# REDEEMED CHRISTIAN CHURCH OF GOD RENEWAL GROUND PARISH FOR THE PERIOD 1[ST] JANUARY TO 31[ST] DECEMBER 2020 **Charity Number 1099036** ## REDEEMED CHRISTIAN CHURCH OF GOD RENEWAL GROUND PARISH Contents Contents Pages 1. Trustees Annual Report Pages 1-4 2. Independent Examiner’s report Page 5 3. Statement of Financial activities Page 6 4. Balance Sheet Page 7. 5. Notes to the Financial statement Pages 8 -14 ## REDEEMED CHRISTIAN CHURCH OF GOD ## RENEWAL GROUND PARISH ## TRUSTEES REPORT For The Year Ended 31 December 2020. ## The Pastor in Charge: ## Peter BASHORUN Church Correspondence Address: 12 Chester Close, Chafford Hundred, Grays, Essex RM16 6ET. Church Worship Address: ����������������������� Woodberry Down Manor House London N4 2TW ## Trustee Members: - Olatade AMOS- Formerly Pastor Sunday Ogunlowo [ _Chairperson]_ - � Emmanuel. E. EGBOCHUO - Mr. John FARAYIBI Bankers: HSBC Bank Plc. 312 Seven Sisters Road Finsbury Park London N4 2AW. Accountants: Labami Consultancy Ltd. Management Consulting & Accountancy. 16 Warren Gardens Kent, TN11 0BF. Independent Examiner Lemo Corporate Chartered Certified Accountant 815 Old Kent Road London SE15 1NX _Page 1 of 14_ ## REDEEMED CHRISTIAN CHURCH OF GOD RENEWAL GROUND PARISH TRUSTEES ANNUAL REPORT For The Year Ended 31 December 2020 The board herewith presents herewith the activities report and audited financial report for the year ended 31 December 2020. The trustees confirm that this report comply with the current statutory requirements, the requirement governing the document of the Church, Charities Act 2011 and Accounting and Reporting by charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. **Appointment of Trustee Members:** The trustee members were elected in accordance with the terms of Trust deeds according to the Charity commission recommendations. Each member was elected on his/her merit based on experience, independence of thought, opinion and commitment _**.**_ **Constitution of the Church:** The church came to existence on 10[th] March 2002 as an offshoot from RCCG - Redemption Parish, Leyton in London. From 18[th] August 2003, the Church has obtained its full Registered Charity status with charity number 1099036. There have been some changes in the ��������������������������������������������������������������������������������������������� ## **Principal Activity of the Church** The Redeemed Christian Church of God � Renewal Ground Parish (the church) is a Non-Profit making Organisation. Its principal activity is to preach the gospel of Jesus Christ, drawing people to Christ through salvation, touching lives and making disciples among people of all Nations. Another important object of the church is to cater for welfare of its members and non-members worldwide within the limit of its resources. **Organisation of the Church** _**:**_ The church is organised in a way to allow the trustees to meet on regular basis for the effective management of the activities and its affairs. The Church also has an administrator, who in agreement with the pastor responds to all administrative and correspondence matters of the Church. ## **Risk Analysis and Management:** The Trustees have considered the risks that the charity is exposed and systems have been established to minimise them (where unavoidable) and its impact on the charity. Internal procedures are established and are regularly reviewed to ensure compliance at all time. **Related Party Relationships** _**:**_ Renewal Ground Parish is a member of Redeemed Christian Church of God (RCCG), which has parishes in many countries all over the world. This means it has close relationship with RCCG and its Parishes Worldwide. This relationship is governed by a document ���������������������������������������������������������king financial contributions and human representations. ~~_Page 2 of 14_~~ ## REDEEMED CHRISTIAN CHURCH OF GOD RENEWAL GROUND PARISH ## TRUSTEES REPORT [CONTINUED] For The Year Ended 31 December 2020. **Reserves Policy:** The trustees were not able to set aside an Unrestricted Amount as anticipated for this accounting period; however, there is a Deposit account linked to the Current account of the Church with the same bank. It is in this Deposit account that a substantial Sum of the Church money is kept and not used for running the expenses of the church except for when there is a serious financial need. This is currently in excess of Ten Thousand Pounds [£10,000.00] An amount is expected to be set as restricted as may be thought fit by the board of Trustees. In the year under report, the Church record a surplus of Three thousand, four hundred and thirty-eight pounds and eighty pence [£3,438.80], therefore no money was moved from deposit account. Review of the financial and Asset Management continue to be the practice of the board of trustee. The Restricted fund has not been established yet because of the current size of the congregation members and associated financial matters. All the available income has been allowed /classified as ��������������������������������������������������������������������������������� **Grant Making Policies** _**:**_ The parish has a policy of supporting visiting ministers of the gospel both from within and outside the United Kingdom in financial terms. Support is and always given to RCCG Central Office administration, World Evangelism Mission (WEM), Festival of Life (FOL) and other RCCG collective programmes in pursuit of gospel mission and in compliance with the agreement of common purpose. In addition to the above and accordance to the objective of the church. It also gives occasional and one-of welfare grant and support to congregational members who are in need Review of the Activities and Future Developments: The activities of the Church have been centred on growth of the congregational members numerically and spiritually. Although Old members of the have settled being spiritually fulfilled. A lot of beneficial programmes were organised to add more values to the life of the Youth, Singles in the Church and the continuity as the future of the Church depend on these groups. As a way of encouragement and understanding the life of members in their homes. The baby parish, Renewal Ground Espanol established on Sunday 28 May 2017 did not experience any growth and therefore has remained closed since January 2019 to avoid unsustainable loss. and the Church has not planted another parish due to pandemic The Church spending is largely to support the Gospel within the country, Rent of Premises for services, compliance requirements and contributions to World Evangelism Mission. There were no visiting Minister this year, meaning that there was no cost incurred on money spent on honourarium of such visiting ministers of God. **Community Outreach:** Th **e** community Outreach was on hold this year because of government restriction to contain the spread of Covid -19 problems. Unlike previous years, there was none this year end because of the Pandemic situation in the country but it is expected to continue as pandemic situation ease and restriction about public gathering is removed. ~~_Page 3 of 14_~~ )LTrTh. Iku) C'IIRISTLLN C:ii[yKe.Ii OF GOD OR TIIF I"FAR 31 DKC'.J }IJIER &)￿>0. Youth 2nd Sillgles .Mqnistry: Youth 2nd singles Ministy Progra￿<￿ has c(llttinued to be gii'en prozninence as the fijture of the ¢burch de￿ on thenL We are happy to report great success iiith increasing wwth. Church service tailoTed towards them has Eecn a knst to their sense of belOn￿g and helping th¢ir Spirit￿ social and moral developmenL This department is being iAspired ￿, Brother Tobi wj to the time of Covllkl 9 aud conttnue to be presided oi".er b! Youth leader Pastor (Mrs) Re8iDa B&8horu Plaee of Worship: The Church is still rortiug a b￿1 foru)Dducting its service5 and programmes and hopes to be able to secure a befitting building of its own in the near firture as the search continue 'ith prd}'er and the professionals. The church is laLing profesSiODai advice OJJ this matier aud the CODqro.yatFon mernbers have indicated Thillingness io ￿ve genoous donation toivards this pmjett before approachints the bank forMort8age Board of Trn$tees' Responsibilit￿. Regulations applicable to Charity organisation in Englajjd and Wales require that the trustees prepare financi￿ statejnent for each financi8] year. Ivhich wes tNe and fair view of the state of affairs of the Church and of the Surplus or deficit of the church fi)r the period. In pryaTing those nancial statements the trustees have: Selectcd suitable accounting policies and applied them consistently. Made judgements and estimatss that are Reawnable and PrndenL Prepared the finarAcial statement on a going concern b&sis [unZess ti is inappropriate topresume that the Trust wdl conttnue in operotionj Stated whether applicable accounting Standards bave been follow [Subject lo an), material dqwtuff diKlosed and ￿P1a￿tted in the st&ementl. Other Responsibilities: The trustees have the over2]I responsibijity of malla￿￿g the affairs of the church. This is accomplished by setting up of apprnpziate svstem of controls both financial and other&¥ise. Keeping proper accouating records, which disdose with reasonable accuracy. the financial position ofthe cbiirch in ￿MplEanCe with the Clwities Act as applicable. Safegu&diug the assets of the Church and taking reasonable steps for the dete(tion aJ]d Prevention of fraud and other This report Was apprnved by the trustees on 28110 / 2021. Olatade AMOS . Formerty Pastor Sunday Ogunlowo or t7nd on behozf of the Trusteés} CO R PO R A TE Chartered Certified Accountants 815 OldKont Road L￿don SE15 INX 020 7732 7017 0 7732 1735 Jnanc••em¢-¢grp?rJt* ¢o.uk w.lerno-COTpor4t&.co.uk VAT R¥9 No" 843 2￿62 Independent Examiner's Report to the Tr￿SleeS of RCCG - Renewal Ground Parls We report on the accounts of RCCG - Renewal Ground Parish for the year ended 31 December 2020 which are set out on pages 6 to 14 Respfftlve ￿SpO￿lb1jLtits of trusteos and examiner The chariiy's trusiees are responsible for ihe preparniion ol the accounis. The charity's tNstees consider that an audit is noi ￿qUired for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an indeFndent examin￿lOn is needed. It is my responsibility to: examin¢ the a¢¢ounis (under section 145 of ihe 201 l Aci). (o follow the procedures laid down in the General Dircetions given by the Chariiy Commi&8ioners {und¢r section 145(51(b) of the 2011 Aci). and to slate whether particular matters have con* to my attention. Basis of independent examiner's report My exaMIn￿10n was carried out in accordance with the Generdl Directions given by the Charily Commission. An examIn￿10n includes a review of Ihe accounting records kepl by the charity and comparison of the accounis prcsLnl(￿j wilh those records. It also in¢lud&s consideration of any unusual iterns or disc105U￿S in ihc accounts and seeking explanations from you as truslees concerning any such Tnatlers. The pr(Kedures undertaken do nol provide all the evidence thai would IK rcquired in an audit. and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In connection with my examination, no matter has comc io my alteniion: (l) which gives m¢ reasonable cause lo believe that in any ma￿Tha1 ￿Spect the requiremenls to keep accounting records in accordance wilh section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting ￿uIreMents of the 2011 Act have not been met. or (2) to which. in tny opinion, aiieniion should be drawn in order to enable a proErr understanding of the accounts to be reached. NaTne.' MR. BOLA LEMO (FCCA. MSC) Signature Date 10 &O&-I sof 14 REDEEMED CHRISTtAN CHURCH OF GOD RENF.￿.￿ GROLThU) PARISH STATEMENf OF FINANCIAL ACTtVlTtES INCOME AND EXPENDITURE. For Ile Financial l'e￿ of 1st anuaTh' to 31 December 2020. Unrestticted Unrestricted I'iinds 2019 2020 Gift aid Collect¢d Donations Collections and Planned Giving -Tithe c.ollection at all Church services Collection Towards Building Bank Interest (Net of Charges) TOTAL INCOMING RESOURCES 0.00 0.00 44.550.72 20.284.68 0.00 0.39 64,835.79 833.20 74,950.15 15.00 75,798.35 RI.'.%C)URCI,S I:,XPI,:NDI,:D Grants Payable - Institutional-WEM 8 & 11 Grants Payable - Individual Cost of Activities in Tr'urthcrdnce of the Charity's objects Resources Expended on Managing and Administering the Charity TOTAL RESOURCES EXPENDED NET MOVEMENT tN FUNDS FOR THE YEAR TOTAL FUNDS AT I JANUARY TOTAL FUNDS AT 31 DECEMBEtL 12,151.41 2,61)1).i)i) 13,1)1 ? .3.3 851.00 io 13,857.70 27,007.18 .32 787.88 61,396.99 3,438.80 14,77.i.9.3 18.214.73 34,514.66 76,285.17 48C).82 1_1,?62.75 14,775.93 Page 6 of14 (]IRtSlTLN CHURCH OF GOD SI',41715IF.￿r FtN'ANCIAI. AciThifiYF.'S B_4J..INCI.: SHI-I=."I". I'or Ihe liiaan(ig1 rcar of 1st Uary". to 31 Deccmber 20?0. 20S) 2019 FIXED ASSEr Tangible fixed asgt 13 5.766.69 5,081.16 5,081.16 CURRE￿[ ASSET Current and Deposit accounL Debtots TOTAL CURREbrr ASSEF TOTAL NEf ASSET CREDrroRS oiints fajlintr due within one year Current Liabilities li 1697926 0.00 16.979 ?6 lQ979J? o.o() 16 15.94i.04 15.94i.U4 74).95 4531 ?? Long Tezm Liability I*￿T ASSETS CIIARI'IY FIJNDS Balance as at January. .￿0￿ement of funds in the star TOTAL FUNDS o. 18 ?14.K3 o.()0 14.Tli.93 14.f'.i.9.3 3,43&80 14,T15.93 The finanti21 stateroents V¥VC approrcd bi" thc th3SECQS on their bcba]f on ' 9l￿1. .￿l￿d on thcit bd￿ bi-. Olarade .LllU 1,ffj]m2￿el Tr4bochuo Pt7ge 7 of 14 ## REDEEMED CHRISTIAN CHURCH OF GOD RENEWAL GROUND PARISH ## NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 December 2020. ## ACCOUNTING POLICIES ## **1.1 Basis of Accounting:** The accounts (financial statements) have been prepared under the historical cost convention with items recognized at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The summation of the figures in the year end 2020 account have been rounded up or down to the nearest pound as deem appropriate. **1.2 Fund Accounting:** This form of accounting recognises that funds may either be Unrestricted/General or Restricted/Specific. General funds (literarily means money) are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objective of the church and which have not been set-aside for any specific purpose. Restricted funds are funds, which are to be used in accordance with the specific restriction placed on them either by the donor or the trustees. For this year-end, there are no such fund classified as restricted but all spending has been subjected to proper approval of the trustees. **1.3 Incoming Resources:** All incoming resources are included in the Statement of Financial Activities of the church is as legally entitled to and the amount can be quantified with reasonable accuracy. A sum of sixty-four thousand, eight hundred and thirty-five pounds and seventy-nine pence only [£64,835.79) was received as being the total income for the year without any Gift aid collection ( _See Note7_ ) **1.4 Resources Expended:** All expenditures are accounted for on an accrual basis and have been included under expense categories that aggregate all such costs for allocation to activities. Where costs cannot be directly allocated or attributed to a particular activity, they have been allocated on a basis consistent with the use of the resources. A total sum of Sixty-one thousand, three hundred and ninety-six pounds and ninety-nine pence [£61,396.99 **]** were expended in the year. This comprises Institutional grants payable, cost of activities in furtherance of the Charity’s object and resources expended on managing and administering the Charity. _(See note 12)_ _Page 8 of 14_ ## REDEEMED CHRISTIAN CHURCH OF GOD RENEWAL GROUND PARISH ## NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 December 2020. **1.5 Grants:** Grants payable are charged in the year when the offer is made except in such cases when the offer is made subject to fulfilling condition(s), which then become recognised when such conditions are fulfilled. Grants offered subject to conditions, which have not been met at the year-end, are noted as _commitment, but not as accrued expenditure_ _**. (There is none as at this year-end)**_ Grants Receivable becomes recognised when they were received. ## **2. Tangible Fixed Assets and Depreciation policy:** All assets costing more than Two Hundred and Fifty pounds [£250 _.00_ ] are capitalised. Tangible assets are stated at cost less depreciation and at pro-rata where acquisition date is part way of the accounting period. Depreciation is provided at the rates calculated to provide a net book value and not as a disposable value. It is therefore charged on the categories of fixed asset on the following basis. Music and Church Equipment = 12.50% (Straight-line) Fixture and Fittings = 12.50% (Straight-line) Computers & Printers = 20% (Straight Line) **2.1. Related Party Transaction:** During the year, Renewal Ground Parish did not pay any grant to the Zonal head office which the parish belongs and due to Pandemic Festival of Life Contribution was neither made as it did Not hold due to COVID-19 situation in the country. In the future these commitment remains as part of fulfilling “agreement for Common Purpose”. 2.2. Asset written off and Disposal: The Fixed asset written off were those damaged and unsuitable for purpose due to wear and tear arising from constant moving of Equipment from locations and usage. A sum of One hundred and ten pounds and twenty-six pence was written off in the year 2019 account but no asset was written off in the current year. _(see note 13)._ **2.3 Surplus / (Deficit** ) [Movement of Funds] This amount as stated in the Income and Expenditure account is after charging for all expenditures incurred by the charity and making provision for asset depreciation, and asset written off during the financial year. For this year end, the account was in Surplus of Three thousand, four hundred and thirty-eight pounds and eighty pence. (£3,438.80) Predominantly the Youth that are not working forms the majority of the congregation members including pensioners. Besides, the small number of working class comparatively has a direct impact on the church and its members in relation to tithe and offering collected in the year. _Page 9 of 14_ ## REDEEMED CHRISTIAN CHURCH OF GOD RENEWAL GROUND PARISH NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 December 2020 ## **2.4 Capital Commitment** At moment the charity does not have any capital commitment /Property of his own, however there is no legal restriction to prevent them from having a property of their own in the near future in furtherance of the charity objectives. ## **2.5 Debtors and Prepayments:** This represent primarily the Services that has been paid for but not yet rendered to the charity and of amount falling due within one year. For this year end account, it stands at zero balance [Note 16] as disclosed in the Balance sheet on page seven. ## **2.6 Creditors and Accruals:** The total amount represented under this column represent amount owed by the Charity and categorised as amount falling due in less than one year. For this year end account, this amount to the sum of Four thousand, five hundred and thirtyone pounds and twenty-two pence only. [£4,531.22] _(Note 17)_ as disclosed in the Balance Sheet on page seven. ## **3.1 Trustees** During the year, none of the Trustees received any remuneration (2,000 - £NIL) During the year, none of the Trustees received any benefits in kind (2,000 - £NIL) During the year, none of the Trustees received any reimbursement of Expenses (2,000 - £NIL) ## **3.2. Paid Employee:** The pastor is the only Paid employee of the Church and his Salary and allowances were determined by the Trustee. This is subject to annual review which is based on the ability to pay from the total incomes of unrestricted fund available. There has not been any increase to his salary in the current year. **3.3. Volunteers:** An estimate of Two hundred and thirty-five hours was recorded for members who came in at various times to work voluntarily for the progress of the Church. If this were to be valued at a conservative value of a national minimum wage per hour, their efforts would have amounted t to an approximation of two thousand pounds. _Page 10 of 14_ ## REDEEMED CHRISTIAN CHURCH OF GOD RENEWAL GROUND PARISH (Notes to the Account) ## For The Financial year of 1st January to 31 December 2020. ## 4. VOLUNTARY INCOMES/DONATIONS : |General and Building Maintain
Total
5. Church Collections:
Collections at all services
Planned giving/Tithes
TOTALS|TOTAL
TOTAL
TOTAL
Funds
Funds
Funds
2020
2019
2018
**£**
**£**
**£**
0.00
833.20
3,736.00|TOTAL
TOTAL
TOTAL
Funds
Funds
Funds
2020
2019
2018
**£**
**£**
**£**
0.00
833.20
3,736.00|TOTAL
TOTAL
TOTAL
Funds
Funds
Funds
2020
2019
2018
**£**
**£**
**£**
0.00
833.20
3,736.00|TOTAL
TOTAL
TOTAL
Funds
Funds
Funds
2020
2019
2018
**£**
**£**
**£**
0.00
833.20
3,736.00|TOTAL
TOTAL
TOTAL
Funds
Funds
Funds
2020
2019
2018
**£**
**£**
**£**
0.00
833.20
3,736.00|TOTAL
TOTAL
TOTAL
Funds
Funds
Funds
2020
2019
2018
**£**
**£**
**£**
0.00
833.20
3,736.00|TOTAL
TOTAL
TOTAL
Funds
Funds
Funds
2020
2019
2018
**£**
**£**
**£**
0.00
833.20
3,736.00| |---|---|---|---|---|---|---|---| ||||||||| ||||0.00||833.20||3,736.00| |||2020
£
20,284.68
44,550.72|||2019
£
20,118.50
54,831.65||2018
£
21,226.90
52,113.16| |||64,835.40|||74,950.15||73,340.06| 6. BUILDING FUNDS /BANK INTERESTS |6. BUILDING FUNDS /BANK INTERESTS|||||||| |---|---|---|---|---|---|---|---| |Net Bank Interest
Building Maintenance/Funds|Unrestricted
Unrestricted
Unrestricted
Funds
Funds
Funds
2020
2019
2018
£
£
£
0.39
0.00
0.00
0.00
15.00
25.00||||||| ||||||||| ||||0.39||15.00||25.00| _Page 11 of 14_ ## REDEEMED CHRISTIAN CHURCH OF GOD RENEWAL GROUND PARISH (Notes to the Account) For The Financial year of 1st January to 31 December 2020. ## 7. SUMMARY RECORD OF INCOMING RESOURCES. ||7. SUMMARY RECORD OF INCOMING RESOURCES.|7. SUMMARY RECORD OF INCOMING RESOURCES.|NG RESOURCES.|NG RESOURCES.|||| |---|---|---|---|---|---|---|---| |8
9|2020
2019
2018
£
£
£
Gift Aid Collected
0.00
0.00
0.00
General Donations
0.00
833.20
3,711.00
Collections Towards Church Building
0.00
-
25.00
Church Collection at all Services
20,284.68
20,118.50
21,226.90
Planned Giving (Tithes)
44,550.72
54,831.65
52,113.16
Net Bank Deposit interest
0.39
15.00
0.00
64,835.79
75,798.35
77,076.06
GRANTS PAYABLE
2020
2019
2018
£
£
£
Individual Grants Payable-Welfare
2,600.00
851
515.84
Missionary and Charitable giving
2550.04
3466.41
World Evangelism Mission -WEM
12,151.41
13912.33
13069.23
TOTAL GRANTS PAYABLE
14,751.41
17,313.37
17,051.48
RESOURCES EXPENDED ON MANAGING & ADMINISTERING THE CHARITY
2020
2019
2018
£
£
£
Pastor's Salary/Pension & PAYE Paid
23,652.38
24336.78
23912.61
Administrations/Compliance cost
7,136.98
6,107.00
8,141.99
Transport/Travelling Expenses
187.80
1,391.80
3,933.00
Telephone and Internet
1,047.25
1,457.86
1,285.54
Asset written off
-
110.26
235.00
Depreciation
763.47
698.96
723.06
Sundry /Miscellaneous
-
412
480
TOTAL
32,787.88
34,514.66
38,711.20
_Page 12 of 14_||2020
£
0.00
0.00
0.00
20,284.68
44,550.72
0.39||2019
£
0.00
833.20
-
20,118.50
54,831.65
15.00|2018
£
0.00
3,711.00
25.00
21,226.90
52,113.16
0.00|| ||||64,835.79||75,798.35|77,076.06|| ||||2020
£
2,600.00
12,151.41||2019
£
851
2550.04
13912.33|2018
£
515.84
3466.41
13069.23|2018| ||||14,751.41||17,313.37|17,051.48|| ||||32,787.88|34,514.66
38,711.20|||| ||||||||| |||_Page 12 of 14_|||||| ||||||||| ## REDEEMED CHRISTIAN CHURCH OF GOD RENEWAL GROUND PARISH (Notes to the Account) For The Financial year of 1st January to 31 December 2020. ## 10. COST OF ACTIVITIES IN FURTHERANCE OF THE CHARITY'S OBJECT |2020
2019
£
£
Hall rental for Church Services.
9,781.25
18,495.00
Visiting Speakers Expenses
300.00
800.00
Choir and Music Ministration
274.00
3,277.00
Gospel and Charity giving
3,045.45
2,520.04
Hospitality
337.00
87.00
Printing of Church Flyers & Stationery
95.00
1,028.14
Training
25.00
800.00
TOTALS
13,857.70
27,007.18
11
GRANTS PAYABLE - INSTITUTION
Name
Description
2020
World Evangelism Mission [WEM]
Advancement
£
January -March
of Faith
3,915.55
April - June
2,420.71
July - September
2,847.33
October - December
2,967.82
TOTAL
12,151.41
12
SUMMARY OF RESOURCES EXPENDED DURING THE YEAR
Notes
2020
£
Grants Payable - Institutional & Individuals
8 and 11
14,751.41
Cost of Activities in furtherance of the Charity
10
13,857.70
Costs Expended to Manage & Administer the
9
32,787.88
TOTAL RESOURCES EXPENDED =
61,396.99||2020
£
9,781.25
300.00
274.00
3,045.45
337.00
95.00
25.00||2019
£
18,495.00
800.00
3,277.00
2,520.04
87.00
1,028.14
800.00|2018
£
20,040.00
2,149.18
5,160.10
3,466.41
0.00
1,881.69
2,185.00| |---|---|---|---|---|---| ||13,857.70|||27,007.18|34,882.38| |||||2020
£
3,915.55
2,420.71
2,847.33
2,967.82|2019
£
3,293.32
3,754.10
3,255.76
3,609.15| ||||12,151.41||13,912.33| ||||||2019
£
14,763.33
27,007.18
34,514.66| ||||61,396.99||76,285.17| _Page 13 of 14_ ## REDEEMED CHRISTIAN CHURCH OF GOD RENEWAL GROUND PARISH (Notes to the Accounts) For The Financial year of 1st January to 31 December 2020. ## 13. TANGIBLE FIXED ASSETS YEAR END 2020 |MUSIC
EQUIPMENTS
2020
Cost/Valuation
£
At 1 January
8,263.92
Add: New Equipments
1,449.00
Less: Asset written off
Accumulated Depreciation
Charge for the year
NET ASSET: 31 December
14 Asset written off due to obsolescence and damages
ASSET
15. Cash at Bank (Savings & Current)
16. DEBTORS:
17. CREDITORS
Amount falling due within one year
Amount falling due after more than one year
TOTAL|MUSIC
EQUIPMENTS
2020
£
8,263.92
1,449.00|MUSIC
EQUIPMENTS
EQUIPMENTS
2020
2019
£
£
8,263.92
8,263.92
1,449.00
0.00|MUSIC
EQUIPMENTS
EQUIPMENTS
2020
2019
£
£
8,263.92
8,263.92
1,449.00
0.00|MUSIC
EQUIPMENTS
EQUIPMENTS
2020
2019
£
£
8,263.92
8,263.92
1,449.00
0.00| |---|---|---|---|---| ||||9,712.92
0.00
3,182.76
763.47
3,946.23|8,263.92
0.00
2,483.80
698.96
3,182.76| ||||5,766.69|5,081.16| ||||2020
£|2019
£| ||||0.00|110.26| ||||2020
**£**|2019
**£**| |||16,979.26
15,945.04||| ||||2020
£|2019
£| ||||0.00|0.00| ||||2020
£
4,531.22
0.00|2019
£
6,250.27
0.00| ||||4,531.22|6,250.27| _Page 14 of 14_ CORPORATE Chartered Certified Accountants 8151JdKant Road Lwdon SET5 INX Tel. 020 7732 7017 020 7732 1735 Jnanc8Ql•mo-torptsratLt.co.uk Wiem￿corpOrtte& ¢).uk VATR49 No." W 20J602 Independen¢ Examiner's Report to the Trllstees ofRCCG - Renewal Ground Par We report on the accounls of RCCG - Renewal Ground Parish for the year ended 31 December 2020 which are set out on pages 6 10 14 Respective responsibilities of t￿￿ and examiner The charity's trusiees are responsible for the preparaiion of the account5. The charity's irnstees consider that an audit is noi required for this year (under section 144(2) of the Charilies Act 2011 (the 2011 Aci)) and thai an indeFndent examinaiion is needed. It is my responsibility to.. examine the accounts (under section 145 of the 2011 Act)- to follow the procedures laid down in ihe Genernl Dir¢clions given by the Charity commi￿￿10neTh (undcr.8eciion 14.fj{5)(b) of the 2011 Act); and io whether particular malters have come to my altenlion. Basis of independent examin¢r's report My cxamination wa5 ¢arri¢d out in accordance with the General Dirccrions given by the Charity Commission. An examinaiion includes a rcview of the accounting rccords kept by the charily dnd a comparison of Ihe accounts prcsenied with those records. It also includes con.%iderdlion of dny unusual items or disclosures in the accounts and seeking explanations from you as trusiees concerning any such mailers. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audil opinion on the view given by the accounts. Independent examiner's statement In conneclion with my examination, no matter has come to my attention= ( l) which give5 me reasonable cause lo believe that in any It￿lerial respect the requirements to kccp accounting records in accordance with section 130 of the 2011 Act: and to prepare account.s which accord with the accounting records and comply with the accounting requiremenis of thc 2011 Act have not been met- or (2) to which, in my opinion, attention should be drdwn in otder to enable a prO￿r understanding of the accounts to be reached. Name.. MR. BOLA LEMO (FCCA. Mi Sc) Signature Da 10 5of14