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2020-12-31-accounts

REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WAY TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

CHARITY REGISTRATION NUMBER: 1120706

REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WAY FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2020

CONTENTS PAGE
LEGAL AND ADMINISTRATIVE INFORMATION 1
REPORT OF THE TRUSTEES 2- 4
REPORT OF THE INDEPENDENT EXAMINER 5
STATEMENT OF FINANCIAL ACTIVITIES 6
BALANCE SHEET 7
NOTES TO THE ACCOUNTS 8 - 11
INCOME AND EXPENDITURE - CHURCH 12
INCOME AND EXPENDITURE - NURSERY 13

1

REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WAY LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2020

CHARITY REGISTRATION NUMBER: 1120706 Registered Office Rehoboth House Brent Way Dartford DA2 6DA Trustees: PASTOR SAMUEL OLADELE BAKARE DEACONESS YEMISI KOFOWOROLA DISU RAPHAEL AKANDE Accountant: AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

2

REDEEMED CHRISTIAN CHURCH OF GOD, WINNERS WAY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2020

The trustees present their report with the financial statements of the charity for the year ended 31st December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Number: 1120706

STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

CONSTITUTION

The Charity is constituted under a Trust Deed dated 2007 and our Charity number is 1120706, on the central register of the Charity Commission of England and Wales.

INTRODUCTION

The principal objective of the Charity is the advancement of the Christian faith worldwide and relief of poverty. Our purpose is to raise standards and influencing our society. We engage in many Community activities alongside our primary aim, which is to spread the gospel and win souls for Jesus.

METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the Charity is the responsibility of the trustees who are elected and co- opted under the terms of the Trustee Deed.

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the Trustees meet regularly to manage its affairs. There is a full- time Minister and a part-time office administrator, who manages the day-to-day administration of the church

RELATED PARTY RELATIONSHIPS

RCCG-Winners way Dartford is a member of Redeemed Christian Church of God (RCCG) which has parishes all over the world. The relationship is governed by an 'Agreement for common purposes' between the parishes and RCCG.

3

REDEEMED CHRISTIAN CHURCH OF GOD, WINNERS WAY REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST DECEMBER 2020

OBJECTIVES AND ACTIVITIES

DEVELOPMENT ACTIVITIES AND ACHIEVEMENT IN THE YEAR

The Redeemed Christian Church of God - Winners' Way, Dartford is a charity with the primary objective of reaching out to the people about our Christian Faith with focus.

Our purpose is to advance the Christian Faith through preaching, education, weekly evangelism in this nation (United Kingdom) and the worldwide as the trustees may think necessary from time to time.

We engage in many community activities alongside our primary aim, which is to spread the gospel of our Lord and saviour Jesus Christ and win souls for Him. We do this with the aim to :

Ensuring that our work deliver our aims

We engage in regular reviews of our aims, objectives and activities each year.

This review looks at what we achieved so far and the outcomes of our work in the previous year's and at the success of each key activity and the benefits they have brought to those group of people we are set out to help. It helps us remain focused on our stated purposes as a charitable organisation.

THE FOCUS OF OUR WORK

Our main objectives for the year continued to be the advancement of the Christian religion and to strive to improve the living condition of the needy.

The strategies we applied in meeting these objectives are:

Provision of weekly church services on Monday morning prayer meeting, Wednesday Bible study, Friday prayer meetings and communion service, and Sunday for celebration service. To minister to the physical, material and spiritual needs of the members and visitors alike. Provision of the nursery school that serves the community with the early year ’ s education, it opens from Monday to Friday throughout the year.

Provisions of special events, meetings and training to meet the specific needs of the target groups in the church and the community, for example, elders ’ group, men's group, women's group, youth group, children church, single and newly married group (More Than Diamond). Regular prayer meetings are held by the church for the members of the church, members of our community, counsellors, members of parliament, prime minister, the queen, council leaders, our mayor, members of the police force and businesses in our community.

Focusing on the material needs of certain members undergoing difficult financial situations due to sickness, unemployment, homelessness and those falling on difficult times.

We worked with other Christian organisations, through the project ' Churches working together in Dartford' , in order to advance the preaching of the gospel. We achieved this through the:

4

REDEEMED CHRISTIAN CHURCH OF GOD, WINNERS WAY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2020

SIGNIFICANT ACTIVITIES

Our main activities and who we are trying to help are described below.

All our charitable activities focus on the advancement of the Christian religion and the relief of poverty.

How our activities deliver public benefits:

Ministering weekly to the spiritual needs of the people through bible teaching, bible study, prayer meetings, communion service, water baptism service, pastoral counselling and evangelism. Our main focus as a church is the outreach for souls.

Who used and benefited from our services:

Our church services are presented to our regular members, visitors and occasional seekers.

We minister to the physical and spiritual needs of the members in our services and give specific consideration to the seekers or new comers in our midst who may not necessarily have a church background; or may not understand the process of coming to the Christian Faith. We also help with the relief of poverty and hardship amongst both regular and non-regular members who face periods of unemployment, financial hardships, due to marriage breakdowns or the lack of financial resources.

Significant activities

Our community barbecue on the last Saturday of August was again well attended by members and invited guests; it proved to be fun and interactive.

The nursery remains a strong part of the community and continues to grow stronger. It continues to attract children from the wider communities in and around Dartford. We increased the number of staff due to increased children intake and ensure that staff received continued training and professional development. We also embarked on a refurbishment program which greatly improved and enhanced our facilities. Our charges reflected our charitable status, and makes us competitive with other providers in the area.

The Winning Child Nursery is a true reflection of the diversity of our community and the nation as a whole.

Our current nursery staff are drawn from ethnicity and reflects the community. We employed qualified nursery practitioners, who promotes our uniqueness and help us to celebrate our diversity. This year, we increased the number of graduates who enter into primary education.

The trustees are pleased to report that the church continues to be spiritually successful; by ministering to the needs of many people. We have maintained our membership and continue to invite and reach out to the community. We continue to pray that the community will support us more.

The Church conducted several wedding ceremonies; performed naming and dedication ceremonies for babies born to our members. We held annual seminars for families, celebrated our anniversary, held business development and business-related seminars. We also tackled issues facing women, the family and the community. These were done with the assistance of our workers in the various church departments, administration and ministries. We continue to provide annual and monthly youth program, youth ministries, children ministries and we supported other ministries that needed our support.

Our multimedia department ensure that all messages are uploaded on our website along with pictures of our activities and other major events.

5

REDEEMED CHRISTIAN CHURCH OF GOD, WINNERS WAY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2020

We remain committed to supporting the less privileged via our annual Christmas Dinner for the community in December. We also provided continuous training and seminars throughout the year. Our men and women group continue to remain very active during the course of the last financial year and alliances were made with other partner churches to foster the spreading of the gospel.

Future development.

The church will continue to explore various ways of spreading the gospel of Jesus Christ in an effective manner.

The charity is also looking to grow its membership and to continue to develop its members in order to make a positive impact in the society while performing its charitable activities.

We intend to plant more churches in different towns and cities in the coming year.

Approved by order of the board of trustees on ......... 15/08/2021 … .and signed

PASTOR SAMUEL OLADELE BAKARE on behalf of the trust. Trustee 15th August 2021

6

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WAY FOR THE YEAR ENDED 31ST DECEMBER 2020

I report on the accounts for the year ended 31 December 2018 set out on pages 7 to 12 of the financial statements.

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 of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

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:

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 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 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:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

Signed : 15/08/2021

7

REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WAY STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) YEAR ENDED 31 DECEMBER 2020

Notes
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
General Donations
2
Other income
3
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of Generating Funds
Charitable activities
4
Governance
5		 Un-restricted
funds
2020
£
137,044
-		 Restricted
Funds
2020
£
-
-
-
-
-
-		 Total Funds
2020
£
137,044
-
137,044
34,918
5,805
78,296		 Total Funds
2019
£
164,253
-
137,044 164,253
34,918
5,805
78,296		 54,095
13,288
48,824
TOTAL RESOURCES EXPENDED
Net income/(outgoing) resources
Total funds brought forward
Total funds carried forward		 119,019 -
-
-
-		 119,019
18,024
334,536
352,560		 116,207
18,024
334,536		 48,046
286,490
352,560 334,536

All incoming resources are derived from continuing operations. The charity has no other gains or losses other than those recognised in the Statement of Financial Activities.

REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WAY BALANCE SHEET AS AT 31 DECEMBER 2020

Notes
£
FIXED ASSETS
Tangible Assets
6
CURRENT ASSETS
Debtors
7
Cash at bank and in hand
8
Current Liabilities
Creditors: amounts falling due within one year
9
Total Asset Less Current Liabilities
Current Liabilities
Creditors: amounts falling due more one year
9
NET ASSETS
FINANCED BY:
Unrestricted funds
10
Restricted Funds
10
TOTAL FUNDS
11		 2020
Total
£
805,941
-
10,215
10,215
(400)
815,756
(463,196)
352,560
352,560
-
352,560		 2019
Total
£
755,943
49,998
18,120
68,118
(2,800)
821,261
(486,725)
334,536
327,002
7,534
334,536

PASTOR SAMUEL OLADELE BAKARE on behalf of the trust. Trustee 15th August 2021

9

REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WAY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2016.

Exemption has been taken from preparing a cash flow statement on the grounds that the charity qualifies as a small charity.

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.

Tithes & Offerings Income from tithes and offerings, is included in incoming resources when these are receivable Investment Income Investment income consists of net interest received during the year and accounted for as unrestricted fund. 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.

Charitable activities

Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs.

Governance costs

Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost.

Tangible fixed assets

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

Freehold Property Fixtures and Fittings

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.

10

REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WAY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

Note 2. Incoming Resources - General Donations

Note 2.
Incoming Resources - General Donations
General Donations
Note 3.
Incoming Resources - Other Income
Other Donatons
Events income
Other income
Note 4.
Resources Expended - Activities
Events & Other
bank charges
Stationery
Head Office Remmitance
Telephone & Internet
Honorarium
Utilities
Insurance
Repairs
Equipment
Software
Travels
Charity
Internet
Member's Expense
Other Expenses
Mortgage Interest
Rent - manse		 Unrestricted
Funds
£
137,044
137,044
Unrestricted
Funds
£
-
-
-
-
Unrestricted
Funds
£
12,830
2,730
1,280
5,805
814
1,815
4,556
4,435
20,249
10,731
1,366
1,583
-
-
9,699
-
27,125
14,000
119,019		 Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
-
-
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2020
Total
Funds
£
137,044
137,044
2020
Total
Funds
£
-
-
-
-
2020
Total
Funds
£
12,830
2,730
1,280
5,805
814
1,815
4,556
4,435
20,249
10,731
1,366
1,583
-
-
9,699
-
27,125
14,000
119,019		 2019
Total
Funds
£
164,253
164,253
2019
Total
Funds
£
-
-
-
-
2019
Total
Funds
£
23,446
3,476
609
13,288
471
9,575
9,985
4,387
200
3,818
557
2,845
904
1,023
1,931
-
55,259
16,800
148,573

11

REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WAY NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

Note 5.
Resources Expended – Governance
Accountancy
Other professional fees		 Unrestricted
Funds
£
-
-
-		 Restricted
Funds
£
-
-
-		 2020
Total
Funds
£
-
-
-		 2019
Total
Funds
£
3,020
-
3,020
Office
Equipment
£
-
-
-
-
-
-
-
-
-
-		 2020 2019
Note 6.
TANGIBLE ASSETS
Cost
Additions
Revaluation
Disposal
Total Costs
Depreciation
Balance brought forward
Charge for the year
Disposal
Transfers
Balance carried forward
Net book value
At 31 December 2019
At 31 December 2018		 Freehold
Property
£
878,298
49,998
-
-
928,296
122,355
-
-
122,355
805,941
805,941		 Total
£
878,298
49,998
-
-
928,296
122,355
-
-
-
122,355
-
805,941
805,941		 Total
£
878,298
-
-
-
878,298
122,355
-
-
-
122,355
-
755,943
755,943
Note 7.
Debtors
This is made up as follows:
Member Loans
Note 8.
Cash at bank and in hand
Cash at bank
Cash at hand		 2020
£
-
-
2020
£
6,665
3,550
10,215		 2019
£
49,998
49,998
2019
£
18,120
18,120

12

REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WAY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

Note 9.
Creditors: amounts falling due within one year
2020
This is made up as follows:
£
Accountancy Fees
400
Other creditors (Accruals)
-
400
Note 10.
Creditors: amounts falling due more than one year
2020
This is made up as follows:
£
Other Loans
-
Mortgage Loan
463,196
463,196
Note 11.
Movement in funds
Opening
balance
£
Unrestricted funds
Charity's fund
-
-
Restricted funds
Gift Aid
-
-
Note 11.1
Analysis of net assets by fund
Unrestricted
Funds
£
Cash at bank and in hand
10,215
Other net assets (liabilities)
342,345
352,560		 2019
£
400
2,400
2,800
2019
£
486,725
486,725
Incoming
resources
£
137,044
137,044
-
137,044
Restricted
Funds
£
-
-
-		 Resources
expended
£
(119,019)
(119,019)
0
(119,019)
2020
2019
Total
Total
Funds
Funds
£
£
10,215
18,120
342,345
316,416
352,560
334,536

13

REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WAY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

Note
12. TRUSTEES REMUNERATION
The Trustees did not receive any emoluments and no out of pocket expenses were paid during the
year (2020: £nil)
Note
13. As a company, REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WAY is exempt from tax on
income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of
Chargeable Gains Act 1992 to the extent that these are applied to its objects. No tax charges have
arisen in the Company.
Note
14. Control
The ultimate controlling parties are the trustees’ as stated on page 2.