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2021-03-31-accounts

RCCG IMMANUEL SANCTUARY Trail Balance for year Ended 31 March 2021

Opening Balance Opening Balance HS
DR CR DR
FIXED ASSETS:
Music Equipment 10,434.00
Motor Vehicle 2,400.00
Acumulated Depreciation
Music Equipment 10,434.00
Motor Vehicle 2,400.00
Current Assets
Cash at Bank (3,166.16) 68,439.71
Debtors (loan to member)
Other Debtors 10,080.00
Current liabilities
Trade Creditor 4,365.04 2,452.44
Accrual (200.00)
BBL(Loan)
Non Current Liabilities
BBL
Capital & Reserve
General Funds 2,748.80

Income Tithe & Offerings Gift Aid HMRC JRS Grant Income(BBL Int) Expenditure Finace Cost (BBL int) Wages 8,110.32 Staff Training & welfare 1,250.00 Flight & travelling -

Motor expenses -
Entertaining -
WEM/COF 840.00
Books -
Telephone/ Internet 1,177.20
Rent 40,430.69
Equipment 320.00
Utilities 4,468.00
Honorarium -
Insurance 1,588.23
Printing and Stationery -
Sundry 125.73
Musicians -
Repairs and Maintenance 4,933.99
Accountancy Fees -
Conference and Anniversary -
Bank Charges 446.25
Depreciation
Net Surplus/Defcit
TOTAL
 19,747.84 19,747.84 134,582.56
-
0.00
BC Journals Cum TB Cum TB
CR DR CR DR CR
10,434.00 -
2,400.00 -
10,434.00 - -
2,400.00 -
66,142.85 (869.30)
10,080.00
- 1,912.60
500.00 300.00
1,157.40 1,157.40
12,500.00 1,157.40 11,342.60
- 2,748.80
47,839.71 47,839.71
- -
8,100.00 8,100.00
260.40 260.40
260.40 260.40
8,110.32
1,250.00
-
-
-
840.00
-
1,177.20
40,430.69
320.00
4,468.00
-
1,588.23
-
125.73
-
4,933.99
500.00 500.00
-
446.25
- -

134,582.56 14,751.80 14,751.80 73,661.51 73,661.51

0.00

Proft & Loss Balance Sheet Balance Sheet
DR CR DR CR
-
-
-
- -
(869.30)
10,080.00 9,210.70
1,912.60
300.00
1,157.40 3,370.00 5,840.70
11,342.60
- 2,748.80 14,091.40 5,840.70
47,839.71
-
8,100.00
260.40
260.40
8,110.32
1,250.00
-

THE REDEEMED CHRISTIAN CHURCH OF GOD IMMANUEL SANCTUARY

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

CHARITY NO:

1126369

THE REDEEMED CHRISTIAN CHURCH OF GOD, IMMANUEL SANCTUARY Financial Statements for the Year Ended 31 March 2021

Contents Page
Legal and Adminstrative Information 1
Report of the Trustees 2
Statement of Financial Activities 7
Balance Sheet 8
Notes forming part of the fnancial statements 9-14

THE REDEEMED CHRISTIAN CHURCH OF GOD, IMMANUEL SANCTUARY Financial Statements for the Year Ended 31 March 2021

The Trustees presents its report and financial statements for the year ended 31

Legal and Administrative information

Charity Name: The Redeemed Christain Immanuel Sanctuary Charity Registration Number: 1126369 Registered Office and Operational Address: Unit 3 Victoria Industrial Dartford Kent, DA1 5AJ

Trustees: Accountants:

Dr Adenike Akinmolayan Patience Ada Ehoche Bennett Nonso Molokwu

Bankers: HSBC Plc Dartford, Kent

THE REDEEMED CHRISTIAN CHURCH OF GOD, IMMANUEL SANCTUARY Report of the Trusteees for the Year Ended 31 March 2021

Our Aims and Objectives

Purpose and Aims

The objects of the charity are:

The company is a charity with a primary objective to reach the lost for Chri

a). To advance the christian faith in accordance with the statement of belief app

b). To relieve persons who are in conditions of need or hardship or who are aged

Ensuring Our Work Delivers Our Aims

We review our aims, objectives and activities each year. This review looks at wh

The Focus of Our Work

Our main objectives for the year continued to be the advance of the Christian re y y y y physical, spiritual and material needs of the congregants.

  1. Provision of Special Events and Meetings to meet the specific needs of target g g gfii

situations.

  1. Working with other Christian agencies and Churches in Kent to advance the p

  2. Provision of Pastoral Care for Congregants and other members of the commu

How Our Activities Deliver Public Benefit

Our main activities and who we try to help are described below. All our charitab the advancement of the Christian religion and the relief of poverty and sickness

Who used and benefited from our Services?

Our Church Services are presented with both the regular congregant and the vis We minister to the physical, mental and spiritual needs of the whole man in pro procedures of Christianity.

We have also helped relief poverty and hardship amongst both regular and irreg

who are suffering from a period of financial hardship due to unemployment and resources.

THE REDEEMED CHRISTIAN CHURCH OF GOD, IMMANUEL SANCTUARY Report of the Trusteees for the Year Ended 31 March 2021

Financial Review

The Charity has been hugely successful in raising a total income of £56,200 onl

Principal Funding Sources

The principal funding sources for the charity are currently by way of Donations a congregants through the offering basket passed during Church services and thr standing orders. We have exercised our right to reclaim the tax on the donation from the congregants and this has proved a steady and growing source of addit

Recruitment and Appointment of Trustees

The trustees who are also charity trustees for the purposes of charity law are in strategic direction of the charitable trust. Under the requirements of the Declara trustees are elected to serve for a period of three years after which they must b next Annual General Meeting.

All trustees give their time vouluntarily and receive no benefits from the charity

Due to the nature of Church work, trustees appointed have been so selected on faith, strength of Character, skills set in the area of management and growth, a vision of the charity.

Trustees Induction and Training

Most trustees are already familiar with the practical work of the charity having b Church for a number of years. Additionally new trustees would be invited as req encouraged to attend a series of short training sessions to familiarise themselve and the context within which it operates. These would be jointly led by the Cha the pastor in charge.

A Question & Answer pack would be prepared which draws information from var Commission publications signposted through the Commission's guide "the Esse as a follow up to these sessions. This will be distributed to all new trustees alon document and the latest financial statement

Risk Management

The Trustees have identified the major strategic risks to which The RCCG - Imma and established controls and actions to mitigate them. Each year, risk and esta

actions to mitigate them. Each year, risk assessment is carried out and are subj review and monitoring. The Trustees take all appropriate steps to moderate and

THE REDEEMED CHRISTIAN CHURCH OF GOD, IMMANUEL SANCTUARY Report of the Trusteees for the Year Ended 31 March 2021

inevitable operational risks to which staff and assets of The RCCG - Immanuel S Competence based training for Volunteers, employers liability insurance, monito legislative requirements are examples of steps taken. In particular there are pol for children and vulnerable adults protection and for health and safety risks. Fur register is to be established and update at least annually.

Responsibilities of the Trustees

Charity law requires the Trustees to prepare financial statements for ea which give a true and fair view of the state of affairs of the charitable trust as a date and of its incoming resources and applications of resources, including expenditure, for the financial year. In preparing those financial statements the T follow best practice and:

o Select suitable accounting policies and then apply them consistently;

The Trustees are responsible for maintaining proper accounting records which reasonable accuracy at any time the financial position of the charity and ena that the financial statements comply with Companies Act 2006. The Trustees ar safeguarding the assets of the Charity and hence for taking reasonable steps fo detection of fraud and other irregularities.

Members of the Board of Trustees

Members of the Board of Trustees, and trustees for the purpose of charity law, w during the year and up to the date of this report are set out on page 1.

This report has been prepared,

By order of trustees:

Dr Adenike Akinmolayan Chairperson Board of Trustee

18 03 2022

THE REDEEMED CHRISTIAN CHURCH OF GOD, IMMANUEL SANCTUARY Statement of Financial Activities (including Income and Expenditure Ac for the year ended 31 March 2021

Notes
Incoming resources
Incoming resources from generated funds:
Voluntary Income:
Tithes and Oferings
2
Donation for building
3
Total incoming resources
Cost of generating voluntary income
Cost of generating voluntary income
4
Charity activities
5
Governance Costs
6
Resources expended
Total resources expended
Net Incoming resources before other
recognised gains
Net movement in funds
Reconciliation of Funds
Total funds brought forward
Adjustment to reserve
Total funds carried forward		 Unrestricted
Restricted
Funds
Funds
£
£
56,200 -
-
56,200 -
62,791
-
1,160
-
500
-
64,451
-
- 8,251
-
- 8,251
-
2,749
-
-339
-5,841 -

The statement of financial activities includes all gains and losses in the year. All and resources expended derive from continuing activities.

The notes on Pages 9 to 14 form part of these Accounts.

THE REDEEMED CHRISTIAN CHURCH OF GOD, IMMANUEL SANCTUARY Balance Sheet as at 31 March 2021

Notes
Fixed assets
Tangible assets
10
Currents assets
Cash at bank and in hand
Debtors
Creditors: amounts falling due
within one year
11
Net Current Assets
Net Assets
Unrestricted funds
General funds
14
Total funds		 £
2021
0
(869)
10,080
9,211
3,370
5,841
5,841
5,841
5,841

For the year ending 31 March 2021 the company was entitled to exemption from 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

The members have not required the company to obtain an audit of its accounts question in accordance with section 476,

The directors acknowledge their responsibilities for complying with the requirem respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicab subject to the small companies’ regime.

The Financial Statements were approved by the board on the 18th February 201 behalf by:

Dr Adenike Akinmolayan Chairperson

THE REDEEMED CHRISTIAN CHURCH OF GOD, IMMANUEL SANCTUARY Notes forming part of the financial statements for the year ended 31 M

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policie consistently throughout the year and in the preceding year.

(a) Basis of Accounting

The financial statements have been prepared under the historical cost conventi inclusion of fixed assets investments at market value, and in accordance with th 2006 and the Statement of Recommended Practice: Accounting and Reportingb March 2005.

(b) Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furth objectives of the charity. Unrestricted funds may include a revaluation reserve r restatement of investment assets at market values where applicable. Designate unrestricted funds earmarked by the Trustees for particular purposes. Restricted to restrictions on their expenditure imposed by the donor or through the terms

(c ) Incoming Resources

All incoming resources are included in the statement of financial activities when to the income and the amount can be quantified with reasonable accuracy. The policies are applied to particular categories of income: Voluntary income is rece donations and gifts and is included in full in the Statement of Financial Activities Grants, where entitlement is not conditional on the delivery of a specific perf charity, are recognised when the charity becomes unconditionally entitled to th

Donated services and facilities are included at the value to the charity where th The value of services provided by volunteers has not been included in these acc

(d) Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expendit which cannot be fully recovered, and is reported as part of the expenditure to w Costs of generating funds comprise the costs associated with attracting volunta Charitable expenditure comprises those costs incurred by the charity in the deli and services for its beneficiaries. It includes both costs that can be allocated dir

(e) Fixed Assets

Fixed assets (excluding investments) are stated at cost less accumulated depr minor additions or those costing below £100 are not capitalised.

Depreciation shall be charged at rates calculated to write off the cost of each as useful life, which in this case is not applicable as the charity have no asset yet.

THE REDEEMED CHRISTIAN CHURCH OF GOD, IMMANUEL SANCTUARY Notes forming part of the financial statements for the year ended 31 M

2. Donations UnrestrictedRestricted UnrestrictedRestricted
£ £
Donations -Tithes and Ofering 47,840
 -
Gift Aids -
HMRC JRS 8,100
Grant Income (BBL Int) 260
56,200 -

Total Resources Expended

4. Costs of Generating Voluntary Income

Basis of Allocation
Bank Charges
Direct
Administration
Direct
Support Costs(BBL)
Direct
Premises
Direct
5. Charitable Activities
Ministry
Direct
Total Resources Expended		 £ £
£
446
17,185.47
260
44,899
Church
Work
Support
Cost
Governan
ce
62,084 260 446
1,160 - -
1,160- -
63,244 260 446

7. Net Incoming Resources for the Year

This is stated after charging:

Depreciation

8. Trustee Remuneration & Related Pay Transactions

No member of the Board of Trustees received any remuneration during the yea

9. Taxation

As a charity, The RCCG - Immanuel Sanctuary is exempt from tax on income and Section 505 of the Taxes Act 1988 or S256 of the Taxation of Chargeable Gains A that these are applied to its charitable objects. No tax charges have risen in the

THE REDEEMED CHRISTIAN CHURCH OF GOD, IMMANUEL SANCTUARY Notes forming part of the financial statements for the year ended 31 M

10. Tangible Fixed Assets

Ofce Music Motor
**Equipment ** Equipment Vehicle
£ £ £
COST
Bal at 01/04/2020 - -
Additions in period - - -
Bal at 31/03/2021 - - -
DEPRECIATION
Bal at 01/04/2020
Charge in period
Bal at 31/03/2021 - - 0
NET BOOK VALUE
Bal at 31/03/2021 - - -

11. Creditors: Amount falling due within one year

Trade Creditors Accountancy Fees

BBL Loan

12. Analysis of Net Assets Between Funds

Tangible Fixed Assets
Current Assets
Current Liabilities
Net Assets at 31 March 2021		 £
£
£
- - -
9,211 - -
(3,370) - -
General
Fund
Designated
Fund
Restricte
d Funds
5,841 - -

THE REDEEMED CHRISTIAN CHURCH OF GOD, IMMANUEL SANCTUARY Notes forming part of the financial statements for the year ended 31 M

Bal as at Incoming Outgoing 01/03/202 Resources Resource 0 (Inc Gains) s 13. Movements in Funds £ £ £ Unrestricted Funds: General Funds 2,749 56,200 64451 Adjustment Total Unrestricted Funds 2,749 56,200 64,451 Total Funds 2,749 56,200 64,451 749 56,200 64,451 200 64,451 451

2,749 56,200 64,451

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disclose with ables them to ensure re also responsible for or the prevention and

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ccount)

2021 2020
Total Total
Funds Funds
£ £
56,200 52,803
- -
56,200 52,803
62,791 56,248
1,160 3,040
500 500
64,451 59,788
- 8,251 (6,985)
- 8,251 (6,985)
2,749 9,734
-339
**-5,841 ** 2,749

l incoming resources

£ 2020 0

(3,166) 10,080 6,914

4,165.00

2,749

2,749

10,940

10,940

m audit under section

for the year in

ments of the Act with

le to companies

16 and signed on its

March 2021

s have been applied

on, as modified by the he Companies Act by Charities issued in

erance of the general representing the ed funds are d funds are subjected of an appeal.

n the charity is entitled following specific eived by way of grants, s when receiveable. formance by the e grant.

his can be quantified. counts.

ure includes any VAT which it relates: ary income. ivery of its activities rectly.

reciation. The costs of

sset over its expected

March 2021

2021 2020
Total Total
£ £
47,840 44,467
- 8,336
8,100 -
260 -
56,200 52,803
2021 2020
£ £
446 457
17,185 20,359
260 1,893
44,899 33,539
62,791 56,248
1,160 3,040
1,160 3,040
63,951 59,288
2021 2020
£ £
- 1,548
- 1,548

ar.

d gains falling within Act 1992 to the extent e Charity.

March 2021

Furniture Total
& Fitting
£ £
0
- -
- 0
0
0
- 0
- -
2021 2020
£ £
1912.6 4365.04
300 -200
1,157 0
3,370 4,165
As at 31 As at 31
March March
2021 2020
£ £
- 0
9,211 6,914
(3,370) (4165)
5,841 2,749

March 2021

As at 31 As at 31
March March
2021 2020
£ £
- 5,502 2,749
- 339
- 5,841 2,749
- 5,841 2,749
JOURNALS
DR CR
1. Dr Cash at Bank 12,500.00
Cr Non current Liabilites( BBL) 12,500.00
Being BBL received during the year
2. Dr Non Current Liabilities (BBL) 1,157.40
Current Liabilites (BBL) 1,157.40
Being aount of loan falling due within one year
3. Dr Accountancy fees 500.00
Cr Accruals 500.00
Being Accountancy fees accrued for the year
4. Dr Finance Cost (BBL) 260.40
Cr Grant Income (BBL) 260.40
Being interest paid on the BBL in the fnancial year by the government.