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