THE REDEEMED CHRISTIAN CHURCH OF GOD CITY OF REDEMPTION PARISH
(New City of Redemp�on Parish)
Charity reg. no 1125255
TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING
31 JULY 2021
THE REDEEMED CHRISTIAN CHURCH OF GOD CITY OF REDEMPTION PARISH
CONTENTS
| Reference and administra�ve details of the charity | 3 |
|---|---|
| Trustee's report | 4 - 6 |
| Independent examiner's report | 7 |
| Income and Expenditure | 8 |
| Balance sheet | 9 |
| Notes to the fnancial statements | 10 -14 |
THE REDEEMED CHRISTIAN CHURCH OF GOD CITY OF REDEMPTION PARISH
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY,
ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDING 31 JULY 2021
Trustees: Mr Akin Lawal Mr Isaac Akinyemi Lufadeju Mr. Samuel Bun�ng Charity Registra�on Number 1125255 Principal Office: 119 Highfield Road Willesborough Ashford Kent TN24 0LN Pastor in charge Pastor Ayo Oloruntoba Independent Examiner Karoo Accountants 39 Emperor Way Ashford TN23 3QY
THE REDEEMED CHRISTIAN CHURCH OF GOD CITY OF REDEMPTION PARISH
TRUSTEES' REPORT FOR YEAR ENDED 31 JULY 2021
The trustees submit their annual report and the financial statements of The Redeemed Chris�an Church of God City of Redemp�on Parish (the charity) for the year ending 31 July 2021. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements of the charity's governing document and the provisions of the Statement of Recommended Prac�ce (SORP) "Accoun�ng and Repor�ng by Chari�es" issued in March 2005.
STATUS
The charity was cons�tuted under a Trust deed dated 21 July 2008 and is registered in England and Wales with charity number 1125255.
APPOINTMENT OR ELECTION OF TRUSTEES
Trustees are elected and or co-opted under the terms of the trust deed.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES
The induc�on process for newly appointed trustees comprises an ini�al mee�ng with the chair.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The charity is organised so that the leaders meet to manage its affairs. The Pastor in Charge manages the day to day administra�on of the church.
RELATED PARTY RELATIONSHIPS
City of Redemp�on Parish is a parish of The Redeemed Chris�an Church of God which has parishes all over the world. City of Redemp�on's rela�onship with other RCCG parishes is governed by an 'Agreement for Common Purposes'.
OBJECTS AND ACTIVITIES
The principal object is the advancement of Chris�an faith worldwide and the relief of poverty. To promote any charitable ac�vity for the benefits of the local people. To achieve its objec�ves, the church adopted the following strategies:
• Conduc�ng Sunday worship services, midweek bible study and prayer mee�ngs
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Running seminars in the church with proven ministers of the faith to guide members in the various aspect of Chris�an faith,
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Support for other chari�es and Chris�an events,
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Running of a weekly coffee morning outreach to the wider community, and
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Regular visita�ons within the local community to provide required support.
The ac�vi�es for achieving its objec�ves include:
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Community outreach events
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Conferences and events
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Welfare support to members and general public, and
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Various missionary ac�vi�es
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None feeble women forum building women for the home and na�on
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Men Forum
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Youths Forum- to ac�vely engage the youths in spor�ng ac�vi�es and dance/ drama ac�vi�es
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Couples Fellowship
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Men's Fellowship
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Proposed Parents and toddlers group
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House fellowships cells in various loca�ons in the community.
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The Love Christmas Ini�a�ve reaching out to the community and care homes.
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This year, due to COVID some of the churches events were all cancelled, while others were carried out successfully online.
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Also, we have been conscious that many families and members of the community were financially impacted by COVID, and the church was able to help with food stuff and monetary terms were necessary.
THE REDEEMED CHRISTIAN CHURCH OF GOD CITY OF REDEMPTION PARISH
TRUSTEES' REPORT (Con�nued) FOR YEAR ENDED 31 JULY 2021 GRANT MAKING POLICY
The church supports visi�ng ministers of the gospel both within and outside the United Kingdom. The church gives to RCCG WEM (World Evangelism Mission) COF (Central Office Fund) and Kent Area 2 contribu�ons. The church supports other chari�es and missionary that shares its objects in advancement of Chris�an faith and relief of poverty. The church gives occasional grants to congrega�onal members who are in need.
PUBLIC BENEFITS:
The charity con�nues to give advice and needed support to the weak and vulnerable especially through the coffee morning arm of the ministry. The media ministry commenced in full force and will be broadcas�ng life giving gospel messages to a wider audience.
VOLUNTEERS:
The church is grateful to the uns�n�ng efforts of its volunteers who are involved in providing services for the charity. It is es�mated that over 3600 hours are provided by volunteers during the year. If this is conserva�vely valued at 27.50 per hour, the volunteer's effort will amount to over 227,000.
REVIEW OF ACTIVITIES
The church con�nues to enjoy growth in its physical and spiritual life during the year, and in the advancement of Chris�an faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust deed
INVESTMENT POLICY:
The Trustees have decided that at present, funds should be retained in Banks and as far as possible in interest bearing accounts.
PRINCIPAL FUNDING:
Funding has been provided mainly through �thes and offerings by church members.
FUTURE DEVELOPMENT:
The charity con�nues to explore various ways of spreading the gospel of Christ in an effec�ve manner. The charity is also looking to grow in membership and con�nue to develop its members to make life-changing impact in society.
THE REDEEMED CHRISTIAN CHURCH OF GOD crry OF REDEMPTION PARISH TRUSTEES, REPORT FOR YEAR ENDED 31 JULY 2021 STATEMENT OF TRUSTEES, RESPONSIBIUTIES The charity trustees are responsible for preparing the Trustees, Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charty for that period. In preparing these financial statements. the trustees are required to.. Select suitable accounting policies and then apply them consistently,. Observe the methods and principles in the Charities SORP: Make judgement and estimates that are reasonable and prudent: Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation. The trustees recognise their responsibilities to keep proper accounting records that disclose wwth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the company and hence taking reasonable steps for the prevenknon and detection of fraud and other irregularities. The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is a150 appended. Approved by the Trustees on 2 7 May 2022 and signed on their behalf by: Tw5tee Truste
REDEEMED CHRISTIAN CHURCH OF GOD CITY OF REDEMPTION PARISH
INDEPENDENT EXAMINER'S REPORT FOR YEAR ENDED 31 JULY 2021
TO THE TRUSTEES OF THE RCCG — NEW CITY OF REDEMPTION PARISH:
I report on the accounts of the charity for the year ended 31 July 2021 which is set out on pages 8 to 14.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER
The charity's trustees are responsible for the prepara�on of the accounts. The charity's trustees consider that an audit is not required for this year under sec�on 142(2) of the Chari�es Act 2011 and that an independent examina�on is needed.
It is my responsibility to:
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examine the accounts under sec�on 145 of Chari�es Act 2011;
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follow the procedures laid down in the General Direc�ons given by the Charity Commissioners (under sec�on 145(5)(b) of the 2011 Act); and
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state whether par�cular ma�ers have come to my a�en�on.
BASIS OF EXAMINER'S STATEMENT:
My examina�on was carried out in accordance with the General Direc�ons given by the Charity Commission. An examina�on includes a review of the accoun�ng records kept by the charity and a comparison of the accounts presented with those records.
It also includes considera�on of any unusual items or disclosures in the accounts, and seeking explana�ons from you as trustees concerning any such ma�ers. 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 ma�ers set out in the statements below.
EXAMINER'S STATEMENT:
In connec�on with my examina�on, no ma�er has come to my a�en�on:
which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
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proper accoun�ng records are kept (in accordance with sec�on 41 of the Act); and
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accounts are prepared which agree with the accoun�ng records and comply with the accoun�ng requirements of Act; or
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(1) to which, in my opinion, a�en�on should be drawn in order to enable a proper understanding of the accounts to be reached.
Karoo Accountants 39 Emperor Way Ashford Kent TN23 3QY Date: 26/05/2022
The Redeemed Chris�an Church of God - City of Redemp�on Parish Income and Expenditure for year ended 31 July 2021
| Notes INCOMING RESOURCES Dona�ons, Legacies & Similar Incoming Resources 2 Grants Received 3 Ac�vi�es for fund raising 3a Total Incoming resources RESOURCES EXPENDED Charitable Expenditure Grants Payable - Individual Grants Payable - Ins�tu�onal Costs of Ac�vi�es in furtherance of chari�es objects Management and Governance Costs Total Resources Expended Net (Outgoing)/Incoming Resources for year Total Funds at the start of the year BALANCE AT END OF YEAR |
Unrestricted Funds Restricted Funds 2021 2021 £ £ 134,719 134,719 33,414 33,414 0 101,305 37,239 138,544 |
Total Funds Total Funds 2021 2020 £ £ 134,719 90,228 0 0 0 0 0 0 |
|---|---|---|
| 134,719 90,228 |
||
| 0 0 0 0 33,414 41,314 0 0 |
||
| 33,414 41,314 |
||
| 101,305 48,914 37,239 28,209 |
||
| 138,544 77,123 |
Movements in reserves and all recognised and losses are shown above
The Charity's incoming resources and resources expended all relate to con�nuing ac�vi�es
| FIXED ASSETS Notes Tangible Fixed Assets CURRENT ASSETS Cash and Bank Balances 9 Debtors & Receivables 9 LIABILITIES Creditors 11 Accrual and Deferred Income: Hire Purchase Credit NET ASSETS CHARITY FUNDS General - Unrestricted 1d Other TOTAL FUNDS |
The Redeemed Chris�an Church of God - City of Redemp�on Parish Balance Sheet for year ended 31 July 2021 2021 £ 19,617 4,031 23,648 114,896 114,896 0 138,544 101,305 37,239 138,544 |
2020 £ 19,103 |
|---|---|---|
| 19,103 63,272 0 |
||
| 63,272 | ||
| 0 | ||
| 82,375 | ||
| 76,952 5,423 |
||
| 82,375 |
The accounts have been prepared in accordance with the special provision of Statement of Recommended Prac�ce:
Accoun�ng and Repor�ng by Chari�es (SORP) issued March 2005 as modified for smaller chari�es
Approved by the Trustees on 27 May 2022 and signed on behalf by:
THE REDEEMED CHRISTIAN CHURCH OF GOD —CITY OF REDEMPTION PARISH
NOTES TO THE ACCOUNTS
1. ACCOUNTING POLICIES
(a) The accounts are prepared under the historical cost conven�on and in accordance with applicable accoun�ng standards. They follow best prac�ce as set out in the Statement of Recommended Prac�ce: Accoun�ng and Repor�ng by Chari�es (SORP) issued March 2005 as
(b) Income and expenditure are accounted for on an accruals basis.
(c) Fixed assets comprise furniture and equipment and musical equipment’s and have been cos�ng more than £100. Tangible fixed assets are stated at cost less deprecia�on. Deprecia�on is provided at rates calculated to write off the cost of fixed assets less the es�mated residual value, over their expected useful lives on the following bases:
Musical equipment - 25% reducing balance,
Furnitures and fi�ngs - 25% reducing balance
Computer equipment - 25% reducing balance
Motor Vehicles - 5% reducing balance
(d) Unrestricted funds are incoming resources received for the objects of the charity without further specified purpose and are available as general funds.
(e) Restricted funds are subject to restric�ons on their expenditure imposed by their donors.
| Cost As 1 August 2020 Addi�ons As 31 July 2021 Deprecia�on Charge for the year As 31 July 2021 Net Book Value As 31 July 2021 |
Motor Vehicles Musical Equipment Computers & Projectors Furnitures & Fi�ngs 2,397 2,032 7,326 7,348 2,158 466 2,397 2,032 9,484 7,814 240 203 949 718 240 203 949 718 2,157 1,829 8,535 7,096 |
Total 31-Jul- 2021 Total 31 Jul- 2020 19,103 18,945 2,624 2,281 21,727 21,226 2,110 2,123 2,110 2,123 19,617 19,103 |
|---|---|---|
| The Redeemed Chris�an Church of God - City of Redemp�on Parish | The Redeemed Chris�an Church of God - City of Redemp�on Parish | The Redeemed Chris�an Church of God - City of Redemp�on Parish | The Redeemed Chris�an Church of God - City of Redemp�on Parish | The Redeemed Chris�an Church of God - City of Redemp�on Parish | The Redeemed Chris�an Church of God - City of Redemp�on Parish | The Redeemed Chris�an Church of God - City of Redemp�on Parish | The Redeemed Chris�an Church of God - City of Redemp�on Parish |
|---|---|---|---|---|---|---|---|
| Income and Expenditure foryear ended 31 July 2021 | |||||||
| Unres�cted Funds |
Res�cted Funds |
Total Funds | Total Funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| £ | £ | £ | £ | ||||
| 2. Dona�ons, Legacies & Similar Incoming Resources | |||||||
| Collec�on and other dona�ons - UNRESTRICTED | |||||||
| Planned Giving | 0 | 0 | |||||
| Collec�on at all services | 68,928 | 68,928 | 30,835 | ||||
| SundryDona�ons | 5,386 | 5,386 | 0 | ||||
| BuildingFund | 51,318 | 51,318 | 51,442 | ||||
| Gi� Aid Tax Claimed | 8,793 | 8,793 | 7,781 | ||||
| 134,425 | 0 | 134,425 | 90,058 | ||||
| Unres�cted Funds |
Res�cted Funds |
Total Funds | Total Funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| £ | £ | £ | £ | ||||
| 3. GRANT RECEIVED | |||||||
| From RCCG Provincial Headquarters for Missions | 0 | 0 | 0 | 0 | |||
| Unres�cted Funds |
Res�cted Funds |
Total Funds | Total Funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| £ | £ | £ | £ | ||||
| 3a. FUND RASING ACTIVITIES | |||||||
| Discount Received | 0 | 0 | 0 | 0 | |||
| Unres�cted Funds |
Res�cted Funds |
Total Funds | Total Funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| £ | £ | £ | £ | ||||
| 4. Grants Payable - Individual | |||||||
| Individual Welfare | 0 | ||||||
| 5. Grants Payable - Ins�tu�onal | |||||||
| Charitable Giving- UK | 0 | ||||||
| Charitable Giving- Overseas | |||||||
| Total | 0 | ||||||
| List of Ins�tu�onal Grants Payable | |||||||
| Sor�e Trust,Outreach | 0 | ||||||
| Total Grant Payable - Ins�tu�onal | 0 | 0 | 0 | 0 | |||
| 6. COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS | |||||||
| Conference & Seminar Cost | 538 | 538 | 5,775 | ||||
| Deprecia�on | 2,110 | 2,110 | 2,123 | ||||
| Hall Hire,Rent & Rates | 9,049 | 9,049 | 9,673 | ||||
| Insurance | 763 | 763 | 1,345 | ||||
| Missions and Evangelism | 6,120 | 6,120 | 5,401 | ||||
| Motor Expenses | 1,495 | 1,495 | 920 | ||||
| Pastor's Salary | 6,000 | 6,000 | 5,500 | ||||
| Prin�ng,Postage and Sta�onery | 619 | 619 | 1,564 | ||||
| SundryExpenses | 1,425 | 1,425 | 1,210 | ||||
| Telephone & Fax | 1,173 | 1,173 | 2,851 | ||||
| Travel and Subsistence | 152 | 152 | 330 | ||||
| Visi�ngSpeakers Expenses | 1,300 | 1,300 | 2,100 | ||||
| Welfare & Hospitality | 2,270 | 2,270 | 1,722 | ||||
| 33,014 | 0 | 33,014 | 40,514 | ||||
| 7. MANAGEMENT AND GOVERNANCE COSTS | |||||||
| Interest & Bank Charges | 0 | 0 | 0 | ||||
| Examiner's Fees - Accountancy | 400 | 400 | 800 | ||||
| Professional Fees | 0 | 0 | |||||
| 400 | 0 | 400 | 800 | ||||