Registered charity number :1201604
THE ROOT OF DAVID FELLOWSHIP
Financial Statements for the Year Ended 30 October 2024
THE ROOT OF DAVID FELLOWSHIP
Reports of the Trustees for the year ended 30 October 2024
Administrative Information:
The Root Of Davaid Fellowship involves in deepening faith through worship, prayer, and Bible study, while actively spreading God's love.
We provide help and support for the homeless, offer pastoral care within the community, and engage in public evangelism and missionary activities to broaden our impact and outreach.
Address
Unit 30, Lister Hill Science Park Bradford United Kingdom BD7 1HR
Board of Trustees
Jean Omodiale-Samuel Dr Ikpe Ibanya Chinyere Agu
Pastor-in-Charge
Tim Obeta
Banker
Lloyds Bank 11 Tyersal Bradford West Yorkshire BD4 8AX
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THE ROOT OF DAVID FELLOWSHIP
Accounting Policies
a) Basis of accounting
The financial statements are prepared in accordance with the Charities Statement of Recommended Practice (SORP). The statement of financial activities (SOFA) is presented in columns for general fund and endowment capital, showing the net incoming resources, resources expended, and all other recognised gains and losses in the appropriate column.
The financial statements are also prepared in accordance with the historical cost convention. They comply with all applicable United Kingdom law and accounting standards.
b) Incoming resources
Donations, contributions and legacies are accounted for when entitlement has been comfirmed, the amount can be measured accurately and receipt is certain.
c) Resources expended
All resources expended are accounted for on an accrual basis. Any ensuing liabilities are recognised as soon as constructive obligation arises.
d) Funds
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity.
Restricted funds are funds which are to be used in accordance with specific instructions imposed by donors or which have been raised by the trustees’ particular purpose. The cost of raising and administering such funds are charged against specific fund.
e) Depreciation
Depreciation on fixed assets is charged so as to write off their full costs less estimated residual value over their expected useful lives at the following rates:
Computer and other equipment Furniture & fittings Motor vehicle
25% straight line 25% straight line 25% straight line
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THE ROOT OF DAVID FELLOWSHIP
Statements of Financial Activities for the year ended 30 October 2024
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| Fund | Fund | 2024 | 2023 | |||
| Incoming resources | Notes | £ | £ | |||
| Voluntary incomes | 39 635 | 0 | 39 635 | 9 540 | ||
| Grant income | - | 0 | - | - | ||
| Total incoming resources | 39 635 | 0 | 39 635 | 9 540 | ||
| Resources expended | ||||||
| Church activities | 47 279 | 0 | 47 279 | 7 343 | ||
| Grant related expenses | 0 | 0 | 0 | - | ||
| Total resources expended | 47 279 | 0 | 47 279 | 7 343 | ||
| Net (Outgoing)/incoming resources | ||||||
| before transfers | -7 644 | 0 | -7 644 | 2 197 | ||
| Gross transfers between funds | 0 | 0 | 0 | - | ||
| Net (Outgoing)/incoming resources after | transfers | |||||
| and before other recognised gain/loss | -7 644 | 0 | -7 644 | 2 197 | ||
| Gain/(loss) on revaluation and disposal of | ||||||
| investment assets | 0 | 0 | 0 | - | ||
| Net movement in funds | -7 644 | 0 | -7 644 | 2 197 | ||
| Total funds at 1 November 2023 | 2 197 | 0 | 0 | - | ||
| Total funds c/f at 30 October 2024 | -5 446 | 0 | -7 644 | 2 197 |
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THE ROOT OF DAVID FELLOWSHIP
Balance sheet at 30 October 2024
| Notes 2024 £ Fixed assets Tangible assets 2 7 149 Current assets Cash at bank and in hand 856 856 Creditors: amounts falling due within one year 3 -13 451 Net current assets -12 595 Total assets less current liabilities -5 446 Funds of the Charity Unrestricted fund -5 446 Restricted fund 0 Total Funds carried forward -5 446 |
2023 £ 1 062 |
|---|---|
| 6 222 | |
| 6 222 | |
| -5 087 1 135 |
|
| 2 197 | |
| 2 197 0 |
|
| 2 197 |
Approved by the Board of Trustees on 30 August, 2025 and signed on their behalf by
Jean Omodiale-Samuel Chair, Board of Trustees
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THE ROOT OF DAVID FELLOWSHIP
Notes to the Financial Statements for the year ended 30 October 2024
| 1. Incoming resources Tithes & offerings Donation Seeds |
Unrestricted Restricted Total Fund Fund 2024 2023 £ £ 31 882 39 0 00 ######### 6 264 24 5 843 00 0 00 ######### 2 764 93 1 909 50 0 00 ######### 511 00 |
|---|---|
| 39 634 89 0 00 ######### 9 540 17 |
2. Resources expended
| Rent Utilities Repair & Maintenance Depreciation Accountancy service Publicity and evangelism Welfare |
2 000 00 0 00 ######### 1 500 00 913 64 0 00 913 64 844 00 400 00 1 00 401 00 0 00 3 574 50 0 00 ######### 3 574 50 450 00 0 00 450 00 450 00 972 40 0 00 972 40 500 00 38 968 29 0 00 ######### 474 19 |
|---|---|
| 47 278 83 1 00 ######### 7 342 69 |
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THE ROOT OF DAVID FELLOWSHIP
Notes to the Financial Statements for the year ended 30 October 2024
| 1. Net incoming/(Outgoing) resources This is stated after charging: Depreciation Minister’s allowance Accountancy service 2. Tangible fixed assets Cost: As at November 2023 Addition Disposal At 31 October 2024 Depreciation: As at November 2023 Addition Disposal At 31 October 2024 Net book value: As at November 2023 At 31 October 2024 3. Creditors and Accruals Professional services Creditors and accruals |
2024 2023 £ £ 0 0 0 0 450 0 Computer and other Total £ £ 0 0 14 298 14 298 0 0 14 298 14 298 3 575 3 575 3 575 3 575 0 0 7 149 7 149 0 7 149 £ £ 450 - 13 001 - 13 451 - |
|---|---|
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THE ROOT OF DAVID FELLOWSHIP
Independent Examiner's Report to the trustees of The Root of David Fellowship
I report on the accounts for the year 30 October, 2024 which are set out on pages 5 to 8.
Respective responsibilities of trustees and examiner
The Church's trustees are responsibilities for the preparation of the accounts. The church'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 and independent examination is needed. It is my responsibility to:
examine the accounts (under section 145 of the CharitiesAct), to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 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 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 include consideration of any unusual items or disclosures in the accounts, and seeking explanations from trustees concerning any such matters. The procedures undertaken do not provide all the evidence that be required in an audit, and consequently no opinion is given as to whether the accounts presents a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner’s statement
In the course of my examination, no matter has come to my attention:
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which give me reasonable cause to believe that in, any material respect, the requirements
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a. to keep accounting records in accordance with section 130 of the Charities Act; and
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b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act; have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Matthew Odu Practical Advice Consulting Limited 1000 Great West Road, Brentford London. TW8 9DW
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