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; 1. 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 2. 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