HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11[TH] NOVEMBER 2023
CHARITY REGISTRATION NO. 1064107
J & T LEXINGTON SERVICES LIMITED 8 HOLME CLOSE, REDHILL GRANGE WELLINGBOROUGH NN9 5YF
HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
INDEX TO THE FINANCIAL STATEMENTS
PAGE
10 - 12 Notes to the financial statements
HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
LEGAL AND ADMINISTRATIVE INFORMATION
Registered Charity number 1064107
Trustees
Eric Kamau Jane Warui Jeremiah Murungi
Registered office
7D PERRY VALE FOREST HILL LONDON SE23 2NE
Accountants
J & T Lexington Services Limited 8 Holme Close, Redhill Grange Wellingborough NN9 5YF
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HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 11TH NOVEMBER 2023
The trustees have pleasure in presenting their report and the financial statements of the charity for the year ended 11TH November 2023. House of Divine Solutions International Ministries has been operating as a registered charity within the UK since 26[th] August 1997
TRUSTEES
During the period of accounts the same trustees as last year held office.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The governing document of the charity is the Trust deed adopted 26[th] April 1997 and as amended by a resolution dated 11[th] July 2008.
The charity appoints new trustees when required to strengthen the board and replace retiring trustees. New trustees are required to attend training sessions as part of the induction process. The charity has Committees, which meet periodically and which are responsible for the strategic direction and policy of the charity.
RESERVES STRATEGY
The trustees aim is to achieve unrestricted funds sufficient to cover the resources expended for a period of between three and four months. This is yet to be achieved.
RISK REVIEW
The trustees conduct periodic reviews of the major risks to which the charity is exposed and systems and procedures to manage those risks identified are implemented so as to minimise any potential impact on the charity should any of those risks materialise.
PUBLIC BENEFIT
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that is for the public benefit. The Trustees confirm that they have paid due regard to the Charity Commission’s guidance on public benefit before deciding what activities the charity should undertake.
PRINCIPAL OBJECTIVES AND ACTIVITIES
The objects of the charity are set out in the constitution as follows:
To advance the Christian faith in accordance with the statement of beliefs in such ways and in such parts of the United Kingdom or world as the Trustees from time to time think fit, to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or world as the Trustees from time to time think fit and to advance education in such ways and in such parts of the United Kingdom or world as the Trustees from time to time think fit.
ACHIEVEMENTS AND PERFORMANCE
Fulfilling the objects in teaching, preaching and showing practical care in the community. This was both in the normal teaching in the church on Sunday, which are open to all.
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HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 11[th] November 2023 (Continued)
Midweek meetings for the church members and also by running specific courses to address particular aspects of Christian living which is open to the wider community; all of which are provided without charge. The aims of the teaching, preaching and discipleship programs include the impact upon lifestyle arising from following the teaching of Christ to love God and your neighbor as yourself. Sunday meetings averaged around 200, with most of those involved in mid week meetings through the year. In addition a number of members of the community attended other courses over the year. Bringing the love of Christ to the community in running courses for those who wanted to find out about Christianity. In addition a number of people were baptized in the year.
Impacting the next generation . Alongside volunteer members of the church have fully helped outreach to our friend churches. They have also led volunteer programmes on music, youth programmes and children.
. The “Mothers in Need” Practical help to the community project continued - involving providing practical help to single mothers in parenting, domestic practical help and, above all, time to be there. This was entirely undertaken by volunteers. Also we have the Angel box that feed the community members in needs and the church members as well.
The members of the church have consistently been applying the principles of church life outlined in the New Testament outlined earlier to be "salt and light ‟ in the community, in the places they live and work and in having an impact on social at udes in wider national society. This is a very major part of the purpose of the church and much of it is done without publicity and the amount of time spent in this way cannot be quantified.
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 11[th] November 2023 (Continued) RISK MANAGEMENT
All major insurable risks are subject to normal Churches and employers insurance. Contractual risks are reviewed before being entered into to assess that they could not significantly impact upon the Churches ability to fulfill its objectives. An annual review of areas of risk is undertaken by the Trustees in conjunction with staff and volunteers responsible for the area of activity.
Regarding the ministry finances in 2022/2023 the resources were used effectively to achieve the ministry objectives. The accounts show a deficit of £1,678. ( 2022 surplus of £5,296).
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HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
Charity law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the income and expenditure of the charity for that period. In preparing the accounts the charity is required to:
· Select suitable accounting policies and then apply them consistently
· Make judgements and estimates that are reasonable and prudent
· State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
· Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in the business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable it to ensure that the financial statements comply with the Charities Act 1993 as amended by s.28 Of the Charities Act 2006. They are also responsible for safeguarding the assets of the charity
and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the trustees on the ………………….. 2024.
And signed on their behalf by;
JANE WARUI
TRUSTEE____
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HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
I report on the accounts of the church for the year ended 11[th] November 2023 set out on the following pages which have been prepared on the basis of the Accounting Policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the charity are responsible for the preparation of the accounts. The charity’s trustee consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:
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1) Examine the accounts under section 145 of the 2011 Act.
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2) Follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act) and
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3) To state whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the church 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 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention:
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(1) Which gives me reasonable cause to believe that, in any material aspect, the trustees have not met reasonable requirements to ensure that:
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Proper accounting records are kept (in accordance with section 41 of the Act)
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Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act: or
(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Joseph Kinuthia CPA, DMS, MBA J & T Lexington Services Ltd 8 Holme Close, Redhill Grange Wellingborough NN9 5YF
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HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
STATEMENTS OF FINANCIAL ACTIVITIES
For the year ended 11[th] November 2023
| For the year ended 11th November 2023 | ||
|---|---|---|
| Note | 2023 | 2022 |
| £ | £ | |
| Incoming Resources 2 |
||
| Incoming resources from generated funds: Voluntary income |
31,876 | 38,899 |
| GRANTS | 1,500 | 14,980 |
| Gift aid | 7,590 | 9,720 |
| Total Incoming Resources | 40,966 | 63,599 |
| Resources Expended Cost of Generatng Funds: |
||
| Charitable Activities | ||
| Donatons | 4,517 | 2,803 |
| Management and administratve expenses 3 |
19,163 | 40,601 |
| Travel & Subsistence | 6,998 | 4,883 |
| Hospitality & Welfare | 10,996 | 9,158 |
| Bank charges | 470 | 358 |
| Governance costs 5 |
500 | 500 |
| Total resources expended | 42,644 | 58,303 |
| Net incoming/ (outgoing) resources | (1,678) | 5,296 |
| Balance carried forward at 11th November 2023 | (1,678) | 5,296 |
There were no recognised gains or losses in the year. All activities derive from continuing operations.
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HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
| Balance Sheet as at 11th November 2022 | Balance Sheet as at 11th November 2022 | ||||
|---|---|---|---|---|---|
| Note | 2023 |
2022 | |||
| £ |
£ | ||||
| Fixed assets | |||||
| Tangible fxed assets 6 | 9,286 | 9,103 | |||
| Current assets | |||||
| Debtors 77,590 | 9,720 | ||||
| Cash at bank and in hand62 |
435 | ||||
| 7,652 | 10,155 | ||||
| Creditors - amounts falling due | |||||
| within one year 8 | (500) |
(500) | |||
| Total assets less current liabilites | 7,152 |
9,655 | |||
| Net assets | 16,438 |
18,758 | |||
| Bank loan | 16,929 | 17,571 | |||
| Funds | |||||
| Unrestricted funds bought forward | 1,187 | (4,109) | |||
| Surplus (defcit) for the year | (1,678) |
5,296 | |||
Unrestricted funds carried forward |
16 ,438 |
18 ,758 |
|||
These financial statements were approved by the Trustees on the ……………………. 2024 and are signed on their behalf by:
JANE WARUI
Trustee____
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HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
The notes on pages 10 to 12 form part of these financial statements
Notes to the financial statements for the year ended 11[th] November 2023
1. Accounting policies
a) Accounting basis
These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Act 1993 and the Statement of Recommended Practice on Accounting by Charities published in March 2008. The adoption of the revised SORP has resulted in reclassification of some items.
b) Incoming resources
i) Voluntary income
Voluntary income is received by way of Tithes offerings, donations and gifts and is included in full in the Statement of Financial Activities when receivable.
ii) Bank interest
Bank interest is included in the income and expenditure account on receipt.
c) Resources expended
All expenditure is accounted for on an accruals basis.
d) Fixed assets and depreciation
Fixed assets are included at cost. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life using the reducing balance method. Furniture & Fittings at 6.5%, Equipments at 12% annum.
e) Restricted and unrestricted funds
Income received for restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated. Restricted funds are those funds which represent grants and donations for a specific purpose. Upon full performance of the purpose of the grant, any surplus is then retrievable by the donor. Income generated for the objects of the charity without further specified purpose is allocated to unrestricted funds. Accumulated surpluses may be retained by the church and are expendable at the discretion of the trustees in furtherance of the church’s objects. There were no restricted funds during the year.
f) Designated funds
Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees’ discretion. There were no designated funds during the year.
g) Irrecoverable VAT
The church is unable to recover VAT since it does not make taxable supplies. The cost of irrecoverable VAT is not separately analysed in the financial statements.
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HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
Notes to the financial statements for the year ended 11[th] November 2023 (Continued)
h) Cash Flow
The church has taken advantage of the exemptions in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small church.
2. VOLUNTARY INCOME
Tithes and oferings Grants Gif aid reclaim 3. PROVISION OF CHURCH SERVICES Rent Telephone Salaries & wages Insurances Repairs & Maintenance Advertsing Printng and statonary Utlity bills Mission Professional fee Depreciaton of fxed assets Total provision of church services 4. MANAGEMENT AND ADMINISTRATION Professional fees 5. GOVERNANCE Accountancy fees |
2023 £ 31,876 1,500 7,590 40 ,970 2023 £ 2,300 3,340 7,200 1,020 - 309 2,699 55 - 1,012 1,228 19 ,163 2023 £ 1,012 2023 £ 500 |
2022 £ 38,899 14,980 9,720 63,599 2022 £ 15,125 1,833 8,870 1,327 1,506 642 1,980 387 3,230 4,500 1,201 40 ,601 2022 £ 4,500 2022 £ 500 |
|---|---|---|
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HOUSE OF DIVINE SOLUTIONS INTERNATIONAL MINISTRIES
Notes to the financial statements for the year ended 11th November 2023 (Continued)
6. Tangible fixed assets
Cost At 12thNovember 2022 Additions At 11thNovember 2023 Depreciation At 12thNovember 2022 Charge At 11thNovember 2023 Net book value 2023 Net book value 2022 |
Fixtures & Fittings £ 1,060 - 1,060 453 39 492 568 607 |
Fixtures & Fittings £ 1,060 - 1,060 453 39 492 568 607 |
Church Equipment & Insruments £ 17,953 1,411 19,364 9,457 1,189 10,646 8,718 8,496 |
Total £ 19,013 1,411 20,424 9,910 1,228 11,138 9,286 9,103 |
Total |
|---|---|---|---|---|---|
| 7. Debtors HMRC – Gif Aid claimed |
2023 £ 7,590 |
2022 £ 9,720 |
|
|---|---|---|---|
| 8. Creditors falling due within one year |
2023 £ |
2022 £ |
|---|---|---|
Other creditors and accruals 500 500
9. Financial commitments
Capital commitments
The church had no capital commitments as at 11[th] November 2023.
Operating lease commitments
The church had no operating lease commitments as at 11[th] November 2023.
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