FINANCIAL STATEMENTS Prepared for CHRIST DIVINE LIGHT MINISTRIES CHARITY NUMBER: 1173863 FOR PERIOD 1ST MAY 2023 TO 30TH APRIL 2024
CHRIST DIVINE LIGHT MINISTRIES CHURCH INFORMATION Trustees Ms Cynihia Owusu Rev. Joseph Asuo Celestine Afia SeNaa Bray Reg18t8red Offlce 49 Windsor Street Wolverton Milton Keynes MK12 SAN Examlners Trackrecords Management Services Limiled Unit 7 Cochran Cbse Crownhll Mitton Keynes MK8 OAJ
CHRIST DIVINE LIGHT MINISTRIES FOR THE YEAR ENDED 30th APRIL 2024 REPORTS The Truslees presents their pOrt and financial statements for the year ended 30th April 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity goveming document is a CIO - Foundalion Constitution registered 191h July 2017. The Charity is governed by a board on vhich the trustees are represented. 11 meets regulary to review, plan activities and monitor the financial position. OBJECTIVES AND ACTIVITIES The objects pf Ihe organisation are first to advance Ihe Christian faith in accordan with the slatement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the truslees 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. ACHIEVEMENTS AND PERFORMANCE The Organisation had successful meetings through the year in which individuals were equipped and educaied on the principles and doctrines of the Christian faith. The organisation held oulreach meetings during the year in which inéividuals had the opportunity to hear the message of the Christian failh. This has produced good results in reaching and helping members of the community. FINANCIAL REVIEW OF CHARITY The Charity's results for the y8ar and its financial pcsition at the end of the year are fully disdosed in the attached financial statements. The total income for the year amounted to £5,230.65 We are very grateful to all church members have generously given financially and all help offered in th818St yeats to keep th8 church going. Tangible fixed assets for use by the charity There is no movements in th8 fixed assets
CHRIST DIVINE LIGHT MINISTRIES FOR THE YEAR ENDED 30th APRIL 2024 Commlttee ol Members. responslbilltles The charity law requires the committee of members to prepare financial statements for èach financial year, wtrich give a true view of the financial activities of the charity and of its financial position at the end of Ihat period. In preparing those financial statements, the committee of members is required: a) Select suitable accounting policies and appty them consistently; b) Make judgements and estimates that are reasonable and prudent; c) Slate whether the policies adopted are in accordance wrth applicable accounting standards and statements of recommended accounting practices, subject to any material departures disclosed and explained in the financial statements. d) Prepare financial statements on a going concem basis unless it is inappropriate to assume that the charity will continue in operation. The ¢ommittee of members Is responsible for keeping proper accounting records, whh dlscloses wlth reasonable accuracy at any time, the financial posilion of the charlty and to enable them to ensure that the financial statements MplY wlth Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities. EXAMINERS A resolution to appoint Messer Trackrecords Management Services Limrted as ex8mlners for the ensun'ng year has been proposed and agreed at the annual general meeting in accordance wilh the Charrties Act. Approval The report was approved by Ihe commlttee of mémbers on the 1 stJ&ly 2024 and signed on its behalf Rev J08eph Asuo
CHRIST DIVINE LIGHT MINISTRtES FOR THE YEAR ENDED 3QTH APRIL 2024 Examlners Report We have examined the financial statements in this report, N%thich have been prapared follr)wlng the acxounting policies, set out in the report. Respectlve re8ponslbllltles of trustses and examlners As described in report, the truslees of Christ Divine Ministries are responsible for the preparation of financial statements. It is our responsibilities to fonr an independent opinion, based on our examination, on Ihe statements and to report our opinion to you. 8asls of oplnlon We cnnducted our oxamlnation in accordance th standards charity a¢untIng and Independenl examination. The examination is on test basis, of the evidence relevant to the amount ol disclosures In the flnanclal statements. It includes an asse88m8nt of the slgnrflcanl estimates and judgements made by the committee of the members in Preparati of the f inancial statements and whether the accounting policies are appropriate to the charity's circumstance. consistently applied and adequately disclosed. We planned and performed examinatlon of the documents to obta5n all the infomiation and explanations wthich we considered necessary in order to provide us with sufficient evidence to give reasonabb assurance thal Ihe financial statements are free form material misstatements, thether caused by fraud or other irregularltles or error. In forming our opinlon, we also evaluated the overall adequacy of the presentation of the infomation in the statements. Oplnlon In our opinion the financi81 statements give a fair view of the state of the cttarrties affairs at 30th Aprll 2024 and of its surplus for the period ended and have properly prepared in accordance with regulations of Charities Act, Dats: 13t Juty 2024 TRACKRECORDS MANAGEMENT SERVICES LIMITED UNIT 7 COCHRAN CLOSE CROWNHILL MILTON KEYNES MK8 OAJ
CHRIST DIVINE LIGHT MINISTRIES FOR PERIOD 1st May 2023 to 30th Aprll 2024 Incom? & Expendlture 2023 Unrestrlcted Funds Unrestrictsd Fund¥ INCOME Total Donations 5,230,65 4,428.00 Total Income 6,230.65 4,428.00 EXPENDITURE Bank Charges Church Rent Church Supplies Charltable Donations General Expen8e8 Gift Pastors Donation Postage Refreshments Telephone Expenses Travel Expenses Professlona Fees Slationery Insurance DepCiall0n 0.74 1,188.03 487.59 645.00 94.44 50.80 440.00 16.0) 573.80 650.09 897.96 0,00 0.00 0.00 0.00 5,044.42 188.23 0.00 1,176,00 1,048.00 0.00 28.(KJ 0.00 0.00 0.00 848.00 429.00 535.00 224.00 8.00 96.00 0.00 4,392.00 30.00 NET PROFIT CONTINUIN PERATIONS: None of the Churches activrties were acquired or discontinued during the above financial period STAT NT LREC NISED AIN AND The were no recognised oains or losses in the above financlal perlod other than the resulls for the period and. accordingly no statement of lotal recognised gains and losses has béen prepared. l approve the above accounts and confirm that I have made available all necessary information for their preparation Joseph Asuo fD6(1 024
CHRIST DIVINE LIGHT MINISTRIES FOR PERIOD 1st May 2023 to 30th April 2024 ACCOUNTANTS REPORT We have pTrpad the above accounts wrthout carying out an audit and from infomiation frDm Christ 'Vine Light Ministries books and CordS and explanations suppplied to us. Trackrecords Management SerVIs Limited Unit 7 Cochran Close Cro)Nfthill Milton Keynes MK8 OAJ
CHRIST DIVINE LIGHT MINISTRIES BALANCE SHEET AS AT 30th Aprll 2024 2024 2023 Notes FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Current Account 919 919 733 733 CREDITORS Amounts falling due Nel Current Assetsl (Liabilities) Total Assets Less Current Li8biliti88 919 919 733 733 NET ASSEfs i (LIABILITIES) 919 733 CAPITAL & RESERVES Profil and loss account Profil and loss reserve 186 733 919 36 697 733 In approving these financial statements as the Trustee of the Ch8rhy, I hereby confimi that these accounts have been prepared in accordance with the provisions applicable to the Charities Act ¢• Rev Joseph As rustee 024
CHRIST DIVINE LIGHT MINISTRIES BALANCE SHEET AS AT 30th Aprll 2024 NOTES TO THE FINANCIAL STATEMENTS I. ACCOUNTING POLICIES a) Basis of accounting The financial statements have been prepared under the historical cost convention. b) Income Income represents varIS financial donations received to fund the operatDns of the urch c) Depieclation Depreciation is provided on tangible assets at fates cal¢)Jlated lo write off the cos1 of e8ch asset over its expected useful lrfe. The rates used on a reducing balance are as follows: Equipment, Flxtures & Fittings 250h 81r8ight line 2. INCOME The income and profit for the year is all attributed to the comp8nls principal actNity and all serlices have been provided to the United Kingdom market and some donations have been made to Ghana as aid. PENSIONS The Church does not operate a pension scheme. 3. OPERATING PROFIT The operating profit Is stated after charging.. 2024 Depreciation of tangible fixed assets Pastors remuneration included Pastors pension contributi5 4. TAX ON ORDINARY ACTIVITIES This represents corporation tax @fi based on profrt for the year on ordirk2ry activities
CHRIST DIVINE LIGHT MINISTRIES BALANCE SHEET AS AT 30th Aprll 2024 NOTES TO THE FINANCIAL STATEMENTS 6. TANG18LE FIXED ASSETS Cost 30th April 2024 Additions At 30th April 2024 Depreclatlon Charge for the year At 30th April 2024 Net Book Value 30th April 2024 8. Debtors Debtors Currenl Account Cash Funds 919.26 919.26 7. CREDITORS-Amounts falllng du•1•88 than 1 year Bank Loan >1 year Church Members Loan > 1 year
CHRIST DIVINE LIGHT MINISTRIES FOR PERIOD ENDING 30th Aprll 2024 Detslled Income & Expendlture Unrestrfcted Funds INCOME Donations Offering Tithes Total InGomfr 100.00 3.950.65 1,180.00 5,230.65 EXPENDITURE 88nk Charges Church Rent Churcll Supplies Charitable Donations General Expenses Gift Pastors Donation Postage Refreshmenls Telephone Expenses Travel Expenses Depreciation 0.74 1,188.00 487.59 645.00 94.44 50.80 440.00 16.00 573.80 650.09 897.96 0.00 5,044.42 NET PROFIT FOR YEAR 186.23
D8preciat'on ul Instruments Total Bfvd 0.00 0.00 0.00 0.00 0.00 0.00