## **DOMINION PROPHETIC OUTREACH MINISTRIES**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2021**
**CHARITY NUMBER: 1167162**
## **DOMINION PROPHETIC OUTREACH MINISTRIES**
## **INDEX**
|**Index**
**Trustee’s Report**
**Receipts and Payments Account**
**Statement of Assets and Liabilities**
**Notes on the Financial Statements**|**Page**
**2**
**3-4**
**5**
**6**
**7**|
|---|---|
2
## **DOMINION PROPHETIC OUTREACH MINISTRIES**
## **TRUSTEES’ REPORT FOR YEAR ENDED 31 DECEMBER 2020**
The trustees are pleased to present their report for the year ended 31st December 2021 for the charity, Dominion Prophetic Outreach Ministries with charity number 1167162.
The Trustees of the charity are:
Ms. Nike Coker Mrs. Bola Wusu Mrs. Rebecca Daisi Ms. Olusola Ogunleye
The principal address of the charity is: 68 Overton Road LONDON
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Charity governing document is a CIO – Foundation Constitution registered 17th May 2016.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
## **OBJECTIVES AND ACTIVITIES**
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
## **ACHIEVMENTS AND PERFORMANCE**
Due to the pandemic the Organisation was restricted in the number of places they were able to visit outside of the country. However, the Organisation held successful virtual meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held 6 months training on the work of ministry; several virtual prayer meetings in January, February, June, September and in December as on-line events within UK, in which individuals zoomed in from all
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around the community and the world to attend. The organisation also was successful using the balance of the funding from 2020 to help the community. These have produced good results in reaching and helping members of the community and outside. The programs proved to be very beneficial to many people within and outside the community. There was tremendous feedback from the events where individual lives were impacted in aver positive manner. The charity also held several prayer meetings and planning meetings as they prepared for overseas conferences. The Christian outreach programs held in Nigeria were done in May and in November.
## **FINANCIAL REVIEW**
The income of the charity is above £16,000 by donation. This is a good amount for this year for the charity, the costs have been well managed over this period. The organisation is still in a good position to manage its costs and provide a reasonably secure financial base on which to plan future projects and commit to related expenditure, before external funding has been fully secured. The main cost of the organisation this year was paying for sponsoring the costs of holding its outreaches in London and Overseas.
## **RESERVE POLICY**
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
## **RISK MANAGEMENT**
The charity has assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
## **TRUSTEE RESPONSIBILITIES**
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
1. Select suitable accounting policies and apply them consistently.
2. Make judgements and estimates that are reasonable and prudent.
3. State whether the applicable accounting standards have been followed.
4. Prepare financial statements on an ongoing basis.
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They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 25[th] of March 2022
Signed on their behalf by: ……Ms. Nike Coker…………………, Trustee.
## **DOMINION PROPHETIC OUTREACH MINISTRIES ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **A Receipts & Payments Account (General ) Purpose Fund)**
|**Income Receipts**
**Notes**
Donations
Charity fund-lottery
Interests
Total Receipts
**Direct Charitable Expenditure**
Charity activities
Honorarium
Television prog. Costs
Website cost
Event insurance
Mission
Transport
Advertising
Welfare
Conference cost
Media Services
Professional services
Admin
Telephone & internet
ofce and hall hire
Stationery
Travel and subsistence|**2021**
**2020**
**£'00**
**£'00**
16927
10753
0
10000
0
0|
|---|---|
||**16927**
**20753**|
||1411
3099
2070
25
0
0
230
233
0
0
8742
0
0
0
200
200
66
0
318
101
516
429
0
1340
258
118
770
461
0
0
178
25
1311
50|
||16070
6081|
5
|**Other Expenses**
Music Instruments
Equipment
Fixtures & fttings
Total unrestricted Payment
Total restricted Payment
1
**Total Payments**
**Net Receipts (payments) for the year**
Cash funds brought forward
Understated cash brought forward
**Cash Funds at the end of the year**|0
40
0
56
0
0|
|---|---|
||16070
6121
1072
7707|
||17142
13924|
||-215
6829
8403
1448
126|
||**8188**
**8403**|
## **DOMINION PROPHETIC OUTREACH MINISTRIES**
## **Statement of Assets and Liabilities at 31st December B) 2021 Monetary Assets**
|Cash at hand and in bank:
Unrestricted
Restricted
Total Cash funds
**Assets Retained for the**
**Charity's Own use**
**None-monetary Assets and Liabilities**
Music Instruments
Equipment
**Liabilities**
Bookkeeping|**Analysis of**
**Funds**
**2021**
**2020**
£'00
£'00
8324
6110
0
2293|
|---|---|
||8324
8403|
||200
250
262
328|
||462
578
0
0|
6
|**Net Assets**|**8786**|**8981**|
|---|---|---|
|**Capital and reserves**|||
|Restricted|0|2293|
|unrestricted|8786|6687|
||**8786**|**8981**|
## **DOMINION PROPHETIC OUTREACH MINISTRIES**
## **NOTES TO THE FINANCIAL STATEMENTS**
The report on the accounts of the Charity for the year ended 31 December 2021, which are set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
## **ACCOUNTING POLICIES**
## _**Basis of Accounting**_
These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.
## _**Funds**_
The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.
## **Total payments for the year**
1. Restricted expenses have been reported separately from the unrestricted expenses
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The CIO has no outstanding guarantees to third parties, no debts secured on the assets of the CIO
## _**Public Benefit**_
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit. Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
## _**Depreciation**_
Depreciation is charged at 20% straight line basis.
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