Light to the World Ministries
Trusteesl Report
The trnstees present the annual port together with the fiuancial staments of the clwlty for the period ended
3 1 December 2017.
Objeetiveg and activities
Objects and aims
Lighi to the World Minigtries prollhote8 thE Christian Religio It provides Sunday setvieesla¢t of Worship E4t a
premises on Townsend Street adjacent to Interface within West Belf&8l and 8180 rnns weekly prayer mectings at
Conway Mill in West Belfast. fts services and meetings are open to all ond all are welcome irrespective ol their
religious or conununity background. The Ministy has plans to provide a children's club for scbool a8ed
children which will draw its intake largely from the deprived areas of Bclfast and educate childrell concetTing
the christian fBith and Cbristian values.
The PuJpose8 of the Charity
Tbe tnt'S objects (bjects"0 are specifically iestrieted to the fo1j07ng.'
(a) To advance the c11St1&n faiih , in ac¢ordan¢¢ wilh the Siatcmenl of Faith appendLxed as Schcdule l. in
such ways and ill such parts of the UDi¢ed Kingdom and the World &$ the Tntste
The charity's benefieiaries currently are the public within Northern tr¢land: ut potentially as tILe Millistiy grows it will cTrperate elsewhere in the world and benefit thc public there also. There is no private benefit to any indivtdual. The Ministry ig run by unpaid voluntrers who voIullteer their time. The Ministry grows il may decide to ernploy a part or full lime pastor in futur¢, but there are no illllnediate plans to do thi9. If this bappens it will b¢¢ause it is in the best irltcrests of the ¢haTily is necessary to enable the ministy lo ¢xpand the s¢ope of its charitable activities. Any pcrsonal benefit wiill be incidental and strictly regulated io ensure that at all times the arrangement is neces8arysnd io the interests of tbe charity. Any BJTan8emenl will b¢ r¢guJated stricily in accordonee with Arttclcs 9 and 10 of the te'S constitution and the truste¢s will ensur¢ that any POti&l COTffli¢l of int¢rest 18 managed appropiiBtely in a¢cordgmce wryth the constitution and with cl)arity law. The wid¢r public will benefit from the charitsbk work of the Ministry In spe¢ifi¢ ¢x4mples sited in the section below. tbe dIL benefits that flow from this purpose are that children from deprived arcas will benefit from the edu¢ational and r¢creaU0n activities offer by the Ministry, and have their conditions of life improved. Through th¢ir l¢iswe-time acuvities they will be encouraged to develop tlieir phy.%ical, menial, ¢motionai and spiritual ¢apacilies so that they grow to full maturity as individual8 alld members of 80¢iety* to the IneI of sociw. The unemploycd and other isolaied individuals, will be provtded with cducational and recreational f&ilities, ¢nhanLinJ4 thcir social Welf¢, ts¢kI8 social isolation, improving rhcir m¢nt&l health and wellbeing wh¢re appropriate, workin8 iow4r(Ls rnovillg inio employment aod training. Wider society will benefit from the iucreas¢d ind¢p¢Dden¢¢ of th¢5¢ individuals and decrease depeod¢n¢e on the public kalth services ond benefi The tNsiees confinn that ¢hey have ¢omplied tbe requirements of the Charitie8 Act (Northern IrelAnd} 2008 And the Accounts etc were prepared under the Charities {A¢eounts and Report5) Regul&tions (Northern Ircland) 2015 to have due regard to the public beTJefit guidan¢e published by die Charily Commission lor Northern Ireland. Structure. goN¥rn4n¢¢ ind management Na¢ure ofRovernin¥ docwnvnl Governing document is the C'onstitution prcparcd by the Trs(e¢S Page
Light to the World MlnlstrAes Trllsteesl Report Flnancial instrumenti Objectlvés andpollcles The charity'5 acliviuey ¢xpo8e it to a number of fina1] ti3ks IludIng credii iisL cash flow ri8k ajxl liquidity risk. The use of fmancidl derivaiives is governed by the chariry'8 policie8 approved by die boArd of trnsiee which provide written principles on ihe use of fu¢la1 derivative8 lo manage tlie5e riskg. Th¢ eharity does not use derivative fInaLa] instrnments for speculAtive purposes. CaJhflow rlsk The charity's ociivittes expose it primarily to the financial risks of changes in foreign currency ¢x¢hAng¢ r&te8 Tjd inieresi rates. The charily uses foreign exchange fonvard contracts and interesi rnte swap ¢Ontracty to hedge these exposures. Inter¢si bearii)g assets And liabilities are held ai fixed raK io eJLqure certyiniy of eh$h flow8. Cvdilyisk The chariiy'8 principal financial assets are bank bal8nc¢s and casb, trade and other r¢¢eivable5, and tllvestm¢nis. Th¢ ¢hariiy's ¢redil risk is primarily ottribut)ble ¢0 its trade r¢¢¢ivables. The amounts presented in the bklsnce sheei ore net of allowon¢es for doubthl ie¢eiv8bles. kn allowance for iinpaiTment i$ n)ade where Iher¢ 13 an identified loss eveni wliickn bAsed on previous experience, is evidence of d reduction in the r¢¢over8bility of the cash flows. The crcdii risk on Ilquid funds and derivaiive futhncial instrnmentg is liniited b¢¢iuse the colinteArtiCs are banks with high credit-rntin8s 8s8i8ned by international credit-r&iing &8enci¢s. Tb¢ ¢118ri¢y has no 818iiif&c8nt ¢onceDtrniion of ¢r¢dil risK with exposure spread over a 1&18e nunhber of couni¢rparu¢$ and ¢usioin¢rs. Ll¥ulrfliy rl$k In order to Inain(ain liquidily to ensure ihat suRTicteni futth ere a7]ble for ongoing operatioiu alld futttre developniertis, the ¢harity uses a MIxre of l(TrThs-teTm and short-t¢rn) debi fiiMnce. Fuither detai18 re8arding liquidity riqk cpn b¢ found in th¢ ST&ternellt of a¢countin8 policies in tlie finftncial staten)¢nt$. lkne onnual report w8& appmved by the tsws(ees of the Charity on 17* October 2018 and si8ned on its beh&lf by.. Emie Simms Trustee Trn5t¢e Heather Simn]s TnLglee Page 4
Llght to the World Mlni8trie$ Statement of Trustees, Responsibilltles The trnslees are responsibl¢ for preparitig th¢ ¢rustees' report and the ruw11 statements in #ccordaDce with ihe Uniied Kingdon) Accounting Standards Iuniied Kingdom Genera)ly Accepted A¢couDting Practice) and applicable law and reguiatioNg. The law applicable to ¢hariti¢s requires the trusitts to prepare financial stalements for each fi¢]dI period which give a ts'u¢ and fair view of the sthte of &ftairn of the chariiy and of the incoming resour¢es and appli¢ation of resources of the charity for that perii)d. In preparitig these fmallcial StalennIs. tbe tnLStee$ requii'ed to.. seleet suitHble Accounting policie5 attd then apply them eott8istenily: obs¢rv¢ the methcrtls and prin¢Apl¢8 in tb¢ chIlle$ SORTr: make jiidgemenis and estiTDates thal are re&son&ble artd pnth4 state whether applicable a¢founiitt8 Staod8rd8 hav¢ b¢on followed. subj1 w any mai¢rial d¢paffure8 disclosed and explained in th¢ fal41 sthiements. 4nd prepaTe ¢he financial statementq on the 80iD8 concern ba8is unless it i8 inappropriate ¢0 presunie that the charity will ¢ontinue in business. The tnL4tees ar¢ r¢spoMible for kttping PToper accounting records that di8cIose with reasollable accuracy &t any lime the financial posiiion of the chority and enable them to eJL$wc that ihc financial glatements comply with the ClrItIcS Act (Northern Ir¢l)nd 2008. the applicable ch1[1¢8 (Accounts and Reports) Regulati02Li (North¢m Treland) 2015. and the provisi0rt8 of the COQ81ilUtion. The mtstecs are also responsible for 8af¢8ugrdin8 the ¥s$¢t8 of the chariry and I¢ for taking re48onAbl¢ $w)$ for the prevention and d¢t¢¢lion of fraud atld other im'Buloritl¢8. Approved by the ttu¥tees of the thariiy on IP October 2018 signed on its behalf by. Ernie Simm8 l-roslee Trugw. (. ather Simm5 TNstee Page4 L