REGISTERED CHARITY NUMBER: 1113683 REPORT OF THE TRUSTEES AND UNAUDrfED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR DIVINE HEALING CHURCH OF CHRIST Ashford Louis Chartered Certified Accountants 187 High Road Leyton London E152BY
DIVINE HEALING CHURCH OF CHRIST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Reference and Admilllstrative Details Report of the Trustees 2 to 3 Independent Examiner's Report Statement of Financial Aetivitie5 Balanee Sheet Notes to the Financial Statements 7 to 11 Detailed Statement of Financial Activities 12 to 13
DIVINE HEALING CHURCH OF CHRIST REFERENCE AIYD ADMINISTRATIVE DETAtLS FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES Rev Victor Keelson Ani Rev Dominic Glen Daley Rev Beverley Coley PRINCIPAL ADDRESS 30 Woodland Terrace LA)ndon SE7 SEN REGISTERED CHARITY 1113683 INDEPEfsDENT EXAMINER Ashford Louis Chartered Certified Accountants 187 High Road Leyton London E15 2BY Page I
DIVtNE HEALING CHURCH OF CHRIST REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 DECEMBER 2024 The trustees present their report with the fll)ancial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finallcial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AIYD AcfiviTIES Objectives and alms The principal objectives of the Charity are for the benefit of the Public and: (i) The advancement of the Christian faith in accordance with the statement in such ways and such part5 of the United Kingdom or the world as the Church Council from time to time May think fiL (li) The relief of sickll and fanCIal hdShip and to promote and preserve good bealth by provision of fLmds, goods or Services of any kind including through the provision of United Kingdom or the world as the Chwch Council from time to time may think fit: (iii) To advance education in such ways and such parts of United Kingdom or the world as the Church Council from time to time may think fit: Also. other charitsble facilities in augmentation of such facilities fjnanced by Donations and Special Offerings seek to provide tbe necessary support and encouragement to our members which will enable them to raise their spiritual needs: Airmation. St Matthew 11: 28-33 Come unto Me, all ye that are labour and heavy laden, and I will give resL Take my yoke upon you, and learn of me" for I am meek and lowly in heart and ye shall find rest unto your solus. For my yoke is easy* and burden is lighL The Trustees confirni that they have paid due regard to the guidance contain in the Charity Commission's general guidance on public benefit when reviewing the Charity's ain)s and objectives in setting the grant making policy for the year. ACHtEVEMENf AND PERFORMANCE Charitable activities The Divine Healing Church of Christ has approximatsly 152 members, all with their own individual spiritual needs and the Church charitable fjjnds are used to advance the spiritual, educational, recreational and cultural opportunities to the memb¢rs. The year proved to k significantly successful in tern of donations received and donations given. FJNANCIAL REVIEW Financial position The attached financial statement shows the current state of financial affairs, which the TrteeS consider to be satisfactory. The net incoming resources for the year, which were all from unrestricted funds, amounted to £6,161 and added to the net incorning resources brought fonvard of £548,254. The total reserve caTried forward is £554.416. Tithes alld offerings continue to be the main sources of income. Reserves policy The policy on reserves is that a minimum of tlree months expenses are to be held in liquid fimds and this level of reserves has been maintained during most ofthe period in question. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing documen¢ a deed of trust and constitutes an unincorporated charity. Page 2
DIVINE HEALING CHURCH OF CHRIST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Governlng Document The governing instrument of the Charity is its adopted Constitution dated 20 August 2005. Organisational Structure The day to day operation of the Charlty is wntrolled and managed by the Trustees and the Management Committee. Church Charfitable Fund Committee Stephen Crandon- Reverend Elect Monica Myers - EvarAgelist Bernard Duku- Reverend Elect Deaconess V¢lita James - Representstive Deaconess Doreen June Daley - Coordinator Deaconess Priscilla Desir- Representative Deaconess Hanna Ebob Enaw - Repres¢ntative Elder Verena Bailey- Volunteer Prophetess Juliana Addo- Volunteer Simmone Grace Douglas - Volunteer Evangelist Mother Rachel - Volunteer Clen)mard Solomon Brown - Volunteer Bankers Natwest Bank PIC Kilburn Branch 74 Kilburn High Road London NW6 4HU Approved by order of the board of trustees on 22 September 2025 and signed on its behalf by: Rev Beverley Coley - Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DIVINE HEALING CHURCH OF CHIUST Independent examiner's report to the trustees of Divine Heallng Church of Christ I report to the charity trustees on my examination of the accounts of Divine Healing Church of Christ (the Trust) for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act?. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my exatnination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any nuterial respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord with those records. or the accounts do not comply with the applicable requirements concerning the forn] and content of accounts sd out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Hayford Doh FCCA Ashford Louis Chartered Certified Accountants 187 High Road Leyton London E15 2BY 24 September 2025 Page 4
DIVINE HEALING CHURCH OF CHRIST STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Unrestricted fund 31.12.23 Total fimds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 68,163 74,254 tnvestment income 7,055 6,350 Total 75,218 80,604 EXPENDITURE ON Raising funds 19,200 16,907 Charltable a¢tivÉties Direct Charitable expense Governance cost 49,856 43,471 2,080 Total 69,056 62,458 NET INCOME 6.162 18,146 RECONCILIATION OF FUNDS Total ndS brought fonvard 548,254 530,108 TOTAL FUNDS CARED FORWARD 554,416 548254 The notes forn) part of these fanCIal statements Page 5
DIVINE HEALING CHURCH OF CHIUST BALANCE SHEET 31 DECEMBER 2024 31.12.24 Unrestricted fund 31.12.23 Total funds Notes FIXED ASSETS Tangible assets 477,851 483,392 CURRENT ASSETS Debtors Cash at bank 20,812 60,485 25,424 60,958 81,297 86,382 CREDITORS Amounts falling due within one year (4,732) (2,652) NET CURRENT ASSETS 76,565 83,730 TOTAL ASSETS LESS CURRENT LIABILITIES 554,416 567,122 CREDITORS Amounts falling due after more than one year (18,868) NET ASSETS 554,416 548,254 FUNDS Unrestricted funds 554,416 548,254 TOTAL FUNDS 554,416 548,254 The fmancial statements were approved by the Board of Trustees and authorised for issue on 22 September 2025 and were SI1ed on its behalf by: Rev Beverley Coley - Trustee Rev Victor KeeEson Anfu - Trustee The notes forn) part of these fmancial statements Page 6
DIVINE HEALING CHURCH OF CHIUST NOTES TO THE FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with tbe Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be re£eived and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the harity to that expenditure, it is probable that a transfrr of ¢Gonomic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estima*d useful life. Freehold propety Fixtures and fittings Motor vehicles Computer equipment not provided 20% on reduclng balance 20% on reducing balance 200/0 on reducing balance Taxation The charity is exempt from tax on its charitable tIvIties. Fund aeeounting Unrestrlcted thnds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fimds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fidS are rdised for particular restricted purposes. Further explanatioll of the nature and purpose of each fund is included in the notes to the financial statements. INVESTIVIENf INCOME 31.12.24 31.12.23 Rents received Deposit account interest 6,500 555 5,912 438 7,055 6,350 Pag¢ 7 continued...
DIVINE HEALING CHURCH OF CHRIST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 Investment management costs 31.12.24 31.12.23 Rent Pmpety repairs 19,200 15,600 1,307 19200 16.907 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the y¢ar ended 31 December 2024 nor for the y¢at ended 31 December 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIvfTIES Unrestricted fund INCOME AND EIYDOWMENTS FROM Donations and legacies 74,254 Investment income 6,350 Total 80,604 EXPENDITURE ON Raising funds 16,907 Charitable aetivities Direct charitable expense Governance cost 43,471 2,080 Total 62,458 NET INCOME 18.146 RECONCILIATION OF FUNDS Total funds brought forward 530.108 TOTAL FUIYDS CARRIED FORWARD 548254 Page 8 ontinued...
DIVINE HEALING CHURCH OF CHRIST NOTES TO THE FJJ¥ANCIAL STATEMENTS- contfinued FOR THE YEAR EIYDED 31 DECEMBER 2024 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Motor vehicles Computer equipment Totals COST At l January 2024 and 31 December 2024 455,680 28,043 30,000 19,097 532,820 DEPRECIATION At l JarAuary 2024 Charge for year 25,411 526 7,996 4,400 16,021 615 49,428 5,541 At 31 December 2024 25,937 12,396 16,636 54,969 NET BOOK VALUE At 31 December 2024 455,680 2,106 17,604 2,461 477,851 At 31 December 2023 455,680 2,632 22,004 3,076 483,392 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Soft loan Hardship loan Accrued income 3,000 4,612 13,200 3,000 9224 13,200 20,812 25,424 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Other creditors 4,732 2,652 CREDrroRS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.24 31.12.23 Bank loans (see note 10) 18,868 io. LOANS An analysis of the maturity of loans is given below: 31.12.24 31.12.23 Amounts falling due between two and five years: Bank loans - 2-5 years 18,868 Page 9 continued...
DIVINE HEALING CHURCH OF CHRIST NOTES TO THE FINANcL STATEMENTS- eontfinued FOR THE YEAR ENDED 31 DECEMBER 2024 ii. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestrleted funds General fund 548254 6,162 554,416 TOTAL FUNDS 548,254 6,162 554,416 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in fjjnds UnrtrIcted funds General lld 75,218 (69,056) 6,162 TOTAL FUNDS 75,218 (69,056) 6,162 Comparatives for movement in funds Net movement in funds At 31.1223 At 1.1.23 Unrestricted funds General fund 530,108 18,146 548,254 TOTAL FUNDS 530,108 18,146 548,254 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fid 80,604 (62,458) 18,146 TOTAL FUNDS 80,604 (62,458) 18,146 Page 10 continued...
DIVINE HEALING CHURCH OF CHRIST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ii. MOVEMENT IN FUNDS- continued A current year E2 months and prior year 12 months combined position is as follows: Net movement in funds At 31.12.24 At 1.1.23 Unrestricted funds General fund 530,108 24,308 554,416 TOTAL FUNDS 530,108 24,308 554,416 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Moven]ent in funds Unrestricted funds General fund 155,822 (131,514) 24.308 TOTAL FUNDS 155,822 (131,514) 24,308 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024. Pagell
DIVINE HEALING CHURCH OF CHRIST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 ¥COME AND ENDOWMENTS Donations and legacies Donations Gift aid 52,460 15,703 60,048 14,206 68,163 74,254 Investment income Rents received Deposit account interest 6,500 555 5,912 438 7,055 6,350 ' Total incoming resources 75,218 80,604 EXPEI¥DITURE Investment management eosts Rent Property repai 19200 15,600 1,307 19,21)0 16,907 Charitable aeÉfivfitles Rates and water Light and heat Telephone and broadband Postage and stationery Sundries Membership fee Hospitality and welfare Youth and Sunday school Building and Van insurance Musical expenses Motor and travelling expenses Communion expenses Cleaning expenses Ministers, pulpit allowance Bad debt Charitable donations ProfItlLoss on disposal Depreciation Mortgage 3,139 2,555 856 321 581 600 6,050 828 6,118 3,810 2,509 242 2,125 3,000 3,839 3,643 3,257 2,702 782 350 710 700 1,600 566 2,235 1,060 3,711 218 1,930 3,000 4,612 7,882 (3,963) 9,422 2,122 5,542 1,432 47,190 42,896 Support cosls Management Media and publicity 500 450 This page does not fonn part of the statutory fmancial statements Page 12
DIVINE HEALING CHURCH OF CHRIST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 31.12.23 Management Finance Bank charges 86 125 Governance costs Other professional fees Accountancy and legal fees 1,400 680 1,400 680 2,080 2,080 Total resources expended 69,056 62,458 Net income 6.162 18,146 This page does not forn] part of the statutory fjnancial statements Page 13