# **REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE NORTHAMPTON**
## **REPORT & ACCOUNTS**
**31ST DECEMBER 2021**
## **Redeemed Christian Church of God**
## **Holy Ghost Zone Northampton** Reports & Accounts
|**Contents**|**Page**|
|---|---|
|Legal and Administrative information|1|
|Report of the Trustees|2|
|Independent Examiners Reports|5|
|Profit and Loss|6|
|Statement of Financial activities|7|
|Balance Sheet|8|
|Notes to the financial statements|9-11|
|(Inclusive of detailed Income & Expenditure)||
## **Redeemed Christian Church of God Holy Ghost Zone Northampton**
## **Legal and Administrative information**
## **Trustees:**
Pastor (Mrs) Mary McCauley - Chairman Pastor Babatunde Isiaka Mrs Elizabeth Harris Mrs Olubukola Awolaja Mr Ayodele Adeeyo - Secretary Mrs Olanrewaju Orefuja Mr Oladipo Onaola Pastor Jibola Alake - Official
Charity Number: 1107278 Company Number: 11803512
## **Operational Address**
19 Abington Square Northampton NN1 4AE
## **Independent Examiner**
Tolu Amon 43 Brook Street Northumberland Heath Kent, DA8 1JJ
**Bankers** Natwest Northampton
## **Report of the Trustees for the year ended 31 December 2021**
The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2021.
The accounts have been prepared in accordance with the Statement of Recommended Practice 2005 and other applicable laws.
## **Structure, Governance and Management**
Redeemed Christian Church Of God Holy Ghost Zone Northampton is a charitable company limited by by guarantee and not having a share capital. The charitable company is constituted under a Memorandum of Association dated 4th February 2019
## _**Objects of the charity and activities**_
We have laid the objectives of our charity under five themes:
- To teach the sound Word of God, pray and advancement of Christian faith by
- educating members of the community as necessary;
- To organise children and youth activities, to promote unity in the course of developing
- deeper spiritual growth;
- To encourage a prayerful life and consistency in the devotional life and spiritual growth
- of our members;
- To work in cooperation with other Christian organisations and support events to
- achieve Christian aims and objectives;
- To alleviate poverty as much as we can within our immediate environment.
## _**Organisation**_
The board of trustees meets at least 3 times in the year and when necessary to administer the charity activities while the pastor in charge administers the day to day management of the charity as delegated by the trustees. Some of the meetings are held via zoom.
## _**Risk management**_
The trustees actively review the major risks which the charity faces on a regular basis. The trustees have examined the major strategic, business and operational risks which the charity faces especailly during the pandemic and confirm that a system have been established to enable regular reports to be produced so that necessary steps can be taken to minimise these risks. A covid-19 risk assessment was put in place toavoid/minimise the risk of spreading the virus within worship centre.
## _**Related parties**_
The charity is part of the Redeemed Christian Church of God worldwide with which it has an agreement of common purpose. A summary of transactions with those parties are set out in note 6 to the financial statements.
## _**Review of the activties and future developments**_
The charity continued to strive to ensure the objectives of the charity are met.
This year we continued to meet the objectives of furthering the Christian faith and alleviating the suffering of the people generally irrespective of their race, background.
We have also been successful in sharing the Christian faith and helping people develop biblical principles that build up self esteem enabling them to stay out of criminality and social vices and further assisting them to build self esteem enabling them to fulfil their purpose in life and live a happy productive life. The church is keen at providing stronger family ties and educating the youths.
In meeting the objectives of the charity on a larger scale, our annual local evangelistic outreach in the park has been enlarged to a festival involving churches from all denominations to proclaim the name of the Lord and create an atmosphere of worship and open heavens over the county. The festival is called Northampton Praise Festival (NPF) to be held annually. This was held in june as a hybrid event.
In terms of donation, we supported a number of charities. We actively and strongly support the World Evangilical Mission, which aims at furthering the Christian faith all over the world. The charity is involved in a monthly social action programme called PASS (Put A Smile on Someone). Anyone struggling to put food on the table are welcome to pick up a food bag every Friday. The Parish Pastor do pay regular home visits to member to ascertain their welfare. Hospital visits have been suspended due to Covid-19 restrictions but members in hospitals are cared for and followed up through telephone calls and text message on a regular basis.
## **Report of the Trustees for the year ended 31 December 2021 continued**
This year, trustees consider that the performance of the parish has been satisfactory both in terms of advancement of the Christian faith, helping the poor and in generating needed resources
## **Volunteers**
Many volunteers give up their time to help at the church when it was opened, particularly at weekends and in the evenings. We are greatly indebted to these volunteers for their commitment and support.
## **Financial Review**
## **Reserves Policy**
The trustees have established a policy whereby the unrestricted funds are not committed or invested in (the free reserves) held by the charity, approximately two months of annual expenditure. At this level, the trustees feel that they would be able to continue the current level of activities of the charity in the event of significant drop in funding.
The policy on reserves is that the existing assets are retained to produce income which is wholly utilised to support existing activities.
## **Investment policy and objectives**
The charity's aim is to promote religious activities. It has fixed assets in the form of equipments, building and minibus. The current financial policy is to use whatever asset that may be acquired and the income generated by the asset to further the objectives of our charity.
## **Future developments**
We aim to increase our involvement with the community through social inclusion by further strengthening our sessions, counselling and developing biblical principles, organising leadership seminars, economic empowerment, impacting entrepreneurship skills, legal advice, career counselling, provision of welfare and housing advice, providing basic medical advice and other services as may benefit the community and the public as a whole.
The trustees have indicated that any unrestricted funds not committed or invested in tangible fixed assets i.e. free reserves held by the charity should be accumulated as reserves.
## **Report of the Trustees for the year ended 31 December 2021 continued**
## **Statement of Trustees' Responsibilities**
The Trustees are responsible for preparing the Annual report and Financial Statements in accordance with applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under the law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards
and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.
In preparing these financial statements, the trustees are requested to:
Select suitable accounting policies and then apply them consistently; Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards and statements of recommendable practice
have been followed, subject to any departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The Trustees are responsible for keeping proper accounting records, which will disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Company Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report was approved by the board of trustees on the .............................and signed on its behalf by:
________________________ ______________________________ ____________________________
## **Trustees’ responsibilities in relation to the financial statements**
Charities act requires the trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of each financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to:
- Select suitable accounting policies and then apply them consistently; · Make judgments and estimates that are reasonable and prudent; and · Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Companies Act 1985. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Auditors/Independent Examiner**
As the charity’s income and expenditure falls below the small charities threshold the trustees considers that the audit requirement of Section 43 (2) of the Charities Act 1993 (the Act) do not apply. The trustees will not be proposing the appointment of an auditor for the ensuing year.
By order of the trustees
Signed on behalf of the Trustees on
-------------------------------------------- ---------------------------------------- -------------------------------
## **To the members and trustees of The Redeemed Christian Church of God - Holy Ghost Zone Northampton**
## **Independent Examiner’s Report**
I report on the accounts of the church/charity for the year ended 31 December 2021, set out on pages 6 to 10.
## **Respective responsibilities of the trustees and examiner**
As described on pages 2 to 4 the trustees are responsible for the preparation of financial statements; and considers that the audit requirements of Section 43 (2) of the Charities Act 1993 (the Act) do not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 43 (7) (b) of the Act, whether particular matters have come to my attention.
## **Basis of Independent examiner’s report**
My examination was carried out in accordance with the General directions given by the Charity Commissioners. An examination included a review of 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, seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit and consequently I do not express an audit opinion of the view given by the accounts.
## **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 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
2. to which, in my opinion attention should have been drawn in order to enable a proper understanding of the accounts to be reached.
Signature Date: Tolu Amon (Independent Examiner)
## **Redeemed Christian Church of God Holy Ghost Zone Northampton**
## **Statement of Financial Activities for the year ended 31st December 2021**
|**Note**
**Incoming Resources**
Donations, Legacies & similar
income
3
Other incoming resources
4
Bank Interest
**Total incoming resources**
**Resources used**
Cost of generating funds
5
Charitable activities
6
Governance costs
7
**Total resources used**
**Net Incoming Resources**
Transfer between Funds
**Net Movements in funds**
**Balance at 1 January 2021**
**Prior Year Adjustment**
**Balance at 31 December 2021**|**Unrestricted**
**fund**
**£**
91,987
7
91,993
146,753
10,407
7,920
165,081
**(73,087)**
-
**(73,087)**
**275,511**
**202,424**|**Restricted**
**fund**
**£**
-
4,526
4,526
-
-
-
-
**4,526**
-
**4,526**
**95,499**
**100,025**|**Total Funds**
**2021**|
|---|---|---|---|
||||**£**
91,987
4,526|
||||96,519|
||||146,753
10,407
7,920
165,081
**(68,562)**
-
**(68,562)**
**371,010**
**-**
**302,449**|
The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.
7
## **Redeemed Christian Church of God Holy Ghost Zone Northampton**
## **Balance Sheet as at 31st December 2021**
|**Fixed Assets**
**Note**
Tangible assets
11
Church Furniture & Fixtures
Building
**Current Assets**
9
Cash at bank and in hand
Debtors
Creditors: amounts falling due
within one year
10
Accountancy Fees
**Net current assets**
**Total assets less current**
**liabilities**
Creditors: amounts falling due after
one year
Loan Account(Mortgage)
**Net assets**
**Represented by Fund:**
12
Unrestricted
Restricted
Prior year adjustment
Designated
**Total**|**2021**
**£**
15,341
260,471
**275,812**
76,129
9,000
85,129
1,000
**84,129**
**359,941**
57,491
**302,449**
202,424
100,025
-
-
**302,449**|**2020**
**£**
7,187
265,897|**2020**|
|---|---|---|---|
|||**273,084**
160534
4,000||
|||164534
-
**164,534**
**437,618**
66,607||
|||**371,010**||
|||275,511
95,499
-
-||
|||**371,010**||
The Trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Company Act 2006 and that the members has not required the company to obtain an audit in accordance with section 476 of the Act.
The Trustees acknowledges their responsibilities for complying with the requirements of the
Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in according with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to small companies' regime.
**…………………………………….**
**Date: --------**
**(Board of Trustees)**
## **Redeemed Christian Church of God Holy Ghost Zone Northampton**
## **Profit and Loss Account for the year ended 31st December 2021**
|**Notes**
Turnover
Administrative Expenses
Operating profit
Interest receivable
Profit on ordinary activities before taxtion
Profit for the financial year|**2021**
£
96,519
165,081|
|---|---|
||-68,562
7|
||-68,562|
||-68,562|
6
## **Notes forming part of the financial statements for the year ended 31 December 2021**
## **1. Accounting policies**
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2000) issued in October 2000, applicable accounting standards and the Companies Act 1985. The principal accounting policies adopted in the preparation of the financial statements are as follows:
## **Incoming resources**
## **Donations and grants**
Income from donations and grants are included in incoming resources when these are receivable.
When donors specify that donations and grants, including capital grants are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income will be included in incoming resources of restricted funds when receivable.
## **Resources expended**
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.
## **Tangible fixed assets**
Individual fixed assets are capitalised at cost.
Tangible fixed assets are depreciated on a straight-line basis over their estimated useful lives as follows:
|follows:||
|---|---|
||Annual rate|
|Van|25%|
|Church Equipments|25%|
|Building & Land|2%|
## **Fund accounting**
Funds held by the charity are either:
Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted funds - these are funds which has been received from donations or gifts for specific purposes and can only be used for the purpose for which it was given.
Further explanation of the nature and purpose of each fund are included in the notes to the financial statements.
## **2. Legal status of the charity**
The charity is an unincorporated association governed by a trust deed
## **Redeemed Christian Church of God Holy Ghost Zone Northampton**
## **Notes forming part of the financial statements for the year ended 31 December 2021 continued**
|**3. Donations, Legacies & similar income**
Gift Aid
Tithes & offerings
**4. Other incoming resources**
Donations
Bank Interest
**5. Cost of generating funds**
Internet & Telephone
Mortgage Interest
Gift & Honorarium
Insurance
Transport and Travel
Stationery, Printing & Postage
Training & Conference
Stepends
Depreciation
Welfare/Church Outreach
Salaries & Wages
Heat, Light & Rates
Repairs & Maintenance
Choir, Youth & Children
Account Fees
Bank Charges
Rent for other Building
Social Activities
Church running expenses
**6. Charitable activities**
Central Office support
World Evangelical Mission (WEM)
Festival of Life
Mission
Sundry
**7. Governance costs**
Professional fees|**2021**
**£**
16,319
75,668
**91,987**
4,526
7
**4,532**
4,064
1,146
3,825
2,838
508
971
3,153
2,086
10,540
6,400
26,213
1,113
33,842
-
1,000
1,005
43,212
1,408
3,429
**146,753**
1,200
7,528
-
1,100
579
**10,407**
7,920|**2020**|
|---|---|---|
|||**£**
19,976
69,367|
|||**89,343**|
|||4,388
46|
|||**4,435**|
|||1,741
1,472
1,350
1,551
614
972
52
1,415
7,935
6,748
26,033
1,806
818
-
-
813
4,643
-
4,666|
|||**62,628**|
|||1,200
6,354
-
142
159|
|||**7,855**|
|||1,487|
**8.** The trustees were not paid or reimbursed for expenses during the year.
## **9. Debtors**
Other debtors 9,000 4,000 9,000 4,000
10
## **Redeemed Christian Church of God Holy Ghost Zone Northampton**
**Notes forming part of the financial statements for the year ended 31 December 2021 continued**
|Natwest 1988
Natwest 8771
Natwest 1173
Natwest 2745
Natwest 7729
Petty Cash
**10. Creditors - amounts falling due within one year**
Accountancy Fees
Other Creditors
**Creditors - amounts falling due after one year**
Mortgage|**2021**|
|---|---|
||**£**
5,306
1,624
63,946
5,023
154
76|
||76,129
1,000
-|
||1,000|
||57,491|
## **11. Tangible fixed assets**
|Cost:
At 1 January 2021
Additions
Disposals
At 31 December 2021
Depreciation
At 1 January 2021
Charge for year
Disposals
At 31 December 2021
**Net Book value**
At 31 December 2021
At 1 January 2021
**12. Unrestricted funds of the charity**
Brought forward @ 1 January 2020
Prior year adjustment
Movement in funds for the year
Balance at 31 December 2021
**13. Analysis of net assets between funds**
Tangible Fixed assets
Net Current assets
Current & long term liabilities|Fixtures &
Fittings
**£**
7,187
13,268
-|Vehicle
Church Building
**£**
- 265,897
-
-|**Total**|
|---|---|---|---|
||||273,084
13,268|
||20,455
5,114
-|-
265,897
5,426|286,352
5,426|
||5,114
15,341|-
5,426
-
260,471|10,540
275,812|
||7,187|-
265,897|273,084|
||**2021**
371,010
-
(68,562)
302,449
**General**
**Restricted**
**Total**
275,812
-
**275,812**
(14,897)
100,025
**85,129**
(58,491)
-
**(58,491)**
202,424
100,025
**302,449**|||
11