Registered Number 06651848
Charity Number 1126492
Divine Christian Church (Limited by Guarantee)
Report and Accounts
31 July 2024
in 2023. Total expenses incurred within the same period was £81854 as against £75,213 in 2023
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 |
in 2023. Total expenses incurred within the same period was £81854 as against £75,213 in 2023
Divine Christian Church (Limited by Guarantee) Registered number: 06651848 Trustees' Report
The Trustees present their report and accounts for the year ended 31 July 2024.
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
Each person who was a director at the time this report was approved confirms that:
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so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
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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 2024 totalled £76,871 as against £75,669 in 2023. Total expenses incurred within the same period was £81854 as against £75,213 in 2023
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 13 March 2025 and signed on its behalf.
Trustee
Page 2
Divine Christian Church (Limited by Guarantee) Statement of Directors' Responsibilities
The trustees are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3
Divine Christian Church (Limited by Guarantee) Statement of Directors' Responsibilities
in 2023. Total expenses incurred within the same period was £81854 as against £75,213 in 2
Page 3
Page 3
023 Page 3
Divine Christian Church (Limited by Guarantee) Profit and Loss Account for the year ended 31 July 2024
| Notes Turnover Cost of sales Gross profit Administrative expenses Operating loss 2 Income from Gift Aid Loss on ordinary activities before taxation Tax on loss on ordinary activities Loss for the financial year |
2024 2023 £ £ 63,450 63,669 (5,265) (2,747) 58,185 60,922 (76,587) (75,213) (18,402) (14,291) 13,421 12,000 (4,981) (2,291) - - (4,981) (2,291) |
|---|---|
in 2023. Total expenses incurred within the same period was £81854 as against £75,213 in
Page 4
12023 Page 4
Divine Christian Church (Limited by Guarantee) Balance Sheet as at 31 July 2024
| Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 3 Net current liabilities Total assets less current liabilities Creditors: amounts falling due after more than one year 4 Net liabilities Capital and reserves Profit and loss account 5 Shareholders' funds |
2024 2023 £ £ 8,205 8,994 1,995 3,738 (23,113) (20,664) (21,118) (16,926) (12,913) (7,932) (14,024) (14,024) (26,937) (21,956) (26,937) (21,956) (26,937) (21,956) |
|---|---|
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 13 March 2025
in 2023. Total expenses incurred within the same period was £81854 as against £75,213 in 2023
Page 5
Divine Christian Church (Limited by Guarantee) Notes to the Accounts for the year ended 31 July 2024
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 2024 2023 £ £ This is stated after charging: Depreciation of owned fixed assets 2,880 2,642
| 3 Cost At 1 August 2023 Additions At 31 July 2024 Depreciation At 1 August 2023 Charge for the year At 31 July 2024 Net book value At 31 July 2024 At 31 July 2023 3 Creditors: amounts falling due within one year Bank loans and overdrafts Trade creditors Other creditors 4 Creditors: amounts falling due after one year Other creditors 5 Profit and loss account At 1 August 2023 Loss for the year At 31 July 2024 |
2024 £ 1,202 831 21,080 23,113 2024 £ 14,024 2024 £ (21,956) (4,981) (26,937) |
Plant and machinery etc £ 16,342 2,091 |
|---|---|---|
| 18,433 | ||
| 7,348 2,880 |
||
| 10,228 | ||
| 8,205 | ||
| 8,994 | ||
| 2023 £ 1,202 622 18,840 |
||
| 20,664 | ||
| 2023 £ 14,024 |
||
Page 6
Divine Christian Church (Limited by Guarantee) Schedule to the Profit and Loss Account for the year ended 31 July 2024
for the information of the trusteess only
| Sales Sales Cost of sales Purchases Other direct costs Administrative expenses Premises costs: Rent Rates Light and heat General administrative expenses: Telephone and fax Stationery and printing Donations Repairs and maintenance Depreciation Subscription Sundry expenses Legal and professional costs: Accountancy fees Consultancy fees Other legal and professional |
2024 2023 £ £ 63,450 63,669 5,265 2,673 - 74 5,265 2,747 65,500 68,500 1,800 1,114 - 500 67,300 70,114 990 1,090 735 - 245 - - 450 2,880 2,642 72 217 - 150 4,922 4,549 600 550 1,060 - 2,705 - 4,365 550 76,587 75,213 |
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