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