2022-03-31-accounts - The Divine Worshippers Christian Ministries

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Reference and Administrative information	Reference and Administrative information
Report ofthe Tmstees		2-6
Independent Examiner's Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the financial	statements	10-13
The foltovving pages	do not fotan part ofthe Financial Statements:
Detailed Statement of	Financial Activities	14

The tntstees who are directors for the putpose ofcompany law and who served during	The tntstees who are directors for the putpose ofcompany law and who served during	The tntstees who are directors for the putpose ofcompany law and who served during	The tntstees who are directors for the putpose ofcompany law and who served during	the year
and since the year end were:-
	Reverend Brunikole Omobitan		(Chair - Tmstees)
	Reverend (Mrs) Margaret	Omobitan
	Mr Babatunde Akande
REGISTERED OFFICE:	37CLEMFNCF. ROAD,
	DAGENHAM ESSEX
	RM10 9YN
SECRETARY:	Reverend Banukole Omobitan
BANKERS:	LLOYDS BANI& PLC
	CRANBROOK. ROAD
	ILFORD
	ESSEX
ACCOUNTANTS:	DANIEL FAMOI& &ASSOCIATES
	ACCOUNTANTS &FINANCIAL			CONSULTANTS
	UNIT 209(SECOND FLOOR)
	TUDORLEAF BUSINESS CENTRE,
	2-8 FOUNTAYNE ROAD, LONDON
	N15 4QL
DWCM WORSHIP CENTRE	(FIRSTFLOOR)
	12BRIDGECLOSE
	ROMFORD
	RM7 OAU

				2022	2022	2021
			Unrestricted	Restricted	Total	Total
		Notes	Fuuds	Funds	Funds	Funds
						8
INCOMING RESOURCES		l. I
Iocntuing resottrcesft out ge&terated	fintds
Voluntary income:-
Donations gc Offerings			41,603		41,603	29,655
Investment income			80		80	l,053
Incotning resources fiom Citaritahie	Activities
Member's and Building funds			550		550	1,555
Other incotning resonrces
HMRC Gift Aid Tax Reclaims			11,170		11,170	8,306
TOTAL INCOMING RESOURCES			53,403		53,403	40,569
RESOURCES EXPENDED		1.2
Costs ofgenerating ftmds
Costs ofgenerating voluntary	income	3&4b	30,772		30,772	18,318
Cttari table Aca'vines		4(a)	9,471		9,471	9,303
Governance Costs			2,189		2,189	1,801
TOTAL RESOURCES EXPENDED			42)432		42,432	29,422
NKT MOVEMENT IN FUNDS			10,971		10&971	11,147
RECONCILIATION OF FUNDS
Total funds brought Forward		15	127,316		127,316	116,169
TOTAL FUNDS CARRIED FORWARD			138,287		138,287	127,316

	I' IF B	VI	T f	RC	ntiST ip 02
			'~ct		2~02	2ll I
					5
	i&IX~FSS~K		'2. '		1.594	2,1Ki
	Tacsiblc FRIG Amen
;	,+CJkg&~f' .~5 ! &7 deb&a&c Fined'I'mm Iavcttmmm ' &Cmh'atbnckandiahiad		Ill	I;500 100&000 35.G57 ~l37 457		:4,180 50,000 41,273 ~l7,$451
	;: &Fnaa CC~KDIT~Q
	cAmmatt fcUinS dec mithln onc	7&or	Il	~763 '		~263
	:Ã6'I'CORRIII7ASSR'I5		IS		l36,694	125,190
	;::I'otal &Imtit'1445 IdabIUIRF				138;207	I27476
	'~OIIRF~RICTgR FuXRS nihil fimdt&		15	~I35207		127,31G
				~I302S7		127.316

2	TANGIBLE FIXEDASSETS	M			M 1		Total
		P*hl	1	t	t ~h&f h		2022
	COSTS:
	Cost at 1stApril 2021	2000			15,119	5,288	22,407
	Additions during the year
	As at31stMarch 2022	2,000			15,119	5,288	22407
	DEPRECIATION:
	Depreciation at 1stApril 2021	1,973			13,393	4,915	20,281
	Depreciation charge for tbe year		7		432	93	532
	As at 31stMarch 2022	1,980			13,825	5,008	20,813
	Net BookValue As at 31stMarch 2022		20		1,294	279	1,594
	Net BookValue As at31stMarch 2021		27		1,726	373	2,126
3	COST OF GENERATING VOLUNTARY INCOME				2022		2021
	Printing, Postage and Stationety				136		293
	Premises Costs				23,475		14,027
					22 611		14,320

4	CHARITABLE ACTIVITIES	2022	2021
[ia~fi i do I
	Printing, Media and Evangelism	3,982	5,210
	Advert and Publicity	593	1,256
	Pastoral Allowances	3,212	1,460
	Gift to charities and visiting ministries
	Worship Materials (Books, CDs &.DVDs)	334
	Honorarium, Love offering &gifts	1,350	1,377
	Telephone, Internet and Webcosts
		9,471	9,303
(b)	Members' Wel are aad Su ort costs:
	Travels and Motor Expenses	1,534	568
	Hospitality, Food and Refreslunents	3,328	153
	Equipment repairs and maintenance	1,096	617
	Sundiy expenses	827	2,350
	Health, Fire and Safety safeguards	376	310
	Motor insurance premiums
		7,161	3,998
5	PREMISES COSTS	2022	2021
	Rent, Rates and Seivice charges	21,483	12,317
	Borough (Council's) Planning Permission	1,460	1,000
	Depreciation charge	532	710
		23,475	14,027
6	GOVERNANCE COSTS	2022	2021
		f,
	Independent Exiuniner's fee	250	250
	Accountancy &Bookkeeping charges	500	500
	Legal &Professional fees	1,396	1,038
	Bank charges &conunission	30
	Annual returns fees	13	13
		2,189	1,801
7	NKT MOVEMENT IN FUNDS FOR THK YEAR	2022	2021
	The net movement in funds for the year is stated after charging:
	Depreciation oftangible fixed assets- for use by the charity		710
	Independent Examiner's fee	250	250
	Accountancy &.Bookkeeping charges	500	500

	F	OR THE	Y	EARENDE	D 31STMAR	CH 2022
8	STAFF COSTS					2022	2021
							8
	Wages &Salaries
	Social Security Costs
	No staff was employed by the charity during the				year
	No tinstee has received remuneration			in the year.
	No expenses have been	reimbursed		to any ofthe	tmstees.
	No employees whose emoluments		exceeded f60,000.
9	SUNDRY DEBTORS:					2022	2021
	Sun&by Debtors						2,380
	Rent security deposit					1,800	1,800
						1,800	4&180
10	FIXEDDEPOSIT INVESTMENT					2022	2021
						8
	Lloyds Fixed Term Deposit Account					100,000	80,000
						ioo nno	80,000
11	CREDITORS: Amount	fallin	due within one		ear	2022	2021
	Accruals					763	263
						763	263

13	RESTR	ICTED FUNDS	~Oenin			Ne&v		Utilised	&		~CIosin
			Balance		Restriction			Released			Balance
				8					8	Year 2022
	Building	Funds
	The Trustees has designated		funds for the puipose ofsecuring	anew church facility.
14	ANALYSIS OF NET ASSETSBE&TWEEN FUNDS			E~io				C
					Motor	Van	Assets less			Net Total
				~YE&		2		El Olo '		Y	2222
15	UNRESTRICTED FUNDS:
	Qeneral	funds				i,594		136,694			138,287
						1,594		136)694			138,287

					2022		2021
INCOME
Voluntary Income					41,603		29,655
HMRC Charities Gift Aid Benefits					11,170		8,306
Missionary and Members' funds					550		1555
Building funds (Rental income)
lnvesnnent income					80		1053
					53,403		40,569
LESS:EXPENDITURE
Pretuises costs
Rent, Rates &Setadce Charges				21,483		12,317
Borough (Council's) Planning	Permission			1,460		1,000
Depreciation charge				532		710
					23,475		14,027
Piuance and Adutinistration
Printing, Postage and Stationery				136		293
Bank charges &Corrunission				30
Annual returns fees				13	179	13	306
M~ii &&&« I
Printing, Media and Evangelism				3,982		5,210
Advert and Publicity				593		1,256
Pastoral Allowances				3,212		1,460
Gift to charities and visiting ministries
Wo&ship Materials (Books, CDs/ DVDs)				334
Honorarium, Love offeriug &donations				1,350		1,377
Volunteers and instrumentalists					9,471		9,303
Governance costs and Pro essional		ees
Independent examiners				250		250
Accountancy and beekeeping				500		500
Professional &Gift Aid Processing fees				1,396	2,146	1,038	1,788
Mentbers' IVel are and Su ort costs
Travels and Motor Expenses				1,534		568
Hospitality, Food and Refreshments				3,328		153
Repairs and maintenance				1,096		617
Members' Welfare expenses				827		2,350
Health, Fire and Safety Safeguards				376		310
Motor insurance premiums					7,161		3,998
TOTAL EXPENDITURE					42,432		29,422
Net Smplus for the current year					10,971		11,147
Accumulated Smplus brought fo&xvard					127,316		116,169
Accumulated Surplus cm ried	fomvard				138&287		127&316
This page does not form part	ofthe	statutory	accounts