## **Divine Arrow OF Deliverance Evangelistic Ministries (diadem)** ## **Charity No. 1142889** **Company No. 07345623** ## **Trustees' Report and Unaudited Accounts** **31 December 2023** **Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Contents** ||Pages|| |---|---|---| |Trustees' Annual Report|2 to 3|| |Independent Examiner's Report||4| |Statement of Financial Activities||5| |Summary Income and Expenditure Account||6| |Balance Sheet||7| |Statement of Cash flows||8| |Notes to the Accounts|9 to|11| Page 1 **Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Trustees Annual Report** The trustees, present their report with the unaudited financial statements of the charity for the year ended 31 December 2023. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Company No. 07345623** ## **Charity No. 1142889** ## **Registered Office** Crown Complex 4 Pegamoid Road London N18 2NG ## **Trustees** The following 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 Page 2 OMM Arn>w OF Delherancé Ev•￿1151k Mlnlth Idl•d*ml Tn￿ Aft￿￿1 Report IUNS FOR FimiRE PEAIOD5 Our •im Is to drrrt growth arKI sleadity IrKre•se In the oryani5allon. The trustees are condudlng • comrnunity outreach prrwam that taryet famil￿5 and indr¥wJuals thiou8h di5tributlon of handbills and flyers. We were plaTrnw to set up after sdmiol dasses for childven. In order io assist workSng and single parents. but we were harn￿￿ed by financt. It bs our beliel that such cornmunity service will add value to the lives of the benefi¢i•rles and equalty raise Our wofile wrthin the o)mmunity around us and possibty attrart Membership into the orgonisation. Consklerin8 the stability experience41 $0 fat. we are muting the hlea of appointing more trustees from those who remained consisteni wnce the inception olthe ministry. STrUfflIRE. GOVERIIANCE AND MANAGEMENT DIADEM was i￿orPOr•￿d on 13 Ai8usi 2010 as a limiled Company, limited by guarantee and re81stered as a charity on 14 Juty 2011. The 8uaraniee of eath rnember 1$ limiied to £1. The gfftmin6 documents a￿ the Memorandum arrtl Articles of the cwpany. The board of Trustees are ihe diredors of the Company. No r*w trustees asjpointed during the perlod under review. The Tfustees meet at le•si tWKe a ￿•r01 mort frequently If necesury. Two meetln8s wefe htld durir¥g the period under rel￿. Tht Trustees are fespoThsible for keepin8 proper a(couniin8 records that dlsclose wilh reasonable accuraty at any time ihe fin•n¢i•l position ol the charity and to enab￿ ihem io ensure that ihe financial ststemenis comply with the Compafiie5 Act 2L)J6. The Twstees are also responsib￿ for 5afe8uardtng the a55ets of the ch•r6ty and hents t•kin8 reasw4ble steps for the wevent￿n detertlon of fraud and other irregularitles. The above report has been pvepared In a￿ordanCe with the p￿￿$10ft$ applicable to companies subleu to the Small cornpanies fe8ime a5 Set out ￿ P•rt IS ol iht Compani¢s Aci 2(MJ6and in a¢¢ofd•nce wilh the Charitie5 SORP IFRS 1021. Siined on behalf of the Trustees Hilary Trustee 04 September 2024 anuel 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 2023. ## **Responsibilities and basis of report** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act"), and consider that an audit is not required for the year under Section 144 of the Charities Act 2011 and that an independent examination is required 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. Dawnette Allen BA(Hons)FCCA 360 Accounting Services Ltd 27 Old Gloucester Street London WC1N 3AX 04 September 2024 Page 4 **Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Statement of Financial Activities** ## **for the year ended 31 December 2023** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
Other trading activities
3
**Total**
**Expenditure on:**
Raising funds
4
Charitable activities
5
Other
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
85,188
-|**Total funds**
**2023**
**£**
85,188
-|**Total funds**
**2022**
**£**
55,623
25,363| |---|---|---|---| ||85,188
15,016
34,683
2,140|85,188
15,016
34,683
2,140|80,986
8,940
38,764
20,346| ||51,839
-|51,839
-|68,050
-| ||33,349
-|33,349
-|12,936
-| ||33,349|33,349|12,936| ||33,349
(31,997)|33,349
(31,997)|12,936
(44,933)| ||1,352|1,352|(31,997)| Page 5 **Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Summary Income and Expenditure Account** ## **for the year ended 31 December 2023** |Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2023**
**£**
85,188
85,188
51,839
51,839
33,349
33,349|**2022**
**£**
80,986| |---|---|---| |||80,986| |||68,050| |||68,050| |||12,936| |||12,936| Page 6 Ji r*r•mb•r 1021 2.424 sh •1 bthik 1,251 2,151 11991 I,Jsi 14.705 146,7021 131.9971 131.997 131,9971 l.J51 1.351 1,3S2 131,9971 Gener41 lynds 1,352 131,9971 1,352 131.9971 Tot•1 lunth 1.352 131.9971 These •ccounts hi￿ ytp•rnl In attordarKe wlth ihe spe¢l•l pmlsknis of P•rt IS of ihe Com￿￿6e5 Art 2CK6 rtlltlry to srnall cornp•nbes. For ihe ye•r ended 31 December 2023 the iompany was entitled to ¢Mempibon undtr sertlon 477 of the Comp•n6e5 Act 2￿6 reL4tiry to small (ompanies. The members h•¥* noi requlred the company io <>btaln an •udli In accofd•nce wlth se¢llon 476 olthe C4)mponie5 Aci 2[(￿. The diretlor5 acknowled8e ihelr Tespon5ibililies lor tompMn8 wtth the requWem•nts ol the Qlmwnles Act 2C•J6 wlth Tesperl to a¢¢ountin4 records and ihe preparat￿￿ of accounts. ApsYo¥ed by the bo•rd on 01 Sepiember 2024 And s*Md on Its tse￿11 by: •nuel Trust 04 sep￿mber 2024 Pa8e 7 **Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Statement of Cash flows** ## **for the year ended 31 December 2023** |**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Decrease in trade and other receivables
Decrease in trade and other payables
**Net cash (used in)/provided by operating activities**
**Net cash from investing activities**
**Net cash from financing activities**
**Net (decrease)/increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2023**
**£**
33,349
2,424
(45,802)
(10,029)
-
-
(10,029)
12,281
2,252
2,251
2,251|**2022**
**£**
12,936
-
-| |---|---|---| |||12,936| |||-| |||| |||-| |||| |||12,936| |||5| |||12,941| |||| |||12,281| |||| |||12,281| Page 8 **Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Notes to the Accounts** ## **for the year ended 31 December 2023** - 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. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. - **Income** |**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 9 **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. ## **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. - 2 **Income from donations and legacies** |**Income from donations and legacies**|||| |---|---|---|---| |Donations
Gift aid|**Unrestricted**
**£**
56,352
28,836
85,188|**Total**
**2023**
**£**
56,352
28,836
85,188|**Total**
**2022**
**£**
55,623
-| ||||55,623| Page 10 **Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Notes to the Accounts** - 3 **Income from other trading activities** |Other income
4
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
5
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Insurance
Rent
Repairs and maintenance
Conference expenses
Van rental
Governance costs
6
**Debtors**
Other debtors
7
**Creditors:**
amounts falling due within one year
Other creditors
Accruals|**Unrestricted**
**£**
15,016
15,016
**2023**
**£**
-
-
**2023**
**£**
-
899
899|**Total**
**2023**
**£**
-
-
**Total**
**2023**
**£**
15,016
15,016
**Total**
**2023**
**£**
1,283
22,750
-
7,479
-
3,171
34,683|**Total**
**2022**
**£**
25,363| |---|---|---|---| ||||25,363| ||||**Total**
**2022**
**£**
8,940| ||||8,940| ||||**Total**
**2022**
**£**
1,734
21,000
350
11,087
3,693
900| ||||38,764| ||||**2022**
**£**
2,424| ||||2,424| ||||**2022**
**£**
45,802
900| ||||46,702| Page 11 **Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Detailed Statement of Financial Activities** ## **for the year ended 31 December 2023** |**Income and endowments from:**
Donations and legacies
Donations
Gift aid
Other trading activities
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
**Total of expenditure on raising**
**funds**
Charitable activities
Insurance
Rent
Repairs and maintenance
Conference expenses
Van rental
Governance costs
**Total of expenditure on charitable**
**activities**
Employee costs
Staff training
Motor and travel costs
Travel and subsistence
Premises costs
Rent
Light, heat and power|**Unrestricted**
**funds**
**2023**
**£**
56,352
28,836
85,188
-
-
85,188
15,016
15,016
15,016
1,283
22,750
-
7,479
-
31,512
3,171
3,171
34,683
-
-
65
65
-
-
-|**Total funds**
**2023**
**£**
56,352
28,836
85,188
-
-
85,188
15,016
15,016
15,016
1,283
22,750
-
7,479
-
31,512
3,171
3,171
34,683
-
-
65
65
-
-
-|**Total 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| Page 12 **Divine Arrow OF Deliverance Evangelistic Ministries (diadem) Detailed Statement of Financial Activities** General administrative costs, |including depreciation and
amortisation
General insurances
Software, IT support and related
costs
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|-
-
443
32
475
1,600
1,600
2,140
51,839
-
33,349
33,349
-
33,349
(31,997)
1,352|-
-
443
32
475
1,600
1,600
2,140
51,839
-
33,349
33,349
-
33,349
(31,997)
1,352|-
484
1,058
5,651| |---|---|---|---| ||||7,193| ||||720| ||||720| ||||| ||||20,346| ||||68,050
-| ||||12,936| ||||12,936
-| ||||12,936| ||||(44,933)| ||||(31,997)| Page 13