Registered number 1173439
LIGHT OF JOY CHURCH
Report and Accounts
30 June 2022
LIGHT OF JOY CHURCH Report and accounts Contents
| Page | |
|---|---|
| Administrative information | 1 |
| Directors' report | 2 - 4 |
| Statement of Financial Activities | 6 |
| Balance sheet | 7 |
| Notes to the Financial Statements | 8 - 10 |
| (inclusive of detailed Income & Expenditure) |
LIGHT OF JOY CHURCH Company Information
TRUSTEES
ABIBAT OMOBOLAJI SOWUNMI OLAYINKA ADESILU
Accountants
Lemo Corporate 815 Old Kent road, London, SE15 1NX.
Bankers
NATWEST
Registered office
20 INGRAVE STREET LONDON SW11 2SA
Registered number 1173439
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LIGHT OF JOY CHURCH Trustees' Report
The board of trustees are pleased to present our report and accounts for the period ended 30 June 2022
Light Of Joy Church is a Christian religious organisation (where everyone is born and empowered to reign)
The vision statement of the church is as follows:
We are commssioned to ensure that everyone see Christ Jesus in His nature of loveliness and to make known through the expository teachings and preaching of the Divine Grace and the perfection of His works.
Our main aims of achieving our vision is to proclaim and spread the Gospel of Jesus Christ and to contribute to the well being of our surroundings through the execution of various community-based projects. Details of these are set out in our operational and administrative documents.
We commenced Sunday Church worship services on 25 November 2007 in an office space along Old Kent road,London. We conducted our Sunday worship services from this space for about two months free of charge.
During this year, we were able to secure a rented school hall in Gloucester Primary School at Daniels Gardens, in Peckham, London for our mid-week Evangelist In Training (EIT) and Sunday worship services. We commenced our first worship service at the school on 13 January 2008. In this year, several training sessions were held in the church to train evangelist, leaders and church members in spiritual and church operational matters.
In the coming year, we are looking forward to secure our registration status as a Charity organisation with the Charity Commission in England and Wales having gone beyond the minimum income threshold required for registration. We also intend to increase the membership of the board of trustees in order to enhance the smooth operations and administration of the church. Also in the coming year, the church intends to embark on various workshops/seminars, conferences, evangelistic outreach events, leadership and prophetic training and several community-based projects.
This report was approved by the board of trustees on 6 July 2023.
A O Sowunmi
ABIBAT OMOBOLAJI SOWUNMI Minister-In-Charge
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LIGHT OF JOY CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIGHT OF JOY CHURCH
I report on the charity for the year ended 30 June 2022, which are set set out on pages 4 to 5. Respective resposibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by been a qualified member of Association of Chartered Certfied Accountants.
It is my responsisblity to:
. examine the accounts under section 145 of the 2011 Act;
- . to follow the procedure laid down in the General Direction given by the Charity Commission under section 145(5)(b) of the 2011 Act; and;
.to state whether particular matters have come to my attention.
Basis of independent examiner's report
comparison of the accounts presented with those records. It also includes consideration of any unusual or
any such matters. The procedure undertaken do not provide all the evidence that would be required in an audit and, consequetly no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
- which gives me reasonable cause to believe that, in any material respect, the requirements:
. to keep accounting records in accordance with section 130 of the 2011 Act; and
. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met.
or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Adelani Awe
Mr. Adelani awe (FCCA, MSc) Date…06 July 2023 For and on behalf of LEMO CORPORATE
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LIGHT OF JOY CHURCH
Statement of Financial Activities for the year ended 30 June 2022
| Income Resources Tithes, offerings and thanksgiving Total Income Resources Resources Expended Support costs of activities in furtherance of the charity's objects Management & Administration of Charity Total Income Expended Net incoming/(outgoing) resources Net Movements in Funds Fund balances b/fwd Funds balances c/fwd |
Notes 6.1 6.2 6.3 |
2022 Total Fund £ 25,231 25,231 12,718 8,076 20,794 4,437 4,437 10,886 15,323 |
2021 Total Fund £ 19,678 |
|---|---|---|---|
| 19,678 | |||
| 10,581 7,503 |
|||
| 18,084 | |||
| 1,594 | |||
| 1,594 9,415 |
|||
| 11,009 |
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LIGHT OF JOY CHURCH Balance Sheet as at 30 June 2022
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixed assets | |||||
| Tangible assets | 3 | 999 | 122 | ||
| Current assets | |||||
| Debtors | 4 | - | - | ||
| Cash at bank and in hand | 14,696 | 11,298 | |||
| 14,696 | 11,298 | ||||
| Creditors: amounts falling due | |||||
| within one year | 4 | (372) | (534) | ||
| Net current assets | 14,324 | 10,764 | |||
| Net assets | 15,323 | 10,886 | |||
| Unrestricted Funds | |||||
| Unrestricted Funds | 5 | 15,323 | 10,886 | ||
| Restricted and Unrestricted Funds c/fwd. | 15,323 | 10,886 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
A O Sowunmi
ABIBAT OMOBOLAJI SOWUNMI Director Approved by the board on 6 July 2023
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LIGHT OF JOY CHURCH Notes to the Accounts for the year ended 30 June 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Incoming Resources
Income is mainly from grants and bank interest received are included in the financial statements when received.
Resources Expended
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.
Taxation
As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in the cost of those items to which it relates.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% straight line Motor vehicles 25% straight line
| 2 Operating profit This is stated after charging: Depreciation of owned fixed assets |
£ £ 373 661 |
|---|---|
3 Tangible fixed assets
| Cost At 1 July 2021 Additions At 30 June 2022 Depreciation At 1 July 2021 Charge for the year At 30 June 2022 Net book value At 30 June 2022 At 30 June 2021 4 Creditors: amounts falling due within one year Other creditors 5 Unrestricted Funds At 1 July 2021 Unrestricted Funds for the period At 30 June 2022 |
Computers & Musical equipment £ 614 1,250 1,864 492 373 865 999 122 |
Motor vehicles Total £ £ - 614 - 1,250 - 1,864 - 492 - 373 - 865 - 999 - 122 £ £ - - £ £ 10,886 9,415 4,437 1,471 15,323 10,886 |
|---|---|---|
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LIGHT OF JOY CHURCH
Notes to the accounts (continued)
6 6. Detailed Income and Expenditure Account For the year ended 31 June2022
| 2022 | 2021 | ||
|---|---|---|---|
| Total fund | Total fund | ||
| £ | £ | ||
| 6.1 | INCOMING RESOURCES | ||
| Thithes, offering and thanksgiving | 25,231 | 19,678 | |
| HMRC - Gift Aid | |||
| Total Incoming Resources | 25,231 | 19,678 | |
| OUTGOING RESOURCES | |||
| 6.2 | Support costs of activities in furtherance of | ||
| the Charity's objects: | |||
| Pastoral allowances | 5,277 | 5,083 | |
| Missionary and Evangelism | 1,577 | 982 | |
| Donations & Gifts | - | - | |
| Honorarium | 4,492 | 3,845 | |
| Instrumentalist/music expenses | - | ||
| Printing, postage & stationery | - | - | |
| Evangelical/outreach materials | 1,372 | 1,241 | |
| Members' welfare and training | - | - | |
| 12,718 | 11,151 | ||
| 6.3 | Management and Administration of Charity: | ||
| Rent of Church hall | 5,311 | 5,311 | |
| Rates | 0 | ||
| Travelling and subsistence | 679 | 650 | |
| Telephone & fax | 528 | 425 | |
| Motor expenses | - | - | |
| Repairs & Maintenance | 573 | 29 | |
| Sundry expenses | - | - | |
| Website designs and maintenance | - | - | |
| Depreciation charge | 123 | 123 | |
| Accountancy fees | 300 | - | |
| Other legal and professional | 512 | 468 | |
| 8,076 | 7,056 |
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