2023-09-30-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 2023

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 Mrs Mayerlin Restrepo Chacon

Accountants

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

Bankers

Lloyds TSB Bank Plc High Street Colchester Essex

Church Addresses

Unit 14 Mill Mead Industrial Centre Mill Mead Road London N17 9QU

33 Lanrick Road London E14 8FE

3-5 Lansdowne Road Croydon CR0 2BX

Kings College Southway Guildford GU22 8DU

31 Palmerston Road Southampton SO14 1LL

Hammersmith Academy 25 Cathnor Road London W12 9JD

Harris Academy Ashley Road London N17 9LN

Epiphany Hall Bassano Street London SE22 8RU

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

10 April 2024

Iglesia De Dios Ministerial De Jesucristo Report of the committee for the year ended 30 September 2023

The committee presents its report and audited financial statements for the year ended 30 September 2023. 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 fell from £943,459 in 2022 to £857935 due to the charity purchasing a new church and the time spent on the refurbishment work needed before opening. 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 church has also acquired a new freehold property .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 10 April 2024

Mr John Mauricio Londono Rios Chairperson

Iglesia De Dios Ministerial De Jesucristo Statement of Financial Activities for the year ended 30 September 2023

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

Unrestricted
Restricted
Funds
Funds
Total
Total
Total
Total
2023
2023
2023
2022
£
£
£
£
857,935
-
857,935
943,459
90
-
90
90
858,025
-
858,025
943,549
-
-
-
6,136
228,407
-
228,407
217,970
245,665
-
245,665
281,116
214,146
-
214,146
102,111
688,218
-
688,218
607,333
169,807
-
169,807
336,216
1,356,932
-
1,356,932
1,020,716
1,526,739
-
1,526,739
1,356,932

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 2023

Notes Fixed assets Tangible assets 2 Current assets Debtors and prepayments 9 Cash at bank Cash in hand Current liabilities Trade creditors/accruals 10 Net current assets Creditors: amounts falling due after more than one year 11 Net assets Funds of the charity Restricted funds 12a Unrestricted funds 12b Freehold reserve 12c Total funds	27,250 602,593 3,047 632,890 62,153	2023 1,938,802 570,737 982,800 1,526,739 - 1,446,739 80,000 1,526,739	28,250 542,954 20,114 591,318 10,540	2022 £ 776,154 580,778 - 1,356,932 - 1,276,932 80,000 1,356,932

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

Mr John Mauricio Londono Rios 10 April 2024

IGLESIA DE DIOS MINISTERIAL DE JESUCRISTO Notes to the Accounts for the year ended 30 September 2023

1 Accounting policies

(a) Basis of preparation

The financialaccountsstatementshave beenhavepreparedbeenunderpreparedthe undehisto r icalthecohi st oricalconventioncost conventionand in accordanceand in accordancewith the Financialwith the StatementReporting of Recommended PStandard for Smalle r Entitiesactice (SORP), 'Accounting and(effective June 2002). Reporting by Charities' issued in March 2005.

(b) Fund accounting

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

Restricted funds

p 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 lives.

Land and buildings Equipment Motor vehicles

No depreciation provided 15% on written down value 25% on written down value

2 Tangible fixed assets Cost At 1 October 2022 Additions Disposals At 30 September 2023 Depreciation At 1 October 2022 Charge for the year At 30 September 2023 Net book value At 30 September 2023 At 30 September 2022 3 Collections and donations Collections and donations 4 Investment income Interest receivable 5 Donations Donations to other branches	Land & Buildings 759,076 1,166,047 - 1,925,123 - - - 1,925,123 759,076 Unrestricted Funds £ 857,935 Unrestricted Funds £ 90 90 Unrestricted Funds £ -	Equipment £ 23,642 - - 23,642 14,937 1,306 16,243 7,399 8,705 2023 Restricted Funds £ - 2023 Restricted Funds £ - - 2023 Restricted Funds £ -	Motor vehicles £ 19,848 - - 19,848 11,475 2,093 13,568 6,280 8,373 Total £ 857,935 Total £ 90 90 Total £ -	Total £ 802,566 - - 802,566 26,412 0 26,412 1,938,802 776,154 2022 £ 943,459 2022 £ 50 50 2022 £ 6,136

6 Wages and salaries

Emloyees' pensions Employer's NIC Salaries and wages 7 Premises costs Repairs Building insurance Water rates Rent Light and heat 8 Central support cost Telephone Bank charges Bibles and literature Administration expenses Accountancy Equipment expensed Loan interest Depreciation Consultancy fees Motor expenses Stationery and printing Travel Legal and professional fees Sundry expenses	£ 4,790 14,025 209,592 228,407 7 £ 31,941 (15) 296 207,939 5,504 245,665 Unrestricted Funds 2,427 5,628 938 4,680 7,723 59,075 33,046 3,399 60,299 2,294 1,832 29,509 480 2,816 214,146	£ - - - - £ - - - - - - 2023 Restricted Funds - - - - - - - - - - - - - - -	£ 4,790 14,025 209,592 228,407 £ 31,941 (15) 296 207,939 5,504 245,665 Total 2,427 5,628 938 4,680 7,723 59,075 33,046 3,399 60,299 2,294 1,832 29,509 480 2,816 214,146	£ 4,222 12,563 201,185 217,970 £ 11,636 2,856 254 265,891 479 281,116 2022 1,884 3,888 1,663 3,923 6,194 - - 4,327 61,078 6,945 320 - 10,461 1,428 102,111

9 Debtors Sundry Other debtors - Rent deposits 10 Creditors: amounts falling due within one year Accruals Bank loans Taxation and Social Security costs 11 Creditors: amounts falling due more than one year Bank loans 12 Net Assets of the Charity's funds (a) Restricted funds:movements in the year Balance as at 1 October 2022 Net incoming resources Balance as at 30 September 2023 (b) Unrestricted funds:movements in the year Balance as at 1 October 2022 Net incoming resources Transfer from General reserve Balance as at 30 September 2023 ( c) Unrestricted Freehold reserve Balance as at 1 October 2021 Transfer from General reserve Balance as at 30 September 2022 TOTAL FUNDS AT 30 SEPTEMBER 2022	Unrestricted Funds - 27,250 27,250 £ 3,200 54,600 4,353 62,153 £ 982,800 982,800 Unresticted Funds - - - 1,276,932 169,807 - 1,446,739 80,000 - 80,000 1,526,739 9	2023 Restricted Funds - - - £ - - - - £ - - 2023 Resticted Funds - - - - - - - - - - -	Total - 27,250 27,250 £ 3,200 54,600 4,353 62,153 £ 982,800 982,800 Total - - - 1,276,932 169,807 1,446,739 80,000 - 80,000 1,526,739	2022 1,000 27,250 28,250 £ 5,879 - 4,661 10,540 £ - - 2022 - - - 940,716 336,216 - 1,276,932 80,000 - 80,000 1,356,932