## **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