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2022-12-31-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 2022

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 2022

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 20

Destiny Christian Church - Wakefield

Report of the Trustees for the Year Ended 31 December 2022

The Trustees present their annual report and accounts for the year ended 31 December 2022.

The board of trustees are pleased with the overall performance of the Charity during the year, the position at 31 December 2022 and consider that the Charity is in a stable 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 people’s 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 most of the activates of this busy church happen.

1

Destiny Christian Church - Wakefield

Report of the Trustees for the Year Ended 31 December 2022

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.

Covid-19 impact

The beginning of 2022 saw more activities returning to the usual church programme after restrictions were lifted and people gained more confident to mix. 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. During the latter half of 2022 the church programme returned to the usual in person groups for children and adults. The finances have remained stable during this time and donations to the church have continued throughout the covid period. We still continue to monitor the finances carefully after covid restrictions as the cost-of-living difficulties will impact the church during 2022 but future plans are carefully considered with this in mind.

2

Destiny Christian Church - Wakefield

Report of the Trustees for the Year Ended 31 December 2022

FINANCIAL REVIEW

Transactions and Financial position

The financial statements are set out on pages 7 to 19. 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 £25,598 (2021: net outgoing resources £5,932).

The total reserves at the year end stand at £374,382 (2021: £399,980).

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 and school for disadvantaged children as well as continuing to support churches in India, Poland and Zambia. We also continue to support some pastors and churches in Ukraine to aid in supporting refugees during the War, as and when this support is needed.

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.

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.

3

Destiny Christian Church - Wakefield

Report of the Trustees for the Year Ended 31 December 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

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

Trustees

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

4

Destiny Christian Church - Wakefield

Report of the Trustees for the Year Ended 31 December 2022

REFERENCE AND ADMINISTRATIVE DETAILS 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 6 July 2023 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 2022.

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 member of the Institute of Chartered Accountants in England and Wales, 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.

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

7 July 2023

6

Destiny Christian Church - Wakefield

Statement of Financial Activities for the Year Ended 31 December 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
306,237
Charitable activities
Missions, outreach and ministry support
-
Investment income
2
131
Total
306,368
EXPENDITURE ON
Raising funds
66,282
Charitable activities
Missions, outreach and ministry support
207,541
Other
41,575
Total
315,398
NET INCOME/(EXPENDITURE)
(9,030)
Transfers between funds
15
(6,692)
Net movement in funds
(15,722)
RECONCILIATION OF FUNDS
Total funds brought forward
373,557
TOTAL FUNDS CARRIED FORWARD
357,835		 Restricted
funds
£
14,073
-
-
14,073
-
30,641
-
30,641
(16,568)
6,692
(9,876)
26,423
16,547		 2022
Total
funds
£
320,310
-
131
320,441
66,282
238,182
41,575
346,039
(25,598)
-
(25,598)
399,980
374,382		 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

The notes form part of these financial statements

7

Destiny Christian Church - Wakefield (Registered number: 04621037)

Balance Sheet 31 December 2022

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		 2022
£
726,698
22,811
67,677
90,488
(16,770)
73,718
800,416
(426,034)
374,382
357,835
16,547
**374,382 **		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 2022

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 6 July 2023 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 2022

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 2022

1. ACCOUNTING POLICIES - continued

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 (2021: £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 2022

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
2022 2021
£ £
Deposit account interest 36 4
Bank interest received - Zion Christian Centre 21 -
Bank compensation interest - 1,437
HMRC repayment interest 74 1
131 1,442

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		 2022
£
2,070
2,515
28,802
1,089
11,343		 2021
£
2,070
2,467
27,492
799
8,191

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 £44,300 (2021: £36,290) and £23,600 (2021: £24,550) respectively.

Trustees' expenses

The aggregate amount of expenses paid to Trustees was 2022
£
-		 2021
£
-

continued...

12

Destiny Christian Church - Wakefield Notes to the Financial Statements - continued for the Year Ended 31 December 2022

5. EMPLOYEES AND KEY MANAGEMENT PERSONNEL

The average monthly number of employees during the year was as follows:

Admin. support

2022 2021
4 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 (2021: none).

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
293,308
Charitable activities
Missions, outreach and ministry support
29,053
Investment income
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
(15,759)
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		 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

continued...

13

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

7. TANGIBLE FIXED ASSETS

COST
At 1 January 2022
Additions
At 31 December 2022
DEPRECIATION
At 1 January 2022
Charge for year
At 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 31 December 2021		 Freehold
property
£
998,037
-
998,037
256,343
19,959
276,302
721,735
741,694		 Fixtures
and
fittings
Totals
£
£
141,960
1,139,997
4,380
4,380
146,340
1,144,377
132,534
388,877
8,843
28,802
141,377
417,679
4,963
726,698
9,426
751,120		 Fixtures
and
fittings
Totals
£
£
141,960
1,139,997
4,380
4,380
146,340
1,144,377
132,534
388,877
8,843
28,802
141,377
417,679
4,963
726,698
9,426
751,120
388,877
28,802
417,679
726,698
751,120

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.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation recoverable
Prepayments		 2022
£
13,596
9,215
22,811		 2021
£
24,367
9,016
33,383

continued...

14

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Bank loans and overdrafts (see note 11)
12,108
Accruals
4,662
16,770
10.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022
£
Bank loans (see note 11)
426,034
11.
LOANS
An analysis of the maturity of loans is given below:
2022
£
Amounts falling due within one year on demand:
Bank overdrafts
548
Bank loans
11,560
12,108
Amounts falling between one and two years:
Bank loans due within one to five years
52,957
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans due more than five years
373,077
12.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
2022
£
Within one year
4,680
Between one and five years
6,128
10,808		 2021
£
10,962
4,856
15,818
2021
£
437,495
2021
£
-
10,962
10,962
50,220
387,275
2021
£
4,256
-
4,256

15

continued...

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

13. SECURED DEBTS

The following secured debts are included within creditors:

Bank loans

2022
£
**437,594 **		 2021
£
448,457

The bank loan is secured by a first mortgage on the freehold property and is repayable over 30 years. The rate of interest is variable on 14 days’ notice and increased from 5.5% to 6% on 16 December 2022.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
726,698
Current assets
73,941
Current liabilities
(16,770)
Long term liabilities
(426,034)
357,835		 Restricted
funds
£
-
16,547
-
-
16,547		 2022
Total
funds
£
726,698
90,488
(16,770)
(426,034)
374,382		 2021
Total
funds
£
751,120
102,173
(15,818)
(437,495)
399,980

15. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Zion Christian Centre
Restricted funds
Missions
Restricted Malawi Orphanage
TOTAL FUNDS		 At 1.1.22
£
356,338
17,219
373,557
5,790
20,633
26,423
399,980		 Net
movement
in funds
£
(16,038)
7,008
(9,030)
(22,995)
6,427
(16,568)
(25,598)		 Transfers
between
funds
£
(7,571)
879
(6,692)
33,599
(26,907)
6,692
-		 At
31.12.22
£
332,729
25,106
357,835
16,394
153
16,547
374,382

16

continued...

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

15. MOVEMENT IN FUNDS - continued

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
£
276,659
29,709
306,368
7,646
6,427
14,073
320,441		 Resources
Movement
expended
in funds
£
£
(292,697)
(16,038)
(22,701)
7,008
(315,398)
(9,030)
(30,641)
(22,995)
-
6,427
(30,641)
(16,568)
(346,039)
(25,598)

Comparatives for movement in funds

Unrestricted funds
General fund
Zion Christian Centre
Restricted funds
Missions
Restricted Malawi Orphanage
TOTAL FUNDS		 At 1.1.21
£
362,031
32,069
394,100
10,831
981
11,812
405,912		 Net
movement
in funds
£
10,063
(14,847)
(4,784)
(872)
(276)
(1,148)
(5,932)		 Transfers
between
funds
£
(15,756)
(3)
(15,759)
10,674
5,085
15,759
-		 At
31.12.21
£
356,338
17,219
373,557
20,633
5,790
26,423
399,980

continued...

17

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

15. MOVEMENT IN FUNDS - continued

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
£
292,615
31,188
323,803
2,088
7,617
9,705
333,508		 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)

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		 At 1.1.21
£
362,031
32,069
394,100
10,831
981
11,812
405,912		 Net
movement
in funds
£
(5,975)
(7,839)
(13,814)
(23,867)
6,151
(17,716)
(31,530)		 Transfers
between
funds
£
(23,327)
876
(22,451)
44,273
(21,822)
22,451
-		 At
31.12.22
£
332,729
25,106
357,835
31,237
(14,690)
16,547
374,382

continued...

18

Destiny Christian Church - Wakefield

Notes to the Financial Statements - continued for the Year Ended 31 December 2022

15. MOVEMENT IN FUNDS - continued

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
£
569,274
60,897
630,171
9,734
14,044
23,778
653,949		 Resources
Movement
expended
in funds
£
£
(575,249)
(5,975)
(68,736)
(7,839)
(643,985)
(13,814)
(33,601)
(23,867)
(7,893)
6,151
(41,494)
(17,716)
(685,479)
(31,530)

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.

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 £29,720 (2021: £33,510) 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 2022 or in the year ended 31 December 2021.

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 (2021: 4 members).

19

Destiny Christian Church - Wakefield

Detailed Statement of Financial Activities for the Year Ended 31 December 2022

INCOME AND ENDOWMENTS
Donations and legacies
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 interest received - Zion Christian Centre
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
Support costs
Management
Hire of equipment
Carried forward		 2022
£
43,613
4,761
232,936
6,427
7,647
24,926
320,310
36
21
-
74
131
-
320,441
71,598
1,760
158,824
6,000
238,182
11,343
24,763
36,106
1,089
1,089		 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
799
799

This page does not form part of the statutory financial statements

20

Destiny Christian Church - Wakefield

Detailed Statement of Financial Activities for the Year Ended 31 December 2022

Management
Brought forward
Rates, water and service charges
Insurance
Light and heat
Telephone and internet
Postage
Stationery and printing
Waste collection
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		 2022
£
1,089
467
5,517
4,854
2,246
605
175
867
10,883
3,256
3,112
2,539
28,802
1,870
66,282
2,070
2,515
884
5,469
346,039
**(25,598) **		 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)

This page does not form part of the statutory financial statements

21