Registered number
1111328
Dunamis International Gospel Centre
Accounts
31 May 2023
**Dunamis International Gospel Centre Registered number: 1111328 Directors' Report**
The trustees present their report and accounts for the year ended 31 May 2023.
## **Principal activities**
Dunamis International Gospel Centre is a UK registered charity which is governed by a deed of declaration of trust dated 5 August 2005.
## **Objects**
1) To advance the Christian faith in accordance with the Statement of Beliefs appearing in the Schedule (of the Declaration of Trust) in London and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
2) to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in London and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
3) to promote and fulfil such other charitable purposes beneficial to the community in London and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
## **Areas**
◼ Education and training
◼ The advancement of health or saving of lives
◼ The prevention or relief of poverty
◼ Overseas aid/famine relief
◼ Accomodation/housing ◼ Religious activities ◼ Economic/community development
## **Review of the Year**
During the year, the Centre continued its work of bringing the message of Christ to a global audience through services in London under the spiritual guidance of a Minister.
The trustees have had regard to the guidance issued by the Charity Commission on public benefit when planning the activities of the Centre.
## **Financial Review**
The financial activities of the Centre mainly comprise unrestricted grants and donations. Restricted donations require that the funds be used in a specific way or for a specific purpose by the charity. However, the Centre had no restricted funds during the financial year under review. All unrestricted funds go towards the operating expenses of the Centre.
The major source of income are grants from DIGC Nigeria and voluntary contributions of members during services and appeals to fund specific projects such as a church building. Grants and donations received during the year amounted to £499495 an increase of 83% over the same period last year. Expenditure total for the year was £383214 including support costs and the cost of outreach work in Spain and the Liverpool, Manchester and Birmingham areas; an increase of £98599 or 34.6% over last year's total of £284615. Overall surplus for the year was £116281 compared with last year's deficit of £11611. Accumuilated funds increased by 60.9% to £308812 over last years total of £191875.
This report was approved by the board on 9 June 2024 and signed on its behalf.
Mrs Ivy Orieji - Trustee Chairperson
## **Dunamis International Gospel Centre**
## **Independent Examiner's Report to the Trustees of Dunamis International Gospel Centre for the year ended 31 May 2023**
This report on the financial statements of Dunamis International Gospel Centre for the year ended 31 May 2023, which are set out on pages 1 to 5, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the Regulations') and s.145 of the Charities Act 2011 ('the 2011 Act').
## **Respective responsibilities of the Trustees and examiner**
As the charity Trustees of Dunamis International Gospel Centre who are also directors for the purposes of company law, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination, I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. That examination includes a review of the accounting records kept by the Trustees and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, 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**
I have completed my examination for the year ended 31 May 2023. I confirm in connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect:
1. accounting records were not kept in respect of the company as required by s 396 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the requirements of s 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
J.S Vincent
**9 June 2024**
## **Dunamis International Gospel Centre Statement of financial activities for the year ended 31 May 2023**
|**Incoming resources**
Direct charitable expenditure
Fundraising and publicity
Governance costs
Other operating income
**Operating surplus/(deficit)**
Profit on the disposal of tangible fixed assets
Profit on the disposal of investments
Gain on revaluation of investments
Income from investments
Interest receivable
Interest payable
**Surplus/(deficit) for the year**|**Unrestricted**
**funds**
**2023**
**£**
**499,495**
**(326,590)**
**172,905**
**-**
**(57,324)**
**-**
**115,581**
**-**
**-**
**-**
**-**
**656**
**-**
**116,237**|Unrestricted
funds
**2022**
**£**
273,004
(256,454)|
|---|---|---|
|||16,550
-
(28,161)
-|
|||(11,611)
-
-
-
-
-
-|
|||(11,611)|
1
**Dunamis International Gospel Centre Registered number:** 1111328 **Balance Sheet as at 31 May 2023**
||**Notes**||**2023**||**2022**|
|---|---|---|---|---|---|
||||**£**||**£**|
|**Fixed assets**||||||
|Tangible assets|3||**51,041**||25,401|
||||**51,041**||25,401|
|**Current assets**||||||
|Debtors|4|**-**||-||
|Cash at bank and in hand||**445,613**||221,314||
|||**445,613**||221,314||
|**Creditors: amounts falling**|**due**|||||
|**within one year**|5|**(188,542)**||(55,108)||
|**Net current assets**|||**257,071**||166,206|
|**Total assets less current**||||||
|**liabilities**|||**308,112**||191,607|
|**Creditors: amounts falling**|**due**|||||
|**after more than one year**|6||**-**||-|
|**Net assets**|||**308,112**||191,607|
|**Capital and reserves**||||||
|Reserves|||**308,112**||191,875|
|**Shareholder's funds**|||**308,112**||191,875|
The trustees are satisfied that the charity is entitled to exemption from the requirement to obtain an audit under the Charities Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The trustees acknowledge their responsibilities for complying with the requirements of the Charities Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to small charities.
Dr Paul Enenche - Chairperson Director Approved by the board on 9 June 2024
2
**Dunamis International Gospel Centre Notes to the Accounts for the year ended 31 May 2023**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with the provisions of the Charities Act 2006, and the Charities (Accounts and Reports) Regulations promulgated thereunder, and the Statements of Recommended Practice issued by the Charity Commission.
**Unrestricted funds** represent funds which are expendable at the discretion of the trustees in furtherance of the objects of the church and are held in the general fund.
**Restricted funds** represent grants and donations received and tax refunds arising thereon, which were allocated by the donor for specific purposes.
## **Direct charitable expenditure**
Direct charitable expenditure includes all expenditure which is directly related to the objects of the charity and comprises grants paid and costs whch are directly attributable to charitable activities including charitable support costs.
## **Management and administration costs**
Management and administration costs represent expenditure incurred in the management of the assets of the charity, organisational administration and compliance with constitutional and other statutory requirements. None of the Trustees received any remuneration, nor were paid expenses in the year ended 31 May 2023.
## **Grants and donations**
There were no accruals for these items at the year end
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment and motor vehicles 20% reducing balance basis Fixtures, fittings, tools and equipment 20% reducing balance basis
|**2**
**Incoming resources**
Restricted donations
Unrestricted donations|**2023**
**2022**
**£**
**£**
**2785**
496710
273004
499495
273004|
|---|---|
3
## **Dunamis International Gospel Centre Notes to the Accounts for the year ended 31 May 2023**
## **3 Tangible fixed assets**
|**Furniture**
**and fittings**
**Cost**
At 1 June 2022
5,165
Additions
-
At 31 May 2023
5,165
**Depreciation**
At 1 June 2022
1,033
Charge for the year
1,033
At 31 May 2023
2,066
**Net book value**
At 31 May 2023
3,099
At 31 May 2022
4,132
**4**
**Debtors**
Gift aid tax recoverable
**5**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
**6**
**Creditors: amounts falling due after one year**
Bank loans|**Equipment**
**£**
32,007
19,998
52,005
12,624
7,876
20,500
31,505
19,383|**Motor**
**vehicles**
**£**
7,192
18,660
25,852
5,306
4,109
9,415
16,437
1,886
**2023**
**£**
-
-
**2023**
**£**
2,200
186,342
188,542
**2023**
**£**
-
-|**Total**
**£**
44,364
38,658
77,857
18,963
13,018
31,981
51,041
25,401
**2022**
**£**
-
-
**2022**
**£**
-
55,108
55,108
**2022**
**£**
-|
|---|---|---|---|
||||-|
4
## **Dunamis International Gospel Centre Income and expenditure account for the year ended 31 May 2023**
_This schedule does not form part of the statutory accounts_
|**Incoming resources**
Restricted funds
Donations
Unrestricted funds
Donations
Income tax recoverable
Other incoming funds
Direct charitable expenditure
Honoraria and SOD
Worship and support materials
Projects, technical and educational
Welfare and support costs
Travel, motor and oversea expenses
Training, staff and support costs
Premises and conference accomodation costs
Donations and other charitable giving
Governance costs
Printing, postage and other admin costs
Accountancy fees
Telephone, fax and website costs
Transport, travel and motor expenses
Depreciation
Advertising and PR
Insurance
Expensed equipment and repairs
Advertising and PR
Other legal and professional
Depreciation
Bank charges
Health, safety and security
Sundry expenses|**2023**
**£**
**2,785**
**491,303**
**-**
**5,407**
**499,495**
**3,500**
**25,405**
**68,952**
**54,930**
**59,134**
**16,800**
**91,339**
**6,530**
**326,590**
**9,067**
**2,200**
**1,685**
**-**
**-**
**1,800**
**949**
**2,980**
**5,032**
**15,627**
**13,018**
**816**
**3,960**
**190**
**57,324**
**383,914**
**-**|**2022**
**£**
**-**
272,677
-
327|
|---|---|---|
|||273,004|
|||2,803
9,686
41,731
25,311
20,047
13,561
143,315
-|
|||256,454|
|||1,682
1,000
223
615
6,350
-
127
281
17,207
166
-
510|
|||28,161|
||||
|||284,615|
5
|**Dunamis International Gospel Centre**|||
|---|---|---|
|**Corporation tax computation**|||
|**Tax reference**||**1318504568**|
|**Period beginning**||**1/06/22**|
|**Period ending**||**31/05/23**|
|**Accounts period beginning**||**1/06/22**|
|**Accounts period ending**||**31/05/23**|
|**Adjustment of trading profits**||**£**|
|Profit before tax per the accounts||116,237|
|Add back disallowable expenses|||
|Donations||-|
|Depreciation and (profit)/loss on sale of assets||13,018|
|Other||-|
|Capital allowances||(24,778)|
|Add back dividends payable on non-equity shares included in interest payable||-|
|Deduct non-trading income|||
|Interest receivable||(656)|
|Property income||-|
|Other income not taxable||-|
|Other adjustments|||
|Finance lease adjustments||-|
|Leased cars||-|
|Other operating lease adjustments||-|
|Adjusted trading profit||103,821|
|Charity relief||(103,821)|
|||-|
|**Taxable profits**||**£**|
|Trading profit|-||
|Charity relief|-||
|Losses utilised|-||
|||-|
|Interest receivable|656||
|Charity relief|(656)||
|||-|
|Rental income||-|
|Net chargeable gains||-|
|Less: qualifying donations to UK charities||-|
|Taxable profit||-|
|**Days in accounting period falling in each tax year**|||
||**Days falling**||
|**Tax year**|**in tax year **|**Days in year**|
|2022|304||
|2023|61||
||365|365|
|**Corporation tax payable**|||
|**Taxable**|||
|**Tax year**
**profit**|**Tax rate**|**Corp Tax**|
|2022
-|19%|-|
|2023
-|19%|-|
|-|||
|Corporation tax payable||-|
6
|**Dunamis International Gospel CCapital allowances**
**Tax reference**
**Period beginning**
**Period ending**
**Summary**
General pool
Special rate pool
Short term asset pools
Total capital allowances
**General Pool**
Written down value brought forward
Disposal receipts
Balancing allowance
Balancing charge
Expenditure qualifying for writing down allowance
Relevant first year expenditure
Other expenditure qualifying for first year allowance
Expenditure qualifying for annual investment allowance
FYA in respect of relevant FYA expenditure
£1000 or less: write off
Annual investment allowance
Writing down allowance
Written down value carried forward
**Special rate pool**
Written down value brought forward
Disposal receipts
Balancing allowance
Balancing charge
Thermal installation expenditure
Integral feature expenditure
Expenditure on a car that is not a main rate car
Expenditure on cushion gas
Expenditure qualifying for annual investment allowance
Annual investment allowance
Writing down allowance
Written down value carried forward
**Total of short life asset pools**
Number of single asset pools
Written down value brought forward
Disposal receipts
Balancing allowances
Balancing charges
Expenditure qualifying for written down allowance
Relevant first year expenditure
Other expenditure qualifying for first year allowance
Expenditure qualifying for annual investment allowance
FYA in respect of relevant FYA expenditure
Other FYA
Annual investment allowances
Writing down allowances
Written down value carried forward|**1318504568**
**1/06/22**
**31/05/23**
**£**
23,373
1,405
-
24,778
**£**
18,750
-
-
-
19,998
38,748
-
-
-
-
(19,998)
(3,375)
(23,373)
15,375
**£**
4,752
-
-
-
-
-
18,660
-
23,412
-
-
(1,405)
(1,405)
22,007
-
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**1318504568**
**1/06/22**
**31/05/23**
**£**
23,373
1,405
-|
|---|---|---|
|||24,778|
|||**£**
18,750
-
-
-
19,998|
||-
-
-
-||
|||22,007|
|||-
**£**
-
-
-
-
-|
|||-
-
-
-
-|
||||
|||-|