DESTINY MINISTRIES INTERNATIONAL
The advancement of the Christian religion.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves of £97,219 are sufficient to meet the charity's policy target of two months of unrestricted expenditure. The charity reports a net incoming resource of £3,871 for the year, with total income decreasing by 9% compared to the prior year. The trustees confirm that the financial statements are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately two months of unrestricted charitable expenditure.” — page 4
“Pastor Yeboah is employed by the charity on a self employed basis and received £16,964 (2023 = £15,553) as the Resident Pastor of the charity.” — page 12
Trustees
- BENEDICT NDU SEABA
- BENJAMIN YEBOAH
- CECELIA OSEI-GYAWU
- NATASHA OWOH
- NONSO OWOH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £50k | £46k |
| 31/12/2023 | £55k | £38k |
| 31/12/2022 | £63k | £34k |
| 31/12/2021 | £47k | £32k |
| 31/12/2020 | £42k | £28k |
Common questions
Is DESTINY MINISTRIES INTERNATIONAL financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves of £97,219 are sufficient to meet the charity's policy target of two months of unrestricted expenditure. The charity reports a net incoming resource of £3,871 for the year, with total income decreasing by 9% compared to the prior year. The trustees confirm that the financial statements are prepared on a going concern basis with no material uncertainties identified. Its FY2024 accounts were independently examined.