THE REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] WINNERS TEMPLE Charity REG.No 1084773 TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021 OSES-BOLE &CO CERTIFIED PROFESSIONAL ACCOUNTANTSITAX ADVISERS & BUSINESS CHARTERED MANAGEMENT CONSULTANTS Unit 4L, Leroy House Business Centre 436 Essex Road Islington London N13QP Tel: 02077042525 Mobile.. 07584075572 THE REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] WINNERS TEMPLE CONTENT Trustees and Advlsers Trustees. Report Independent Examiner-s Report to the Trustees statement of Flnanclal Actlvlties Balance sheet Notes forming part of the Financial Statement 7-18 THE REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] WINNERS TEMPLE LEGAL AND ADMINISTATIVE INFORMATION Genaral overseer: E.A.Adeboye Trustees: Pastor Y Bamgbose Pastor T Eniola Pastor Y Odogwu Pastor A Adesina Pastor M Afolabi Registered Office: 30 Wagner Street London, SE15 1NN Minister In Charge.. Pastor Samuel Oladele Bakare Charity No 1084773 Bankers Barclays Local Business Banking Leicester LE87 2BR Accountants OSES4OLE&CO Certlfied Professional Ac¢ountants and Buslngss Chartered Management Consultants Unit 4L, Leroy House Busines$ C•ntre 436 Essèx Road lsllngton, London N13QP THE REDEEMED CHRISTIAN CHURCH OF GOD tRCCG] WINNERS TEMPLE- TRUSTEES REPORT FOR THE YEAR 2021 The Trustees have pleasure in submitting their report and accounts for the year ended 31 st December 2021. The finanaal statements have been prepared in accordance with the accounting poliaes set out on pagès 7 to 8 and comply with the statement of Recommended Practice {FRS102) issued on the 16° July 2014, and the Chanty Act 2011 applicable law. Ob"•Gtivi and Actlvities The principal objective of the Chanty is the acfvancement of the Christian faith worfdwide and relief of povety The Trustees are delighted to report that the Church Continued to be flourishing spiritually by ministering to rts communrty in the UK. The Church has augmented in terms of membership and is increasingly reaching out to the communty. Achlovements and Parfo ance More focus and greater success We￿ achieved in the area of Evangelism and community outreach. During Chnstmas we provide hampers for some of the less pnvileged people in th8 local area and also sang for a group of elderfy. We held weakly Sunday services for members and also held one for the Child￿n,3 church which has known growlh in the overall number of attendances. The church ha5 suc¢e8sfully organised all the Conferen￿ rt planned to such as the Men conference and the women Conference. Other uplifting activities were also organised throughout the year such as the 'Fun day out for the youth & the Christmas celebration. In 2021 we wer6 able to repair th8 part of the building roof where the reception of the office is located with slate roof. We change the heater l air ¢ondrtion b8¢ause of fire surge in the buildin9. We also replace CCTV rAm8ra and fire alami panel. Futum Develo ents We are planning to involved in Food bank to feed the less privileged and unfortunates of the community. view In ial Position The net incoming resources for the year amounted to £1,104 (Year2020 £25,345) All these have been unrestricted reseThe$ and no fund is allotted to restricted projects. The Trustees have assessed the major risks to which the Charity is exposed, particularly those relating to the operations and finan￿ and a￿ satIsf￿d with the risk management systems in place to mitigate any risk exposure. erve Pollc The trustees have established a policy whereby the unrestricted funds not committ8d or invested in tangible fixed assets [the free reserves] held by the church should be 3 months of annual expenditure. We are confident that with every precaution taken and also considering the pace of growth in the Charrty's operations and finance, we would be able to sustain the current a￿1VitIeS of the church in the event of signtficant drop in funding. Princi l Fundin This is provided mainly through voluntary trthes and offerings by the church mem￿r5 and through gift aid scheme. Pledge5 are also taken for specific projects Structure Governance and Mana ement The Charity is constitut&J under a Trust Deed dated 29th January 2001 and the Charity registration number is 1084773. on the central register of the Charity Commission of England and Wales. Method of A intment or Electlon of Trustees The management of the charity is the responsibility of the Trustees who are elected and co- opted under the tems of the Trust Deed. anlsatlonal tru ure and Docision Makln The church is organised so that the trustees meet regularfy to manage its affairs. Two Ministers Who manage the day-to-day administration of the church and two volunte8rs {Drummer and Keyboardist) Relatèd Pa Relationshi RCCG - Winners Temple is a member of Redeemed Christian Church of God [RCCG] which has Parishes all over the world. The relationship is govemed by an °Agreement for common purposes. between the parishes and RCCG. The members of the Board of Trustses who served during th8 year were.. Pastor Samuel Oladele Bakare Pastor Y Bamgbo8e Pastor T Eniola Pastor Y Odogwu Pastor A Adesina Pastor M Afolabi Approval This report was approved by the Board of Trustees on the and signed on its beha￿ by.. Secretary to the Board Of Trustees MOSES-BOLE & CO Proie>sion&i ACCOUntants and bU￿rrer- Man39ernent Consultanrs INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES D CHRIS HUR GOD RST I report on the accounts of the charity forthe year ended 31LST December 2021, which are set out below and notes to the financial statements on pages 7 to 18 Respective responslbilitles of Trustees and Examlners As the Charity's Trustees, you are responsible for the preparatlon of the accounts; you consider that an audit is not required for this year (under sÈctlon 14412) of the Charity Act 2011lthe 2011 act) and that an independent examlnatlon is needed. It is my responsibllity to Examine the account lunder section 145 of the Act): follow the procedures laid down in the General Directlons 8lven by the Charity; Commlssion (under section 145151 Ib) of the 2011 Art and State whether particular matters have come to my attention. Basls of Independent Examinerfs report My examinatlon was carried out In accordance with the general dlrettions glven by the Charity Commission. An examination Includes review of the accounting records kept by the Charity and a compar150n of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and 5eeklng explanations from you as the Trustees concemlngany such matters. The procedures undertaken do not provide all the evidencethat would be requlred in an audlt 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 Examinerfs Statements In connection with the examinatlon. no matter has come to my attention:. 11 Which 8ive me reasonable cause to believe that in any materlal respect the requirements To keep accounting records in accordance with section 130 of the 2011 Act,. To prepare accounts whlch accord wtth the accounting records and t complywr(h theaccountlng requirements ofthe 2011 Act have not been or 2) To which, in my opinion, attention should be drawn in order to enable a proper understandin8 of the accounts to be reached Moses O E Igunnubole, BA (HONSJ FAI4 FCPA FF4 FIP4 Ff4 FIC CPFA.. Managlng Portner MOSES-BOLE&CO Chartered Certified Forensic Accountants Certified ProfessionalAccountants/fuxA And Business Chortered Management ers Itonts DA TE.. I b_oq-2021. Tell +4411TI 20 7704252? Ern*l Fax K44410I207354I135 Web.. v.mos￿-brle￿fj￿ 436ESSEXRoad. Ww0tLLon￿Nj 3QP THE REDEEMED CHRISTIAN CHURCH OF GOD[RCCGJ_WINNERS TEMPLE STATEMENT OF FINANCtAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021 R8Stricied Inwme End0wm￿t Fu￿8 Fur￿8 Notes F￿18 Total Funds Ye&r FunL R•comm•nded categorf•s by actlvity Incomlng r•sour¢es Income and endowments from: Donations and legacies Charitable activrties Total Resourcgs oxp•nded Expendlturo on: Direct Cost Support Cost Gov8man¢e Cost Total 198.038.57 198,038.57 191,453 198,038 57 198.038.57 191,453 120,822.51 74.157.42 1,955.00 196.934.93 120,822.51 74.157.42 1,955.00 196,934.93 79,914 84,239 1,955 f 66.108 N•t movemont In funds 1,103.64 1.103.64 £ 25.346 Reconcillatron of funds: Totsl funds brougtrrt fo*ward Net movement in funds 85 shown alJ)ve Total funds carrlèd forward 313,643.38 1.103.64 314,747.02 313.643.38 1,10364 314.747.02 288,298 313,643 THE REDEEMED CHRISTIAN CHURCH OF GODtRCCGJ-WINNERS TEMPLE BALANCE SHEET AS AT 31ST DECEMBER 2021 Restrict8d Endow- incm ment Fund5 Funds Nots$ Unrestricted Funds Total Last Yea Total Funds Fixed a￿ts Tangible assets Total fixed assèts 300 142.11 300 142.11 8[￿ 142.11 287,188 300.142.11 287.188 Current assets Cash at bank and in hand Total current as88ts 10 19,224.91 19,224.91 19 224 91 19.224.91 30,880 c￿ltors". amounts falling due wthin 1 ￿ar 4,620.00 4,620.00 4.425 Net current 8sse1511liabilEti-881 Total as58ts16s5 ¢urr8nt Ilabilit 14604.91 14,61M.91 26A55 Croditors." amounts falling due after 1 year Provi$ions for liabilitie5 Total net 88$8ts or liabilities 314.747.02 314.747.02 313 643 Funds ofthe Charlty Unrestri(*ed funds Rwaluation reserve Totsl fund8 314,747.02 314.747.02 313,643 314.747.02 314.747.02 313 643 Signed by ¢)n6 or tsvo trustees on bahalf of all th• tru8tees.' Signature" Date of 8pproval.. Print Na￿". P4. O. THE REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-WINNERS TEMPLE NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021 Note 1 Ba*1• of pr•paratlo 1.1 Ba￿5 91 ac¢ountln9 These accounts have b8•n pwared underthe hiBtorfcal cost l)mVent￿ WFth items rewnlsed at cost or transaction value unless otheM5e stsled in the ￿leVant notel$} to these a￿oUnt$. The accounts have been prepared in accordance ￿ thè FinarKAal Rèportin9 Standard appticab n the UK and Republ￿ ol Inland IFRS1021 ￿sUe>>Jnth19 pJlk*t adopted ￿lIned ' the note with no chang8 In poli 1.4 Chang•• to accountlng ••tlmat•• No changes to accounting 98llmate8 have occurred In the r•wtlNJ porlod13.46 FRS 102 SORPI. 1.5 M*t•rlal prlor y•ar •rr•r• No matertal prfor ygar eThor hav8 been wJendfi8d kn the repjtng (3.47 FRS 102 SORP). THE REDEEMED CHRISTIAN CHURCH OF GOO-WINNERS TEMPLE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 ST DECEMBER 2021 Accountlng pollcl Noto 2 2.1 RECONCILIATION IVITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE There 18 no cl*nge in acc￿ntIng pollcy in this wiod 2.2 INCOME This standard list ot a¢o)unling polide8 ha8 be8n appl￿ by the charity exc8Pt for those ticked No c* "Nla.. Whem a drfferenl or additKJnal policy has been a¢Jopfrd then this is detaiw in the box be+ow. R•co9nltlon ￿ Incom• Thes& are included in the Slalement of Financyal Athuo8 (SOFA) ¥h￿n.. . th& Charity become$ enthjed lo the ros￿[ca8., . rt is mole lik&ty than not that th8 trust998 ￿11 receive the resource8'. 8nd . th8 mon*tsry value ¢èn be measur0<1 *ith Su￿ent reliabilty. Offmttlng There ha8 b••n no offseth'ng olass•ts and liabilth8. or incomo arKI axpen8•8. Grant• and don•tlon• Grants and donation8 8r8 onty indL•Jed In th* SOFA ¥th•n the g•neral income Teo)gnitK*n crlt•ria gr• met15.10 to 5.12 FRS 102 SORPI. In the case of performance related gyants. rnts)m8 mLtsl only be recognlsed to the exlent that ihe chaiity has provid$d the 8pe¢rfied goods or services as entrtl•ment to tho grènl only ¢xcurs when the performance related conditions are met15.16 FRS 1tr2 SORPI. L•ga¢l•s There 18 no 18gaw recew durir4J thi8 pedod. Gov•mm•nt or•nts No govornrn8nl grant wa$ rec•Ned durfng thi8 ￿0d. T•x r•cl•lm• on donatlon• and g1ft• Grft Aid recelvable is indudet1 in incom8 when there 13 a valid dedaralp)n th8 doThy. Any Gfft Aid amount recoverg<1 on a dOnatic￿ 18 consHlered to be part of tho1 grfl 8nd 18 treatéd a$ an addrtlon to the same fvnd a$ the Inrtial ¢Jonatkn unle38 the donor or the temis of the apped have Specif￿d otherwise. contractual Incom• and p•rfornwK• r•l•l•d 9rnnts This is not 8pplicable Donat•d 9ood• Ther• is no donated good. Don*t•d Mrvlc•s and f•clllll•• Donated services and 18cilitie8 a￿ Indu(led in the SOFA when rec￿8￿ at the value of trte gift lo the charity promdad the value of the gift can bè mea$ured ￿lIa Donated seNitXS 8nd facilities that are consumed immedialety ar# rwnised as irwrne ¥rith an equivalent amount recognised as an exp¢nso under the apFW"ate hoading in the SOFA. Support co•ts The ch¥rity has incurred eypenditure on support costs. Volunt••r holp The value ol any voluftlary help receNed is not induded in ￿ ac0￿nts but is desMbed in the Iru$lees' annual report. Incom• from Intsr•sti royaltlgs and dMd•nds Not applicable during this penod. Incom• from m•mb•rshlp $ubKrlptlons rithes and offenng received from the members are in the nature of a are rwnised 88 Donations. and Legaoes 8•ttl•m•nt of In•uMn¢• ¢l*im• Insurance d8ims 8re only induded in the SOFA 7•than tha ger￿rnI Inc<)me re¢C9n￿on ¢yileria a mel15.10 10 5.12 FRS 102 SORP) antj indth as an item of other incc¥ne In the SOFA. Inv••tm•nt galn• •nd IMs•• Thi8 includes any realised or unieali8ed gains or losse8 on the sale of irwesthwjts and any gain or loss rewjhing Irom maluing investments to market value at the end of tha year. 2.3 EXPENDITURE AND LIABILITIES Llablllty r•coonltlon Liabilities are recogni8ed it 1$ more likely than ntst that t￿ 18 8 W orconstructlv• obll9alion committing the chanty lo pay ryjt resoufCe8 8nd awnt of the obllgalion can b8 rneasured wrth r8asonable certainty. aov•rnan¢• and support cmts Support co$18 have be¢n allocated beh¥een govemantx costs ot￿r 8LlPPOrt. Govemance cost8 comprise 811 costs involving public accountability of the charity and its Complian￿ regulth'on ond good practice, Support costs indud8 ￿1 fiJnc*on8 8n(I have been allocated to 8CtMty e81egon.es on a b8W8 consistent with thè use of resourc8s, eg allocating property ¢08t8 by ffoor area$. or pgr caprta. staff ¢08t$ by th• lim• $pgnl and other ¢08ts by thglr usage. Gr•nl• wlth p•rfomb•ne• condltk• The Chartty 1$ not awardlng grant lo any organlsgtion Orants payabl• wlthout p•rf•rnwnc• VVh¥re there arè no condllions attaching to the grant that engble8 the dorK)r chwity to realisticalty avoid the cornrnilmenl. a Irabilty lor the fvll ftbn(JiTrJ ot4igation be rnctsJnr&￿. R•dundan¢y C￿1 The charity made no redundancy payments durirKJ the r¢porting FWIQJ. D•t•rr•d Incom• No material item of ¢JeferretJ income ha8 twi Induded in th8 ac¢Aunts. Cr•dltor* The charity has creditw whith are measured 8t setllemanl amoty7ts1888 any trad8 di8counls Provlsions for Il•bllltl A liability 18 measured on rè)st at knst They are valued at cost. The depreoalion rates and u8ed are dOsdo*J in note 7. Intanglbl• fix•d as¥•ts The charity has no intangible fixed 8S6ets. that is. non-monetary asset8 that do not have phys￿1 substance but are idenltfiable and are o)ntrolkd by the cwy through custody orlggal rights. The •mortisatFon rates and meth¢)ds u8ed are di8ch)3ed in note 7. Thèy ar& valued at cost. Merftag• *¥Mts The charty has no herrtage assets. that 18. non-monetary assets wth histor￿, artistic, sci&ntffic, lechnologic81, g8ophy5ical or environmental qual1￿9 Ihat are hek1 ènd maintained prin&pally for their contribution to kno￿edge and culture. The depreciab.on r8tes and methods Used as dlsdosed in nole 16 is not applicable during thi3 period but rfavailable they are valu•d at o)8t Inv•stm•nt• Fixed a$sel investment$ In quoted shar08. tradthj bonds and 8lmllar InveStr￿lS are valued 8t inthally al cost and 8ubsequ¥ntty al fair valug (their mathet value) at th8 year end. Th¢ sam8 tre81menl 18 applled lo unllsled inv8slmenls unl•88 f¥ir valL* Cann￿ be m￿Sure￿ TelioUy in vA)Oth tsso 1118 measured at co$l18ss impairmeni. Investments h*ld for resale or pending thw"r 8a1• and c88h e88h 8quNal•nts wtth a maturfy dal• of le8$ than 1 year ar8 treated as current a88•1 investmont8 D•btor• Debtors lincliKling trad8 debtoxs and loans receivabje) ar¢ rne8$ured on initial re¢ognth"on at Settlement amount after any Iradg discounts or amount advanced by the charity. SUt￿qU￿niiy, they 8ra measured 81 the ca8h or othw ￿nsid￿rat￿)n exp8C4ed to be r¢cwvod. Curr•nt aM•t InvMtm•nt• The d)arity h86 haB investments which Il hol¢Js for fftalg or pending th￿r sale and c4$h and cash equivalonls with a maturrty dat¢ less than one yeai. These indude Cash on deposit and cash eqUiV8ltrnts wlh a maturity d8le ol less Ihan onè year hdd for Investme￿ W￿1$e$ raiher than to maet short 18rm ¢a8h ¢ommrtments as they fall duo. They aro valueil at f8lr value ex¢ept wher8 they qualrfy as b88ic financ¥al instruments. POLICIES ADOPTED ADDITIONAL TO OR DIFFeAeMT FROPA Thosa A￿Ve There is no any other policie$ adopted. THE ReDEEIAED CHRISTIAN CHURCH OF GOCkWINPIERS TEMPLE NOTES TO THE ACCOUNTS CONTINUED Mot• 3 FOR THE YEAR ENDED 31ST DECEMBER 2021 An•lys65 ot Jncom• AMJY Prlor Don•tkn¥ Wi DonalYJity and grfl8 Gift Ajd Thanks0￿1n9 ildir#J Fund• Fund• Fund• Funds Funds 161,(K)8. 34.650.11 181.008 96 34fi50.11 152.749 38,696 Total 2.379. 198.038.57 2.379.50 198,038.57 191,45J Ch*rlt•lA• attl¥ltt TOTAL INCOMe 198,03J. 198.038.57 191,483 Oth•r Jnlwn•tlMI All lfvcoM• ITr th• prlw y••r wwMtrlct•d •x¢•pt f•r. Ipl••w pvrfd• d••erfp¢kn *nd bThthln ih• Inconb• It•rn• al￿• th• follawkng It•m• *• n*t•rt•l¥ Ipl••M 411KI•M th• Tr•tsr•i •mount and •ny y•ar •mw¥ts).. WOM• THE REDEEMED CHRISTIAN CHURCH OF Go￿￿NNERs TEMPLE NOTES TO THE ACCOUNTS CONTINUED Noto 4 FOR THE YEAR ENDED 31ST DECEMBER 2021 Anatysls of •xp•ndilur• AMlysl$ ol •xp•ndltur• Re¥trrctrd Unre•trleted income EndoMn•r Total Fund* Fund• Fund• Fun) 7,507.32 275.CK) 5.248.39 3.450. 12,503.15 2,000. 45.595.00 14.191.C 650.00 3.085.20 23S.00 3.240.Q) 19,1)30.94 3.085 20 235.(Kl 3.240.tXI 19,¢)30.94 120 822.61 SUPPORT COST Cleaning & Pest Control Donati￿￿, Glft¥ & SubJcn"Pbon• Water Rate Media Ex￿￿8 Secunty Repairs. rnBintena￿ arvj R•r*wa Prtnting, Postage and Stality)ary Tolephon Cornput$r Cosu ITISth4ar• Exp•ntse8 In8urancWParkinglLi￿nC TransFOrt & Trav•1 Exp•ns Consultancy services AdVan￿M￿nt and Prcffto Bank Char9es Refreghment 4nrJ EntertaNirr%ryrt Depreciation E￿ctricity. Ga¥ .F￿1 and Oil Manse IAccornmtyJatKJnl Covid-19 EApgnaes Fuel & Motor xpens• Equipment Expensed Hall Rents 120.822.61 79.914 912.65 3.105.LXI 292 31S.CO 120.( 10,610.45 1.788 28 2,238.82 228.00 4,184.65 7,104.28 1.8CO QJ 210.ch) 1.￿28 93 1,W66 9.011.88 2.845 S6 23,952.72 912.65 3,105.00 292.86 31S.00 120.00 10,610.45 1,788.28 2,238.82 228.W 4,1B4.65 7.104.28 1.600.Q) 210.00 1.028.93 1,S68.68 9.011.86 2,845 56 23.952 72 585.99 2,017.19 105. 331.52 1.619 2,092 2,115 2,263 9,760 4.3C 2,793 1,77S 2.254 11.194 857 2,151 1.168 4,694 5.336 ?9,953 1,588 2,017.19 105.00 331.52 1,159 1,394 T4,167.42 74,157.42 84.239 TOTAL ZXPENDITURE 194.979.93 194.979.93 164.153 12 THE REDEEMED CHRISTIAN CHURCH OF GOD-MNNERS TEMPLE NOTES TO TrIE ACCOUNTS CONTINUED Note 5 Detalls of ¢•rtalTr It•m¥ o1oxp•ndttu 5.1 Fees for examination olthe acwunts Pl8as8 prowde detai15 01 Ihe amount for any ststutory •x*md yJubny ofact¥)unts ott 86rvice5 provided by your ind8p8n¢J6nt examimr. W nothiThJ w4¥ pka59 in the apprcpriate boxl951. GoveRNANCE COST FOR THE YEAR ENDED 31ST DECEMBER 2021 ThIB Y•ar La•tYoar Independent exami￿￿5 fees L9gal & Professional F8￿subScripts"tsn Assuran￿ 8eMces other than aLKlit Dr o¥Amination 610.cqj 610 T8x advisory 108$ Other fees Ifgr examplD.' flnancial advic8. Ce￿urtancy, act￿n￿nty 8ervTts• Bookkeeping p8id to Ihe ind8p•ndent &X8minef 1.345 1,345 1.956.IXI 13 THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS TEMPLE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2021 Noto 6 Pald •mploy••s Please ¢omplete this note rf the charity has any em￿oYees. 6.1 Stsff Costs This Year Last Year Salaries and wages Social security costs Pension costs (defined Other employee beneffts Total staff costs 69,547.72 19,030.94 3.240.00 23,859 8.673 5,680 91,818.66 38,212 Please provide details of expenditure on staff working for the charty whose contra¢ts are with and arè paid by a related party Please give details of the number of employees vthose total employee beneffts (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there ar8 no such transactions, Pleas8 enter Irue. in the box provided. No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60.000 Band £60,000 to £70,000 to £80,000 to £90,000 to £100,000 to Numbèr of employoa8 NIL NIL NIL NIL NIL 14 THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS TEMPLE NOTES TO THE ACCOUNTS CONTINUED Not• 7 FOR THE YEAR ENDED 31ST DECEMBER 2021 Tanglbl• fix•d •M•t• Freehokl rand & rnaehlnery Fixtures & Computor & , & motor Egulpmont h￿IC ffttlngs Total At the beginniro olth• year 273.1C6.58 23,744.28 34,091.32 330,942.18 Addrtions 14.132.22 7.833.75 21.965.97 Disposa18 At end of tho y8aT 273,106.58 37.876.60 41.925.07 362,908.15 7.2 D8pr•clatlon and Impalnn•nt• "Ba818 Frgehold Propety Motor V•hic Flxtvr•s & Frtty'ry8 Church Equipment Comwter E uIprr￿nt 2S% 25% 25% 2S% R￿ucIng Balance R&JuciryJ Balan¢4 R•Juc4ng 8alance Reduo BalarK• ' Rat• At b8glnning of tha year Disposals Dep￿clatIon Impaimient Transfer8. (Add or Oeductl At tsnd ol the y•8r 15,292.28 28,461.9) 43,754.18 5.846.1 3,365 80 9.011.88 20.938 34 31,827.70 52,766.04 7.3 Net book v8lu¢ Ntst book valu8 at th8 tJeginniNJ of Yr. Nel b>Jk v•lue at th8 •nd of the y 273.1(6.58 273.108 8,452 16,938.16 5,829 42 10 097.37 287.188 00 3(￿,142.11 7.4 Impalrm•nt Pl•a8e provide a description ofthe e%*nts and Ihat rwj to IJ* T•(>>Jn￿0n or I•V8rg81 of Sn irnp8imi•nt Ioss. 14.6 Revaluatl¢>n 11 an I¢￿Unting policy of revaluatkgn 18 adW•J, p1•38e pThvJe'. tha ?ff8ctlve date of the r•¥aluth'on tho nwt7• of ind•peThJent valuer. rf applicab thè m•thod8 8Fpll•J and wnifK•rrt a8JurnptiG the carrying •rTh)unt that would ha￿ be￿ rwnt5&J h*J th? ast•ts b8¢0 cam•J under Cost mcé•l. 14.0 Other dh¢lo•ur•• lil Please stato the arnount of borrwng costs, rfany, e•&¥talW in the con¥truction of tsrgible Ilmd as*t8 and the ¢4PrtaliBattr rats us8d. lill PPeas¢ provKle the arn¢)unt olccfitr#ct￿l for the a￿u￿tion ofkngd)b fLX assets. liiil Details ofthe èxp8tence and carryiry arnounts ofprwrty. Want aThl •quywrt to whjc* charty has resln£tsd t￿* or that ats as 8ecunty l￿bIlit￿>. ' The'lrangfer3" row is for rnoven*nts ￿tWeell fixed asset c8Wor ' Please Indic8te the method of deFwatK)n by deknThJ Ihe not Apph"￿ts￿ ISL- straight line.. RB = re(lu¢ing baLryn￿l. Also p￿ase indicate the rate of der¥Baab"on. frjr straigm line. vknat 18 the anticipatsd life of the 8S8et lin year8}", for balqnct, vth* is the peT￿nts9e annual eduction. 15 THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS TEMPLE NOTES TO THE ACCOUNTS Not• 8 CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2021 ¢Yedltors and accryals Please complete this note rf the charty has a)y creditors or wuals. 8.1 Analy858 of crgdltors Amounts falling due within year Amounts falliNJ due after more than one year Accruals a￿1 deferred income Others Total 4,620.00 4,425 4.620.00 4,425 16 THE REDEEMED CHRISTIAN CHURCH OF GoD-￿NNERs TEMPLE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2021 Not• g Provislons for Ilabllitles and ¢hary Please complete this note rf you have Fnduded in charrty expeThYiturg any prO￿810n5. A provision is made ￿en the charty has a liabilty of uncertain timing or arnounL 9.1 Plo4•0 provlde: brief da￿pt￿)n of any obligations on the balance sheet aThJ the exFe¢ted anhjunt and timing of resufting paym8nls'. . an indicalion of th& uncwtainknes about the amount or limH¥ of th08e wtnm.. arthJ . an indicatlon of lh8 uncertainties aboLrt th8 amouth or timir¥J of those ouffi¢yK4,' and . tha èmount of any trxp•ct￿ TeimbuT8•ment, stating tho amwnt of any 888•t that ha$ been ra¢¢gn18ed for tho1 expectad reiMbUrn￿enl. 9,2 Mov•m•nts In r•cognlMd provl¥lon• and fundlng ¢Nimltm•nt durfng tho p•rlod Th1• Y•ar Lo•t Y••r BaLgn¢e at the start of the reporting perfod Amounts addad in currenl period Amounts charged again81 the provision in tho oirrent period Unused amount8 reversed durir¥J the perifyj 8#lance At the ond of the repNtlng p•rk41 9.3 For any funding commrtm8nt that Is nol recognisod 88 8 liability or provj8jon, provide details of ¢ommilm&nl made, the lime frame of that ￿mmItMent. any ￿rformanCe￿Ialed o)ndits'ons and details ot ht)w t￿ commitrnent vhll b• thjnded (V*ith o)rrtr8¢ts for¢apitsl exwndrture separntoly Identified). 9.4 Wher¢ unr88trfctgd fvnds hove been designated lo a fvnd commtlmenl, ple08e di8ckn• the noture of any amounts d&8ignaled and the likely timing of that exp8ndrtur•. 17 THE REDEEMED CHRISTIAN CHURCH OF GOD_MNNERS TEMPLE NOTES TO THE ACCOUNTS CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2021 Not• 10 Cash at bank and In hand Thls Year Last Year Short tem) deposits Cash at bank and on hand Tolal 16.996.96 2,227.95 19,224.91 26,358 4,522 30,880 18