Church polity - Apostles and prophets

IS THE CHURCH LED BY APOSTLES AND PROPHETS
OR BY ELDERS AND DEACONS?
In the late 1940’s some admirers of the controversial William Branham in Western Canada (not Branham himself) started what would become known as the Latter Rain Movement.
They thought that this “new wave” of the Spirit was the “latter rain” referred to in Joel 2:23, “Be glad then, you children of Zion, and rejoice in the LORD your God: for he has given you the former rain faithfully, and he will cause to come down for you the rain, the former rain, and the latter rain in the first month.” (KJV)
They interpreted the “latter rain” as an end-times outpouring of the Holy Spirit which would be greater than the “former rain” (the Day of Pentecost). Not even the original apostles, they believed, had witnessed such a movement of the Holy Spirit.
However, they believed that God was restoring the ministries of apostle and prophet in the present day.