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2022-12-31-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			95 Cambeiweii 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

					2022		2021
				Unrestricted	Restricted
			Note	funds	funds	Total funds E	Total funds f
Income and endowments
Donations and legacies			4	216,193	106,570	322,763	206,940
Other trading activities			5		9,600	9,600	9,600
Investment income			6	692	226	918	1,528
Total income				216,885	116,396	333,281	218,068
Expenditure
Expenditure on raising funds:
Costs of raising donations		and
legacies			7	192,989	2,000	194,989	177,670
Expenditure on charitable	activities		8,9	2,163	1,960	4,123	3,785
Total expenditure				195,152	3,960	199,112	181,455
Net income and net movement		in	funds	21,733	112,436	134,169	36,613
Reconciliation offunds
Total funds brought forward				893,325	266,172	1,159,498	1,122,884
Total funds carried forward				915,058	378,608	1,293,666	1,159,498

				Note	2022 6	2021 f
Fixed assets
Tangible fixed assets				14	59,340	49,695
Current assets
Investments				15	30,300	30,300
Cash at bank and	in	hand			1,213,032	1,084,788
					1,243,332	1,115,088
Creditors: amounts		falling	due within one year	16	9,006	5,285
Net current assets					1,234,326	1,109,803
Total assets less	current		liabilities		1,293,666	1,159,498
Net assets					1,293,666	1,159,498
Funds ofthe charity
Restricted funds					378,608	355,141
Unrestricted funds					915,058	804,357
Total charity funds				18	1,293,666	1,159,498

							Unrestricted	Restricted	Total	Funds
							Funds 6	Funds f		2022 6
	Donations
	Donations						126,496	70,262	196,757
	Gift Aid	Claims					85,177			85,177
	Gift Aid	Donations					4,520			4,520
	Building	Fund						36,308		36,308
							216,193	106,570	322,762
							Unrestricted	Restricted	Total	Funds
							Funds	Funds		2021
	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
5.	Other trading			activities
						Restricted	Total Funds	Restricted	Total Funds
						Funds 6	2022 f	Funds f		2021 8
	Rental	income				9,600	9,600	9,600		9,600
6.	Investment		income
							Unrestricted	Restricted	Total	Funds
							Funds	Funds		2022
							6	6		6
	Bank interest		receivable				692	226		918
	Other investment				income
							692	226		918
							Unrestricted	Restricted	Total Funds
							Funds	Funds		2021
								6
	Bank interest		receivable				12	16		28
	Other investment				income		1,500			1,500
							1,512	16		1,528

					Unrestricted	Restricted	Total Funds
					Funds 6	Funds f	2022 E
	Costs of raising donations			and legacies	169,476		169,476
	Costs of raising donations			and legacies	19,171	2,000	21,171
	Costs of raising donations			and legacies	4,342		4,342
					192,989	2,000	194,989
					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
8.	Expenditure		on charitable	activities	by fund type
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
					8	8	8
	Support costs				2,163	1,960	4,121
					Unrestricted	Restricted	Total Funds
					Funds	Funds f	2021 8
	Support costs				2,251	1,533	3,785
9.	Expenditure		on charitable	activities	by activity type
						Total funds	Total fund
					Support costs f	2022 F	2021
	Bank Charges				2,323	2,323	1,985
	Governance	costs			1,800	1,800	1,800
					4,123	4,123	3,785
10.	Net income
	Net income	is	stated after charging/(crediting):
						2022	2021
						F	E
	Depreciation	oftangible fixed assets				4,104	1,987

Staff cos	ts
The total	staff costs and	employee	benefits for the reporting	period are analysed as	follows:
				2022	2021
				f	6
Wages and salaries				73,000	73,000
Social security costs				3,981	3,637
Employer	contributions	to pension	plans	1,880	1,567
				78,861	78,204

14.	Tangible fixed as	set	s
				Freehold	Fixtures and	Motor
				property	fittings	vehicles	Total
				L	6	F	6
	Cost
	At 1 January 2022			40,644	56,210	4,903	101,757
	Additions				13,750		13,750
	At 31 December 2022			40,644	69,960	4,903	115,507
	Depreciation
	At 1 January 2022				47,160	4,903	52,063
	Charge for the year				4,104		4,104
	At 31 December 2022				51,264	4,903	56,167
	Carrying amount
	At 31 December 2022			40,644	18,696		59,340
	At 31 December 2021			40,644	9,050		49,694
15.	Investments
						2022	2021
						8	6
	Other investments					2,800	2,800
	Other investments	- Long term				27,500	27,500
						30,300	30,300
16.	Creditors: amounts		falling due within one year
						2022	2021 f
	Trade creditors					3,294	674
	Accruals and deferred			income		4,584	4,464
	Social security and	other taxes				1,128	147
						9,006	5,285

Staff cos	ts
The total	staff costs and	employee	benefits for the reporting	period are analysed as	follows:
				2022	2021
				8	E
Wages and salaries				73,000	73,000
Social security costs				3,981	3,637
Employer	contributions	to pension	plans	1,880	1,567
				78,861	78,204