Cljarity registration number: NtC104320 Light to the World Ministries Annual Report aod Fitianc1 steMeftts for the p¢riod from l jll8ry 2017 J l December 2017 J A Mc Clements & Co Independent Exan)iner Unit 25B Balljinena Busin& Centre 62 Fenaghy Road GalEorm Ballirynen& Co Antrim BT42 IFL
Light to the World Ministries ConteDts Referellce and Adminigtrative Details Trustees, Report 2to3 Slat¢ment of Tnjstees, ReSpolbIlItieS Indapendent Examinerfs Report 5t06 Sl&t¢mertt of FinonciAI Activities Balance Sheet Notes to the Financial Statements 9t0 11
Light to the World Ministries Reference and Admlnistratlve Details Trllsteey Emie Siu)ms Heather Simms Hugh LDgan Louiye LA)g4n Prlnclpal Offi¢e ToHThsertd Presbyterian Chvr¢h Hall Charlty Reglstratlon Number NIC104320 IndependeJJt F.%amlner J A Mc Cl¢rnenL¥ & Co Independent Examiner Unit 25B Bullymena Busio¢ss CeniT¢ 62 Fenaghy Road CJalgont] BtLllymen Co Antritn BT42 IFL Pa8t%
Light to the World Ministrie5 Truslees, Report The trStee present the atjnual rcport together with the fiDallcial slatements of tbe cl]arity for the pcriod ¢nded 31 Dec6rnbEr 2017. ObJt¢tlvts aedvltles Objgcts aims Light to the World Mini8tri¢8 promote¥ th¢ Chtistian Religion. It provides Sunday smice&lAct of Worship at a premises on Townsend Street adjaccni to Interfocc within Wesi BelfasL and also runs week]y prayer mee1ings at Conwpdy Mill in West Helfast. Its services and medings are open to all and all are welcome IespeCI]ve of dieir rcligious or community background. The Ministry has plans to provide a chiidrcll's club for school aged children which 11 draw its intake lar8ely from th¢ d¢prived arw of Belfayt and Educat¢ children coo¢erning the Christian faith aTKi Christian values. The Purpo8¢8 of the Charity The ¢nJ8¢'s obje¢Lg e'Obj¢¢ls"O are 8pecificaUy restricted to the following.. {) To 8dv8nce the Christian faith , in occordance with the Statement of Faith app¢ndix¢d as Schedule l. in Such way8 and in 8uGh p&rt$ of the United Kingdom and the World as the Tntee5 from time to time mE4y think fit. Ib) To provide opportuniues for Christians irrespective of their denomination or background io come iogethcr in prayer and fellowship (¢) To Adi'anee any other exclusively chatirable purpose or purposes. a8 the tn]ste¢8 may tbink fi¢ which are. or here&fter may be deemed chArithble under the law of Northem Ireland. Publle benefii The direet benefit that from this purposes the promorion of the Christian Faith and in¢reas¢ in access to (.'hrislian Ministry and public acts of worshtp *thieh engages individuals in religious pt8¢ti¢¢. Th¢ miiii3try 18 inclusive and welooming Lo All to all and r¢a¢hes out ld inoludo5 thos¢ who may no( oth¢rwis¢ engllg with organi8¢d religion. Religion is re¢ognised as having the power to transform peopl¢'$ lives on a peThonal lev¢l, and lielps provides moral and ethical frwiiework For people io live by. As gu¢h in tern of public benefit it can also play an iMportt part in building a better so¢i¢iy, The Mini8ty ha5 started its work iu irtlerfacc ItKlltioi)s withill We8l Belf&st wliich it fccls most Lceds its minisLry. It will A180 b¢ encoura8ing its congre8ation to be to b¢ involved in oth¢r in other charitable work to be benefit of tkig wider comjnunity, and is reacbing out to members OF the communily who would othetivise not attend & bhurch or take part in organi8ed religion. By pri)viding opponuniues for people from different denominatio11 background8 io Come together in pr&yer and frllowyhip it is hoped to quietly work to build ioleraD¢e Ulldetstsndi and bring u sense of fellowship between Christians from different denominational and cultural backgrounds. within highly segre8&ted 2rea8 of West Belf¥L8L The Ministy currenily provides public a¢18 of Chrislian worship such a3 Sunday Services and prayer meetings. It holds a Sunday Serwic&lpublic acrs of Worship at PTemises on Townsend Street adjacent to an InterfaGE within West Belft. Its ServiG¢s and meetitigs arc open to all and aLI are wrIc0C ittespeGliVe of theit lIgiOuS or oommunity background. The Ministy plan5 to provide a children's club fot school aged childre]4 which will draw its intake largely from deprived are48 oÉBelfast alld educatc chiidreD concernillg the Cbrisiian faith and Cbristian values. There is llo harllL Pag¢ 3
Th¢ charity's beneficiarie8 alrrently are the pubiic within Ireian ut potentially as the Ministy grows il will op¢rat¢ e18¢wher¢ ID the w(Trrld and benefit the pubiic there a]so. There is no private benefit to any individual. The Ministry is by UnPd volunteers who volunteer their tirne. The MiDiStry grtsws it tnay decide to ewloy a part or full time P&SfDr in fvwre, but there are no inunediate plans to do this. If this happen5 It beca it is in the best it11ets of the chan'ty and is necessary to enable the n)ini8try to expand the sc(Trpe of its ¢h8ritable Any personal benefit will be incidentsl and Stri¢tly regulated to etL8ure that at all times th¢ arrHDgemeD¢ is ne¢e88ary and in the interests of the charity. Any arrnngern¢nt Nryll bc rcgulatd strictly in arxordancc with Articles 9 and 10 of the trust's congtitution and the trnstees will ensure that any pOtlia1 conflict of inieresi is ll1ed appropriately in accordance with the constitution and with charity law. Th¢ lder public bfit fTom the ¢lJarirable work ofthe Ministy In specific exarnplcs sit¢d in thc ycction below, the direct benefits that flow frorn this purpose Are that children from deprived areas will benefit from the educational and recreational activities offer by the MTni8ty, have their conditions of life improi'ed. I'hrough thetr leisure-iime aetiviiies th¢y will be en¢tsuraged lo develop their physi¢o1, mental, emotio] and spiriwal ¢ap4¢its¢S so that they grow to full n)awrity as individuals and mevibers of so¢iety, to the beneflt of society. The unemploy¢d and o¢ts¢r isolated individu41& will b¢ providcd with cducational and rccrearional facilities, enhancing their social M'¢lfar¢, t8ck]ing 30cial isolalion, improvjng theiT Inental health and wellbeing and wher¢ appropri8tc, working ¢oward$ nwving into cmployment ond training. Wider wciery will benefii from the increa8¢d independe¢ of these individuA18 and decTe&8¢ dqKndence on the public health 8ervices and benefits The trLiSte¢8 eonfimi that they hAve eomplied th¢ requiT¢ni¢nts of the Cbarities Act (Northem Irel8J)d) 2008 And the Ac¢oun18 ¢t¢ were PTepurcd under the Charitscs (A¢ci)unt8 and Rcportsl Regulations INorLhern Irel&nd) 2015 to have due regard to the public benefit guidance published by (he Clwiiy COMI16910 for NorLhLm Ireland. Structure• governance 8nd m&rtagement Naliire ufgov¢rniAg documenl Gov#rnin8 doLumeni is the ConytiliO prepared by the Tn Page
Light to the World Ministrles Trustee5' Report Fln8Ld#l Instruments ObJeciive.Y findpollcles Th¢ Lharity's acuvilie8 expose it to k rtumber of financial ri8ks including rr¢dit r CAsh flow risk ld liquidity risk. The use of financial derivauve5 15 govemed by the chariry's policies kpproved by ihe b02rd of tsustees, which provide Myiiien principles on the u8¢ of fuwncial derivative5 to nnage thes¢ risks. The eharity does not use deriY&tiv¢ financijl instsuments for sp¢cultttive purposes. CvsliJ7fiiv rlsk Thc Gharity's activtiies expose it prim4rily to the fjnanctal risk8 of chJnge8 in foreign ¢urren¢y ¢xchJnge rat¢s id int¢rc$t rates, The clwity uses forei] exclJ&nge Cotivard contracts and interesi rate swap ¢ontra¢t8 10 hedge thesc exposureg. Interest bearing asseis and liabililtes are held ai fixed roie U16UTe ¢¢rtAinry of G48h flows. Cr11$* 1.he charity'$ principRI financial a8seis are bank b&lan¢e8 and cash, de and other receivable8, and inve¥tmen1s. The chariry's credii risk is primarily attribuiable to trade rtt¢ivabl¢s. Th¢ hillollttts presented in the bAlttnce shed are net of allowanccs for dryJbttul receivablcs. An allowance for impairni¢ttt 15 rne wher¢ th¢re 18 an id¢niified1098 ev¢nt whic14 based on w¢vious exp¢rience. is evidence of a reducuon LTI the recoverability ofthe C&8h flow8. I'lie credit risk on liquid funds 8t derivative fwan¢ial instruments ts limiied because the ¢ounterpat1its are banks with high credit.raiin85 ]gned by iniernaiiood er¢dii-raiin8 88encies. The charity hai no %ignifi¢ani conceniration of ¢redit risk. with ¢xposure spread over i lar8e number of count¢rpartie8 atsd euxtomers. Ll¥iildlty rlsk In QTd¥r to m8iniAin liquidity io ensure thai suffiei¢nt filrtds Are available rot on8oing operatiON4 &nd fiJtur¢ developmenis, the charity Uses a Inixture o(IonB-tenn and short-tcrni dEbt finance. Further deiftils reBardin8 liquidiiy ri8k can be found ID the Stotenicni of aeeouAiill8 polici¢s in the fin&tI&l 8t&iemenls. Tlie annual report was approved by Ihe tru51e¢s of th¢ ¢harÉty on 17 O¢iober 2018 and 8i8n¢d on it8 behalf by.. EDiie Simm8 Trustee Tntee H¢ather TwstE¢ Page 4 (LD
Llght to the World Mlni5tries Statement of Trustees, Responsibillties The m18tees are respongible for prepfiting the tnutees. report and the slat¢m¢nts in accordall¢e with tbe Uniied Kingdom Aounting Sta]thrds Iunited Kingdom Generally Acc¢pted Accounting Practic¢) )d applicable law and re8ulaiion The law applicable to charities requires the trusttts to prepare fina11 statements for Each finoncial period whiGh 8ive ll trne and fair view of the State of Affairs of the charity al of the inconiing resources and appliLation of resources of the charity for thai pwiod. In pr¢poriD8 these financial statetnents, the trngt¢e$ a r¢quired to,. $e]eLt 611ithble ac¢ountiug policies and then apply ihem cornistently,. observe the method8 principles in the Cbarities SORP; make judgements and ¢$timaies that are reasonable and prnden4 Btste whether applic4ble accouutinB slAlldards have been followed, subject to any material dep8the9 disclosed and explained in th¢ fllMn¢io1 $iat¢m¢DlS; aod pr¢phr¢ th¢ finanLial statements on the 8oin8 concem bAsts unless it 18 Inappropriate to pre9ume that the harity will Lottlinue in business. The trus¢e¢$ are re8pongible for keeping proper accounling TordS thal disclose wilh r¢gson4ble a¢¢ura¢y at any time the fiiian¢ial position of the charity and ellable ihem io Ure iiiat the fuMiKial statements ¢omply with th¢ Cliarities A¢t (Northen) Ir¢latJd 28, the applicable Clwitiey (Accounts and Reports) Re¥ulg4tions (Northern Ireland) 2015, attd the provisions of the consiiiulion. lle uvs(tts are ttlso responsible for 8afe8u8rdii)g the AS1 of the charity ind hence for iakin8 r¢asonable steps for the prevention and detection of fraud and other knT¢gulariueJ. Approv¢d by ihe tnttt8 of the ¢IllY on 17th O¢iober 2018 8ign¢d on its beIlf by.. Ernie Simms TAstee ather Simn]8 Tru8t¢e Page4 Lts•
Independent Examinerfs Report to the charlty trustees of Llght to the World Ministries I report on the accounts of the Light to the World Ministries for the year ended 31 December 2017. Which are set out on page5 01 to 05. Respectlve responsibilities of the charlty tNstees and examlner. As the ch"arlty's tnjstee you are responsible for the preparation of the accounts in accordance with the Charitie5 att (Northern Ireland) 2008. It is my responsibility to examine the accounts under section 65 of the Charities Art follow the procedures laid down in the general Directions given by the Commisslon under section 6519}b of the Charities Act state whether particular matters have come to my attention. 8asls of Independent Examlnerfs Report I have examined your charity accounts as quired under section 65 of the Charities Act and my examinatlon was carried out in accordance with the general Directions Eiven by the Charity Commission for Northern Ireland under sectlon 65191 Ibl of the Charitles Act. My examination included a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeklng explanatlons from you as charity trustees concernin8 any such matters. My role is to state whether any materlal matters have come to my attention 8ivin8 me cause to belleve: l. that accountings records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with these accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Page5&6
Independent Examlnerfs Statement I have completed my examination and have no concerns in respect of the matters111 to14} listed above and, in connection with the following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawin8 to your attention. Tony Mc Cl ments J A Mc Clements & Co FIPA Unlt 25B Ballymena Buslness Centre 62 Fenaghy Road Gal8orm Ballymena BT42 IFL Page5&6
Light to the World Ministries Receipts and payments accounts 01101121117 3111212017 IIIC 104320 or J A M¢ Clements & Co Section A Receipts and payments Vnr¢strl¢tL'd funds RestrScted EDdomeDt fullds To141 funds L$t year tothe ne•res¢ to the Dearert to the nearest to the ne•rut to the neAre$l £ A1 Rocolpts Oonglion5 & legac & oiferfrus Granls 14 Fundrfilslng tIvItieS Intere51 on dep05il vcwunt 01v1d on Invèsimants Mernb6rs' Subscrfptlons Ch8rilailo IrdlTrg rec8 Renw rrom land & bU11nl 0er charilabla recdpts ncome Annu81 Roluml 1,814 1.814 1,667 A2 Aa%•t and Invtstmpn¢ ial4¥1¥0 tables 18nd 2 In secllon T ollhe piild8nc81. Proceeds frorn Sa offlxed a888t Lofj r¢p8ymni8 i•¢wved A? Sub tot•1 Totalrn6•lpt$ l J14 1,814 A3 Piymènts Co81 of lundralslrrfj w8nt8 Gro$$ Iraijlno Po019 Invgsimenl management co$ts D.'recl char118bl8 xlw Grgnls 8 dona1k) p8kl Governanco costs Olher¢o8ls 1,284 1,284 lJ50 530 530 317 AJ Stsb totsl 1.814 1,814 1,667 A4 Asset and Inv89tment purcha8•8 f801gs l 21n seGtw Toflh uld8ncel Purch98e ol Inve¥lmw#5 Loans madè A4 Sub total Totslwyments 1014 1,814 1,667 Nat of yeIptS/(pByrn0n1s} A5 Transl8r9 between funds A6 Cajh funds lat ythr end Cash lunds th1$ ytr•r end Page7
Llght to the wo Mlnl3trl$ NIC 104320 Section 8 Statement of assets and liabilities at the end of Ihe period Perlod end d3t8' 31F12WdT Unro$trt¢ lundy Rostd¢i•d funds Ca19gTrflBS Dètsiis fund Total fund$ Last yg•r to lo nvar•Btt Bl C86h fund8 Curwi 06pD$ItL Total cash funds OK OK Uhrèbtrietod R•btllctsd fund8 fund$ tO(IW•tE Total fun¢h Lajt yoAr to n¢vq91£ Delall CknarLiblbloan T4Are-14imduq B2 Olhor rnonotwy To Currnrtt ¥WU• Delalls L••t 04r B? Inv•8tm•nt iii• TDtsI iowNGh •wtb•lo Cwr•nivalu• tlo B4 A6B8ts r61alned for th• Gh¥rlV• own R•gW¢410 To vur410ph Mab41 RMJiaad Amourfduo La To Slgnod by two leo3 M behalol•l th&iwt••J Swure Prfnl N D81e of opproval 1511018 statewemolba&nce5
Liylit 10 Ihè Worfd MlnlstriÈs- NIC 10432D Section C Notes to the Accounts P$iiod end d)t.' 31112Q017 C1 Nature and purposo of funds (may b8 St8t8d on anaIlS offunds worksheets) Unr8siitciwJ furKis avwkblefDr gellernl rAJrwse¥ in 8ccordarrt8 the ¢h8rftS purposes. T Cutns ar orf8rng$ 8rn lo fund tw ¢Athe hall erKI th8 balanc4 881$ lo fund saary ofkne Min'.ster aThY Guest SreAkern8ThY conlritthg to weJ8ctafKI 8thnlnistrdllan c05ts. Thro15 no r8Str,ci8d funds In 8ilh8r y8ar Type ol icll¥ltyw pr4e¢l ¥ur4Mt4d IIM maLIg C2 Grnnts Ttstsi Auth ndol whlch Id C3 Trusto• rgmunoratlon. detall8 MLmb•rol truits C4 Truts• eXn$I. do1•11• Nature ol rqlatlfmshl Nature of Iran50¢On owtandlty at C5 Tranactlon• wtth tru81008 and conn8Gtèd porson8 C6 Other Information
Llohl IQ thewomo M.1rt1¥trtes-NIC 1043 Pvrrd Erd 4TtE' 31Y2WIT Additlonal analysis {11 Analyals of Mcolpts &nd pByrn•ntB 1 Don•ib TatsloLYT•nt p• pth 7rAallui fvn Onv¥t£ t)ff0drw8 1114 1,814 1,814 1.607 OK 2 Gr•nts f¥hdv od To1•1 OK OK ? Orom ree•lpt•fmm olh•reh•rtt•bl••¢iJvllS1• ft•DlM¢nd• roW curr•nl PDrtod nth 4 Paym•Thl• Mlatlng dlr¢tty to ¢h•rtibl& Toknlvjrrthl pqrtod toMrntE lun 700 432 72 452 12 AdffllTr¥lr&lll & looo tor To¢#1
Addilional analysis121 5 Broakdown ol rgstrkl&d fund5 T47t fvnd• p•rtod R¢cvlpt Leo)¢1g9 R4calW from fvrdral G(o£#'tradin rec Rotts fvum'¥rMI & buNdln GroiÉ FfjC8lmsfrom Sub totsl dsfmm iqle 01Xed as89k• leo sub lor1uTh1rd mert Inyosltngnirn Puyinynts rolthi diwti to Grun1¥ uivj dona)orns Q¢v8m¥[KeIt 01 Sub PaymDnt• rnl•Ung lo ••s•t Ind InvMtm•nt mvv•m•nl• PwcliuSEts OIW amets Purch20eollnvatherts Sub lo141 TraMl•r• ¢¢1 Ilvoml fvnd• SurpJLM I{¢W lory••r NAture and 6* olfundts