HOUSE OF DESTINY MINISTRIES
Trustees Annual Report and Financial Statements for the Year Ended 28th February 2021
Registered Charity Number: 1180251
House of Destiny Ministries Charity Number: 1180251
Contents of the Financial Reports
| Reference and Administrative Details | 2 |
|---|---|
| Report of the Trustees of the for the Year Ended 28th February 2021 | 3 |
| Statement of Financial Activities for the Year Ended 28th February 2021 | 8 |
| Notes to the Accounts for the Year Ended 28th February 2021 | 10 |
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House of Destiny Ministries Charity Number: 1180251
Reference and Administrative Details
Registered Charity number
1180251
Principal address
23 Weavers Croft CROOK DL15 8JY
Trustees
Kenneth Kanyangu Chairperson Amos Bwanya Andrew Kanyangu
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House of Destiny Ministries Charity Number: 1180251
Report of the Trustees of the for the Year Ended 28th February 2021
The trustees present their annual report and financial statements of the charity for the Year Ended 28th February 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) published on 16 July 2014. The report takes account of the requirement for Trustees to report annually on public benefit and the Trustees have had regard to the Charity Commission's guidance on public benefit.
Our Charitable Objectives and Activities
House of Destiny Ministries is a Christian Church based in Washington, Sunderland, Tyne and Wear, England.
The main objective of the church is to advance the gospel of Jesus Christ in accordance with the Holy Scriptures.
House of Destiny Ministries, whose founding Pastor is Kenneth Kanyangu, is an independent evangelical church based in The United Kingdom and has a branch in Kamloops, Canada. Current congregants are drawn mainly from Tyne and Wear, and surrounding areas such as Middlesbrough, Durham and Northumbria.
Structure, Governance and Management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity and is also registered with the Charities Commission with the charity number 1180251.
House of Destiny Ministries is guided by, The Bible and the Church Constitution. The day-to-day affairs of the church are overseen by the Resident Pastor, who is assisted by a body of Church Elders. The Resident Pastor is the Chairman of the Church Board. Other Elders are appointed as, the Vice Chairman, Secretary, Administrator, Youth leader, Elders in charge of the Men’s, Women’s, Youth and Sunday School leaders.
Church Leadership
The Church Board is responsible for the day-to-day operations of the charity and managing the volunteers of the charity on behalf of the Trustees. The Pastor is the chairman of the Church Board. The Leadership Team comprises:
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●Pastor K Kanyangu Chairman
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●Mrs A Kanyangu Committee Member
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●Elder A Bwanya Vice Chairman ●Elder E Zimuto Secretary ●Elder A Kanyangu (Mr) Administrator ●Elder E Mutsvairo Finance ●Elder J Bwanya Committee Member
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House of Destiny Ministries Charity Number: 1180251
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●Elder G Matongo Committee Member ●Elder V Matongo Committee Member
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●Elder M Mutsvairo Committee Member
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●Elder C Godzongi Committee Member
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●Elder D Mbwanda Committee Member
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●Elder B Kanyangu Committee Member
The leadership team serve the charity on a voluntary basis and does not get paid.
Appointment of Trustees, Induction and Training
Trustees are responsible for recruiting new trustees. When new Trustees are appointed, they are provided with an information pack containing copies of the governing documents, annual report, strategic plan, core documents and other supporting papers.
Each new Trustee is linked with an existing Trustee for induction. Training is made available as required and can include providing suitable publications, in-house updates and external events.
Charitable Activities
House of Destiny Ministries plans and carries out a number of activities throughout the year. These activities are tailored to suit different groups within the congregation and in the wider Tyne and Wear community where the church is based.
House of Destiny Ministries also works in harmony with other community organisation within Washington and surrounding areas. All the activities singularly and collectively have the objective of equipping and strengthening individuals, families and the community at large in the Christian faith.
The Board of Trustees and Elders Committee is grateful to the Church committees, leaders in various departments of the Church and the entire congregation for the excellent individual and collective effort in pursuit of the mission of the Church. Below are some of the activities implemented in the reporting period.
Sunday Services
Every Sunday there is a 3-hour church service for preaching, teaching, worship (singing) and prayer. These services, which are conducted at the main Church building [Gethsemane Revival Centre] in Rickleton, Washington, are open to everyone - regular attendees and visitors alike.
For the reporting period, the average Sunday service attendance has been erratic due to Covid 19 pandemic both as a result to shutdown imposed by government and as well as personal decisions due to the need for one to isolate. This situation also necessitated to stream the services online, which provided options for individual either attend services online or in person.
Men's Fellowship
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House of Destiny Ministries Charity Number: 1180251
The church conducts quarterly, Saturday meetings for men with the objective of equipping men for their roles in families, the church and society at large. House of Destiny Ministries men also participate in seminars and conferences as the program or time may permit. During the reporting period, the Men's meetings were suspended in response to the Covid 19 pandemic.
Ladies' Fellowship
Similarly, Ladies' Union meet quarterly and their activities are key feature of the church programme. These activities also include seminars and conferences, all with the collective objective of empowering women with biblical principles for use in their roles in families, the church, the community, business, or work environment. Some of the teachings at the Ladies Union meetings during the reporting period were on parenting and raising children in a Christian environment, health and social care, a Christian woman at home and in society and prayer. These meeting include single and married women, widows, and single parent mothers. These were also suspended in response to the Covid 19 pandemic.
Youth Ministry
House of Destiny Ministries also hosts monthly meetings for youths and young adults which are meant to enable them to learn about the Gospel and also facilitating them to live out their faith whilst contributing positively to their families, the church and the wider community. The youths also play a role in community outreach and charity events, and helping out in the church through activities such as ushering and teaching in the Children's Ministry. Meetings continued on line.
Children's Ministry
House of Destiny Ministries has a vibrant Ministry for children between the ages of 4 and 16 years. These classes are conducted every Sunday, and are held by DBS-checked teachers for an hour in separate rooms for different age groups.
Prayer Meetings, Bible Study, Missions and Cell Groups
Continuing pastoral care, fellowship and church growth activities take place through various weekly programmes such as prayer meetings on Tuesdays, Cell Groups/Home Groups and new missions on Wednesdays and prayers on Fridays. The Ministry has offered comprehensive spiritual and other necessary support to members and other believers in times of illness or bereavement. These meetings intensified in response to the Covid 19 pandemic, howbeit online.
Volunteers
The Trustees would like to thank all the volunteers and workers who work tirelessly to make sure our church is run smoothly. We would also like to extend our greatest appreciation to the church departments such as the hospitality and decorations team, ushering, information and publicity, children and youth ministries, praise and worship team, ladies and men's fellowship for their unwavering commitment towards making the church a vibrant community. These were also suspended in response to the Covid 19 pandemic.
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House of Destiny Ministries Charity Number: 1180251
Financial Review
Income
Income for the year FY2021 increased by 2.6%% compared to the previous year with the bulk of the income coming from Tithes and Offering, total income increased from £67k to £69k.
Income from tithes and offerings was 95% of the church's voluntary income, other income was at £2k.
Expenditure
Resources expended totalled £52k down from £62k in FY2020 a decrease of 19%; Expenditure continues to be closely monitored, efficiency and sustainable use of our resources is encouraged in every area of our work.
Reserves
Reserves provide a cushion in the event of shortfalls in income compared to the budget so that charitable activities can be planned and undertaken when intended.
Total reserves have decreased. At the end of the year, reserves were at £17k.
The minimum level of reserves deemed to be required is based on the budgeted expenditure for the next year, with the aim being for general reserves to be between two and four months’ expenditure with a target of three months; plus an amount to cover any contingency or risk anticipated.
Risk Management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. In addition, the Trustees have also considered the major risks to which the charity is exposed and have reviewed those risks, establishing systems and procedures to manage major risks.
The positive risk management strategy adopted by the Trustees comprises:
- ●Quarterly review of the major risks of the charity, the overall risk map, movement in risks, actions taken and an updated risk map presented and discussed at each Trustee meeting;
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House of Destiny Ministries Charity Number: 1180251
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●Ongoing systems and procedures to mitigate major risks identified;
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●Implementation of procedures designed to minimise any potential impact on the charity should these risks materialise.
This strategy of positive risk management identifies significant risks, along with the probability of such risks occurring, the likely level of impact, together with mitigating action. Particular attention is given to those risks having the potential to have the greatest impact on the charity such as reputation, finance, funding, international partnerships and child protection. Procedures to mitigate other identified significant risks are implemented covering areas such as staff retention, erosion of values, mission drift, key relationships and efficiency. Significant opportunities and threats are discussed in more detail at the Trustee meetings.
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House of Destiny Ministries Charity Number: 1180251
Statement of Trustees’ Responsibilities
The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.
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 charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the Board of Trustees
Pastor Kenneth Kanyangu Chair of Trustees
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House of Destiny Ministries Charity Number: 1180251
Statement of Financial Activities for the Year Ended 28th February 2021
All of the Charity’s activities are considered as continuing.
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House of Destiny Ministries Charity Number: 1180251
Balance Sheet as at 28 February 2021
The accounts were approved by the Board of Trustees 15 October 2021 and were signed on their behalf by:
Pastor Kenneth Kanyangu Chair of Trustees
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House of Destiny Ministries Charity Number: 1180251
Notes to the Accounts for the Year Ended 28th February 2021
1. Accounting Policies
Accounting convention
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) issued on 16th July, 2014 and the Charities Act 2011.
The Trustees have chosen to early adopt the Update Bulletin 1 issued by the Charities Commission on 2nd February, 2016 which exempts the charity from the need to prepare a Statement of Cash Flows.
The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Building 2% reducing balance Equipment, Furniture & fittings 2% reducing balance
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
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House of Destiny Ministries Charity Number: 1180251
Notes to the Accounts Continue ….
2. Staff Costs
No employees received emoluments in excess of £60,000.
3. Trustees’ Remuneration
There were no trustees' remuneration or other benefits for the Year Ended 28th February 2021
There were no trustees' expenses paid for the Year Ended 28th February 2021.
4. Tangible Fixed Assets
5. Debtors
Amounts falling due within one year
6. Creditors:
Amounts falling due within one year
7. Contingencies
The Trustees have confirmed that there were no contingent liabilities which need to be disclosed.
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