MINISTRIES INTERNATIONAL
Office Address: Army Reserve Centre, 312 London Road, London RM7 9NH
This being the Trustees’ report for Diadem Ministries International Aka Diadem Church from the period of January 1[st] to December 31[st] , 2022.
AIM AND OBJECTIVE :
-
Preaching the gospel, helping people to find and be established in their faith.
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Helping people to develop a good character based on the love of God and love for humanity, thereby making a better total person out of individuals and the society at large.
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Having an impact on communities through social responsibilities and welfare activities as a body and encouraging members to do the same as families and individuals.
MISSION AND EVANGELISM :
- Evangelism and teaching the word of Christ in all possible ways to all.
NON – CHURCH BASED CHARITABLE ACTIVITIES:
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Giving helping hands especially in funds, as endowed, to people or groups of people in need across the nation of the earth as deemed fit.
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Giving household materials out to the needy.
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Giving food items to the needy.
ACHIEVEMENTS:
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More families and individuals were reached in various ways and forms through the ministry activities.
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More welfare packages were distributed to members in cash, food items and other materials as palliatives throughout the year.
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The Feast of Ingathering which is our annual flagship program held between November 25[th] and 27[th] . The Highlights included:
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Graduation of the second set of students from Diadem School of Faith.
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Ordination of new sets of volunteering workers in the mission.
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The foreign mission supports through cash donations to various field missions was to the tune of 10% of all the ministry’s income and include support for special mission to Angola through one of our mission partners in Africa.
________________ Email: info@diademministries.org; www.diademministries.org Registered Charity No: 1128340
MINISTRIES INTERNATIONAL
Office Address: Army Reserve Centre, 312 London Road, London RM7 9NH
DONATIONS
All donations received were voluntary giving of our members through tithes, offerings, and special giving.
Budget performance in term of expected income and expenditure versus the actual income and expenditure was positive.
VOLUNTEERS:
The church had more volunteers trained and added to the existing work force.
ADMINISTRATION:
The administrative and spiritual oversight of the Church is handled by Dr Akinyemi Olayinka Akintunde who remains the Lead Pastor and Chairman of the Board.
________________ Email: info@diademministries.org; www.diademministries.org Registered Charity No: 1128340
MINISTRIES INTERNATIONAL
Office Address: Army Reserve Centre, 312 London Road, London RM7 9NH
NOTE:
There is no other significant change in the operation of the charity within the said period.
This being the Trustee’s report agreed upon for the said period and prepared on behalf of the Board of Trustees by Dr Akinyemi Olayinka Akintunde.
Attached along with this report are:
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The financial account of the mission showing the income and
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expenditure of the charity monthly.
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The 2022 Budget performance.
DECLARATION
The Trustees declare that they have approved the Trustees’ report above.
Signed on behalf of the Board of Trustees:
Akinyemi Olayinka Akintunde
________________ Email: info@diademministries.org; www.diademministries.org Registered Charity No: 1128340
MINISTRIES INTERNATIONAL
Office Address: Army Reserve Centre, 312 London Road, London RM7 9NH Chairman Board of Trustees
Diadem Ministries
04/05/2023.
________________ Email: info@diademministries.org; www.diademministries.org Registered Charity No: 1128340
Diadem Ministries International Statement of Financial Activities
For the period from 01 January 2022 to 31 December 2022
| Unrestricted | Restricted | Endowment | Total | Prior year | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | total funds | |
| Income and endowments from: | |||||
| Donations and legacies | 59,077.21 | 725.00 | - | 59,802.21 | 64,043.32 |
| Income from charitable activities | - | - | - | - | - |
| Other trading activities | - | - | - | - | - |
| Investments | - | - | - | - | - |
| Other income | 8,635.12 | - | - | 8,635.12 | 23,561.50 |
| Total income | 67,712.33 | 725.00 | - | 68,437.33 | 87,604.82 |
| Expenditure on: | |||||
| Raising funds | - | - | - | - | - |
| Expenditure on charitable activities | 70,254.59 | - | - | 70,254.59 | 50,210.37 |
| Other expenditure | 3,835.83 | - | - | 3,835.83 | 16,756.48 |
| Total expenditure | 74,090.42 | - | - | 74,090.42 | 66,966.85 |
| Net income / (expenditure) resources before transfer | (6,378.09) | 725.00 | - | (5,653.09) | 20,637.97 |
| Transfers: | |||||
| Gross transfers between funds - in | 836.76 | - | - | 836.76 | 341.25 |
| Gross transfers between funds - out | - | (836.76) | - | (836.76) | (341.25) |
| Other recognised gains / losses | |||||
| Gains/losses on investment assets | - | - | - | - | - |
| Gains on revaluation,fixed assets,charity's own use | - | - | - | - | - |
| Net movement in funds | (5,541.33) | (111.76) | - | (5,653.09) | 20,637.97 |
| Reconciliation of funds | |||||
| Total funds brought forward | 79,596.58 | 38,793.92 | - | 118,390.50 | 97,752.53 |
| Total funds carried forward | 74,055.25 | 38,682.16 | - | 112,737.41 | 118,390.50 |
(4 May 2023 5:19 am) Page 1 of 1
Diadem Ministries International
Analysis of income and expenditure Selected period: 01 January 2022 to 31 December 2022
| Total General Designated Restricted Endowment This year Last year |
|
|---|---|
| Income and endowments from: Donations and legacies 0301 - Offerring, Tithes, Seeds & Other Donations 0401 - Other Givings Donations and legacies Totals Income from charitable activities Income from charitable activities Totals Other trading activities 1201 - Bookstore transactions - sales Other trading activities Totals Investments Investments Totals Other income 0601 - Gift Aid recovered 1301 - Other Income 1302 - Loan Repayment 1401 - Retreat Donations Other income Totals Income and endowments Grand totals |
57,255.71 - - - 57,255.71 59,745.65 - 1,821.50 725.00 - 2,546.50 4,297.67 |
| 57,255.71 1,821.50 725.00 - 59,802.21 64,043.32 |
|
| - - - - - - - - - - - - |
|
| - - - - - - |
|
| - - - - - - 7,999.28 - - - 7,999.28 9,541.50 545.84 - - - 545.84 920.00 - - - - - 13,100.00 - 90.00 - - 90.00 - |
|
| 8,545.12 90.00 - - 8,635.12 23,561.50 |
|
| 65,800.83 1,911.50 725.00 - 68,437.33 87,604.82 |
Expenditure on:
| Raising funds Raising funds Totals Expenditure on charitable activities 1801 - Tithe, Welfare & Missionary 2001 - Salaries, Wages and Honorarium 2301 - Rent 2302 - Printing & Stationary 2303 - Church Equipments 2304 - Other Expenses 2401 - Telephone 2402 - Security Expenditure on charitable activities Totals |
|
|---|---|
| - - - - - - 6,664.84 - - - 6,664.84 6,845.48 24,617.27 - - - 24,617.27 20,205.11 13,694.96 - - - 13,694.96 12,691.00 805.73 - - - 805.73 819.71 4,621.41 - - - 4,621.41 1,477.02 15,481.00 550.00 - - 16,031.00 4,793.42 1,887.38 - - - 1,887.38 1,608.63 1,932.00 - - - 1,932.00 1,770.00 |
|
| 69,704.59 550.00 - - 70,254.59 50,210.37 |
Other expenditure
(4 May 2023 5:18 am) Page 1 of 2
| Total General Designated Restricted Endowment This year Last year |
|
|---|---|
| 2002 - Pension 2305 - Retreat 2403 - Insurance 2501 - Bookstore purchases 9901 - Loan to Members Other expenditure Totals Expenditure Grand totals |
1,649.83 - - - 1,649.83 1,570.40 - 2,186.00 - - 2,186.00 475.00 - - - - - 711.08 - - - - - - - - - - - 14,000.00 |
| 1,649.83 2,186.00 - - 3,835.83 16,756.48 |
|
| 71,354.42 2,736.00 - - 74,090.42 66,966.85 |
(4 May 2023 5:18 am) Page 2 of 2
Diadem Ministries International
Balance Sheet (Separate funds)
| General Designated Restricted Endowment At 31/12/2022 £ At 31/12/2021 £ |
|
|---|---|
| Fixed assets Current assets Debtors Investments Cash At Bank And In Hand Liabilities Net current assets less current liabilities Total assets less current liabilities Liabilities Total net assets less liabilities Represented by Unrestricted Unrestricted - General Fund Designated Designated - D.Brides Designated - Diadem Men Designated - Retreat Restricted Restricted - Bookstore Fund Restricted - Building Fund Fund Totals |
|
| - - - - - - |
|
| 4,858.00 - - - 4,858.00 4,958.00 - - - - - 836.76 60,360.76 8,836.49 38,682.16 - 107,879.41 112,595.74 |
|
| 65,218.76 8,836.49 38,682.16 - 112,737.41 118,390.50 |
|
| - - - - - - |
|
| 65,218.76 8,836.49 38,682.16 - 112,737.41 118,390.50 |
|
| 65,218.76 8,836.49 38,682.16 - 112,737.41 118,390.50 |
|
| - - - - - - |
|
| 65,218.76 8,836.49 38,682.16 - 112,737.41 118,390.50 |
|
| 65,218.76 - - - 65,218.76 69,935.59 - 6,364.10 - - 6,364.10 6,014.10 - 1,330.59 - - 1,330.59 1,094.09 - 1,141.80 - - 1,141.80 2,552.80 - - - - - 836.76 - - 38,682.16 - 38,682.16 37,957.16 |
|
| 65,218.76 8,836.49 38,682.16 - 112,737.41 118,390.50 |
(4 May 2023 5:23 am) Page 1 of 1
Diadem Ministries International Statement of Financial Activities
For the period from 01 January 2022 to 31 December 2022
| Unrestricted | Restricted | Endowment | Total | Prior year | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | total funds | |
| Income and endowments from: | |||||
| Donations and legacies | 59,077.21 | 725.00 | - | 59,802.21 | 64,043.32 |
| Income from charitable activities | - | - | - | - | - |
| Other trading activities | - | - | - | - | - |
| Investments | - | - | - | - | - |
| Other income | 8,635.12 | - | - | 8,635.12 | 23,561.50 |
| Total income | 67,712.33 | 725.00 | - | 68,437.33 | 87,604.82 |
| Expenditure on: | |||||
| Raising funds | - | - | - | - | - |
| Expenditure on charitable activities | 70,254.59 | - | - | 70,254.59 | 50,210.37 |
| Other expenditure | 3,835.83 | - | - | 3,835.83 | 16,756.48 |
| Total expenditure | 74,090.42 | - | - | 74,090.42 | 66,966.85 |
| Net income / (expenditure) resources before transfer | (6,378.09) | 725.00 | - | (5,653.09) | 20,637.97 |
| Transfers: | |||||
| Gross transfers between funds - in | 836.76 | - | - | 836.76 | 341.25 |
| Gross transfers between funds - out | - | (836.76) | - | (836.76) | (341.25) |
| Other recognised gains / losses | |||||
| Gains/losses on investment assets | - | - | - | - | - |
| Gains on revaluation,fixed assets,charity's own use | - | - | - | - | - |
| Net movement in funds | (5,541.33) | (111.76) | - | (5,653.09) | 20,637.97 |
| Reconciliation of funds | |||||
| Total funds brought forward | 79,596.58 | 38,793.92 | - | 118,390.50 | 97,752.53 |
| Total funds carried forward | 74,055.25 | 38,682.16 | - | 112,737.41 | 118,390.50 |
(4 May 2023 5:19 am) Page 1 of 1
Diadem Ministries International
Analysis of income and expenditure Selected period: 01 January 2022 to 31 December 2022
| Total General Designated Restricted Endowment This year Last year |
|
|---|---|
| Income and endowments from: Donations and legacies 0301 - Offerring, Tithes, Seeds & Other Donations 0401 - Other Givings Donations and legacies Totals Income from charitable activities Income from charitable activities Totals Other trading activities 1201 - Bookstore transactions - sales Other trading activities Totals Investments Investments Totals Other income 0601 - Gift Aid recovered 1301 - Other Income 1302 - Loan Repayment 1401 - Retreat Donations Other income Totals Income and endowments Grand totals |
57,255.71 - - - 57,255.71 59,745.65 - 1,821.50 725.00 - 2,546.50 4,297.67 |
| 57,255.71 1,821.50 725.00 - 59,802.21 64,043.32 |
|
| - - - - - - - - - - - - |
|
| - - - - - - |
|
| - - - - - - 7,999.28 - - - 7,999.28 9,541.50 545.84 - - - 545.84 920.00 - - - - - 13,100.00 - 90.00 - - 90.00 - |
|
| 8,545.12 90.00 - - 8,635.12 23,561.50 |
|
| 65,800.83 1,911.50 725.00 - 68,437.33 87,604.82 |
Expenditure on:
| Raising funds Raising funds Totals Expenditure on charitable activities 1801 - Tithe, Welfare & Missionary 2001 - Salaries, Wages and Honorarium 2301 - Rent 2302 - Printing & Stationary 2303 - Church Equipments 2304 - Other Expenses 2401 - Telephone 2402 - Security Expenditure on charitable activities Totals |
|
|---|---|
| - - - - - - 6,664.84 - - - 6,664.84 6,845.48 24,617.27 - - - 24,617.27 20,205.11 13,694.96 - - - 13,694.96 12,691.00 805.73 - - - 805.73 819.71 4,621.41 - - - 4,621.41 1,477.02 15,481.00 550.00 - - 16,031.00 4,793.42 1,887.38 - - - 1,887.38 1,608.63 1,932.00 - - - 1,932.00 1,770.00 |
|
| 69,704.59 550.00 - - 70,254.59 50,210.37 |
Other expenditure
(4 May 2023 5:18 am) Page 1 of 2
| Total General Designated Restricted Endowment This year Last year |
|
|---|---|
| 2002 - Pension 2305 - Retreat 2403 - Insurance 2501 - Bookstore purchases 9901 - Loan to Members Other expenditure Totals Expenditure Grand totals |
1,649.83 - - - 1,649.83 1,570.40 - 2,186.00 - - 2,186.00 475.00 - - - - - 711.08 - - - - - - - - - - - 14,000.00 |
| 1,649.83 2,186.00 - - 3,835.83 16,756.48 |
|
| 71,354.42 2,736.00 - - 74,090.42 66,966.85 |
(4 May 2023 5:18 am) Page 2 of 2
Diadem Ministries International
Balance Sheet (Separate funds)
| General Designated Restricted Endowment At 31/12/2022 £ At 31/12/2021 £ |
|
|---|---|
| Fixed assets Current assets Debtors Investments Cash At Bank And In Hand Liabilities Net current assets less current liabilities Total assets less current liabilities Liabilities Total net assets less liabilities Represented by Unrestricted Unrestricted - General Fund Designated Designated - D.Brides Designated - Diadem Men Designated - Retreat Restricted Restricted - Bookstore Fund Restricted - Building Fund Fund Totals |
|
| - - - - - - |
|
| 4,858.00 - - - 4,858.00 4,958.00 - - - - - 836.76 60,360.76 8,836.49 38,682.16 - 107,879.41 112,595.74 |
|
| 65,218.76 8,836.49 38,682.16 - 112,737.41 118,390.50 |
|
| - - - - - - |
|
| 65,218.76 8,836.49 38,682.16 - 112,737.41 118,390.50 |
|
| 65,218.76 8,836.49 38,682.16 - 112,737.41 118,390.50 |
|
| - - - - - - |
|
| 65,218.76 8,836.49 38,682.16 - 112,737.41 118,390.50 |
|
| 65,218.76 - - - 65,218.76 69,935.59 - 6,364.10 - - 6,364.10 6,014.10 - 1,330.59 - - 1,330.59 1,094.09 - 1,141.80 - - 1,141.80 2,552.80 - - - - - 836.76 - - 38,682.16 - 38,682.16 37,957.16 |
|
| 65,218.76 8,836.49 38,682.16 - 112,737.41 118,390.50 |
(4 May 2023 5:23 am) Page 1 of 1