REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS HOUSE BRISTOL Report and Financial Statements Year ended 31ST DECEMBER 2020 Legal and administrative information
Status
Registered charitable organisation since 5th May 2006.
Trustees and Management committee
MRS RUTH LAYADE - CHAIRPERSON MR ERNEST EYO - TREASURER MRS MERCY OGUNNIYI - SECRETARY MR OLAKUNLE DARAMOLA - MEMBER
Registered office address
5-13 Alfred Street, St. Philips, Bristol BS2 0RF
Charity operations address
5-13 Alfred Street, St. Philips, Bristol BS2 0RF
Registered charity number
1114056
Bankers
Barclays Bank
Accountants
AL Accounting Solutions Limited Chartered Certified Accountants 21A BRIGHTON ROAD SOUTH CROYDON SURREY CR2 6EA
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REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS HOUSE BRISTOL Report and Financial Statements Year ended 31ST DECEMBER 2020 Trustees Report
The trustees presents its report and the unaudited financial statements for the year ended 31ST DECEMBER 2020.
The Redeemed Christian Church of God, Overcomers House has developed into an all-inclusive, multicultural, multinational community. It is a place where tolerance and diversity are the main stay of the people. In aligning with the vision of the main organisation, the charity engaged in different activities to impact the community while spreading the good news of our Lord and Saviour, Jesus Christ.
OBJECTIVES AND ACTIVITIES
The main objective of the Charity is to preach the good news of Jesus Christ. Other objectives of the Charity are to positively impact and touch the lives of the members of our immediate community and the community at large by our outreach programs and activities.
Key Activities of the Charity through the year
Due to Covid regulations, the charity was unable to carry out most of its usual yearly activities. However, physical gathering commenced once restriction was lifted in line with social distancing rules and the charity was able to hold services on its premises and used online platforms to reach out to those not able to attend physically.
The usual yearly activities carried out by the charity are:
INTERNATIONAL WEEKEND:
The international weekend is the celebration of the diversity of culture within our congregation and as well as reaching out to our community. The church has more than 12 nationalities within the congregation. A barbecue is usually organised after the church service where the local authority gives us permission to hold this on the street because it is a free event.
In 2019, the Lord Mayor of Bristol was in attendance and a donation of £1,500.00 was made to Jessie May, a children Hospice by the church as part of our giving back to our community.
YOUNG COUPLES WEEKEND:
This is organised to cater for the young couple in our church community. It is a 3 day retreat organised specially for couples with, marriage age up to 10years, its objective is to consciously encourage couples to bond ideally away together and an opportunity to be mentored in tackling marital concerns each partner might have. In 2019, the activity was held at the Coldra Court Hotel by Celtic Manor Newport, Wales.
OUTREACH PARISHES IN TROWBRIDGE AND TAUNTON:
We have these outreach parishes within Trowbridge and Taunton as an extension of the church' reach within the southwest. this outreach parishes helps the church to achieve part its vision and mission of having a member of RCCG in every family of every nation by planting churches across the region. During the year, members in the area joined the church activities through the online platform
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REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS HOUSE BRISTOL
Report and Financial Statements Year ended 31ST DECEMBER 2020 Trustees Report continued…
DECEMBER CHRISTMAS CAROL SERVICE:
This service is a yearly event organised to enable our congregation to celebrate, as a community of believers, the birth of our Lord and Saviour Jesus Christ a significant event to the existence of the church. Also, we visit and sing Christmas carols to a Care Home in our community also to various houses and give packed gifts those houses to wish them merry Christmas. We do this to rejoice with those who probably may not have anyone to share Christmas with and bring glad tiding of God's love.
UNIVERSITY CAMPUS FELLOWSHIP
The charity has influx of international students from the two universities in Bristol. A welcome party is organised online due to Covid restriction. The charity supported the students during the lockdown with food provisions and regular phone calls was arranged to help with the mental challenges posed by the lockdown on student living alone far from their family.
CHILDREN WEEKEND:
The children's weekend is a time we take to celebrate the children’s members (Ages 3 to 12) within the church. It entails fun activities where the children are encouraged to be active and have fun at local parks within the community. The 2nd day is when then children are encouraged to showcase their learning and be good ambassadors within their community.
Due to Covid restrictions, our children church activities were moved online, and the Charity was able to continue to teach our children in line with the objective of the charity
Responsibilities and basis of preparation of the report
The trustees who are also the management committee of the charity are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the BOARD OF TRUSTEES
……………………………….
Date ……………………………….
Mrs Ruth Layade Chair
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REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS HOUSE BRISTOL
Report and Financial Statements Year ended 31ST DECEMBER 2020 Independent Examiner's report to the Trustees
I report to the trustees on my examination of the accounts of the above charity for the above period.
Responsibilities and basis of report:
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement:
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alhassan Bangura FCCA AL Accounting Solutions Limited Chartered Certified Accountants 21A BRIGHTON ROAD SOUTH CROYDON SURREY CR2 6EA
Date.....................................................
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REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS HOUSE BRISTOL
Report and Financial Statements
Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31ST DECEMBER 2020
| Unrestricted Funds Notes £ Incoming resources: Voluntary income 156,388 Building Fund donations 12,735 Gift aid receipts 36,605 Total Incoming resources 205,728 Resources Expended: Resources expended 5 165,030 Total resources expended 165,030 Net surplus/ (deficit) for the year 40,698 Opening funds 245,451 Closing funds 286,149 |
Total Funds 2020 £ 156,388 12,735 36,605 205,728 165,030 165,030 40,698 245,451 286,149 |
Total Funds 2019 £ 145,904 29,082 37,318 |
|---|---|---|
| 212,304 | ||
| 181,721 | ||
| 181,721 | ||
| 30,583 214,868 |
||
| 245,451 |
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REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS HOUSE BRISTOL
Report and Financial Statements
Balance Sheet as at 31ST DECEMBER 2020
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Freehold Premises at cost | 355,025 | 355,025 | |||
| Other tangible fixed assets: | 2 | ||||
| Freehold Improvements | 201,670 | 175,177 | |||
| Equipment & Furniture | 22,940 | 22,305 | |||
| Motor vehicles | 3,670 | 4,587 | |||
| 583,305 | 557,094 | ||||
| Net Current liabilities | |||||
| Cash at Bank and in Hand | 15,832 | 6,049 | |||
| 15,832 | 6,049 | ||||
| Less: Current Liabilities | 3 | (1,320) | (1,140) | ||
| 14,512 | 4,909 | ||||
| Mortgage Loans | 4 | (311,668) | (316,552) | ||
| Net Assets | 286,149 | 245,451 | |||
| REPRESENTED BY: | |||||
| Unrestricted funds | 286,149 | 245,451 | |||
| 286,149 | 245,451 | ||||
| Signed on behalf of the Board of Trustees |
………………………………. Mrs Ruth Layade Chair
Date ……………………………….
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REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS HOUSE BRISTOL Report and Financial Statements
Notes forming part of the financial statements
for the year ended 31ST DECEMBER 2020
1. Accounting policies
a) The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
b) Voluntary income is received by the way of donations towards religious tithes and offerings. Donations received is included in full in the Statement of Financial Activities in the year in which they are received.
c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
d) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:
- Freehold improvements 10% - Equipment & Furniture 20% - Motor Vehicle 20%
e) Unrestricted funds are donations and other incoming resources received for the objects of the charity without further specified purpose and are available as general funds.
2.
| Other Tangible Fixed Assets Cost: As at 1 January 2020 Addition As at 31 December 2020 Depreciation: As at 1 January 2020 Charge As at 31 December 2020 Net Book Value: As at 31 December 2020 As at 1 January 2020 |
Freehold Improvements £ 211,326 52,917 264,243 36,149 26,424 62,573 201,670 175,177 |
Equipment & Furniture £ 44,816 6,370 51,186 22,511 5,735 28,246 22,940 22,305 |
Motor Vehicles £ 17,500 - 17,500 12,913 917 13,830 3,670 4,587 |
Total £ 273,642 59,287 |
|---|---|---|---|---|
| 332,929 | ||||
| 71,573 33,076 |
||||
| 104,649 | ||||
| 228,280 | ||||
| 202,069 |
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REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS HOUSE BRISTOL Report and Financial Statements
Notes forming part of the financial statements for the year ended 31ST DECEMBER 2020
| 3. Current Liabilities Accruals 4. Mortgage Loan Balance brought forward Less: Repayments Add: Interest plus adjustments Balance carried forward 5. Total Resources Expended RCCG Central Office & WEM Honararium, Donations & members welfare Conferences, Events & Outreach Salaries & NI Cost Pensions Rent, Rates & Water Light & Heating Telephone & Internet Travelling & Motor Expenses Bank Charges & Interest Sundry expenses Insurance & Licences Legal & Professional Fees Accountancy Fees Building Security & maintenance Mortgage Loan Interest plus adjustments Depreciation Total |
2020 £ 1,320 1,320 2020 £ 316,552 (26,251) 21,367 311,668 2020 Total £ 12,600 2,970 11,389 51,455 3,793 2,259 2,902 3,011 2,306 1,020 1,994 5,247 936 1,320 7,385 21,367 33,076 165,030 |
2019 £ 1,140 |
|---|---|---|
| 1,140 | ||
| 2019 £ 321,581 (26,735) 21,706 |
||
| 316,552 | ||
| 2019 Total £ 13,150 9,029 18,691 49,176 3,793 5,363 4,247 2,156 7,683 942 2,856 2,815 1,923 1,548 8,786 21,707 27,856 |
||
| 181,721 |
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Registered Charity No: 1114056
REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS HOUSE BRISTOL
Report and Financial Statements Year ended: 31ST DECEMBER 2020
AL Accounting Solutions Limited Chartered Certified Accountants 21A BRIGHTON ROAD SOUTH CROYDON SURREY CR2 6EA
REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS HOUSE BRISTOL Report and Financial Statements
Contents
| Page No | |
|---|---|
| 1 | Legal and administrative information |
| 2-3 | Trustees Report |
| 4 | Independent Examiner's report to the Trustees |
| 5 | Statement of Financial Activities |
| 6 | Balance Sheet |
| 7-8 | Notes forming part of the financial statements |