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← Destiny House Church

2025-03-31-accounts

DESTINY HOUSE CHURCH

CHARITY NUMBER: 1167234

DESTINY HOUSE CHURCH

REPORT AND FINANCIAL STATEMENTS

UNAUDITED ( )

YEAR ENDED 31[ST] MARCH 2025

J & T LEXINGTON SERVICES LIMITED 8 HOLME CLOSE, REDHILL GRANGE WELLINGBOROUGH NN9 5YF

DESTINY HOUSE CHURCH

Page
CONTENTS 2
Charity information 3
Trustees’ Report 4
Independent Examiner’s report 5
Income and Expenditure Account 6
Balance Sheet 7
Notes to the Accounts 8 – 10

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DESTINY HOUSE CHURCH

REFERENCE AND ADMINISTRATIVE DETAILS

Registered office

7 MARLSTONES NORTHAMPTON NN4 9UZ

Trustees

Immaculate Mabena Rev James chinamasa Josephine Khoza Olasubomi Kafaru

Accountants

J & T Lexington Services Limited 8 Holme Close Redhill Grange Wellingborough NN9 5YF

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DESTINY HOUSE CHURCH

Trustees’ Report

The Trustees have pleasure in submitting their report, and accounts for the year ended 31[st] March 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 9, and comply with the statement of recommended practice.

Constitution, objective of the charity, principal activity.

The charity is governed under CIO - FOUNDATION registered 20 MAY 2016 with charity registration number 1167234 .

The objectives of the charity:

TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS IN THE UK OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT. 2) TO RELIEVE SICKNESS & FINANCIAL HARDSHIP & TO PROMOTE & PRESERVE GOOD HEALTH BY THE PROVISION OF FUNDS, GOODS OR SERVICES OF ANY KIND, PROVISION OF COUNSELLING & SUPPORT IN PARTS OF UK.

The ministry is involved in Christian outreach programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ.

Review of the financial position

The charity made a surplus for the year amounting to £432. (2023 deficit £(353)

Approval

The report was approved by the board of trustees on …………… 2025 and signed on their behalf by:

Rev James chinamasa …………………………….

Trustee

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DESTINY HOUSE CHURCH

Independent Examiner’s Report To the Trustees

DESTINY HOUSE CHURCH

I report on the accounts of the church for the year ended 31[st] March 2025 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees of the church are responsible for the preparation of the accounts: they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act), does not apply. It is my responsibility to:

Basis of Independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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 I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention:

Joseph Kinuthia CPA, DMS, MBA J & T Lexington Services Ltd 8 Holme Close, Redhill Grange Wellingborough NN9 5YF

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DESTINY HOUSE CHURCH

Statement of financial activities for the year ended 31[st] March 2025 Incorporating the Income and Expenditure Account

Note
Incoming Resources
Incoming resources from generated funds
Tithes & offerings
2
Gift Aid Accrued
Gift Aid received
Total Incoming Resources
Resources expended
Charitable activities
Rent
Conferences & Refreshments
Transport
Gifts & Donations
Subsistence
Media, Printing & Stationery
Utility bills
Professional Fees
Storage
Bank Charges
Repairs & Maintenance
Depreciation of fixed assets
Total resources expended
Accountancy fees
Net incoming/ (outgoing) resources
Balance carried forward at 31st March
2025		 2025
£
18,492
6052
-
24,544
6417
2077
1030
4275
7887
384
223
975
-
80
-
181
23,529
250
23,779
765
765		 2024
£
21,539
5801
5,119
32,459
14,729
1557
2,043
25
10,492
690
433
1,267
300
36
-
205
31,777
250
32,027
432
432

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DESTINY HOUSE CHURCH

Balance Sheet as at 31[st] March 2024

Fixed assets
3
Current assets
Debtors
4
Cash at bank and in hand
Creditors-amounts falling
due within one year
5
Net current
assets/(liabilities)
Net assets
Represented by:
Funds of the charity
Reserves
Net incoming resources
Total funds		 6,052
15
6,067
(250)		 2025
£
1,326
5,817
7,143
6,379
764
7,143		 2024
£
1,507
5,119
3
5,122
(250)
4,872
6,379
5,947
432
6,379

The financial statements were approved by the Trustees on …………… 2025 and signed on their behalf by:

Rev James chinamasa…………………………….

Trustee

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DESTINY HOUSE CHURCH

Notes to the financial statements for the year ended 31[st] March 2025

1. Accounting policies

a) Accounting basis

These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Act 1993 and the Statement of Recommended Practice on Accounting by Charities published in March 2008. The adoption of the revised SORP has resulted in reclassification of some items.

b) Incoming resources

i) Voluntary income

Voluntary income is received by way of Tithes offerings, donations and gifts and is included in full in the Statement of Financial Activities when receivable.

c) Resources expended

All expenditure is accounted for on an accruals basis.

d)

Restricted and unrestricted funds

Income received for restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated. Restricted funds are those funds which represent grants and donations for a specific purpose. Upon full performance of the purpose of the grant, any surplus is then retrievable by the donor. Income generated for the objects of the charity without further specified purpose is allocated to unrestricted funds. Accumulated surpluses may be retained by the church and are expendable at the discretion of the trustees in furtherance of the church’s objects. There were no restricted funds during the year.

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DESTINY HOUSE CHURCH

Notes to the financial statements for the year ended 31[st] March 2025

1. Accounting policies (continued)

e) Designated funds

Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees’ discretion. There were no designated funds during the year.

g) Irrecoverable VAT

The church is unable to recover VAT since it does not make taxable supplies. The cost of irrecoverable VAT is not separately analysed in the financial statements.

h)

Cash Flow

The church has taken advantage of the exemptions in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small church.

2. Incoming resources from generated funds

Tithes and offerings Unrestricted
£
18,492
18,492		 Restricted
£
-
-		 Total
funds 2025
£
18,492
18,492

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DESTINY HOUSE CHURCH

Notes to the financial statements for the year ended 31[st] March 2025

3. Tangible fixed assets

Cost
At 1stApril 2024
Additions
At 31stMarch 2025
Depreciation
At 1stApril 2024
Charge
At 31stMarch 2025
Net book value 2025
Net book value 2024		 Church
Equipments
&
Instruments
£
2,594
-
2,594
1,087
181
1,268
1,326
1,507		 Total
£
2,594
-
2,594
1,087
181
1,268
1,326
1,507
4.
Debtors
Hmrc – Gift aid
5.
Creditors		 2025
£
6,052
6,052
Accountancy fees £
250
250

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