# # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Divine|Divine|Prophetic|Prophetic|Interdenominational|Interdenominational|Ministries|Charity
(ifany)|No|1138284|| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||Annual accounts for the|||period|||CC~7a| ||Period start||||date||28/08/2020|To|Period end
date||27/08/2021|| |||||||||Restricted||||| |Recommended||Details|||ofown|e|Unrestricted|income|Endowment||Total this|Total last| |categories
by activity|||analysis||||funds|funds|funds||year|year| ||||||||E|E|E|||| |Incoming resources (Note|||3)||||F01|F02|F03||F04|F05| |Incoming resources from||||||||||||| |generated
funds|||||||43,191||||43,191|162,957| |Voluntary
income||||||301||||||| |Activities for generating
funds||||||002||||||| |Investment
income||||||003||||||| |Incoming resources from||||||||||||| |charitable
activities||||||S04||||||| |Other incoming
raaoumea||||||305||||||| |Total incoming resources||||||soo|43,191||||43,191|162957| |Resources expended|(Notes 4-8)|||||||||||| |Costs of Generating
Funds||||||||||||| |Costs or generating
voluntary||||||||||||| |income||||||307|3,600||||3,600|20,570| |Fundraising
trading costs||||||||||||| |Investment
management
costs||||||Sog||||||| |Charitable
activities||||||310|58,224||||58,224|67,834| |Governance costs||||||011|9,489||||9,489|17,796| |Other reaoumea
expended||||||312||||||| |Total msources expended||||||013|71,313||||71313|106,200| |Netincomingl(outgoingj|msoumes||||before|||||||| |||||transfers||314|28,122||||28,122|56,757| |Gross transfers
between funds||||||315||||||| |Nst /ncomingl(outgoing)|msoumes||||before|||||||| |other mcognised|||gainsl(losses)|||std|28 122||||28,122|56,757| |Other recognised
gains/(losses)||||||||||||| |Gains and losses on revaluation|||offixed||assets|||||||| |for the charity's
own use||||||317||||||| |Gains and losses on investment|||assets|||013||||||| |Net movementin|||||funds|010|28 122||||28,122|56,757| |Total funds brought
forward||||||020|56,757||||56,757|| |Total funds cerned||||I'oNvand||sm|28635||||28,635|56,757| |~
s|||||\|~|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||Restricted||||| ||||||||s|Unrestricted|income|Endowment|Total this|Total last|| ||||||||z|funds
E|funds
f|funds
E|year
E||year
E| |Fixed assets||||||||F01|F02|F03|F04||F05| |Tangible assets|||(Note 9)||||801|17,549|||17,549||23,401| ||||||||802||||||| |Investments|||(Note 10)||||803||||||| |||Total fixed assets|||||804|17,549|||7,5||23,401| |Current assets|||||||||||||| |Stock and work in|progress||||||805||||||| |Debtors|||(Note 11)||||||||||| |(Short term) investments|||||||807||||||| |Cash at bank and|in|hand|||||806|51,175|||75||44,457| ||Total||current assets|||||51,175|||51,175||44,457| |Creditors: amounts||falling||due within|||||||||| |one year
(Note 12)|||||||810|1,500|||1,500||1,500| |Net cunent||assetsl(liabilities)|||||811|49,675|||49,675||42,957| |Total assets less||cunent liabilities|||||812||||||66,358| |Creditors: amounts||falling||due after|||||||||| |one year
(Note|||12)||||813|50,000|||50,000||| |Provisions for liabilities|||and|charges|||814||||||| |||||Net assets|||815|17,2|||17,224||66,358| |Funds ofthe Charity|||||||||||||| |Unrestricted
funds|||||||816|17,224|||17,224||66,358| ||||||||817||||||| |Restricted income|funds||(Nots 13)||||818||||||| |Endowment
funds|(Note||13)||||810||||||| ||||Total funds||||820|17,224|||17,224||66,358| |Signed by one or lwc trustees
the trustees|||on|behalf|ofall|||Signature||Print|Name|Date of
a
revel|| |||||||||||PASTOR 8G OLAYIWOLA||09/03/2024|| |Note 2||Accounting
policies|Accounting
policies|||| |---|---|---|---|---|---|---| |This standanf listofaccounting policies has been applied by the charity except lbr those deleted.||||Where a diffemnt or||| |additional policy has been||adopted then thisis detailedin
the box below.||||| |INCOMING RESOURCES||||||| |Recognitlon|ofIncoming||These are included
in the Statement ofFinancial Activities (SoFA)when:|||| |lssollrces|||~
the charity becomes entitled
to the 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|or contract 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
to the resources.|||| |Tax reclaims on donations|||Incoming resources
from tax redaims are included
in the SoFA at the same time as the giR 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 Idnd|||Gifts in kind are accounted
for ata reasonable
estimate oftheir value to the charity or the
amount actually realised.|||| ||||Gifts in kind for sale 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 to the charity is reasonably
quantifiable,
measurable
and material.|||| ||||The value placed on these resources is the estimated
value to the charity|ofthe service|or|| ||||facility received.|||| |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 orloss on the sale of investments
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
matters.|||| |Grants with|performance||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| |perfonnance|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 ectivity|cost categories||on a| ||||basis consistent
with the use ofresources, 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 least 5500.|||They| |by charity|||are valued at cost or a reasonable
value on receipt.|||| |Investments|||Investments
quoted
on a recognised
stock exchange are valued at market|value at the year||| ||||end.
Other investment
assets are included at trustees' best estimate ofmarket value.|||| |Stocks and work In progress|||These are valued at the lower ofcost or market value.|||| |POLICIES ADOPTED||||||| |ADDITIONAL TO OR||||||| |DIFFERENT FROM THOSE||||||| ||ABOVE|||||| |Note 3||Analysis ofincoming resources||| |---|---|---|---|---| |incoming|resources may|be further analysed ifthis would help the reader ofthe|accounts.|| |||Analysis|This year
f|Last year| |Voluntary|income||43,191|162957| |||Total|43,191|162,957| |Activities|for generating|funds||| |||Total||| |Investment|income|||| |||Total||| |Incoming|resources from|||| |charitable|activities|||| |||Total||| |Mote 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||R|5| |Costs ofgenerating||||||3600|20570| |voluntary|income||||||| ||||||Total|3,600|20,570| |Fundraising||trading|||||| |costs|||||||| ||||||Total||| |Investment|||||||| |management||costs|||||| ||||||Total||| |Charitable|activities|||||58,224|67,834| ||||||Total|58,224|67,834| |Governance||costs||||9,489|17,796| ||||||Total|9,489|17,796| ## |||||Fundraiaing|activity|Charitable|Activity|Governance|Activity|Total|Cost| |---|---|---|---|---|---|---|---|---|---|---|---| |Su|ort|cost|e|R||K|||||| ||||Total||||||||| ## ## |services pr
appropriate|ovided by yo
box(es).|ur indep|endent
examiner orau|ditor.
Ifnoth|ing
was paid please|enter NONE i| |---|---|---|---|---|---|---| ||||||This year|Last year| ||||||R|| |independent|examiner's|or auditors' fees for reporting||on the||| |accounts||||||| |Other fees (for example: advice,
services) paid tothe independent|||consultancy,
accountancy
examiner or auditor||1500|1500| ## ## |grants|||||||| |---|---|---|---|---|---|---|---| |||||||Grants to|Grants to| |||||||institutions|individuals| |Purpose|for|which|grants|made||Total amount 8|Total amount f| ||||||Total||| ## ## |ions
s|u
rted.||||| |---|---|---|---|---|---| |Names|ofinstitutions|Purpose|||Total amount of
grants
aid 8| |||Total|grants|toinstitutions|| |||Freehold|land|Other land|&|Plant,|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|||||||||||| |Disposals|||||||||||| |Transfers *|||||||||||| |Balance carried||||||45,759||66,869|||112,628| |forward|||||||||||| |9.2Accumulated||depreciation|and impairment||provisions||||||| |||Basis||||SL||SL|||| |||Rate||||25%||25%|||| |Balance brought
forward||||||37,971||51,257|||89,228| |Depreciation|charge||||||1,947|3,903|||5,850| |for year|||||||||||| |Impairment|provisions||||||||||| |Revaluations|||||||||||| |Disposals|||||||||||| |Transfers*|||||||||||| |Balance carried||||||39,918||55,160|||95,078| |forward|||||||||||| |9.3Net book value|||||||||||| |Brought forward|||||||7,788|15,612|||23,400| |Carried forward|||||||5,841|11,709|||17,550| |9.4 Revaluation|||||||||||| |ifany fixed|assets have been revalued please give|||||details ofthe||valuer and method ofvaluation|||| ## ## |Carrying
(market) value at beginning
ofyear| |---| |Add: additions to investments
at cost| |Less: disposals at carrying value| |Add/(deduct):
net gain/(loss)
on revaluation| |Carrying
(market) value at end ofyear| |10.3 A
|breakdown
of
|breakdown
of
|the income|fro|m|investments|agreeing
with SOFA ro|w 803.||| |---|---|---|---|---|---|---|---|---|---|---| |Analysis|ofinvestments|||||||10.2|10.3|| |||||||||Market value et|Income from|| |||||||||year end|investments|for| ||||||||||the year|| ||||||||||2|| |Investment|properties|||||||||| |Investments|listed on|a recognised||stock||exchange or held in common||||| |investment|funds, open ended investment|||||companies,|unit trusts or other|||| |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|||| ## ## |Note 11|Debtors and prepayrnents|Debtors and prepayrnents|Debtors and prepayrnents||||||| |---|---|---|---|---|---|---|---|---|---| |Please complete this note if||the charity has any|debtom|or|a|ants.|||| |Analysis ofdebtors||||Amounts
within||fusing due
one year|Amounts
more|falling due after
than one year|| |||||This year||Last year|This year||Last year| ||||||||||K| |Trade debtors|||||||||| |Amounts
due|from subsidiary|and associated|||||||| |undertakings|||||||||| |Other debtors|||||||||| |Prepayments|and accrued income||||||||| ||||Total||||||| ||||||Amounts|falling due|falling due|Amounts|falling|falling|due after| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||within|one|year|more|than|one year|| ||||||This year|Last year||This year||Last year|| ||||||||R||||K| |Loans and overdrafts|||||50,000||||||| |Trade creditors|||||||||||| |Amounts|due to subsidiary||and associated||||||||| |undertakings|||||||||||| |Other creditors|||||1,500||1,500||||| |Accruals|and deferred|income|||||||||| |||||Total|||1,500||||| ## ## ## |||||un|||||Fund| |---|---|---|---|---|---|---|---|---|---| |||||balances|||||balances| |||||brought|Incoming|Outgoing||Gains and|carried| |||||forward|resources|resources|Transfers|losses|forward| |Fund|names|||E|E|E|K||E| |||Total|Funds||||||| ## |13.3Transfers
between|funds||| |---|---|---|---| |Please give details ofany|transfers between funds.||| |From Fund (Name)|To Fund (Name)|Reason|Amount| ## |r relat|ed|parties|by|the charity|oranyins|titution
orcompany connected|with it.| |---|---|---|---|---|---|---|---| |Name|of|trustee|or|connected|party|Legal authority
(eg order,
governing
document)|This year
Last year
Amounts
paid or benefit value| ||||||||E
K| ## |Name oftrustee or
connected
party|Legal authority|This year
Amount|Last
owing|year| |---|---|---|---|---| |||E||K| |elated party has amate|rial interest.||||| |---|---|---|---|---|---| |Name ofthe trustee|Relationship|to|Description ofthe|This y'ear|Last year| |or related party|chari||transaction(s)||e| ##