2023-03-31-accounts - Destiny Life Church Ltd

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			Page
Report ofthe Trustees		1	to	4
Independent Examiner's	Report
Statetuent ofFinancial	Activities
Balance Sheet		7	to	8
Notes to thc Financial Statements		9	to	20

					2023	2022
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes		8
FIXEDASSETS
Tangible assets		11	881,458	10,166	891,624	916,655
CURRENT ASSETS
Debtors		12	3,667		3,667	2,314
Cash at bank and in hand			8,156	512	8,668	17,756
			11,823	512	12,335	20,070
CREDITORS
Amounts falling due within	one year	13	(30,959)		(30,959)	(30,053)
NET CURRENT ASSETS			(19,136)	512	(18,624)	(9,983)
TOTAL ASSETSLESSCURRENT
LIABILITIES			862,322	10,678	873,000	906,672
CREDITORS
Amounts falling due ager more than one year		14	(266,998)		(266,998)	(295,655)
NET ASSETS			595,324	10,678	606,002	611,017
FUNDS		17
Unrestricted I'unds					595,324	587,788
Restricted funds					10,678	23,229
TOTAL FUNDS					606,002	611,017

	for thc	for thc	Year En&lcd 31 March 2023
3.	DONATIONS AND LEGACIES
				2023	2022
	Donations			76,566	75,729
	Gift aid			9,532	9,964
	Grants				20,276
				86,098	105,969
	Grants received, included	in the above, are	as follows:
				2023	2022
				f.
	HMRC JRS Furlough Giants				592
	Faithworks				19,684
					20,276
4.	OTHER TRADING ACTIVITIES
				2023	2022
					f
	Other income			6,262	5,407
5.	INVESTMENT INCOME
				2023	2022
	Interest receivable - trading			5
	INCOME FROM CHARITAIILE ACTIVITIES
				2023	2022
		Activity
	Rental Income	Ministry,	outreach costs	11,625	7,938
7.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated atter charging/(crediting):
				2023	2022
	Depreciation - owned assets			25,831	26,699
	Hire ofplant and machinery			588	1,195
	Sutptus on disposal offixed assets				(345)
	Independent examination			1,800	1,740

STAFF COSTS
				2023	2022
				f.
Wages and salaries				31,423	28,452
Social security costs				81
Other pension cosis					14
				31,504	28,466
The average monthly	number ofemployees		during the year was as follows;
				2023	2022
Statf (head count)				4	3
No employees received emoluments		in excess of860,000,
COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	I'unds	funds
INCOME AND ENDOWMENTS		FROM
Donations and legacies			86,235	19,734	105,969
Charitable activities
Ministty, outreach costs			7,938		7,938
Other ttuding activities			5,407		5,407
investment income			I		I
Other income			345		345
Total			99,926	19,734	119,660
EXPENDITURE ON
Raising funds			13,549		13,549
Charitable activities
Governance costs			2,064		2,064
Ministty, outreach costs			69,690	13,734	83,424
Total			85,303	13,734	99,037

			Notes to the Financial Statements for the Year Ended 31 March	—continued 2023
10.	COMPARATIVES		I"ORTHE STATEMENT OF FINANCIAL	ACTIVITIES	—continued
				Unrestricted	Restricted	Total
				I'unde	funds	funds
					f,	f
	NET INCOME			14,623	6,000	20,623
	Transfers between	fumls		19,684	(19,684)
	Net movement ia fumls			34,307	(13,684)	20,623
	RECONCILIATION		Olr FUNDS
	Total funds brought	forward		553,481	36,913	590,394
	TOTAL FUNDS CARRIED FORWARD			587,788	23,229	611,017
11.	TANGIBLE FIXEDASSETS
				Fixtures
			Freehold	and	Computer
			pl'opei'tv	fittings	equipment	Totals
	COST
	At I April 2022		975,000	117,735	1,180	1,093,915
	Additions			800		800
	At 31 March 2023		975,000	118,535	1,180	1,094,715
	DEPRECIATION
	At I April 2022		82,978	93,102	1,180	177,260
	Charge for year		20,745	5,086		25,831
	At 31 March 2023		103,723	98,188	1,180	203,091
	NET SOOK VALUE
	At 31 Mmch 2023		871,277	20,347		891,624
	At 31 March 2022		892,022	24,633		916,655


12.	DEBTORS:AMOUNTS		IrALLING DUE WITHIN ONE YEAR
				2023	2022
				f,
	Trade debtors			317	180
	Other debtors			3,350	2,134
				3,667	2,314
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2023	2022
				f.
	Bank loans and overdrails		(see note 15)	24,021	21,325
	Other loans (see note 15)			3,138	3,045
	Trade creditors			459	2,194
	Social security and other taxes			1,281	1,231
	Other creditotu			260	518
	Accruals and deferred	income		1,800	1,740
				30,959	30,053
14.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2023	2022
	Bank loans (see note 15)			245,115	270,634
	Other loans (see note 15)			21,883	25,021
				266,998	295,655
15.	LOANS
	An analysis ofthe maturity		ofloans is given below:
				2023	2022
	Amounts falling due tv)thin one year on demand:
	Bank loans			24,021	21,325
	Other loans			3,138	3,045
				27,159	24,370
	Amounts falling between one and two years:
	Bank loans - 1-2years			24,177	23,392
	Other loans - 1-2 years			3233	3,138
				27,410	26,530

LOANS -	continued
				2023	2022
				f
Amounts falling due beiween		iivo and five	years:
Bank loans	- 2-5 yeats			107,513	107,752
Other loans	- 2-5 years			10,298	9,995
				117,811	117,747
Amounts falling due in more than five years:
Repayable	by instalments:
Bank loans	more 5 yr by instal			113,425	139,490
Other loans	more 5yrs instal			8,352	11,888
				121,777	151,378
SECURED DEBTS
The following secured debts are included			ivithin creditors:
				2023	2022
				f	f
Bank loans				269,136	291,959