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

PDF
Markdown

2021-12-31-accounts

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

Registered	Registered	charity	name	DESTINY INTERNATIONAL	DESTINY INTERNATIONAL	DESTINY INTERNATIONAL	CHRISTIAN ASSEMBLY
Charity	registration		number	1124464
Principal	office			95 Camberwell	Station Road
				Camberwell
				LONDON
				SE59JJ
The trustees
				Pastor Preowei	Ovia
				Dr. Yaya Obozua
				Pastor Moses Ekhuemelo
				Mr. Blessing A.	Joseph
				Rev. Mrs Tinuade		Ovia
Independent		examiner		Mr Joshua Efue FCCA
Bankers				CAF Bank
				25 Kings Hill Avenue
				West Mailing
				KENT
				ME194JQ
				HSBC pic
				22 Stamford Street
				Blackfriars
				LONDON
				SE1 9LJ

					2021		2020
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note	F
Income and endowments
Donations and legacies			4	124,254	82,686	206,940	278,353
Other trading activities			5		9,600	9,600	9,600
Investment income			6	1,512	16	1,528	1,182
Total income				125,766	92,302	218,068	289,135
Expenditure
Expenditure on raising funds:
Costs of raising donations		and
legacies			7	175,870	1,800	177,670	169,844
Expenditure on charitable	activities		8,9	2,251	1,533	3,785	3,524
Total expenditure				178,121	3,333	181,455	173,368
Net income and net movement		in	funds	(52,355)	88,969	36,613	115,767
Reconciliation offunds
Total funds brought forward				856,712	266,172	1,122,884	1,007,118
Total funds carried forward				804,357	355,141	1,159,498	1,122,884

			Note	2021 f	2020 F
Fixed assets
Tangible fixed assets			14	49,695	51,680
Current assets
Debtors			15		20,000
Investments			16	30,300	10,300
Cash at bank and	in	hand		1,084,788	1,049,006
				1,115,088	1,079,306
Creditors: amounts		falling due within one year	17	5,285	8,102
Net current assets				1,109,803	1,071,204
Total assets less	current liabilities			1,159,498	1,122,884
Net assets				1,159,498	1,122,884
Funds ofthe charity
Restricted funds				355,141	334,867
Unrestricted funds				804,357	788,017
Total charity funds			19	1,159,498	1,122,884

							Unrestricted	Restricted	Total Funds
							Funds f	Funds f	2021 6
	Donations
	Donations						120,012	52,918	172,930
	Gift Aid	Claims
	Gift Aid	Donations					4,242		4,242
	Building	Fund						29,768	29,768
							124,254	82,686	206,940
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2020
							k	F	F
	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
5.	Other trading			activities
						Restricted	Total Funds	Restricted	Total Funds
						Funds	2021 F	Funds f	2020
	Rental	income				9,600	9,600	9,600	9,600
6.	investment		income
							Unrestricted	Restricted	Total Funds
							Funds 6	Funds f	2021
	Bank interest		receivable				12	16	28
	Other investment				income		1,500		1,500
							1,512	16	1,528
							Unrestricted	Restricted	Total Funds
							Funds 8	Funds 6	2020 f
	Bank interest		receivable				82	101	182
	Other investment				income		1,000		1,000
							1,082	101	1,182

Yea	r ended 31 December	r ended 31 December	r ended 31 December	r ended 31 December	2021	2021
7.	Costs ofraising donations				and legacies
						Unrestricted	Restricted	Total Funds
						Funds f	Funds f	2021 E
	Costs of raising donations			and legacies		155,036	1,800	156,836
	Costs of raising donations			and legacies		16,752		16,752
	Costs of raising donations			and legacies		4,082		4,082
						175,870	1,800	177,670
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2020
							6
	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
8.	Expenditure		on charitable		activities	by fund type
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2021
						5	6	E
	Support	costs				2,251	1,533	3,785
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2020
						6	6
	Support	costs				2,074	1,452	3,524
9.	Expenditure		on charitable		activities	by activity type
							Total funds	Total fund
						Support costs 6	2021 f	2020 f
Bank	charges					1,985	1,985	1,824
Governance		costs				1,800	1,800	1,700
						3,785	3,785	3,524
10.	Net income
	Net income is		stated after charging/(crediting):
							2021	2020
							F	F
Depreciation		oftangible fixed assets					1,987	2,936

Staffcos	ts
The total	staff costs and	employee	benefits for the reporting	period are analysed as	follows:
				2021	2020 f
Wages and salaries				73,000	73,000
Social security costs				3,637	3,661
Employer	contributions	to pension	plans	1,567	2,037
				78,204	78,698

14.	Tangible fixed ass	et	s
				Freehold	Fixtures and	Motor
				property f	fittings f	vehicles	Total
	Cost
	At 1 January 2021	and
	31 December 2021			40,644	56,210	4,903	101,757
	Depreciation
	At 1 January 2021				45,173	4,903	50,076
	Charge for the year				1,987		1,987
	At 31 December 2021				47,160	4,903	52,063
	Carrying amount
	At 31 December 2021			40,645	9,050		49,695
	At 31 December 2020			40,644	11,036		51,680
15.	Debtors
						2021	2020
						f
	Other debtors						20,000
16.	Investments
						2021	2020
							6
	Other investments					2,800	2,800
	Other investments	- Long term				27,500	7,500
						30,300	10,300
17.	Creditors: amounts		falling due within one year
						2021	2020 f
	Trade creditors					674	1,639
	Accruals and deferred			income		4,464	1,700
	Social security and	other taxes				147	4,763
						5,285	8,102

								At 31
			At 1 January					December
					2021 E	income 6	Expenditure E	2021 f
General funds				856,712		125,766	(178,121)	804,357
								At
								31
			At 1		January			December
					2020	Income 9	Expenditure f	2020 f
General funds				740,946		215,822	(168,751)	788,017
Restricted	funds
								At 31
			At	1 January				December
					2021	Income f	Expenditure F	2021 E
Restricted	Fund	1 - desc in a/cs		266,172		92,302	(3,333)	355,141
								At 31
			At 1		January			December
					2020 E	Income E	Expenditure f	2020
Restricted	Fund	1 - desc in a/cs		266,172		73,314	(4,619)	334,867