2021-12-31-accounts - Redeemed Christian Church Of God Kingdom-Life Assembly

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Charity no 1106286

REDEEMED CHRISTIAN CHURCH OF GOD Kingdom Life Assembly Doncaster

Management Accounts

From 1st January 2021 to 31st December 2021

Prepared by DTT Consultancy Ltd

REDEEMED CHRISTIAN CHURCH OF GOD Kingdom Life Assembly Doncaster

Administrative Information

Financial Statement for 1st January to 31st December 2021	Financial Statement for 1st January to 31st December 2021
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 2021

Introduction

It is with great pleasure that we present our Annual report and financial statements for the year ended 31[st ] December, 2021. 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:

The advancement of the Christian religion
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 2021

I report on the accounts for the year ended 31 December 2021 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 preparation 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:

examine the accounts under Section 43 of the 1993 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and
to state whether particular matters have come to my attention.

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 present with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 accounts present a '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

to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(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: 9th August 2022

RCCG	Kingdom Life Assembly Doncaster	Kingdom Life Assembly Doncaster	Kingdom Life Assembly Doncaster		1106286
	Annualaccountsforthe period
	Period start date	01/01/2021	To	Period end date	31/12/2021

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 Grants 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 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 *Total resources expended* *Total incoming resources*		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		36,998	-	-	36,998	39,237
		14,235	-	-	14,235	-
		3,100	-	-	3,100	11,015
		4,000	-	-	4,000	-
		-	-	-	-	-
		58,333	-	-	58,333	50,253

		-	-	-	-	-
		-	-	-	-	-
		65,444	-	-	65,444	58,323
		1,500	-	-	1,500	2,225
		1,529	-	-	1,529	250
		68,472	-	-	68,472	60,798
		10,139 -	-	-	10,139 -	10,546 -
		-	-	-	-	-
		10,139 -	-	-	10,139 -	10,546 -

		-	-	-	-	-
			-	-	-	-
		10,139 -	-	-	10,139 -	10,546 -
		66,838	-	-	66,838	77,384
		56,699	-	-	56,699	66,838

Page 2

Section B Balance sheet AS AT 31 December 2021

Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted 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
	-	-	-
1,169	-	-	1,169	3,043
1,169	-	-	1,169	10,924

250	-	-	250	12,556

919	-	-	919	- 1,632

69,389	-	-	69,389	66,838

12,690	-	-	12,690
-	-	-	-	-

56,699	-	-	56,699	66,838

56,699			56,699	66,838
			-
	-		-
		-	-

56,699	-	-	56,699	66,838

Date of approval Print Name Signature
		John Babajide		09/08/2022

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:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

• and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

and with the Charities Act 1993.

[** except for the following].

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

-Tick as appropriate:
if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;

 if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting Standards for Smaller Enterprises (FRSSE)”. ** - 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.

Analysis	This year Last year £ £	This year Last year £ £
Tithes & Offering	36,998	39,237
Gift aid received	14,235	11,015


Total	51,233	50,252

Insurance	3,100
	-	-
	-	-
	-	-
	-	-
Total	3,100	-

Grant	4,000	-
	-	-
	-	-
	-	-
	-	-
Total	4,000	-

	-	-
	-	-
	-	-
	-	-
	-	-
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.

Analysis	This year £	Last year £
Staff costs	35,450	32,000
Rent and Rates	350	-
Utilities	301	2,187
Transportation Expenses	950	776
Telephone	2,044	482
Office Equipment	650	725
Bank charges	350	-
PropertyRepairs & Maintenance	17,149	15,085
Hospitality	555	632
Insurance	2,510 1,072 1,530	2,505
Honourarium		-
Admin/Office Expense		839
Training& Conference	-	666
New Parish	1,710 367	1,208
Motor Expenses		920
Other	456	300
Total	65,444	58,323

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
Total	-	-

World Evangelism Mission	-	-
FOL	-	-
Offeringto other RCCGparishes/central office	-	-
Home mission and other Church societies		500
Donation & Gifts	1,500	1,725
Total	1,500	2,225

Independent Examination	250	250
Bank Charges & Interest
Legal andprofessional fees	1,279	-
Total	1,529	250

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).

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

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
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

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.

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	-	-
	-	-	-
	1,381	-	-
	-	-	-
-	7,881	-	-

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

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 £
12,690	12,306	-	-

-	-	-	-

250	250		-
12,940	12,556	-	-

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