The Redeetsed ciinstian Church ot God City 0£ Graee Trn#te report and finandal statement or tn¢ eadeii dl Uecemijer CharAty number. 1131975
Th¢ R•deemed Christian Chureh of GO Clty of Hio Grace Fittancial statements for the yeor endea 31 December 2020 Contents Le and afbnini$trdtive information Rewrt of the trnstees Independent exAminer'$ report Statement of financial activities Balance sheet otes formin% part of the finaneiai statements 9-13
Thc Redeemed ChTiStian ChUb of God. City of H•8 Grarc Flnancial statements for the year ended 31 December 2020 The twstees present its reyKbrt and financial statements for the year ended 31 December 2020. Reference administtAtiv¢ inforniation Chaxlty name.. The Redeenled Christian Churcb of God lry f¥l' His (irAr. astnr I,: A Ade.bnye Pa&tor irk Clwge: Pasior Adebiyi Ola¢iipts lWaI Chatity regABtration number: 1131975 Regist¢red office and operataojw addre8&' Mey Centre Rose Sireet Northfieet Grsvescn DAI 1 9EQ Pastor Solomon Adebowale Adegoke Ir Acie*aic Afjevert Mrs Othotunde Ayimlele Oladi .r Uluwaq UlaJEkndoiun Lklevemi Accountants: ML Alpha uorisull IAttlltcd Unit 2. Concord House 4 1 vVCIry oircci Al luv ktsrLLv?i Gravesend Page 1
The Rèdèèmèd ehriNtian Chtsreb. of VJDd. C.i+v of Hix Graoe Report of the trn8tee8 for the year endeii 31 Deeember 2(Y20 The trustees ofThe Redcerned Christian Church ofGcHI IRCCGI City of His Grace present their rcT)Ort and rtTnancial Statcmnnts lor th Nr2r pnd c7)drd 3 18t nererntsrr g0').f) which h8i'c bccr. prepared in accoidance with the Stateruent of Recommended Practice. 'Accounting and Report- hi. l-.hAie5" 18%1?e4 in ()e.toher 2W() and Rpvied Slatement ot. Rerommpnd?¢. Pr8,-tir.e ISORP) 2005. . Constitutlon The church is constituted under a Trust deed dated l May 2009 and is a registered charity th chur,tv rcgistration niimbcr I i 8 19'1b. b. htetltod of appoantmettt QT eleetltsn of trnstees New trustees are elected on the basis of the contribution that tbry will make to the governance of the oregnisation ld t4e skuls t4at thei. wr.Yly..:t.- Tr.m'.gre oroinded wpie% o. , Charity Cot]uni$sion'$ guidanee to trustees and given an introduclion to the activitie$ of the p.48p.np bi. zb,e pxigrng boa.vd. c. Pollcle$ adopted for the Inductlon Ad trnlnlng of trv8tee8 The induction process for the newly app)inted member of the trustees comprise of an initial mp.&.Tyrr. Ivirh thp. rhf?irnian f>Fhp.r mpmlJpr% f>1 rb.e. p.18rpe.q. in11nup. bv qhnrt mpp.iin<r8 the Parish Pastor on the powers and responsibilities of the trustees. Exi$tinR trustees are pr vided with rraininr 2.* 2r]d whpn yryuirpd. d. Orxanlsatlotal Strncture and decislon The tharity is organised so that the trustees can meet regularly to m8JMge the affairs of the church. All major dectsions 2re toiietii':elv taken bv the trustees. The i1$tee$ are unpaiu and detsils of any related party traosactions are disclosed as applicable in the notes to the accourLt. The Pariyh Pastor 7nanages the dav to dai. ad.7straDp. of the ehuT¢h. e. Related party relationgbl RCCG City of His Grace is a parish of The Redeerned Clui"stian Church of God- a network Co.priSed ol pari8D.e8 911 nver tb.e worla. Thpre io 'eemen1 IOT comni.on Prse. en?erB into by RCCC City of His Grdce wxth The RedeeTDed Christian Church of G(xl which docun)ent$ this relationshlp. f. ObJeetlve• attd aetiTltie• l. Po]IcleB and obJectlve8 The pr&nctpaL objects of iije ch8Jilv gxe: . The a(ivaEicement ol tne christiaD_ fgith worldwide.. and ". The relief of wverty and any thitable purpose at the discrelion of the trustees for the benefits of the nolnmunitv. PdEv 2
Th¥ Redeemed Chrltian Church of God, C?iy ol Hi8 Gra¢e Report of the trtee& for the year ended 31 Decembex 2020 It pursues these objects by the operation of a christian worship centre at a facility located at entoring activities for the unemployed people plannmg w Start their Osm businesses and run gener centrc Ior tne pubtsc. 2. Actitic8 lor achieving objectiFeB Significant activities that contributed to the acbievement of these objectives were: i. LornmuniiN outrcach evcnis 2. Conferences and events ts. WeitarL ¥UPPOrt ior KE1cbe[S The church's Sunday and mid week services are open to the genernl public to enable them i. ir ¢t]urcii wtk&(i tIOL p&ticipaLe in itle tsorltetl iartllb'ai (tue w iO¥ili I1& aowii."Iliib ts 41 collununity run Ca[val for Gravesend and Northfleet. The carnival rLs once a year usugjly itl JULS. au<1 ib Uiiueii EO sti0. we very. tst i.1 ttie i[1 cojnthuniues ana L'.wiues iwve its offer. 2. Itie iiiufLii oDseLVCQ tnc 'viotiTrer s a&4N'. rath¢¥ s (lay. koutti 1(1 iOULig l&t weeit. Eostel. and Christmas celebrations online due to the Covid 19 lockdown. 3. Ti&e L&Truf¢i1 Lvuio t1[ Pl'U%".kUt iiee u1.St 10 tiiose wno ate ioTre'y woaia ildl'e been bv thetnselves during christEnas day at the Mercy Centre because of Covid-19 lockdov/n. the need in the commurriry which benefited at¥mt five hundttd individuals made up of 5. The Church provied welfare and other assistance to tKth her members and some indigent 4. The church cold not host the multicultural day whtch is alwa)Tr an ocassion to pmmote naL&i'e iaEihU&eè 01 iiie lliUkubiiiiLIL. Prvyie Oi atea JiereD} ItsLie."j" . (i4l."ersii)¥ aiio ik]ciii- sion. The church is an active member of Churches Together in Gravesharn. & body that IOSEurs uiiity aii'ci"siTr atnoiiE iÈie LIL"Ll13 111 LLIL JVLiLibii Oi (zrav¢Srtn. 5. The church SUPFK>rts Compassion UK by sponsoring the educatkon of tbe poor and needy Ll-IAiiikei'i dilu& Liiti we atso bupwr(eo ouiei" CAial"iiies liè& LaE'.Ler ioseaTCÉI iifk. JavE The Children UK. Sanctuary (Gravesend Homeless Shelter) and the Mayor of Grave3haJn'8 iy A'ufiu aitljiig i.Q¢ )"" Tlie LUTlIl E.¥cl ix4e)' il<i¢e r¥ierreo LL IV gii(iaEILY CO14iaiiLeil in (he £ILY Commsssion's general guidance on public benefit when reviewi the chity'S aims and objec- U¥LS iii Vi<UUIiElg LEIL IULufL &ILÈIVILaLS. Grants were made to other chaTÈtable bodies. The church supports missionary organisations missions projects within and outside the UK. The church algo provides support to members
Report of the trustees for the year ended 31 Decen1b 2020 l. Volunteer• Th rlTriirrh qrAtpfiJ! fnr ihp ryimmihrpnt AD_rl (kf ito vnli?nprs whn arp 1nyfk1v_ ?n services provi8iork. The church has over 30 volunteers comrnitted to working in vaJious dep- th• oliiie7) Th• hiireh tTh S•nTirp rTrf hp?ap nf Apn.Ir_ tments and ministers to ensure that the best value is derived frollk the ster]ing efforts of the vnliintperq. l. Rislr rnxnAFern•nt The trnstees have assessed the major risks to which the clwity is exFK)sed. in particular place to n)itigate against exwsurcs to the major risks. Thf RTP T)leaqpd try rr.T)nrt ., h- ministering to many people Rn prayer and we]fare. The cburcb has iproved in membership trenrth and 18 iD.cre.a8inglv reaching oiit tn the enmyn_iinitv l. Revlew of tr4n8•Ct%ons 8nd f.lllliLial tr05ttion During the yeax, income of £128,5221£122.089 in 20191 was received as voluntary donations frorn mcmbcrs. .SiirDliis of iricomt oNcr tyDCnditt. was £?n 193 If3.326 3n 90191. Thc rECt assets as at the year end a3 shown in the Staternent of financi activitie3 was £127.840 1£105.737 Èn ?0191. . Pla0¥ for ftstpre dtvelopmtnt The charity aitn5 at building on its current achievements in effectively spreading the ethos, .oi'p. 2nd hnDp. rhar rhe rhri81tan faTih 4ffpr.8. Tr al8ft aim8 ai 110 jp.<r itrjrjn ry!rye.v.t pfffjff g of cotELmLEnity involverneTht Rn its bid to make our commurrity and the larKer world a better plt*rp for Èll. pe4
The Red¢¢med LhristiF4ll Church of God, City of Èlls Grace
Report ofthe trn#te¢8 for the yev ended 31 DeeellLber 2020
Re$pon•lblllti¢s of the tru•t¢
accordance with applicable law and regulations. Chariry law require8 the trustees to prepare
litiantiai slalenienl loI" eaLh linanLkal yeaj.. Ilndtr ihai law ilie eRwily il)e Li"usltes
The •_rtA ?T!r lttdependent ezamioeT'$ report for the year ended 31 Dettmb¢r 2020 Indep¢nd¢ttt ¢¥amIne8 ttport co? 8heet. the related notes and the accounting liC]eS of RCCG City of HÉS Grace for the year The trnstees are respotJsible for the preprntion of the finan¢ial 5t#teTnents. It is our responsibi- that exariiination. ners under section 144121 of the Ctwitses Act 2011. An examination ts limtted to enquiries of l&)r.lipA tn 1 provide8 less a3swance than an audit. We have nol performed an audit and accordingly, we do In connection with our examinatson. no matter has come to our attention: IP o"•ti%p tci b-lipy tl?A jy .gTrip ni.'4tpn1 rOr, t4p rpnilirpTnPY?q" To keep arLounting records in alrdance with section 1.10 the 2011 Art,. and accounting requirements of the 2011 Act have not been met" or 2. To which in our opinion, attention should be drawn in order to enable a proper understanding nf thp .?r.rnTint< tn hp Yp.qrhpA. Isigned and dated) Iteaele Oyedel MC Alpha Consult Limited IA firni of Chartered Certfied Acc0uyfr Urrit 2, Concord Hovse 41 Overy Street D4rtfoTd DAI IUP September 2. 2021
The Redeemed chri¥st1 Church of God, City of Hi8 GThce Statement of financknl actItIe# {attdttdAng income and expenditure aeeountl for the year ended 31 December 2020 Ilotes 2020 Total Funds 2019 Total unds Incomlng r¢otsr¢es Ineomlng zesoMr¢ts from generated fund8: Tithes and offering 104,812 104.812 23.710 128.522 93,383 14,71)fTr 122,089 128,522 Re8our¢es expettded Co%£ of generating fuad8: Voluntary income Chaiirahlp 8r.tivitie Governance costs 1.otal resouree• e¥pended 40,442 40,442 65,476 50.590 500 IOti.41Y 500 106,419 Net movemeot iti funds Total funds brought forward AaJiistmeiTrt to DiOLigni ioryiard 2A.103 105,737 22,103 105.737 102,037 127.840 127.840 105,737 The statement of fjnaneial activities includes all gains and losses in the year. All incoming resou- i-e.e,-% and re..%nurLV.s vxpeiidtd IitrivtY tmni LYJiiEinuiiig Ae.tivitie..%.
The Redee.m¢d Clllstlan Chre of eind, eitv of HIS Grace Balanee Sheet • at 31 Deeember 2020 2ff20 2019 Fixed et8 Tangible assets 286.329 291.494 Current ag8ets e.x.8h rlrl rnd iTr hFind 7.190 7,190 Creth"tors.' Amount falling due within l year io 123.0001 123.0001 115.8101 Creditor5." AOUnt falling due 3fter more than l ye 1166,0321 1169,947) Net usetg 127.840 105.737 Ge.neral fund brou£ht fonYaT£I Adjustment SurplusllDpfiritl rurrp.ni ye2r General fuods IOS.137 10?.03 374 127,840 105,737 Th.e accoi:4:8 haipe been preDared in ¥ctordAntr w2th speci&1 provision of S13tement of Reco- n)mended Practice.. Accounting and Reporting by Charities ISORPI issued in March 2005 a8 mod- ified for smaiier thariLs= Approved by the trustees on Se.pternbeT ? 202 1 antl $ied on their behalf bsr. tor SolomoA Adebowle Adegoke TnJ*t•.• r.ItalTmA P&ige 8
The Redeemed chr&8t1 LhuTch of (h)d, City of His GTare Notes fornilng part of the •tatements for th¢ year ended 31 DeAther 2020 l. A¢¢owit£ng policle• Thr AlrilJI.1#1 slMleTiieTilb have prYpw¢(i in wilh &ppknLalJlv A£-LviwLg SiId- rds in United Kingdom with the applicatkon of FRSSE and the Statement of Recommended F4aLiice, "Ac'LoiiIiiing 1(1 Rry_ll'liiig l)y CliaTilits" I-SORP 2i>OO aiid W)RP ?.005"1 is¥urd l)y Il)e Charity Cotnmkssion. A summary of the princiEI accountAng po]i¢ies. wkll.ch have been applied 1".0115Ltently sei our helow. lal Baslx of ACCOUntkng The financial statements are Prepared under the historic cost convention and include the results (if LILFEty'S [).at11)S whi<:h ale ae&.rit)eA in ttAe tnJstev.s r¢.pitl. ail nf RFhich di.e Li)l)t411uiiig. Ibl comparktivè fAgure8 Comparative fwwes are shown on the statement of accounts of the ck]arity. 1¢) IA¢omlng rnourc conir IS irediiea to ine. 8iate.ment of aCtswts on the earb.er date ol" when Ihe.y are received or when they are receivable. Idl Re8trl¢t•d futtd8 Ike%tnc.tca tunds arc to be usea tor spr_ciiic. purwFSCS as spCcicd F•ithirts ihe objccES Ot tine charity. Expenditure which TneetB these criteri4 wrll be identified to the fund, together wth a fair allocauon ol mallligetneni and support Costs. I'heie Via5 fc•trictea tunia auring tne Tre<ll whi was expeneded frr the purpose it was intended. lel UnY¢4tsl¢t¢d funds UnrestrACteo arc donatsons ouler Anc0£$ re¢eive(* or qeneraied ior the objects ot the charity without further specified purpose and are available for generaj fvDds. lfj R¢sour¢es expended its charitaable objeelives. Governantt expendÈture includes ajl cosls not direeuy related to the ¥lft& Ill The value of donated 8ervices alld ft8 in kind provided to the RCCG Ctry of His Grace is iecog- ity. as deterled by the trustees, in the [lOd in which they are receivable, and where th¢ A. dssets Fixed a¥selb lexLluding invesimentsl are slea al less &ccutnulat¢d depreLiution. The cusl iiifjf aULUL'UI'J . raLes calculated Lo write orr the cost ofeach assei over their e$Éimaied c01¢ lives. Full year depreciation is charged in the year of acquisition, irrespective of the date o( purchase fAC -1 r.11. -'s-' ru except where the asset is on a firwice lease where the lower of the riod olrepayment and the Building - 2.kn Straight line Olre e(rair.- Cni_ Q+ Page 9
The Rede¢m¢d Chrl•tian Churth of God, City of His Grtee Notes forming part of the fllkanelAI st*t¢mtnts fot the yea7 ended 21 D¢¢¢3pber 2020 2020 Tot81 "rotal Tithes Offering Thanksgiving 89.849 13,078 1,885 104,812 89,849 13,078 1,885 104.812 72.528 14.935 5,920 93,383 3. Other Come Unrestrlet Restrlete 2020 Total 2019 Totsl Gift aid Build&n% Other Incon 18,122 18.122 17, 162 5,587 23.710 5.587 23,710 11.544 28,706 Support 21Y20 Total Total 14.337 14.337 12.749 93.879 12,499 14,219 50,590 Support costs Premises 12.749 13.3)6 27.694 12.749 40.442 S. Charltable Actlvltles 2019 nd fund Total V.in%8trv 65.476 65,476 67,673 6. Governance Toknl Professional fee soo 500 500 io
The. Redeemed Chri8tian Cburch of God. City of Hi¥ Grace Notes formkng part of the JtatellLents tor the year ended 31 D¢¢enther 2020 A02Q I hl.s 18 stated affer chargin8 deptrciatio Illh,419 106.419 6,967 No member of the B(th of Trustees received any remuneration during the year. 9. Tangthie flzed awets tiur¢ Bulldlng Eqwpment Total .L i January ii12ti Additions in the period At Ji 2Q20 33.33b 331.142 6,238 6,238 At l January 2020 in pei'kcti At 31 D¢e¢mber 2020 11,912 27,736 39.648 17,868 33,183 51,052 Ilet book v•lu¢ K T>A aa.•y 0.6QO 291 494 Vagc il
The Redeemed Chrf¥txan ChTrrch of God: City •Jf Hi¥ GrA¢e Ilotes fornng part of the fuAan¢iAi ststemeots for the year ended 31 December 21M> 10. Czedltor•: Anwunts f•llkng due vlthiu one yeAT 2020 Tot1 Tots] Mortgage on budding Independep.t examination fee Other ereditOTS 16.500 16.500 16.500 .400 6,000 23,000 23,000 23,000 11. Crtdltor¥: Amount falling due after more one year 2020 Totsl 2n19 Total Mortgage on building 166,032 166.032 166.032 169.947 166.032 169,947 12. Analys1• of net as8et8 between funds 2019 Tota] Tot41 Tanqible. fLxed a$set% Current a$set$ 2R6,.328 30,543 286.328 291,494 30,543 7,190 1189,0321 1203.3921 127,840 95,292 Net $*t¥ a• at 31 De¢ember At l Jan Incoming OugoiDg At 31 Dec 2020 ttnc. gains] Re¥tsleted hthdb: Total restricted fvuxls Unrestrlcted fund5 105.73-, 128,522 106.4: 127.840 Total unre$Lrted funds 105,737 128,522 106,419 127,840 Total fundi 105.737 128.522 106.419 127.840 The Redeemed Cl)ristian Chu of is the mAin head qLiarters of 8Jl RCCG Church tiranci)es. Uurmg the year, trie church pd Mststutn grants 10 ottier KLLii Otganisations siich as the World Evangelism Missi(m F.M1. Fpstiv81 nf Life IFOU and c.entral Office liuFI as stated.
The Rdem¢d Clkristian Church of God, City of His Grace Ineome and expenditure for the year ended 31 December 2020 2019 Income Tithes Offering Trianlr.sgiving Gift aid Buildin accounts Others 89.849 13,078 1,88) 18,122 14,935 17.162 5,587 128,522 11,$44 122,089 ain on sale ol" assei 13.043 1,176 Rent Tates 771 14.219 aTionery at](1 PiiL]iil]g Utdities inburdriLe exg)ttn¥e¥ Telephone and internet charges i¥iinibLfy" exptnbtb Bank charges RetldÉLb, th&iXILeii1Ce 2,199 2,655 1.740 2,566 540 0.000 14.837 23.872 Media, website etc I,ioi 9,809 Subscription 2.483 r¢iL1LL i&lbLLIiLtULU j LXPLllbLb Central office dues 3,850 Co]Ellnunity projects 4.106 Pension expenses Vtiil, UUAIAeieAices Stuff tr#ining È"1-it knid soiial 240 try 65.476 67,673 Prof¢or1&1 6ertc** tEgal and professional fees nn o &LL pport Costs Depreciation y -T3r.nie. 11.403 6,967 12.749 12,499 1 ryf. SurplusllDeficiti ror the year 22,103 IOS.727 3,326 Adiu8tment to G¢n¢ral Fund 374 1th7.840 P88e 13