## **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|**T**he 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|
|---|---|
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**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|
||||||
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## – 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**|||
||||
||||
||||
||||
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## **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.