Charity number: 1126130
REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND
TRUSTEES' REPORT AND ACCOUNTS
For the year ended 31 March 2021
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REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Contents Page For the year ended 31 March 2021
| Report of the Trustees | 1 to 2 |
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| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 |
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REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Report of the Trustees
For the year ended 31 March 2021
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The Charity's objectives are the advancement of the Christian religion and the relief of poverty worldwide. These objectives are charitable and operate for the public benefit.
The charity pursues these objectives by operating a centre for Christian worship at it's premises in Tilbury, Essex.
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)'.
Social investments
Church Social Responsibility and Community Action are two units within Fruitful Land that focus purely on helping the disadvantaged and less privileged within its local community and overseas.
The Church partners with Thurrock Food Bank which is dedicated to helping local people in crisis.
Volunteers
The charity has many volunteers that assist the Church in achieving its objectives.
ACHIEVEMENTS AND PERFORMANCE
Partnering with other charities to run charitable activities, the Church continues to impact lives across the globe.
The Charity continues to provide invaluable financial and administrative support to The Festival of Life prayer event held biannually, the World Evangelical Mission (WEM) and other charities (locally, nationally and internationally) that operate within its objects.
Our Diversity day is full of activities to bridge the gap within every ethnic group.
During the COVID-19 pandemic, 59 families within the community were provided with food and funds to meet their immediate needs.
Fruitfulland Tilbury also partnered with the Love Your Neighbour (LYN) initiative and provided 1000 food hampers which were distributed to the members of the community to alleviate food poverty.
Significant activities
RCCG Fruitful Land continues to Impact lives across the globe. The charity runs various welfare services to the homeless, elderly and those who are at a disadvantage within the community.
The charity works well with Thurrock Mental Health services to provide awareness on mental health issues to the community. We run several training and awareness programmes in the community, creating awareness about wellbeing, debt management (CAP), Domestic Abuse as well as Keeping Fit.
During the Operation Christmas Project; the Mayor of Thurrock, local councillors and members of the community were present. Christmas hampers and gifts were presented to adults and kids respectively within the community.
The charity organised various youth activities and worked well with other youth groups within the Borough.
FINANCIAL REVIEW
The charity reported a total income of £151,303 (2020: £262,955) and a net surplus of £3,787 (2020: £79,865) in the year to 31 March 2021, accumulated funds were £101,649 (2020: 97,862).
Reserves
Trustees have assessed the major risks to which the Charity is exposed, in particular those relating to the specific operational areas of the Charity and its finances. The Trustees believe that by monitoring reserve levels and by ensuring controls exist over key financial systems and examining the operational risks faced by the Charity, they have established effective systems to mitigate those risks.
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts.
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REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Report of the Trustees Continued For the year ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. RCCG Fruitfulland is a registered charity in England and Wales.
Decisions are determined by a simple majority vote by the Trustees who set the strategic direction of the Charity. Delegated authority is given to the Pastoral Board and Management Team for the day to day running of the operations of the Charity.
Recruitment and appointment of trustees
Trustees are selected on the basis of the contribution that they will make to the governance of the organisation and the skills that they will contribute. They are provided with copies of the Charity Commission's Guidance to Trustees and are also provided with training as and when required.
Fruitfulland is a parish of the Redeemed Christian Church of God - a network comprised of churches all over the world. There is an Agreement for Common Purposes entered into by Fruitfulland with the Redeemed Christian Church of God which documents this relationship.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Charity registration number 1126130 Principal address THE ANCHOR CIVIC SQUARE TILBURY RM18 8AD
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Paul Babatunde Ogedengbe Oluwole Obafemi Ogunleye Okiroro Scott Odeje Morakinyo Akinseli Caroline Adjerebe Independent examiner Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dartford DA1 1BX
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 26 January 2022 Morakinyo Akinseli
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REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Independent Examiners Report to the Trustees
For the year ended 31 March 2021
I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do 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.
Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dartford DA1 1BX
26 January 2022
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REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Statement of Financial Activities
For the year ended 31 March 2021
| Notes Restricted funds Unrestricted funds £ £ Income and endowments from: Donations and legacies 9,483 141,780 2 Investments - 40 3 Total 9,483 141,820 Expenditure on: Charitable activities ) (147,516 - 4/5 Total - ) (147,516 9,483 ) (5,696 Net income/expenditure Reconciliation of funds Total funds brought forward 35,462 62,400 Total funds carried forward 56,704 44,945 |
2021 £ 151,263 40 151,303 ) (147,516 ) (147,516 3,787 97,862 101,649 |
2020 £ 262,740 215 262,955 ) (183,090 ) (183,090 79,865 17,997 97,862 |
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REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Statement of Financial Position As at 31 March 2021
| 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 liabilities Net assets The funds of the charity Restricted income funds 14 Unrestricted income funds 14 Total funds |
£ 2021 - - 79,100 31,781 110,881 ) (9,232 101,649 101,649 101,649 44,945 56,704 101,649 |
£ 2020 3,879 3,879 79,100 18,463 97,563 ) (3,580 93,983 97,862 97,862 35,462 62,400 97,862 |
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|---|---|---|---|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Morakinyo Akinseli Trustee
26 January 2022
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REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Notes to the Financial Statements
For the year ended 31 March 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts.
Statement of cash flows
The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small.
Funds
Fund is mainly through voluntary donations of tithes and offerings by the church members and the government gift aid scheme.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.
Charitable activites
Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly attributed costs as well as support costs.
Allocation and appointment of costs
Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% per annum on cost Motor Vehicles 20% per annum on cost Fixtures and Fittings 20% per annum on cost
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REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Notes to the Financial Statements Continued For the year ended 31 March 2021
2. Income from donations and legacies
| Restricted funds Unrestricted funds £ £ Donations received 9,483 130,531 Grants received - 11,249 9,483 141,780 Analysis of grants received Church Revitalisation Trust (CRT) 3. Investment income Unrestricted funds Bank interest receivable 4. Costs of charitable activities by fund type Unrestricted funds Charitable activities Support costs 5. Costs of charitable activities by activity type Support costs Activities undertaken directly £ £ Support costs Charitable activities 40,977 106,539 |
2021 £ 140,014 11,249 151,263 2021 £ 11,249 11,249 2021 £ 40 40 2021 £ 106,539 40,977 147,516 2021 £ 147,516 |
2020 £ 262,740 - 262,740 - - 2020 £ 215 215 2020 £ 140,598 42,492 183,090 2020 £ 183,090 |
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REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Notes to the Financial Statements Continued
For the year ended 31 March 2021
6. Analysis of support costs
| Charitable activities Management Governance costs et income/(expenditure) for the year This is stated after charging/(crediting): Depreciation of owned fixed assets Accountancy fees Staff pension contributions taff costs and emoluments Total staff costs for the year ended 31 March 2021 were: Salaries and wages Pension costs Employees |
2021 £ 35,551 5,426 40,977 2021 £ 3,879 5,426 4,087 2021 £ 8,653 4,087 12,740 2021 1 1 |
2020 £ 38,484 4,008 42,492 2020 £ 4,280 3,710 3,893 2020 £ 10,227 3,893 14,120 2020 1 1 |
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7. Net income/(expenditure) for the year
8. Staff costs and emoluments
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REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Notes to the Financial Statements Continued For the year ended 31 March 2021
10. Comparative for the Statement of Financial Activities
| Restricted funds Unrestricted funds £ £ Income and endowments from: Donations and legacies 35,462 227,278 Investments - 215 Total 35,462 227,493 Expenditure on: Charitable activities ) (183,090 - Total - ) (183,090 35,462 44,403 Net income Reconciliation of funds Total funds brought forward - 17,997 Total funds carried forward 62,400 35,462 |
2020 £ 262,740 215 262,955 ) (183,090 ) (183,090 79,865 17,997 97,862 |
|---|---|
11. Tangible fixed assets
| Fixtures and Fittings Motor Vehicles Plant and Machinery Cost or valuation £ £ £ 61,186 19,398 39,627 At 01 April 2020 At 31 March 2021 39,627 19,398 61,186 Depreciation 61,186 15,519 39,627 At 01 April 2020 Charge for year - 3,879 - 61,186 19,398 39,627 At 31 March 2021 Net book values At 31 March 2021 At 31 March 2020 - - - 3,879 - - |
Total £ 120,211 120,211 116,332 3,879 120,211 - 3,879 |
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12. Debtors
Amounts due within one year:
Other debtors
| 2021 £ 79,100 79,100 |
2020 £ 79,100 79,100 |
|---|---|
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REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Notes to the Financial Statements Continued
For the year ended 31 March 2021
13. Creditors: amounts falling due within one year
| Accruals and deferred income | 2021 £ 9,232 9,232 |
2020 £ 3,580 3,580 |
|---|---|---|
14. Movement in funds
Unrestricted Funds
| Balance at 01/04/2020 r £ General 62,400 Unrestricted 62,400 Unrestricted Funds - Previous year Balance at 01/04/2019 r £ General 17,997 Unrestricted 17,997 |
Incoming esources r £ 141,820 141,820 Incoming esources r £ 227,493 227,493 |
Outgoing esources Balance at 31/03/2021 £ £ ) (147,516 56,704 ) (147,516 56,704 Outgoing esources Balance at 31/03/2020 £ £ ) (183,090 62,400 ) (183,090 62,400 |
|---|---|---|
Purpose of unrestricted Funds
Unrestricted
Unrestricted funds are those funds that can be spent at the discretion of the charity trustees for any purposes of the charity
Restricted Funds
| Balance at | Incoming | Balance at | |
|---|---|---|---|
| 01/04/2020 | resources | 31/03/2021 | |
| £ | £ | £ | |
| General - R | 35,462 | 9,483 | 44,945 |
| 35,462 | 9,483 | 44,945 |
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REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Notes to the Financial Statements Continued
For the year ended 31 March 2021
Restricted Funds - Previous year
| Balance at | Incoming | Balance at | |
|---|---|---|---|
| 01/04/2019 | resources | 31/03/2020 | |
| £ | £ | £ | |
| General - R | - | 35,462 | 35,462 |
| - | 35,462 | 35,462 | |
Purpose of restricted funds
General - R
Restricted funds are subject to specific conditions set out by donors as to how those funds may be used.
15. Analysis of net assets between funds
| Tangible fixed | Net current | Net Assets | |
|---|---|---|---|
| assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| Unrestricted | - | 56,704 | 56,704 |
| Restricted funds | |||
| General - R | - | 44,945 | 44,945 |
| - | 101,649 | 101,649 | |
| Previous year | |||
| Tangible fixed | Net current | Net Assets | |
| assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| Unrestricted | 3,879 | 58,521 | 62,400 |
| Restricted funds | |||
| General - R | - | 35,462 | 35,462 |
| 3,879 | 93,983 | 97,862 |
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REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND Detailed Statement of Financial Activities
For the year ended 31 March 2021
| INCOME AND ENDOWMENT Donations and legacies Tithes & Offerings Gift Aid Building Fund Grants Receivable Investments Bank Interest Receivable Total incoming resources EXPENDITURE Charitable activities Staff Costs - Wages & Salaries Staff Costs - Pension Contributions Central Office Conferences And Meetings Charitable Donations Equipment Hire Honorarium Manse Ministry Expenses Premises Cost Welfare SUPPORT COSTS Management Depreciation - Owned Assets Other Premises Costs Insurance Utilities Legal & Professional Fees Other Office Costs Repairs & Maintenance Bank Charges Governance costs Accountancy Fees Interest Payable Total resources expended Net Income |
£ 2021 130,531 - 9,483 11,249 151,263 40 40 151,303 ) (8,653 ) (4,087 ) (7,850 - ) (2,975 ) (1,799 ) (4,200 ) (16,900 ) (6,138 ) (42,166 ) (11,771 ) (106,539 ) (3,879 ) (2,687 ) (8,364 ) (4,464 ) (5,559 ) (5,579 ) (4,991 ) (28 ) (35,551 ) (5,426 - ) (5,426 ) (147,516 3,787 |
£ 2020 172,893 54,385 35,462 - 262,740 215 215 |
||
|---|---|---|---|---|
| 262,955 ) (10,227 ) (3,893 ) (8,550 ) (11,842 ) (4,705 ) (6,331 ) (6,650 ) (16,900 ) (13,421 ) (49,343 ) (8,736 ) (140,598 ) (4,280 ) (5,048 ) (7,935 ) (6,640 ) (4,608 ) (5,084 ) (4,889 - ) (38,484 ) (3,710 ) (298 ) (4,008 |
||||
| ) (183,090 79,865 |
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