The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 ## **REDEEMED CHRISTIAN CHURCH OF GOD Jesus Christ Assembly, Bath, UK** ## **Reports and Financial** ## **Statements** **Status:** Registered charitable organisation since 8[th ] September 2008 ## **Trustees and Management Committee** Sandra Simbeye Nkechi Ejeko Pastor Nicodemus Oduaro ## **Registered office address** 59a Queens Road, Keynsham, Bristol, BS31 2NQ Registered charity number 1125740 Bankers Barclays HSBC 1 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 **THE REDEEMED CHRISTIAN CHURCH OF GOD, JESUS CHRIST ASSEMBLY BATH PARISH---END OF YEAR REPORT WITH ACCOUNTS ATTACHED FOR THE YEAR ENDED 31st DECEMBER 2020** The Redeemed Christian Church of God, Jesus Christ Assembly, can only thank God for His mercies that endures forever. Yes, the year started with so much excitements, hope and a great vision for a wonderful year ahead. However, within the year, a lot of testimonies has happened, even though our numerical number had reduced, we are still matching forward, stronger and embedded with the strong hope in Jesus that has driven us all the while. One of our accomplishment are The ever rising and strong community efforts that has been propelled by Amazing Grace which happens to be our church outreach to our community. Amazing grace has supported the hopeless, YMCA, Julian House, donating food to food bank, clothing the homeless in the Bath and it’s environment. Providing toiletries and clothing’s to homeless women in Bath, and many more. Outreach and evangelism hasn’t grown as anticipated due to the outbreak of covid-19. However, our normal Sunday offering has gone down as we are no longer in a physical building, hence the little widows mite that children, students and other adults contribute has automatically seized. We are now dependent on regular givers who have willingly set up direct debits and give as much as they want to. Yet, we have very committed individuals who give regularly. The youth ministry is waxing stronger and stronger, the leadership is doing an awesome and great work. Some members left, and this has reduced our number. We have switched to online service, using ZOOM platform, this platform has allowed people from all works of life and other nations to join our services. Our annual Women’s conference that usually attracts women from all works of life couldn’t hold due to Coronavirus, we look forward to a better conference next year by the grace of God. We are utmost grateful for being alive. 2 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 |||**Independent examiner's report on the accounts**|**Independent examiner's report on the accounts**|**Independent examiner's report on the accounts**||| |---|---|---|---|---|---|---| |**Section A**
**Independent Examiner’s Report**||||||| |||||||| |**Report to the trustees/ members of**
**On accounts for the year ended**
**Set out on pages**
**Respective responsibilities of**
**trustees and examiner**
**Basis of independent examiner’s**
**statement**
**Independent examiner's statement**||||||| ||Charity Name
Redeemed Christian Church of God Jesus Christ Assembly, Bath|||||| |||||||| ||2020||**Charity no (if any)**|1125740||| |||||||| ||6 onwards
(remember to include the page numbers of additional sheets)|||||| ||The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities
Act 2011 (“the Act”).
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and
that an independent examination is needed. [The charity’s gross income exceeded £250,000 and I am
qualified to undertake the examination by being a qualified member of CIMA
It is my responsibility to:
•
examine the accounts under section 145 of the Charities Act,
•
to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the
Act, and
•
to state whether particular matters have come to my attention.
My examination was carried out in accordance with 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 the 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.
In connection with my examination, no material matters have come to my attention (other than that
disclosed below *) which gives me cause to believe that in, any material respect,:
•
the accounting records were not kept in accordance with section 130 of the Act; or
•
the accounts did not accord with the accounting records; or
•
the accounts did not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of
an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.|||||| * _Please delete the words in the brackets if they do not apply._ |**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body (if any):**
**Address:**||**Date:**||| |---|---|---|---|---| |||||| ||Princess Nyasha Tondoro|||| |||||| ||CIMA|||| |||||| ||17 Singers Knoll,Frome,Somerset,BA11 1GJ|||| |||||| |||||| 3 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here details of any items that the examiner wishes to disclose** . 4 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 ## **Section A Statement of financial activities (including summary income and expenditure account)** |Guidance
Note
**Recommended categories by**
**activity**
**Income (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
**_Total_**
S07
**Expenditure (Notes 4)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material expense item
S10
Other
S11
**_Total_**
S12
**Net income/(expenditure) before**
**tax for the reporting period**
S13
Tax payable
S14
**Net income/(expenditure) after**
**tax before investment**
**gains/(losses)**
S15
Net gains/(losses) on
Investments
S16
**Net income/(expenditure)**
S17
**Extraordinary items**
S18
**Transfers between funds**
S19
**Other recognised gains/(losses):**
Gains and losses on revaluation of
fixed assets for the charity’s own use
S20
Other gains/(losses)
S21
**_Net movement in funds_**
S22
**_Reconciliation of funds:_**
Total funds brought forward
S23
**_Total funds carried forward_**
S24|**Unrestricted**
**funds**
**£**
F01|**Restricted income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|**Total**
**funds**
**£**
F04|**Prior year**
**funds**
**£**
F05| |---|---|---|---|---|---| ||52219||-|52219|86977| |||-|-|0|0| ||-|-|-|0|0| ||-|-|-|0|0| ||17757|-|-|17757|0| ||20|-|-|20|0| ||69996|0|-|69996|86977| ||||||| ||-|-|-|0|0| ||32201|-|-|32201|39675| ||3875|||3875|0| ||-|-|-|0|0| ||36076|-|-|36076|39675| ||||||| |||||**0**|**0**| ||33920||-|33920|47302| ||-|-|-|-|-| ||||||| ||33920|0|-|33920|47302| ||-|-|-||0| |||||0|| ||33920||0|33920|47302| ||-|-|-|-|-| ||-|-|-|0|0| ||||||| ||-|-|-||0| |||||0|| ||-|-|-|0|0| ||33920||-|33920|47302| ||||||| ||141832|14504|-|156336|109034| ||175752|14504|-|190256|156336| 5 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 **Section B Balance sheet** |Guidance Note
**Fixed assets**
Intangible assets
B01
Tangible assets (Note 12)
B02
Heritage assets
B03
Investments
B04
**_Total fixed assets_**
B05
**Current assets**
Stocks
B06
Debtors (Note 15)
B07
Investments
B08
Cash at bank and in hand (Note 18)
B09
**_Total current assets_**
B10
**Creditors: amounts falling due within one year (Note**
**16)**
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
**Creditors: amounts falling due after one year**
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
Funds of the Charity
Endowment funds
B17
Restricted income funds (Note 20)
B18
Unrestricted funds
B19
Revaluation reserve
B20
Fair value reserve
B21
**_Total funds_**
B22|**Unrestricted**
**funds**
**£**
F01|**Restricted income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|**Total this**
**year**
**£**
F04|**Total last**
**year**
**£**
F05| |---|---|---|---|---|---| ||-|-|-|0|0| ||10677|-|-|10677|13346| ||-|-|-|0|0| ||-|-|-|**0**|**0**
0| |||||0|| ||**10677**|**-**|**-**|**10677**|**13346**| ||||||| ||-|-|-|0|0| ||0|-|-|0|0| ||-|-|-|0|0| ||165675|14504|-|180179|158289| ||**165675**|**14504**|**-**|**180179**|**158,289**| ||||||| ||600|-|-|**0**|**0**
600| |||||600|| ||||||| ||**165075**|**14504**|**-**|**179579**|**13386**| ||||||| ||**175752**|**14504**|**-**|**190256**|**171035**| ||||||| ||-|-|-||-| ||||||| |||||-|| ||-|-|-|-|-| ||||||| ||||||| ||**175752**|**14504**|**-**|**190256**|**183782**| ||||||| |||-||-|-| |||14504||14504|14504| ||175752|-||175752|183142| |||||-|-| ||||||| ||**175752**|**14504**|**-**|**190256**|**183782**| The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 6 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. |
with FRS102 SORP.||| |---|---|---| |**Signed by one or two trustees/directors on behalf of all the**
**trustees/directors**|**Print Name**|**Date of**
**approval**
**dd/mm/yyyy**| |||| |||| 7 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 ## **Section C Notes to the accounts** ## **Note 1 Basis of preparation** ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in • and with* ✓ accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* - -Tick as appropriate ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ An explanation as to those factors that support the _**Activities have continued as expected and membership has grown.**_ conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern _**Not Applicable**_ assumption doubtful; Where accounts are not prepared on a going concern basis, _**Not Applicable**_ please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. ## **1.3 Change of accounting policy** The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }. Yes* ✓ * -Tick as appropriate No* 8 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 ## **Note 2 Accounting policies** **2.2 INCOME Recognition of income** These are included in the Statement of Financial Activities (SoFA) when: the charity becomes entitled to the resources; it is more likely than not that the trustees will receive the resources; Yes* No* N/a* the monetary value can be measured with sufficient reliability. ✔ There has been no offsetting of assets and liabilities, or income and expenses, Yes* No* N/a* **Offsetting** unless required or permitted by the FRS 102 SORP or FRS 102. ✔ **Grants and donations** Grants and donations are only included in the SoFA when the general income Yes* No* N/a* recognition criteria are met (5.10 to 5.12 FRS102 SORP). ✔ In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions Yes* No* N/a* are met (5.16 FRS 102 SORP). ✔ Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are **Legacies** sufficient assets in the estate and any conditions attached to the legacy are either Yes* No* N/a* within the control of the charity or have been met. ✔ Yes* No* N/a* **Government grants** The charity has received government grants in the reporting period ✔ Gift Aid receivable is included in income when there is a valid declaration from **Tax reclaims on** Yes* No* N/a* the donor. Any Gift Aid amount recovered on a donation is considered to be part **donations and gifts** of that gift and is treated as an addition to the same fund as the initial donation ✔ unless the donor or the terms of the appeal have specified otherwise. **Contractual income** This is only included in the SoFA once the charity has provided the related goods Yes* No* N/a* **and performance** or services or met the performance related conditions. ✔ **related grants** Yes* No* N/a* **Donated goods** Donated goods are measured at fair value (the amount for which the asset could ✔ be exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed Yes* No* N/a* to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are ✔ distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which Yes* No* N/a* is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised ✔ in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. 9 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 |Goods donated for on-going use by the charity are recognised as tangible fixed
assets and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from
donations when receivable.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the
value of the gift to the charity provided the value of the gift can be measured
reliably.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the
appropriate heading in the SOFA.
**Support costs**
The charity has incurred expenditure on support costs.
No*
The value of any voluntary help received is not included in the accounts but is
described in the trustees’ annual report.
**Income from interest,**
**royalties and**
**dividends**
This is included in the accounts when receipt is probable and the amount
receivable can be measured reliably.
**Income from**
**membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in
Donations and Legacies.
Membership subscriptions which gives a member the right to buy services or
other benefits are recognised as income earned from the provision of goods and
services as income from charitable activities.
**Settlement of**
**insurance claims**
Insurance claims are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an
item of other income in the SoFA.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of
investments and any gain or loss resulting from revaluing investments to market
value at the end of the year.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
**Governance and**
**support costs**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the
amount of the obligation can be measured with reasonable certainty.
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity
and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property
costs by floor areas, or per capita, staff costs by the time spent and other costs by
their usage.
**Volunteer help**|Yes*|No*|N/a*
✔
Yes*
N/a*
✔
✔
✔
✔
✔
✔| |---|---|---|---| ||✔||| ||||| ||✔||| ||||| ||||✔| ||||| ||||✔| ||||| ||||✔| ||||| ||✔||| ||||| ||✔
✔||| ||||| ||||✔| ||||| ||||✔| ||||| ||||✔| ||||| ||||✔| ||||| ||||| ||||| ||✔||| ||||| ||✔||| ||||| 10 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 |**Creditors**
**Grants with**
**performance**
**conditions**
**Grants payable**
**without performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific
level of service or output to be provided, such grants are only recognised in the
SoFA once the recipient of the grant has provided the specified service or output.
Where there are no conditions attaching to the grant that enables the donor
charity to realistically avoid the commitment, a liability for the full funding
obligation must be recognised.
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
The charity has creditors which are measured at settlement amounts less any
trade discounts
**Provisions for**
**liabilities**
**Basic financial**
**instruments**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at
the reporting date
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs
11.17 to 11.19, FRS102 SORP.
**2.4 ASSETS**
**Tangible fixed assets**
**for use by charity**
These are capitalised if they can be used for more than one year, and cost at least
£250. They are valued at cost.
The depreciation rates and methods used are disclosed in note 14.
**Intangible fixed assets**
The charity has intangible fixed assets, that is, non-monetary assets that do not
have physical substance but are identifiable and are controlled by the charity
through custody or legal rights. The amortisation rates and methods used are
disclosed in note 15.
They are valued at cost.
**Heritage assets**
The charity has heritage assets, that is, non-monetary assets with historic,
artistic, scientific, technological, geophysical or environmental qualities that are
held and maintained principally for their contribution to knowledge and culture.
The depreciation rates and methods used as disclosed in note 16.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments
are valued at initially at cost and subsequently at fair value (their market value)
at the year end. The same treatment is applied to unlisted investments unless
fair value cannot be measured reliably in which case it is measured at cost less
impairment.
Investments held for resale or pending their sale and cash and cash equivalents
with a maturity date of less than 1 year are treated as current asset investments
**Stocks and work in**
Stocks held for sale as part of non-charitable trade are measured at the lower or||||||✔|✔|✔| |---|---|---|---|---|---|---|---|---| |||||||||| |||✔||||||| |||Yes*||No*||||| |||✔||||||| |||||||||| |||✔||||||| |||||||||| |||✔||||||| |||✔
✔||||||| |||||||||| |||||||||| |||||||||| |||||||||| |||✔||||||| |||||||||| |||||✔||||| |||Yes*||No*||||| |||||||||✔| |||||||||| |||||||||✔| |||||||||| |||||||||✔| |||||||||| |||||||||✔| |||||||||✔| |||||||||| 11 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 cost or net realisable value. ## **progress** Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors (including trade debtors and loans receivable) are measured on initial **Debtors** recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include **Current asset** cash on deposit and cash equivalents with a maturity of loss than one year held **investments** for investment purposes rather than to meet short-term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments. ✔ ✔ ✔ ✔ ✔ ✔ 12 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 ## **Note 3 Income** |**Note 3 Income**||||||| |---|---|---|---|---|---|---| |**Donations and**
**legacies:**
**TOTAL INCOME**|**Analysis of income**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|||||| ||Donations and gifts|52219||-|52219|86977| ||Gift Aid|17757|-|-|17757|| ||Legacies|-|-|-|-|-| ||General grants provided by government/other charities|-|-|-|-|-| ||Membership subscriptions and sponsorships which are in
substance donations|-|-|-|-|| ||Donated goods, facilities and services|-|-|-|-|-| ||Other|20|-|-|20|| ||**Total**|69977||-|69977|86977| |||||||| |||||||| ## **TOTAL INCOME** ## **Note 4 Expenditure** |**Expenditure on**
**charitable**
**activities**|**Analysis of expenditure**|**Unrestricted**
**funds**|**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total**
**funds**
**£**|**Prior**
**year**
**£**| |---|---|---|---|---|---|---| ||**Contribution to RCCG Central office**||-|-||| |||||||| ||Donations, Honorariums and Member Welfare|2340|-|-||8105| ||||||1240|| ||Outreach and Conferences|1457|-|-||6265| ||||||1457|| |||||||| ||Books and clergy ites|260|-|-||| ||||||260|| ||Website and printing|750|||750|| |||||||| ||Travel|1057|||1057|| |||||||| ||**Total expenditure on charitable activities**||||5863|**16352**| |||5863|-|-||| |||||||| |||||||| ## **Other** |**TOTAL**
**EXPENDITURE**|**Salaries & PAYE/NI costs**
Rent and rates
Subscription and Licenses
Accountancy fees
Depreciation
Other costs|22445|-|-||16869| |---|---|---|---|---|---|---| ||||||22445|| ||||-|-||3789| |||||||| |||144|-|-||| ||||||144|| |||600|-|-||600| ||||||600|| |||2669|-|-||3337| ||||||2669|| |||4359|||4359|2611| |||||||| ||**Total other expenditure**|30212|-
|-|**30212**|27206| |||||||| ||**Total expenditure**||||**36076**|| |||36076|-|-||27206| 13 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 ## **Note 5 Fees for examination of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_ |**Independent examiner’s fees**| |---| |**Assurance services other than independent examination**| |**Tax advisory fees**| |**Note 6**
**Extraordinary items**| |**This year**
**£**
600|**Last year**
**£**| |---|---| ||600| ||| ||| ## _**Please explain the nature of each extraordinary item occurring in the period.**_ |**Extraordinary item 1**
**Extraordinary item 2**
**Extraordinary item 3**
**Extraordinary item 4**
**Total extraordinary items**|**Description **|**This year**
**£**|**Last year**
**£**| |---|---|---|---| ||**The church covered the costs for Pastor Nicodemus’s MBA studies**||| |||**£3875**|| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| |||-|-| ||||-| ||||| ||||| |||-|| ||||| ||||-| ||||| ||||| ||||| |||-|| ||||| |||£3875|| 14 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 ## **Note 7 Paid employees** _**Please complete this note if the charity has any employees (transactions with Trustees dealt with in Note 28)**_ ## **Staff Costs** |**Staff Costs**||| |---|---|---| |**Salaries and wages**
**Social security costs**
**Pension costs (defined contribution pension plan)**
**Other employee benefits**
**Total staff costs**|**This year**
**£**|**Last year**
**£**| ||15377|15377| ||2256|2376| ||1380|702| ||3875|-| ||22888|18454| |||| |**Band**|**Number of employees**| |---|---| |**£60,000 to £69,999**|0| |**£70,000 to £79,999**|0| |**£80,000 to £89,999**|0| |**£90,000 to £99,999**|0| |**£100,000 to £109,999**|0| ||| ||| ||| |**Please provide the total amount paid to key**
**management personnel (includes trustees and senior**
**management) for their services to the charity. For**
**specific amounts paid to trustees, see Note 28.**|| ||£15,377| |**Average head count in the year**
**The parts of the charity in which the employees work**||**This year**
**Number**|**Last year**
**Number**| |---|---|---|---| ||**Fundraising**|-|-| ||**Charitable Activities**|-|-| ||**Governance**|-|-| ||**Other**|1|1| ||**Total**|1|1| ||||| **Average head count in the year** 15 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 **Note 8 Tangible fixed assets** ## _**Please complete this note if the charity has any tangible fixed assets**_ ## **8 Cost or valuation** |At the beginning of the year
Additions
Revaluations
Disposals
Transfers *
At end of the year
**9 Depreciation and impairm**
****Basis**
**** Rate**
At beginning of the year
Disposals
Depreciation
At end of the year
**10 Net book value**
Net book value at the
beginning of the year
Net book value at the end of
the year|**Freehold land &**
**buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant, machinery**
**and motor**
**vehicles**
**£**|**Fixtures, fittings**
**and equipment**
**£**|**Total**
**£**|**Total**
**£**| |---|---|---|---|---|---|---| ||-|-|27215|-|27215|| |||||||| ||-|-||-||| |||||||| ||-|-|-|-|-|| |||||||| ||-|-|-|-|-|| |||||||| ||-|-|-|-|-|| |||||||| ||-|-|27215|-|27215|| |||||||| ||**ents**|||||| ||SL or RB|SL or RB|RB|SL or RB|SL or RB|Straight Line
("SL") or
Reducing
Balance ("RB")| ||||20%||13920
-
2670
16589|| ||-|-|13920|-|13920|| |||||||| |||||||| ||-|-|-|-|-|| |||||||| ||-|-|2669|-|2670|| |||||||| ||-|-|16589|-|16589|| |||||||| ||||||13295
10677|| ||-|-|13295|-|13295|| |||||||| |||||||| ||-|-|10677|-|10677|| |||||||| 16 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 **Note 11 Debtors and prepayments** ## _**Please complete this note if the charity has any debtors or prepayments.**_ ## **Analysis of debtors** |**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| |||| |||| |||| |||| |||| ## **Note 12 Creditors and accruals** ## **Analysis of creditors** |**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or performance-**
**related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**Amounts falling due within one**
**year**|**Amounts falling due within one**
**year**|**Amounts falling due after more**
**than one year**|**Amounts falling due after more**
**than one year**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||||-|-| ||-|-|-|-| ||600|600|-|-| ||||-|-| ||-|-|-|-| ||600|600|-|-| ## **Note 13 Other disclosures for debtors, creditors and other basic financial instruments** **Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.** ## **Notes 14 Cash at bank and in hand** |**Notes 14 Cash at bank and in hand**||| |---|---|---| |**Short term cash investments (less**
**than 3 months maturity date)**
**Short term deposits**
**Cash at bank and on hand**
**Other**
**Total**|**This year**
**£**|**Last year**
**£**| ||-|-| ||-|-| ||180179|143590| ||-|-| ||180179|143590| 17 The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2020 to 31[st ] December 2020 ## **Note 15 Fair value of assets and liabilities** **15.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.** Risk is minimal as the arrangement states debt should be repaid within a year. Loans are only granted to members who are individuals that have established a long standing relationship with the church. All loans are considered by the charity Treasurer who acts as a check before funds are released. ## **Note 16 Charity funds** ## **16.1 Details of material funds held and movements during the CURRENT reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**Fund names**|**Type PE,**
**EE R or**
**UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains**
**and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |---|---|---|---|---|---|---|---|---| |Building Fund|R|Funds raised will go towards the
purchase of a building for
congregational worship and
community outreach.|14504||-|-|-|| |||||||||14504| |||||||||| |Church bus fund|R|The fund is for the purchasing of a
bus to enable convenient
transporting of members to
services and national outreach
Events||||-|-|| |||||||||| |||||||||| |||||||||| |||||||||| |Unrestricted funds|UR|Funds are used for the
operational activities of the
church such as salary costs for the
the Pastor. These funds will also
go towards the purchase of the
building.|141832|69996|36076|-|-|| |||||||||| |||||||||| |||||||||| |||||||||175752| |||||||||| |**_Other funds (balancing_**
**_figure)_**|**N/a**|**N/a**|-|-|-|-|-|| |||||||||| |||||||||-| |||||||||| |**Total Funds as per balance sheet**||||||||| ||||156336|86977|46809|-|-|190256| |||||||||| **Fund balances carried forward include assets and liabilities denominated in a foreign currency** |Yes*|No*| |---|---| ||No| 18 The RedeÈmed Christian Ghur¢h 01 God-Jesus Chrlst Assembly, Bath.. Annual A(tounts For Ihe Perlod 1"January 202010 31° December 2020