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|||Page|
|---|---|---|
|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|||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||
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||||||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|
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|||||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|
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||||||||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
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||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|
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||||||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|
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|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|
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|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|
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|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|
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