GREATER UGHT CHURCH FINANCIALSTATEMENT5 FOR THE YEAR ENOED 31 MAY 2023 Charlty Number 1173045 GREATER LIGHTCHURCH FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 cotITEPKS PAGE Trustees Annual Report Independent examiner's report to the members Statement of financial activities lin¢orporatin8 the Income and expenditure account) Balance sheet Notes to the financial statements 9.12 GREATER UGlff CHURCH HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 REFERENCE ANDADMINlStRATIVE DETAILS Registered ¢harfty name Charity rryistratlon numbef Princlpal Office GREATER UGHTCHURCH 1173045 Apartment I Harvest Fields Harvest Road ROWLEY REGIS 665 8AB THE TRUSTEES The trustees who sewd the charity during the period We￿ as follows: Rev DR PATRICK KUVENGWA Rev GEKALDIN CHITAKARA Secretary Rev DR PATRICK KUVENGWA Independent Examlner ITL A¢countrng & Tax Servlces Ltd Unit 4 Marbrid8e House Harold's road Harlow E$5ex CM19 5bJ A¢¢ountants ITL Accounting & Tax Services Ltd Unit 4 Marbridge House Harold's road Harlow Essex CM19 5b 8anke HSBC BANK As at the date of this report, there are no ¢ustodianTrustees or Nominees and no trustee of the charity is holdin8 the title to any property belonging to the charity. The Trustee$ submit their annual report and examined financial Statements for the year ended 31 57 May 2023. The report and finantial statements have been prepared in accordance with the Charities Act 2011. The Trustees have adopted thè provision5 of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charrties- IFRS 1021 in preparing ihe report and financial statements. The Charity was rncorporated on 16 May 2017. It is governed by its constitution. GfllhTIR LIGHT CHURCH FINANCIAI ST AIIMENT5 FOR THI YIAA ENDID 31 MA Y 2023 OBICCVS 4P4D ACTIVITIE5 Objecls Thr GFtAIE H IItsHT LHURLII mairi ailivilies affe piopagaiion ol the Gospel according to Ihe li'athine ACHIEVEMENT5 AND PEAFORMANCE Ovl llg 11?e Iinan(ièl year 10 JI fv1av 2023. the ¢hJiily has held several churches and reliBious aciivilie lor ITS rryembers as ori6irially IliltDded The charily lias also help or8ènised numeiou$ social 8Atherines her* 155ue5 01 coniniuniiy èntl national conrern were discu55ed The Annual Gtfiei41 Meeitn8 will be held on Thuisday 17" De(ernber 2022 Goin8 Contern A5 ai Ine daiv ol JPPlOVing Ihe repori and accoun15. Ihere are no vncertainiies about Ihe cl)arily's abil ty tj conrinue 05 a 8oin6 concern Independent E*aminef ITL Accouniill£ & Servi(es Itd ha5 è150 been appointed a5 Independent Examinef and è re501ution èppointmer*l will be put to Ihe Annual Geneial Meeting SiÉned on behèll ol ilit irv51Èes Oaii'd Re¥ OH PIITRICY KV'VFNGWA Oaiod Rev Gf RhlDIN C141TAKARA TIu51ee GREATER UGHTCHURCH FINAP4CIAL STATEMENTS FOR THE YEAR ENDED 31 MAY2023 I report to the charity trustees on my examination of the account5 of the charity for the year ended 31" March 2024. RESPEcfivE RESP014S1BILmES OF TRUSTEE5 AND EXAMINER ANO BASIS OF REPORT As the charity's trustee5 you are ￿spOnsible for the preparation of the accounts in accordance with the requirements ol the Charities A¢t. Having sat15fied mysell that the accounts of the Charity are not required to be audited under Part 16 of the 21J)6 Companie5 Act and are eligible for independent examination. I report in respect of mv examination of your charivs atcounts as carrted out under Section 145 of the Charities Act 20111.the 2011 Act'l. In carryin8 Out my examination I have followed the Dlrertions given by the Charity Commission under sertion 145151 Ibl of the 2011 Act. INDEPENDENT EXAMIWER'S STATEMENT I have completed my examinatron. I confimi that no matters have come to my attentlon In connectlon with the examinatlon giving me cause to believe.. accounting records were not kept in resptrt of the Charity as required by sectlon 386 of the 2￿6 Act,. or 2. the accounts do not accord wlth those records; or 3. the accounts do r￿t compty with the requirement of sectlon 396 of the 2￿)6 Art other than any requirement that the accounts give a'true and fairviev/ which is rlot a matter consldered as part of an independent examination; or 4. the ac¢oun15 have not been prepared in accordance w6th the method5 and princlples (rf the Statement of Recommended Practice for ac¢ountlng and rèportrn8 by Chartties (applicable to harities prep4ring their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns arrff lTrave come acTOSS no Other matters in connectlon wlth the examination to which attention should be drawn In this report in order to enable a proper understandin8 of the accounts to be reached. ITL Accounting & Tax Servl¢es Ltd Independent examlner Unit 4 Marbridge House Harold's road Harlow Essex CM19 58J Dated-2710312025 GREATER UGHT CHURCH HNANCIAL STATEMEpifs FOR THE YEAR ENDED 31 MAY 2023 GREATER LIGHT CHURCH STATEPIENT OF FINANCIAL ACTIMTIES Ilncofporadng an Incom• and Eyp•ndlluro Ac¢ountl Year •nd•d 31 May 2023 Unr•strrthd Restrict•d Funds Funds Total Funds 2023 2023 Totsl Funds 2022 Notr In￿m* and •ndoMn•nts frojn: kncome Re¢erned 25.560 23,220 GranlRe¢•iwd and Fledges 16, Tol•l 25A60 25. 23220 E4)•ndllurn on: Coslolgonerab'iy %dunWincme 123.4291 123,4291 120.7401 Ch&rltsble a¢tiiitie$ {1.471) 11.4711 18861 TOTAL (24JOOI 124,9001 1.6261 NET INCOM￿EXPENDITURE) 1A G￿•Mance cost (5501 15501 15501 Tolal FMd5 broughlfijrward TOTAL FUNDS CARRIED FORVIARD 21y7 21J47 21J47 21AS7 21A57 22,391 All of the above amounts relate to continuing actlvities. GR(ATf R IIGHT CHURCH FINANCIAI 5T AIIMENV5 FOR THI Y(AR f NDID JI MAYIO23 GREA TER LIGHT CHURCH 8ALANCE SHEET As at 31 May X*23 202J 2022 Notes Cunent As$rt5 C*TrbtrfyiPieJge51 C35h ai banK and In HWJ 7.139 6531 93 Totsi Cunent A5SrfS 6,630 CJeOilor5 amounts lalling due one ye lth Currenl assets or liabilities Coditors amouftts falliNJ afiei one yew Total 14d Asset or Liabilities 6,8 6,230 Funds Resmclea Fwos Unostnc*i Funds R#% a'JaJo" ReseNe Total Funds 6.89) 6.230 6.8 6,230 Foi the year endpd 31 51 Mèi(h 2023 the company was eniiiled io eiempiion Irom audit undei Se£l￿n J44 131 ol Ihe Chatilies Aci 2011 Iihe 3011 Altl The rnembeis have noi iequire¢J the iompany 10 obtain an a￿dit ol 115 afcoun15 lor the yeai In qUeSlJon In accoroanie Wlih Se¢iion 14412101 ihe 2011 Act,. an Thc. I1￿%1&e$ aCkno￿leage Iheir iesponslbilily lor complying wilh Ihe tequifenienig ol the Act ie5pe(I to atcounting iecords anLI Ihe prepaiairfjn ol ihe actouryis These linancial 51alemen15 weie aPPiO¥ed by IhL. 8oai(J ol Tiuslees tsn the and Jre signèd on theii behall bv Rev DR PAIRICK KUVEl%GWA Tru51et Rov GIRAIOIN CHITAKARA GREATER UGHT CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 W4Y 2023 NOTES TO THE ACCOUNTS AccouMfiNG POUCIES 8asis of actountln£ The financial statements have been prepared in accordance with Accounting and Reporting by Charitie5.. Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Rèpublic of Ireland IFRS 1021 leffective l January 20151- (Charities SORP IFRS 10211, the Financial Reportin8 Standard applicable in the LIK and Republic of Ireland IFRS 1021. The financial statements are prepared on the8oing concèrn b35iS Lrnder the historical cosl convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charitable company and rounded to the nearest £. GREATER LIGHT CHURCH meets the definition of a public benefil entlty under FRS 102. Assets and liabililies are iniiially recogni5ed at historical cost or tranSa￿lon value unle$5 Otherwise staled in the relevant accounting policy notelsl. These financial statements for the year ended 31" May 2023 a￿ the first financial statements of the charitèble company prepared in a¢cordance with FRS 102, The Financial Reporting Standard applicable In the UK and Republic ol Ireland. The date of transition to FRS 102 was l October 2016. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102. Goln8 con¢ern The trustees have assessed the charitys ability to continue a5 a 80in8 concern and there are no material uncertainties. Fund accountln8 General funds are unrestricted fund5 which are available for use at the discretion of the Trustees In furtherance of the general objectives of the Charity and which have not been designated for other purposes. In¢omln8 Resources All incoming resources are included in the Siatement of Financial Activities when the Charity is le8allv entitled to the income and the amount can be quantified with ￿aSonable accuracy. Resources expended All expenditure 15 accounted for on an accruals basis and has been classified under headings that aggregate all costs 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 iesourtes.. GREATER UGHTCHURCH FINANCIAI STATEMENTS FOR THE YEAR ENOEO 31 W4Y 2023 NOTES TO THE ACCOUNTS Governance costs are those costs incurred in connection with the 8overnance rrangement of the charity, which relate to the general runnin8 of the Charity and compliance with constitutional and statutory requirements. The basis of allocation for SUPPOrt costs and governance costs has been explained in the notes. Flxed assets All lixed assets are initialty recorded at cost. GREATER LIGHT CHURCH NOTES TO THE ACCOUNTS Icontints•dl Year •nded 31 May 2023 2 Incomo Rec•lved Unr•strl¢tsd Funds 2023 R•strlct•d Funds Total Funds Totsl Funds 2023 2023 2022 Receryed 25. 25.%0 23.220 Other income Bank Inlerfjsl ReceNed T+)tsl 25,560 25,560 23,220 3 Expendlturo on Chafftabh acthFtI•$ Unr•strict•d Fund$ R•strfet•d Totsl Fund¥ Totsl Funds Funds 2023 2022 Grnnl for Comrnunlty woJe¢ts M•nag•m•nt Ind ￿MInIstra1¢n costs Gov•rnanc• Cost IS•0 Note 41 24,SYQ 550 24,9 550 21,626 550 4 Goveman¢• C•Jt Unrn$tri¢t•d Total Funds Total Funds Fundi 2,023 2,022 A¢counta￿Y fees 550 550 GREATER UGHf CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 NOTES TO THE AccouNrs 5. RELATED PARTI TRANSACTIONS TRUSTEES, EMOIUMENTS No salaries or wages have been paid to trustee5 includine the membèrs of the cornmittee, durin8 the vear. The trustees did not receive any remuneration for their services12022'. £NIll. The charity did not meet any individual expenses incurred by ihe trustees for services provided to the charity. There were no transaaions with related parties during the year12022 nil). 6. The Charity is exempt from tax on income and gains falling within section S05 of the Taxes Act 1988 Or se¢tion 252 of the Taxati¢)n of Chargeable Gains Act 1992 to the extent that these a applied to its charitable objects. GREATER LIGHT CHURCH NOTES TO THE ACCOUNTS l¢onllnu•d) Y•ar ond•d 31 May 2023 7 TANGIBLE FIXED ASSETS ASSErs TOTAL COST Asa101 W. 2023 Addity'c￿$ Disp05ds Revaluat￿ SwrA Ai 31 Marc* 2024 Pl•1 book v• Al 31 Klarth 2024 CREDtYORS: amounts f•llln9 duo wlthln one y•ar 2024 2023 Ac¢nAs 550 400 UN.INCORPORATED CHARITY The charity is not registered wilh Companies House and therefore is classified as an un- incorporated charity. io