Company Registration No. 06804598
JESUS THE WAY, THE TRUTH AND THE LIFE MINITRIES LONDON (AKA) DIVINE CONNECTION CHURCH
Report and Accounts
31 December 2022
JESUS THE WAY, THE TRUTH AND THE LIFE MINITRIES LONDON
(AKA) DIVINE CONNECTION CHURCH
Report and accounts Contents
| Page | |
|---|---|
| Administrative information | 1 |
| Trustees' report | 2 - 3 |
| Independent Examiners' report | 4 |
| Statement of Financial Activities | 5 |
| Balance sheet | 6 |
| Notes to the Financial Statements | 7 - 9 |
| (inclusive of detailed Income & Expenditure) |
JESUS THE WAY, THE TRUTH AND THE LIFE MINITRIES LONDON (AKA) DIVINE CONNECTION CHURCH
Directors SAMSON ABIOYE ANUOLUWA IYANDA OLAWALE IYANDA TITILAYO SHOROYE MODUPE SONOWO SAMUEL BAKARE OLUBUKOLA IYANDA ADEDAYO OLUBI-NEYE
Secretary KIKELOMO ABIOYE
Independent Examiner
DELANI AWE & CO CHARTERED CERTIFIED ACCOIUNTANTS 14 BRIGHT ROAD CHATHAM KENT ME4 5HH
Registered office
27 Lloyd Drive Kemsley, Sittingbourne Kent, ME10 2GA
Correspondence Address 83 The Dell Peterborough PE2 9QE
Company Registered number 08827448
Charity Registered number 1175532
1
JESUS THE WAY, THE TRUTH AND THE LIFE MINITRIES LONDON (AKA) DIVINE CONNECTION CHURCH
INDEPENDENT EXEMINERS' REPORT TO THE
TRUSTEES OF JESUS THE WAY, THE TRUTH AND LIFE MINITRIES LONDON ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
We report on the accounts for the year ended 31 December 2022, which are set out on pages 7 to 9.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider (under section 43(2)of the Charities Act 1993 that an audit is not required for this year and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts (under section 43(3)(a) of the 1993 Act);
-
to follow the procedures laid down in the General Directions given by the Charity
-
Commissioners (under section 43(7)(b) of the 1993 Act); and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 41 of the 1993 Act; and
-
to prepare accounts which accord with the accounting records and comply with
-
the accounting requirements of the 1993 Act have not been met; or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
DELANI AWE & CO Chartered Certified Accountants 14 BRIGHT ROAD CHATHAM
2
JESUS THE WAY, THE TRUTH AND THE LIFE MINITRIES LONDON
CONNECTCONNECTION CHURCH
Profit and Loss Account
for the year ended 31 December 2022
| Notes Turnover Administrative expenses Operating profit 2 Profit on ordinary activities before taxation Tax on profit on ordinary activities Profit for the financial year |
2022 £ 35,211 (15,927) 19,284 19,284 - 19,284 |
2021 £ 27,686 (8,970) |
|---|---|---|
| 18,716 | ||
| 18,716 - |
||
| 18,716 |
3
JESUS THE WAY, THE TRUTH AND THE LIFE MINITRIES LONDON
(AKA) DIVINE CONNECTION CHURCH
Statement of Financial Activities
for the year ended 31 December 2022
| Income Resources Tithes, offerings and thanksgiving Total Income Resources Resources Expended Support costs of activities in furtherance of the charity's objects Management & Administration of Charity Total Income Expended Net incoming/(outgoing) resources Net Movements in Funds Fund balances b/fwd Funds balances c/fwd |
Notes 6.1 6.2 6.3 |
Unrestricted £ 35,211 35,211 9,834 6,093 15,927 19,284 19,284 52,931 72,215 |
Restricted £ 0 - - - - - - |
2022 2021 Total Total Fund Fund £ £ 35,211 27,686 |
|---|---|---|---|---|
| 35,211 27,686 |
||||
| 9,834 5,517 6,093 3,453 |
||||
| 15,927 8,970 |
||||
| 19,284 18,716 |
||||
| 19,284 18,716 52,931 34,215 |
||||
| 72,215 52,931 |
4
JESUS THE WAY, THE TRUTH AND THE LIFE MINITRIES LONDON
KA) DIVINE CONNECTION CHURCH
Balance Sheet as at 31 December 2022
| Notes Fixed assets Tangible assets 2 Current assets Debtors - Cash at bank and in hand 72,641 72,641 Creditors: amounts falling due within one year 4 800 Net current assets Net assets Unrestricted Funds Restricted Funds 5 Unrestricted Funds 5 Restricted and Unrestricted Funds c/fwd. |
- 72,641 |
2022 £ 374 71,841 72,215 - 72,215 72,215 |
£ - 53,269 |
2021 £ 62 52,869 |
|---|---|---|---|---|
| 72,641 800 |
53,269 400 |
|||
| 52,931 | ||||
| 52,931 | ||||
| 52,931 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
The Report and Accounts were approved by the Directors on ………………..
Samsonabioye SAMSON ABIOYE DIRECTOR
Kikelomoabioye KIKELOMO ABIOYE SECRETARY
5
JESUS THE WAY, THE TRUTH AND THE LIFE MINITRIES LONDON (AKA) DIVINE CONNECTION CHURCH
Notes to the Accounts for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Incoming Resources
Income is mainly from grants and bank interest received are included in the financial statements when received.
Resources Expended
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.
Taxation
As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in the cost of those items to which it relates.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets on the redusing balance of each asset.
Musical equipment 20%
- 2 Tangible fixed assets
| Motor vehicle Cost £ At 1 January 2022 0 Additions At 31 December 2022 0 Depreciation At 1 January 2022 0 Charge for the year 0 At 31 December 2022 0 Net book value At 31 December 2022 0 At 31 December 2010 0 4 Creditors: amounts falling due within one year Other creditors 5 Funds Unrestricted £ At 1 January 2022 52,931 Net Movements in Funds 19,284 At 31 December 2022 72,215 |
Musical Instrument £ 828 0 828 767 50 817 11 61 Restricted £ - |
Furniture & fittings £ 217 452 669 216 90 306 363 1 £ 800 800 2022 £ 52,931 19,284 72,215 |
Total £ 1,045 452 |
|---|---|---|---|
| 1,497 | |||
| 983 140 |
|||
| 1,123 | |||
| 374 | |||
| 62 | |||
| £ 400 |
|||
| 400 | |||
| 2021 £ 34,215 18,716 |
|||
| 52,931 |
6
JESUS THE WAY, THE TRUTH AND THE LIFE MINITRIES LONDON
(AKA) DIVINE CONNECTION CHURCH
Notes to the accounts (continued)
6 Detailed Income and Expenditure Account For the year ended 31 December 2020
| 6 INCOMING RESOURCES Tithes, offering and thanksgiving Total Incoming Resources OUTGOING RESOURCES 6 Support costs of activities in furtherance of the Charity's objects: Pastoral salary & honorarium Charity & Donations Outreach Seminars, welfare and training Equipment hire Mission 6 Management and Administration of Charity: Rent of Church hall Light & heat Telephone Bank charges Accountancy fees Repairs & maintenance Advertising & publicity Depreciation charge Professional and other legal fees |
2022 2021 Unrestricted Restricted Total fund Total fund £ £ £ £ 35,211 35,211 27,686 |
|---|---|
| 35,211 - 35,211 27,686 |
|
| 1,650 1,650 1,500 5,450 5,450 550 550 1,088 - - 285 - - 521 1,984 1,984 2,123 |
|
| 9,834 - 9,834 5,517 |
|
| 5,225 5,225 2,410 75 75 0 173 173 80 80 - 400 400 400 - 0 - - 0 593 140 140 50 |
|
| 6,093 - 6,093 3,453 |
7
JESUS THE WAY, THE TRUTH AND THE LIFE MINITRIES LONDON
(AKA) DIVINE CONNECTION CHURCH
Profit and Loss Account
for the year ended 31 December 2022
for the information of the directors only
| Sales Administrative expenses Operating profit Profit before tax |
2022 2021 £ £ 35,211 27,686 (15,927) (8,970) 19,284 18,716 19,284 18,716 |
|---|---|
8
JESUS THE WAY, THE TRUTH AND THE LIFE MINITRIES LONDON
(AKA) DIVINE CONNECTION CHURCH
Schedule to the Profit and Loss Account for the year ended 31 December 2022
for the information of the directors only
| Schedule to the Profit and Loss Account for the year ended 31 December 2022 for the information of the directors only |
||
|---|---|---|
| Sales Tithes, offerings & thanksgiving Administrative expenses Honorarium Seminnar, training and welfare Premises costs: Rent General administrative expenses: Missionary Outreach/Evangelism Depreciation Legal and professional costs: Accountancy fees Advertising and PR |
2022 £ 35,211 1,650 - 1,650 5,225 5,300 1,984 550 140 8,577 400 - 400 15,927 |
2021 £ 27,686 |
| 1,500 285 |
||
| 1,785 | ||
| 2,410 | ||
| 2,410 | ||
| 2,123 1,088 50 |
||
| 3,782 | ||
| 400 593 |
||
| 993 | ||
| 8,970 |
9