2023-09-30-accounts - Destiny Apostolic Church International

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Registered number 05278235

Destiny Apostolic Church International Limited

Report and Accounts

30 September 2023

Registered number 05278235

Destiny Apostolic Church International Limited

Filleted Accounts

30 September 2023

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
Notes to the accounts	5

Destiny Apostolic Church International Limited Company Information

Directors

Justice Kofi-Annan Richard Afreh John Dadzie

Accountants

VINKEA and ASSOCIATES lTD Unit 133 548-550 Elder House, Elder Gate Milton Keynes Buckinghamshire MK3 6JS

Bankers NATWEST BANK

Registered office

333 Romford Road London E7 8AA

Registered number

05278235

Destiny Apostolic Church International Limited Registered number: 05278235 Directors' Report

The directors present their report and accounts for the year ended 30 September 2023.

Principal activities

The company's principal activity during the year continued to be …religious activities

Directors

The following persons served as directors during the year:

Justice Kofi-Annan Richard 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 30 May 2024 and signed on its behalf.

Justice Kofi-Annan Director

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 2023

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 2023 which comprise of the Profit and Loss Account, the Balance Sheet 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

18 May 2024

Destiny Apostolic Church International Limited Profit and Loss Account for the year ended 30 September 2023

Turnover Administrative expenses Other operating income Operating profit Profit before taxation Tax on profit Profit for the financial year	2023 £ 193,369 (148,464) 3,951 48,856 48,856 - 48,856	2022 £ 195,281 (186,149) 21,460 30,592 30,592 - 30,592

Destiny Apostolic Church International Limited Registered number: 05278235 Balance Sheet as at 30 September 2023

Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 5 Net assets Capital and reserves Profit and loss account Trustees Funds	2023 £ 977,606 70,097 (1,500) 68,597 1,046,203 (352,698) 693,505 693,505 693,505	94,756 -	2022 £ 979,348 94,756 1,074,104 (429,455) 644,649 644,649 644,649

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.

Justice Kofi-Annan Director Approved by the board on 30 May 2024

Destiny Apostolic Church International Limited Notes to the Accounts for the year ended 30 September 2023

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).

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

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2	Employees	2023	2022
		Number	Number
	Average number of persons employed by the company	5	5
3	Tangible fixed assets

2 Employees Average number of persons employed by the company 3 Tangible fixed assets	2 Employees Average number of persons employed by the company 3 Tangible fixed assets	2 Employees Average number of persons employed by the company 3 Tangible fixed assets	2 Employees Average number of persons employed by the company 3 Tangible fixed assets	2023 Number 5	2022 Number 5
	Cost At 1 October 2022 At 30 September 2023 Depreciation At 1 October 2022 Charge for the year At 30 September 2023 Net book value At 30 September 2023 At 30 September 2022	Land and buildings £ 970,637 970,637 - - - 970,637 970,637	Plant and machinery etc £ 4,623 4,623 4,623 - 4,623 - -	Equipment, Fixtures £ 14,857 14,857 6,146 1,742 7,888 6,969 8,711	Total £ 990,117 990,117 10,769 1,742 12,511 977,606 979,348

Destiny Apostolic Church International Limited Notes to the Accounts

for the year ended 30 September 2023

4 Creditors: amounts falling due within one year Other creditors 5 Creditors: amounts falling due after one year Bank loans	2023 £ 1,500 2023 £ 389,377	2022 £ 2022 £ 407,396

6 Other information

Destiny Apostolic Church International Limited is a private company limited by gurantee O360and incorporated in England. Its registered office is: 333 Romford Road

London E7 8AA

Destiny Apostolic Church International Limited Detailed profit and loss account for the year ended 30 September 2023

This schedule does not form part of the statutory accounts

Sales Administrative expenses Other operating income Operating profit Profit before tax	2023 £ 193,369 (148,464) 3,951 48,856 48,856	2022 £ 195,281 (186,149) 21,460 30,592 30,592

Destiny Apostolic Church International Limited Detailed profit and loss account for the year ended 30 September 2023

This schedule does not form part of the statutory accounts

Sales Debit card receipts HMRC FURLOUGH HMRC Gift Aid Men & Women fellowship Ofering & Tithes Standing orders Administrative expenses Employee costs: Wages and salaries Employer's NI Travel and subsistence Premises costs: Rent Light and heat General administrative expenses: Administrative Expenses Branches Expenses Building Ins. Card machine charges Charitable Donations General Expenses Gift aid commission Honourarium Independent Examiner Fees Interest Mortgage Repayment Key personel Insurance Men fellowship Musical Expenses Security Sky TV subscription Telephone & broadband TV& Radio broadcast Waste Management Water Supply & Rates Welfare Women Fellowship Stationery and printing Bank charges Repairs and maintenance Depreciation	2023 £ 31,118 - 63,720 5,535 52,706 40,290 193,369 29,118 15,585 - 44,703 8,370 5,264 13,634 6,125 1,177 1,658 1,273 5,734 12,713 4,872 800 1,500 21,984 450 320 7,496 2,072 498 882 7,878 844 1,366 2,144 622 25 616 6,644 434 90,127 148,464	2022 £ 11,672 1,800 62,113 6,045 43,864 69,787 195,281 29,118 4,513 23,577 57,208 6,271 3,725 9,996 6,868 6,750 1,409 2,480 5,495 18,038 6,211 2,316 1,250 21,984 550 650 15,936 2,378 469 1,073 5,700 875 35 3,873 2,335 832 503 8,759 2,176 118,945 186,149

Destiny Apostolic Church International Limited Detailed profit and loss account for the year ended 30 September 2023

This schedule does not form part of the statutory accounts

Other operating income Other operating income	2023 £ 3,951	2022 £ 21,460