The Redeemed Christian Church of God (RCCG) Testimony Assembly
Report and Accounts
30 September 2021 Charity Registration Number : 1129306
The Redeemed Christian Church of God (RCCG) Testimony Assembly
Report and accounts for the year ended 30 September 2021
Contents
| Page | ||
|---|---|---|
| Charity information | 1 | |
| Trustees' Annual Report | 1 | |
| Accountants' report | 7 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 9 | |
| Movements in funds | 10 | |
| Income and Expenditure account | 10 | |
| Balance sheet | 11 | |
| Notes to the accounts | 12 |
1
The Redeemed Christian Church of God (RCCG) Testimony Assembly
Trustees' Annual Report for the year ended 30 September 2021
The Trustees present their Report and Accounts for the year ended 30 September 2021.
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 Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .
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.
The trustees are all individuals.
The principal operating address, telephone number, email and web addresses of the
219 Beam Avenue Dagenham RM10 9BP Telephone: 07939265699
Email Address rccgtestimonyassembly@yahoo.com
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 2021
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
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1) The advancement of Christian religion worldwide and.
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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 homelss the word of God, our team also went with gifts to as many as possible. In the past anumber 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 councelling. They had some time ti socialise too. We pray and preach the goodnews of salvation mot only in London Borough of Havering, Barking a& 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 2021
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 wprship. This is to further enchance 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.
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
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The Redeemed Christian Church of God (RCCG) Testimony Assembly
Trustees' Annual Report for the year ended 30 September 2021
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.
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 2021
The financial position of the charity at 30 September 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Total Unrestricted Funds Restricted Revenue Funds Total Restricted Funds Total Funds Net income Unrestricted Revenue Funds available for the general purposes of the charity |
2021 2020 £ £ 11,006 3,103 36,825 25,819 36,825 25,819 51,704 51,704 51,704 51,704 88,529 77,523 |
|---|---|
Financial review of the position at the reporting date, 30 September 2021 .
During the year, income of £38,690 (£43,175 in 2020) was mainly 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 £11,006 (£3,103 in 2020). The value of the The Redeemed Christian Church of God (RCCG) Testimony Assembly net assets as at 30 September 2020 is £88,529 (£77,523 in 2020)
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The Redeemed Christian Church of God (RCCG) Testimony Assembly
Trustees' Annual Report for the year ended 30 September 2021
Details of The Independent Examiner
Oludolapo Kukoyi
Member of Institute of accountants & bookkeepers
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 2021
Statement of Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of 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, charity law requires the Trustees, if they prepare accounts on an accruals basis, 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 Trustees are required to :-
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to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
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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 regulations made under the Charities Act 2011. 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.
This report was approved by the board of trustees on 10 June 2023.
Elder Henry Adeyinka Somoye Mrs Elizabeth T Oyerokun Trustee Trustee
6
The Redeemed Christian Church of God (RCCG) Testimony Assembly
Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 30 September 2021
I report to the Trustees on my examination of the financial statements of the charity on pages 9 to 18 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 12.
Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report
As described on page 6, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with 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 Governing Document for the conducting of an audit. 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 charity and of the accounting systems employed by the charity 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
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:-
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 with 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 the Charities (Accounts and Reports) Regulations 2008 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.
Oludolapo Kukoyi - Independent Examiner
Institute of accountants & bookkeepers 147 Caxton Close Hartley Kent DA3 7DP
This report was signed on 10 June 2023
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The Redeemed Christian Church of God (RCCG) Testimony Assembly - Statement of Financial Activities for the year ended 30 September 2021
Statement of Financial Activities for the year ended 30 September 2021
| Income & Endowments from: Donations & Legacies Investments Total income Expenditure on: Charitable activities Total expenditure Net income for the year Reconciliation of funds:- Total funds brought forward Total funds carried forward Net movement in funds |
Current year Unrestricted Funds 2021 £ 38,683 7 38,690 27,684 27,684 11,006 11,006 25,819 36,825 |
Current year Restricted Funds 2021 £ - - - - - - - 51,704 51,704 |
Current year Total Funds 2021 £ 38,683 7 38,690 27,684 27,684 11,006 11,006 77,523 88,529 |
Prior Year Total Funds 2020 £ 43,175 - |
|---|---|---|---|---|
| 43,175 | ||||
| 40,072 | ||||
| 40,072 | ||||
| 3,103 | ||||
| 3,103 74,420 |
||||
| 77,523 |
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.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
The Redeemed Christian Church of God (RCCG) Testimony Assembly - Resources applied in the year ended 30 September 2021 towards fixed assets for 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 |
2021 £ 11,006 (1,090) 9,916 |
2020 £ 3,103 (2,491) |
|---|---|---|
| 612 |
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
The notes attached on pages 12 to 18 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 2021
Movements in revenue and capital funds for the year ended 30 September 2021
Revenue accumulated funds
| Unrestricted Funds 2021 £ Accumulated funds brought forwa 25,819 11,006 36,825 Closing revenue funds 36,825 Summary of funds Unrestricted and Designated funds 2020 £ Share capital and share premium - Revenue accumulated funds 36,825 Total funds 36,825 Recognised gains and losses before transfers |
Restricted Funds 2021 £ 51,704 - 51,704 51,704 Restricted Funds 2020 £ - 51,704 51,704 |
Total Funds 2021 £ 77,523 11,006 88,529 88,529 Total Funds 2020 £ - 88,529 88,529 |
Last year Total Funds 2020 £ 74,420 3,103 |
|---|---|---|---|
| 77,523 | |||
| 77,523 | |||
| Last Year Total Funds 2019 £ - 77,523 |
|||
| 77,523 |
The Redeemed Christian Church of God (RCCG) Testimony Assembly Income and Expenditure Account for the year ended 30 September 2021 as required by the Companies Act 2006
| Income Income from operations Interest receivable Gross income in the year Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Governance costs Interest payable Total expenditure in the year Retained surplus for the financial year |
2021 £ 38,683 7 38,690 23,487 3,847 350 - 27,684 11,006 |
2020 £ 43,175 - |
|---|---|---|
| 43,175 | ||
| 35,934 3,632 350 156 |
||
| 40,072 | ||
| 3,103 |
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.
The notes attached on pages 12 to 18 form an integral part of these accounts.
10
The Redeemed Christian Church of God (RCCG) Testimony Assembly - Balance Sheet
| Notes Fixed assets Tangible assets 5 Total fixed assets Current assets Debtors 6 19,596 Cash at bank and in hand 69,315 Total current assets 88,911 |
Notes Fixed assets Tangible assets 5 Total fixed assets Current assets Debtors 6 19,596 Cash at bank and in hand 69,315 Total current assets 88,911 |
2021 £ 2,116 2,116 |
19,396 80,903 |
2020 £ 4,873 |
|---|---|---|---|---|
| 4,873 | ||||
| 88,911 | 100,299 | |||
| Creditors: amounts falling due within one year 7 (2,498) (2,649) Net current assets 86,413 97,650 88,529 102,523 Creditors: amounts falling due after more than one year 8 - (25,000) The total net assets of the charity 88,529 77,523 Restricted funds Restricted Revenue Funds 12 51,704 51,704 51,704 51,704 Unrestricted Funds Unrestricted Revenue Funds 12 36,825 25,819 36,825 25,819 Total charity funds 88,529 77,523 The total net assets of the charity are funded by the funds of the charity, as follows:- Net assets |
(2,498) | (2,649) | 97,650 | |
| 102,523 (25,000) |
||||
| 77,523 |
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 Trustees acknowledge their responsibilities for complying with the requirements of charity legislation 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 8.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts 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 Approved by the board of trustees on 10 June 2023
Trustee
The notes attached on pages 12 to 18 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 2021
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, whether from exchange or non exchange transactions, 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 of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
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The Redeemed Christian Church of God (RCCG) Testimony Assembly
Notes to the Accounts for the year ended 30 September 2021
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
Creditors are amounts owed. They are measured at the amount expects to pay to settle the debt. Amounts which are owed in more than a year are shown as long-term creditors
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, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
There are no endowment funds.
2 Net surplus before tax in the financial year
| The net surplus before tax in the financial year is stated after charging:- Depreciation of owned fixed assets 3 Interest payable Loan interest |
2021 £ 3,847 |
2020 £ 3,632 |
|---|---|---|
| 2021 £ - |
2020 £ 156 |
|
| - | 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 conservatively valued at £10.00 an hour, the volunteer effort amounts to over £65,000
| Salary costs Gross Salaries excluding trustees and key management personnel Total salaries, wages and related costs |
2021 £ - |
2020 £ 7,800 |
|---|---|---|
| - | 7,800 |
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The Redeemed Christian Church of God (RCCG) Testimony Assembly
Notes to the Accounts for the year ended 30 September 2021
5 Tangible fixed assets
| Current Year Cost At 1 October 2020 Additions At 30 September 2021 Depreciation At 1 October 2020 Charge for the year At 30 September 2021 Net book value At 30 September 2021 At 30 September 2020 6 Debtors 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 2020 Surplus after tax for the year At 30 September 2021 |
Land and Buildings £ - - |
Plant & Machinery £ 17,200 1,090 |
Motor Vehicles £ 8,550 - |
Total £ 25,750 1,090 |
|---|---|---|---|---|
| - | 18,290 | 8,550 | 26,840 | |
| - - |
14,463 1,711 |
6,414 2,136 |
20,877 3,847 |
|
| - | 16,174 | 8,550 | 24,724 | |
| - | 2,116 | - | 2,116 | |
| - | 2,737 | 2,136 | 4,873 | |
| 2021 £ 19,596 |
2020 £ 19,396 |
|||
| 19,596 | 19,396 | |||
| 2021 £ 2,498 |
2020 £ 2,649 |
|||
| 2,498 | 2,649 | |||
| 2021 £ - |
2020 £ 25,000 |
|||
| 2021 £ 77,523 11,006 |
2020 £ 74,420 3,103 |
|||
| 88,529 | 77,523 |
10 Related party transactions
The Redeemed Christian Church of God (RCCG) Testimony Assembly is a parish of The Redeemed Christian Church of God - a network comprising parishes all over the world. There is an agreement for common purposes entered into by The 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 2021
11 Particulars of how particular funds are represented by assets and liabilities
| At 30 September 2021 Tangible Fixed Assets Current Assets Current Liabilities At 1 October 2020 Tangible Fixed Assets Current Assets Current Liabilities Long Term Liabilities |
Unrestricted funds £ 2,116 37,207 (2,498) |
Designated funds £ - - |
Restricted funds £ - 51,704 - |
Total Funds £ 2,116 88,911 (2,498) |
|---|---|---|---|---|
| 36,825 | - | 51,704 | 88,529 | |
| Unrestricted funds £ 4,873 48,595 (2,649) (25,000) |
Designated funds £ - - - - |
Restricted funds £ - 51,704 - - |
Total Funds £ 4,873 100,299 (2,649) (25,000) |
|
| 25,819 | - | 51,704 | 77,523 |
12 Change in total funds over the year as shown in Note 11 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Unrestricted Fund Total restricted funds Total charity funds |
Funds brought forward from 2020 £ 25,819 |
Movement in funds in 2021 See Note 13 £ 11,006 |
£ - Transfers between funds in 2021 |
Funds carried forward to 2022 £ 36,825 |
|---|---|---|---|---|
| 25,819 | 11,006 | - | 36,825 | |
| 51,704 | - | - | 51,704 | |
| 51,704 | - | - | 51,704 | |
| 77,523 | 11,006 | - | 88,529 |
13 Analysis of movements in funds over the year as shown in Note 12
| Unrestricted and designated funds:- Unrestricted Revenue Funds |
Income 2021 £ 38,690 |
Expenditure 2021 £ (27,684) |
Other Gains & Losses 2021 £ - |
Movement in funds 2021 £ 11,006 |
|---|---|---|---|---|
| 38,690 | (27,684) | - | 11,006 |
15
The Redeemed Christian Church of God (RCCG) Testimony Assembly
Detailed analysis of income and expenditure for the year ended 30 September 2021 as required by the SORP 2015
This analysis is classsified by conventional nominal descriptions and not by activity.
14 Donations, Grants
| Donations, Grants | ||||
|---|---|---|---|---|
| Donations and gifts from individuals Total donations and gifts from individuals Total private sector revenue grants Small grants individually less than £1000 Small donations individually less than £1000 |
Current year Unrestricted Funds 2021 £ 37,620 |
Current year Restricted Funds 2021 £ - - Current year Restricted Funds 2021 £ - - |
Current year Total Funds 2021 £ 37,620 37,620 Current year Total Funds 2021 £ 1,063 1,063 |
Prior Year Total Funds 2020 £ 43,019 |
| 37,620 | 43,019 | |||
| Current year Unrestricted Funds 2021 £ 1,063 |
Prior Year Total Funds 2020 £ 156 |
|||
| 1,063 | 156 |
15 Expenditure on charitable activities - Direct spending
| Current Year Total direct spending Travel and Subsistence - Charitable Activities Sacraments Gross wages and salaries - charitable activities Welfare Conferences & Seminars |
Current year Unrestricted Funds 2021 £ - 1,510 232 4,503 500 |
Current year Restricted Funds 2021 £ - - - - - - |
Current year Total Funds 2021 £ - 1,510 232 4,503 500 6,745 |
Prior Year Total Funds 2020 £ 7,800 2,625 964 5,135 - |
|---|---|---|---|---|
| 6,745 | 16,524 |
16 Expenditure on charitable activities- Grant funding of activities
| Current Year Total grantmaking costs Grants made to organisations |
Current year Unrestricted Funds 2021 £ 2,150 |
Current year Restricted Funds 2021 £ - - |
Current year Prior Year Total Funds Total Funds 2021 2020 £ £ 2,150 2,100 |
|---|---|---|---|
| 2,150 | 2,150 2,100 |
16
The Redeemed Christian Church of God (RCCG) Testimony Assembly
Detailed analysis of income and expenditure for the year ended 30 September 2021 as required by the SORP 2015
Breakdown of Grants made to organisations
| Current year Current year Current year Current Year Unrestricted Funds Restricted Funds Total Funds 2021 2021 2021 £ £ £ Festival of life 220 - 220 RCCG Central office 530 - 530 RCCG World Evagelism Mission 1,350 - 1,350 RCCG Chapel of Courage 50 - 50 2,150 - 2,150 17 Current year Current year Current year Current Year Unrestricted Funds Restricted Funds Total Funds 2021 2021 2021 £ £ £ Premises Expenses 7,298 - 7,298 Administrative overheads - - - 38 - 38 - - - - - - 691 - 691 - - - - - - 1,870 - 1,870 143 - 143 682 - 682 302 - 302 3,012 - 3,012 Professional fees paid to advisors other than the auditor or examiner 53 - 53 Financial costs 503 - 503 - - - 3,847 - 3,847 Total support costs - Current Year 18,439 - 18,439 The basis of allocation of costs between activities is described under accounting policies All the expenditure in the prior year was unrestricted. Insurance Sundry expenses Information and publications Depreciation & Amortisation in Office expenses Loan interest Advertising and marketing Health and safety costs Room Hire Legal fees Courier Services Telephone, fax and internet Software licences and expenses Support costs for charitable activities Stationery and printing Postage Bank charges Equipment,repairs,expenses and maintenance |
Prior Year Total Funds 2020 £ 240 600 1,260 |
|---|---|
| 2,100 | |
| Prior Year Total Funds 2020 £ 9,071 690 - 175 789 429 317 252 31 - 308 1,245 2,841 382 780 156 3,632 |
|
| 21,098 | |
17
The Redeemed Christian Church of God (RCCG) Testimony Assembly
Detailed analysis of income and expenditure for the year ended 30 September 2021 as required by the SORP 2015
18 Other Expenditure - Governance costs
| Current Year Independent Examiner's fees Total Governance costs 19 Total Charitable expenditure Current Year Total direct spending Total grantmaking costs Total support costs Total Governance costs Total charitable expenditure |
Current year Unrestricted Funds 2021 £ 350 |
Current year Restricted Funds 2021 £ - - Current year Restricted Funds 2021 £ - - - - - |
Current year Total Funds 2021 £ 350 350 Current year Total Funds 2021 £ 6,745 2,150 18,439 350 27,684 |
Prior Year Total Funds 2020 £ 350 |
|---|---|---|---|---|
| 350 | 350 | |||
| Current year Unrestricted Funds 2021 £ 6,745 2,150 18,439 350 |
Prior Year Total Funds 2020 £ 16,524 2,100 21,098 350 |
|||
| 27,684 | 40,072 |
18