REGISTERED COMPANY NUMBER: CE018125 (England and Wales) REGISTERED CHARITY NUMBER: 1184298
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2024
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 2024
| 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 |
New Nation Destiny Centre (NNDC)
Reference and Administrative Details for the Year Ended 31 March 2024
TRUSTEES
Rev M A Da Costa Pastor S J Harris (resigned 10.5.23) Dr K N Miller Ms I Folarin-Smith Ms M Cargill (appointed 3.10.23) Ms N Henningham (appointed 18.9.23)
REGISTERED OFFICE
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 2024
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 2024. 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)
Report of the Trustees
for the Year Ended 31 March 2024
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.
Where possible, online streaming is in place to reach people locally as well as nationally and internationally.
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 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.
Journey
Women’s gathering for age 16+ teaching biblical scripture into everyday life and sharing life’s journey.
Worship Night
‘The Well,’ an evening of Praise and Worship and sharing the gospel for all.
DYG (Destiny Youth Group)
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 support, life skills, financial skills and career advice and guidance.
DYA (Destiny Young Adults)
Destiny Young Adults are provided with guidance relating to all aspects of life as they continue to grow through adulthood.
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 two day gathering where the gospel is shared, and prophecies released for the future.
Children's Ministry Activities
NNDC takes 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.
Ladies Night
Time to build/share and laugh.
Page 3
New Nation Destiny Centre (NNDC)
Report of the Trustees
for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Outreach:
Missions - Raffles and donations raised funds to actively support our international missions’ connection in Makeni & Freetown, Sierra Leone by sending educational items for the school and clothing for families to 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.
Blessed 2 Bless - Support the homeless and under privileged by continuing to provide support to a Birmingham charity.
Men’s Online Gathering - Not recorded to allow open and honest fellowship and support.
Street pastoring - One evening per month.
Saturday prayer morning and prayer walk - once per month.
Walk and talks in local nature reserves
Exercise and well-being sessions for Dudley Senior’s over 65’s - once per fortnight.
Supported Easter Half Term programme in collaboration with CreArt.
Offer general advice and support to the community.
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.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Online gatherings and livestreams have been a huge achievement resulting in the charity reaching more people, both in the UK and internationally. With that said, the search continues for larger premises for all the charity’s activities.
-
The charity continues to host and deliver several online gatherings, training and conferences to the public including: - Weekly Sunday service
-
Weekly Saturday time of prayer/Prayer walks
-
Children’s Ministry.
-
Equipped Training
-
Men’s fellowship
-
Journey (women’s conference)
-
Prophetic Shift conference
-
Fund raising
-
Youth & Young Adults – Meet-ups/Retreat.
-
Gala (fundraising)
FINANCIAL REVIEW
Financial position
The charity's total income for the year was £53,550 (2023 - £51,853). The charity's net expenditure for the year was £2,276 (2023 - £7,782). At the year end, the charity had total funds carried forward of £51,968 (2023 - £54,244). All of the charity's funds are unrestricted.
Page 4
New Nation Destiny Centre (NNDC)
Report of the Trustees
for the Year Ended 31 March 2024
FINANCIAL REVIEW
Principal sources of funds
Primarily from tithes and offerings and third-party donations.
Reserves policy
NNDC 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 (CIO) controlled by the Foundation Model which was registered on 8 July 2019.
Charity constitution
The charity is constituted by a trust.
Trustee selection methods
Trustees are appointed by the board of Trustees.
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 2024.
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 2024
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 45,495 | 49,042 | |
| Other trading activities | 2 | 6,174 | 2,728 |
| Investment income | 3 | 449 | 83 |
| Other income | 1,432 | - | |
| Total | 53,550 | 51,853 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Overheads | 55,826 | 59,635 | |
| NET INCOME/(EXPENDITURE) | (2,276) | (7,782) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 54,244 | 62,026 | |
| TOTAL FUNDS CARRIED FORWARD | 51,968 | 54,244 |
The notes form part of these financial statements
Page 7
New Nation Destiny Centre (NNDC)
Balance Sheet
31 March 2024
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 7 | 89 | 925 |
| CURRENT ASSETS | |||
| Debtors | 8 | 6,134 | 4,743 |
| Cash at bank | 47,870 | 50,628 | |
| 54,004 | 55,371 | ||
| CREDITORS | |||
| Amounts falling due within one year | 9 | (2,125) | (2,052) |
| NET CURRENT ASSETS | 51,879 | 53,319 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 51,968 | 54,244 | |
| NET ASSETS | 51,968 | 54,244 | |
| FUNDS | 10 | ||
| Unrestricted funds | 51,968 | 54,244 | |
| TOTAL FUNDS | 51,968 | 54,244 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2024
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 2024
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 10
New Nation Destiny Centre (NNDC)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Conference income | 6,174 | 2,728 | |
| 3. | INVESTMENT INCOME | ||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Bank interest received | 449 | 83 | |
| 4. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Depreciation - owned assets | 836 | 841 | |
| Other operating leases | 10,704 | 9,673 | |
| 5. | TRUSTEES' REMUNERATION AND BENEFITS | ||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Trustees' salaries | 14,700 | 13,450 | |
| Trustees' social security | 773 | 626 | |
| Trustees' pension contributions to money purchase schemes | 254 | 234 | |
| 15,727 | 14,310 |
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
During the previous year £4,325 was paid to trustee Michael Da Costa for support during his wife's sickness due to cancer and also for funeral arrangement support.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 49,042 |
| Other trading activities | 2,728 |
| Investment income | 83 |
| Total | 51,853 |
EXPENDITURE ON
continued...
Page 11
New Nation Destiny Centre (NNDC)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|
| Unrestricted | |||
| funds | |||
| £ | |||
| Charitable activities | |||
| Overheads | 59,635 | ||
| NET INCOME/(EXPENDITURE) | (7,782) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 62,026 | ||
| TOTAL FUNDS CARRIED FORWARD | 54,244 | ||
| 7. | TANGIBLE FIXED ASSETS | ||
| Equipment | |||
| £ | |||
| COST | |||
| At 1 April 2023 and 31 March 2024 | 3,361 | ||
| DEPRECIATION | |||
| At 1 April 2023 | 2,436 | ||
| Charge for year | 836 | ||
| At 31 March 2024 | 3,272 | ||
| NET BOOK VALUE | |||
| At 31 March 2024 | 89 | ||
| At 31 March 2023 | 925 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Prepayments and accrued income | 6,134 | 4,743 |
continued...
Page 12
New Nation Destiny Centre (NNDC)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| £ | £ | ||
| Social security and other taxes | 352 | 363 | |
| Pension creditor | 99 | 99 | |
| Accrued expenses | 1,674 | 1,590 | |
| 2,125 | 2,052 | ||
| 10. | MOVEMENT IN FUNDS |
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.4.23 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Main account | 7,058 | (1,062) | 5,996 |
| Building account | 44,094 | (1,426) | 42,668 |
| Youth account | 2,325 | (565) | 1,760 |
| Conference account | 622 | (291) | 331 |
| Missions account | 145 | 1,068 | 1,213 |
| 54,244 | (2,276) | 51,968 | |
| TOTAL FUNDS | 54,244 | (2,276) | 51,968 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Main account | 49,551 | (50,613) | (1,062) |
| Building account | 574 | (2,000) | (1,426) |
| Youth account | 825 | (1,390) | (565) |
| Conference account | 2,526 | (2,817) | (291) |
| Missions account | 74 | 994 | 1,068 |
| 53,550 | (55,826) | (2,276) | |
| TOTAL FUNDS | 53,550 | (55,826) | (2,276) |
continued...
Page 13
New Nation Destiny Centre (NNDC)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.22 | in funds | 31.3.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Main account | 9,463 | (2,405) | 7,058 |
| Building account | 50,066 | (5,972) | 44,094 |
| Youth account | 2,325 | - | 2,325 |
| Conference account | 27 | 595 | 622 |
| Missions account | 145 | - | 145 |
| 62,026 | (7,782) | 54,244 | |
| TOTAL FUNDS | 62,026 | (7,782) | 54,244 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Main account | 49,915 | (52,320) | (2,405) |
| Building account | 228 | (6,200) | (5,972) |
| Conference account | 1,710 | (1,115) | 595 |
| 51,853 | (59,635) | (7,782) | |
| TOTAL FUNDS | 51,853 | (59,635) | (7,782) |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 14
New Nation Destiny Centre (NNDC)
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Detailed Statement of Financial Activities for the Year Ended 31 March 2024 |
||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and offerings | 45,495 | 49,042 |
| Other trading activities | ||
| Conference income | 6,174 | 2,728 |
| Investment income | ||
| Bank interest received | 449 | 83 |
| Other income | ||
| Other income | 1,432 | - |
| Total incoming resources | 53,550 | 51,853 |
| EXPENDITURE | ||
| Support costs | ||
| Overheads | ||
| Trustees' salaries | 14,700 | 13,450 |
| Trustees' social security | 773 | 626 |
| Trustees' pension contributions | 254 | 234 |
| Rent | 10,704 | 9,673 |
| Utilities | 1,557 | 2,145 |
| Insurance | 744 | 650 |
| Telephone | 1,116 | 1,132 |
| Postage and stationery | 41 | 52 |
| Computer costs | 2,696 | 3,445 |
| Gifts and donations | 4,305 | 12,185 |
| Event venue and catering | 9,311 | 4,685 |
| Resources | 2,096 | 3,068 |
| Travel | 3,720 | 3,653 |
| Training | 218 | 109 |
| Office costs | - | 941 |
| Entertainment and gifts | 686 | 786 |
| Sundry expenses | 395 | 370 |
| Depreciation of equipment | 836 | 841 |
| 54,152 | 58,045 | |
| Governance costs | ||
| Accountancy | 1,674 | 1,590 |
| Total resources expended | 55,826 | 59,635 |
| Net expenditure | (2,276) | (7,782) |
This page does not form part of the statutory financial statements
Page 15
REGISTERED COMPANY NUMBER: CE018125 (England and Wales) REGISTERED CHARITY NUMBER: 1184298
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2024
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 2024
| 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 |
New Nation Destiny Centre (NNDC)
Reference and Administrative Details for the Year Ended 31 March 2024
TRUSTEES
Rev M A Da Costa Pastor S J Harris (resigned 10.5.23) Dr K N Miller Ms I Folarin-Smith Ms M Cargill (appointed 3.10.23) Ms N Henningham (appointed 18.9.23)
REGISTERED OFFICE
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 2024
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 2024. 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)
Report of the Trustees
for the Year Ended 31 March 2024
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.
Where possible, online streaming is in place to reach people locally as well as nationally and internationally.
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 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.
Journey
Women’s gathering for age 16+ teaching biblical scripture into everyday life and sharing life’s journey.
Worship Night
‘The Well,’ an evening of Praise and Worship and sharing the gospel for all.
DYG (Destiny Youth Group)
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 support, life skills, financial skills and career advice and guidance.
DYA (Destiny Young Adults)
Destiny Young Adults are provided with guidance relating to all aspects of life as they continue to grow through adulthood.
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 two day gathering where the gospel is shared, and prophecies released for the future.
Children's Ministry Activities
NNDC takes 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.
Ladies Night
Time to build/share and laugh.
Page 3
New Nation Destiny Centre (NNDC)
Report of the Trustees
for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Outreach:
Missions - Raffles and donations raised funds to actively support our international missions’ connection in Makeni & Freetown, Sierra Leone by sending educational items for the school and clothing for families to 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.
Blessed 2 Bless - Support the homeless and under privileged by continuing to provide support to a Birmingham charity.
Men’s Online Gathering - Not recorded to allow open and honest fellowship and support.
Street pastoring - One evening per month.
Saturday prayer morning and prayer walk - once per month.
Walk and talks in local nature reserves
Exercise and well-being sessions for Dudley Senior’s over 65’s - once per fortnight.
Supported Easter Half Term programme in collaboration with CreArt.
Offer general advice and support to the community.
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.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Online gatherings and livestreams have been a huge achievement resulting in the charity reaching more people, both in the UK and internationally. With that said, the search continues for larger premises for all the charity’s activities.
-
The charity continues to host and deliver several online gatherings, training and conferences to the public including: - Weekly Sunday service
-
Weekly Saturday time of prayer/Prayer walks
-
Children’s Ministry.
-
Equipped Training
-
Men’s fellowship
-
Journey (women’s conference)
-
Prophetic Shift conference
-
Fund raising
-
Youth & Young Adults – Meet-ups/Retreat.
-
Gala (fundraising)
FINANCIAL REVIEW
Financial position
The charity's total income for the year was £53,550 (2023 - £51,853). The charity's net expenditure for the year was £2,276 (2023 - £7,782). At the year end, the charity had total funds carried forward of £51,968 (2023 - £54,244). All of the charity's funds are unrestricted.
Page 4
New Nation Destiny Centre (NNDC)
Report of the Trustees
for the Year Ended 31 March 2024
FINANCIAL REVIEW
Principal sources of funds
Primarily from tithes and offerings and third-party donations.
Reserves policy
NNDC 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 (CIO) controlled by the Foundation Model which was registered on 8 July 2019.
Charity constitution
The charity is constituted by a trust.
Trustee selection methods
Trustees are appointed by the board of Trustees.
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 2024.
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 2024
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 45,495 | 49,042 | |
| Other trading activities | 2 | 6,174 | 2,728 |
| Investment income | 3 | 449 | 83 |
| Other income | 1,432 | - | |
| Total | 53,550 | 51,853 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Overheads | 55,826 | 59,635 | |
| NET INCOME/(EXPENDITURE) | (2,276) | (7,782) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 54,244 | 62,026 | |
| TOTAL FUNDS CARRIED FORWARD | 51,968 | 54,244 |
The notes form part of these financial statements
Page 7
New Nation Destiny Centre (NNDC)
Balance Sheet
31 March 2024
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 7 | 89 | 925 |
| CURRENT ASSETS | |||
| Debtors | 8 | 6,134 | 4,743 |
| Cash at bank | 47,870 | 50,628 | |
| 54,004 | 55,371 | ||
| CREDITORS | |||
| Amounts falling due within one year | 9 | (2,125) | (2,052) |
| NET CURRENT ASSETS | 51,879 | 53,319 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 51,968 | 54,244 | |
| NET ASSETS | 51,968 | 54,244 | |
| FUNDS | 10 | ||
| Unrestricted funds | 51,968 | 54,244 | |
| TOTAL FUNDS | 51,968 | 54,244 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2024
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 2024
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 10
New Nation Destiny Centre (NNDC)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Conference income | 6,174 | 2,728 | |
| 3. | INVESTMENT INCOME | ||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Bank interest received | 449 | 83 | |
| 4. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Depreciation - owned assets | 836 | 841 | |
| Other operating leases | 10,704 | 9,673 | |
| 5. | TRUSTEES' REMUNERATION AND BENEFITS | ||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Trustees' salaries | 14,700 | 13,450 | |
| Trustees' social security | 773 | 626 | |
| Trustees' pension contributions to money purchase schemes | 254 | 234 | |
| 15,727 | 14,310 |
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
During the previous year £4,325 was paid to trustee Michael Da Costa for support during his wife's sickness due to cancer and also for funeral arrangement support.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 49,042 |
| Other trading activities | 2,728 |
| Investment income | 83 |
| Total | 51,853 |
EXPENDITURE ON
continued...
Page 11
New Nation Destiny Centre (NNDC)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|
| Unrestricted | |||
| funds | |||
| £ | |||
| Charitable activities | |||
| Overheads | 59,635 | ||
| NET INCOME/(EXPENDITURE) | (7,782) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 62,026 | ||
| TOTAL FUNDS CARRIED FORWARD | 54,244 | ||
| 7. | TANGIBLE FIXED ASSETS | ||
| Equipment | |||
| £ | |||
| COST | |||
| At 1 April 2023 and 31 March 2024 | 3,361 | ||
| DEPRECIATION | |||
| At 1 April 2023 | 2,436 | ||
| Charge for year | 836 | ||
| At 31 March 2024 | 3,272 | ||
| NET BOOK VALUE | |||
| At 31 March 2024 | 89 | ||
| At 31 March 2023 | 925 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Prepayments and accrued income | 6,134 | 4,743 |
continued...
Page 12
New Nation Destiny Centre (NNDC)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| £ | £ | ||
| Social security and other taxes | 352 | 363 | |
| Pension creditor | 99 | 99 | |
| Accrued expenses | 1,674 | 1,590 | |
| 2,125 | 2,052 | ||
| 10. | MOVEMENT IN FUNDS |
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.4.23 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Main account | 7,058 | (1,062) | 5,996 |
| Building account | 44,094 | (1,426) | 42,668 |
| Youth account | 2,325 | (565) | 1,760 |
| Conference account | 622 | (291) | 331 |
| Missions account | 145 | 1,068 | 1,213 |
| 54,244 | (2,276) | 51,968 | |
| TOTAL FUNDS | 54,244 | (2,276) | 51,968 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Main account | 49,551 | (50,613) | (1,062) |
| Building account | 574 | (2,000) | (1,426) |
| Youth account | 825 | (1,390) | (565) |
| Conference account | 2,526 | (2,817) | (291) |
| Missions account | 74 | 994 | 1,068 |
| 53,550 | (55,826) | (2,276) | |
| TOTAL FUNDS | 53,550 | (55,826) | (2,276) |
continued...
Page 13
New Nation Destiny Centre (NNDC)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.22 | in funds | 31.3.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Main account | 9,463 | (2,405) | 7,058 |
| Building account | 50,066 | (5,972) | 44,094 |
| Youth account | 2,325 | - | 2,325 |
| Conference account | 27 | 595 | 622 |
| Missions account | 145 | - | 145 |
| 62,026 | (7,782) | 54,244 | |
| TOTAL FUNDS | 62,026 | (7,782) | 54,244 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Main account | 49,915 | (52,320) | (2,405) |
| Building account | 228 | (6,200) | (5,972) |
| Conference account | 1,710 | (1,115) | 595 |
| 51,853 | (59,635) | (7,782) | |
| TOTAL FUNDS | 51,853 | (59,635) | (7,782) |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 14
New Nation Destiny Centre (NNDC)
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Detailed Statement of Financial Activities for the Year Ended 31 March 2024 |
||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and offerings | 45,495 | 49,042 |
| Other trading activities | ||
| Conference income | 6,174 | 2,728 |
| Investment income | ||
| Bank interest received | 449 | 83 |
| Other income | ||
| Other income | 1,432 | - |
| Total incoming resources | 53,550 | 51,853 |
| EXPENDITURE | ||
| Support costs | ||
| Overheads | ||
| Trustees' salaries | 14,700 | 13,450 |
| Trustees' social security | 773 | 626 |
| Trustees' pension contributions | 254 | 234 |
| Rent | 10,704 | 9,673 |
| Utilities | 1,557 | 2,145 |
| Insurance | 744 | 650 |
| Telephone | 1,116 | 1,132 |
| Postage and stationery | 41 | 52 |
| Computer costs | 2,696 | 3,445 |
| Gifts and donations | 4,305 | 12,185 |
| Event venue and catering | 9,311 | 4,685 |
| Resources | 2,096 | 3,068 |
| Travel | 3,720 | 3,653 |
| Training | 218 | 109 |
| Office costs | - | 941 |
| Entertainment and gifts | 686 | 786 |
| Sundry expenses | 395 | 370 |
| Depreciation of equipment | 836 | 841 |
| 54,152 | 58,045 | |
| Governance costs | ||
| Accountancy | 1,674 | 1,590 |
| Total resources expended | 55,826 | 59,635 |
| Net expenditure | (2,276) | (7,782) |
This page does not form part of the statutory financial statements
Page 15
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
12 November 2024
Dear Sirs
We confirm that the following information in connection with the financial statements for the year ended 31/03/2024 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 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’s activities 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 activities, 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.
-
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 31/03/2024.
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 31/03/2024, 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 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 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 activities.
14. Other Related Party Transactions
There were no other related party transactions during the financial year.
15. Going Concern
We confirm that, having considered our expectations and intentions for the next twelve months and the availability of working capital, the charity is a going concern.
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 31/03/2024 and correctly splits them between unrestricted, restricted and designated funds .
Yours Faithfully
___ ___ Pastor Michael Da Costa Idera Folarin-Smith Trustee Trustee