Registered Charity number 1169493
DEBRE-BRHAN KIDIST SELASSIE
Report and Accounts For The Year Ended 31 December 2020
DEBRE-BRHAN KIDIST SELASSIE Report and accounts Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustee's reports | 2 to 3 |
| Independent examiners' report | 4 |
| Statement of gains & losses | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 |
| Detailed Income and expenditure statement | 8 |
DEBRE-BRHAN KIDIST SELASSIE Company Information
Trustees
Rev. Bereket Ghebre Gerensie Tesfamichael Selomun Yemane Berhane Tefferi Ghebreyesus Desta
Accountants
Azeem Malik FCCA 1st Floor 277 Roundhay Road LEEDS West Yorkshire LS8 4HS
Bankers
Barclays Bank plc Leeds 2 Leicestershire LE87 2BB
Registered office
39 Appleton Square Leeds West Yorkshire LS9 7RU
Registered number 1169493
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DEBRE-BRHAN KIDIST SELASSIE Registered number: 1169493
Statement of Directors' and Trustees' Responsibilities
The Charities Act and the Companies Act require the Board of Trustees 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 of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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state whether applicable accounting standards and statements of
recommended practice have been followed , subject to any material
departures disclosed and explained in the financial statements;
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under 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.
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DEBRE-BRHAN KIDIST SELASSIE
Registered number: 1169493
Director's (trustees) Report
Introduction
The trustee's present their annual report and accounts for the year ended 31st December 2020. The Board are satisfied with the performance of the charity during the year end 31 December 2020 and consider that the charity is in atrong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
Name, registered office and constitution of the charity
The full name of the charity is Debre-Brhan Kidist Selassie. The chairty is also known by the name Eritrean Orthodox Church.
Date of incorporation: 05 October 2016 Charity registration number 1169493
Objectives and Activities of the Charity
The objects of the CIO for the public benefits are to advance the christian faith in Leeds and in the other parts of the United Kingdom as the charity trustees may from time to time think fit in accordance with the principles of the Eritrean Orthodox Church.
Services to the Community
In setting our objectives and planning our activities our Trustees have given serious consideration to The Charity Commissions's general guidance on public benefits and in particular the advancement of education.
Financial Reviews
The Total net income for the year was £50,165 and net expenditure was £57,187.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 2 September 2022 and signed on its behalf.
Rev. Bereket Ghebre Director
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DEBRE-BRHAN KIDIST SELASSIE
Independent examiner's Report
To the trustees of Debre-Brhan Kidist Selassie
I report on the account of the trust for the year ended 31 December 2020 which are set out on pages 5 to 9.
Respective Responsibilities of trustees and examiners
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011
(the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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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 accounts 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 material matters have come to my attention (other than disclosed below*) Which gives me cause to believe that I, any material respect :
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matter in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.
Azeem Malik FCCA Chartered Certified Accountants
1st Floor 277 Roundhay Road LEEDS West Yorkshire LS8 4HS
2 September 2022
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DEBRE-BRHAN KIDIST SELASSIE Income and expenditure statement for the year ended 31 December 2020
| Incoming resources Donations and grants recieved Less resources expanded Net incoming resources Less administrative expenses Operating surplus Surplus before taxation Tax on surplus Surplus for the year |
Unrestricted Restricted Funds Funds 2020 £ £ £ 50,165 - 50,165 (44,852) - (44,852) 5,313 - 5,313 (12,335) - (12,335) (7,022) - (7,022) (7,022) - (7,022) - (7,022) - (7,022) |
2019 £ 46,539 - 46,539 (18,141) 28,398 28,398 - 28,398 |
|---|---|---|
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DEBRE-BRHAN KIDIST SELASSIE Registered number: 1169493 Balance Sheet as at 31 December 2020
| Notes Fixed assets Tangible assets 2 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 3 Net current liabilities Net assets Capital and reserves Unrestricted funds 3 Accumulated funds |
2020 £ 255,157 23,296 (139,015) (115,719) 139,438 139,438 139,438 |
2019 £ 254,598 16,127 (124,265) (108,138) 146,460 146,460 146,460 |
|---|---|---|
The Bord of Trustees are satisfied that the organisation is not required to have an audit by virtue of its level of turnover or by virtue of any requirements under the constitution or otherwise.
The Borad of Trustees also acknowledge their responsibility for ensuring the organisation keeps proper accounting records in accordance with the requiremnets of the charities Act 2011 as more fully set out under 'Trustees' Responsibilities' in the Report of the Trustees.
Rev. Bereket Ghebre Director Approved by the board on 2 September 2022
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DEBRE-BRHAN KIDIST SELASSIE Notes to the Accounts for the year ended 31 December 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Unrestricted income funds are general funds that are available for use at the Trustees' discretion in furtherance of the objectives of the charity. Further details of each fund is disclosed on the the last page ( see detailed income & expenditure statement).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Freehold buildings | over 50 years |
|---|---|
| Leasehold land and buildings | over the lease term |
| Plant and machinery | over 5 years |
| Fixtures, fittings, tools and equipment | over 5 years |
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Tangible fixed assets
| Cost At 1 January 2020 Additions At 31 December 2020 Depreciation At 1 January 2020 Charge for the year At 31 December 2020 |
Land and buildings £ 244,772 - 244,772 - - - |
Plant and machinery etc £ 11,541 1,713 13,254 1,715 1,154 2,869 |
Total £ 256,313 1,713 258,026 1,715 1,154 2,869 |
|---|---|---|---|
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DEBRE-BRHAN KIDIST SELASSIE Notes to the Accounts
for the year ended 31 December 2020
| Net book value At 31 December 2020 At 31 December 2019 3 Creditors: amounts falling due within o Short term loans Accruals 4 Movement of funds (capital account) Unrestricted funds Total funds reconciled to balance sheet |
ne year Balance at March 2020 139,438 139,438 |
244,772 244,772 Resouces expanded 2020 (57,187) (57,187) |
10,385 9,826 2020 £ 135,540 3,475 139,015 Incoming resources 2020 50,165 50,165 |
255,157 254,598 2019 £ 121,540 2,725 124,265 Balance at March 2019 146,460 146,460 |
|---|---|---|---|---|
5 Other information
DEBRE-BRHAN KIDIST SELASSIE is a charity incorporated in England. Its registered office is:
39 Appleton Square Leeds West Yorkshire LS9 7RU
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DEBRE-BRHAN KIDIST SELASSIE Detailed Income and expenditure statement for the year ended 31 December 2020
This schedule does not form part of the statutory accounts
| Income Donations Projects and events Fund raising Charitable activity Other direct costs Administrative expenses Employee costs: Entertaining Premises costs: Service charges Light and heat Water charges Cleaning General administrative expenses: Stationery and printing Bank charges Equipment expensed Repairs and maintenance Depreciation Sundry expenses Legal and professional costs: Accountancy fees Advertising and PR Total resources expanded |
Unrestricted Restricted 2019 2019 Funds Funds Total Total £ £ £ £ 50,165 - 50,165 46,539 9,493 9,493 - 18,309 - 18,309 - 17,050 - 17,050 5,000 44,852 - 44,852 5,000 460 - 460 62 460 - 460 62 - - - 1,700 1,345 - 1,345 2,387 172 - 172 323 517 - 517 401 2,034 - 2,034 4,811 - - - 110 544 - 544 832 365 - 365 - 6,589 - 6,589 4,755 1,154 - 1,154 1,092 - - - 729 8,652 - 8,652 7,518 750 - 750 750 439 - 439 - 1,189 - 1,189 750 57,187 - 57,187 18,141 |
|---|---|
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