# _**Company Registered Number 05185606 Charity Registration Number 1136789**_
OPEN DOORS BAPTIST CHURCH COMMUNITY PROJECTS LTD STATEMENT OF FINANCIAL ACTIVITIES AND THE TRUSTEES REPORT FOR THE YEAR ENDED 05 April 2021
## **OPEN DOORS BAPTIST CHURCH COMMUNITY PROJECTS LTD Report and accounts Contents**
||**Page**|
|---|---|
|Company information|1|
|The Report of the Trustees|2 - 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance sheet|6-7|
|Notes to the Financial Statements|8 - 10|
## **OPEN DOORS BAPTIST CHURCH COMMUNITY PROJECTS LTD Company Information**
## **Trustees**
Babatunde Emmanuel Oyetunji Adebola Fayeun Angela Egembah Chime Egembah Lesley Joseph Ruth Oyetunji
## **Management committee**
Babatunde Emmanuel Oyetunji - Director Adebola Fayeun - Secretary Angela Egembah Chime Egembah Lesley Joseph Ruth Oyetunji
## **Secretary**
Adebola Fayeun
## **Bankers**
HSBC Bank PLC 6 The Broadway Woodford Essex Essex IG8 0HW
## **Accountant**
Soladex Financial Services 57 Columbia Road Broxbourne Hertfordshire EN10 6FR
## **Registered office**
Downs Road Hackney London E5 8DS
## **Company Registered Number**
05185606
## **Charity Registered Number**
1136789
1
**OPEN DOORS BAPTIST CHURCH COMMUNITY PROJECTS LTD Registered number: 05185606**
## **The Report of the Trustees [incorporating the directors' report] For the year ended 5 April 2021**
The Directors of the Open Door Community Projects Ltd are its Trustees for the purpose of the Charity Law and throughout this report are collectively referred to as the Trustees. Their responsibilities include all the responsibilities of Directors under the Companies' Acts and of Trustees under the Charities Act.
## **Objecives and achievements during the year**
The principal activity of the charity is to rpovide educational and recreational activites and other charitable courses to the local community.
The board of trustees are satisfied with the performance of the charity during the year and its financial position at 5 April 2021. It considers that the charity is in a strong position to continue its activities during the coming year, and that the assets are adequate to fulfil its obligations.
## **Structure, Governance and Management**
The charity is constituted as a company limited by guarantee and is therefore governed by its Memorandum and Articles of Association. The Trustees administer the day -to-day affairs of the chairty. None of the Trustees have any beneficial interest in the Charity.
## **Financial Review**
## **Transactions and Financial Position**
The financial statements are set out on pages 5 to 10. The financial statements have been prepared implementing the Statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charities issued by the Charity Commission for England and Wales (effective April 2005) and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2005). The Trustees consider the financial position of the Charity during the year has been satisfactory.
The Statement of Financial Activities show gross resources for the year of a revenue nature of £40,343 Operating expenses for the year was £39,323 leaving a surplus of £1,020 There was a net asset figure of £21,430
## Reserves
The Charity does not have a specific reserve policy currently because it does not have significant fixed commitments. The Trustees have however considered all risks that the Charity is exposed to and they believe the Charity will be able to meet all its financial commitments in the coming year.
## **Major risks to which the charity is exposed and systems to mitigate those risks**
## **Financial**
The charity is open to the usual financial risk of any organisation, and the charity has introduced controls to minimise these risks, such as two signatures being required for payments from the bank accounts, the appointment of a designated personnel is required to authorise payments for purchases, and the accounts are regularly explained to members of the charity, and are open for member's inspection at any time.
2
**OPEN DOORS BAPTIST CHURCH COMMUNITY PROJECTS LTD Registered number: 05185606**
**The Report of the Trustees [incorporating the directors' report] For the year ended 5 April 2021**
## **Statement of Directors' and Trustees Responsibilities**
The Trustees (who are also directors of The Open Doors Community Projects Ltd for the purpose of Company Law) are responsible for preparing the Trustees' Report and the Financial Statements in accordance with applicable law and the United Kingdom Generally Accounting Practice.
Charity Law requires the board to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and the surplus or deficit of the charity. In preparing those financial statements, the board is required :-
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent:
- State whether applicable accounting standards and statements of recommnded practice have
- been followed, subject to any material departures disclosed and explain in the financial statements:
- prepare the financial statements on the going cencern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity which is sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are also responsible for the contents of the trustees' report, and the responsibility of the auditors in relation to the trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.
## **Small Company Provision**
This report has been prepared in accordance with the special provision for small companies under part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees On 16 November 2021
On behalf of the board.
Signed;-………………………………………………..
Name: Babatunde Emmanuel Oyetunji
Trustee
3
## **OPEN DOORS BAPTIST CHURCH COMMUNITY PROJECTS LTD**
## **Independent Examiner's Report on the unaudited financial statements**
## **For the year ended 5 April 2021**
Report of the trustees of Open Doors Baptist Church Community Projects Ltd on the accounts for the year ended 5 April 2021 as set out on pages 5 to 10
## _**Respective responsibilities of trustee and examiner**_
The Charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for the year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.
It is my responsibility to:-
- examine the accounts (under section 43(3)(a) of the Act:
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the Act: and
- to state whether particular matters have come to my attention.
## _**Basis of independent examiner's statement**_
My examination was carried out in accordance with General Directions given by the Charity Commissioners.An examination includes a review of the accounting records kepts by the charity and a comparison of the financial statements presented with those records.It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently i do not express an audit opinion on the financial statements.
## _**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 41 of the 1993 Act: and
- To prepare accounts which accord with the accounting records and comply with the accounts requirements of the Act have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper
- ● understanding of the financial statements to be reached.
Signed:- Doyin Adeleye Date: 16 November 2021
Company name:Soladex Financial Services
57 Columbia Road, Broxbourne. EN10 6FR
4
## **OPEN DOORS BAPTIST CHURCH COMMUNITY PROJECTS LTD**
## **Statement of Financial Activities [incorporating the income and expenditure account] for the year ended 5 April 2021**
|**Notes**
**Incoming Resources**
2
**Total income resources**
**Resources Expended**
Light and heat
Staff costs
Establishment costs
Motor and travelling expenses
Accountancy fees
Communications and I.T
Other office expenses
Youth projects
Bank int. & charges
Donation to ODBC
**Total resources expended**
**Net surplus / (deficit) for the year**
Total funds brought forward
Total funds carried forward
Incoming resources from generating
funds: Charitable activities
**Net incoming resources before**
**transfer**
Purchases
Insurances|**Unrestricted**
**funds**
**2021**
**£**
40,343
40,343
350
5,000
2,261
12,763
286
2,313
1,177
3,043
1,500
1,630
9,000
**39,323**
1,020
1,020
20,410
**21,430**|**Total**
**funds**
**2021**
**£**
-
**40,343**
**40,343**
**350**
**5,000**
**0**
**2,261**
**12,763**
**286**
**2,313**
**1,177**
**3,043**
**1,500**
**1,630**
**9,000**
**39,323**
1,020
1,020
20,410
**21,430**|**Prior Period**
**funds**
**2020**
**£**
-
42,945
42,945
342
3,930
1,757
1,750
11,799
236
200
3,500
600
3,500
2,030
9,531
**39,175**
3,770
3,770
16,640
**20,410**|
|---|---|---|---|
5
|**OPEN DOORS BAPTIST CHURCH COMMUNITY PROJECTS LTD**
**Registered number:**
05185606
**Balance Sheet**
**as at 5 April 2021**
**Notes**
**2021**
**£**
**Fixed assets**
Tangible assets
4
-
-
**Current assets**
Stocks
97
10,457
Cash at bank and in hand
21,833
9,953
21,930
20,410
**Creditors: amounts falling due**
**within one year**
(500)
-
**Net current assets**
21,430
**Total assets less current**
**liabilities**
21,430
**Creditors: amounts falling due**
**after more than one year**
-
**Provisions for liabilities**
-
**Net assets**
**21,430**
**Capital and reserves**
Unrestricted funds
6
21,430
**21,430**|**2020**
**£**
-
-
20,410
20,410
-
-
**20,410**
20,410
**20,410**|
|---|---|
6
**OPEN DOORS BAPTIST CHURCH COMMUNITY PROJECTS LTD Registered number:** 05185606 **Balance Sheet as at 5 April 2021**
## **Trustees' statements required by the Companies Act 2006**
In approving these financial statements as Trustees of the company, we hereby confirm:
a) that for the year stated above the company was entitled to the exemption by section 477 of the Companies Act 2006
b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 5 April 2020
c) that we acknowledge our responsibilities for:
1. ensuring that the company keep proper accounting records which comply with section 386 of the Companies Act 2006, and
2. preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provision of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements were approved by the board on 16 November 2021 and signed on its behalf by:
Signed………………………..
Babatunde Emmanuel Oyetunji Director
7
**OPEN DOORS BAPTIST CHURCH COMMUNITY PROJECTS LTD Notes to the Financial Statements for the year ended 5 April 2021**
## **1 Accounting policies**
## _**Basis of preparation**_
The financial statements have been prepared in accordance with the Charities Act 1993 and with the Financial Reporting Standard for Small Entities (FRSSE), and all other applicable accounting standards, effective June 2002, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England and Wales, effective October 2000, adapted to meet the needs of unicorporated organisations.
## _**Accounting convention**_
The financial statements are prepared, on a going concern basis, under the historical cost convention.
## **1.2** _**Incoming Resources**_
All Incoming resource are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accruacy. The following specific policies are applied to particular categories of income.
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided be volunteers has not been included.
Gifted donated for resale are included as incoming resources within the activities for generating funds when they are sold.
Grants, including grants for the purpose of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
## **1.3** _**Resources Expended**_
Expenditure is recognised on an accrual basis as a liability as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise of the cost associated with attracting voluntary income and the costs of trading for fundraising purposes including the Charity's shop.
Charitable expenditure comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both cost that can be allocated directly to such activities and those costs of an indirect natiure necessary to support them.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of diseminating information in support of the charitable activities.
Support costs are those costs incurred directly in support of expenditure on the projects of the chairty and include project management.
8
**OPEN DOORS BAPTIST CHURCH COMMUNITY PROJECTS LTD Notes to the Financial Statements for the year ended 5 April 2021**
## **1.4** _**Tangible fixed assets and depreciation**_
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value for each asset over its expected useful economic life, as follows:
|economic life, as follows:|||
|---|---|---|
|Leasehold properties|-|straight line over the life of the lease|
|Fixtures, fitting and equipment|-|25% straight line|
|Motor vehicles|-|25% straight line|
## **1.5** _**Stock**_
Stock is valued at the lower of cost and net realisable value.
## **2 Incoming resources from charitable activities**
|Sale of goods / services
Donation from ODBC
Funds from Youth Project
London Borough of Hackney Grant
Net incoming resources for the year|Unrestricted
funds
£
15343
25,000
40,343|2021
Total
£
15343
25,000
40,343|2020
Total
£
32,609
1,136
9,200
-
42,945|
|---|---|---|---|
## **3 Taxation**
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
|**4**
**Tangible Fixed Assets**
_Cost_
At 6 April 2020
Additions
At 5 April 2021
Depreciation
At 6 April 2020
Charge for the year
At 5 April 2021
Net Book Value
At 5 April 2021
At 5 April 2020|Short
Leashold
Property
£
20,809
-
20,809
20,809
-
20,809
-
-|Fixtures,
fittings &
equipment
£
5,357
-
5,357
5,357
-
5,357
-
-|Motor
vehicles
£
1,650
-
1,650
1,650
-
1,650
-
-|Total
£
27,816
-
27,816
27,816
-
27,816
-
-|
|---|---|---|---|---|
9
## **OPEN DOORS BAPTIST CHURCH COMMUNITY PROJECTS LTD Notes to the Financial Statements for the year ended 5 April 2021**
||||Unrestricted|Restricted||
|---|---|---|---|---|---|
|**5**|**Analysis of net assets between funds**||funds|funds|Total funds|
||||£|£|£|
||Fund balances at 6 April 2020 as represented by:|||||
||Tangible fixed assets|||||
||Current assets||21930|-|21,930|
||Current liabilities||(500)|-|(500)|
||Long-term liabilities||-|-|-|
||Fund balances at 5 April 2021||21,430|-|21,430|
|**6**|**Unrestricted and restricted funds**|||||
|||At 6 April|Incoming|Outgoing|At 5 April|
|||2020|resources|resources|2021|
|||£|£|£|£|
||Charity shop operations (unrestricted)|20,410|40,343|39,323|21,430|
10