2021-06-30-accounts - Redeemed Christian Church Of God- Rehoboth Centre

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Charity no 1140785

THE REDEEMED CHRISTIAN CHURCH OF GOD REHOBOTH CENTRE

Annual Reports and Accounts

1 July 2020 to 30 June 2021

Prepared by DTT Consultancy Ltd

THE REDEEMED CHRISTIAN CHURCH OF GOD REHOBOTH CENTRE

Administrative Information

Financial Statement for the year ended 30 June 2021

Registered Charity Number:

1140785

Trustees: MR OLUSEYE PEKUN FATIMILEHIN MRS CHRISTIANA AINA OGUNWENMO Mr KAYODE JOSHUA OLUYEDE MRS PATRICIA OGUNYEMI PASTOR EZEKIEL ADEMOLA BAMGBOLA Registered Office: 24A GREEN STREET ENFIELD MIDDLESEX EN3 7HQ

Independent Examiner: Tunji Ogedengbe 36 Daffodil Close Hatfield Herts AL10 9FF

THE REDEEMED CHRISTIAN CHURCH OF GOD REHOBOTH CENTRE

Trustees Reports for year ended 30 June 2021

The trustees present their financial statement for the year ended 30 June 2020

The principal activity of the organisation continues to be:

Propagation of the Gospel according to the teaching of JESUS CHRIST

Statement of Trustee Responsibilities

The Trustee are required to prepare financial statement that give a true and fair view of the state of affairs of the organisation and of the income and expenditure of the project for that period . In preparing these financial statements, the Trustee are required to:

Select suitable accounting policies and apply them consistently
Make judgements and estimates that are reasonable and prudent
State whether applicable standards and statement of remmended practices have been followed, subject to any material departures disclosed and explained in the statements.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the project will continue in operation.

The Trustees are responsible for keeping proper records that disclose at anytime the financial position of the project. They are also responsible for the safe guarding the assets of the organisation and hence for taking reasonable steps for the prevention and detention of fraud and other irregularities.

MR OLUSEYE PEKUN FATIMILEHIN

Date: 8th September 2021

Page 1

THE REDEEMED CHRISTIAN CHURCH OF GOD REHOBOTH CENTRE

INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 30 JUNE 2021

I report on the financial statements of The RCCG Rehoboth Centre for the year ended 30 June 2020 which comprise the statement of financial activities, the balance sheet, and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act),as amended by s.28 of the Charities Act 2006 does not apply. It is my responsibility to examine accounts under section 43 of the Act, as amended, to follow procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, as amended, whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charities Commissioners. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and

Independent examiner's statement

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

(i) which gives 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; and
to prepare accounts which accord with the accounting records and to comply with the accounting of the Act have not been met; or
(ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

........................................................... Tunji Ogedengbe 8th Sept 2021 36 Daffodil Close Hatfield AL10 9FF

RCCG	THE REDEEMED CHRISTIAN CHURCH OF GOD REHOBOTH CENTRE	THE REDEEMED CHRISTIAN CHURCH OF GOD REHOBOTH CENTRE	THE REDEEMED CHRISTIAN CHURCH OF GOD REHOBOTH CENTRE		1140785
	Annualaccountsforthe period
	Period start date	01 July 2020	To	Period end date	30 June 2021

Section A	Statement of financial activities
Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) Incoming resources from generated funds Voluntary income S01 Activities for generating funds S02 Investment income S03 Incoming resources from charitable activities S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 *Total resources expended* *Total incoming resources* *Total funds carried forward* Total funds brought forward *Net movement in funds* *Net incoming/(outgoing) resources before* *transfers* Prior Year Adjustment Gains and losses on revaluation of fixed assets for the charity’s own use Other recognised gains/(losses) *Net incoming/(outgoing) resources before* *other recognised gains/(losses)* Gross transfers between funds		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		70,462	-	-	70,462	102,262
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		70,462	-	-	70,462	102,262

		-	-	-	-	-
		62,848	-	-	62,848	68,816
		-	-	-	-	-
		-	-	-	-	-
		9,542	-	-	9,542	11,105
		-	-	-	-	-
		-	-	-	-	-
		72,390	-	-	72,390	79,921
		1,927 -	-	-	1,927 -	22,340
		-	-	-	-	-
		1,927 -	-	-	1,927 -	22,340

		-	-	-	-	-
		-	-	-	-	-
		1,927 -	-	-	1,927 -	22,340
		86,903	-	-	86,903	64,562
		84,975	-	-	84,975	86,903

Page 2

Section B Balance sheet AS AT 30 June 2021

Restricted

Unrestricted funds income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
56,922	-	-	56,922	59,658
-	-	-	-	-
-	-	-	-	-
56,922	-	-	56,922	59,658

-	-	-	-	-
-	-	-	-	10
	-	-	-	-
29,213	-	-	29,213	78,356
29,213	-	-	29,213	78,367

1,160	-	-	1,160	1,250

28,053	-	-	28,053	77,117

84,975	-	-	84,975	136,775

-	-	-	-	49,872
-	-	-	-	-

84,975	-	-	84,975	86,903

84,975			84,975	86,903
			-	-
	-		-	-
		-	-	-

84,975	-	-	84,975	86,903

Signature		Print Name		Date of approval
		MR OLUSEYE PEKUN FATIMILEHIN		16/12/2020

Page 3

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

• and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

and with the Charities Act 1993.

[** except for the following].

Give details in this box if a different standard has been followed.

-Tick as appropriate:
if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick
“Financial Reporting Standards for Smaller Enterprises (FRSSE)”.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

Page 4

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming	These are included in the Statement of Financial Activities (SoFA) when:
resources	 the charity becomes entitled to the resources;
	 the trustees are virtually certain they will receive the resources; and
	 the monetary value can be measured with sufficient reliability.
Incoming resources with	Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure	the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations	Grants and donations are only included in the SoFA when the charity has unconditional
	entitlement to the resources.
Tax reclaims on donations	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts	which they relate.
Contractual income and	This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
	distributed by the charity.
	Gifts in kind for use by the charity are included in the SoFA as incoming resources when
	receivable.
Donated services and	These are only included in incoming resources (with an equivalent amount in resources
facilities	expended) where the benefit to the charity is reasonably quantifiable, measurable and
	material_._The value placed on these resources is the estimated value to the charity of the
	service or facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Investment income	This is included in the accounts when receivable.
Investment gains and losses	This includes any gain or loss on the sale of investments and any gain or loss resulting from
	revaluing investments to market value at the end of the year.
EXPENDITURE AND	LIABILITIES
Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation committing the
	charity to pay out resources.
Governance costs	Include costs of the preparation and examination of statutory accounts, the costs of trustee
	meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of service
conditions	or output to be provided, such grants are only recognised in the SoFA once the recipient of the
	grant has provided the specified service or output.
Grants payable without	These are only recognised in the accounts when a commitment has been made and there are
performance conditions	no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs	Support costs include central functions and have been allocated to activity cost categories on a
	basis consistent with the use of resources, eg allocating property costs by floor areas, or per
	capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use	These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity	are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress	These are valued at the lower of cost or market value.

Page 5

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
Main Offering	10,177	14,700
Tithe	42,813	53,728
ThanksgivingOffering	1,439	3,215
DiggingDeep	58	1,002
BuildingFund	608	1,613
Pledge	3,565	3,484
Other Donations	1,718	3,774
Gift Aid	10,083	20,732
Interest Receive	3	14
Total	70,462	102,262

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Charitable Donation
Africa Mission

	-	-
	-	-
Total	-	-

Page 6

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
Pastor'sAllowance	18,600	13,000
Rent & Rates	18,230	30,940
Conference & Seminars	-	225
Telephone	1,623	1,737
Heating& Lighiting	250	1,180
Travelling& Transportation	741	826
Printing& Stationery	155	350
Professional Fees	2,410	4,179
Hospitality	765	3,333
Bank charges	23	-
Water rate	531	254
Employers NI	1,352	1,288
Accountancyfees		250
Repairs & Maintenance	10,979	5,588
Depreciation	2,978	3,220
SundryExpenses	312	80
Subscriptions	80	360
Staff Pension	371	266
Mortgage interest	3,448	1,740
Total	62,848	68,816






Total




Total	-	-

Donations & Gifts	4,742	4,316
WEM/COF	3,600	3,600
Evangelism	-	1,988
FOL	1,200	1,200
Total	9,542	11,105

		-
		-
		-
Total		-

Page 7

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

*support costs.*
Support cost type	Fundraising activity £	Charitable Activity £	Governance Activity £	Total Cost £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total	-	-	-	-

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses Nature of the expenses

Total amount paid

This year	Last year


£	£

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor Independent examiner’s or auditors' fees for reporting on the accounts	This year £	Last year £
	250	250

Page 8

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

9.1 Cost or valuation
Freehold land & buildings Other land & buildings Repairs & Maintenance Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ Balance brought forward 50,000 - 23,587 17,509 - 91,096 Additions 242 - 242 Revaluations - - - - - - Disposals - - - - - - Transfers - - - - - - Balance carried forward 50,000 - 23,587 17,751 - 91,338 Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Rate Balance brought forward - - 17,554 13,884 - 31,438 Depreciation charge for year - - 1,769 1,208 - 2,978 Impairment provisions - - - - - - Revaluations - - - - - - Disposals - - - - - - Transfers - - - - - - Balance carried forward - - 19,323 15,092 - 34,416 Brought forward 50,000 - 6,033 3,625 - 59,658 Carried forward 50,000 - 4,264 2,659 - 56,922 9.3 Net book value 9.2 Accumulated depreciation and impairment provisions*	Freehold land & buildings £	Other land & buildings £	Repairs & Maintenance £	Fixtures, fittings and equipment £	Payments on account and assets under construction £	Total £
	50,000	-	23,587	17,509	-	91,096
				242	-	242
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	50,000	-	23,587	17,751	-	91,338
	-	-	17,554	13,884	-	31,438
	-	-	1,769	1,208	-	2,978
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	19,323	15,092	-	34,416

	50,000	-	6,033	3,625	-	59,658
	50,000	-	4,264	2,659	-	56,922

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

Page 9

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
	-	-	-
-	-	-	-
	10	-
-	-	-	-
-	10.0	-	94.4

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

12.1 Analysis of creditors

12.1 Analysis of creditors
Loans and overdrafts Trade creditors Amounts due to subsidiary and associated undertakings Other creditors Accruals and deferred income Total	Amounts falling due within oneyear		Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
		-	-	-
	250	250		49,872
	-	-	-	-
	910	750	-	-
		250	-	-
	1,160	1,250	-	49,872

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

Page 10