JESUS THE WAY, THE TRUTH AND THE LIFE MINISTRIES, LONDON (AKA DIVINE CONNECTION CHURCH)
JESUS THE WAY, THE TRUTH AND THE LIFE MINISTRIES, LONDON (AKA DIVINE CONNECTION CHURCH)
TRUSTEE’S ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024
1
JESUS THE WAY, THE TRUTH AND THE LIFE MINISTRIES, LONDON (AKA DIVINE CONNECTION CHURCH)
| Page | |
|---|---|
| Corporate Information | 3 |
| Board of Trustee’s Report | 4 |
| Independent Examiner’s Report | 8 |
| Statement of Financial Activities | 9 |
| Statement of Financial Position | 10 |
| Accounting Policies | 11 |
| Notes | 12 |
2
Corporate Information
| Registered Charity Number: | 1175532 |
|---|---|
| Companies House No: | 08827448 |
| Correspondence Address: | 27 Lloyd Drive |
| Kemsley, Sittingbourne, Kent | |
| ME10 2GA | |
| Board of Trustees: | Olawale Stephen Iyanda |
| Olubukola Iyanda | |
| Modupe Sonowo | |
| Olufunmilayo Adedayo Olubi-Neye | |
| Titilayo Bunkunola Ayopo | |
| Samson Oluwasina Abioye | |
| Anuoluwa Olawaleiyanda | |
| Samuel Oladele Bakare | |
| Bankers: | HSBC UK |
3
Board of Trustee’s Report
1.0 Introduction
The Board of Trustees present their report and accounts for the year ended 31st December 2024. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005.
1.1 Public Benefit Statement
The Trustees confirm that they have complied with the duty in section 4 of the Charites Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charites and Public Benefit".
1.2 Structure, Governance and Management
1.2.1 Governing Document
The charity is constituted as a Charitable Company and governed by Memorandum and Articles dated 02 September 2016.
1.2.2 Trustee Appointments
Trustees are appointed under the terms of the memorandum and articles.
1.2.3 Induction and Training Policies
The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Parish pastor on the powers and responsibilities of the Trustees.
1.2.4 Organisational Structure and Decision Making
The charity is organised so that the Trustees meet regularly to manage its affairs. The Location Pastor manages the day-to-day administration of the church.
1.2.5 Related Party Relationships
In pursuit of its charitable objectives, the charity maintains relationships with other charities who the same Statement of Faith.
1.2.6 Risk Management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity and are satisfied the systems are in place to mitigate our exposures to the major risks.
4
Board of Trustee’s Report
2.0 Objectives and Global Outreach
2.1 Objectives and Activities
The principal object is the advancement of Christian faith worldwide and the relief of poverty. To advance the Christian religion in London and the surrounding areas for the benefit of the public, in particular but not exclusively, through the holding of prayer meetings, lectures, producing and/or distributing literature on Christianity to enlighten others about the Christian religion. To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. For the purpose of this clause ‘socially excluded’ means being excluded from society, or part of society, as a result of being a member of a socially and economically deprived community.
2.2 Public Benefits
Apart from its Church activities, the charity is involved in the following public benefit efforts:
-
Training to reign – bible study, Sunday school, Believers' class and organising an annual convention [Colossians 2: 6-7].
-
Prayer sessions- Prayer meetings, night vigils, and fasting and prayer programmes.
-
Units in church; Ushering, Love in action, Visitation, Witnessing, Follow up, Praise & worship, Protocol, Teaching and Victory School, Intercessors, Children department, Media, e.t.c.
-
Evangelism- reaching out to men by street preaching and tracts distribution.
2.3 Grant Making Policies
The church supports visiting ministers of the gospel both within and outside the United Kingdom. The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.
2.4 Contributions Made by Volunteers
The church is grateful for the unstinting efforts of its volunteers who are involved in providing services for the charity. It is estimated that over 5000 hours are provided by volunteers during the year. If this is conservatively valued at £11.44 per hour, the volunteer’s effort will amount to over £57,200.
2.5 Achievement and Performance
The church continues to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust deed.
5
Board of Trustee’s Report
3.0 Financial Reviews
During the period, the charity received £28,611 in voluntary income. Total resources expended was £24,498 thus resulting in a surplus of £4,562. Cash at the end of the period was £77,489.
3.1 Principal Funding Sources
Funding has been provided mainly through tithes and offerings by church members. Pledges are also taken for specific projects. In the year funds were raised towards the church building project.
3.2 Reserves Policy
The Trustees’ policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended. They feel that this would enable the current activities to continue if there is a significant drop in funding. It would obviously be necessary to then consider how the funding would be replaced or activities changed. The present free reserve is below the policy range, but the Trustees are continuing to seek additional unrestricted funds.
3.3 Investment Policy
The Trustees have decided that at present, funds should be retained in Banks and Building Societies, and as far as possible in interest bearing accounts.
4.0 Future Development
In order to help carry out its various activities and achieve its objectives, the charity is planning to acquire a property that will serve dual purposes as a licenced place of worship and a community centre. As a place of worship, it will offer Christian worship in a more convenient environments and as a community centre will allow the charity to run its programmes and will also be opened to community use at a reasonable fee for residents.
We currently run a Youth development programme for young people but are limited in the numbers we could accommodate due to availability of space. We believe having our own space will enable us to cater for more young people in the community. We intend to engage them and model them to be better leader in our community and nation.
Our charity continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make life-changing impact in society.
6
Board of Trustee’s Report
Trustees’ Responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the net income or expenditure of the charity for the year. In preparing these financial statements the trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Make judgments and estimates that are reasonable and prudent;
-
State whether applicable accounting standards have been followed, subject to any material
-
departures disclosed and explained in the financial statements; and
-
Prepare the financial statements on the going-concern basis unless it is inappropriate to
-
presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. 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.
The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.
This report was approved by the Board of Trustees on 18 April 2025 and signed on their behalf by:
Full Name: Samson Abioye
Signature: Position: Chairman Date: 18 April 2025
7
Independent Examiner’s Report
Report to the trustees/members of: Jesus The Way, The Truth and The Life Ministries, London (AKA
Divine Connection Church) On accounts for the year ended: 31st December 2024 Charity No: 1175532
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 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
-
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:
-
(1) which give me reasonable cause to believe that in, any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act;
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities 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.
Signed: Date: 18 April 2025
Name: Tobi Labeodan FCCA, for and on behalf of Chedders Ltd
Relevant professional qualification(s) or body (if any): ACCA
Address: Ground Floor, Synium House, r/o 94-96 High Street, Henley in Arden B95 5FY
8
Statement of Financial Activities: Year Ended 31st December 2024
| Notes Income: Donations and legacies 1 Other income (Grants) 1 Total Income Total Income Expenditures on: Charitable Activities 2 Other Charitable Activities 2 Other Costs 2 Total Expenditures Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains/(losses) on revaluation of fixed assets Gains/(losses) on investment assets Net movement in funds Reconciliation of funds: Total funds brought forward at 1 January 2024 Total funds carried forward at 31 December 2024 |
2024 2024 2024 Unrestricted Funds Restricted Funds Total Funds £ £ £ 28,611 28,611 - - - 28,611 - 28,611 28,611 - 28,611 18,781 - 18,781 5,118 - 5,118 600 - 600 24,498 - 24,498 4,112 - 4,112 - - 4,112 - 4,112 79,460 - 79,460 83,572 - 83,572 |
2023 2023 2023 |
|---|---|---|
| Unrestricted Funds Restricted Funds Total Funds |
||
| £ £ £ |
||
| 30,882 - 30,882 |
||
| - - - |
||
| 30,882 - 30,882 |
||
| 30,882 - 30,882 |
||
| 21,419 - 21,419 |
||
| 4,950 - 4,950 |
||
| 650 - 650 |
||
| 27,019 - 27,019 |
||
| 3,863 - 3,863 |
||
| - | ||
| - | ||
| 3,863 - 3,863 |
||
| 75,597 - 75,597 |
||
| 79,460 - 79,460 |
9
Statement of Financial Position: Year Ended 31st December 2024
| Notes Fixed Asset Tangible assets 3 Total Fixed Asset Current Assets Loans & Advances Accrued Income Cash at bank and in hand Other Debtors Total Current Assets Creditors: amounts falling due within one year Other Creditors Other Current Liabilities Total Creditors: amounts falling due within one year Net current assets (liabilities) Total assets less current liabilities Creditors: amounts falling due after more than one year Other Non-Current Liabilities Total Creditors: amounts falling due after more than one year Total net assets (liabilities) The funds of the charity: Designated Reserve General reserves Surplus/(Deficit) for the year Total charity funds |
2024 £ 183 183 7,000 77,489 - 84,489 1,100 1,100 83,389 83,572 - - 83,572 - 79,460 4,112 83,572 |
2023 |
|---|---|---|
| £ | ||
| 273 | ||
| 273 | ||
| 6,300 | ||
| - | ||
| 73,537 | ||
| - | ||
| 79,837 | ||
| 650 | ||
| 650 | ||
| 79,187 | ||
| 79,460 | ||
| - | ||
| 79,460 | ||
| 75,597 | ||
| 3,863 | ||
| 79,460 |
10
Accounting Policies
Scope and Basis of the Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice Accounting and Reporting by Charities published in March 2005.
Income
Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.
Expenses
Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Fixed assets
Fixed assets with an individual purchase of £300 or more are capitalised and stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:
Vehicles 25% Equipment 20%
11
Notes
| 1. Income Income Donations and legacies Restricted Income Total donations & legacies Other income Gift Aid Receipts Other income Total other income Total Income 2. Expenditures Charitable Activities Premises Utilities Travel Motoring & Transportation Advertising Administration Professional fees and services Operations Finance Charges Depreciation Honorarium Total Charitable Activities Other Charitable Activities Outreach Central Office Welfare & Benevolence Charitable Donations Total Other Charitable Activities Other Costs Other costs Legal fees Accountancy fees Total Other Costs |
2024 £ 28,611 - 28,611 - |
|
|---|---|---|
| 2023 | ||
| £ | ||
| 30,882 | ||
| - | ||
| 30,882 | ||
| - | ||
| 28,611 2024 £ 6,085 2,376 910 269 3,500 1,967 83 90 3,500 18,781 3,700 1,418 - |
||
| 30,882 | ||
| 2023 | ||
| £ | ||
| 7,920 | ||
| 2,105 | ||
| 1,029 | ||
| 3,220 | ||
| 4,104 | ||
| 90 | ||
| 101 | ||
| 2,850 | ||
| 21,419 | ||
| 900 | ||
| 3,550 | ||
| 500 | ||
| 5,118 600 600 |
4,950 | |
| 650 | ||
| 650 |
12
Notes
3. Tangible Assets
| Cost At 1 January 2024 Additions Disposals Revaluations At 31 December 2024 Depreciation At 1 January 2024 Charge for the year Adjustments At 31 December 2024 Net Book Value At 1 January 2024 At 31 December 2024 |
Property £ - - - - - - - |
Vehicles - - - - - - - |
Equipment £ 828 - - - |
Fixtures & Fittings £ 669 669 396 90 - 486 273 183 |
Total £ 1,497 - - - |
|---|---|---|---|---|---|
| 828 | 1,497 | ||||
| 828 - - 828 - - |
1,224 90 - |
||||
| 1,314 | |||||
| 273 | |||||
| 183 |
13