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2020-12-31-accounts

Registered Charity Number: 1102245

Trustees’ Annual Report 2020

This report has been prepared by the Board of Trustees to meet its legal obligation under the Charities Act 1993, as amended by the Charities Act 2006, the Trust Deed and the Charities SORP 2005.

Reference and Administrative Information

Charity Name: The Redeemed Christian Church of God City of Favour

Charity Registration Number: 1102245

Principal Office : 21-23 Wanlip Street, Leicester, LE1 2JS

Trustees

Mrs Mercy Adenle Mr Godwin Sabo Dr Gboyega Idowu Mrs Olajumoke Ogungbemi

Bankers

Lloyds Bank plc High Street Leicester

Barclays Bank Humberstone Gate Leicester

Trustees’ Report

1.0 Introduction

The Board of Trustees of RCCG City of Favour presents their annual report and accounts for the year ended 31st December 2020.

2.0 Structure, Governance and Management

2.1 Governing Document

The charity is constituted as a “Trust” and Governed by ‘Trust Deed’ dated 31[st] December 2003 .

2.2 Trustee Appointments

Trustees are appointed under the terms of the trust deed.

New Trustees are given induction on appointment, explaining the overview objectives of the charity and the requirements of the Charity Commission.

2.3 Organisational Structure

The spiritual aspect of the church is handled by the Parish Pastor including the day to day running of the charity which is overseen by the Trustees and Board of Ministers, who meet regularly to review the operations of the church and also make decisions on major issues affecting the church.

The church’s key activities and operations are centred on the various constituent cellular groups: Men, Women, Youth, Teenagers and Children for effective organisation. The cellular structure is effective at ensuring that the expectations and needs of every group are adequately met.

2.4 Related Party Relationship

RCCG, City of Favour Leicester, is a member of the Redeemed Christian Church of God (RCCG), a global church with parishes in over 190 countries. The relationship is governed by an “Agreement for Common Purposes” between the parish and RCCG. The referenced “Agreement for Common Purposes” document is constantly monitored and recommended for updates, to take cognisance of unfolding events (policies, regulations) in the United Kingdom.

2.5 Risk Management

The trustee board performs its duty of safeguarding the charity against major risk. The board regularly reviews the charity’s governance structures, policies, procedures and practices. It recommends strategic and operational options and implements adequate prudent controls and preventative action to safeguard the assets of the charity, as well as its reputation.

3.0 Objectives and Activities

3.1 Objectives

RCCG City of Favour Leicester’s main objectives are:

3.2 Activities

The year 2020 was declared as ‘THE YEAR OF NEW BEGINNING’.

The church has been engaged in various activities detailed below in pursuance of our charitable objectives.

Regular Church Activities

The church building is a place of worship and a venue for various activities associated with the Christian faith. The church welcomes all people and actively seeks new members from all sections of society. The church continued its regular events and activities such as:

Sunday and Mid-Week Services : City of Favour continues to hold regular services on Sundays where people enjoy lively contemporary music and hymns; and listen to interactive sermons, although this was mostly done this year via online platforms due to the covid-19 pandemic. We are a vibrant church with a lively congregation from across Leicester City; Leicestershire County and beyond (e.g. Coventry). Bible Studies and prayer meetings are held on every Wednesday and Thursday respectively. These services are open to all members of the public. The overall attendance at City of Favour (Favour Sanctuary) worship continues to increase annually indicating the church is making a positive impact in the community.

Youth Education and Development: The Youth Church offers spiritual support to the youth encouraging them to develop their potentials. Many students who come to Leicester from various parts of the country and overseas, especially, Africa, to study find the Youth Church and indeed, the whole church, a place where they feel accepted, valued and supported. The Youth Church attendance/numbers continues to increase. Many of our youths successfully completed their course of study in fields such as medicine, Pharmacy, business and social sciences in 2020. The church also creates opportunities for the students and young persons to have mentorship with the professionals within the church.

Annual Conference: We host an annual women’s conference sharing mutual experiences in the areas of singleness, marriage and women affairs in general aiming

to empower and encourage women both within the church and local community to manage issues in their lives as well as their careers. Due to the covid-19 pandemic, this event was held online.

Poverty Alleviation

The Church continued to work with some UK-based charities and also partners with other not-for-profit organisations in some of the world’s poorest countries to provide financial assistance to some of their most disadvantaged communities. The church also made financial contributions to the “Africa Mission”, an initiative of the Redeemed Christian Church of God, which seeks to improve livelihoods through developmental projects aimed at people in remote parts of sub-Saharan Africa.

The church continues to provide financial support and emotional support (through correspondence) to 3 children in Peru. Also, many of our members have been encouraged to sign up to sponsor a child in need through Compassion UK, a UKbased charity aimed at alleviating child poverty. Compassion UK on its website states that sponsorship will give the children the opportunity to escape poverty and bring change to their families and communities. Also, the sponsorship will provide education, nutrition & health checks (www.compassionuk.org).

4.0 Achievement and Performance

4.1 Public Benefit Statement

The Trustees of City of Favour consciously considered the public benefit guidance published by the Charity Commission in compliance with its duties under section 17 of the Charities Act 2011. This guidance sets out two key principles:

The Church, as stated earlier, exists primarily among other things to: (i) advance Christianity worldwide; and (ii) relief poverty worldwide.

The church continues to meet these public benefit requirements by (i) providing benefit to its members and the public through the sharing of the Christian Gospel of the Lord Jesus Christ (i.e. advancement of religion); and (ii) engaging in a wide range of activities designed to provide other tangible benefits to the society. In addition to our regular activities as outlined above, are other activities summarised below providing examples of some of the activities the church undertook in the year 2020 to provide benefits to those who worship at City of Favour and the wider community society:

Health and Wellbeing: This year the church organised weekly football sessions on Mondays for both men and women from the church and within the St. Matthews community. In addition the church organised Mental Health awareness session to

educate and promote mental wellbeing especially to help people cope through the covid-19 pandemic.

Community Cohesion: We also support other charities by hosting different events, some of these events are:

Valentine Day Love Outreach: This is a community outreach activity aimed at reaching out to the homeless. We have been doing it for the past 15 years; we provided valentine's pack (normally includes warm clothes, blankets, food parcels, cards etc) to show our love, care and support.

Christmas Activities: We were unable to hold our annual Christmas carol, however we provided Christmas food parcels to widowed spouses and the aged. This was done to promote the spirit of Christmas and share the love that Christ came to give humankind.

Covid Support

The church provided support to the NHS staff with ‘goodwill packs’ during the Covid pandemic to help boost morale and encourage them through their everrising workload at the peak of the pandemic.

The church also supported its members and members of the wider community who were struggling as a result of loss of income due to the covid-19 pandemic, by providing items of food, personal care and household upkeep to ease the effect of the pandemic in various households.

The church offered counselling support for families affected by the pandemic which resulted in strains in marriages and families, thereby helping to build stronger family units within the community. This innovation has brought about a monthly marriage seminar titled ‘NEW WINE’

Our Pastor, Taiwo Enoch Olugbenga, remains the leader of Leicester’s Pastors’ Fellowship and this further affirms City of Favour’s active role in the City of Leicester.

4. Grant Making Policies

Under the “Agreement for Common Purposes”, RCCG CITY OF FAVOUR LEICESTER has agreed to make regular contributions to the Central Office Funds (COF) and the World Evangelism Mission (WEM) through RCCG Central Office UK. We support Africa Missions, an aid relief Agency to underprivileged people and communities, mainly in Africa. We also actively and strongly support other missionary organisations, such as Compassion UK, Festival of Life, Good Women Fellowship, Annual Conventions held at the RCCG National Headquarters.

4.3 Contributions Made by Volunteers

The charity enjoys the service of various volunteers, who contribute enormously in various areas of service provision, development and implementation of the church’s vision. The volunteers are encouraged to attend various training and development programmes organised by the charity

and other organisations which could also have a positive impact in their circular activities and add value to themselves.

4.4 Future Development

5.0 Financial Review

5.1 Principal Funding Sources

The Charity’s main source of fund this year has been through voluntary donations from members.

During the period, the charity received £136,775 in voluntary income , £52,347 in other income (mainly Gift Aid receivables and covid relief from National Lottery Fund and Voluntary Action Leicester), £28 from bank interest giving a total of £189,150. Total resources expended was £155,855 thus resulting in a surplus of £33,295 for the year.

This financial support (mainly from member donations) continues to enable the church to be self-sustaining in meeting its day-to-day operational needs, planned investments in its growth and in fulfilling a myriad of public benefit and charitable services.

As a result of sustainable income support streams a considerable number of Christian and Non-Christian organisations, charities, visiting ministers as well as various other charitable objectives and community needs are being continually met.

The present level of funding is adequate to support the continuation of the church objectives. The charity is aware of the need to have a documentary policy in place regarding reserve.

signed by: Olajumoke Ogungbemi

(Secretary)

Scope and Basis of the Financial Statements

The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice Accounting and Reporting by Charities published in March 2005.

Income

Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.

Expenses

Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Fixed assets

Fixed assets with an individual purchase value of £1000 or more are capitalised and stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:

Fixtures and fittings 33.3% straight line

Equipment 33.3% straight line

Vehicles Property 10% straight line

2020

INCOME

Tithe & Offering £136,774.85
Gift aid (Inland Revenue) £39,446.67
National Lottery Fund (Covid relief) £9,900.00
Voluntary Action Leicester £3,000.00
Bank
Interest £28.22
Total £189,149.74
EXPENDITURE Total
Employed Staff
Salaries 28,039.48
Income tax & National insurance contribution 5,415.11
Pension contribution 907.52
Allowances (travel, subsistence etc) 4,715.88
World Outreach Mission (WEM) 11,296.10
Conferences/Seminal 3,900.00
Remittance to Central Office 3,000.00
Catering/Refreshments 5,029.96
Transportation 5,766.42
Welfare 4,468.60
African Mission/ Community support/World outreach 2,347.00
Foreign Mission 5,930.00

Premises
Lease(Premises) 39,242.46
(H2O Bottles & Dispenser Rental) 237.30
Rent eg Hall & Reg of Premises, Guest accomodation 1,475.77
Cleaning 38.18
Electricity 3,870.78
Water rates 557.80
Insurance (Premises) 493.38
Licences 852.89
Youth Church (&Praise Jamz) 1,160.00
PPE 2,546.00
Covid relief (National lottery Fund) 9,900.00
Depreciation 1,213.32
New church (St Saviours)
Electricity 118.29
Furniture and Equipment
Purchase(incl Musical instruments etc) 5,122.93
Maintenance & Repairs 259.90
IT/Internet Access/sky subscription 1,007.96
Insurance for minibus 749.84
Running and maintenance of minibus 190.13

Daily Operations
Telephones 307.22
Stationery 220.66
Printing 100.80
Post/Carriage 147.63
Bank Charges 511.59
charges 635.80
Audit/ Accounting fees 4,078.00
-
TOTAL PAYMENTS 155,854.70
SUMMARY
Total
Income £189,149.74
Less Total Expenditure £155,854.70
Surplus/(Deficit) for Year £33,295.04
Available Balances £33,295.04

Balance Sheet

BalanceSheet
FY- FY-
[2019] [2020]
Current Assets
Cash
- Unrestricted 61,551
- Restricted (Building Fund) 74,785 48,085
- Restricted (Voluntary Action Leicester) 554
Accounts receivable
Pre-paid expenses
Other
Total 74,785 110,190
Non-Current Assets
Property and equipment 3,426 5,424
Deposit - Church Building
Freehold Building Improvements - St Saviours 72,724 107,831
Freehold Building - St Saviours 207,500 207,500
Less Accumulated Depreciation -1,213
Total 283,650 319,542
Other Assets
Charity
Total 0 0
Total Assets 358,435 429,731
Current Liabilities
Accounts payable
Accrued wages
Other
Total 0 0
Long-term Liabilities
Mortgage payable
Total 0 0
Owner Equity
Total Restricted/Unrestricted Funds 358,435 429,731
Total 358,435 429,731
Total Liabilities 358,435 429,731

Independent examiner's report on the accounts

Report to the trustees/members of RCCG City of Favour, Leicester
On accounts for the year ended Charity no
December 2020
1102245
set out on pages Eight - Ten of the Annual Report and Accounts

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 41 of the 1993 Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act

  4. have not been met ; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed Nana Omoarukhe Date 30/10/21 Name Nana Omoarukhe Qualification ACCA Address 101 Warwick Road, Broughton Astley LE9 6SA