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