REGISTERED CHARITY NUMBER: 701987 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for Light of the World Gospel Hall Community Church
Light of the World Gospel Hall Community Chureh Contents of the Financial Stalements for the Year Ended 31 March 2024 Page Referenee and Administrative Details Report of the Trustees Independent Examiner's Report Statement of Finan¢lal Aetlvities Balance Sheet Notes to the Financial Statements 7 to 12 Detalled Statement of Financial Actlvities 13
Light of the World Gospel Hall Community Church Referenee and Administrative Details for the Year Ended 31 March 2024 TRUSTEES J E Lawrence N J S Campbell L Green PRINCIPAL ADDRESS Light of the World Gospel Hall Gaythorne Road Bradford Wesl Yorkshire BD5 7ES REGISTERED CHARITY NUMBER 701987 INDEPENDENT EXAMINER KJA Kilner Johnson Ltd Network House Stubs Beck Lane Cleckheaton BD19 4fT OTHER OFFICERS Rev S C Sangster, Founder P Nelson, Deaconess K A Trought, Pastor E A Smiih, Elder
Light of the World Gospel Hall Community Chureh Report of Ihe Trustees for the Year Ended 31 Mareh 2024 The Tntstees present their report with the financial statement of the charity for the year ended 3 1st March 2024. The Trustees have adopted ihe provisions of Accounting and Reporting by Charities.- Statement of Recommended Practice applicabl¢ to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2019). OBJECTIVES AND ACTIVITIES The Church is a Christian fellowship who ftel called both to worship God and to demonstrate his love for the world by providing care and activities for the local community. We have complied with the ouidance supplied by the CharÈty Commission regarding public benefit, and applied this when reviewing our aims and objectives and in plannino our future activities. ACHIEVEMENT AND PERFORMANCE The Light of the World Gospcl Hall Community Church is continulng to thrive in its efforts to share the oospel of Jesus Christ. The congregation also continues to thrive and meet for iyorship in line wilh the tcrnis of our constitution. The projecis of the church are run by members ofihe contsreoation on a voluntary basis as a means of reducing COSL as we pray and plan ahead toward5 the planting of another church. A newly appointed evangelism team goes out each week with the good news of Jesus Chrisi. and it has benefited many people who need a word of comfort, and to know thai Jesus cares and the church cares. The Feed the Hungry project was started by the church volunteers, and is continuing to provide free hot meals for the vulnerdble people of Bradford. The project runs every Wednesday evening and calers for over l 00 people each week. The church works in partnership with other groups who are involved in supporting the hungry and the homeless in the district. The church will continue its outreach project lo children and families for the sunday school. It is anticipated that the annual church thanksgiving celebrations that were postponed because of the Covid r¢strictions will resume in the near fvture. The church will continue to explore ways to develop a newsletter and an inforn]ation booklei as a means of promoting outreach, while raising awareness of our presence and pury)os¢ in the city of Bradford through the organisation's website. FINANCIAL REVIEW Reserves are held lo ensure the continuity of the activities of the Church. Reserves of Nielve months unrestricted expenditure are required for this purpose, equivalent lo £140,488 based on the expenditure for the year lo the 31 March 2024. Unrestricted reserves at 31 March 2024 were £1,241,987 (2023.. £1,306,86i). It is the Trustee's intention to utilise these accumulated ndS to build and develop a new Church in another inner city Community, engaging in similar Ministry of Community building and education. The Church Council expect that a sum in the region of £800,000 will be required to seed the new Church. Under the constitution the Church has the power to make any investment which the Trustees see fit. The Trustees currently invest the Funds of the church with Barclays BanK utilising boih cuttnt and deposit accounts.
Light of Ihe World Gospel Hall Community Church Report of Ihe Trustees for the Year Ended 31 March 2024 FUTURE PLANS The small but vibrant and dedicated Church conJegation continue to support the future planting of another Church and helping the Community. We are a150 considering the setting up of youth accommodation for young Christians who mighi otherwise be living on the street. STRUCTURE, GOVERNANCE AND MANAGEMETr4T The church is governed by its constitution adopted 6 nctober 1999 and constitutes an unincorpordted Church. All trustees are appointed on a voluntary basis. Most of the workers do not receive any remunerdtion for their time, though a stipend is paid to Rev. S C Sangster &8 Senior Pastor and founder of the organisation. This is disclosed in the church accounts. The Church is overseen on a day to day by Rev. S C Sangslw. as founder of the organisation, with all decision rnaking being undertaken by the church council members who make recommendations to the 11 membership of the fellowship in open meetinos. The Council members are elected a¢ the Annual General Mecting each year by the fvll membership. The Church has established a trading charity, Light of the World Community Centre Lirnited, to run the Community Centre and Nursery from l April 2009. The limited company was regisiered 7 August 2008, company number 06666862, and became a Charity on 4 February 2009, Charity number 1127877. The tNslees have a duty to identify and review the risks to which the Church is exposed and to ensure that appropriate controls are in place lo provide reasonable assurance againsi fraud and eor. The Church ensures the safety of Children and vulnerable adults by developing a Safeguarding policy for this purpose. Approved by order of the board oftrustees on .. . and signed on its behalf by: J E Lawren¢e - Trustee
Independent E%aminer'5 Report to the Trustees of Light of the World Gospel Hall Community Church Independent examiner's report to the trustees of Light of the World Gospel Hall Community Church I report to the charity trustees on my examination of the accounts of Light of the World Gosp¢l Hall Community Church (the Trust) for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of the Trusl you are Tesponsible for the prepardtion of the accounts in accordance with the requirements of the Charities Aci 2011 ('the Act,). I report in respect of my examination of the Trust'5 accounts carried out under Section 145 of the Act and in carying out my examination I have followed all applicable Directions given by ihe Charity Commission under Seclion 145(5)(b) of the Acl. Independent examiner's slatement I have complel¢d my examinatton. I confirni that no material matters have com¢ to my attention in connection wilh the examination giving me cause to believe that in any material respect: accounling records were not kept in Tespecl of the Trust as required by Section 130 of ihe Act: or the accounts do noi accord with those records- or the accounts do not comply wilh the applicable requirements concernTng the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulaiions 2008 other than any requiremenl that the accounts give a true and fair view which is nol a matter considered as part of an independent examination. I have no concerns and have come across no other matters in conneclion with the examination to which attention should be drawn in this report in order io enable a proper understsnding of the accounts io be reached. N Effendi KJA Kilner Johnson Ltd Network House Stubs Beck Lane Cleckheaton BD194TT Date..
Light of the World Gospel Hall Community Chureh Statement of Financial Activilie5 for the Year Ended 31 March 2024 2024 Total funds 2023 Total funds Unrestrieted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 40,21? 40,212 38,756 Charitable activities Charitable Activity 6,965 Investment income 35,400 35,400 33,600 Total 75,612 75,612 79,321 EXPENDITURE ON Raising funds 2,586 Charitable activities Charitable Activity 133,976 133.976 47,782 Other 6,512 6,S12 6,729 Total 140,488 140,488 57,097 NET INCOMEI(EXPENDITURE) (64,876) (64.876) 22,224 RECONCILIATION OF FUNDS Total funds brought forward 1,306,863 15,440 1.422,303 1.400,079 TOTAL FUNDS CARRIED FORWARD .241.987 115,440 1,357,427 1,422,303 The notes forni part of these financial statements
Light ofthe World Gospel H211 Community Church Balance Sheet 31 March 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets io 356,J91 15.440 471.831 478.343 CURRENT ASSETS Debtors Cash at bank and in hand 137,296 751,361 137,296 751,361 215,117 731,815 888.657 888,657 946,932 CREDITORS Amoun15 falling due within one year 12 (3.061) (3,061) (2,972) NET CURRENT ASSETS 885.596 885,596 943,960 TOTAL ASSETS LESS CURRENT LJABILITIES 1.241,987 115,440 1,357,427 1,422,iOi NET ASSETS 1,241,987 115,440 I,i57,427 1,422,303 FUNDS Unrestricted fvnds Restricted funds 13 1241,987 115,440 1.306,863 115,440 TOTAL FUNDS 1,357,427 1.422,303 The financial staternenis were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: J E Lawrencc - Trustee The notes form part of these financial statements
Light of the World Gospel Hall Commllnity Chureh Notes lo the Financial Statements for the Year Ended 3] March 2024 ACCOUNTING POLICIES Basis of preparillg the financial statements The financial statements of the charity. which 15 a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparino their accounts in accordance with the Financial Reporting Standard applicable Tn the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Swidard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements havc bcen prcparcd undcr thc historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as cxpendilurc as soon as there is a Icgal or constructive obligation committing ihe charity to that expenditure. it 15 probabl¢ that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where cost5 cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with ihe use of resources. Grants offered subject to conditions which have not been met ai the year end date aTe noted as a commitment but not accrued as expenditure. Tangible fixed assets Depreciation is provided at the following annual rdtes in order to write off each asset over its estimated useful life. Plant and machinery Fixtures and fittings Motor vehicles Signage Freehold property 250/0 Redu¢ing balance 250/0 Reducing balance 250/0 Reducing balance I 00/0 Straight line 10/0 Straight line Taxatlon The charity is exempt from lax on ils charitable activities. Fund accounting Unrestricted funds can be used in a¢¢ordan¢e with the charitable objectives at the discretion of the trustees. Restricted fvnds can only be used for particular restricted PUTPOSes within the objects of the charity. Restrictions arise when specifled by the donor or when fund5 are raised for particular restricted pUoses. Further explanation of the nature and purpose ofeach fund is included in the notes to the financial statements. continued..
Light of the World Gospel Hall Commllnity Church Notes lo the Financial Sialements- Continued for the Year Ended 3J March 2024 DONATIONS AND LEGACIES 2024 2023 Donations Gift aÈd 33,165 7,047 6,855 40,212 38,756 INVESTMENT INCOME 2024 2023 Rents received 35,400 33,600 RAISING FUNDS Raising donations and legaeies 2024 2023 Support costs 2,586 CHARITABLE ACTIVITIES cosrs Grant funding of aetlvitles Direct Costs Support costs Totals Charitable Activity 31,437 100,000 2,539 133,976 OTHER 2024 2023 Depreciation 6,512 6,729 TRiiSTEES' REMUNERATION AND BENEFITS During the year a stipend of L? 1,000 (2023: £18,000) was paid to Rev S C San0 ter for her role as Pastor of the church. Tru5tees' expenses There were no tru5fres' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. continued...
Light of th¢ World Gospel Hall Community Church Notes to the Financial Statements - continued for the Year Ended 31 March 2024 STAFF COSTS 2024 2023 Wages and salaries 21,000 18.000 21,000 18,000 The average monthly number of employees during the year was as follows: 2024 2023 Pastor No employees received emoluments in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslrieted Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 38,756 38,756 Charitable activities Charitable Activity 6,965 6,965 Investment income 33,600 33,600 Total 79.321 79,321 EXPENDITURE ON Raising fijnds 2,586 2,586 Charltable actlvltles Charitable Activity 47.782 47,782 Other 6,729 6,729 Total 57,097 57,097 NET INCOME 2?,224 22,224 RECONCILIATION OF FUNDS Total funds brought forward 1.284,639 115,440 1,400,079 TOTAL FUNDS CARRIED FORWARD 1,306.863 115,440 1,422,i03 continued...
Light of the World Gospel Hall Community Church Notes Éo tbe FinancFal Statements - continued for the Year Ended 31 March 2024 io. TANCIBLE FIXED ASSETS Fixtures and rittings Freehold property Motor vehicles Totals COST At l April 2023 and 31 March 2024 586.181 120,281 li.000 719.462 DEPRECIATION At l April 202) Charge for year 110,438 5,862 12.828 43 241.119 6.512 607 At 31 March 2024 116,300 118,460 12,871 247,631 NET BOOK VALUE At 31 March 2024 469,881 ,821 129 471,831 At i l March 2023 475,74) 2,428 172 478,343 DEBTORS 2024 2023 Amounts falling due within one year: Otlier debtors 7,047 7,928 Amounts falling due after more than one year: Due from oroup undertakings 130,249 207,189 Aggregate amounts 137,296 215,117 12. CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 2024 2023 Other creditors Accruals and deferred income 1,200 1,861 1.200 1,772 2,972 io continued...
Light of the World Gospel Hall Cornmunity Church Notes to the Financial Statements- continued for the Year Ended 31 March 2024 13. MOVEMEIYT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrieted funds Generdl fund ,306,863 (64,876) 1,241,987 Restricted funds Restricted Fund 115,440 115,440 TOTAL FUNDS ,422,303 (64,876) 1,357,427 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 75,612 (140,488) (64,876) TOTAL FUNDS 75,612 (140,488) (64,876) Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestritted funds General fund 1,284,639 22.224 1,306,86i Restricted funds Restricted Fund 115,440 115.440 TOTAL FUNDS 1,400,079 22,224 1,422,303 Comparative nel movement in fvnds, included in the above are as follows: Ineoming resources Resourtes expended Movernent in funds Unre5tri¢ted funds General fund 79,321 (57,097) 22,224 TOTAL FUNDS 79,321 (57,097) 22,224 continued...
Light of the World Gospel Hall Community Chureh Notes to the Financial StatementS- Continued for the Year Ended 31 March 2024 14. RELATED PARTY DISCLOSURES The charity has charged Light Of The World Community Centre Limited £30,000 (2023: £30,000) for its use of the premises. The charity made a ant of £1 00,OIX) (2023: £20,000) to Light Of The World Community Centre Limited. At the balance sheet date the amount due from Light Of The World Community Centre Limited was £130,249 (2023: £207.189). 12
Light of the World Gospel H211 Community Church Detailed Statement of FTnancial Activities for the Year Ended 31 Mareh 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legaeies DonatiOTJS Gift aid 33,165 7,047 31,901 6,855 40,212 .18,756 Investment income Rents received 35,400 33,600 Charitable aetivities Grants 6,965 Total ineoming resourees 75,612 79,321 EXPENDITURE Charitable activities Wages Rates and water Insurance Light and heat Telephone Sundries Grants to institutions 21,000 219 2,038 5,631 1,091 1,458 100.000 18.000 219 2,401 3,748 1,347 1,757 20.000 131,437 47,472 Other Freehold property Fixtures and fittings Motor vehicles 5,862 607 43 5.862 810 57 6,512 6,729 Support Costs Finance Bank charges 120 120 Governance costs Accountancy and legal fees 2,419 2,776 Total resources expended 140,488 57,097 Net (expenditureyincome (64,876) 22,224 This patse does not forni part of the statutory financial statements