Christian Light Centre
(Registered charity number 1159613)
Financial statements
For the year ended 31 January 2023
| Page | Contents |
|---|---|
| 2 | Trustees’ annual report |
| 3 | Receipts & payments account |
| 4 | Statement of assets & liabilities |
| 5 | Notes to the account |
Trustees’ annual report for the year-end date of 31/01/2022.
Full name: Christian Light Centre
Registered charity number : 1159613
Main address 111A Eden Grove, Horfield Bristol BS7 0PW Committee members Bishop Fortune Ludovic Malalou Mrs Stephanie Malalou Mrs Yolande Mabika Mr Jean-Claude Lobela Mr. Ange-Hamed Ouabi
Bankers
Barclays Bank The Galleries, 55 Broadmead, Bristol, City of Bristol BS1 3EA
Governance and management
Bishop Ludovic Fortune Malalou is currently, the senior minister and head of the organisation. He is assisted by a large team of men and women who loves God and serves in different ministries within the church.
Aims and objectives
Christian Light Centre, in short " CLC ", is a Bristol based, not for-profit organisation, founded in January 2013. People from all walks of life have come together to spread the true Gospel of Jesus Christ, in and from Bristol, across the UK and with the aim to reach the extremities of the earth. Through the true Gospel of Our Lord JESUS CHRIST, they will know and believe how much they are loved by GOD and He is waiting for people to come home.
Summary of the main achievements during the period
CLC main vision is to bring the Gospel of our Lord JESUS CHRIST to all from Bristol to the extremities of the earth. We are studying, educating and counselling adults, youths and families through bible studies, Prayers and Meetings. People’s lives have been transformed completely, families have been strengthened through the preaching of the Gospel of CHRIST. Also, we give after-class lessons to our children in subjects such as: mathematics, science, information technology, history and geography and current issues affecting people’s lives (i.e. Brexit, covid-19 with its social and financial implications). Since the beginning of the year 2016 our main priority has been and is to find a building with no access restriction (24/7) during the week for our many activities.
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Date 31/10/23
Signed on behalf of the charity’s trustees:
Signed Rev. F.L Malalou _Name , Chair
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CLC’ Receipts & payments account for the year ended Date
| Receipts Grants Tithes Offerings Bank interest Other receipts Total receipts Payments Wages Members travel expenses Funeral Cost Rent Utilities Equipment Financial Help for Members Insurance Hospitality Other payments Total Payments Net receipts/ (payments) |
£ 0 3,993.34 7,984.50 0.00 3,390.00 15,367.84 0.00 123.34 0.00 4800.00 0.00 0.00 0.00 0.00 0.00 126.77 5,050.11 £10,317.73 |
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Bank and cash at the start of the period £ 8,602.89 Bank and cash at the end of the period £18,920.62
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CLC
Statement of assets and liabilities
At Date
£ Cash assets Current account (Bank Account) 18,920.62 Cash 0.00 Total cash assets 18,920.62
Other assets
1 computer, purchased in 2016 for £300 Roland speaker bought for 2013 £150 Mixer bought in 2015 for £300 Snake cable bought in 2015 for £200 Keyboard bought in 2015 for £300
Liabilities
Our main liability remains our rent: £400.00
These financial statements are accepted on behalf of the charity by:
Signed A. Ouabi Dated 24/01/2023 Name , Treasurer
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CLC
Notes to the accounts for the year ended Date
1. Receipts & payments accounts
Receipts and payments accounts are statements that summarise the movement of cash into and out of the organisation during the financial year. In this context “cash” includes cash equivalents, for example, bank accounts where cash can be quickly withdrawn to pay for debts as they become due.
2. Grants & Donations
We do not receive grants from any government department neither from Bristol City Council. Our main source of income comes from our members’ tithes and offerings.
3. Committee members’ remuneration
None of our committee members (including the Senior Pastor ) receive wages a salary.
4. Related party transactions
Some of the voluntary expenses are really difficult to record in the present financial statement due the fact that the member does not want to be reimbursed for the money spent. The nature of our organisation is to spread the Gospel of our Lord JESUS CHRIST as well as financial help for member if/where possible or needed. Sometimes that may come from any church’s member who does not want to be identified.
We feel the need to emphasise that, our main priority is to have our own or at least lease a building for our activities that why we are saving. Right now where we are, there are so many restrictions which are hindering us.
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