istered Number . 5083567 UK Charit Number 1138618 land and Wales THF DIVINE WORSHIPPERS CHRISTIAN MINISTRIES DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
THE DIVINF. WORSHIPPERS CHRISTIAN mTsTRIEs TRUSTEES, ANINLAL RF,PORT AND EINNCIAI. STATEMLIITS FI)R THE YEAR ENDEI).3IST MARCH 2024 CONTENTS PAGES Reterence and Adniinistrative infOrnll0n Report of the Truste&s Independent Examinevs Report Statement of Financial Activities Balance Sheet Notes to Ihe financial statements 10-13 Tlie followliig pages do iiot form part ofthe Flnancial Statements: Detailed Stutemeiit of Finaiicial Activilies 14
THE DIVINE WORSHIPPERS CHRISTIAN MINISTRIES REFERENCE & ADMINISTRA TIVE INFORMATION EGAL STATUS The cl)arilable company is bN)veTned by lis MemorAndum and Articles of Association. dated 24th March 2004. It was incorporated a5 a company limited by guarantee, number 5083567 on 24tli March 2004. Tlie charity is also registered witli the Chariiy Commission for England & Wales, number 1138618 and was entered in the public Register of Charities wilh effecl from 27th October 2010. TRiISTEES. The trnstees who are directors for the purpose of company law and who served during the yeai. and since the year end were :. Revcirnd Bamikole Omobilan (Chaii.. Tru8lees) Rever¢nd (MTS) Margar¢t Omobita Mr Babatunde Akande REC.Is'rRF.D OFFICE: 37 CLEMENCE ROAD, DAGENHAM ESSEX RM109YN SECRETAR Y: Reverend Bamikole Omobitan BANKEI RS: LLOYDS BANK PLC CRANBROOK ROAD ILFORD ESSEX ACCOUNTANTS: DANIEL FAMOK & ASSOCIATES ACCOUNTANTS & FINANCIAL CONSULTANTS UNIT 209 (SECOND FLOOR) TUDORLEAF BUStNESS CENTRE, 2-8 FOUNTAYNE ROAD, LONDON N15 4QL DWCM WORSHJP CENTRE (FIRST FLOOR) 12 BRIDGE CLOSE ROMFORD RM7 OAU
THE DIVINE WORSHIPPERS CHRISTIAN MINISTRIES REPORT OF THF TRUSTEL&i FOR THE YEAR ENDED 31ST MARCH 2024 The Trustees liave pleasure in subinitting their report and financial statements of the Cliarity for the year ended 31 st March 2024 wliich coniplies with statutory requirements, the governing documents, and tlle Slatement of Recotnmended Practice. 'Accountin¥ and Reporting by Charities (effective from 31 st Marcli 2015). The Trustees conftnn that they have complied wilh Ihe diity in the Charities Act 2011 to have due regard to the Charity Conwiission's general guidance on public benefjt, 'Charities and Public benefit,. OUR AIMS AND OBJECTIVES oscs aiid Alnis Our Cliarity's purposes as set out in the objects ntained in the companys memorandum ofassociation '¢:. The Advaiicement of the ChTlStian i'eligioii and to reliev¢ poverty and sickness in accordance with Christian principles in the United Kiiigdom and in such other parts of the woi-ld as the Ti-usteeib Triistees may froni time to time think fit. The aims of oui. Charity ar¢ to pi'each the gospel in the City of London with an operational focus Tn the Borougl) of Barking. Our aims fully reflect the purposes that the charity was set up to further. oiir woi,k deliveys our rtiiiis We review oui. aim.8, objectives and aclivities each year. This review looks at what we acliieved &n(J the outcomes of Qui. work in the previous 12 months. The review looks ai Ihe success of each key activity and the benefits they have broughi to those groups of people we are sel lip lo help. The review also helps us ensure our aims, objecliv¢s and activilies reinaiiled focused on our slated purposes. We have referred to the guidan¢¢ contained in the Charity Commission's general guidance on public benefit wlien i-eviewing oui- aim and objectives aTJd in planning our fure activiti¢s. In paixiculai., the ttu81ees cunsidei. how plartned activities will contribute to thc aims and objectives they liave 5¢t. TliÉ oc Iso our work Oui- main objectives for Ihc year continued to be advanc¢ of the Christian religion and the i'elief of poveity aiid si¢kn&85. Th¢ stixt¢¥ies we uscd lo Ine¢l Ihese objeclives included.. l. Pt'ovision of w¢¢kly church services on Wedncsdays. Fridays and Sundays to minister to the physical. spii'itual and material nceds of the congregants. 2. Pi'ovision of sp¢cial events and meetings to mcel Ihe specific needs of target groups in the churclj Such a5 men, women, youtl) and children. 3. Focu8ing on the material need5 of certain membcrs undei'goiiig difficult financial situatio1. 4. Working with other Christian agencies and Churches in London to advaiice the preaching of the Gospel. 5. Pi'ovision of Pastoi'al Care for the congregants and gen¢ral m¢mbers of thc communtty, 6. Advancement of the Christian religion through the b¢nevolenl missionary work in Wiir torn paits of the woi'ld and otlier less privileged areas. We aim to provide financial assistance for food, clothings. shelter, rncdical supplies aiid care in these regions. How oiii. otllviliej deliver 14iblie Bene Oui. main activities aiid who we ty to help are describ¢d below. All our charitable activilie5 focus on th¢ advancement of Christian religion and the relief of pov¢rty and sickne&8.
THE DIVINE WORSHIPPERS CHRISTIAN ]¥IINISTRIES REPORT OF I'HL fRLfsTEES CON'TINUED Wlio ii&ed uiid belie roni oNr services 7 Our churcli services llre presented with both the regular congirganls and the visitors or seekers iii mind. We minister to tlie physical, nienlal and spiritual needs of the whole men iii our services giving specific consdei'alion to the seekei's or newcoiners in our midst who may not necessarily have a church baCkDund and as such niay not understand the processes and procedures of chTlS1ianity. We liave helped further in relieving poverty and hardship amongst both re8ulai' and irregular congregants who suffeiTd fi'om effects of financial hardsliip from Covid-19 lockdowns 8nd falE of fjnancial resources. FINANCIAL RF.VIEW Following the Covid-19 reliefs and the resulting improvements and financial increases, our Membe have The i'ise in incomes was due lo the iinproved effects of national recovery in UK in Ihe yeai. elided 31 st mai.ch 2024 Lompaied to the numbeT of Ln¢rlibS who attended church services in the pirvious year, RINCIPAL SOURCES OF FUNDING The pi'incipal funding sources for the charity are ciirrently by way of donations and gifts froin the onliiie congregants mainly through electronic fund transfers. TIME T POI.1 I"he Cliarity has some cash that are set oiit in the cliaritS balance sheets. The objective of the investment policy is to invest in cash at bank when the capital is protected. The Boai-d of TThstee5 consider that a sali.sfabtory rettn was achieved in the year. The Charity cuntntly has a policy of keeping any sury)lus ndS in ¢asli at banks where immediate access and seciirity of funds is guaranteed. RESERVES POLICY The Board of Trustees has exainined the Charity's requireinents for ieserves in il)e ligl)l of the nTrin risks to Ilie oi'gatliydtion. It hils ¢slablished a policy wliereby the iinrestrsLled funds not coinmitted oi. invcsled in langible fixed assets l)eld by th¢ charity should be betwe¢n 3 and 6 months of thc annu(Il expcnditure. Thc exp¢ndilure for the year ended 31 st March 2024 is £83,01 O and Iherefore the targeted res¢rv¢s should be betWLCii £20,753 and £41,505 in general funds. The reseives ai¢ needed to m¢¢1 tli¢ woi'king capital i'equiirments of the charity and the trustees are confideni ihat al this l¢vel. 11)ey would be able to continue the cun'ont activitie5 of the Cliui'ity Tn tlie event of a significant drop in funding. Tlie general res¢ policy has been met and exceeded this year as in previous years. PLANS fiOR fiUTURE PERIODS Tlie Charity plans continuing the activities ouilined above in the forthcoming years subjecl to satisfactory funding aangementS. Plans are also being developed to become more active within Dagenham Community by devcloping projects focused on meeting thcir needs and building another local church for the sid¢nIS Gizys, Essex. STRUCTURE GOVERNANCE AND MANAGEMEPIT Goveriiiii Dociiineiil The organisalion is a clwitable company limited by guardnte¢. incotporated on 24 March 2004.
TIIE DIVINE WORSHIPPERS CHRISTIAN MtN'ISTRIES
REI PORT OF TItE TRUS'I'ELS
CONTINUED
The company was eslablished under a Memorandum of Association which stated the objects and powers
of the charitable company and is governed under its Artlcles of Association. In the event of the coinpany
wound up. menthers are required to contribiite an amount not exceeding £1 O.
Recriiiliiienl ftiid A
Trustees
Tlie dii'ectors of the conipany are also charity trnstees for ihe purposes of charity law and under the
Ilie company's Articles are known as Iruslees. Under Ihe requirements of the Memorandum and Articles of
Associatioii the tiustees are elected to serve for a paiod of three years after which they inust be i'e-elected
at the next annual general meeting.
All ti'uslees give their time voluntarily and receive no benefils from the cliarity.
Due to the nature of churcli work, Inistees appointed have been so selected on the basis on their failh,
strength of chai'acter, skills set in the area of busin&ss management and growth and commirment to ihe
vision of tlie chai'ity.
Tiustees induclioii and trainln
Most of the trustees are alrL
THE DIVINF WORSHIPPERS CHRISTIAN MINISTRIES REPORT OF THE TRUSTEES COh'TIIYUED ORGANISATION The Divine Worshippers Christian Ministries is governed by a Board of Trustees elected to Serve Ilie charity and run its affairs. Annually the Board reviews 11)e range of skills it has available and uses its power of co-optton to ensure that gaps are filled. There are a number of other cj'iteria Ihat a Iiustee musl meet. The Board of Trust5 are assisted by department leaders.There are Iwo trustees on the Board of Leadei's. The Board of TISle08 meet quarterly and are responsible for the strategic direction and policy of the Charily, A scheine of delegation is ii) place and day to day responsibility for the pi'ovision of the serviees rest with Ilie Senior pastor who is also the Chief Executive. He is ably assisl¢d by a voluiilaiy staff who impleinenl day to day operations. ThL administrativc teani conlinue to develop their skills aiid working practices iii line with good practice. REVIEW OF TRANSACTIONS AND FINANCIAL POSITION The net inconiing resources for the year amounted to a surplus of £36,050 (year 2023 was a net suiylus of£7,1191 nsibilitles of theTrustees The Trustees are responsible for preparing the Annual Report and the Financial Stalements in accordance will) the applicable laws and regulations, Th¢ TINstees al'e requiird to pr¢pair Financial Statements for eacli financial year in a¢coixJance witli tlie Unit¢d Kingdom Generally Accepted Accounting PrinGiples (United Kingdom Accounting Staiidard and and upi)li¢able Idw), 'he b inanci¥l Stateinenls ore required by law to give a true and fair view of the state of affairs and of its incoining r¢souiLes and application of rcsourcLs of the charily for t1l p¢riod. In preparing these Financial Statements, the trustc¢s are request¢d to: Sclcct suitablc accounting policies and (hen apply thcm consist¢ntly,' Make judgements und estimates that are reasonable and prudent; iii) State wlielher applicable accounting standards and statemcnts ofrecommcnded pi?ctice Iiave been followed, subject to any material departuies disclosed and explain¢d in the Financial Statements, and iv Prep<1re the Financial Statements on the going concem basis unless it is inappropriate to presume (hat the charity will continue in operation. The Trust¢es ale r¢spollsible foi. keeping proper accounting reco that dtsclose with reasonable accura¢y at any time th¢ financial position of the Charity and enable them to ensure that the Fijiancial Stalem¢nts comply with the Companies Act 2006. They are also responsibl¢ for safeguarding the assets of the cbarity and hence for taking reasonable steps for the prevenlion and detection of fraud and other i¢gUlarIties.
E DIVINL IVORSHIPPERS CHRISTIAN MINISI. IICI l>()R'l' (yli 'l'lll,' 'IIIIS-I'Li'bS CI)N'I'INLIL NDII PIIND INER In accoi'd<ll)ee willi sectioi) 145 ofthc 2011 Acl, an iiidependenl external exainii)alion5 shall be conducied into the finai)cial Sialei)ienl.4 iisii)g Il)e pro¢ed(Ires laid down in Ili¢ General Dire¢lions given by Ilie Chi11'11y Coininissioii iiiider section 145{5)(b) of Ilie Charities Aci 2011. ALL COMPANI , VIS'IONS Tlii8 report hdve been prepared iii accordancc willi lh¢ special provisio5 for small compai)ies [8cclioii 419 (2) ot Ili¢ Coinpai)ies Act 2006]. PR VA Tknls report WAS Hpproved b.v lh¢ Board of Trustees on tlie 29111 Deceniber 2024. Slgned by order of tbe YrustLie& 37 CI.EMLNCL IIOAD. DACJENHAM F.ssr.x RM109YN Rev¢r¢iid Bainikole OinobiiaTr S¢¢i'clary (Board of Tru¥lccs)
INDEPENDENT EXAII(INERS' REPORT TO THE TRUSTEES OF THE DIV'INE WOR8HTPPF.RS CHRISTIAN MINISTRIES CllIUUTY YUhlBER 1138618 I report on the Financial Statements of the Charity for the year ended 31 sl MaTch 2024, which are set out on pages 8 to 9 below. RESPECTIVE RESPONSIBILITIES OF TR D EXAMINE The Charity's truslees are responsible for the preparation of the accounts. The charitls trnstees consider that an audit is not required foi- this year under section 144 (2) of the Charities Act 2011 (Tlje 201 l Act) and 11)at an independent examiiiation is needed. It is my responstbility io examine the accounls under section 145 of the 2011 Act, follow the procedures laid down in the general Directions given by the Charity Commissions under section 145{5y(b) of the 201 l Act, and state whethei. particular nllerS have coiiie to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My ¢xainiiialioii was cArried out in accordance with the general Directions given by th¢ Charity Coinmissioii. An examination inuludes a review ofthe accounting I'ecords kept by the Charity and a comparison of the accounts presciited with Iliose r¢¢ords. 11 also iiiLludLs consideralion of any unusuAI item5 or disclosures iii the accounts, and seeking explanations from ilie trustees concerning any siich mailers. The pi'ocedui-es iiiidertaken do not provide all the evideJ)ce that would be qllired in an audit and con%equcnily no opinion is given as to whether the accounts present a 'lDJe and fairf view and the report is limlled lo those matters set out in the slateinent below. INDF.PKNDF.NT FXAMINERI STATTr"MEh'T lii connection witli my exaniination, no matter has conie to my attcntion l ) wl)ich giv¢s m¢ reasonable cause to b¢li¢vc that in. any malerial respe¢t, th¢ requirements: to keep accounting r¢cords in accordance with section 386 of the Companies Act 2006, and to piepare accounts whicli aord willi tlie accounting TOrdS and to comply with accouiiting requii'¢mcnls of the Companics ALt 2006 aiid the methods 8nd principles of the Siatemcnt of Recommended Practic¢'. Accounting and RepoitiIig for Cliariti¢s (¢ff¢ctive fi'om 31 st Mill'ch 2015) have not becn met or 2) 1 pinion, attention should be drawn in order lo enable a proper und¢rslanding of the -eachcd. D.A.FA IIY (Msc, FCA) DANIEL FAMOK & ASSOCIATES ACCOUNTANTS & FINANCIAL CONSULTANTS UNIT 209 (SECOND fLOOR) TUDORLEAF BUSINESS CENTRE, 2-8 FOUNTAYNE ROAD, LONDON N15 4QL 29th December 2024
THE DIVINF, W'ORSHIPPERS CIIRISTIAN MINISTRIES STATEMENT OF FINANCIAL ACTIVITIE.S NC.LUDIC INCOME AND EXPENDITLRE ACCOUN FOR THE YEAR FNDVD 31ST MARCH 2024 Unre5trlcted Restricted Year 2024 Year 2023 Funds Funds Total f*unds fotal Funds Notes INCOMING RII SOURCES liieoiiiiiig resoiircesfroni geiieva¢edfunds Voluntary incoine:. Donatftons & Offerings Investment income liicoiiiiiig resoiircesfrom Charilable Aclivities Membei s and Building funds Orfher incoiiilllg i'esoiirees HMRC Gift Aid Tax Reclaims 94,556 3.120 94,556 3,120 59,896 1,185 570 570 20.814 20,814 15,241 TOTAL INCOMING RESOURCES 119060 119,060 76,322 RESOURCES FXPFNDE Coslj ofgenei'ating funds Costy of generatiiig voluntary income 3&4b 52.092 52,092 41,685 Charilable Acliiiilies 4(a) 27,383 27,383 24,485 Govei'iiance Cosis 3,535 3,535 3,033 TOTAI. RESOURCES EXPENDED 83.010 69,203 NET MOVEMENT IN FUNDS 36,050 36,050 7,119 RE< CONCILIATI NOF FUNDS Total funds brought Forward 15 145,406 145,406 138.287 TOTAL FUNDS CARRIED FORWARD 181456 181456 145,406 Tlie Chai'ity has no rccogniscd gains or losses other than th¢ wults for the y¢ar as set out above in the Statenient of Financial Activities The notey on pages 10 to 14 form part of these a¢¢ounts.
THE DIVINE WORSHIPPERS CHIUSTIAN MINJSTRIES BALANCE SHEET AS AT 31ST MARCH 2024 Notes 2024 2023 IXED ASSETS 'rangible Fixcd Ass¢t8 9,895 10,202 CURRENT ASSETS Sundry debtor8 Fixed Teni) Investineiils Ca8h at bank attd in hand 16,553 139,950 16,021 1,800 99,950 34,417 io 172.524 (963) LESS CREDITORS; 136,167 (963) Ainounts falling duc within one year IYET CUIUiENT ASSLT8 li Is 171,561 135,204 Total Asset8 Le LiHbllltle8 1814.46 145 406 UNRESTRICTEt D fi UNDS General fund8 15 181,456 145,406 TotAI Fund8 181456 145 406 For the year cnded 31 st Marcli 2024, the company was eiitiiled to ¢xemption under section 477 of Ihe Companies Act 20Q6 rela(ing Io.8mall companies. Dli'ectui's i'o% on$lbllltles The meinb¢r& hav¢ not requir Ilie company to obtsin an audit in accordance with 8eclion 476 the Companie8 Act 2006. Th¢ director8 acknowledge their re8ponsibAlilies for complying with the requirement¥ of the Companies A¢t with respect lo accounting record5 and the preparation of ac¢ouiils. These ac¢ount8 have been prepared in accordance with the provisio¥ applicable lo coinpani¢s subject to the small companies, regime. Sign¢d on b¢half of th¢ boanl of directors Reverend Bamlkole Omobltan
THE DIVINE WORSHIPPERS CHRISTIANI ' MINISTIUES NOTES TO I'HE FIIYANCIAL STATEMENT% FOR THF. YF,AR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES The financial statements have been prepared in accordance with the accounting policies set oul in notes Èo the accoiints aiid comply willi the charity's governing do¢umenl. the Charities Act 2011 And Accounting and Reporting by Charitieg.. Siatement of ROrnMended Practt¢e (SORP) applicablc to charities pi'eparing tlieir accounts accordanc¢ wilh the Financial Rqjorting StandArd kpplicable in tl)e UK ai)d Republic of Ireland published 16th July 2014. INCOMING SOURCES liicoiiie These are income arising from tirhes and 0eringS which are included as incoming resources on i'eceipt. Volue Added Tax Valiie Added .1 ax is not recoverable by the Charity, and as such is iiicluded in ihe relevant cost in the Statement of Fiiiancial Activities. Iiives'liiieiit liieoiiié Ititei'etril incoine is accounted for in the period in which the charity is entitled to receipt. Gift Aid Tax Re ment Clalm Tax I'epayments due fvom HM Revenue & Custom5 in r¢spect of members, giving are included iii incoming resources and restricted for building funds when received. stat Tlie Charity ha8 taken advantage of the exemption in financial Reporting Standai'd No i from the Yequir¢m¢nt¥ to produce a Cushflow stalcmcnt on the gundS that it qualifies as a small ¢haiity. 1.2 RESOURCES EXPENDED Resuurces expended ar¢ included in the Statenient of Financtal activlties on an acciuals basis. Cei'tain costs liave been appoi'lioned between Cost of Gencrating Funds, Cliaiitablc Activities and Gov¢ri)anLe Costs on the bases con515tent with the iise of those resouktes. Costs comprisc those dii-ectly associated with charitable activities and fundraising events. governaiice costs iii¢lud¢ ihose foi. meetiiig Lhe administralive requiiTm¢nls of the Charity. 1.3 Tanglble Flxed Assets for use by the Charlty and Depreclatlon Tangible fixed assets for use by ihe Charity ale slaied al cost less depreciatioll. Depreciation is calculated to write off th¢ cost less estInted irsidual vglue of fu(ed assets, over th¢ii' eStited useful live5 011 the following basis.. Musical Instnunenls Equipments, Furniture & fittings Motoi. vehicl¢ 250/0 per annum 250/0 per annuirA 25 /0 per annum io
THE DIVtNE WORSHIPPERS CHRISTIAN MINISTRIEI S NOTES TO TEIE FINA'cIAL STATEMENTS CONTINUED FOR THE YEAR F.NJ)F,D 31ST IRCH 2024 FUNDS AccouKfiNG Funds held by the Charity are: Uiii'es'lricled eiiewal iiiid - comprising funds which can be used in accordance with the chai'itable objects at Ihe discretion of the trustees, Reslvicled 1411ds - which were Yaised for particular restricled Purposes and can only be used foi, those paiticular restricted pUoseS within the objects of the charity. Desl nated Funds The designated fuiid of the Charity is the building funds. The BoaTd of TnteeS has designat¢d funds for the purpose of securiiig a new chui'ch facility. 2 TANGIBLE FIXF.D ASSET Motor .Vlusieal E ul Vehicle nstruments F & fjtliii Total s Mar.24 OSTS: Cost at I st April 2023 Additions during the year As at 3 1st Mai'ch 2024 27,128 1.964 5,288 ,027 34.416 2.991 PRE Tl Depreelallon al 1st Apiil 2023 Dcpitcialii)n clidl'ge foi- the year As at 31st March 2024 1.985 17,151 2,985 20,136 5,1)78 309 S3117 24,214 3.298 1,989 Net Book Value As at 31st March 2024 8,956 928 Net Book Value As at 31st Mareli 2023 15 210 3 COST OF GENERATINC. VOI,UNTARY INCOME 2024 2023 Printing, Postage and Stationery Premis¢s Costs 372 366 28,601 28,967 li
THE DIVINE WORSIIIPPERS CHRISTIAN MINiYfRIIS NOTES TO THE FINANCIAI. STA TF,MF,NTS CONTll%UED FOK 'I"HL YEAR ENDED 31ST MARCH 2024 4 CHARITABLE ACTIVITIES 2024 2023 (A) Minlsl lid Oiilreacli Printing, Media and Re¢ording Advert and Publicity Pastoral Allowances Evangelism and Missionary Outreach Donations to other charilies Managetnenl Relreat and Pastoral Seminars Worship Materials (Books, CDS & DVDS) Honoi'arium, Love offeriiig & gifts Telephone, Internet and Webcosts 1,362 2,013 7,588 8,697 300 948 878 5,516 80 540 450 3,504 16,434 1,093 214 2,250 (b) Meiiibers, Wel are aiid Sii Ti'avel% and Moloi. Expenses Hospitality, Food and Refreshments Eqiiipment repairs and maintenance Memberx, Welfare expenses Flealth, Fire and Safety safeguards ort costs.. 1.180 6,861 6,248 2,177 225 16,691 2.357 4.704 4,693 534 430 12,718 5 PREMISES COST 2024 2023 Renl, Rales and Service charges Electricity and Gas Cleanlng & Environment expenses Depreciation iharge 26,373 4,231 25,200 3.298 35.029 3.401 28,601 OVF,RNANCE COSTS 2024 Independent Examinevs fee Accountancy & Bookkeeping charges Legal & Professional f¢¢s Bai)k charg¢s & ¢ommi5sion Annual trtuii]s fees 300 650 2,537 36 13 3,535 300 650 2,039 31 13 7 NET MOVLMENT IN FUNDS FOR THE YEAR 2024 2023 The net movement in funds for the y¢ar is stated after charging DewAatIOn of tangible fixed assets- for use by the charity 3,298 3,401 Ittdependent Examiner's fee Accountancy & Bookkeeping charges 300 650 300 650 12
TIIE DIVINE WORSHIPPERS CHRISTIAN MINISTRIES NOTES TO TIIE FINAIYCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST MARCH 2024 STAFF COSTS 2024 2023 Wages & Salai'ies Social Security Costs No staff was employed by the charity during the year No trustee has received remuneration in the year. No expenses have been reimbursed lo any of ihe Irustees. No employees whose emoluments exceeded £60,000. 9 SUNDRY DEBTORS: 2024 2023 Siindry Debtors Rent setyiirity deposit 14.753 1.800 16,553 1,800 I,Noo 10 FIXED DEPOSIT INVESTMEIYT 2024 2023 Lloyds Fixed Term Deposit Account 139.950 1.19 950 99,950 I I CREDI'I'ORS: Amount fAllin due within one ear 2024 2023 Accruals 963 963 963 963 12 TATUTORY INFORMATION Divinc Worshippers Christian Ministries (DWCM) is UK Registered company number 05083567 limited by gyuarantec and inLorporated in England and Wales. The R¢gistered office addr¢ss is at 37 Clemcncc Road, Dag¢nham, Esscx RMIO 9YN. 13 RESI'RICTCI D FUND New Balance Restriction Utlllsed & C105111 Released Ilalanc £ Year 2024 Building Funds The Tiiislces has designated funds for the purpose of securing a ncw church facility. 14 ANALYSIS OF NET ASSETS BETWEEN FUNDS ui ment Net Current Motor Van Assets le55 Net Total r & rittill Liabilities Year 2024 IS UNRESTRICTED FUNDS: General funds 171,561 171,561 181,456 181,456 9,895 13
THF DlVtNF II'ORSIIIPPI RS CHRI.STIAN MINISTRJF,S NOTES TO THE FINAN,CIAT, .STATElktENTS CONTINUED FOR TIIE YEAR ENDED 31ST MARCH 2024 2024 2023 INCOME Voluntary li)com¢ HMRC Cliai'ilies Gift Aid Benefits issionary and Members, funds Investinent income 94,556 20,814 570 59.896 15,241 1185 76J22 119,060 LESS.. EXPF.NDITURE Pi'eiiiise.%' Los15 RLnt, Rates & Service Charges Electricity and Gas Cleaning & Environmenl expenses Dcpreciation ¢harge 26,373 4,231 1,127 3,298 25,200 35.029 3,401 28,601 Fiiiance aiid Adniini.flrallon Prinlitig, Postage and Stationery Bank L.harges & Commission Ai)iiual returns fees 372 36 13 366 31 13 421 410 Mini.I'tr aiid Oiitreacli Pi'inting, Media and ReLordin8 InteiTret, Advert and Publicity Pasloi?l Allowances Evangelism and Misslonary Outreach Donations to other charities Manag¢menl Rett'eal and Pastoral Seminars Worsliip Matei'ials (Books, CDS & DVDS) Hoiioi?rium, Love offering & donations Volunteers and instrumentalists 1,362 2,013 7,588 8,697 300 948 878 5,516 80 540 450 3,504 16,434 1093 214 2,250 27,383 24,485 overn nce cos1& and Pro Independent examiners A¢Lounlancy and bookeeping Professional & Gift Aid Processing fees esslon 300 650 2,537 300 650 2,039 3,487 2,989 Meiiibers, Wel re aiidsu Trkivels and Motoi. Expenscs Hospitality, Food and Refreshm¢nts Building Equipm¢nt Repairs & Maintenance M¢iiibeiB' Welfare expenses Healtli, Fire and Sal¢ty Safeguards TOTAL EXPENDITURE Net Surplus for the cu¢nt year Accuinulat¢d Surplus brought forwai'd Accumulated Surplus Carrled forward ort cosls 1,180 6,861 6,248 2.177 225 2,357 4,704 4.693 534 430 16,691 12,718 36,050 145,406 181,456 7.119 138.287 145.406 Thls page does not form part of the statutory accounts 14