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2021-12-31-accounts

REGISTERED COMPANY NUMBER: 04621037 (England and Wales) REGISTERED CHARITY NUMBER: 1095861

Destiny Christian Church - Wakefield

Report of the Trustees and Financial Statements

Year Ended 31 December 2021

SMH Jolliffe Cork Ltd Chartered Accountants 33 George Street Wakefield West Yorkshire WF1 1LX

Destiny Christian Church - Wakefield

Contents of the Financial Statements for the Year Ended 31 December 2021

Page
Report of the Trustees 1
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 10
Detailed Statement of Financial Activities 21

Destiny Christian Church - Wakefield

Report of the Trustees for the Year Ended 31 December 2021

The Trustees present their annual report and accounts for the year ended 31 December 2021.

The board of trustees are encouraged with the performance of the Charity during the year, all be it there are some financial challenges, and consider that the Charity is in a good position to continue its activities during the coming year, and that the Charity's assets are adequate to fulfil its obligations.

OBJECTIVES AND ACTIVITIES

Objectives and aims

-To advance the Christian faith in our City, the UK and around the world as we are able. To help bring relief to those who are needy.

-Through the provision of Sunday Services and other mid-week services including children's club and youth events, Destiny aims to strengthen peoples Christian faith and extend the Christian faith to the local community.

-To give relief to people in hardship in the UK and overseas by giving financial support and arranging mission trips to help in community projects.

-To help serve the needs of our local community by providing a variety of community initiatives which are available to all.

The Charity's Strategies

Grantmaking

The Trustees carefully consider the help that they might give to support other churches in their mission, be that in the UK or abroad. All such organisations would have similar aims and objectives to Destiny Christian Church - Wakefield. Generally, most donations are made to organisations with whom we have a long term relationship and we remain involved in the overseeing of those donations being used for the purpose for which they are given. Such donations arise because of the decision of the Trustees of Destiny Christian Church and not from requests and applications.

Volunteers

The Church relies on, and greatly appreciates, the very considerable input of volunteers who help to make happen most of the activates of this busy church.

1

Destiny Christian Church - Wakefield

Report of the Trustees for the Year Ended 31 December 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

FINANCIAL REVIEW

Reserves policy

The directors have considered the level of reserves they wish to retain, appropriate to the Charity's needs. This is based on the Charity's size and the level of financial commitments held. The Directors aim to ensure the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Directors will endeavour not to set aside funds unnecessarily.

The Trustees of Destiny Christian Church have decided to keep some funds in reserve to help pay ongoing costs of running the Church - especially the loan, should the Church experience any loss or dip in incoming donations. We endeavour to keep 3 months of the cost of the building loan repayments in savings.

2

Destiny Christian Church - Wakefield

Report of the Trustees for the Year Ended 31 December 2021

FINANCIAL REVIEW

Covid-19 impact

Covid-19 has obviously disrupted our normal programme of ministry and activities through most of 2021. As restrictions started to be lifted towards the end of the year some of our church activities reopened face to face and this has gone well. The beginning of 2022 has seen a continuation of this with more activities returning to the usual church programme. Virtual online services continue alongside our face to face in-person services to enable people who can't attend to continue to access church and keep in touch. Our CAST Team (Care And Support Team) and our Pastoral Care Team have supported people throughout the year who have suffered because of the Lockdowns. Despite the inability to physically be together for most of this year, the Church community has stayed strong. The Trustees continued to ensure our core charitable objectives are still at the heart of all we are doing in Wakefield and beyond. Considering all that has happened this year, and after the previous difficult year also, finances have remained stable enough with people mainly giving on-line and we have benefitted from the Government Job Retention Scheme. We continue to monitor the finance carefully as the situation is now stabilising more it has become easier to plan for the future months and years ahead.

Transactions and Financial position

The financial statements are set out on pages 7 to 20. The financial statements have been prepared in accordance with the Charities SORP (FRS 102) ' 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), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

As stated in the introduction to this report, the Trustees consider the financial performance by the Charity during the year to have been satisfactory.

The Statement of Financial Activities show net outgoing resources for the year of £5,932 (2020: net incoming resources £41,817).

The total reserves at the year end stand at £399,980 (2020: £405,912).

Share Capital

The company is limited by guarantee and therefore has no share capital.

FUTURE PLANS

We plan to continue our support in Malawi, especially for the Lunchbox feeding programme for disadvantaged children as well as continuing to support churches in India, Poland and Zambia. We have in early 2022 been supporting a pastor and his church in Ukraine to aid him in supporting the refugees during the War, we will continue to support them during 2022 as they need this.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is constituted as a company limited by guarantee and is therefore governed by a Memorandum and Articles of Association. The Directors of the Company are also Trustees of the Charity.

Recruitment and appointment of new trustees

A new trustee may be appointed, having given the statutory notice, by a resolution of the Trustees passed by the majority of the Trustees, the resolution should be recorded in the minutes, signed by the new trustee and by the Chairman of the meeting.

Organisational structure

The Trustees meet regularly to discuss and decide on all matters of church business.

Induction and training of new trustees

There has been the required training and induction of new trustees. There is ongoing training for current trustees including updates on our Safeguarding Policy.

3

Destiny Christian Church - Wakefield

Report of the Trustees for the Year Ended 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Wider network

The Charity has no responsibility for, nor is it answerable to, any other organisation.

Related parties

The related party disclosure is shown in note 16 of the financial statements.

Risk management

The Trustees meet regularly to discuss the wellbeing and progress of the Charity. No major risks have been identified. Careful planning has been done this year to adapt the church activities and to ensure that church finances are adequate to cover the costs. However, the Trustees continue to manage all aspects of the Church's life, including the following:

- Financial

- Health and Safety

We have in place a schedule and a Safety officer to manage the risks to do with fire safety, food safety, first aid, child protection and the general safety of the building.

- Child Protection

The Church has a Child Protection Policy based on the guidance and managed by 'Thirty one eight' (formerly CCPAS - Churches Child Protection Advisory Service).

- Vulnerable Adults Policy

The Church has a Vulnerable Adults Policy which has been adopted by all Leaders and groups associated with the Organisation.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04621037 (England and Wales)

Registered Charity number

1095861

Registered office

Destiny Christian Church Tuke Grove Parklands Wakefield West Yorkshire WF1 4AF

4

Destiny Christian Church - Wakefield

Report of the Trustees for the Year Ended 31 December 2021

Trustees

I F Critchley G Martin R Fletcher-Brown D Heptinstall W I Critchley

Independent Examiner

SMH Jolliffe Cork Ltd Chartered Accountants 33 George Street Wakefield West Yorkshire WF1 1LX

Bankers

HSBC Bank plc PO Box 33 66 Westgate Wakefield West Yorkshire WF1 1XB

Solicitors

Robinsons Solicitors 10-11 St James Court Derby DE11 1BT

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 9 May 2022 and signed on its behalf by:

I F Critchley - Trustee

5

Independent Examiner's Report to the Trustees of Destiny Christian Church - Wakefield

Independent examiner's report to the trustees of Destiny Christian Church - Wakefield ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

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

  4. the accounts 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 accounts 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 accounts to be reached.

Jane Crossley FCA SMH Jolliffe Cork Ltd 33 George Street Wakefield West Yorkshire WF1 1LX

9 May 2022

6

Destiny Christian Church - Wakefield

Statement of Financial Activities for the Year Ended 31 December 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
293,308
Charitable activities
Missions, outreach and ministry support
29,053
Investment income
2
1,442
Total
323,803
EXPENDITURE ON
Raising funds
89,875
Charitable activities
Missions, outreach and ministry support
200,130
Other
38,582
Total
328,587
NET INCOME/(EXPENDITURE)
(4,784)
Transfers between funds
15
(15,759)
Net movement in funds
(20,543)
RECONCILIATION OF FUNDS
Total funds brought forward
394,100
TOTAL FUNDS CARRIED FORWARD
373,557		 Restricted
funds
£
9,705
-
-
9,705
-
10,853
-
10,853
(1,148)
15,759
14,611
11,812
26,423		 2021
Total
funds
£
303,013
29,053
1,442
333,508
89,875
210,983
38,582
339,440
(5,932)
-
(5,932)
405,912
399,980		 2020
Total
funds
£
333,788
31,551
27
365,366
87,347
200,396
35,806
323,549
41,817
-
41,817
364,095
405,912

The notes form part of these financial statements

7

Destiny Christian Church - Wakefield (Registered number: 04621037)

Balance Sheet 31 December 2021

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
10
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2021
£
751,120
33,383
68,790
102,173
(15,818)
86,355
837,475
(437,495)
399,980
373,557
26,423
399,980		 2020
£
766,953
37,499
71,796
109,295
(16,619)
92,676
859,629
(453,717)
405,912
394,100
11,812
405,912

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

8

Destiny Christian Church - Wakefield (Registered number: 04621037)

Balance Sheet - continued 31 December 2021

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

The financial statements were approved by the Board of Trustees and authorised for issue on 9 May 2022 and were signed on its behalf by:

I F Critchley - Trustee

G Martin - Trustee

The notes form part of these financial statements

9

Destiny Christian Church - Wakefield

Notes to the Financial Statements for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

Incoming resources are accounted for on a receivable basis deferred as described below where appropriate.

Investment Income

Bank interest received is included on an actual receipts basis.

Government grants

Grants received in relation to the Coronavirus pandemic are accounted for as they fall due and included within the Statement of financial activities.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

In particular the policy for including items within costs of generating funds and charitable activities costs is:

Charitable activities

This includes the cost of goods and services and ancillary costs that have been incurred in charitable activities. The ministers are involved with such activates and therefore the relevant stipend costs are treated as direct charitable expenditure.

Allocation and apportionment of costs

The methods and principles for the allocation and apportionment of all costs between the different activity categories of resources set out above are:

The Charity's operating costs including staff costs, rent and other related costs. Such costs are allocated between types of resources expended and between charitable expenditure and management and administration on the basis of estimates made by the directors.

The bases of the estimates used were a common sense assessment of the nature of the costs involved.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Fixtures and fittings - at varying rates on cost

A regular annual review of the likelihood of asset impairment is undertaken. The basis of this review is to examine the assets in their current use and establish that they are fit for purpose.

continued...

10

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Capital Grants

Gifts of tangible fixed assets or grants of a capital nature given for the specific purposes and fully utilised in the furtherance of the objects of the Charity should be credited to the relevant fixed asset fund after the sums have been properly expended on the restricted purpose. The related asset is shown in the balance sheet at the full cost of acquisition or subsequent revaluation.

If the related assets are subject to restriction by the grant making organisation or individuals on their use and disposal, then this restriction is noted in the fixed asset section of these accounts. In such circumstances, the fixed asset fund created is treated as a restricted fixed asset fund. As the related assets are depreciated, then a transfer is made from restricted fixed asset funds to unrestricted revenue reserves to reflect the diminution in the asset subject to the restriction.

If the related assets are not subject to restrictions by the grant making organisation on their use and disposal, then the fixed asset fund created is treated as a designated fixed asset fund. As the related assets are depreciated, then a transfer is made from designated fixed asset funds to unrestricted revenue reserves to reflect the diminution in the asset. In this year a sum of £nil (2020: £Nil) was transferred from designated fixed asset funds to unrestricted revenue reserves.

Any residual liability to the donor arising from, for example, the asset's future sale, is disclosed as a contingent liability unless the event that would trigger repayment of the grant becomes probable in which case a liability for repayment is recognised.

Taxation

As a registered Charity, the Company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.

Fund accounting

The Charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the Charity. Such funds may be held in order to finance both working capital and capital investment.

Restricted funds have been provided to the Charity for the particular purposes, and it is the policy of the Board of Trustees to carefully monitor the application of these fund in accordance with the restriction placed upon them.

There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above.

Any other proposed transfer between funds would be considered in the particular circumstances.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Finance and operating leases

Rentals payable in respect of operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred.

continued...

11

Destiny Christian Church - Wakefield Notes to the Financial Statements - continued for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES - continued

Winding up or dissolution of the charity

If upon winding up or dissolution of the Charity there remain any assets, after the satisfaction of all the debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the Charity.

2. INVESTMENT INCOME

INVESTMENT INCOME
2021 2020
£ £
Deposit account interest 4 21
Bank compensation interest 1,437 -
HMRC repayment interest 1 6
1,442 27

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Independent examiner's fees
Other accountancy fees
Depreciation - owned assets
Hire of plant and machinery
Other operating leases		 2021
£
2,070
2,467
27,492
799
**8,191 **		 2020
£
1,980
2,712
21,599
776
4,913

4. TRUSTEES' REMUNERATION AND BENEFITS

No trustees have received any remuneration, either in the current year or the prior year, except that the Ministers received a stipend on a self employed basis as set out below.

I Critchley and W Critchley received a stipend for carrying out pastoral work, paid on a self employed basis, in the sum of £36,290 (2020: £36,220) and £24,550 (2020: £25,000) respectively.

continued...

12

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

4. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses
The aggregate amount of expenses paid to Trustees was
5.
EMPLOYEES AND KEY MANAGEMENT PERSONNEL
The average monthly number of employees during the year was as follows:
Admin. support		 2021
£
-
2021
4		 2020
£
-
2020
4

The Charity considers its key management personnel comprise the trustees. Details of the trustees remuneration are included in note 4.

No employees had employee benefits in excess of £60,000 (2020: none).

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
324,939
Charitable activities
Missions, outreach and ministry support
31,551
Investment income
27
Total
356,517
EXPENDITURE ON
Raising funds
87,347
Charitable activities
Missions, outreach and ministry support
188,230
Other
35,806
Total
311,383		 Restricted
funds
£
8,849
-
-
8,849
-
12,166
-
12,166		 Total
funds
£
333,788
31,551
27
365,366
87,347
200,396
35,806
323,549

continued...

13

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted
Total
funds funds funds
£ £ £
NET INCOME/(EXPENDITURE) 45,134 (3,317) 41,817
Transfers between funds (7,465) 7,465 -
Net movement in funds 37,669 4,148 41,817
RECONCILIATION OF FUNDS
Total funds brought forward 356,431 7,664 364,095
TOTAL FUNDS CARRIED FORWARD 394,100 11,812 405,912
7. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 January 2021 998,037 130,301 1,128,338
Additions - 11,659 11,659
At 31 December 2021 998,037 141,960 1,139,997
DEPRECIATION
At 1 January 2021 236,383 125,002 361,385
Charge for year 19,960 **7,532 ** **27,492 **
At 31 December 2021 256,343 **132,534 ** 388,877
NET BOOK VALUE
At 31 December 2021 **741,694 ** 9,426 751,120
At 31 December 2020 761,654 5,299 766,953

All the assets are used for direct charitable propose and there are no inalienable or heritage assets. These assets were partly acquired with the aid of donations and there are restrictions upon the manner in which the assets can be dealt with imposed by charity law.

continued...

14

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Taxation recoverable
Prepayments
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 11)
Accruals
10.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 11)
11.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans due within one to five years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans due more than five years		 2021
£
-
24,367
9,016
33,383
2021
£
10,962
4,856
15,818
2021
£
437,495
2021
£
10,962
50,220
387,275		 2020
£
3,628
27,601
6,270
37,499
2020
£
10,117
6,502
16,619
2020
£
453,717
2020
£
10,117
46,345
407,372

15

continued...

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2021 2020
£ £
Within one year 4,256 2,938
SECURED DEBTS
The following secured debts are included within creditors:
2021 2020
£ £
Bank loans 448,457 463,834

13. SECURED DEBTS

The bank loan is secured by a first mortgage on the freehold property, and is repayable over 30 years. The initial rate of interest chargeable is 5.50%, but this is variable upon 14 days notice. The amounts repayable after five years have been calculated on the basis of reasonable interest estimates.

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Fixed assets
751,120
Current assets
75,750
Current liabilities
(15,818)
Long term liabilities
(437,495)
**373,557 **		 Restricted
funds
£
-
26,423
-
-
26,423		 2021
Total
funds
£
751,120
102,173
(15,818)
(437,495)
399,980		 2020
Total
funds
£
766,953
109,295
(16,619)
(453,717)
405,912

16

continued...

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

15.
MOVEMENT IN FUNDS
Net
movement
At 1.1.21
in funds
£
£
Unrestricted funds
General fund
362,031
10,063
Zion Christian Centre
32,069
(14,847)
394,100
(4,784)
Restricted funds
Missions
10,831
(872)
Restricted Malawi Orphanage
981
(276)
11,812
(1,148)
TOTAL FUNDS
405,912
(5,932)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
292,615
Zion Christian Centre
31,188
323,803
Restricted funds
Missions
2,088
Restricted Malawi Orphanage
7,617
9,705
TOTAL FUNDS
333,508		 Transfers
between
At
funds
31.12.21
£
£
(15,756)
356,338
(3)
17,219
(15,759)
373,557
10,674
20,633
5,085
5,790
15,759
26,423
-
399,980
Resources
Movement
expended
in funds
£
£
(282,552)
10,063
(46,035)
(14,847)
(328,587)
(4,784)
(2,960)
(872)
(7,893)
(276)
(10,853)
(1,148)
(339,440)
(5,932)

continued...

17

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Zion Christian Centre
Restricted funds
Missions
Restricted Malawi Orphanage
TOTAL FUNDS		 Net
movement
At 1.1.20
in funds
£
£
336,473
32,984
19,958
12,150
356,431
45,134
5,465
(10,177)
2,199
6,860
7,664
(3,317)
364,095
41,817		 Transfers
between
funds
£
(7,426)
(39)
(7,465)
15,543
(8,078)
7,465
-		 At
31.12.20
£
362,031
32,069
394,100
10,831
981
11,812
405,912

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Zion Christian Centre
Restricted funds
Missions
Restricted Malawi Orphanage
TOTAL FUNDS		 Incoming
resources
£
315,486
41,031
356,517
1,989
6,860
8,849
365,366		 Resources
Movement
expended
in funds
£
£
(282,502)
32,984
(28,881)
12,150
(311,383)
45,134
(12,166)
(10,177)
-
6,860
(12,166)
(3,317)
(323,549)
41,817

continued...

18

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Zion Christian Centre
Restricted funds
Missions
Restricted Malawi Orphanage
TOTAL FUNDS		 Net
movement
At 1.1.20
in funds
£
£
336,473
43,047
19,958
(2,697)
356,431
40,350
5,465
(11,049)
2,199
6,584
7,664
(4,465)
364,095
35,885		 Transfers
between
funds
£
(23,182)
(42)
(23,224)
26,217
(2,993)
23,224
-		 At
31.12.21
£
356,338
17,219
373,557
20,633
5,790
26,423
399,980

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Zion Christian Centre
Restricted funds
Missions
Restricted Malawi Orphanage
TOTAL FUNDS		 Incoming
resources
£
608,101
72,219
680,320
4,077
14,477
18,554
698,874		 Resources
Movement
expended
in funds
£
£
(565,054)
43,047
(74,916)
(2,697)
(639,970)
40,350
(15,126)
(11,049)
(7,893)
6,584
(23,019)
(4,465)
(662,989)
35,885

Mission funds continue to provide funds and flights for missions (eg. Malawi and India), outreaches and ministry support in the respective countries with whom Destiny Christian Church - Wakefield has a longstanding relationship.

continued...

19

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

16. RELATED PARTY DISCLOSURES

During the year members of Rev. I Critchley's family were both employed and provided services to the Charity. The total payments were £33,510 (2020: £23,100) and included assistance and admin. support to the Minister and Charity provided by Rev. I Critchley's wife and assistance, admin. support, book-keeping and accountancy services provided by Rev. I Critchley's daughter.

17. ENDOWMENT FUNDS

The Charity had no endowment funds in the year ended 31 December 2021 or in the year ended 31 December 2020.

18. SHARE CAPITAL

The Charity is incorporated under the Companies Act 2006 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding £1 as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.

There are 4 members of the company (2020: 4 members).

20

Destiny Christian Church - Wakefield

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

INCOME AND ENDOWMENTS
Donations and legacies
Legacies - Zion Christian Centre
Gift Aid
Gift Aid - Zion Christian Centre
Donated services and facilities
Malawi Orphanage
Missions
Donated services and facilities - Zion Christian Centre
Investment income
Deposit account interest
Bank compensation interest
HMRC repayment interest
Charitable activities
Coronavirus government support - CJRS claims
Total incoming resources
EXPENDITURE
Charitable activities
Costs of goods or services as a charitable activity
Cost of goods or services as a charitable activity -
Zion Christian Centre
Wages, stipends and pensions
Wages, stipends and pensions - Zion Christian Centre
Other
Other operating leases
Interest payable		 2021
£
-
49,084
4,985
213,038
7,616
2,089
26,201
303,013
4
1,437
1
1,442
29,053
333,508
45,555
2,300
150,228
12,900
210,983
8,191
25,251
33,442		 2020
£
8,670
47,583
6,290
236,325
6,860
1,989
26,071
333,788
21
-
6
27
31,551
365,366
39,392
2,889
144,615
13,500
200,396
4,913
26,038
30,951

This page does not form part of the statutory financial statements

21

Destiny Christian Church - Wakefield

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

Support costs
Management
Hire of equipment
Rates, water and service charges
Insurance
Light and heat
Telephone and internet
Postage
Stationery and printing
Administration costs
Administration and running costs - Zion Christian
Centre
Travel and subsistence
Premises repairs and renewals
Premises repairs and renewals - Zion Christian
Centre
Depreciation of tangible and heritage assets
Bank charges
Governance costs
Independent examiner's fees
Other accountancy fees
Legal and professional fees
Total resources expended
Net (expenditure)/income		 2021
£
799
174
5,426
4,689
2,574
1,059
265
970
9,669
7,628
11,231
20,262
27,492
(2,363)
89,875
2,070
2,467
603
5,140
339,440
(5,932)		 2020
£
776
1,266
5,125
7,571
3,408
884
718
1,439
3,818
2,269
28,982
8,674
21,599
818
87,347
1,980
2,712
163
4,855
323,549
41,817

This page does not form part of the statutory financial statements

22