Registered number: 06619498
MEISTAD EDEN CHURCH DIRECTOR'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
RITMORRIS & CO FCCA
Meistad Eden Church Director's Report and Financial Statements For The Year Ended 30 June 2022
Contents
| Page | |
|---|---|
| Company Information | 1 |
| Director's Report | 2 |
| Accountant's Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—7 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 8 |
Meistad Eden Church Company Information For The Year Ended 30 June 2022
Director Mr Kouame Didier Company Number 06619498 Registered Office 63 Deering House London Tudway Road London SE3 9FG Accountants RITMORRIS & CO FCCA
Page 1
Meistad Eden Church Company No. 06619498 Director's Report For The Year Ended 30 June 2022
The director presents his report and the financial statements for the year ended 30 June 2022.
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the director is required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is 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.
Directors
The director who held office during the year were as follows:
Mr Kouame Didier
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Kouame Didier
Director
12/01/2023
Page 2
Meistad Eden Church Accountant's Report For The Year Ended 30 June 2022
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 June 2022 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
24/02/2023
RITMORRIS & CO FCCA
Page 3
Meistad Eden Church Income and Expenditure Account For The Year Ended 30 June 2022
| Notes TURNOVER GROSS SURPLUS Administrative expenses OPERATING SURPLUS Other interest receivable and similar income SURPLUS FOR THE FINANCIAL YEAR |
2022 £ 62,336 62,336 (55,904) 6,432 6 6,438 |
2021 £ 64,517 |
|---|---|---|
| 64,517 (42,270) |
||
| 22,247 - |
||
| 22,247 |
The notes on pages 6 to 7 form part of these financial statements.
Page 4
Meistad Eden Church Balance Sheet As at 30 June 2022
| FIXED ASSETS Notes Tangible Assets 3 CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 4 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2022 £ £ 471 471 97,391 97,391 (4,029) 93,833 93,362 93,833 93,833 93,833 |
2022 £ £ 471 471 97,391 97,391 (4,029) 93,833 93,362 93,833 93,833 93,833 |
2021 £ £ 628 628 91,762 91,762 (4,995) 87,395 86,767 87,395 87,395 87,395 |
2021 £ £ 628 628 91,762 91,762 (4,995) 87,395 86,767 87,395 87,395 87,395 |
|---|---|---|---|---|
| 471 93,362 |
628 86,767 |
|||
| 97,391 (4,029) |
91,762 (4,995) |
|||
| 93,833 | 87,395 | |||
| 93,833 | 87,395 | |||
| 93,833 | 87,395 | |||
| 93,833 | 87,395 |
For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Kouame Didier
Director
12/01/2023
The notes on pages 6 to 7 form part of these financial statements.
Page 5
Meistad Eden Church Notes to the Financial Statements For The Year Ended 30 June 2022
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
1.2. Turnover
Turnover is measured at the fair value of the donationation received or receivable, net of discounts. Turnover includes tithes & offerings from the members of the church.
Rendering of services
Turnover is only recognised to the extent of recoverable expenses when the outcome of a donation cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings
25% Reducing balance
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2021: 1)
3. Tangible Assets
| Cost As at 1 July 2021 As at 30 June 2022 Depreciation As at 1 July 2021 Provided during the period As at 30 June 2022 Net Book Value As at 30 June 2022 As at 1 July 2021 |
Fixtures & Fittings £ 7,606 |
|---|---|
| 7,606 | |
| 6,978 157 |
|
| 7,135 | |
| 471 | |
| 628 |
4. Creditors: Amounts Falling Due Within One Year
| Trade creditors Other taxes and social security Net wages Other creditors - pension Accruals and deferred income |
2022 £ - 50 2,224 55 1,700 4,029 |
2021 £ (1) 133 3,213 - 1,650 |
|---|---|---|
| 4,995 |
Page 6
Meistad Eden Church Notes to the Financial Statements (continued) For The Year Ended 30 June 2022
5. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
6. General Information
Meistad Eden Church is a private company, limited by guarantee, incorporated in England & Wales, registered number 06619498. The registered office is 63 Deering House London, Tudway Road, London, SE3 9FG.
Page 7
Meistad Eden Church Detailed Income and Expenditure Account For The Year Ended 30 June 2022
| TURNOVER Tithes & Offerings GROSS SURPLUS Administrative Expenses Directors' salaries Directors' pension - defined contribution schemes Employers NI Staff training Motor, travel and subsistence expenses Hall Rentals Hire and leasing of motor vehicles Vehicle repair costs Computer software, consumables and maintenance Insurance Printing, postage and stationery Storage Accountancy fees Professional fees Honoraria Mission & Evangelism AOG Annual Contribution Instrumentalist costs Bank charges Charitable donations Depreciation Sundry expenses OPERATING SURPLUS Other interest receivable and similar income Bank interest receivable SURPLUS FOR THE FINANCIAL YEAR |
2022 £ £ 62,336 62,336 13,825 262 687 1,785 3,883 17,798 3,549 869 936 1,612 55 1,254 1,650 418 1,684 1,182 2,348 963 12 600 157 375 (55,904) |
2021 £ £ 64,517 64,517 13,825 643 699 1,140 5,209 5,395 4,224 - 1,057 1,410 109 - 1,650 286 1,900 1,502 2,836 - 30 - 209 146 (42,270) |
|---|---|---|
| 6,432 6 6 |
22,247 - - |
|
| 6,438 | 22,247 |
Page 8