Charity number: 1123770 Company number: 06471722 (England and Wales) THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Report of the Trustees and Unaudited Financial Statements For the year ended 31 December 2020 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Contents Page For the year ended 31 December 2020 |Report of the Trustees|1 to 3| |---|---| |Independent Examiner's Report to the Trustees|4| |Statement of Financial Ac�vi�es|5| |Statement of Financial Posi�on|6| |Notes to the Financial Statements|7 to 14| |Detailed Statement of Financial Ac�vi�es|15 to 16| Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Report of the Trustees For the year ended 31 December 2020 The Trustees, who are also directors for the purposes of company law, have pleasure in presen�ng their report and the financial statements for the charitable company for the year ended 31 December 2020. The Trustees have adopted the provisions of Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and the Republic of Ireland (FRS 102) (effec�ve 1 January 2019). --- ## **Chair's report** With a dedicated and hard-working team on board, RCCG - The Fountain's commi�ee this year has been a highly rewarding and enjoyable task. Our commi�ed team of volunteers, along with our many dynamic supporters enable the charity to con�nue in strength and keep up the important work it started many years ago and we would like to say thank you to them all. ## **OBJECTIVES AND ACTIVITIES** The overall purpose of the Church is to achieve its charitable objec�ves, which consist of the following: - a) The advancement of the Chris�an faith. - b) The assistance of persons who are in condi�on of need, suffering hardship or distress, or who are aged or sick, are in condi�on that require help which our Lord would reach out to help. - c) The advancement of educa�on of children and adults. - d) Any other charitable purpose for the benefit of the local community. RCCG - The Fountain delivers it's charitable objec�ves by maintaining a vibrant and inclusive place of worship, where all are welcomed, and we aim to con�nue to involve our local and wider communi�es. We provide weekly Sunday services for adults and children, regular midweek mee�ngs for teaching, mentoring and coaching. We also conduct services for bap�sm, marriages, funerals and the dedica�on of infants. --- ## **Statement on public benefit** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. --- ## **Volunteers** RCCG - The Fountain has many volunteers that assist the Church in achieving it's objec�ves. ## **ACHIEVEMENTS AND PERFORMANCE** During the year, the Church delivered a wide range of ac�vi�es and events to the community through the various services and conferences held. This includes specific ac�vi�es for women and men as well as ac�vi�es for the youth and children. The Church has developed further the supplementary schooling and parental training and support work and also offered counselling, life coaching and personal development training. Sharing the gospel of Jesus Christ is especially beneficial to the lives of the people that hear and receive it. It brings Hope, Faith and Love. --- 1 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Report of the Trustees Con�nued For the year ended 31 December 2020 ## **Significant ac�vi�es** The year 2020 was very challenging as the whole world witnessed the ravaging COVID 19 pandemic with the resultant loss of lives. We give glory to God for the covenant of life we enjoy here in RCCG The Fountain. We did not experience any casual�es during the COVID 19 Pandemic. Following government guidelines, the church closed all its normal services at it's place of worship during this period. Church services were moved online and the good news of the gospel was shared through the internet. In person services resumed in August 2021, fully observing COVID 19 government guidelines. The church benefi�ed from the government furlough scheme during the pandemic. ## **FINANCIAL REVIEW** In the twelve months under review, total income was £225,238 (2019: £261,808) and total expenditure was £242,787, (2019: £292,760). Net results for the year were (£17,548); (2019: (£30,950) ); and carries forward funds of £946,079; (2019: £963,627). Based on the level of income from member dona�ons in the form of Tithes, Offerings, Thanksgiving Offerings, and other forms of dona�ons and gi� aid, the trustees feel that we would be able to con�nue the current ac�vi�es of the church in the event of a drop in funding. The Church has implemented budgetary controls and con�nue to monitor costs in an effort to maintain its financial stability. The Trustees con�nue to place emphasis on financial management to ensure that the funds within the organisa�on are property managed. --- ## **Reserves** The Trustees believes that unrestricted funds which have not been designated for a specific use should be maintained so that in the event of a significant drop in funding, the church will be able to con�nue the charity's ac�vi�es - the curch is working towards achieving this level of reserves. --- ## **Going concern** The Trustees have a reasonable expecta�on that the Charity has adequate resources to con�nue in opera�onal existence for the foreseeable future. Thus, the Trustees con�nue to adopt the going concern basis of accoun�ng in preparing the accounts. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** RCCG - The Fountain is a charitable company limited by guarantee and is controlled by it's governing document; the memorandum and ar�cles of associa�on incorporated on 14 January 2008. --- ## **Recruitment and appointment of trustees** Trustees are elected by exis�ng trustees in a way that serves the Charity's best interests and Trustees are made aware of the legal responsibili�es they will be taking on. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** |**Name of Charity**|THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN)| |---|---| |**Charity registra�on number**|1123770| |**Company registra�on number**|06471722| |**Principal address**|Li�le Causeway| ||Marshalls Road| 2 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Report of the Trustees Con�nued For the year ended 31 December 2020 Braintree Essex CM7 2LL ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Olubunmi Akintujoye Charles Iduh Merukube Olaosebikan **Independent examiner** Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dar�ord DA1 1BX Approved by the Board of Trustees and signed on its behalf by 28 September 2021 Charles Iduh............................................................................. 3 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe ## THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Independent Examiners Report to the Trustees For the year ended 31 December 2020 I report to the trustees on my examina�on of the accounts of the charitable company for the year ended 31 December 2020. ## **Responsibili�es and basis of report** As the charity Trustees, who are also directors for the purposes of company law, are responsible for the prepara�on of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having sa�sfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examina�on, I report in respect of my examina�on of your charity's accounts carried out under sec�on 145 of the Chari�es Act 2011 ('the 2011 Act'). In carrying out my examina�on I have followed the Direc�ons given by the Charity Commission under sec�on 145(5)(b) of the 2011 Act. ## **Independent examiners statement** I have completed my examina�on. I confirm that no ma�ers have come to my a�en�on in connec�on with the examina�on giving me cause to believe that in any material respect: 1. accoun�ng records were not kept in respect of the Company as required by sec�on 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the requirements of sec�on 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a ma�er considered as part of an independent examina�on; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Prac�ce for accoun�ng and repor�ng by chari�es applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other ma�ers in connec�on with the examina�on to which a�en�on should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dar�ord DA1 1BX 28 September 2021 4 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe ## THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Statement of Financial Ac�vi�es (including Income and Expenditure Account) For the year ended 31 December 2020 |**Notes**
**Restricted**
**funds**
**Unrestricted**
**funds**
**£**
**£**
**Income and endowments from:**
Dona�ons and legacies
11,030
214,208
2
Investments
-
1
3
**Total**
**11,030**
**214,209**
**Expenditure on:**
Charitable ac�vi�es
)
(242,787
-
4/5
**Total**
**-**
**)**
**(242,787**
**11,030**
**)**
**(28,578**
**Net income/expenditure**
**Reconcilia�on of funds**
Total funds brought forward
-
963,627
**Total funds carried forward**
**935,049**
**11,030**|**2020**
**£**
225,238
1
**225,239**
)
(242,787
**)**
**(242,787**
**)**
**(17,548**
963,627
**946,079**|**2019**
**£**
261,808
2
**261,810**
)
(292,760
**)**
**(292,760**
**)**
**(30,950**
994,577
**963,627**| |---|---|---| 5 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe Registered Number : 06471722 ## THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Statement of Financial Posi�on As at 31 December 2020 |**Notes**
**Fixed assets**
Tangible assets
11
**Current assets**
12
Debtors
Cash at bank and in hand
**Creditors: amounts falling due within one year**
13
**Net current assets**
**Total assets less current liabili�es**
**Creditors: amounts falling due a�er more than one year**
14
**Net assets**
**The funds of the charity**
Restricted income funds
15
Unrestricted income funds
15
Revalua�on reserve
**Total funds**|**£**
**2020**
3,023,721
**3,023,721**
4,219
27,301
**31,520**
)
(52,891
**)**
**(21,371**
**3,002,350**
)
(753,280
**2,249,070**
11,030
935,049
1,302,991
**2,249,070**|**£**
**2019**
3,082,842
**3,082,842**
2,719
4,722
**7,441**
)
(61,379
**)**
**(53,938**
**3,028,904**
)
(762,286
**2,266,618**
-
963,627
1,302,991
**2,266,618**| |---|---|---| For the year ended 31 December 2020 the company was en�tled to exemp�on from audit under sec�on 477 of the Companies Act 2006 rela�ng to small companies. - The members have not required the company to obtain an audit of its accounts for the year in ques�on in - accordance with sec�on 476, - The trustees acknowledge their responsibili�es for complying with the requirements of the Act with respect to - accoun�ng records and the prepara�on of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Charles Iduh Trustee 28 September 2021 6 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Notes to the Financial Statements For the year ended 31 December 2020 ## **1. Accoun�ng Policies** ## **Basis of accoun�ng** The financial statements have been prepared under the historical cost conven�on, except for investments which are included at market value and the revalua�on of certain fixed assets and in accordance with the Chari�es SORP (FRS 102) ‘Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019)’, Financial Repor�ng Standard 102 the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) meets the defini�on of a public benefit en�ty under FRS 102. Assets and liabili�es are ini�ally recognised at historical cost or transac�on value unless otherwise stated in the relevant accoun�ng policy note(s). ## **Going concern** At the �me of approving the accounts, the Trustees have a reasonable expecta�on that the Charity has adequate resources to con�nue in opera�onal existence for the foreseeable future. Thus, the Trustees' con�nue to adopt the going concern basis of accoun�ng in preparing the accounts. ## The Trustees have taken advantage of the exemp�on in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charitable company is small. ## **Funds** Unrestricted funds are available for use at the discre�on of the Commi�ee in furtherance of their charitable objec�ves unless the funds have been designated for other purposes. Restricted funds are subject to specific condi�ons by donors as to how they may be used. ## **Incoming resources** All incoming resources are included in the statement of financial ac�vi�es when the Charity is en�tled to the income and the amount can be quan�fied with reasonable accuracy. The following specific policies are applied to par�cular categories of income: ## **Resources expended** Liabili�es are recognised as resources expended when there is a legal or construc�ve obliga�on commi�ng the Charity to the expenditure: ## **Charitable ac�vites** Charitable ac�vi�es are those costs rela�ng to ac�vi�es carried out to meet the objec�ves of the charity and include directly a�ributed costs as well as support costs. ## **Taxa�on** The charity is exempt from corpora�on tax on its charitable ac�vi�es. ## **Tangible fixed assets** Tangible fixed assets, other than freehold land, are stated at cost or valua�on less deprecia�on and any provision for impairment. The gains and losses arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year. Deprecia�on is provided at rates calculated to write off the cost or valua�on of fixed assets, less their es�mated residual value, over their expected useful lives on the following basis: 7 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Notes to the Financial Statements Con�nued For the year ended 31 December 2020 Land and Buildings Fixtures and Fi�ngs 2% Reducing balance 25% Reducing balance ## **Finance leases** The finance element of the rental payment is charged to the Statement of Financial Ac�vi�es on a straight line basis. ## **Opera�ng leases** Costs of opera�ng leases are charged to the Statement of Financial Ac�vi�es on a straight-line basis over the lease term. ## **2. Income from dona�ons and legacies** |**ncome from dona�ons and legacies**||||| |---|---|---|---|---| ||**Unrestricted**|**Restricted**|**2020**|**2019**| ||**funds**|**funds**||| ||**£**|**£**|**£**|**£**| |Dona�ons received|191,390|11,030|202,420|261,808| |Grants received|22,818|-|22,818|-| ||**214,208**|**11,030**|**225,238**|**261,808**| |**Analysis of grants received**||||| ||||**2020**|| ||||**£**|| |HMRC|||22,818|-| ||||**22,818**|**-**| During the COVID 19 pandemic, RCCG The Fountain received the Coronavirus Job Reten�on Scheme (CJRS) grant for it's furloughed staff totalling £22,818. ## **3. Investment income** |**nvestment income**||| |---|---|---| ||**2020**|**2019**| ||**£**|**£**| |**Unrestricted funds**||| |Bank interest receivable|1|2| ||**1**|**2**| 8 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe ## THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Notes to the Financial Statements Con�nued For the year ended 31 December 2020 ## **4. Costs of charitable ac�vi�es by fund type** |**Unrestricted funds**
Charitable ac�vi�es
Support costs
**Costs of charitable ac�vi�es by ac�vity type**
**Support costs**
**Ac�vi�es**
**undertaken**
**directly**
**£**
**£**
**Support costs**
Charitable ac�vi�es
197,881
44,906
**Analysis of support costs**
**Charitable ac�vi�es**
Management costs
Finance Costs
Governance costs|**2020**
**£**
44,906
197,881
**242,787**
**2020**
**£**
242,787
**2020**
**£**
160,886
29,901
7,094
**197,881**|**2019**
**£**
85,728
207,032
**292,760**
**2019**
**£**
292,760
**2019**
**£**
151,636
38,262
17,134
**207,032**| |---|---|---| ## **5. Costs of charitable ac�vi�es by ac�vity type** ## **6. Analysis of support costs** ## **7. Net income/(expenditure) for the year** |**Net income/(expenditure) for the year**||| |---|---|---| |This is stated a�er charging/(credi�ng):||| ||**2020**|**2019**| ||**£**|**£**| |Deprecia�on of owned fxed assets|61,108|63,614| |Accountancy fees|7,094|6,814| |Staf pension contribu�ons|3,412|1,945| 9 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe ## THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Notes to the Financial Statements Con�nued For the year ended 31 December 2020 ## Total staff costs for the year ended 31 December 2020 were: |Salaries and wages
Pension costs
Staf members||**2020**
**£**
41,600
3,412
**45,012**
**2020**
2
**2**||**2019**
**£**
53,186
1,945
**55,131**
**2019**
2
**2**| |---|---|---|---|---| ## **9. Trustee remunera�on and related party transac�ons** There were no trustees remunera�on in the current year nor the previous year. RCCG The Fountain is a member of The Redeemed Chris�an Church of God (RCCG) which has Parishes all over the world. The rela�onship is governed by an Agreement of Common Purpose between the Parishes and RCCG. RCCG The Fountain make regular dona�ons to the RCCG central hub in the UK. ## **10. Compara�ve for the Statement of Financial Ac�vi�es** The compara�ve year values on the Statement of Financial Ac�vites are for unrestricted funds. 10 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe ## THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Notes to the Financial Statements Con�nued For the year ended 31 December 2020 ## **11. Tangible fixed assets** ||**Land and**|**Fixtures**|**and**|**Computer**|| |---|---|---|---|---|---| |**Cost or valua�on**|**Buildings**|**Fi�**|**ngs**|**Equipment**|**Total**| ||**£**||**£**|**£**|**£**| |At 01 January 2020|3,100,000|245,379||-|3,345,379| |Addi�ons|-||-|1,987|1,987| |At 31 December|**3,100,000**|**245,379**||**1,987**|**3,347,366**| |2020|||||| |**Deprecia�on**|||||| |At 01 January 2020|52,000|210,537||-|262,537| |Charge for year|52,000|8,711||397|61,108| |At 31 December|**104,000**|**219,248**||**397**|**323,645**| |2020|||||| |**Net book values**|||||| |At 31 December|**2,996,000**|**26,131**||**1,590**|**3,023,721**| |2020|||||| |At 31 December|**3,048,000**|**34,842**||**-**|**3,082,842**| |2019|||||| |**Debtors**|||||| |||||**2020**|**2019**| |||||**£**|**£**| |**Amounts due within one year:**|||||| |Other debtors||||4,219|2,719| |||||**4,219**|**2,719**| |**Creditors: amounts falling due within one year**|||||| |||||**2020**|**2019**| |||||**£**|**£**| |Other creditors||||46,332|49,914| |Accruals and deferred income||||6,559|11,465| |||||**52,891**|**61,379**| |The following liabili�es disclosed under creditors falling due within one||year are|secured|by the charity:|| |Hire purchase agreements||||13,495|13,495| |||||**13,495**|**13,495**| ## **12. Debtors** ## **13. Creditors: amounts falling due within one year** 11 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe ## THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Notes to the Financial Statements Con�nued For the year ended 31 December 2020 ## **14. Creditors: amounts falling due a�er more than one year** |Other creditors
The following liabili�es disclosed under creditors falling due a�er more than one year are
charity:
Hire purchase agreements|**2020**
**£**
753,280
**753,280**
secured by the
5,043
**5,043**|**2019**
**£**
762,286
**762,286**

5,043
**5,043**| |---|---|---| ## **15. Movement in funds** ## **Unrestricted Funds** |**Balance at**
**01/01/2020**
**£**
_General_
963,627
General
**963,627**
**Unrestricted Funds - Previous year**
**Balance at**
**01/01/2019**
**£**
_General_
994,577
General
**994,577**|**Incoming**
**resources**
**£**
214,209
**214,209**
**Incoming**
**resources**
**£**
261,810
**261,810**|**Outgoing**
**resources**
**Balance at**
**31/12/2020**
**£**
**£**
)
(242,787
935,049
**)**
**(242,787**
**935,049**
**Outgoing**
**resources**
**Balance at**
**31/12/2019**
**£**
**£**
)
(292,760
963,627
**)**
**(292,760**
**963,627**| |---|---|---| ## **Purpose of unrestricted Funds** ## General Unrestricted funds are available for use at the discre�on of the Commi�ee in furtherance of their charitable objec�ves unless the funds have been designated for other purposes. 12 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe ## THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Notes to the Financial Statements Con�nued ## For the year ended 31 December 2020 ## **Restricted Funds** |**Restricted Funds**||| |---|---|---| ||**Incoming**|**Balance at**| ||**resources**|**31/12/2020**| ||**£**|**£**| |General - R|11,030|11,030| ||**11,030**|**11,030**| |**Restricted Funds - Previous year**||| ||**Incoming**|**Balance at**| ||**resources**|**31/12/2019**| ||**£**
**-**|**£**
**-**| ## **Purpose of restricted funds** ## General - R Restricted funds are subject to specific condi�ons set out by donors as to how those funds may be used. ## **16. Analysis of net assets between funds** |**Tangible fxed**
**assets**
**Net current**
**assets /**
**(liabili�es)**
**£**
**£**
**Unrestricted funds**
_General_
3,023,721
)
(32,401
General
**Restricted funds**
-
11,030
General - R
**3,023,721**
**)**
**(21,371**|**Creditors >**
**one year**
**£**
)
(753,280
-
**)**
**(753,280**|
**Net Assets**
**£**
2,238,040
11,030
**2,249,070**| |---|---|---| 13 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe ## THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Notes to the Financial Statements Con�nued For the year ended 31 December 2020 ## **Previous year** |**Tangible fxed**
**assets**
**Net current**
**assets /**
**(liabili�es)**
**£**
**£**
**Unrestricted funds**
_General_
3,082,842
)
(53,938
General
**Restricted funds**
**3,082,842**
**)**
**(53,938**|**Creditors >**
**one year**
**£**
)
(762,286
**)**
**(762,286**|
**Net Assets**
**£**
2,266,618
**2,266,618**| |---|---|---| ## **17. Company limited by guarantee** THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) is a company limited by guarantee and accordingly does not have a share capital. 14 of 16 Doc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe ## THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Detailed Statement of Financial Ac�vi�es For the year ended 31 December 2020 |**INCOME AND ENDOWMENT**
**Dona�ons and legacies**
Tithes And Oferings
Other Income
Gi� Aid
Grants Receivable
**Investments**
Bank Interest Receivable
**Total incoming resources**
**EXPENDITURE**
**Charitable ac�vi�es**
Staf Costs - Wages & Salaries
Adver�sement & Promo�on
Central Ofce
Charitable Dona�ons
Conference And Mee�ng
Evangelism And Special Events
Honorarium
Hospitality
Ministry Expenses
Music Expenses
Welfare Expenses
Children And Teenager Ac�vi�es
**SUPPORT COSTS**
**Management costs**
Staf Costs - Wages & Salaries
Staf Costs - Pension Contribu�ons
Deprecia�on - Owned Assets
Insurance
Light And Heat
Ofce And Administra�ve
Rates And Water
Repairs And Maintanance
Manse
Motor Vehicle Expenses
Telephone
Small Equipment And Computer Expenses
Security, Health And Safety
Cleaning And Waste Management
Professional Fees
Bank Charges||**£**
**2020**
193,426
1,500
7,494
22,818
**225,238**
1
**1**
**225,239**
)
(25,910
-
)
(1,350
)
(1,661
-
)
(1,831
-
-
)
(8,061
)
(4,410
)
(1,683
-
**)**
**(44,906**
)
(15,690
)
(3,412
)
(61,108
)
(9,569
)
(6,472
)
(3,120
)
(12,118
)
(2,312
)
(30,000
)
(1,673
)
(6,943
)
(5,312
)
(2,029
-
)
(40
)
(1,088||**£**
**2019**
228,139
3,500
30,169
-
**261,808**
2
**2**| |---|---|---|---|---| |||||**261,810**
)
(40,627
)
(2,501
)
(6,200
)
(800
)
(4,849
)
(1,891
)
(1,520
)
(2,717
)
(6,718
)
(14,810
)
(2,540
)
(555
**)**
**(85,728**
)
(12,559
)
(1,945
)
(63,614
)
(9,569
)
(8,631
)
(4,186
)
(1,801
-
)
(30,000
)
(10,440
)
(4,524
)
(1,506
)
(1,440
)
(1,040
)
(381
-| 15 of 16 This page does not form part of the statutory financial statementsDoc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe ## THE REDEEMED CHRISTIAN CHURCH OF GOD (THE FOUNTAIN) Detailed Statement of Financial Ac�vi�es Con�nued For the year ended 31 December 2020 |**Finance Costs**
Bank Charges
Mortgage Interest
Loan Interest
**Governance costs**
Accountancy Fees
Other Finance Costs
**Total resources expended**
**Net Expenditure**||**)**
**(160,886**
-
)
(29,154
)
(747
**)**
**(29,901**
)
(7,094
-
**)**
**(7,094**
**)**
**(242,787**
**)**
**(17,548**||**)**
**(151,636**
)
(1,927
)
(34,107
)
(2,228
**)**
**(38,262**
)
(6,814
)
(10,320
**)**
**(17,134**| |---|---|---|---|---| |||||**)**
**(292,760**
**)**
**(30,950**| 16 of 16 This page does not form part of the statutory financial statementsDoc ID: e2d3066753f6fbbce7e771116a4c414934d5ecbe