Registered number 1111328
Dunamis International Gospel Centre
## Accounts
31 May 2024
**Dunamis International Gospel Centre Registered number: 1111328 Directors' Report**
The trustees present their report and accounts for the year ended 31 May 2024.
## **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 £745217 an increase of 49.2% over the same period last year. Expenditure total for the year was £995413 including enhanced support costs and the cost of increased outreach work in USA, three European countries, Wales and in Liverpool, Manchester, Birmingham, Milton Keynes and Luton; an increase of £612315 or 159.8% over last year's total of £383098. Overall deficit for the year was £250196 compared with last year's surplus of £116397. Accumulated funds decreased by 80.5% to £60382 compared to last years total of £308928.
.
This report was approved by the board on 22 October 2025 and signed on its behalf.
Mrs Ivy Orieji - Trustee Trustee
## **Dunamis International Gospel Centre Statement of financial activities for the year ended 31 May 2024**
|**Incoming resources**
Direct charitable expenditure
Fundraising and publicity
Governance costs
Other operating income
**Operating (deficit)/surplus**
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
**(Deficit)/surplus for the year**|**Unrestricted**
Unrestricted
**funds**
funds
**2024**
**2023**
**£**
**£**
**745,217**
499,495
**(908,265)**
(326,590)
**(163,048)**
172,905
**-**
-
**(87,148)**
(56,508)
**-**
-
**(250,196)**
116,397
**-**
-
**-**
-
**-**
-
**-**
-
**1,650**
656
**-**
-
**(248,546)**
117,053|
|---|---|
1
**Dunamis International Gospel Centre Registered number:** 1111328 **Balance Sheet as at 31 May 2024**
||**Notes**||**2024**||**2023**|
|---|---|---|---|---|---|
||||**£**||**£**|
|**Fixed assets**||||||
|Tangible assets|3||**69,764**||51,041|
||||**69,764**||51,041|
|**Current assets**||||||
|Debtors|4|**-**||-||
|Cash at bank and in hand||**145,506**||445,613||
|||**145,506**||445,613||
|**Creditors: amounts falling due**||||||
|**within one year**|5|**(154,888)**||(188,542)||
|**Net current (liabilities)/assets**|||**(9,382)**||257,071|
|**Total assets less current**||||||
|**liabilities**|||**60,382**||308,112|
|**Creditors: amounts falling due**||||||
|**after more than one year**|6||**-**||-|
|**Net assets**|||**60,382**||308,112|
|**Capital and reserves**||||||
|Reserves|||**60,382**||308,928|
|**Shareholder's funds**|||**60,382**||308,928|
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 22 October 2025
2
**Dunamis International Gospel Centre Notes to the Accounts for the year ended 31 May 2024**
## **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**|**2024**|**2023**|
|||**£**|**£**|
||Restricted donations|**0**||
||Unrestricted donations|748147|499495|
|||748147|499495|
3
## **Dunamis International Gospel Centre Notes to the Accounts for the year ended 31 May 2024**
## **3 Tangible fixed assets**
|**Furniture**
**and fittings**
**Cost**
At 1 June 2023
5,165
Additions
1,723
At 31 May 2024
6,888
**Depreciation**
At 1 June 2023
2,066
Charge for the year
1,378
At 31 May 2024
3,444
**Net book value**
At 31 May 2024
3,444
At 31 May 2023
3,099
**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**
**£**
52,005
27,458
79,463
20,500
11,793
32,293
47,170
31,505|**Motor**
**vehicles**
**Total**
**£**
**£**
25,852
83,022
7,500
36,681
33,352
112,815
9,415
31,981
4,787
17,958
14,202
49,939
19,150
69,764
16,437
51,041
**2024**
**2023**
**£**
**£**
-
-
-
-
**2024**
**2023**
**£**
**£**
5,200
2,200
149,688
186,342
154,888
188,542
**2024**
**2023**
**£**
**£**
-
-
-
-|
|---|---|---|
4
## **Dunamis International Gospel Centre Income and expenditure account for the year ended 31 May 2024**
_This schedule does not form part of the statutory accounts_
|**Incoming resources**
Restricted funds
Donations
Unrestricted funds
Donations
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
Salaries and pastoral expenses
Governance costs
Printing, postage and other admin costs
Accountancy fees
Telephone, fax and website costs
Depreciation
Insurance
Expensed equipment, hire and repairs
Advertising and PR
Other legal and professional
Bank charges
Health, safety and security
Sundry expenses|**2024**
**2023**
**£**
**£**
**-**
**2,785**
**741,938**
491,303
**6,209**
5,407
**745,217**
499,495
**450**
3,500
**33,576**
25,405
**223,040**
68,952
**84,558**
54,930
**115,852**
59,134
**11,453**
16,800
**353,237**
91,339
**30,000**
6,530
**56,099**
-
**908,265**
326,590
**4,322**
9,067
**3,000**
2,200
**2,243**
1,685
**17,958**
13,018
**2,004**
949
**234**
2,980
**48,087**
6,832
**7,600**
15,627
**260**
**-**
3,960
**1,440**
190
**87,148**
56,508
**995,413**
383,098|
|---|---|
5