| Reference and Administrative information |
Reference and Administrative information |
|
|---|---|---|
| Report ofthe Tnistees | 2-6 | |
| Independent Exannner's Report |
||
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes to the financial | statements | 10-13 |
| The following pages |
do not form part ofthe Financial Statements; | |
| Detailed Statement of | Financial Activities |
| and since the year end Jvere;- | |||
|---|---|---|---|
| Reverend Banukole Omobitan | (Chair - Trustees) | ||
| Reverend (Mrs) Margaret | Omobitan | ||
| Mr Babatunde Akande |
|||
| REGISTERED OFFICE: | 37CLEMENCE ROAD, | ||
| DAGENHAM ESSEX | |||
| RM10 9YN | |||
| SECRETARY: | Reverend Bamikole Omobitan | ||
| BANKERS: | LLOYDS BANK PLC | ||
| CRANBROOK ROAD | |||
| ILFORD | |||
| ESSEX | |||
| ACCOUNTANTS: | DANIEL FAMOK &ASSOCIATES | ||
| ACCOUNTANTS k FINANCIAL CONSULTANTS | |||
| UNIT 209 (SECOND FLOOR) | |||
| TUDORLEAF BUSINESS CENTRE, | |||
| 2-8 FOUNTAYNE ROAD, LONDON |
|||
| N15 4QL | |||
| DWCM WORSHIP CENTRE | (FIRSTFLOOR) | ||
| 12BRIDGE CLOSE | |||
| ROMFORD | |||
| RM7 OAU |
| 2023 | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Notes | Funds | Funds | Funds | Funds | |||
| INCOMING RESOURCES | |||||||
| Incoming resources frotn getternted | fitmls | ||||||
| Voluntary income:- |
|||||||
| Donations &Offerings | 59,896 | 59,896 | 41,603 | ||||
| Investment income |
80 | ||||||
| Incoming resources from Cltnrltable |
Activities | ||||||
| Member's and Building |
funds | 1,185 | 1,185 | 550 | |||
| Otlter incontlng resources |
|||||||
| HMRC Gilt Aid Tax Reclaims | 15,241 | 15,241 | 11,170 | ||||
| TOTAL INCOMING RESOURCES | 76,323 | 76,323 | 53,403 | ||||
| RESOURCE i P NDED |
1.2 | ||||||
| Casts ofgenerating fimds |
|||||||
| Costs ofgenerating voluntary |
income | 3&4b | 41,685 | 41,685 | 30,772 | ||
| Charitable Actnilies |
4 (a) | 24,485 | 24,485 | 9,471 | |||
| Governance Costs |
6 | 3,033 | 3,033 | 2,189 | |||
| TOTAL RESOURCES EXPENDED | 69,204 | 69,204 | 42,432 | ||||
| NET MOVEMENT IN FUNDS | 7 | 7,119 | 7,119 | 10,971 | |||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought Fonvard |
15 | 138,287 | 138,287 | 127,316 | |||
| TOTAL FUNDS CARRIED | FORWARD | 145,406 | 1459406 | 138,287 |
| Notes | 2023 | 2022 | |
|---|---|---|---|
| FIXED ASSETS | |||
| Tangible Fixed Assets | 10,202 | i,594 | |
| CURRENT ASSETS | |||
| Sundry debtors | 9 | 1,800 | 1,800 |
| Fixed Tenil Investmeilts | 10 | 99,950 | 100,000 |
| Cash at bank and in hand | 34,417 | 35,G57 | |
| 136,167 | 137,457 | ||
| LESSCREDITORS: | |||
| Amounts I'ailing duc ivithin one year |
(9G3) | (763) | |
| NFT CURRENT ASSETS | 15 | 135,204 | 136,694 |
| Total Assets Less Liabilities | 145,406 | 138,287 | |
| UiVRESTRICTED FUNDS | |||
| General I'unds |
15 | 145,406 | 138,287 |
| Total Funds | 545 456 | 138,287 |
| 2 | TANGIBLE FIXEDASSETS | Mt | M I Id~I |
Total | ||||
|---|---|---|---|---|---|---|---|---|
| COSTS: | 7 hl | I f |
I | t P~&lltti | Mar-23f | |||
| Cost at 1st April 2022 | 2000 | 15,119 | 5,288 | 22,407 | ||||
| Additions during the year |
12,009 | 12,009 | ||||||
| As at 31st March 2023 | 2 000 | 27 128 | 5 | 288 | 34416 | |||
| DEPRECIATION: | ||||||||
| Depreciation at 1st April 2022 |
1,980 | 13,825 | 5,008 | 20,813 | ||||
| Depreciation charge for the year |
5 | 3,326 | 70 | 3,401 | ||||
| As at 31st March 2023 | I 985 | 17,151 | 5,078 | 24214 | ||||
| Net BookValue As at 31st March 2023 | 15 | 9I977 | 210 | 10,202 | ||||
| Net BookValue As at 31st March 2022 | 20 | I 294 | 280 | 1,594 | ||||
| 3 | COST OF GENERATING VOLUNTARY INCOME | 2023 | 2022 | |||||
| Printing, Postage and Stationery |
366 | 136 | ||||||
| Premises Costs | 26 62 I | 23,475 | ||||||
| 26767 | 23,611 |
| 4 | CHARITABLE ACTIVITIES | CHARITABLE ACTIVITIES | 2023 | 2022 |
|---|---|---|---|---|
| (a) | Mlals r 1 anil Onlreacli |
|||
| Printing, Media and Evangelisin |
16,974 | 3,982 | ||
| Advert and Publicity | 450 | 593 | ||
| Pastoral Alloivances | 3,504 | 3,212 | ||
| Management Retreat and Pastoral Seminars |
1,093 | |||
| Worship Materials (Books, CDs &DVDs) |
214 | 334 | ||
| Honorarium, Love offering &gifts |
2,250 | 1,350 | ||
| Telephone, Internet and Webcosts |
||||
| 24 4116 | 9 471 | |||
| (b) | hfembers' lfel are and Sn |
orl coslsr | ||
| Travels and Motor Expenses | 2,357 | 1,534 | ||
| Hospitality, Food and Refreshments |
4,704 | 3,328 | ||
| Equipment repairs and mahitenance |
4,693 | 1,096 | ||
| Sundry expenses | 534 | 827 | ||
| Health, Fire and Safety safeguards | 430 | 376 | ||
| Motor insurance premiums |
||||
| 12,718 | 7,161 | |||
| 5 | PREMISES COSTS | 2023 | 2022 | |
| Rent, Rates and Service charges | 25,200 | 21,483 | ||
| Borough (Council's) Planning |
Permission | 1,460 | ||
| Depreciation charge |
3,401 | 532 | ||
| 22 691 | 23,475 | |||
| 6 | GOVERNANCE COSTS |
2023 | 2022 | |
| Independent Examiner's fee |
300 | 250 | ||
| Accountancy &Bookkeeping |
charges | 650 | 500 | |
| Legal &Professional fees |
2,039 | 1,396 | ||
| Bank charges &conunission | 31 | 30 | ||
| Annual returns fees |
13 | 13 | ||
| 3,033 | 2,189 | |||
| 7 | NET MOVEMENT IN FUNDS FOR THE YEAR |
2023 | 2022 | |
| The net movement in funds for the year is stated after charging: |
||||
| Depreciation oftangible fixed |
assets- for use by the charity | 3,401 | 532 | |
| Independent Examiner's fee |
300 | 250 | ||
| Accountancy &Bookkeeping |
charges | 650 | 500 |
| 8 | STAIIFCOSTS | 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Wages &Salaries | ||||||||||
| Social Security Costs | ||||||||||
| No staff svas employed by the |
charity | during | the | year | ||||||
| No trustee has received remuneration | in the year. | |||||||||
| No expenses have been reimbursed to |
any ofthe | tntstees. | ||||||||
| No employees whose emohmtents exceeded |
f60,000. | |||||||||
| 9 | SUNDRY DEBTORS: | 2023 | 2022 | |||||||
| Sundry Debtors | ||||||||||
| Rent security deposit | I 500 | 1,800 | ||||||||
| 1,800 | 1,800 | |||||||||
| 10 | FIXED DEPOSIT INVESTMENT | 2023 | 2022 | |||||||
| Lloyds Fixed Term Deposit Account | 99950 | 100,000 | ||||||||
| 99900 | 100,000 | |||||||||
| 11 | CREDITORS: Amount fallin |
due | tvithin | one | ear | 2023 | 2022 | |||
| Accruals | 963 | 763 | ||||||||
| 963 | 763 | |||||||||
| 12 | STATUTORY INFORMATION | |||||||||
| Divine Worshippers Christian |
Ministries (DWCM) | is UK Registered | company | number 05083567 | ||||||
| limited by guarantee and incorporated |
in England | and | Wales. The Registered office address is at | |||||||
| 37Clemence Road, Dagenhmn, | Essex | RM10 9YN. | ||||||||
| 13 | RESTRICTED FUNDS | ~Oenin | New | Utilised & | ~CIosin |
| 13 | RESTRICTED FUNDS | RESTRICTED FUNDS | ~Oenin | New | Utilised | & | ~CIosin | |
|---|---|---|---|---|---|---|---|---|
| Balance Restriction | Released | Balance | ||||||
| 8 | Year2023 | |||||||
| Building | Funds | |||||||
| The Trustees has designated | funds for the purpose ofsecurhtg | a new | church facility. | |||||
| 14 | ANALYSIS OF NET ASSETS BETWEEN FUNDS | ~flt | tt | tfl | t | |||
| Motor Van | Assets less | Net Total | ||||||
| 9~&fltfl | LI flllltl | Year 2023 | ||||||
| 15 | UNRESTRICTED FUNDS: | |||||||
| General | funds | 10,202 | 135,204 | 145406 | ||||
| 10202 | 135,204 | 145,406 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| INCOME | 8 | ||||||
| Voluntary Income |
59,896 | 41,603 | |||||
| HMRC Charities Gilt Aid Benefits | 15,241 | 11,170 | |||||
| Missionary and Members' funds |
1,185 | 550 | |||||
| Investment income |
80 | ||||||
| 76,322 | 53,403 | ||||||
| LESS:EXPENDITURE | |||||||
| Prenilses casts | |||||||
| Rent, Rates 8 Service Charges | 25,200 | 21,483 | |||||
| Borough (Council's) Planning |
Permission | 1,460 | |||||
| Depreciation charge |
3,401 | 532 | |||||
| 28,601 | 23,475 | ||||||
| Finance nnd Administration | |||||||
| Printing, Postage and Stationery |
366 | 136 | |||||
| Bank charges &Commission | 31 | 30 | |||||
| Annual returns fees |
13 | 410 | 13 | 179 | |||
| hflnlsi nnrl Outreach |
|||||||
| Printing, Media and Evangelisiu |
16,974 | 3,982 | |||||
| Internet, Advert and Publicity | 450 | 593 | |||||
| Pastoral Allowances | 3,504 | 3,212 | |||||
| Management Retreat and Pastoral Seminars |
1,093 | ||||||
| Worship Materials (Books, CDs/ DVDs) |
214 | 334 | |||||
| Honorarium, Love offering & |
donations | 2,250 | 1,350 | ||||
| Volunteers and instrumentalists |
240485 | 9,471 | |||||
| Governance costs ai rlPro esslanal |
ees | ||||||
| Independent examiners |
300 | 250 | |||||
| Accountancy and bookeeping |
650 | 500 | |||||
| Professional &Gilt Aid Processing fees | 2,039 | 2,989 | 1,396 | 2,146 | |||
| hiembers' IVel «re and Sa or( cosls |
|||||||
| Travels and Motor Expenses | 2,357 | 1,534 | |||||
| Hospitality, Food and Refreshments |
4,704 | 3,328 | |||||
| Building &.Equipment Repairs |
and maintenance | 4,693 | 1,096 | ||||
| Members' Welfare expenses |
534 | 827 | |||||
| Health, Fire and Safety Safeguards | 430 | 376 | |||||
| Motor insurance premiums |
12,718 | 7,161 | |||||
| TOTAL EXPENDITURE | 69,204 | 42,432 | |||||
| Net Surplus for the current year |
7,118 | 10,971 | |||||
| Accumulated Surplus brought |
forward | 138,287 | 127,316 | ||||
| Accumulated Surplus carried fonvard |
145,405 | 138,287 | |||||
| This page does uot form part | ofthe | statutory | accounts |