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|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||
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|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|||
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||||||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|
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|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|
##
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|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|||||