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2024-03-31-accounts

REGAL DIADEM MINISTRIES

REPORT AND ACCOUNTS

YEAR ENDED

31 MARCH 2024

REGAL DIADEM MINISTRIES

REPORT AND ACCOUNTS 2024

CONTENTS
Page
Regal Diadem Ministries Information 3
Report of the Trustees 4-6
Receipts and Payments Accounts 7
Notes to the Accounts 8 
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REGAL DIADEM MINISTRIES

REPORT AND ACCOUNTS 2024

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:

www.rdmchurch.org

WEBSITE:

LOCATION:

WOLSELEY ROAD MITCHAM CR4 4JQ

CORRESPONDENT:

THE SECRETARY-GENERAL REGAL DIADEM MINISTRIES 60 WOLSELEY ROAD MITCHAM CR4 4JQ

NATIONAL WESTMINSTER BANK PLC

BANKS:

ACCOUNTANTS:

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REGAL DIADEM MINISTRIES

REPORT OF THE TRUSTEES

The trustees present their report for the period ended 31 March 2024.

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, who are appointed under the terms of the constitution, are responsible for overall management and for carrying out 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:

  3. (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;

  4. (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 

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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 the 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:

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 

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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:

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 2024 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 decrease in funds of £-3,318 (2023 £4,015.58). The surplus funds 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 30th April 2024:

Michael Mudiaga Obata (Chairperson)

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REGAL DIADEM MINISTRIES Receipts and Payments Accounts For the Period Ended 31 March 2024

Section A Receipts and Payments Section A Receipts and Payments Section A Receipts and Payments Section A Receipts and Payments
A1 Receipts Unrestricted funds
to the nearest £
3,095
6,058.35
3,875.00
1100.00
14,128.35
551.05
400.24
522.80
0
356.00
11.70
0
8700.00
468.59
149.99
1792.10
0
0
0
1879.14
280.00
15,111.61
2,335
0
0
0
2,334.99
17,446.60
-3,318.25
0
4015.58
697		 Restricted funds
to the nearest £		 Endowment funds
to the nearest £		 Total funds
to the nearest £
3,095
6,058
3,875
1,100
14,128
551
400
523
0
356
12
0
8,700
469
150
1,792
0
0
0
1,879
280
15,112
2,335
0
0
0
2,335
17,447
-3,318
0
4,016
697		 Last Year
to the nearest £
Tithes 3,095
Offerings 6,058.35
Seed/HelpOffering 3,875.00
ThanksgivingOffering 1100.00
Total receipts 14,128.35
A2 Payments
Office Supplies
Insurance fees
Digital Marketing
Bank Charges
Ministry materials
Ministry transportation
Phones
Rent/mortgage
World Missions
SP Expenses & maintenance
Administrative Expense
Youth Ministry
Subtotal Evangelism/outreach
Fellowship Meals
Ministry Expense
Kitchen Supplies
Subtotal
A3 Assets & Investments
Purchases, (See table)
Office Equipment 2,335
Music 0
Music Instruments 0
Keyboardist 0
Subtotal 2,334.99
Total Payments
Net Receipts/(payments) -3,318.25
A4 Transfer between funds 0
A5 Cash funds lastyear-end 4015.58
Cash funds this year-end 697
Section B Statement of assets and liabilities at the end of the period
B1 Cash funds Cash at Banks and Hand
Total cash funds		 Unrestricted funds to
nearest £
697		 Restricted funds
to the nearest £		 Endowment funds
the nearest £
697
697

The trustees declare that they have approved the accounts above. Signed on behalf of the charity’s trustees 30th April 2024:

Michael Mudiaga Obata (Chairperson)

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for the year ended 31 March 2024

REGAL DIADEM MINISTRIES Notes to the accounts

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

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