2021-03-31-accounts - Deliverance Outreach Ministries

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DELIVERANCE OUTREACH MINISTRIES

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2021

CHARITY NUMBER: 1112246

DELIVERANCE OUTREACH MINISTRIES

LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] MARCH 2021

ADDRESS FOR CORRESPONDENCE UNIT 1, 17 ARGALL AVENUE LEYTON LONDON E10 7QE REGISTERED CHARITY 1112246

GOVERNING DOCUMENT DECLARATION OF TRUST 22[ND] MARCH 2005 AS AMENDED BY SUPPLEMENTAL 31[ST] OCTOBER 2005

TRUSTEES

REV JONES BOATENG MR FREDERICK BADU MRS SALLY FRIMPONG

PRINCIPAL BANKERS

SANTANDER UK PLC 2 TRITON SQUARE REGENT’S PLACE LONDON NW1 3AN

INDEPENDENT EXAMINER

EPHRAIM BUSINESS SERVICES GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3 FH

DELIVERANCE OUTREACH MINISTRIES UNIT 1, 17 ARGALL AVENUE LEYTON LONDON E10 7QE INDEX Page Legal & Administrative Details 1 Index 2 Trustee’s Report 3-4 Independent Examiner’s Report 5 Statement of Financial Activities 6 Balance Sheet 7 Notes on the financial Statements 8-10

DELIVERANCE OUTREACH MINISTRIES

TRUSTEES’ REPORT YEAR ENDED 31[ST] MARCH 2021

The trustees are pleased to present their report for the year ended 31[ST] March 2021 for the charity, Deliverance Outreach Ministries with Charity Number 1112246.

The Trustees of the charity are: Rev Jones Boateng Mr Frederick Badu

Mrs Sally Frimpong

There were no changes in the trustee board during the financial year.

The principal address of the charity is: Unit 1, 17 Argall avenue Leyton London E10 7QE

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a trust deed that was adopted on 22[ND] March 2005 .The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are to advance the Christian Faith [in accordance with the Statement of Beliefs] throughout the world as the trustees may see fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake. All its activities are open to the public and there is no restriction on members of the public who choose to participate in their services.

ACHIEVMENTS AND PERFORMANCE

The Organisation continues to hold successful services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The church also continues holding several conferences to assist the development of the people in the community. The organisation continues to hosts its own 24hour 7 day a week online radio station that has proved very successful in reaching the community. Their regular television and radio programmes continues to be even more successful as they broadcast on several television and radio stations in the city. The church set up a media studio that it uses for its broadcasting and increased its media presence on social media platforms as well

FINANCIAL REVIEW

The income of the charity is above £361,000. This is an increase on the previous year income. The costs have been managed over this period. The church used most of the amount of its income in paying rent for the church premises it uses for its services as well as paying airtime costs for its television and radio programs. The charity had a surplus at the end of the year. The charity has no long term debts and is an ongoing concern. The church also invested in the construction of an in-house studio room.

FUTURE DEVELOPMENTS

The church intends to continue to host its regular quarterly conferences in UK. Once renovation of the new premises is completed they plan to use it for their services. It plans to continue to host its television and radio programmes in the city. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether the applicable accounting standards have been followed.
Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 20[th] October 2021 and signed on their behalf by:

Independent Examiner’s Report To the Trustees DELIVERANCE OUTREACH MINISTRIES

I report on the accounts of the church for the year ended 31[st ] March 2021 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :

Examine the accounts under section 145 of the 2011 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
State whether particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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 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

In the course of my examination, no matter has come to my attention;

(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
proper accounting records are kept( in accordance with section 130 of the 2011 Act
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.

EPHRAIM CONSULTANCY SERVICES LTD Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH

DELIVERANCE OUTREACH MINISTRIES

Statement of Financial Activities for the year ended 31st March 2021

		Unrestricted	Total Funds	Total Funds
		Funds	2021	2020
Incoming ResourcesNote		£	£
from generated funds
Donations and Legacie	2	361249	361249	263190
Investment income	3	0	0	5
		__ ___ ___ _
		361249	361249	263195
Other Income
Other		0	0	0
Total Incoming		361249	361249	263195
Resources
Resources Expended
Charitable activities in furtherance of objectives
Charitable Activities	6	235,131	235,131	237310
Other	4	4,300	4,300	3400
Total Resources		239,431	239,431	240710
Expended
Net movement in funds		121,818	121,818	22485
Reconciliation of Funds
Total Funds brought forward		112947	112497	90462
Total Funds carried forward		234,765	234,315	112947

The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.

The notes on the accounts form part of these accounts.

DELIVERANCE OUTREACH MINISTRIES Balance Sheet as at 31st March 2021

Note 2021 Fixed Assets £ Tangible fixed assets 5 71070 _ 71070 _ Current Assets Cash at bank and 151167 in hand Debtors & prepayments 10 13428 164595 Creditors:amounts falling due within one year Creditors & accruals 9 900 _ Net Current Assets 163695 _ Net Assets 234765 Unrestricted Funds General Fund 234765 _ TOTAL FUNDS 234765 _	2020 52181 _ 52181 _ 48238 13428
	61666 900 _ 60766 _ 60766 60766 _ 60766 _

Approved by the trustees on 20th October 2021 and signed on their behalf by :

The notes on these accounts form part of these accounts

DELIVERANCE OUTREACH MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2021

1.1 Basis of Accounting

These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with: The Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.

1.2 Going Concern: The accounts are prepared on a going concern basis.

1.3 The accounts present a true and fair view and no change have been made to the accounting policies adopted.

1.4 No changes to the accounting estimates have occurred in the reporting period

1.5 No material prior year error have been identified in the reporting period.

Recognition of Income

These are included in the Statement of Financial Activities (SOFA) when:

The charity becomes entitled to resources;
It is more likely than not that the trustees will receive the resources;
The monetary value can be measured with sufficient reliability.

Grants and Donations

Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)

Tax reclaim on donations and gifts

Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

EXPENDITURE AND LIABILITIES

Liability Recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Grants and Support Costs

Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

DELIVERANCE OUTREACH MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2021

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

ASSETS

Tangible Fixed Assets for use by the charity

They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.

Debtors

Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.

DELIVERANCE OUTREACH MINISTRIES

Notes to the accounts for year ended 31st March 2021

2 Donations and Legacies

Church collections Tithes and Offerings Special Offerings Total	Unrestricted Total funds Total funds Funds 2021 2020 £ £ £ 361249 361249 263190 0 0 0
	361249 361249 263190

3 Investment income

3	Investment income
		Unrestricted		Total funds
		Funds £		2020/£	2019/£
	Bank Interest	5		5	19
			2021		2020
4	Other		Amount paid			Purpose
	Missions to Africa		0		800	Supporting missions
	Visiting speakers <£1000		0		0	Promoting objectives
	Gifts to the needy<£1000		3400		1700	supporting ethos
	Independent examination		900		900
			4300		3400
5	FIXED ASSETS	Fix&Fitt	Instrument	Minibus	Equipment	Total 2021
	Cost	£	£	£	£	£
	At 01/04/2020	8168	5510	8411	86233	108322
	Additions	9760	0	0	26895	36655
	At 31/03/2021	17928	5510	8411	113128	144977
	Depreciation
	At 01/04/2020	1634	3002	6241	45264	56141
	charge for the year	3259	501	434	13572	17766
	At 31/03/2021	4893	3503	6675	58836	73907
	NBV at 31/03/2021	13035	2007	1736	54292	71070
	NBV at 01/04/2020	6534	2508	2170	40969	52181

DELIVERANCE OUTREACH MINISTRIES

Notes to the accounts for year ended 31st March 2021

6 Cost of Activities in furtherance of Charity's Objectives

Rent of building Cleaning services Conference costs Choir robes Radio programs Television programs Stationary Telephone Building renovation Rates Depreciation Vehicle expenses Media services Travel Refreshments Wages Light & Heat Admin Support Insurance Security Professional fees Advertising Utilities Card services Repairs Music services Waste Services Tax/Ni Supplies Building materials Total	2021/£ 2020/£ 36300 26600 1300 0 21500 3100 0 1300 9425 6680 84910 119290 5350 2620 900 0 1100 1110 2650 500 17766 13045 800 4820 3200 10390 909 300 3300 0 9600 0 2950 13362 0 1360 0 2100 0 2804 0 240 4650 8070 0 0 2666 269 11050 5100 500 8000 4720 1300 0 0 7400 4950 2185 0
	235131 237310

TRUSTEE PAYMENTS

REV Jones Boateng received remuneration of £9600 for pastoral services . There was 1 employee in the charity. All other work was undertaken by volunteers.

8 Creditors: amounts falling due within one year 2021/£ 2020/£ Independent examination 900 900 9 Debtors and Prepayments 13428 13428

9 Debtors and Prepayments