2022-06-01-accounts

REGISTERED CHARITY NUMBER: 1195896

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 23 SEPTEMBER 2021 TO 1 JUNE 2022 FOR LIVING PRAISE CHAPEL WORLDWIDE

Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG

LIVING PRAISE CHAPEL WORLDWIDE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 23 SEPTEMBER 2021 TO 1 JUNE 2022

	Page
Report of the Trustees	1
Independent Examiner's Report	2
Statement of Financial Activities	3
Balance Sheet	4
Notes to the Financial Statements	5 to 6
Detailed Statement of Financial Activities	7

LIVING PRAISE CHAPEL WORLDWIDE

REPORT OF THE TRUSTEES FOR THE PERIOD 23 SEPTEMBER 2021 TO 1 JUNE 2022

The trustees present their report with the financial statements of the charity for the period 23 September 2021 to 1 June 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1195896

Principal address

International House Tariff Road London N17 0DY

Trustees

F Amankwah Ms N L A Kwarteng - appointed 5.2.22 Ms L Akuffo - appointed 26.7.22

Independent examiner

Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by order of the board of trustees on 13 May 2023 and signed on its behalf by:

F Amankwah - Trustee

Page 1

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIVING PRAISE CHAPEL WORLDWIDE

I report on the accounts for the period 23 September 2021 to 1 June 2022, which are set out on pages three to six.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

My role is to state whether any material matters have come to my attention giving me cause to believe:

1. that accounting records were not kept as required by section 130 of the Act; or

2. that the accounts do not accord with those records; or

3. that the accounts do not comply with the accounting requirements of the Act; or

4. that there is further information needed for a proper understanding of the accounts.

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.

Ekow Appiatse FCCA Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG

13 May 2023

Page 2

LIVING PRAISE CHAPEL WORLDWIDE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 23 SEPTEMBER 2021 TO 1 JUNE 2022

		Unrestricted
		fund
	Notes	£
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income		11,236
RESOURCES EXPENDED
Costs of generating funds
Costs of generating voluntary income		8,107
Other resources expended		360
Total resources expended		8,467
NET INCOMING RESOURCES		2,769
TOTAL FUNDS CARRIED FORWARD		2,769

The notes form part of these financial statements

Page 3

LIVING PRAISE CHAPEL WORLDWIDE

BALANCE SHEET AT 1 JUNE 2022

		Unrestricted
		fund
	Notes	£
FIXED ASSETS
Tangible assets	3	336
CURRENT ASSETS
Cash at bank		2,793
CREDITORS
Amounts falling due within one year	4	(360)
NET CURRENT ASSETS		2,433
TOTAL ASSETS LESS CURRENT
LIABILITIES		2,769
NET ASSETS		2,769
FUNDS	5
Unrestricted funds		2,769
TOTAL FUNDS		2,769

The financial statements were approved by the Board of Trustees on 13 May 2023 and were signed on its behalf by:

F Amankwah -Trustee

The notes form part of these financial statements

Page 4

LIVING PRAISE CHAPEL WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 23 SEPTEMBER 2021 TO 1 JUNE 2022

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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 resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

• 20% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 1 June 2022.

Trustees' expenses

There were no trustees' expenses paid for the period ended 1 June 2022.

Page 5

LIVING PRAISE CHAPEL WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE PERIOD 23 SEPTEMBER 2021 TO 1 JUNE 2022

3. TANGIBLE FIXED ASSETS

3.	TANGIBLE FIXED ASSETS
		Fixtures and
		fittings
		£
	COST
	Additions	420
	DEPRECIATION
	Charge for year	84
	NET BOOK VALUE
	At 1 June 2022	336
4.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		£
	Other creditors	360

5. MOVEMENT IN FUNDS

		Net
		movement in
		funds	At 1.6.22
		£	£
Unrestricted funds
General fund		2,769	2,769
TOTAL FUNDS		2,769	2,769
Net movement in funds, included in the above are as follows:
	Incoming	Resources	Movement in
	resources	expended	funds
	£	£	£
Unrestricted funds
General fund	11,236	(8,467)	2,769
TOTAL FUNDS	11,236	(8,467)	2,769

Page 6

LIVING PRAISE CHAPEL WORLDWIDE

FOR THE PERIOD 23 SEPTEMBER 2021 TO 1 JUNE 2022

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

INCOMING RESOURCES Voluntary income Donations Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Rent Sundries Catering and refreshments Musicians Zoom subscriptions Travel expenses Fixtures and fittings Support costs Other 4 Accountancy and legal fees Total resources expended Net income	£ 11,236
	11,236 6,600 133 300 590 120 280 84
	8,107 360
	8,467
	2,769

This page does not form part of the statutory financial statements

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