**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| 1 ## **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 1 ## **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 2 ## **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 3 ## **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. 4 ## **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 5 ## **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 p 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 6 9 |**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| |---|---|---|---|---| 9 ## **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** 8 9 |**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| |---|---|---|---|---| 9