2025-03-31-accounts - The Light Of The World Gospel Hall Community Church

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

REGISTERED CHARITY NUMBER: 701987

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Light of the World Gospel Hall Community Church

Contents of the Financial Statements for the Year Ended 31 March 2025

		Page
Reference and Administrative Details		1
Report of the Trustees	2	to	3
Independent Examiner's Report		4
Statement of Financial Activities		5
Balance Sheet		6
Notes to the Financial Statements	7	to	11
Detailed Statement of Financial Activities		12

Light of the World Gospel Hall Community Church

Reference and Administrative Details for the Year Ended 31 March 2025

TRUSTEES J E Lawrence N J S Campbell L Green PRINCIPAL ADDRESS Light of the World Gospel Hall Gaythorne Road Bradford West Yorkshire BD5 7ES REGISTERED CHARITY NUMBER 701987 INDEPENDENT EXAMINER KJA Kilner Johnson Ltd Woodland House Woodland Park Bradford Road Cleckheaton BD19 6BW OTHER OFFICERS Rev S C Sangster, Founder P Nelson, Deaconess K A Trought, Pastor E A Smith, Elder

Light of the World Gospel Hall Community Church

Report of the Trustees for the Year Ended 31 March 2025

The Trustees present their report with the financial statement of the charity for the year ended 31st March 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities:

Statement of Recommended Practice applicable 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 feel 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 guidance supplied by the Charity Commission regarding public benefit, and applied this when reviewing our aims and objectives and in planning our future activities.

ACHIEVEMENTS AND PERFORMANCE

The Light of the World Gospel Hall Community Church is continuing to thrive in its efforts to share the gospel of Jesus Christ. The congregation also continues to thrive and meet for worship in line with the terms of our constitution.

The projects of the church are run by members of the congregation on a voluntary basis as a means of reducing cost, as we pray and plan ahead towards the planting of another church.

A newly appointed evangelism team goes out each week with the good news of Jesus Christ, and it has benefited many people who need a word of comfort, and to know that 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 vulnerable people of Bradford. The project runs every Wednesday evening and caters for over 100 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 to children and families for the sunday school.

It is anticipated that the annual church thanksgiving celebrations that were postponed because of the Covid restrictions will resume in the near future.

The church will continue to explore ways to develop a newsletter and an information booklet as a means of promoting outreach, while raising awareness of our presence and purpose in the city of Bradford through the organisation's website.

FINANCIAL REVIEW

Reserves are held to ensure the continuity of the activities of the Church. Reserves of twelve months unrestricted expenditure are required for this purpose, equivalent to £140,488 based on the expenditure for the year to the 31 March 2025.

Unrestricted reserves at 31 March 2025 were £1,182,106 (2024: £1,241,987). It is the Trustee`s intention to utilise these accumulated funds 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 both current and deposit accounts.

FUTURE PLANS

The small but vibrant and dedicated Church congregation continue to support the future planting of another Church and helping the Community. We are also considering the setting up of youth accommodation for young Christians who might otherwise be living on the street.

Light of the World Gospel Hall Community Church

Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

The church is governed by its constitution adopted 6 October 1999 and constitutes an unincorporated Church.

All trustees are appointed on a voluntary basis. Most of the workers do not receive any remuneration for their time, though a stipend is paid to Rev. S C Sangster as 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 Sangster, as founder of the organisation, with all decision making being undertaken by the church council members who make recommendations to the full membership of the fellowship in open meetings. The Council members are elected at the Annual General Meeting each year by the full membership.

The Church has established a trading charity, Light of the World Community Centre Limited, to run the Community Centre and Nursery from 1 April 2009. The limited company was registered 7 August 2008, company number 06666862, and became a Charity on 4 February 2009, Charity number 1127877.

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

The Church ensures the safety of Children and vulnerable adults by developing a Safeguarding policy for this purpose.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

..............................................................................

J E Lawrence - Trustee

Independent Examiner's 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 Gospel Hall Community Church (the Trust) for the year ended 31 March 2025.

Responsibilities and basis of report

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

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

S Hutton

KJA Kilner Johnson Ltd Woodland House Woodland Park Bradford Road Cleckheaton BD19 6BW

Date: .............................................

Light of the World Gospel Hall Community Church

Statement of Financial Activities for the Year Ended 31 March 2025

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Charitable activities 4 Charitable Activity Other 5 Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted fund £ 29,432 35,400 64,832 118,364 6,349 124,713 (59,881) 1,241,987 1,182,106	Restricted fund £ - - - - - - - 115,440 115,440	2025 Total funds £ 29,432 35,400 64,832 118,364 6,349 124,713 (59,881) 1,357,427 1,297,546	2024 Total funds £ 40,212 35,400 75,612 133,976 6,512 140,488 (64,876) 1,422,303 1,357,427

The notes form part of these financial statements

Light of the World Gospel Hall Community Church

Balance Sheet 31 March 2025

Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS	Unrestricted fund £ 350,042 77,915 757,214 835,129 (3,065) 832,064 1,182,106 1,182,106	Restricted fund £ 115,440 - - - - - 115,440 115,440	2025 Total funds £ 465,482 77,915 757,214 835,129 (3,065) 832,064 1,297,546 1,297,546 1,182,106 115,440 1,297,546	2024 Total funds £ 471,831 137,296 751,361 888,657 (3,061) 885,596 1,357,427 1,357,427 1,241,987 115,440 1,357,427

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. J E Lawrence - Trustee

The notes form part of these financial statements

Light of the World Gospel Hall Community Church

Notes to the Financial Statements for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is 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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the 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 expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable 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 costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

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

Plant and machinery 25% Reducing balance Fixtures and fittings 25% Reducing balance Motor vehicles 25% Reducing balance Signage 10% Straight line Freehold property 1% Straight line

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.

2. DONATIONS AND LEGACIES

Donations Gift aid	2025 £ 24,047 5,385 29,432	2024 £ 33,165 7,047 40,212

continued...

Light of the World Gospel Hall Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

3. INVESTMENT INCOME

Rents received CHARITABLE ACTIVITIES COSTS Charitable Activity OTHER Depreciation Support costs	Grant Direct funding of Costs activities £ £ 36,262 80,000	2025 £ 35,400 Support costs £ 2,102 2025 £ 6,349 2,102 8,451	2024 £ 35,400 Totals £ 118,364 2024 £ 6,512 2,539 9,051

4. CHARITABLE ACTIVITIES COSTS

5. OTHER

6. TRUSTEES' REMUNERATION AND BENEFITS

During the year a stipend of £21,000 (2023: £18,000) was paid to Rev S C Sangster for her role as Pastor of the church.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

7. STAFF COSTS

Wages and salaries The average monthly number of employees during the year was as follows: Pastor No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 40,212 Investment income 35,400 Total 75,612 EXPENDITURE ON Charitable activities Charitable Activity 133,976		2025 £ 22,000 22,000 2025 1 Restricted fund £ - - - -		2024 £ 21,000 21,000 2024 1 Total funds £ 40,212 35,400 75,612 133,976

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Light of the World Gospel Hall Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9. TANGIBLE FIXED ASSETS COST At 1 April 2024 and 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 10. DEBTORS Amounts falling due within one year: Other debtors Amounts falling due after more than one year: Due from group undertakings Aggregate amounts	Freehold property £ 586,181 116,300 5,862 122,162 464,019 469,881	Unrestricted fund £ 6,512 140,488 (64,876) 1,306,863 1,241,987 Fixtures and fittings £ 120,281 118,460 455 118,915 1,366 1,821		Restricted fund £ - - - 115,440 115,440 Motor vehicles £ 13,000 12,871 32 12,903 97 129 2025 £ 5,168 72,747 77,915		Total funds £ 6,512 140,488 (64,876) 1,422,303 1,357,427 Totals £ 719,462 247,631 6,349 253,980 465,482 471,831 2024 £ 7,047 130,249 137,296

continued...

Light of the World Gospel Hall Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other creditors Accruals and deferred income 12. MOVEMENT IN FUNDS At 1.4.24 £ Unrestricted funds General fund 1,241,987 Restricted funds Restricted Fund 115,440 TOTAL FUNDS 1,357,427 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 64,832 TOTAL FUNDS 64,832 Comparatives for movement in funds At 1.4.23 £ Unrestricted funds General fund 1,306,863 Restricted funds Restricted Fund 115,440 TOTAL FUNDS 1,422,303 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 75,612 TOTAL FUNDS 75,612	2025 £ 1,200 1,865 3,065 Net movement in funds £ (59,881) - (59,881) Resources expended £ (124,713) (124,713) Net movement in funds £ (64,876) - (64,876) Resources expended £ (140,488) (140,488)	2024 £ 1,200 1,861 3,061 At 31.3.25 £ 1,182,106 115,440 1,297,546 Movement in funds £ (59,881) (59,881) At 31.3.24 £ 1,241,987 115,440 1,357,427 Movement in funds £ (64,876) (64,876)

continued...

Light of the World Gospel Hall Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

13. RELATED PARTY DISCLOSURES

The charity has charged Light Of The World Community Centre Limited £30,000 (2024: £30,000) for its use of the premises.

The charity made a grant of £80,000 (2024: £100,000) 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 £72,747 (2024: £130,249).

Light of the World Gospel Hall Community Church

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Investment income Rents received Total incoming resources EXPENDITURE Charitable activities Wages Rates and water Insurance Light and heat Telephone Sundries Grants to institutions Other Freehold property Fixtures and fittings Motor vehicles Support costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net expenditure	2025 £ 24,047 5,385 29,432 35,400 64,832 22,000 295 2,078 6,261 1,576 4,052 80,000 116,262 5,862 455 32 6,349 120 1,982 124,713 (59,881)	2024 £ 33,165 7,047 40,212 35,400 75,612 21,000 219 2,038 5,631 1,091 1,458 100,000 131,437 5,862 607 43 6,512 120 2,419 140,488 (64,876)

This page does not form part of the statutory financial statements