## Trustees’ Annual Report Period reported: 1[st] January 2023 to 31[st] December 2023 Charity name: Langley Institute of Ministry Charity number: 1181984 The purpose and main activity of the Langley Institute of Ministry (LIM) is to advance the Christian faith for the public benefit in the UK and overseas in accordance with the Statement of Faith. This is realised by providing a Biblical Teaching Ministry through online media tools; a Life Ministry program to develop sustainable, income generating projects; and a practical Care Ministry to relieve the suffering of LIM leaders and students. LIM is governed by a Board of Trustees and all Trustees have seen the guidance issued by the Charity Commission and commit to abide by this guidance. LIM is now in its sixth year as a charity, and it has over 2,000 students, in 65 centres located in Africa and Asia During the reporting period some significant planning has been undertaken to define a more sustainable organisational structure for the Charity. The key elements of this plan are - Curriculum development - ensuring that the format and content of all teaching materials are updated and expanded so that they can easily be used by other leaders. - Translation - all course materials to be translated into the local language. - Mentoring – The President transitioning from mainly teaching to mainly mentoring. - Structuring of academic year - Wherever practical, standard teaching breaks should be introduced that are common to all regions and nations. This gives both teachers and students an opportunity to pause and reflect on progress. - Greater delegation to National Leadership - training and empowering our national leadership to take decisions on all operational matters within national borders including new centres, quality of teaching, budgets, care ministry and authorisation to award graduation certificates. - UK Leadership - will prioritise their activities on Curriculum Development and fundraising. - Appointment of a new Vice Principal to expand the skill set and experience on the Leadership Team and - to initiate some aspects of succession planning. - Fundraising - Significant increase in operating budget is anticipated if most of the above is to be realised. It is expected that most of this must come from new sources of income including grants and commercial donors A global leadership Conference was held at the end of 2023 to communicate this new strategic direction and it is hoped to start the roll-out of this new structure in 2024. The financial requirements to support this roll-out have been calculated and efforts to raise additional funds are underway. LIM’s financial robustness continues to strengthen. A cash balance of £4163.03 was held in the main bank accounts and carried forward to 2024, of which LIM holds £4,000.89 in a contingency account. This is an increase of almost 250% relative to the start of year balance. LIM only pays out expenses from cleared funds and therefore has no liabilities to cover. An independent audit of the 2023 accounts was conducted and were reported to be free from material mis-statement. There were no changes to the Board of Trustees through 2023. Declarations: The Trustees declare that they have approved the Trustees’ Report above. Signed on behalf of the Trustees by Mrs. Lynne King, Secretary _______________________________________ Date: 18 September 2024 _Patron: Rev. Stephen Gaukroger President: Rev. Keith King Director: Mr Mark Thorogood_ _Office: 29 The Pines, Orchards Park, Trenches Lane, Langley, United Kingdom SL3 6QJ. Tel: +44 (0)1753 312291 Website: http://lim-study.com Registered Charity No: 1181984_ **Charity Name Langley Institute of Ministry 1181984 Receipts and payments accounts CC16a For the period** Period start date Period end date **To from** 01-Jan-23 31-Dec-23 |**Section A Receipts and payments**|**Section A Receipts and payments**|**Section A Receipts and payments**|||||||| |---|---|---|---|---|---|---|---|---|---| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**||**Restricted funds**
**to the nearest £**||**Endowment**
**funds**
**to the nearest £**||**Total funds**
**to the nearest £**||**Last year**
**to the nearest £**| |
Regular Donations|**21,984**||||**-**||**21,984**||**17,540**| |Ad Hoc Giving|**4,217**||**1,290**||**-**||**5,507**||**15,827**| ||**-**||||**-**||**-**||**-**| ||**-**||||**-**||**-**||**-**| |Gift Aid recovered|**1,730**||||**-**||**1,730**||**2,472**| |Other Income|**28**||||**-**||**28**||**-**| ||||||**-**||**-**||**-**| ||||||**-**||**-**||**-**| |**_Sub total_**_(Gross income for AR)_|**27,959**||**1,290**||**-**||**29,249**||**35,839**| ||||||||||| |**A2 Asset and investment sales,**
**(see table).**|||||||||| ||**-**||||||||| ||**-**||||||||**-**| |**_Sub total_**|**-**||||||||**-**| |**_Total receipts_**
**A3 Payments**|||||||||| ||||||||||**35,839**| ||||||||||| |
Overseas Propertycosts|**10,069**||||**-**||**10,069**||**6,042**| |IT costs|**4,098**||||**-**||**4,098**||**1,473**| |Care Ministries|**3,984**||**1,290**||**-**||**5,274**||**4,418**| |Life Ministries|**1,010**||||**-**||**1,010**||**288**| |TeachingMinistries|**4,592**||||**-**||**4,592**||**10,264**| |Travel costs etc.(Local +visits)|**405**||||**-**||**405**||**7,817**| |Translation costs|**717**||||**-**||**717**||**440**| |Bank charges|**-**||||**-**||**-**||**9**| |Other|**635**||||**-**||**635**||**4,864**| |**_Sub total_ **|**25,510**||**1,290**||**-**||**26,800**||**35,615**| ||||||||||| |**A4 Asset and investment**
**purchases, (see table)**|||||||||| ||**-**||||||||| ||**-**||||||||| |**_Sub total_ **|**-**||||||||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||||| ||||||||||**35,615**| ||||||||||| ||**2,449**||||||||**1,714**| ||||||||||**-**| ||**1,714**||||||||| ||**4,163**||||||||**1,714**| ## **Section B Statement of assets and liabilities at the end of the period** |CCXX R1 accounts (SS)
**Categories**
**B1 Cash funds**|1
**Details**
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(agree balances with receipts and payments account(s))
Barclays Bank Account
Reserve Account|**Unrestricted**
**funds**
**to nearest £**
**162**
**4,001**
**-**
**4,163**
OK|23/09/2024
**Restricted funds**
**Endowment**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
OK
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behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**|**Details**
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
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**belongs**
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**Amount due**
**(optional)**
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Print Name
Mrs L King|**Endowment**
**funds**
**to nearest £**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of approval| |||Mrs L King|27-Aug-24| ||||| CCXX R2 accounts (SS) 23/09/2024 2 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl mamborg of Langley Institute of Ministry On accounts lor the year ended 31° December 2023 Charfty no lif any) 1181984 Set out on pages CC16a Attached I report to the trustees on my examination of the accounts of the above charty I'lhe Trus1"} for the year ended 3111212021. Responslblllttos and basls of roport As the charitys trustees, you are responsible for the preparatK)n of the accounts in aG￿rdanGe with the requirements of the Charities Act 2011 {Ihe Act.). I report in respect of my èxamlnatlon of the Trust's account8 carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under $e¢lion 14515){bl of the Act. Independent examln•f8 Statement I have completed my examlnatlon. I confim that no material matters havé come to my attention in connection wilh the examination leth8Ft di6640￿ ') which gNes me cause to believe that in, any material respect.. the accounting records were not kept in accordance wtth section 130 of the Charities Act., or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the fom and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 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. 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 en8ble a proper understanding of the accounts to be reached. ' Please delete the wonys in the brackets rfthey do not apply. Slgned: Date: 1510612024 Name: David J Fletcher Relevant professional qualification(s) or body FCCA (Ret) IER Oct 2018