| Redeemed Christian Church ofGod (RC Statement ofFinancial Activities |
CG) —Jubilee C | hurch Manchester. | ||
|---|---|---|---|---|
| ForThe Year Ended 31December 2020. | Unrestricted | |||
| Funds | 2020 | 2019 | ||
| Notes | ||||
| Income and Endowments | ||||
| From: | ||||
| Donations and Legacies |
520,901 | 520,901 | 884,011 | |
| Other trading activities | 81,446 | 81,446 | 29,195 | |
| Total incoming resources | 602,347 | 602,347 | 913&206 | |
| Expenditure On: |
||||
| Charitable activities |
218,852 | 218,852 | 293,260 | |
| Others | 369,209 | 369,209 | 501,060 | |
| Total resources expended | 588,060 | 588,060 | 794,320 | |
| Net gains on investment | ||||
| Net expenditure | 14,286 | 14,286 | 118,886 | |
| Net expenditure before other gains/flosses) |
118,886 | |||
| Other gains and losses | ||||
| Net movement in funds |
14/86 | 14,286 | 118,886 | |
| Reconciliation offunds: | ||||
| Total funds brought forward |
1,061,643 | 1,061,643 | 942,757 | |
| Total funds carried forward | 1,075,929 | 1,075,929 | 1,061,643 |
| Notes | ||||
|---|---|---|---|---|
| Fixed Assets | ||||
| Tangible assets | ||||
| Current Assets | ||||
| Debtors | ||||
| Cash at bank | sc in hand | |||
| Creditors Amount | Falling due within One year | 9 | ||
| Net Current | Assets/(Liabilities) | |||
| Total Assets | less Current Liabilities | |||
| Creditors: Amounts | Falling due after more than | one | year | |
| Net Assets | ||||
| Represented | by | |||
| Accumulated | Fund | |||
| Restricted funds | ||||
| Unrestricted | funds | 10 | ||
| Reserves | ||||
| Total funds |
| 2020 | 2019 |
|---|---|
| 851,907 | 877,476 |
| 32,661 | 59,509 |
| 225,704 | 168,141 |
| 258,365 | 227,650 |
| 34,343 | (43,483) |
| 224,022 | 184&167 |
| 1,075&929 | 1,061,643 |
| (00) | |
| 1,075,929 | 1,061,643 |
| 1,075,929 | 1,061,643 |
| 1,075,929 | 1,061,643 |
| Statement ofCash Fl ForThe Year Ended |
ows 31December |
2020. | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Cash Qows from operating | activities | |||
| Net (expenditure)/Income | per Statement ofFinancial Activities | 14,286 | 118,&86 | |
| Adjustments for: |
||||
| Depreciation ofproperty, plant and equipment |
25,569 | 25,563 | ||
| Loss on diposal ofTangible | fixed assets | |||
| Decrease/(increase) in trade |
and other receivables | 26,848 | (7,717) | |
| (Decrease)/Increase in trade |
and other payables | 9,140 | 1,565 | |
| Net cash used in operating | activities | 57,563 | 135,167 | |
| Cash flow from investing activities |
||||
| Purchases ofproperty, plant |
and equipment | 13,426 | ||
| Net cash used in investing | activities | 13,426 | ||
| Cash Qow from financing activities |
||||
| Net cash used in financing | activities | |||
| Net increase/(decrease) in cash and cash equivalents |
57,563 | 121,741 | ||
| Cash and cash equivalents | at the beginning | ofthe year | 168,141 | 46,400 |
| Cash and cash equivalents | at the end ofthe | year | 225,704 | 168,141 |
| Component ofcash and cash equivalents | ||||
| Cash and bank balances | 225,704 | 168,141 | ||
| 225,704 | 168,141 |
| 1.)Accounting Policies |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Basis ofpreparing the financial statements |
|||||||||||||||
| The financial statements have been prepared in accordance |
with Statement ofRecommended Practice: |
||||||||||||||
| Accounting and Reporting by Charities preparing |
their | accounts in | accordance | with the financial Reporting | Standard | applicable | in the UK | ||||||||
| and Republic ofIreland (FRS 102)issued on 16July 2014 | and the | Financial | Reporting Standard |
in the United Kingdom | and Republic of | ||||||||||
| Ireland and the Charities Act 2011. | |||||||||||||||
| Changes in basis ofaccounting orto previous |
accounts | ||||||||||||||
| There has been no change to the accounting policies (valuation rules and |
method ofaccounting) | since last | year and no | changes | have | ||||||||||
| been made to account for previous years. |
|||||||||||||||
| Fund accounting | |||||||||||||||
| Unrestricted funds: |
|||||||||||||||
| These are available for use at the discretion ofthe trustees | in furtherance | of | the general objects | ofthe 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 ofinvestment | assets at | their market value. | |||||||||||
| Restricted funds: | |||||||||||||||
| These are available for use subject to restrictions | imposed | by the donor or through terms ofan |
appeal. | ||||||||||||
| Income | |||||||||||||||
| Recognition ofincome: | |||||||||||||||
| Income is included in the Statement ofFinaancial | Activities | (SoFA) | when | the | charity becomes entitled to, | and virtually | certain | to receive | |||||||
| the income and the amount ofthe income can be | measured | with sufficient reliability. | |||||||||||||
| Income with related expenditure: | |||||||||||||||
| Where income has related expenditure the income and |
related expenditure | is reported gross in the SoFA. | |||||||||||||
| Donations and legacies: |
|||||||||||||||
| Voluntary income received by way ofgrants, donations |
and | gifts is | included | in | the SoFA when receivable | and only when the Charity has | |||||||||
| unconditional entitlement to the income |
|||||||||||||||
| Tax reclaims on donations and gifts: |
|||||||||||||||
| Income from tax reclaims is includedin the SoFA |
at the | same time | as the | gift/donation to which |
it relates. | ||||||||||
| Donated services and facilities: | |||||||||||||||
| These are only included in income (with an equivalent amount in expenditure |
where the benefit | to the Charity is reasonably quantifiable |
|||||||||||||
| measurable and material. |
|||||||||||||||
| Volunteer help: | |||||||||||||||
| The value ofany volunteer help received is not included |
in | the accounts. | |||||||||||||
| Investment income: |
|||||||||||||||
| This is included in the account when receivable. |
|||||||||||||||
| Gains/(losses) on revaluation offixed assets: |
|||||||||||||||
| This indudes any gain or loss resulting from revaluing investments |
to market | valus at the end ofthe year. | |||||||||||||
| Gains/posses) on investment assets: |
|||||||||||||||
| This includes any gain or loss on the sale ofinvestments. |
|||||||||||||||
| Expenditures | |||||||||||||||
| Recognition ofexpenditure: | |||||||||||||||
| Expenditure is recognised on an accrual basis. Expenditure |
includes | any VAT which cannot be fully recovered, and is | reported | as part | |||||||||||
| ofthe expenditure to which it relates. |
| Tangible Gxed assets a | nd depreciation | : | |
|---|---|---|---|
| Depreciation is provided |
at the following | annual rates in order to write offeach asset over its estimated | useful life: |
| Leasehold Property | 2% | ||
| Plant and Machinery | 10% | ||
| Motor Vehicle | 10% | ||
| Fixtures and Fittings | 10% |
| ForThe Year Ended | 3 | 1December 2020 | . | |||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| 2.Statement ofFinancial Activities - prior year | Funds | |||||
| 2019 | 2019 | |||||
| Notes | ||||||
| Income and Endowments | ||||||
| From: | ||||||
| Donations and Legacies |
884,011 | 884,011 | ||||
| Other trading activities |
29,195 | 29,195 | ||||
| Total incoming resources | 913,206 | 913,206 | ||||
| Expenditure On: |
||||||
| Charitable activities |
293,260 | 293,260 | ||||
| Others | 501,060 | 501,060 | ||||
| Total resources expended | 794,320 | 794,320 | ||||
| Net gains on investment | ||||||
| Net expenditure | 118,886 | 118,886 | ||||
| Net expenditure before other |
gains/l1osses) | 118,886 | 118,886 | |||
| Other gains and losses | ||||||
| Net movement in funds |
118,886 | 118,886 | ||||
| Reconciliation offunds: | ||||||
| Total funds brought forward |
942,757 | 942,757 | ||||
| Total funds carried forward | 1,061,643 | '1,061,643 | ||||
| 3,Expenditure on charitable |
activities | Unrestricted | ||||
| Funds | 2020 | 2019 | ||||
| Expenditure on charitable |
activities | |||||
| World evangelical mission |
387 | 387 | 11,881 | |||
| Youth outreach | 759 | 759 | 8,870 | |||
| Charity shop expenses | 1,123 | |||||
| Food Bank | 2,600 | 2,600 | 3,438 | |||
| 3,746 | 3,746 | 25,312 |
| 4.Other expenditures | 4.Other expenditures | Unrestricted | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | 2020 | 2019 | |||||||
| Employee costs | 192,682 | 192,682 | 155,300 | ||||||
| Motor and tavel costs | 18,675 | 18,675 | 32,979 | ||||||
| Premises costs | 109,708 | 109,708 | 122,214 | ||||||
| Amortisation, depreciation, |
impairment, | profit/loss | on disposal | offixed assets | 25,569 | 25,569 | 25,563 | ||
| General administrative | costs | 19,452 | 19,452 | 16,652 | |||||
| Legal and professional | costs | 3,123 | 3.123 | 148,352 | |||||
| 369,209 | 369,209 | 501,060 | |||||||
| 5.Net expenditures | before transfers | ||||||||
| 2020 | 2019 | ||||||||
| This is stated after charging: | |||||||||
| Depreciation ofowned | fixed assets | 25,569 | 25,563 | ||||||
| 6.Staffcosts | |||||||||
| Salaries and wages | 172,439 | 146,078 | |||||||
| Social security costs | 17,771 | 7,453 | |||||||
| Pension costs | 2,472 | 1,706 | |||||||
| 192,682 | 155,237 | ||||||||
| The average monthly | number offull time | equivalent | employees | during the year was as follows: | |||||
| 2020 | 2019 | ||||||||
| Number | Number | ||||||||
| Administration and management |
| Redeemed Christian Church ofGo Notes to the Account (Cont.) ForThe Year Ended 31 December |
Redeemed Christian Church ofGo Notes to the Account (Cont.) ForThe Year Ended 31 December |
d (RCCG) —Jubi 2020. |
lee Church | Manchester. | ||
|---|---|---|---|---|---|---|
| 7.Tangible Fixed Assets | Land and | Plant and | Motor | Fixtures and | Totals | |
| Building | Machinery | Vehicles | Gttings | |||
| Cost | ||||||
| As at 1January | 2020. | 1,097,852 | 5,620 | 40,642 | 1,144,114 | |
| Additions | ||||||
| Disposal | ||||||
| As at 31December 2020. | 1,097,852 | 5,620 | 40,642 | 1,144,114 | ||
| Depreciation | ||||||
| As at 1January | 2020. | 241,228 | 2,529 | 22,881 | 266,638 | |
| Depreciation charge for this period |
21,957 | 562 | 3,050 | 25,569 | ||
| Disposal | ||||||
| As at 31December 2020. | 263,185 | 3,091 | 25,931 | 292/07 | ||
| Net Book Value | ||||||
| As at 31December 2020. | 834,667 | 2,529 | 14,711 | 851,907 | ||
| As at 31December 2019. | 856,624 | 3,091 | 17,761 | 877,476 | ||
| 8.Debtors | ||||||
| 2020 | 2019 | |||||
| Other debtors | 6,100 | 6,100 | ||||
| Tax refunds due |
5,474 | 10,994 | ||||
| Prepayments and accrued income |
21,087 | 42,415 | ||||
| 32,661 | 59&509 | |||||
| 9.Creditors: | ||||||
| Amounts falling due within one year |
2020 | 2019 | ||||
| Other taxes and | social security | 4,994 | 4,760 | |||
| Other creditors | ||||||
| Accruals and deferred income | 29,349 | 38,723 | ||||
| 34,343 | 43,483 |
| 10.Movement in funds | 10.Movement in funds | As at1 | As at1 | Incoming | Resources | As at 31 | As at 31 | ||
|---|---|---|---|---|---|---|---|---|---|
| January 2020 | resources | expended | December | 2020 | |||||
| Restricted funds: | |||||||||
| Unrestricted funds: |
|||||||||
| General funds | 1,061,643 | 602,347 | (588,060) | 1,075,929 | |||||
| Revaluation reserves |
|||||||||
| Total funds | 1,061,643 | 602,347 | 588,060 | 1,075,929 | |||||
| Unrestricted | |||||||||
| 11.Analysis ofnet assets between funds | funds | Total | |||||||
| Amounts falling due |
within one year | ||||||||
| Fixed assets | 851,907 | 851,907 | |||||||
| Net current assets | 224,022 | 224,022 | |||||||
| 1,075,929 | 1,075,929 | ||||||||
| 12.Commitments | |||||||||
| Annual commitments |
under non-cancellation | operating | leases are as follows: | ||||||
| 2020 | 2020 | 2019 | 2019 | ||||||
| Land | and | Land and | |||||||
| Buildings | Other | Building | Other | ||||||
| Operating lease with expiry date: |
|||||||||
| Over five years | 4,200 | ||||||||
| 4,200 | |||||||||
| Pension commitments | |||||||||
| 2020 | 2019 | ||||||||
| The pension cost charge to the charity amounted | to | 2,472 | 1,706 | ||||||
| 2,472 | 1,706 |
| Detailed Stat |
eme |
nt |
OfFina |
ncial Activities. |
|||
|---|---|---|---|---|---|---|---|
| ForThe Year | En | ded | 31De | cember 2020. | Unrestricted | ||
| Funds | 2020 | 2019 | |||||
| Income and Endowments | from: | ||||||
| Donations and Legacies |
520,901 | 520,901 | 715,042 | ||||
| 520,901 | 520,901 | 715,042 | |||||
| Other trading activities |
|||||||
| Grant —HMRC |
13,956 | 13,956 | |||||
| Gift Aid —HMRC |
65,238 | 65,238 | 168,969 | ||||
| Other income | 326 | 326 | 16,865 | ||||
| Shop income | 1,926 | 1,926 | 12,330 | ||||
| 81,446 | 81,446 | 198,164 | |||||
| Total incoming | resources | 602,347 | 602,347 | 913,206 | |||
| Expenditure On: |
|||||||
| Charitable activities |
|||||||
| Word evangelical | mission | 387 | 387 | 11,881 | |||
| Youth outreach | 759 | 759 | 8,870 | ||||
| Charity shop expenses | 1,123 | ||||||
| Food bank | 2,600 | 2,600 | 3,438 | ||||
| Conferences and hospitality |
11,570 | 11,570 | 33,264 | ||||
| Computer consumables |
5,286 | 5,286 | 5,141 | ||||
| Men fellowship | 600 | 600 | 750 | ||||
| Widows and single mothers | 9,000 | ||||||
| Funeral expenses | |||||||
| Welfare and support | 11,863 | 11,863 | 5,817 | ||||
| Gifts | 1,626 | 1,626 | 3,640 | ||||
| Music ministry | 2,200 | 2,200 | 3,009 | ||||
| Festival ofpraise | 155,137 | 155,137 | 168,072 | ||||
| Honourarium | 18,305 | 18,305 | 21,559 | ||||
| Donations | 3,800 | 3,800 | 7,100 | ||||
| Vending machine | expenses | 158 | 158 | 2,090 | |||
| Equipment Hire and Technical Equipment |
4,560 | 4,560 | 8,506 | ||||
| 218,852 | 218,852 | 293760 | |||||
| Total ofexpenditure | on charitable | activities | |||||
| Employee Costs |
|||||||
| Salaries and wages | 172,439 | 172,439 | 146,078 | ||||
| Employer's NIC |
17,771 | 17,771 | 7,453 | ||||
| Pension costs | 2,472 | 2,472 | 1,705 | ||||
| Staff recruitment | 64 | ||||||
| 192,682 | 192,682 | 155,300 |
| ForTheYearEnd | ed3 | Db2020 | |||
|---|---|---|---|---|---|
| ecemer . | Unrestricted | ||||
| Funds | 2020 | 2019 | |||
| Motor and travel costs | |||||
| Vehicles —General costs Travel and Subsistence |
3,316 15,360 |
3,316 15,360 |
5,187 27,792 |
||
| 18,675 | 18,675 | 32,979 | |||
| Premises costs | |||||
| Rent | 4,283 | 4,283 | 20,787 | ||
| Rates | 4,546 | 4,546 | 5,579 | ||
| Light, heat and power | 16,249 | 16,249 | 22,338 | ||
| Premises cleaning Premises insurance Premises repairs and maintenance |
9,651 7,001 5,936 |
9,651 7,001 5,936 |
4,579 7,562 4,941 |
||
| Security | 62,040 | 62,040 | 56,429 | ||
| 109,708 | 109,708 | 122/15 | |||
| General administrative | costs, | ||||
| including depreciation |
and amortisation: | ||||
| Depreciation ofLand and Building Depreciation ofPlant and Machinery |
21,957 562 |
21,957 562 |
21,957 373 |
||
| Depreciation of Motor Vehicles | |||||
| Depreciation ofFixtures and Fittings Loss on disposal oftangible fixed assets |
3,050 | 3,050 | 3,233 0 |
||
| Bank charges | 701 | 701 | 891 | ||
| Stationery and printing |
1,955 | 1,955 | 2,767 | ||
| Sundry expenses | 2 | ||||
| Telephone, fax and broadband |
16,796 | 16,796 | 11,022 | ||
| Advertising | 1,969 | ||||
| 45,021 | 45,021 | 42,214 | |||
| Legal and professional | costs | ||||
| Audit/Independent examination |
fees | 3,123 | 3,123 | 9,622 | |
| Consultancy fees |
|||||
| Other legal and professional costs |
17,540 | ||||
| HMRC Cost Total ofexpenditure of |
other costs | 3123 | 3123 | 121,190 148,352 |
|
| Total ofexpenditure | 588,060 | 588,060 | 794,320 | ||
| Net gains on investments | |||||
| Net expenditure before |
other gains and losses | 14,286 | 14,286 | 118,886 | |
| Net movement in funds |
14/86 | 14,286 | 118,886 |