THE EVERLASTING ARMS MINISTRIES

THE EVERLASTING ARMS MINISTRIES

THE EVERLASTING ARMS MINISTRIES - Company Information

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THE EVERLASTING ARMS MINISTRIES

Company Registration Number:
04234547 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

THE EVERLASTING ARMS MINISTRIES

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

THE EVERLASTING ARMS MINISTRIES

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 827,959 877,311
Total fixed assets: 827,959 877,311
Current assets
Debtors:   2,120,547 121,122
Cash at bank and in hand: 282,442 505,644
Total current assets: 2,402,989 626,766
Creditors: amounts falling due within one year: 4 (37,262) (56,669)
Net current assets (liabilities): 2,365,727 570,097
Total assets less current liabilities: 3,193,686 1,447,408
Total net assets (liabilities): 3,193,686 1,447,408
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3,193,685 1,447,407
Shareholders funds: 3,193,686 1,447,408

The notes form part of these financial statements

THE EVERLASTING ARMS MINISTRIES

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 December 2021
and signed on behalf of the board by:

Name: Ade Adesola
Status: Director

The notes form part of these financial statements

THE EVERLASTING ARMS MINISTRIES

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE EVERLASTING ARMS MINISTRIES

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 3 3

THE EVERLASTING ARMS MINISTRIES

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible Assets

Total
Cost £
At 01 April 2020 1,436,128
Disposals (241,366)
At 31 March 2021 1,194,762
Depreciation
At 01 April 2020 558,817
Charge for year 49,352
On disposals (241,366)
At 31 March 2021 366,803
Net book value
At 31 March 2021 827,959
At 31 March 2020 877,311

THE EVERLASTING ARMS MINISTRIES

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Creditors: amounts falling due within one year note

£37,262

THE EVERLASTING ARMS MINISTRIES

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Changes in presentation and prior period adjustments

Debtors have been restated to incorporate the sale of asset omitted (Land and Buiding) from the Statement of Financial Activities.

THE EVERLASTING ARMS MINISTRIES

Notes to the Financial Statements

for the Period Ended 31 March 2021

6. Related party transactions

Name of the related party:
Relationship:
Deputy General Overseer
Description of the Transaction: The wife of a trustee was paid a professional fee for services provided as the deputy general overseer of the ministry.
£
Balance at 01 April 2020 54,000
Balance at 31 March 2021 54,000
Name of the related party:
Relationship:
Senior Pastor and General Overseer
Description of the Transaction: A trustee who resigned on 22 April 2020. While he was a trustee he was paid gross remuneration.
£
Balance at 01 April 2020 6,000
Balance at 31 March 2021 6,000