2020-12-31-accounts - Eritrean Beth-El Church In London

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Legal and Administrative	Information	Page 1
Trustees' report		Page2to9
Independent Examiner's	report	Page 10
Statement offinancial	activities	Page 11
Balance sheet		Page 12
Notes to financial statements		Page 13to16

					General	funds
				Notes	2020		2019
						f	f
INCOMING RESOURCES
Incoming Resources from charitable			activities:			99,399	128,947
Activities for generating	funds					9,121	3,335
Other incoming resources						80,451	84,672
Total incoming resources						188,971	216,954
RESOURCES EXPENDED
Charitable activities						135,631	153,338
Total resource expended						135,631	153,338
Net incoming/(outgoing)	resources		for the year/
Net income / (expenditure)		for the	year			53,340	63,616
Total funds brought forward						720,007	656,391
Total funds carried forward						770,047	770,007

			2020	2019
		Notes
FIXED ASSETS
Tangible assets			839,313	865,852
CURRENT ASSETS
Cash at bank and	in hand		227,194	177,695
Prepayment
CREDITORS
amounts failings	due within one year		2431.51	3089.14
Net current assets			224,762	174,606
TOTAL ASSET LESS CURRENT LIABILITIES			1,064,075	1,040,458
CREDITORS
Amounts falling	due after more than one yi	7	-290,728	-320,451
NET ASSETS			773,347	720,007
FUNDS
General Purpose	Fund		773,347	720,007

			2020	2019
			f	f
Building	Fund		6,365	2,908
Fund raising Sales			2,756	427
			9,121	3,335
3.INCOMING		RESOURCES FROM CHARITABLE ACTIVITIES
			2020	2019
			f	f
Tithes and Offerings			85,273	118,404
Tax reclaimed		on Gift Aids	14,127	10,542
			99,399	128,946
4.OTHER INCOME
			2020	2019
			f
Rent			4,050	23,460
Deposit	interest		144	186
Refund			1,149	0
Contribution			649	11,677
Gift			40	0
Tuition	Fee		62,993	49,349
HMRC Covid Grant			11,426
			80,451	84,672

							2020	2019
							f	f
Payment for the Ministers							46,989.05	40,450
PAYE and Nl							4,258.20	1,302
Office Materials							2,777.20	4,668
Ins ura nce							1,210.67	1,164
Donation &Gifts							15,731.38	7,862
Bible,Cassettes, News		Papers etc.					7,389.00	8,372
Travel &Subsistence							3,440.54	3,746
IT and Office machines			Maintenance				454.85	2,876
Telephone, Gas &Electricity							5,321.74	5,069
Conference &Training								17,404
Catering &Refreshment							1,095.24	5,606
Printing, Stationery,	Photocopy,				Postage		3,364.70	4,796
Bank Charges							669.55	1,300
Premises Expense							3,209.05	3,852
Professional Fee							1,440.00
Membership Fee							290.00	940
Mortgage Payment							11,087.81	13,730
Repair/Maintenance		of	Property				363.00	2,584
Depreciation							26,539.27	27,618
							135,631	153,338
6.TRUSTEES' REMUNERATION					AND BENEFITS
During the year and	in the			previous		years, no Trustee received remuneration, benefit		in kind or had
7.CREDITORS: AMOUNTS				FALLING		DUE AFTER MORE THAN ONE YEAR
							2020	2019
							f	f
Bank Loan							290,728	320,451