The Redeemed Christian Church of God CRA ERDINGTON
THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY ERDINGTON FINANCIAL STATEMENT FOR THE YEAR ENDED 30[TH] AUGUST 2021
0
The Redeemed Christian Church of God CRA ERDINGTON
THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY ERDINGTON FINANCIAL STATEMENT FOR THE YEAR ENDED 30[TH] AUGUST 2021
| CONTENT | PAGE |
|---|---|
| Corporate Information | 2 |
| Finance Statement for the Year | 4-5 |
| Board of Trustee’s Report | 6 |
| Achievement and Performance | 7 |
| Financial Review | 8 |
| Independent Examiner’s Report | 9 |
| Balance Sheet | 10 |
| Income Statement | 10-13 |
1
The Redeemed Christian Church of God CRA ERDINGTON
CORPORATE INFORMATION
Charity Registered Number: 1143591 Company Limited by Guarantee Number: 07742599 Board of Trustees 1. Pastor Olusegun Emmanuel Chairman 2. Pastor Adekunle Omitoyin Member 3. Deacon Rasheed Adedoyin Member 4. Dr Peter Iriabe Member 5. Bro. Banjo Adegoke. Member/Secretary
Pastor/Minister in Charge
Pastor Rasaq Ibrahim
Registered Office
35 Cupfields Avenue, Tipton,
Dudley
DY4 0RE
Bankers:
HSBC BANK PLC ERDINGTON, BIRMINGHAM
LLOYDS TSB BANK PLC.
Accountants:
Heritage Accounting Services 27, Cleveland Street Wolverhampton WV1 3HT
2
The Redeemed Christian Church of God CRA ERDINGTON
FINANCIAL STATEMENT FOR THE YEAR ENDED 30[th] August 2021
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 2007.
The charity has taken advantage of the concession which allows it to publish only a statement of financial activities. The charity generated a total income of £48,147 and had a surplus of £11,379 during the year.
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.
Majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to a particular heading, they have been allocated to activities on a basis consistent with the use of resources.
Fixed assets
Fixed assets are 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:
Equipments 25%
3
The Redeemed Christian Church of God CRA ERDINGTON
Cash Flow statement
The financial statements do not include a cash flow statement as charity has taken advantage of the exemption from preparing such a statement that are available to smaller entities.
Fund accounting
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
4
The Redeemed Christian Church of God CRA ERDINGTON
Board of Trustee’s Report
1.0 Introduction
The Board of Trustees present their report and accounts for the year ended 31st August 2021.
1.1 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".
1.2 Structure, Governance and Management
1.2.1 Governing Document The charity is constituted as a “Trust” and governed by ‘Trust Deed’ dated 16th August 2011.
1.2.2 Trustee Appointments Trustees are appointed under the terms of the trust deed.
1.2.3 Organisational Structure The Redeemed Christian Church of God, Covenant Restoration Assembly, Erdington is a charity registered on 31st August 2011. It is governed by a Memorandum of Articles of Association and is controlled by a board of trustees whose members are appointed as set out in the Memorandum of Association and Constitution of the charity. Membership of the Board of Trustees consists of 5 individuals appointed by the charity who are of high spiritual and moral standing.
1.2.2 Risk Management The trustee board performs its duty of safeguarding the charity against major risk. The board regularly reviews the charity’s governance structures, policies, procedures and practices. It recommends strategic and operational options and implements adequate prudent controls and preventative action to safeguard the assets of the charity, as well as its reputation.
2.0 Objectives and Global Outreach
2.1 Objectives and Activities • To advance the Christian Faith in Erdington and in Birmingham and in such other parts of the United Kingdom or the World as the Trustees may from time to time think fit. • To relieve people who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in our community and in such other parts of the United Kingdom or the world as the Trustees may from to time think fit. • To advance education in accordance with Christian principles and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit. • To promote and fulfil such other charitable purposes beneficial to the community in Birmingham and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
5
The Redeemed Christian Church of God CRA ERDINGTON
2.2 Grant Making Policies Under the ‘’Agreement for common purpose’’, Covenant Restoration Assembly (CRA) Coventry has agreed to make regular contribution to the World Evangelism Mission (WEM) through RCCG Central Office UK to support church planting through the RCCG Birmingham Zonal & Province Offices, support missionary organisation, such as Festival of Life, Annual Convention held at RCCG National Headquarter.
2.3 Contributions Made by Volunteers- The charity enjoys the services of various volunteers, who contributed enormously in various areas of service provision, development and implementation of the Church’s vision. The volunteers are encouraged to attend various training and development programmes organised by the charity and other organisations.
3.0 Achievement and Performance
The charity’s main activities are tailored towards developing both the physical and spiritual needs of our local community. During the year, Covenant Restoration Assembly Erdington engaged in the following key activities:
3.1. In the past year we have had and continue to have very fruitful partnership with Erdington Foodbank with our Pastor seating on the Board as Treasurer from inception and for over a decade. It was another busy year for the charity.
Total amounts of food given out in financial year 2020-2021 was on 22,066 occasions, with 14,419 for adults + 7,647 for children. Previous year figure total was: 8,429 = 6,599 adults + 1,830 children.
3.2. In the light of the continuing Covid-19 pandemic we applied and secured a grant of £9,980 from The Lottery Fund which was used to provide food and counselling services for Black and Minority Ethnic (BAME) communities and to those who are disproportionately affected by Covid-19.
We provided food to hundreds of people. We equally engaged 2 External professional counsellors and provided hourly sessions to members of the community. Clients received a total of 4-5 sessions of counselling support, provided once a week on an hourly basis. The first sessions for all clients were delivered as an Initial Assessment session putting into consideration clients’ needs, project expectations and other vital aspects that needed to be observed. The project was successful with great impact.
3.3 We championed the setting up of Erdington Street Pastors during the year. The project was given birth to by Churches Together in Erdington (CTE). It was launched in March and Commissioned in September 2021 with primary aim to reach out to the most vulnerable out on the Streets. There are currently 13 street pastors and 5 are being trained to be Street pastors starting from February 2022. This project is
6
The Redeemed Christian Church of God CRA ERDINGTON
supported by all the Civil leaders, Local Police and the West Midland Police & Crime Commissioner. We also received funding from CTE & Cinnamon Network.
As street pastors we provided services unconditionally and given a neutral and reassuring presence. We listen, care and provide help to people on our High Streets on Mondays and Saturdays for now.
3.4. We restructured the charity with a new organogram to accommodate our focus to take care of the Youth and Community Engagement and to prepare for growth in the congregation from about 90 to over 200 members by 2023.
3.5 On the 1st of July 2021, the Church RCCG CRA Erdington was promoted to Area status with supervisory responsibilities for 5 other RCCG parishes, including the newly planted RCCG Bulgarian parish in Burnley, Manchester.
3.6. We met on several occasions online and then later in person to prepare for inperson services in line with the UK Government’s strategic framework. We used advice and guidelines from the UK Government, NHS and RCCG UK to complete a Risk Assessment, which we kept under periodic review. Care is still being taken to ensure we have systems that allows track and trace of individuals who test positive or has been in contact with someone who has tested positive. We implemented a thorough cleaning plan with particular focus areas of the building that are in regular use, on top of regular cleaning after service. Appropriate signage was up throughout the building with floor markings, one-way systems were implemented, wearing of mask and social distancing during services was ensured as well encouraging members to regularly get tested.
We communicated with each person or family that is part of our church, clearly explaining our responsibilities and actions as well as their responsibilities should they attend in-person services. Additionally, to ensure we were meeting the government’s regulations a register was created on attendees every week and a limit was places on the number of people attending services in person. Physical hand gel stations were in place, and no offering bags were circulated. Communion services/practice remained virtual, and no refreshments were served up until July 27th after restrictions had been lifted.
4.0 Financial Reviews
During the period, the total of sum £48,1471 (last year £37,445) was received in voluntary income and £17,310 in other income (Gift Aid receivables £7,730 and Grants £9,980). Total resources expended was £36,768 thus resulting in operating surplus of £11,379.
4.1 Principal Funding Sources The charity’s main source of fund this year has been through voluntary donations from members.
7
THE REDEEMED CHRISTIAN CHURCH OF GOD
The Redeemed Christian Church of God CRA ERDINGTON
4.3. Repayment of Loan on church Property
The church has managed to pay back outstanding £8,000 from the loan of £34,000 taken 2years ago from other RCCG’s and friends of the church. Only the additional loan of £10,000 taken from HSBC remains outstanding. As at year end the balance was about £9,468.
5.0 Future Development & Plan for 2021/2022
The Charity plans to continue with its various activities relevant to its local community.
5.1 The pandemic has had a negative effect on many people within the community both employed and unemployed, young people and older adults. Therefore, as the lockdown is starting to be lifted, there is a great need for various support to be in place for those people whose mental health have been affected so in the coming we would be fully involved in community engagements and helping the vulnerable.
5.2 In the coming year, the Charity plans to organise more monthly and quarterly retreats for its volunteers and developmental seminar/conference and workshops for its members and our local community.
5.3 Leadership Development
Leadership development in the church remains a central priority. Plans are in place for quarterly seminars and trainings for all the Leaders (Head of Departments and Ministers).
5.4 A new project Themed Digital Capability and Musical Instruments training for members of the community will commence from March 2022.
5.5. We will continue to develop and create volunteering opportunities and engaging with our local community, statutory agencies and enhancing good working relationship with key stakeholders in the local community
5.6. Missions -We plan to lift the profile of mission work at home and abroad.
Thanks to our Lead Pastor, Rasaq Ibrahim and entire congregation and volunteers. And I am very pleased that we have an excellent team of trustees: Dr Peter Iriabe, Rasheed Adedoyin, Banjo Adegoke, Kayode Omitoyin and myself. Some of them would be retiring soon, having served for over 10years and completed their terms.
The Accounts and report were approved by the Trustees on 17th December, 2021.
Olusegun Emmanuel,
Chair, Board of Trustees
8
The Redeemed Christian Church of God CRA ERDINGTON
9
THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY ERDINGTON
ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021
FINANCIAL STATEMENTS- INCOME AND EXPENDITURE ACCOUNT.
| INCOMING RESOURCES NOTES GENERAL RESOURCES Voluntary DonationsUnrestricted 1 Building Fund (Restricted) Cinnamon Network Gift Aid Receipts (unrestricted) Total Income EXPENSES Administrative and Charitable Activities 2 Governance 3 Total Expenses Net Income |
2021 £ 37,101 3,040 275 7,730 48,147 36,768 - 36,768 11,379 |
2020 £ 22,474 3,376 11,595 |
||
|---|---|---|---|---|
| 37,445 | ||||
| 24,006 - |
||||
| 24,006 | ||||
| 13,439 |
8
THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY ERDINGTON
ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 FINANCIAL STATEMENTS- BALANCE SHEET
| NOTES FIXED ASSETS Tangible 5 Investments CURRENT ASSETS Cash at Bank 7 CREDITORS Amount due within one year 8 Building Project- Short Term Loan NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES LONG TERM LIABILITIES (CREDITORS) Amount due after more than one year ACCUMULATED FUND Balance brought forward Residual Income for the year Balance Carried forward |
£ 108,086 - 108,086 2,310 2,310 2,046 9,468 11,514 98,880 0 87,503 11,377 98,880 |
£ 106,296 - |
|---|---|---|
| 106,296 | ||
| 949 | ||
| 949 | ||
| 1,742 18,000 |
||
| 19,742 | ||
| 87,502 | ||
| 0 74,065 13,439 |
||
| 87,503 |
9
THE REDEEMED CHRISTIAN CHURCH OF GOD
COVENANT RESTORATION ASSEMBLY ERDINGTON
ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 FINANCIAL STATEMENTS- NOTES TO THE ACCOUNTS
| NOTES Resources From Voluntary Income 1 UNRESTRICTED FUND Tithe Offering Thanksgiving Project Income Other Receipts 6 Gift Aid Received RESTRICTED FUND Building Fund Donations TOTAL FUND GENERATED Administrative Expenses 2 Audit and Accounting Fees Welfare Project Expense Honorarium & Training Wem FOL RCCG Joint Program & Area Contributions Resources- Books Sundry Payments Entertainments Building Decorations and repairs Utility-Electricity and Gas Insurance Public Liability COF Pastor's Stipends Statutory Payment-HMRC Bank Charges Retreat and Conference Evangelism/Outreach Rccg Donations & Dues Subscription - Churches Together Church Decoration Zoom Expenses Ico Payment Cinnamon Network Depreciation |
Unrestricted Funds £ 14,578 10,155 518 9,980 1,870 37,101 7,730 3,040 47,871 Unrestricted Funds £ 500 1,408 8,194 949 4,800 100 - - - 950 1,200 1,933 338 600 11,625 387 - - 1,283 1,500 40 60 144 35 275 447 36,768 |
Unrestricted Funds £ |
|---|---|---|
| 14,193 7,656 388 - 237 |
||
| 22,474 11,595 3,376 |
||
| 37,445 | ||
| Unrestricted Funds £ |
||
| 500 1,050 - - 4,400 300 100 225 568 902 436 1,207 338 600 11,800 273 3 608 - - 40 - - - - 656 |
||
| 24,006 |
10
Governance Costs 3
No trustee recieved any remuneration during the period.
Taxation 4
RCCG CRA ERDINGTON is a registered charity and is eligible for the exemptions.
from taxation available to Charities on their charitable activities. No charge to taxation therefore arises.
| FIXED ASSETS COST At 1st September, 2020 Additions Asset Disposal At 31st August 2021 DEPRECIATION At 1st September, 2020 Charge for the Year At 31st August 2021 NET BOOK VALUE At 31st August 2021 OTHER INCOME Rental Income from Project Rental Income from Bulgarian Church BANK BALANCES HSBC LLOYDS BUILDING FUND ACCOUNT Bank Balances Creditors- amounts failling due within one year. Accrued Insurance Pastor's Thanksgiving Offering Accrued Expenses (Accountancy fee) Short Term Loan- Building Project |
5 Equipts £ 6,587 2,237 |
Pupilt Building MV £ £ £ 350 105,500 3,285 - - - - |
Total £ 115,722 2,237 - |
|---|---|---|---|
| 8,824 | 350 105,500 3,285 |
117,959 | |
| 5,791 447 |
350 - 3,285 - - - |
9,426 447 |
|
| 6,238 | 350 - 3,285 |
9,873 | |
| - | |||
| 2,586 | - 105,500 - |
108,086 | |
| 6 7 8 9 |
1,500 370 1,870 1,460 25 825 2,310 338 1,208 500 2,046 9,468 |
554 - 395 |
|
| 949 | |||
| 338 904 500 |
|||
| 1,742 | |||
| 34,000 |
11
The Redeemed Christian Church of God CRA ERDINGTON
THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY ERDINGTON FINANCIAL STATEMENT FOR THE YEAR ENDED 30[TH] AUGUST 2021
0
The Redeemed Christian Church of God CRA ERDINGTON
THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY ERDINGTON FINANCIAL STATEMENT FOR THE YEAR ENDED 30[TH] AUGUST 2021
| CONTENT | PAGE |
|---|---|
| Corporate Information | 2 |
| Finance Statement for the Year | 4-5 |
| Board of Trustee’s Report | 6 |
| Achievement and Performance | 7 |
| Financial Review | 8 |
| Independent Examiner’s Report | 9 |
| Balance Sheet | 10 |
| Income Statement | 10-13 |
1
The Redeemed Christian Church of God CRA ERDINGTON
CORPORATE INFORMATION
Charity Registered Number: 1143591 Company Limited by Guarantee Number: 07742599 Board of Trustees 1. Pastor Olusegun Emmanuel Chairman 2. Pastor Adekunle Omitoyin Member 3. Deacon Rasheed Adedoyin Member 4. Dr Peter Iriabe Member 5. Bro. Banjo Adegoke. Member/Secretary
Pastor/Minister in Charge
Pastor Rasaq Ibrahim
Registered Office
35 Cupfields Avenue, Tipton,
Dudley
DY4 0RE
Bankers:
HSBC BANK PLC ERDINGTON, BIRMINGHAM
LLOYDS TSB BANK PLC.
Accountants:
Heritage Accounting Services 27, Cleveland Street Wolverhampton WV1 3HT
2
The Redeemed Christian Church of God CRA ERDINGTON
FINANCIAL STATEMENT FOR THE YEAR ENDED 30[th] August 2021
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 2007.
The charity has taken advantage of the concession which allows it to publish only a statement of financial activities. The charity generated a total income of £48,147 and had a surplus of £11,379 during the year.
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.
Majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to a particular heading, they have been allocated to activities on a basis consistent with the use of resources.
Fixed assets
Fixed assets are 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:
Equipments 25%
3
The Redeemed Christian Church of God CRA ERDINGTON
Cash Flow statement
The financial statements do not include a cash flow statement as charity has taken advantage of the exemption from preparing such a statement that are available to smaller entities.
Fund accounting
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
4
The Redeemed Christian Church of God CRA ERDINGTON
Board of Trustee’s Report
1.0 Introduction
The Board of Trustees present their report and accounts for the year ended 31st August 2021.
1.1 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".
1.2 Structure, Governance and Management
1.2.1 Governing Document The charity is constituted as a “Trust” and governed by ‘Trust Deed’ dated 16th August 2011.
1.2.2 Trustee Appointments Trustees are appointed under the terms of the trust deed.
1.2.3 Organisational Structure The Redeemed Christian Church of God, Covenant Restoration Assembly, Erdington is a charity registered on 31st August 2011. It is governed by a Memorandum of Articles of Association and is controlled by a board of trustees whose members are appointed as set out in the Memorandum of Association and Constitution of the charity. Membership of the Board of Trustees consists of 5 individuals appointed by the charity who are of high spiritual and moral standing.
1.2.2 Risk Management The trustee board performs its duty of safeguarding the charity against major risk. The board regularly reviews the charity’s governance structures, policies, procedures and practices. It recommends strategic and operational options and implements adequate prudent controls and preventative action to safeguard the assets of the charity, as well as its reputation.
2.0 Objectives and Global Outreach
2.1 Objectives and Activities • To advance the Christian Faith in Erdington and in Birmingham and in such other parts of the United Kingdom or the World as the Trustees may from time to time think fit. • To relieve people who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in our community and in such other parts of the United Kingdom or the world as the Trustees may from to time think fit. • To advance education in accordance with Christian principles and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit. • To promote and fulfil such other charitable purposes beneficial to the community in Birmingham and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
5
The Redeemed Christian Church of God CRA ERDINGTON
2.2 Grant Making Policies Under the ‘’Agreement for common purpose’’, Covenant Restoration Assembly (CRA) Coventry has agreed to make regular contribution to the World Evangelism Mission (WEM) through RCCG Central Office UK to support church planting through the RCCG Birmingham Zonal & Province Offices, support missionary organisation, such as Festival of Life, Annual Convention held at RCCG National Headquarter.
2.3 Contributions Made by Volunteers- The charity enjoys the services of various volunteers, who contributed enormously in various areas of service provision, development and implementation of the Church’s vision. The volunteers are encouraged to attend various training and development programmes organised by the charity and other organisations.
3.0 Achievement and Performance
The charity’s main activities are tailored towards developing both the physical and spiritual needs of our local community. During the year, Covenant Restoration Assembly Erdington engaged in the following key activities:
3.1. In the past year we have had and continue to have very fruitful partnership with Erdington Foodbank with our Pastor seating on the Board as Treasurer from inception and for over a decade. It was another busy year for the charity.
Total amounts of food given out in financial year 2020-2021 was on 22,066 occasions, with 14,419 for adults + 7,647 for children. Previous year figure total was: 8,429 = 6,599 adults + 1,830 children.
3.2. In the light of the continuing Covid-19 pandemic we applied and secured a grant of £9,980 from The Lottery Fund which was used to provide food and counselling services for Black and Minority Ethnic (BAME) communities and to those who are disproportionately affected by Covid-19.
We provided food to hundreds of people. We equally engaged 2 External professional counsellors and provided hourly sessions to members of the community. Clients received a total of 4-5 sessions of counselling support, provided once a week on an hourly basis. The first sessions for all clients were delivered as an Initial Assessment session putting into consideration clients’ needs, project expectations and other vital aspects that needed to be observed. The project was successful with great impact.
3.3 We championed the setting up of Erdington Street Pastors during the year. The project was given birth to by Churches Together in Erdington (CTE). It was launched in March and Commissioned in September 2021 with primary aim to reach out to the most vulnerable out on the Streets. There are currently 13 street pastors and 5 are being trained to be Street pastors starting from February 2022. This project is
6
The Redeemed Christian Church of God CRA ERDINGTON
supported by all the Civil leaders, Local Police and the West Midland Police & Crime Commissioner. We also received funding from CTE & Cinnamon Network.
As street pastors we provided services unconditionally and given a neutral and reassuring presence. We listen, care and provide help to people on our High Streets on Mondays and Saturdays for now.
3.4. We restructured the charity with a new organogram to accommodate our focus to take care of the Youth and Community Engagement and to prepare for growth in the congregation from about 90 to over 200 members by 2023.
3.5 On the 1st of July 2021, the Church RCCG CRA Erdington was promoted to Area status with supervisory responsibilities for 5 other RCCG parishes, including the newly planted RCCG Bulgarian parish in Burnley, Manchester.
3.6. We met on several occasions online and then later in person to prepare for inperson services in line with the UK Government’s strategic framework. We used advice and guidelines from the UK Government, NHS and RCCG UK to complete a Risk Assessment, which we kept under periodic review. Care is still being taken to ensure we have systems that allows track and trace of individuals who test positive or has been in contact with someone who has tested positive. We implemented a thorough cleaning plan with particular focus areas of the building that are in regular use, on top of regular cleaning after service. Appropriate signage was up throughout the building with floor markings, one-way systems were implemented, wearing of mask and social distancing during services was ensured as well encouraging members to regularly get tested.
We communicated with each person or family that is part of our church, clearly explaining our responsibilities and actions as well as their responsibilities should they attend in-person services. Additionally, to ensure we were meeting the government’s regulations a register was created on attendees every week and a limit was places on the number of people attending services in person. Physical hand gel stations were in place, and no offering bags were circulated. Communion services/practice remained virtual, and no refreshments were served up until July 27th after restrictions had been lifted.
4.0 Financial Reviews
During the period, the total of sum £48,1471 (last year £37,445) was received in voluntary income and £17,310 in other income (Gift Aid receivables £7,730 and Grants £9,980). Total resources expended was £36,768 thus resulting in operating surplus of £11,379.
4.1 Principal Funding Sources The charity’s main source of fund this year has been through voluntary donations from members.
7
THE REDEEMED CHRISTIAN CHURCH OF GOD
The Redeemed Christian Church of God CRA ERDINGTON
4.3. Repayment of Loan on church Property
The church has managed to pay back outstanding £8,000 from the loan of £34,000 taken 2years ago from other RCCG’s and friends of the church. Only the additional loan of £10,000 taken from HSBC remains outstanding. As at year end the balance was about £9,468.
5.0 Future Development & Plan for 2021/2022
The Charity plans to continue with its various activities relevant to its local community.
5.1 The pandemic has had a negative effect on many people within the community both employed and unemployed, young people and older adults. Therefore, as the lockdown is starting to be lifted, there is a great need for various support to be in place for those people whose mental health have been affected so in the coming we would be fully involved in community engagements and helping the vulnerable.
5.2 In the coming year, the Charity plans to organise more monthly and quarterly retreats for its volunteers and developmental seminar/conference and workshops for its members and our local community.
5.3 Leadership Development
Leadership development in the church remains a central priority. Plans are in place for quarterly seminars and trainings for all the Leaders (Head of Departments and Ministers).
5.4 A new project Themed Digital Capability and Musical Instruments training for members of the community will commence from March 2022.
5.5. We will continue to develop and create volunteering opportunities and engaging with our local community, statutory agencies and enhancing good working relationship with key stakeholders in the local community
5.6. Missions -We plan to lift the profile of mission work at home and abroad.
Thanks to our Lead Pastor, Rasaq Ibrahim and entire congregation and volunteers. And I am very pleased that we have an excellent team of trustees: Dr Peter Iriabe, Rasheed Adedoyin, Banjo Adegoke, Kayode Omitoyin and myself. Some of them would be retiring soon, having served for over 10years and completed their terms.
The Accounts and report were approved by the Trustees on 17th December, 2021.
Olusegun Emmanuel,
Chair, Board of Trustees
8
The Redeemed Christian Church of God CRA ERDINGTON
9