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2021-04-30-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED

COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENT FOR THE YEAR ENDED 30 APRIL 2021

Company reg. no 06195948 Charity reg. no.1122107

DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED

CONTENTS

Reference and administrative details of the charity 3
Directors' report 4 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 14

THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED

Company Information

Director/Trustees Rev BUNMI ADEYEMI ADEDEJI Pastor VERA DELORIS OMONEDO Rev OLUSOLA RANSOME-KUTI

Company number 06195948 Charity number 1122107 Registered office Mabgate Mills, Mills 2 2nd Floor Leeds LS9 7DZ Accountants DTT Consultancy Ltd 36 Daffodil Close Hatfield Hertfordshire ALIO 9FF

Page 3

THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED

DIRECTORS' REPORT FOR YEAR ENDED 30 APRIL 2021

The directors and trustees present their report and the accounts for the year ended 30 April 2021

The financial statements have been prepared in accordance with the accounting policiesset out in note 1 to the the accounts and comply with the charity's memorandum and articles, applicable by law (Companies Act 2006 and Charities Act 2011) and the requirements of the Statement of Recommended Practice "Accounting and Reporting by Charities"issued in March 2005.

Legal and Administrative details

CHRIST CHURCH OF MERCY LIMITED was incorporated as a private company, limited by guarantee, on 02 April 2007, company number 06195948

Trustees

The trustees who are also directors for the purposes of the Companies Act 2006 that served in the year were as follows:

Directors Rev Bunmi Adeyemi Adedeji (Chairman) Pastor VERA DELORIS OMONEDO

Rev OLUSOLA RANSOME-KUTI

Structure, Governance and Management

Governing Document

The company is limited by guarantee and registered as a charity under the Charities ACT 2011. The company has applied for charitable status for taxation purposes and is currently a registered charity.

Anyone over the age of 16 can become a member of the company subject to approval by the trustees.

Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED

DIRECTORS' REPORT (Continued) FOR YEAR ENDED 30 APRIL 2021

Governing document continued…..

No director has any beneficial interest in the charitable company. The number of guarantees at 30 April 2021 was four. Every member of the Charity promises that if the Chairty is dissolved while he or she is a member or within twelve months after he or she ceases to be a member, to contribute such sum (not exceeding £10) that may be demanded towards the payment of debts and liabilities of the Charity.

Recruitment and Appointment of Trustees

Appointment of trustees begun from the first annual general meeting and was in accordance with the articles of association. At every subsequent annual general meeting, one third of the trustees are subject to retirement by rotation.

If the company at the meeting at which a trustee retires by rotation does not fill the vacancy the retiring trustee shall, if willing to act, be deemed to be reappointed unless at the meeting it is resolved not to fill the vacancy or unless a resolution is put to the meeting and lost. The number of trustees shall not be less than two and are not subject to any maximum . Trustees have the power to co opt members to a commitee so long as those co opted members do not exceed one half of the total number of trustees on that committee.

Trustee Induction and Training

Any new trustees undergo an orientation day to brief them on their legal obligations under Charity and Company Law, the content of the Memorandum and Articles of Association and the processes on decision making within the organisation. The Charity encourages trustees to attend, at their discretion; appropriate external training events were these will be used for the undertaking of the role.

Organisational Structure

The trustees, which at present there are four provide the strategic direction of the charity. The aims and objectives are communicated to the congregation and members of the church.

Assets held on behalf of another charity

There are no assets held on behalf of another charity.

From the strategy the trustees have identified a few minor risks. These are known to the trustees and are mitigated according.

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THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED

DIRECTORS' REPORT (Continued) FOR YEAR ENDED 30 APRIL 2021

Risk Management

The trustees have a risk management strategy that includes:

Financial risk is to be mitigated by the secretary monitoring the bank frequently to ensure no losses from error or fraud take place.

The policies of risk management are continuously reviewed to ensure they still meet the needs of the charity.

Objectives

The charity's objects are:

It pursues these objects by the operation of a centre for Christian worship at its premises in the town center of Borehamwood town and by a programme of events aimed at reaching out to the unchurched together with a range of community-centred projects. These objectives have continued throughout the Year and remain unchanged.

The strategies employed to achieve the charity's objectives are to:

To establish churches, cell groups, and community centres

To promote festivals celebrations and exhibitions and otherwise develop community and fellowship To coordinate advise and administer churches

To carry out and direct disciplineship evangelistic missionary and ecumenical activity To support administer or set up other charities

To set up, administer or support training and educational facilities including but not limited to day nurseries, playschools and other educational establishments.

To provide advice, resources and services to those affected by social and economic circumstances To establish and maintain development projects in small scale economic development and medical programmes.

To make investments in the aid of the finances to carry on further activities.

The charity has several powers permitted by the Memorandum of Association that allow the above strategies be achieved.

Page 6

THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED

DIRECTORS' REPORT (Continued) FOR YEAR ENDED 30 APRIL 2021

ACTIVITIES FOR PUBLIC BENEFIT:

Achievements and Performances : The Trustees are pleased to report that the following activities has helped the Charity build a wider network of relationships within the local community and also state that the charity is constantly seeking further ways to better engage, impact and serve the wider community better.

The Charity’s main activities for the year were:

The church is actively engaged in association with local churches and organisations took part in community festivals, interfaith & Outreach programmes. Presently, Christ Church City of Mercy is a member of the following local organisations:

a) TEAM - Together Everybody Achieve

b) Leeds City Prayer Collaboration

The Charity donated boxes of toys to The Radio Aire Christmas toy drive these were meant for less privilege children

Over the year the church donates food items and other support services to members and the community.

Community Fun Day an Annual summer picnic & Family fun day in Aug 2014 and fed over 100 people within the community.

Charity Fund Raising

The Church has regular and committed members who give tithes and other donations for the furtherance of the church activities.

Approved by the Directors on 10th Feb 2022 and signed on their behalf by:

Chairman Rev Bunmi Adeyemi Adedeji

Page 7

THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED

INDEPENDENT EXAMINER'S REPORT FOR YEAR ENDED 30 APRIL 2021

THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED

I report on the accounts of the charity for the year ended 30 April 2021 which is set out on pages 9 to 14.

RESPECTIVE RESPONSIBILITIES OF THE DIRECTORS AND THE EXAMINER

The charity's directors are responsible for the preparation of the accounts. The charity's directors consider that an audit is not required for this year under section 476 of the Companies Act 2006 and that an independent examination is needed.

It is my responsibility to:

BASIS OF EXAMINER'S STATEMENT

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 Directors 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.

EXAMINER'S STATEMENT

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

DTT Consultancy Limited 36 Daffodil Close Hatfield Hertfordshire AL10 9FF

Date:10th Feb 2022

Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 30 APRIL 2021

Notes
INCOMING RESOURCES
Donations
Activities in furtherance of charity's object
Gift aid Receivable
Total incoming resources
RESOURCES EXPENDED
Cost of generating funds
Costs of activities in furtherance of charities objects
Management and governance costs
Total resources expended
Net (Outgoing)/Income resources for year
Prior Year Adjustment
Balance b/fwd
BALANCE AT END OF YEAR		 2021
2020
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
59,475
59,475
58,234
-
-
-
-
-
-
59,475
-
59,475
58,234
44,580
44,580
52,383
9,135
9,135
5,151
350
350
350
54,065
-
54,065
57,884
5,410
5,410
350
-
5,589
5,589
5,239
10,998
-
10,998
5,589

The statement of financial activities includes all surpluses and deficits recognised in the year.

All incoming resources and resources expended derive from continuing activities.

Page 9

THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED Balance Sheet

At 30 April 2021

2021 2020
Total Total
Funds Funds
Notes
FIXED ASSETS
Tangible assets 5
CURRENT ASSETS
Debtors: amounts falling due after more than one year 7 2,000
Cash in hand 6 11,348 3,939
11,348 5,939
LIABILITIES
Accrual 8 350 350
350 350
NET ASSETS 10,998 5,589
CHARITY FUNDS
General - unrestricted 1d 10,998 5,589
General - restricted 1e
TOTAL FUNDS 10,998 5,589

For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

• The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

These financial statements were approved by the Directors on 10th Feb 2022 and signed on their behalf by:

Rev Bunmi Adeyemi Adedeji

Page 10

THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED

Notes to the Financial Statements FOR YEAR ENDED 30 APRIL 2021

1. ACCOUNTING POLICIES Value added tax

The company is not registered Value Added Tax as it reviewed its position and found that it did not require to be registered. Expenditure in these financial statements, incurred by Redeemed Christian Church of God New Life Assembly Borehamwood, is therefore shown inclusive of value added tax.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Taxation

The charitable company has dormant status for corporation tax by HMRC.

2. DONATIONS AND GIFTS

Offering
3. COST OF GENERATING FUNDS		 2021
2020
£
£
59,475
58,234
59,475
58,234
2020
2020
£
£
54,065
57,884
54,065
52,383

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THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED

Detailed Statement of Financial Activities for the year ended 30 April 2021

INCOMING RESOURCES
Voluntary income
Donations
RESOURCES EXPENDED
Charitable activities
World Evangelism Mission - WEM
Central Office
Donations
Hospitality
FOL
Gifts
Welfare
Support Costs
Staff costs
Rent & Rate
Motor Expenses
Legal and professional fees
Admin/Office Expenses
Printing
Honourarium
Travel
Evangelism
Pastor Subsistence
Office Equipment
Postage & Stationary and printing
Telephone expenses
Conference
Building Maintenance
Insurance
Repair & Maintainence
Advertisement
NI/PAYE
Children
Volunteers
Other
Total resources expended c/fwd		 2021
2020
£
£
59,475
58,234
59,475
58,234
150
860.00
1,110
5,410.40
1,546
120
450
460
2,864.70
1,315
9,135
5,151
14,435.59
14,238
14,854.03
17,147
4,955
1,508
375.00
745
257.14
480
12.16
130
2,100
865.27
2,865
510
2,420.29
2,000
2,961.43
917
798.62
23
241.88
240
676.27
1,718
239.95
-
536.22
2,023
47
100.00
-
783
46.79
113
430.00
675
374.25
4,121
44,580
52,383
53,715
57,534

Page 12

THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

Total resources expended b/fwd
6. GOVERANCE COSTS
Accountancy fees
Total resources expended
7. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible fixed assets
Current assets
Current liabilities
8. RESTRICTED FUNDS
Support from province		 53,715
57,534
2021
2020
£
£
350
350
350
350
54,065
57,884
Restricted Unrestricted
2021
2019
£
£
£
£		 53,715
57,534
2021
2020
£
£
350
350
350
350
54,065
57,884
-
-
-
-
B/f
Incoming
Outgoing
Total
£
£
£
-
-
-
-

Page 13

THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHURCH CITY OF MERCY LIMITED

NOTES TO THE FINNANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income 2021
2020
£
£
350
350
350
350

Page 14