DESTINY LIFE ASSEMBLY
REPORT & ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
## DESTINY LIFE ASSEMBLY
LEGAL & ADMINISTRATIVE DETAILS
YEAR ENDED 31 DECEMBER 2024
ADDRESS 34 LARKSPUR DRIVE RUDDINGTON NOTTINGHAM NG11 6SF STATUS The church is a registered charity ( 1207399 )
## GOVERNING DOCUMENT
CIO Foundation Adoted on the 12th March 2024
TRUSTEES Rumbidzai Chamboko Judy Ann Bain Samuel Roy Morrison BANKERS BARCLAYS 2 HIGH STREET NOTTINGHAM NG1 2EN INDEPENDENT EXAMINER Kayode Oshin LCIE 12 Elham Crescent Dartford Kent DA2 6FA INDEX Page 1 Legal & Administrative Details Pages 2/3 Trustee Report Page 4 Independent Examiner's Report Page 5 Statement of Financial Activities Page 6 Balance Sheet Pages 7/9 Notes to the Accounts
Page 1
## DESTINY LIFE ASSEMBLY
## TRUSTEE REPORT
## YEAR ENDED 31 DECEMBER 2024
The trustees are pleased to present their report together with the financial statements for the year ended 31 December 2024.
## CHARITABLE OBJECTIVES
The principle objectives of the church are the advancement of the Christian Faith and Education and the relief of those in need.
## ORGANISATION
The church is governed by a leadership team comprising the leaders of the church and its named trustees. They meet quarterly to set policy and review the activities of the church.
## REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS
In 2024, Destiny Life Assembly continued to fulfil its purpose of welcoming people to the Christian faith and equipping them with practical teaching for real life.
We held weekly Sunday services and prayer meetings, providing consistent spiritual growth, fellowship, and Biblical teaching rooted in the fruits of the Spirit, which are love, joy, peace, and kindness.
Pastoral care, counselling and mentoring were offered to individuals and families, supporting their spiritual and emotional well-being.
To meet practical community needs, we hosted a **Financial Literacy Workshop** focused on budgeting, saving and investing, helping participants develop financial confidence and stewardship.
We also strengthened our outreach by encouraging members to live out their faith in daily life, extending the message of hope and service beyond the church walls in their workplaces, schools, and neighbourhoods, helping us make Christ known through practical love and compassion.
Destiny Life Assembly remains committed to nurturing purpose, building community, and sharing the Gospel through both faith and action.
## FINANCIAL REVIEW
The income of the church during the year was £28,058
while expenditure was £28,321. As a result the net decrease in the year was (£264)
Page 3
## DESTINY LIFE ASSEMBLY
TRUSTEE REPORT ( continued )
YEAR ENDED 31 DECEMBER 2024
## RESERVES POLICY
The church has not established a Reserves Policy.
However the trustees are satisfied that the church has sufficient funds for its activities to continue and to grow in the current year.
## RISK MANAGEMENT
The trustees have examined the major strategic, business and operational risks which the church faces and confirm that systems have been established to monitor those risks so that the necessary steps can be taken to lessen them.
## TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the affairs of the church. They are required to:
1. Select suitable accounting policies and apply them consistently
2. Make judgements and estimates that are reasonable and prudent
3. State whether the applicable accounting standards have been followed
4. Prepare the financial statements on an ongoing basis
They are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the church and to ensure that such accounts and records comply with the Charities Act 2011
They are also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities and to provide reasonable assurances that:
5. The church is operating efficiently and effectively
6. Its assets are safeguarded against unauthorised use or disposition
7. Proper records are kept and financial information used in the church or for publication is reliable
8. The church complies with relevant laws and regulations
This report was approved by the trustees and signed on their behalf on 27th October 2025 by: Mrs Rumbidzai Chamboko
## -----------------------------------------------
Page 3
Independent Examiner's Report To the Trustees of
## DESTINY LIFE ASSEMBLY
I report on the accounts of the church for the year ended 31 Deccember 2024 set out on pages 6 to 10 which have been prepared on the basis of the accounting policies on page 7.
## Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts; they consider that the audit requirement of the Charities Act 2011. It is my responsibility to :
- examine the accounts under the Charities Act 2011
- follow the procedures laid down in the General Directions given by the Charity Commissioner made under the 2011 Act.
- state whether particular matters have come to my attention.
## Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## Independent examiner's statement
Based on my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect, accounting records have not been kept in accordance with 2011 Act, or that the accounts presented do not accord with those records, or comply with the accounting requirement of the 2011 Act. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Kayode Oshin LCIE 12 Elham Crescent Dartford Kent DA2 6FA 24th October 2025
Page 4
## DESTINY LIFE ASSEMBLY
Statement of Financial Activities for the year ended 31 December 2024
|Statement of Financial Activities for the year ended 31 December 2024|for the year ended 31 December 2024||
|---|---|---|
|General
Restricted
Total
Fund
Fund
2024
£
Note
Incoming Resources
_Charitable Income_
Gifts & offerings
28,058
-
28,058
28,058
-
28,058
_Other Income_
Bank interest
-
-
-
Other receipts
-
-
-
Total Incoming Resources
28,058
-
28,058
Resources Expended
_Expenditure in furtherance of_
_charitable activities_
Employment costs
5
24,304
-
24,304
Other church costs
3
2,517
-
2,517
Grants payable
4
1,500
-
1,500
Total Resources Expended
28,321
-
28,321
Net Incoming/ (Outgoing) Resources
(264)
-
(264)
before transfers.
Transfers between funds
-
-
-
Net Movement in Funds
(264)
-
(264)
Fund Balances brought forward
at 1 Jan. 2024
0
-
0
Fund Balances carried forward
at 31 Dec. 2024
(264)
-
(264)|General
Restricted
Total
Fund
Fund
2024
£
28,058
-
28,058|2023
£
-|
||28,058
-
28,058
-
-
-
-
-
-|-
-
-|
||28,058
-
28,058|-|
|||0
0
0|
||28,321
-
28,321|0|
||(264)
-
(264)
-
-
-|0
-|
||(264)
-
(264)
0
-
0|0
0|
||(264)
-
(264)|0|
Movements on reserves and all recognised gains and losses are shown above
The notes on pages 7 to 9 form part of these Accounts
Page 5
## DESTINY LIFE ASSEMBLY
## heet as at 31 December 2024
|Note
Tangible Fixed Assets
Furniture & equipment
6
Current Assets
Income tax recoverable
Other debtor
7
Loans
Cash at bank and on deposit.
Creditors:amounts falling due within one year
Creditors:
8
Net Current Assets
NET ASSETS
Unrestricted Funds
9
Restricted Fund
9
TOTAL FUNDS|2024
2023
£
£
-
-
-
-
-
-
-
-
30,951
0|
|---|---|
||30,951
0
-
-|
||-
-|
||30,951
0|
||30,951
0|
||(264)
0
31,215
-|
||30,951
0|
Approved by the trustees on 27th October 2025 and signed on their behalf by: Mrs Rumbidzai Chamboko
--------------------------------
The notes on pages 7 to 9 form part of these accounts
Page 6
## DESTINY LIFE ASSEMBLY
- Notes to the accounts for the year ended 31 December 2024
1. Accounting Policies
- a) The accounts have been prepared in accordance with applicable accounting standards and follow the recommendations in Statement of Recommended Practice: Accounting by Charities 2000
- b) Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when received.
- c) Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets certain criteria is identified to the relevant fund.
- Unrestricted funds are donations and other income received or generated for the objects of the church without further specified purpose and are available as general funds.
|2
Ministry
Employment costs
( Note 5 )
Conference expenses
Resources
3
Other Church Costs
Hire of hall & office
Mother's day ministry
Conference fees
Visiting speakers
Professional Fees
Travel & transport
Insurance
Telephone & fax
Printing. Post & stationery
Vicarage
Depreciation
( Note 6 )
Accountancy
Media
Bank charges
Storage costs
Motor vehicle costs
Refreshments & hospitality
Repairs & renewals
Rates
Sundry expenses|General
Restricted
Total
Funds
Funds
2024
2023
£
£
24,304
-
24,304
-
-
-
-
-
-
-
-|
|---|---|
||24,304
-
24,304
-|
||1,620
-
1,620
-
247
247
-
500
-
500
-
150
-
150
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
||2,517
-
2,517
-|
Page 7
## DESTINY LIFE ASSEMBLY
Notes to the accounts for the year ended 31 December 2024
|4
Grants Payable
Ministry gifts
Personal gifts
Gifts to organisations|General
Restricted
Total
Funds
Funds
2024
2023
£
£
1,250
-
1,250
-
250
-
250
-
-
-
-
-|
|---|---|
||1,500
-
1,500
-|
The church does not have a formal grants policy.
## 5 Employees
No amount was paid or are payable to any trustee or to any person connected to them.
**----- Start of picture text -----**
6 Tangible Fixed Assets Office Instruments Vehicles
Equipment
Balance, 1 Jan 2024 - - -
Additions in the year - - -
Balance, 31 Dec 2024 - - -
Accumulated Depreciation
Balance, 1 Jan 2024 - - -
- - -
Charge for year
Balance, 31 Dec 2024 - - -
Net Book Value, 31 Dec 2024 - - -
Net Book Value, 31 Dec 2023 - - -
2024 2023
£ £
7 Debtors
Loans - -
Tax recoverable - -
- -
8 Creditors
Loan - -
Accruals - -
- -
**----- End of picture text -----**
Page 8
## DESTINY LIFE ASSEMBLY
Notes to the accounts for the year ended 31 December 2024
|9
Movement in Funds
_Restricted Fund_
Building Fund
_Unrestricted Funds_
General Fund|1 Jan
Incoming
Resources
31 Dec
31 Dec
2024
Resources
Expended
2024
2023
£
£
£
19,114
12,101
-
31,215
-
0
28,058
(28,321)
(264)
0|
|---|---|
||19,114
40,159
(28,321)
30,951
0|
Page 9