CHARITY REGISTRATION NUMBER: 1121994 DAUGHTERS OF DESTINY INTERNATIONAL Unaudited Financial Statements 30 September 2023 HUA EFUE & CO Chartered accountants Unit 16, Brockley Cross Business Centre 96 Endwell Road LONDON SE4 2PD
DAUGHTERS OF DESTINY INTERNATIONAL Financial Statements Year ended 30 September 2023 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities statement of financial position Notes to the financial statements
DAUGHTERS OF DESTINY INTERNATIONAL Trustees. Annual Report Year ended 30 September 2023 The Iruslees present their report and the unaudited financial statements of the charity for th• year ended 30 September 2023. Reference and admlnlstratlve details Registered charity name DAUGHTERS OF DESTINY INTERNATIONAL Charity registration nurnber 1121994 Princlp81 office 95 Camberwell Station Road CaMbeell LONDON SE5 9JJ The trustees Abimbola Oladigbolu Cordelia Obozua Patricia Ekhumelo Preowei Ovia Tlnuade Adebisi Ovia Independent examlner Joshua Efue FCCA
Structurei governance and managemènt Governlng Document Daughters of Destiny IDODlis governed by ils Declaration of Trust dated 12 October 2006 Organlsatlonal Structure The organisalional structure of the Charity consists of the Trustees who determine the policies of the harity. Governance and Management The Chlef Execullve appoints members of the Iruslees, with full conslderalion given to the requ1remenls of proven christian faith and any special skills needed towards Ihe advancement of the charlly's objectives.
DAUGHTERS OF DESTINY INTERNATIONAL Trustees, Annual Report (continuedj Year ended 30 September 2023 Objectives and activities 1. To advance the Christian Faith in aGcordan¢e with the slalemenl of beliefs in such ways and in such parts of the United Kingdom or the world as the Trustees from time lo tlme think fil. 2. To advance education in accordance with Chrlsllan prlnciples by such means as the Trustees may consider appropriate including the provislon of vocational and non-vocalional training to women of all ages in such parts of the United Klngdom or the World as Ihe Trustees from lime lo time may think fil. 3. To fulfill such other purposes whlch are exclusively charitable according lo the law of England and Wales and are connected with the charitable work of the Charity in such ways and in such parts of the United Kingdom or the World as Ihe Truslegs from lime to lirne may think fil. 4. The Trustees musl use the Income and may use the capital of th6 Charity lo further the oblecls.
DAUGHTERS OF DESTINY INTERNATIONAL Trustees. Annual Report Icontlnuedl Year ended 30 September 2023 Achievements and parformanco 1. The "Daughters Of Destiny conference alw8ys known as {DOD) is our annu21 international and inler-denomin81ional gathering of women who knows God has called them lo be parl of HIS heavenly kingdom and for those that are seeking to know God spiritually. Women and young ladles who ar8 peculiar and mindful because they know that they have been created for significance, called to royally and that can make the difference with God Jesus Christ This is Ihe ultimate purpose. 2. DOD 2023 Conference themed "FRESH AND FLOURISHING" is our 24th year annivgrsary celebration that was held al lovely High Leigh Conference Centre, Hoddesdon in the serenity of Hertfordshir8. 3. As il away resldenli81 weekend, the uniqueness and the designad, added values and purpose lo all that attended. Parlicipanls as always from London, 8irmingham, Newca8Ue, Slevenage, Mllton- Keynes, Texas USA, Mall8, Nigeria, Hong-Kong, Canada, and Phlllpplnes. 4. DOD 2023 was an avenue that all womenlladies lapped Into, for deep de5ir6 lo see, lo know and pul lo Ihelr pracllcal daily lifestyles Women who have been mlghlily touched, transformed, and equlppe lo become vessels that will carry the love of Je$u$ Chrlst Into a broken and hurting world. Thls dynamlc minlslry under the leadershlp of Ihe hosuconvener, Pastor fina Ovia, has insplred many women, empowgring them lo fulfll their God glven and ordalned abilllies. 5. These two day event, transformed many Ilve8 that ar8 now walklng in vl¢lorles In varlous areas of Ihelr Ilve5. 11 brought 51berallon into the live$ of women in a 5pe¢ial anointlng and mlracle worshlp service with guest speakers and guest arlist - M. Obozua and group (This Ilve worshlp band group always deliver, year in year oull wllh powerful, inspirlng lgachlngs and prophellc word. Ilfe changlng Inler-aclive seminars, healing minislralion$ and prayer support, faith lifllng lasllmonles, live insplring worship sessions and nelworklng opportunitie8 workshops. 6. The uniqueness of DOD conference as always been cross%enerational Ifamllles, women, youth & slngles, t$¢nagers) brlnglng women of d5fferenl ages and calibre together and God minlslered lo all, it 18 an all-en¢ompassing event. Below are other mini events that look place prior lo the maln august event every year. 7. DOD "Molhers Al War 2023 look place early on in the year, on the 21 sl January 2023. Always the third Saturday in the flrst month of the year. This is a very valuable programme that is purposefully designed lo engage In spiritual warfare prayers for our family and loved ones. A closel where as individuals we revlew our life insurance policy with God and luck ourselves and family securely undgr the shadow of His mighty wings. Thi5 is geared to settlin9 destinies. especially for our children, contending in fervent prayers for futuro generations hiding our entire household securely in the STRONG TOWER, pulling a slop lo every salaniG assignment orchestrated against us and to celebrate our vlclorles.
DAUGHTERS OF DESTINY INTERNATIONAL Trustees. Annual Report (continuedl Year ended 30 September 2023 8. DOD Breakfast" themed "My Best fof the Most High" was arK)Iher mini conferencelseminar again always held mld-year In the month of May (Saturday 20th ) with a difference every year, where spiritual, somallc, and social themes are addressed. It was svGh an interactive {Bible quiz) and impressive lime of fellowshlp, sharlng and prayer among women, the Millennials and Gen Z groups. 9. These different programmes are geared towards encouraging women for their supportive roles to their family - husbands, children, work Ilfe and community al large by considering working into accomplishing and lo becomo full-fledged. R8lslng godly family{sl as their primary role for pea¢eful community, and nation at large through the demon51ratlon of God's love and resources. Flnanclal revlgw The Charity made a surplus of £35,161 durlng the ye?r.Total funds been c8rrled forward for the year is a surplus of £71,595. The Iruslees, annu81 report was approved on 12 June 2024 and signed on behalf of the board of Iruslees by.. Tlnuada Trustee
DAUGHTERS OF DESTINY INTERNATIONAL Independent Examiner's Report to the Trustees of DAUGHTERS OF DESTINY INTERNATIONAL Year ended 30 September 2023 I report lo the trustees on my examinalioTI of the financial statements of DAUGHTERS OF DESTINY INTERNATIONAL I'lhe charily'l for the year ended 30 September 2023. Responslbllltle5 and ba51s of report Joshua Efue FCCA Independent examiner's statement I have Completed my examination. I confirm that no material mallers have come lo my attenllon In connection with the examination giving me cause lo believe that in any maleTlal respect.. accounting records wer& not kept in respect of the charity a5 required by section 130 of the Act., or the flnancial statements do not accord with those records,. or the financial slalemenls do not comply wllh the appllcable requirements concernir¢g the form and conleNI of accounts sel out In the Charllies (Accounts and Reports) Regulallons 2008 other than any requlremanl that the accounts give a 'true and fair, view which is not a maller considered as parl of an Independent examinatlon. I have no Goncerns and have come a¢r08s no other mallers In connecllon with the examination to which allenllon should be drawn in Ihls reporl in order lo enable a proper understanding of the accounts lo b8 reaGhed. Joshua Efue FCCA Independent Examiner Joshua Efue & Co Chartered CertSfied Accountants Unll 16, Brockley Cross Business Centre 96 Endwell Road LONDON SE4 2PD 14 June 2024
DAUGHTERS OF DESTINY INTERNATIONAL Statement of Financial Activities Year ended 30 September 2023 2023 Unrestricted funds Total funds Total funds 2022 InGom¢ and endowments Donations and legacies Investment income 37,268 35 37,268 35 19,786 Total Income 37,303 37,303 19,788 Expenditure Expenditure on raislng funds.. Costs of ralslng don8llons and legacles Total 8xpendlture 2,142 2,142 2,142 2,142 23,888 23,888 Net Incomellexpendlture} and ngt movement In fund¥ 35,161 35,161 (4,100} Reconclllatlon of funds Total funds brought forward Total funds carrled forward 36,434 36,434 71,595 40,534 36,434 71.595 The $tslemenl of flnancial acllvllles Include8 all gains and losse5 reGognlsed In the year. All income and expendllure derlve from ¢onlinuing aclivllies. The notes on pages 8 to 11 form part of these flnancial statÈmènts.
DAUGHTERS OF DESTINY INTERNATIONAL statement of Financial Position 30 September 2023 2023 2022 Note Current assets Cash at bank and in hand 71,595 36,434 Net currant asséts 71,595 36.434 Total assetslgss Gurrent Ilabilitles 71,595 36,434 Funds of the charity Unreslricled funds 71,595 71,595 36,434 36,434 Total charlty funds Thase flnanclal slalemenls were approved by the boafd of trustees and aulhori$ed for i88ue on 12 June 2024. and are sSgned on behalf of the board by.. Tinuadg Ovia Trust$6 Th¢ not¢¥ on page5 8 to 11 forwn part of these financial statements.
DAUGHTERS OF DESTINY INTERNATIONAL Notes to the Financial Statements Year ended 30 September 2023 General Infomiation The charity is a public benefit er¢lily and a registered charity in England and Wales and Is uniNcorporated. The addres8 of the principal oflice is 95 Camberw¢ll Slalion Road, Camberwell, LONDON, SE5 9JJ. statement of complianGg These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republi¢ of Ireland,. the Sialemenl of Recommended Practice applicable to charities preparing Iheir accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelarbd IFRS 1021 {Charilies SORP IFRS 10211 and the Charities Act 2011. AcGountlng pollcles 8481$ of preparation The financlal $lalemenls have been prep8red on the historical cost basis, as modified by the revaluation of ¢¢r18in fin8ncial assets and liabilities and investment properties measured at fair value through income or expenditure. The financlal statements are prepared In sterling, which is the funcllonal currency of the entity. Golng concgrn There are no malerlal uncerlaln1185 about tha charills abillty lo conllnue. Judgements and k¢y $oure&s of estlmatlon uncertalnty Fund accountlng Unreslrlcted funds are available for use at the discretion of the trustees lo further any of the charivs purposes. Designated funds are unreslrlcled funds earmarked by the Iruslegs for parlicular future project or commitment. Reslrlcled funds are sublected lo reslriclions on their expenditure declared by the éonor or through the terms of an appeal. and fall into one of two sub-classes.. reslricled income funds or endowment funds.
DAUGHTERS OF DESTINY INTERNATIONAL Notes to the Financial Statements (contlTru8 Year ended 30 September 2023 Accountlng pollcies (contlnu•d} Incoming resour8 All incoming resources are included in the statement of financial acllvilies when enlillement has passed to the charity.. Il is probable that the economic benefits associated with the Irarnsaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants Is reGognised when there is evidence of enlillement to the gift, receipt Is probable and Its amount ¢an be measured reliably. legacy Income is recogni$ed when receipt is probable and entitlement 15 established. Income from donated goods is measured at the fair value of the goods unless Ihls Is irnpraclical lo measure reliably, in which caso the value is derived from the cost lo the donor or the eslimaled resale value. Donated facililiea and servlces are recognlsed In the accounts when received if the value can bé reliably measured. No amounts are In¢luded for the conlribullon of general volun169rs. Sncome from contracts for the supply of servlces is recogn18ed with the dellvery of the contracted service. Thls is classlfled as unreslricled funds unless there is a conlraclual requirement for il lo be spent on a parti¢ular purpose and returned if unspent, in which case il may be regarded a5 reslrlcled. Resour¢o8 expended Exp•ndilure is recognlsed on an accruals ba8is 85 a liability Is incurred. Expendlture includes any VAT which c8nnol be fully recovered, and is classified under headlngs of the slal¢menl of financial acllvllies to whi¢h11 ralates.. expendlture on ralsing funds includes the costs of all fundraising acllvllles, events, non- ¢harll?ble Iradlng arllvilie$, and the sale of donated goods. expenditure on charitable activities iA¢ludes all costs Incurred by 8 charity in undertaking activities that further ils charitable aims for the benefit of Ils beneficiarles, including those Support costs and costs relating lo tho governance of the charity apportioned lo charitable aclivlties. other expenditure includes all expendllure that is neither related to raising fund5 for the charSly nor part of It5 expenditure on charitable actlvilles. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs allribulable lo a single aclivily are allocated directly lo that activity. Shared costs are apportioned beeen the aclivilies they contribute to on a rea80nable, ju81ifiable and consistgnl b351S. Flnanclal instruments A linancial asset or a financial118billty Is recognised only when the chafily becomes a party lo the contractual provisions of the inslrumenl. Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs.
DAUGHTERS OF DESTINY INTERNATIONAL Notes to the Financial Statements fcontlnued) Year ended 30 Septamber 2023 Accountlng pollcles (contlnu8d) Flnanclal Snstruments (contlnued) Current assets and current Ilabililies are subsequently measured at the cash or other consideTatlon expected lo be paid or received and not discounted. Debt inslrumernl8 are subsequently measured at amortlsed cost. Where Investments in share5 are publicly traded or thelr falr value ¢an otherwise be measured reliably, the investment is subseqJenlly measured at farr value with changes in fair value recognised in Income and expenditure. All other Such inveslmenl$ are subsequently measured al cost less Impalrment. Other linancial instrumen15, InGluding derivatives. are Inllially recognised al fair value, unless payment for an asset is deferred beyond normal busin88s terms or financed al a rale of interest that is not a market rate, in which case the asset is measured al the present value of the future payments discounted al a market rale of interest for a simllar debt in51rumenl. Olh9r financial instruments are subsequently measured al fair value, with any ¢hang¢$ recognised in the statement of financlal acllvllles, with the excepllon of hedging in$lrumenl$ in a designalod hedging relallonship. FlnanGial assets Ihal are measured al c081 or amortised c051 are reviewed for objective evidence of Impalrmenl al the end of each reporting dale. If there is objective evidence of Impairment. an impairment loss is re¢ognised under th8 appropriate heading in the statement of financial aGlivllles in whlch the initial galn was recogni5ed. For all equlty instruments regardless of significance, and other flnan¢ial assets that are individually slgnlflc2nl, these are assessed individually for lrnpairmenl. Other flnancial assets are either assessed Indlvldually or grouped on the basls of slmilar Gredll rlsk ¢haraclerl8lics. Any reversals of Smpairmenl are recognised Immediately, lo the extent that the reversal does not result in a carrying amount of the flnancial as5el that exceeds what the carrylng arnounl would have been had the impalrm8nl not previously b¢•n recognlsed. Donatlons and legacles UnreslriGled Total Funds Unrestrlcled Total Funds Funds 2023 Funds 2022 Donations Donations type 37,268 37.268 19,786 19,786 Investment income Unrestricted Total Funds Unreslricled Total Funds Funds 2023 Funds 2022 Bank interest receivable 35 35 10
DAUGHTERS OF DESTINY INTERNATIONAL Notes to the Financial Statements (contlnu8d) Year ended 30 September 2023 Costs of ralslng donations and legacigs Unrestricted Total Funds Unrestrlcled Total Funds Fund5 2023 Funds 2022 Costs of raising donations and legacies 2,142 2,142 23.888 23,888 Staff cost$ The average head ¢ounl of employees durlng the year was 2 (2022.. Nil). No employee recelved employee beneflts of more than £60,000 durlng the year12022-. Nill. Trustee remuneratlon and expensgs No Tru81ee recelvgd rumuneratlon. Analy$l$ of charltablè funds Unréstrlctod funds Al 1 October 202 At 30 Septembe r 2023 Income Expendllure General funds 36,434 37,303 12,142) 71,595 At 1 October 202 Al 30 September 2022 Income Expendllure General funds 40,534 19,788 123,8881 36,434 11