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 t￿SteeS 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.Iccoi￿J￿ce 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 Appoint￿1 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 A￿f ￿mI)erst Haniliatii Lane.WithillgtoJJ Gloutestershlre GL54 4DD john Dadzie. 33 F estoll G.11￿enS, 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 chari￿5 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 w￿der 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 sli￿leS 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 Sta￿ments 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]￿st￿￿5 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'b￿l￿t￿eS Act 2011 (tkne Act) tbe ReportfjD¥ st￿nd￿l'd 102,{tffeclJve 1st 2016) As rnodllled by Flis 102 SORP. (Sl&lÈniPniofRerfyni￿iO￿rtefj Pix¢rf¢o foi. ACco￿litI￿g￿naR￿￿&I￿lI1gbVr￿a1fj1jQl) ZOi4,1 or Rftfr 1st 2019). (Tbe SORPI. pubushed b). thp Cbarll). c￿j￿[￿ls51Oll ID E￿81R￿d & WAle5{C'CEW}alld llDdfrtbehistorlril c05t fOliTrflltloD aDd the ACCOUlitID% p0￿CeS Set￿llt pages below.. Rgspgdivg Tgsponsillilill￿ of thg TTustg95 thg Inflgpgndgnt and Ihe basi5 01 th8 Teport As desC1￿belI p￿ge 6, the COMPADV'S tiwsttts who AIY tbe Dli￿t0r5 the c￿l￿PA￿l. foi. tbt P￿l'P￿Se$ Ixw, Ai'r IYspoD$lblt foi. pi'ep*ixtJoD ofthe I]￿*￿rI*l ArrfyixiAik¢owllb thg c￿l11Pm￿le￿ Art 2Trn6. lh• ChAI'ltltr* Art 2011 Tbt TI￿st￿*S IO115ldei' that the I'eqlllreme￿t Dfseclloll 14411) olthe LhAritle5 Act 2011 {the Aft) dfje5 ￿￿ph.. thxt there 15 req￿￿y￿ellt ID the Ai*lrles ofibe chAi￿tt. for the cODd￿ctIng￿r A￿dIt. the ccouDts do I'equlre Audlt th AccoiyLADce Trltb PAI* 16 of tbt LOWp￿￿leS Act 4(21 oflbe rbxrlh. xct. [tAYl￿g %&rf$thè41 Ibgt tb* IJDAnrl*l $tAt•iD•nts Arè I'V4uliwd 14b b• *udlt•d eLI￿l￿e the nDaDTlxl stateme￿t5 fjf Ihe Thxi4h' ulldfl.sec1l0￿ 145 of the Acl. 2. follfjw the AppIl0￿blE procedure5 ID tbt Dlrectfjo•s by the CbArlty ComtllL8sloll UDder sectioll ortbe Act. Roptsii •fth* IJLdwèDdèDI ExxDLlllers io the Tru$i¢os e•ilo Qllndopondont Examlnor's S*atornMtand #¢opv of work und•rt•k¢n. SID', ￿>.]￿P￿1* l% t1￿￿*ed tbe martel￿ stt out tbe stAttlllt￿t$ btlow. pl8iIMod *Md my QX•nLIu8lbfyu ify s*tlsty niy*eirtb•i ibe ObJe¢llvvs of tb Subjprt to IlwltxtloD5 ￿p￿J￿ tknpsf￿pPQfIUj WOTka5 delxllpd xbove.Ihxve CDDLpleted Tbf XCCDliDt5 of thLS fhxiitablp (0￿pan). Are Dot requlred to be audlted undtr Pai* 16 oftbe Con)pxllle5 Act 2000.. fjs a report Jll i￿speCt of (￿lTIe￿ llnder 145 of the Act Jll A￿￿1'dAnce Dli￿t￿lls Rfven bTr tbt ChAtIts' uDder 8￿tIon 145 (5) (b) rtbe Act be ￿PpI￿Able'. lld tb&t Do wAteilAI bAs'e to w xtttlltjon wjth tbt reofji.d5were kept re5Peft oftbtfhatfjts. x5 reqU￿￿d bi.SectfjoD 386 of tbe Cowp4Dies Act 2W6 SecttoD 130 Tbt Cb*i'ltte5 Art 2011. Tbt JJllAllclAI The (l￿an￿￿￿1 State￿*￿t5 dfj ro]Dpt) wltb the appllrable ITqulremeDt5 tkne forw ADd set 5ectfjoD 396 orthe Co￿pA￿se5 Act2006 ￿the1. ADV. re4￿]1￿]￿ent thxt the account5 %fvt a 'true faliA Tr4e7Y, whlcb Ls not x I￿*ter t￿￿￿1de1.ed A5 pAi* fjn41epelldtllt VIAI't Dot beeD pi'ep*iYd Accoi'dADce Ibe I￿*th￿d% ADd pl￿￿rIpl•S s•1 lll tb¢ FRS 102 SORP (si*ièEthètsi tsfR+¢•JllDL+thdwl Pi*¢ii¢e r•i'Acctsu￿I*￿g iDdRoytsillDg b> DFSMNY APO$TOLIC CHURCH IN7ERNA￿0￿AL LIMITE chAi￿*￿S) 2015, (As ￿￿eDded bl Ibe B￿llets￿ Jssued Jll October 2019 Appll(*blt t •ll Perl￿d5 begJDDSDg oi. Aftei. 151J•nuAiy 2019>, (Tbe SORP). I b*%.+ (0￿¢tiM1$ I¢l￿*S O¢]L*f DLAit*rs ¢•￿￿e¢ll0￿ wllb Ibt to whtfb RtlpDllfj￿ Should be di-a7Yu Ib15 repTri* to pu*ble x pl￿per ulldei'stxDdfjll8 oftbe 5txtewellt5 to be I'earbed. EmmxDupl Vlll-Kxbb. FCCA EMMA￿￿TEL Vll¥.KABB- VINK&A and A$SOCIAIES LTD LIIIIT 133 V8-%Slb Eldoi. E141vi' Czxte. Miifrfjn K¢vnes Buck5 91LR Tbfjs report WA5 SI￿ed 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| |---|---|---|---|---|---| 15 **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**| 16 ## **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| |---|---|---| 18 ## **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