Registered number 05278235
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED
Report and Accounts
30 September 2020
Registered number 05278235
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED
Filleted Accounts
30 September 2020
1
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Directors' report | 1 |
| Accountants' report | 2 |
| Profit and loss account | 2 |
| Balance sheet | 3 |
| Statement of changes in equity | 4 |
| Notes to the accounts | 5 |
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED Company Information
Directors
Justice John Kofi-Annan Richard Derek Afreh John Dadzie
Accountants
VINKEA and ASSOCIATES lTD Unit 133 548-550 Elder House, Elder Gate Milton Keynes Buckinghamshire MK3 6JS
Bankers
NatWest ADDISCOMBE 209 LOWER ADDISCOMBE ROAD CROYDON CR0 6RB
Registered office
333 Romford Road London E7 8AA
Registered number 05278235
1
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED Registered number: 05278235 Directors' Report
The directors present their report and accounts for the year ended 30 September 2020.
Principal activities
The company's principal activity during the year continued to be …
Directors
The following persons served as directors during the year:
Justice John Kofi-Annan Richard Derek Afreh John Dadzie
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 25 June 2021 and signed on its behalf.
Apostle Justice Kofi-Annan Director
2
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED
Report to the directors on the preparation of the unaudited statutory accounts of DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED for the year ended 30 September 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED for the year ended 30 September 2020 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
VINKEA and ASSOCIATES lTD Chartered Certified Accountants Unit 133 548-550 Elder House, Elder Gate Milton Keynes Buckinghamshire MK3 6JS
15 June 2021
3
TRU5TEE5ANNUAL REPORT AND ACCOUNT FOR THE YEAR ENDING 30SEPTEMBER 2020 Regist¢red Number 1111299 Tru5tee5' Report Destiny Apostolic Church International tSteeS presenttheirstahitory report with the financial stateiiientfoi'the yeai. elided Joth Septeml)ei' 2020. The report lias been prepared in Coinpliance with Part IV ofthe Chanties Art 2005. Financial Statements hive been pJEpThred 2n.IccoiJce wirli rlie accouiiriiig poljcies Comply with the ch11Itable Accoullrii and Repoiting FRS102. by Chirities Statement of Recotntnpnded Practice ISORP 20051 Charity Informatio TheTrustees are.. Mr justice Kofi-Annan Mr Richard Mr john Dadzie Offir¢Addre$5'. 333 Romford Road Forest Gale London E7 8AA Phone: 02085550784 07534fy)1031 E-mail.. info.da ahoo.co.uk Website= hvww.daci.or SeniorPastorin thar8e.. Apostle liisnce KofiAnna Method of Appointment or Election of Trustees The manageimeiii of the eliariiy is tlie respotisibiliiy of tlie TrLlStees who are elected by resoliition or Appoint1 ro-optpd linder theTnist Dppd orthe rontribiiknon that they will rnake to the 8overnance ofthe orgAnisation and the skills theywill Cuidaiice and Goverilli docuiiieiitaiid policies of tlie Charity existli boaixl njembers. The lollowing iiieiiibers are trustees. justice Kofi-AiinatL 45 Hill Hiwye Drivechadwell St. Mary fjtèY411M164DS Rlchard Af mI)erst Haniliatii Lane.WithillgtoJJ Gloutestershlre GL54 4DD john Dadzie. 33 F estoll G.11enS, B117]et 1114 91y Policies Adopted for the Induction and Training of Board of Trustees Tlie indiictioii process lor atw newlyappointed metnberoftlie Boird olTrustees Cotnprises ofan initial meeting with the Board ofTru5tee5 where the powers and respoii5ibililie5 ofihe Trustees atE clearly expiainpd. To fiirtlier eIiliaiice the governance skills olTriistees. they are registered to different trHiniiig events, onferences and seTninars. Thi5 ensures sthrtCOTnpliance to relevant regulatio[. Organisational Structure, Governance and Management CoThstitution-. Destiiiy Apostolic Cliiircli Interiutionil is i chintable comp1ny Liinited by Guarantee. The charity 15 Set up with special charitable articles. and i5 registered both at ihe Coinpaiiy House la5 a coinpanyl and witli Chatity CDinini5SlOrt as a charity in its right. Whilst the church hRS an inspirdtional spiritiial leader. the hurch has dirertors 2nd members who servire as thistees of the rharity iii accord1nce with Charities Act 2006. Tlie governing of the Charity is eiitiiEly the respoiisibility olthe Board of Directors l Tiiistees and is independeiit and free fiDm ajiy exreriial iiifluellce. Tlje Bo2rd of Trustees iiieet regularly to InJiiage its affiirs and miist siibtnit accoiints on an anniial basis to both the CoTnpany House and the Charity Cornmi5sion and tnust cotnply with both charity and company laws. There is oiie 11 tiinc staff and about twentyvoluntcors. Trustees have respollsibilities ofgood gover11an by ensuring the ovèrall dirèttion.
greeing the purpose ofthe charityand that the charityTnake5 a difference by dvancing the abjectof the greeing broad strategies to carry out the chari5 putP05e effectively including ensuring that policies and activitie5 achieve thoseDbjective5 ccounting for the charities perfortnance thit the chaiity is well ruli and etTicient that problems are identified early and dealt with appropriately preservation ofthe reputation and integrityofthe sector eoinpliance wilh law aI)d regulatioii tnakiI)g Sure the eharlty Is run way that IS legal. sponSIble and etyertlve. However.the. Board ofDirectors ITriisteesmiistensuregoodgovernanceas theyrely on Mai differentpeople to be abletogovei'ii well- statfand in paiticulai'ly, the chief otTicer. voliiiiteeis, advisors and others wth interestor stake in the chanty Related Party Relationship Destiny Apostoljc Church Iiiteriianonal was bjrthed in ForestGate wjth a braJ)ch in Hackneyand Kumasi. Ghana. Objectives of the Charity and Main Activities Advancing the Christian faith through various programmes in United Kingdom forthe benefit ofthe public through the hDling ofprayer meetings. lethires. piibliccelebi7tion offestivals. prodiicing alld for distril)iiting liteinture oiidie ChThstiaii faith to eiilJgTrJten others abolit the Chnstian relieion. To relieve persoiis who are in conditions of iieed orhirdship and to relieve cause ofpoverty in our coinmunityand otherpart ofuiiited Kingdom from its base in Forest Gate. Subordinate To workstrateg]callyto Identtfy iieeds and to give hope to the distressed. the oppressed, disilliisioned. less privileged orwhosoever is in need ofhope. To establish newchiirch parishes, stnall groiips and coinmunityceiitres. hoiise fellowships and to assist those faniilies in disti'e5ses Set up Pastor coach network. Tnusical trainingforyoungpeople atLd to prociire siiitsble investtnentproperties to generate incoTne Raise a generation of people ready forthe COTningofoiJr Lord le51l5 Christ and reflethng His glory Set lip niirseries. afterschool cliib5. $uJnJnerschools andyouth projert5 and tnedia activities foryoun8 people Suppart individuals, groups and agencies working in communitie5 To siisnin and develop multi-culnirnl foium is a]i OlElnlS1ttoiiwhich meets the needs olthe local majonty and niinority ethnic popu]ahon throiigh Biblical leaching5 PtroviSiOn of tnpniorship. atld equip membèrs to beeome respottslble lèadèrs/ To achieve the above objectives: Destitry Apostolic Cliiiirh Internatioiul we puttogetheradequate administrative and fiiiaiicial supportteam We biiilta wder networkof relationship thIll the local comtniinity and collaborativework witli otherchiirclies and charities Raise ftind5 Wthiii the church to supportand meetfinancial burden for those who were aboiitto dTOP Out ofuniversity for lack of finance. RunningTnarriage and other coiinselling operatlOll5 RuiiJJiJJg ICTalld specjaljst progratns that empowertlje meJJJbers and orheraetivities that raise standard and profiles of attendees. men. womenand slileS progranjs. 12)v]ting business people totrain members and eomiiiunity people Worship and Value ofpThise aiid Turning poiiit seiniiiars. Give financial supportand hardship Inoneyto thosewho required and genuinelydeserved to be asSlSted. Where appropriate do hospital ministration We reach oiitto the wniTniinity in the ForJn of Ev3ngeli5Tn. Leadership Training we are able to tneet those that not only lack faith butneed Welfare assistaiice in one wayoranothei.. Found a genuine wayofasslsting metnbers and nan-Tnembers during the lockdown Pasioral Counselling- continued on line and zootn dutingthe long lackdown.
Risk Analysis and Management: The Board ofTnistees has consideredtlie riskto which the charity is exposed and systeJJJs have beenestablishedto ijjinimise those riskand minimise the impaet on tljanty. Iiitertial proeÈdures and tollirols are estsbllshed whleh are reviewed regularly to Ensure catnpliancp at all titne& Responsibilities ofthe Trustee5 The Charity Act 2005 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 as at balance sheet date and of its income resources and application ofresources, including income and expenditure, for the year then ended. In preparing these financial statements which give a true and fair view, the Trustees should follow best Dractice and- l. Selec¢ suitable accounting policies and then apply them 2. Make judgements and estimates that are reasonable and Rtudgllt 3. State whether applicable accounting standards have F22gtL followed, Subject to any tnaterial departures disclosed and explained in the notes to the The irusiees are responsible for keeping accounting records w]Li£b disclose with reasonable accuracy at any titne the financial position of the eharity and also ensure thai rhe financial Staments eomply Wlth the Charity Act 2005 The trustees 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 irregu12rities. Thanks Apostle lustiee Kofj Annan 25 lune 2021
iyport lo the T]st5 oftbe stRte]Dellts ofibe rbxrltHble oll pxges 8 to 211 foi. !-exi- eDded 30 Septe]Dber 2ts20 whlfh hATr'e been piypaiyd ill accordADce wltb the L'blteS Act 2011 (tkne Act) tbe ReportfjD¥ stndl'd 102,{tffeclJve 1st 2016) As rnodllled by Flis 102 SORP. (Sl&lÈniPniofRerfyniiOrtefj Pix¢rf¢o foi. ACcolitIgnaR&IlI1gbVra1fj1jQl) ZOi4,1 or Rftfr 1st 2019). (Tbe SORPI. pubushed b). thp Cbarll). cj[ls51Oll ID E81Rd & WAle5{C'CEW}alld llDdfrtbehistorlril c05t fOliTrflltloD aDd the ACCOUlitID% p0CeS Setllt pages below.. Rgspgdivg Tgsponsillilill of thg TTustg95 thg Inflgpgndgnt and Ihe basi5 01 th8 Teport As desC1belI pge 6, the COMPADV'S tiwsttts who AIY tbe Dlit0r5 the clPAl. foi. tbt Pl'PSe$ Ixw, Ai'r IYspoD$lblt foi. pi'epixtJoD ofthe I]rIl ArrfyixiAik¢owllb thg cl11Pmle Art 2Trn6. lh• ChAI'ltltr Art 2011 Tbt TIstS IO115ldei' that the I'eqlllremet Dfseclloll 14411) olthe LhAritle5 Act 2011 {the Aft) dfje5 ph.. thxt there 15 reqyellt ID the Ailrles ofibe chAitt. for the cODdctIngr AdIt. the ccouDts do I'equlre Audlt th AccoiyLADce Trltb PAI 16 of tbt LOWpleS Act 4(21 oflbe rbxrlh. xct. [tAYlg %&rf$thè41 Ibgt tb IJDAnrll $tAt•iD•nts Arè I'V4uliwd 14b b• udlt•d eLIle the nDaDTlxl statemet5 fjf Ihe Thxi4h' ulldfl.sec1l0 145 of the Acl. 2. follfjw the AppIl0blE procedure5 ID tbt Dlrectfjo•s by the CbArlty ComtllL8sloll UDder sectioll ortbe Act. Roptsii •fth IJLdwèDdèDI ExxDLlllers io the Tru$i¢os e•ilo Qllndopondont Examlnor's SatornMtand #¢opv of work und•rt•k¢n. SID<e tbe cbarttxble s ¥ro55 eiceeded 2$0.000. the chiifjtablp tmpA'S exnmther be a tlletllbei. of bod!. listed 5ectfjoD 141 the Act. I t1].1 IbAt l 4]11ed to ulldeiAke the beCAse Alltboi'lsed bti. of c.HARTF.RF.D AND CF.RTtFIED Acc.oirYrANT, wbjrb tb I report Ill re5PtTt of1 exxtthxtlon octbt Thxdl) 5 ThrI1 stAtets cxtded DUI de]. 5145 oftheAct.ID loUoTrYed all theappllcible Dfji'ectfjoDs gh'eD bl the CbAI'Ili Con)mJSSlll uDdei' 5ectfjoD 14Y41(b} of tbe Act set¢Jllg ut the dutjes of JDdeppudtllt exADIIDei' ID I'elxtl&D to the c&llductSDg of pHD!- of the arroulIng ewplol'fd b!. the rhxdlxblp Jllparisoll of the IlllRDclxl 5taleJlleD15 PiY5eDted wlth tb05t reofjiYi5.
DESMNY APOSTOUC CHURCH INTERNATIONAL LIMIIED |It also thcludtS CTrll51deitl0D of all). Ite oi. d15r1]S thp I1[jAI StatemeDt5. setkiD¥ eiplallxtloll5 frfjm a5 Trnstee5. collcerDID% sucb llknittei. Tbf PUiTrD5e ofthe exxtwllatloll 15 e5tab115b as fAf x5 Possible theiy bATr'e beeD Do biYAcbe8 of leWsJAtfjoD ADd tt. oll i test bAsfjs ol ei'ldeDfe I'ele1'llt to the AElIDlIDts dtsclosure5 ]Dde, the tIDADcIAI stattmellts cotllph'7vitb tkne 50RP. prorfduiT5 llDdertake do Dfjt proTrldp ill thp dThre thxt 7Yuuld be rfqulITd Ill adlt. Sl0r[nAtIon 511pplSed b!- the Tru5tee5 the 15 sllbjted tfj Audit test5 Di. enqlIe5 ADd does Dot co11. AU the [DXttei tbat Audltor Tryfjuld COD5idei' th &i'rlifjDR opfjllloll. Tbe colldllft of AdIt Ro btTroDd the Iltlllted A55UiXDC AD llldepplldellt pLTrIde. cequetiTr, I do txpiyss Ibe vSew glveD bl tbe sIAteDieDls xlld, l explSS llo is Trvbethei. tbt tlllAllclxl 5ttemeDls 8fjYe A tIP fAli'Nfjew &fthe ortbt¢hxi1>', >.]P1 l% t1ed tbe martel stt out tbe stAttllltt$ btlow. pl8iIMod Md my QX•nLIu8lbfyu ify stlsty niyeirtb•i ibe ObJe¢llvvs of tb Subjprt to IlwltxtloD5 pJ tknpsfpPQfIUj WOTka5 delxllpd xbove.Ihxve CDDLpleted Tbf XCCDliDt5 of thLS fhxiitablp (0pan). Are Dot requlred to be audlted undtr Pai 16 oftbe Con)pxllle5 Act 2000.. fjs a report Jll ispeCt of (lTIe llnder 145 of the Act Jll A1'dAnce Dlitlls Rfven bTr tbt ChAtIts' uDder 8tIon 145 (5) (b) rtbe Act be PpIAble'. lld tb&t Do wAteilAI bAs'e to w xtttlltjon wjth tbt reofji.d5were kept re5Peft oftbtfhatfjts. x5 reqUd bi.SectfjoD 386 of tbe Cowp4Dies Act 2W6 SecttoD 130 Tbt Cbi'ltte5 Art 2011. Tbt JJllAllclAI The (lan1 Statet5 dfj ro]Dpt) wltb the appllrable ITqulremeDt5 tkne forw ADd set 5ectfjoD 396 orthe CopAse5 Act2006 the1. ADV. re4]1]ent thxt the account5 %fvt a 'true faliA Tr4e7Y, whlcb Ls not x Iter t1de1.ed A5 pAi fjn41epelldtllt VIAI't Dot beeD pi'epiYd Accoi'dADce Ibe Ithd% ADd plrIpl•S s•1 lll tb¢ FRS 102 SORP (siièEthètsi tsfR+¢•JllDL+thdwl Pi¢ii¢e r•i'AcctsuIg iDdRoytsillDg b> DFSMNY APO$TOLIC CHURCH IN7ERNA0AL LIMITE chAiS) 2015, (As eDded bl Ibe Bllets Jssued Jll October 2019 Appll(blt t •ll Perld5 begJDDSDg oi. Aftei. 151J•nuAiy 2019>, (Tbe SORP). I b%.+ (0¢tiM1$ I¢lS O¢]Lf DLAitrs ¢•e¢ll0 wllb Ibt to whtfb RtlpDllfj Should be di-a7Yu Ib15 repTri to pu*ble x plper ulldei'stxDdfjll8 oftbe 5txtewellt5 to be I'earbed. EmmxDupl Vlll-Kxbb. FCCA EMMATEL Vll¥.KABB- VINK&A and A$SOCIAIES LTD LIIIIT 133 V8-%Slb Eldoi. E141vi' Czxte. Miifrfjn K¢vnes Buck5 91LR Tbfjs report WA5 SIed lSJulle 2021.
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30th September 2020
STATEMENT OF FINANCIAL ACTIVITIES -SOFA
----- Start of picture text -----
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED
Annual accounts for the period 30 September 2020 CC17a
01/10/2019 To 30/09/2020
Statement of financial activities
Recommended Categories by Restricted income Total last
activity Unrestricted funds funds Total this year year
£ £ £ £
Incoming Resources 2 2020 2019
- -
Incoming resources from generatedn funds
-
Voluntary Income 215,454 215,454 270,530
-
Total incoming resources 215,454 215,454 270,530
Resources expended ( Notes 3, 4 & 5)
Charitable Activities 168,527 - 168,527 117,972
Governance Costs 61,092 - 61,092 97,691
-
Other resources expended 6,367 6,367 6,390
-
Total resources expended 235,986 235,986 222,053
Net incoming/(outgoing)
resources before transfers - 20,532 - - 20,532 48,477
Gross transfers between - - - -
Net incoming/(outgoing)
resources before other
recognised
gains/(losses) - 20,532 - - 20,532 48,477
Other recognised
Gains and losses on - - - -
Gains and losses on - - - -
Net movement in funds - 20,532 - - 20,532 48,477
-
Total funds brought 737,754 737,754 689,277
Total funds carried forward 717,222 - 717,222 737,754
----- End of picture text -----
9
Balance sheet as at 30 September 2020
| Restricted | ||||||
|---|---|---|---|---|---|---|
| income | ||||||
| Unrestricted funds | funds | 2020 | 2019 | |||
| £ | £ | £ | £ | |||
| Fixed assets | F01 | F02 | F04 | F05 | ||
| Tangible assets (Note 7) |
981,086 | - | 981,086 | 984,120 | ||
| - | - | - | - | |||
| - | - | - | - | |||
| Total fixed assets | 981,086 | - | 981,086 | 984,120 |
| Fixed assets Tangible assets (Note 7) Total fixed assets |
Unrestricted funds Restricted income funds £ £ F01 F02 981,086 - - - - - |
Unrestricted funds Restricted income funds £ £ F01 F02 981,086 - - - - - |
2020 2019 £ £ F04 F05 981,086 984,120 - - - - |
|---|---|---|---|
| 981,086 - | 981,086 984,120 |
||
| Current assets Cash at bank and in hand Total current assets Creditors: amounts falling due within one year (Note 8) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 8) Net assets Funds of the Charity Unrestricted funds Restricted income funds Total funds Signed by one or two trustees on behalf of all the trustees |
- - - 155,529 |
- - - - |
- - - - - - 155,529 198,340 |
| 155,529 | - | 155,529 198,340 |
|
| - | |||
155,529 |
- | 155,529 198,340 |
|
1,136,615 |
- | 1,136,615 1,182,460 |
|
| - 419,392 - |
- - |
- 419,392 444,706 - - - |
|
| 717,223 | - | 717,223 737,754 |
|
| 717,223 - |
- |
717,223 737,754 - - - - - - |
|
| 717,223 | - | 717,223 737,754 |
|
| Justice Kofi-Annan | Date of approval 20/06/2021 |
10
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED NOTES ON FINANCIAL STATEMETS for the year 30 September 2020
1 Accounting Policies: The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, , notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Financial statements are prepared on an accrual basis. Donations and legacies are accrued for as received and accrued only when a value can be established before payment is received.
GOING CONCERN
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 30th September 2020
the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern the going concern basis of preparing financial statements.
Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a as a going concern.
TAXATION: The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
| 2 Donations Tihes and Offerin 3 Governing Costs: 4 Charity Activities: 5 Administrative Expenses: 6 Staff Costs 6.1 Gross wages and salaries 6.2 Total staff costs |
gs Wages and salaries Bank Charges Travel and subsistence Interest Mortgage Repayment Rent Light and Heat Stationery and printing Key Personnel Insurance Security Building Insurance Insurance General expenses PAYE Water Supply and rates Sky Tv Subs. Waste Management TV & Radio broadcast Honourarium Menfellowship Telephone and Broadband Depreciation Repairs and maintenance Musical expenses Administrative expenses Branch Expenses Admin Charges Card Machine Charges Women Fellowship Charitable Donations welfare Examiner.s Fees Professional fees This year Last year £ £ 29,075 28,861 - - - - 29,075 28,861 |
Unrestricted Restricted Funds Funds 215,454.00 £ 215,454.00 £ 29,075.00 £ - £ 326.00 £ - £ 25,000.00 £ - £ 16,975.00 £ - £ 2,620.00 £ - £ 4,081.00 £ - £ 38.00 £ - £ 600.00 £ - £ 2,303.00 £ 12,324.00 £ - £ 650.00 £ - £ - £ 3,200.00 £ 500.00 £ 816.00 £ - £ 245.00 £ 8,200.00 £ 1,145.00 £ 1,240.00 £ - £ 3,484.00 £ 649.00 £ - £ 230.00 £ - £ 10,377.00 £ - £ 2,640.00 £ - £ 92,018.00 £ - £ 862.00 £ - £ 1,100.00 £ - £ 4,605.00 £ - £ - £ 4,000.00 £ - £ 229,303.00 £ 1,250.00 £ 5,117.00 £ 7,368.00 £ |
2020 215,454.00 £ 29,075.00 £ 326.00 £ 25,000.00 £ 16,975.00 £ 2,620.00 £ 4,081.00 £ 38.00 £ 600.00 £ 2,303.00 £ 12,324.00 £ 650.00 £ - £ 3,200.00 £ 500.00 £ 816.00 £ 245.00 £ 8,200.00 £ 1,145.00 £ 1,240.00 £ 3,484.00 £ 649.00 £ 230.00 £ 10,377.00 £ 2,640.00 £ 92,018.00 £ 862.00 £ 1,100.00 £ 4,605.00 £ 4,000.00 £ 229,303.00 £ 1,250.00 £ 5,117.00 £ 7,368.00 £ |
2019 270,530.00 £ 270,530.00 £ 28,861.00 £ 721.00 £ 65,683.00 £ 26,613.00 £ 2,316.00 £ 442.00 £ 540.00 £ 600.00 £ 1,700.00 £ 1,192.00 £ 550.00 £ 6,141.00 £ 10,311.00 £ 972.00 £ 561.00 £ 752.00 £ 600.00 £ 1,120.00 £ 1,392.00 £ 3,372.00 £ 8,470.00 £ 6,390.00 £ 11,390.00 £ 7,370.00 £ 713.00 £ 1,750.00 £ 9,752.00 £ 1,435.00 £ 201,709.00 £ 1,250.00 £ 5140.00 6,390.00 £ |
|---|---|---|---|---|
11
| Average number of full-time equivalent employees in the year The parts of the charity in which the employees work 7 Tangible fixed assets 7.1 Cost or Valuation Balance brought forward Additions Revaluations Disposals Transfers Balance carried forward 7.2 Accumulated depreciation and impairment provisions Basis* Rate Balance brought forward Depreciation charge for year Balance carried forward 7.3 Net book value Brought forward Carried forward 8 Creditors and Accruals 8.1 Accrual Amounts due Other creditors Tota 9 Related parties transactions |
Charitable Activities Total Fixtures, fittings and equipment £ 14,407 450 - - - |
This year Last year Number Number - - 1 1 - - - - 1 1 Land & Building Plant & Machinery £ 970,637 4,185 - - - 1,867 580 1,738 |
|
|---|---|---|---|
| 14,857 | |||
| SL or RB 20% 3,242 2,904 |
|||
| 6,146 | |||
| 11,166 8,712 |
970,637 2,318 970,637 1,738 |
||
| Amounts falling due within one year This year £ 419,392 - - |
Amounts falling due after more than one year Last year This year Last year £ £ £ 444,706 419,392 444,706 - - - - - - |
||
| l 419,392 |
444,706 419,392 444,706 |
||
| NONE |
12
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED Profit and Loss Account for the year ended 30 September 2020
| Turnover Administrative expenses Other operating income Operating (loss)/profit (Loss)/profit before taxation Tax on (loss)/profit (Loss)/profit for the financial year |
2020 £ 211,818 (235,986) 3,636 (20,532) (20,532) - (20,532) |
2019 £ 180,700 (222,053) 89,830 48,477 48,477 - 48,477 |
|---|---|---|
13
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED Registered number: 05278235 Balance Sheet as at 30 September 2020
| Notes Fixed assets Tangible assets 3 Current assets NATWEST 1 NATWEST 2 NATWEST 3 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 4 Net assets Capital and reserves Profit and loss account Shareholders' funds |
103,081 47,582 4,866 155,529 |
2020 £ 981,086 155,529 1,136,615 (419,392) 717,223 717,223 717,223 |
146,332 47,112 4,896 198,340 |
2019 £ 984,120 198,340 1,182,460 (444,706) 737,754 737,754 737,754 |
|---|---|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Apostle Justice Kofi-Annan Director Approved by the board on 25 June 2021
14
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED Statement of Changes in Equity for the year ended 30 September 2020
| At 1 October 2018 Profit for the financial year At 30 September 2019 At 1 October 2019 Loss for the financial year At 30 September 2020 |
Share capital £ - - - - |
Share premium £ - - - - |
Re- valuation reserve £ - - - - |
Profit and loss account £ 689,277 48,477 737,754 737,755 (20,532) 717,223 |
Total £ 689,277 48,477 737,754 737,754 (20,532) 717,223 |
|---|---|---|---|---|---|
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DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED Notes to the Accounts for the year ended 30 September 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Freehold buildings | over 50 years |
|---|---|
| Leasehold land and buildings | over the lease term |
| Plant and machinery | over 5 years |
| Fixtures, fittings, tools and equipment | over 5 years |
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| 2 Employees Average number of persons employed by the company 3 Tangible fixed assets Land and buildings Plant and machinery etc |
2020 Number 1 Equipment, Fixtures & Fittings |
2019 Number 1 |
|---|---|---|
| Total |
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DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED Notes to the Accounts
for the year ended 30 September 2020
4
| £ Cost At 1 October 2019 970,637 Additions - At 30 September 2020 970,637 Depreciation At 1 October 2019 - Charge for the year - At 30 September 2020 - Net book value At 30 September 2020 970,637 At 30 September 2019 970,637 Creditors: amounts falling due after one year Bank loans |
£ 4,185 - 4,185 1,867 580 2,447 1,738 2,318 |
£ 14,407 450 14,857 3,242 2,904 6,146 8,711 11,165 2020 £ 419,392 |
£ 989,229 450 989,679 5,109 3,484 8,593 981,086 984,120 2019 £ 444,706 |
|---|---|---|---|
5 Other information
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
333
Romford Road London E7 8AA
17
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED Detailed profit and loss account for the year ended 30 September 2020
This schedule does not form part of the statutory accounts
| Sales Administrative expenses Other operating income Operating (loss)/profit (Loss)/profit before tax |
2020 £ 211,818 (235,986) 3,636 (20,532) (20,532) |
2019 £ 180,700 (222,053) 89,830 48,477 48,477 |
|---|---|---|
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DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED
Detailed profit and loss account for the year ended 30 September 2020
This schedule does not form part of the statutory accounts
| Sales Debit card receipts HMRC Gift Aid Men & Women fellowship Ofering & Tithes Standing orders HMRC FURLOUGH Administrative expenses Employee costs: Wages and salaries Travel and subsistence Motor expenses Premises costs: Rent Light and heat Cleaning General administrative expenses: Administrative Expenses Branches Expenses Admin Charges Building Ins. Card machine charges Women Fellowship Stationery and printing Charitable Donations Interest Mortgage Repayment Sky TV subscription Telephone & broadband Bank charges Insurance Key personel Insurance Water Supply & Rates General Expenses Honourarium Men fellowship Musical Expenses TV& Radio broadcast Waste Management Welfare Repairs and maintenance Depreciation PAYE Security |
2020 £ 20,440 67,794 10,800 57,314 42,808 12,662 211,818 29,075 25,000 - 54,075 2,620 4,081 316 7,017 10,377 2,640 92,018 12,324 862 1,100 38 4,605 16,975 816 1,240 326 650 600 500 - - 1,145 230 8,200 245 4,000 649 3,484 3,200 2,303 168,527 |
2019 £ 52,796 51,409 15,800 40,690 20,005 - 180,700 28,861 65,683 389 94,933 - 2,316 442 2,758 11,390 7,370 - 1,192 713 1,750 540 9,752 26,613 561 1,392 721 550 600 972 6,141 600 1,120 6,390 13,565 752 1,435 8,470 3,372 10,311 1,700 117,972 |
|---|---|---|
Legal and professional costs:
19
DESTINY APOSTOLIC CHURCH INTERNATIONAL LIMITED Detailed profit and loss account for the year ended 30 September 2020
This schedule does not form part of the statutory accounts
| Independent Examiner Fees Hmrc Gift Aid Commissioon Other operating income Other operating income |
2020 £ 1,250 5,117 6,367 235,986 3,636 |
2019 £ 1,250 5,140 6,390 222,053 89,830 |
|---|---|---|
20