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|Report ofthe Trustees|
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|Independent
Examiner's
Report|
|Statement ofFinancial Activities|
|Balance Sheet|
|Notes tothe Financial Statements|
|Detailed Statement ofFinancial Activities|
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|Statement ofFinanci|Activities||
|---|---|---|
|for the Year Ended 31December 2020|||
|||Notes|
|INCOME AND ENDOWMENTS FROM|||
|Donations
and legacies|||
|EXPENDITURE ON|||
|Raising funds|||
|Charitable
activities|||
|Charitable
activities|||
|Total|||
|NET INCOME/(EXPENDITURE)|||
|RECONCILIATION|OF FUNDS||
|Total funds brought forward|||
|TOTAL FUNDS CARRIED FORWARD|||
|31,12.20||31 12.19|
|---|---|---|
|Unrestricted||Total|
|fund||funds|
|||asrestated|
|||f.|
|114,516||158,172|
|||1,028|
|108,505||125,379|
|8,546||29,740|
|117,051||156,147|
|(2,535|)|2,025|
|(40,027|)|(42,052)|
|(42,562|)|(40,027 )|
|Balance Sheet
31December 2020||||
|---|---|---|---|
|||31.12.20|31.12.19|
|||Unrestricted|Total|
|||fund|funds|
||||as restated|
||Notes|||
|FIXEDASSETS||||
|Tangible assets||134,828|140,263|
|CURRENT ASSETS||||
|Cash at bank and in hand||(16,239)|(17,639)|
|CREDITORS||||
|Amounts
falling due within one year||(161,151)|(162,651)|
|NET CURRENT ASSETS/(LIABILITIES)||(177490)|(180,290)|
|TOTAL ASSETSLESSCURRENT LIABILITIES||(42,562)|(40,027)|
|NET ASSETS/(LIABILITIES)||(428562)|(40,027)|
|FUNDS|10|||
|Unrestricted
funds||(42,562)|(40,027)|
|TOTAL FUNDS||(42,562)|(40,027)|
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|Improvements
to properly
Plant and machinery|10%oncost
20%oncost|
|---|---|
|Fixtures and fittings|20%oncost|
|Motor vehicles|20%oncost|
|Computer equipment|20%oncost|
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|Investment
management|Investment
management|Investment
management|costs||||||
|---|---|---|---|---|---|---|---|---|
||||||||31.1220|31.12.19|
|||||||||as restated|
|Cleaning
and wastes||||||||1,028|
|TRIiSTEES' REMUNERATION||||AND BENEFITS|||||
|One trustee was engaged|||as a pastor|and paid f35,132as sttpend
and allowance for the year|||ended 31December|2020.(f28,282|
|for the year ended 31|Decembcr 2019).||||||||
|Trustees'
expenses|||||||||
|There were no trustees'||expenses paid for the year||||ended 31December 2020 nor for the year ended 31 December||2019.|
|STAFFCOSTS|||||||||
|The average monthly||number ofemployees|||during|the year was as follows:|||
||||||||31.12.20|31.12.19|
|||||||||as restated|
|Management|and support ststf||||||2|4|
|No employees
received|||emoluments|in excess off60,000.|||||
|COMPARATIVES FORTHESTATEMENT OFFINANCIAL ACTIVITIES|||||||||
|||||||||Unrestricted|
|||||||||fund|
|||||||||as restated|
|INCOME AND ENDOWMENTS||||FROM|||||
|Donations
and legacies||||||||158,172|
|EXPENDITURE ON|||||||||
|Raising funds||||||||1,028|
|Charitable
activities|||||||||
|Charitable
activities||||||||125,379|
|Other||||||||29,740|
|Total||||||||156,147|
|NET INCOME||||||||2,025|
|RECONCILIATION|||OFFUNDS||||||
|Total funds brought||forward||||||(42,052)|
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|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Improvements||Fixtures|
||to|Plant and|and|
||property|machinery
f|fittings|
|COST||||
|At 1 January 2020 and 31 December 2020|199,419|26,060|97,049|
|DEPRKCIATION||||
|At 1January 2020
Charge foryear|7S,690|19,932
4432|85)849|
|At 31December 2020|78,690|24464|85,S49|
|NET BOOKVALUK
At 31December 2020|120,729|1,796|11400|
|At 31December2019|120,729|6,128|11,200|
||Motor|Computer||
||vehicles
f|ettuipment|Totals
f|
|COST||||
|At 1January 2020 and 31December 2020|40,910|58465|421,803|
|DEPRECIATION||||
|At I January 2020
Charge foryear|40)910|56,159
1,103|2S1,540
5,435|
|At 31December 2020|40,910|57462|286875|
|NKT BOOKVALUE||||
|At 31December 2020||1,103|134,828|
|At 3IDecember 2019||2,206|140,263|
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|CREDITORS||:|AMOUNTS F|AL|LING DUE WITIIIN ONE YEAR||||
|---|---|---|---|---|---|---|---|---|
||||||||31.1220|31.12.19|
|||||||||asrestated|
|Other creditors|||||||161,151|i62,651|
|LOANS|||||||||
|An analysis ofthe maturity ofloans is given below:|||||||||
||||||||31.12.20|31.12.19|
|||||||||asrestated|
|Amounts
falling due within one year on demand:|||||||||
|Other Loans|||||||7,784|10,184|
|MOVE1VIKNT|||IN FUNDS||||||
||||||||Net||
||||||||movement|At|
|||||||At 1.1.20|in funds|31.12.20|
|Unrestricted|funds||||||||
|Genera! ftrnd||||||(40~027)|(2,535 )|(42 562)|
|TOTAL FUNDS||||||(40,027)|(2/35)|(42,562)|
|Net movement|||in funds, included||in the above are as follows:||||
|||||||Incoming|Resources|lviovement|
|||||||resources|expended|in funds|
||||||||f.||
|Unrestricted||funds|||||||
|General fund||||||114,516|(117,051)|(2435)|
|TOTAL FUNDS||||||114,516|(117,051)|(2,535)|
|Comparatives|||for movement|in|funds||||
||||||||'Net||
||||||||movement|At|
|||||||At 1,1.19|in funds|31.12.19|
|Unrestricted||funds|||||||
|General fund||||||(42,052 )|2,025|(40,027 )|
|TOTALFUNDS||||||(42,052)|2,025|(40,027)|
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|||Incoming|Resources|IrIovement|
|---|---|---|---|---|
|||resources|expended
f|in funds|
|Unrestricted|funds||||
|General fund||158,172|(156,147)|2,025|
|TOTALFUNDS||158,172|(156,147)|2,025|
|A ourrent yea|r 12months
and prior year 12months|
combined
position is as follows:|||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.1.19
f|in funds|31.12.20|
|Unrestricted|funds||||
|General fund||(42,052 )|(510)|(42,562)|
|TOTAL FUNDS||(42,052)|(510)|(42,562 )|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
||||f.|f.|
|Unrestricted|funds||||
|General fund||2'72,688|(273,198)|(510)|
|TOTAL FUNDS||272,688|(273,198)|(510)|
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|RCCG Livin
Faith Connections|RCCG Livin
Faith Connections||||
|---|---|---|---|---|
|Detailed Statement ofFinancial||Ac vities|||
|ferthe Year Ended 31December 2020|||||
||||31.12.20|31.12.19|
|||||asrestated|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Tithes and offerings|||112,937|134,890|
|Thanksgiving||||14,993|
|Building
fund||||8.289|
|Donations|||1,579||
||||114,516|158,172|
|Total incoming
resoumes|||1141516|158,172|
|EXPENDITURE|||||
|Investment
management|costs||||
|Cleaning
and wastes||||1,028|
|Charitable
activities|||||
|Wages
Hall hire|||10,565|1,334
36,815|
|Evangelism||||2,249|
|Welfare and benevolence|||300|300|
|Ministry
expenses||||5,838|
|World evangelical
mission|||1,895|2,299|
|Honorariums
-guest ministers|||200|1,000|
|Hospitality
Community
outreach activities|||2,798|2,500
3,950|
|Pastoral care|||3,627|1,853|
|Church
running
expenses|||2~722|2,350|
|RCCG oentral office|||1,200|1,100|
|Children
and youth ministry
Transport
and travelling
Equipment
repairs
Printing
and reprography
Music expenses
Conference
and meetings|||497
23$50|956
3,365
1,150
2,815
3,260
1,000|
|Media expenses
Stipend and allowance|||678
35,132|2,377
28,282|
|Volunteers
expenses||||3,586|
||||83,464|108,379|
|Other|||||
|Donation||||200|
|Carried forward||||200|
|forthe Year K|nd|ed31|D|ecember2
2|||
|---|---|---|---|---|---|---|
||||||31.12.20|31.12.19|
|||||||as restated|
|Other|||||||
|Brought forward||||||200|
|Storage cost|||||3,111|4,157|
|Equipment
hire||||||2,917|
|Plant and machinery|||||4@32|4,332|
|Computer
equipment|||||1,103|1,103|
||||||8,546|12,709|
|Support costs|||||||
|Management|||||||
|Wages|||||15400|2!300|
|Insurance|||||693|835|
|Light and heat||||||311|
|Telephone|||||1,519|1,455|
|Postage and stationery||||||270|
|Sundries||||||210|
||||||17412|24,381|
|Finance|||||||
|Baidr charges|||||1,968|3,489|
|Cards merchant||cost|||3J47|2,123|
||||||5,915|5,612|
|Information|technology||||||
|IT Support|||||414|838|
|Computing
and||internet||||2,300|
||||||414|3,138|
|Governance|coshi||||||
|Independent|examiner's|||fees|900|900|
|Total resources|expended||||117,051|156,147|
|Net (expenditure)/in|||some||(M35)|2,025|