THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF PRAISE Charity Reg. No 1127435 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2021 RCCG-City ofPmise. Manchester. RepoTtsfvr theyear ended30June. 2021
THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) crry OF PRAISE CONTENTS Page Reference and Administrative Details of the Charity Trustees, Report Independent Examinerfs Report Statement of Financial Actlvitles Balance Sheet Notes to the Financial Ststements 11>12 RCCG-City ofPraise. Manchescer. Reportsfvr theyear ended 30 June. 2021
THE REDEEMED CHRisfiAN CHURCH OF GOD (RCCG) crry OF PRAISE REFERENCEANDADMINISTRA TIVEDETA115 OFTHE CHARITY. IT5 TRUSTEES ANDADVISERS FOR THE YEAR ENDING 30JUNE, 2021 GENERAL OVERSEER Trustees Pastor Rufus Alzeboje Pastor Oladipo La1 Asslstant Pastor Adebayo Olablsl Charlty Reglstration Number 1127435 Prlnclpal Offlce St Paufs Peel Communlty Hall Manchester Road West Llttle Hulton Manchester (Correspondences to: 20 Wallbrook Cre$Trt, Uttle Hulton, Manches*r, M38 9EEI. Pastorln charye Independent Examlner Aklntayo Ojo FCCA 46 HOll00d Way Effth, DA8 2QE Bankers NATWEST Bank 8ARCLAYS Bank 121 Market Street Famworth l Market stree( Bolton BL4 8EY. BLI IBU. RCCG-city ofPraise. Monchester.. Reportsfvr theyearended30June, 2021
THE REDEEMED CHRISllAN CHURCH OF GOD (RCCG) crry OF PRAISE TRUSTEES, REPORTFOR THE YEAR ENDED 30JUNE 2021 The Trustee5 submit their annual report and the Financial Staternents of the Redeemed Chrlstian Church Of God IRCCGI CITY OF PRAISE (The charity} for the Year ended 30 June 2021. The Trustees confirm that the Annual Report and the Hnandal Statements of the Charity comply with the current statutory requlrements of the Charivs governi dtxuments and the pn)visions of the Statement of Recommended Practice ISORPI "Accounting and Reportln8 by Charltles"1ssued In March 25 The charity also trades under the name ciri OF PIiAISE STATUS: The Charlty was constltuted under • Trust Deed dated i# July 2(X)8 and Is registered in England and Wales with Charlty number 1127435. APPOINTMENT OR ELEcnoN OF TRUSTEES: Trustees are elerted and or appointed under the tem5 of the Tnjst Deed. pouaES ADOPTED FOR THE INDuclloN ANO TrAINING OF NEWTRUSTEES: The Inductlon process for a newly appointed member of the Board of TnteeS comprlses an initial meeting With the Chair and other Tnjstees. followed by Short meet15 with the Pastor In dHr8e on the powers and responsibSlltles of the Trustees. ORGANISATIONAL STRUCTURE AND DEaON M6. The Charity is organised so that the Trustees meet regularly to manage its affalr& The Parfsh pastor manages the day to day administration of the Charity. RELATED PARTY RELATIONSHI. RCC6 (aTYOFPItAISEJ Is a Parfsh of the Redeemed Chflstlan Church Of God (which has parishes all over the worldl. The parlsh's latIonshIP with other parishes Is governed by an "A8reement of Common Purpose< RISK MANAGEMENT ANO COVID-19 RESPONSE: The Trustees have assessed the mapr risks to which the charlty is exposed. In particular those related to operations and flnances of the Charfty, and are satisfied the gistems are in place to mitigate our exposures to the major rlsks. cov119 globa5 pandemic exposed the world to some exceptional risks. RCCG of Praise was r0 exception. Interruptlons to the Charivs artivities and the financial impacts of the pandemlc on members of our communlty were rVer envlsa8ed. Wlth the success of C0VIL19 Vacclnatlon programme in the UK, we expect that the Charltys activities will return to normal with some dynamlc Improvements. OBJEcfs AND AcfMTIES: The princlpal object is the advancement of the Chrlstlan falth worldwide nd the rellef of poverty. To promote any charitable artlvity for the benefft of the local people. To achleve Its objertives, the Church adopted the followiryg strategies: RUnn1r semlnars in the thurth 7Mth prIn ministers ofthe faith tO8ulde M)berS In the varlous asperts of Chrtstlan falth supr forthe chartiles and Chrlstian vlerrts. ProvidiNd (Nerseas d and famlne rellef. arbd Involylng in E¢Mc*mk and Ccrtnmunlty De¥elorKixrt RCCG-City ofPraise Manchester Reportsfvr theyear ended 30 June, 2021
THE REDEEMED CHRIsfiAN CHURCH OF GOD (RCCG) crry OF PRAISE TRUSTEES'REPORficoNTINUEDJFOR THE YEAR ENDED30JUNE2021 The activities for athVrE bts objectives indude: Community outreach events conferen and events Welfare support to members and genernl publ14 and Various mlsslonary activitles GRANT MAKING POUCY: Th• Churth supports visltlng ministers of the gospel both wlthln and outslde the Unlted Klngdom. Support is a150 given to RCCG Central Office, World EvanBelism Mlsslon, Festival of Life and other RCCG pro8ramme& The Church supwrts Other tharitles and missionary that shares Its objects In advancement of Christian faith and lief of poverty, The Church also give occasional grants to congregatlonal members who are In need. VOLUNTEERS: The Church Is Brateful to the unfllnchlng efforts of Its volunteer5 who are involved in provlding serwce5 ft>r the Charity. It is estlmated that over 1,820 hours are provlded by volunteers durlng the year. If thls Ss conservatively Valued at £9. per hour. the volunteerfs efft)rt wlll amount to £16,380. REVIEW OF AcnvmES: The Churth contlnue to enjoy tremendous 8rowth In Its PhysScal and Splrltual Ilfe during the year, and In the advancementof Christian falth in accordance wlth the doctrlnes set out In the Ststement of Falth as contalned In our Trust Deed. Followin8 the cov119 Imposed lockdown In mld-march, 2021. the Church ha5 been conduct1 Its •ciMtles vlrtually. We strongly believe that the rapld spOnse of the Church to ensure continuous touch wlth the Cornmunlty through the WORD and essential food supplles has pald off signthcantly. We have invested into Broadcastln8 Equlpment and Techno108y as well as other Safety materials to achieve thls. INVESTMENT POUCY: Tht trustees have decided that at PSenl funds should be retslned In Banks and Bulldln8 Socletles and as far as possible in Interest bearir% accounts. PRINapAL FUNDING: Fundlng hès been provlded malnly thro Tlthes and Offerin8s by Church members and through Glft Akl. Donatlons are also ac¢epted for specSal pro8ramme5 and projects. During the year. the Charlty received a totsl of £10,808 in extemal funding. £IO.(XKJ from Salford aty Coundl to support our CommunltyRe¥lve ProJecL and £8(W from HMRC under its Corona Virus Job Retention Scheme. FUTURE DEVELOPMENT: The Charity continues to explore various ways of spreading the gospel of Christ an effective manner. The Charity 15 also looki to grow in memberthip and continue to develop its members to make life-chan8ir¥ impact in society. RCCG-City ofPrGtse Manchester Reportsfor theyeor ended30 Jun4 2021
THE REDEEMED CHRisfiAN CHURCH OF GOD (RCCG) crry OF PRAISE TRUSTEES. REPORT(CONnNUED) FOR THE YEAR ENDED 30JUNE2021 srATEMENTS OF TRUSTEES. RESPOPISIBiimES The Trustees are responsible for preparfn8 the Annual Rew)rt and Finanaal Ststements in ac¢ordance wlth applicable laws and re8uSations. Charlty law requlres the trustees to prepare Hnandal Statements for each Flnanclal Year. Under that law the trustees have elerted to prepare the Flnanoal Ststements In accordance wlth the Unlted Klngdom generally accepted accounting prnCtI (United KSnBdom Accountln8 Stsndards and appllcable law). The Financial Statements are requId to 8Sve a true and falrview of the state of affairs of the charlty for that perlod. In preparin8 these financlal ststements, the tntee$ are required to.. Select suitsble accountln8 policles and then apply them con5iStently: Make Jud8ement and estimates that are reasonable and prudent: Prepare the flnancial ststements on the goln8 concern basls unless It Is Inapproprfate lo presume that the company will continue in operatlon. The trustees recognise their responsibllitle5 to keep proper accountln8 records that dlsclose wlth reasonable accuracy at any tlme the finandal posltlon of the Charity and enable them to ensure that the Flnancial Ststements comply wlth the Charltles Act 2011. They are also responslble for safeguardlrg the assets of the Charfty and hence taking reasoble steps for the preventlon and detettlon of fraud and other Irre8ularftle The appended Flnandal Ststements have been prepared on the Accruals basls and have been examined by an independent Exarniner, whose report is also appended. Approved by the Trustees on and slgned on thelr behalf bv: Pastor Rufvs AlzeboJ• Trustee RCCG-City ofPratse. Manchester.. Reportsfvr theyear ended30 June, 2021
THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCG) CtTY OF PRAISE INDEPENOENT EXAMINER'S REPORT FOR YEAR ENDED 30 JUNE 2021 TO THE TRUSfEES OF THE REDEEMED CHRisfiA14 CHURCH OF GOO IRCCG) CTfY OF PRAISE report on the accounts of the Charity for the Year ended 30 June 2021 which 15 set out on pages 8-12 RESPEcllvE RESPONSIBiunES OFThE ThUSTEES ANDTHE EXAMINER The Charl$ Trustees are responslble forthe preparation of the accounts. The Charl5 Trustees conslder that an audit is not required for thbs year under Sectlon 14511) of the Charltles Act 2011 and that an Independent examSnation is needed. It Is my responslblllty to: Examine the accountslunder section 145111 lal of the 2011 Aci- Follow the Procedures laid down In the general d1ctIonS aeft by the Charlty Commissioners and State whether particular matters have come to my attention. BASIS OF EXAMINEfS sfATEMEP My examlnatlon was carried out in accordante with the general dlrections given by the Charity Commissioners. An examinatlon include5 a revitw of thèattountlng records kept bythe charfty and a comparlson of thè attounts presènted with those records. It also includes consideratson of any unusual items or dlselosures In the accounts. and seeklng explanatlons from you as trustees conwnln8 any such matters. The procedures undertaken do not provlde all the that would be requlred In an audlL and consequently I do not express an audlt oplnlon on the vlew glven by the accounts. EXAMINE$ ATEMÉNT In eonnettion wlth myexamlnatlon, no matter has cometo my attentHin to give me reasonablecause to belleve that In any matedal re5pert the requirements. To keep accountlng fecords In accordance wlth the requlrement of Sectlon 130 of the Chorltie5 Act 2011: and To prepare accounts which aCd with the accountinA records and to comply with the Attountin8 requlrements of the Charlties act 2011 have not been met: or to which, in my oplnlon, attention should be drawn in order to enable a proper understanding of the accounts to be reached. SIGNED Akintsyo Ojo FCCA 46 Hollywood Way Erith DA8 2QE DATE: 2ft4 D£è¥ lQ>l RCCG-CityofPraise Manch&tter.' Reportsfor the Year ended30 June Z021
The Redeemed Christian Church of God City of Praise Statement of Financil Activities for the year ended 30th June, 2021 InmIng Resources: Voluntsry tkjnations Gift Ald Received Other Fundin8 and Rebate Interest 65,598 23.385 13,591 18 76.218 23,298 7.079 Iixi 3a 3b Totsl 101592 106,695 Resource5 Expended Charitsble £xpenditure Grants Payable-lnstltutlonal Cost of ActivltSes in furtherance of Charftys objects Governance Costs Total Resources Expended 7,447 26.867 44.113 78.427 10.939 43.996 43,3Tr3 98.244 Net Incomlng/{Outgolng} Resouros Total Funds at the Be8lnnin8 of the Year Balance at tho end ol the Y•ar 24,165 98,195 122.360 8,451 89,744 98,195 RCCG City of Praise, Manthester. Reports forthe year ended 30th June, 2021
The Redeemed Christian Church of God City of Praise Balance Sheet as at 30th June, 2021 Nots$ 2021 Mxed Assets: Tanglble Assets 20.865 11,939 Current Assets: Bank and Cash Balances Other Recelvable5 Total Assets 80.835 24.184 75,528 14,183 101,650 Llablllties: Amont Due wlthln l Year io 3,524 3,455 Nèt Assets 121360 98,195 Charlty Funds". General Unrestrlcted 122.360 98.195 Tot•1 Funds 98,195 The Accounts have been prepared In accordance wfth speclal provlsion of Statement of Recommended Practice: Accounting and reportlng by Chritles {SORP} Issued in Marth 2007 as modifled for smaller Charltles Approved by the Trustees on.. and Slgned on their behalf by. IIL)o Pastor Rufus Alzeboje RCCG city of Prnlse, Manchester. Reports for the year ended 30th June. 2021
The Redeemed Christian Church of God City of Praise Notes to the Accounts forthe year ended 30th June. 2021 Note I countlng Polldes The Accounts have been preparedunder the Hlstorlcal Cost Convention in accordance with applicable Accounting Standards. They follow Best Prartices as stated out in the ststement of Recommended Practice: Accountin8 and Reporting by Charitie5 ISORP) issued in March, 21x17 as modified for small Charitles. b) Income Is accounted for on Artual Recelpt Basis while Expendltures are recorded on Accrual Basis. We recognise Glft Alds due from HMRC based on the Cd5b[lotY of the sour. cl Fixed Assets: Comprlse of Motor Vehldes. MY¢31 Equlpmen( Offlce Equlpment and Furnlture Items, aNI are stated at Cost Less Depreclatlon dl Depreclation is provlded at rates cakulted to write off the cosl of the assets {le5s experted disposal value) over experted useful Ilves. The followln8 rntes appty: Motor Vehicles- Computer and Office Equlprnent.. Muslcal Eoulpment Funlture & Flttin8S -25% -25% -25% -25% Note 2 Donations, Legacies and Slmllar lficomlng Resources 2021 2020 Collectlon at Servlces 65598 76.718 Note 3a Gift Aid Recelved Note 3b Other Fundings & Rebate HMRCJRS HMRC Nl Rebate ForVIVa Forever Manchester Salford City Councll 2.424 2,905 250 2,783 io.rx)o I391 7,079 Note 4 Receivables Gift Aid Other5 7,020 17,164 24,184 1,086 15,985 17,071 io RCCG City of pralse, Manchester. Reports for the year ended 30th June, 2021
The Redeemed Christian Church of God City of Praise Notes to the Accounts for the Year ended 30th June, 2021 2021 2020 Note 5 Grants Payable4nslltthnal Wodd Evangelical Mission IWEM) Central Office Funding 6.847 10.339 7A47 10,939 Note 6 Cost of Actl¥ldtt In rth¢rance ol Charfty ObJe¢ts External Speakers Expen5es/Honorarium 1,870 Tralnlng Semlnars and confenCeS 610 Travel ènd Subsistence 1,082 Rent. rates and Licences Welfare Expenses Tèlephone and Communicatlon Printin8 and Publicity Motor Vehicle Expenses Insurance Depreciatlon Hospltallty Repalr and MalntÈnance 3,972 4,976 4,660 5,568 124 187 1,151 2,766 4,498 8,123 353 738 2,010 2,309 3,637 2,384 335 26,867 39,787 Note 7 Manag•ment and Gov•rnint• Costs Adminlstrative Salaries Legal and Professional fees Independent Examlnerf5 fee 40,620 3.143 350 44.1 42,959 4.209 350 47.518 li RCCG City of praise, Manchester. Reports for the year ended 30th June, 2021
The Redeemed Christian Church of God City of Praise Notes to the Accounts forthe Year ended 30th June. 2021 Muskal Commrter Funlture Equ1prnt and Other & Flttln Equlpiixrt Total Vehlcles Not• 8 Flxed Assets At 30 June 2020 Addltlons Disposabs At 30Jun• 2021 7,157 20.144 8.049 9,462 15.919 2.108 52.682 12.563 7.157 28,193 11,868 18,027 65,245 Depreclatlon At 30 June 2020 Additions Disposals At 30 Jun• 2021 2,314 1.211 17,702 611 8,811 288 11,916 1,528 40,743 3,637 3,525 13 Net Book Value As •t 30 Jun• 2020 651 4,003 11,939 As at 30 Jun• 2021 3,632 9.881 2,769 4.583 20,865 Note 9 Bank Balanc•s Natwest Bank Barclays 77,722 3,113 73,139 2,389 75.528 Note 10 Cr•dltvs & Acuuals RemIttan5 Due Other Accrued Expenses 2,824 700 3.524 2,755 700 JA55 RCCG Clty of pr•ise, Manchester: Reports forthe year ended 30th June, 2021