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2021-12-31-accounts

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

CHARITY REGISTRATION NUMBER: 1126614

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

CONTENTS PAGE
LEGAL AND ADMINISTRATIVE INFORMATION 1
REPORT OF THE TRUSTEES 2-4
REPORT OF THE INDEPENDENT EXAMINERS 5
STATEMENT OF FINANCIAL ACTIVITIES 6
STATEMENT OF FINANCIAL POSITION 7
NOTES TO THE ACCOUNTS 8-10
INCOME AND EXPENDITURE 11

1

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2021

Charity Registration Number 1126614

Registered Office

90c North Hill Drive Romford Essex RM3 9AG

Trustees Mr. M Adeyinka (Chair) Mrs. M Chujor (resigned 31.03.2021) Mr. F Merotohun (Secretary) Mr. T Ekundayo

Accountants Allen Robyn & Associates Ltd Chartered Certified Accountants 367 Caledonian Road London N7 9DQ

2

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021

The Trustees present their report with the financial statements of the charity for the year ended 31st December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document

The charity is controlled by its governing document, a deed of trust dated 12th August 2008, amended by special resolution in October 2008. It became a registered charity 1126614 on 11th November 2008.

The management of the church is the responsibility of the trustees who are elected and co-opted under the terms and conditions of the trust deeds.

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

OBJECTIVES AND ACTIVITIES

The Charity's Objects are:

  1. To seek the advancement of the Christian religion in accordance with the teachings of the Redeemed Christian Church of God, and to educate people in the Word of God.

  2. To teach the knowledge of Jesus Christ all over London Borough of Havering and beyond. In addition, to help in the relief of poverty in all parts of the world: directly to our immediate members, their families, members of the local, national and International community as occasion would demand, in cash and in kind.

Activities for Achieving Objectives

The main activities of the church are as follows:

• Sunday service

Activities for achieving objectives ( Cont'd)

3

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021

Grant Making Policies

Under the Common Purposes Agreement (see above) Eagles Christian Connections has agreed to make an annual contribution to RCCG (UK). In addition, the church supports missionary organisations such as the World Evangelism Mission. The church also provides support to members of the congregation (at the discretion of the trustees) who are in need.

Volunteers

We take this opportunity to thank all our volunteers who work so diligently, committing time and energy as well as other resources financial or otherwise to make our church relevant in the community.

ACTIVITIES FOR THE YEAR

During the course of the year we held the following services and activities

  1. Mothers' Day Celebration 14th June 2021 2. Children's Week 10th -16th May 2021

  2. Father's day Celebrations 20th June 2021 4. ECC Biannnual General Meeting 18th July 2021

  3. Ladies Retreat 30th October 2021 6. Praise Harvest 4th December 2021

  4. Christmas Service 25th December 2021 8. Children Services 2nd & 4th December 2021

THE SOARING WOMEN CONFERENCE - 10-11 July 2021

The conference continued to empower our women during the time of crisis cause by COVID-19. It encouraged women of the church and society to rise up and assist their families to meet challenges. It provided a fantastic opportunity for our women to gather and explore various topics and hear from our range of speakers, who are stalwarts in their areas of expertise. The women learned first-hand from the real experiences and challenges they as they seek to live for Christ and share the gospel in a wide range of cultures and contexts throughout the world.

YOUTH / YOUNG PEOPLE WEEK : 19th - 25th July 2021

The conference was intended for young people, challenging them to take hold of the opportunity to show that they take their faith seriously and live their happiest lives. It also allowed them to meet other young people who hold similar belief, from different churches across the UK and beyond. Many newcomers found a friendly welcoming group and felt quickly at home. The program included interactive online, wholistic worship and discussions which gave them a chance to voice their opinions on issues relevant to them and our times.

EAGLE CHRISTAIN CONVENTION AND ANIVERSARY: 17th - 19th September 2021

Our annual convention this year also included our anniversary celebration. This year continues to see the church regeneration from COVID, and we continued to be blessed by our non-stop prayers, ministries and praises sent up to God. The conference was attended by many church leaders and faithful who joined us in praying for the work of God and the Nation.

CHILDREN WEEK: 10th-16th May 2021

Our children's week was celebrated during the month of May. It included a diverse range of events and activities which focused attention on the children of the church and the wider community, their needs and achievements. We serve the children in our communities and prayed for voiceless, underprivileged, and hurting children throughout the world.

FINANCIAL PERFORMANCE

The charity's financial statement for the year ended 31st December 2021 shows Income of £77,839 (2020: £57,867). Expenditure £37,903 (2020: £26,515) and the church made a net surplus in funds of £39,936 (2020: £31,352) . Unrestricted reserves at 31st December 2021 is £72,725 (2020: £32,789).

4

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing their Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:

presume the Charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence, for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD:

............................................. F Merotohun (Secretary) Date: 18/07/2022

5

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS REPORT OF THE INDEPENDENT EXAMINERS FOR THE YEAR ENDED 31ST DECEMBER 2021

I report to the trustees on my examination of the accounts for the year ended 31st December 2021.

Responsibilities and Basis of Report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.

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 examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below) in connection with the examination which gives me cause to believe that in, any material respect:

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.

Rolston Allen FCCA

Allen Robyn & Associates Ltd Chartered Certified Accountants 367 Caledonian Road London N7 9DQ

Date: 19/07/2022

6

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021

INCOMING RESOURCES
Notes
Unrestricted
Incoming resources from generated funds
Voluntary Income
2
77,839
Investment Income
2
-
77,839
RESOURCES EXPENDED
Charitable Activities
3
23,001
Governance Costs
4
1,380
Management Costs
5
13,320
Finance Charges
6
202
TOTAL RESOURCES EXPENDED
37,903
NET INCOME/EXPENDITURE FOR THE YEAR
39,936
RECONCILIATION OF FUNDS
Total funds brought forward
32,789
TOTAL FUND CARRIED FORWARD
£72,725		 INCOMING RESOURCES
Notes
Unrestricted
Incoming resources from generated funds
Voluntary Income
2
77,839
Investment Income
2
-
77,839
RESOURCES EXPENDED
Charitable Activities
3
23,001
Governance Costs
4
1,380
Management Costs
5
13,320
Finance Charges
6
202
TOTAL RESOURCES EXPENDED
37,903
NET INCOME/EXPENDITURE FOR THE YEAR
39,936
RECONCILIATION OF FUNDS
Total funds brought forward
32,789
TOTAL FUND CARRIED FORWARD
£72,725		 INCOMING RESOURCES
Notes
Unrestricted
Incoming resources from generated funds
Voluntary Income
2
77,839
Investment Income
2
-
77,839
RESOURCES EXPENDED
Charitable Activities
3
23,001
Governance Costs
4
1,380
Management Costs
5
13,320
Finance Charges
6
202
TOTAL RESOURCES EXPENDED
37,903
NET INCOME/EXPENDITURE FOR THE YEAR
39,936
RECONCILIATION OF FUNDS
Total funds brought forward
32,789
TOTAL FUND CARRIED FORWARD
£72,725		 2021
77,839
-
77,839
23,001
1,380
13,320
202
37,903
39,936		 2020
57,867
-
57,867		 2020
57,867
-
57,867
20,531
1,260
4,724
-
26,515
31,352
32,789 32,789 1,437
£72,725 £72,725
£32,789

None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2021 or 2020 other than those included in the statement of financial activities.

The notes on pages 8 to 10 form part of these accounts.

7

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31ST DECEMBER 2021

Unrestricted Restated
Notes 2021 2020
FIXED ASSETS
Tangible assets 8 8,367 10,500
CURRENT ASSETS
Cash at bank and in hand 65,318 23,249
NET CURRENT ASSETS 65,318 £23,249
CREDITORS
Amounts falling due within one year 9 (960) (960)
TOTAL ASSETS LESS CURRENT LIABILITIES 72,725 32,789
NET ASSETS £72,725 £32,789
FUNDS:
Unrestricted Funds 10 72,725 32,789
TOTAL FUNDS £72,725
£32,789
~~a~~
The financial statements were approved by the Board of Trustees on ……...………..and were signed on
its behalf by:

……………………………………. F Merotohun (Secretary) Date: 18/07/2022

The notes on pages 8 to 10 form part of these accounts.

8

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of Preparing the Financial Statements

The financial statements have been prepared under historical cost convention and in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005) issued in March 2005 and applicable accounting policies adopted in the preparation of the financial statements are as follows:

Accounting Convention

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Financial Reporting Standard Number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the charity qualifies as a small charity.

Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Tithes & Offerings

Income from tithes and offerings, is included in incoming resources when these are receivable

Investment Income

Investment income consists of net interest received during the year and accounted for as unrestricted funds.

Resources Expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable Activities

Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs.

Governance Costs

Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost.

Tangible Fixed Assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment and Furniture - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund Accounting

Unrestricted funds is used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

9

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

2. VOLULTARY INCOME
Tithes and offerings
Gift aid
Building fund
Other income
Total incoming resources

3. CHARITABLE ACTIVITIES
Rent and premises cost
Evangelism and special events
Ministry & music expenses
Equipment and computer peripherals
Honorarium
Hospitality
Travel and subsistence
Central expenses
Books and journals
Welfare
Youth ministry
Subscriptions
Legal and professional fees
4. GOVERNANCE COSTS
Accountancy Fees
5. SUPPORT COSTS: MANAGEMENT
Insurance
Light and heat
Telephone and internet
Printing, Postage and stationery
Repairs, maintenance and cleaning
Depreciation

6. FINANCE CHARGES
Bank Charges		 2021
48,160
7,536
1,500
20,643
£77,839
2021
-
949
8,295
237
519
4,618
-
250
100
-
-
53
7,981
23,002
2021
1,380
£1,380
2021
265
171
95
-
10,000
2,789
£13,320
2021
£202		 2020
38,707
9,723
3,477
5,960
£57,867		 2020
38,707
9,723
3,477
5,960
£57,867
2
£
£		 2020
5,410
3,044
9,442
-
1,300
-
-
1,050
205
30
50
-
-
0,531
2020
1,260
1,260
2020
261
-
689
274
-
3,500
4,724
2020
-

10

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2021

7. STAFF COSTS AND TRUSSTEES EXPENSES

Trustees' expenses

There were no trustees expenses paid for the year ended 31st December 2021 nor for the year ended 2020.

Wages and Salaries
The average number of employees analysed by function :
No employee received remuneration of more than £60,000.
8. FIXED ASSETS
COST
Opening and
Additions
Closing balance
DEPRECIATION
Opening Balance
Charge for the year
Closing balance
NET BOOK VALUE
As at 31st December 2021
As at 31st December 2020
9. CREDITORS : Amounts falling within after one year
Trade Creditors
10. MOVEMENTS IN FUNDS
Incoming
Resources
Unrestricted Funds
General Fund
£77,839
General fund for the year
General fund brought forward
Total funds		 2021
Nil
0
Equipment
and Furniture
14,000
656
14,656
3,500
2,789
6,289
£8,367
£10,500
2021
£960
Resources
Expended
£37,903
2021
39,936
£32,789
£72,725		 2021
Nil
0
Equipment
and Furniture
14,000
656
14,656
3,500
2,789
6,289
£8,367
£10,500
2021
£960
Resources
Expended
£37,903
2021
39,936
£32,789
£72,725		 2021
Nil
0
Equipment
and Furniture
14,000
656
14,656
3,500
2,789
6,289
£8,367
£10,500
2021
£960
Resources
Expended
£37,903
2021
39,936
£32,789
£72,725		 2020
Nil
0
Total
14,000
-
14,000
3,500
2,789
6,289
£8,367
£10,500
2020
£960
Movement in
Funds
£39,936
2020
31,352
£1,437
£32,789

11

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS INCOME AND EXPENDITURE FOR THE YEAR ENDED 31ST DECEMBER 2021

Incoming Resources:
Voluntary income:
Tithes and offerings
Gift aid
Building fund
Other income
Total incoming resources
RESOURCES EXPENDED:
Cost of generating voluntary income
CHARITABLE ACTIVITIES
Rent and premises cost
Evangelism and special events
Ministry & music expenses
Equipment and computer peripherals
Honorarium
Hospitality
Travel and subsistence
Central expenses
Books and journals
Welfare
Youth ministry
Subscriptions
Legal and professional fees
GOVERNANCE COSTS
Accountancy Fees
MANAGEMENT COSTS
Insurance
Light and heat
Telephone and internet
Printing, postage and stationery
Repairs, maintenance and cleaning
Depreciation
FINANCE CHARGES
Bank Charges
Total resources expended
Net expenditure		 2021
£

48,160
7,536
1,500
20,643
£77,839

-
949
8,295
237
519
4,618
-
250
100
-
-
53
7,981
£23,002

1,380
£1,380
265
171
95
-
10,000
2,789
£13,320
£202
37,903
£39,936
 2020
£
38,707
9,723
3,477
5,960
£57,867		 2020
£
38,707
9,723
3,477
5,960
£57,867
5,410
3,044
9,442
-
1,300
-
-
1,050
205
30
50
-
-
£20,531
1,260
£1,260
261
-
689
274
-
3,500
£4,724
-
26,515		 1,260

£31,352