2020-09-30-accounts

The Redeemed Christian Church of God (RCCG) Testimony Assembly

Report and Accounts

30 September 2020

The Charity Registration Number is :- 1129306

The Redeemed Christian Church of God (RCCG) Testimony Assembly

Report and accounts for the year ended 30 September 2020

Contents

Page (s)

Charity information
Trustees' Annual Report	1 - 4
Statement of directors' responsibilities	2 - 6
Independent Accountant's Report	7 - 8
Funds Statements:-
Statement of Financial Activities	9
Movements in funds	10
Summary of funds	10
Income and Expenditure account	10
Balance sheet	11 - 12
Notes to the accounts	13 - 20

The Redeemed Christian Church of God (RCCG) Testimony Assembly

Trustees' Annual Report for the year ended 30 September 2020

The trustees present their report and accounts for the year ended 30 September 2020,

Reference and administrative details

The charity name.

The legal name of the charity is:- The Redeemed Christian Church of God (RCCG) Testimony Assembly.

The charity is also known by its operating name, RCCG Testimony Assembly

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1129306.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.

The governing document is dated 04 February 2009

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by charity law.

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

The principal operating address, telephone number, email address of the charity are:

219 Beam Avenue Dagenham, RM10 9BP Telephone: [phone]

Email address: [e-mail]

The charity purses its objectives by operation of a centre for christian worship at RCCG Testimony Assembly Apogee Studios Unit 17 Bryant industrial estate. Bryant avenue Gallows coner Harold hill RM3 0BY

The trustees in office on the date the report was approved were:-

Edison Erharuyi

Pastor Elizabeth Tejumade Oyerokun

Elder Henry Adeyinka Somoye

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Trustees' Annual Report for the year ended 30 September 2020

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

• 1) The advancement of Christian religion worldwide and.

• 2) The relief of poverty worldwide

The main activities undertaken in relation to those purposes during the year.

The process of development, planning and implementation have continued in the last year during which the church has been succesful spiritualy in ministring to the needs of different kinds of people and training the church members to deal with various commumity members who may come into the church requiring any form of assistance. We have also been successful in helping people develop biblical principles that build up their self-esteem enabling them to fulfil their purpose and live a happy and productive life. We have within the year continued to introduce more proggrammes geared towards the devlopment of the whole man.

Evangelism

Evangelism was carried out throughout the year, reaching out to those who were on the street as well as in residential homes, enlightening them of the love of Jesus that there is hope for them too if they will respond to His love. In addiltion to giving the homeless the word of God, our team also went with gifts to as many as possible. In the past a number of them have responded positively to our invitation and attended our services.

Counselling

This was made available free of charge mainly by the pastor. Appointment to see the pastor are made either directly with him or through the church office. The meetings took place in the Church, during the week in addition to Sundays. We had a number of activities for the youth during the year which include seminars and workshops as well as counselling. They had some time to socialise too. We pray and preach the goodnews of salvation not only in London Borough of Havering, Barking & Dagenham but in many other parths of the UK.

The main activities undertaken during the year to further the charity's purpose for the public benefit.

In determing how best to pursue these objectives the trustees have taken on board the charity commission's general guidance on public benefit and in particular it's supplementary public guidance on the advancement of religion for public benefit.

We have a number of community based vehicles of transformation that focus on assisting the disadvantaged and less well off in our local communties and overseas.

The charity donates to other organisations like World Evangelical Mission (WEM) that are better placed to futher advance charitable causes. Our site is accessible to all when programmes are being run and events cater for people from all works of life. We run Youths, Marriage Children's, Men & Women's base events.

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Trustees' Annual Report for the year ended 30 September 2020

The charity's strategies for achieving its aims and objectives in the future.

The Church aims, as part of fulfilling its main objectives, to create more facilities that will help develop the whole man, spiritually, mentally and pysically. RCCG Testimony Assembly continues to advance towards the goal of proclaiming the Gospel in a manner that is relevant to the lives of families and individuals today. The church continues to work with the other organisations within and outside London Borough of Havering to improve the lives of people across age, gender, and nationalities, socioeconomic groups.

Plan for a permanent Place of Worship

The Charity is still searchng for DI Property suitable to acquire for use as a permanent place of worship. This is to further enhance the ability to fully serve the community and improve the charity Public benefits activities in London borough of Havering in particular and UK as a whole.

The contribution of volunteers during the year.

The church is grateful for the efforts of its Volunteers who are involved in service provison, office work and administration. It is estimated that over 6,500 volunteer hours were provided during the period. If this is conservatively valued at £10.00 an hour, the volunteer effort amounts to over £65,000

Grant making policies and how these contributed to the achievement of the charity's aims and objectives during the year.

Under the common purpose agreement, RCCG Testimony Assembly has agreed to make an annual contribution to RCCG (UK). In addition, the church supports missionary organisations such as the World Evangelical Mission. The church also provides support to members of the congregation (at the discretion of the trustees) who are in need.

The main achievements and performance of the charity during the year.

The trustees are pleased to report that the church continued to be successful spiritually by ministering to many people in prayer and welfare. The church has improved in membership strength and is increasingly reaching out to the community.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

The policies and procedures for the induction and training of trustees.

New trustees are elected on the basis of the contribution that they will make to the governance of the organisation and the skills that they will contribute. They are provided with copies of the Charity Commission's guidance and given an introduction to the activities of the charity by the existing board.

The charity's organisational structure.

The church is organised so that the trustees meet regularly to manage its affairs . The Pastor in charge manages the day to day administration of the church

How the charity makes decisions and how decisions are delegated.

The board of trustees is headed by a Chairman, the Secretary to the trust and a Financial administrator. All the present employees of the charity are voluntary workers. The trustees are responsible for making all decisions regarding allocation of fund and activities.

The charity as a part of a wider network.

Redeemed Christian Church of God ('RCCG') Testimony Assembly is a member of the Redeemed Christian Church of God (RCCG) – a network comprised of Churches all over the world.

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Trustees' Annual Report for the year ended 30 September 2020

The trustees' bankers and advisors

Bankers Lloyds TSB 1-3 Market Place Romford RM1 3AA Accountants Datakap Bookkeepers & Accountants 147 Caxton Close Hartley DA3 7DP

Financial review

The charity's financial position at the end of the year ended 30 September 2020

The financial position of the charity at 30 September 2020 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Called up share capital Total unrestricted funds Restricted Revenue Funds Total Restricted Funds Total Funds Net income Unrestricted revenue funds available for the general purposes of the charity	2020 £ 3,103 - 26,295 26,295 51,704 51,704 77,999	2019 £ 6,881
		-
		23,192
		23,192
		51,704
		51,704
		74,896

Financial review of the position at the reporting date, 30 September 2020 .

During the year, income of £43,175 (£57,223 in 2019) was received as voluntary donations and government grant. The net movement in funds for the period, as shown in the statement of financial activities, for the period was £3.103 (£6,881 in 2019). The value of the The Redeemed Christian Church of God (RCCG) Testimony Assembly net assets as at 30 September 2020 is £77,999 (£74,896 in 2019)

Details of the independent examiner

Datakap Bookkeepers & Accountants 147 Caxton close Hartley Kent DA3 7DP

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Trustees' Annual Report for the year ended 30 September 2020

Statement of the trustees' responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :

• prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

• select suitable accounting policies and apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;

• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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.

The trustees are also responsible for the contents of the trustees' report, and the statutory responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Trustees' Annual Report for the year ended 30 September 2020

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 9 to 20.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 27 July 2021.

Elder Henry Adeyinka Somoye Mrs Elizabeth T Oyerokun Trustee Trustee

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Report of the independent examiner to the trustees of the charitable company on the accounts for the year ended 30 September 2020

I report to the trustees on my examination of the financial statements of the charitable company on pages 9 to 12 for the year ended 30 September 2020 which have been prepared in accordance with the charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 13.

Respective responsibilities of the trustees and the independent examiner and the basis of the report

As described on page 7, you, the charitable company's trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

• a) examine the financial statements of the charity under Section 145 of the Act;

• b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of independent examiner's statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. 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 setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Report of the independent examiner to the trustees of the charitable company on the accounts for the year ended 30 September 2020

Independent examiner's statement, report and opinion

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), . I concur with this approach, and any references in my report to the regulations should be read subject to this comment.

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;

This is a report in respect of an examination carried out under 145 of the Act and in accordance with directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

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 financial statements to be reached.

Signed:-

Datakap Bookkeepers & Accountants 147 Caxton Close Hartley Kent DA3 7DP

This report was signed on 27 July 2021

8

The Redeemed Christian Church of God (RCCG) Testimony Assembly - Statement of Financial Activities for the year ended 30 September 2020

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 30 September 2020, as required by the Companies Act 2006)

Current year Unrestricte d funds 2020 £ Income & endowments from: Donations & legacies 43,175 Total income 43,175 Expenditure on: Charitable activities 40,072 Total expenditure 40,072 Net income for the year 3,103 3,103 Reconciliation of funds:- Total funds brought forward 23,192 Total funds carried forward 26,295 Net movement in funds	Current year Restricted funds 2020 £ - - - - - - 51,704 51,704	Current year Total funds 2020 £ 43,175 43,175 40,072 40,072 3,103 3,103 74,896 77,999	Prior year Total funds 2019 £ 57,223
			57,223
			50,342
			50,342
			6,881
			6,881 68,015
			74,896

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the balance sheet.

All activities derive from continuing operations

Resources applied in the year ended 30 September 2020 towards fixed assets for Charity use:-

Charity use:-
Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Net resources available to fund charitable activities	2020 £ 3,103 (2,491) 612	2019 £ 6,881 (1,814)
		5,067

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 19 to 20 form an integral part of these accounts.

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The Redeemed Christian Church of God (RCCG) Testimony Assembly - Statement of Financial Activities for the year ended 30 September 2020

Movements in revenue and capital funds for the year ended 30 September 2020 Revenue accumulated funds

	Unrestricted	Restricted	Restricted	Total	Last year
	Funds	Funds		Funds	Total Funds
	2020	2020		2020	2019
	£	£		£	£
Accumulated funds brought fo	23,192	51,704		74,896	68,015
Recognised gains and losses	3,103		-	3,103	6,881
before transfers
	26,295	51,704		77,999	74,896
Closing revenue funds	26,295	51,704		77,999	74,896
Summary of funds	Unrestricted	Restricted		Total	Last Year
	and	Funds		Funds	Total Funds
Designated funds
	2020	2020		2020	2019
	£	£		£	£
Revenue accumulated funds	26,295	51,704		77,999	74,896
Total funds	26,295	51,704		77,999	74,896
Income and Expenditure Account for the		year ended 30		September 2020 as required by
the Companies Act 2006
				2020	2019
				£	£
Income
Income from operations				43,175	47,686
Refunds from HMRC on gift aided donations				-	9,537
Gross income in the year				43,175	57,223
Expenditure
Charitable expenditure, excluding depreciation		and amortisation		35,934	46,836
Depreciation and amortisation				3,632	3,156
Governance costs				350	350
Interest payable				156	-
Total expenditure in the year				40,072	50,342
Retained surplus for the financial year				3,103	6,881

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

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The Redeemed Christian Church of God (RCCG) Testimony Assembly - Balance Sheet

	Notes		2020		2019
			£		£
Fixed assets
Tangible assets	5		5,349		6,490
Total fixed assets			5,349		6,490
Current assets
Debtors	6	19,396		30,523
Cash at bank and in hand		80,903		41,903
Total current assets		100,299		72,426
Creditors: amounts falling due
within one year	7	(2,649)		(4,020)
Net current assets			97,650		68,406
			102,999		74,896
Net assets
Creditors: amounts falling due after
more than one year	8		(25,000)		-
Net assets			77,999		74,896
The total net assets of the charity			77,999		74,896
The total net assets of the charity	are funded by the		funds of the	charity, as follows:-
Restricted funds
Restricted Revenue Funds	12	51,704		51,704
			51,704		51,704
Unrestricted funds
Unrestricted revenue funds	12	26,295		23,192
			26,295		23,192
Total charity funds			77,999		74,896

The 'SORP Ref' indicated above is the classification of balance sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

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The Redeemed Christian Church of God (RCCG) Testimony Assembly - Balance Sheet

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Elder Henry Adeyinka Somoye Mrs Elizabeth T Oyerokun Trustee Trustee

The notes attached on pages 19 to 20 form an integral part of these accounts.

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Notes to the Accounts for the year ended 30 September 2020

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Risks and future assumptions

The trustees have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church, and are satisfied that systems are in place to mitigate our exposure to the major risks.

The charity is a public benefit entity. In determining how best to pursue these objectives the trustees have taken on board the charity commission’s general guidance on public benefit and in particular it’s supplementary public guidance on the advancement of religion for Public benefit.

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Income recognition

Income is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably. All income is accounted for gross, before deducting any related fees or costs.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result o event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, an amount of the obligation can be measured or reliably estimated..

Incoming resources All incoming resources are included on the Statement of Financial Activities when the cha legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expende Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all c to the category. Where costs cannot be directly attributed to particular headings they have been allocated to a a basis consistent with the use of resources.

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Notes to the Accounts for the year ended 30 September 2020

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition..

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Church equipment 20 % straight line Motor vehicles 25 % straight line

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Statement of Financial Activities for the year ended 30 September 2020 SORP 10.81. Describe the basis on w creditors and provisions for liabilities and charges are recognised and measured

Financial instruments including cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, w credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

Fund Accounting

Unrestricted funds can be 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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements

2 Net surplus before tax in the financial year

Net surplus before tax in the financial year
	2020	2019
	£	£
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets	3,632	3,156

3 Interest payable

Interest payable
Loan interest	2020 £ 156	2019 £ -
	156	-

4 The contribution of volunteers

The Church is grateful for the efforts of its volunteers who are involved in service provision , office work and administration. It is estimated that over 6,500 volunteer hours were provided during the period. If this is conser valued at £10.00 an hour, the volunteer effort amounts to over £65,000

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Notes to the Accounts for the year ended 30 September 2020

5 Tangible fixed assets

5 Tangible fixed assets
Cost At 1 October 2019 Additions Disposals At 30 September 2020 Depreciation At 1 October 2019 Additions At 30 September 2020 Net book value At 30 September 2020 At 30 September 2019 6 Other Debtors 7 Creditors: amounts falling due within one year Other creditors 8 Creditors: amounts falling due after one year Bank loans and overdrafts 9 Income and Expenditure account summary At 1 October 2019 Surplus after tax for the year At 30 September 2020 Debtors	Land and Buildings £ - -	Church Equipment £ 14,709 2,491 -	Motor Vehicles £ 8,550 -	Total £ 23,259 2,491 -
	-	17,200	8,550	25,750
	- -	12,493 1,494	4,276 2,138	16,769 3,632
	-	13,987	6,414	20,401
	-	3,213	2,136	5,349
	-	2,216	4,274	6,490
			2020 £ 19,396	2019 £ 30,523
			19,396	30,523
			2020 £ 2,649	2019 £ 4,020
			2,649	4,020
			2020 £ 25,000	2019 £ -
			25,000	-
			2020 £ 74,896 3,103	2019 £ 68,015 6,881
			77,999	74,896

10 Related party transactions

The Redeemed Christian Church of God (RCCG) Testimony Assembly is a parish of The Redeemed Christian God - a network comprising parishes all over the world. There is an agreement for common purposes entered Redeemed Christian Church of God (RCCG) Testimony Assembly which documents this relationship.

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Notes to the Accounts for the year ended 30 September 2020

11 Particulars of how particular funds are represented by assets and liabilities

At 30 September 2020 Unrestricted funds £ Tangible Fixed Assets 5,349 Current Assets 48,595 Current Liabilities (2,649) Long Term Liabilities (25,000) 26,295 At 1 October 2019 Unrestricted funds £ Tangible Fixed Assets 6,490 Current Assets 20,722 Current Liabilities (4,020) 23,192 12 Funds brought forward from 2019 £ Unrestricted and designated funds:- Unrestricted revenue funds 23,192 Total unrestricted and designated funds 23,192 Restricted funds:- Restricted funds 51,704 Total restricted funds 51,704 Total charity funds 74,896 13 Analysis of movements in funds over the year as shown in Note Income 2020 £ Unrestricted and designated funds:- Unrestricted revenue funds 43,175 43,175 Analysis of movements in funds over the year	Unrestricted funds £ 5,349 48,595 (2,649) (25,000)	Designated funds £ - - -	Restricted funds £ - 51,704 - -	Total Funds £ 5,349 100,299 (2,649) (25,000) -
	26,295	-	51,704	77,999
	Unrestricted funds £ 6,490 20,722 (4,020)	Designated funds £ - - -	Restricted funds £ - 51,704 -	Total Funds £ 6,490 72,426 (4,020)
	23,192	-	51,704	74,896
	Funds brought forward from 2019 £ 23,192	Movement in funds in 2020 £ 3,103	Transfers between funds in 2020 £ -	Funds carried forward to 2021 £ 26,295
	23,192	3,103	-	26,295
	51,704	-	-	51,704
	51,704	-	-	51,704
	74,896	3,103	-	77,999
		12 Expenditure 2020 £ (40,072)	Other Gains & Losses 2020 £ -	Movement in funds 2020 £ 3,103
	43,175	(40,072)	-	3,103

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Detailed analysis of income and expenditure for the year ended 30 September 2020 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

14 Donations, grants and legacies

Donations, grants and legacies
Donations and gifts from individuals Total donations and gifts from individuals Bounce back loan interest Total public sector revenue grants Total donations, grants and legacies Total donations, grants and legacies Refunds from HMRC on gift aided donations Small donations individually less than £1000 Revenue grants from government and public bodies	Current year Unrestricted funds 2020 £ 43,019 -	Current year Restricted funds 2020 £ - - - Current year Restricted Funds 2020 £ - -	Current year Total funds 2020 £ 43,019 - 43,019 Current year Total Funds 2020 £ 156 156	Prior year Total funds 2019 £ 47,686 9,537
	43,019			57,223
	Current year Unrestricted Funds 2020 £ 156			Prior Year Total funds 2019 £ -
	156			-
				Prior year Total funds 2019 £
	Unrestricted funds 2020 £	Restricted funds 2020 £ -	Current Year Total funds 2020 £ 43,175
	43,175			57,223

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Detailed analysis of income and expenditure for the year ended 30 September 2020 as required by the SORP 2015

15 Expenditure on charitable activities - Direct spending

Gross wages and salaries - charitable activities Sacrament Total direct spending	Current year Current year Unrestricted funds Restricted funds 2020 2020 £ £ 7,800 - 964 - 8,764 -	Current year Total funds 2020 £ 7,800 964 8,764	Prior year Total funds 2019 £ 7,800 70
			7,870

16 Expenditure on charitable activities- Grant funding of activities

Current year Unrestricted Funds 2020 £ Grants made to individuals 3,536 Grants made to organisations 2,100 Total grantmaking costs 5,636 Current year Unrestricted Funds 2020 £ RCCG World Evangelism Mission 1,260 RCCG Central Office Admin 600 Festival of Life 240 2,100 Breakdown of Grants made to organisations	Current year Unrestricted Funds 2020 £ 3,536 2,100	Current year Restricted Funds 2020 £ - - - Current year Restricted Funds 2020 £ - - - -	Current year Total Funds 2020 £ 3,536 2,100	Prior Year Total Funds 2019 £
				3,829 2,100
	5,636		5,636	5,929
			Current year Total Funds 2020 £ 1,260 600 240 2,100
				Prior Year
				Total Funds
				2019
				£
				1,260 600 240
	2,100			2,100

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Detailed analysis of income and expenditure for the year ended 30 September 2020 as required by the SORP 2015

15 Support costs for charitable activities

Current year Current year Unrestricted Funds Restricted Funds 2020 2020 £ £ Employee costs not included in direct costs Salaries - Administrative staff 2,625 - Volunteer costs Child Care for volunteers 1,599 - Training and welfare - volunteers - - Premises Expenses Room Hire 9,071 - Administrative overheads Telephone, fax and internet 690 - Stationery and printing 175 - Conference Cost 789 - Software licences and expenses 429 - Health and safety costs 317 - Advertising and marketing 252 - Sundry expenses 31 - 308 - Motor running expenses 4,086 - Professional fees paid to advisors other than the auditor or examiner Legal fees 382 - Financial costs Bank charges 780 - Loan interest 156 - Depreciation & Amortisation in 3,632 - Total support costs - Current Year 25,322 - Equipment,repairs,expenses and maintenance	Current year Total Funds 2020 £ 2,625 1,599 - 9,071 690 175 789 429 317 252 31 308 4,086 382 780 156 3,632 25,322	Prior Year Total Funds 2019 £ 5,695 1,529 119 15,098 752 77 1,694 172 - 1,534 30 262 4,850 461 764 - 3,156
		36,193

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The Redeemed Christian Church of God (RCCG) Testimony Assembly

Detailed analysis of income and expenditure for the year ended 30 September 2020 as required by the SORP 2015

16 Other Expenditure - Governance costs

Independent examiner's fees Total Governance costs Total direct spending Total grantmaking costs Total support costs Total Governance costs Total charitable expenditure	Current year Unrestricted funds 2020 £ 350	Current year Restricted funds 2020 £ - - Current year Restricted funds 2020 £ - - - - -	Current year Total funds 2020 £ 350 350 Current year Total funds 2020 £ 8,764 5,636 25,322 350 40,072	Prior year Total funds 2019 £ 350
	350			350
	Current year Unrestricted funds 2020 £ 8,764 5,636 25,322 350			Prior year Total funds 2019 £ 7,870 5,929 36,193 350
	40,072			50,342

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