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 m￿TsTRIEs TRUSTEES, ANINLAL RF,PORT AND EIN￿NCIAI. STATEMLIITS FI)R THE YEAR ENDEI).3IST MARCH 2024 CONTENTS PAGES Reterence and Adniinistrative infOrn￿ll0n 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'r￿RF.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 fu￿re 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 baCk￿Dund 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¢rlib￿S 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 cliarit￿S 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 rett￿n 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 a￿angementS. 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 nttw tru8tees would be invited as required and encouraged to attend a series of 8horl training sessions t() faniiliai'ise themselves with the Chai-ity and the context wiihin which it operates. I'hese sessions would be jointly led by the chair of tTUStees and the chiefexecutive or senior pastor of the Charity and ¢over5.' The obligations of trustee% The m&llll documents which set out the operational framework for the charity pliis governing documeIils. Resourcing and the current financial position ag sct out in tlie latest published financial slatemenls and i'eports. Futurc plans and objecttves. As a follow up to the abov¢ training sessions, a 'Questions & Answcrs Pack, would be pirpared which di?ws information f1￿M various Charity Coii)mission's publicaliuns signpostcd thi'ough tlie Comnjissivn's guide "The Esscntial Trustee" Th¢ prepared pack will be distributed to all new trnslees along with the governing do¢uments and latest financial statcmenls of the charity. RISK NIANAGEMENT Tlie Trustees have identified thc major strategic risks lo wliich Divine Worship￿rS Christian Ministries are exposed and established controls and actions to mitigate them. Ea¢h year. risk a55essments take place at oui. main office in London and thes¢ risk assessmen15 are subjcct to Continual review and monitoring. The Ti'uslees take all appr(>priatc steps to moderale and manage the inevitable operational risks to which volunte¢i's staff and ass¢ls of the Divine Wor¥hippers Christian Ministries are expos¢d. Comp¢t¢nce-based traiiiing for volunteers, employevs liability insuratLce, Inonitoring of new legislalive requii'ements ai'¢ examples of steps taken. In particular there are policies and pr(￿edulES for Children and vulnerable adults pi'ol¢ction and for health and safety Ti5ks. Fui'thei'moi'e a iisk iEgist¢r is to be established and updaÈ¢d at least a1￿uallY. There are currently no risks that provide Cause for concern. 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 Trust￿5 are assisted by department leaders.There are Iwo trustees on the Board of Leadei's. The Board of TI￿Sle08 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 t1￿l 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