**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 Page 7