2021-03-31-accounts - New Nation Destiny Centre (NNDC)

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New Nation Destiny Centre - Accounts For YE
Filename:
31-03-2021.PDF
Client of: Lewis Smith & Co.
Signature Details
Name: Michael Dacosta
Email: michael.dacosta1@googlemail.com
Date & Time: 12/01/2022 10:33:41 (GMT)
IP Address: 82.27.34.10
The trustees approve the financial statements and confirm
Signing Statement: that they will form part of the charity's annual return filing
with the Charity Commission.
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REGISTERED COMPANY NUMBER: CE018125 (England and Wales) REGISTERED CHARITY NUMBER: 1184298

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2021

for

New Nation Destiny Centre (NNDC)

Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW

New Nation Destiny Centre (NNDC)

Contents of the Financial Statements for the Year Ended 31 March 2021

		Page
Reference and Administrative Details		1
Report of the Trustees	2	to	5
Independent Examiner's Report		6
Statement of Financial Activities		7
Balance Sheet	8	to	9
Notes to the Financial Statements	10	to	14
Detailed Statement of Financial Activities	15	to	16

New Nation Destiny Centre (NNDC)

Reference and Administrative Details for the Year Ended 31 March 2021

TRUSTEES

Rev M A Da Costa Pastor M V Da Costa Pastor S J Harris Dr K N Miller Ms I Folarin-Smith

REGISTERED OFFICE

Holloway Hall Court Passage Dudley West Midlands DY1 1EX

REGISTERED COMPANY CE018125 (England and Wales) NUMBER

REGISTERED CHARITY NUMBER 1184298

INDEPENDENT EXAMINER

Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW

Page 1

New Nation Destiny Centre (NNDC)

Report of the Trustees

for the Year Ended 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To advance the Christian religion in the UK and other parts of the world for the benefit of the public through the provision of a place of worship, holding of prayer meetings, lectures and training courses, pastoral care and outreach work.

Page 2

New Nation Destiny Centre (NNDC)

for the Year Ended 31 March 2021

Report of the Trustees

OBJECTIVES AND ACTIVITIES

Significant activities

As Trustees, when planning all activities to advance the Christian religion, we have the benefit of the public at the forefront of all we do to ensure the charity’s objectives are achieved.

During the pandemic months whilst it has meant that a few annual events could not go ahead as it has been critical to ensure that we protect and safeguard the volunteers, whilst being aware there was still the need to reach the public in a time where many are fearful and isolated. This involved not only moving all resources and communication online but also expanding and increasing online activity.

We continue to carry out missionary work in Sierra Leone where we aid the functioning of two primary schools for disadvantaged children in Freetown & Makeni, Sierra Leone. We send resources, clothes, stationary and equipment throughout the year and also assist in supporting the teaching staff at all schools also. Our Partnering church In Sierra Leone who oversee all the schools is Destiny International Worship Centre under the Stewardship of Pastors Olubimie & Ella SylMacfoy.

The main activities undertaken for the public benefit included:

Prayer and Fasting

Throughout the year the church has regular times of prayer meetings and annual start of the year times of fasting and focus for the year ahead. This is always a key start and focus to the year for the church as we set out our plans for the year ahead and prayerfully put our plans in prayer.

The Cave

Group of men aged 18 and over meet to discuss life issues e.g. mental health, family, finance etc.

The Journey

Women's gathering for ages 16 and over teaching biblical scripture into everyday life.

Worship Night

An evening of praise and worship and sharing the gospel for all.

DYG Life Skills

A key part of the charity is to support young people in all aspects of life. The Destiny Youth Group has provided biblical study sessions, youth activities, social and wellbeing, life skills, financial skills and career advice and guidance.

EQUIPPED

A conference to train and equip people for the current climate.

Baptism

Opportunity for people to make a public declaration as they give their life to Christ Jesus.

Prophetic Shift

International weekend gathering where the gospel was shared, and prophecies released for the future.

Children's Ministry Activities

NNDC take pride in being able to support families and children in a weekly children's ministry program where children can learn , study and play in a safe environment. The children have participated in regular annual performances, Christmas plays and activities.

Building in the Spirit

As with all the church activities our weekly bible study groups are open to all to benefit from the studies and training to further the gospel of Jesus Christ.

Page 3

New Nation Destiny Centre (NNDC)

for the Year Ended 31 March 2021

Report of the Trustees

OBJECTIVES AND ACTIVITIES

Outreach:

Missions - Raffle and donations raised funds to actively support our international missions’ connection in Makeni & Freetown, Sierra Leone by sending funds raised to the Destiny International Worship Centre (DIWC) for young school children.

Prayer Line - Cards produced with prayer line telephone number and distributed locally. The prayer line is monitored throughout the year.

Clothes/Coats - Donated to a local charity shop that supports the homeless and under privileged.

Blessed 2 Bless - Continue to provide support to a Birmingham charity to pack and distribute food to serve in the soup kitchen each Saturday.

Contribution made by volunteers

All departments are led by volunteers who are trained or experienced for the roles and therefore carry out responsibilities to a professional standard. The Charity does not desire at this stage to attach any monetary value to volunteer work. Volunteers regularly and freely donate their time and effort in support of varying projects and activities that the church provides.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During the pandemic months it has been critical to ensure that we protect and safeguard the volunteers whilst creatively reaching the public by moving all resources and means of communication online. Not only has this been a huge achievement but has resulted in the charity reaching more UK cities and countries whilst the search continues for larger premises for all the charity’s activities once all restrictions are lifted.

With that said, the main activities undertaken for the public benefit during the financial year 1st April 2020 to 31st March 2021, the charity has achieved a greater online presence enabling the charity to reach more people than would ordinarily be reached.

The charity continues to host and deliver a number of online gatherings, training and conferences to the public throughout this time including:

Weekly Wednesday Bible Study
Weekly Sunday service
Weekly Saturday time of prayer
Children’s Ministry which involved individual recordings from children being amalgamated into an Easter play. - Equipped Training
Men’s fellowship
Prophetic Shift conference
Fund raising raffle
Youth online cooking sessions

FINANCIAL REVIEW

Financial position

The charity had net income for the year of £11,129. At the year end the charity had net assets of £24,574, all of which where unrestricted funds.

Principal funding sources

Primarily from tithes and offerings and third-party donations.

Page 4

New Nation Destiny Centre (NNDC)

Report of the Trustees for the Year Ended 31 March 2021

FINANCIAL REVIEW

Reserves policy

The charity does not have a reserves policy. The charity has a main treasurers account for the day-to-day management of charitable activities, a building fund account, a youth account, and conference account which are designated fund accounts and hold reserves if required to be used.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a Charitable Incorporated Organisation controlled by the Foundation Model which was registered on 8 July 2019.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

..........................................................................

Rev M A Da Costa - Trustee

Page 5

Independent Examiner's Report to the Trustees of New Nation Destiny Centre (NNDC)

Independent examiner's report to the trustees of New Nation Destiny Centre (NNDC) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr C A Beale FCCA Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW

Date: .............................................

Page 6

New Nation Destiny Centre (NNDC)

Statement of Financial Activities for the Year Ended 31 March 2021

			Period
			8.7.19
		Year Ended	to
		31.3.21	31.3.20
		Unrestricted	Total
		funds	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		43,720	49,296
Other trading activities	2	1,253	1,346
Investment income	3	2	1
Total		44,975	50,643
EXPENDITURE ON
Charitable activities
Overheads		33,846	40,117
NET INCOME		11,129	10,526
RECONCILIATION OF FUNDS
Total funds brought forward		13,445	2,919
TOTAL FUNDS CARRIED FORWARD		24,574	13,445

The notes form part of these financial statements

Page 7

New Nation Destiny Centre (NNDC)

Balance Sheet

31 March 2021

		31.3.21	31.3.20
		Unrestricted	Total
		funds	funds
	Notes	£	£
FIXED ASSETS
Tangible assets	7	2,607	1,372
CURRENT ASSETS
Debtors	8	-	500
Cash at bank		23,407	11,573
		23,407	12,073
CREDITORS
Amounts falling due within one year	9	(1,440)	-
NET CURRENT ASSETS		21,967	12,073
TOTAL ASSETS LESS CURRENT
LIABILITIES		24,574	13,445
NET ASSETS		24,574	13,445
FUNDS	10
Unrestricted funds		24,574	13,445
TOTAL FUNDS		24,574	13,445

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

continued...

Page 8

New Nation Destiny Centre (NNDC)

Balance Sheet - continued

31 March 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Rev M A Da Costa - Trustee

............................................. Ms I Folarin-Smith - Trustee

The notes form part of these financial statements

Page 9

New Nation Destiny Centre (NNDC)

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The presentation currency of the financial statements is the Pound Sterling (£) and the figures are rounded to the nearest round pound.

The financial statements have been prepared on a going concern basis.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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 each asset over its estimated useful life.

Equipment - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
		Period
		8.7.19
	Year Ended	to
	31.3.21	31.3.20
	£	£
Fundraising events proceeds	890	1,056
Books and other income	273	-
Refunds	90	290
	1,253	1,346

continued...

Page 10

New Nation Destiny Centre (NNDC)

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

3. INVESTMENT INCOME

3.	INVESTMENT INCOME
				Period
				8.7.19
		Year Ended		to
		31.3.21		31.3.20
		£		£
	Bank interest received		2	1
4.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure) is stated after charging/(crediting):
				Period
				8.7.19
		Year Ended		to
		31.3.21		31.3.20
		£		£
	Depreciation - owned assets	754		-
	Other operating leases	8,360		9,236
5.	TRUSTEES' REMUNERATION AND BENEFITS
				Period
				8.7.19
		Year Ended		to
		31.3.21		31.3.20
		£		£
	Trustees' salaries	3,850		-
	Trustees' expenses
	There were no trustees' expenses paid for the year ended 31 March 2021 nor for the	period ended	31	March 2020.
6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted
				funds
				£
	INCOME AND ENDOWMENTS FROM
	Donations and legacies			49,296
	Other trading activities			1,346
	Investment income			1
	Total			50,643
	EXPENDITURE ON
	Charitable activities
	Overheads			40,117
	NET INCOME			10,526

continued...

Page 11

New Nation Destiny Centre (NNDC)

Notes to the Financial Statements-continued	Notes to the Financial Statements-continued
for the	Year Ended 31 March 2021
6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
			Unrestricted
			funds
			£
	RECONCILIATION OF FUNDS
	Total funds brought forward		2,919
	TOTAL FUNDS CARRIED FORWARD		13,445
7.	TANGIBLE FIXED ASSETS
			Equipment
			£
	COST
	At 1 April 2020		1,372
	Additions		1,989
	At 31 March 2021		3,361
	DEPRECIATION
	Charge for year		754
	NET BOOK VALUE
	At 31 March 2021		2,607
	At 31 March 2020		1,372
8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.3.21		31.3.20
	£		£
	Loan	-	500

During the year the loan of £500 from the previous year was written off by the charity. The loan was made to Rev M A Da Costa who is a trustee of the charity.

continued...

Page 12

New Nation Destiny Centre (NNDC)

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.3.21	31.3.20
			£	£
	Accrued expenses		1,440	-
10.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.4.20	in funds	31.3.21
		£	£	£
	Unrestricted funds
	Main account	6,048	7,644	13,692
	Building account	4,165	4,182	8,347
	Youth account	1,648	20	1,668
	Conference account	1,584	(862)	722
	Missions account	-	145	145
		13,445	11,129	24,574
	TOTAL FUNDS	13,445	11,129	24,574
	Net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£
	Unrestricted funds
	Main account	43,328	(35,684)	7,644
	Building account	1,302	2,880	4,182
	Youth account	20	-	20
	Conference account	80	(942)	(862)
	Missions account	245	(100)	145
		44,975	(33,846)	11,129
	TOTAL FUNDS	44,975	(33,846)	11,129

continued...

Page 13

New Nation Destiny Centre (NNDC)

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

		Net
		movement	At
	At 8.7.19	in funds	31.3.20
	£	£	£
Unrestricted funds
Main account	570	5,478	6,048
Building account	535	3,630	4,165
Youth account	1,794	(146)	1,648
Conference account	20	1,564	1,584
	2,919	10,526	13,445
TOTAL FUNDS	2,919	10,526	13,445

Comparative net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
Main account	39,743	(34,265)	5,478
Building account	3,621	9	3,630
Youth account	3,842	(3,988)	(146)
Conference account	3,437	(1,873)	1,564
	50,643	(40,117)	10,526
TOTAL FUNDS	50,643	(40,117)	10,526

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 14

New Nation Destiny Centre (NNDC)

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities for the Year Ended 31 March 2021
		Period
		8.7.19
	Year Ended	to
	31.3.21	31.3.20
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations and offerings	43,720	49,296
Other trading activities
Fundraising events proceeds	890	1,056
Books and other income	273	-
Refunds	90	290
	1,253	1,346
Investment income
Bank interest received	2	1
Total incoming resources	44,975	50,643
EXPENDITURE
Support costs
Overheads
Trustees' salaries	3,850	-
Wages	320	-
Rent	8,360	9,236
Utilities	1,282	1,872
Insurance	677	652
Telephone	432	399
Postage and stationery	108	633
Computer costs	1,273	1,181
Bank charges	-	23
Gifts and donations	7,252	5,782
Conference tickets	-	326
Equipment hire	-	184
Event venue and catering	396	9,233
Freelancers	195	420
Resources	4,767	2,734
Travel	-	4,623
Training	875	2,819
Office costs	210	-
Entertainment and gifts	986	-
Carried forward	30,983	40,117

This page does not form part of the statutory financial statements

Page 15

New Nation Destiny Centre (NNDC)

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities for the Year Ended 31 March 2021
		Period
		8.7.19
	Year Ended	to
	31.3.21	31.3.20
	£	£
Overheads
Brought forward	30,983	40,117
Sundry expenses	169	-
Loan written off	500	-
Depreciation of equipment	754	-
	32,406	40,117
Governance costs
Accountancy	1,440	-
Total resources expended	33,846	40,117
Net income	11,129	10,526

This page does not form part of the statutory financial statements

Page 16

Digitally Signed Document Document ID: 9C0C8D552CFF1D

Document Details:

Digital Certificate

Please keep a copy of this document for your records.

REGISTERED COMPANY NUMBER: CE018125 (England and Wales) REGISTERED CHARITY NUMBER: 1184298

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2021

for

New Nation Destiny Centre (NNDC)

Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW

New Nation Destiny Centre (NNDC)

Contents of the Financial Statements for the Year Ended 31 March 2021

		Page
Reference and Administrative Details		1
Report of the Trustees	2	to	5
Independent Examiner's Report		6
Statement of Financial Activities		7
Balance Sheet	8	to	9
Notes to the Financial Statements	10	to	14
Detailed Statement of Financial Activities	15	to	16

New Nation Destiny Centre (NNDC)

Reference and Administrative Details for the Year Ended 31 March 2021

TRUSTEES

Rev M A Da Costa Pastor M V Da Costa Pastor S J Harris Dr K N Miller Ms I Folarin-Smith

REGISTERED OFFICE

Holloway Hall Court Passage Dudley West Midlands DY1 1EX

REGISTERED COMPANY CE018125 (England and Wales) NUMBER

REGISTERED CHARITY NUMBER 1184298

INDEPENDENT EXAMINER

Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW

Page 1

New Nation Destiny Centre (NNDC)

Report of the Trustees

for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES

Objectives and aims

Page 2

New Nation Destiny Centre (NNDC)

for the Year Ended 31 March 2021

Report of the Trustees

OBJECTIVES AND ACTIVITIES

Significant activities

As Trustees, when planning all activities to advance the Christian religion, we have the benefit of the public at the forefront of all we do to ensure the charity’s objectives are achieved.

The main activities undertaken for the public benefit included:

Prayer and Fasting

The Cave

Group of men aged 18 and over meet to discuss life issues e.g. mental health, family, finance etc.

The Journey

Women's gathering for ages 16 and over teaching biblical scripture into everyday life.

Worship Night

An evening of praise and worship and sharing the gospel for all.

DYG Life Skills

EQUIPPED

A conference to train and equip people for the current climate.

Baptism

Opportunity for people to make a public declaration as they give their life to Christ Jesus.

Prophetic Shift

International weekend gathering where the gospel was shared, and prophecies released for the future.

Children's Ministry Activities

Building in the Spirit

As with all the church activities our weekly bible study groups are open to all to benefit from the studies and training to further the gospel of Jesus Christ.

Page 3

New Nation Destiny Centre (NNDC)

for the Year Ended 31 March 2021

Report of the Trustees

OBJECTIVES AND ACTIVITIES

Outreach:

Prayer Line - Cards produced with prayer line telephone number and distributed locally. The prayer line is monitored throughout the year.

Clothes/Coats - Donated to a local charity shop that supports the homeless and under privileged.

Blessed 2 Bless - Continue to provide support to a Birmingham charity to pack and distribute food to serve in the soup kitchen each Saturday.

Contribution made by volunteers

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity continues to host and deliver a number of online gatherings, training and conferences to the public throughout this time including:

Weekly Wednesday Bible Study
Weekly Sunday service
Weekly Saturday time of prayer
Children’s Ministry which involved individual recordings from children being amalgamated into an Easter play. - Equipped Training
Men’s fellowship
Prophetic Shift conference
Fund raising raffle
Youth online cooking sessions

FINANCIAL REVIEW

Financial position

The charity had net income for the year of £11,129. At the year end the charity had net assets of £24,574, all of which where unrestricted funds.

Principal funding sources

Primarily from tithes and offerings and third-party donations.

Page 4

New Nation Destiny Centre (NNDC)

Report of the Trustees for the Year Ended 31 March 2021

FINANCIAL REVIEW

Reserves policy

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a Charitable Incorporated Organisation controlled by the Foundation Model which was registered on 8 July 2019.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

..........................................................................

Rev M A Da Costa - Trustee

Page 5

Independent Examiner's Report to the Trustees of New Nation Destiny Centre (NNDC)

Independent examiner's report to the trustees of New Nation Destiny Centre (NNDC) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

Mr C A Beale FCCA Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW

Date: .............................................

Page 6

New Nation Destiny Centre (NNDC)

Statement of Financial Activities for the Year Ended 31 March 2021

			Period
			8.7.19
		Year Ended	to
		31.3.21	31.3.20
		Unrestricted	Total
		funds	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		43,720	49,296
Other trading activities	2	1,253	1,346
Investment income	3	2	1
Total		44,975	50,643
EXPENDITURE ON
Charitable activities
Overheads		33,846	40,117
NET INCOME		11,129	10,526
RECONCILIATION OF FUNDS
Total funds brought forward		13,445	2,919
TOTAL FUNDS CARRIED FORWARD		24,574	13,445

The notes form part of these financial statements

Page 7

New Nation Destiny Centre (NNDC)

Balance Sheet

31 March 2021

		31.3.21	31.3.20
		Unrestricted	Total
		funds	funds
	Notes	£	£
FIXED ASSETS
Tangible assets	7	2,607	1,372
CURRENT ASSETS
Debtors	8	-	500
Cash at bank		23,407	11,573
		23,407	12,073
CREDITORS
Amounts falling due within one year	9	(1,440)	-
NET CURRENT ASSETS		21,967	12,073
TOTAL ASSETS LESS CURRENT
LIABILITIES		24,574	13,445
NET ASSETS		24,574	13,445
FUNDS	10
Unrestricted funds		24,574	13,445
TOTAL FUNDS		24,574	13,445

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

continued...

Page 8

New Nation Destiny Centre (NNDC)

Balance Sheet - continued

31 March 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Rev M A Da Costa - Trustee

............................................. Ms I Folarin-Smith - Trustee

The notes form part of these financial statements

Page 9

New Nation Destiny Centre (NNDC)

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The presentation currency of the financial statements is the Pound Sterling (£) and the figures are rounded to the nearest round pound.

The financial statements have been prepared on a going concern basis.

Income

Expenditure

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
		Period
		8.7.19
	Year Ended	to
	31.3.21	31.3.20
	£	£
Fundraising events proceeds	890	1,056
Books and other income	273	-
Refunds	90	290
	1,253	1,346

continued...

Page 10

New Nation Destiny Centre (NNDC)

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

3. INVESTMENT INCOME

3.	INVESTMENT INCOME
				Period
				8.7.19
		Year Ended		to
		31.3.21		31.3.20
		£		£
	Bank interest received		2	1
4.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure) is stated after charging/(crediting):
				Period
				8.7.19
		Year Ended		to
		31.3.21		31.3.20
		£		£
	Depreciation - owned assets	754		-
	Other operating leases	8,360		9,236
5.	TRUSTEES' REMUNERATION AND BENEFITS
				Period
				8.7.19
		Year Ended		to
		31.3.21		31.3.20
		£		£
	Trustees' salaries	3,850		-
	Trustees' expenses
	There were no trustees' expenses paid for the year ended 31 March 2021 nor for the	period ended	31	March 2020.
6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted
				funds
				£
	INCOME AND ENDOWMENTS FROM
	Donations and legacies			49,296
	Other trading activities			1,346
	Investment income			1
	Total			50,643
	EXPENDITURE ON
	Charitable activities
	Overheads			40,117
	NET INCOME			10,526

continued...

Page 11

New Nation Destiny Centre (NNDC)

Notes to the Financial Statements-continued	Notes to the Financial Statements-continued
for the	Year Ended 31 March 2021
6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
			Unrestricted
			funds
			£
	RECONCILIATION OF FUNDS
	Total funds brought forward		2,919
	TOTAL FUNDS CARRIED FORWARD		13,445
7.	TANGIBLE FIXED ASSETS
			Equipment
			£
	COST
	At 1 April 2020		1,372
	Additions		1,989
	At 31 March 2021		3,361
	DEPRECIATION
	Charge for year		754
	NET BOOK VALUE
	At 31 March 2021		2,607
	At 31 March 2020		1,372
8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.3.21		31.3.20
	£		£
	Loan	-	500

During the year the loan of £500 from the previous year was written off by the charity. The loan was made to Rev M A Da Costa who is a trustee of the charity.

continued...

Page 12

New Nation Destiny Centre (NNDC)

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.3.21	31.3.20
			£	£
	Accrued expenses		1,440	-
10.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.4.20	in funds	31.3.21
		£	£	£
	Unrestricted funds
	Main account	6,048	7,644	13,692
	Building account	4,165	4,182	8,347
	Youth account	1,648	20	1,668
	Conference account	1,584	(862)	722
	Missions account	-	145	145
		13,445	11,129	24,574
	TOTAL FUNDS	13,445	11,129	24,574
	Net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£
	Unrestricted funds
	Main account	43,328	(35,684)	7,644
	Building account	1,302	2,880	4,182
	Youth account	20	-	20
	Conference account	80	(942)	(862)
	Missions account	245	(100)	145
		44,975	(33,846)	11,129
	TOTAL FUNDS	44,975	(33,846)	11,129

continued...

Page 13

New Nation Destiny Centre (NNDC)

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

		Net
		movement	At
	At 8.7.19	in funds	31.3.20
	£	£	£
Unrestricted funds
Main account	570	5,478	6,048
Building account	535	3,630	4,165
Youth account	1,794	(146)	1,648
Conference account	20	1,564	1,584
	2,919	10,526	13,445
TOTAL FUNDS	2,919	10,526	13,445

Comparative net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
Main account	39,743	(34,265)	5,478
Building account	3,621	9	3,630
Youth account	3,842	(3,988)	(146)
Conference account	3,437	(1,873)	1,564
	50,643	(40,117)	10,526
TOTAL FUNDS	50,643	(40,117)	10,526

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 14

New Nation Destiny Centre (NNDC)

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities for the Year Ended 31 March 2021
		Period
		8.7.19
	Year Ended	to
	31.3.21	31.3.20
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations and offerings	43,720	49,296
Other trading activities
Fundraising events proceeds	890	1,056
Books and other income	273	-
Refunds	90	290
	1,253	1,346
Investment income
Bank interest received	2	1
Total incoming resources	44,975	50,643
EXPENDITURE
Support costs
Overheads
Trustees' salaries	3,850	-
Wages	320	-
Rent	8,360	9,236
Utilities	1,282	1,872
Insurance	677	652
Telephone	432	399
Postage and stationery	108	633
Computer costs	1,273	1,181
Bank charges	-	23
Gifts and donations	7,252	5,782
Conference tickets	-	326
Equipment hire	-	184
Event venue and catering	396	9,233
Freelancers	195	420
Resources	4,767	2,734
Travel	-	4,623
Training	875	2,819
Office costs	210	-
Entertainment and gifts	986	-
Carried forward	30,983	40,117

This page does not form part of the statutory financial statements

Page 15

New Nation Destiny Centre (NNDC)

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities for the Year Ended 31 March 2021
		Period
		8.7.19
	Year Ended	to
	31.3.21	31.3.20
	£	£
Overheads
Brought forward	30,983	40,117
Sundry expenses	169	-
Loan written off	500	-
Depreciation of equipment	754	-
	32,406	40,117
Governance costs
Accountancy	1,440	-
Total resources expended	33,846	40,117
Net income	11,129	10,526

This page does not form part of the statutory financial statements

Page 16

Digitally Signed Document Document ID: 130E8BBA2C6499

Document Details:

----- Start of picture text -----
New Nation Destiny Centre - Letter of Representation YE
Filename:
31-03-2021.pdf
Client of: Lewis Smith & Co.
Signature Details
Name: Michael Dacosta
Email: michael.dacosta1@googlemail.com
Date & Time: 12/01/2022 10:34:20 (GMT)
IP Address: 82.27.34.10
We confirm that the â€˜letter of representationâ€™ in
connection with the financial statements for the year ended
Signing Statement: 31/03/2021 is to the best of our knowledge and belief true
and fair, bearing in mind the requirements of the Charities
Act.
----- End of picture text -----

Digital Certificate

Please keep a copy of this document for your records.

New Nation Destiny Centre (NNDC)

Holloway Hall Court Passage Dudley West Midlands DY1 1EX

Lewis Smith & Co Chartered Certified Accountants “The Old Doctor’s House” 74 Grange Road Dudley West Midlands DY1 2AW

Dear Sirs

We confirm that the following information in connection with the financial statements for the year ended 31/03/2021 is to the best of our knowledge and belief true and fair, bearing in mind the requirements of the Companies Act 2006.

1. General

To the best of our knowledge and belief all transactions undertaken by the charity have been properly reflected and recorded in the accounting records and these financial statements and all relevant records have been made available to you. We acknowledge that as directors and trustees, we have fulfilled our responsibilities under the Companies Act 2006 for making accurate representations to yourselves and for the accounts which you prepared for the charity.

2. Accounting Policies

The accounting policies used are detailed in the financial statements and are consistent with those adopted in the previous financial statements. We confirm that there have been no changes in the accounting policies other than those disclosed in the accounts. In our opinion, the accounting policies are appropriate to the charity and conform with generally accepted accounting principles. We confirm that all transactions and balances have been accounted for in accordance with these accounting policies.

3. Internal Controls

We acknowledge that it is our responsibility to design and implement a system of internal controls satisfactory to prevent and detect any error or fraud.

4. Fraudulent Activity

We confirm that we have considered the potential risk of fraudulent activities and that you have been made aware of any alleged, suspected or known fraud.

5. Statement of Financial Activities (SOFA)

Except as disclosed in the financial statements, the results for the year were not materially affected by:

transactions of a sort not usually undertaken by the charity,
circumstances of an exceptional or non-recurrent nature,
charges or credits relating to prior periods, or
any change in the basis of accounting.

Any expenditure included in the financial statements (where receipts or vouchers were not available) was properly made in connection with the carrying on of the charity’s business, unless specifically notified to you as being of a private nature.

6. Fixed Assets

The charity has a satisfactory title to all fixed assets included in the financial statements.
No assets were scrapped when we moved premises during the year.
The fixed assets to which the charity has satisfactory title are included in the financial statements.
All amounts of expenditure capitalised in respect of fixed assets as detailed in the financial statements represent expenditure incurred in acquiring additional assets or improving existing assets. No expenditure capitalised is of a revenue nature.
Depreciation has been provided on all fixed assets with a limited economic life in accordance with the stated accounting policy. In our opinion, the rates of depreciation are reasonable.

7. Stocks

We confirm that the charity held no stock and had no work in progress at 31/03/2021.

8. Debtors

Balances included in the financial statements are all valid debtors or prepayments.

9. Liabilities

We confirm that the charity had no liabilities or contingent liabilities other than those disclosed in the financial statements.

10. Capital & Lease Commitments

At 31/03/2021, there were no contracted for commitments for capital expenditure or new lease contracts.

11. Post Balance Sheet Events

No events have occurred (other than those already disclosed or included in the accounts) between the charity’s year end and the date of this letter which could materially affect the financial statements.

12. Transactions With Directors and Trustees

The charity has had at no time during the year any arrangement, transaction or agreement to provide credit facilities (including loans, quasi-loans or credit transactions) for the Directors and Trustees nor to guarantee or provide security for such matters.

13. Laws And Regulations

We confirm that there are no laws or regulations (other than those discussed) that are central to the charity’s ability to conduct its business.

14. Other Related Party Transactions

There were no other related party transactions during the financial year other than those disclosed in the accounts.

15. Going Concern

We confirm that having considered our expectations and intentions for the next twelve months and the availability of funds, the charity is a going concern. We do not expect any continuing impact of the COVID-19 pandemic to have an impact on this assessment.

16. Taxation

We confirm that as a charity, the charity is exempt from Corporation Tax.

17. Funds

We confirm that the analysis of closing funds as stated in the accounts accurately states the closing funds of the charity at 31/03/2021 and correctly splits them between unrestricted, restricted and designated funds.

Yours Faithfully

Pastor Michael Da Costa Idera Folarin-Smith Trustee Trustee

On behalf of New Nation Destiny Centre

Dated: