DESTINY TEMPLE Reports and Accounts for the year ended 31ST MARCH 2022
Legal and administrative information
Status
Registered charitable organisation since 7th April 2006.
Trustees and management committee of the church
Mrs. Jennifer Phillips (Chairperson) Mr. Nnaemeka Anukam Mr. Sunday Adegun
Registered charity number
1113679
Registered office and operational address
Destiny Temple Worcester Street Gloucester GL1 3AS
Bankers
Natwest Bank
Accountant
AL Accounting Solutions Chartered Certified Accountants 21A Brighton Road South Croydon Surrey CR2 6EA
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DESTINY TEMPLE
Reports and Accounts for the year ended 31ST MARCH 2022 Trustees Report
The trustees presents its annual report and the unaudited financial statements for the period.
The year 2021 -2022 was themed “Overflow”. We are grateful to God for the Overflow testimonies we experienced as a Church community especially after the lockdown.
Challenges Faced:
Attendance : After the lockdown, the onsite attendance has not been the way it was before, but we are grateful that it greatly improved.
Staffing : As we recover from the pandemic, we had to lay-off some members of the staff.
Successes Achieved:
Online and Onsite Services : Both our Online and Onsite services have greatly improved both in numbers and quality. We are now experiencing the benefits of Online services which is turning be a great blessing and greatly impacting our Onsite attendance.
Destiny Team : We have a great team of volunteers who were tirelessly working behind the scenes to make the year a great success. This year we have seen many join the team to serve in any capacity and this is a great blessing. In fact, we are where we are because of how strong the team
Conference: Our annual “Destiny Conference”, themed, ‘Overflow’ was a great success. Many turned up online and onsite for the three days.
Carol service: Our Christmas Splendour (Carol service) was great. We had both the band and the children minister greatly. It was also a blessing to see the community join us in this event.
Welfare : We managed to cater to our congregants’ physical needs by providing food and financial help to those who were in need especially after the pandemic. We also donated food items to the community through the ‘Foodbank’. We also managed to help our international churches financially especially after the pandemic.
Concert : This year we had two concerts: ‘Alive Concert’ during Easter and ‘Destiny Concert’ during the conference. The turnout was amazing, and the atmosphere was great.
We look forward to a new year themed; “Build to Last”. We will empower God’s people with the Word and necessary materials that will help them to build a life that will last regardless of any challenges thrown to them.
Responsibilities and basis of preparation of the report
The trustees acting as the management committee are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and 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.
Signed on behalf of the trustees
……………………………….
Date ……………………………….
Bishop George Obare (Senior Pastor)
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DESTINY TEMPLE Reports and Accounts
for the year ended 31ST MARCH 2022 Independent Examiner's Report to the Trustees
I report to the trustees on my examination of the accounts of the above charity for the above period.
Responsibilities and basis of report:
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement:
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Alhassan Bangura FCCA AL Accounting Solutions Chartered Certified Accountants 21A Brighton Road South Croydon Surrey CR2 6EA
Date.....................................................
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DESTINY TEMPLE Reports and Accounts
Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31ST MARCH 2022
| Unrestricted Funds Notes £ Incoming resources: Voluntary Income 3 81,735 Gift Aid claims 22,204 Grant received 21,084 Total Incoming resources 125,023 Resources Expended Resources Expended 6 119,028 Total resources expended 119,028 Net Surplus / (Deficit) for the year 5,995 Opening Funds 301,834 Closing Funds 307,829 |
Total Total Funds Funds 2022 2021 £ £ 81,735 83,715 22,204 - 21,084 41,242 125,023 124,957 119,028 112,449 119,028 112,449 5,995 12,508 301,834 289,326 307,829 301,834 |
|---|---|
No restricted funds at the end of the year
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DESTINY TEMPLE Reports and Accounts
Balance Sheet as at 31ST MARCH 2022
| Tangible Fixed assets Freehold Buildings at cost Church Building Vicarage Building Other tangible Fixed Assets: Building Improvements Plant & Machinery Current assets Cash at Bank and in Hand Less: Creditors and Accruals Long term liabilities Mortgage Loan Net Asset REPRESENTED BY: Unrestricted Funds |
Notes 2 4 5 |
£ £ 120,000 350,000 470,000 26,260 30,665 56,925 8,736 (8,626) 110 (219,206) 307,829 307,829 307,829 2022 |
2021 £ 120,000 350,000 470,000 27,642 26,632 54,274 15,720 (9,419) 6,301 (228,741) 301,834 301,834 301,834 |
|---|---|---|---|
Accounts signed on behalf of the Board of trustees
……………………………….
Date ……………………………….
Bishop George Obare
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DESTINY TEMPLE Reports and Accounts
Notes forming part of the financial statements for the year ended 31ST MARCH 2022
1. Accounting policies
a) The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
b) Voluntary income is received by the way of donations towards religious tithes and offerings. Donations received is included in full in the Statement of Financial Activities in the year in which they are received.
c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
d) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows: - Building Improvements 5%
- Plant & Machinery 20%
e) Unrestricted funds are donations and other incoming resources received for the objects of the charity without further specified purpose and are available as general funds.
2. Other Tangible Fixed Assets
| Other Tangible Fixed Assets | ||
|---|---|---|
| Building Improvement £ Cost: As at 1 April 2021 37,065 Additions - As at 31ST MARCH 2022 37,065 Depreciation/Amortisation: As at 1 April 2021 9,423 Charge 1,382 As at 31ST MARCH 2022 10,805 Net Book Value: As at 31ST MARCH 2022 26,260 As at 1 April 2021 27,642 |
Plant & Machinery £ 110,409 11,699 122,108 83,777 7,666 91,443 30,665 26,632 |
Total £ 147,474 11,699 |
| 159,173 | ||
| 93,200 9,048 |
||
| 102,248 | ||
| 56,925 | ||
| 54,274 |
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DESTINY TEMPLE
Reports and Accounts
Notes forming part of the financial statements for the year ended 31ST MARCH 2022
| 3. Voluntary Income Tithe & offerings Partners donation Building fund 4. Creditors & Accruals Inland Revenue PAYE/NI Credit card balance Accruals 5. Vicarage Mortgage Loan Opening balance Repayments Interest charged Closing balance 6. Total Resources Expended Salaries & Wages Pension Cost Donations, welfare & honorarium Events and outreach programmes Vicarage Expenses Overseas Donations Utilities (Heat, Light & Water) Insurance & licences Building Improvement & maintenance Travelling & motor expenses Telephone & internet Printing, postage & stationery Sundry expenses Legal & professional fees Bookkeeping & accountancy fees Bank charges & Credit card interest Depreciation Total |
2022 £ 61,050 1,045 19,640 81,735 2,685 4,441 1,500 8,626 228,741 . (12,193) 2,658 219,206 2022 Total £ 72,824 840 2,617 351 2,658 6,978 4,065 4,039 3,828 2,748 1,040 344 3,317 1,979 2,014 338 9,048 119,028 |
2021 £ 60,201 1,691 21,823 83,715 708 6,371 2,340 9,419 229,032 (11,326) 11,035 228,741 2021 Total £ 60,757 1,384 9,841 3,315 11,035 2,035 3,088 3,638 133 2,911 864 320 2,232 665 1,507 611 8,113 112,449 |
|---|---|---|
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Registered Charity No: 1113679
DESTINY TEMPLE
Reports and Accounts Year ended: 31ST MARCH 2022
AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Surrey CR2 6EA
DESTINY TEMPLE Reports and Accounts Contents
| Page No | |
|---|---|
| 1 | Legal and administrative information |
| 2 | Trustees Report |
| 3 | Independent Examiner's Report to the Trustees |
| 4 | Statement of Financial Activities |
| 5 | Balance Sheet |
| 6-7 | Notes forming part of the financial statements |