Charity No 1150199 TRUSTEfs COMMITfEE REPORT AND FINANaALSTATEMENTS
DESTINY IMfERNATIONAL CHRisllAN ASSEMBLY REPORT AND FINANaAL sfATEMEpif5 2023 CONTEKtS PAGE Content Page Information Page Management Committee Report Trustees. Report Independent Examinerfs Report Statement of Financial Artivities Balance sheet Notes to the Accounts Detsiled Income and Expendtture Account 13
DEsllNY IrirERNATIOPIAL CHRISTIAN ASSEMBLY REIX)RT AND FINANaAL sfATEMEKfs 2023 Trustee's Committee Pastor {Drl m( Ekhuemeto Miss Syfvia Sams Mrs Mary Dankaro Mr Samuel Sgbeku Charity No: 1150199 Registered Office 205 New John Street West Hockley Bimiingham B19 3r£ Secretary Miss Syfvia Sams Accountants W12 Beaumont ETrterpri5e Centre 72 Boston Road Leicester LE41HB Tel: 07863184679 Bankers HSBC
DEsnNY IpifERNATIOP4AL CHRisnAN ASSEMBLY MANAGEMEKf COMMrrrEE'S REPOltt YEAR ENDED 31sr. DECEMBER 2023 The Mana8ement Committee are also the trustees of the Charity. submit thier annual pOrt and financial statements of Destiny International Christian Assembly (the Charrtyl forthe year ended 31sL December 2023. The Management Commtttee confirm that the annual report and fin3ncial statements of the Charity compty with current statutory quirements: the requirements of the Chartvsgoverning document and Reporting by Chartties issued in October 20(KJ. The provisions of the statement of Recommended Praci {SORP)'Accounting and Chaiiiies issued in October 21JJl. The Management of the Chaiity is the responsibility of the Trustse's Committee who a elected and co-opted underthe terms of the Articles of A550ciation. The Church s registered as a Charityand was set up by The Ur[ty commiswn. The principal objertive of the charity is trj organise church 5eNice5. community service5. mentoring and advice. nursery and teaching of chlldren. youth5 and aduk There have been no changes in the objectives since the last annual pOTL The organisation of the Charity is controlkd by the fflernbe of the Trustee's Committee. During the year, the Chartty e1ved a totsl of £307.983 from donations from church members. The financtal sults for the year are shown in the annexed accthints. Reserve Polky Ft Ls the wtrliry of the management committee to work toward5 holding the mlninium reserves necessary to ettable the Charityto meet its commitments for a minimum period of three morrths.
DEsfiNY IKfERNATIONAL CHRISTIAN ASSEMBLY TRusfEE'S COMMtrrEE REpoKr YEAR ENDED 31ST. DECEMBER 2023 Trustee's Cornmittee's responslbi11tles Charty Law applicable to Charities in England/Wales requires the Trustees Commfrttee to prepare financial statements for each financial year which gives a true and fair view of the state of affalrs of the Charity and of the surplus or deficit of the Charity for the pertod. In preparing those flnandal statements. the Trustee's CommittÈe have". selected suitable accounting policies and applied them (onsistentlv made judgements and estimates that are reasonable and prudent stated whether applicable accounting standards have been followed. subject to any material departures di5dosed and explaied in the financial statements and prepared the financial statements on a going Conrn basis (unless it is inappropriate to presume that the Trust will continue in operation). The Trustee's Committee have overall responslbillty for ensuring that the charfty has an appropriate system of controls, financial and otherwise. They are a150 responsible for keeping proper accounting record5 which dixlose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial 5tate- ments comply with the Companies Act 2(K)6. They are also responsible for safeguarding the assets of the Charity and hen for taking reasonable steps for the detection and PTevention of fraud and other [eSUlar1tie5. These account ha5 been delivered in accordance with the provisions applicable to charities subject to small compaies regime. The report was approved by the Trnstee's Committee on 18th. July 2024 and signed by: Miss SylvFa Sams Secretsry
DESTINY IKfERNATIONAL CHRisnAN ASSEMBLY INDEPENDEKf EXAMINER'S REpoirr TO THE TRusfEES OF DE5llNY INtERNATIONAL CHRISTIAN ASSEMBLY YEAR ENDED 31ST. DECEMBER 2023 I report to the trustees on my examlnation of the accounts of Destiny International Christian Assembly for the year ended 3tsL Dember 2023. Responsibilitles and basis of the report As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the CharttiesAct 2011 ('he Act") I report in respect of my examination of the Trust's accounts carried Out under section 145 of 2011 Att and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5}{b} of the Act. Independerrt examlner's sLemeAt The Charity's gross income does not exceed £lm nor does the Gross Asset Value exceed E3.26M and Income exceeding £250K. However, I can confimi that as a qualified member of ACCA, I'm qualif5ed to undertake examination of the ChaTiWs Financial Statements. I have completed my examination. I confirni that no material rnatters have come to my attention in connettion with the &¥amination. I have no concern5 and have coFne across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed ..-. Name: Ben Eruchie MBA; FCCA: FCA.-FIMC: ACIB-
DESTINY INTERNATIONAL CHRISTIAN ASSEMBLY STATEMENT OF FINANaALAcnwnES YEAR ENDED 31sr. DECEMBE 2023 Total Funds 2023 Funds 2023 Funds INCOMING RESOUR Donations legacies & Similar incorning Re Bank Interest 330.149 309 330.458 330.149 309 330.458 RESOURCES EXPENDED Charitable Expenditure- Cost of activities in furtheran of the charty's objects 101,718 101.718 Support Costs for grants and artivities 123.680 Resources expended on managing and adminFstering the Chaiity 25.670 25.670 Total Resource Expended 251.068 251.068 MOVEMENT IN TOTAL FUNDS FOR THE YEAR - INCOMEIIEXPENDITURE) FOR THE YB4R TOTAL FUNDS AS AT ISTJANUARY 2022 285.132 285.132 285,132 285,132 The statement of Financial activities include all gains and losses recognlsed in the year The notes on pages 10 to IS forms part of these financial 5tatement&
BAiANCE SHE YEAR ENDED 315r. DECEMBEIL 21)23 FIXEDASSEtS Tanglble Fixed Assds 316.969 Dèbtors Cash at Bank & In Hand 175.132 175J>2 CURRENT UABILTIES Current Liabilities due withbn l Year Current UablIeS due more th3n l Y .189 92.156 77556 97545 111345 NetCutterttA55etsl@iabifftie5) 3W7 285.132 Restrfcted Funds 49.640 Vnrestrirted Fur 336P15 285.132 38655 285.132 The Trusrees trrave: al For the year ending 3tst December 31-12-2(123the CWVAS entiited to fn)m audrt undersectlon 47712} of the CompiiesArt206 bl The membEf5 have requlred thedwrityto obtan toobtain a) in a(tordance¥fith Htion 476ofthe Companies Att 2tJ6 spectto attounting ppriod5 and Preparation of the C(mInt The finandal Slaternwrtswere apwoved bytheTrustees on the 18th lY 202& ArnlsiEned on their behalf by: Pastor {Dr} MosesEkhuemeh)
DEsfiNY IiifERNATK)P4AL CHRISTIAN ASSEMBLY NOTES TOTHE FINANaAL sfATEMEpirs YEAR ENDED 31sr. DECEMBE 2022 ACCoU1NG pouaES 1.1 Basis of prePara1k offfjwi(7al statemenL The financial statements have been prepared under the historical cost convehtion and in accordance wrth the Financial Reporting Standards for smaller Entities Entities (effective June 21X)21. The FinancÉal Statements have been ppared in accordance with the statement of Recommended Practice ISORPJ"ActOLFnting and Reporting by Charities" published in October 2(KKM). 1.2 Charfty Status The members of the aiarity are the tnee$ named on page l - in the event of the CharTty bein8 wound up 1.3 Fund accountlng General funds are Unrestri funds which awe avallable for use at the de5cretion of the trustees in furtherance of the general objectr¥es of the charity and which have not been destgnated for other purpose5. Restricted funds are funds which areto be used in accordan with specific restrktions imposed by donors whith have been raised by the charity for partKular purposes. The Cost of rais1r and administering such fvnds are charged against the speafic fund. The aim and use of each restrkted fund is set in the notes to the financial statements. 1.4 Incomlng resour All incoming resources are included in the Ststement of Financral ktlvltie5 when the charity is legalty entitled tothe income and the amount can be quantified with reasonable accuracy. Gifts in kind donated for dtstrthution a incuded * valuation and reco8ni5ed as income when they are dFStributed to the proiects. Gifts donated for resale. are included as income when they are sokl. Donated facilitses are included at the value to the Charity where this can be quantified and a third party 15 bearing the c05L No ants a induded in this financial statemerrts for semces donated by volunteer5.
DESTINY IPItERNATIOIIAL CHRisfiAN ASSEMBLY NOTES TO THE FINANCIAL ATEmENTs YEAR ENDED 315r. DECEMBER. 2023 Intsngible income, which comprises donated 5ervice4 is Inded in inmme at a valuation which is on estimate of the financial c05t bome by the donorwhere such a t05t is quantifiable and measurable. 140 income is recognised whwe there 15 finanaal cost t#)me by a third party. Income tax recoverable in relation to donations re¢ei¥ed under GiftAid or (leeds of covenant Is recognised at the time of the donati All expenditure is a(rounted for on an accrual basis and ha5 been induded underèxpense categories that a¥grte all costs for allocation to actits. Where costs connot be directly attributed to parti14raCtiVWknes they have been altrocat on a bosis consistent with the use of the resource Fun-ralslng co# are th05e incurred in seeking Ilunl3ry contrfbutlons and do not indude the cost of dlsseminating inforMan in support of the charitable acti¥iDes. Support Costs are those costs Incurrred directfy in sijpport of expendTture on the obieLts of the Charity and indude project Trustees carrie(l out at headquarters. Trustees. and adMintiOn costs are those incurred in connettion with 3dministTation of the (tsrity and compr[an with CotrWit1ofiaI and statutory requlremen 1.6 Casth fiow The finan¢ial statemerrts do not itKlude a cash flthv statement because the as a small reporting entlty is exernpt from the requirement to prepare such a ststern underthe Financial Reportingstandard for Smaller Entsties leffe¢ti¥eJune 2(X)2}. 1.7 Table Flxed assets and depretiation Tangible Fixed a55ets are stated at cost less deprèciation. Depreciation is provided 3t rates calculated to wrtte off the costs of fixed assets less their estimated residual value over their expected usefvl lives on the following basi¥. Motorvehide 25X strat line Fixtures artd Fittir85 25%straight line offi Equipment 25% stral8ht fine
DEsfiNY INTERNATIONAL CHRISTIAN ASSEMBLY NOTES TO THE FINANaAL STATEMENf5 YEAR ENDED 31ST. DECEMBEK 2023 2 DONATIONS. LEGPQES ANDSIMILAR INCOMING RESOU Filnds tedFunds FyThts Aly 2022 Grants Govemment Grants Printing Postsge & Stdtionary bscription ght & Heating Bank chargeslMortga8e and Loor Consultancy/Resour Functions Toiletries & Firstaid/Equipment tharfty 1525 893 10559 641 1525 893 247 1,227 4.139 7.511 10559 6.641 9.481 21.3 21,3 14.611 14.611 10,463 10.463 10.444 Insuran rrthes Travel and subsistence Repairs & Maintthan 11:: 5.328 IL870 IU70 88 .388 621 11.621 3.437 1519 5.188 .680 ll3.680 46.078 2022 Audit & A¢countsncyfees Prof10al fees Property Rent Training Telephone Sundries Depreciation- Motorcars Depwation -office equipment Depreaation- Wlre5 & 5.8f)) S{ 3234 3.234 3687 3.687 1753 L753 3197 3.197 724 3612 7322 10657 25ffi71 25 671
NOTES TO ThE FINANaAL sfATEMEKrs YEAR ENDED 31ST. DEmBER. 21123 SlallC4P5t Depkn (XherCoslTotal Total and Salarie5 Support Costs forgrants & actie$ Resources expended on rna181n8 and adminlstering the charity 101.717 1(8.717 43.633 110.053 33.XS1 43.633 97.718 97.718 56.1K13 IOL717 8,0(Kl 141351 251 199.260 6 INCOMING RESOURCESI{RESOURCES EXPENDEDI Total 2022 THIS IS STATED AFfER IIIARGING: Depreciation ofassets owned by the Charity Audit & Accountancy Professional F 10,657 5.800 3.234 17.034 22B45 7 AFF C0515AND NUMBER5 Staff costs were as follo¥th" 2023 2022 Wages & Salaries 10£717 99396 2023 2022 Administrative No employee re¢Ve{l remuneration amountIt0 more £50.(4X) in thtryear
NOTESTO THE FINANCIALsfATEMEPI15 YEAR ENDED aisr. DECEMV 2023 8 TANGIBLE FIXEDASSErs 285% W74 37 359.211 Additi0Th5 in the Year As at 31-12-2023 359.zii As a¢oi-01-2023 Charge forthe Year L450 27 io 42,242 $0242 Nei Boc&Valutr. As at31-12.2023 Asat 31-12-2022 308.969 316.969 285,lJX 27.609 4550 DEBTOR5 Due wtthln l Ya3r io Due vthin l Year Mortrdge Loan Repavt OtherCredff(ors Accountancy Fee5 14J89 14.189 89 ts. Due afterlrethan IVr srATEMEFff OF FU14DS UNREsfRicfED FUlff6 General Funds 285.132 12A51 25L068 336J15 REsfRtCTED FUNDS Re5tritted Fur 49.640 General Funds Restricted Funds 285.132 a)1851 25LI 49.640 352.491 336915 49.640 39655 285.132 25Lt68 Trfal Tangibleflxed ass&$ CurrentA55ets Crerfrtors Due wrthin Iyear Cjzthtors Due rnorethan l Year 308 369 316.969 175.132 175.132 19.989 - 71.557 77.557 156
DEfAILED INCOME AND EXPENDrruRE ACCOUNr YEAR ÉNDED 31sr. DE(EM8EtL 2023 INCOME Building Fund rithes & Offerin85 CAF Payment Gift Aids Interest Re1Vable Community artivit TOTAL FUNDS 49.640 196.439 22.033 76546 309 7.524 352N91 178,933 7.882 29.239 216,055 LESS EXPENDMIAE Wages & Salaries/NI Pension Equipment Light & Heating Printing Postage & 5ts1ionwy Repair5 & Maintenan Subscription Functions Charity Insurance Travel & SubsrstenH0teI Accom Telephone & Fax Professional fees Ilndusive of BookkeÈpin8 fees) Audit & Ac¢ountancyfees TrninFng Resour Sundry ExpeF rithes/London Bank Charges 97.317 93,946 5.450 14.611 10.559 1.525 11.621 8,428 362 6.244 1,071 19.455 213(Kl 10.463 5.328 L753 3.612 6.688 3.687 9.481 3.197 14870 240 6AOI 724 2,504 2,253 5,069 249 Depre£iation 10,657 251,068 199,260 Net Income IOIA23 16,795