2021-06-30-accounts - Redeemed Christian Church Of God (Rccg) Holy Ghost Zone Coventry

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Charity no 1127576 Company house 06032215

THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE COVENTRY

Annual Accounts

1 July 2020 - 30 June 2021

Prepared by DTT Consultancy Ltd

RCCG	The RCCG Holy Ghost Zone	The RCCG Holy Ghost Zone	The RCCG Holy Ghost Zone	The RCCG Holy Ghost Zone	The RCCG Holy Ghost Zone
	Annualaccountsforthe period
	Period start date	1st July 2020	To	Period end date	30th June 2021

Section A	Statement of financial activities
Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) Incoming resources from generated funds Voluntary income S01 Activities for generating funds S02 Investment income S03 Incoming resources from charitable activities S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 *Total funds carried forward* Total funds brought forward *Net movement in funds* *Net incoming/(outgoing) resources before* *transfers* Prior year adjustment Gains and losses on revaluation of fixed assets for the charity’s own use Other recognised gains/(losses) *Net incoming/(outgoing) resources before* *other recognised gains/(losses)* Gross transfers between funds *Total resources expended* *Total incoming resources*		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		157,962	-	-	157,962	198,187
		-	-	-	-	-
		-	-	-	-	-
		37,118	-	-	37,118	38,700
		-	-	-	-	-
		195,080	-	-	195,080	236,887

		-	-	-	-	-
		98,388	-	-	98,388	128,977
		-	-	-	-	-
		-	-	-	-	-
		42,576	-	-	42,576	62,746
		2,795	-	-	2,795	1,231
		-	-	-	-	-
		143,759	-	-	143,759	192,955
		51,321	-	-	51,321	43,933
		-	-	-	-	-
		51,321	-	-	51,321	43,933

			-	-	-
		12,030			12,030	31,737
		51,321			51,321	43,933
		327,072			327,072	251,402
		390,422	-	-	390,422	327,072

Page 1

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	Total this year Total last year £ £ F04 F05	Total this year Total last year £ £ F04 F05
1,024,596	-	-	1,024,596	794,733
-	-	-	-	-
-	-	-	-	-
1,024,596	-	-	1,024,596	794,733

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
4,338	-	-	4,338	100,540
4,338	-	-	4,338	100,540

600	-	-	600	600

3,738	-	-	3,738	99,940

1,028,334	-	-	1,028,334	894,673

637,912			637,912	567,601


390,422	-	-	390,422	327,072

390,422			390,422	327,072
			-
	-		-
		-	-

390,422	-	-	390,422	327,072

Signature		Print	Date of approval Name
		Ajayi Oladipo		21-Apr-22

Page 2

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);
and with*

0 Accounting Standards;

or Financial Reporting Standards for Smaller Enterprises (FRSSE);

and with the Charities Act 1993.

[** except for the following].

Give details in this box if a different standard has been followed.

-Tick as appropriate:
if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick
“Financial Reporting Standards for Smaller Enterprises (FRSSE)”.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following).

§ if no changes have been made to accounting policies then delete these words.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

Page 3

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming	These are included in the Statement of Financial Activities (SoFA) when:
resources	 the charity becomes entitled to the resources;
	 the trustees are virtually certain they will receive the resources; and
	0
Incoming resources with	Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure	the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations	Grants and donations are only included in the SoFA when the charity has unconditional
	entitlement to the resources.
Tax reclaims on donations	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts	which they relate.
Contractual income and	This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
	distributed by the charity.
	Gifts in kind for use by the charity are included in the SoFA as incoming resources when
	receivable.
Donated services and	These are only included in incoming resources (with an equivalent amount in resources
facilities	expended) where the benefit to the charity is reasonably quantifiable, measurable and
	material_._The value placed on these resources is the estimated value to the charity of the
	service or facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Investment income	This is included in the accounts when receivable.
Investment gains and losses	This includes any gain or loss on the sale of investments and any gain or loss resulting from
	revaluing investments to market value at the end of the year.
EXPENDITURE AND	LIABILITIES
Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation committing the
	charity to pay out resources.
Governance costs	Include costs of the preparation and examination of statutory accounts, the costs of trustee
	meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of service
conditions	or output to be provided, such grants are only recognised in the SoFA once the recipient of the
	grant has provided the specified service or output.
Grants payable without	These are only recognised in the accounts when a commitment has been made and there are
performance conditions	no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs	Support costs include central functions and have been allocated to activity cost categories on a
	basis consistent with the use of resources, eg allocating property costs by floor areas, or per
	capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use	These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity	are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress	These are valued at the lower of cost or market value.

Page 4

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
Offering,Thanksgivingand Tithes	157,962	198,187

Total	157,962	198,187

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Interest	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Gift Aid	37,118	38,700
	-	-
	-	-
	-	-
	-	-
Total	37,118	38,700

Page 5

RCCG House Holy Ghost Zone 1 July 20 - 30 June 21

Section C Notes to the accounts

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
Salary& Wages	26,555	24,342
Church Licence	498	538
Telephone	1,900	1,900
Printingand Stationery	88	2,557
Mortgage Interest	13,785	12,964
Training	4,315	8,470
Depreciation	5,137	5,137
Gas Water & Electricity	13,382	15,566
Other Church RunningExpenses	634	2,240
Insurance	2,920	4,290
Charges	1,075	5,855
Pension	3,667	3,102
Vehicle exp	460	1,249
HMRC	16,800	15,645
Professional fees	4,300	13,750
Hospitality	587	-
Travel	1,810	8,418
Legal fees(mortgage cost)	-	2,003
Council		894
Other	476	56
Total	98,388	128,977

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
Total	-	-

Donation & Welfare	6,794	10,610
FOL Mission	750	2,197
Central Office	3,375	3,300
Foodbank		224
Church Outreach	13,282	13,415
WEM	18,375	33,000
Total	42,576	62,746

Professional fees	2,195	631
Accountingfees	600	600
Total	2,795	1,231

Page 6

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

*support costs.*
Support cost type	Fundraising activity £	Charitable Activity £	Governance Activity £	Total Cost £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total	-	-	-	-

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses Nature of the expenses Total amount paid	This year	Last year


	£	£

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor Independent examiner’s or auditors' fees for reporting on the accounts	This year £	Last year £
	600	600

Page 7

RCCG House Holy Ghost Zone 1 July 20 - 30 June 21

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

Freehold land £	Renovation work £	Motor Vechicle £	Church equipment £	Computer and Software £	Total £
750,000	29,322	69,650	46,427	-	895,399
235,000	-	-	-	-	235,000
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
985,000	29,322	69,650	46,427	-	1,130,399
	-	69,650	31,016	-	100,666
			5,137		5,137
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	69,650	36,153	-	105,803

750,000	29,322	-	15,411	-	794,733
985,000	29,322	-	10,274	-	1,024,596

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

Page 8

RCCG House Holy Ghost Zone 1 July 20 - 30 June 21

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
		-
-	-	-	-
			-
-	-	-	-
-	-	-	-

Note 12-13 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
Thisyear	Lastyear	Thisyear	Lastyear
£	£	£	£

600	600
		90,000	-
		54,000	72,000
		493,912	352,001
600	600	637,912	424,601

Page 9