Charity Accounts Intelreading the accounts so you don’t have to

HOUSE OF DESTINY MINISTRIES

Registered charity 1180251 · accounts filings on the Charity Commission register

The Charity is a Christian Church that provides Pastoral, Evangelistic and Christian Benovelent services. The church provides regular church services, mainly held on Sunday, wedges adn Friday. Due to the pandemic these times have been changed or conducted online through various video sharing platforms.

Causes: Disability · The Prevention Or Relief Of Poverty · Religious Activities · Recreation · Get email alerts

Latest income
£74k
Latest spending
£57k
Registered
2018
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total income decreased by 5% to £68,627, while expenditure fell by 3% to £58,759, resulting in a surplus for the year. However, the charity holds very low unrestricted reserves of £1,900, which is significantly below the trustees' stated policy target of three months' expenditure. The charity also carries substantial liabilities, including a £60,000 long-term building loan and short-term creditors, though the trustees maintain there are no material uncertainties regarding its ability to continue as a going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Voluntary Income (84% of income)
“Income from tithes and offerings made up 89% of the church’s voluntary income.” — page 9
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: three months of unrestricted expenditure (held: £2k)
“The minimum level of reserves deemed to be required is based on the budgeted expenditure for the next year, with the aim being for general reserves to be between two- and four-months’ expenditure with a target of three months” — page 9
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £184k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Durham · Gateshead · Middlesbrough · Newcastle Upon Tyne City · North Tyneside · Northumberland · South Tyneside · Sunderland

Income and spending

Financial year endIncomeSpending
28/02/2025£74k£57k
29/02/2024£73k£62k
28/02/2023£86k£77k
28/02/2022£82k£79k
28/02/2021£69k£52k

Common questions

Is HOUSE OF DESTINY MINISTRIES financially healthy?

Per its FY2025 accounts: The accounts state that total income decreased by 5% to £68,627, while expenditure fell by 3% to £58,759, resulting in a surplus for the year. However, the charity holds very low unrestricted reserves of £1,900, which is significantly below the trustees' stated policy target of three months' expenditure. The charity also carries substantial liabilities, including a £60,000 long-term building loan and short-term creditors, though the trustees maintain there are no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were independently examined.