Charity No 1084528
REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MAJESTY COURT
Financial Statement For The Year Ended
31-Mar-21
Prepared by DTT Consultancy Ltd
REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MAJESTY COURT
Report of the Trustees
for the year ended 31st March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Commission no: 1084528
Registered office:
451 SUNLEIGH ROAD ALPERTON WEMBLEY HA0 4NF
Trustees:
Pastor Kolade Siyanbola Mr Ayodele Emmanuel Mrs Abi Ajibola Pastor Aderonke Idowu - Mosuru Mr Noah Shoyoye Mr Matthew Oladejo
Independent Examiner
36 Daffodil Close Hatfield Hertfordshire AL10 9FF
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust.
Organisational structure
The church is organised so that the trustees meet regularly to manage its affairs. There is a volunteer office administrator, who manages the day to day administrations of the church.
Related parties
RCCG Majesty Court is a member of Redeemed Christian Church of God (RCCG) which has Parishes all over the world. The relationship is governed by an Agreement for common purposes between the Parishes and RCCG.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 1
REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MAJESTY COURT
Report of the Trustees
for the year ended 31st March 2021
FINANCIAL REVIEW
Reserves policy
The surplus for the year amounted to £42,535 with a net asset of £47,754. All these have been unrestricted reserves and no fund is allocated to restricted project. The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets, the free reserves, held by the church should be 3 months of expenditure.
At this level, the trustees feel that it would be able to continue the current activities of the church in the event of significant drop in funding.
Principal funding sources
This is mainly through voluntary tithes, offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.
FUTURE DEVELOPMENTS
The church will continue to explore various ways of spreading the gospel of Christ in an affective manner. The charity is also looking to grow in membership and continue to develop its members to make life - changing impact in society and plant more parishes. We have embarked on a series of communite based programmes to achieve this objective.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with Charity regulations. 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 responsible for the maintenance and integrity of the corporate and financial information included on the charities website.
Mr Ayodele Emmanuel
ON BEHALF OF THE BOARD:
Date: 25th November 2021
Page 2
Independent Examiner's Report to the Trustees of
REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MAJESTY COURT
I report on the accounts for the year ended 31st March 2021
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 43(2) of the
Charities Act 1993 (the 1993 Act)) and that an independent examination is required. The charity's gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of ACCA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under Section 43 of the 1993 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and
-
to state whether particular matters have come to my attention.
Basis of the 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 statements 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
- to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
DTT Consultancy Limited 36 Daffodil Close Hatfield Hertfordshire AL10 9FF
Date: 25th Nov 2021
Page 3
| REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") |
REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MAJESTY COURT | REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MAJESTY COURT | REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MAJESTY COURT | REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MAJESTY COURT | REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MAJESTY COURT | 1084528 |
|---|---|---|---|---|---|---|
| Annual accounts for the period | ||||||
| Period start date | 1st Apr 2020 | To | Period end date |
31st Mar 2021 | ||
| Section A | Statement of financial activities | |||||
| Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) Incoming resources from generated funds Voluntary income S01 Activities for generating funds S02 Investment income S03 Incoming resources from charitable activities S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Programme Cost S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 Total incoming resources Total funds brought forward Total funds carried forward Gains and losses on investment assets Net movement in funds Total resources expended Net incoming/(outgoing) resources before transfers Gross transfers between funds Net incoming/(outgoing) resources before other recognised gains/(losses) Other recognised gains/(losses) Prior year adjustment |
Unrestricted funds Restricted income funds Endowment funds Total this year £ £ £ £ F01 F02 F03 F04 |
Total last year £ F05 |
||||
| 163,555 | 163,555 | 152,875 | ||||
| 41,469 | 41,469 | - | ||||
| 2 | 2 | 3 | ||||
| 4,107 | 4,107 | 8,955 | ||||
| - | ||||||
| 209,133 | - | - | 209,133 | 161,833 | ||
| 146,668 | 146,668 | 146,722 | ||||
| 7,856 | 7,856 | 4,879 | ||||
| - | - | - | ||||
| 12,074 | 12,074 | 10,783 | ||||
| - | - | - | ||||
| 166,598 | - | - | 166,598 | 162,384 | ||
| 42,535 | - | - | 42,535 | 552 - |
||
| - | - | - | - | - | ||
| 42,535 | - | - | 42,535 | 552 - |
||
| - | - | - | ||||
| - | - | - | - | - | ||
| 42,535 | - | - | 42,535 | 552 - |
||
| 5,219 | - | - | 5,219 | 5,770 | ||
| 47,754 | - | - | 47,754 | 5,219 |
Page 4
RCCG - Majesty Court 1st April 2020 to March 2021 Section B Balance sheet
| Fixed assets Tangible assets (Note 9) Investments (Note 10) Total fixed assets Current assets Stock and work in progress Debtors (Note 11) Loan Cash at bank and in hand Total current assets Creditors: amounts falling due within one year (Note 12) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 13) Provisions for liabilities and charges Net assets Funds of the Charity Unrestricted funds Restricted income funds (Note 14) Endowment funds(Note 15) Total funds Signed by |
Note B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 |
Unrestricted funds £ F01 |
Restricted income funds £ F02 |
Endowment funds £ F03 |
Total this year Total last year £ £ F04 F05 |
Total this year Total last year £ £ F04 F05 |
|---|---|---|---|---|---|---|
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 48,253 | - | - | 48,253 | 5,719 | ||
| 48,253 | - | - | 48,253 | 5,719 | ||
| - 500 | - | - | - 500 | - 500 | ||
| 47,754 | - | - | 47,754 | 5,219 | ||
| 47,754 | - | - | 47,754 | 5,219 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 47,754 | - | - | 47,754 | 5,219 | ||
| 47,754 | 47,754 | 5,219 | ||||
| - | ||||||
| - | - | |||||
| - | - | |||||
| 47,754 | - | - | 47,754 | 5,219 | ||
| Signature | Date of approval Print Name |
|||||
| Mr Ayodele Emmanuel | 25/11/2021 | |||||
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RCCG - Majesty Court 1st April 2020 to March 2021 Section C Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities .
1.1 Basis of accounting
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:
- Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);
• and with* a Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);
- and with the Charities Act 1993.
[** except for the following].
Give details in this box if a different standard has been followed.
-
-Tick as appropriate:
-
if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
-
if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick
-
“Financial Reporting Standards for Smaller Enterprises (FRSSE)”.
** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.
1.2 Change in basis of accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year
1.3 Changes to previous accounts
No changes have been made to accounts for previous years
Page 6
RCCG - Majesty Court 1st April 2020 to March 2021
Section C Notes to the accounts (cont)
Note 2 Accounting policies
This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or INCOMING RESOURCES
| Recognition of incoming | These are included in the Statement of Financial Activities (SoFA) when: |
|---|---|
| resources | · the charity becomes entitled to the resources; |
| · the trustees are virtually certain they will receive the resources; and | |
| · the monetary value can be measured with sufficient reliability. | |
| Incoming resources with | Where incoming resources have related expenditure (as with fundraising or contract income) the |
| related expenditure | incoming resources and related expenditure are reported gross in the SoFA. |
| Grants and donations | Grants and donations are only included in the SoFA when the charity has unconditional |
| entitlement to the resources. | |
| Tax reclaims on donations | Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to |
| and gifts | which they relate. |
| Contractual income and | This is only included in the SoFA once the related goods or services have been delivered. |
| performance related grants | |
| Gifts in kind | Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. |
| Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or | |
| distributed by the charity. | |
| Gifts in kind for use by the charity are included in the SoFA as incoming resources when | |
| receivable. | |
| Donated services and | These are only included in incoming resources (with an equivalent amount in resources |
| facilities | expended) where the benefit to the charity is reasonably quantifiable, measurable and material_._ |
| The value placed on these resources is the estimated value to the charity of the service or facility | |
| received. | |
| Volunteer help | The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. |
| Investment income | This is included in the accounts when receivable. |
| Investment gains and losses | This includes any gain or loss on the sale of investments and any gain or loss resulting from |
| revaluing investments to market value at the end of the year. | |
| EXPENDITURE AND | LIABILITIES |
| Liability recognition | Liabilities are recognised as soon as there is a legal or constructive obligation committing the |
| charity to pay out resources. | |
| Governance costs | Include costs of the preparation and examination of statutory accounts, the costs of trustee |
| meetings and cost of any legal advice to trustees on governance or constitutional matters. | |
| Grants with performance | Where the charity gives a grant with conditions for its payment being a specific level of service or |
| conditions | output to be provided, such grants are only recognised in the SoFA once the recipient of the |
| grant has provided the specified service or output. | |
| Grants payable without | These are only recognised in the accounts when a commitment has been made and there are no |
| performance conditions | conditions to be met relating to the grant which remain in the control of the charity. |
| Support Costs | Support costs include central functions and have been allocated to activity cost categories on a |
| basis consistent with the use of resources, eg allocating property costs by floor areas, or per | |
| capita, staff costs by the time spent and other costs by their usage. | |
| ASSETS | |
| Tangible fixed assets for use | These are capitalised if they can be used for more than one year, and cost at least £500. They |
| by charity | are valued at cost or a reasonable value on receipt. |
| Investments | Investments quoted on a recognised stock exchange are valued at market value at the year end. |
| Other investment assets are included at trustees' best estimate of market value. | |
| Stocks and work in progress | These are valued at the lower of cost or market value. |
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RCCG - Majesty Court 1st April 2020 to March 2021
Section C Notes to the accounts (cont)
Note 3 Analysis of incoming resources
Incoming resources may be further analysed if this would help the reader of the accounts.
| Investment income Incoming resources from charitable activities Voluntary income Activities for generating funds |
Analysis | This year Last year £ £ |
This year Last year £ £ |
|---|---|---|---|
| Tithes & Offering | 123,412 | 129,113 | |
| Offering- Yorubaprogramme | 3,758 | ||
| Offerings - Friends of MajestyCourt | 1,645 | ||
| Building | 5,540 | ||
| Gift Aid | 29,200 | 22,307 | |
| Other | 1,455 | ||
| Total | 163,555 | 152,875 | |
| Government Grants - Covid 19 Pandemic | 41,469 | - | |
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| Total | 41,469 | - | |
| Bank Interest | 2 | 3 | |
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| Total | 2 | 3 | |
| Special Donations - Love ThyNeighbour | 4,107 | ||
| Rental donation | 8,955 | ||
| Total | 4,107 | 8,955 |
Page 8
RCCG - Majesty Court 1st April 2020 to March 2021
Section C Notes to the accounts (cont)
Note 4 Analysis of resources expended
Resources expended may be further analysed if this would help the reader of the accounts.
| Investment management costs Programme costs Governance costs Charitable activities Costs of generating voluntary income |
Analysis | This year Last year £ £ |
This year Last year £ £ |
|---|---|---|---|
| Equipment Repairs | 643 | ||
| Salaries | 47,450 | 43,200 | |
| Office Administration | 214 | ||
| Postage,Printing& Stationery | 564 | 901 | |
| Telephone & IT | 3,629 | 3,459 | |
| Adverts& Publicity | 872 | 346 | |
| Training | 250 | ||
| Travel &subsistence | 2,167 | ||
| Rent & Rates | 73,183 | 72,422 | |
| Honourarium | 3,700 | 900 | |
| Accountingfees | 500 | 500 | |
| Bank Charges | 255 | 864 | |
| Bills/Utilities | 1,565 | 3,739 | |
| Hospitality | 1,742 | ||
| Conf & Hospitality | 1,500 | ||
| Church Administrator | 5,300 | ||
| Child & Youth | 200 | ||
| Volunteer | 4,700 | ||
| Equipment | 4,022 | ||
| Repairs & Maintenance | 1,177 | 155 | |
| Cleaning& Waste collection | 1,642 | 1,447 | |
| Other | 364 | 1,124 | |
| Multimedia | 149 | ||
| Professional fees | 4,800 | ||
| Insurance | 1,261 | 473 | |
| Vechicle Maintenance | 257 | 1,754 | |
| Total | 146,668 | 146,722 | |
| Programme Activities | 2,209 | ||
| Conference | 4,289 | 1,520 | |
| Love ThyNeighbour | 3,067 | ||
| Africa Mission | 500 | 1,150 | |
| Total | 7,856 | 4,879 | |
| Total | - | - | |
| Welfare | 1,052 | 1,485 | |
| Donation | 1,255 | - | |
| Evangelism | 328 | ||
| Community | 1,367 | ||
| RCCG Central Office | 600 | - | |
| WEM | 7,800 | 8,970 | |
| Total | 12,074 | 10,783 | |
| Total | - | - |
Page 9
RCCG - Majesty Court 1st April 2020 to March 2021
Section C Notes to the accounts (cont)
Note 5 Support Costs
Please complete this note if the charity has analysed its expenses using activity categories and has support costs.
| costs. | ||||
|---|---|---|---|---|
| Support cost type | Fundraising activity £ |
Charitable Activity £ |
Governance Activity £ |
Total Cost £ |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| Total | - | - | - | - |
Note 6 Details of certain items of expenditure
6.1 Trustee expenses
Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to
| Other fees (for example: advice, consultancy, accountancy Number of trustees who were paid expenses Nature of the expenses Total amount paid 6.2 Fees for examination or audit of the accounts Please provide details of the amount paid for any statutory external Independent examiner’s or auditors' fees for reporting on the |
Thisyear | Lastyear |
|---|---|---|
| £ | £ | |
| scrutiny of accounts and other services | ||
| This year £ |
Last year £ |
|
| 500 | 500 | |
Page 10
RCCG - Majesty Court 1st April 2020 to March 2021
Section C Notes to the accounts (cont)
Note 9 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets 9.1 Cost or valuation
| PA systems and instruments Church van Plant, machinery and motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ Balance brought forward 11,700 - 12,844 - 24,544 Additions - - - - Revaluations - - - - - - Disposals - - - - - - Transfers - - - - - - Balance carried forward - 11,700 - 12,844 - 24,544 Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Rate Balance brought forward - 11,700 - 12,844 - 24,544 Depreciation charge for year - - - - - - Impairment provisions - - - - - - Revaluations - - - - - - Disposals - - - - - - Transfers - - - - - - Balance carried forward - 11,700 - 12,844 - 24,544 Brought forward - - - - - - Carried forward - - - - - - 9.2 Accumulated depreciation and impairment provisions 9.3 Net book value* |
PA systems and instruments £ |
Church van £ |
Plant, machinery and motor vehicles £ |
Fixtures, fittings and equipment £ |
Payments on account and assets under construction £ |
Total £ |
|---|---|---|---|---|---|---|
| 11,700 | - | 12,844 | - | 24,544 | ||
| - | - | - | - | |||
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| - | 11,700 | - | 12,844 | - | 24,544 | |
| - | 11,700 | - | 12,844 | - | 24,544 | |
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| - | 11,700 | - | 12,844 | - | 24,544 | |
| - | - | - | - | - | - | |
| - | - | - | - | - | - |
Page 11
RCCG - Majesty Court 1st April 2020 to March 2021
Section C Notes to the accounts (cont)
Note 11 Debtors and prepayments
Please complete this note if the charity has any debtors or prepayments.
| Analysis of debtors Trade debtors Amounts due from subsidiary and associated undertakings Other debtors Prepayments and accrued income Total |
Amounts falling due within oneyear |
Amounts falling due within oneyear |
Amounts falling due after more than oneyear |
Amounts falling due after more than oneyear |
|---|---|---|---|---|
| This year £ |
Last year £ |
This year £ |
Last year £ |
|
| - | - | - | ||
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - |
Note 12 Creditors and accruals
Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors
| 12.1 Analysis of creditors | ||||
|---|---|---|---|---|
| Loans Trade creditors Amounts due to subsidiary and associated undertakings Other creditors Accruals and deferred income Total |
Amounts falling due within | Amounts falling due after | ||
| This year £ |
Last year £ |
This year £ |
Last year £ |
|
| - | - | - | - | |
| - | - | - | ||
| - | - | - | - | |
| - | - | |||
| 500 | 500 | - | - | |
| 500 | 500 | - | - |
Page 12