Charity Number 1203778
Christ Covenant Deliverance Ministries UK
Trustees' Report and Financial Statements For the period ended 31 March 2024
JAT & CO
Chartered Certified Accountants 256 Bermondsey Street London SE1 3UJ
Christ Covenant Deliverance Ministries UK
Contents
| Page | |
|---|---|
| Charity Information | 3 |
| Report of the trustees | 4-5 |
| Report of the Accountants | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Note to the Financial Activities | 9-11 |
Christ Covenant Deliverance Ministries UK
Charity Information for the period ended 31 March 2024
| Trustees | Dorothy Oluwatade Ilori-Adelakun |
|---|---|
| Funmilola Bamisile-Lawal | |
| Adeola Oliyide | |
| Esther Oluwayemisi Odejide | |
| Accountants | JAT & Co |
| Chartered Certified Accountants | |
| 256 Bermondsey Street | |
| London SE1 3UJ | |
| Charity number | 1203778 |
| Banker | Barclays Bank |
Page 3
Christ Covenant Deliverance Ministries UK
Trustees' Report
for the period ended 31 March 2024
Governing Document
The charity is registered as a charity on 28th June 2023.
The accounts have been prepared in accordance with the accounting policies set out in the Charity documents
Objectives and Activities
Advancing the christian faith for the public benefits in accordance with the statement of faith in London and in such other parts of the United Kingdom or the world as the charity trustees may from time to time think fit through the holding of prayer meetins, raising awareness of religious beliefs and practices, celebrating religious festivals, outreach and pastorial care in the community.
Financial Review
Good movement of funds with sufficient funds to cover our expected expenses.
Investment Policy
The charity currently does not have any funds for long term investments.
Risk management
The trustees has assessed the major risks to which the charity exposed to
Public Benefit Statement
The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regards to the Charity Commission's general guidance on public benefit, Charities and Public Benefit'.
Page 4
Christ Covenant Deliverance Ministries UK
Trustees' Report for the period ended 31 March 2024
Responsibilities of the Trustees
Charity law applicable to charities in England and Wales requires the trustees to prepare the financial statements for each financial year which gives a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the trustees are required to :
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether the policies adopted are in accordance with the Companies Act. 2006 and with
-
applicable accounting standards and statements of recommended practice, subject to any
-
material departures disclosed and explained in the financial statements:
-
prepare the financial statements on the going concern basis unless it is inappropriate to
-
presume that the company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on the 31st October 2024 and signed on their behalf by :
Funmilola Bamisile-Lawal Trustee
Page 5
Christ Covenant Deliverance Ministries UK
Independent Examiner's Report to the Trustees of Christ Covenant Deliverance Ministries UK
I report on the unaudited accounts of the charity for the period ended 31 March 2024, which are set out on pages 7 to 9
Respective Responsibilities of the Trustee and the Independent Examiner
As the charity's Trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 2006 does not apply, and that an independent examination is needed. It is my responsibilty to examine the accounts under section 43(2)(a) of the Act and to state, on the basis of the procedures specified in the General Directions given by the Charities under section 43(7)/(b) of the Act, whether particular matters have come to my attention
Basis of Independent Examiners Report
My examination was carried out in accordance with the general directions given by the Charities Commissioners. An independent 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 be required in an audit, and consequently l 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:
-
(a) to keep accounting records
-
(b) to prepare accounts which accord with the accounting records
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
JAT & CO
Chartered Certified Accountants 256 Bermondsey Street London SE1 3UJ Date:
Page 6
Christ Covenant Deliverance Ministries UK
Statement of Financial Activities ( including Receipts and Payments Account ) for the period ended 31 March 2024
| Notes Income Resources Charitable Activities 2 Total Income Resources Resources Expended Charitable activities 3 Management and administration Total Resources Expended Net Incoming Resources Net Movement In Funds Total Funds At 1 April 2023 Total Funds At 31 March 2024 |
RestrictedUnrestricted Total Funds Funds 2024 £ £ £ 56,369 - 56,369 |
|---|---|
| 56,369 - 56,369 |
|
| 45,844 - 45,844 318 - 318 |
|
| 46,162 - 46,162 |
|
| 10,207 - 10,207 |
|
| 10,207 - 10,207 0 - 0 |
|
| 10,207 - 10,207 |
Continuing Operations
All incoming resources and resources expended derive from continuing activities.
Page 7
Christ Covenant Deliverance Ministries UK
Balance Sheet as at 31 March 2024
| Note Fixed Assets Tangible assets Current Assets Cash at bank and in hand Creditors : Amounts falling du 5 within one year Net current assets Net Assets 6 Restricted Funds 6 Unrestrited Funds General funds 6 |
2024 £ |
|---|---|
| - | |
| 10,525 | |
| (318) | |
| 10,207 | |
| 10,207 | |
| 10,207 - |
|
| 10,207 |
The accounts were approved and authorised for issue by the trustees on the 31st October 2024 and signed on their bahalf by :
Dorothy Oluwatade Ilori-Adelakun
Trustee
Funmilola Bamisile-Lawal Trustee
Page 8
Christ Covenant Deliverance Ministries UK
Notes to the Accounts for the period ended 31 March 2024
1. Accounting Policies
1.1 Basis of accounting
The Financial Statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP 2006) on Small Charity Accounts which permits Charities with total income and total expenditure of £100,00 or less in the year, to produce Receipts and Payments Accounts.
1.3 Incoming resources
Income from member's Subscriptions and donations are recognised as incoming resources when receivable, except where donors specify that the income be used in a future accounting period, in which case the income is deferred to that period.
Investment income, gains and loses are allocated to the appropriate fund.
1.4 Resources Expended
Resources Expended are recognised on an accruals basis and include VAT which is not recoverable by the charity.
Management and administration costs include the cost of managing and supporting charitable services and projects as well as costs incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
The charity is not registered for VAT and all costs include the irrecoverable elements of VAT. Costs are allocated to activities on the basis of the time spent by staff on those projects.
1.5 Accumulated funds
Restricted funds are subject to specific conditions by donors as to how they may be used. Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund together with a fair allocation of management and support costs.
1.6 Taxation
The charity is exempt from tax and therefore no provision is made.
Page 9
Christ Covenant Deliverance Ministries UK
Notes to the Accounts for the period ended 31 March 2024
2. Charitable Activites
| Wakati Adura Offerings Tithes Welfare Books |
Restricted Unrestricted 2024 Funds Funds £ £ £ 18,294 - 18,294 17,215 - 17,215 15,750 - 15,750 5,110 - 5,110 - - - |
|---|---|
| 56,369 - 56,369 |
3. Charitable Expenditure(Restricted)
| Wakati Adura Offerings Website cost 21days Fasting Welfare Books |
Restricted Unrestricted 2024 Funds Funds £ £ £ 41,494 - 41,494 - - - 168 - 168 - 0 4,500 - 4,500 - 0 |
|---|---|
| 46,162 - 46,162 |
4. Trustees
None of the trustees ( or any persons connected with them ) received any renumeration, expenses reimbursement or benefits from the charity during the year.
5. Creditors- Amounts falling due within one year
| Accruals - Accountant fee | 2024 £ 318 |
|---|---|
| 318 |
Page 10
Christ Covenant Deliverance Ministries UK
Notes to the Accounts for the period ended 31 March 2024
----- Start of picture text -----
6. Movements in Funds:
Balance Incoming Resources Balance
01-Apr-23 Resources Expended 31-Mar-24
£ £ £ £
Restricted funds
Wakati Adura 0 18,294 (8,087) 10,207
Offerings 0 17,215 (17,215 ) 0
Tithes 0 15,750 (15,750 ) 0
Welfare 0 5,110 (5,110 ) -
Books - -
0 56,369 ( 46,162 ) 10,207
Unrestricted funds
Others - - - -
Total Funds - 56,369 ( 46,162 ) 10,207
----- End of picture text -----
Page 11