DNIINEDESTINYPARISH CELESTIAL CHURCH OF CHRIST Company Reg no.. 07192023 Charity Reg. No.. 1K2031 DIRECTORS REPORT AND FlMNcI STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 Page I
DIVINE DESTINY PARISH CELESTIAL CHURCH OF CHRIST DIRECTORS REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 315¢ MARCH 2022 CONTENTS PAGE Reference and administrative details Directors. rep¢)rt kndependent Examlnefs report Statement of Incom8 & Expenditure Balanc8 sheet Notes to the accounts 10-13 Page2
DIVINE DESTINY PARISH CELESTIAL CHURCH OF CHRIST REFERENCE AND ADMINISTFi4TIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENOED 31st MARCH 2022 Dlrectors 1. PROPHET O. SONUBI 2. MS L. RODRIGUES 3. MR M. SIWONIKU 4. MS E. TEMOWO 5. hARS E. OYETAN 6. MRS A. ANIBABA Company Secretary OLAWALE ESEKU Regl8tsr•d Company number 07192023 (England and Wales) Rggl$t•r•d Charlty numb•r 1142031 R•glstsrnd offie• 2>25 Peckham High Road London SE15 SEB Independènt Examlnèr Olasunkanmi Onanuga M.Sc.. FF J Accend Accountants 138 B8tterton Road Rainham, London. RM13 8NH Bank•r Lloyds Bank PIC 25 Gresham Street London. EC2V 7HN Pw3
DIVINE DESTINY PNRISH CELESTIAL CHURCH OF CHRIST DIRECTORS, REPORT FOR PERIOD ENDING 31 MARCH 2022 The Directors submit their report and financTral statement for Divine Destiny Parish, Celestl81 Church of Christ (The Charity) for the year ended 31 March 2022. The Directors confimi that th8 directors, report and financial ststem6nts of the company comply with Cuent statutory requirements of the companvs gov8ming document and the provisions of Companies Act 2006. STRUCTURE, GOVERNANCE AND MANAGEMENT Divine Destiny Parish. Celestial Church Christ is incorporated in England and Wales as a charitable company. The Company is limited by guarantee with ¢ompany r8gistratlon number is 07192023. It is regislered with ihe Charity Commission as a charity in England and Wales and the registration number is 1142031. APPOI NTMENT OR ELECTION OF DIRECTORS Directors are appointéd and or COwOPted under the tems of the constitution. POLICIES ADOPTED FOR THE NDUCTION AND TRAINING OF NEW TRUSTEES The induction pro¢ess for a newly appointed Director comprises of an initial meeting with the chair and olhèr Directors, followed by short meetings with the Senior Shepherd on the powers and responsibilities of th8 Directors. ORGANISATIONAL STrUCTURE AND DECISION MAKING The charity is organlsed so that the Dlrectors me81 regularly to manage its affalrs. Th8 parbh pastor manages the day-ttrday administration of the church. RELATED PARTY TRANSACTION Dlvlne Destiny Parfsh is a parish of Cèlesllal Church of God Worfdwide thIch has parlshes all ovor the world. RISK MANAGEMENT The Directors have assessed the major risks to whlth the charlty Is exposed, In partlcular those related to operations and finances of the charity and are satisfied that systems are in place to mibgate our exposures to major risks. OBJECTIVES AND ACTIVITIES The principal object is the advancement of Christian faith n acrdance v#ith the stalement of b81iets of Divine Destiny Parish. Celestial Church of Christ, and the relief of poverty. To achieve tts obJe¢ttves. the church adopted the following strategies.. Running Sunday worship Services and midweek bible study. Supporting other charitios and Christian events.
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DIVINE DESTINY PARISH CELESTIAL CHURCH OF CHRIST DIRECTORS. REPORT FOR PERIOD ENDING 31 MARCH 2022 PUBLIC BENEFITS The Church's Sunday and mi&vthk services ar8 open to the public to build on their Christian faith. Apart from its Church activities, the charity was involved in the following public bbnefit efforts: Had retreats for different natural groups,. Children, T88nager8, Youth and Couples to promote good family values and responsible pwle. Holding outreaches and social action activthes in arèas of interest to our community. During the year, the Charity distributed relief materials in the community to reduce the impact of the government lockdown order during thé Covi&19 pandemic Our efforts are geared towards supporting the programme of our local community, promoting cohesion in our community, and impacting the lives of the young pgopkn and tho 8ld8rly. GRANT MAKING POLICY The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to Celests'al Church Headquarter in the UK and other Wodd Evangelism Mis$KJn. The Church supports other Charities and missionary that shares ts objects in the advaneem8nt of Christian faith and rellof of poverty. The church gives occasional weffare grants to congregab.onal members who are n need. VOLUNTEERS The church is graleful for the unslinting efforts of its volunteers who are involved in providing 8gNi¢6s for the ¢hanty. It is e$tirnaled that over 1000 hours are provid8d by volunteers during the year. r this is conservatively valued at £9.50 per hour, the volunteers, effort will amount to over £9.500.00 REVIEW OF ACTivrriES The church continues to enjoy tremendous growth in its physical and splrliual life during tho year, and in the advancement of Christian faith in accordance with the doctrines set out Sn the Statement of faith contained in our constitution. RESERVES POLICY The trustees, policy is to have unrestricted and uncommitted funds (free reseNesl to cover 3 to 6 months of resources expended. They fèel that this would enable the current actlvities to continue rf there is any signrficanl drop in fijnding. It would obviously be necessary then lo conslder how the funding woukj be replaced or activities changed. The present free reserve is below the policy range. bui the trustees are continuing to seek add'Onal funds for the reserves. Page5
DMNE DESTINY PARISH CELESTIAL CHURCH OF CHRIST DIRECTORS. REPORT FOR PERIOD ENDING 31 MARCH 2022 PRINCIPAL FUNDING Funding has been provided mainly through tithes and offerings by church m8mb8rs and through donats'ons. Pledges are also tsken for specffic projects. FUTURE DEVELOPMENTS The charity wntinues to explore various ways of Spreading the gospel of Chrfst In an effective mann6r. The charity Is also looking to grow in membership and continue to develop ts members to make1rf8-changing impact in the community. STATEMENT OF DIRECTORS. RESPONSIBIUTIES The Trustees ar8 responsible for preparing the annual report and financial statèments In accordance wth applicable laws arKI regulations. Company law requlres the Direc to prepare financial statements for each fin8nclal yèar. Und8r that law, th8 Directors hav8 elected to prepare the financial statements in accordance with the Unlted lQngdom Generalty Acceptab18 Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statèments ar8 requirèd to give 8 true and fair view of the slate of affairs of tho ¢harity and of the surplus or deficit of ihe charlty for that porlod. In preparing the finan¢lal statements. the Dlrectors are requir•d to: - Seloct suitable accounting poliaes and the apply them consistently. Make judgement and estimates that are reasonable and prudent. Prepare the financial statements on the going Goncem basis unle88 it is Inappropriate to presum& that the company wll continue in operation. The Directors recognise Ihelr responsibiliti68 to keep proper accounting records that disclose with reasonable accuracy at any time the financial postbon of the charity and enable them to ensure that the financial statements comply wrth the C¢)mpanies Act 2006. They are also résponslble for safeguarding the assets of the company and hence taklng steps for the prevention and d8tection of fraud and other trregulariti8S. The appended financial ststements have been pr8pared on the accruals basis and have been axamined by an independent examiner. whose rep)rt is also appended. Approved bythé Directors on . . 2022 and signed on their behalf by: Senior Shepherd O Sonubi Director Page6
DMINE DESTINY PARISH CELESTIAL CHURCH OF CHRIST INDEPENDENT EXAMINERS REPORT FOR YEAR ENDED 31 MARCH 2022 TO THE DIRECTORS OF DIVINE DESTINY PARISH, OF CELESTIAL CHURCH OF CHRIST I report on the accounts of the charity for the period ended 31 March 2022 whbth Is set on pages 8-12 RESPECTIVE RESPONSIBILITIES OF THE TRSUTEES AND THE EXAMINER The charity Directors are responsible for the preparation of the accounts. The Charity's tTUStees consider than an audit is not required for the period under section 476 of the Companies Act 2006 and thal an independent examination is needed. It Is my responslbllity to: 8xamina the accounts under section145 of Charities Act 2011. followthe procedures laid down in the general Directionsgiven by the C h a r i ty Commissioners (und8r seclion 145{51(b) of the 2011 Act: and state wh8ther matters have comè to my attention. BASIS OF MY EXAMNATION My examination was carried oui in accordance wrih the General Directions given by the Charity Commission. An examination includes a review of the accountlng records kept by the charlty and a comparison of the accounts presented with those records. It also Indud88 consideration of any unusual tems or disdosures in the account and s88king explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required In an audlt, and consequently no opinion is glven as to whether the accounts present a Irue and fair view. and the report is limited to thos8 matters Set out in the statements below. EXAMINER'S STATEMENT In connectlon with my examinallon. no matter has come to my attention.. {1) which giv8s me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that: - proper accountlng records are not kept in accordance with the companies Act,. and accounts are prepared which agree with the accounting records and comply vlth the accounting requirements of the Companies Act 2006: or (2) to which, I n my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Sunkanmi Onanuga M.Sc., IFAJMPA J Accend Accountants Pa8e 7
DfviNE DESTINY PARISH CELESTIAL CHURCH OF CHRIST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Unrestricted Total fund funds NCOME RECEIVED Notes Donations and Grant 63.503. 32.663 EXPENDITURE ON Charitsble activities Charitable Actlvltles 31,706 27,317 NET INCOMEI(EXPENDITUREO) 5,346 31.797 RECONCILIATION OF FUNDS Total funds brought forward 7,655 2,309 TOTAL FUNDS CARRIED FORWARD 39,452 7.655 Page 8
DMNE DESTINY PARISH CELEsnAL CHURCH OF CHRIST BALANCE SHEET AS AT 31 PAARCH 2022 2022 2021 Total Unroslrietèd fijnd fvnds FIXED ASSETS Tangible asset8 75 CURRENT ASSETS Cash al bank 39,452 7.655 CREDrroRS Amounts falliThJ du• within on• ¥r {3,571} 13,SOOI NET CURRENT ASSEf8 11.655 TOTAL ASSETS LESS CURRENT LIABILITIES 40,881 11,655 NET AS8ET8 40.881 11.655 FINANCED BY: CHARITY FUND Unr•strfct•d fvnds Th• ¢hllrll• r•mwny t0•x•MOe om 477 ALX 200B for lh• yw •nd•d 31 Mah 2022. Th•mmbwB h•v•nol rnwlred th• c•mpwyto n•jth ofhfr)wth#tst•m•rts ftyth• J1 March 2022 Inco)rd h 476 olth• CcThpanleAci 2CO6. (a) {bl qnsurlng thai lh• Ch•rX cfA))rty k•op• r•r4¥th th•l+wlh 8qdkni 387 ofthD conl A¢1 2fl)6 and preporlng finan4 stat•m•nls 9N• a f8 ol the glaiv of aff4ws cl Ihb ch•r#ab ¢ompany al 01 th• •nd ol •xh nn8n¢l yw ind of 18 8urt4wJ ordqfictt Iv oxh firthcthl y•gr Inw¢4rdanrn i¢h tho ffw•ments of8•th 394 395 •nd whth crywny. ¢¢¥wny'• rM9. behew by.. . 2022 ww• •DId rm Sentorswherd oSon.[M*JT Pag¢ 9
DIVINE DESTINY PARISH CELESTIAL CHURCH OF CHRIST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 1. ACCOUNTI NG POLICIES {1.1) Basis of preparation of finandal ststements These accounts have been prepared under the historical cost convents'on and in accordance with the Financial Reporting Standard for Smaller Entities (effectiV8 April 20081. The financial statements have been prepared with Statement of Recommended Practice (SORP), 'Ac¢ounling and Reporknng by Charities published in March 2005 and applicablè accounting standards. (1.2) Incoming rescyJr¢es All incoming resources are included in the statement of financial activities when the charity is legally entilled to the incomè and the amount can be reasonably quantird with reasonablè accuracy. (1.3) Resources expended All èxpenditures are accounted for on an accrual basls. Management and govemance costs are Cost incurred in nnectiOn with administration and compliance with statutory requlrement. 11.41 Tangible fixed ass8ls Depreciation is provld8d at the followlng annugl rates to vrrite off each asset over 18 estimated useful lrfe. Plant ond machinery 20% reducing baLgr8 Fixturès and fitts'ng8 20% on reducing balance {1.5) Taxatlon The ¢harlty Is exempt from corporation tax on Is charitable advltles. (1.6) Fund Accountlng Unrestricted fij19 can b& used in accordance wth the charitable objectives at the discretion of the trustees. Rastricted funds can only bo used for restricted Purposes within thè objects of the eharty. Restrictions arise whèn specffied by the donor or when funds are raised for restnctad purposes. Further explanatlon of the nature and purpose of each fund is included in the notes to the financial statements. Pase 10
DbJlNE DESTINY PARISH CELESTIAL CHURCH OF CHRIST NOTES TOTHEACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted Restri¢t•d Total Funds Funds Fund8 Funds 2022 2022 2021 DONATIONS. LEGACIESAND SIMILAR INCOME Pl4nn8d gmng 19,465 12.673 Grant r8c•lv•d 3. Grants paYalo-Inst1lUonal Charitable giving-UK 2.100 2,200 4. NETNCOMEIIEXPENDITUREI N•llncom8ll•xwndlturel bs ststod 0ft&r¢h8rgln{dlng).' 21r22 2021 Deprockqtion- own•d assets S. TRUSTEES. REMUNERATION AND BENEFITS Th$re were no trustsg¥' reMurralK)n ty ¢)ther b•n•flts fty Ihe year endod 31 March 2022 nor tr the r ended 31 March 2021. . RELATED PARTYTRANSACTIONS During the year, tho church pald Inslrtuljonal grant to Co*tial Church of ChtfjslWod¢hd8 Hgad offlc8 In UKforWorld Evge1c mis$b)n and othor ¢harrtable purptsse. P•g¢ 11
DMNE DESTINY PARISH CELESTIAL CHURCH OF CHRIST NOTES TOTHEACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Collections arKI Grnnt 63,503 32.663 7. COST OF CHARITABLE ACTMTIES Wag&$ Rent arKI rates 12,000 12,LN)O R8pair5 and rgnovallon Servic8$ Charge8 Postago and ststionery Sundri8s Travo115 Weffar6- Cov1&19 Relbef Evangelical 1.5LXI 6.060 150 3.900 2,11)0 6.CK)O 2.200 Evangellc81 Pastoral Cholr Sunday Sch¢Jol SundryEquipment Spiritual Mat8rfal$ Cleaning 450 2S,100 26.260 11. GOVERNANCE CO8TS countsncy •rKI legal f•8$ Bank Charge$ Improvements to property Plant and machinery xtures andfftttno8 7,1( 92 57 Total rosourc axpend g. CASH BALANCES- £39.452.00 Pagr l2
DMNE DESTINY PARISH CELESTIAL GHURCH OF CHRIST NOTES TO THE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 TANG18LE FIXEDASSETS Mu¢al Computsr Eqlhpmenl Furniture & Projector & fittings Totals COST At 1 Apnl 2021 and 31 March 2022 10.000 DEPRECIATION At 1 Apfll 2021 lor •T 1.500 7SO 10,000 1.250 At 31 March 2022 NET BOOKVALUE At 31 March 2022 11. CREDITORS: AAIOUNTS FALUNG DUEwmiiN ONE YEAR 2022 2021 Ae£ru#d A¢untan¢I f•• 3.571 500 P•s¢ 13