2021-09-30-accounts - Iglesia De Dios Ministerial De Jesucristo Internacional

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Charity Number : 1109326

IGLESIA DE DIOS MINISTERIAL DE JESUCRISTO

INTERNATIONAL

Accounts

30 September 2021

IGLESIA DE DIOS MINISTERIAL DE JESUCRISTO INTERNATIONAL Contents

	Page
Trustee information	1
Independent examiners report	2
Trustees report	3
Statement of Finacial Activities	4
Balance Sheet	5
Notes to the accounts	6-9

IGLESIA DE DIOS MINISTERIAL DE JESUCRISTO INTERNACIONAL Business Information

Trustees

Mrs Julieta Duque Cuartas Mr John Mauricio Londono Rios Mrs Lisbeth Vivian Zuleta Castro Mrs Martha Lucia Martinez Garcia

Accountants

G C Forest & Co 190 Billet Road London E17 5DX

Bankers

Lloyds TSB Bank Plc High Street Colchester Essex

Church Addresses

Unit W44 Grove Business Centre 560-568 High Road London N17 9TA

1st Floor, South Wing The Chartwell Building Paulet Road London SE5 9HW

Lansdowne Hotel 1 Lansdowne Road Croydon CR9 2BN Kings College Southway Guildford GU22 8DU 31 Palmerston Road Southampton SO14 1LL 33 Lanrick Road London E14 0FE

Hammersmith Academy 25 Cathnor Road London W12 9JD Harris Academy Ashley Road London N17 9LN

Iglesia De Dios Ministerial De Jesucristo

Independent examiners report

to the members of Iglesia De Dios Ministerial De Jesuchristo

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my reponsibilty to:

examine the accounts under section 145 of the Charities Act.
to follow the procedures laid down in the general directions given by the Charity Commision (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with general directions given by the Charities Commission. An examination includes a review of the accounting records kept by the charity 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to wether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent Examiner's statement

In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in, any material respect, the requirements:

to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities SORP (FRS102) have been met.

George Christodoulou for and on behalf of G C Forest & Co Chartered Certified Accountants 190 Billet Road London E17 5DX

190 Billet Road London E17 5DX

6 May 2022

Iglesia De Dios Ministerial De Jesucristo Report of the committee for the year ended 30 September 2021

The committee presents its report and audited financial statements for the year ended 30 September 2021. The annual report and independently examined accounts comply with the charities Act 2011 (Section 162), and the Charities SORP (FRS102).

The charity is registered with the Charity Commission under charity number 1109326.

Charitable objectives

The church opens daily and provides three different types of service; teaching, bilble study and worship.

The charity currently operates from seven different sites as detailed in the information section. The charity continues to endeavour to reach out to more people in the community and to make steps to open more branches to serve other communities.

Structure, Governance and Management

Governing Document

Iglesia De Dios Ministerial De Jesucristo is a registered charity governed by its elected assembly. Membership is open to any individual, family or organisation interested in promoting the objectives of the charity. Interested people can apply to the Management committee or be voted in at the AGM.

Appointment of Trustees

Interested people can apply to the Management committee or be voted in at the AGM. Trustees are then interviewed and then a National Assembly will cast votes to elect a new trustee.

Organisation

The Board of Trustees has four members administering the charity. The board meets every four months to discuss and take decisions on behalf of the charity.

Related parties

Two trustees receive remuneration for their work with the charity, J. M. Londono and J D Cuartas. Any connection between a trustee or senior manager of the charity with any contractor must be disclosed to the full board of trustees. In the current year no such related party transactions were reported.

Financial activities and results

The charity's collections rose from £673,560 in 2020 to £695,804 due to the churches reopening after the Covid-19 pandemic, but the direct debits were maintained and increased.

The charity's aim for the forthcoming year is to continue to grow and increase collections by expanding its London base and to set up meetings outside of the London area to make it possible for the charity to reach out to more people spiritually.

The charity is also looking to set up more meetings in other parts of the United Kingdom in the coming year to meet growing demand.

This report was approved by the board on 6 May 2022

Mr John Mauricio Londono Rios Chairperson

Iglesia De Dios Ministerial De Jesucristo Statement of Financial Activities for the year ended 30 September 2021

Incoming resources
Notes
Charitable activities
Collections and donations
3
Investment income
4
Other operating income
5
Total incoming resources
Resources expended
Charitable expenditure
Donations
6
Wages and salaries
7
Premises costs
8
Central support costs
9
Total charitable expenditure
Net incoming resources
Funds Brought forward
Funds carried forward
12

Unrestricted
Restricted
Funds
Funds
Total
Total
Total
Total
2021
2021
2021
2020
£
£
£
£
695,804
-
695,804
673,560
50
-
50
190
54,225
-
54,225
74,738
750,079
-
750,079
748,488
12,601
-
12,601
14,063
191,703
-
191,703
199,934
172,343
-
172,343
187,477
73,996
-
73,996
76,819
450,643
-
450,643
478,293
299,436
-
299,436
270,195
721,281
-
721,281
451,086
1,020,717
-
1,020,717
721,281

The statement of financial activities includes all gains and losses recognised in the year

All incoming resources and resources expended derive from continuing activities.

IGLESIA DE DIOS MINISTERIAL DE JESUCRISTO INTERNATIONAL Balance Sheet as at 30 September 2021

Notes Fixed assets Tangible assets 2 Current assets Debtors and prepayments 10 Cash at bank Cash in hand Current liabilities Trade creditors/accruals 11 Net current assets Net assets Funds of the charity Restricted funds 12a Unrestricted funds 12b Freehold reserve 12c Total funds	30,227 979,165 341 1,009,733 10,422	2021 £ 21,405 999,311 1,020,716 - 940,716 80,000 1,020,716	37,082 672,385 173 709,640 15,293	2020 £ 26,934 694,347 721,281 - 641,281 80,000 721,281

I approve these accounts and confirm that I have made available all relevant records and information for their preparation.

Mr John Mauricio Londono Rios

6 May 2022

IGLESIA DE DIOS MINISTERIAL DE JESUCRISTO Notes to the Accounts for the year ended 30 September 2021

1 Accounting policies

(a) Basis of preparation

The financialaccountsstatementshave beenhavepreparedbeenunderpreparedthe undehisto r icalthe cohi st oricalconventioncost conventionand in accordaand i n ceaccordancewith the Financialwith the ReportingStatement of Recommended Practice (SORP),Standard for Smaller Entities (effective June 2002).'Accounting and Reporting by Charities' issued in March 2005.

(b) Fund accounting

The funds held byThe funds held by the Charity are:the charity are:

Restricted funds

p p j

y p p p These are funds that can only be used for particular restricted purposes within the objectives of the Charity and its charitable subsidiaries. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Unrestricted funds

These are funds that can be used in accordance with the charitable objectives of the Charity.

(c ) Incoming Incoming resources resources

All incoming resources are included in the financial statements when the company is legally entlitled to the income and the amount can be quantified with reasonable certainty.

Resources expended (d) Resources expended

Expenditure is accounted on an accrual basis and has been classified under headings that aggregate all costs related to the category. The irrecoverable element of VAT is included with the expense item to which it relates.

(e) Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

(f) Investments

Cash deposits intended to be held for the long-term are shown under investments. All other cash balances are included as current assets.

(g) Taxation

The activities of the Charity are exempt from corporation taxation under section 505 of the Income and Corporation Taxes Act 1988 to the extent that they are applied to the organisation's charitable objectives. No tax charges have arisen in the Charity.

(h) Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful

Equipment Motor vehicles

15% on written down value

25% on written down value

2 Tangible fixed assets Cost At 1 October 2020 Additions Disposals At 30 September 2021 Depreciation At 1 October 2020 Charge for the year At 30 September 2021 Net book value At 30 September 2021 At 30 September 2020 3 Collections and donations Collections and donations 4 Investment income Interest receivable 5 Other Operating income Job Retention Scheme 6 Donations Donations to other branches	Unrestricted Funds £ 695,804 Unrestricted Funds £ 50 50 Unrestricted Funds 54,225 Unrestricted Funds £ 12,601	Equipment £ 23,642 - - 23,642 11,594 1,807 13,401 10,241 12,048 2021 Restricted Funds £ - 2021 Restricted Funds £ - - 2021 Restricted Funds - 2021 Restricted Funds £ -	Motor vehicles £ 19,848 - - 19,848 4,962 3,722 8,684 11,164 14,886 Total £ 695,804 Total £ 50 50 Total 54,225 Total £ 12,601	Total £ 43,490 - - 43,490 16,556 5,529 22,085 21,405 26,934 2020 £ 673,560 2020 £ 190 114 2020 74,738 2020 £ 14,063

7 Wages and salaries

Emloyees' pensions Employer's NIC Salaries and wages Premises costs Repairs Building insurance Rates Water rates Rent Light and heat Central support cost Telephone Bank charges Bibles and literature Accountancy Depreciation Consultancy fees Profit on disposal of vehicle Motor expenses Stationery and printing Legal and professional fees Sundry expenses	£ 3,816 11,066 176,821 191,703 7 £ 7,424 3,381 - 88 158,747 2,703 172,343 Unrestricted Funds 1,883 1,374 - 10,610 5,529 48,492 - 1,560 119 3,377 1,052 73,996	£ - - - - £ - - - - - - - 2021 Restricted Funds - - - - - - - - - - - -	£ 3,816 11,066 176,821 191,703 £ 7,424 3,381 - 88 158,747 2,703 172,343 Total 1,883 1,374 - 10,610 5,529 48,492 - 1,560 119 3,377 1,052 73,996	£ 3,888 11,457 184,589 199,934 £ 7,561 1,983 4,826 25 170,126 2,956 187,477 2020 1,816 3,665 189 11,785 7,088 49,677 (1,486) 1,730 241 144 1,970 76,819

8 Premises costs

9 Central support cost

10 Debtors Prepayments Sundry Other debtors - Rent deposits 11 Creditors: amounts falling due within one year Accruals Other creditors Taxation and Social Security costs 12 Net Assets of the Charity's funds (a) Restricted funds:movements in the year Balance as at 1 October 2020 Net incoming resources Balance as at 30 September 2021 (b) Unrestricted funds:movements in the year Balance as at 1 October 2020 Net incoming resources Transfer from General reserve Balance as at 30 September 2021 ( c) Unrestricted Freehold reserve Balance as at 1 October 2020 Transfer from General reserve Balance as at 30 September 2021 TOTAL FUNDS AT 30 SEPTEMBER 2021	Unrestricted Funds - 2,977 27,250 30,227 £ 5,735 960 3,727 10,422 Unresticted Funds - - - 641,281 299,435 - 940,716 80,000 - 80,000 1,020,716 9	2021 Restricted Funds - - - - £ - - - - 2021 Resticted Funds - - - - - - - - - - -	Total - 2,977 27,250 30,227 £ 5,735 960 3,727 10,422 Total - - - 641,281 299,435 - 940,716 80,000 - 80,000 1,020,716	2020 8,832 1,000 27,250 37,082 £ 2,500 240 12,553 15,293 2020 - - - 371,086 270,195 - 641,281 80,000 - 80,000 721,281