Registered Charity number 1053445
EL- BETHEL CHURCH OF CHRIST ALADURA
Report and Accounts
31 March 2021
EL- BETHEL CHURCH OF CHRIST ALADURA
Report and accounts Contents
| Page | |
|---|---|
| Legal and Administrative information | 1 |
| Trustees' report | 2 - 3 |
| Independent Examiner's report | 4 |
| Statement of Financial Activities | 5 |
| Balance sheet | 6 |
| Notes to the Financial Statements | 7 - 9 |
| (inclusive of detailed Income & Expenditure) |
EL- BETHEL CHURCH OF CHRIST ALADURA LEGAL AND ADMINISTRATIVE
Trustees;
Rev. George Oladipo Rev (Mrs) Elizabeth Oladipo Apoistle Moshood Omishakin Rev. (Mrs) Aderonke Kasim Rev. Lanre Tijani Rev. (Mrs) Maria Tayo
Register Charity Number ; 1053445
Bankers NATWEST
Accountants
Lemo Corporate (Chartered Certified Accountants) 815 Old Kent Road London SE15 1NX
Registered Address Unit 9 Nobel Road Eley Estate Edmonton-Angel London N18 3BH
1
EL- BETHEL CHURCH OF CHRIST ALADURA
Independent Examiner's Report
We report on the accounts for the year ended 31 March 2021,
which are set out on pages 5 to 10
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts.
The charity's trustees consider (under section144(2) of the Charities Act 2011
that an audit is not required and that an Independent examination is needed
It is my responsibility to;
●examine the accounts (under section145 of the 2011 Act)
●to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section (145)(5)b) of the 2011 Act)
To state whether particular matters have come to my attention.
Basis of Independent examiner's report
My examination was carried out in accordance with the General Directions given by the charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required
in an audit, and consequently no opinion is given as to whether the account s present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention;
- which gives me reasonable cause to believe that in any material respect the requirements
▪ to keep accounting records in accordance with section 130 of the 2011 Act and
▪ to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
AJIBOLA LEMO
Lemo Corporate (Chartered Certified Accountants) Date 09 November 2021 815 Old Kent Road London, SE15 1NX
2
EL- BETHEL CHURCH OF CHRIST ALADURA Profit and Loss Account for the year ended 31 March 2021
| Notes Turnover Administrative expenses Operating profit 2 Interest receivable Profit on ordinary activities before taxation Profit for the financial year |
2021 2020 £ £ 28,605 35,661 (26,693) (28,540) 1,912 7,121 1,912 7,121 6 26 1,918 7,147 1,918 7,147 |
|---|---|
3
EL- BETHEL CHURCH OF CHRIST ALADURA
Statement of Financial Activities For the year ended 31 March 2021
| Income Resources Tithes, offerings and thanksgiving Building Gift Aid Bank interest Total Income Resources Resources Expended Support costs of activities in furtherance of the charity's objects Management & Administration of Charity Total Income Expended Net incoming/(outgoing) resources Net Movements in Funds Fund balances b/fwd Funds balances c/fwd |
Unrestricted Notes £ 6.1 20,517 - 4,383 6 24,906 6.2 - 6.3 22,988 22,988 1,918 1,918 34,636 36,554 |
Restricted £ 0 3,705 - 3,705 - 3,705 3,705 - - - - |
2021 Total Fund £ 20,517 3,705 4,383 6 28,611 - 26,693 26,693 1,918 1,918 34,636 36,554 |
2020 TOTAL Fund £ 22,061 4,181 9,419 26 |
|---|---|---|---|---|
| 6.1 6.2 6.3 |
||||
| 35,687 | ||||
| 2,049 26,181 |
||||
| 28,230 | ||||
| 7,457 | ||||
| 7,457 27,489 |
||||
| 34,946 |
4
EL- BETHEL CHURCH OF CHRIST ALADURA Balance Sheet as at 31 March 2021
| Notes | 2021 | 2020 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixed assets | |||||
| Tangible assets | 3 | 17,166 | 14,342 | ||
| Current assets | |||||
| Debtors | - | ||||
| Cash at bank and in hand | 19,688 | 20,594 | |||
| 19,688 | 20,594 | ||||
| Creditors: amounts falling due within | |||||
| one year | 5 | (300) | (300) | ||
| Net current assets | 19,388 | 20,294 | |||
| Net assets | 36,554 | 34,636 | |||
| Unrestricted Funds | |||||
| Unrestricted Funds | 6 | 36,554 | 34,636 | ||
| Restricted and Unrestricted Funds c/fwd. | 36,554 | 34,636 |
George o Oladipo
Rev George O Oladipo
Approved by board of Trustees
Date - 9 November 2021
5
EL- BETHEL CHURCH OF CHRIST ALADURA Notes to the Accounts for the year ended 31 March 2021
1 Accounting policies
Basis of preparation
The Financial Statements have been prepared under the historic cost convention and in accordance with the Statement of Recomended Accounting Practice : Accounting and Reorting by Charities (SORP 2005), issued in March 2005, UK Accounting Standards and the Charities
Incoming Resources
Income is mainly from grants and bank interest received are included in the financial statements when received.
Resources Expended
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.
Taxation
As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in the cost of those items to which it relates.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% straight line Motor vehicles 25% straight line
- 2 Operating profit
| This is stated after charging: Depreciation of owned fixed assets Tangible fixed assets Cost At 1 April 2020 Additions At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 |
Furniture & fittings £ 12,922 - 12,922 3,234 924 4,158 8,764 9,688 |
£ £ 1,676 1,676 Musical equipment Total £ £ 7,662 20,584 4,500 4,500 12,162 25,084 3,008 6,242 752 1,676 3,760 7,918 8,402 17,166 4,654 14,342 |
|---|---|---|
- 3 Tangible fixed assets
6
EL- BETHEL CHURCH OF CHRIST ALADURA Notes to the Accounts for the year ended 31 March 2021
| 4 Creditors: amounts falling due within one year Other creditors 5 Restricted Funds UnrestrictedRestricted At 1 April 2020 34,636 - Net Incoming Fund 1,918 - At 31 March 2021 36,554 - |
£ £ 300 300 2021 2020 £ £ 34,636 27,489 1,918 7,147 36,554 34,636 |
|---|---|
7
EL- BETHEL CHURCH OF CHRIST ALADURA
Notes to the accounts (continued)
6 Income and Expenditure Account For the year ended 31 March 2020
| 6.1 INCOMING RESOURCES Thithes, offering and thanksgiving Buildin/Rent Fund Gift Aid Bank interest received Total Incoming Resources OUTGOING RESOURCES 6.2 Support costs of activities in furtherance of the Charity's objects: Donations & Gifts Musician Expenses Honararium Printing, postage & stationery Evangelical/outreach materials Members' welfare and training 6.3 Management and Administration of Charity: Travelling and subsistence Rent Light & heat Rates Accountancy fees Other legal & professional Repairs & maintenance Security Expenses Depreciation charge |
Unrestricted £ 20,517 4,383 6 24,906 - - - - - - - 0 19,295 215 1,502 300 - - - 1,676 22,988 |
Restricted £ 3,705 - 3,705 - 3,705 - 3,705 |
2021 Total Fund £ 20,517 3,705 4,383 6 |
|---|---|---|---|
| 28,611 | |||
| 0 0 0 0 0 0 |
|||
| - | |||
| 0 23,000 215 1,502 300 0 0 0 1,676 |
|||
| 26,693 |
8