THE LORD'S DIVINE INTERNATIONAL MINISTRIES DIRECTORS REPORTS AND FINANCIAL STATEMENT FOR THE YEAR ENDED 3010412022
THE LORD’S DIVINE INTERNATIONAL MINISTRIES DIRECTORS REPORTS AND FINANCIAL STATEMENT FOR THE YEAR ENDED 30/04/2022
| Contents | |
|---|---|
| Company Information | 1 |
| Directors Report and Independent | 2 |
| Examiner Report | |
| Income and Expenditure Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
THE LORD’S DIVINE INTERNATIONAL MINISTRIES DIRECTORS REPORTS AND FINANCIAL STATEMENT FOR THE YEAR ENDED 30/04/2022
1. Company Information
Directors
Mr. Owusu Agyeman Miss Geraldrine Agyeman Miss Theresa Sarpong
Company Number 10146231 Charity Number: 1173862 Registered Office Flat 56, 81 Hanover Park, SE15 5HE
THE LORD’S DIVINE INTERNATIONAL MINISTRIES DIRECTORS REPORTS AND FINANCIAL STATEMENT FOR THE YEAR ENDED 30/04/2022
2. Directors’ Report
In accordance with company law and applicable regulations, the directors present their report and financial statements for the year ended 30th April 2022. As per elected company law which requires directors to prepare financial statements for each financial year, this report and financial statement has been prepared in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors have met standing requirements to: (A) select suitable accounting policies and apply them consistently, (B) make judgments and accounting estimates that are reasonable and prudent and (C) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
Directors Responsibilities, relevant to this report and financial statement are as follows:
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Maintenance of accurate accounting records detailing the company’s transactions in compliance with the Companies Act 2006.
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Safeguarding of company assets with infrastructures for the prevention and detection of fraud and other irregularities where present.
Company limited by guarantee:
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Ultimate Controlling Party:
The company's ultimate controlling party is Mr Owusu Agyeman.
General Information
THE LORD'S DIVINE INTERNATIONAL MINISTRIES Registered number 10146231 is a limited by guarantee company incorporated in England & Wales. The Registered Office is Flat 56, 81 Hanover Park, SE15 5HE.
Principle Activity :
The principal activity of The Lord’s Divine International Ministries continues to the preaching of the Gospel of Christ Jesus. Briefly, in upholding the Gospel, the Ministry provides support and resources for the community through and beyond faith-based activities. In doing so, it provides resources (educational, financial, clothes and food) for the unemployed, single parents and other vulnerable groups. It provides facilities and services (such as counselling) for the discussion of or advice on contemporary subjects relevant to cohesion of the community – examples of this being social mobility, human rights, advocacy for the rights of women and those with disabilities, parenting and those with an interest in the Ministry of Christ. Finally, the ministry also provides an opportunity for young people to develop, build and improve translational and life-long skills such as organisation, communication, time , management and professional etiquettes engaging them through volunteering in the activities of the church and providing opportunities to shadow members of the various teams.
THE LORD’S DIVINE INTERNATIONAL MINISTRIES DIRECTORS REPORTS AND FINANCIAL STATEMENT FOR THE YEAR ENDED 30/04/2022
Directors:
The directors who held office during the year were as follows:
Mr Owusu Agyeman APPOINTED 26/04/2016 Miss Geraldrine Agyeman APPOINTED 11/06/2018 Miss Theresa Sarpong APPOINTED 10/11/2020
Small Company Rules :
This report has been prepared in accordance with the special provisions relating to companies’ subject to the small company’s regime within Part 15 of the Companies Act 2006.
Audit exemption statement
For the year ending 30/04/2022, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime.
On behalf of the board Mr Owusu Agyeman 30/01/23
THE LORD’S DIVINE INTERNATIONAL MINISTRIES DIRECTORS REPORTS AND FINANCIAL STATEMENT FOR THE YEAR ENDED 30/04/2022
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF:
THE LORD'S DIVINE INTERNATIONAL MINISTRIES (Charity No: 1173S62)
I have examined and reported on the accounts of THE LORD'S DIVINE INTERNATIONAL MINISTRIES for the year ended 30 April 2022.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is my responsibility to:
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examine the accounts under section 43 of the 1993 Act,
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to follow the procedures laid down in the general Directions given by the Charity
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Commission (under section 43(7)(b) of the 1993 Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 41 of the 1993Act; and
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to prepare accounts which accord with the accounting records and comply with the
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accounting requirements of the 1993 Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Rev. Patrick Suadwa
Name: Rev. Patrick Suadwa
Professional Body: HND Business Academic Lead, British Academy of Jewellery, 231 North Gower Street, London NW1 2NR.
THE LORD’S DIVINE INTERNATIONAL MINISTRIES DIRECTORS REPORTS AND FINANCIAL STATEMENT FOR THE YEAR ENDED 30/04/2022
3. Income and Expenditure for the Year Ended 30[th] April 2022
| . Income and Expenditure for the Year Ended 30th April 2022 |
|
|---|---|
| Income Notes £ Tithe, Offerings and Donations 48,145.95 |
£ |
| 48,145.95 | |
| Administrative Expenses Rent 4422 Welfare and Charitable Donations 1 7400 Travel 1731.81 Administration 2 6831.48 Depreciation 353.71 |
|
| (20,385.29) | |
| 27,760.66 | |
| Operating Surplus | |
| Surplus for The Financial Year | |
| 27,760.66 | |
THE LORD’S DIVINE INTERNATIONAL MINISTRIES DIRECTORS REPORTS AND FINANCIAL STATEMENT FOR THE YEAR ENDED 30/04/2022
4. Balance Sheet as at 30/04/22
| Notes | 2022 | 2021 | ||
|---|---|---|---|---|
| Fixed assets | 1903.55 | 2,651 | ||
| Tangible assets | ||||
| Current assets | 35,189.29 | 38,137 | ||
| Cash at bank and in hand | ||||
| Creditors falling due | 3 | |||
| within one year | (10000) | (10000) | ||
| Net current assets | 25,189.29 | 28,137 | ||
| Net assets | 27, 092.84 | 30,524.52 | ||
| Capital and reserves | 30,524.52 | |||
| Profit and loss account |
THE LORD’S DIVINE INTERNATIONAL MINISTRIES DIRECTORS REPORTS AND FINANCIAL STATEMENT FOR THE YEAR ENDED 30/04/2022
5. Notes accompanying account:
The year 2020/2021 saw a transformation in the way we work as both a company and a charity. Given the demographic of our local community, the majority of whom are disproportionately affected by COVID-19, our donations during this period and so expenses in meeting the requirements of those in need increased significantly. Nonetheless, in the subsequent year, these as reflected above in the year 2021/2022 have decreased to levels indicative of pre-COVID-19 times.
1: Welfare and Charitable donations constitute both material and financial donations, made periodically, regularly and or as a one off as per the needs of individuals.
2: Administrative: includes payments made to those with whom we have agreement for their services – namingly instrumentalists, also includes the cost of websites, sustenance, running equipment costs and etc. This also include, youth expenditure, legal fees and online purchases.
3: Creditors: amounts falling due within one year, loans in addition to other creditors (Rent, possible international project; negotiations underway).
Additionally, In anticipation of the charitable donations and the purchase of food and other essentials for our community, we took the decision to borrow a bounce back loan offered by the government to institutions. This will be repaid within 5 years without interest. Repayments fall in this year and have totalled £1,674 at the date of preparation of this document. This is to be reviewed and submitted as part of our balance sheet in the future.