2021-12-31-accounts - Redeemed Christian Church Of God: Oasis Of Life Southampton

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RCCG OASIS OF LIFE

SOUTHAMPTON

THE REDEEMED CHRISTIAN CHURCH OF GOD OASIS OF LIFE, SOUTHAMPTON

TRUSTEE’S ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

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

Corporate Information

Registered Charity Number:	1140409
Registered Office:	118 – 120 Lodge Road, Southampton, SO14 6QS
Principal Office:	118 – 120 Lodge Road, Southampton, SO14 6QS
Pastor in Charge:	Pastor Temitayo Oloruntuyi
Board of Trustees:	Dr Sunday Oyegbile
	Engineer Olufemi Oduneye
	Mr Abiodun Oduekun
Bankers:	Barclays

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 2021. 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:

Running seminars in the church with proven ministers of the faith to guide members in the various aspect of Christian faith,
Support for other charities and Christian events,
Providing overseas aid and famine relief, and
Involving in economic and community development

Board of Trustee’s Report

The activities for achieving its objectives include:

Community outreach events
Conferences and events
Welfare support to members and general public, and
Various missionary activities

Achievements and Performance

The year 2021 was an amazing and fruitful year for the charity despite the lockdown lasting till middle of the year.

We continued to pursue our main objectives as a charity in preaching the gospel of our Lord Jesus. and to fulfil our social responsibilities as we continued to serve our local community with our CSR. In the year 2021, we were able to relocate to a new venue after the lockdown for our activities.

Baby Equipment Bank Project

The Baby Equipment Bank Project, which is one of our main Community Social Responsibilities flourished tremendously in the year 2021

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 all out to families in need. In the year 2021, we operated from a storage for the first half of the year and later moved to a permanent venue. 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.

Day-to-Day Running of the Charity

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

January 2021

16th January 2021 A retreat for the managerial and volunteer team of the charity was held via Zoom. It was well attended. The vision for the year with other issues were shared.

31st January 2021 A seminar on ‘Actualising dreams and vision’ purposely to help members of the community to set and achieve their goals for the year.

February 2021

14th February 2021 A dinner / Seminar on Marriage tagged ‘Valentine Night with Jesus’ was held virtually for Singles and those in courtship in the community. It was well attended. 21st February 2021 A seminar and Empowerment Session on Career, Business and Academics was held for the community.

Board of Trustee’s Report

28th February 2021 An Empowerment Session on Relationship and family was held for the community

March 2021

14th March 2021 Mothering Sunday was organised for Mothers in the community. A time of teaching on parenthood.

April 2021

4th April 2021 An outreach to educate the Public on the significance of the Death and Resurrection of Jesus was held virtually.

May 2021

16th May 2021 A workshop on Evangelism was held via Zoom for the community to empower in reaching out to lost souls.

June 2021

20th June 2021 Fathers’ Day was celebrated via Zoom with a Seminar on fatherhood for the community.

July 2021

24th July 2021 Couples’ Empowerment Session was held via Zoom titled ‘Rekindle the flame of Love’. A program to equip married couples to have better relationships and be good parents.

August 2021

15th August 2021 An outreach was held for children in the community to play and to empower them in the gospel. August 28th to 29th Power Conference was held via Zoom for the community. A conference to empower the community on their Spiritual Growth.

September 2021

19th September 2021 International Sunday celebration was held in our new venue to bring all nationalities in the community together with BBQ.

October 2021

17th October 2021 An event tagged ‘Freshers’ Fare’ was held to welcome new students in Southampton and to help then to settle down.

November 2021

6th November 2021 ‘Pastor’s Day out to Portsmouth’ was held for new students and new members of the community.

December 2021

12th December 2021 Carol Service for the community. It was well attended.

25th December 2021 Christmas Day Service was held via zoom for the community.

Board of Trustee’s Report

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 2021, the church had a total income of £153,164. Total operating charitable expenditure was £82,181 giving an operating surplus of £70,983.

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

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

Board of Trustee’s Report

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.

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:

Select suitable accounting policies and then apply them consistently;
Make judgments and estimates that are reasonable and prudent;
State whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going-concern basis unless it is inappropriate to
presume that the charity will continue in business.

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 29/09/2022 and signed on their behalf by:

Full Name: Engr Olufemi Oduneye Dr Sunday Oyegbile Mr Abiodun Oduekun Signature: Position: Chairman Trustee Secretary Date: 29/09/2022 29/09/2022 29/09/2022

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 2021 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:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
to state whether particular matters have come to my attention.

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:

(1) which give me reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act;
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
(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: 29 September 2022

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

Statement of Financial Activities: Year Ended 31st December 2021

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	2021 2021 2021 Unrestricted Funds Restricted Funds Total Funds £ £ £ 123,942 1,190 125,133 28,031 - 28,031 151,974 1,190 153,164 151,974 1,190 153,164 74,775 - 74,775 6,437 - 6,437 969 - 969 82,181 - 82,181 69,793 1,190 70,983 - - 69,793 1,190 70,983 38,613 28,934 67,547 108,406 30,124 138,530	2020 2020 2020
		Unrestricted Funds Restricted Funds Total Funds
		£ £ £
		82,164 3,472 85,636
		15,372 - 15,372
		97,535 3,472 101,007

		97,535 3,472 101,007


		84,750 - 84,750
		3,765 - 3,765
		1,773 - 1,773
		90,288 - 90,288

		7,248 3,472 10,720




		-
		-
		7,248 3,472 10,720

		30,175 26,653 56,827

		37,423 30,124 67,547

Statement of Financial Position: Year Ended 31st December 2021

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	2021 £ 60,863 60,863 - 28,022 49,942 - 77,964 - 297 297 77,667 138,530 - 138,530 30,124 37,423 70,983 138,530	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

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%

Notes

1. Income

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 Subscription 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	2021 £ 123,942 1,190 125,133 28,022 10 28,031	2020 £ 82,164 3,472 85,636 15,371 1 15,372 101,007
	153,164 2021 £ 9,884 682 281 2,037 1,695 41,829 908 1,714 418 13,697 250 35 1,345 74,775 1,352 3,000 1,435 651
		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
	6,437 169 - 800 969	3,765

		-
		973
		800
		1,773

Notes

3. Tangible Assets

Cost At 1 January 2021 Additions Disposals Revaluations At 31 December 2021 Depreciation At 1 January 2021 Charge for the year Adjustments At 31 December 2021 Net Book Value At 1 January 2021 At 31 December 2021	Motor Vehicles £ 16,233 16,233 15,552 680 - 16,233 680 -	Fixtures & Fittings £ 38,922 - - 38,922 32,811 6,111 - 38,922 6,111 -	Building- Improvement £ 60,337 60,337 - 176 - 176 60,337 60,160	Equipment £ 24,693 - 24,693 20,562 3,428 23,991 4,131 702	Computer & IT 18,156 - 18,156 14,854 3,301 18,156 3,301 -	Total £ 158,340 - - -
						158,340
						83,780 13,697 -
						97,476

						74,560
						60,864

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	2021 £ 28,875 679 29,554	2020
		£
		28,510
		669
		29,179

Notes

Average number of staff

Pastoral Charity administration	2021 1 1	2020
		1

		1

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