DESTA Project (a company limited by guarnntee) Accounts for the year ended 31 October 2025 Registralioll number: N1070892 Charlty refcr¢n¢¢: XT12123
Contents P#gt Direetors and advi5¢r5 DireaoT'S rcwrl Income and F.xpeNJiiure Accounl Halance shee¢ No*s to the acrounis N1070892 Page 218
Directors and advisers Director5 Andrw Cunnin8hom {Chairnianl Gorth Gillc5pie Secretary tiarth Gillcspie Re8ist¢r¢d office I Cowreeny Road Ilillstorou8h Co. Don BT26 6EH Ch*rlty reference XT12123 Bgnkers The COratIve H8nk p.l.c. I IlJllix)n 5trttl ManLhtstcr M6U 41.:P N1070892
Directors, report The directors present their rerx)rt aTKI the accounts for the year ended i l Ociober 2025. Prineipil activilies *nd busine58 review Th¢ ComrAny is ¢siablished for th¢ r¢lief of EK)v¢rty. the advancement ofeducation to promote the preservation of health in Degan. 8nd environs of ihe Chcl¢ka Vallcy, Ethiopi The year to th¢ ¢nd of 31 Octokr 2025 h&s tten one of limid activity. Company limiied by gvarnntee Each dir¢cior underthkes to contribute lo the awts of the Company. in the evenl of the same being wound up while he is a m¢mber. or wi¢hin one year aft¢r he ceases to be a ITJember, for paym¢ni of debt5 and liabilities of the company contrathed befo he ceases to k a memtrr. and of the cost5, ¢harg¢s and exFens¢s of winding up. and for ihe adjustment of the rights of the contributors among themselve5. Such amount as may bc rcquired noi exC¢Ing £ 1.00. Dlvldends and tr•n$f¢rs to reserves The directors do noi recommend paymeni of a dividend. The surplus for the financial year will b¢ transferred to reserves. Dlre¢torg Th¢ dir¥ctors of the company durin8 the year are shown on po8e 3. Dlreetor5' responsibllltles The direaors are required by cornpony law io prere accounis for each financial year that give a true and fair Yiew of ihe state of aairS of the comFqny as at the end of the financial year and of the surplus or defiLil of th¢ company for that rIod. The directors confim that suitable accounting poli¢ies hav¢ been used, and these hav¢ been applied consisienily. and reasonable and prudent jud¥emenis and estimat¢5 have been made in the preparation of the account5 for the year ended 31 (ktober 2025. The direclor5 a150 confimi tha¢ applicable accounting standards have Ften followed and that the accounts have been prepared on the going concern basis. The dire¢iors are reswnsiblc for keepin8 proper a¢¢ountin8 records. for 5afe8varding the asseis of the company and h¢nee for taking 3$onable sleps for the prevention and deteciion of fraud and other irregularilies. N1070892 Page 418
Smsll companies, regime exempl10$ The directors, report has IKen prepared in e0rdance with the provisions applicable io companies subject to th¢ small comp9nies' regime. By the order of the boxrd GArth Glllesple 17 M*rch 2026 N1070892 Page 518
Income and Expenditure Account 2025 Incornt Donatiorts Expendiliire F.xnes Mr Andrew CuThThin8ham. DiTcaor. Travel Expense5 for Ethiopia trip ExceJ$ of Ineoth¢ over txp¢ndlture -I'aLl()n Surplyslldenclt) for period 11.4S9) All amounts above relate to coniinuin8 OFtration$ of th¢ ¢ompany. The company has no re¢ognised gains and losses other than ihe surplus (deficit) above and therefo no s¢parnie 9tsternenl of total recognised gains and lossts has been pyesenied. -rhere is no diffe nce trtiw¢en ihe SUTplus on ordinary activities before lax8tion and the surplus for the year stated above, and their histori1 cosi ¢quival¢nts. N1070892 Pa8e 618
Balance sheet as at 31 October 2025 Notes Flxed assets 1'gngiblc a55ets Current 9ssets DLbii?T Ciish at bank 11.993 11,993 Cr1110.. amounts fallin¥ duc within one year Net cyrreni %sstts 11.993 Tot•1 *sset$ less eurrent li#bllldes 11,993 C•pltAI aDd rtserv¢s ShJre Lapiul R¢ser¥¢s 11,993 11,993 These 8c¢ounls have bttn preFAred under Part 15 of th¢ Comwiies Aa 2(MJ6. For the year ended 31 October 2025, the company was entitled lo exemption under section 480 of the Companies Act 2006 relating io domianl ¢ompani¢s. b. The m¢Mr5 have not required the ¢ompany io obtain an audit in accordance wilh section 476 of Ihe Companies Act 2006. c. The directors a¢knowled8e their resFM)nsibilities for complying With requirements of the Act with re5rKct io accounting records and the preparation of accounts. d. These accounts have been prepared in accordanee with th¢ pmvision$ #pplicable to companies subject io th¢ small ¢ompanies regime. Approved by the ard of directors at the company's Annual Genernl Meeting on 17 March 2026 and signed on its behalf by: drew Cunningham 17 M8r¢h 2026 Thc notes on page 8 fomi part of these accounts. P41070892 Page 718
Notes to the accounts Prio¢lp918ecounting policies The ac¢i)unis hav¢ been pr¢pared in accordance with applicable 8¢counting siandards. A suininary of the more imwrtant FK)licie5, which have IKen applied consistently, 15 set out 10. The accounts have been prepared under Part 15 of ihe Companies Act 2(XK. A¢¢ounling eonvehilon These financial statements have been prepared under the historical cosi basis of accounting in aCCordae with applicable accounting standards. Ineome represents donaiions 8nd income T¢c¢iYed by the company during ihe riOd. BunA Anleresi receivoble Bank inteTest is rtognised in the Income and Expenditure account on a rettipts b&sis. Dlreetors, r¢muntrn¢lon Th¢ dire¢iors' r¢muneration durin8 the Ftricmj was £nil. Employee informatlon The company has no employees T8x#tlon AS a re5uli of ihc ¢ompany'5 charitabl¢ staius. no charge to corporation tax arises. Share ¢apital The company is limited by a guarantee from each m¢mber of Ihe trM)ard of dire¢tors And it does not have issued share capital. Each direaor underrakes to coniribut¢ to the a$5ets of the eomp8ny. in the ev¢nt of the same E¢in8 wound up while he is a member. or within on¢ year after he ¢easts to b¢ a memb¢r. for payinent of debis and liabilities of ihe company coniraaoj before he r¢a5¢S to be a member, and of the costs. ¢harges and expenses of windin8 up. and for the adjustmeni of the rights of the contributors among themselves such amouni as may required not ex¢¢eding £1.00. Reserves 2112$ Ai l '01ybEr 2024 Svrpliis 11)efi¢ll)lorar As 4131 Ouober2025 13.V2 11,993 Capltl commitments aDd contingent li•bilitie5 There w¢re no capital ¢ommitm¢rtts or tIgent lithilities as at 31 October 2025 N1070892 Page 818