REGISTERED COMPANY NUMBER: 04621037 (England and Wales)

REGISTERED CHARITY NUMBER: 1095861

Destiny Christian Church - Wakefield

Report of the Trustees and

Financial Statements

for the Year Ended 31 December 2024

Page

Report of the Trustees

1

Independent Examiner's Report

6

Statement of Financial Activities

7

Balance Sheet

8

Notes to the Financial Statements

10

The Trustees present their annual report and accounts for the year ended 31 December 2024.

The board of trustees are pleased with the overall performance of the Charity during the year, the position at 31 December 2024 and consider that the Charity is in a stable position to continue its activities during the coming year, and that the Charity's assets are adequate to fulfil its obligations.

OBJECTIVES AND ACTIVITIES

Objectives and aims

-To advance the Christian faith in our City, the UK and around the world as we are able. To help bring relief to those who are needy.

-Through the provision of Sunday Services and other mid-week services including children's club and youth events, Destiny aims to strengthen peoples Christian faith and extend the Christian faith to the local community.

-To give relief to people in hardship in the UK and overseas by giving financial support and arranging mission trips to help in community projects.

-To help serve the needs of our local community by providing a variety of community initiatives which are available to all.

The Charity's Strategies

- Sunday services are made friendly and relevant to enable visitors to engage in and become committed to the church. Outreach programmes continue to evangelise the local community to reach out to all ages. Many other activities give us opportunity to connect with the local community.

- Sunday School, Kids and Youth Clubs for young people are provided for both members of the church and giving invitation to the wider local community.

- Sunday and midweek teaching on Christianity continues to increase member's faith and we hold evangelistic meetings to advance the Christian faith into the city of Wakefield.

- Destiny Christian Church - Wakefield continues to help in church projects in the UK and around the world.

Grantmaking

The Trustees carefully consider the help that they might give to support other churches in their mission, be that in the UK or abroad. All such organisations would have similar aims and objectives to Destiny Christian Church - Wakefield. Generally, most donations are made to organisations with whom we have a long term relationship and we remain involved in the overseeing of those donations being used for the purpose for which they are given. Such donations arise because of the decision of the Trustees of Destiny Christian Church and not from requests and applications.

Volunteers

The Church relies on, and greatly appreciates, the very considerable input of volunteers who help to make most of the activates of this busy church happen.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

- The Church provides Sunday Services, also smaller groups mid-week for existing regular attendees and to help attract new people to the church. The services are accessible online as well as in person.

- The Church has people accessing the online services alongside the in-person services. The numbers of people attending services has been stable during the year and shown some steady growth in numbers.

- The Church has regular activities for children and youth during Sunday Services and also mid-week with a regular Kids club and Youth club and these have been well attended throughout 2024.

- Sticky Fingers is the weekly Parents and Toddlers Group at Destiny Church, and has been full each week and is a very popular community group for both church attendees and the local community. This group provides the local community with a safe play space for young children and a warm and comfortable supportive environment to chat and make friends for parents and carers.

- The Church community Café Connect is a great way of connecting with the local community and provides further opportunity for fellowship. It has been well attended each week in 2024 and continues to raise funds for the church mission outreach and provides a warm space for all people to meet up.

- The Church is engaged in 'missionary work' to help local churches and community projects which are similar in style and belief in the UK and overseas.

- Zion Christian Centre Stanley Wakefield (a branch Church) continues to go well and is serving the community through Sunday Services and other community programmes. The church attendance is stable and the church continues to plan for future growth and continues to provide community projects for the local area.

- Destiny Church Wakefield continues to serve and support churches around the world through the family of churches known as Destiny Connections International (DCI).

FINANCIAL REVIEW

Reserves policy

The directors have considered the level of reserves they wish to retain, appropriate to the Charity's needs. This is based on the Charity's size and the level of financial commitments held. The Directors aim to ensure the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Directors will endeavour not to set aside funds unnecessarily.

The Trustees of Destiny Christian Church have decided to keep some funds in reserve to help pay ongoing costs of running the Church - especially the loan, should the Church experience any loss or dip in incoming donations. We endeavour to keep 3 months of the cost of the building loan repayments in savings.

Transactions and Financial position

The financial statements are set out on pages 7 to 18. The financial statements 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), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

As stated in the introduction to this report, the Trustees consider the financial performance by the Charity during the year to have been satisfactory and believe they show a stable position.

The Statement of Financial Activities show net outgoing resources for the year of £30,916 (2023: net outgoing resources £24,807).

The total reserves at the year end stand at £318,659 (2023: £349,575).

Share Capital

The company is limited by guarantee and therefore has no share capital.

FUTURE PLANS

We plan to continue our support in Malawi, especially for the Lunchbox feeding programme and school for disadvantaged children as well as continuing to support churches in India, Poland and Zambia.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is constituted as a company limited by guarantee and is therefore governed by a Memorandum and Articles of Association. The Directors of the Company are also Trustees of the Charity.

Recruitment and appointment of new trustees

A new trustee may be appointed, having given the statutory notice, by a resolution of the Trustees passed by the majority of the Trustees, the resolution should be recorded in the minutes, signed by the new trustee and by the Chairman of the meeting.

Organisational structure

The Trustees meet regularly to discuss and decide on all matters of church business.

Induction and training of new trustees

There has been the required training and induction of new trustees. There is ongoing training for current trustees including updates on our Safeguarding Policy.

Wider network

The Charity has no responsibility for, nor is it answerable to, any other organisation.

Related parties

The related party disclosure is shown in note 16 of the financial statements.

Risk management

The Trustees meet regularly to discuss the wellbeing and progress of the Charity. No major risks have been identified. Careful planning has been done this year to adapt the church activities and to ensure that church finances are adequate to cover the costs. However, the Trustees continue to manage all aspects of the Church's life, including the following:

- Financial

- The Trustees meet monthly to analyse, manage and review all financial matters.

- We have decided to keep some funds in reserve to help pay ongoing costs of running the Church - especially the loan. We have considered that the stipend to the ministers is less significant in our reserves policy since they have stated that they would be prepared to forego their support should the need arise.

- An adequate insurance policy is in place to cover any potential problems arising from a claim, either to do with building or public liability.

- Health and Safety

We have in place a schedule and a Safety officer to manage the risks to do with fire safety, food safety, first aid, child protection and the general safety of the building.

- Child Protection

The Church has a Child Protection Policy based on the guidance and managed by 'Thirty one eight' (formerly CCPAS - Churches Child Protection Advisory Service).

- Vulnerable Adults Policy

The Church has a Vulnerable Adults Policy which has been adopted by all Leaders and groups associated with the Organisation.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04621037 (England and Wales)

Registered Charity number

1095861

Registered office

Destiny Christian Church

Tuke Grove

Parklands

Wakefield

West Yorkshire

WF1 4AF

Trustees

I F Critchley

G Martin

R Fletcher-Brown

D Heptinstall

W I Critchley

Independent Examiner

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

Bankers

HSBC Bank plc

PO Box 33 66 Westgate

Wakefield

West Yorkshire

WF1 1XB

Solicitors

Robinsons Solicitors

10-11 St James Court

Derby

DE11 1BT

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 21 November 2025 and signed on its behalf by:

I F Critchley - Trustee

Independent examiner's report to the trustees of Destiny Christian Church - Wakefield ('the Company')

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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

J Crossley FCA

SMH Jolliffe Cork Ltd

33 George Street

Wakefield

West Yorkshire

WF1 1LX

21 November 2025

2024

2023

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

349,595

6,522

356,117

346,412

Investment income

2

564

-

564

481

Total

350,159

6,522

356,681

346,893

EXPENDITURE ON

Raising funds

73,702

-

73,702

64,442

Charitable activities

Missions, outreach and ministry support

223,747

41,064

264,811

258,814

Other

49,084

-

49,084

48,444

Total

346,533

41,064

387,597

371,700

NET INCOME/(EXPENDITURE)

3,626

(34,542

)

(30,916

)

(24,807

)

Transfers between funds

15

(18,654

)

18,654

-

-

Net movement in funds

(15,028

)

(15,888

)

(30,916

)

(24,807

)

RECONCILIATION OF FUNDS

Total funds brought forward

332,970

16,605

349,575

374,382

TOTAL FUNDS CARRIED FORWARD

317,942

717

318,659

349,575

2024

2023

Notes

£

£

FIXED ASSETS

Tangible assets

7

688,207

706,256

CURRENT ASSETS

Debtors

8

14,348

21,900

Cash at bank and in hand

41,826

55,552

56,174

77,452

CREDITORS

Amounts falling due within one year

9

(16,812

)

(14,536

)

NET CURRENT ASSETS

39,362

62,916

TOTAL ASSETS LESS CURRENT LIABILITIES

727,569

769,172

CREDITORS

Amounts falling due after more than one year

10

(408,910

)

(419,597

)

NET ASSETS

318,659

349,575

FUNDS

15

Unrestricted funds

317,942

332,970

Restricted funds

717

16,605

TOTAL FUNDS

318,659

349,575

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 21 November 2025 and were signed on its behalf by:

W I Critchley - Trustee

D Heptinstall - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

Incoming resources are accounted for on a receivable basis deferred as described below where appropriate.

Investment Income

Bank interest received is included on an actual receipts basis.

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.

In particular the policy for including items within costs of generating funds and charitable activities costs is:

Charitable activities

This includes the cost of goods and services and ancillary costs that have been incurred in charitable activities. The ministers are involved with such activities and therefore the relevant stipend costs are treated as direct charitable expenditure.

Allocation and apportionment of costs

The methods and principles for the allocation and apportionment of all costs between the different activity categories of resources set out above are:

The Charity's operating costs including staff costs, rent and other related costs. Such costs are allocated between types of resources expended and between charitable expenditure and management and administration on the basis of estimates made by the directors.

The bases of the estimates used were a common sense assessment of the nature of the costs involved.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

at varying rates on cost

A regular annual review of the likelihood of asset impairment is undertaken. The basis of this review is to examine the assets in their current use and establish that they are fit for purpose.

Capital Grants

Gifts of tangible fixed assets or grants of a capital nature given for the specific purposes and fully utilised in the furtherance of the objects of the Charity should be credited to the relevant fixed asset fund after the sums have been properly expended on the restricted purpose. The related asset is shown in the balance sheet at the full cost of acquisition or subsequent revaluation.

If the related assets are subject to restriction by the grant making organisation or individuals on their use and disposal, then this restriction is noted in the fixed asset section of these accounts. In such circumstances, the fixed asset fund created is treated as a restricted fixed asset fund. As the related assets are depreciated, then a transfer is made from restricted fixed asset funds to unrestricted revenue reserves to reflect the diminution in the asset subject to the restriction.

If the related assets are not subject to restrictions by the grant making organisation on their use and disposal, then the fixed asset fund created is treated as a designated fixed asset fund. As the related assets are depreciated, then a transfer is made from designated fixed asset funds to unrestricted revenue reserves to reflect the diminution in the asset. In this year a sum of £nil (2023: £Nil) was transferred from designated fixed asset funds to unrestricted revenue reserves.

Any residual liability to the donor arising from, for example, the asset's future sale, is disclosed as a contingent liability unless the event that would trigger repayment of the grant becomes probable in which case a liability for repayment is recognised.

Taxation

As a registered Charity, the Company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.

Fund accounting

The Charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the Charity. Such funds may be held in order to finance both working capital and capital investment.

Restricted funds have been provided to the Charity for the particular purposes, and it is the policy of the Board of Trustees to carefully monitor the application of these fund in accordance with the restriction placed upon them.

There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above.

Any other proposed transfer between funds would be considered in the particular circumstances.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Finance and operating leases

Rentals payable in respect of operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred.

Winding up or dissolution of the charity

If upon winding up or dissolution of the Charity there remain any assets, after the satisfaction of all the debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the Charity.

2.	INVESTMENT INCOME

2024

2023

£

£

Deposit account interest

66

196

Bank interest received - Zion Christian Centre

498

285

564

481

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024

2023

£

£

Independent examiner's fees

2,850

2,550

Other accountancy fees

2,680

2,593

Depreciation - owned assets

24,750

24,225

Hire of plant and machinery

602

882

Other operating leases

10,000

10,822

4.	TRUSTEES' REMUNERATION AND BENEFITS

No trustees have received any remuneration, either in the current year or the prior year, except that the Ministers received a stipend on a self employed basis as set out below.

I Critchley and W Critchley received a stipend for carrying out pastoral work, paid on a self employed basis, in the sum of £39,900 (2023: £42,700) and £24,000 (2023: £23,600) respectively.

Trustees' expenses

2024

2023

£

£

The aggregate amount of expenses paid to Trustees was

-

-

5.	EMPLOYEES AND KEY MANAGEMENT PERSONNEL

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

2024

2023

Admin. support

4

3

The Charity considers its key management personnel comprise the trustees. Details of the trustees remuneration are included in note 4.

No employees had employee benefits in excess of £60,000 (2023: none).

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

322,898

23,514

346,412

Investment income

481

-

481

Total

323,379

23,514

346,893

EXPENDITURE ON

Raising funds

64,442

-

64,442

Charitable activities

Missions, outreach and ministry support

217,579

41,235

258,814

Other

48,444

-

48,444

Total

330,465

41,235

371,700

NET INCOME/(EXPENDITURE)

(7,086

)

(17,721

)

(24,807

)

Transfers between funds

(17,778

)

17,778

-

Net movement in funds

(24,864

)

57

(24,807

)

RECONCILIATION OF FUNDS

Total funds brought forward

357,835

16,547

374,382

TOTAL FUNDS CARRIED FORWARD

332,971

16,604

349,575

7.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 January 2024

998,037

150,123

1,148,160

Additions

-

6,701

6,701

At 31 December 2024

998,037

156,824

1,154,861

DEPRECIATION

At 1 January 2024

296,262

145,642

441,904

Charge for year

19,960

4,790

24,750

At 31 December 2024

316,222

150,432

466,654

NET BOOK VALUE

At 31 December 2024

681,815

6,392

688,207

At 31 December 2023

701,775

4,481

706,256

All the assets are used for direct charitable propose and there are no inalienable or heritage assets.These assets were partly acquired with the aid of donations and there are restrictions upon the manner in which the assets can be dealt with imposed by charity law.

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

48

20

Taxation recoverable

3,228

14,876

Prepayments

11,072

7,004

14,348

21,900

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 11)

10,414

9,166

Other creditors

368

-

Accruals

6,030

5,370

16,812

14,536

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

2024

2023

£

£

Bank loans (see note 11)

408,910

419,597

11.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year on demand:

Bank loans

10,414

9,166

Amounts falling between one and two years:

Bank loans due within one to five years

49,773

44,340

Amounts falling due in more than five years:

Repayable by instalments:

Bank loans due more than five years

359,137

375,257

12.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

6,175

6,241

Between one and five years

7,934

1,802

14,109

8,043

13.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

419,324

428,763

The bank loan is secured by a first mortgage on the freehold property, and is repayable over 30 years. The rate of interest is variable on 14 days notice and has increased gradually from 7.25% to 7.75% during the year to 31 December 2024.The amounts repayable after five years have been calculated on the basis of reasonable interest estimates.

14.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

2024

2023

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Fixed assets

688,207

-

688,207

706,256

Current assets

55,457

717

56,174

77,452

Current liabilities

(16,812

)

-

(16,812

)

(14,536

)

Long term liabilities

(408,910

)

-

(408,910

)

(419,597

)

317,942

717

318,659

349,575

15.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.1.24

in funds

funds

31.12.24

£

£

£

£

Unrestricted funds

General fund

297,682

1,201

(19,089

)

279,794

Zion Christian Centre

35,288

2,425

435

38,148

332,970

3,626

(18,654

)

317,942

Restricted funds

Missions

16,260

(32,994

)

17,301

567

Malawi

345

(1,548

)

1,353

150

16,605

(34,542

)

18,654

717

TOTAL FUNDS

349,575

(30,916

)

-

318,659