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2020-12-31-accounts

Charity number: 1105082

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

UNAUDITED

TRUSTEES REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

CONTENTS
Page
Reference and administrative details of the charity, its trustees, and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6 - 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 16

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020

General Overseer

Pastor E A Adeboye

Trustees

Pastor Ezim Eneli Pastor Bolanle O Ojeh Pastor Adebayo Fisher Dr. Seyi Adesina

Charity registered number

1105082

Principal office

Rehoboth Centre, Unit 1 Clydesmuir Industrial Estate, Clydesmuir Road, Cardiff, CF24 2QS

Pastor in Charge

Pastor Edwin Egede

Bankers

HSBC Bank Plc, 94 Albany Road, Cardiff, CF24 3RT

Page 1

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their annual report together with the financial statements of Redeemed Christian Church of God ('RCCG') Garden of the Lord (the church) for the ended 31 December 2020. The Trustees confirm that the Annual report and financial statements of the church have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014.

Structure, governance, and management

a. CONSTITUTION

The church is constituted under a Trust deed dated 5th July 2004 and is a registered charity number 1105082.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the Pastor in Charge on the powers and responsibilities of the Trustees.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the trustees meet regularly to manage its affairs.

e. CONNECTED CHARITIES

The Church 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."

f. RISK MANAGEMENT

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 those systems and procedures are in place to mitigate our exposure to the major risks.

Page 2

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

Objectives and Activities

a. POLICIES AND OBJECTIVES

The objectives of the church are:

Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.

b. STRATEGIES FOR ACHIEVING OBJECTIVES

The church has adopted the following strategies for achieving the above objectives:

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

The church in pursuant of her objectives organised program of events which were open to all throughout the period. There were on a regular basis Christian worship services in addition to teaching sessions.

d. VOLUNTEERS

The church is grateful for the unstinting efforts of its volunteers who are involved in service provision, charity activities and fundraising. Due to the Covid Pandemic, the number of volunteer hours was reduced, and it is estimated that over 5,408 volunteer hours were provided during the year. If this is conservatively valued at £7.50 an hour the volunteer effort amounts to over £40,560.00

Achievements and performance

a. REVIEW OF ACTIVITIES

How our activities deliver public benefit.

In addition to its usual Sunday and weekly services, the church carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities summarised below provide benefit to those who worship at our church and the wider community:

All are welcomed to attend our regular services. At present, the congregational size of the church ranges from 50 to 70 members consisting of families permanently resident in Cardiff and students studying in three major universities – Cardiff University, University of South Wales, and Cardiff Metropolitan University.

The Church is keen to offer a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. For example, we provide prayers and worship open to the members of the community at different times in the week. Due to the Covid Pandemic, a number of the weekly meetings were held online.

Page 3

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

We have been successful in welcoming new families into our church and have a Worship Service with teachings specifically directed to family issues on the morning of the 3rd Sunday of each month.

We also have a group within the church called Tabitha, which has outreaches towards different groups in the Community, including the elderly. Furthermore, we have another group that outreaches towards the homeless in the community. Unfortunately, due to the Covid Pandemic we were unable to meet with these groups physically. However, we were able to use technology to reach out to some of these groups. For instance, we sent video recordings and made phone calls to the elderly to encourage them. We also raised funds for charities across Cardiff that work closely with the homeless, elderly and those in need.

In line with our charitable objectives, during the 2020 Christmas festivities, we donated and presented gift cards to families in the neighboring streets around the church premises. Again, like previous years this was received positively by the neighborhood.

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. 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. The trustees recognises that the balance on the General Fund does not reach the target level of free reserves and are considering ways in which additional unrestricted funds will be raised.

Plans

a. FUTURE DEVELOPMENTS

The Charity intends to continue to improve its administrative structure to ensure a better attainment of her objectives and ensure continued growth.

The charity also intends to take further steps to encourage more families and youths in the community to be part of the church by arranging more programs directed towards families and youths. The church maintains a commitment to invest in children and youth development with the aim to making them successful and responsible citizens and enhance their spiritual growth. The youths would especially be encouraged to join the church’s discipleship and mentoring programs if they wish. In addition, we intend to put in place programs that would build up families and provide support for university students.

Page 4

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each budget year which give a true and fair view of the state of affairs of the church and of the incoming resources and application of resources of the church for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the church and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees on

and signed on their behalf, by:

Pastor Ezim Eneli

Page 5

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

I report on the financial statement of the Trust for the year ended 31 December 2020 which are set out on pages 9 to 17.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's Trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Page 6

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as 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 financial statements present a 'true and fair view’, and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

About my examination, no matter has come to my attention:

Signed:

Dated: 2 September 2021

O. O. Osibanjo (AMCT)

4 Jinty Lane Mangotsfield, Bristol BS16 9QZ

Page 7

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

STATEMENT OF FINANCIAL ACTIVITIES (incorporating income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2020

INCOMING RESOURCES
Incoming resources from generated funds:
Note
Unrestricted
Funds
2020
£
Voluntary income
2
75,890
TOTAL INCOMING RESOURCES
75,890
RESOURCES EXPENDED
Charitable activities
10
60,672
Governance costs
6
1,706
TOTAL RESOURCES EXPENDED
9
62,378
MOVEMENT IN TOTAL FUNDS FOR THE YEAR – NET
INCOME/(EXPENDITURE) FOR THE YEAR
13,512
Total funds at 1 January 2020
19,779
TOTAL FUNDS/(DEFICIT) AT 31 DECEMBER 2020
33,291		 Total
Funds
2019
£
88,103
88,103
67,525
7,239
74,764
13,547
6,232
19,779

The notes on pages 11 to 17 form part of these financial statements.

Page 8

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

BALANCE SHEET AS AT 31 DECEMBER 2020

FIXED ASSETS
2020
Note
£
£
£
Tangible fixed assets
135,026
CURRENT ASSETS
Debtors/Receivables
14-
763
Cash at bank and in hand48,598
28,376
CREDITORS:amounts falling due within
48,598
29,139
one year
15 (20,333) (14,599)
NET CURRENT LIABILITIES
28,265

TOTAL ASSETS LESS CURRENT LIABILITIES
33,291
CHARITY FUNDS
Unrestricted funds/(deficit)
16
33,291
TOTAL FUNDS/(DEFICIT)
33,291
The financial statements were approved and authorised for issue by the Trustees on
signed on their behalf, by:		 £

763
28,376
29,139
(14,599)		 2019
£
5,239
14,540
19,779
19,779
19,779
and

Pastor Ezim Eneli

Dr. Seyi Adesina

The notes on pages 10 to 16 form part of these financial statements.

Page 9

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

1.1 B a s i s of preparation of financial statements

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014.

1.2 F u n d accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the church and which have not been designated for other purposes.

1.3 I n c o m i n g resources

All incoming resources are included in the Statement of financial activities when the Trust is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.4 R e s o u r c e s expended

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to activities, they have been allocated on a basis consistent with the use of the resources.

Support costs are those costs incurred directly in support of expenditure on the objects of the church and include project management carried out at Headquarters. Governance costs include the costs of governance arrangements which relate to the general running of the charitable company. These activities provide the governance infrastructure which allows the charity to operate and to generate the information required for public accountability. They include the strategic planning processes that contribute to future development of the charitable company

Page 10

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES (continued)

1.5 T a n g i b l e fixed assets and depreciation

All assets costing more than £500 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Music and church equipments - 25% reducing balance Office equipment - 25% reducing balance

2. VOLUNTARY INCOME

3.


Collections and donations
Tithes
Offering
Thanksgiving
Profit on sale of asset
Collection at other services
Gift aid income tax recoverable
Total
DONATIONS TO ADVANCE CHRISTIAN FAITH WORLDWIDE
Donations to institutions		 Unrestricted
Funds
2020
£
75,890
2020
£
52,620
21,809
1,461
-
-
-
75,890
Unrestricted
Funds
2020
£
13,159


Total
Funds
2019
£
88,310
2019
£
49,287
22,757
2,458
208
-
13,600
88,310
Total
Funds
2019
£
11,845

Page 11

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

4. LIST OF INSTITUTIONAL DONATIONS PAYABLE

2020 2019
Name of institution Donation’s description
£		 £
1. World Evangelism Mission Advancement of Christian faith 9,776 8,856
2. Festival of Life Advancement of Christian faith - -
3. RCCG - Central Office Advancement of Christian faith 600 600
4. African Mission Advancement of Christian faith 193 1,099
5. Other RCCG Parishes Advancement of Christian faith 1,900 850
6. Secular charities and relief of poverty Advancement of Christian faith 240 240
7.Other Charities
 Advancement of Christian faith **450 ** 200

13,159 11,845

5. EXPENDITURE BY CHARITABLE ACTIVITY SUMMARY BY FUND TYPE

UMMARY BY FUND TYPE
Donations
Advancement of Christian Faith Worldwide		 Unrestricted
Funds
2020
£
Total
Funds
2019
£
14,322
15,670
46,350
51,855
60,672
67,525

SUMMARY BY EXPENDITURE TYPE

Donations
Advancement of Christian Faith
Worldwide		 Staff cost
2020
£
Depreciation
2020
£
Other cost
2020
£
Total
2020
£
Total
2019
£
1,163
-
13,159
14,322
15,670
-
640
45,710
46,350
51,855
1,162
640
60,576
60,672
67,525

Page 12

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

6. GOVERNANCE COSTS

Independent examiners fees
Legal & professional
Accountancy fees
Depreciation - tangible fixed assets		 Unrestricted
Funds
2020
£
Total
Funds
2019
£
800
800
-
-
-
-
906
6,439		 Unrestricted
Funds
2020
£
Total
Funds
2019
£
800
800
-
-
-
-
906
6,439
1,706 7,239

7. DIRECT COSTS

Basis of
Allocation
Activities
£
Visiting ministers’ expenses
Actual
-
Wages and salaries
Actual
1,163
National insurance
Actual
-
1,163
SUPPORT COSTS
Basis of
Allocation
Premises cost
Actual
Music & equipment
Actual
Hire of equipment
Actual
Security costs
Actual
Building repairs
Actual
Printing & Stationery
Actual
Insurance
Actual
Bookstalls
Actual
Sundry Church Expenses
Actual
Bank charges
Actual
Motor Expenses
Actual
Travel
Actual
Advertising
Actual
Telephone & Communication
Actual
Electricity & Gas
Actual
Seminars & conferences
Actual
Depreciation
Actual		 Advanceme
nt of Chris
£
2,100
-
-
2,100
Advanceme
nt of Chris
£
26,899
-
-
-
3,164
373
2,704
-
3,213
-
236
83
437
630
4,637
1,234
640
44,250		 Total
2020
£
2,100
1,163
-
3,263
Total
2020
£
26,899
-
-
-
3,164
373
2,704
-
3,213
-
236
83
437
630
4,637
1,234
640
44,250		 Total
2019
£
3,151
3,825
-
6,976
Total
2019
£
27,475
-
-
-
1,520
621
3,641
-
5,708
10
2,688
477
420
653
4,101
874
516
48,704

8. SUPPORT COSTS

Page 13

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

9. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE

Donation
Advancement of Christian
Faith Worldwide
Charitable activities
Governance		 Staff costs D e p r e c i a t i o n
Total
2020
£
2020
£
2020
£
1,163
-
13,159
-
640 45,710
1,163
640
58,869
-
906
800
1,163
1,546
59,669		 Other Costs
Total
2020
£
2019
£
14,322
15,670
46,350
51,855
60,672
67,525
1,706
7,239
62,378
74,764		 Other Costs
Total
2020
£
2019
£
14,322
15,670
46,350
51,855
60,672
67,525
1,706
7,239
62,378
74,764
67,525
7,239
74,764

10. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES


Donations
Advancement of Christian
Faith Worldwide
Total		 3,263
Activities
undertaken
directly
2020
£
1,163
2,100		 13,159
Donation
fundingof
activities
2020
£
13,159
-		 44,250
Support
Costs
2020
£
-
44,250		 60,672
Total
2020
£
14,322
46,350		 Total
2019
£
15,670
51,855
67,525

11. NET INCOME / (EXPENDITURE)

This is stated after charging:

2020 2019
£ £
Depreciation of tangible fixed assets:
- owned by the charity 1,546 6,955
Independent examiners fees 800 800
Independent examiners fee - other - -

During the year, no Trustees received any remuneration (2020 - £NIL). During the year, no Trustees received any benefits in kind (2020 - £NIL). During the year, no Trustees received any reimbursement of expenses (2020 - £NIL)

Page 14

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

12. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs		 2020
£
2019
£
1,163
3,825
-
-
1,163
3,825

The average monthly number of employees during the year was as follows:

2020 2019
No. No.
Administrator 1 1

No employee received remuneration amounting to more than £60,000 in either year.

13. TANGIBLE FIXED ASSET

Music and
church equipment £
fittings and Motor Vehicle £
Cost
At 31 December 2020
7,415
20,660
Depreciation
At 1 January 2020 Charge
for the year
4,853
640
16,650
906
At 31 December 2020
5,493
17,556
Net book value
At 31 December 2020
1,922
3,104
At 31 December 2020
2,004
3,235		 Total £
28,075
21,503
1,546
23,049
5,026
5,239

14. DEBTORS

DEBTORS
2020 2019
£ £
Other debtors - 763

Page 15

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

15. CREDITORS: Amounts falling due within one year

Social security and other taxes
Other creditors
Accruals and deferred income
ATEMENT OF FUNDS
Unrestricted funds
General Funds
SUMMARY OF FUNDS
General Funds		 Brought
Forward
£
Incoming
resources
£
19,779
75,890		 2020
£
2019
£
-
-
-
-
20,333
14,599
20,333
14,599
Resources
Expanded
£
Carried
Forward
£
(62,378)
33,291
Brought
Forward
£
Incoming
resources
£
19,779
75,890		 Resources
Expanded
£
Carried
Forward
£
(62,378)
**33,291 **

16. STATEMENT OF FUNDS

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible fixed assets
Current assets
Creditors due within one year		 Unrestricted
Funds
2020
£
Total
Funds
2019
£
5,026
5,239
48,598
29,139
(20,333)
(14,599)
33,291
19,779

.

Page 16