2020-12-31-accounts - Redeemed Christian Church Of God Chapel Of Glory International

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Charity Number: 1106676

REDEEMED CHRISTIAN CHURCH OF GOD CHAPEL OF GLORY INTERNATIONAL

FOR THE PERIOD 1ST JANUARY to 31ST DECEMBER 2020

REDEEMED CHRISTIAN CHURCH OF GOD CHAPEL OF GLORY INTERNATIONAL

CONTENTS
	Page
References and administrative details of the charity, its trustees and advisers	3
Trustees' report	4
Independent examiner's report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8-11

REDEEMED CHRISTIAN CHURCH OF GOD CHAPEL OF GLORY INTERNATIONAL

REFERENCES AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS FOR THE PERIOD 31st December 2020

General Overseer	Pastor E A Adeboye
Trustees	Mr Kayode Tanimowo
	Mr Babadamilola Siyanbola, Secretary
	Mrs Olayinka Bazuaye, Treasurer
	Mrs Omoghene Helen Igbineweka
	Mr Olajide Alabi, Chair
Minister In Charge	Pastor Babakolade Siyanbola
Charity registration no	1106676
Principal office	26 Sheriff Way
	Watford
	WD25 7QG
Independent Examiner	Tunji Ogedengbe
	36 Daffodil Close
	Hatfield
	AL10 9FF
Bankers	Barclays Bank Plc
	Leicester
	LE87 2BB

REDEEMED CHRISTIAN CHURCH OF GOD CHAPEL OF GLORY INTERNATIONAL

TRUSTEES' REPORTS (continued) FOR THE PERIOD January to December 2020

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

The objectives of the church are:

The advancement of the Christian faith worldwide
The relief of poverty.

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:

organisation of seminars and events to address issues of relevance to the relief of poverty and provision of care and support for the needy as appropriate;
planting of churches; and
support for other charities and events with similar objectives.

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

The main activities of the church are as follows:

Sunday service
Sunday school for all ages of children
Weekly night Bible Studies at various centres in Watford, Bushey and Luton

d. VOLUNTEERS

The church is grateful for the unstinting efforts of its volunteers who are involved in service provision, office work and administration. It is estimated that over 5,500 volunteer hours were provided during the year 2020. If this is valued at £7.50 an hour the volunteer effort amounts to over £41,250.

REDEEMED CHRISTIAN CHURCH OF GOD CHAPEL OF GLORY INTERNATIONAL

INDEPENDENT EXAMINNERS REPORT FOR THE PERIOD January to December 2020

I report on the financial statements of RCCG Chapel of Glory International for the year ended 31 December 2020 which comprise the statement of financial activities, the balance sheet, and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act),as amended by s.28 of the Charities Act 2006 does not apply. It is my responsibility to examine accounts under section 43 of the Act, as amended, to follow procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, as amended, whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charities Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented 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 I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(i) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 41 of the Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
(ii) 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 AL10 9FF

REDEEMED CHRISTIAN CHURCH OF GOD CHAPEL OF GLORY INTERNATIONAL

STATEMENT OF FINANCIAL ACTIVIES FOR THE PERIOD 31st December 2020

Notes INCOMING RESOURCES Incoming resources from generated funds: Voluntary income 2 Interest 3 Gift Aid Receivable TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable activities 10 Support Cost 11 Governance costs 12 TOTAL RESOURCES EXPENDED MOVEMENT IN TOTAL FUNDS FOR THE YEAR - NET INCOME/(EXPENDITURE) FOR THE YEAR Total fund at 1 January 2020 TOTAL FUNDS CARRIED FORWARD	Unrestricted Restricted Total Funds Funds Funds 2020 2020 2020 £ £ £ 75,966 - 75,966 - - - 75,966 - 75,966 9,804 9,804 26,766 26,766 1,747 1,747 38,318 - 38,318 37,648 - 37,648 - 259,479 259,479 297,127 - 297,127	Total Funds 2019 £ 74,347 -
		74,347
		8,614 37,386 2,271
		48,272
		26,076 3,487 - 229,916
		259,479

The Notes on pages 8 to 11 formed part of these financial statements.

REDEEMED CHRISTIAN CHURCH OF GOD CHAPEL OF GLORY INTERNATIONAL Balance Sheet At 31st December 2020

Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank CREDITORS:Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS:Amounts falling due after more than one year 8 NET ASSETS FUNDS Unrestricted funds 9 Restricted funds 9 TOTAL FUNDS	£ 3,847 293,630	2020 £ - 297,127 297,127 297,127 138,787 158,340 297,127	2019 £ - 3,847 255,982
	297,477 350		259,829 350
	-		259,479
			259,479
	-		259,479
			101,139 158,340
			259,479

The financial statements were approved by the Trustees on 2nd June 2021 and signed on their behalf, by

………………………………………… …………………………………… Mr Olajide Alabi Yinka Bazuaye

The notes on pages 8 to 11 form part of these financial statements.

REDEEMED CHRISTIAN CHURCH OF GOD CHAPEL OF GLORY INTERNATIONAL

Notes to the Financial Statements For the period 31st December 2020

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles -25% on reducing balance Fixtures and fittings -12.5% straight line Computer Equipment -33.33% straight line

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. VOLUNTARY INCOME

Donations & Gift aid Tithes and collections at all services 3. INVESTMENT INCOME Bank interest	Unrestricted Restricted Total Total Funds Funds Funds Funds 2020 2020 2020 2019 £ £ £ £ 75,966 75,966 74,347
	75,966 - 75,966 74,347
	Restricted Unrestricted Total Restricted 2020 2020 2020 Funds 2020 2020 2020 2019 £ £ £ £ - - - -

Bank interest

REDEEMED CHRISTIAN CHURCH OF GOD CHAPEL OF GLORY INTERNATIONAL

Notes to the Financial Statements - continued For the period 31st July 2020

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2020

Trustees' Expenses

There were no trustees' expenses paid neither for the year ended 31st December 2020

5. TANGIBLE FIXED ASSETS


5. TANGIBLE FIXED ASSETS COST At 1 January 2020 Additions Disposals At 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 The net book value of assets held under finance leases or hire purchases contracts, included above, are as follows: Motor Vehicles 6. DEBTORS Other debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts Net obligations under finance leases and hire purchases contracts Other creditors Accruals and deferred income	2020 £ 7,500 - 7,500 7,500 - 7,500 - - 2020 £ £ 3,847 2020 £ - 450 450	2019 £ 7,500 -
		7,500
		7,500 -
		7,500
		-
		-
		2019 £
		£ 3,847
		2019 £ - 450
		450

EDEEMED CHRISTIAN CHURCH OF GOD CHAPEL OF GLORY INTERNATIONAL

Notes to the Financial Statements - continued For the period January to December 2020

9 MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted TOTAL FUNDS	Net movement in At 01/01/20 funds At 31/12/20 £ £ £ 259,479 37,648 297,127 - - -
	259,479 37,648 297,127
	Incoming Resources Movement in resources expended funds £ £ £ 75,966 38,318 37,648 - - -
	75,966 38,318 37,648

REDEEMED CHRISTIAN CHURCH OF GOD CHAPEL OF GLORY INTERNATIONAL

Detailed Statement of Financial Activities for the period January to December 2020

RESOURCES EXPENDED 10. Charitable activities World Evangelism Mission Food Bank Central office Donations Outreach FOL 11. Support Costs Honourarium Pastoral Allowance Rent Storage Evangelism Telephone Hospitality Transport and travel Printing, Postage and stationary Admin/Office Expense Insurance Training Vechicle Expenses Children/Youth Conference Advert & publicity Other Equipment Music Zonal Cont Bank and Finance 12. Goverance Independent Examiners fees Professional fees Total resources expended	2020 £ 6,000 420 600 2,784 - - 9,804 1,300 13,833 1,942 400 - 855 315 1,500 140 354 1,048 185 965 105 - - 1,778 1,185 64 640 157 26,766 350 1,397	2019 £ 6,000 90 600 950 274 700
		8,614
		5,404 9,268 1,079 4,500 808 900 165 585 1,317 1,086 410 1,425 394 3,240 677 3,207 2,016 278 300 326
		37,386
		350 1,921
	1,747	2,271
	38,318
		48,272