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2020-12-31-accounts

Trustees and Advisers
Trustees' Report
Independent
Examiner s Report tothe Trustees
Statement of Financial Activities
Balance sheet
Notes forming
part of the Financial Statement		 7-18

Registered Registered Office: Unit 4 Sherwood
Thurston
Road		 Court
Lewis ham London
SE137SD
Ilinister in Charge: Pastor Oladipo Eniola
Charity No 1133141
Bankers Barclays Bank
Lewsham
High		 Street
Lewsham
London

OF FINANCIAL ACTIVITIES FOR THE YE AR E DED
Restflcted Prior
Notes Unreshtcted
Funds
8		 income
Funds
6		 Total
Funds
6		 year
Funds
K
Recommended
oetegorlee		 by ectivity
incoming
resources
Income and endowments
from:
Donations
and legacies
Total		 155,889.22
155,889.22		 155,889.22
155,88g.22		 135,494
186,494
Resources expended
Expenditure
on:
Direct Cost
Support Cast
Governance
Cost
Total		 50,918.03
44,954.07
2,420.00
98,282.10		 50,918.03
44,954.07
2,420.00
88,292.10		 58,804
82,252
2,420
131,276
Net In dome/(expend)turd)
before Ieveetmeet gains/gooses)		 57,597.12 57,597.12 4,218
Net gains/(losses)
on investments
Nst income/(expenditure)
Extraordinary
items
Transfers between
funds
Other recognised
Reins/(losses)t
Gsoe ehd losses on reueluesoo
of sued		 eeeele tor the sheer'e owo ue
Other gains/(losses)
Net movement
in funds		 67,697.12 67,597.12
ReeonoRiatlon
offunds:
Total funds brought forward		 359,579.97 359,579.97 270,510
84,852
Prior Year Adjustments
Total funds carried foneard 417,177.09 417,177.09 359,580

THE REDEENIED C
HOUSE BALANCE SH		 HRISTIAN CHu
EET AS AT 31ST		 RCH
DECEI		 OF GOD[RC
NBER 2020		 G]-WIN NERS-
Restricted Total
Notes Unrestricted
Funds		 income
Funds		 Total
Funds		 Last
Year
F F F
Fixed assets
Tangible assets
Total fixed assets		 7 7,983.46
7,983.46		 7,983.46
7,983 46		 10,645
10,645
Current assets
Debtors
Cash at bank and in hand
Total current assets		 8
11		 3,296.59
408,337.04
411,633.63		 -
-		 3,296.59
408,337.04
411,633.63		 3,296
348,059
351,355
Creditors: amounts
falling		 due within one year 9 2,440.00 2,440.00 2,420
Net current assets/(liabilities) 409,193.63 409,193.63 348,935
Total assets less current liabilities 417,177.09 417,177.09 359,580
Creditors: amounts
falling		 due after one year
Provisions
for liabilities
Total net assets or liabilities 417,177.09 - 417,177.09 359,580
Funds of the Charity
Unrestricted
funds		 417,177.09 417,177.09 359,580
Revaluation
reserve
Total funds		 417,177.09 417,177.09 359,580

Restdcted Prior
Analysis Unrestricted income Total year
Funds Funds Funds Funds
Donations nnd lsgsciesr K 8 E 8
Donations and 9ifts 97,976.42 97,976.42 108,675
Gift Aid 50,810.22 50,810.22
Thanksgiving 655.00 655.00 425
Building 6,447.58 6,447.58 26,394
Total 155,889.22 155,889.22 135,494
TOTAL IHCOEIE 155,889.22 155,889.22 185,494.06
Other information:
AE income in the prior year wes unmstrlcted.
There was no any endowment fund converted
Into		 Income In the reportina
period.

Analysis otexpend iture
Reshicted Prior
Analysts
rd		 expenditure Unrestricted income Endowmer Total yea I'
Funds Funds Funds Funds Funds
DIRECT COST E E 5 6 6
World Evangelism
Mission		 19,160.03 19,180.03 19,861
Honourarium
&Thanksgiving		 550.00 550.00 2,500
Welfare 2,105.00 2,105.00 3,430
Stipend s/ Allcwanrns/
Salnies		 20,031.81 20,031.81 31,998
Choir/ Key Board/ Music Expenses 200
Books/ CDs/ Tepee 355.99 355.99 1,387
Children/
Teenage/
Youth		 250.00 250.00 300
Sunday School Exps. 275.00 275.00 577
PAYE & NIC &Pension 8,19D20 8,190.20 6,373
50918.03 50,918.03 86604
SUPPORT COST
Other Oons8ons[ Gift] &Hospitsliiy 2,824.90 2,824.90 3,511
Repairs, maintenance and Renewals 147.96 147.96 962
Prinbng, Postage and Stationary 843.00 843.DD 2,292
Telephone 103.12 103.12 206
Insurance/Licsnces 1,844.74 1,844.74 2,672
Travel Expenses/
Holy		 Ghost Conference 7,879.99 7,879.99 11,539
Computer
Cost/ IT		 312.73 312.73
Bank Charges 568.95 56895 938
Refreshment
and Entsrtainmsnt		 650.0D 650.00 76
Depreciation 2,661.16 2,661.16 3,548
Equipmsnt
Expensed		 1,845
Legal &Professional
Fees (Re: Building Exps.)		 1,650.00 1,650.0D 5,305
Gift-Aids Administrative Cost 5,589.12 5,589.12
Rent 17,462.76 17,462.76 25,260
Vshide Running
Expenses		 2,415.64 2,415.64 4,098
44,954.07 44,954.07 62 252
TOTAL EXPENDITURE 95,872.10 98,872.10 128,888

services pr
box(es).		 ovided
by your independent
examiner.
I		 ovided
by your independent
examiner.
I		 fno thing was pai d please enter 0' in the appropriate
OOVERMAMCE COST This Year Last Year
f 2
Independent examiner's fees 510.00 510.00
Legal Fees
Assurance services other than audit or independent examination
Tax advisory fees
Other fees (for example: financial advice, consultancy, accountancy services)-
paid to the independent examiner 1,910.00 1,910.00
2,420.00 2,420.00

6.1 Staff Costs
This Year Last Year
f f
Salaries and wages 20,031.81 31,996
Social security costs
Pension costs (defined
Other employee
benefits
Total staff costs 20,031.81 31,996
This Last
6.2Average head count in the year Year Year
Number Number
The parts ofthe charity in which the employees work
Fundraising
Charitable Activities
Governance
Other
TOTAL
THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS HOUSE NOTES TO THE
ACCOUNTS
CONTINUED		 FOR THE YEAR ENDED 31STDECEMBER 2020
Note 7 Tangible fixed assets Freehold machinery Fixtures,
land 8 Computer &motor fittings &
buildings vehicles equipment Total
5 E 5 F
At the beginning
ofthe year		 4,500.00 42,981.36 47,481.36
Additions
Revaluations
Disposals
Transfers *(Add or Deduct)
At end ofthe year 4,500.00 42,981.36 47,481.36
7.2 Depreciation
and		 impairmenia
**Basis Freehold Property Nil
Motor Vehicle 25% Reducing Balance
Fixtures &Fittings 25% Reducing Balance
Church Equipment 25% Reducing Balance
Computer
Equipment		 20% Reducing Balance
At beginning ofthe year 3,919.92 32,916.82 36,836.74
Disposals
Depreciation 145.02 2,516.14 2,661.16
Impairment
Transfers* (Add or Deduct)
At end ofthe year 4,064.94 35,432.96 39,497.90
7.3 Net book value
Net book value at the
Net book value at the		 beginning
end ofthe		 ofthe Yr.
year		 580.08
435.06		 10,064.54
7,548.40		 10,644.62
7,983.¹6

Note 8
Debtors and prepay		 Note 8
Debtors and prepay		 Note 8
Debtors and prepay		 Note 8
Debtors and prepay		 ments ments
Please complete this note ifthe charity has any debtors or prepayments.
8.1 Analysis ofdebtors This Year Last Year
5 5
Trade debtors
Prepayments and accrued income
Other debtors 3,296.59 3,297
Total 3,296.59 3,297
Please complete 8.2where a material debtor is recoverable more than a year after the reporting date.
8.2 Analysis ofdebtors recoverable in more than 1 year (included
in debtors		 above)
This Year Last Year
8 5
Trade debtors
Prepayments and accrued income
Other debtors 3,296.59 3,297
Total 3,296.59 3,297

Please complete this note ifthe charity h as any creditors or accruals.
Amounts falling
$.1 Analysis ofcreditors Amounts falling due Previous year due aRer more
within one year than one year
6 6 6
Accruals and deferred income 2,440.00
Total 2,440.00 2,420.00

10.2 ttovements
in recognised		 10.2 ttovements
in recognised		 10.2 ttovements
in recognised		 provisions and funding commibnent dur/ng the penod
This Year Last Year
0 0
Balance at the start ofthe repoidng period
Amounts added
in current		 period
Amounts charged against the provision
in the		 current period
Unused amounts
reversed		 during the period
Balance at the end ofthe reporting period

TDECEMBER 20 20
This Year Last Year
6
195,720.50 189,273
212,616.54 158,786
408,337.04 348059