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2024-12-31-accounts

Registered Charity No - 1142889

DIVINE ARROW OF DELIVERANCE EVANGELISTIC MINISTRIES (DIADEM) For the Year Ended 31 December 2024

CONTENTS PAGE
Legal and Administrative Details 3
Trustees' Report 4
6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9

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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees 1. Adepeju Adepele Mobaolorunduro
2. Roseline Henshaw
3. Hilary Emmanuel
4. Joy Emmanuel
Charity registered Number 1142889
Date of Charitable Registration 14thJuly 2011
Principal office Crown Complex
4 Pegamoid Road
London
N18 2NG
Independent examiners Accounting Assist Ltd C/o GoodtoGive
Bankers Virgin Money Bank

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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Objectives and activities:

To advance the Christian Religion for the benefit of the public by such Charitable means as the Trustees deem fit.

Achievements and Performances:

The organisation witnessed a level of stability in attendance and membership in the past year. the 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:

Our aim is to drive 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, 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

Divine Arrow of Deliverance Evangelistic Ministries (DIADEM) was incorporated on 13[th] August 2010 as a Limited Company, Limited by guarantee and registered as a charity on 14[th] July 2011. The guarantee of each member is limited to £1.

The governing documents are the memorandum and article 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.

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 responsible 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 with the charities SORP (FRS 102).

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TRUSTEES. IIEPORT FOR THE YEAR ENDED 31 DECEMBER 21124 ITrdependeDt E￿ni￿tr. The Charity's inthpendent examincr. Anum HL%saffj FCCA of Aecouniing Assist Ltd Clo Gwd fo (Jive Ltd. have indicatrd their Willingne￿ io offer themselve8 for apw>intmenl. This report was gpproved by the Tntstees on sign¢d on their ￿hlIf by: I GV.Y. E-Miii*A i¢n•tiir•.... DAte.. 1.4..1..4.1. 7

INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024.

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:

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.

Signed: Dated: 16/07/2025

Anum Hassan, FCCA

On behalf of Accounting Assist Ltd

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STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2024

----- Start of picture text -----
Unrestricted Restricted Total Funds Total Funds
2024 2024 2024 2023
£ £ £ £
Notes
Incoming resources
Donations & legacies 2 50,914 - 50,914 85,188
Gift Aid 11,849 - 11,849 -
Bank Interest 3 5 - 5 -
Total Incoming resources 62,768 0 62,768 85,188
Resources expended
Raising Funds 4 800 - 800 15,016
Charitable Activities 5 67,685 - 67,685 34,683
Other - - - 2,140
Total Resources expended 68,485 0 68,485 51,839
Movement in total fund for the
year- Net income / (expenditure) -5,718 0 -5,718 33,349
For the year
Fund balance brought forward 1,352 0 1,352 -31,997
Fund balance carried forward -4,366 0 -4,366 1,352
----- End of picture text -----

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BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2024 2011 Notr CURRENT A￿ETs C&sb at Bth and fj94 1251 694 usi CRLDITORS: •)MyJnty within v¢8r cuR￿NT ASSETS l J52 NET ASSETS 4J06 lJ52 c.HAR￿ FIINDS laJ2 TOTAL WUI¥DS l J32 These Accounts have been in accord8￿¢ with the SF￿111 pft)vision$ of Part 15 of the Companies Act 2006 related to smtll Companies. or the yeor ¢nded 31 Ikcember 2024 th¢ ￿panY w&$ entitl￿ to exem￿10￿ under section 477 of the Companies 2006 relat(xl io small BUSI￿SSes. The member5 hay¢ not required the company to olxain an audit in accordw with 476 of the Companies Act 2(K)6. The directors a¢knowled8e their reS￿n￿bIlitieS for complying with the requirements of th¢ Companies Act 2006 with r¢spKI to accounting r¢eiKd5 and th¢ preFwation of ￿￿nts. Aypn¥wvd by thr Truytee5 atKI signed M their behalf. by: ame Slgnature....... Date. The not¢s on pag¢5 9- 1 I fotxu of ¢kn¥ fJuwJ¥iul btaiwirll

NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparation of financial statements

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

Incoming resources

Recognition of income: Income is included in the Statement of Financial Activities (SoFA) when the charity 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 expenditure : Where income has related expenditure the income and related expenditure is reported gross in the SoFA.

Donations and legacies: Voluntary income received by way of grants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income.

Tax reclaims on donations and gifts: Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates.

Donated services and facilities: These are only included in income (with an equivalent amount in expenditure) 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 revaluation of fixed assets: This includes any gain or loss resulting from revaluing investments to market value at the end of the year.

Gains/(losses) on investment assets: This includes any gain or loss on the sale of investments.

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NOTES TO THE FINANCIAL STATEMENT (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024

Resources expended

Recognition of expenditure: Expenditure is recognised on an basis. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Expenditure on raising funds: These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.

Expenditure on charitable activities: These comprise the costs incurred by the Charity in the delivery of its activities and 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

Donations & Gifts
Gift Aid
Total		 Unrestricted
Funds
Total Funds
2024
Total Funds
2023
£
£
£
50,914
50,914
56,352
11,846
11,849
28,836
62,763
62,763
85,188

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NOTES TO THE FINANCIAL STATEMENT (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024

3. INCOME FROM OTHER TRADING ACTIVITIES

Other Income
Total		 Total Funds
2024
Total Funds
2023
£
£
5
-
5
-

4. EXPENDITURE ON RAISING FUNDS

Cost of Generating Voluntary Income
Total		 Total Funds
2024
Total Funds
2023
£
£
800
15,016
800
15,016

5. EXPENDITURE ON CHARITABLE ACTIVITIES

Insurance
Rent
Repair & Maintenance
Conference Expenses
Salary
Bill Payments
Travel
Governance Costs
Total
6. DEBTORS
Other Debtors
Total		 Total Funds
2024
Total Funds
2023
£
£
1,443
1,283
20,898
22,750
494
-
4,100
7,479
13,530
-
22,571
489
4,161
3,171
67,685
34,683
Total Funds
2024
Total Funds
2023
£
£
0
-
0
-

7. CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR

Other Creditors
Accruals
Total		 Total Funds
2024
Total Funds
2023
£
£
-
-
5,060
899
5,060
899

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