ABOIJR OF LOVE W RLD 168 W(K)DSIDE GREE I,OTrIDON SE25 EW CHARTfY NUMBVR 1155909 FINANCIAL sfATLME THE YLAR bNDbDJILMARCII 2 22 AccnuprfANTS R US LIMITED 2 FLOO14 BEAUMOUNI. IIOUSE IB LAMVfON ROAD LONDON SW20 OLW UR VEW Mr Joseph Amey Gavor MIN TRUSTELS: Miss Joycrlyn Adjoa PramaD8 Miss Adzoa Kwokem SEC'RrfARY: Miss Joycelyn Adjoa PraM￿lS 1155909 BANKERS: BARCLAYS BANK P I CFIURCIIILL PLALE LONDON E14 5HP ACCOUNTANTS: ACCOUNTANTS R US LIMrrED 2 Floor. Beaumontllouse Ib Lambton Road London SW20 OLW coKrENT: 2. Accountant's Report 3. SthtL'mcnt of Finanrial A¢tiviti¢S 4. Llulartc Shect S. Notes lo the Accounts OFLO WORLDMINIsfRIES TRUSTEES REPORT The Tn￿lee5 have pl￿u[¢ in submittingtheir rcpon, Wld a¢¢OUDts for thr year ended 31° Mw¢h 2022. Th¢ financial siatements ]Jave bcen Prepared in a¢¢ordance the accow)Éing policies set out on page 5, and comply wi¢h the Stst¢meni of R¢wmmend¢d Practic4 and 4)plicabl¢ stlt ectlve he tharl ritttl al ctlvlttrs o Th¢ charity 15 ¢onsiitiited under A trust dced dated 3 Febrnary 2014. The objective5 of the charity ￿ set out in the Declaration of Trust ar¢.. la) Th¢ advancement of the ChristiaTr faith and {b)'fh¢ relielof pcrsons who aro in condition8 of hardship or distre55 or who arc aged or $i¢k. O Such charh8blc PUTP05CS lorth¢ public b¢nefJt w #re exclusively ch8Titthl¢ according kn thelgws of Engjand and Wales &8 the tru5t£cs may froln tim¢ to time detennlnt. t1￿ of 0￿r work hiove th WhLn pldnnin&our itGtiviiie5 ihr Ihc trustLKS con%7der￿ lh¢ C.hariti¢$ Commi5SlOtI's guidgnee on public bon¢fit, gnd in particular the ￿p￿lfie guidanc¢ on chaTitics forthe th¢ement of religion. We helptd ordinary people in the community to liv¢ out their faith through worship and prny¢r' leamlng about the Gospel. and developing theirknowledg¢ And tru￿ in Jesus Christ. Our annual Fun Day out frjr the youth in thc eommunity and Trin8nciaJ Sunvnit were very 5UCCtS5ful. Our Prophetic Power & Glory Night. The Fir¢'l'unnel. 11)¢ Complcte Wornan Conf¢rcnce and R¢$urrection Sunday Worship Night ￿Te also succrssful. We &lso orwiised food bank for ne￿lY And embartsl on aenernl Evango]ism to T¢￿h out ￿ our community. The inwnin8 rcwurccs for th•ypr&mounkd to 8 deficitof £32.127 all of whi¢h wgs attr1t￿table to genern] reserva8. oard of The memiws ofthr board oftrusttts dwlp8 the Y￿￿ w¢ro". Mr Joseph Am¢y Gavor Mi$$ Joycejyn Adjo8 Pramang Mi5$ Adzoa Kwokem This report ipproyed by the board of tn]stees and S1￿cd on its behalf by: MT Joseph Amey Gavo INDKPENDENF EXAMINER'S REPORT THE TRusfEES OF ROV WVBWOR I report on the FiDarKid Ststen*tts of tho Charity for th¢ year &ed 31. March 2022 which are s¢t out below. RVSPOPISIBILI'ri sor RUST ES AIYD EXAMINF The charity's trLlStees are responsible for th¢ preparation of the accounts. Tb¢ charity's tru5tr¢s considerthAt an audit 1$ not required forthis year under secti(M 144 (2) of the Ch8rttics A¢t 2011 (I'he 2011 Act) Bnd that indep¢ndent exarninatioD is needed. It 15 my Tt5ponsibility to.. examine the a¢tounts under se¢tion 145 of the 2011 ACL • follow the pr£wlures laid dowi in th¢ gen￿al DI￿tiOnS given by the Charity Commi&8ion [ underse¢tion 14515) (b)l of the 2011 Aci and state whtth¢r matters have come tt> my attention. Ir4DE r4D MIN AT EN My ¢xÈmina¢ioM was ¢&rried out in Ac¢ordaTwe with ihe general Dire£tion8 wven by th¢ ChHrily Commission. An ¢x8mination in¢ludes a review of the a¢eounting records kept by th¢ Tn￿t and a comparison ofthe a¢￿￿￿ts pr¢sentcd with iho$¢ records. It al.%0 includes consid¢ratitsrt of any unu$ual items or di￿10S11reS ili the acwunts, wid secking cxplanmtions from the concerning any such m&tt¢rs. Tr procedLves LThlertaken do not provid¢ all the •videnc¢ that would be requlred In an audit and consequrntly, no opinion is given 8$ to wh¢th¢r the accounts pr¢s¢n¢ &'tru¢ Ind f&ir' View aDd the ort i& limit¢d to ttrtt)s¢ rnatters set out Én the slat¢ment below. T EXAMINER'S ID conn¢tlion with my e%amiTration, no matter has come to my att¢ntiott'.- l) which 8ivw me rewnablc ethu8e to believc that ￿Y mattTi#I res￿£( the re4uirem¢nts: to ke¢p accoullting Tccords in aecordane¥ with ¥¢¢tion I30 ol'th¢ 2011 Art: * to prepare ac¢ouDts which accord with th¢ a¢wynling T￿r￿S w)d cornply ￿QU￿tIng requirements tsf thc 2011 Act have be￿1 met. or 2) to wthicl4 in my opinion. att¢ntion Should be drn￿ in order to ¢twble o propef understAnding of th¢ aceounts to b¢ rmched. ACCOUNfANfs R US LIMVTED 2. Tr'loor. Hou*e Ib Llmbton Ro*d Lottdon SW211 OLW LABO VEW RLD MI 1ST Notss 2￿21 2021 VIXED ASSETS Equiptnent 3 9,294 14,225 Debts)rs Top&stor Car Cash in hand & Bank 6 1,250 1.250 10.406 6.320 LESS CRF,DITORS.. Awounts fallikn* within ye*T 7 (800) (475) {81X)) TOTAL A￿RTs LKSS CURRELYfs LIABILITIL8 5,520 'RFDI'foRS. Amounts falling due more than one year {50.0￿) (50,¢J)o) NKT A&SETS MF,MBb.IL8 ACCUMULATED FUNDS unrL>tTlGt￿ Fund8 31 75 31.$75 Approved by the Boord of'l rLLSt&5 8nd on its b¢half by Trustce Dated LAB UR OF LOVE WORLD MINISTRIES STATEMENT OF FINANCIAL ACTIVITIFS FOR THE YEAR Ef4DKD 31ST MARCH 2022 Uttre8trlcted 22 IMeow¢ and elldowm¢nt$ frnn: Tithes & Offerings IR Gift Aid 33.477 l9.233 4.071 Totsl 33.477 Ex￿ndIt￿re oTr: Chwitsble Activiiies 34.797 59,431 Tot*1 Net mov¢ment In R¢¢ontlllAtioTh of fund Total ¢arrle41 ftsrw4rd {1.320) (36.127) -fj,872 31 There were no r¢cwised gaiTrs orlosses for th¢ rrtTiod otherthan The notes on p88e5 5 to 7 frym part of these wiurts. LABOUR OF LOVE WORLD M￿lsTRIEs (YrES TO THE FINANCIAL TATEME ST FOR THF. YF,AR F.NDED 31 MARCH 2022 NOTE I. BASR 1.1 Basis of accounting Th¢s¢ accounts have been prepared under the historical cost convention with items recognised at Cost or trnnsaclion valu¢ unl¢s5 otherwise stated in the relevartl note(s) lo these accounts.. The accounts have been prep8scd in aecordanee with: the Stat¢Tnent of Re¢oTnmended Practice: Accounting and Reporting by Charities preparin8 their accounts in accordance with the Financial Reporting Swidard applicable in ihc UK gnd Republic of Ireland (FRS 102) issued on 16 July 2014. and with thc Charitics Act 2011. 1.2 Going ¢on¢ern The charity will continue &8 a going concern 8$ there ar¢ no material uncertainti￿ that ¢&sl significanl doubt on ihe charity's ability lo continue a going concem. 1.3 Change5 to accounting estimates No changes to accounting estimates have Ix¢urred in the reporting period (FRS 102 SORP). 1.4 Material prior year error No matcrial prior ye8r error have been identified in th¢ trportin8 period (FRS 102 SORP). NOTE, 2. ACCOUNTING POLICIES 2.1 INCOME Recognition of income These are included in the Statement of Financial Activities (SOFA) when: Ihe charily becom¢5 entitl¢d to the r¢sour¢es' and il is more likely than not the trusiees will receive the resOU￿e$. Income from Tithes and OffKin8 are included in charitable activities when they are receivable. Offsetting There htts b¢en no offselling ofassets and liabiliti#¥ or inioine and expenses. unless requittd or peThJitted by the FRS 102 SOIiP or FRS 102. Grnnts and donations fvts and donalions are only included in thc SOFA when th¢ general income rxognition criteria are met (5.10 to 6.12 FRS 102 SORP). Tax reclAims on donations and gifts Gift aid trceivable is included in income when there is valid d￿la￿lOn from the donor. Any Gift Aid amount recovered on a donation is Considered to be part of gift and 15 treated as an additiom to the same fund &9 the inilial donation unless the donor or thE t¢Tm5 of thc appeal hav specified otherwise. LABOUR OF Inv TES TO THE FINAN IALS FOR7￿ YEAR ENDED 31- MARCH 2022 22 EXPFNDfTuRE AND LIABILJTIFS Li4bility YwitioD Li8bilitic5 ar¢ r￿>￿iSed Mthcrc 1¢ 15 more likely than not that there is a le8th1 or eot)Sti￿tIve obligation corymitting the charÉty to w out resourcés and th¢ amo￿l of the obligation can be Gov¢rnAnce #nd >￿ppOrt cost SuprM)rtC05Ls h&ve been allo￿trd between RovernaThce cost al￿ other wpporL CJov¢rnance costs eompri5¢ all costs involvin8 public accounthhility of tho ¢hwrity and its compliancc with r¢8ulation and s￿d pr8cilce. Crediton The ¢harity has ¢rediiors which are at 8ettlcment amounts 1<8s any trad¢ diiwunts. la ASSETS Tanglbk fixed awts for use by ch*rity These arc capi¢alised if they be used for more than one year. and wst at £lOO.00 Thcy are valued 8t cost. The d¢￿E￿lOn rat¢s atxl rnethi￿ used aT¢ disclosed in no* 3. Del)ts•r8 Debtors (l￿]udIng trade and loftns receivable) measured oij initial reco￿1￿0￿ ot ￿ttleme arnount &ft¢r any ir#de disLoutts or a￿oUn1 advdnc¢d by thr Lharily. sUbs4￿￿tIY. they are mpDsurod at the cash or other ￿nSId￿10n expected to b¢ received. NOTK 3. TANCTrLBLE FIXED ASSF.STS 3.1 Co Pl#nt. m•chlnery & FixtMTe4, llttlngs 8Dd Cost g4t 1° April 2021 Addl￿On$ during th¢ ye4r At 31 Mwrh 2022 2,000 22,655 24,655 2,000 24655 3.2 Depr¢ve Gifts TTavelling F,xpenses Priniin& Posthge and Stafion Hotjorariutn Volwii¢ws Expenses Deprtciatio Accountancy fee Professional fee Advertising Publicity Clwitabl¢ Donalions M4)tor Expenses H¢alth & Saf¢ty Feedin8 the needy in Gha Chujrh mtttin8 1910 597 330 750 4,083 616 1.840 800 4.205 1.300 5,300 450 5.090 4,931 700 4,931 S.655 450 276 1.084 27.200 175 274 981 iO,IM)O 000 59.431 H TRUSTE ND RELATED PARI'IES 5.1 Trustee remyneYAtions and benefits None ol'the trth8tees h8ve been paid sny Temuneration orrx¢iv¢d any oth¢r b¢n¢fits from an employment wtth the charhty or & related entity. 52 Trusteej, expeB No tW5tce cxpcrngL% hAvc bccn incurrcd. ]YOTE O. DEBTORS AND PREPAYMENrs &1 Analys1$ of d¢bto 2022 2021 R¢nt Dqx)sit 1,250 1.250 ABOUR OF inVE W RLD Mif41 OTES T E FINANCIA STATEME FOR THE YEAR ENDkD 31" IWCH 2022 OTE 7. CREDIT UA 7.1 Analysts of er¢ditorJ Am¢)unts falling within Meyar 550 IN The tnovrmrth in fuTbJs for tk year is ststed •ts Ch￿11￿.. DS FOR THF. V 202A Depretiation of tsn8ibl¢ fi¥cd for uge cjwrity A¢¢oun¢ancy Fe 4.931 4.931 800 xtyr & Trittix Asgtis I U*bilities 21122 2021 UnTutri¢t¢d Fwth. 31