**Registered Number 06651848 Charity Number 1126492**
Divine Christian Church (Limited by Guarantee)
Report and Accounts
31 July 2022
## **Divine Christian Church (Limited by Guarantee) Report and accounts Contents**
||**Page**|
|---|---|
|Company information|1|
|Trustees' report|2|
|Statement of directors' responsibilities|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**
Capital House !st Floor 47 Rushey Green Catford London SE6 4AS
## **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 2022.
## **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
## **Disclosure of information to auditors**
Each person who was a director at the time this report was approved confirms that:
- so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
- he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
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 2022 totalled £55,284 as against £32,2118 in 2021. Total expenses incurred within the same period was £54,888 as against £51,885 in 2021
## **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,
Page 2
**Divine Christian Church (Limited by Guarantee) Registered number: 06651848 Trustees' Report**
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.
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) Profit and Loss Account for the year ended 31 July 2022**
|**Notes**
**Turnover**
Cost of sales
**Gross profit**
Administrative expenses
**Operating profit/(loss)**
2
**Profit/(loss) on ordinary activities before taxation**
Tax on profit/(loss) on ordinary activities
**Profit/(loss) for the financial year**|**2022**
**2021**
**£**
**£**
55,284
32,118
(958)
(155)
54,326
31,963
(53,930)
(51,730)
396
(19,767)
396
(19,767)
-
-
396
(19,767)|
|---|---|
Page 4
## **Divine Christian Church (Limited by Guarantee) Balance Sheet as at 31 July 2022**
|**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**|**2022**
**2021**
**£**
**£**
2,400
1,323
3,872
2,443
(25,937)
(23,827)
(22,065)
(21,384)
(19,665)
(20,061)
(19,665)
(20,061)
(19,665)
(20,061)|
|---|---|
|||
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 21 July 2023
Page 5
**Divine Christian Church (Limited by Guarantee) Notes to the Accounts for the year ended 31 July 2022**
## **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|**2022**
**£**
797|**2021**
**£**
422|
|---|---|---|
- **3 Tangible fixed assets**
|**Cost**
At 1 August 2021
Additions
At 31 July 2022
**Depreciation**
At 1 August 2021
Charge for the year
At 31 July 2022
**Net book value**
At 31 July 2022
At 31 July 2021
**4**
**Creditors: amounts falling due within one year**
Bank loans and overdrafts
Trade creditors
Other creditors
**5**
**Profit and loss account**
At 1 August 2021
Profit for the year
At 31 July 2022|**2022**
**£**
1,202
5,950
18,785
25,937
**2022**
**£**
(20,061)
396
(19,665)|**Plant and**
**machinery**
**etc**
**£**
5,232
1,874|
|---|---|---|
|||7,106|
|||3,909
797|
|||4,706|
|||2,400|
|||1,323|
|||**2021**
**£**
1,202
5,800
16,825|
|||23,827|
||||
Page 6
## **Divine Christian Church (Limited by Guarantee) Schedule to the Profit and Loss Account for the year ended 31 July 2022**
_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|**2022**
**2021**
**£**
**£**
55,284
32,118
958
155
-
-
958
155
90
-
90
-
49,600
40,300
50,958
40,300
-
-
-
-
100
7,680
797
422
60
60
190
43
2,132
9,036
750
350
-
-
-
2,044
750
2,394
53,930
51,730|
|---|---|