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 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| |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 1 **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 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 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 3 ## **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| |---|---|---| 4 ## **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 5 **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| 6 ## **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 7 ## **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| |---|---|---| 8 ## **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| |---|---|---| 9 ## **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| |---|---|---| 10