## **RCCG - Liberty Christian Connections**
## **Charity No. 1099911**
**Trustees' Report and Unaudited Accounts**
**31 December 2021**
**RCCG - Liberty Christian Connections Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Statement of Cash flows|18|
|Notes to the Accounts|9 to 17|
|Detailed Statement of Financial Activities|19 to 21|
Page 1
**RCCG - Liberty Christian Connections Trustees Annual Report**
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2021.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1099911**
## **Principal Office**
Liberty House Clarks Road Ilford IG1 1UG
## **Trustees**
The following trustees served during the year:
A. Bamgbose S.T. Fawole O. Owolabi
## **Key Management Personnel**
General Overseer Pastor E A Adeboye Minister in Charge Pastor Francis Oladimeji
## **Accountants**
Marvelous Ventures 71 Kentlea Road Thamesmead London SE28 0JY
## **Bankers**
Barclays Bank PLC 41 Woolwich New Road Woolwich London SE18 6NU
## **OBJECTIVES AND ACTIVITIES**
Policies and Objectives
To seek the advancement of the Christian religion in accordance with the teachings of the Redeemed Christian Church of God and to educate people in the Word of God. To teach the knowledge of Jesus Christ all over the Redbridge and Essex county and beyond.
In addition, to help in the relief of poverty in all parts of the world: directly to our immediate members, their families, members of the local, national and International community as occasion would demand, in cash and in kind.
The main activities of the church are as follows:
Page 2
**RCCG - Liberty Christian Connections Trustees Annual Report**
Grant making policies
Under the Common Purposes Agreement (see above), Liberty Christian Connections has agreed to make an annual contribution to RCCG (UK). In addition, the church supports missionary organisations such as the World Evangelism Mission. The church also provides support to members of the congregation (at the discretion of the trustees) who are in need.
LIBERTY PRESCHOOL - Offering work placement to unemployed people in the community who are undertaking a course of study in Child Care. Giving support to parents who need extra hours for their children to stay in the preschool but cannot afford to pay. Offering after school and breakfast clubs to allow working mothers to go to work.
Offering work placement to unemployed people in the community who are undertaking a course of study in Child Care. Giving support to parents who need extra hours for their children to stay in the preschool but cannot afford to pay. Offering after school and breakfast clubs to allow working mothers to go to work.
Malawi Care Project:
This project supports over 40 orphans with their education and daily support. Quarterly, there are food and clothing distribution as well as financial support to ensure the well – being of the orphans.
Deborah Arise Ministry:
Ladies Prayer Retreat which is interdenominational gathering where all women from various works of life gather in a suitable environment to God in prayers for their lives, families, churches, communities and the nation at large. It is an event where fervent prayers are made to God to assist us in finding solutions to our individual problems.
FEED THE PEOPLE – LOVE YOUR NEIGHBOUR - This project has been extended to the homeless within the borough. Every Saturday, food is prepared for the homeless, vulnerable as well as church members who are in need. This has become one of the Charity’s flagship events as attendance grows weekly. 1.This has become one of the Charity’s flagship events as attendance from the community has begun to increase. Every Sunday after service, food is handed over to the homeless, vulnerable and members of the church and the community.
MARCH FOR JESUS - This is another free community event run annually by the Charity to spread the gospel of Jesus Christ. The event has been well attended over the years by members of the public namely the homeless, unemployed and those suffering from some form of addiction and there had been conversions and testimonies. Unfortunately due to COVID and its restrictions, the event could not hold but looking forward to future events.
Liberty Academy: One of the charity’s educational projects to empower and educate unemployed persons in the community to achieve CACHE Level 2 Certificate in Introduction to Early Years Education & Care. Fully funded by Liberty Christian Connections to support them to get unto the career ladder and secure employment. They are people from different religious background and ethnicity. Diversity is one of our watch words, we are keen on impacting lives
FATHERING THE FATHERLESS - The Charity donates £50 per month to members of the church who have lost their fathers. Currently there are seven (7) fatherless members who benefit from the scheme.
Bursary Award: The charity awards a one – off bursary award of £250 per student to the members who have gained admission into University for an undergraduate programme. We also reward a further £250 to those who graduate with 1st Class degree. This is to enhance and motivate the students to achieve and fulfil their full potentials.
Page 3
**RCCG - Liberty Christian Connections Trustees Annual Report**
Child Benefit: Parents of newly – born children are given a payment of £120 for the first year of the child’s life to support in the upkeep of the child. Fathering the Fatherless: The Charity donates £50 per month to members of the church who have lost their fathers. Currently there are seven (7) fatherless members who benefit from this scheme.
## **ACHIEVEMENTS AND PERFORMANCE**
a. Review of activities
## Bible Study
We held regular meetings at all our Bible study and prayer centres in Redbridge and Essex.
## Evangelism
Evangelism was carried out throughout the year, reaching out to those who were on the street as well as in residential homes, enlightening them of the love of Jesus that there is hope for them too if they would respond to His love. In addition to giving the homeless the word of God, our team also went with tea, coffee, sandwiches giving as many as possible. In the past a number of them have responded positively to our invitation and attended our services.
## Counselling
This was made available free of charge mainly by the pastor. Appointments to see the pastor are made either directly with him or through the church office. The meetings took place in the Church during the week in addition to Sundays.
We had a number of activities for the youths, men and women during the year which included seminars and workshops as well as counselling. They had some time to socialising as well
We pray and preach the good news of salvation not only in Redbridge and Essex but in many other parts of the UK.
b. Investment policy and performance
The trustees have decided that at present, funds should be retained in Bank. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.
## **FINANCIAL REVIEW**
a. Investment policy and performance
The trustees have decided that at present, funds should be retained in Bank. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.
## b. Reserves policy
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 annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of a significant drop in funding.
## **PLANS FOR FUTURE PERIODS**
We plan to expand the pre- school at a later date to include breakfast and after school club as well as ful time provision
Page 4
**RCCG - Liberty Christian Connections Trustees Annual Report**
we are planning to commence a care project with the vision to reaching our community with the love of Christ. The project will include children and adolescent care project, adult care projectregeneration project and education projects
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
a. Constitution
b. Method of appointment or election of Trustees
The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the pastor.
Redeemed Christian Church of God ('RCCG') Liberty Christian Connections is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes".
The Trustees have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church, and are satisfied that systems are in place to mitigate our exposure to the major risks.
## **Statement of trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that 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 the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
O. Owolabi Trustee 31 December 2021
Page 5
**RCCG - Liberty Christian Connections Independent Examiners Report**
## **Independent Examiner's Report to the trustees of RCCG - Liberty Christian Connections**
I report to the trustees on my examination of the financial statements of RCCG - Liberty Christian Connections for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of FAIA .
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Oluyemisi Owete FAIA Marvelous Ventures 71 Kentlea Road Thamesmead London
SE28 0JY 31 December 2021
Page 6
**RCCG - Liberty Christian Connections Statement of Financial Activities**
## **for the year ended 31 December 2021**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other
7
**Total**
**Expenditure on:**
Raising funds
8
Charitable activities
9
Other
11
**Total**
Net gains on investments
**Net income**
12
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total funds**|**Total funds**|
|---|---|---|---|---|---|
|||**2021**|**2021**|**2021**|**2020**|
|||**£**|**£**|**£**|**£**|
|||||||
|||320,250|-|320,250|371,293|
|||60,803|-|60,803|42,031|
|||33,340|-|33,340|8,593|
|||21|-|21|3|
|||30,539|54,209|84,748|37,344|
|||444,953|54,209|499,162|459,264|
|||||||
|||67,808|31,242|99,050|65,286|
|||31,293|-|31,293|50,499|
|||123,153|22,967|146,120|179,510|
|||222,254|54,209|276,463|295,295|
|||-|-|-|-|
|||222,699|-|222,699|163,969|
|||-|-|-|-|
|||222,699|-|222,699|163,969|
|||||||
|||222,699|-|222,699|163,969|
|||||||
|||655,540|-|655,540|491,571|
|||878,239|-|878,239|655,540|
|||||||
|||||||
|||||||
Page 7
**RCCG - Liberty Christian Connections Balance Sheet**
## **at 31 December 2021**
|**Charity No. 1099911**
**Fixed assets**
Tangible assets
14
**Current assets**
Debtors
15
Cash at bank and in hand
**Creditors:**Amount falling due within one year
16
**Net current assets**
**Total assets less current liabilities**
**Creditors:**Amounts falling due after more than one year
17
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
18
**Unrestricted funds**
18
General funds
Designated funds
**Reserves**
18
**Total funds**|**2021**
**£**
1,792,431
1,792,431
33,176
119,963
153,139
(58,049)
95,090
1,887,521
(1,009,282)
878,239
878,239
854,458
23,781
878,239
878,239|**2020**
**£**
1,637,182|
|---|---|---|
|||1,637,182
45,875
11,981|
|||57,856
(55,011)|
|||2,845
1,640,027
(984,487)|
|||655,540|
|||655,540|
|||655,540
-|
|||655,540|
|||655,540|
Approved by the trustees on 31 December 2021
And signed on their behalf by:
S.T. Fawole Trustee 31 December 2021
Page 8
**RCCG - Liberty Christian Connections Notes to the Accounts**
## **for the year ended 31 December 2021**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 if 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.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 9
**RCCG - Liberty Christian Connections Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Office & Church Equipment 20% Reducing Balance Motor Vehicle 20% Straight Line Furniture & Fittings 25% Reducing Balance
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 10
**RCCG - Liberty Christian Connections Notes to the Accounts**
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 11
**RCCG - Liberty Christian Connections Notes to the Accounts**
## 2 **Statement of Financial Activities - prior year**
|2
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
**Total**
**Expenditure on:**
Raising funds
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Voluntary Income
4
**Income from charitable activities**
Charitable Activities|**Unrestricted**
**£**
320,250
320,250
**Unrestricted**
**£**
60,803
60,803|**Unrestricted**
**funds**
**2020**
**£**
371,293
42,031
273
3
45,664
459,264
65,286
50,499
179,510
295,295
163,969
163,969
163,969
491,571
655,540
**Total**
**2021**
**£**
320,250
320,250
**Total**
**2021**
**£**
60,803
60,803|**Total funds**
**2020**
**£**
371,293
42,031
273
3
45,664|
||||459,264
65,286
50,499
179,510|
||||295,295|
||||163,969|
||||163,969|
||||163,969
491,571|
||||655,540|
||||**Total**
**2020**
**£**
371,293|
||||371,293|
||||**Total**
**2020**
**£**
42,031|
||||42,031|
Page 12
**RCCG - Liberty Christian Connections Notes to the Accounts**
|5
**Income from other trading activities**
Bookshop
Pre School
6
**Income from investments**
Bank Interest
7
**Other income**
Gift Aid Claimed
Grant Income
8
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
Voluntary Income
_Fundraising trading costs_
Pre School
9
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Charitable Activities
Grants made
_Governance costs_|**Unrestricted**
**£**
30,539
-
30,539|**Unrestricted**
**£**
324
33,016
33,340
**Unrestricted**
**£**
21
21
**Restricted**
**£**
-
54,209
54,209|**Total**
**2021**
**£**
324
33,016
33,340
**Total**
**2021**
**£**
21
21
**Total**
**2021**
**£**
30,539
54,209
84,748|**Total**
**2020**
**£**
273
8,320|
|---|---|---|---|---|
|||||8,593|
|||||**Total**
**2020**
**£**
3|
|||||3|
|||||**Total**
**2020**
**£**
37,344
-|
|||||37,344|
||||||
||**Unrestricted**
**£**
58,573
9,235
67,808|**Restricted**
**£**
-
31,242
31,242
**Unrestricted**
**£**
1,210
30,083
31,293|**Total**
**2021**
**£**
58,573
40,477
99,050
**Total**
**2021**
**£**
1,210
30,083
31,293|**Total**
**2020**
**£**
35,730
29,556|
|||||65,286|
|||||**Total**
**2020**
**£**
6,750
43,749|
|||||50,499|
Page 13
**RCCG - Liberty Christian Connections Notes to the Accounts**
## 10 **Analysis of grants**
## **Grants to**
|10 **Analysis of grants**||**Grants to**|||
|---|---|---|---|---|
|**Activity or programme**
Advancement of Christian
Faith
**Activity or programme**
Advancement of Christian
Faith
11 **Other expenditure**
Bookshop
Bank loan and overdraft
interest payable
Other interest payable
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
12 **Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
Independent Examiner's fee
Other fees paid to the auditor or
independent examiner|**Unrestricted**
**£**
649
34,565
10,783
4,355
11,232
25,618
10,197
24,554
1,200
123,153|**Institutions**
**£**
30,083
30,083
**Grant**
**funding of**
**activities**
**£**
30,083
30,083
**Restricted**
**£**
-
-
-
22,967
-
-
-
-
-
22,967
**2021**
**£**
10,197
1,000
200|**Total**
**2021**
**£**
30,083
30,083
**Total**
**2021**
**£**
30,083
30,083
**Total**
**2021**
**£**
649
34,565
10,783
27,322
11,232
25,618
10,197
24,554
1,200
146,120|**Total**
**2020**
**£**
43,749|
|||||43,749|
|||||**Total**
**2020**
**£**|
|||||43,749|
|||||43,749|
|||||**Total**
**2020**
**£**
243
35,953
6,325
41,159
10,203
17,754
2,326
63,147
2,400|
|||||179,510|
|||||**2020**
**£**
2,326
1,000
-|
Page 14
**RCCG - Liberty Christian Connections Notes to the Accounts**
|13|**Staff costs**||||||
|---|---|---|---|---|---|---|
|||||**2021**||**2020**|
||Salaries and wages|||22,967||24,434|
|||||22,967||24,434|
||No employee received emoluments in excess of £60,000.||||||
||The average monthly number of full time equivalent employees during the year was as follows:||||||
|||||**2021**||**2020**|
|||||**Number**||**Number**|
||Church Office|||2||1|
||Pre-School|||5||5|
|||||7||6|
|14|**Tangible fixed assets**||||||
|||**Land and**
**buildings**|**Office &**
**Church**
**Equipment**|**Motor**
**Vehicle**|**Furniture &**
**Fittings**|**Total**|
|||**£**|**£**|**£**|**£**|**£**|
||**Cost or revaluation**||||||
||At 1 January 2021|1,627,876|75,244|1,850|29,968|1,734,938|
||Additions|123,763|6,470|-|35,213|165,446|
||At 31 December 2021|1,751,639|81,714|1,850|65,181|1,900,384|
||**Depreciation and**||||||
||**impairment**||||||
||At 1 January 2021|-|67,695|1,850|28,211|97,756|
||Depreciation charge for the|-|2,803|-|7,394|10,197|
||year||||||
||At 31 December 2021|-|70,498|1,850|35,605|107,953|
||**Net book values**||||||
||At 31 December 2021|1,751,639|11,216|-|29,576|1,792,431|
||At 31 December 2020|1,627,876|7,549|-|1,757|1,637,182|
|15|**Debtors**||||||
|||||**2021**||**2020**|
|||||**£**||**£**|
||Other debtors|||33,176||45,875|
|||||33,176||45,875|
Page 15
**RCCG - Liberty Christian Connections Notes to the Accounts**
## 16 **Creditors:**
|amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals|**2021**
**£**
24,676
16,315
15,858||**2020**
**£**
1,333
12,975
39,703|
|---|---|---|---|
||1,200||1,000|
||58,049||55,011|
|||||
|Mortgage is secured on the Church Building||||
|17 **Creditors:**
amounts falling due after more than one year
Bank loans and overdrafts
Other loans
18 **Movement in funds**
**At 1 January**
**2021**
**Restricted funds:**
**Restricted income funds:**
Grant
-
_Total_
-
**Unrestricted funds:**
**General funds**
655,540
**Designated funds:**
Pre- School
-
_Total_
-
**Total funds**
655,540|**2021**
**£**
728,320
280,962
1,009,282
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
54,209
54,209
411,937
33,016
33,016
499,162|**Resources**
**expended**
**£**
(54,209)
(54,209)
(213,019)
(9,235)
(9,235)
(276,463)|**2020**
**£**
759,368
225,119|
||||984,487|
||||**At 31**
**December**
**2021**
**£**
-|
||||-|
||||854,458
23,781|
||||23,781|
|||||
||||878,239|
Purposes and restrictions in relation to the funds:
Restricted funds: Grant Job retention scheme Designated funds: Pre- School To provide pre school childcare for children in the community aged 3-5
Page 16
**RCCG - Liberty Christian Connections Notes to the Accounts**
## 19 **Analysis of net assets between funds**
|Fixed assets
Net current assets
Creditors due in more than one year and
provisions
20 **Reconciliation of net debt**
Cash and cash equivalents
Borrowings
Bank loans
Net debt|**Unrestricted**
**funds**
**£**
1,792,431
95,090
(67,209)
1,820,312
**At 1 January**
**2021**
**£**|**Restricted**
**funds**
**£**
-
-
(942,073)
(942,073)
**Cash flows**
**£**|**Total**
**£**
1,792,431
95,090
(1,009,282)|
|---|---|---|---|
||||878,239|
||||**At 31**
**December**
**2021**
**£**|
||11,981|107,982|119,963|
||11,981
(225,119)
(759,368)|107,982|119,963
(280,962)
(728,320)|
|||(55,843)||
|||31,048||
||(984,487)
(972,506)|(24,795)
83,187|(1,009,282)|
||||(889,319)|
|||||
|21 **Commitments**
**_Operating lease commitments_**
Annual commitments under non-cancellable operating leases
**2021**
**Land and**
**buildings**
**£**
Operating leases with expiry date:
**_Pension commitments_**
Unpaid contributions due to the fund are
included in other creditors and amounted to:|are as follows:
**2021**
**Other**
**£**
**2021**
**£**
467|**2020**
**Land and**
**buildings**
**£**|**2020**
**Other**
**£**
**2020**
**£**
1,342|
Page 17
**RCCG - Liberty Christian Connections Statement of Cash flows for the year ended 31 December 2021**
|**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decrease in trade and other receivables
Increase in trade and other payables
**Net cash provided by operating activities**
**Cash flows from investing activities**
Payments for property, plant and equipment
Dividends, interest and rents from investments
**Net cash used in investing activities**
**Cash flows from financing activities**
Repayment of borrowings
**Net cash from/(used in) financing activities**
**Net increase/(decrease) in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**|**2021**
**£**
222,699
10,197
(84,769)
12,699
3,038
163,864
(165,446)
84,769
(80,677)
24,795
24,795
107,982
11,981
119,963|**2020**
**£**
163,969
2,326
(45,667)
1,000
7,711|
|---|---|---|
|||129,339
(165,505)
45,667|
|||(119,838)|
|||(44,960)|
|||(44,960)|
||||
|||(35,459)|
|||47,440|
|||11,981|
||||
|**Components of cash and cash equivalents**|||
|Cash and bank balances|119,963|11,981|
||||
||119,963|11,981|
Page 18
**RCCG - Liberty Christian Connections Detailed Statement of Financial Activities**
## **for the year ended 31 December 2021**
|**Income and endowments from:**
Donations and legacies
Voluntary Income
Charitable activities
Charitable Activities
Other trading activities
Bookshop
Pre School
Investments
Bank Interest
Other
Gift Aid Claimed
Grant Income
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
Voluntary Income
Costs of other trading activities
Pre School
**Total of expenditure on raising**
**funds**
Charitable activities
Charitable Activities
Grants made
**Total of expenditure on charitable**
**activities**
Other expenditure
Bookshop|**Unrestricte**
**d funds**
**2021**
**£**
320,250
320,250
60,803
60,803
324
33,016
33,340
21
21
30,539
-
30,539
444,953
58,573
58,573
9,235
9,235
67,808
1,210
30,083
31,293
31,293
649|**Restricted**
**funds**
**2021**
**£**
-
-
-
-
-
-
-
-
-
-
54,209
54,209
54,209
-
-
31,242
31,242
31,242
-
-
-
-
-|**Total funds**
**2021**
**£**
320,250
320,250
60,803
60,803
324
33,016
33,340
21
21
30,539
54,209
84,748
499,162
58,573
58,573
40,477
40,477
99,050
1,210
30,083
31,293
31,293
649|**Total funds**
**2020**
**£**
371,293|
|---|---|---|---|---|
|||||371,293|
|||||42,031|
|||||42,031|
|||||273
8,320|
|||||8,593|
|||||3|
|||||3|
|||||37,344
-|
|||||37,344|
|||||459,264
35,730|
|||||35,730|
|||||29,556|
|||||29,556|
|||||65,286
6,750
43,749|
|||||50,499|
|||||50,499
243|
Page 19
## **RCCG - Liberty Christian Connections Detailed Statement of Financial Activities**
|**CCG - Liberty Christian Connections**
**etailed Statement of Financial Activities**|||||
|---|---|---|---|---|
|Bank loan and overdraft interest
payable
Other interest payable
Employee costs
Salaries/wages
Temporary staff
Motor and travel costs
Vehicles - General costs
Vehicles - Leasing and hire costs
Vehicles - Insurance and licences
Fares
Premises costs
Rates
Light, heat and power
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Office & Church
Equipment
Depreciation of Motor Vehicle
Depreciation of Furniture &
Fittings
Bad debts
Bank charges
Equipment leasing and hire
charges
General insurances
Information and publications
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Other legal and professional
costs|34,565
10,783
45,997
-
4,355
4,355
5,411
-
5,821
-
11,232
2,474
15,571
7,573
25,618
2,803
-
7,394
-
2,836
-
1,722
169
207
8,034
3,603
1,143
3,631
3,209
34,751
1,200
-|-
-
-
22,967
-
22,967
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|34,565
10,783
45,997
22,967
4,355
27,322
5,411
-
5,821
-
11,232
2,474
15,571
7,573
25,618
2,803
-
7,394
-
2,836
-
1,722
169
207
8,034
3,603
1,143
3,631
3,209
34,751
1,200
-|35,953
6,325|
|||||42,521|
|||||24,434
16,725|
|||||41,159|
|||||4,014
3,318
2,089
782|
|||||10,203|
|||||322
11,410
6,022|
|||||17,754|
|||||1,887
-
439
25,839
3,085
373
1,002
-
538
8,806
3,803
1,073
5,966
12,662|
|||||65,473|
|||||2,000
400|
Page 20
**RCCG - Liberty Christian Connections Detailed Statement of Financial Activities**
|**RCCG - Liberty Christian Connections**
**Detailed Statement of Financial Activities**|||||
|---|---|---|---|---|
|**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|1,200
123,153
222,254
-
222,699
222,699
-
222,699
655,540
878,239|-
22,967
54,209
-
-
-
-
-
-
-|1,200
146,120
276,463
-
222,699
222,699
-
222,699
655,540
878,239|2,400|
||||||
|||||179,510|
|||||295,295
-|
|||||163,969|
|||||163,969
-|
|||||163,969|
|||||491,571|
|||||655,540|
Page 21