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2021-03-31-accounts

REHOBOTH INTERNATIONAL CHRISTIAN CENTRE

Charity No: 1003011

REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

REHOBOTH INTERNATIONAL CHRISTIAN CENTRE (RICC)

1 April 2020 – 31 March 2021

Legal and Administrative Information

Charity No: 1003011

Trustees:

Pastor Prince Obinna Egekwu Pastor Joan Myers, OBE Pastor Angela Rochester Pastor Sam Tekyi-Berto

Charity’s Principal Address:

104-106 Whitehorse Road

Croydon Surrey CR0 2JF Tel: 020 8664 9895. Email: rehobothcroydon@aol.org.uk Website: www.ricc.org.uk

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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE (RICC)

Contents Page
Legal and Administrative Information 1
Trustees’ Report 2
Independent Examiner’s Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Accounts 6 – 9

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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE (RICC) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees of RICC present their report and accounts for the year ended 31 March 2021

Objects of the Charity:

To advance the Christian religion, and help alleviate poverty, need hardship and distress in the most pragmatic manner possible without compromising the Christian ideals for the benefit and interest of the public.

Activities and Achievements

RICC’s main activities include a twice-weekly sermon to the congregation of about 250; and, once a week, Bible studies via zoom technology. The church makes small benevolence payments to individuals (subject to availability of funds and priority of need) and undertakes missionary work in the UK, Africa, and the Caribbean. The church’s outreach team continues to run food and clothes bank distributions and feeding/soup kitchen services from its registered premises regularly for the benefit of the public. The church continues to participate in community evangelism and advocacy in collaboration with other local churches in Croydon to benefit the public and our immediate community. The church runs a successful remedial youth ministry, Christian counselling, and mediation programmes. After successfully running a vibrant Bible School for over ten years and graduating over 500 students with Diplomas in Bible Ministry and are now serving as leaders/mentors in various capacities in our communities; the has temporarily put on hold the London branch of the Bible School to review the logistics for running the school locally. However, the chapters in Barbados and Uganda continue unabated. Thanks to our dedicated local and international philanthropists, the Children’s home in Nakuru, Kenya, is growing from strength to strength, despite the COVID 19 challenges. The latter continues to help fund this humanitarian community project. The church building was closed to members and the community due to the unprecedented effects of COVID 19 in March 2020 as per the UK Government’s regulations but re-opened to members and the community in September 2021; However, RICC continued to run the feeding/soup kitchen services twice a month for the homeless and the needy in our communities during the period of closure.

Financial Review :

The Statement of Financial Activities shows incoming resources of £134,890 for the year 2020/21 and net incoming resources of (£9,621) compared with 2019/20: £156,942 and £3,829.

Statement of Trustees’ responsibilities

The trustees are required by law to prepare financial statements for each financial year, giving a true and fair view of the charity's state of affairs and its results for that period.

In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records, which reasonably accurately disclose the charity’s financial position at any time and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the charity's assets and taking reasonable steps to prevent fraud and other irregularities.

Approval:

This report was approved by the Trustees and signed on its behalf:

Date: 12/06/2022

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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE (RICC)

Independent Examiner’s Report to the Trustees of Rehoboth International Christian Centre

I report on the charity accounts for the year ended 31 March 2021, which are on pages 4 to 9.

Respective Responsibilities of Trustees 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 this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s Statement

My examination was carried out by general Directions given by the Charity Commissioner. 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 considering any unusual items or disclosures in the reports and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence required in an audit. 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 matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the 2011 Act: and

  3. to prepare accounts that accord with the accounting records and comply with the accounting requirements of the Charities Act that have not been met; or

  4. to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.

PNC-actncy

PNC Accountancy Ltd 4th Floor Hamilton House Maldon Place London WC1H 9BB

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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Incoming Resources (Note 3)
Income & Endowments from:
Donations and Legacies
Charitable Activities
Other Income
Total
Resources Expended (Note 4)
Expenditure on:
Raising Funds
Charitable Activities
Separate Material Items
Total resources expended
Net incoming resources
Reconciliation of Funds
Total funds brought forward
Total funds Carried forward		 Unrestricted
Unrestricted
Fund
Fund
2020/21
2019/20
£
£
134,890
155,038
0
1,777
0
127
134,890
156,942
132,136
137,018
12,375
16,095
0
0
144,511
153,113
(9,621)
3,829
255,503
255,503
245,882
259,332

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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE

BALANCE SHEET AS AT 31 MARCH 2021

Notes
Fixed Assets
5
Freehold Building
Equipment
Furniture & Fittings
Current Assets
Debtors and Prepayments
Cash at Bank and in Hand
Current Liabilities
Creditors Falling Due Within 12 Months
Current Assets Less Current Liabilities
Creditors falling due >1year
6
Loans (including BBL)
Mortgage/Loans
Total Net Assets
Represented By Funds of the Charity
Unrestricted Fund		 YR 2020/21 2020/21 YR 2019/20 YR 2019/20
399,758
990
-		 £ NBV £ NBV
413,056
1,260
-
400,748
0
50,000		 414,316
4,493
50,000
875		 4,493
1,530
49,125
(50,000)
(153,991)		 2,963
(30,922)
(127,025)
245,882 259,332
245,882 259,332

The financial statements on pages 4 and 5 were approved by the trustees on:

12/06/2022 And signed on their behalf by:

Sign:

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Sign:
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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE

Notes to the accounts for the year ending 31 March 2021

1.1 Basis of Accounting Policies

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

The Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

1.2 Going Concern

The trustees have prepared the accounts under the going-concern convention; and give the undertaken that the charity shall continue to meet its finacial and other obligations as they fall due.

1.3 Change in Accounting Policy

The accounts present a true and fair view and there are no change in accounting policies.

1.4 Changes to Accounting Estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

2.1 Recognition of Income

The trustees recognise when the income is virtually certain and they can be reliably measured. All membership tithes and offerings and dontaions are recognised in Donations & Legacies. Gift aid reclaimable on donations to the charity is included in the amount received when there is a valid declaration from donors.

2.2 Expenditure & Liabilities

They are included in the accounts on an accruals basis where it is probable there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

2.3 Tangible Fixed Assets: These are capitalised if they can be used for more than one year, and cost at least 300. They are valued at cost and depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Building 2% Straight line Plant and Machinery 15% Straight line Fixtures and Fittings 15% Straight line

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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE

2.4 Taxation

The Church is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes. However the church pays employers NIC/PAYE deducted from employee's pay.

3
Analysis of Income
Donations and Legacies:
Memberhsip General Donations
Memberhsip Special Donations
Gift Aid
Total
Charitable Activities
Rehoboth Children's Home
Tuck Shop
Rehoboth Bible School of Ministry
Total
Other Income Sources
Interest Income
Rental Income
Total
TOTAL INCOME		 YR 20/21
£
106,356
0
28,534
134,890
0
0
0
0
0
134,890		 YR 19/20
£
124,238
0
30,800
155,038
0
1,777
0
1,777
127
0
127
156,942

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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE

4 Analysis of Expenditure
Expenditure in Raising Funds
Pastoral costs
HMRC - PAYE/Pension
Visiting Pastors
Mortgage & Loans Repayment - inc Interest
Insurance Costs
Caretaker/Cleaner Costs
Photocopier Rental Payments
Depreciation
Repairs/Maintenance/Safety
Legal & Professional Fees/Admin
Independent Examiner's Fees
Light, Heat and Water
Council Tax/Domestic Business Rates
Subscriptions/Pulpit expenses
Cleaning Materials/Toiletories
Telephone/Internet
Postage/Printing/Stationery
Bank Charges
Expenditure on Charitable Activities
Travel [Local & Overseas inc hotels]
Evangelism Overseas
Benevolent & Charity Donations
Tuck Shop
Rehoboth Children's Home
Rehoboth Bible School of Ministry
Conference/General Expenses
Separate Material Items
Total resources expended
Net incoming resources		 YR 20/21
43,052
3,074
2,200
16,871
1,513
1,440
1,781
13,568
17,910
920
875
5,556
5,586
12,070
435
3,441
1,580
264
132,136
0
1,320
8,455
0
0
1,100
1,500
12,375
0
144,511
(9,621)		 YR 19/20
43,895
2,769
3,050
43,654
1,246
2,890
2,890
12,038
5,931
350
850
4,039
4,936
3,351
350
3,043
1,200
536
137,018
2,310
500
4,025
0
500
2,120
6,640
16,095
0
153,113
3,829

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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE

5 Tangible Fixed Assets

Movement on the charity's tangible fixed assets were:

Building
Plant &
Machinery
Cost
£
£
At 1 April 2020
664,900
1,800
Revaluation
0
0
Additions -
0
disposals
0
0
At 31 March 2021
664,900
1,800
5.1
Depreciation
At 31 March 2020 (Accumulated)
251,844
540
Charge for year - 31 March 2021
13,298
270
Reduction in value
0
0
At 31 March 2021
265,142
810
5.2
Net Book Value
At 31 March 2020
413,056
1,260
At 31 March 2021
399,758
990
6
Creditors Falling due After 1 Year as at 31 March 2021
Gov'ment Bounced Back Loan -BBL
50,000
Balance on Loans (for new roof)
£26,966
Balance on Mortgage
£127,025
Total Mortgage/Loans
£153,991		 Building
Plant &
Machinery
£
£
664,900
1,800
0
0
0
0
0
664,900
1,800
251,844
540
13,298
270
0
0
265,142
810
413,056
1,260
399,758
990		 Fixtures &
Total
Fittings
PY Adj.
£
£
0
666,700
0
0
0
0
0
0
0
666,700
0
252,384
0
13,568
0
0
0
265,952
0
414,316
0
400,748

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