Digitally Signed Document Document ID: 9C0C8D552CFF1D ## Document Details: **----- Start of picture text -----**
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.
**----- End of picture text -----**
## Digital Certificate The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with. **----- Start of picture text -----**
On behalf of: Lewis Smith & Co.
PDF digital certificate: IRIS Software Group Limited
Digital certificate issued by: GlobalSign
**----- End of picture text -----**
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 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: 1. 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 3. 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 4. 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: **----- Start of picture text -----**
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.
**----- End of picture text -----**
## Digital Certificate The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with. **----- Start of picture text -----**
On behalf of: Lewis Smith & Co.
PDF digital certificate: IRIS Software Group Limited
Digital certificate issued by: GlobalSign
**----- End of picture text -----**
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 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: 1. 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 3. 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 4. 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: 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 ‘letter of representation’ 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 The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with. **----- Start of picture text -----**
On behalf of: Lewis Smith & Co.
PDF digital certificate: IRIS Software Group Limited
Digital certificate issued by: GlobalSign
**----- End of picture text -----**
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: