Registered Charity number 1053445
## EL- BETHEL CHURCH OF CHRIST ALADURA
## Report and Accounts
31 March 2025
## **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 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
ST JAMES COMPOUND HALL 30 POWELL ROAD CLAPTON LONDON E5 8DJ
1
## **EL- BETHEL CHURCH OF CHRIST ALADURA**
## **Trustees' Report**
The Trustees present their report and the financial statements for the year ended 31 March 2025 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 Rev. (Mrs) Aderonke Kasim
2
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 18 November 2024
## _georgeoladipo_
Rev George O Oladipo 31 October 2025
TRUSTEE
3
## **EL- BETHEL CHURCH OF CHRIST ALADURA**
## **Independent Examiner's Report**
We report on the accounts for the year ended 31 March 2025,
## **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.
## ajibolalemo
AJIBOLA LEMO Lemo Corporate (Chartered Certified Accountants)
4
Date 31 10 2025
## **EL- BETHEL CHURCH OF CHRIST ALADURA**
## **Statement of Financial Activities For the year ended 31 March 2025**
|**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
48,654
-
4,275
273
53,202
6.2
1,088
6.3
24,052
**25,140**
**28,062**
**28,062**
**53,730**
**81,792**|Restricted
£
0
1,309
-
1,309
-
-
**-**
**1,309**
**1,309**
**-**
**1,309**|**2025**
**Total**
**Fund**
**£**
48,654
1,309
4,275
273
**54,511**
1,088
24,052
**25,140**
**29,371**
**29,371**
**53,730**
**83,101**|**2024**
**TOTAL**
**Fund**
**£**
38,316
851
3,077
309|
|---|---|---|---|---|
||6.1
6.2
6.3||||
|||||**42,553**|
|||||1,761
31,859|
|||||**33,620**|
|||||**8,933**|
|||||**8,933**
**44,797**|
|||||**53,730**|
5
## **EL- BETHEL CHURCH OF CHRIST ALADURA Balance Sheet as at 31 March 2025**
||**Notes**||**2025**||**2024**|
|---|---|---|---|---|---|
||||**£**||**£**|
|**Fixed assets**||||||
|Tangible assets|3||16,863||16,928|
|**Current assets**||||||
|Debtors||-||||
|Cash at bank and in hand||68,511||37,152||
|||68,511||37,152||
|**Creditors: amounts falling due within**||||||
|**one year**|5|(2,273)||(350)||
|**Net current assets**|||66,238||36,802|
|**Net assets**|||83,101||53,730|
|**Unrestricted Funds**||||||
|Unrestricted Funds|6||83,101||53,730|
|**Restricted and Unrestricted Funds c/fwd.**|||83,101||53,730|
|_georgeoladipo_||||||
|Rev George O Oladipo||||||
|Approved by board of Trustees|||Date -|31/10/2025||
6
**EL- BETHEL CHURCH OF CHRIST ALADURA Notes to the Accounts for the year ended 31 March 2025**
## **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
**3**
**Tangible fixed assets**
**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024|**Furniture &**
**fittings**
**£**
15,098
712
15,810
7,032
1,107
8,139
7,671
8,066|**£**
**£**
2,062
2,062
**Musical**
**equipment**
**Total**
**£**
**£**
15,012
30,110
1,285
1,997
16,297
32,107
6,150
13,182
955
2,062
7,105
15,244
9,192
16,863
8,862
16,928|
|---|---|---|
7
**EL- BETHEL CHURCH OF CHRIST ALADURA Notes to the Accounts for the year ended 31 March 2025**
|**4**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
**5**
**Restricted Funds**
**UnrestrictedRestricted**
At 1 April 2024
53,730
-
Net Incoming Fund
29,371
-
At 31 March 2025
83,101
-|**£**
**£**
1,722
-
551
350
2,273
350
**2025**
**2024**
**£**
**£**
53,730
44,797
29,371
8,933
83,101
53,730|
|---|---|
8
## **EL- BETHEL CHURCH OF CHRIST ALADURA**
## **Notes to the accounts (continued)**
## 6 **Income and Expenditure Account for the year ended 31 March 2025**
|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
Musician Expenses
Evangelical/outreach materials
6.3 **Management and Administration**
**of Charity:**
Travelling and subsistence
Rent
Light & heat
Bank charges
Rates
Telephone
Missionary
Accountancy fees
Repairs & maintenance
Gift Aid Expenses
Depreciation charge|**Unrestricted**
**£**
48,654
4,275
273
53,202
-
133
218
675
**1,088**
765
20,664
0
0
-
51
-
450
-
-
2,062
**24,052**|**Restricted**
**£**
1,309
-
1,309
**-**
-
**-**|**2025**
**Total**
**Fund**
**£**
48,654
1,309
4,275
273
**54,511**
0
133
218
675
**1,088**
765
20,664
0
0
0
51
0
450
0
62
2,062
**24,114**
25,202|**2024**
**Total**
**Fund**
**£**
38,316
851
3,077
309|
|---|---|---|---|---|
|||||**42,553**|
|||||0
210
192
1,359|
|||||**1,761**|
|||||169
29,459
0
0
0
39
0
350
0
48
1,794|
|||||**31,859**|
|||||33,620|
9
## **EL- BETHEL CHURCH OF CHRIST ALADURA Profit and Loss Account for the year ended 31 March 2025**
_for the information of the directors only_
|**Sales**
Administrative expenses
**Operating profit**
Interest receivable
**Profit before tax**|**2025**
**2024**
**£**
**£**
54,238
42,244
(25,140)
(33,620)
29,098
8,624
273
309
29,371
8,933|
|---|---|
10
## **EL- BETHEL CHURCH OF CHRIST ALADURA Schedule to the Profit and Loss Account for the year ended 31 March 2025**
_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
Event & harvest
Donations and welfare
Bank charges
Insurance
Gift Aid Expenses
Evangelism
Missionary
Repairs and maintenance
Depreciation
Amortisation of goodwill
Sundry exp
Security Expenses
Legal and professional costs:
Accountancy fees|**2025**
**2024**
**£**
**£**
54,238
42,244
54,238
42,244
-
-
-
-
765
169
60
-
825
169
20,664
29,459
-
-
-
-
20,664
29,459
-
-
218
192
675
1,359
133
210
-
-
-
-
62
48
-
-
-
-
-
-
2,062
1,794
-
-
-
-
-
-
3,201
3,642
450
350
450
350
25,140
33,620|
|---|---|
11