REGISTERED COMPANY NUMBER: 07006734 (England and Wales) REGISTERED CHARITY NUMBER: 1132368
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2021
for The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) (A Company Limited by Guarantee)
Alb Peterson 7 Tomlins Orchard Hardwick Street Barking IG11 7LP
The Redeemed Christian Church Of God
(Rock of Redemption (Apata Irapada) Chadwell Heath)
| Contents of the Financial Statements | |
|---|---|
| for the Year Ended 30 September 2021 | |
| Page | |
| Report of the Trustees | 1 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 14 |
| Detailed Statement of Financial Activities | 15 to 16 |
The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Report of the Trustees for the Year Ended 30 September 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07006734 (England and Wales)
Registered Charity number
1132368
Registered office
27 Premier Way Kemsley Sittingbourne Kent ME10 2GU
Trustees
Pastor Philip A King - Yombo Mrs Chatherine King-Yombo Pastor Oyeyemi Kuku
REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary
Independent Examiner
Alb Peterson 7 Tomlins Orchard Hardwick Street Barking IG11 7LP
Page 1
The Redeemed Christian Church Of God
(Rock of Redemption (Apata Irapada) Chadwell Heath) Report of the Trustees for the Year Ended 30 September 2021
OBJECTIVES AND ACTIVITIES
Some community based engagements of RCCG Rock of Redemption.
We have some programmes aimed at reaching out to the immediate community these includes;
Africa Unite Against Child Abuse (AUACA)
This is a non-government organisation that we work with by holding periodic seminars in the church for their far-reaching cardinal programmes that is helping to shape the lives of African children in the UK and also helping Parents in their response to the peculiar problems of raising their children in the United Kingdom
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.
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➢ Their work includes; Awareness raising and sensitisation
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➢ Information, Education and advisory services
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➢ Advocacy and policy development
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➢ Community and international development
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➢ Family support.
Widows Rendezvous
Widows are also part of the people that we are seriously concerned about reaching out to and helping. This is a major area of our engagements within the community anchored by one of our ministers who herself is a widow, the aim to empower widows from all works of life within and outside the UK so as not to be a burden on the state and their families. Talks and workshops are held regularly with an annual main programme where they welcome new members and showcase what the old ones have done with their lives despite their situations to encourage new ones to become positive influences both to their children, in their families and the society.
Back to school
This is a particular passion of our senior Pastor, who realised some years ago that, the church needs to assist the parents after the summer holidays by giving out free school materials like books, pens and bags and so forth to alleviate their financial burdens after spending to take their children on holidays and buying them stuffs. Parents and children alike look forward to this day every end of summer because it's usually a fun-filled environment where they will be treated with food, drinks and ice cream and after all go home with wonderful grits towards their return to classes.
Drugs and Alcohol Consult
This was aimed at reaching out to those with drugs and alcohol problems. For advice and to create an environment where they can liaise together with those in their shoes and who are also trying to be clean. For the reasons of Funds, required expertise/staffs and government regulations, this programme is currently on hold for a while. The trustees are looking for help in this area because of the great impact this will have on the community and the experience we had when it was piloted in Camberwell SE5.
Page 2
The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Report of the Trustees for the Year Ended 30 September 2021
Tea Time
With the help of volunteers, the church offers tea and cookies to those that want on Tuesdays and Sundays, where anyone can come in to a cosy environment, have a chat over tea or coffee.
Youth and Children's Day
This programme is aimed at developing youth and children in the community. Children from different background comes together to show their talents through different presentations, drama, singing, dancing, etc. Parents and children look forward to this day every year because it's usually a fun-filled environment where they eat and drink, have ice cream and after all go home with wonderful gifts.
Food and Clothe Bank
This was previously a yearly programme for the less privileged, during Christmas period but its now a monthly programme where food and clothes hampers are being given to old people's homes, those who are jobless, and homeless every month.
Page 3
The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Report of the Trustees for the Year Ended 30 September 2021
OBJECTIVES AND ACTIVITIES
We offer free counselling service to the community. Book in counselling from Monday to Friday, drop in sections on Sundays.
Women Forum
Workshops and Seminars targeted at empowering women in the community. Healthy Eating and Healthy Living workshop, women are taught benefit of healthy eating and healthy living. Art and Craft workshops
OBJECTIVES AND ACTIVITIES
This is a community awareness programme which has received positive feedback. The church works with the Police, NHS, Fire Brigade and other professionals for the programme. It's aimed at enlightening the community about different information and opportunities available to them. Different speakers, including doctors, nurses, police officers, fire brigade officials, come together to educate and make available different information. There is also an opportunity for people to have a free check of their BMI, Blood Pressure, and check their Body Fat Percentage.
Page 4
The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Report of the Trustees for the Year Ended 30 September 2021
ROBOJAM
Free Computer Training for people from far and near at our premises, facilitated by the church. This also including free coding classes and building robots.
Family Talks
Another community project that has gained popularity from the cradle of our senior pastor; Philip King-Yombo is the family talk slated for the third Sundays of every month. This is a forum where issues that bothers on the home, parenting, family finance, in-laws, friends etc. are laid bare and discussed, questions relating to the subject of discussions are presented and experienced members of the community, pastors and elderly people are always on hand to proffer solutions to these challenges This programme has so much gained relevance that the church has recorded steady rise in attendance on these Sundays because it is cross-cultural, cross denominational, non-biased and plain truth are presented where attendees are equally encouraged to open-up their issues as objectively as they can.
Page 5
The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Report of the Trustees for the Year Ended 30 September 2021
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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➢ select suitable accounting policies and then apply them consistently;
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➢ observe the methods and principles in the Charity SORP;
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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 charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 23rd May 2022 and signed on its behalf by:
........................................................................ Pastor Oyeyemi Kuku - Trustee
Page 6
Independent Examiner's Report to the Trustees of The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath)
Independent examiner's report to the trustees of The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Liljana Peterson FMAAT Alb Peterson 7 Tomlins Orchard Hardwick Street Barking IG11 7LP
Date: 25[th] May 2022
Page 7
The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Statement of Financial Activities for the Year Ended 30 September 2021
| 30.9.21 | 30.9.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 70,694 | 66,972 | |
| Other income | - | 10 | |
| Total | 70,694 | 66,982 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Charitable activities | 30,616 | 32,523 | |
| Support Cost | 29,544 | 14,437 | |
| Finance Charges | 350 | 555 | |
| Governance expenses | 3,500 | 12,170 | |
| Other | 2,250 | - | |
| Total | 66,260 | 59,685 | |
| NET INCOME | 4,434 | 7,297 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 22,271 | 14,974 | |
| TOTAL FUNDS CARRIED FORWARD | 26,705 | 22,271 |
The notes form part of these financial statements
Page 8
| The Redeemed Christian Church Of God | The Redeemed Christian Church Of God | The Redeemed Christian Church Of God | ||
|---|---|---|---|---|
| (Rock | of Redemption (Apata Irapada) | |||
| Chadwell Heath) | ||||
| Balance Sheet | ||||
| 30 | September 2021 | |||
| 30.9.21 | 30.9.20 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | £ | £ | ||
| FIXED ASSETS | ||||
| Tangible assets | 5 | 44,384 | 30,080 | |
| CURRENT ASSETS | ||||
| Debtors | 6 | 4,221 | 8,870 | |
| Cash in hand | 3,100 | 9,321 | ||
| 7,321 | 18,191 | |||
| CREDITORS | ||||
| Amounts falling due within one year | 7 | (3,500) | (1,000) | |
| NET CURRENT ASSETS | 3,821 | 17,191 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 48,205 | 47,271 | ||
| CREDITORS | ||||
| Amounts falling due after more than one year | 8 | (21,500) | (25,000) | |
| NET ASSETS | 26,705 | 22,271 | ||
| FUNDS | 10 | |||
| Unrestricted funds | 26,705 | 22,271 | ||
| TOTAL FUNDS | 26,705 | 22,271 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 23[rd] May 2022. and were signed on its behalf by:
............................................. Oyeyemi Kuku - Trustee
The notes form part of these financial statements
Page 9
The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath)
Notes to the Financial Statements for the Year Ended 30 September 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
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 INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 30.9.21 | 30.9.20 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration for non audit work | 2,000 | 2,887 |
| Depreciation - owned assets | 2,250 | - |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.
Page 10
continued...
The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Notes to the Financial Statements - continued for the Year Ended 30 September 2021
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| fund | ||||||
| £ | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 66,972 | |||||
| Other income | 10 | |||||
| Total | 66,982 | |||||
| EXPENDITURE ON | ||||||
| Charitable activities | ||||||
| Charitable activities | 32,523 | |||||
| Support Cost | 14,437 | |||||
| Finance Charges | 555 | |||||
| Governance expenses | 12,170 | |||||
| Total | 59,685 | |||||
| NET INCOME | 7,297 | |||||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 14,974 | |||||
| TOTAL FUNDS CARRIED FORWARD | 22,271 | |||||
| 5. | TANGIBLE FIXED ASSETS | |||||
| Improvements | ||||||
| Short | to | Plant and | ||||
| leasehold | property |
machinery | ||||
| £ | £ | £ | ||||
| COST | ||||||
| At 1 October 2020 | 12,500 | 8,579 | 29,051 | |||
| Additions | - | - | - | |||
| At 30 September 2021 | 12,500 | 8,579 | 29,051 | |||
| DEPRECIATION | ||||||
| At 1 October 2020 | - | - | 25,550 | |||
| Charge for year | - | - | 875 | |||
| At 30 September 2021 | - | - | 26,425 | |||
| NET BOOK VALUE | ||||||
| At 30 September 2021 | 12,500 | 8,579 | 2,626 | |||
| At 30 September 2020 | 12,500 | 8,579 | 3,501 |
Page 11 continued...
The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath)
Notes to the Financial Statements - continued for the Year Ended 30 September 2021
5. TANGIBLE FIXED ASSETS - continued
| 5. | TANGIBLE FIXED ASSETS - continued | ||||
|---|---|---|---|---|---|
| Fixtures | |||||
| and | Computer | ||||
| fittings | equipment | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1 October 2020 | 5,500 | - | 55,630 | ||
| Additions | 10,748 | 5,806 | 16,554 | ||
| At 30 September 2021 | 16,248 | 5,806 | 72,184 | ||
| DEPRECIATION | |||||
| At 1 October 2020 | - | - | 25,550 | ||
| Charge for year | 1,375 | - | 2,250 | ||
| At 30 September 2021 | 1,375 | - | 27,800 | ||
| NET BOOK VALUE | |||||
| At 30 September 2021 | 14,873 | 5,806 | 44,384 | ||
| At 30 September 2020 | 5,500 | - | 30,080 | ||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 30.9.21 | 30.9.20 | ||||
| £ | £ | ||||
| Other debtors | 4,221 | 8,870 | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 30.9.21 | 30.9.20 | ||||
| £ | £ | ||||
| Other creditors | 3,500 | 1,000 | |||
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | |||
| 30.9.21 | 30.9.20 | ||||
| £ | £ | ||||
| Bank loans (see note 9) | 21,500 | 25,000 | |||
| 9. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 30.9.21 | 30.9.20 | ||||
| £ | £ | ||||
| Amounts falling due between two and five years: | |||||
| Bank loans - 2-5 years | 21,500 | 25,000 | |||
| 10. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| At | movement | At | |||
| 1.10.20 | in funds | 30.9.21 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 22,271 | 4,434 | 26,705 | ||
| TOTAL FUNDS | 22,271 | 4,434 | 26,705 |
Page 12 continued...
The Redeemed Christian Church Of God
(Rock of Redemption (Apata Irapada) Chadwell Heath) Notes to the Financial Statements - continued for the Year Ended 30 September 2021
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 70,694 | (66,260) | 4,434 |
| TOTAL FUNDS | 70,694 | (66,260) | 4,434 |
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 1.10.19 in funds 30.9.20 £ £ £ 14,974 7,297 22,271 14,974 7,297 22,271 |
|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 66,982 | (59,685) | 7,297 |
| TOTAL FUNDS | 66,982 | (59,685) | 7,297 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement At 1.10.19 in funds 30.9.21 £ £ £ 14,974 11,731 26,705 14,974 11,731 26,705 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 137,676 | (125,945) | 11,731 |
| TOTAL FUNDS | 137,676 | (125,945) | 11,731 |
Page 13 continued...
The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Notes to the Financial Statements - continued for the Year Ended 30 September 2021
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2021.
Page 14
| INCOME AND ENDOWMENTS Donations and legacies Tithers Gift aid Grants Other income Interest Received Total incoming resources EXPENDITURE Charitable activities Wages Ministry Expenses Musicians Honorarium Welfare Gifts to Parishioners Central Office WEM Books Advertising Sunday Schools Evangelism and Special Events Media Other Plant and machinery Fixtures and fittings Support costs Management Rent and rates Insurance Telephone Postage and stationery Sundries Motor Vehicle Expenses Equipment Expenses Travelling Repairs Finance Bank charges |
The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Detailed Statement of Financial Activities for the Year Ended 30 September 2021 30.9.21 30.9.20 £ £ 58,835 54,101 11,859 10,966 - 1,905 70,694 66,972 - 10 70,694 66,982 - 4,800 8,616 6,932 3,522 700 900 3,100 6,716 3,253 998 418 300 300 1,200 1,200 - 170 2,434 261 4,790 600 - 7,239 1,140 3,550 30,616 32,523 875 - 1,375 - 2,250 - 12,500 12,773 836 797 515 782 1,018 297 206 13 1,410 1,489 2,011 2,903 - 2,883 11,048 - 29,544 21,937 350 555 |
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This page does not form part of the statutory financial statements
Page 15
| Finance Governance costs Auditors' remuneration for non-audit Legal fees Total resources expended Net income |
The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Detailed Statement of Financial Activities for the Year Ended 30 September 2021 30.9.21 30.9.20 £ £ work 2,000 2,887 1,500 1,783 3,500 4,670 66,260 59,685 4,434 7,297 |
|---|---|
This page does not form part of the statutory financial statements
Page 16