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|CONTENTS|PAGE|
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|Administrative
information||
|Trustees report||
|Independent
examiners report||
|Statement offinancial activities||
|Balance sheets||
|Note tothe financial statements||
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||DIVINE|DIVINE|PROPHETIC|INTERDENOMINATIONAL|INTERDENOMINATIONAL|INTERDENOMINATIONAL|MINI|Charity|No||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||(ifany)|||||
|||||Annual accounts for|||the|eriod||||CC17a|
||Period start date||||28/08/2019|To||Period snd
date||~|27/08/2020||
|||||||Restricted|||||||
|Recommended
categories by activity|Details ofown
analysis|||o0|Unrestricted
funds
E|income
fundsf||Endowment
funds
E|||Total this
year
E|Total last year
E|
|Incoming resources (Note||3)|||F01|F02||F03|||F04|F05|
|Incoming resources from|||||||||||||
|generated
funds|||||162,957||||||162,957|181510|
|Voluntary
income||||501|||||||||
|Activities for gsnsrsling
funds||||302|||||||||
|Invsslmsnl
income||||303|||||||||
|Incoming resources from|||||||||||||
|charitabls
activities||||S04|||||||||
|Other incoming resources||||S05|||||||||
|Totalincomingnssources||||505|162957||||||162957|181510|
|Resources expended|(Notes 4-8)||||||||||||
|Costs ofGenerating
Funds|||||||||||||
|Costs ofgenerating
voluntary|||||||||||||
|income||||307|20,570||||||20,570|32,433|
|Fundrsising
trading ccsls||||305|||||||||
|Investment
msnsgsmsnl
costs||||S09|||||||||
|Charitable
activities||||S10|67834||||||67834|114,482|
|Governance costs||||311|17,796||||||17,796|25,710|
|Other resources expended||||312|||||||||
|Total nssources expended||||313|106200||||||106200|172625|
|Netincomlng/(outgoing)|resources before||||||||||||
||||transfers|S14|56,757||||||56,757|8,885|
|Gross transfers
between funds||||315|||||||||
|Netincomingl(outgoing)|resoumes befom||||||||||||
|other recognised||gains/(losses)||sf5|56757||||||56757|8885|
|Other recognised
gains/(losses)|||||||||||||
|Gains and losses on revaluation||offixed assets|||||||||||
|for the charily's
own use||||317|||||||||
|Gains snd losses on investment||assets||SI5|||||||||
|Net movement|||in funds|519|56,757||||||56757|8,885|
|Total funds brought
forward||||320|||||||||
|Total funds cerned|||forward|sm|56,757||||||56757||
|~
a|||||e ~|~||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Restricted|||||
||||||||u|Unrestricted|income|Endowment|Total this|Total last||
||||||||O|funds|funds|funds|year||year|
|||||||||E|E|E|E||E|
|Fixed assets||||||||F01|F02|F03|F04||F05|
|Tangible assets|||(Note 9)||||801|23,401|||23,401||31,201|
||||||||802|||||||
||||(Note 10)||||803|||||||
|||Total fixed assets|||||804||||||31,201|
|Current assets||||||||||||||
|Stock and work in|progress||||||805|||||||
|Debtors|||(Note 11)||||605|||||||
|(Short term) investments|||||||807|||||||
|Cash at bank and|in|hand|||||808|44, 5|||||15,285|
||Total||current assets||||809||||44,45||15,265|
|Creditors: amounts||falling||due within||||||||||
|one year
(Note 12)|||||||810|1,500|||1,500||1,500|
|Net current||assetsl(liabilities)|||||811|42,957|||42,957||15,285|
|Total assets less||cunsnt liabilities|||||812||||||46,486|
|Creditors: amounts||falling||due after||||||||||
|one year|(Note||12)||||813|||||||
|Prokisions for liabilities|||and|charges|||814|||||||
|||||Net assets|||815||||||46,486|
|Funds ofthe Charity||||||||||||||
|Unrestricted
funds|||||||810|66,358|||66,358||46,486|
||||||||817|||||||
|Restricted income|funds||(Nots 13)||||618|||||||
|Endowment
funds|(Note||13)||||819|||||||
||||Total funds||||620||||66,||46,486|
|Signed by one or two
the trustees|trustees on|||behalf|of sli|||Signature||Print|Name|Date of
a
revel||
|||||||||||PASTOR B.G. OLAYIWOLA||25/10/2021||
|Note 2||||Accounting
policies|Accounting
policies||||
|---|---|---|---|---|---|---|---|---|
|This standard list of||accounting policies has been applied by the charity accept for those deleted.||||Iyhwe a different or|||
|additional policy has|||been|adopted then thisisderailed in the box below.|||||
|INCOMING RESOURCES|||||||||
|Recognition|ofIncoming||||These are included
in the Statement of Financial Acgvities (SoFA)when:||||
|resources|||||~
the charity becomes entitled tothe resources;||||
||||||~
the trustees are virtually
certain they will receive the resources; and||||
||||||~
the monetary
value can be measured
with sufficient
reliability.||||
|Incoming resources||with|||Where incoming resources
have related expenditure
(as with fundraising|orcontract income)|||
|related expenditure|||||the incoming resources and related expenditure
are reported gross in the|SoFA.|||
|Grants and|donations||||Grants and donations are only included
in the SoFA when the charity has|unconditional|||
||||||entitlement
tothe resources.||||
|Tax reclaims on donations|||||Incoming
resources
from tax reclaims are included
in the SoFA atthe same time as the gift to||||
|and gifts|||||which they relate.||||
|Contractual|Income and||||This is only included
in the SoFA once the related goods or services have|been delivered.|||
|performance|related|grants|||||||
|Gifts in kind|||||Gifts in kind are accounted for ata reasonable
estimate oftheir value tothe charity orthe
amount
actually realised.||||
||||||Gifts in kind forsale or distribution
are included
in the accounts as gifts only when sold or||||
||||||distributed
by the charity.||||
||||||Gifts in kind for use by the charity are included
in the SoFA as incoming resources when||||
||||||receivable.||||
|Donated services and|||||These are only included
in incoming
resources
(with an equivalent
amount|in resources|||
|facilities|||||expended)
where the benefit tothe charity is reasonably
quantifiable,
measurable
and material.||||
||||||The value placed on these resources
isthe estimated
value to the charity|ofthe service or|||
||||||facility mceived.||||
|Volunteer
help|||||The value ofany voluntary
help received is not included
in the accounts but is described
trustees'
annual
report.||in the||
|Investment|income||||This is included
in the accounts when receivable.||||
|Investment|gains and||losses||This includes any gain or loss on the sale ofinvestments
and any gain or|loss resulting
from|||
||||||revaluing
investments
to market value at the end ofthe year.||||
|EXPENDITURE|||AND||LIABILITIES||||
|Liability recognition|||||Liabilities are recognised as soon as there isa legal or constructive
obligation
committing|||the|
||||||charity to pay out resources.||||
|Governance|costs||||Include costs ofthe preparation
and examination
ofstatutory accounts, the costs oftrustee||||
||||||meetings
and cost ofany legal advice to trustees on governance
or constitutional
rnattem.||||
|Grants with|perfonnance||||Where the charity gives a grant with conditions
for its payment
being a speciTic level ofservice||||
|conditions|||||or output to be provided,
such grants are only recognised
in the SoFAonce the recipient ofthe||||
||||||grant has provided
the specified service or output.||||
|Grants payable without|||||These are only recognised
in the accounts when a commitment
has been|made and there||are|
|performance|conditions||||no conditions
to be met relating tothe grant which remain
in the control of|the charity.|||
|Support Costs|||||Support costs include central functions
and have been allocated to actkrity|cost categories||on a|
||||||basis consistent
with the use of resources, eg allocating
property costs by|floor areas, or|per||
||||||capita, staff costs by the time spent and other costs by their usage.||||
|ASSETS|||||||||
|Tangible fixed assets|||for use||These are capitalised
ifthey can be used for more than one year, and cost at leastf500.|||They|
|by charity|||||are valued at cost ora reasonable
value on receibt.||||
|Investments|||||Investments
quoted on a recognised
stock exchange are valued at market|value atthe year|||
||||||end.
Other investment
assets are included
at trustees'
best estimate of market value.||||
|Stocks and work in progress|||||These are valued at the lower ofcost or market value.||||
|POLICIES ADOPTED|||||||||
|ADDITIONAL|||TO OR||||||
|DIFFERENT FROIIII|||THOSE||||||
||||ABOVE||||||
||~
~|~|||
|---|---|---|---|---|
|Note 3|Analysis ofincoming|resources|||
|Incoming|resources mey be further ens/ysed if|th/e would help the reader ofthe|accounts.||
||||This year|Lest year|
|||Analysis|6||
|Voluntary|income||162957|181,510|
|||Total|162,957|181,510|
|Activities|for generafing||||
|funds|||||
|||Total|||
|Investmant|income||||
|||Total|||
|Incoming|resources from||||
|charitable|activities||||
|||Total|||
|Note 4|||Analysis ofresources expended|Analysis ofresources expended||||
|---|---|---|---|---|---|---|---|
|Resources||expended|may be further analysed|ifthis would help|the reader ofthe|accounts.||
|||||||This year|Last year|
|||||Analysis||6|6|
|Costs ofgenerating||||||20,570|32,433|
|voluntary|income|||||||
||||||Total|20,570||
|Fundraising||trading||||||
|costs||||||||
||||||Total|||
|Investment||||||||
|management||costs||||||
||||||Total|||
|Charitable|activities|||||||
|||||||67,834|114,482|
||||||Total|67,834|114,482|
|Governance||costs||||17,796|25,710|
||||||Total|17,796|25,710|
||||||Fundraising|activity|Charitable|Activity|Governance|Activity|Total|Cast|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Su|ort|cost|t|e|R||6||||||
|||||Total|||||||||
##
##
|services pr
appropriate|ovided by yo
boxfes).|urindepe|ndent
examiner orau|ditor.
Ifnoth|ing
was paid please e|nter NONEin the|
|---|---|---|---|---|---|---|
||||||This year|Last year|
|||||||6|
|independent|examiner's|or auditors' fees for reporting||on the|||
|accounts|||||1 500.00|1 500.00|
|Other fees|(for example:|advice,|consultancy,
accountancy||||
|services) paid tothe independent|||examiner or auditor||||
##
|grants||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Grants to||Grants to||
|||||||institutions||mdwiduals||
|Purpose|for|which|grants|made||Total amount|8|Total amount|8|
||||||Total|||||
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|||Freehold|land|Otherland|&|Plant,|Fixtures,|Payments|on|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||&buildings||buildings||machinery|fittings and|account|and||
|||||||and motor|equipment|assets under|||
|||||||vehicles||construction|||
|Balance brought||||||45,759|66,869|||112,628|
|forward|||||||||||
|Additions|||||||||||
|Revaluations|||||||||||
|Dispose le|||||||||||
|Transfers *|||||||||||
|Balance carried||||||45,759|66,&69|||112,628|
|forward|||||||||||
|9.2Accumulated||depreciation|and|impairment|provisions||||||
|||Basis||||SL|SL||||
|||Rate||||25'Yo|25%||||
|Balance brought||||||35,375|46,052|||81,427|
|forward|||||||||||
|Depreciation|charge|||||2,596|5,205|||7,801|
|for year|||||||||||
|Impairment|provisions||||||||||
|Revaluations|||||||||||
|Disposals|||||||||||
|Transfers*|||||||||||
|Balance carried||||||37,971|51,257|||89,228|
|forward|||||||||||
|9.3Net book value|||||||||||
|Brought forward||||||10,384|20,817|||31,201|
|Carried forward||||||7,788|15,612|||23,400|
|9A Revaluation|||||||||||
|Ifany fixed|assets have been||revalued please||give|details ofthe|valuer and method ofvaluation||||
|Carrying
(markst) value at beginning
ofyear|
|---|
|Add: additions
lo investments
at cost|
|Less: disposals
at carrying
value|
|Add/(deduct):
nei gain/(loss)
on revaluation|
|Carrying
(markat) value at end ofyear|
##
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|10.3 A breakdown
ofthe incom
|e fr|om|investments|agreeing
with SOFA ro|w S03.|||
|---|---|---|---|---|---|---|---|
|Analysis ofinvestments|||||10.2|10.3||
||||||Market value at|Income from||
||||||rear end|Investments|for|
|||||||the year||
|Investment
properties||||||||
|Investments
listed on a recognised|stock||exchange or held in common|||||
|investment
funds, open ended investment|||companies,|unit trusts orother||||
|collective investment
schemes||||||||
|Investments
in subsidiary or connected||undertakings||and companies||||
|Securities not listed on a recognised|Stock Exchange|||||||
|Cash held as part ofthe investment|portfolio|||||||
|Other investments||||||||
|||||Total||||
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|Note 11
D|Note 11
D|ebtors and prepayments|ebtors and prepayments||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Please complete this note||ifthe charity has any debtors||or|a|ants.|||||
|Analysis ofdebtors||||Amounts
within||falling due
one year||Amounts
more|falling due after
than one year||
|||||This year||Last year||This year||Last year|
||||||E||E|E||E|
|Trade debtors|||||||||||
|Amounts
due|from subsidiary||and associated||||||||
|undertakings|||||||||||
|Other debtors|||||||||||
|Prepayments|and accrued|income|||||||||
||||Total||||||||
|Note 12|Creditors and accruals||||||||||
|Please complete this note||ifthe charity has any creditors||or|accrue/s.||||||
|12.1 Analysis|ofcreditors||||||||||
|||||Amounts||falling|due|Amounts|falling due after||
||||||within|one year||more|than|one year|
|||||This year||Last|year|This year||Last year|
|||||||||K||E|
|Loans and overdraRs|||||||||||
|Trade creditors|||||||||||
|Amounts
due|to subsidiary|and associated|||||||||
|undertakings|||||||||||
|Other creditors|||||1,500||1,500||||
|Accruals and|deferred income||||||||||
||||Total||||||||
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|||||und|||||Fun|
|---|---|---|---|---|---|---|---|---|---|
|||||balances|||||balances|
|||||brought|Incoming|Outgoing||Gains and|carried|
|||||forward|resources|resources|Transfers|losses|forward|
|Fund|names|||E|||E|E|E|
|||Total|Funds|||||||
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|Name|of|trustee|or|connected|party|Legal authority
(eg order,
governing
document)|This year
Last year
Amounts
paid or benefit value|
|---|---|---|---|---|---|---|---|
||||||||K
E|
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|Name oftrustee or
connected
party|Legal authority|This year
K
Amount|Last year
E
owing|
|---|---|---|---|
|elated panty has amate|rial inter:st.|||||
|---|---|---|---|---|---|
|Name ofthe trustee|Relationship|to|Description ofthe|This year|Last year|
|or related party|charity||transaction(s)|6|E|