OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

REGISTERED CHARITY NUMBER: SC017898

Destiny Church Trust Report of the Trustees and Audited Financial Statements for the Year Ended 31 December 2024

Destiny Church Trust

Contents of the Financial Statements for the Year Ended 31 December 2024

Page
Report of the Trustees 1
Report of the Independent Auditors 7
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15
Detailed Statement of Financial Activities 30

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Report of the Trustees for the Year Ended 31 December 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 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

The principle objectives of the Trust are:

The principle aims of the Trust are:

Public benefit

The charity meets the definition of a public benefit entity under FRS 102.

Grantmaking

Although not a grant awarding charity, the Trust occasionally awards grants or donations to third party charities following a specific fundraising campaign. The reasons for the fundraising campaign are well publicised at the time and the amount donated determined by the income raised. Grants are awarded at the discretion of the trustees.

Volunteers

The Trustees want to thank the hundreds of unpaid volunteers for their time, energy, passion, sacrifice and commitment to the aims and objectives of the Trust. We recognise the incredible role they all play and are thankful for every one of them.

Page 1

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Report of the Trustees for the Year Ended 31 December 2024

ACHIEVEMENTS AND PERFORMANCE Charitable activities Church-Wide Developments

In 2024, we continued to build on the momentum of previous years.

In Glasgow, we brought our Southside and City locations together to begin developing our Shawlands building into a Hope Hub, serving the needs of the South Glasgow community. To accommodate everyone in our City location, we launched multiple Sunday meetings, and later added a third Sunday morning service, which is already nearing full capacity. This has further highlighted our urgent need for a much larger venue to house our growing church family.

We were thrilled to gather as a church for the Franklin Graham outreach at the Hydro in June, a powerful moment of unity and evangelism. Destiny Aberdeen secured a new centrally located venue at the Academy Shopping Centre, providing a regular meeting space and a strategic base for outreach and growth. Destiny Edinburgh has continued to flourish, with a growing leadership team and many people coming to know Jesus and deepening their walk with God - we are expanding our local evangelism and community outreach programmes. Destiny Stirling has maintained its momentum, continuing to grow and seek a permanent home for future ministry expansion.

Church Growth & Discipleship

We've seen incredible spiritual growth and engagement across the church, with over 150 first time decisions to follow Jesus and over 130 recommitments. We welcomed over 500 first time guests; helped 383 people connect with a Net Group; and were encouraged with over 145 new people committing to volunteer in a ministry team. We had over 60 participants attend the According to the Pattern discipleship course and over 35 people taking the step of Water Baptism. We thank God for all this incredible growth and celebrate every decision made.

Social Action Impact

Our commitment to serving our communities has remained strong.

Food Support:

We supported 15,141 individuals-including 10,685 adults, 1,637 youth, and 2,819 children-through affordable food provision.

Fuel Support:

Through our partnership with the Fuel Bank Foundation, we were able to help 552 adults and 248 youth/children stay warm and connected.

Counselling & Wellbeing:

Hub Café Reopening:

The Hub Café reopened in the second half of the year, offering free drinks and snacks. Over 600 adults have used the service, receiving not only refreshments but also friendship and support from our volunteers.

One of the many remarkable testimonies came from a guest who had been diagnosed with a terminal illness. After receiving prayer from the team, they returned months later to share that they had been healed and given the all-clear by doctors. We thank God for all of those who have come to know Him through the Hub and who are now connected into the local church.

Volunteer Contribution:

We are deeply grateful for the tens of thousands of hours freely given by volunteers in the Hub this year. Their dedication makes everything we do possible.

Page 2

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Report of the Trustees for the Year Ended 31 December 2024

FINANCIAL REVIEW

Financial position

The financial statements show the overall position of the charity as at 31 December 2024, its incoming resources and the application of these resources for the year ended that date.

The financial statements show total incoming resources of £1,210,013 (2023- £1,050,074) and resources expended of £1,282,844 (2023 - £1,224,140, including a gain on the sale of investment property of £20,000). Before the net gains on the sale of investment property, a deficit for the year of £72,831 was generated against the prior year deficit of £154,066. There were gains on revaluation of fixed assets of £533,690 arising in the previous year.

The charity held unrestricted funds of £3,032,866 (2023 - £3,105,717) at the balance sheet date.

Principal funding sources

The main source of funds for the Trust derives from donations and offerings from Church members.

Reserves policy

It is the charity's policy that unrestricted reserves should be held representing three months' revenue expenditure, so as to take account of anticipated revenue projections, while ensuring the provision of a suitable contingency to protect the continuity of the activities and services for the foreseeable future. Total charity funds, as shown in the Balance Sheet, represents accumulated funds arising from past operating results and the Trustees are satisfied that the level held is sufficient to meet all anticipated liabilities.

Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.

The Trustees acknowledge the deficit in the year, but are satisfied that given the net asset position and the strong overall position of the balance sheet, the charity can continue to adopt the going concern basis of accounting in preparing the accounts.

FUTURE PLANS

We are continuing our search for a much larger premises for our Glasgow church, as we have now outgrown our current facilities-even with three Sunday services.

We are actively looking for a permanent home for Destiny Stirling.

Our aim is to launch a second Charity Superstore in the coming year - providing a great outreach opportunity as well as raising funds for the continued efforts of the ministry.

We are excited and expectant for what God will do in the coming year as we prepare for the next phase of growth and impact.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is an unincorporated charity formed under a Trust Deed on 2 June 1991, as amended by a Deed of Variation dated 8 July 2008. The Deed established the charity's objects and powers and this is also the charity's governing document. It is registered as a charity in Scotland, charity registration number SC017898.

Recruitment and appointment of new trustees

The Trustees may make appointment of additional or replacement trustees as they from time to time deem appropriate and such appointments may be made by a resolution of a meeting of the Trustees provided that such resolution be signed by the person presiding at such meeting.

Page 3

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Report of the Trustees for the Year Ended 31 December 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The Trustees take all major financial decisions concerning the activities of the Trust. The appointment of additional Trustees is at the discretion of the existing Trustees.

Trustees meet quarterly in the UK, and correspond regularly by e-mail in the intervening periods. A separate independent salary review board meets to review, discuss and give any recommendations concerning salary changes namely for Andrew and Sue Owen.

Induction and training of new trustees

Any new Trustees are given a day's introduction to the work of the Trust and are presented with copies of the OSCR publication "Guidance for Charity Trustees" and the Charity Commission publication CC10 "Hallmarks of an Effective Charity", as well as copies of other policies and procedures as appropriate.

Key management remuneration

There are no other key management other than those outlined in the Reference and Administration section of this report. Remuneration of key management is outlined in the notes to the financial statements.

Wider network

The following charities are not classed as a related party to Destiny Church Trust however they are part of the wider Destiny network and co-operate in the pursuit of common charitable objectives:

Destiny Church e.V

Destiny Church Prague Association Church on the rise, Wales

Related parties

Destiny Ministries

This is an unincorporated Scottish charity with registered number SC020228. The charities shared one common Trustee during the year. In addition, the business manager of the charity was a Trustees/business manager of Destiny Ministries in the year.

Destiny Retail No.1 Limited

This is a Scottish company with registered number SC578156. Four of the Trustees in Destiny Church Trust are Directors of the company. In addition, one of the business managers in the charity is also a director of the company.

Destiny Church London

This is a charity registered in England with charity registered number 1176623. The charities share one common Trustee and a key manager in Destiny Church Trust is also a Trustee in Destiny Church London.

Destiny Community Enterprise

This charity is a SCIO with registered charity number SC045696 and company number CS001971. The charities shared one common Trustee during the year.

Jesus Alive Gospel Outreach

This is an incorporated Scottish charity with company number SC285658 and charity number SC036592. The charities shared one common Trustee during the year.

Risk management

The Trustees perform periodic risk assessments, identifying possible risks and reviewing the systems and procedures in place to mitigate them. During 2021, as part of our risk management strategy, the Trusts solicitors - Aberdein Consodine - conducted a governance review of the governance and management practises and policies of the trust. A number of recommendations were given, including reviewing our scheme of delegation, updating our complaints procedures and conducting training for trustees and key management. These measures were implemented in the months that followed the review.

Page 4

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Report of the Trustees for the Year Ended 31 December 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

SC017898

Principal address

1120 Pollokshaws Road Glasgow G41 3QP

Trustees

Senior management team

Auditors

Gillespie & Anderson Statutory Auditors Chartered Accountants 147 Bath Street Glasgow G2 4SN

Bankers

Clydesdale Bank 21 Kilmarnock Road Glasgow G41 3YW

Kingdom Bank Media House Padge Road Nottingham NG9 2RS

The Royal Bank of Scotland 10 Gordon Street Glasgow G1 3PL

WEBSITE

www.destiny-church.com

TRUSTEES' RESPONSIBILITY STATEMENT

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 5

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Report of the Trustees for the Year Ended 31 December 2024

TRUSTEES' RESPONSIBILITY STATEMENT - continued

The law applicable to charities in Scotland, the Charities and Trustee Investment (Scotland) Act 2005, Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution, requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the Trustees are aware, there is no relevant audit information of which the charity's auditor is unaware, and each Trustee has taken all the steps that they ought to have taken as a Trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.

AUDITORS

The Auditors, Gillespie & Anderson, have expressed a willingness to continue in office.

Approved by order of the board of trustees on 23 September 2025 and signed on its behalf by:

Page 6

�������������������� ��� � ���� � ������ � � ����� �� �

Report of the Independent Auditors to the Trustees of Destiny Church Trust

Opinion

We have audited the financial statements of Destiny Church Trust (the 'charity') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

Page 7

�������������������� ��� � ���� � ������ � � ����� �� �

Report of the Independent Auditors to the Trustees of Destiny Church Trust

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 8

�������������������� ��� � ���� � ������ � � ����� �� �

Report of the Independent Auditors to the Trustees of Destiny Church Trust

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach and assessment were as follows:

The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.

Enquire of management and review supporting documentation concerning the charity's policies and procedures relating to:

Obtain an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the charity. The key laws and regulations we considered in this context included the Charities and Trustee Investment (Scotland) Act 2005, Charities Accounts (Scotland) Regulations 2006, and the applicable Statement of Recommended Practice (SORP) together with health and safety regulations, employment legislation and data protection legislation.

Discuss among the engagement team how and where irregularities might occur in the financial statements and potential indicators of fraud. Identify potential audit risks in relation to income recognition, authorisation of expenses and possible management override of controls.

Communicate relevant identified laws and regulations and potential irregularity risks to all engagement team members and remain alert to any indications of unusual items, fraud or non-compliance with laws and regulations throughout the audit.

Review all Minutes of Meetings of those charged with governance, Reports and correspondence with HMRC and legal advisers.

Perform audit testing which covers the audit assumptions of: existence, completeness, rights and obligations, accuracy and valuation in respect of income recognition and expenditure incurred.

Evaluate the overall presentation, structure and content of the financial statements, including disclosures, by performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to an irregularity or fraud. Agree financial statement disclosures to underlying documents.

Assess whether the financial statements represent the underlying transactions and events in a manner that achieves compliance with relevant laws and regulations.

To address the risk of fraud through management override of controls and management bias, we: assess the rationale behind significant or unusual transactions identified through audit testing and assess where management judgement used in determining accounting estimates were indicative of potential bias.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence.

Page 9

�������������������� ��� � ���� � ������ � � ����� �� �

Report of the Independent Auditors to the Trustees of Destiny Church Trust

Material misstatements that arise due to fraud can be harder to detect that those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Statutory Auditors Chartered Accountants 147 Bath Street Glasgow G2 4SN

23 September 2025

Page 10

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Statement of Financial Activities

for the Year Ended 31 December 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Charitable activities
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Charitable activities
6
Charitable activities
Net gains on investments
NET INCOME/(EXPENDITURE)
Other recognised gains/(losses)
Gains on revaluation of fixed assets
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
1,061,869
52,803
79,683
15,658
1,210,013
1,282,844
-
(72,831)
-
(72,831)
3,105,717
3,032,886		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-		 2024
Total
funds
£
1,061,869
52,803
79,683
15,658
1,210,013
1,282,844
-
(72,831)
-
(72,831)
3,105,717
3,032,886		 2023
Total
funds
£
920,102
66,529
43,452
19,991
1,050,074
1,204,140
20,000
(134,066)
533,690
399,624
2,706,093
3,105,717

The notes form part of these financial statements

Page 11

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

FIXED ASSETS
Intangible assets
Tangible assets
Investments
Investments
Investment property
CURRENT ASSETS
Debtors
Cash at bank
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
NET ASSETS
FUNDS
Unrestricted funds
TOTAL FUNDS		 Balance Sheet
31 December 2024
Notes
13
14
15
16
17
18
19
23		 2024
£
2,607
4,394,638
1
-
4,397,246
114,953
61,649
176,602
(186,600)
(9,998)
4,387,248
(1,354,362)
3,032,886
3,032,886
3,032,886		 2023
£
3,234
4,481,178
1
9,707
4,494,120
39,634
150,705
190,339
(180,092)
10,247
4,504,367
(1,398,650)
3,105,717
3,105,717
3,105,717

The financial statements were approved by the Board of Trustees and authorised for issue on 23 September 2025 and were signed on its behalf by:

The notes form part of these financial statements

Page 12

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Cash Flow Statement
for the Year Ended 31 December
Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Sale of investment property
Interest received
Net cash (used in)/provided by investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Loan redemption
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 Cash Flow Statement
for the Year Ended 31 December		 2024
2024
£
118,277
(117,396)
881
(2,318)
(9,707)
9,707
-
(2,318)
900,000
(98,171)
(889,448)
(87,619)
(89,056)
150,705
61,649		 2023
£
74,892
(118,220)
(43,328)
(2,459)
665
200,000
50
198,256
-
(103,140)
-
(103,140)
51,788
98,917
150,705

The notes form part of these financial statements

Page 13

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Cash Flow Statement for the Year Ended 31 December 2024

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
2024 2023
£ £
Net expenditure for the reporting period (as per the Statement of
Financial Activities) (72,831) (134,066)
Adjustments for:
Depreciation charges 89,485 104,104
Losses on investments - (20,000)
Loss/(profit) on disposal of fixed assets 9,707 (666)
Interest received - (50)
Interest paid 117,396 118,220
(Increase)/decrease in debtors (75,319) 15,131
Increase/(decrease) in creditors 49,839 (7,781)
Net cash provided by operations 118,277 74,892
ANALYSIS OF CHANGES IN NET DEBT
At 1.1.24 Cash flow At 31.12.24
£ £ £
Net cash
Cash at bank 150,705 (89,056) 61,649
150,705 (89,056) 61,649
Debt
Debts falling due within 1 year (113,271) 43,331 (69,940)
Debts falling due after 1 year (1,398,650) 44,288 (1,354,362)
(1,511,921) 87,619 (1,424,302)
Total (1,361,216) (1,437) (1,362,653)

2. ANALYSIS OF CHANGES IN NET DEBT

The notes form part of these financial statements

Page 14

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.

The Trustees acknowledge the deficit in the year, but are satisfied that given the net asset position and the strong overall position of the balance sheet, the charity can continue to adopt the going concern basis of accounting in preparing the accounts.

Presentation currency

The financial statements are presented in pound sterling (£) which is the functional currency of the charity.

Critical accounting judgements and key sources of estimation uncertainty

The Trustees have made judgements, estimates and assumptions that affect the amounts reported within the financial statements during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The Trustees estimates, assumptions and judgements that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements are addressed and detail is provided in the associated notes.

Income

All income is recognised when the charity is entitled to the income, it is probable that the income will be received and the amount can be measured reliably. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the financial statements. The following specific policies are applied to particular categories of income:

Donations and legacies include donations, offerings, donated goods and legacies which are recognised when there is entitlement, receipt is probable and the amount can be measured reliability. Donated goods are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Charitable activities includes income generated from events, grocery community project, cooperative home school programme and grant income received on an accruals basis. Government grants are recognised based on the performance model as the accrual model is not permitted by the Statement of Recommended Practice.

Other trading activities includes income from hall lettings which is recognised when received.

Investment income is included when receipt is probable and the amount can be measured reliably. It includes rental income which is recognised when the charity becomes legally entitled to the income.

Expenditure

Expenditure has been classified under the headings that aggregate all costs 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 the resources.

Expenditure is recognised on an accrual basis when a legal liability is incurred, payment of the liability is probable and the amount can be measured reliably. The amount includes any VAT which cannot be fully recovered. VAT is reported as part of the expenditure to which it relates.

continued...

Page 15

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES - continued

Expenditure

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Charitable activities

Charitable activities comprise all resources expended undertaking work to meet the charity's charitable objectives. Such costs include the direct cost of charitable activities approved by the charity and all support costs relating to these activities. Governance costs include direct resources expended in the general running of the charity and are primarily associated with constitutional and statutory requirements. These costs are allocated entirely to charitable activities.

Allocation and apportionment of costs

Support costs are allocated wholly to charitable activities. Whilst the Trustees recognise that a small part of some items of expenditure included in support costs do relate to indirect governance costs and costs of generating funds, they are of the opinion that the time and costs involved in performing such an analysis outweigh the potential benefits arising from any such work.

Intangible fixed assets

Computer software has been capitalised at cost and is being amortised over 10 years on a straight line basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write of the cost less estimated residual value of each asset over its estimated useful life.

Freehold property - 1% on valuation Property improvements - 10% on cost Fixtures and fittings - 33% on cost Motor vehicles - 33% on cost Computer equipment - 33% on cost

All tangible fixed assets having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised. It is the charity's policy to capitalise all relevant expenditure greater than £500.

If any impairment exists, the carrying amount of the asset shall be reduced to its estimated recoverable amount.

Investment property

Investment property is included at the year end fair value. Gains and losses arising on revaluation are included in the Statement of Financial Activities in the year in which they arise. No depreciation is provided on investment property in line with paragraph 10.48 of the charities SORP.

Investment property includes the investment property element of freehold property that can be separately valued in accordance with the mixed use property provisions.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Funds are classified as either unrestricted designated funds or restricted funds, defined as follows:

Unrestricted designated funds are expendable at the discretion of the Trustees in furtherance of the objects of the Trust. If parts of the unrestricted funds are earmarked at the discretion of the Trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the Trustees discretion to apply the funds.

Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal process, but still within the wider objects of the Trust.

continued...

Page 16

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

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

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the statement of financial activities in the period to which they relate.

Employee benefits

The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.

Financial instruments

The charity has no complex financial instruments but does hold basic financial instruments of cash at bank, debtors and creditors.

Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft is shown within current liabilities.

Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

Provisions

A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

2. DONATIONS AND LEGACIES

Tithes
Donations
Gift aid tax reclaimed
Grants
Offerings
Mortgage contribution
Salary contributions
Expenses contributions		 2024
£
540,968
119,389
116,738
-
181,951
54,000
44,786
4,037
1,061,869		 2023
£
464,165
77,104
83,988
71,250
138,942
47,000
32,658
4,995
920,102

continued...

Page 17

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

2024 2023
£ £
Souter Charitable Trust - 40,000
Other - 4,250
Benefact Trust - 27,000
- 71,250
3. OTHER TRADING ACTIVITIES
2024 2023
£ £
Hall lettings 79,683 43,452
4. INVESTMENT INCOME
2024 2023
£ £
Rents received 15,658 19,941
Deposit account interest - 50
15,658 19,991
5. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Charitable Total
activities activities
£ £
Event and other income 5,439 1,785
Grocery Community Project 26,811 12,744
Cooperative Home School Group - ARMA
Classical 3,053 -
Grants 17,500 52,000
52,803 66,529
Grants received, included in the above, are as follows:
2024 2023
£ £
Church Revitalisation Trust 17,500 52,000

continued...

Page 18

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

6. CHARITABLE ACTIVITIES COSTS

Grant
funding of
activities
Direct
(see note
Costs
7)
£
£
Charitable activities
28,841
192,085
7.
GRANTS PAYABLE
Charitable activities
The total grants paid to institutions during the year was as follows:
Destiny Ministries
Destiny Ministries - Indian orphanage appeal
Other ministries and charities
Other Destiny Churches
The total grants paid to individuals during the year was as follows:
Grants to individuals
8.
SUPPORT COSTS
Finance
Other
£
£
Charitable activities
125,961
922,934
9.
AUDITORS' REMUNERATION
Fees payable to the charity's auditors for the audit of the charity's financial
statements
Other non-audit services		 Support
costs (see
note 8)
£
1,061,918
2024
£
192,085
2024
£
171,174
-
15,750
4,261
191,185
2024
£
900
Governance
costs
£
13,023
2024
£
10,700
-		 Totals
£
1,282,844		 Totals
£
1,282,844
2023
£
146,772
2023
£
127,268
6,180
13,000
324
146,772
2023
£
-
Totals
£
1,061,918		 2023
£
146,772
2023
£
127,268
6,180
13,000
324
146,772
2023
£
9,000
829

continued...

Page 19

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

10. TRUSTEES' REMUNERATION AND BENEFITS

2024 2023
£ £
Ministries fees 55,992 55,992
Ministries salaries 32,554 32,554
Ministries pension contributions to money purchase schemes 1,628 1,628
90,174 90,174

Trustees were remunerated during the year in accordance with the Trust Deed and Deed of Variation dated 8 July 2008. During the year ended 31 December 2024, the charity provided non-cash gift cards to three of its Trustees as a token of appreciation for their voluntary service.The total value of the gift cards amounted to £1,700.

Trustees' expenses

There were no Trustees' expense paid for in the year ended 31 December 2024. Two Trustee's expenses in respect of travel costs were reimbursed for the year 31 December 2023. The total expenses reimbursed in the year was £3,260.

11. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2024
£
427,228
29,339
15,910
472,477		 2023
£
405,123
26,672
14,738
446,533

The average monthly number of employees during the year was as follows:

Pastoral
Outreach Workers
Management
Administration
Support		 2024
5
1
3
4
10
23		 2023
5
1
3
4
9
22

No employees received emoluments in excess of £60,000.

continued...

Page 20

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
920,102
Charitable activities
Charitable activities
66,529
Other trading activities
43,452
Investment income
19,991
Total
1,050,074
EXPENDITURE ON
Charitable activities
Charitable activities
1,200,417
Net gains on investments
20,000
NET INCOME/(EXPENDITURE)
(130,343)
Other recognised gains/(losses)
Gains on revaluation of fixed assets
533,690
Net movement in funds
403,347
RECONCILIATION OF FUNDS
Total funds brought forward
2,702,370
TOTAL FUNDS CARRIED FORWARD
3,105,717
Please note the above figure relate solely to 2023.
13.
INTANGIBLE FIXED ASSETS
COST
At 1 January 2024 and 31 December 2024
AMORTISATION
At 1 January 2024
Charge for year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
Restricted
funds
£
-
-
-
-
-
3,723
-
(3,723)
-
(3,723)
3,723
-		 Total
funds
£
920,102
66,529
43,452
19,991
1,050,074
1,204,140
20,000
(134,066)
533,690
399,624
2,706,093
3,105,717
Computer
software
£
6,271
3,037
627
3,664
2,607
3,234

continued...

Page 21

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

14. TANGIBLE FIXED ASSETS

COST
At 1 January 2024
Additions
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
COST
At 1 January 2024
Additions
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for year
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
Properties are shown at cost or valuation, as below:		 Freehold
property
£
4,346,196
-
4,346,196
72,092
43,462
115,554
4,230,642
4,274,104
Motor
vehicles
£
15,000
-
15,000
14,999
-
14,999
1
1		 Improvements
to
property
£
440,595
-
440,595
249,370
32,902
282,272
158,323
191,225
Computer
and media
equipment
£
297,987
1,818
299,805
292,532
4,160
296,692
3,113
5,455		 Improvements
to
property
£
440,595
-
440,595
249,370
32,902
282,272
158,323
191,225
Computer
and media
equipment
£
297,987
1,818
299,805
292,532
4,160
296,692
3,113
5,455		 Fixtures
and
fittings
£
172,376
500
172,876
161,983
8,334
170,317
2,559
10,393
Totals
£
5,272,154
2,318
5,274,472
790,976
88,858
879,834
4,394,638
4,481,178
Historical Revalued
cost amount
£ £
Church - 1120 Pollokshaws Road, Glasgow 308,022 450,000
Church - 60 Weaver Street, Glasgow 2,114,657 2,750,000
Church - 12 Casselbank Street, Edinburgh 305,353 350,000
Church - 52 Gorgie Road, Edinburgh 1,099,864 975,000
3,827,896 4,525,000

The last external professional valuations of the Church premises were as follows:

1120 Pollokshaws Road, Glasgow - Pinders in June 2021

continued...

Page 22

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

14. TANGIBLE FIXED ASSETS - continued

60 Weaver Street, Glasgow - Pinders in June 2024 12 Casselbank Street, Edinburgh - Pinders in July 2021

52 Gorgie Street, Edinburgh - Pinders in May 2019

The valuations listed above are inclusive of any relevant property improvements which are disclosed separately to freehold property. If freehold properties had not been revalued, they would have been included at historical cost of £3,827,896 (2023 - £3,827,896) with aggregate depreciation to date of £660,360 (2023 - £622,080).

15. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 January 2024 and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

The investment in group undertakings solely relate to a non-trading company. There were no investment assets outside the UK.

16. INVESTMENT PROPERTY

FAIR VALUE
At 1 January 2024
and 31 December 2024
AMORTISATION
At 1 January 2024
Eliminated on disposal
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 £
9,707
-
9,707
9,707
-
9,707

The ATM was disposed during in the year following the termination of the lease.

continued...

Page 23

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Gift aid recoverable
Paypal
Stripe
Prepayments
18.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 20)
Other loans (see note 20)
Trade creditors
Social security and other taxes
Pensions
Credit card control
Deferred income
Accrued expenses
An analysis of the movement in deferred income is detailed below:
Deferred income
Opening balance as at 1 January 2024
Arising in year
Release in year
Closing balance as at 31 December 2024		 2024
£
91,944
13,543
90
3,123
6,253
114,953
2024
£
69,940
-
87,966
8,169
2,857
2,952
3,584
11,132
186,600		 2023
£
26,067
7,423
2,432
1,895
1,817
39,634
2023
£
75,944
37,327
36,869
8,001
2,401
4,113
2,459
12,978
180,092		 2023
£
26,067
7,423
2,432
1,895
1,817
39,634
2023
£
75,944
37,327
36,869
8,001
2,401
4,113
2,459
12,978
180,092
£
2,459
3,584
(2,459
)


3,584

Deferred income represents amounts received in respect of hall lettings income for events and classes take place in 2025.

continued...

Page 24

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Bank loans (see note 20)
Other loans (see note 20)		 2024
£
1,354,362
-
1,354,362		 2023
£
524,504
874,146
1,398,650

20. LOANS

An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Kingdom Bank loan
Clydesdale Bank loans
Loan - CAF Bank
Amounts falling between one and two years:
Kingdom Bank loan
Clydesdale Bank loans
Loan - CAF Bank
Amounts falling due between two and five years:
Kingdom Bank loan
Clydesdale Bank loans
Loan - CAF Bank
Amounts falling due in more than five years:
Repayable by instalments:
Kingdom Bank loan
Loan - CAF Bank		 2024
£
10,952
58,988
-
69,940
33,225
48,149
-
81,374
142,071
18,401
-
160,472
1,112,516
-
1,112,516		 2023
£
17,698
58,246
37,327
113,271
6,399
58,988
40,769
106,156
65,644
66,550
145,975
278,169
326,923
687,402
1,014,325

The charity entered into a 30 year loan for £675,000 with Kingdom Bank in March 2008. Interest was charged at the base rate plus 2.75%. The loans have since been amended to an interest only facility for a period of 12 months from 1 September 2024 and interest is charged at 7.75% variable per annum.

The charity entered into four 20 years loans which totalled £750,000 with Clydesdale Bank in September 2006. The loans have since been restated in settlement with Clydesdale Bank with three loans due to be repaid in 2026 and one loan due to be repaid in 2028. It was agreed as part of a settlement with the charity to restate the four loans as if they had been fixed interest rate loans for the first five years moving to variable interest rate loans after five years. Interest is charged at the base rate plus 0.97%.

The charity took out a loan for £1,165,000 with CAF Bank over 20 years in May 2017. Interest is charged at the base rate plus 3.5%.The charity has concluded the refinance of existing CAF bank loan at the end of August 2024 and has entered into a 30 year loan for £900,000 with Kingdom Bank.The loan includes an interest only facility for a period of 12 month from 1 September 2024 and interest is charged at 6.2%.

continued...

Page 25

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

21. SECURED DEBTS

The following secured debts are included within creditors:

Bank loans
Loan - CAF Bank
Kingdom Bank hold a standard security over the following properties:
- 52 Gorgie Road, Edinburgh
- 70 Cathedral Street, Glasgow.
Clydesdale Bank hold security over the following properties:
- 12 Casselbank Street, Edinburgh		 2024
£
1,424,302
-
1,424,302		 2023
£
600,448
911,473
1,511,921

22. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed assets
Investments
Current assets
Current liabilities
Long term liabilities
MOVEMENT IN FUNDS
Unrestricted funds
General Fund
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General Fund
TOTAL FUNDS		 Unrestricted
funds
£
4,397,245
1
176,602
(186,600)
(1,354,362)
3,032,886
e as follows:		 Restricted
funds
£
-
-
-
-
-
-
At 1.1.24
£
3,105,717
3,105,717
Incoming
resources
£
1,210,013
1,210,013		 2024
Total
funds
£
4,397,245
1
176,602
(186,600)
(1,354,362)
3,032,886
Net
movement
in funds
£
(72,831)
(72,831)
Resources
expended
£
(1,282,844)
(1,282,844)		 2023
Total
funds
£
4,484,412
9,708
190,339
(180,092)
(1,398,650)
3,105,717
At
31.12.24
£
3,032,886
3,032,886
Movement
in funds
£
(72,831)
(72,831)

23. MOVEMENT IN FUNDS

continued...

Page 26

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

23. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General Fund
Restricted funds
DC Glasgow Heating Project Fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as
Incoming
resources
£
Unrestricted funds
General Fund
1,050,074
Restricted funds
DC Glasgow Heating Project Fund
-
TOTAL FUNDS
1,050,074		 At 1.1.23
£
2,702,370
3,723
2,706,093
follows:
Resources
expended
£
(1,200,417)
(3,723)
(1,204,140)		 Net
movement
in funds
£
403,347
(3,723)
399,624
Gains and
losses
£
553,690
-
553,690		 At
31.12.23
£
3,105,717
-
3,105,717
Movement
in funds
£
403,347
(3,723)
399,624

Unrestricted funds

General Fund: represents the normal funds, income and running expenses of the charity.

Restricted funds

Destiny Church Glasgow Heating Project Fund: represents a grant received for the purpose of upgrading the heating systems in a Glasgow Church building and the corresponding expenditure.

24. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a defined contribution pension scheme. This pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £15,910 (2023 - £14,738). At the balance sheet date, the amount relating to pensions due within creditors was £2,857 (2023 - £2,401).

continued...

Page 27

0￿￿￿gn Envekfe ID.. CD765TcG374￿b4¢A74￿lEFo[￿EBAy Cor thè Yoair End￿ 31 Doe@tDbor 2024 25. 2027and 2029 respecliiEty. The chan.ty con]llJitte(i to payins £48.518 (2023 - £1.426) ai the balance she date. 26. RELATED PARTY DISCLOSURES tknin8 the year. th¢ clwity had the follo￿)￿8 related party tr3nsactions'. TnLStee tinistri. fees.. £55.992 (2023 - £55.992) At the baiallce sheet date. the charty 0￿ed￿ £6.380 (2023: £3.260) in relatioll to the reimburseD]ellt of trai.el Lw5es p￿d for on belialt ot"DestinyNI￿lstrlC5. The reclwged to Destilly mi￿"StrICS in the year. In 2023. the ¢hatity re¢eii"ed a hoKhOrntium of £2.519 on behalf ot another ¢hur¢h at Zuri¢lL the all￿U￿t was fidty repaid io A[bIr￿. in res￿￿ of bis i'oluntay work Susall 0￿.ell- Trnsiee Ministy salary.. £32.554 (20?3 - £32.554) Ministry pension.. £1.628 (2023 - £1.628) The reDllmeratioD Io . IcceiiEd a 5akny of £13.340 (2023 - £11.444 atld peDsion £J-(I I . ￿lfe of Roba Owen receii'ed a salary of £1.297 and pension con1n￿tion of £tiil dwin8 the year aiilecl_l l Detemb¢r 2024. . Biisine% rec￿l￿d Sal￿ pa)rynents of £48.165 (2023 - £48.165) and pensioll contributions of £l.886 (7023 - £1.886). receil-ed a 5a]8ry of £17.146 {2023 - £17.146) atld pensio￿ contributions of £672 (2023 - £672). The total all￿U￿¢ of doDatiolls llmde by the TT[￿teS durillg the year M75 £47.618 (2023 - £38.819). There wer¢ no TnLStees' expe1￿ paid for in th¢ year 31 D¢¢¢nkn 2024. Two Tn￿te¢,$ expenses in respect of tral'el costs wtte re1mbUts￿ for the year 31 Decenther ?023. The total expexjses rein)bursed itt th¢ year £3.260. the year. dxe cljariry proiided non-cxsh cards io three of its TnLsiees as a ￿kets of appreciation for tbeir i"ohmtary seThice.The total I￿Ue of the 8ift eards anujullted to £1.700. All atry Trustees receii"e no income or reJnun￿On for Tru5tee5. alld haNe no say or iiipi]t iato salaries for prof￿s1o￿al seThices re￿de￿I to the cbarity. Any remjmeratioll is set by all independent salary reiieTh' board. Any consultallcy ser%ices re￿Iered ate agre￿1 on a PrOfe￿"Onal bases by the board and tlLeir adiisors. Th¢ charitie5 Shared one con]nN)n Tntstee dwiDg the year. ID athjitio￿ a business of the Charity was a Tntstee and a b￿SInesS nwjaget ofDestiny Ministries. The follo￿ting transactions took place dwing the year: ContrAblltion recei￿ed for nh)rt8a8e ittlerest costs.. £54.000 (2023- £47.(XM)) Salary eontributions re£eii"ed.. £44.786 (2023- £41226) Page 28 Continued...

�������������������� ��� � ���� � ������ � � ����� �� �

Destiny Church Trust

Notes to the Financial Statements - continued for the Year Ended 31 December 2024

26. RELATED PARTY DISCLOSURES - continued

Reimbursement received for expenses made by the charity: £5,755 (2023: £nil) Recharge income in respect of hall lettings; £6,545 (2023: £nil) Recharge expenses in respect of Andrew's business mileage made by DCT: £6,380 (2023: £nil)

Tithe payment paid: £110,909 (2023 - £93,210) Indian Orphanage appeal: £nil (2023 - £4,200) Contributions paid for other costs: £57,351(2023 - £40,157)

At the balance sheet date, there is a balance of £75,548 (2023: £3,000) due by Destiny Ministries. The charity owed Destiny Ministries £57,828 (2023 - £20,650) in respect of tithes and other costs at the balance sheet date.

Destiny Community Enterprises - SC045696

The charities shared one common Trustee during the year.

The charity received a £34,500 (2023 - £20,900) contribution towards Community Grocery store from Destiny Community Enterprises in the year.

Jesus Alive Gospel Outreach - SC285658

The charities shared one common Trustee during the year.

The charity paid monthly grants of £1,000 in the year, giving a total of £12,000 (2023 - £12,000) paid to Jesus Alive Gospel Outreach.

Destiny Church London - 1176623

The charities shared one common Trustee during the year. The following transactions took place during the year:

Donations received: £27,180 (2023: £2,500)

27. APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.

Page 29