## **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|||||| |-|||||| - - 840.00 - 1,177.20 40,430.69 320.00 4,468.00 - 1,588.23 - 125.73 - 4,933.99 500.00 - 446.25 - 8,250.70 8,250.70 - **8,250.70 64,450.81 64,450.81 17,461.40 17,461.40** - - # **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. 2. Provision of Special Events and Meetings to meet the specific needs of target g g gfii situations. 4. Working with other Christian agencies and Churches in Kent to advance the p 5. 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 - a. Ministering every week to the spiritual needs of the people through bible stud prayer meetings, counselling sessions and healing meetings. - b. Our focus as a ministry and church is the outreach for souls. ## **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. - The Obligations of Trustees - The Main documents which set out the operational framework for the charit Declaration of Trust. - Resourcing and the current financial position as set out in the latest publishe o Future plans and objectives. 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; - Make judgements and estimates that are reasonable and prudent - Prepare the financial statements on the on going basis unless it is inappropri that the charity will continue on that basis. 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** March 2021 Church of God, Park st in South pearing in d or sick and hat we eligion and t groups in preaching of the Gospel. nity le activities focus on s. dy, sitor or seeker in mind ocesses and gular congregants lack of financial y. and Gifts from ough and s and gifts received tional income. n charge of the ation of Trust the be re-elected at the y. n the basis of their nd commitment to the been members of the quired and es with the charity air of Trustees and ty including the ed accounts. rious Charity ntial Trustee" g with the governing anuel Sanctuary are ablished controls and ject to continual d manage the anctuary are exposed. oring of new licies and procedures rthermore a risk ach financial year t the balance sheet g income and Trustees should iate to presume disclose with ables them to ensure re also responsible for or the prevention and who served ## **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.||||