THE REDEEMED CHRISTIAN CHURCH OF GOD
SALVATION THEATRE
BIRMINGHAM
FINANCIAL STATEMENTS FOR THE YEAR ENDED
DECEMBER 2020
Reg. Number 1090070
THE REDEEMED CHRISTIAN CHURCH OF GOD (SALVATION THEATRE)
INDEX
| Content | Page |
|---|---|
| Index to the content | l |
| Trustees report | 2-5 |
| Accountants Certificate | 6 |
| Income and Expenditure Account | 7 |
| Balance Sheet | 8 |
| NotestotheAccount | 9-11 |
|
Trustees’ Annual Report and Accounts for the year ended 31st December 2020
Charity Information
Trustees
Dr Kehinde Fatosin (Chair) Mr Simeon Oluwasanmi Dr Gabriel Oludare Mr Gbenga Amoshe (Secretary) Mrs Caroline Adebayo
Church Address:
58a Westminster Road Handsworth, Birmingham B20 3LJ
Phone: 0121 274 0078 Fax: 0121 515.2125 E — mail: info@salvationtheatre.org Website: www.salvationtheatre.org
Pastor in charge: Dr. Tunde Lawal
Church Office Staff
Church Secretary: Gbenga Amoshe
Bank
HSBC Bank PLC
Accountant
Topson & Co
Charity Number: 1090070
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Trustees’ Report for the year ended 31° December 2020
Aims and Objectives
The pastor in charge of the Redeemed Christian Church of God, Salvation Theatre and the board of trustees administer the charity and have the responsibility of promoting the mission of the church in the area of pastoral care, evangelical mission, social and welfare of members and worshippers. The details of the church mandate can be found on its website.
The pastor in charge and the trustees are also responsible for the maintenance of the church building at the Westminster Road
The charity gives support to enable people to live out their faith as part of our community mission work through:
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e Worship and prayer, learning about the gospel and developing their knowledge and trust in Jesus Christ
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e Promotion of pastoral care for people worshipping in the church e Missionary and outreach work
Objectives:
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e The church holds a regular service on Sundays at the Westminster Road centre e Midweek services are held on Tuesdays and Fridays for prayers and bible study, and other days as arranged by the pastor.
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e Members of the church meet as small cell groups in the community for[fellowship,] bible study and prayers
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e Regular prayers for the community and evangelism are also held e Counselling session for members of the church and non-members who embrace Christian doctrine is carried out by the pastor in charge
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_e Youth activities — aimed at engaging the youth in the church and community
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e Special services — Healing and miracle crusades and seminars e Welfare activities — to cater for the need of the people in and outside of the church.
Activities during the year
The charity is committed to ministering to the needs of various groups within and outside its locality. The charity provides opportunity for manpower, education, social and spiritual development of the various groups.
The charity was able to meet the needs of the various groups at the following forum:
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e Children ministry for ages 4 — 12 years: Children within this group meet weekly and taught at Sunday schools about Christian values
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e Youth ministry ages 13 — 18: The church organises monthly youth programme called ‘Connect’ in order to reach out to youth in the church, community and Birmingham city. Normally, the youth also organise a programme called ‘Transform Me’ which is a yearly youth event organised for the youths. The vision of this event has been to bring together young people all over the city under one roof, to worship and to seek God regardless of colour, race, gender and nationality. Since its inception three years
5
ago, the attendance has grown from about 70 to almost 200 (mostly new youths). The impact has been salvation, renewed mind, renewed commitment to God and a good environment for Godly interaction to blossom. However, due to the pandemic, the event could not hold during the year
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e Singles’ Fellowship - men and women over the age of 21
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e Men's Fellowship — married and single men e Women’s Fellowship — married and single women e Elders’ Forum — men and women over the age of 50
The year 2020 as we all know, had been a challenging one for everyone due to the pandemic and the eventual lockdown of the nation. So, it was a bit difficult for the church to carry out its usual outreach activities. Consequently, all our programmes were held online via zoom.
However, the church was able to meet the needs of its members during the pandemic by providing basic food items and dropping them at their homes. Besides, at the beginning of the last quarter of the year, the church started a new programme called the “Soup Kitchen”. This focused on providing food items to meet the needs of the people in the community. People can come for a cup of tea and sandwiches while also getting packed takeaway bags of different food items including fruits. This programme has been a success and still ongoing.
The church continues to engage in meetings with some community leaders as part of our efforts to support the community.
Other regular programmes in the church include:
Tuesday (5.30 — 7.15 pm) — Bible study where we meet to dig deep into the bible teachings, and this is led by the pastor and other ministers as instructed by the pastor.
Friday (5.30 — 7.15 pm) — Evening prayer meeting
Sunday (10.30 am — 12.30 pm) — The church meet for Sunday worship service for regular and new members.
Monthly programme — The church holds an overnight prayer meeting (night vigil) once a month from 9 pm — 12 midnight.
Building & Facilities
The church building on Westminster Road continues to accommodate all services conducted throughout the week, but as mentioned earlier, these services were held online for most part of the year.
The pastor in charge and the trustees continue to oversee the maintenance ofthe building, including minor repairs and renovations.
During the year, the pastor and the trustees agreed to embark on the construction of a new church building project which includes the main church auditorium, an event centre and a residential block of flats. Preliminary work had started in relation to this project.
4
Management and Governance
The trustees, in collaboration with the pastor, have considered and assessed the risks to which we are exposed, in orderto minimise such risks to members and non-members who regularly use our facilities. Health and Safety checks are done regularly, and we strictly adhere to the government guidelines on safeguarding of children and vulnerable adults.
The trustees are responsible for ensuring the keeping of accounting records which disclose with reasonable accuracy at any time, the financial position of the charity. They also ensure that the financial statements comply with the Charity Acts 1993.
The trustees are also responsible for ensuring the safeguarding of the assets of the charity, and have ensured that necessary steps are in place for the prevention and detection of fraud, errors and other irregularities.
Appreciations
The trustees express their appreciation to all the members and the non-members of the church who have contributed in many ways to the smooth running of the church particularly during the difficult times of the year.
Whilst appreciating the honour and privilege to serve, the trustees particularly appreciate the selfless service and leadership of the parish pastor, Dr. Tunde Lawal, which has contributed immensely to the progress of the church.
Approved on behalf of the Board of Trustees
SIQNEG: scscsacncernevven MT ALOBIM, copay cere rsreerernnactanenennanvnnpe n eithsa Date............07/09/21......
Dr. Kehinde Fatosin (Chair)
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Signed oe 277sy 297~ AdsSOM
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Mr Gbenga Amoshe (Trustee & Secretary to the board)
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THE REDEEMED CHRISTIAN CHURCH OF GOD (SALVATION THEATRE) ACCOUNTANTS CERTIFICATE FOR THE PERIOD ENDED 31st DECEMBER 2020.
In accordance with instruction given to us, we have prepared the Annexed Income and Expenditure account and balance sheet under the historical cost convention, using the accounting records; information and explanation supplied to us by the trustees, and certify that they are in Accordance there-in.
Topsons & Co 280 Camberwell Rd London SE5 ODL
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THE REDEEMED CHRISTIAN CHURCH OF GOD - SALVATION THEATRE STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 DECEMBER 2020
SUMMARY INCOME AND EXPENDITURE ACCOUNT.
| Notes | Unrestricted | Restricted | 2020 | 2019 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| INCOMING RESOURCES | |||||
| Donations | Z | 170832.96 | nil | 170832.96 | 190718.57 |
| Other voluntary income | 3 | 7953.64 | nil | 7953.64 | nil |
| Income from gift aid | 4 | 20732.30 | nil | 20732.30 | 34170.63 |
| Income from investment | 5 | 25.45 | nil | 25.45 | 19.03 |
| TOTAL INCOMING RESOURCES | 199544,35 | 0.00 | 199544,35 | 224908.23 | |
| RESOURCES USED | |||||
| Grants | 6 | 30220.90 | nil | 30220.90 | 30909.51 |
| Direct parish expenditure | iL | 146235.88 | nil | 146235.88 | 176664 ,64 |
| Administration | 8 | 2588.59 | nil | 2588.59 | 3048.26 |
| TOTAL RESOURCES USED | 179045,37 | 0.00 | 179045,37 | 210622.41 | |
| NET INCOMING RESOURCES | 20498.98 | 0.00 | 20498.98 | 14285.82 | |
| BALANCES B/FAT BEGINNING | 14 | 365795.09 | nil | 365795.09 | 351509.27 |
| OF YEAR | |||||
| BALANCESCARRIEDFORWARD | 386294.07 | nil | 386294.07 | 365795.09 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD - SALVATION THEATRE
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BALANCE SHEET
AS AT 31 DECEMBER 2020
Notes 2020 2019
£ % £ £
Fixed assets
Tangible assets 11 446314.86 473104.48
Current assets
Cash at bank and in hand 41668.19 24687.92
Debtors
41668.19 24687.92
Creditor: amounts falling due
within one year 12 1700.00 1700.00
Net current assets 39968.19 22987 .92
486283.05 496092.40
Creditors: More than one year 13 99988.98 130297.31
Net total assets less total liabilities 386294.07 365795.09
Funds
Restricted funds 0.00 0.00
Unrestricted funds 386294.07 365795.09
Total funds 386294.07 365795.09
Approved by Trustees:
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Mr Gbenga Amoshe
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THE REDEEMED CHRISTIAN CHURCH OF GOD - SALVATION THEATRE NOTES ON FINANCIAL STATEMENTS For the period ended 31st December 2020
1. Accounting Policies
The financial statements have been prepared under the historical cost convention, and in accordance with the statement of recommended practice, accounting and reporting by charities (SORP) issued in 2005, applicable accounting standards and companies Act 2006.
| 2.Donations | Unrestricted | Restricted | 2020 | 2019 |
|---|---|---|---|---|
| Funds | Funds | |||
| £ | £ | £ | £ | |
| Tithe Offering & Offerings | 170832.96 | nil | 170832.96 | 190718.57 |
| 170832.96 | 0.00 | 170832.96 | 190718.57 | |
| 3.Other voluntary income | ||||
| Others | 7953.64 | nil | 7953.64 | nil |
| 4.Income from gift aid | 20732,30 | nil | 20732.30 | 34170.63 |
| 5.Income from investments | ||||
| Investment income | nil | nil | nil | nil |
| Bank interest received | 25.45 | nil | 25.45 | 19.03 |
| 6.Grants paid | ||||
| Missionary and charitable givings | £ | £ | € | £ |
| Recg central office | 960.00 | nil | 960.00 | 960.00 |
| FOL | 960.00 | nil | 960.00 | 500.00 |
| Other Mission & Charitables | nil | nil | nil | nil |
| Recg Parishes | 900.00 | nil | 900.00 | 960.00 |
| WEM | 27400.90 | nil | 27400.90 | 27722.56 |
| Region/Province | 300.00 | nil | 0.00 | 766.95 |
| 30520.90 | Nil | 30220.90 | 30909.51 |
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.
| 7.Direct parish expenditure | € | £ | z | £ |
|---|---|---|---|---|
| Ministry: | ||||
| Honorarium | 7827.60 | nil | 7827.60 | 26523.58 |
| Wages & Salary & tax | §6435.38 | nil | §6435.38 | 2446.94 |
| Resident Pastor (Thanks giving) | 6424.50 | nil | 6424.50 | 1679.00 |
| Church - running cost: | ||||
| Mortgage Interest & Other loan | 3441.45 | nil | 3441.45 | 4811.14 |
| Telephone and multimedia | 3572.39 | nil | 3572.39 | 3438.69 |
| Repairs and Maintenance | 3004.40 | nil | 3004.40 | 9064.00 |
| printing/stationery/Postage/advert. | 401.50 | nil | 401.50 | 1320.70 |
| Welfare and charitable activities | nil | nil | nil | nil |
| Book, Communion etc | 723.93 | nil | 723.93 | 1443.87 |
| Gas/Utilities | 7269.15 | nil | 7269.15 | 7370.41 |
| Vehicle running costs | 1672.12 | nil | 1672.12 | 277.50 |
| Cleaning | 3184.06 | nil | 3184.06 | 1810.02 |
| Conferences & Training | 795.01 | nil | 795.01 | 5047.44 |
| Accessories | 239.82 | nil | 239,82 | 1807.51 |
| Insurance | 1286.32 | nil | 1286.32 | 1999.80 |
| Admin | 2750.41 | nil | 2750.41 | 2138.29 |
| Premises | 450.00 | nil | 450.00 | 925.11 |
| Entertainment | 40.91 | nil | 40.91 | 5026.04 |
| Petty Cash | 500.00 | nil | 500,00 | 950.00 |
| Choir/Youth/Children | 0,00 | nil | 0.00 | 3013.32 |
| Travelling expenses | 1953.00 | nil | 1953.00 | 3865.73 |
| Musical Production | 0.00 | nil | 0.00 | 4565.55 |
| Installation costs | 2000.00 | nil | 2000.00 | nil |
| Depreciation | 42544.81 | nil | 42544.81 | 39150 |
| 146516.76 | 0.00 | 146516.76 | 178664.64 | |
| 8.Administrative expenditure | 2 | £ | £ | £ |
| Consultancy & Professional fee | 1700.00 | Nil | 1700.00 | 1700.00 |
| Bank charges | 888.59 | Nil | 888.59 | 1348.26 |
| HP Interest | nil | Nil | nil | nil |
| 2588.59 | Nil | 2588.59 | 3048.26 | |
| 9,.Net movement in funds forthe year | ||||
| The net movement in fund for the year is stated after charging: | 2020 | 2019 | ||
| £ | £ | |||
| Depreciation on tangible assets | 42544.81 | 39150.00 | ||
| Accountants remuneration | 1700.00 | 1700.00 | ||
| Professional fees | 0.00 | 1500.00 | ||
| 2020 | 2019 | |||
| 10.staff cost | £ | g | ||
| Ministersremuneration&Otherspaidintheyearamountedto | 53637.44 | 52446.94 |
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| Land and | Other Fixed | ||
|---|---|---|---|
| 11.Tangible fixed assets | Buildings | Assets | Total |
| £ | £ | £ | |
| Cost | |||
| As at 1st January 2020 | 666673.00 | 120844,25 | 787517.25 |
| Additions during the year | 0,00 | 13579,00 | 13579.00 |
| At 31st December 2020 | 666673.00 | 134423.25 | 801096.25 |
| Depreciation | |||
| At 1st January 2020 | 213030.46 | 101382.31 | 314412.77 |
| Charged for the year | 26250.00 | 16294.81 | 42544.81 |
| Eliminated on Disposal | nil | nil | 0.00 |
| At 31st December 2020 | 239280.46 | 117677.12 | 356957,58 |
| Net Book Value | |||
| At 31st December 2019 | 453642,54 19461.94 ee a |
473104.48 | |
| At 31st December 2020 | 427392.54 | 16746.13 | 444138.67 |
| _——————————————————— | |||
| All fixed assets are used directly for the church purposes. | |||
| 12.Creditors: amounts falling due within one year | |||
| 2020 | 2019 | ||
| £ | £ | ||
| Accurals | 1700.00 | 1700.00 | |
| Paye/NIC | nil | nil | |
| 1700.00 | 1700.00 | ||
| lll lll EEE |
|||
| 13: Creditors falling due after more than one year | 2020 | 2019 | |
| £ | £ | ||
| Bank Loan | 99988.98 | 130297.31 | |
| 99988.98 | 130297.31 |
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