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2020-12-31-accounts

Charity no 1106286

REDEEMED CHRISTIAN CHURCH OF GOD Kingdom Life Assembly Doncaster

Management Accounts

From 1st January 2020 to 31st December 2020

Prepared by DTT Consultancy Ltd

REDEEMED CHRISTIAN CHURCH OF GOD Kingdom Life Assembly Doncaster

Administrative Information

Financial Statement for 1st January to 31st December 2020 Registered Charity Number: 1106286 Trustees: John Babajide Pastor Adejumobi Sowole Folakemi Iroju Akanbi Registered Office: RCCG Kingdom Life assembly 27, Shotton Walk Doncaster. South Yorkshire. DN4 8GD Bankers: HSBC Bank 1 High Street Doncaster, South Yorkshire. DN1 1EE Independent Examiner: DTT Consultancy Ltd 36 Daffodil Close Hatfield Herts AL10 9FF

REDEEMED CHRISTIAN CHURCH OF GOD Kingdom Life Assembly Doncaster

REPORT OF THE TRUSTEES FOR 1ST JANUARY TO 31ST DECEMBER 2020

Introduction

It is with great pleasure that we present our Annual report and financial statements for the year ended 31[st ] December, 2020. The financial statement has been prepared in accordance with the provisions of the Statement of Recommended Practice [SORP] Accounting and Reporting by Charities issued in March 2005.

Structure, Governance and Management

Kingdom-life Assembly, Doncaster is a parish of the Redeemed Christian Church of God – a worldwide mission with parishes in 170 countries of the World. RCCG, Kingdom life Assembly as a charity is governed by two documents namely a Deed of Trust and Agreement of Common Purpose which regulates her conduct with the central body.

The trustees set and monitor the fundamental goals of the Charity but delegate authority to the Pastor and the management team to carry out the day to day operations.

Objectives and Activities of the Charity

The main objectives of the charity are:

  1. The advancement of the Christian religion

  2. Elimination of poverty by social and economic inclusiveness

In furtherance of the above objectives, the activities of the charity are classified under the following themes:

[a] Christian worship;

[b] Provide Bible based teachings and counselling to members and the public

[c] Teaching the value of prayer and praying for the neighbourhood, city and nations of the world particularly the United Kingdom.

[d] Play active roles in social action that impacts the community. Offer complimentary educational provision to children and young adults in the community and city at large.

[e] Forster unity and love among people of different race and nationalities.

Developments, Activities and Achievements in the Year

The Trustees are pleased to report that the Charity has been making steady progress in all spheres of its operation. This year was a challenging year for the chuch due the COVID 10 pandemic. The church had to move to online service via zoom. We couldnt do much of community involment in order to minimise the risk of infection. We also did our weekly activities online and we were able to get more members to attend. We will be hoping in the new year that things will get better.

Risk Management

The trustees are quite satisfied with the management of the finances to fulfil the charity objectives despite the unpredictable nature of our income.

Future Developments

The Trustees holds the opinion that efforts should be made to improve the aesthetic and the ambiance of the church building when it is viable financially to make it more user friendly and warm for all her users. Secondly, there is a strong need to work on the capacity building by increasing her team of volunteers in order to accommodate and service more people.

It is also the resolve of the charity to make better contribution to mission work in the coming year while we continue to pursue our church planting drive with increased vigour.

Thank you, Board of Trustees RCCG[KLA] Doncaster

Page 1

Independent Examiner's Report to the Trustees of REDEEMED CHRISTIAN CHURCH OF GOD Kingdom Life Assembly Doncaster For the year ended 31 December 2020

I report on the accounts for the year ended 31 December 2020 set out on pages four to nine. Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors for the purposes of company law) are responsible for the prepa 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 required. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of FCCA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of the 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 accounts pr with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seekin explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all th evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts pre 'true and fair view ' and the report is limited to those matters set out in the statements 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 which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Tunji Ogedengbe 36 Daffodil Close Hatfield Herts AL10 9FF

Date: 18th October 2021

Iration ol 'esenled ie sent a

RCCG Kingdom Life Assembly Doncaster Kingdom Life Assembly Doncaster Kingdom Life Assembly Doncaster 1106286
Annualaccountsforthe period
Period start date 01/01/2020 To Period end
date		 31/12/2020
Section A Statement of financial activities
Recommended
categories by activity
Details of own
analysis
Note
Incoming resources (Note 3)
Incoming resources from
generated funds
Voluntary income
S01
Gift aid received
S02
Insurance Received
S03
Incoming resources from
charitable activities
S04
Other incoming resources
S05
S06
Resources expended (Notes 4-8)
Grants
S09
Costs of generating
voluntary income
S10
Charitable Activities
S11
Management and
administration
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
Total resources expended
Total incoming resources
Total funds carried forward
Total funds brought forward
Net movement in funds
Net incoming/(outgoing) resources before
transfers
Prior Year Adjustment
Gains and losses on revaluation of fixed assets
for the charity’s own use
Other recognised gains/(losses)
Net incoming/(outgoing) resources before
other recognised gains/(losses)
Gross transfers between funds		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05
- - - - -
39,237 - - 39,237 38,707
- - - - 10,517
11,015 - - 11,015 -
- - - - -
- - - - -
50,253 - - 50,253 49,224
- - - - -
- - - - -
58,323 - - 58,323 47,713
2,225 - - 2,225 1,186
250 - - 250 500
60,798 - - 60,798 49,399
10,546
-		 - - 10,546
-		 175
-
- - - - -
10,546
-		 - - 10,546
-		 175
-
- - - - -
- - -
10,546
-		 - - 10,546
-		 175
-
77,384 - - 77,384 77,559
66,838 - - 66,838 77,384

Page 2

Section B Balance sheet AS AT 31 December 2020

Restricted

Fixed assets
Tangible assets (Note 9)
Investments (Note 10)
Total fixed assets
Current assets
Stock and work in progress
Debtors (Note 11)
(Short term) investments
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within
one year (Note 12)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
one year (Note 13)
Provisions for liabilities and charges
Net assets
Funds of the Charity
Unrestricted funds
Restricted income funds (Note 14)
Endowment funds(Note 15)
Total funds
Signed by		 Note
B01
B02
B03
B04
B05
B06
B07
B08
B09

B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20		 Unrestricted
funds
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05
68,470 - - 68,470 68,470
- - - - -
- - - - -
68,470 - - 68,470 68,470
- - - - -
7,881 - - 7,881 7,881
- - -
3,043 - - 3,043 1,283
10,924 - - 10,924 9,164
12,556 - - 12,556 250
- 1,632 - - - 1,632 8,914
66,838 - - 66,838 77,384
- - -
- - - - -
66,838 - - 66,838 77,384
66,838 66,838 77,384
-
- -
- -
66,838 - - 66,838 77,384
Date of
approval
Print Name
Signature
John Babajide 18/10/2021

Page 3

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

• and with*  Accounting Standards;

or Financial Reporting Standards for Smaller Enterprises (FRSSE);

[** except for the following].

Give details in this box if a different standard has been followed.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies

Page 4

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when:
resources  the charity becomes entitled to the resources;
 the trustees are virtually certain they will receive the resources; and
 the monetary value can be measured with sufficient reliability.
Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional
entitlement to the resources.
Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts which they relate.
Contractual income and This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
distributed by the charity.
Gifts in kind for use by the charity are included in the SoFA as incoming resources when
receivable.
Donated services and These are only included in incoming resources (with an equivalent amount in resources
facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and
material_._The value placed on these resources is the estimated value to the charity of the
service or facility received.
Volunteer help The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.
Investment income This is included in the accounts when receivable.
Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charity to pay out resources.
Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee
meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service
conditions or output to be provided, such grants are only recognised in the SoFA once the recipient of the
grant has provided the specified service or output.
Grants payable without These are only recognised in the accounts when a commitment has been made and there are
performance conditions no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs Support costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, eg allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use
These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity are valued at cost or a reasonable value on receipt.
Investments Investments quoted on a recognised stock exchange are valued at market value at the year
end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress These are valued at the lower of cost or market value.

Page 5

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Insurance received
Investment income
Incoming resources from
charitable activities
Voluntary income		 Analysis This year
Last year
£
£		 This year
Last year
£
£
Tithes & Offering 39,237 38,707
Gift aid received - 10,517
Total 39,237 49,224
11,015 -
- -
- -
- -
- -
Total 11,015 -
Interest -
- -
- -
- -
- -
Total - -
- -
- -
- -
- -
- -
Total - -

Page 6

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Cost of Charitable
Activities
Costs of generating
voluntary income
Management &
administration:
Fundraising trading
costs
Investment
management costs		 Analysis This year
Last year
£
£		 This year
Last year
£
£
Staff costs 32,000 28,000
Rent andRates - 3,019
Utilities 2,187 2,310
Transportation Expenses 776 1,098
Telephone 482 963
Office Equipment 725 250
PropertyRepairs & Maintenance 15,085 7,200
Hospitality 632 -
Insurance 2,505 2,338
Honourarium - 100
Admin/Office Expense 839 1,119
Training& Conference 666 527
New Parish 1,208 -
Motor Expenses 920 546
Other 300 244
Total 58,323 47,713
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
Total - -
WorldEvangelism Mission - -
FOL - 200
Offering to other RCCG parishes/centraloffice - -
Homemissionand otherChurchsocieties 500 230
Donation& Gifts 1,725 756
Total 2,225 1,186
IndependentExamination 250 500
BankCharges &Interest
Legaland professional fees - -
Total 250 500

Page 7

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

support costs.
Support cost type Fundraising activity
£		 Charitable Activity
£		 Governance Activity
£		 Total Cost
£
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Total - - - -

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses Nature of the expenses

Total amount paid

This year Last year
£ £

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Other fees (for example: advice, consultancy, accountancy
services) paid to the independent examiner or auditor
Independent examiner’s or auditors' fees for reporting on the
accounts		 This year
£		 Last year
£
250 250

Page 8

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

9.1 Cost or valuation
Balance brought
forward
Additions
Revaluations
Disposals
Transfers *
Balance carried
forward		 Mortgage
building
£		 Other land &
buildings
£		 Plant,
machinery
and motor
vehicles
£		 Fixtures,
fittings and
equipment
£		 Payments on
account and
assets under
construction
£		 Total
£
68,470 - - - 68,470
- - - - -
- - - - - -
- - - - - -
- - - - - -
68,470 - - - - 68,470

9.2 Accumulated depreciation and impairment provisions

*Basis*
 Rate
Balance brought
forward
Depreciation charge
for year
Impairment provisions
Revaluations
Disposals
Transfers
Balance carried
forward
Brought forward
Carried forward
9.3 Net book value*		 SL or RB SL or RB SL or RB SL or RB SL or RB SL or RB
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
68,470 - - - - 68,470
68,470 - - - - 68,470

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

Page 9

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors
Gift Aid
Amounts due from subsidiary and associated
undertakings
Other debtors
Prepayments and accrued income
Total		 Amounts falling due
within oneyear		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
6,500 6,500 - -
- - - -
1,381 1,381 - -
- - - -
7,881 7,881 - -

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

12.1 Analysis of creditors

12.1 Analysis of creditors
Loans and overdrafts
Trade creditors
Amounts due to subsidiary and associated
undertakings
Mortgage loan
Accruals and deferred income
Total		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
12,306 - - -
- - - -
250 250 -
12,556 250 - -

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

Page 10