

8. TANGIBLE FIXED ASSETS

Fixtures
and
fittings
£
COST
At 1 April 2022
48,026
Additions
1,629
At 31 March 2023
49,655
DEPRECIATION
At 1 April 2022
31,719
Charge for year
3,516
At 31 March 2023
35,235
NET BOOK VALUE
At 31 March 2023
14,420
At 31 March 2022
16,307		 Motor
Computer
vehicles
equipment
Totals
£
£
£
33,777
19,649
101,452
-
-
1,629
33,777
19,649
103,081
33,671
19,649
85,039
27
-
3,543
33,698
19,649
88,582
79
-
14,499
106
-
16,413

continued...

10

Light of the World Community Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Prepayments 408 347
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes 2023
£
4,769		 2022
£
2,870
Other creditors 5,136 5,919
Accruals and deferred income 2,835 2,700
12,740 11,489
11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Amounts owed to group undertakings 2023
£
207,189		 2022
£
202,503
12. MOVEMENT IN FUNDS
Unrestricted funds At 1.4.22
£		 Net
movement
in funds
£		 At
31.3.23
£
General fund 110,226 (40,870) 69,356
Restricted funds
Bradford Council - Wellbeing 10,453 - 10,453
Bramall Foundation - Short break 3,000 - 3,000
National Lottery - ESOL 9,170 - 9,170
Skipton Building Society - Short break 2,136 - 2,136
Persimmon Homes - Care club 5,000 - 5,000
29,759 - 29,759
TOTAL FUNDS 139,985 (40,870) 99,115
Net movement in funds, included in the above are as follows:
Unrestricted funds Incoming
resources
£		 Resources
expended
£		 Movement
in funds
£
General fund 237,215 (278,085) (40,870)
TOTAL FUNDS 237,215 (278,085) (40,870)

continued...

11

Light of the World Community Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.21
£
Unrestricted funds
General fund
144,789
Restricted funds
Bradford Council - Wellbeing
10,453
Bramall Foundation - Short break
3,000
National Lottery - ESOL
9,170
Skipton Building Society - Short break
2,136
Persimmon Homes - Care club
5,000
29,759
TOTAL FUNDS
174,548
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
253,630
TOTAL FUNDS
253,630		 Net
movement
At
in funds
31.3.22
£
£
(34,563)
110,226
-
10,453
-
3,000
-
9,170
-
2,136
-
5,000
-
29,759
(34,563)
139,985
Resources
Movement
expended
in funds
£
£
(288,193)
(34,563)
(288,193)
(34,563)

13. RELATED PARTY DISCLOSURES

The company was charged £30,000 (2022: £30,000) from Light Of The World Gospel Hall Community Church for use of it's premises.

The company received a grant of £20,000 (2022: £20,000) from Light Of The World Gospel Hall Community Church.

At the balance sheet date the amount due to Light Of The World Gospel Hall Community Church was £207,189 (2022: £202,503).

12

Light of the World Community Centre Limited

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Deposit account interest
Charitable activities
Primary purpose trading
Rental income
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Nursery and other expenses
Rent
Computer expenses
Cleaning
Accountancy
Depreciation of tangible fixed assets
Support costs
Management
Repairs and maintenance
Finance
Bank charges
Governance costs
Accountancy and legal fees
Total resources expended
Net expenditure		 2023
£
17,256
197
176,878
5,010
37,874
219,762
237,215
171,900
6,571
874
3,201
14,992
3,950
764
2,845
1,716
30,474
30,000
1,591
654
1,337
3,543
274,412
1,661
1,437
575
278,085
(40,870)		 2022
£
26,924
6
164,708
2,220
59,772
226,700
253,630
177,685
11,028
936
1,500
8,720
1,687
439
208
199
30,981
30,000
1,011
804
1,351
4,662
271,211
13,176
1,219
2,587
288,193
(34,563)

This page does not form part of the statutory financial statements

13