Divine Arrow OF Deliverance Evangelistic Ministries (diadem)
Trustees' Report and Unaudited Accounts
31 December 2022
Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Contents
| Pages | ||
|---|---|---|
| Trustees'AnnualReport | 2 to 3 | |
| IndependentExaminer'sReport | 4 | |
| Statement of FinancialActivities | 5 | |
| SummaryIncomeandExpenditure Account | 6 | |
| BalanceSheet | 7 | |
| Statement ofCashflows | - | |
| Notesto the Accounts | 8 to | 12 |
| DetailedStatement of FinancialActivities | 13 to | 14 |
Page 1
Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 07345623
Charity No. 1142889
Registered Office
Crown Complex 4 Pegamoid Road London N18 2NG
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
Roseline Henshaw
Adepeju Mobaolorunduro
Hilary Emmanuel Joy Emmanuel
Accountants
360 Accounting Services Ltd 27 Old Gloucester Street
London
WC1N 3AX
OBJECTIVES AND ACTIVITIES
The Charity's objectives, as set out in its governing documents, are the advancement of the Christian faith
ACHIEVEMENTS AND PERFORMANCE
The organisation witnessed a level of stability in attendance and membership in the past year. he charity carried out some charitable supports as detailed in the notes to the Financial Statements. This year we have had to cut down drastically on the number of charitable supports we could offer because of the economic situation. The church is divided into different departments for administrative purposes with leaders appointed to oversee each department. Every member is expected to belong to a department. The Church also commenced live streaming and online radio broadcast of all our services. The reach has been phenomenal
PLANS FOR FUTURE PERIODS
Page 2
Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Trustees Annual Report
Our aim is to drive growth and steadily increase in the organisation. The trustees are conducting a
community outreach program that target families and individuals through distribution of handbills and flyers. We were planning to set up after school classes for children, in order to assist working and single parents, but we were hampered by finance. It is our belief that such community service will add value to the lives of the beneficiaries and equally raise our profile within the community around us and possibly attract membership into the organisation.
Considering the stability experienced so far, we are muting the idea of appointing more trustees from those who have remained consistent since the inception of the ministry.
STRUCTURE, GOVERNANCE AND MANAGEMENT
DIADEM was incorporated on 13 August 2010 as a limited company, limited by guarantee and registered as a charity on 14 July 2011. The guarantee of each member is limited to £1.
The governing documents are the Memorandum and Articles of the company.
The board of Trustees are the directors of the company. No new trustees were appointed during the period under review.
The Trustees meet at least twice a year or more frequently if necessary. Two meetings were held during the period under review.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Hilary Emmanuel Trustee 09 October 2023
Page 3
Divine Arrow OF Deliverance Evangelistic Ministries (diadem)
Independent Examiners Report
Independent Examiner's Report to the trustees of Divine Arrow OF Deliverance Evangelistic Ministries (diadem)
I report to the charity trustees on my examination of the financial statements of Divine Arrow OF Deliverance Evangelistic Ministries (diadem) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
360 Accounting Services Ltd
27 Old Gloucester Street
London
WC1N 3AX
09 October 2023
Page 4
Divine Arrow OF Deliverance Evangelistic Ministries (diadem)
Statement of Financial Activities
for the year ended 31 December 2022
| for the year ended 31 December 2022 | |||
|---|---|---|---|
| Notes Income and endowments from: Donationsandlegacies 3 Rental income 4 Total Expenditure on: Raisingfunds 5 Charitableactivities 6 Otherchurchactivities 7 Total Netgainsoninvestments Netincome Transfersbetweenfunds Netincome before other gains/(losses) Othergainsandlosses Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward |
Unrestricted funds 2022 £ 55,623 25,363 |
Totalfunds 2022 £ 55,623 25,363 |
Totalfunds 2021 £ 56,127 - |
| 80,986 8,940 38,764 20,346 |
80,986 8,940 38,764 20,346 |
56,127 - 28,170 27,136 |
|
| 68,050 - |
68,050 - |
55,306 - |
|
| 12,936 - |
12,936 - |
821 - |
|
| 12,936 | 12,936 | 821 | |
| 12,936 (44,933) |
12,936 (44,933) |
821 (45,754) |
|
| (31,997) | (31,997) | (44,933) |
Page 5
Divine Arrow OF Deliverance Evangelistic Ministries (diadem)
Summary Income and Expenditure Account
for the year ended 31 December 2022
| Income Gross incomefor the year Expenditure Totalexpenditurefor the year Netincome before taxfor the year Netincomefor the year |
2022 £ 80,986 80,986 68,050 68,050 12,936 12,936 |
2021 £ 56,127 |
|---|---|---|
| 56,127 | ||
| 55,306 | ||
| 55,306 | ||
| 821 | ||
| 821 |
Page 6
Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Balance Sheet
at 31 December 2022
| at 31 December 2022 | |
|---|---|
| Company No. 07345623 Notes 2022 £ Fixed assets Tangibleassets 9 - Current assets Debtors 10 2,424 Cashat bankandin hand 12,281 14,705 Creditors: Amountfallingdue within one year 11 (46,702) Netcurrentliabilities (31,997) Totalassets lesscurrentliabilities (31,997) Netliabilitiesexcludingpension asset orliability (31,997) Totalnetliabilities (31,997) Thefundsofthecharity Restrictedfunds 12 Unrestrictedfunds 12 Generalfunds (31,997) (31,997) Reserves 12 Totalfunds (31,997) |
2021 £ - 2,424 5 |
| 2,429 (47,362) |
|
| (44,933) (44,933) |
|
| (44,933) | |
| (44,933) | |
| (44,933) | |
| (44,933) | |
| (44,933) |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 09 October 2023
And signed on its behalf by:
Hilary Emmanuel
Trustee
09 October 2023
Page 7
Divine Arrow OF Deliverance Evangelistic Ministries (diadem)
Notes to the Accounts
for the year ended 31 December 2022
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Notes to the Accounts
Expenditure
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs.
-
Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 9
Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Notes to the Accounts
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
- 2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
- 3 Income from donations and legacies
| 3 Incomefrom donationsandlegacies |
|||
|---|---|---|---|
| 4 Incomefrom other tradingactivities Rental income 5 Expenditure on raising funds Costsofgenerating voluntary income |
Unrestricted £ 55,623 55,623 Unrestricted £ 25,363 25,363 Unrestricted £ 8,940 8,940 |
Total 2022 £ 55,623 55,623 Total 2022 £ 25,363 25,363 Total 2022 £ 8,940 8,940 |
Total 2021 £ 56,127 |
| 56,127 | |||
| Total 2021 £ - |
|||
| - | |||
| Total 2021 £ - |
|||
| - |
Page 10
Divine Arrow OF Deliverance Evangelistic Ministries (diadem)
Notes to the Accounts
- 6 Expenditure on charitable activities
| 6 Expenditure oncharitable activities |
|||
|---|---|---|---|
| Expenditureoncharitable activities Insurance Rent Repairsand maintenance Conference expenses Van rental Governancecosts 7 Other expenditure Employeecosts Motorand travelcosts Premises costs Generaladministrativecosts Legaland professionalcosts 8 Staffcosts No employee received emolumentsin excessof£60,000. 9 Tangiblefixed assets Cost or revaluation At 1January 2022 At 31 December 2022 Depreciation and impairment At 1January 2022 At 31 December 2022 Net bookvalues At 31 December 2022 At 31 December 2021 |
Unrestricted £ 1,734 21,000 350 11,087 3,693 900 38,764 Unrestricted £ 9,395 10 3,028 7,193 720 20,346 |
Total 2022 £ 1,734 21,000 350 11,087 3,693 900 38,764 Total 2022 £ 9,395 10 3,028 7,193 720 20,346 £ 33,783 33,783 33,783 33,783 - - |
Total 2021 £ 2,225 18,750 379 2,886 3,930 - |
| 28,170 | |||
| Total 2021 £ 14,000 1,295 1,534 9,312 995 |
|||
| 27,136 | |||
| £ 33,783 |
|||
| 33,783 | |||
| 33,783 | |||
| 33,783 | |||
| - | |||
| - |
Page 11
Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Notes to the Accounts
10 Debtors
| 10 Debtors | ||||
|---|---|---|---|---|
| Other debtors 11 Creditors: amountsfallingdue within one year Othercreditors Accruals 12 Movementinfunds Restrictedfunds: Unrestrictedfunds: Generalfunds Totalfunds 13 Analysisofnet assetsbetweenfunds Netcurrentassets 14 Reconciliation ofnet debt Cashandcash equivalents Net debt |
At 1January 2022 (44,933) (44,933) |
2022 £ 2,424 2,424 2022 £ 45,802 900 46,702 Incoming resources (including other gains/losses ) £ 80,986 80,986 At 1January 2022 £ |
Resources expended £ (68,050) (68,050) Unrestricted funds £ (31,997) (31,997) Cashflows £ |
2021 £ 2,424 |
| 2,424 | ||||
| 2021 £ 45,802 1,560 |
||||
| 47,362 | ||||
| At 31 December 2022 £ (31,997) |
||||
| (31,997) | ||||
| Total £ (31,997) |
||||
| (31,997) | ||||
| At 31 December 2022 £ |
||||
| 5 | 12,276 | 12,281 | ||
| 5 5 |
12,276 12,276 |
12,281 | ||
| 12,281 | ||||
| 15 Related party disclosures Controlling party |
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 12
Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Detailed Statement of Financial Activities
for the year ended 31 December 2022
| for the year ended 31 December 2022 | |||
|---|---|---|---|
| Income and endowmentsfrom: Donationsandlegacies Other tradingactivities Rental income Total income and endowments Expenditure on: Costsofgeneratingdonationsand legacies Totalofexpenditure on raising funds Charitableactivities Insurance Rent Repairsand maintenance Conference expenses Van rental Governancecosts Totalofexpenditure oncharitable activities Employeecosts Stafftraining Motorand travelcosts Travelandsubsistence Premises costs Light,heatand power Generaladministrativecosts, includingdepreciationand amortisation |
Unrestricted funds 2022 £ 55,623 55,623 25,363 25,363 80,986 8,940 8,940 8,940 1,734 21,000 350 11,087 3,693 37,864 900 900 38,764 9,395 9,395 10 10 3,028 3,028 |
Totalfunds 2022 £ 55,623 55,623 25,363 25,363 80,986 8,940 8,940 8,940 1,734 21,000 350 11,087 3,693 37,864 900 900 38,764 9,395 9,395 10 10 3,028 3,028 |
Totalfunds 2021 £ 56,127 |
| 56,127 | |||
| - | |||
| - | |||
| 56,127 - |
|||
| - | |||
| - 2,225 18,750 379 2,886 3,930 |
|||
| 28,170 | |||
| - | |||
| - | |||
| 28,170 14,000 |
|||
| 14,000 | |||
| 1,295 | |||
| 1,295 | |||
| 1,534 | |||
| 1,534 | |||
Page 13
Divine Arrow OF Deliverance Evangelistic Ministries (diadem)
Detailed Statement of Financial Activities
| Divine Arrow OFDeliveranceEvangelistic Ministries(diadem) DetailedStatement ofFinancialActivities |
|||
|---|---|---|---|
| Software,ITsupportand related costs Sundry expenses Telephone,fax and broadband Legaland professionalcosts Accountancyand bookkeeping Totalofexpenditure ofothercosts Totalexpenditure Netgainsoninvestments Netincome Netincome before other gains/(losses) Other Gains Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward |
484 1,058 5,651 7,193 720 720 20,346 68,050 - 12,936 12,936 - 12,936 (44,933) (31,997) |
484 1,058 5,651 7,193 720 720 20,346 68,050 - 12,936 12,936 - 12,936 (44,933) (31,997) |
2,529 2,924 3,859 |
| 9,312 | |||
| 995 | |||
| 995 | |||
| 27,136 | |||
| 55,306 - |
|||
| 821 | |||
| 821 - |
|||
| 821 | |||
| (45,754) | |||
| (44,933) |
Page 14