## **REDEEMED CHRISTIAN CHURCH OF GOD POWER HOUSE Reports and Financial Statements for the year ended 31ST MARCH 2022**
## **Legal and administrative information**
## **Status**
Registered charitable organisation since 10 August 2009
## **Trustees and Management committee**
Mr Olasunkanmi Awofadeju - Senior Pastor Mr Sunday Odunayo Ewulomi - Chair Mr Emmanuel Olufemi Ogunniyi - Trustee Mrs Oluremi Opokiti - Trustee Mrs Charity Odinye - Trustee Agrippa Oniovogha Ogri - Trustee
## **Registered office address**
10 Lampton Avenue, Bristol, BS13 0PT
## **Charity operations address**
Knowle Methodist Church, Redcatch Road, Knowle Bristol, BS4 2EP
## **Registered charity number**
## **1131025**
**Bankers**
Barclays Bank PLC
**Accountants**
AL Accounting Solutions Chartered Certified Accountants 21A Brighton Road South Croydon, Surrey CR2 6EA
1
## **REDEEMED CHRISTIAN CHURCH OF GOD POWER HOUSE Reports and Financial Statements**
## **for the year ended 31ST MARCH 2022**
## **Trustees report**
The Trustees' present their report and financial statements for the above period.
## **Activities for the current year**
As in the previous years, quarterly meetings were held by the trustees during the financial year ending 31[st] March 2022. The church physical gathering resumed fully during period, and in addition we experienced significant improvement in attendance compared to the COVID 19 restriction era. Moreover, the church has continued to move forward in terms of impact in the lives of people and its community. This time around most of the annual programmes of the church were implemented as the restrictions due to COVID 19 were lifted.
Progress made in the finances can be seen in the enclosed annual accounts. Efforts are still ongoing in securing a permanent place of worship for the church.
For community project, the church, as in the previous financial years continued with its efforts on visits to the homes of the less privileged (to show them the love of Christ with gifts from the church) in the community, during the Christmas holiday period in the calendar year. The church has also continued with its collaboration with other charities to help in poverty alleviation in the lives of children living in some of the third world countries.
## **Responsibilities and basis of preparation of the report**
The trustees of the charity are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the trustees
……………………………….
Date ……………………………….
**Pastor Olasunkanmi Awofadeju (Senior Pastor)**
2
## **REDEEMED CHRISTIAN CHURCH OF GOD POWER HOUSE Reports and Financial Statements**
## **for the year ended 31ST MARCH 2022**
## **Independent Examiner's report to the Trustees**
I report to the trustees on my examination of the accounts of the above charity for the above period.
## **Responsibilities and basis of report:**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement:**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alhassan Bangura FCCA AL Accounting Solutions Chartered Certified Accountants 21A Brighton Road South Croydon, Surrey CR2 6EA
Date.....................................................
3
## **REDEEMED CHRISTIAN CHURCH OF GOD POWER HOUSE Reports and Financial Statements**
## **Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31ST MARCH 2022**
|Unrestricted
Funds
**Notes**
£
**Incoming Resources:**
Voluntary Donations
56,092
Gift Aid Claims
5,794
Bank Interest Received
-
Total Incoming resources
61,886
**Resources Expended:**
Resources Expended
4
30,227
Total Resources Expended
30,227
Net Surplus / (Deficit) for the year
31,659
Opening Funds
153,896
Closing Funds
185,555
No restricted funds at the end of the year|**Total**
**Funds**
**2022**
**£**
**56,092**
**5,794**
**-**
**61,886**
**30,227**
**30,227**
**31,659**
**153,896**
**185,555**|Total
Funds
2021
£
33,908
7,603
146
41,657
28,617
28,617
13,040
140,856
153,896|
|---|---|---|
4
## **REDEEMED CHRISTIAN CHURCH OF GOD POWER HOUSE**
## **Reports and Financial Statements**
## **Balance Sheet as at 31ST MARCH 2022**
|**Fixed assets**
Equipment and Furniture
**Current assets**
Cash at Bank and in Hand
Less: Current Liabilities
**Net Assets**
Unrestricted Funds
Signed on behalf of the trustees
……………………………….
REPRESENTED BY:|**Notes**
**£**
**£**
2
**7,856**
**178,179**
3
**(480)**
**177,699**
**185,555**
**185,555**
**185,555**
Date ……………………………….
**2022**|2021
£
8,334
145,982
(390)|
|---|---|---|
|||145,592|
|||153,926|
|||153,896|
|||153,896|
||||
**Pastor Olasunkanmi Awofadeju (Senior Pastor)**
5
## **REDEEMED CHRISTIAN CHURCH OF GOD POWER HOUSE Reports and Financial Statements**
## **Notes forming part of the financial statements for the year ended 31ST MARCH 2022**
## **1. Accounting policies**
a) The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
b) Voluntary income is received by the way of donations towards religious tithes and offerings. Donations received is included in full in the Statement of Financial Activities in the year in which they are received.
c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
d) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:
- Equipment & Furniture 20%
- Motor Vehicle 20%
e) Unrestricted funds are donations and other incoming resources received for the objects of the charity without further specified purpose and are available as general funds.
f) Restricted funds are to be used for specific purposes as laid down by the donor.
|**2.**
**Tangible Fixed Assets**
Cost:
As at 1 April 2021
Addition
As at 31ST MARCH 2022
Depreciation:
As at 1 April 2021
Charge
As at 31ST MARCH 2022
Net Book Value:
**As at 31ST MARCH 2022**
As at 1 April 2021|Equipment
& Furniture
£
11,969
1,487
13,456
8,883
915
9,798
**3,658**
3,086|Motor
Vehicle
£
8,200
-
8,200
2,952
1,050
4,002
**4,198**
5,248|Total
£
20,169
1,487|
|---|---|---|---|
||||21,656|
||||11,835
1,965|
||||13,800|
||||**7,856**|
||||8,334|
6
## **REDEEMED CHRISTIAN CHURCH OF GOD POWER HOUSE Reports and Financial Statements**
**Notes forming part of the financial statements for the year ended 31ST MARCH 2022**
|**3.**
**Current Liabilities**
Trade Creditors & Accruals
**4.**
**Total Resources Expended**
World Evangelical Mission Fund
RCCG Central Office Fund
Honorarium & Welfare
Events Cost, Outreach & Publicity
Vicarage allowance
Rent & Rates
Motor expenses
Travel & Transport
Subscription & Licences
Legal & Professional Fees
Accountancy Fees
Depreciation
Total|**2022**
**£**
**480**
**480**
**2022**
**Total**
**£**
**7,476**
**2,304**
**4,904**
**3,157**
**3,703**
**3,372**
**1,823**
**819**
**224**
**-**
**480**
**1,965**
**30,227**|2021
£
420|
|---|---|---|
|||390|
|||2021
Total
£
7,455
650
6,732
2,348
1,507
1,869
1,543
1,500
459
1,750
720
2,084|
|||28,617|
7
**Registered Charity No: 1131025**
## REDEEMED CHRISTIAN CHURCH OF GOD POWER HOUSE
Reports and Financial Statements Year ended: 31ST MARCH 2022
AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon, Surrey CR2 6EA
## **REDEEMED CHRISTIAN CHURCH OF GOD POWER HOUSE Reports and Financial Statements**
## **Contents**
|Page No||
|---|---|
|1|Legal and administrative information|
|2|Trustees report|
|3|Independent examiners report|
|4|Statement of Financial Activities|
|5|Balance Sheet|
|6-7|Notes forming part of the financial statements|