REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] SANCTUARY OF POWER Charity REG.No 1120255 TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021 MOSES-BOLE&CO CHARTERED CERTIFIED FORENSIC ACCOUNTANTS CERTIFIED PROFESSIONAL ACCOUNTANTS/ TAX ADVISERS And BUSINES CHARTERED MANAGEMENT CONSULTANTS Leroy House Business Centre, Unlt 4L 436 Essex Road, Islington, London, Nl 3QP
REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] SANCTUARY OF POWER CONTENT Tru¥tee¥ and Advisers Tru¥tge¥' Report 2to4 Independent Examiner'8 Report to the TnJstee8 Statsm¢nt ot Financial A¢tivitie¥ B¥lance sheet Notes fom)Ing part of the Finon¢i•l Ststwn•nt 8t017
REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] SANCTUARY OF POWER LEGAL AND ADMINISTATIVE INFORMATION Genaral overseer: E.A. ADEBOYE Trustees: Mojisola Akinremi Kehinde Ojediran Catherine Atinuke Odumuyiwa Florence Olufunke Akanmu Registered Office 59 Hatfield Road Dagenham RM9 6JR Minilter In Charge: Pastor Daniel Oluwole Akanmu Charity No 1120255 Bankers Lloyds TSB Market Place Romford Branch PO Box 1000 BX11LT Accountants MOSES-8OLE & CO Unit 4L. Leroy Houm Business Centre 436 Essex Road Islington London N1 3QP
THE REDEEMED CHRISTIAN CHURCH OF GOD RCCG Sanctua of Power TRUSTEES REPORT The Trustees have pleasure in submitting their report and accounts for the year ended 31st March 2021. The financial statement have been prepared In accordance with the accounting policies set out on pages 7 to 8 and comply with the statement of Recommended Practice ISORP 20151. and the applicable law. Structure. Governance and Management Constltutlon The Charity is constituted under a Trust Deed dated and Charity is number on the central register of the Charity Commission of Eland and Wales The principal Objectlves of the Charity is the advanment of the Christlan falth worldwide and rellef of poverty. Method of Appolntrnent or Electlon of Trustees The management of the Charity is the responsibility of the Tntee5 who are elected and co-opted under the terms of the Trust Deed. Organlsatlonal Strurture and Oedslon Maklng The church Is organlsed so that the trustees meet regularfy to manage its affairs. There Is a part-time Mlnister and Volunteers, Who manage the day to day administration of the thurch. Related Party Relatlonshlps RCCG- Sanctuary of Power is a member of Redeemed Chr5stlan Church of God IRCCGI whlch has Parishes all over the world. The relatlonship is governed by an 'A8reement for common purposes. between the parishes and RCCG. Development actlvltles and achlevements In the year The members who are wlth us have grown spiritually due to the various trainings they have received especially the Mini5ter5. During this 2019 Christmas. our Youth Department visited Queen Ellzabeth Hospltal In Romford Ichlldren Department) and made psentatIOn of gifts to sick children. Furthermore, Our Women Department visited Summerfield ReJidenti•l Home in Romford with Christmas gifts. Our weekly attendance has continued to In¢aSe and our need for a bigger place Is now a matter of necessity. The short temi solution was for us to have two servi5 every Sunday which is qulte telllng on the pastors and volunteers. We belleve that God will provide a solution in the coming year. We have continued to engage with our community through the six projects that we run for the benefit of the community. In order to redu crime incident In the community. Evangellsm was stepped- up.we also do monthly Environmentsl Clean-up of our Community to the admiration of our Neighbours. We had during the year organised projects for the need of the homeless and the general public bringing together people to have some BBQ accompanied wtth music and bouncy castle for the children. The best part of this event is that we invite people who have been freed from drug use to share their testimonies to entourage others to do the same. Rlsk Pollcy The Trustees have assessed the major risks to which the Charity 15 exp)sed, particularly those relating to the operations and finance and are satisfied wtth the risk managernent systems In place to mitigate any risk exwsure. I | Page
Flrture development We are hoping to establish a new parish in 2017 as could not achieve this, this year as our baby parish still needs supporting at this time. Our pursuit of acquiring a bigger place for the charity is now very vigorous as it 15 now needed. A building committee is now in place and they have requested that a new bank account be opened to tske 311 the building funds. This has been referred to the trustees for approval. The problem we have during winter at the end of the day at the shade project has continued to hunt us and we hope to establish a night shelter in the near future if we have the monev. Finally, we are looking into the posslbility of ownin8 and running our own orphanage in the southem part of Nigeria. Revlew of flnandal Posltlon The net incoming resources for the year amounted to £4,050.0912020 wa5 £5.370.191 All these have been unrestricted reserves and no fund is allotted to restricted projects. Reserve Pollcv The trustees have established a pollcy whereby the unrestricted fvnds not committed or invested in tangible fixed assets Ithe free reservesl held by the church should be 3 months of annual expenditure. At this level. the trustees feel that they would be able to continue the current activitles of the church In the event of significant drop in fundin8. Prlnclpal Fundln8 Th15 Is provided mainly through voluntary tlthes and offerin8s by the church member5. Pled8e5 are a150 taken for specific projects. Statement of Trustees, Responslbllltles The Charities Act requires the Trustees to prepare finanoal statement5 for each flnanclal year, whlch give a true and falr view of the surplus or deficlt of the charity for that period. Of the state of affairs of the charity and In preparing those financial statements, the trustees are requested to: l. Select sultable accounting policies and then apply them consistently. 11. Make judgements and estimates that are reasonable and prudent: 111. State whether applicable accountin8 Standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financlal statements: iv. Prepare the financlal statements on the 80ing concern basls unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accountin8 records which disclose with reasonable accuracy at any time the financial posltion of the charity and to Ènable them to ensure that the financial statements comply with the Charrties Act 1993 las amended by Act 20061. They are 3150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularltles. 21Page
Tru#ees and other Infornon The members of the Board of Trustees who seryed durfn8 the year were: Mojlsoja Aklnreml Kehlnde Ojedlrnn Cathorfn• Atlnuke od¥1* Flor•nt¢ Ohrfunk• Akann This report was approbtd by the Board ofTrustees on the C)1 - 01- 20X $18ned o ehalf by. and ry to the Board of Trustees. 31Page
MOSES-BOLE & CO idn¥genientCon5ultants INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES REDEEMED CHRISTIAN CHURCH OF GOD [RCCG] SANCTUARY OF PO I report on the accounts of the charity for the year ended 31 March 2021, which are set out below and notes to the financial statements on pages 7 to 17. Respective responsibilitles of Trustees and Examiners As the Charity's Trustees, you are responsible for the preparation of the accounts,. you consider that an audit is not required for this year lunder section 144121 of the Charity Act 2011lthe 2011 attl and that an independent examination is needed. It Is my responsibility to Examine the account lunder section 145 of the Act), follow the procedures lald down in the General Directions given by the Charity,. Commission {under section 145151 Ibl of the 2011 Act and State whether particular matters have come to my attention. Basis of Independent Examinerfs report My examination was carried out in accordance with the general directions 8iven by the Charity Commission. An examination includes 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 asthe 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 statement below. Independent Examinerfs Statements In connection with the examination, no matter has come to my attention:_ 11 Which give me reasonable cause to believe that in any material respect the requirements To keep accounting records in accordance wlth section 130 of the 2011 Act. To prepare accounts which accord wtth the accounting records and to comply with the accounting requlrements ofthe 2011 Act have not been met or 2) To which, in my oplnion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Moses O E Igunnubole, BA {HONS.J, FAI4 CPF4 FFA, FIPA,-FTA F Munaglng Prlncipol MOSES-BOLE&CO FIC... Chartered Certified Forensic Accountants Certified Profe55ionol Accountontsnox A ond Business Chartered Munagement Consultants DA TE.. 0 7- 61-2022. Tel I d44 IQI 20 77042525 Em6il I MoSb01139I.(OM Leroy Hotrse 8usifje5sCÉntre.Unit ij. Fax j A4101207354 2035 Web/ vJw.r$eS.krt)Orn 436 $ExRoad.1S1irngtOn,L0nd0Tr.Nl 3QP
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-SANCTUARY OF POWER STATEMENT OF FiNANCIAL ACTWMES FOR THE YEAR ENDED 31ST MARCH 2021 Prior ar Funds FurvJ8 FuTrJ$ F Incomlng resourc• Ineome and ondowm•nts from: Donations and legaoe5 Total 81.203.27 61.203.27 61203.27 81303.27 64.239 64339 exp•ndltur• o Direct Cost Support ¢o$t Governanc4 Cc4t Total 4,845.38 15.207. 1.1CQCQ 67.153.18 40.845.38 15.207 80 39,110 18,659 1.100 68,889 67,153.18 Not 1ncomg11gx.l f01 InTkn•fvnt 9•hIrAl Extraofdin•ry btarn8 Tran$far5 funds Olh•r r•¢o9rtl••d o•In•l(lo•. Gains and losee$ on maluation of fixed Other gainsllloss681 14•t mov•m•nt In lund• 4050 S.370 R•¢oncllJallon ol fund Total funds bmught forward Totsl fund• ¢•rrl•d lo1 10 831.87 14 881.78 14
REDEEMED CHRISTIAN CHURCH OF GODIRCCGFSANWY OF POWER BALANCE SHEEf AS AT 31ST IAARCH 2021 T(lal Fur¥h FurwJB Fwvjs Flx•d a•••ts Tanglble assets Total fixéd assets 2.890 337.31 7.31 Cash * bank and Totsl ojrnnt 888ets 1.1.( 1.11XI.(#) 1.1 Net r[nI au•WllbabUthsl 14.881.76 10.831 CrtyJitty8'. aftnts fallwy duB 1 7 Prov4 for118t*llO 881.71 10 32 Totsl not a8$8ls or ltht Fund• ofth• Charlty unr•strid lund$ R•valuation r680 T¢)tsl fvnd• 10,832. 14.881.78 14.881.76 1.71 02. tsl- Slgn•d by on• or InAt•e• ofal Prfnl Nome.. tr( HEAl
REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-SANCTUARY OF POWER NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021 1.1 B•¥l of acc4Mmti Those accounts have teen prepared histoncal c(Jnventicffj with rterns recognisod at cost or tran5actson value Ve$S otheA ststgJ in 1hè relevant rth(¥l to Ihese accounts. The accounts have tttn prepared In 8c¢ordants wth. ' and wth. the Ststemwt of RecomrnerbJgJ Plac1e.. ACtiNj and Rerts"1 by Chartti prepanr4J their am?unts in accordanc8 w&ith the Finanual Rewrb'rF Standard appl1eab In t UK and of IrelorKI IFRS 1021 iB8wd on 16 Juty 2014 and wth. t FirwKAal Repot"rrfJ Stsndarf ble in the Uniw arJ R•publlc of Ird&ThJ IFRS 1021 and the Charitiej Ad 2017. Th* ¢harty con8tilute$ • publK benefft entity aa d8fiMd by FRS 102.. 1.2 O•lh# ¢on¢•rn 1.3 ¢h•no• of a¢¢gwtbnp pollcy The actsjunts pr•8ent a •ThJ lalr and thg pOlKI •JoFled are ou111rd In the note wlth no chaw in pol 4.4 Ch•ngM to a¢¢•uhtlng ••tlm•t No changes to aoun.a e8timale8 havg in the rwting {3.46 FRS 102 SORPI. 1.0 M•t•rl•l wl•r ymr •rnx• No m•t•rfal prlor year•tror t¢en vjenthw in th• rem'ro pèrbJ13.47 FRS 102 SORPI.
REDEEMEO CHRISTIAN CHURCH OF GODtRCCG]SANCTUARY OF POWER NOTES TO THE ACCOUNTS CONTINUED) FOR THE YEAR ENDED 31ST IIARCH 2021 Nots2 2.1 INCOME This stsndard list of 8mnts"ThJ pc4icae8 has been by the cwity except forthose IKk8d No or la" whe 8 or addCl f$ adopbl Ihis is detw'w in lh8 Lwjx belthv. A¢11• pollcl•• R•eognltlon ot Inc(Mi• These are included In the Statement of Finantyal Alb•S ISOFAI vAw" . thè charty becom8s entiued to the resources., . tt L8 more likety than not that the trttstees wll re1Ve the r•source5,' . th8 monetsry valu8 be m&ured with sulka'ent reliabilty. Ofls•ttlng Thero is no legacy received during this pericrtl. Grnnt• and don•tlo Grants and donab'ons arè only indje{l In the SOFA V•l)en the ggrnral IncThM reo)gnrtTh cthia ern mel15.10 to S.12 FRS 102 SORPI. In the caw of performance relatad grants, irKome must onty b8 rwnwd to th8 axlent Ihal the chadty has provided the 3pe(ified gOJ8 ci semces a5 ¢nbUemenl to the grnnt onty ttujrs when tho performanc8 r•lAted conditk8 m&t {5.16 FRS 1tr2 SORPI. L•gacl Thèra 18 no legacy reedve¢J dL¢riNJ Ihl8 Fénod. No govemmenl grant w48 dwing thi8 Ped. r•clalm• on don•tlon• and glft• Gift Aj'd r0c8iv8e Is Induded In Jn¢om• when there18 a Val ¢Jedgr8bon frcffj the donor. Any Gift Aid amount r•covered on 8 don8trem B o)n$idered to be part ofthat gift 8nd is Ir88tgd as an addfaon to same fund as the initial donab.on unless th8 Or Of t8nns ol th8 èrwl have sw'fied Contrnctual In¢om• and p•rfonTrmn¢• v•l•t•d gr•nt• Th5818 not gppllcablè This 18 not Appluble Don•t•d •rvlcM and f•¢llltb• Donated serviees 8nd faulitie5 are induded in the SOFA when r¢d at the value of tho gfft to the charity provided Ihe valua ol the gift can te measured 1rably Donated services and 18¢I11ties that are CL)rwmgd immediatety rwnised as inconE an equivalent amount recognised as an expense under the appropriats heading in th• SOFA Support cost• The charity has Inrred expenditu on suppyt tx)sis. Volunt••r h•lp The value of any voluntsry help reLeed Is not indwJ8(I In Ihe axjrts txjt bs d.j in Ihe trustees. onnual rep)rt. Not applb during thi5 p.
Tithes arml offering from Ihe MterS are in the nre gfft are rniSed as DonalThs. and LegacAes S•ttlom•nt of Insuran clakn• Insuran dairns are onty Iruded In the SOFA wtten the general criteria are met15.10 to S.12 FRS 102 SORPI and are iluded as an rtem ofothw inc4Jme in the SOFA. Inv•8tm•rtt gln• •nd l¢w This includes any alISed or unreali$8d gains or on lh& sab of investrnents 8ny 98ln or 1086 resUng from revaluing Investrmerts to mark•t atth& of tho yo9r. 12 EXPENDITURE AND LIABILITIES Llablllty r•¢ognltlon 'abilib'es are recognised er rt is mor• Ilkètythan rot th81 the is 8 al or f>)nsbucve oiYig8t cornrnitting the charity to pay oui r&sour¢e$ and the amcxjnt of the otyvJ8bon can be m8a8ured with r&a80nable crtainty. aov•man¢• •nd •Uprt e••ts Support costs have been alkrated beh¥een govemartt f4)sts and oth¢r Governance rsts ¢ompnsè all Costs involving pU1C acwntsts.lty ol th¢ th•nty and its D)mpliance wrth regulabon and good prath¢è. Support ¢0818 Indude central fijnctions and hav• boen allcated to admty ¢o$l categories on a basis consistent vAth the use of re80urces. eg allocab"ThJ propèty ¢osts by llotsr ¥re8s, or ptsr capts. staff costs by tt)e 1Sme 8pent and othér costs bythwr u$999 ar•nt• wlth p•rfornMnc• condllk4M Thg Charfty Is not 8wardlng grantto any OlsatiC Or•nts p•y•bl• wlthout p•rfornnc• Whore there art no ¢ondit'ons attachirg to Ihè 9ranl that enables the thinor caity to realisticalty avoid thè comrnrtrn•nC a Ilabilty for the full furvjiny rIryafn mu8t be reL¥Jgnssed. R•dund•n¢y ¢Mt The charity Made no r8dund8ncy payrfnts JuriThJ the rwtiTh3 wh)d. D•f•rr•d Incom• No malgri81 item ol deferred income has been i1( in the amnts. Cr•dltors The charity h¥s c11018 which aTe rneawr at 88tU8m8nt anThwnts bss arby Irad• di8counts Provhlons for Ilbllltl•• A Iiabillty is measure(1 on recogr¥¢ion 8t ts o)st and Ihen subwi• a$(tred at the best esttmate ofth& amount required to setue the 0Cl atthe Tem'rKJ date a•1¢ Ilnan¢l*l Instrnm•nt• The ¢h8rty 8¢¢ounts ft)r basic financaal instrumenls on inttial recognition as paragraph 10.7 FRS 102 SORP. Subwuenl measurement is as paragraphs 11.17 10 11.19. FRS 102 SORP. 2.3 Assrrs Tanglblè flx•d us•ts lo¥ by Charlty These are capitalised if they can be used for more than year. and cosl al least They are valued at COsL The depreoation Tates aThJ Methts u$8d dixlo¥•J in rth 14. 10
Intanglbl• fix•d ass•ts The tharity has intsngible frxed #wts, that 18. rKyFnN)netsry assets that do not have FthysK substance but are identsfiabSe and are (x)ntrolknJ by ths tharity through $todY or rights. Tl amorbsation rates and Moth1S usgj dKdol rth 15 are atcosL H•rftg• as••ts The ¢hanty h&% herrtage a888ls. that is. rrH0netary assets wilh hithic. arb"sb"o saenfft. teChnOgICal. geophysical or environmentsl qUaleS that are held and maintsined pn"tYJP81ty tr their contribution to knots9e And rAjr. The dekwation fatss and methods used as disdosed in nots 18. They aw valued at eo8L Inv••trn•nt• Flxed asset invastments kn quotsd shw•s, trade(I tonds aThJ Invè8bnents are ¥aluJ at inib81ty at CO81 and subsequenty at fair valu• ltheir marktrt V8lue} at tr year end. The 8am• Ireatmenl Is applied lo unlisted investm8nt8 unloss faIrval wnot te m88SLml relwy case rt 1$ measured al cost less impaimwnt Investments hdd for res8 or pending their and cash aThJ czsh w]uNal)t8 a matunty date of th8 than l y68r arg treatsd as ffent a888t irNe51ments Stock• •nd work In progVW• Stocks held ftsr sale as part of nonthrtsbl¢ trade are measured 81 th8 hyw ucost or rn81isatAe value. Goods or servicos provided as part of 8 ¢hantable 8cbthty are moasured 81 not realisabl& ¥e based on th• serwco potontial provitJ¢d by rtem8 of $t&. Work in prcgrgs8 is VU¢d 8t o)st le88 8ny lore8eo8Ue k)88 that 18 I'kety to won th• ojnlrn D•btorn Debtors (including trade debtors and loons Teew8bl81 are measur&J inth.al 1wnttn 8etttement amount after any di8counts or amount thancd by the Charty. Subwuenty. Ihey ar8 measumd at the cash ci cthr eon*Jerakn to bo r•cd. Curr•nt •u•t Inv••tm•nts The ¢harity has h¥$ inv8Strnenls it holds for resale pending their sa ¥ThJ cash and equivalents wrth 8 molurity dat¥1g$s than on& year. The8e IlUde cash on depowl and cesh equlv81enls wrth a m81udty dale ol less than one y1 hdd fty inVestn r8thw than to meet shortterm txsh comrnrtm¢nts a8 they f811 due They are valued 81 fair value except ¥the thty qualify 88 bo$fnC4d in8trumonts. POLICIE8 ADOPTED ADDITIONAL TO OR DIFFEREKf PROM TIIOSE ABOV There Is no 8ny ottier pollclv¥ 4adopied 11
REDEEMED ¢HWSmAN CHURCH OF GODtRCCGI-SANCTURY OF Ptr NOTES TO ThEACCOUFirs CCmNUED FIXITHE YEAR ENDED JIST IIARCH 2VLI Pth)r Fund• Fund¥ Fuhdts Fim TllhBs $3,180.33 5.650.94 1,840.0) 53.180.33 5.650.94 1.8do.(K) 55.818 5931 1,933 107 105 ThanksgNh Bu1M¥J Afrkan Sr*cw> ThHnksoMno M18ClanI Ir¥) Tolal 60.0) 382. 0120327 6130J27 1130327 64330. 12
REDEEMED CHRISTIAN GHURCH OF GODiRCCG]4ANCTUARY OF POWER NOTES TQ THE ACCOUNTS COIfflNiED FOR ThE YEAR ENDED 31ST IAARCH 2D21 Ntst• 4 Anatysls of •xp•ndliwY• Prlor yu Fund8 Fun Fund• Funth Fund8 DIRECT COST Vvorfd Evango118rn Mis8lon F85tival of Lrfè RCCG.Central Office Hontsurariun-Vbs'Thj Miiwsbrs W8llar S8minars & Cgnf•renr Ministy Adv8n%>ment Pastor8 All¢)wanc Prfrmi8es Cost Choir, Key board 8TrJ Mu8ic Exp8nM• BDoks. CD5 and TaF4S Other Datron Grfll 1.986.49 1,986.49 2.562 1,100 1,200 2,800 1,228 3,7CQ 1,4.00 1.050.C 7.940.C I.4(M).] 1.050 LXI 7.940.(X) 1.OJO.Q) 1,C((J LXI S(. 24,750.1)J 24,750.iXI 18,150 200 3CK) 3.270 1.51889 1,518.89 Suppoirr COST Plannin9 Permissi EyF•lf•• Ropoirs and moirtenanca Printry, Poage 8TrJ Statswy Ele¢tri¢ty & G Inluranc Busingss rats Accom¢ation & Trav•1 Expgns Sports Expens•i R•freshm•nt Entort8irTh•nt Training DepreeAation Fuel. parting & Motof ExFnws C¢Jmputsng & Eyp•r C18aninglSrtty Covid Expenses stor9 Exp•n801 687.0) 2.051.32 687.c¢J 2.051.32 635.C#) 513.21 383.19 1519 20 990 3.977 3,013 513.21 383.10 2.519.20 70) 1.560 1.920 1,014 1.187 1,480 942 1,075.¢J) 2.112.45 1.e04 9) 351.54 820 10 942.02 1,075.CKI 2,112.46 1.804.90 351.54 820.10 1,855 668 83 e68.83 12 $23.29 15 TOTAL expcNDITURI 06.053.18 63,386.67 07,769 13
REDEEMED CHRISTIAN CHURCH OF GoDtRCCG]ANCTUARy OF POWER NOTES TO THE A¢¢OUNfs (CONTINUED FOR THE YEAR ENDED 31ST IAARCH 2021 Note S 5.1 Fees for examinalh)n of the accx)unts Please provide details of the amounl paid for any statulory exlemal scrutiny of xcounls and other services provided by your independent examiner. If nothing was pahl please enter'o. in the appropriate box{esl. GOVER•IANC2 COST This Year Last Yfrar Independent examinerf8 fee8 Legal Fees IFilingl Assurance services other than audrt or independent examinatw)n 325.co 125.(K) 325.00 125.00 Tax advisory fees Other fees (for example.. financial advi(x. acc<yJntancy servti8F paid to the independenl examiner 850.00 650.00 1100.00 1,100.00 14
REDEEMED CHRISTIAN CHURCH OF GODtRCCGJ4ANCTUARY OF POWER NOTES TO THÉ ACCOUNTS coKnNUED FOR THE YEAR ENDED 31ST IOARCH 2021 Nots 6 Tanglbl• Ilxed a$80ts L•asehold Akntor Comwrtw F&F. Idlr 11,981.22 15,887.19 At th8 boginning of the y68T &VJ5.97 5.559.27 5,559.27 Addilon8 Rwolu•lorM Transbrs" (Add or Dgduci) 90&97 17.$40.49 21.446.46 At etKI of Ihfr yeaf 6.2 D¢pro¢latlon and Impalrnwnts "B85iS Long Terni Lea$ettohY Prwty MotorVehKle Fixtures & FlIng¥ Office Equipment Com uknr Equ[kwnI R¢dudrg 8alar 25% Redu¢v BelBftce 25% RedIng BaL?O 25% RUring B8nt 25% Wudn Baigwi ** Ratè 1,T24.22 11.272.46 12,996.70 At beginnlng ol the ar Dl$po8al8 D•pTgciation lrnpaimgnl Tran&fer8' (Add or At oN1 of th• y•ar 1,567.01 2,112.4S 12.839.49 15.109.15 2.289.e6 6.3 Not br val t book value at th? b•glnnlng ol ts Yr. Not book v?lu• at Iho end ol the yoar 2,181 7S 1.63&31 708.74 701. 2,8.49 337.31 .4 lrnp•lrnwrt Pl9880 pfovh a d•acrtptlon of th• 8¥ts Cffwn•thr knd r•c(dnitkn ar r•¥erAal ofan biyknwil W. S R•v•luatlon an 8ceouThdrva ofrw4aJattb provth.. •ll•th• dAt• oflh• rn¥gluabJn- trIIA the name of Indepot vakw. Ifappllcat E NIA the rnothoth appl ar¥1 syJnnt a•BwnptyM= NIA th• c8rying amount th8lruld havg b• T8c4ni had tho aNÉ•ts bèan caniJ undor o)sl model. 6.6 Other d¢1¥ lil PK8asg siato the wnount d btsrrotr costs. l•ry, c¥tsthaed kn th• oftsrv4b assets 8nd the prtaIatn fats wd. = WA 1111 Pka8e provth affKJuni of Contr•[ etmInents forthè 411 oftsrvJbb assets. NIA IMI olthe existenc• and cnWr¥J ofwr4wty. plwt aypj to the tharity has restnct8d trtle or Ihai are ed a5 IAbUkns.- NIA 15
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-SANCTUARY OF POWER NOTES TO THE ACCOUNTS CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2021 Not• T Creditors and aecruals Please complet8 this rtote rf the charity ha5 any or acuuls. Amounts falling due 8fter more than one year 7.1 Analy818 of credltors Amounts falling (k 7Mthin ce year Accruals for grants payable Bank loans and overdr8ft8 Other Creditors- Treasurer Payments received on a¢Unt for contrats or r Accruals and deferred income Taxab'on and Sla1 security Taxation and 191 socunty Total 1,100.00 1.11XI.IJ) 1,11XI.00 1,11JO.IXI 0.00 THERE IS NO DEFERRED INCOME DURING THIS PERIOD 16
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-SANCTUARY OF POWER NOTES TO THE ACCOUNTS CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2021 Noto 8 Cash at bank and lo hand This Year Last Year Short term deposits Cash at bank and on hand Other Total 9.644.45 9,041 9,644.45 9,041 17