## **DELIVERANCE OUTREACH MINISTRIES**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] MARCH 2024**
**CHARITY NUMBER: 1112246**
## **DELIVERANCE OUTREACH MINISTRIES**
## **LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] MARCH 2023**
## **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
**1**
**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**
**2**
## **DELIVERANCE OUTREACH MINISTRIES**
## **TRUSTEES’ REPORT YEAR ENDED 31[ST] MARCH 2024**
The trustees are pleased to present their report for the year ended 31[ST] March 2024 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
**3**
## **FINANCIAL REVIEW**
The income of the charity is above £410,000. This is a decrease 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:
1. Select suitable accounting policies and apply them consistently.
2. Make judgements and estimates that are reasonable and prudent.
3. State whether the applicable accounting standards have been followed.
4. 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 18[th] December 2024 and signed on their behalf by:
_____________________________________________
**4**
## 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 2024 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.
Chuks Ajuka FICB PMDip Fresh fire Organisation Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH
**5**
## **DELIVERANCE OUTREACH MINISTRIES**
## **Statement of Financial Activities for the year ended 31st March 2024**
||**Unrestricted**|**Unrestricted**||**Total Funds**|**Total Funds**|
|---|---|---|---|---|---|
||**Funds**|||**2024**|**2023**|
|**Incoming Resources**Note|**£**|||**£**||
|**from generated funds**||||||
|Donations and Legacies|**2**|410387||410387|456160|
|Investment income|**3**|0||0|0|
||____________
**_________**
**_________**
_________|||||
|||410387||410387|456160|
|_Other Income_||||||
|Other||0||0|0|
|**Total Incoming**||410387||410387|456160|
|**Resources**||||||
|**Resources Expended**||||||
|**Charitable activities in furtherance of objectives**||||||
|Charitable Activities|**6**|482,624||482,624|464,988|
|Other|**4**|3,000||3,000|900|
|**Total Resources**||485,624||485,624|465888|
|**Expended**||||||
|**Net movement in funds**||**-75,237**||-75,237|-9,728|
|**Reconciliation of Funds**||||||
|Total Funds brought forward||252366||252366|262094|
|**Total Funds carried forward**||**177,129**||**177,129**|252366|
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.
**6**
## **DELIVERANCE OUTREACH MINISTRIES Balance Sheet as at 31st March 2024**
|**Note**
**2024**
**Fixed Assets**
**£**
Tangible fixed assets
**5**
125466
125466
**Current Assets**
Cash at bank and
34102
in hand
**Debtors & prepayments 10**
19361
53463
**Creditors:amounts falling due within one year**
Creditors & accruals
**9**
1800
_________
**Net Current Assets**
51663
_________
**Net Assets**
177129
**Unrestricted Funds**
General Fund
177129
_________
**TOTAL FUNDS**
177129
_________|**2023**
108183|
|---|---|
||108183|
||126622
19361|
||145983
1800
_________|
||144183
_________|
||252366
252366
_________|
||252366
_________|
Approved by the trustees on 18th December 2024 and signed on their behalf by :
____________________________________
The notes on these accounts form part of these accounts
**7**
## **DELIVERANCE OUTREACH MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024**
## **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.
**8**
## **DELIVERANCE OUTREACH MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024**
_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.
.
**9**
## **DELIVERANCE OUTREACH MINISTRIES**
## **Notes to the accounts for year ended 31st March 2024**
## **2 Donations and Legacies**
|Church collections
Tithes and Offerings
Special Offerings
Total|Unrestricted
Total funds
Total funds
Funds
2023
2022
£
£
£
364983
364983
456161
0
0
0|
|---|---|
||364983
364983
456161|
## **3 Investment income**
|**3 **|**Investment income**||||||
|---|---|---|---|---|---|---|
|||Unrestricted||Total funds|||
|||Funds £||2024/£|2023/£||
||Bank Interest|0||0|0||
||||**2024**||**2023**||
|**4 **|**Other**||Amount paid|||Purpose|
||Missions to Africa||0||0|Supporting missions|
||Visiting speakers <£1000||0||0|Promoting objectives|
||Gifts to the needy<£1000||2100||0|supporting ethos|
||Independent examination||900||900||
||||3000||900||
|**5 **|**FIXED ASSETS**|Fix&Fitt|Instrument|Minibus|Equipment|Total 2024|
||**Cost**|£|**£**|**£**|**£**|**£**|
||At 01/04/2023|61163|10060|11351|148471|231045|
||Additions|16800|4300|9000|18550|48650|
||At 31/03/2024|77963|14360|20351|167021|279695|
||**Depreciation**||||||
||At 01/04/2023|24390|5135|7888|85449|122862|
||charge for the year|10715|1845|2493|16314|31367|
||At 31/03/2024|35105|6980|10381|101763|154229|
||**NBV at 31/03/2024**|42858|7380|9970|65258|125466|
||NBV at 01/04/2023|36773|4925|3463|63022|108183|
**10**
## **DELIVERANCE OUTREACH MINISTRIES Notes to the accounts for year ended 31st March 2024**
## **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
Printing
Insurance
Building renovation
Rates
Depreciation
Vehicle expenses
Media services
Travel
Refreshments
Wages
Light & Heat
Outreach expenses
Internet
Hotel
Professional fees
Advertising
Welfare
Card services
Repairs
Music services
Waste Services
Tax/Ni
Supplies
Building materials
**Total**|**2024/£**
**2023/£**
69800
83112
0
3930
24500
3300
1357
0
60320
40170
135770
136850
6733
6122
4679
3550
6850
9050
0
1200
0
0
6024
8425
31367
27045
5150
800
2857
2600
3145
3250
6750
8770
20400
13720
36680
32710
0
0
3221
1000
2655
22406
0
0
4900
8800
1000
2400
3144
7031
28230
13007
0
700
6300
0
0
0
10792
25040
0
0|
|---|---|
||**482624**
**464988**|
## **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 2024/£ 2023/£** Accruals 1800 1800 **9 Debtors and Prepayments 19361 19361**
**9 Debtors and Prepayments**