Charity No 1150199 Destiny Intsrnational Christian Assembly TRUSTEE'S cOMMIEE REPORT AND FINANCIAL sfATEMENTS YEAR ENDED 31ST. DECEMBER 2024
DESTINY INTERNATIONAL CHRISTIAN ASSEMBLY REPORT AND FINANCIAL STATEMENTS 2024 CONTENTS PAGE Content Page Information Page Management Committee Report Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance sheet Notes to the Accounts 8-12 Detailed Income and Expenditure Account lThls does not constltute part of the Hnandal ststement) 13
DESTINY INTERNATIONAL CHRISTIAN ASSEMBLY REPORT AND FINANCIAL STATEMENTS 2024 Trustee's Commlttee Pastor {Dr) Moses Ekhuemelo Miss Sylvia Sams Mrs Mary Dankaro Mr Samuel Sigbeku Charity No: 1150199 Registered Office 205 New John Street West Hockley Blrmingham B19 3rL Secretary Miss Sylvia Sams Accountants W12 Beaumont Enterprise Centre 72 Boston Road Leicester LE4 IHB Tel: 07863184679 Bankers HSBC
DEsnNY INTERNATIONAL CHRISTIAN ASSEMBLY MANAGEMENT COMMITTEE'S REPORT YEAR ENDED 31ST. DECEMBER 2024 The Management Commsttee who are also the trustees of the Charity, submit thier annual report and financial statements of Destiny International Christian Assembly (the Charity) for the year ended 31st. December 2024. The Management Committee confirm that the annual report and financial ststements of the Charity comply with current statutory requirements: the requirements o* the Charity'5 governing document and Reporting by Charities issued in October 2000. The provisions of the statement of Recommended Praclce (SORPI 'Accounting and Charities issued in October 2001. Method of appolntment or electlon of trustee's Committee The Management of the Charlty is the re5pon5ibility of the Trustee's Committee who are eletted and co-opted under the terms of the Articles of Association. Constltutlon pollcFes and oblectlves The Church is registered as a Charity and was set up byThe Charity commission. The princlpal objective of the charity is to organise church Servi5, community services, mentoring and advlce," nursery and teaching of children, youths and adults. There have been no changes in the objectives slnce the last annual report. Organlsatlonal structure and declslon maklng The organisatlon of the Charity is controlled by the members of the Tru5tse's Commlttee. Revlew of actlvltle$ During the year, the Charity received a total of £375.675 from donations from church members. The financial results for the year are shown in the annexed accounts. Reserve Pollcv It Is the polici of the management committee to work towards holdlng the minimum reserves necessary to enable the Charlty to meet its commltments for a mlnimum period of three months.
TRVSTEPS CQMMITfEE REPORT YEAR ENDED 31ST. DECEMBER 2024 Trustee's Committee's responsiblllties Charity Law applicable to Charities in England/Wales requires the Trustees Committee to prepare financial ststements for each financial year which gives a true and fair vtew of the state of affairs of the Charity and of the surplus or defiat of the Charity for the period. In preparing those financial Statements, the Trustee's Committee have." seletted suitsble accounting policies and applied them Consistently made judgements and estimates that are reasonable and prudent stated whether applicable accounting stsndards have been followed, subject to any material departures disclosed and explaied in the financlal statements and prepared the financial ststements on a going conrn basis (unless it is Inappropriate to presume that the Trust will Continue in operatbn). The Trurtee's Committee have overall responsibilty for ensuring that the charty has an appropriate system of controls, finanaal and otFierwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the finanrj?I position of the rharlty and enable thom to ensure that the flnanclal state- ments comply wlth the Companies Art 2006. They are also responsible for safeguarding the assets of the Charity and heno for taking reasonable for the dAtection and preventlon of fraud and otlJL'r irrebRulaiiiies. These accouilL Flas bcL4Tr delikeied in accordance with the provisions applicable to charities subjert to small compaies reglme. The report ¥WdS approved by the Trustee's Committee on 28th. July 2025 and signed by: Miss Sylvla Sams Secretsry
DESTINY INTERNATIONAL CHRISTIAN ASSEMBLY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DESTINY INTERNATIONAL CHRISTIAN ASSEMBLY YEAR ENDED 31ST. DECEMBER 2024 I report to the trustees on my examination of the accounts of Destiny International Christian Assembly for the year ended 31st. December 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 CharitiesAct 20111"the Act") I report in respect of my examination of the Trust's accounts carried Out under section 145 of 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 14515}(b) of the Act. Independent exarnlner's statement The Charity's gross income does not exceed £lm nor does the Gross Asset Value exceed £3.26M and Income exceeding £250K. However. I can confirm that as a qualified member of ACCA, I'm qualified to undertake examination of the Charity's Financial Statements. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination. I have no concerns and have come across no other matters in connection with the hi examination to which attention should be drawn in this repori in ordL'r lo ena. proper understanding of the accounts. Signed .................................................................. Name: Ben Eruchie MBA; FCCA,. FCA;FIMC; ACIB;
DESTINY INTERNATIOKI t. I CF5f¥if ¥ ! R R¥ firrr.F.*-, STATEMENT OF FINANCIAL AcfiviTIES YEAR ENDED 31ST. DECEMBER. 2024 Restricted Funds 2024 Unrestricted Funds 2024 Total Funds 2024 Notes INCOMING RESOURCES Donations legacies & Similar incoming Res. 8ank Interest 65,364 310,311 2,610 312,921 375,675 2,610 378,285 65.364 REsuuRCES EXPENDED Charitable Expenditure: Cost of activities in furtherance of the charity's objects 101.388 101,388 Support Costs fur &'-,.I, ts <¢nd ticti." 131,181 131,181 Resources expended on managing and administering the Charity 43,007 43,007 21J.J76 275,S76 MOVEMENT IN TOTAL FUNDS FOR THE YEAR - NET INCOME/{EXPENDITURE) For< l-l li -¥LI',I TOTAL FUN DS AS AT 1ST JANUARY 2024 336,915 336,915 3?6,915 The statement of Financial activities include all 8ains and105ses COgnised in the year The notes on pages 10 to 15 forms part of these financial statements.
DEsfiNY INTERNATIONAL CHRISTIAN ASSEMBLY BALANCE SHEEr YEAR ENDED 31ST. DECEMBER. 2024 FIXED ASSErs 2024 Tangible Fixed A55ets 327,)6 308,969 CURRENT ASSErs Debtors Cash at Bank & In Hand 245.040 175,132 245.040 17S,132 CURRENT UABILTIES Current Uabilitie5 due within l Year Current Liabilitre5 due rnore than l Year 10 21,281 62.069 19,990 77,556 83,350 97,546 Net Current Assets/(L1abilieS} 161.690 77,586 Net Assets 488.6% 386,555 Restrlcted Funds 115,004 49.640 Unrestricted Funds 373.692 336,915 488,696 386,555 The Trustees have: a] For the year endlng 31st December 31-12-2024 the Charity was entttled to exemption frorn audlt under Section 477(2) of the Companies Act 206 bJ The members have not required the charity to obtain to obtain an audit In acconlance with section 476 of the Companle5 Act 2006 c] The Trustees acknowledge thelr responsibllities for complying wtth the requirements of the Act wlth respert to accounting periods and preparation of the accounts. The financial statements were approved by the Trustees on the 28th July 2025. And signed on thelr behaEf by- The notes on page5 7 to 13 fomi part of these finandal ststemeTrts Pastor (Drl MosesEkhuemelo Trustees Miss Slyvia Sams
DESTINY IMfERNATIONAL CHRisfiAN ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST. DECEMBER. 2024 ACCOUrING POLICIES 1.1 Basis of preparation of finanaal statemenL The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting standards for smaller Entities Entities {effective June 20021. The Financial Statements have been prepared in accordance with the statement of Recommended Practice {SORP) "Accounting and Reporting bv Charities" published in October 20(KM). 1.2 Charlty Status The members of the Charity are the trustees named on page l - in the event of the Charty being wound up 1.3 Fund accountlng General funds are unrestricted funds which are available for use at the descretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restrlcted funds are funds which are to be used In accordance with specific restrictions imposed by donors which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The alm and use of each restrirted fund is set out in the notes to the financial statements. 1.4 Incomln8 resources All incoming resources are included in the Statement of Financial Attlvitles when the charity is legally entitled to the income and the amount can be quantrfied with reasonable accuracy. Gifts in kind donated for distribution are incuded at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale, are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party ss bearing the cost. No amounts are Included In this financial statements for services donated by volunteers.
DESTINY INTERNATIONAL CHRISTIAN ASSEMBLY NOTES TO THE FINANCIAL STATEME YEAR ENDED 315T. DECEMBER. 2024 Intangible income, which comprises donated services, is included in incorne at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant 15 recogni5ed at the time of the donation. 1.5 Resources expended All expenditure is accounted for on an accrual basis and has been induded under expense categories that aggregate all costs for allocation to activities. Where costs connot be directlv attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Fun-raising cost are those incurred in seeking voluntary contributions and do not include the cost of disseminating informatin in support of the charitable activities. Support costs are those costs incurrred directly in support of expenditure on the objects of the Charity and include project Trustees carried out at headquarters. Trustees, and administration costs are those incurred in connection with admlnistration of the Charity and Complian with constitutional and statutory requirements. 1.6 Cash flow The financial statements do not include a cash flow statement because the Charity as a small reporting entity is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entitles (effective June 20021. 1.7 Tangible Flxed assets and depreclatlon Tangible Fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the costs of fixed assets less their estimated residual value over their expected useful Ilves on the following basis- Motor Vehicle 25% straight Ilne Fixtures and Fittin8S 25% straight line Office Equlpment 25% straight line
DESTINY INTERNATIONAL CHRISTIAN ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST. DECEMBER, 2024 2 DONATIONS. LEGACIES AND SIMILAR INCOMING RESOURCES Restricted Unrestric. T¢)tal Funds ted Funds Funds 2024 2024 2024 Totsl Funds 2023 Grants Government Grants 3 SUPPORT COSTS FOR GRAKfs AND ACTIVITIES Restricted Unrestrf¢- Totsl Funds ted Funds Funds 2024 2024 2024 Totsl Funds 2023 Printing Postsge & Stationary Subscription Light & Heating Bank charges/Mort8age and Loans ConsultancylResources Functions Toiletries & First aidlEquipment Charity Insurance rithes Travel and subsisten Repair5 & Maintenance 1,590 1.590 333 333 10,660 10.660 5,751 5,751 1808 2,808 25,099 25,099 9.844 9.844 17.112 17.112 10.200 10,200 13,076 13.076 9.458 9.458 25,249 25,249 I,S25 893 10,559 6,641 9,481 21,300 14.611 10,463 5,328 11,870 19,388 11,621 131.181 131.181 123.680 4 RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY Restrlcted Unrestrfc. Totsl Funds ted Funts Funds 2024 2024 2024 Total Funds 2023 Audit & Accountancy fees Professional fees Property Rent Training Telephone Sundries Depreciation- Motor Car5 Depreciation-office equipment Depreciation- Fixtures & Fittings 7,1 7,IlXJ 12741.4 12,741 5,8LYI 3234 1072 2106.39 5987.05 1.072 2,106 5.987 3687 1753 3197 14(KIi.6 14,002 43.IN)8 43,IJ18 25.671 io
DEsfiNY INTERNATIONAL CHRISTIAN ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31sr. DECEMBER. 2024 S ANALYSIS OF RESOURCES EXPENDED BY EXPENDrruRE TYPE 2024 2024 Staff Cost Dep'n 2024 Other CoslTotsl 2024 2023 Total Wages and Salaries Support costs for grants & activities Resources expended on managing and administering the charity 101,387 14,002 115,389 55,287 109,717 43,633 55.287 104.901 104.901 97,718 Totsl Resources Expended lo187 14.002 160.187 275.576 251,068 6 NEf INCOMING RESOURCESI(RESOURCES EXPENDEDI Total 2024 Total 2023 THIS IS STATED AER CHARGING: Depreclation of assets owned by the Charity Audit & Accountancy Professlonal Fees 14,002 7.100 12,741 8,000 5.800 3,234 33,843 17,034 7 STAFF cosrs AND NUMBERS Staff costs were as follows: 2024 2023 Wages & Salarles 101.387 101.717 The average monthly number of employees during the Year was as follo. 2024 2023 Administrative No employee received remuneration arnounting to more £SO,IJJ) in either year li
DEsnNY INTERNATIONAL CHRisllAN ASSEMBLY NOTES TO THE FINANCIAL STATEMErirs YEAR ENDED 31ST. DECEMBEIL 2024 TANGIBLE FIXED ASSETS Building Equip* Fure5 & Total Frttings At Cost Addltions In the Year Write Off As at 31-12-2024 285.0(X) 68.374 37 359,211 35.3 15,8CM)} 37 388.711 35.300 15.81K)) 35.3(KJ 285,0 68374 Depreciation As at 01-01-2024 Char8e for the Year Depn Re: Write Off 47.667 5,177 2,538 8.825 12,5381 825 37 50,242 14,(KJ2 12,5381 61.706 52.844 37 Net Book Value: As at 31-12-2024 As at 31-12-2023 285ml 15.530 285,0 20,707 26875 3.262 327.006 308,969 DE8TORS 10 Due withln l Year 2024 Z023 CREDITORS Due withln l Year Mortgage Loan Repavt Other Creditors Accountancy Fees 2023 14.181 14.189 7.1 21,281 19,989 Due after more than l Year 92,156 li STATEMENT OF FUNDS Brought Incomln8 Resourres Carrled Forward ReSrteS ExperKled Forward UNRÉsfRicfED FUNDS General Funds 336,915 312.921 275.576 374,260 REsTricfED FUNDS Restricted Funds 65.364 65,364 SUMMARYOF FUNDS General Funds Restrlcted Funds 336.915 49.640 386.555 312,353 65,364 377.717 275.576 373.692 115,004 275,576 ANALYSIS OF NET ASSEfs BrrwEEN FUNDS Restricted Unrestrfc- Total nds ted Funds Funds Total 2024 Tangible flxed assets Current Assets Creditors Due within l Year Creditor5 Due more than l Year 327.¢Y]6 245.040 21.281 47,470 503295 327,IX)6 245.040 21.281 47,470 503,295 308.969 175.132 19.989 Tl,557 386.555
DESTINY INTERNATIONAL CHRISTIAN ASSEMBLY DEfAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31ST. DECEMBER. 2024 INCOME 2024 2023 Building Fund Tithes & Offerings CAF Payment Gift Aids Interest Re1vable Other Community actfvities TOTAL FUNDS 65,364 245.733 49,640 196.439 22,033 76.546 309 50,485 2,610 14,093 7,524 352.491 378,285 LESS EXPENDITURE Wages & Salaries/NI Pension Equipment Light & Heating Printin8 Postage & Stationery Repairs & Maintenance Subscription Functions Charity Insurance Travel & Subsistence/Hotel Accom Telephone & Fax Professional fees {Inclusive of Bookkeeplng fees) Audit & Accountancy fees Training Resources Sundry Expenses Tithes/London Bank Charges Mortgage Interest Depreciation 94,981 97,317 4,400 14.611 10,559 1.525 11,621 893 21.300 10,463 5,328 19.388 1,753 3.234 5,800 3,687 9.481 3,197 11,870 240 6,401 8,000 9.844 10,660 1,590 25,249 333 17,112 10.200 9,458 2.106 12,741 7,100 1,072 2,808 5,987 13,076 238 5.513 14,002 275.576 251,068 Net Income 102,709 101,423