2021-12-31-accounts - The Redeemed Christian Church Of God, Jesus Christ Assembly, Bath

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The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021

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

Blessing Mutandwa Sandra Simbeye Nkechi Ejeko Pastor Nicodemus Oduaro

Registered office address

59a Queens Road, Keynsham, Bristol, BS31 2NQ

Registered charity number 1125740 Bankers Barclays HSBC

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021

THE REDEEMED CHRISTIAN CHURCH OF GOD, JESUS CHRIST ASSEMBLY BATH PARISH---END OF YEAR REPORT WITH ACCOUNTS ATTACHED FOR THE YEAR ENDED 31st DECEMBER 2021

The Redeemed Christian Church of God, Jesus Christ Assembly, can only thank God for His mercies that endures forever.

The year started with so much excitement, hope and a great vision for a wonderful year ahead. We have had a lot of testimonies within the year, we have also had a few new members joining us, we are still marching forward, stronger and embedded with the strong hope in Jesus that has driven us all the while.

One of our accomplishments 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 homeless, YMCA, donating food to food bank, clothing the homeless in the Bath and it’s environs. Providing toiletries and clothing’s to homeless women in Bath, and many more.

Outreach and evangelism has not grown as anticipated due to the outbreak of covid-19. The use of ZOOM has opened up endless opportunities for us to reach people beyond the shores of United Kingdom.

However, we managed to start using a physical building in October 2021. Most of the givers have willingly set up direct debits and give as much as they want to and some of the givers give in directly in church during Sunday services and 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. And the church minibus we purchased the year before, has continued to enable us to reach more people, convey members to church, do more outreach work.

We also acquired a building for the purpose of using it as a church, at auction in May 2021 at a cost of £188,000.

Our annual Women’s conference that usually attracts women from all works of life couldn’t hold due to Coronavirus neither did the church and youth conference hold. We look forward to holding the conferences next year by the grace of God.

We thank God for His mercy and grace and we are utmost grateful for being alive.

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021

		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

	2021	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

The RedeÈmed Christian Ghur¢h 01 God-Jesus Chrlst Assembly, Bath.. Annual A(tounts For Ihe Perlod 1°January 2021 10 31° December 2021

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021

Section A Statement of financial activities (including summary income and expenditure account)

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	Total funds £ F04	Prior year funds £ F05
119786		-	119786	52219
	-	-	0	0
-	-	-	0	0
-	-	-	0	0
0	-	-	0	17757
0	-	-	0	20
119786	0	-	119786	69996

-	-	-	0	0
30767	-	-	30767	32201
3875			3875	3875
-	-	-	0	0
34642	-	-	34642	36076

			0	0
85144		-	85144	33920
-	-	-	-	-

85144	0	-	85144	33920

-	-	-	0	0
85144		0	85144	33920
-	-	-	-	-
-	-	-	0	0


-	-	-	0	0
-	-	-	0	0
85144		-	85144	33920

175752	14504	-	190256	141832
260896	14504	-	275400	175752

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021 Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	Total this year £ F04	Total last year £ F05
-	-	-	0	0
212783	-	-	212783	10677
-	-	-	0	0
			0	0
-	-	-	0	0
212783	-	-	212783	10677

-	-	-	0	0
0	-	-	0	0
-	-	-	0	0
45639	15174	-	60813	180179
45639	15174	-	60813	180,179

			0	0
5031	-	-	5,031	600

40608	15174	-	55782	179579

253391	15174	-	268565	190256



-	-	-	-	-
-	-	-	-	-

253391	15174	-	268565	190256

-			- 15174 253391 -	-
	15174	-		183142
253391				141832
				-

253391	14504	-	267895	190256

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.

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.

Signed by one or two trustees/directors on behalf of all the trustees/directors	Print Name	Date of approval dd/mm/yyyy

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021

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

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021

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'.

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021

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* ✔ ✔ ✔ ✔ ✔ ✔
	✔

	✔

			✔

			✔

			✔

	✔

	✔ ✔

			✔

			✔

			✔

			✔



	✔

	✔

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021

		✔

✔
Yes*	No*
✔

✔

✔
✔ ✔




✔

	✔
Yes*	No*
		✔

		✔

		✔

		✔
		✔

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021

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.

✔ ✔ ✔ ✔

✔ ✔

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021

Note 3 Income

	Unrestricted funds £	Restricted funds £	Endowment funds £	Total £	Prior Year £
Donations and gifts	119786.53	670	-	120456.53	52219
Gift Aid			-		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
Total	119786.53	670	0	120456.5	69996

Note 4 Expenditure

	Unrestricted funds	Restricted funds	Endowment funds	Total	Prior Year
	£	£	£	£	£
Donations, Honorariums and Member Welfare	3738	-	-	3738	1240
Outreach and Conferences	189	-	-	189	1457
Books and clergy ites	285	-	-	285	260
Website and printing				0	750
Travel	111			111	1057
Total expenditure on charitable activities	4323	-	-	4323	4764

	Unrestricted funds £	Restricted funds £	Endowment funds £	Total £	Prior Year £
Salaries & PAYE/NI costs	20662	-	-	20662	22445
Subscription and Licenses					144
Accountancy fees	1600			1600	600
Depreciation	3465	-	-	3465	2669
Other costs	717			717	4359
Total other expenditure	26444			26444	30212
Total expenditure	4323	-	-	30767	34976

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021

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).

	This year	Last year
	£	£
Independent examiner’s fees	600	600
Assurance services other than independent examination
Tax advisory fees

Note 6 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

Description	This year £	Last year £
Purchase of building








	-	-
		-


	-

		-



	-

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021

Note 7 Paid employees

Please complete this note if the charity has any employees (transactions with Trustees dealt with in Note 28)

Staff Costs

	This year	Last year
	£	£
Salaries and wages	14905	15377
Social security costs	4497	3480
Pension costs (defined contribution pension plan)	1260	1380
Other employee benefits
Total	20662	20237

Total staff costs

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 £15,377 management personnel (includes trustees and senior management) for their services to the charity. For specific amounts paid to trustees, see Note 28.

	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	-	-
Governance	-	-
Other	1	1
Total	1	1

Average head count in the year

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021 Note 8 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

8 Cost or valuation

Freehold land & buildings	Other land & buildings	Plant, machinery and motor vehicles	Fixtures, fittings and equipment	Total
£	£	£	£	£
-	-	27215	-	27215
229678	-		1339	231017
-	-	-	-	0
-	-	-	-	0
-	-	-	-	0
229678	-	27215	1339	258232

SL or RB	SL or RB	RB	SL or RB	SL or RB	Straight Line ("SL") or
					Reducing Balance ("RB")
		20%	20%

-	-	16589	-	16589
-	-		-
-	1148	2186	268	3602
-	1148	18775	268	20191

-	-	10677	-	10677
-	228530	8491	1071	238092

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021 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

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 £
-	-	-	-
-	-	-	-
		-	-
-	-	-	-
1200	600	-	-
3831		-	-
-	-	-	-
5031	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 £
	-	-
	-	-
	60813	180179
	-	-
	60813	180179

The Redeemed Christian Church Of God – Jesus Christ Assembly, Bath: Annual Accounts For the Period 1[st ] January 2021 to 31[st ] December 2021

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	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	670	-	-	-	15174
Church bus fund	R	The fund is for the purchasing of a bus to enable convenient transporting of members to services and nationaloutreachevents
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.	175752	119786	34642		-	260896
*Other funds* *(balancing* *figure)*
	N/a	N/a	-	-	-	-	-	-
Total Funds as per balance sheet			190256	120456	34642	0	0	276070

Fund balances carried forward include assets and liabilities denominated in a foreign currency

Yes*	No*
	No

The RedeÈmed Christian Ghur¢h 01 God-Jesus Chrlst Assembly, Bath.. Annual A(tounts For Ihe Perlod 1°January 2021 10 31° December 2021