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2021-12-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD HIS FULLNESS

Charity reg. no.1142181

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

THE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS

CONTENTS

Admin details 1
Trustees' report 2 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 11
Detailed statement 12 - 13

THE REDEEMED CHRISTIAN CHURCH OF GOD - HIS FULLNESS

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021

General Overseer

Pastor E. A. Adeboye

Parish Pastor

PASTOR ONIYIDE OLUDAYOMI

Trustees

ELIZABETH OPEYEMI POPOOLA OLUSOLA BANKOLE OGUNNIYI JOHNATHAN POPOOLA

Charity registration Number

1142181

Principal Office

14 WILLS AVENUE WEST BROMWICH B71 2QS

Independent Examiner

Tunji Ogedengbe 36 Daffodil close Harfield AL10 9FF

Page 1

THE REDEEMED CHRISTIAN CHURCH OF GOD - HIS FULLNESS

INDEPENDENT EXAMINER'S REPORT FOR YEAR ENDED 31 DECEMBER 2021

TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD - His Fullness

I report on the accounts for the year ended 31 December 2021 set out on pages 5 to 9.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE 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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

(i) examine the accounts under section 145 of the 2011 Act; (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

(iii) to state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the 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 you as 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 statements below.

INDEPENDENT EXAMINER'S STATEMENT

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

(a) which gives me reasonable cause to believe that in any material respect the requirements:

(i) to keep accounting records in accordance with section 130 of the 2011 Act; and

(ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;

have not been met.

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

Tunji Ogedengbe 36 Daffodil Close Hatfield Hertfordshire AL10 9FF

Date: 2nd Aug 2022

Page 5

THE REDEEMED CHRISTIAN CHURCH OF GOD - HIS FULLNESS STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 DECEMBER 2021

Notes
INCOMING RESOURCES FROM GENERATED FUNDS
Voluntary Income
2
Other income
Donated Income
2.1
Total incoming resources
RESOURCES EXPENDED
Cost of generating voluntary income
Charitable activities
Governance costs
Total resources expended
4
Net (Outgoing)/Income resources for year
Fund balances at 1 January 2019
Fund balances at 31 December 2020		 2021
2020
Total
Total
Funds
Funds
£
£
108,187
71,904
20,343
10,167
128,529
82,072
92,505
79,180
3,450
-
95,955
79,180
32,574
2,892
3,621
729
36,195
3,621

Page 6

THE REDEEMED CHRISTIAN CHURCH OF GOD - HIS FULLNESS Balance Sheet

At 31 December 2021

Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors: amounts falling due after more than one year
9
Cash at bank and in hand
CREDITORS
amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after one year
11
NET ASSETS
INCOME FUNDS
Unrestricted funds
TOTAL FUNDS		 £
£
20,586
841
15,018
15,859
250
-
15,609
36,195
-
36,195
36,195
36,195
2021		 £
£
20,586
841
15,018
15,859
250
-
15,609
36,195
-
36,195
36,195
36,195
2021		 £
£
841
3,030
3,871
250
-
3,621
3,621
-
3,621
3,621
3,621
2020		 £
£
841
3,030
3,871
250
-
3,621
3,621
-
3,621
3,621
3,621
2020
15,859
250
-		 3,871
250
-
36,195 3,621
- -
36,195 3,621
36,195 3,621
36,195 3,621

Page 7

THE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS

Notes to the Financial Statements For the year ended 31 December 2021

1 ACCOUNTING POLICIES

1.1 Basis of preparation

The accounts have been prepared under the historical cost convention.

The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small charity.

The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Charities Act 2011.

1.2 Incoming resources

Income is mainly from voluntary donations received from members and it is recognised when received by the charity.

1.3 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to

write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 20% straight line Motor vehicles 20% straight line

2
DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES
Tithes & Offerings
Building funds
Donation - Streamline
Gift Aid
.1 Other Income
Other Income
4
GRANTS PAYABLE - INDIVIDUAL
Individual welfare		 Unrestricted Restricted
Funds
Funds
2021
2021
2021
2020
£
£
£
£
94,708
-
94,708
51,421
6,335
-
6,335
8,503
1,461
-
1,461
1,203
20,343
-
20,343
10,167
122,847
-
122,847
71,294
5,683
-
5,683
9,078
5,683
-
5,683
9,078
Unrestricted Restricted Total
Funds
Funds
Funds
2021
2021
2020
£
£
£
-
-
-

2.1 Other Income

4 GRANTS PAYABLE - INDIVIDUAL Individual welfare

Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS

Notes to the Financial Statements - continued For the year ended 31 December 2021

2021 2020
**3 ** OTHER INCOME £ £
Contribution towards rent - -
Bank Interest receivable - -
- -
**4 ** TOTAL RESOURCES EXPENDED £ £
Charitable activities
Governance costs
- -
**5 ** TRUSTEES
None of the trustees (or any persons connected with them) received any remuneration or benefits
from the charity during the year.
**6 ** EMPLOYEES
Employee cost £ £
Wages and Salaries 23,508 26,344
**7 ** TRANSFERS
Not Applicable N/A N/A

Page 9

THE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS

Notes to the Financial Statements - continued For the year ended 31 December 2021

8 TANGIBLE FIXED ASSETS

COST
At 01 January 2021
Additions
Disposals
At 31 December 2021
DEPRECIATION
At 01 January 2021
Charge for year
At 31 December 2021
NET BOOK VALUE
At 31 December 2020
At 31 December 2021
9 DEBTORS
Other debtors
0 CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR
Independent examination accrual		 Building
Furniture &
Fittings &
equipments
£
18,844
4,354		 Electrical
Installation
Total
Expenditure
£
£
4,250
27,448
18,844
4,354
4,711
1,089		 4,250
27,448
1,063
6,862
4,711
1,089		 1,063
6,862
14,133
3,266		 3,188
20,586
2021
2020
£
£
2021
2020
£
£
250
250

10 CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR

Independent examination accrual

Page 10

THE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS

Notes to the Financial Statements - continued For the year ended 31 December 2021

2021 2020 £ £ 2021 2020 £ £ Year ended Year ended 2021 2020 No. No. 2 2 2 2 4 4

11 CREDITORS: AMOUNT FALLING DUE AFTER ONE YEAR

Mortgage outstanding Loan 1 Loan 2

The loan was advanced to the Church towards securing its permanent site. It is currently unsecured and interest free.

12 RELATED PARTY TRANSACTIONS

During the year, the church paid instutional grants to other RCCG organisations such as the World Evangelism Mission.

13 STAFF COST AND NUMBERS

Staff costs were as follows Wages and salaries Social security costs

The average number of employee during the year was as follows

Pastoral Charity administrations

Employees received remuneration in the year.

14 NET INCOMING RESOURCES/(RESOURCES EXPENDED)

This stated after charging

Depreciation of tangible assets owned by the charity Independent examiners's fees

15 CASH BALANCE

Opening balance Loan Received Income Received Expenses Asset Adjustment

Year ended Year ended 2021 2020 £ £ 2021 2020 3,030 128,529 - 95,955 - 20,586 15,018 -

Page 11

HE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS

Detailed Statement of Financial Activities For the year ended 31 December 2021

2021 2020

INCOMING RESOURCES
Tithes & Offerings
Building Fund
Thanksgiving
Other Income
Gift Aid
Contribution to NHS-Covid 19
Interest on savings
Charitable Activities
Evangelism
Honorarium
Children & Teenage department
Training & Conference
Premises Cost & Rent
Church Equipment
Pastor salary
Printing, Postage and stationary
Telephone
Building equipment hire
Travel Expenses
Bank Charges & Licensing
Electricity, Gas & Fuel
Vehicle Expenses
Other
Volunteers Expenses
Admin cost
Books
Building related expenses
Hospitality
Accounting and admin
Love Christmas Expenses
Cleaning and workers exp
First fruit offering
Expenditure c/f		 £
94,708
6,335
1,461
5,683
20,343
-
0.43
189
2,580
891
500
19,200
-
23,508
-
285
-
57
-
1,452
260
189
959
119
250
5,444
684
3,300
2,099
251		 £
51,421
8,503
1,203
9,078
10,167
1,700
128,530
-
-
8
1,656
20,400
1,853
26,344
160
347
826
6
507
1,229
2,273
-
2,400
232
8,762
124
258
62,217
67,385
62,217
82,072
67,385
62,217
67,385

Page 12

THE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS

Detailed Statement of Financial Activities For the year ended 31 December 2021

Brought forward
Donations
WEM
COF
Welfare
Contribution to NHS-Covid 19
Area 3 monthly contribution
Love offering
Naomi Initiative
Depreciation
Total Charitable activitities
GOVERNANCE COSTS
Independent Examination
Professional fees
Legal Fees
Total resources expended
Net income		 2021
2020
£
£
62,217
67,385
3,564
2,846
14,046
6,000
600
600
1,600
218
2,121
2,011
247
120
1,248
6,862
92,505
79,180
3,450
3,450
-
95,955
79,180
32,574
2,892

Page 13