Charity registration number 1077406 (England and Wales)
Company registration number 03713790
JESUS DOMINION INTERNATIONAL
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
JESUS DOMINION INTERNATIONAL
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Tina Akinola
Martin Graham Stone
Antonia Okiemute Sakpere
Secretary
Olubunmi Ajayi
Charity number (England and Wales)
1077406
Company number
03713790
Registered office
3rd Floor
Chancery House
St Nicholas Way
Sutton
Surrey
SM1 1JB
Independent examiner
Clarkson Hyde LLP
3rd Floor
Chancery House
St Nicholas Way
Sutton
Surrey
SM1 1JB
Bankers
Barclays Bank plc
The Southwark Branch
29 Borough High Street
London
SE1 1LY
JESUS DOMINION INTERNATIONAL
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 10
JESUS DOMINION INTERNATIONAL
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The Trustees present their report and financial statements for the year ended 31 March 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016).

Objectives and activities
Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Activities

The principal activity of the company (charity) during the year continued to be that of the advancement of Christian religion and education through the promotion of the Christian Faith. This was mainly done via fellowship and Church meetings as well as providing Christian counsel to members who need it.

 

Achievements and performance
Significant activities and achievements against objectives

In 2023/24, Jesus Dominion International (JDi) remained committed to its charitable objectives. The principal objective being the advancement of the Christian religion and education through the promotion of the Christian faith. In this year, the Church was able to engage in activities such as Help the Helpless project in the UK as well as some charitable giving to the Bethany Christian Trust, a UK based charity and You Are Not Alone, YANA, based in Malawi.

 

The Church services have been held at the same venue in Vauxhall, South London, a charity with no relation to Jesus Dominion International. Our Sunday, Monday and Friday services are held at St Anne's settlement hall, 1 Vauxhall Grove, SW8 1TD. We also hold some prayer meetings during the week, these are virtual meetings held via zoom.

Financial review
Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Major risks

The Trustees continue to assess the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. In February 2019 the Charity engaged a company, Beacon of Life Ltd, to help update our policies including risk management and safe guarding to ensure we are complying with our objectives and requirements of Charity Commission. These policies remain valid.

Structure, governance and management

In April 2024 the Charity updated some of its policies and procedures to conform with the requirements for a charity. The charity is a company limited by guarantee and was incorporated on 16 February 1999 and registered as a charity on 14 September 1999.

 

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

The Trustees, who are also the directors for the purpose of company law, and who served during the year were:

 

Tina Akinola
Martin Graham Stone
Antonia Okiemute Sakpere
JESUS DOMINION INTERNATIONAL
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Recruitment and appointment of trustees

Any new appointment of Trustees are at the recommendation of the Board. None of the Trustees have any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

 

All new trustees are given, in the view of the Board, sufficient training and have enough knowledge of their specific field to understand the nature of the charity and fully comply with the charity's current view of its progression. They are required to be aware of their legal and professional responsibilities.

 

The Board of Trustees must, as per the governing document, have at least 3 Trustees serving at any one time.

The Trustees' report was approved by the Board of Trustees.

Tina Akinola
Director (Trustee)
23 January 2025
JESUS DOMINION INTERNATIONAL
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF JESUS DOMINION INTERNATIONAL
- 3 -

I report to the Trustees on my examination of the financial statements of Jesus Dominion International (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Andrew Seton FCCA
For and on behalf of
Clarkson Hyde LLP
3rd Floor
Chancery House
St Nicholas Way
Sutton
Surrey
SM1 1JB
Dated: 23 January 2025
JESUS DOMINION INTERNATIONAL
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
Unrestricted
Unrestricted
funds
funds
2024
2023
Notes
£
£
Income from:
Donations and legacies
2
32,311
29,682
Total income
32,311
29,682
Expenditure on:
Charitable activities
3
13,107
6,161
Total expenditure
13,107
6,161
Net income and movement in funds
19,204
23,521
Reconciliation of funds:
Fund balances at 1 April 2023
110,735
87,214
Fund balances at 31 March 2024
129,939
110,735

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

JESUS DOMINION INTERNATIONAL
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 5 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
9
356
73
Current assets
Debtors
10
5,242
6,885
Cash at bank and in hand
126,530
107,791
131,772
114,676
Creditors: amounts falling due within one year
11
(2,189)
(4,014)
Net current assets
129,583
110,662
Total assets less current liabilities
129,939
110,735
The funds of the charity
Unrestricted funds
12
129,939
110,735
129,939
110,735

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 23 January 2025
Tina Akinola
Director (Trustee)
Company registration number 03713790 (England and Wales)
JESUS DOMINION INTERNATIONAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
1
Accounting policies
Charity information

Jesus Dominion International is a private company limited by guarantee incorporated in England and Wales. The registered office is 3rd Floor, Chancery House, St Nicholas Way, Sutton, Surrey, SM1 1JB.

1.1
Accounting convention

The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5
Resources expended
Resources expended are recognised in the year in which they are incurred.  Resources expended include attributable VAT which cannot be recovered.
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
10% straight line and 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

JESUS DOMINION INTERNATIONAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 7 -
1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, and deposits held at call with banks.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10
Fund Accounting - Unrestricted funds

(a) Unrestricted funds

Unrestricted funds are tithes and offerings and other incoming resources receivable or generated for the objects of the charity without further specified purpose. These are funds which can be used in accordance with the charitable objects at the discretion of the directors (trustees).

 

(b) Restricted funds

Restricted funds are funds which have been given for particular purposes and projects as laid down by the donors. The restricted fund must be used wholly to purchase the charity church building.

1.11
Legal status of the charity
The charity is a company limited by guarantee and has no share capital.  The liability of each member in the event of winding up is limited to less than £10.
JESUS DOMINION INTERNATIONAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
2
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Donations and gifts
32,311
29,682
3
Charitable activities

Worship/

church activities

Others

Total
2024
Total
2023
£
£
£
£

Hiring of hall and musicians

4,835
-
4,835
1,560

Missionary

1,185
-
1,185
1,418

Travelling costs

176
-
176
63

Media

-
225
225
358

Welfare and gifts

-
3,188
3,188
112
Subscriptions
36
-
36
-
6,232
3,413
9,645
3,511
Share of governance costs (see note 4)
-
3,462
3,462
2,650
6,232
6,875
13,107
6,161
4
Support costs
Governance costs
2024
2023
£
£
£
Depreciation and loss on disposal
20
20
113

Postage and stationery

711
711
108

Accountancy

2,161
2,161
2,114
Sundry
375
375
165
Bank charges
195
150
150
3,462
3,462
2,650
Analysed between
Charitable activities
3,462
3,462
2,650
JESUS DOMINION INTERNATIONAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
5
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
1,920
1,900
Depreciation of owned tangible fixed assets
20
113
6
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
7
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
8
Taxation
The charitable company is exempt from corporation tax on its charitable activities.
9
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2023
1,569
Additions
303
At 31 March 2024
1,872
Depreciation and impairment
At 1 April 2023
1,496
Depreciation charged in the year
20
At 31 March 2024
1,516
Carrying amount
At 31 March 2024
356
At 31 March 2023
73
JESUS DOMINION INTERNATIONAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
10
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
5,242
6,885
11
Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
2,189
4,014
12
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
General funds
110,735
32,311
(13,107)
129,939
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
General funds
87,214
29,682
(6,161)
110,735
13
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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