Charity number: 1164340
Destiny Community Services
Trustees' report and financial statements
for the year ended 31 December 2020
Destiny Community Services
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2 - 3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 9 |
Destiny Community Services
Legal and administrative information
Charity number 1164340 Registered office 67 Bell Farm Avenue Dagenham RM10 7BB Trustees Andreas Andreou Carlton Ferris (Resigned on 14.10.2020) Yvette Teresa Pond Maurice Ramsaroup Independent Examiners Eric & Co Chartered Certified Accountants & Registered Auditors 87 Tylecroft Road London SW16 4BJ
Page 1
Destiny Community Services
Report of the trustees for the year ended 31 December 2020
The trustees present their report and the financial statements for the year ended 31 December 2020. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The day to day operation of the Charity is controlled and managed by the Trustees.
Risk Management
The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the Charity and are satisfied that systems and controls are in place to mitigate their exposure to the major risks.
Objectives and activities
In accordance with the objects set out in the constitution, the objectives of the Charity is the prevention or relief of poverty and to promote and preserve good health by the provision of funds, goods or services of any kind in Dagenham, Essex and in such parts of the United Kindom or the world as the Charity trustees from time to time think fit.
The Trustees confirm that they have paid due regard to the guidance contain in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives in setting the grant making policy for the year.
Achievements and performance
The year proved very successful in terms of donations received. By the grace of God, most of the objectives set out in the year were achieved. The spiritual, physical and emotional needs of the member were met through church activities and programmes conducted throughout the year.
Financial review
The total reserves at the year end, which were all from unrestricted funds, amounted to £33,135. Donations continue to be the main sources of income.
The reserves policy is to hold a minimum of 3 months income as a general reserve to enable the charity to carry out its operations and at an adequate level to meet its objectives. The amount held are reviewed on an annual basis.
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
Page 2
Destiny Community Services
Report of the trustees for the year ended 31 December 2020
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the board
Yvette Teresa Pond Trustee
Date: 27 October 2021
Page 3
Destiny Community Services
Independent examiner's report to the trustees on the unaudited financial statements of Destiny Community Services.
I report on the accounts of Destiny Community Services for the year ended 31 December 2020 set out on pages 2 to 9.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts, you consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the 2011 Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(i) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep proper accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Eric Ashong (FCCA)
for and on behalf of Eric & Co
Independent examiner
Chartered Certified Accountants & Registered Auditors 87 Tylecroft Road London SW16 4BJ
Date: 28 October 2021
Page 4
Destiny Community Services
Statement of financial activities
For the year ended 31 December 2020
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Voluntary income 2 55,632 Investment income 3 85,862 Total incoming resources 141,494 Resources expended Staff costs 4 9,100 Rent 67,149 Service costs 7,617 Repairs & maintenance 14,542 Rates - Professional fees - Travelling expenses 3,058 Gift & donations - Ministry expenses 7,878 Accountancy fees 1,200 Office expenses 5,414 Honorarium expenses 1,121 Musical costs - General expenses 1,630 Total resources expended 118,709 Net income/(expense) for the year 22,785 Total funds brought forward 10,350 Total funds carried forward 33,135 |
2020 Total £ 55,632 85,862 141,494 9,100 67,149 7,617 14,542 - - 3,058 - 7,878 1,200 5,414 1,121 - 1,630 118,709 22,785 10,350 33,135 |
2019 Total £ 20,367 38,950 |
|---|---|---|
| 59,317 | ||
| - 37,055 - 3,921 2,779 1,970 1,492 2,753 3,218 400 - 935 851 920 |
||
| 56,294 | ||
| 3,023 7,327 |
||
| 10,350 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 7 to 9 form an integral part of these financial statements.
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Destiny Community Services
Balance sheet as at 31 December 2020
----- Start of picture text -----
2020 2019
Notes £ £ £ £
Current assets
Debtors 5 8,750 8,750
Cash at bank and in hand 29,599 3,200
38,349 11,950
Creditors: amounts falling
due within one year 6 (5,214) (1,600)
Net current assets 33,135 10,350
Net assets 33,135 10,350
Funds 7
Unrestricted income funds 33,135 10,350
Total funds 33,135 10,350
----- End of picture text -----
The financial statements were approved by the trustees on 27 October 2021 and signed on its behalf by
Yvette Teresa Pond Andreas Andreou Trustee Trustee
The notes on pages 7 to 9 form an integral part of these financial statements.
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Destiny Community Services
Notes to financial statements for the year ended 31 December 2020
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 2011.
1.2. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations, offerings and tithes and is included in full in the statement of financial activities when receivable.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Rental income is accounted for and included in the accounts in the year in which it is received.
1.3. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
2. Voluntary income
| Unrestricted funds £ Donations 3,327 Other income 5,410 Charity tax credit - Grants receivable 46,895 55,632 |
2020 Total £ 3,327 5,410 - 46,895 55,632 |
2019 Total £ 2,885 6,321 11,161 - |
|---|---|---|
| 20,367 |
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Destiny Community Services
Notes to financial statements for the year ended 31 December 2020
| 3. Investment income Unrestricted funds £ Rental income 85,843 Bank interest receivable 19 85,862 4. Employees Employment costs Wages and salaries No employee received emoluments of more than £60,000. Staff 5. Debtors Other debtors 6. Creditors: amounts falling due within one year Other taxes and social security Other creditors |
2020 Total £ 85,843 19 85,862 2020 £ 9,100 1 2020 £ 8,750 2020 £ 278 4,936 5,214 |
2019 Total £ 38,950 - 38,950 2019 £ - - 2019 £ 8,750 2019 £ - 1,600 1,600 |
|
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Page 8
Destiny Community Services
Notes to financial statements for the year ended 31 December 2020
| 7. | Analysis of net assets between funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||||||
| funds | funds | |||||||||
| £ | £ | |||||||||
| Fund balances at 31 December 2020 as represented by: | ||||||||||
| Current assets | 38,349 | 38,349 | ||||||||
| Current liabilities | (5,214 | ) | (5,214 | ) | ||||||
| 33,135 | 33,135 | |||||||||
| 8. | Unrestricted funds | At | At | |||||||
| 1 January | Incoming | **Outgoing ** | 31 | December | ||||||
| 2020 | resources | resources | 2020 | |||||||
| £ | £ | £ | £ | |||||||
| General funds | 10,350 | 141,494 | ) (118,709 |
33,135 |
Purposes of unrestricted funds
The unrestricted funds of the Trust are expendable at the discretion of the Trustees in furtherance of the objectives of the charity.
Page 9