DESTA Project (a coinpany l iinit¢d by gliarantce) Accounts for the year ended 31 October 2024 Registration number: N1070892 Charity reference: XT12123
Contents Page Dircctors and advisci's DirLcior's fLP()rt InLuimL and F xpendilure AeLuunl 14&lani¢ sheel N()ILS lo ihc accounts N1070892 Page 218
Directors and advisers Directors Andreiv Cunnin8ham (ChaiiThanl (iai'ih GillLspie Seeretary Gaiih Gillcspic Registered offjce I C'.i)I'Lfu'Lny Iload Hill4bi)I'(iugh C(). fJ(Iwn t3T'2() ()1=.14 Charity reference X'l'12123 Ilankers Tl)e C.o-()pLriitivc tlaiik p.l.¢. M61141.:1' N1070892 Page 318
Directors, report The directors present their report and tlie accounts for the year ended J l October 2024. Principal activities and business review The Coinpany is established for the relief of poverty. the advancement of education and to promole the preservation of health in Degan. and its environs of the Cheleka Valley. Ethiopia. The year to the end of ) l October 2024 has been one of limited activity. Company limited by guarantee Each director undertakes to contribute to the a55et5 of tlie coillpany, in the event of the saine bcing wound up while he is a meinber, oi. within one year aftei, he ceases to be a meimber, tor payinenl or dcbts and liabilities of the coinpany conti'acted before lie ceases to be a Incinber, and of the costs. chai'gyes and expenses of windingy LIP, and foi. Ihe adj ustinent of the l'ights of tlie LoiitribLltoi's aiiioiig Iheillselves. such ainount as Inay be reqiiired not exceeding £ 1.00. Dividends and tj'ansfers to reserves Thc dircctors do not recominend payment of a dividend. The surplus for ihe fiiiaiicial year will be Iraiisferred to reserves. Dlreetors The dii'¢cloi's of the coinpaiiy dui'ing the year are shown on pagc 3. Directors, responsibilities Tlic dii'ectors are reqLiired by coimpany law to PlLpai'e accounts for each financial yeai. Ilial ve (i Ii'ue aiid fail. vi¢w of ilie stale of affairs of tlic coiiipaiiy as at tli¢ end of the financial year and of tlie suiylus or deficit of the coinpany for Ilidt pei'iod. The directors confii'in that suitable accountinky policies have been used, and these have been applied consi51enily, and r¢asonable aiid pi'udeiit j udg7eiments aiid cstiinates liav¢ been Inade iii the pi'eparatioii of the accoLlllts tor the year ended JI Octobei. 2024. The director8 also confirm thal applicable accolinting standards have been followed and that the accounts have been prepared on the bv()in&F conLern basis. The direclors are responsible for keeping proper accouiiling records, tor 5afe¥iiai'ding the a.8set8 of the company and hence for taking reasonable steps for the prevention and detection of fraiid and other irregularities. N1070892 Page 418
Small companies, regime exemptions The directors, report has been pi-epared in accordance with the provision5 applicable to companies Subject to ihe small companies, regiine. Garth Gillesple July 202$ N1070892 Page 518
Income and Expenditure Account Notes 2024 lJ)come Donations Expenditure L.XPLnscs Exces$ of Income over expendlture '[ aN411iun Surplusl(deficit) for perlo Al l ainounts above rclatc to continuing oper¢ltions of the coinpany. The coinpany has no r¢cognised &yains and losses other tlian the surplus (deticit) above and theretore no separate stiltcincnt of toial r¢Lo&ynib¢d gains aiid losses has been preseiiled. I'hLfL is no di ffcrence betweeii the siirplus on ordinary activities before taxation and the siirpliis for the ycar stated above, <ind their hislorical c051 eqii iV¢)lenls. N1O70892 Pagc 618
Balanee sheet as at 31 October 2024 Notes 2024 Fixed ll55ets .1 angiblL assets Current Assets Dcblors C¥ish al hunk CrLdilors: <im(iunls lulling duL iviihin i)n¥ yeai. N¢t current assets Total M$4e¢s less eurrenl Ilxblllties Capital an(1 reserves Shal'e Lapilal Ilc%civ¢s These accoisnls have been prepared Liiider Part 15 of th¢ Coinpanies Act 2006. For thc year ended 31 October 2024, the comp<iny was entitled to exemption linder sectioii 480 Ot" Ihe Coinpanies ALI 2006 1.clatii)g lo doi'inaiil coiiipai)ies. b. The Inembers have not reqLiired the coinpany to obtiiin an aiidil in accordance with section 476 of Ihe Coiiipaiiies Act 2006. c. The directors acknowledg?e ihLir respniisibililie8 foi. coinplying with the requireinents of ihe Act with I'espect to accoiintinbi records clnd thc prLpai'alinn ot- accounts. d. Tliese accouiits l)avc bccn prcpai'ed in accordanc¢ with the provisions applicab5e to coinpanies subject to tlie sinall coinpaiiies rcgime, Apprnvcd by the board ol. directors al the coinpany's Aiiiiual Geiiei'al M¢¢ting oil l July 2025 aiid sigiied on its belialt- by; Andrew Cunningham l July 202S -I'hL nolcs ()n pasc 8 loi'n) Pdl'l ol-lhese accounts. N1070892 Page 718
Notes to the accounts Princip21 aceounting policies The accounts have been preparcd in accordance with applicable accounting standards. A Sliiiiinary of the more iinporlani policies, which have been applied con51Stently, is set out below. The accounts have been prepared under Pdrt 15 of'the Companies Act 2006. Accounling convenlion These financial stateinents have been prepared under the historical cost basis of accoui)ting in alcoi'ddiice with applicablc accoLinting standards. Inc(Ime Iiiconic represents donations and income received by the company during the pcriod. Blink Inlere.Il rL)ceiviible Bank int¢i'¢sl is itcogiiiscd in tlie Iiicoinc and Expenditiire aeeount on a IEceipts basis. Directors, remuneration The directors, remuneration during the period was £nil. I mployee information 'rhc company has no eimployees Taxation As a resull of the coinpany's charitable statLlS, no chargie to corporation tax arises. Share cApitMI ThL coinpany 15 limilL'd by a guarant¢¢ Iroin eacli Imeinber of tlie boaiKI of direclors and it does not havc issued share capital. Each dii'ector Lindertakes to contribLlte to Ihc assets of the coinpany, in the event of Ilie S<iin¢ b¥ing woiind up while he is a Ineinbei., oi. witliin one year after he ceases to be a Ineinber, tor payinenl of d¢bis aiid liabilities of ilie Lolmpaiiy conti'acted befoi'e he ceases lo be a iiicinbei., and of Ili¢ costs, harbies and Lxpcns¢s of windii)g up, and foi. Ilie adj ustinent of the ri&rhis of Ihe colltribiitor8 dmonb tlieiiis¢lv¢s such ainount as Inay be requircd not exceeding £ l .00. Rosorve 2024 ,,Ii J Noiyenibei. 2(123 ,Siiii?lii.i' (l)LfiL'ii)./i)i'yL)ai' A.s' ft13J OclobL'r 2024 13,552 Capital com mitments and contingent liabilities There were no capital commitinents or contingent liabilities as at 31 October 2024 N1070892 Page 818