DESTA Project (a company limited by guarantee) Accounts for the year ended 31 October 2023 Registration number: N1070892 Charity reference: XT12123
Contents Page Directors and advisers Director's report Income and Expenditure Account Balance sheet Notes to the accounts N1070892 Page 218
Directors and advRsers Directors Andrew Cunningham (Chainnan) Garth Gillespie Secretary Garth Gillespie Registered office I Cor¢r¢eny Road Hillsborough Co. Down BT26 6EH Charity reference XT12123 Bankers The Co-operative Bank p.l.c. l Balloon Street Manchester M60 4EP N1070892
Directors, report The directors present their report and the accounts for the year ended 31 October 2023. Principal activities and busAness revieiv The Company is established for the relief of poverty, the advancement of education and to promote the preservation of health in Degan, and its environs of the Cheleka Valley, Ethiopia. The year to the end of 31 October 2023 has been one of limited activity. Company limited by guarantee Each director undertakes to contribute to the assets of the company, in the event of the same being wound up while he is a member, or within one year after he c&2ses to bc a member, for payment of debts and liabilities of the company contracted Itfore he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required not exceeding £ 1.00. Dividends alld transfers to reserves The directors do not recommend payment of a dividend. The surplus for the financial year will be transferred to reserves. Directors The directors of the company during the year are shown on pag¢ 3. Directors, responsibilities The directors are required by Company law to prepare accounts for each financial year that give a true and fair view of the state of affairs of the company as at the end of the financial year and of the sury)lus or deficit of the company for that period. The directors confirni that suitable accounting policies have been used, and these have been applied consistently, and reasonable and prudent judgements and estimates have been made in the preparation of the accounts for the year ended 31 October 2023. The directors also confirni that applicable accounting standards have been followed and that the accounts have been prepared on the going concern basis. The directors are responsible for keeping proper accountlng r¢cord& for safeguarding the assets of the company and hence for taking reasonable steps for the Prevention and detection of fraud and other irregularities. N1070892 Page 418
Small eompanies, regime exemptions The directors, report has been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Garth Gillespie 18 June 2024 N1070892 Page 518
Income and Expenditure Account Notes 2023 Income Donations Expenditure Expenses Excess of income over expenditure Taxation Surplus/{defi¢it) for period All amounts above relate to continuing operations of the company. The company has no recogniseL gains and losses other than the surplus (deficit) above and therefore no separate statement of total reCOlSed gains and losses has been presented. There is no difference between the SUTplus on ordinary activities before taxation and the surplus for the year stated above, and their historical cost equivalents. N1070892
Balance sheet as at 31 (ktober 2023 Notes 2023 Fixed assets Tangible assets Current assets Debtors Cash at bank 13,552 13,552 Creditors: amounts falling due within one year Net current assets 13,552 Total assets less current liabilities 13,552 Capital and reserves Share capital Reserves 13,552 13,552 These accounts have been prepared under Part I S of the Companies Act 2006. For the year ended 31 October 2023, the company was entitled to exemption under section 480 of the Companies Act 2006 rclating to dorniant companies. b. The members have not required the company to obtain an audit in accordance with section 476 of the Cotnpanies Act 2006. c. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. d. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Approved by the board of directors at the company's Annual General Meeting on 18 June 2024 and signed on its behalf by: Andrew Cunningham 18 June 2024 The notes on page 8 forni part of these accounts. N1070892 Page 718
Notes to the accounts Principal accounting policies The accounts have been prepared in accordance with applicable accounting standards. A summary of the more important policies, which have been applied consistently, is set out below. The accounts have been prepared under Part 15 of the Companies Act 2(M)6. Accounting convenlion These financial ststements have been prepared under the hislorical cost basis of accounting in accordance with applicable account5ng standards. Income Income represents donations and income received by the company during the period. Bank in¢eresl receivable Bank interest is recognised in the Income and Expenditure account on a receipts basis. Directors. remuneration The directors, remuneration during the period was £nil. Employee inforn)atioD The company has no employees Taxation As a result of the company's charitsble status. no charge to corporation Lgx arises. Share capital The company is limited by a guarantee from each member of the board of directors and it does not have issued share capital. Each director undertakes to contribute to the assets of the company, in the event of the same being wound up while he is a member, or within one year after he ceases to be a member, for payment of debts and liabilities of the company contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves such amount as may Ix required not exceeding £1.00. Reserves 2023 At J November 2022 Surplus (Deficit)foryear As al 31 October 2023 13,552 13,552 Capitsl commitments 2nd contingent liabilities There were no capital commitments or contingent liabilities &$ at 31 October 2023 N1070892 Page $18