Charity No 1150199 TrusrEE'S COMMirrEE REPORT AND ANANCIAL 5fATEMEpif5 YEAR ENDED 31ST. DEMeER 2022
DEsllNY IKfERNATIONAL OIRISTIAN ASSEMBLY REpoirr AND FIPIANCIAL sfATEMEKfs 2022 coMrENTS PAGE Informatlon Page Trustees. Report Independent Examln*s Report ststement of Flnanclal Artivitles Balance sheet Notes to the kcounts 7-12 Detalled Income and Expendtture Account 12
DESllNY INTERNATIONAL CHRisnAN ASSEMBLY REPORT AND FINANCIAL sfATEMENTS 2022 Pastor (Dr) Moses Ekhuemelo MIS5 Syma Sams Mrs Mary Dankaro Mr Samuel Sl8beku Chartty No: 1150199 Re8iStered l)ffice 205 New John Street West Hockley rmingham 819 3TZ Secretary Mss Sylvia Sams Accountsnts W12 8eaumont Enterprise Centre 72 Boston Road Leicester LE4 IHB Tel: 07863184679 Banker5
ESTINY INtERNATIONAL CHRisnAN ASSEMBLY ANAGEMENT COMMrrrEE'S REPORT EAR ENDED 31sr. DECEMBER 2022 he Management Committee who are also the trustees of the Charity. submit thler nnual report and ftnanoal statemerrts of Destlny Irrternatlonal Christian Assembly {the harity} for the year ended 31st. December 2022. The Management Committee confirm at the annual report and financial statsments of the Chartty comply with current statutory equirements. the requirements of the Charity's governing document and Reportlng by harities issued In Ortober 2fXX). The provisions of the statement of Recommended Pradce SORPI 'Accounting and Charities issued In October 21J)l. he Management of the Charty is the responslblllty of the Trustee's Comrnittee who are lected and ryFopted under the terms of the Artides of A550ciats0n. nstItlOn pollcles and objectlS e Church is re8iStered as a Charlty and was set up by The Charlty cornmlsslon. he principal objertlve of the charity is to organi5e churth servi, communlty servlos, entorlng and advice; nursery and teathing of chlldren, youths arrfl adult> here have been no chan8es In the objertlves $5nce the last annual report rganls•tlonal strurture and dedsk>n m•kl he organlsatlon of the Chartty Is controlled by the mernber5 of the Trustee's Committee. evlew of actmtles uring the year, the Charlty received a total of £18615 from donation5 from church embers. The financlal $utt$ for the year are shown in the annexed accounts.
OEsnNY INTERNATIOPIAL CHRSTM ASSEM&Y TRUSTEVS COMMrrrEE REPORT YEAR ENDED 31ST. DECEM8ER 2022 Charlty Lwi applltable lo Charltles In End/waleS require5 the Tknes Commlttee to prepare flnanclal sLitements for each financlal year whth 8ive5 a tn and falr ¥lew of the 5tste of affair5 ofthe Charity and of the surplu5 or defKIt of the Charlty for the perlod. In preparing those finarthl statements, the Trustee's Ccffimlttee have: selected sultable accountlng pollcies and applied them con5iStentty made judgements and estimates that are reasonable and TKuderrt stated whether applkable accountin8 stsndanls have been followed subject to any materlal departu dlsck)sed and explaled In the ftnancEal ststements and prepared the financial statements on a golng concern basis {unless It is Inapproprlate to presume that theTrvst vhll contlnue in operation). The Trustee's Commlttee haye overall SponSIbl11ty for ensurln8 that the charity has an approprlate system of controls, finaKial and otheThse. They are also responslble for keeplrb8 proper ac¢ountlTr8 records whlch d15dose wtth reasonable accurary at any time the flnanclal posltlon of the Charity and enalth them to ensure that the flnanclal stst ments comply wlth the Companies Act 21. They aTr also resF4)n51ble for safe8uardln8 the a55ets of the Charlty and hence for tak1 reasonable Ste for the detection ar preventlon of fraud and other Irre8ularities. These account has been dellvered In accordarKe wlth the PthiSK>ns applicable to tharftles subJe¢t to small compaies reglme. The report was •pproved by the Tru5tee¥ Committee on 29th. Juty 2023 and ned bv- Mtss Sylvia Sams
DESTINY IIITERNATIONAL CHRisnAN ASSEMBLY INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF DEStINY IKfERNATIONAL CHRlSfiAN ASSEMBLY YEAR ENDED 31sr. DECEMBER 2022 I report to the trustees on my examination of the accounts of Destiny International Christian Assembly for the year ended 31sL t)ecember 2022. ResponslbSlftle5 and ba of the report As the tharity's trustees, you a responsible for the prepardtlon of the accounts in accordance wlth the requlrements of the Charitie5Act 2011 ('he Art") I report in respect of my examlnation of the Trusvs accounts carried Out under sertlon 145 of 2011 Act and in caryin8 Out my examinatlon. I have fdlowed all the applicable Dlrectlons glven by the Charity Commission under section 145(5)(bl of the ACL Independent examlnees statem The Charlty's gross Income does not exceed £250,). However. I can confirrn l am quallfied to undertake any such examlnatlon by being a quallned member of ACCA. I have completed my examlnation. I confirm that no materfal matter5 have come to my attention in connection with the examlnatlon. I have no conm5 and have come across no other matters in connection wlth the examinatlon to which attention should be drawn in thls report in order to enable a proper understanding of the accounts to be reathed. Name: Ben Eruchle MBA: FCC&" FCA:FIMC; AaB;
DEsriKf IrirERNATIONALCHRisnAN AsSELy srAIEMENT OF FINANaAL AcrivmES YEAR ENDED 315r. DECEMBry 2022 Funds Funds Funds INCOMING RESOURCES Donations legacies & Simllar InmIng Bank Interest 216.054 216.054 216.055 216,055 ESOURCES EXPENDED Charitable Expenditure: Cost of artl*Atles In furtherance of tht dritS oblects 119.180 Supp¢yt Costs for grants and actlyitles 46,078 Resources expended on mana8lrvd and administerlng the trrIty 34.( 34,Ci12 199260 199.260 MOVEMENf IN TOTAL FUNDS FOR ThE YEAR- INCOME/IEXPENDrruREI FOR THE YEAR TOTAL FUNDSAS AT ISTJANUAftY 2022 268.337 268,337 268.337 268,337 The 5tatsment of Flnandal actfvltles Irude¥ll qain5 and losses reco8nlsed In the year The notes on page5 Ioto 15 forms partofthese finandal statements.
BALAN(E SHEET Y•wtbh FthedAss•ts DelRors Cash at 8ank& h Hw 553 Current U•Wllttes du¢tAlthln l Ye•r Cwrent Uabllltles due mreth•Th l Y 17J94 1(4071 IiL345 3U37 Xl,911 278.982 152 278,982 24132 al Foriheye¥r [8 31st December 31.12.2020the Chltyty6enWEdtyexwnkthi from It undtr sedkjn 477{21 ofthethrrwie5•4t 206 bl The members habp n(rt rEquked thethawttytoobtsin biotrtsin s*c 476oftheCompanle5•rt 2(K6 behawby..
NOTES TO THE FINANCIALSTATEMEMTS YEAR ENDED 31ST. DECEMW 202Z ACCOUNnNG POUOES The finanoal staternents have been wepared under the historiral costo)nventton ?nd in accordano vmh the fina131 Reportin8 stsndardsfDr smaller Eniityes Entides leffectNeJune 2¢X)21. The nanCIal statements have been prepared in accordance Wtth the statement ofRecornmended Pre {SoRPI'ALxouniiaThd Reportin8 by thèrittes" publishEd In OLtober 2(XKQ. 1.1 CharhySt4tU5 The member5 ofthe Charttyarethe In narned p•8e i . kn the e01th Charlty belly YJund up General fvnds are tsnrtstrthd funds ¥thkh are avallableforuse atthe desueUon of trustee5 In furthrarKe of the 8eneTrl obJec¢r¥t5 of the tharltyand whlth have not been desnated forother pvrpos Rèstrlrted fvnds are funds whlth are to be used h Hctordanct wtth spedfic res0$ lrnposed by donors which have been ratsed by the dwrfty for partltular purpose5. The C05t ot raIn8 and adminlsterf suth fund5 arecharged a8alnstthe5peofit fund. The alm and use of eath restrkd fvnd Is set oyt InthÈ notes tothe finanrial statsments. All Irtcomln8 resources arè induded In the Ststementof nart[al Acdvlts when the charlty is legally entttyed to the incomeand the amountcan be quanufted wlth reasonable accuracy. Glfts in kind donated f0rd1strtti0 are Inujded at luaij0n arrfl ret¢¥nd as ino)me when they are d15tr1buted to thè proktt Grfts donated for rtsle. ar? Ided as income when theyzre %Ad. Donated fadNV*5 are Induded at th? value to the Charity where this on be quaThted arKI a third party Is beariThdthe cost No amtsjnts aTr Induded In th15 ftnanoal statements forSeceS donated by volurrteer
DESTINY INTERNATIONALCHRISTIAN ASSEMBLY NOTES TO ThE FINANCIAL STATEMENrs YEAR ENDED 31ST. DECEMBER. 2022 Intsngible income, which comprises donated servIs. is induded in Income at a valuation which is an estimate ofthe finanaal cost borne by the donor where such a cost is quantifiable ar measurable. No irmme is rwsed ¥theTethere is no finènclal c05t borne by a third party. Inccrfne tax recoverable En rel*ion to donatl¢)ns received underGrft Ald ordeeds of covenant is re¢ogt)W atthe tlme ofthe donation. All expenditure Is accounted tr on an ac¢rual basis and has been Induded urthr expense cate8orlesthat aggre8ate all costs f¢r allocation to activitle5. Where costs connot be dirertly attrlbuted to partkular activities have been allocated ¢)n a b34$ corithnt with the use of the resourtss. Fun•ralsing cost are those incurred In seeklng ¥oluntsry contrlbutlons and do not Indude the cost of dlsseminating Informatin in yjpport of the charitabk acknvttle5. Support $ts arethose costs Incurrred dlrectly In support of expendlture on the oblects of the Chartty and indude projert Trustees carrled out at headquarter& Trustees. and admlnlstration costs are those incurred In onnectlon wlth administra of the Ch8rlty and compllarKe wlth constttuuonal and ststutory requiremen 1.6 C•sh fl The flnanclal siatements do not Indude a cash flow statement becausethe Charlty as o small reportln8 entlty b exempt frorn the requlremerht to prepare such a Statenrt underthe Flnanclal Reportln8 Stsndard for Smaller Entltles leffectl¥e June 2(K121. Tan8lble FLKed assetsare stated at cost les5 deprlatI1)n. Depreciatlon is provided at rates calculated to wrlte off the costs of fixed assets les5 thelr esJmated residual value over thelf expected useful INes on the followin8 basls: Motorvehlde 25% straknt Ilne Flxtures and Flttlng5 25% straiKht kne Offlce Equlpment 25% stral8ht line
DEsnNY INTERNATIONAL CHRisfiAN ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 315r. DECEMBER. 2022 2021 Grants Govemment GTrnts Printing Postage & Statlonary Subscrfptlon U8ht & HeanI Bank charBeslMort8age and Loans Consultsncy Functlons ToilÈtrles & Nrst ald Charlty Insurance 247 1227 4.139 7511 247 1.227 4.139 7.511 2.987 28.450 IL366 IIJ66 19269 iQ444 iOA44 W7 3A37 3,103 Trdvel and 5ubslsten¢e Repair5 & M3intenarKe 1519 1519 5,188 5,188 11920 4263 46x+n 77A46 4 RESOURCES EXPENDED ON MAIIAGING AND ADMIM15TERING THE IAtry Audlt & Accountsncyfee5 Professional fees Property Rent Tralnlng Telephone Sundries Deprecb3tion- Motor CaTS DepreCtIOn -office equipment Oepreciation. fixture5 & FEttir 5JXKI 5.r 45LY) n4 3612 7322 724 3.612 7322 6207 7491 I57 10.657 8293 34.IM13 34AK13 35338
DEsnNY IKfERNATIONAL CHRisllAN ASSEMBLY NOTES TO THE FINANCIAL ¥fATEME14TS YEAR ENDED 31ST. DEM 2022 2022 Staff C05t tlepkn OthwC051T¢)knl Total Wages al Salarie5 Support costs for grants & acti¥ibes Resour expended on mana81 and administuing the chwity 993J6 10fi57 110,053 33.204 33,204 93,019 47A78 56.1XJ3 56.(1)3 22,387 99396 10.657 89307 199260 163.284 J.321 6 NET INCOMING RESolM1(RE5LKIR(ES EXPEIIDED) Totsl Total 2021 THIS IS STATED AFTER CHARGING: Depreclathn of assets owned the thartty Audit & Accountsncy Profe5slonal Fees 10.657 8,298 345 19,rn 7 STAFF COSTS AND NUMBEI Staff costs were a5 fosfows: 2021 Wages & Salarles 99.3% 84,721 2021 Administrative No eFnpioyee r1ved remuneTatlon amounting to more £50.(m in elther year
DESTINY IPITERNATIOP4AL CHAisfiAN ASSEMBLY NOTE5 TOThE FINANCIAL STATEMErir5 YEAR ENDED 31sr. DEM8 2022 • TAN618LE FIXEDA%5E15 Atcosr Addltlons the Ye¥ A5 at 31-12-2012 37 34L479 17.732 IL932 As at 01-01-2022 Charge fortheVt¥ 3L585 10,657 L450 765 27 Not BookV4w: As •t31.12.2022 A5 at 31-12-2021 316.969 309m¢ DEBTO Oue within ly Due wfthln IYe•r 14 OtherCreditry5 17394 Due •fter morethan l Year 5TATEMENTOF RIIIDS UNRÉmiciED FUNOS General Funds 268.337 2165 I9?.2 285.131 Restrlcted Gerberal Funth 261337 21Q(65 199Th 285.132 268.337 216.055 J99.260 Tangiwe fixed assets Current A55ets Credltors Duewrth¢Tr l Year 316369 316369 a)9.894 19 79 92.553 19.189 17.394 92.156 . 106.071 92.156
DEsllNY IMfERNATIONAL CHRisnAN ASSEMBLY DEfAILED INCOME AND EXPENDttURE AccouKr YEAR ENDED 31sr. DECEMBE 2022 INCOME 2021 Buildlng Fund rrthes & Offeri5 CAF Payment Glft Aids Interest Receivable Community activities TOTAL FUNDS 63 158.808 20.292 10,645 29,239 216A155 189.749 LESS EXPENDITURE Wages & Salaries/NI Pension Property Rent & Rates ght & Heating Printing Postsge & Stationery Repairs & Maintenance Subscription Funrtions Charity Insuran Travel & subs1sten1HoteTr Accom Telephone & Fax Professlonal fees Ilnclwve of 8ookkeepI fees) Audlt & Accountancy fees Training Resources Sundry Expenses Tlthes/London Bank Charges MortEa8e Interest Depreclation 93,946 5,450 80,691 4,030 8.428 362 6.244 1,071 19.455 4,139 247 5,188 1,227 11,366 10,444 3,437 2,519 1,862 6.980 4,500 2,958 3.249 3.612 2353 s69 249 8.380 10,657 7.491 520 6,991 8.298 166.137 Net Income 16.795 23.612