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|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||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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|