## **REGAL DIADEM MINISTRIES** ## **REPORT AND ACCOUNTS** **YEAR ENDED** **31 MARCH 2023** ## **REGAL DIADEM MINISTRIES** ## **REPORT AND ACCOUNTS 2023** |**CONTENTS**|| |---|---| ||**Page**| |Regal Diadem Ministries Information|3| |Report of the Trustees|4-6| |Receipts and Payments Accounts|7| |Notes to the Accounts|8| ``` 2 ``` ## **REGAL DIADEM MINISTRIES** ## **REPORT AND ACCOUNTS 2023** ## **REGAL DIADEM MINISTRIES’S INFORMATION** ## **NAME:** REGAL DIADEM MINISTRIES ## **REGISTERED CIO NO:** 1178754 ## **TRUSTEES:** MICHAEL MUDIAGA OBATA SUSAN JIYOVWI OBATA EVELYN BRAITHWAITE CHAIRPERSON SECRETARY TREASURER pastor@rdmchurch.org ## **EMAIL:** ## **WEBSITE:** ## **LOCATION:** www.rdmchurch.org 60 WOLSELEY ROAD MITCHAM CR4 4JQ ## **CORRESPONDENT:** THE SECRETARY-GENERAL REGAL DIADEM MINISTRIES 60 WOLSELEY ROAD MITCHAM CR4 4JQ NATIONAL WESTMINSTER BANK PLC ## **BANKS:** ## **ACCOUNTANTS:** ``` 3 ``` ## **REGAL DIADEM MINISTRIES** ## **REPORT OF THE TRUSTEES** The trustees present their report for the period ended 31 March 2023. ## **Governing document** Regal Diadem Ministries was registered as a Charitable Incorporated Organization (CIO) on 13 June 2018. The charity is operated under the rules of its Constitution dated 13 June 2018 as a Charitable Incorporated Organization (CIO), (‘Foundation’ model constitution), whose only voting members are its charity trustees. The charity's trustees, appointed under the terms of the constitution, are responsible for overall management and day-to-day project activities. If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. ## **Aims and objectives** The Regal Diadem Ministries CIO aims to promote any charitable purpose for the benefit of the public in two main ways: 1. To advance the Christian faith in such parts of the United Kingdom for the benefit of the public, particularly but not exclusively, through the provision of a church. 2. The promotion of religious harmony for the benefit of the public by: - (a) educating the public about different religious beliefs including an awareness of their distinctive features and their common ground to promote good relations between persons of different faiths; - (b) promoting knowledge, mutual understanding and respect of the belief and practices of different religious faiths. ## **Public Benefit Statement** The trustees confirmed that they have complied with their duty to have due regard to the guidance on public benefit published by the commission in exercising their powers or duties, in carrying out the following activities for the benefit of the public. ## **Activities** The tenets of faith which the organization advances are Christianity and charity in addition to other activities providing traditional activities such as the provision of regular public worship, teaching, evangelism and pastoral work. The advancement of the Christian faith according to the Bible guiding principles that adhered to the public benefit e.g. by: • the provision of regular worship services; • the provision of public ``` 4 ``` ceremonies; • contributing to followers’ or adherents’ good mental and physical health; • aiding the prevention of ill health, speeding recovery and fostering composure in the face of ill health; • providing comfort to the bereaved; • healthcare and social care. ## **Summary of the main achievements during the period** During the year, demands for our services continued to grow in developing Christian moral and ethical framework of wish the organisation promote, educate and advance its teaching, by: • contributing to the spiritual and moral education of children; • contributing towards a better society for example by promoting social cohesion and social capital; • carrying out, as a practical expression of religious beliefs, other activities (such as advancing education or conflict resolution, or relieving poverty). ## **Future Plan** We will continue to build on its progress to date, in advancing Christianity religion mainly through ‘regular public worship and education’ through raising awareness and understanding of religious beliefs and practices; carrying out religious devotional acts; and carrying out missionary and outreach work. We also encourage and facilitate Christian religious practice for existing followers and adherents by conducting religious ceremonies such as the celebration of marriages or funerals and raising awareness of religious beliefs and practices by educating people about the religion, carrying out pastoral care, outreach and Missionary, and evangelical work. ## **The Charity’s Policy on Reserves** The trustee's aim is to maintain a level of unrestricted reserves that will be sufficient to sustain the charitable expenditure for at least twelve months. In addition to the funds designated to meet our short-term objectives, our long-term objectives are to use its reserve funds to acquire its own place of worship and a community center at any time in future. ## **Risk Management** Our trustees have considered the major risks to which charity is exposed and have reviewed those risks and established systems and procedures to manage those risks. The trustees annually review the risks that the charity faces. To date, these have mainly related to: - Achievement of our aims and objectives; and - Meeting the expectations of our beneficiaries and supporters. The trustees review these risks on an ongoing basis and satisfy themselves that adequate systems and procedures are in place to manage the risks identified ``` 5 ``` ## **Responsibilities of the Trustees** The Trustees are responsible for preparing financial statements for each financial year that give a true and fair view of the state of affairs of Regal Diadem Ministries as at the balance sheet date, and of its incoming resources and application of resources for the year then ended. In preparing those financial statements, the Trustees are required to: - select suitable accounting policies and apply them consistently; - Make judgements and estimates that are reasonable and prudent; - State whether applicable accounting standards and methods have been - followed, subject to any material departures being disclosed and explained in the financial statements; and - Prepare the financial statements on a going concern basis, unless it is - inappropriate to assume that Regal Diadem Ministries will continue in operation. The Trustees are also responsible for keeping proper accounting records that disclose with reasonable accuracy the financial position of Regal Diadem Ministries and enable them to ensure that the financial statements comply with applicable legal requirements. In addition, the Trustees are responsible for establishing and maintaining a satisfactory system of internal control over the charity’s books of account, cash holdings, receipts, and remittances. This includes safeguarding the assets of the charity and taking reasonable steps to prevent and detect fraud and other irregularities. ## **Trustees Beneficial Interest** The Trustees have no beneficial interest in the Regal Diadem Ministries and are not remunerated. The Trustees on the date this report was approved were as stated on the information page above. ## **Financial Statements** The financial statements for the year ended 31 March 2023 are presented as ”Receipts and Payments Accounts’ by section 133 of the Charities Act 2011 (‘the Charities Act’). The overall financial performance recorded a net increase in funds of £2,684.86 (2022 £1,330.72). The surplus funds if any, are transferred into the reserve to pay for Regal Diadem Ministries' future commitments. The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees on 28th April 2023: ## **Michael Mudiaga Obata (Chairperson)** 6 **REGAL DIADEM MINISTRIES Receipts and Payments Accounts For the Period Ended 31 March 2023** ||||||**Section A Receipts**|**Section A Receipts**|**and Payments**|**and Payments**|||| |---|---|---|---|---|---|---|---|---|---|---|---| ||**A1 Receipts**||||**Unrestricted funds**
**to the nearest £**
5,751.00
3,897.35
480.00
200.00
45.00
**10,373.35**
415.43
-
6,005.00
-
91.15
-
-
557.58
45.00
100.00
95.19
-
-
-
-
193.19
7,502.54
0
0
185.95
0
185.95
**7,688.49**
**2,684.86**
0
1,330.72
4,015.58|**Restricted funds**
**to the nearest £**|**Endowment funds**
**to the nearest £**||**Total funds**
**to the nearest £**
5,751
3,897
480
200
45
**10,373**
415
0
6,005
0
91
0
0
558
45
100
95
0
0
0
0
193
7,503
0
0
186
0
186
**7,688**
**2,685**
0
1,331
4,016||**Last Year**
**to the nearest £**| ||Tithes||||5,751.00||||||| ||Offerings||||3,897.35||||||| ||Seed/HelpOffering||||480.00||||||| ||ThanksgivingOffering||||200.00||||||| ||Refund||||45.00||||||| |||||**_Total receipts_**|**10,373.35**||||||| ||**A2 Payments**
Insurance fees
Electricity
Rent/mortgage
Pastors Hospitality
Kitchen Supplies
SP Expenses & maintenance
Administrative Expense
Ministry materials
Office Supplies
Ministry transportation
Ministry Expense
Digital Marketing
Phones
Youth Ministry
Subtotal Evangelism/outreach
Fellowship Meals
**_Subtotal_**
**A3 Assets & Investments**
**Purchases, (See table)**||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||||||||||||| ||Office Equipment||||0||||||| ||Music||||0||||||| ||Music Instruments||||185.95||||||| ||Keyboardist||||0||||||| ||||**_Subtotal_**||185.95||||||| ||||**_Total Payments_**||||||||| ||||||||||||| ||||||||||||| |||**_Net Receipts/(payments)_**|||**2,684.86**||||||| ||A4 Transfer between funds||||0||||||| ||A5 Cash funds lastyear-end||||1,330.72||||||| ||Cash funds this year-end||||4,015.58||||||| ||||||||||||| ||**Section B Statement of assets and liabilities at the end of t**||||||||**he period**||| ||**B1 Cash funds**||||**Cash at Bank and Hand**
**_Total cash funds_**||**Unrestricted funds to**
**nearest £**
**4,016**||**Restricted funds**
**to the nearest £**||**Endowment funds**
**the nearest £**| ||||||||**4,016**||||| ||||||||||||| ||||||||**4,016**||||| The trustees declare that they have approved the accounts above. Signed on behalf of the charity’s trustees 28th April 2023: ## **Michael Mudiaga Obata (Chairperson)** 7 **REGAL DIADEM MINISTRIES** Notes to the accounts for the year ended 31 March 2023 ## **1. Accounting Policies** The Receipts and Payments accounts of Regal Diadem Ministries have been prepared in accordance with the Charitable Incorporated Organizations (General) Regulations 2012 as follows by way of note: a) The CIO does not give any guarantee and as such there are no any potential liabilities under any guarantee outstanding at the date of the statement of assets and liabilities; and b) No debts are outstanding at the date of the statement of assets and liabilities owed by the CIO and secured by an express charge on any of the CIO's assets. ## **2. Taxation** Regal Diadem Ministries is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes. ## **3. Trustees’ remuneration, benefits and expenses** Trustees received no expenses or remuneration. ## **4. Related party transactions** No related party transactions 8