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2020-12-31-accounts

RCCG OASIS OF LIFE

SOUTHAMPTON

THE REDEEMED CHRISTIAN CHURCH OF GOD OASIS OF LIFE, SOUTHAMPTON

TRUSTEE’S REPORT AND ANNUAL ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

1

SOUTHAMPTON

RCCG OASIS OF LIFE

Page
Corporate Information 3
Board of Trustee’s Report 4
Independent Examiner’s Report 10
Statement of Financial Activities 11
Statement of Financial Position 12
Accounting Policies 13
Notes 14

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Corporate Information

Registered Charity Number: 1140409
Registered Office: 49 Burgess Road, Southampton SO16 7AP
Principal Office: 49 Burgess Road, Southampton SO16 7AP
Pastor in Charge: Pastor Temitayo Oloruntuyi
Board of Trustees: Dr Sunday Oyegbile
Engineer Olufemi Oduneye
Mr Abiodun Oduekun
Bankers: Barclays

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Board of Trustee’s Report

Introduction

The Trustees present their annual report and the financial statements of The Redeemed Christian Church of God Oasis of life, Southampton (the charity) for the period ended 31 December 2020. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

Public Benefit Statement

The Trustees confirm that they have complied with the duty in section 4 of the Charites Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charites and Public Benefit".

Structure, Governance and Management

RCCG Oasis of Life, Southampton is a parish of The Redeemed Christian Church of God which has parishes all over the world. The parish's relationship with other parishes is governed by an 'Agreement for Common Purposes'.

The charity was constituted under a trust deed dated 21st January 2011 and is registered in England and Wales with charity number 1140409

Appointment or Election of Trustees

Trustees are elected and or co-opted under the terms of the trust deed.

Policies Adopted for the Induction and Training of New Trustees

The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Pastor in Charge on the powers and responsibilities of the Trustees.

Organisational Structure and Decision Making

The charity 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.

Objectives and Activities

The principal object is the advancement of Christian faith worldwide and the relief of poverty. To promote any charitable activity for the benefit of the local people. To achieve its objectives, the church adopted the following strategies:

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Board of Trustee’s Report

The activities for achieving its objectives include:

Achievements and Performance

RCCG Oasis of life, Southampton opened its Sunday and mid-week services to the general public to build on their Christian faith. Apart from its Christian activities, the charity was involved in other community projects for public benefits. Some are as follows:

The year 2020 was such an eventful year for the charity despite the Lockdown for more than half of the year.

In addition to serving our local community in the Parish, the charity continued to operate just one out of our three community projects due to the Pandemic.

Baby Equipment Bank Project

This project was initiated in the year 2017. We collect free Baby Equipment from families, individuals and sometimes companies; we make sure they are clean and safe; we then give it out to families in need. This project met the need of average of four families per week, with over 300 referrals from Social Workers, Health visitors and individuals.

The project was featured on BBC Radio Solent appreciating our effort towards the poor.

We were closed just like any other business at the peak of the pandemic but resumed activities thereafter.

All other day-to-day and Weekly running of the charity went as planned. Special programmes are highlighted below.

January 2020

18th January 2020 A retreat for the managerial and volunteer team of the charity was held at Novotel Hotel, Southampton. 26th January 2020 A seminar on ‘Actualising dreams and vision’ purposely to help members of the community to set and achieve their goals for the year.

February 2020

14th February 2020 A dinner / Seminar on Marriage tagged ‘Valentine Night with Jesus’ was held at Novotel Hotel for Singles and those in courtship in the community. It was well attended.

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Board of Trustee’s Report

March 2020

8th March 2020 A seminar and Empowerment Session on Career, Business and Academics was held for the community.

15th March 2020 An Empowerment Session on Relationship and family was held for the community. 22nd March 2019 Mothering Sunday was organised for Mothers in the community. A time of teaching

22nd March 2019 on parenthood.

April 2020

12th April 2020 An outreach to educate the Public on the significance of the Death and Resurrection of Jesus was held at the city centre.

May 2020

17th May 2020 A workshop on Evangelism was held via Zoom for the community to empower in reaching out to lost souls.

June 2020

15th June 2020 Fathers’ Day was celebrated via Zoom with a Seminar for the community

July 2020

27th July 2019 Couples’ Empowerment Session was held via Zoom titled ‘ Keys to a Romantic Marriage’. A programme to equip married couples to have better relationships and be good parents.

25th July, 2020 Baby Equipment Bank Virtual Open Day was held via Zoom. This was an avenue for the general public to know more about the Project and ask questions. The Open-Day went fantastically well.

August 2020

August 28th to 30th Power Conference was held via Zoom for the community. A conference to empower the community on their Spiritual Growth.

September 2020

6th September 2019 International Sunday was held via zoom to bring all nationalities in the community together

October 2020

20th October 2020 Annual General Meeting for the commission worldwide was held virtually and it was well attended.

November 2020

November 2020 All normal weekly activities went as normal via Zoom.

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Board of Trustee’s Report

December 2020

13th December 2020 Carol Service for the community was held via Zoom. It was well attended. 25th December 2020 Christmas Day Service was held via zoom for the community.

Public Benefit Statement

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance advancing religion and relieving poverty when reviewing the charity's aim and objectives and in planning future activities and grant making policy for the year.

Grant Making Policy

The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG Programmes. The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.

Risk Management

The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity, and are satisfied the systems are in place to mitigate our exposures to the major risks.

Financial Review

The church continues to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust deed.

During the year to 31st December 2020, the church had a total income of £101,007. Total operating charitable expenditure was £90,288 giving an operating surplus of £10,720.

The Charity’s principal funding sources has been provided mainly through tithes and offerings by church members and through gift aid. Pledges are also taken for specific projects.

Investment Policy

The Trustees have decided that at present, funds should be retained in Banks and Building Societies, and as far as possible in interest bearing accounts.

Reserves Policy

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Board of Trustee’s Report

The trustees' policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended which equals to roughly £20,000 to £40,000 in general funds. They feel that this would enable the current activities to continue if there is a significant drop in funding. It would obviously be necessary to then consider how the funding would be replaced or activities changed. The trustees have set aside £30,000 as free reserve within its policy range but the trustees are continuing to seek additional unrestricted funds to build up its reserves.

Volunteers

The church is grateful to its volunteers who gave their services for free to the charity. It is estimated that over 3,000 hours were provided by volunteers during the year. If this is conservatively valued at £8.91 per hour, the volunteer's effort will amount to over £26,500.

Future Development

The charity continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make lifechanging impact in society.

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Board of Trustee’s Report

Trustees’ Responsibilities

The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and 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 charity and of the net income or expenditure of the charity for the year. In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with 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.

This report was approved by the Board of Trustees on 28/09/2021 and signed on their behalf by:

Full Name: Engr Olufemi Oduneye Dr Sunday Oyegbile Mr Abiodun Oduekun Signature: Position: Chairman Trustee Secretary Date: 28/09/2021 28/09/2021 28/09/2021

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Independent Examiner’s Report

Report to the trustees/members of: The Redeemed Christian Church of God Oasis of Life, Southampton On accounts for the year ended: 31st December 2020 Charity No: 1140409

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Date: 28 September 2021

Name: Tobi Labeodan FCCA, for and on behalf of Chedders Ltd

Relevant professional qualification(s) or body (if any): ACCA

Address: Ground Floor, Synium House, r/o 94-96 High Street, Henley in Arden B95 5FY

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Statement of Financial Activities: Year Ended 31st December 2020

Notes
Income:
Donations and legacies
1
Other income (Grants)
1
Total Income
Total Income
Expenditures on:
Charitable Activities
2
Other Charitable Activities
2
Other Costs
2
Total Expenditures
Net income/(expenditure)
Transfers between funds
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Gains/(losses) on investment assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward at 1 January
Total funds carried forward at 31 December		 2020
2020
2020
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
84,446
1,190
85,636
15,371
-
15,371
99,817
1,190
101,007
99,817
1,190
101,007
84,750
-
84,750
3,765
-
3,765
1,773
-
1,773
90,288
-
90,288
9,529
1,190
10,720
-
-
9,529
1,190
10,720
27,893
28,934
56,827
37,423
30,124
67,547		 2019
2019
2019
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
88,674
3,472
92,146
17,160
-
17,160
105,834
3,472
109,306
105,834
3,472
109,306
114,414
-
114,414
8,053
-
8,053
2,600
-
2,600
125,067
-
125,067
(19,233)
3,472
(15,761)
-
-
(19,233)
3,472
(15,761)
47,126
25,462
72,588
27,893
28,934
56,827

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Statement of Financial Position: Year Ended 31st December 2020

Notes
Fixed Asset
Tangible assets
3
Total Fixed Asset
Current Assets
Loans & Advances
Accrued Income
Cash at bank and in hand
Other Debtors
Total Current Assets
Creditors: amounts falling due within one year
Other Creditors
Other Current Liabilities
Total Creditors: amounts falling due within one year
Net current assets (liabilities)
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Other Non-Current Liabilities
Total Creditors: amounts falling due after more than one
year
Total net assets (liabilities)
The funds of the charity:
Restricted Reserve
General reserves
Surplus/(Deficit) for the year
Total charity funds		 2020
£
12,086
12,086
-
15,371
40,359
-
55,729
-
269
269
55,461
67,547
-
67,547
30,124
26,703
10,720
67,547		 2019
£
28,621
28,621
-
17,159
13,886
-
31,045
-
2,839
2,839
28,206
56,827
-
-
56,827
28,934
43,654
(15,761)
56,827

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Accounting Policies

Scope and Basis of the Financial Statements

The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice Accounting and Reporting by Charities published in March 2005.

Income

Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.

Expenses

Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Fixed assets

Fixed assets with an individual purchase of £250 or more are capitalised and stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:

Fixtures and fittings 20%
Equipment 20%
Vehicles 20%
Building 2%

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Notes

1. Income

Income
Donations and legacies
Restricted Income
Total donations & legacies
Other income
Gift Aid Receipts
Other income
Total other income
Total Income
2.
Expenditures
Charitable Activities
Premises
Utilities
Travel
Motoring & Transportation
Insurance
Administration
Advertising
Operations
Finance Charges
Depreciation
Honorarium
Professional fees and services
Total Charitable Activities
Other Charitable Activities
Outreach
Central Office
Welfare & Benevolence
Charitable Donations
Total Other Charitable Activities
Other Costs
Other costs
Legal fees
Accountancy fees
Total Other Costs		 2020
84,446
1,190
85,636
15,371
-
15,371		 2019
88,674
3,472
92,146
17,160
-
17,160
101,007
2020
£
13,049
1,106
558
3,124
1,488
40,414
328
1,348
(292)
18,963
900
3,764
84,750
893
1,100
1,445
327
109,306
2019
£
43,818
1,154
964
4,306
3,817
39,226
361
1,149
156
18,620
300
544
114,414
843
4,644
1,345
1,220
3,765
-
973
800
1,773		 8,053
-
1,800
800
2,600

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Notes

3. Tangible Assets

Cost
At 1 January 2020
Additions
Disposals
Revaluations
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
Adjustments
At 31 December 2020
Net Book Value
At 1 January 2020
At 31 December 2020		 Motor
Vehicles
£
16,233
16,233
12,306
3,247
-
15,552
3,927
681		 Fixtures &
Fittings
£
38,922
-
-
38,922
25,026
7,784
-
32,811
13,895
6,111		 Equipment
£
22,725
1,080
23,805
15,977
4,585
20,562
6,748
3,243		 Computer
& IT
15,559
1,347
16,906
11,508
3,347
14,854
4,051
2,052		 Total
£
93,438
2,427
-
-
95,866
64,817
18,963
-
83,779
28,621
12,087

4. Related Party Transactions

During the year, the church made donations and contributions to other RCCG and charitable organisations as shown in note 3 under Central Office and Charitable Giving.

5.

Trustee Remuneration & Expenses

During the year, there were not payments or reimbursement of expenses to trustee members.

6. Staff cost and numbers

Wages and salaries
Social security costs		 2020
£
28,510
669
29,179		 2019
£
27,229
577
27,806

15

Notes

Average number of staff

Pastoral
Charity administration		 2020
1
1		 2019
1
1

No employee received remuneration amounting to more than £60,000 in the year

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