Registered Number 06651848 Charity Number 1126492
Divine Christian Church (Limited by Guarantee)
Report and Accounts
31 July 2021
Divine Christian Church (Limited by Guarantee) Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Trustees' report | 2 |
| Accountant report | 3 |
| Profit and loss account | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
Divine Christian Church (Limited by Guarantee) Company Information
Directors
Mrs Comfort Okonkwo Mrs Joy Okonkwo Pastor Martins Okonkwo Pastor Eugene Okonkwo Pauline Williams Tejan Nnadi
Secretary
Mrs Joy Okonkwo
Accountants
Edward Consulting Limited Fifth Floor Room 12 City Gate House 246-250 Romford Road London E7 9HZ
Registered office
28B Shardeloes Road London SE14 6SL
Registered number
06651848
Charity registration number 1126492
Page 1
Divine Christian Church (Limited by Guarantee) Registered number: 06651848 Trustees' Report
The Trustees present their report and accounts for the year ended 31 July 2021.
Principal activities
The company's principal activity during the year continued to be education and promotion of christian values and preaching the Gospel.
Trustees
The following persons served as trustees during the year:
The trustees are guarantors for the company in the event of winding up, to a maximum of £1 each.
Mrs Comfort Okonkwo Mrs Joy Okonkwo Pastor Martins Okonkwo Pastor Eugene Okonkwo Pauline Williams Tejan Nnadi
Structure , governance and management
The charity is controlled by its governing document, a deed of trust and constitutes an limited company limited by guarantee as defined by the companies act of 2006.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and ensure appropirate controls are in place to provide reasonable assurance against fraud and error.
Financial review
The income for the charity for the year ended 31July 2021 totalled £32,118 as against £30,214 in 2020. Total expenses incurred within the same period was £51,885 as against £28,468 in 2020
Reserve policy
It is the policy of the charity to maintain unrestricted funds which are the reservesof 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 throught the year.
Trustee responsibilities
Under the Charities Act 1993, 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 Charity. 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 churchat any time and to ensure that such accounts comply with the Charities Act 1993. They also have a responsibility to safeguard the assets of the charity and to take reasonable steps to detect fraud or other irregularities.
Page 2
Divine Christian Church (Limited by Guarantee) Registered number: 06651848 Trustees' Report
This report was approved by the trustees on 22April 2022 and signed on its behalf.
Pastor Eugene Okonkwo Trustee
Page 2
Divine Christian Church (Limited by Guarantee) Accountants' Report
Accountants' report to the directors of Divine Christian Church (Limited by Guarantee)
You consider that the company is exempt from an audit for the year ended 31 July 2021. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Edward Consulting Limited Chartered Management Accountants
Fifth Floor Room 12 City Gate House 246-250 Romford Road London E7 9HZ
22 April 2022
Page 3
Divine Christian Church (Limited by Guarantee) Profit and Loss Account for the year ended 31 July 2021
| Notes Turnover Cost of sales Gross profit Administrative expenses Operating (loss)/profit 2 (Loss)/profit on ordinary activities before taxation Tax on (loss)/profit on ordinary activities (Loss)/profit for the financial year |
2021 2020 £ £ 32,118 30,214 (155) (1,945) 31,963 28,269 (51,730) (26,523) (19,767) 1,746 (19,767) 1,746 - - (19,767) 1,746 |
|---|---|
Page 4
Divine Christian Church (Limited by Guarantee) Balance Sheet as at 31 July 2021
| Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current liabilities Net liabilities Capital and reserves Profit and loss account 5 Shareholders' funds |
2021 2020 £ £ 1,323 545 2,443 6,358 (23,827) (7,197) (21,384) (839) (20,061) (294) (20,061) (294) (20,061) (294) |
|---|---|
The Trusteess are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Eugene Okonkwo Trustee Approved by the board on 22 April 2022
Page 5
Divine Christian Church (Limited by Guarantee) Notes to the Accounts for the year ended 31 July 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents donations from individuals.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery
20% straight line
| 2 Operating profit This is stated after charging: Depreciation of owned fixed assets |
2021 £ 422 |
2020 £ 280 |
|---|---|---|
- 3 Tangible fixed assets
| Cost At 1 August 2020 Additions At 31 July 2021 Depreciation At 1 August 2020 Charge for the year At 31 July 2021 Net book value At 31 July 2021 At 31 July 2020 4 Creditors: amounts falling due within one year Bank loans and overdrafts Trade creditors Other creditors 5 Profit and loss account At 1 August 2020 Loss for the year At 31 July 2021 |
2021 £ 1,202 5,800 16,825 23,827 2021 £ (294) (19,767) (20,061) |
Plant and machinery etc £ 4,032 1,200 |
|---|---|---|
| 5,232 | ||
| 3,487 422 |
||
| 3,909 | ||
| 1,323 | ||
| 545 | ||
| 2020 £ 1,202 5,390 605 |
||
| 7,197 | ||
Page 6
Divine Christian Church (Limited by Guarantee) Schedule to the Profit and Loss Account for the year ended 31 July 2021
for the information of the trusteess only
| Sales Sales Cost of sales Purchases Other direct costs Administrative expenses Employee costs: Travel and subsistence Premises costs: Rent General administrative expenses: Stationery and printing Honorarium Repairs and maintenance Depreciation Subscription Sundry expenses Legal and professional costs: Accountancy fees Advertising and PR Other legal and professional |
2021 2020 £ £ 32,118 30,214 155 1,945 - - 155 1,945 - 90 - 90 40,300 25,700 40,300 25,700 - - - - 7,680 - 422 280 60 60 43 43 9,036 383 350 350 - - 2,044 - 2,394 350 51,730 26,523 |
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