Registered Charity number 1053445
EL- BETHEL CHURCH OF CHRIST ALADURA
Report and Accounts
31 March 2022
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
Trustees' Report
The Trustees present their report and the financial statements for the year ended 31 March 2022 The financial statements have been prepared in accordance with the accounting policies set out on page 9 and comply with the statement of Recommended Practice (SORP 2005) and applicable law.
OUR AIMS AND OBJECTIVES
The objectives of the Charity as set out in the Trust Deed are
a). Advancement of the Christian Faith in accordance with the statement of belief appearing in the schedule hereto in london and such other parts of the United kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the trust.
b). To relieve persons who are in conditions of need or hardship or who are aged and sick and to relieve the distress caused therbey in the said location and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
REVIEWING THE CHARITY'S STRATEGIES
At the end of each year, the charity carries out a review into its activities. This review considers how, and if the charity's aims, objectives and activities for the year have been realised. The review explores the results of the charity's activities in the preceding 12 month period and the the benefit they brought to our target set of people.
In carrying out this review, the charity has referred to the guidance provided by the Charity Commission's general guidelines on public benefits and how it impacts on the charity's aims and objectives, and also in charting the charity's future strategies and activities. Of particular interest to the Trustees, is how its planned activities will help in achieving the aims and objectives of the Charity.
THE FOCUS OF OUR MINISTRY'S ACTIVITIES
The main objectives for the year continued to be the advancement of the Christian religion and the relief of poverty and sickness. The strategies we used to achieve these objectives included:
1.) Radio 101.1FM Broadcasts
2.) Holloway and Brixton Prisons
3.) Immigration detention centres
4.) Hospitals
5.) Community Centres
MEMBERS OF THE BOARD OF TRUSTEES
The principal activities of the Charity are worship and the involvement of various ministries and ministers of religion, propagating Christian tenets to both members and non-members of the ministry at various meetings.
To achieve these objectives, the trustees appointed the Board of Ministers. The ministry is involved in Christian Outreach Programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ.
The trustees who served during the year were;
Rev. George Oladipo Rev (Mrs) Elizabeth Oladipo Apoistle Moshood Omishakin
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Rev. (Mrs) Aderonke Kasim Rev. Lanre Tijani Rev. (Mrs) Maria Tayo
The Charity's Trustees are appointed by the Board of Trustees.
TRUSTEES' RESPONSIBILITIES
Charity Law requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charity at the year end and of its incoming resources and resources expended for that year. In preparing those financial statements the trustees are required to;
●select suitable accounting policies and apply them consistently,
●make judgement and estimates that are reasonable and prudent,
●prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity will not continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the board of trustees on 10 December 2022
georgeoladipo
Rev George O Oladipo 10 December 2022
TRUSTEE
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EL- BETHEL CHURCH OF CHRIST ALADURA
Independent Examiner's Report
We report on the accounts for the year ended 31 March 2022,
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.
adelaniawe
ADELANI AWE Lemo Corporate (Chartered Certified Accountants)
Date 10 Decermber 2022 4
EL- BETHEL CHURCH OF CHRIST ALADURA Profit and Loss Account for the year ended 31 March 2022
| Notes Turnover Administrative expenses Operating profit 2 Interest receivable Profit on ordinary activities before taxation Profit for the financial year |
2022 2021 £ £ 38,592 28,605 (32,397) (26,693) 6,195 1,912 6,195 1,912 - 6 6,195 1,918 6,195 1,918 |
|---|---|
5
EL- BETHEL CHURCH OF CHRIST ALADURA
Statement of Financial Activities For the year ended 31 March 2022
| 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 31,778 - 6,026 37,804 6.2 1,387 6.3 31,010 32,397 5,407 5,407 36,554 41,961 |
Restricted £ 0 788 - 788 - - - 788 788 - 788 |
2022 Total Fund £ 31,778 788 6,026 - 38,592 1,387 31,010 32,397 6,195 6,195 36,554 42,749 |
2021 TOTAL Fund £ 20,517 3,705 4,383 6 |
|---|---|---|---|---|
| 6.1 6.2 6.3 |
||||
| 28,611 | ||||
| - 26,693 |
||||
| 26,693 | ||||
| 1,918 | ||||
| 1,918 34,636 |
||||
| 36,554 |
6
EL- BETHEL CHURCH OF CHRIST ALADURA Balance Sheet as at 31 March 2022
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixed assets | |||||
| Tangible assets | 3 | 15,490 | 17,166 | ||
| Current assets | |||||
| Debtors | - | ||||
| Cash at bank and in hand | 27,559 | 19,688 | |||
| 27,559 | 19,688 | ||||
| Creditors: amounts falling due within | |||||
| one year | 5 | (300) | (300) | ||
| Net current assets | 27,259 | 19,388 | |||
| Net assets | 42,749 | 36,554 | |||
| Unrestricted Funds | |||||
| Unrestricted Funds | 6 | 42,749 | 36,554 | ||
| Restricted and Unrestricted Funds c/fwd. | 42,749 | 36,554 |
georgeoladipo
Rev George O Oladipo
Approved by board of Trustees
Date - 10 December 2022
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EL- BETHEL CHURCH OF CHRIST ALADURA Notes to the Accounts for the year ended 31 March 2022
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 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 |
Furniture & fittings £ 12,922 - 12,922 4,158 924 5,082 7,840 8,764 |
£ £ 1,676 1,676 Musical equipment Total £ £ 12,162 25,084 - - 12,162 25,084 3,760 7,918 752 1,676 4,512 9,594 7,650 15,490 8,402 17,166 |
|---|---|---|
- 3 Tangible fixed assets
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EL- BETHEL CHURCH OF CHRIST ALADURA Notes to the Accounts for the year ended 31 March 2022
| 4 Creditors: amounts falling due within one year Other creditors 5 Restricted Funds UnrestrictedRestricted At 1 April 2021 36,554 - Net Incoming Fund 6,195 - At 31 March 2022 42,749 - |
£ £ 300 300 2022 2021 £ £ 36,554 34,636 6,195 1,918 42,749 36,554 |
|---|---|
9
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: Pastoral allowances Donations & Gifts Choir & Youth Musician Expenses 6.3 Management and Administration of Charity: Travelling and subsistence Rent Light & heat Bank charges Rates Telephone Missionary Accountancy fees Audit fees Mortgage fees Depreciation charge |
Unrestricted £ 31,778 6,026 37,804 - 967 - 420 1,387 0 27,171 196 0 1,512 - 155 300 - - 1,676 31,010 |
Restricted £ 788 - 788 - - - |
2022 2021 Total Total Fund Fund £ £ 31,778 20,517 788 3,705 6,026 4,383 - 6 38,592 28,611 0 0 967 0 0 0 420 0 1,387 - 0 0 27,171 23,000 196 215 0 0 1,512 1,502 0 0 155 0 300 300 0 0 0 1,676 1,676 31,010 26,693 |
|---|---|---|---|
10
EL- BETHEL CHURCH OF CHRIST ALADURA
Profit and Loss Account for the year ended 31 March 2022
for the information of the directors only
| Sales Administrative expenses Operating profit Interest receivable Profit before tax |
2022 2021 £ £ 38,592 28,605 (32,397) (26,693) 6,195 1,912 - 6 6,195 1,918 |
|---|---|
11
EL- BETHEL CHURCH OF CHRIST ALADURA Schedule to the Profit and Loss Account for the year ended 31 March 2022
for the information of the directors only
| Sales Tithes, offerings & thanksgiving Administrative expenses Employee costs: Honorarium Members' training and welfare Travel and subsistence Motor expenses Premises costs: Rent Rates Light and heat General administrative expenses: Stationery and printing Musician Expenses Repairs and maintenance Depreciation Legal and professional costs: Accountancy fees |
2022 2021 £ £ 38,592 28,605 38,592 28,605 - - - - - - - - - - 27,171 23,000 1,512 1,502 196 215 28,879 24,717 - - 420 - - - 1,676 1,676 3,218 1,676 300 300 300 300 32,397 26,693 |
|---|---|
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