Trustees’ Annual Report for the period
From: 01/01/2023 (Period start date) To: 31/12/2023 (Period end date)
Charity name: World Light Chapel Charity registration number:1196814
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the Church are for the benefit of the public: to advance the Christian faith [in accordance with the Statement of Beliefs] in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit; |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
•General Charitable Purposes •The Prevention or Relief of Poverty •Other Charitable Purposes •Counselling duties |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes, the Trustees follow the guidance set in the charity' deed |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | Non applicable |
| Policy on social investment including program related investment |
Para 1.38 | Non applicable |
| Contribution made by volunteers |
Para 1.38 | Without volunteers the Charity will not exists |
Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society. |
Para 1.20 | The charity has been able to spread the word of God in the community and has attracted the youth and the teenagers into the church and this helps them to be out of the streets and helps to reduce crime in the community |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | We can say we have overachieved but there is always room to achieve more but sometimes resources are restricted |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | As a church, funds are always scarce as fundraising is based on voluntary contributions from church members and other stakeholders, through offerings and tithes, due to this our outreach programmes are restricted, but we believe we are progressing as the church population grows. |
| Investment performance against objectives |
Para 1.41 | No Investment at the present |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Reserves are held to help make sure that the church continues to be financially sustainable. |
| Numberof reservesheld | Para 1.22 | £1000 |
| Reasons for holding zero reserves |
Para 1.22 | Non-Applicable |
| Details of fund materially in deficit |
Para 1.24 | Non-Applicable |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Non-Applicable |
| Additional information (optional) You may choose to include further statements |
where relevant about: | |
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Church members offerings, tithes and pledges |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | None |
| A description of the principal risks facing the charity |
Para 1.46 | Limited of funds and place of worship |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
•Complaints handling •Conflicting interests •Risk management •Safeguarding vulnerable beneficiaries •Volunteer management |
|
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | CIO - FOUNDATION Registered 29thNovember 2021 |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g., election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are appointed based on the trustee deed: a) All trustees must be over 18 years old b) All trustees are appointed based on their acknowledgment and approval |
| Additional information (optional) You may choose to include further statements |
||
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | •Complaints handling •Conflicting interests •Risk management •Safeguarding vulnerable beneficiaries •Volunteer management |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | The Chair The Trustees Church Elders Church Members |
| Relationship with any related parties |
Para 1.51 | Non-Applicable |
| Other |
| Charity’s principal address | 248 HYDETHORPE ROAD LONDON SW12 0JH |
|---|---|
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Reverend Duke Agyeman-Badu |
Chair | Whole year | Reverend Duke Agyeman- Badu |
|
| Kwaku Donkor | Trustee | Whole year | Reverend Duke Agyeman- Badu |
|
| TRPHEANA Opoku Ware |
Trustee | Whole year | Reverend Duke Agyeman- Badu |
|
| Juliet Buckman | Trustee | Whole year | Reverend Duke Agyeman- Badu |
|
– Corporate trustees names of the directors at the date the report was approved
Director name Reverend Duke AgyemanBadu
Name of trustees holding title to property belonging to the charity
| Trustee name | **Dates acted if not for whole year ** | |
|---|---|---|
| Non-Applicable | ||
Funds held as custodian trustees on behalf of others
Description of the assets Non-Applicable held in this capacity
Name and objects of the Non-Applicable charity on whose behalf the assets are held and how these falls within the custodian charity’s objects Details of arrangements for Non-Applicable safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Non-Applicable
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)[Reverend Duke Agyeman-Badu] Full name(s)[Reverend Duke Agyeman-Badu] Position (eg Secretary, Chair Chair, etc) Date 29th November 2021
WORLD LIGHT CHAPEL
FINANCIAL
STATEMENT AS AT 31[ST] DECEMBER 2023
Contents
| 1. | Trustees Report................................................................3 |
|---|---|
| 1.1 | Source of Financing and allocation of funding...........3 |
| 2. Accountants' Independent Report.....................................5 | |
| 3. World Light Chapel Annual Report for the Year Ended 31 | |
| December 2023...................................................................6 | |
| 3.1 | Scope of Operation and Undertaken Activities...........6 |
| 3.2 | Income and Expenditure Summary as at 31 December |
| 2023..............................................................................6 | |
| 3.3 | Statement of Position (Balance Sheet) as of 31 |
| December 2023.............................................................7 | |
| 4. Notes to the accounts: Year ended 31 December | |
| 2023....................................................................................8 | |
| 4.1 | Accounting Policies.....................................................8 |
| 4.2 | Performance – Detailed Income and Expense |
| Statement......................................................................9 | |
| 4.3 | Trustees Commitment...................................................9 |
Trustees Report
The Trustees present their report and accounts for the accounting year ending on 31[st] December 2023. The trustees report that the financial year ending 31[st] December 2022 brought growth and expansion of our services to the community and members.
Principal activity:
The trust core principal’ activity is Christ Centred Church undertakings and secondly activities are services to humanity and general local community.
During the year prayers and teaching conferences were organised on a regular basis and attendance at these conferences was very good. We also provided training seminars for teachers and volunteers of our Sunday schools.
We are ever prepared to expand scope of consideration, offer training and education to volunteers where needed, however our objectives are constraint by financial resources available. We met all planned objectives and operations, especially maintaining and increasing our membership numbers.
Source of Financing and allocation of funding
The level of the finances for the year ended 31[st] December 2023 was stable. The income level was not too different from projected income due to covid-19 pandemic and for this very reason we would like to express our sincere gratitude to World Light Chapel members for their generous donations and contributions which has mainly been sole funding of our programmes.
Signed: Reverend Duke AgyemanBadu
Chairman of the Trustees
For and on behalf of Trustees and Members of World Light Chapel members
Date: 25[th] October 2024
Accountants' Independent Report
As Accountants we report on the unaudited accounts to the Trustees of World Light Chapel. It is our view to state the basis of the procedures specified in the General Directions given by the Charity Commissioners under section 43 (7) (b) of the Act, whether matters have come to our attention.
Respective responsibilities of trustees and examiner
As described on the balance sheet the Trustees of World Light Chapel are responsible for the preparation of the accounts for the year ended 31 December 2022, set out on pages below and the Trustees consider that the church is exempt from an audit requirement of section 43 (2) of the Charities Act1993 (the Act). In accordance with Trustees of World Light Chapel instructions, we have compiled these unaudited accounts to assist Trustees of World Light Chapel to fulfil its statutory responsibilities, from the accounting records, information and explanations made available to us including incomplete records leading to extensive reconciliations to derive prudent and reasonable amounts.
Basis of independent examiner's report
Our examination was carried out in accordance with the General Direction given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees on any such matters. The procedures undertaken do not provide all the evidence that would be required by an audit, and consequently, we do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In accordance with our examination, no matter has come to our attention:
-
(1) Which gives us reasonable cause to believe that in any material respect the requirements:
-
(a) To keep accounting records in accordance with section 41 of the Act: and
-
(b) To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met, or
-
(2) To which, in our opinion, attention should be drawn to enable a proper understanding of the accounting to be reached.
Signature: Kwadwo
Kwascus Ltd.
Date: 25 October 2024
Address: 42 New Broad Street, London, EC2M 1JD
World Light Chapel Annual Report for the Year Ended 31 December 2023 Scope of Operation and Undertaken Activities
The Trustees report that the financial year ended 31 December 2023 continued to bring new challenges for the organisation.
In line with our Christian ethos, during the year, various teaching and prayer seminars were organised on regular basis. Again, the attendances to these activities have continued to increase especially in the areas of helping the youth to desist from joining ‘Gangs’ in favour of living a Christ centred life.
World Light Chapel Income statement for year ended 31/12/2023
| World Light Chapel Income statement foryear ended 31/12/2023 | ||
|---|---|---|
| 31/12/2022 | 31/12/2023 | |
| Income | £ | £ |
| Members Donations | 6898.96 | 11,639.57 |
| Grant | 0 | 0 |
| 6898.96 | 11,639.57 | |
| General Expenses |
| Direct Charitable Expenditure on Direct Charitable Objectives |
||
|---|---|---|
| Members Welfare | 1140.62 | 1490 |
| CommunityCharitySupport | 320.5 | |
| Information andpublications | 402.33 | |
| 1863.45 | ||
| Management and Administration Expenses | ||
| Rent | 2337.5 | 4350 |
| Horrranium | 250 | 1150 |
| van &fuel expenses | 490.12 | 1530.82 |
| Equipment and Instrument | 380 | 377 |
| Travel | 490.12 | 111.25 |
| fuel | 124.11 | |
| Mobile Wifi Data -3G | 182.8 | 529.87 |
| Bank Charges | 0.01 | |
| Donations | 83.56 | |
| Accountancy | 450 | |
| 4580.55 | 9746.61 | |
| Total Expenditure | 6444 | 9746.61 |
| Net Surplus / Deficit | 455 | |
| Funds Reserve Brought Forward | 1096 |
1551 1892.96 Profit and Loss Reserve
The net movement in funds for the year stated above arose entirely from continuing activities. There are no recognised gains or losses for the year above other than those included in the above statement of financial activities. The notes from pages 8 to 9 form part of these accounts.
The World Light Chapel performance statement above and the Balance Sheet below reflect the true and fair view of the trust position as of 31 December 2023.
Statement of Position (Balance Sheet) as of 31 December 2023
World Light Chapel Balance Sheet for the year ended 31/12/2023
| World Light Chapel Balance Sheet for theyear ended 31/12/2023 | ||
|---|---|---|
| 31/12/2022 | 31/12/2023 | |
| CURRENT ASSETS | £ | £ |
| Balance at Bank and in Hand | 1551 | 1892.96 |
| LIABILITIES: | ||
| Amounts fallingdue within oneyear(Note) | 0 | 0 |
| Net Current Assets | 1551 | 1892.96 |
| Net Assets | 1551 | 1892.96 |
| FUNDS |
Accumulated Unrestricted Reserve 1551 1892.96
Approved by the Board of Trustees on 25 October 2024
Signed: Apostle Duke Agyeman Badu
Duke Agyeman Badu
Chairman of the World Light Chapel
For and on behalf of Trustees and Members of World Light Chapel
Date: 25 October 2024
The notes to accounts are on pages 8 and 9
Notes to the accounts: Year ended 31 December 2023
Accounting Policies
Basis of measurement and preparation of accounts
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 financial statement reflects the requirements of the revised Statement of Recommended Practice 'Accounting for Charities' (SORP). The charity complied with best practice at the time of preparing these accounts.
Tangible Fixed Assets depreciation policy
All fixed Assets are capitalised after taking account of any grants receivable (if any), at the following annual rates to write off each asset over its estimated useful life. The charge for depreciation is calculated to write off the costs of fixed assets are capitalised over their usefulness on the following bases:
-
Equipment 25% on Net Book Value (reducing balancing capitalising method)
-
Furniture 25% on Net Book Value (reducing balancing capitalising method)
-
Fittings 25% on Net Book Value (reducing balancing capitalising method)
Income Recognition
Income is accounted for on accruals basis, except for donations, which are credited to income when received during the period.
Expenditure
AII expenditure is accounted for on an accrual basis. Direct charitable expenditure relates to those incurred or grants payable, which directly relate to the furtherance of the charity's objects.
Management and administration costs include wages and related costs of central administration.
Valuation information and policy
Where applicable valuations would be undertaken as the lower of cost and net realisable value, after making do allowance for obsolete. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
The charity's funds are unrestricted and are available for use at the discretion of the trustees
Trustees Commitment
No amounts were paid to any trustees during the year in respect of their duties as trustees. The office of Ministers cost was not paid for duties as a part time Christian Minister. The need to remunerate World Light Chapel Ministers would be addressed as part of our future consideration.