Charity Registration No:1118441
DEBRE MEDHANIT KIDUS AMANUEL ETHIOPIAN ORTHODOX TEWAHEDO CHURCH IN BIRMINGHAM
Trustees' financial statements For the Year ended 31.03.2023
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Debre Medhanit Kidus Amanuel Ethiopian Orthodox Tewahedo Church For the Year ended 31 March 2023
| Legal and administrative information Trustees' report Statement of financial activities Balance Sheet Notes to the financial statements |
Page 1 2 3 4 5 -6 |
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Debre Medhanit Kidus Amanuel Ethiopian Orthodox Tewahedo Church For the Year ended 31 March 2023 Legal and administrative information
Status
The Organisation is a charity registered with the Charity Commission since 2003. The charity is governed by its Constiutiuion.
Registered office address: Narrow Lane Halesowen B62 9PE Banking NatWest Bank
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Debre Medhanit Kidus Amanuel Ethiopian Orthodox Tewahedo Church Notes to the financial statements
For the Year ended 31 March 2023
Accounting polices
This report and accompanying financial statements have been prepared in accordance with the Statement of Recommended Practice; Accounting and Reporting by Charities 2005 and the special provisions of the Companies Act 2006 relating to small entities.
Incoming resources
All funds are unrestricted Collections are recorded when received. Donations is recorded when the income is recognised.
Funds raised by the committee members at the special spiritual program events are accounted for gross. Income are accounted for gross.
Fixed Asset
All assets costing more than £70 are capitalized.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life on a straight line.
Expenditure
All expenditure is generally recognised when it is incurred and is accounted for gross.
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Debre Medhanit Kidus Amanuel Ethiopian Orthodox Tewahedo Church Statement of Financial Activities For the year ended 31 March 2022
| Note Incoming Resources Voluntary income 1 Income from church activities Building fund Other charitable income 2 Total Incoming Resources Resources Expended Rent Travelling costs Allowance Insurance Postage. printing and stationery Sundry expenses Depreciation Net Movement in Funds As at 31 March 2023 |
2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ 55,340.00 6,650.00 13,513.00 9,963.00 |
£ | ||||
| 176,135.00 | |||||||
| 5,725.00 125,000.00 12,500.00 12,500.00 7,800.00 12,345.00 1,673.00 1,000.00 345.00 5,400.00 |
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| 319,360.00 | 85,466.00 | ||||||
| 10,695.00 226.00 11,754.00 299.00 209.00 758.00 42.00 |
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| -41,063.00 | -23,983.00 | ||||||
| 278,297.00 | 61,483.00 | ||||||
The trustees acknowledge their responsibilities for:
(i) ensuring that the charity keeps proper accounting records.
(ii) preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its Net movement in funds for the financial year in accordance with the requirements of the charity commission.
The annexed notes form part of these financial statements.
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Debre Medhanit Kidus Amanuel Ethiopian Orthodox Tewahedo Church Balance Sheet As at 31 March 2023
| Fixed Assets Current Assets Cash at bank and in hand Receivables Current liabilities CREDITORS: Amounts falling due within one year Net current assets TOTAL ASSETS LESS LIABILITIES Long Term liabilities Net Assets Accumulated Funds Balance Brought Forward Surplus of income over expenditure |
Fixed Assets Current Assets Cash at bank and in hand Receivables Current liabilities CREDITORS: Amounts falling due within one year Net current assets TOTAL ASSETS LESS LIABILITIES Long Term liabilities Net Assets Accumulated Funds Balance Brought Forward Surplus of income over expenditure |
2023 | 2023 | 2022 | 2022 | |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| 789,214.00 | 9,437.00 | |||||
| 143,722.00 | 335,171.00 | |||||
| 0.00 | 862.00 | |||||
| 143,722.00 | 336,033.00 | |||||
| -27,967.00 | -1,440.00 | |||||
| 115,755.00 | 334,593.00 | |||||
| 904,969.00 | 344,030.00 | |||||
| -282,642.00 | ||||||
| 622,327.00 | 344,030.00 | |||||
| 344,030.00 | 282,547.00 | |||||
| 278,297.00 | 61,483.00 | |||||
| As at 31 March 2023 | 622,327.00 | 344,030.00 |
The trustees acknowledge their responsibilities for:
(i) ensuring that the charity keeps proper accounting records.
(ii) preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its Net movement in funds for the financial year in accordance with the requirements of the charity commission.
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Debre Medhanit Kidus Amanuel Ethiopian Orthodox Tewahedo Church Notes to the Financial Statements - (Continued) For the year ended 31 March 2023
1- Voluntary Income
Open Plate Collection Donation
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| 36,540.00 | 32,799.00 | ||
| 139,595.00 | 22,541.00 | ||
| 176,135.00 | 55,340.00 |
2 - Other Income
Membership Wedding service Christening service Funeral Service Other income
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| 8,600.00 | 5,646.00 | ||
| 300.00 | 400.00 | ||
| 2,800.00 | 2,850.00 | ||
| 250.00 | 1,050.00 | ||
| 550.00 | 17.00 | ||
| 12,500.00 | 9,963 |
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Debre Medhanit Kidus Amanuel Ethiopian Orthodox Tewahedo Church Notes to the Accounts
For the year ended 31 March 2023
4. TANGIBLE FIXED ASSETS
| 4. TANGIBLE FIXED ASSETS | ||||||||
|---|---|---|---|---|---|---|---|---|
| Building and improvement, Furniture & Fixture, equipment |
Total | |||||||
| At 1 April 2022 Addition At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for the year At 31 March 2023 NET BOOK VALUE At 31 March 2023 |
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| £ 9,437.00 786,177.00 795,614.00 |
£ 9,437.00 786,177.00 795,614.00 |
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| 5,400.00 1,000.00 6,400.00 |
5,400.00 1,000.00 6,400.00 |
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| 789,214.00 | 789,214.00 |
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