REGISTERED CHARITY NUMBER: 1117475
Report of the Trustees and
Financial Statements
for the Year Ended 31 December 2020
for
The Dunamis Fellowship Trust
Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
The Dunamis Fellowship Trust
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
The Dunamis Fellowship Trust
Report of the Trustees for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Trust was granted charitable status on 05 January 2007 and is hereafter referred to as the DFT. The stated objects of the charity are expressed as the advancement of the Christian faith by:
1) Making disciples of Jesus Christ and
2) Educating and training Christian leaders, particularly - but not exclusively - those adhering to churches in the reformed tradition.
The Trust fulfils and delivers its objects through the ministry of The Dunamis Fellowship in Britain and Ireland, hereafter, referred to as the DFB&I.The Trust trustees have oversight, control, legal and spiritual authority over the DFB&I and all and any ministry activities which it manages and delivers. The whole organisation is a voluntary Fellowship into which people normally opt into on an annual basis. The DFB&I is the regional expression, covering the geographic area of the UK and Ireland, of the wider Dunamis Fellowship International around the world. The Trust has an expressed intent to co-operate with the Holy Spirit within the worldwide Dunamis Fellowship International whilst fulfilling its objects within its regional focus. The DFT and therefore the DFB&I does not exist solely for the benefit of the Fellowship itself but rather the benefit of all and any interested individuals, churches and organisations. Opting into the DFB&I is not a requirement for access to the DFT's ministry but rather is a voluntary response after partaking in the training offered. Then being inspired by God resulting in a wish to serve Him in a wider context as well as the local community. There are no membership fees or subscriptions since the DFT operates on a faith basis and therefore relies on donations to both maintain and develop its ministries.
The Trust deed gives the Trustees the authority and responsibility to administer the Trust's income and property pursuant to the Trust's objectives (see deeds 4.1). The DFT through the DFB&I currently operates training courses, makes grants where appropriate depending on available funding, and is developing new areas of project work and ideas within the Dunamis context. The deed allows the trustees to hold money in reserve for special projects and or against future expenditure.
Procedures and Policy for Grant Making
There were no grant requests that required the Trustees to meet and consider them.
ACHIEVEMENT AND PERFORMANCE
Achievements and Performance of the Trust
Through the year of 2020 the following events were delivered (In no specific order):-
*Annual Fellowship Gathering @ Kings Park, Northampton.
*Encounter Prayer & Healing Ministry delivered via Zoom as team training in November. East Anglia Track DP#1 Feb-Mar 2020.
*COVID-19 and UK Lockdown.
Prevented many face-to-face activities throughout the year. This meant the volunteer leaders who would normally work at these events were re-directed and trained in delivering training events via Zoom.
FUTURE PLANS
In 2020 the Trust plans to continue running retreats and events as previously described with continuing discernment as to the viability of starting new tracks and ventures consistent with its charitable objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Management and Governance Arrangements
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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The Dunamis Fellowship Trust
Report of the Trustees for the Year Ended 31 December 2020
The DFT trust deed provides for a maximum of 5 trustees, a quorum for meetings is 3 and motions are carried by simple majority with the Chair having a 2nd 'casting vote' should there be a tie. In the event of Trustee resignation(s), new Trustee(s) are identified and appointed by the remaining Trustees in consultation with PRMI (Presbyterian Reformed Ministries International). This provides an essential external check for the DFT and forms part of the Trust deed clause 4.2 the wording of which can be found in supplemental deed dated 15th December 2006. One of the existing Trustees, normally the Chair, is responsible for new Trustee induction.
The Trustees regularly review current and potential risks to the charity, these included the following:
Cash Flow. Core Costs. Records held on a Secure Cloud Platform. On-Line Accounting software security. Retreat and Event insurance: a) Public Liability b) Professional Indemnity Retreat and Event Health and Safety. *The development of Advanced Training Courses delivered in the UK or online using the Dunamis Institute.
*Safeguarding and GDPR compliance.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1117475
Principal address
8 Hazel Close Birdcage Farm Plymouth Devon PL6 6HL
Trustees
C James Reverend Dr Z B Long Reverend C Strickler C Purchase Reverend B Fidder
Independent Examiner
Mr Ian Sheppard Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
Bankers
Barclays Bank 737 Barking Road London E13 9PL
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The Dunamis Fellowship Trust
Report of the Trustees for the Year Ended 31 December 2020
FINANCIAL REVIEW, INVESTMENT POLICY AND RESERVES
The Trust operates two accounts:
-
Barclays Bank: one community current account
-
Paypal: one online/web account
The Trust ended the 2020 year with an income over Expenditure of £(5,605) (2019 = £(773)).
The governance costs of the charity at £2,610 represented approx. 5.4% of income and was the cost of accounts examination and the provision of online accounts software allowing multiple users at different locations for data input. There were no trustee governance costs during the year nor did any trustee receive remuneration or benefit.
25 Oct 2021 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ C James - Trustee
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Independent Examiner's Report to the Trustees of The Dunamis Fellowship Trust
Independent examiner's report to the trustees of The Dunamis Fellowship Trust
I report to the charity trustees on my examination of the accounts of The Dunamis Fellowship Trust (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Act and in carrying out my examination I have followed all 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 giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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.
Mr Ian Sheppard Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
Date: ............................................. 27 Oct 2021
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The Dunamis Fellowship Trust
Statement of Financial Activities for the Year Ended 31 December 2020
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 23,960 - Charitable activities Retreats & events 22,626 - Other income 1,951 - Total 48,537 - EXPENDITURE ON Charitable activities Retreats & events 42,932 - NET INCOME/(EXPENDITURE) 5,605 - RECONCILIATION OF FUNDS Total funds brought forward 20,094 - TOTAL FUNDS CARRIED FORWARD 25,699 - |
2020 Total funds £ 23,960 22,626 1,951 48,537 42,932 5,605 20,094 25,699 |
2019 Total funds £ 40,504 35,630 1,944 78,078 78,851 (773) 20,867 20,094 |
|---|---|---|
The notes form part of these financial statements
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The Dunamis Fellowship Trust
Balance Sheet 31 December 2020
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Debtors 5 2,455 - Prepayments and accrued income 4,836 - Cash at bank 29,800 - 37,091 - CREDITORS Amounts falling due within one year 6 (11,392) - NET CURRENT ASSETS 25,699 - TOTAL ASSETS LESS CURRENT LIABILITIES 25,699 - CREDITORS Amounts falling due after more than one year 7 - - NET ASSETS 25,699 - FUNDS 8 Unrestricted funds TOTAL FUNDS |
2020 Total funds £ 2,455 4,836 29,800 37,091 (11,392) 25,699 25,699 - 25,699 25,699 25,699 |
2019 Total funds £ 2,974 4,503 22,731 30,208 (6,852) 23,356 23,356 (3,262) 20,094 20,094 20,094 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 25 Oct 2021 ............................................. and were signed on its behalf by:
............................................. C James - Trustee
The notes form part of these financial statements
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The Dunamis Fellowship Trust
Notes to the Financial Statements for the Year Ended 31 December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33.3% Straight Line
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Where residual balances remain, the trustees utilise any amounts on expenditure of a similar nature.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
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The Dunamis Fellowship Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
2. TRUSTEES' REMUNERATION AND BENEFITS - continued
Trustees' expenses
During the year, the charity did not incur any expenditure relating to trustees' expenses (2018 - nil).
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| fund | fund | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 40,504 | - | 40,504 | |
| Charitable activities | ||||
| Retreats & events | 35,630 | - | 35,630 | |
| Other income | 1,944 | - | 1,944 | |
| Total | 78,078 | - | 78,078 | |
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| Retreats & events | 78,851 | - | 78,851 | |
| NET INCOME/(EXPENDITURE) | (773) | - | (773) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 20,867 | - | 20,867 | |
| TOTAL FUNDS CARRIED FORWARD | 20,094 | - | 20,094 | |
| 4. | TANGIBLE FIXED ASSETS | |||
| Plant and | ||||
| machinery | ||||
| £ | ||||
| COST | ||||
| At 1 January 2020 and 31 December 2020 | 504 | |||
| DEPRECIATION | ||||
| At 1 January 2020 and 31 December 2020 | 504 | |||
| NET BOOK VALUE | ||||
| At 31 December 2020 | - | |||
| At 31 December 2019 | - |
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The Dunamis Fellowship Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| £ | £ | |||
| Trade debtors | 131 | 482 | ||
| Tax | 2,324 | 2,492 | ||
| 2,455 | 2,974 | |||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Trade creditors | - | 824 | ||
| Other creditors | 11,392 | 6,028 | ||
| 11,392 | 6,852 | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Other creditors | - | 3,262 | ||
| 8. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.20 | in funds | 31.12.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 20,094 | 5,605 | 25,699 | |
| TOTAL FUNDS | 20,094 | 5,605 | 25,699 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 48,537 | (42,932) | 5,605 | |
| TOTAL FUNDS | 48,537 | (42,932) | 5,605 |
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The Dunamis Fellowship Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.19 | in funds | 31.12.19 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 20,867 | (773) | 20,094 |
| TOTAL FUNDS | 20,867 | (773) | 20,094 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 78,078 | (78,851) | (773) |
| TOTAL FUNDS | 78,078 | (78,851) | (773) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.19 | in funds | 31.12.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 20,867 | 4,832 | 25,699 |
| TOTAL FUNDS | 20,867 | 4,832 | 25,699 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 126,615 | (121,783) | 4,832 |
| TOTAL FUNDS | 126,615 | (121,783) | 4,832 |
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The Dunamis Fellowship Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
9. RELATED PARTY DISCLOSURES
The Charity had no transactions with related parties other than on an arm's length basis.
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The Dunamis Fellowship Trust
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Non Gift Aided | 7,502 | 23,260 |
| Gift aided | 13,166 | 13,763 |
| Tax Credit | 3,292 | 3,481 |
| 23,960 | 40,504 | |
| Charitable activities | ||
| Retreats & events fees | 22,626 | 35,630 |
| Other income | ||
| Miscellaneous receipts | 1,951 | 1,944 |
| Total incoming resources | 48,537 | 78,078 |
| EXPENDITURE | ||
| Charitable activities | ||
| Venue & accommodation hire | 21,103 | 39,265 |
| Training courses & manuals | 1,122 | 937 |
| Travel & journey accommodation | 3,242 | 6,992 |
| Event refreshments | - | 280 |
| Insurance | 1,348 | 1,643 |
| Sundry costs | 648 | 902 |
| Project bank & money charges | 104 | 230 |
| Licences & permits | 122 | 117 |
| DBS checks | 120 | 120 |
| Payroll costs | 3,177 | 1,064 |
| Grants to institutions | 9,336 | 24,371 |
| Grants to individuals | - | 750 |
| 40,322 | 76,671 | |
| Support costs | ||
| Governance costs | ||
| Software & maintenance | 1,410 | 1,080 |
| Accountancy and legal fees | 1,200 | 1,100 |
| 2,610 | 2,180 | |
| Total resources expended | 42,932 | 78,851 |
| Net income/(expenditure) | 5,605 | (773) |
This page does not form part of the statutory financial statements
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