Charity No 1150199
PAGE Infomiatlon Page Trustees. Report Independent Examlnetrs Report ststement of Flnancial Acdvitle5 Balance sheet Notes to the Accounts 7-12 Detslled Inc¢>me aNI Expenditure Account 12
Pastor (Dr) Moses Ekhuemelo Mlss Sylvia Sam5 Mrs Mary Dankaro Mr Samuel Slgbeku Charlty No: Re8iStered Offlce 205 Newjohn Street West Blmilngham B19 3TZ Secretary Miss Sylvia Sams Accountants 72 B05ton Road Leicester LE4 IHB Tel: 07863184679 Bankers
DESnNY INTERNATIONAL CHRisnAN ASSEMBLY MANAGEMENT COMMITfEES REPORT YEAR ENDED 31sr. DECEMBER 2022 The Management Committee who are also the trustees of the Charity. submit thier annual report and finanaal ststements of Destiny International Christian Assembly (the Charity) for the year ended 31st. December 2022. The Management Committee confim) that the annual report and financial statements of the Charity corn wtth current Statutory requirements: the requirements of the Chartvs goveming document and Reporting by Charltles Issued In Ottober 2(. The provisions of the statement of Recommended Prad (SORPI 'Accountin8 and Charltles Issued In October 2Qll. The Management of the Charlty Is the respon5iblltty of the Tnstee's Committee who are elerted and ctropted under the terms of the Article5 of Associatlon. CoNstltutlon polkles and obJe¢dv The Church is reglstered as a Charity and was set up The Charlty comrn15510n. The prfncipal objective of the tharty is to organlse churth Ser415, communlty ser¥kes, mentorlng and adCe. nursery and teachlng of ChIldn, youths and adutt> There have been no cha$ in the objectives since the last annual report Organlsatlonll structure and dedskn ma The organlsatlon of the Charfty ts controlled by the members of the Trustee's Commlttee. Durlng the year, the Charlty recelved a totsl of £18615 from donatlons from church members. The flnanclal results for the year are shown in the annexed accourrt Re5er¥e Poll¢y It is the pollcy of the management committee to wowk towards holding the minimurn reserve5 necessary to enable the Charlty to meet Its commltments for a minimum period of three month&
Chartty Law applicable to Charities In ErFWale5 requires theTrust•es Commltt8e to prepare flnandal statements fot eath financial yeaT whkh w a true and fdlrvlew of the State of affairs ofthe Charity and of the surplu5 or defK5t of the Charfty for the perfotL In prenTro those finan¢lal Statern. theTru5tee'5 Crmnrnlttee ha¥e: selected suttat4e accountlng polTdes and applied them mn5iStenty made jud8ements and estimate5 that are reasonable and wudent subiett to arry materlal deparnIS dlsdosed ar emplaled In the finandal Statthn and prepared the financial statern on a golng Conc basiE (untess tt Is Inapproprlateto presume that theTrustwlll ConnUe in OFffitk)n). The Trustee Commkn have werall for eYNirfngthat the dwrfty has an approprlate system ¢((xrtr01s, fin•Kial and othernth. Tlffj are also resble for keeplng proper aceountln8 records whkh dlsch)sewlth reasonable accuracy at any tome the tlnand•l P051tk of the Charlty and enable them to ensure that the finandal stst ments comply wlth t Companies Act 2(. are also responslble for safe8vardlnE the assets of the Charlty ar hen tsklrq feasonable steps for the dete¢iion and preventk)n of fraud and other lrye8ulilies. These aroxnt has been del1ver accordance wlth the provlslon5 appllcable to to small compales re8lme. The report Wa5 appr¢r4ed by theTrustee% Commlttteon 29ttL July 2023 and bv: Mlss Sylvia Sams
INDEPENDENT EXAMINERS REPORTTO THE TRLISTEES OF DESTINY IiffERNATIONAL CHRISTIAN ASSEMBLY YEAR ENDED 31sr. DECEMBER 2022 I report to thetrustees on my eyaminatiM of the accounts of Destiny International Chrthn Assembtyfvthe yearended 3tsL December 2021 As the tharity's trustees. you are responsible tor the preparatlon of the accounts in accordan with the requsrements of the CharltlesArt 2011 {'he I report In respect of my examination of the Twstrs acrnunts carried Out under section 145 of 2011 Act and In carrying out my examinatlon. I have followed all the applicable Oirectlons glven by the Charity Commlssion under section 145(5)(b) ofthe ACL The Cb.arlVs gr055 income does not exceed £250.1. Ho*ver. I can confinn l am qualified to undertake any such exarnlnation by bel a qualffied member of ACC I have completed my examlnatlon. I clfir that no materlal matters have come to my attention in connettion with the examlnation. I have no concems and have come across no other matters in connection wlth the examinatlon to which attention should be drawn in thts rewrt in order to enable a proper understanding of the accounts to be reathed. Name: Ben Eruchie MBA. FCCA: FCA;FIMq ACIB:
STATEMENT OF FItrIANaALACTMTIE5 YEAR ENDED 31sr. DECEM 2022 Funds Funds Funds INCOMING RESOiIRI Donatlons legadu & Smllar Int¢)mln8 Bank Interest 216,054 216.054 21655 216.055 RESOURCES EXPENDED Charitabre Expenditure. Cost of actlwttes In furtheran of the charfws objec*5 119.1 Suppthtcosts for grants 4nd actl¥itles 46,078 Resourtes experKled on Man3ra and admlnlsterlng the Charlty 199260 YEAR. INCOMEI(EXPE14DtruRE) FOR THE YEAR TOTAL FUNDS ASAT jANUARy 2022 268.337 268.337 268,337 The statemert of Hnanclal actt¥ltle5 ilUde all aalns and10sse5 reco In theyear The on pages loto IS forn partofttr fiTrandal statement&
Debtor5 Cash atgarth & kn 795 S3 CurrertU•bllltl•s due Thlthln l Ye•r 17394 91156
),912 24132 Th•TN5t•ES h•w: I FLvtho ye•rIy3]st DeL%mkn 31.12.2020the understh 477(2IoftheCrynknSlrt 106 476oftheC¢xnp•b*skt2 behalFbv'.
NOTES TO THE FINANCIALsfATEMEN75 YEAR ENDEO 31ST. DECEM 2022 Thefinanaal statements hawe been Ffepared urmlerthe htOral costConntItin and in accordan with the nan(11 Reportingstandard5 fDrsmaller Enbtrts Er leffetbvejune 2(2). The finanaal Statprwts have been prepa1 in accordanc .h thestatement 0fRnd Pra(tK IW!"Accwiidn8and ReportiFY by £2 Ch•rftySt4 The members oltt Charhy¥e tl treeS named ffi p4e i . In thee¥rt ofthe Charlty rjp General funds are unrestrictEd funds ¥AiklAetruseatthe destreuon of the trus(ees In lUrthera of tht8eneral objecthry olttd•and Tthlth ha¥e rrfrt Imptred by tknors ¥thkh hove betn r•15ed by th@ charltyfor partlcvlar Pu. The cost ot raIsi and adMlnJsMngs funds areth¥W a8atnstthe 5pecfftc fvnd. The alm and use of each restrfctedfund1s5etwt Inthttnotestotheflnancial statement& AJI Incomin8 reSrceS are Included in the Ststomentof Rnarflal Ac1•$1hen th• tharlty is le8ally tItled to the Intomeand theanhyjrrtcan be qUaFthed wlth reasonable accumy. Gffts In klnd donatod fordlstrfkn are Irwjed and reo)8nised aslncome when theyare dr5tr5but¥d to the projec Gifts donated for resale, are Induded as Income when th*yare sold. Donatsd facKttle5 we Induded atthe vdue to tharity where this can be quantlfted ond a ih4ry1 party is beariry the cosL N0amowTe Induded In th15 finandal statements fOrsWc¢S donated bYvurrtQer&
OEsnNY IPITERNATIONAL CHRisnAN AsSEmy 140TESTO THE HNANCIAL STATEMElll5 YEAR ENDEO 31ST. DECEMBEK 2022 Intsn%ible incorne. whtch comprises (bjnated servlces. 15 ITUded in irKome at a valuatton which is an estimate of the financial cost bome by the doThx where such a cost is a third party. rec¢wised atthetime of the donatknL All eXPendre ts accountsd for on an a¢ryual basls and has been indudÈd under expense categorles that a88regate all cctstsfor alkKation to arti¥itle& Whwe Costs connot be dlrecty attrlbuted to particular actbVltlesth ha allocateil on a boyse(l$t with the use of the resources. Fun.rdSslng cost are those IncuTfEd In seelnE vthjntory ctIOand do not FrUde the c05t of dltsemithitin8 inftymatin in suppLKt of the thafnable acUVl. Support (Thts are those costs Incurrred dlrecdy In suprM)rt of expenortirt ¢n the objects of the awlty and indude project Twstees carried out èt headquarter> Trustee5' and admlnbtration costs are those In¢urred In connec(lon wtth athnintstr*ion of the ChaTIty and compliance wlth constltutlonal 8nd statutory requlrements. 1.6 C•5h Ilow The flnandal ststements do not Indude a cash fftMTSt•temert ljecwse amrlty as a small reportln8 entlty Is exempt from the requlrement to prepare a slattht underthe Flnandal Reportlng Stsndard for Smaller Entlttes leffecthjune 2ts)21 Tanuible Fkxed a55ets are stated * tost less depre¢lathn. Oepreciation Is provlded at rates c3lculated to wrlte off the wsts offtsi a5sers lessthw resldual value over tslr expecied useful lives the fo]lowin8 basb: Motorvehlde 25% strnlght Ilne Flxtures and Flttlrbg5 25%0JaW Ilne Office Equipmwrt
P40TES TO THE ANANCJALSTATEMENTS YEAR ENDED 315r. DECEM8EIL 2022 ted Funds Fwxls Prlntbn8 Posta8e & %ati(mary SubscT5ption U8ht & Heatl Bank thar8eslMNtw and loans Consultancy Funcrions Tolletri•s & Flrst •Sd Chartty Insurance 247 247 L227 1227 4.139 4,139 7511 7511 IL366 ll.3fj6 19.269 IW4 3A37 3,103 3,437 Travel and subsistente Repairs & Mairttenance 119ZO 4263 S.188 5.188 5AKKI 5.( Professionalfees Pmperty Rent Training Telephone 5undTies Deprectatlon. Motor Cars Deprecrats"on 4)ff*e equipment n4 36 3.612 7322 7322 6207 34.U)3 a4A#)3 35338 .
NOTES TO THE FINANCIAL sfATEME14TS Wages ar)d Salaries Supp)rt costsfor gfants & athitses Resources expended on rnan1 and administeringthe chwity 99396 IW7 I.053 31204 33.2( 93,019 4778 56,tM)3 56.(X)3 22.387 Totsl R•sourcts EXP 99W6 10fi57 89307 199260 163284 T•)l•l Total 20 THLS IS ATED ARCHARG1NG. Depredatlon of assets Owld the Charlty Audit & Accountancy Protesslonal Fees 10.657 8.298 6.980 22J45 19.rn Staff costs were a5 fotlows: 2021 Wages & Safarles 84,ni 2021
NOTESTO THE FINANCIAL sfATEMEpris At Cost Addktrcffls intheyear 5 it31.12-2022 5Q442 11?32 37 34L479 17.732 As atOI411-2022 cTlor the Y L450 10,657 765 As •t 31-12-1021 As at 31.12.20U 10 316869 28SAm 24 DEBTORS Due vAthln IYe¥ Due wlthlA I Ye¥ 14, 17394 Due •ftermoitthan ly srATEMENT( FUNOS iINRESTrICIED FUNrAS Gerral Fund5 General FwM15 31W 316369 .89¢ 799X 79 91553 19.189 - 19,189 17.3 92,156 - It6A171 Creditors 0 wlthln l Y&
DEsnNY INTERNATIONAL CJIRISTIAN ASSEMBLY DETAILED INCOME AND EXPENDMJRE ACCOUNT YEAR ENDED 31ST. DECEMBEIL 2022 INCOME Bulkllng Fund rrthes & offeri CAF Payment Gift Aids Interest Recetvable Community artivities TOTAL FUIIDS 186A 158.808 20,292 10.645 29,239 21655 L89.749 LESS EXPENDrruRE Wa8e5 & SalarieslNI Pension Propety Rent & Rates U8ht & Heatlng Prlnting Postsge & Ststtonery Repalrs & Malntenance Subscription Functions Charlty Insurance Travel & SubsSstence/Hotel Accom Telephone & Fax Professlonal fees {Indusive of Bookkeeplrq fees) Audlt & Accountsncy fee5 Trdinlng Resources Sundry Ewses TltheslLondon Bank Charges 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 4.5(MJ 2,958 3,249 312 724 7,491 520 6,991 8,298 249 8,380 10,657 Depreciation 166.137 Net Income 16.795 23.612