This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2020-12-31-accounts

			Page
Trustees'	annual report
Independent examiner's report to the trustees
Statement	offinancial	activities
Statement	offinancial	position
Notes to the financial		statements	10

Registered	Registered	charity	name	DESTINY INTERNATIONAL	CHRISTIAN ASSEMBLY
Charity	registration		number	1124464
Principal	office			95Camberwell Station Road
				Camberwell
				LONDON
				SE59JJ
The trustees
				Pastor Preowei Ovia
				Dr. Yaya Obozua
				Pastor Moses Ekhuemelo
				Mr. Blessing A. Joseph
				Rev. Mrs Tinuade Ovia

Year ended 31 Dece	mber	20	20
					2020		2019
				Unrestricted	Restricted
			Note	funds 6	funds	Total funds f	Total funds 8
Income and endowments
Donations and legacies			4	214,740	63,613	278,353	228,647
Other trading activities			5		9,600	9,600	15,098
Investment income			6	1,082	101	1,182	325
Total Income				215,822	73,314	289,135	244,070
Expenditure
Expenditure on raising funds:
Costs of raising donations		and
legacies			7	166,677	3,167	169,844	173,656
Expenditure on charitable	activities		8,9	2,074	1,452	3,524	3,827
Total expenditure				168,751	4,619	173,368	177,483
Net income and net movement		in	funds	47,071	68,695	115,767	66,587
Reconciliation offunds
Total funds brought forward				740,946	266,172	1,007,118	924,176
Total funds carried forward				788,017	334,867	1,122,884	990,763

31 December 20	20
		Note	2020 f	2019
Fixed assets
Tangible fixed assets		14	51,681	54,617
Current assets
Debtors		15	20,000	20,000
Investments		16	10,300	10,300
Cash at bank and in	hand		1,049,006	919,254
			1,079,306	949,554
Creditors: amounts	falling due within one year	17	8,102	13,408
Net current assets			1,071,204	936,146
Total assets less current liabilities			1,122,884	990,763
Net assets			1,122,884	990,763
Funds ofthe charity
Restricted funds			334,867	167,511
Unrestricted funds			788,017	823,252
Total charity funds		19	1,122,884	990,763

Donatio	ns and legacies
		Unrestricted	Restricted	Total Funds
		Funds f	Funds	2020
Donations
Donations		164,824	36,734	201,558
Gift Aid	Claims	46,637		46,637
Gift Aid	Donations	3,279		3,279
Building	Fund		26,879	26,879
		214,740	63,613	278,353
		Unrestricted	Restricted	Total Funds
		Funds	Funds 6	2019 f
Donations
Donations		137,868	83,690	221,558
Gift Aid	Claims
Gift Aid	Donations	4,678		4,678
Building	Fund		2,411	2,411
		142,546	86,101	228,647

Other trading ac	tivities
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		6	6	f
Bookshop income
Rental income			9,600	9,600
			9,600	9,600
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2019
				6
Bookshop income		5,498		5,498
Rental income		9,600		9,600
		15,098		15,098
Investment income
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
			6
Bank interest receivable		82	101	182
Other investment	income	1,000		1,000
		1,082	101	1,182

						Unrestricted	Restricted	Total Funds
						Funds f	Funds	2019
	Bank interest	receivable				145	179	325
	Other investment		income
						145	179	325
7.	Costs of raising		donations		and legacies
						Unrestricted	Restricted	Total Funds
						Funds	Funds f	2020 f
	Costs of raising		donations	and legacies		148,331	1,795	150,126
	Costs of raising		donations	and legacies		14,250	1,372	15,622
	Costs of raising		donations	and legacies		4,096		4,096
						166,677	3,167	169,844
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2019
								f
	Costs of raising		donations	and legacies		147,681		147,681
	Costs of raising		donations	and legacies		16,810	4,656	21,466
	Costs of raising		donations	and legacies		4,349	160	4,509
						168,840	4,816	173,656
8.	Expenditure	on	charitable		activities by fund type
						Unrestricted	Restricted	Total Funds
						Funds f	Funds f	2020 f
	Support costs					2,074	1,452	3,524
						Unrestricted	Restricted	Total Funds
						Funds	Funds f	2019
	Support costs					2,078	1,748	3,827

Yea	r ended 31		December	December	December	2020	2020
9.	Expenditure		on charitable			activities		by activity type
										Total funds	Total fund
								Support costs f		2020 F	2019 6
	Bank Charges								1,824	1,824	2,128
	Governance	costs							1,700	1,700	1,699
									3,524	3,524	3,827
10.	Net income
	Net income is		stated after		charging/(crediting):
										2020 f	2019 5
	Depreciation	oftangible		fixed assets						2,936	3,067
11.	Independent		examination			fees
										2020 6	2019 f
	Fees payable		to the independent				examiner for:
	independent	examination			ofthe financial statements					1,700	1,700
12.	Staff costs
	The total staff		costs and	employee			benefits for the reporting		period are	analysed as	follows:
										2020 f	2019
	Wages and salaries									73,000	73,000
	Social security		costs							3,661	4,707
	Employer contributions			to	pension		plans			2,037	1,278
										78,698	78,985

14.	Tangible fixed asset	s
			Freehold	Fixtures and	Motor
			property	fittings	vehicles	Total
			F	F	6	6
	Cost
	At 1 January 2020 and
	31 December 2020		40,644	56,210	4,903	101,757
	Depreciation
	At 1 January 2020			42,750	4,390	47,140
	Charge for the year			2,423	513	2,936
	At 31 December 2020			45,173	4,903	50,076
	Carrying amount
	At 31December 2020		40,644	11,037		51,681
	At 31 December 2019		40,644	13,460	513	54,617
15.	Debtors
					2020	2019
	Other debtors				20,000	20,000
16.	Investments
					2020	2019
	Other investments				2,800	2,800
	Other investments				7,500	7,500
					10,300	10,300
17.	Creditors: amounts	falling due within one year
					2020	2019 f
	Trade creditors				1,639	1,700
	Accruals and deferred		income		1,700	7,899
	Social security and other taxes				4,763	3,809
					8,102	13,408

IJnrestrl	cte	d funds
				At			At
			I	January 202		31 December
				0 6	Income	Expenditure F	2020 f
General	funds			740,946	215,822	(168,751)	788,017
				At			At
			I	January201			31 Decemb
				9	Income	Expenditure	er2019
					F
General	funds			836,381	157,789	(170,918)	823,252
Restricted		funds
				At			At
			I	January 202		31 December
				0	Income E	Expenditure 6	2020 f
Restricted		Fund		266,172	73,314	(4,619)	334,867
				At			At
			IJanuary201				31 Decemb
				9 f	Income	Expenditure	er 2019
Restricted		Fund		87,795	86,280	(6,564)	167,511